Ge Long Hui·2025-07-30 04:27Core Viewpoint - Hang Lung Group (00010.HK) reported a significant decline in total revenue for the first half of 2025, primarily driven by a sharp drop in property sales revenue, indicating ongoing challenges in the real estate market [1] Financial Performance - Total revenue decreased by 18% year-on-year to HKD 5.202 billion, mainly due to property sales revenue falling by 87% to HKD 161 million [1] - Overall operating profit reduced by 6% to HKD 3.408 billion [1] - Rental income and operating profit from property leasing declined by 3% and 4% respectively, reaching HKD 4.912 billion and HKD 3.499 billion, attributed to weakened demand in Hong Kong and mainland China [1] Hotel Operations - Hotel portfolio revenue increased by 84% to HKD 129 million, although operating losses, including asset depreciation, widened to HKD 34 million [1] Shareholder Returns - Basic earnings attributable to shareholders fell by 7% to HKD 1.191 billion, primarily due to decreased rental operating profit and increased financial expenses [1] - Basic earnings per share decreased to HKD 0.87 [1] - After accounting for a net revaluation loss of HKD 494 million on properties (compared to HKD 393 million in 2024), the group recorded a net profit attributable to shareholders of HKD 697 million, with earnings per share of HKD 0.51 [1] Dividend Announcement - The board announced an interim dividend of HKD 0.21 per share for the 2025 fiscal year, consistent with the previous year [1] - The interim dividend is set to be distributed on September 24, 2025, to shareholders listed on the register as of August 15, 2025 [1]