Cai Jing Wang·2025-07-30 04:38Core Viewpoint - Hang Lung Group reported a significant decline in total revenue for the first half of 2025, primarily driven by a sharp drop in property sales revenue [1] Financial Performance - Total revenue decreased by 18% year-on-year to HKD 5.202 billion, mainly due to a 87% drop in property sales revenue to HKD 161 million [1] - Overall operating profit fell 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 ongoing slow demand in Hong Kong and mainland office spaces [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 Earnings - Basic net profit attributable to shareholders decreased by 7% to HKD 1.191 billion, primarily due to lower leasing operating profit and increased financial expenses [1] - Basic earnings per share fell to HKD 0.87 [1] - After accounting for a net revaluation loss of HKD 494 million on properties attributable to shareholders, the group recorded a net profit attributable to shareholders of HKD 697 million, with corresponding earnings per share of HKD 0.51 [1]