Cai Jing Wang·2025-07-30 04:38Core Insights - Hang Lung Properties reported a total revenue of HKD 4.968 billion for the six months ending June 30, 2025, a decrease of 19% compared to the same period last year [1] - The decline in revenue was primarily due to a significant drop in property sales revenue, which fell by 87% to HKD 161 million [1] - Overall operating profit decreased by 5% to HKD 3.255 billion, influenced by a slowdown in consumer spending in Hong Kong and mainland China, as well as weak demand for office space [1] Revenue Breakdown - Rental income and operating profit both declined by 3%, amounting to HKD 4.678 billion and HKD 3.346 billion, respectively [1] - The hotel segment saw an increase in revenue by 84% to HKD 129 million due to an expansion of the hotel portfolio [1] - After accounting for depreciation, the operating loss increased to HKD 34 million [1] Profitability Metrics - Shareholders' basic net profit decreased by 9% to HKD 1.587 billion, primarily due to lower rental operating profit and increased financial expenses [1] - Basic earnings per share fell to HKD 0.33 [1] - After considering a net revaluation loss of HKD 675 million on properties attributable to shareholders, the company recorded a net profit attributable to shareholders of HKD 912 million, with corresponding earnings per share of HKD 0.19 [1]