智通财经网·2025-07-30 05:03Group 1: Financial Performance - The company reported a revenue of HKD 5.202 billion for the first half of 2025, representing a year-on-year decrease of 18.45% [1] - Shareholders' net profit was HKD 697 million, down 21.51% compared to the previous year [1] - Earnings per share based on shareholders' net profit stood at HKD 0.51 [1] Group 2: Business Development Initiatives - The company is actively developing investment projects, including the second phase of Wuxi Hang Lung Plaza, Hangzhou Hang Lung Plaza, Shanghai Hang Lung Plaza expansion, and a new co-working space project in Hong Kong called NET•WORK [1] - To celebrate its 65th anniversary, the company organized a series of marketing activities nationwide, which successfully increased customer traffic and strengthened customer relationships [1] - The company anticipates that these initiatives will further improve revenue and enhance brand loyalty [1] Group 3: Market Conditions and Challenges - The overall income from the shopping mall portfolio remained stable, despite a cautious trend in high-end consumer spending [1] - Targeted marketing projects were launched to attract different customer segments, resulting in revenue growth for most shopping malls, except for Tianjin, Wuhan, and Shenyang Hang Lung Plazas, which experienced rental declines due to competitive pricing and promotional efforts from peers [1] - The office leasing market continues to struggle due to economic uncertainty, with overall income declining by 4% to RMB 638 million, primarily affected by a 77% drop in income from Shanghai Hang Lung Plaza's Grade A office space [2] - The decline in Grade A office income is attributed to tenant relocations, changes in demand patterns, and cost-effectiveness considerations [2] - Despite multiple market pressures, the company has maintained high levels of property management services and actively retained quality tenants [2]