HYSAN DEV(HK:00014) Jin Rong Jie·2025-08-14 05:10Core Viewpoint - Hysan Development Company Limited (00014.HK) reported a revenue of HKD 1.73 billion for the six months ending June 30, 2025, representing a year-on-year increase of 2.2%. However, the profit attributable to shareholders decreased by 82.4% to HKD 75 million, while recurring basic profit increased by 1.2% to HKD 1.031 billion, with basic earnings per share at HKD 0.07. The company maintained an interim dividend of HKD 0.27 per share [1]. Revenue and Profit Performance - The revenue and recurring basic profit grew by 2.2% and 1.2% year-on-year, respectively, primarily due to the robust performance of core business segments [1]. - The resilience of the Hong Kong retail business contributed to the revenue growth, supported by portfolio optimization and improved sales performance [1]. Rental and Occupancy Rates - The office rental rate improved from 90% to 92%, which helped mitigate the impact of rental reductions [1]. - Strong expansion in Shanghai and the recovery of the rental rate at Zhulin Garden since last year also contributed to the overall revenue and profit growth during the period [1]. Operational Adjustments - Approximately 4% of the retail space was closed due to significant optimization works in the Lee Garden area, and the corresponding impact has been reflected in the group's retail revenue [1].