智通财经网·2025-08-20 09:57Core Viewpoint - 恒基地产 reported a decline in revenue and profit for the first half of 2025, indicating challenges in the property development sector and rental income generation [1] Financial Performance - Revenue for the first half of 2025 was HKD 95.52 billion, a decrease of 18.8% year-on-year [1] - Shareholder profit was HKD 29.08 billion, down 8.4% compared to the previous year [1] - Basic earnings per share were HKD 0.60, with an interim dividend proposed at HKD 0.5 per share [1] Property Development - The attributable revenue from local property development was approximately HKD 38.12 billion, a reduction of 22% year-on-year [1] - The attributable pre-tax profit from local property development was about HKD 3.1 billion, significantly lower than HKD 14.99 billion in 2024 [1] - The decline in profit was primarily due to a one-time gain of approximately HKD 10.55 billion from land recovery by the government in the previous year [1] Rental Income - Total attributable rental income from local operations slightly increased to HKD 34.11 billion, compared to the same period last year [1] - Attributable pre-tax rental net income decreased by 1% to HKD 24.83 billion year-on-year [1] - The contribution from the International Financial Centre project, in which the company holds a 40.77% stake, saw a 2% decline in rental income to HKD 8.03 billion [1]