Xin Lang Cai Jing·2025-08-27 13:02Core Viewpoint - The company reported a stable financial performance for the fiscal year 2024/25, with a focus on maintaining dividends and expanding its property portfolio despite external challenges in the market [3][4][6]. Financial Performance - The group's underlying profit attributable to shareholders was HKD 5.118 billion, with a basic earnings per share of HKD 0.58. After accounting for investment property revaluation losses, the net profit attributable to shareholders was HKD 4.019 billion, with earnings per share of HKD 0.45 [3]. - The board proposed a final dividend of HKD 0.43 per share, maintaining the same level as the previous year, resulting in a total annual dividend of HKD 0.58 per share [3]. Property Sales - The company achieved property sales revenue of HKD 10.813 billion, a 21.6% increase from HKD 8.893 billion in the previous year. Several residential projects are set to launch in the 2025/26 fiscal year, including developments in Yau Tong and Yuen Long [4]. - Following the fiscal year-end, the company launched new projects in Yuen Long and Tseung Kwan O, with strong sales responses, selling over 145 and 630 units respectively [4]. Investment Properties and Hotel Business - Total rental income for the year was HKD 3.486 billion, a slight decrease of 1.8% due to challenges in the retail and office markets. However, residential property occupancy rates increased to 90.7%, up 3.9 percentage points year-on-year [6]. - The hotel business benefited from the recovery of tourism, with nearly 47 million visitors recorded, leading to stable operating income of HKD 1.506 billion and operating profit of HKD 0.475 billion [6]. Sustainable Development - The company has been recognized for its sustainable development efforts, being included in the "World's Most Sustainable Companies" list by Time magazine and Statista for two consecutive years, as well as being part of the FTSE4Good Index series and achieving an "A" rating from CDP [6]. Leadership Transition - The chairman announced plans to step down on August 31, 2025, with the board nominating Mr. Daryl Ng to succeed him, indicating a commitment to continued collaboration for the company's future growth [7].