智通财经网·2026-02-02 06:52Core Viewpoint - CICC reports that Hang Lung Properties (00101) announced its performance for the previous year, with revenue of HKD 9.95 billion, a year-on-year decrease of 11.5%, primarily affected by fluctuations in property sales [1] Financial Performance - Rental business revenue decreased by 1% year-on-year [1] - Shareholders' basic net profit reached HKD 3.2 billion, an increase of 3.5% year-on-year, slightly above market expectations, driven by reduced losses in property sales and a narrowing decline in rental income [1] - Final dividend of HKD 0.40 (total annual dividend of HKD 0.52) corresponds to a dividend yield of 5.5%, in line with market expectations [1] Market Outlook - CICC notes that retail sales in mainland shopping malls were generally flat year-on-year in January [1] - For the year ahead, management anticipates a stable and moderate recovery in luxury goods, while non-luxury and dining experiences are expected to maintain good momentum, projecting single-digit growth in retail sales for mainland shopping malls [1] Earnings Forecast - Based on adjustments to property sales settlement progress and interest expenses, CICC raised the group's earnings forecast for this year and next year by 5% and 8% to HKD 3.2 billion and HKD 3.29 billion, respectively, with year-on-year growth expected to be flat and 3% [1]