Xin Lang Cai Jing·2026-02-23 15:18Core Viewpoint - The company reported a 13% increase in net profit attributable to shareholders, reaching HKD 2.0265 billion for the six months ending December 31, 2025, primarily due to strong operational performance across all divisions [1] Financial Performance - The basic earnings per share increased to HKD 6.23 from HKD 5.50 in the same period last year [1] - The pre-tax profits for the self-operated investment, property development and investment, and financial services divisions were HKD 1.2621 billion, HKD 572.5 million, and HKD 822.7 million, respectively [1] - The hotel and leisure division reported a pre-tax profit of HKD 800.4 million, while other divisions recorded a pre-tax profit of HKD 54.3 million before impairment provisions [1] - Total revenue decreased by 7% to HKD 11.7 billion, mainly due to a HKD 1.2 billion revenue drop in the property development and investment division, attributed to the timing of revenue recognition for a residential project in Singapore [1] - The decline in revenue was partially offset by a HKD 500 million increase in revenue from the hotel and leisure division due to ongoing business growth [1] Balance Sheet and Debt - As of December 31, 2025, the total equity attributable to shareholders was HKD 70 billion, with net debt amounting to HKD 7.9 billion [2] - The equity-to-debt ratio stood at 90:10 as of December 31, 2025 [2] - The total amount of bank loans and other borrowings was HKD 31.8 billion, primarily denominated in Singapore dollars (79%), Chinese yuan (9%), Hong Kong dollars (6%), and Malaysian ringgit (2%) [2] - Cash and short-term funds, along with trading financial assets, were mainly held in US dollars (42%), Hong Kong dollars (20%), Singapore dollars (14%), euros (6%), British pounds (5%), and Chinese yuan (4%) [2] - The company has HKD 7 billion in borrowings due within one year or on demand [2]