希慎兴业发布年度业绩 营业额34.64亿港元同比增加1.6%

Core Viewpoint - Hysan Development Company Limited (00014) reported its annual performance for the year ending December 31, 2025, showing a revenue of HKD 3.464 billion, a year-on-year increase of 1.6%, while recurring core profit decreased by 1.9% to HKD 1.918 billion. However, the basic profit increased by 28.3% to HKD 2.51 billion, driven by fair value gains from the sale of residential units at Bamboo Grove [4]. Revenue Performance - The company's revenue grew by 1.6% year-on-year, reaching HKD 3.464 billion [4]. - The retail business saw a revenue increase of 2.6% year-on-year, benefiting from the entry and expansion of luxury brand flagship stores, with tenant sales recording double-digit year-on-year growth in the second half of 2025 [4]. Profitability - Recurring core profit decreased by 1.9% to HKD 1.918 billion [4]. - Basic profit increased by 28.3% to HKD 2.51 billion, attributed to fair value gains from the sale of residential units [4]. - Earnings per share stood at HKD 0.31 [4]. Office and Leasing Performance - The office business revenue remained stable despite challenges in the Hong Kong office leasing market, with the occupancy rate increasing from 90% to 94%, mitigating downward pressure on renewal rental levels [4]. Capital Management - The company initiated an HKD 8 billion five-year capital recycling plan to enhance financial health and long-term value, achieving 26% of its capital recycling target and collecting HKD 2.1 billion within 2025 [4].