智通财经网·2026-03-23 10:17Core Viewpoint - The company reported a slight increase in revenue for the fiscal year 2025, but a significant decrease in profit attributable to shareholders, primarily due to lower land sale gains compared to the previous year [1]. Group 1: Financial Performance - The company achieved a revenue of HKD 25.741 billion, representing a year-on-year increase of 1.92% [1]. - Profit attributable to shareholders was HKD 5.653 billion, a decrease of 10.21% compared to the previous year [1]. - Basic earnings per share were HKD 1.17, with a proposed final dividend of HKD 0.76 per share [1]. Group 2: Land and Property Development - The decrease in basic earnings was mainly due to last year's significant land sales and property disposals, which contributed HKD 47.68 billion in gains, compared to only HKD 5.99 billion this year [1]. - The company successfully launched several high-end residential projects, including "天御" in Mid-Levels and multiple waterfront projects in Kai Tak [1]. - The total contract sales in Hong Kong reached approximately HKD 19.271 billion, an increase of 71% year-on-year [1]. Group 3: Future Sales and Land Holdings - As of December 2025, the unrecognized contract sales amounted to approximately HKD 10.926 billion, with about HKD 8.846 billion expected to be recognized in 2026 upon property completion [2]. - The company acquired approximately 570,000 square feet of new territory land during the year [2]. - The company holds a total land reserve of approximately 40.5 million square feet in the New Territories, maintaining its position as the developer with the largest land holdings in this area [2].