香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全 部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) 公告 與香港太古集團進行的持續關連交易 謹此提述公司二零零四年十二月一日、二零零七年十月一日、二零一零年十月 一日、二零一三年十一月十四日、二零一六年八月十九日、二零一九年八月九 日及二零二二年八月十一日的公告，該等公告是有關公司及太古公司集團旗下 若干成員與香港太古集團於二零零四年十二月一日訂立的服務協議。服務協議 將於二零二五年十月一日續期，以延長協議期限三年，自二零二六年一月一日 至二零二八年十二月三十一日。由於香港太古集團為公司的關連人士，因此根 據上市規則第 14A.31 條，按照服務協議進行的交易構成公司的持續關連交易， 須符合上市規則第 14A 章的申報、年度審核及公告規定。 服務協議於二零零四年十二月一日或其後訂立，於二零零八年九月十八日修訂 及重列，並於 ...

Core Viewpoint - Swire Properties announced that its Executive Director and Chief Financial Officer, Long Yan, plans to resign in May 2026, with current Group Financial Director of Hong Kong Aircraft Engineering Company, Shi Shihua, set to succeed him [1] Company Leadership Changes - Long Yan will step down as Executive Director and CFO of Swire Properties in May 2026 [1] - Shi Shihua, currently the Group Financial Director at Hong Kong Aircraft Engineering Company, will take over the CFO role upon Long Yan's departure [1] Background of Successor - Shi Shihua, aged 49, joined Swire Group in 2015 and has held senior financial positions in the shipping and marine services sectors in Singapore and the UK [1] - He was appointed Group Financial Director of Hong Kong Aircraft Engineering Company in August 2021, overseeing financial, procurement, and legal matters [1] - Prior to joining Swire Group, Shi held various financial roles in the oil and gas industry across the UK, Netherlands, and UAE [1]

Financial Performance Highlights - Swire Pacific's underlying profit decreased by 2% to HK$5476 million in 1H2025, compared to HK$5576 million in 1H2024 [24, 34] - Recurring underlying profit decreased slightly by 1% to HK$4712 million in 1H2025 from HK$4762 million in 1H2024 [24, 34] - Ordinary dividend per 'A' share increased by 4% to HK$130 [24, 31, 34] - Revenue increased by 16% to HK$45774 million in 1H2025 from HK$39563 million in 1H2024 [34] Business Segment Performance - Property division's underlying profit increased by 15% to HK$4406 million [56] - Beverages division's attributable profit decreased by 9% to HK$803 million [89] - Aviation division (Cathay group) attributable profit increased by 1% to HK$1642 million [38, 98] - HAECO group recurring profit increased significantly by 40% to HK$561 million [30, 98, 118] Property Investment and Development - 67% committed in HK$100 billion investment plan [22, 58] - Completed the sale of interests in Brickell City Centre retail and parking spaces, as well as the adjacent sites, in Miami, USA [22] - Chinese Mainland portfolio contributed 42% attributable gross rental income in 1H2025 [71, 73] Beverages - Swire Coca-Cola - Revenue increased by 25% to HK$22188 million [89] - EBITDA margin remained almost flat at 128% [89, 91] - Inaugurated a new US$136 million flagship plant in Tay Ninh, Vietnam [78] Aviation - Cathay Pacific and HAECO - Cathay group reported a group profit of HK$43 billion [101] - HAECO group achieved a 40% growth in recurring profit [30, 98, 118]

Core Viewpoint - Morgan Stanley's report indicates that Swire Properties (00019) increased its interim ordinary share dividend by 4% year-on-year to HKD 1.3, aligning with the bank's expectations, making it one of the few companies in its coverage to raise dividends [1] Financial Performance - Swire Properties' recurring underlying profit was HKD 4.7 billion, reflecting a 1% year-on-year decline, which was below Morgan Stanley's estimates due to lower operating profit margins from intellectual property and reduced contributions from joint ventures and associates [1] Investment Rating - Morgan Stanley maintains a "Market Perform" rating on Swire Properties with a target price of HKD 71, suggesting that the current price corresponds to a projected price-to-earnings ratio of 9 times for 2025, with a dividend yield of 5.2% [1]

Core Viewpoint - Morgan Stanley reports that Swire Properties (00019) increased its interim ordinary share dividend by 4% year-on-year to HKD 1.3, aligning with the bank's expectations, making it one of the few companies under its coverage to raise dividends [1] Financial Performance - Swire Properties' recurring underlying profit was HKD 4.7 billion, reflecting a 1% year-on-year decline, which was below Morgan Stanley's estimates due to lower operating margins in intellectual property and reduced contributions from associates and joint ventures [1] Investment Rating - Morgan Stanley maintains a "Market Perform" rating for Swire Properties with a target price of HKD 71, suggesting that the current price corresponds to a projected price-to-earnings ratio of 9 times for 2025, with a dividend yield of 5.2% [1]

Group 1 - The company Swire Properties Limited (00019) announced a mid-term dividend of HKD 1.3 per share to be distributed on October 10, 2025 [1]

Core Viewpoint - Swire Properties reported a revenue of HKD 45.774 billion for the six months ending June 30, 2025, representing a year-on-year increase of 16%. However, the attributable profit to shareholders decreased by 79% to HKD 0.815 billion [1] Financial Performance - The basic attributable profit for the first half of 2025 was HKD 5.476 billion, compared to HKD 5.576 billion in the same period of 2024 [1] - Excluding significant non-recurring items, the recurring basic profit for the first half of 2025 was HKD 4.712 billion, slightly down from HKD 4.762 billion in 2024 [1] Property Valuation - The fair value loss on investment properties increased significantly, amounting to HKD 4.664 billion in the first half of 2025, compared to HKD 0.877 billion in the same period of 2024. This fair value change is non-cash in nature and does not impact cash flow or basic profit attributable to shareholders [1] Share Buyback - The company repurchased 25.119 million A shares and 15.402 million B shares during the first half of 2025, with a total cash consideration of HKD 1.842 billion. The average purchase price was HKD 66.8 per A share and HKD 10.7 per B share. The total planned share buyback amounts to HKD 5.9 billion [1]

8月7日午间，太古地产公布2025年中期业绩。2025年上半年，公司收入为87.23亿港元，同比增长 20%；股东应占呈报亏损为12.02亿港元，上年同期盈利17.96亿港元；拟派中期股息每股0.35港元。 ...

Group 1 - The core revenue of Swire Pacific Limited (00019) and Swire Properties Limited (00087) for the first half of 2025 reached HKD 45.774 billion, representing a year-on-year increase of 16% [1] - The profit attributable to shareholders decreased by 79% to HKD 815 million [1] - The interim dividend declared is HKD 1.3 per share for 'A' shares and HKD 0.26 per share for 'B' shares [1] Group 2 - The overall business performance in the first half of the year was robust, with the aviation sector showing strong results, particularly from Cathay Pacific Group and Hong Kong Aircraft Engineering Company [1] - The real estate sector performed strongly in terms of underlying profit, benefiting from the recent sale of retail and parking operations at Brickell City Centre in Miami [1] - The beverage sector remained stable but faced several challenges amid the current economic downturn [1] Group 3 - In the first half of 2025, the company continued to advance strategic plans across its core markets in Hong Kong, mainland China, and Southeast Asia [2] - Swire Properties is progressing well with its HKD 100 billion investment plan, with 67% of the funds already deployed [2] - Despite a soft office market in Hong Kong, there is a strong trend among potential tenants towards high-quality office spaces, favoring newly built Grade A offices [2]

Group 1 - The core revenue for Swire Properties in the first half of 2025 was HKD 45.774 billion, representing a 16% year-on-year increase [1] - The company's attributable profit to shareholders decreased by 79% to HKD 0.815 billion [1] - The proposed interim dividend is HKD 1.03 per 'A' share and HKD 0.26 per 'B' share [1] Group 2 - The overall business performance of the group remained robust in the first six months of the year, with strong results from the aviation sector and the Hong Kong Aircraft Engineering Company [1] - The real estate sector showed strong performance in terms of basic profit, benefiting from the recent sale of the Brickell City Centre retail and parking business in Miami [1] - The beverage sector faced challenges despite stable performance amid current economic adversities [1] Group 3 - The fair value loss of investment properties increased significantly to HKD 4.664 billion in the first half of 2025, compared to HKD 0.877 billion in the same period of 2024 [1] - The fair value changes of investment properties are non-cash in nature, thus not impacting cash flow or basic profit attributable to shareholders [1] Group 4 - The group continued to advance strategic plans in core markets including Hong Kong, mainland China, and Southeast Asia [2] - Swire Properties is progressing well with its HKD 100 billion investment plan, with 67% of the funds already deployed [2] - The focus remains on expanding in the three core markets despite a soft office market in Hong Kong, with strong demand for quality office spaces [2]