Core Viewpoint - The company reported a significant increase in revenue and profit for the first half of 2025, driven by property sales and project deliveries, despite facing some impairment losses in its property portfolio [1] Financial Performance - The company achieved a revenue of HKD 5.752 billion, representing a year-on-year increase of 105.14% [1] - The profit attributable to shareholders was HKD 282 million, a turnaround from a loss of HKD 217 million in the same period last year [1] - Basic earnings per share were HKD 0.1648 [1] Key Factors Influencing Performance - The revenue increase was primarily due to a higher total floor area sold from properties held for sale [1] - Major projects contributing to performance included Guangzhou Yuehai Yun Port City, Huizhou Yuehai Yigui Mansion, and Shenzhen Yuehai City (North Plot) [1] - The Guangzhou Yuehai Yun Port City project had a higher gross profit margin, leading to increased property sales profit compared to the same period in 2024 [1] Impairment and Valuation Losses - The company recognized an inventory impairment provision of approximately HKD 768 million during the review period, compared to none in the same period of 2024 [1] - The company recorded a fair value loss on investment properties of approximately HKD 98.81 million (net of related deferred tax expenses), contrasting with a gain of approximately HKD 1.4 million in the same period last year [1]

影响集团截至2025年6月30日止六个月业绩的主要因素包括：(a)集团于回顾期内交付的物业主要是广州• 粤海云港城项目、惠州•粤海壹桂府项目及深圳•粤海城(北地块)项目；其中广州•粤海云港城项目的毛利 率较高，带动物业销售溢利较2024年同期有所增加；(b)受最新房地产市场环境影响，基于集团部份物 业项目存在减值迹象，集团于回顾期内计提了存货减值拨备约7.68亿港元(2024年6月30日止六个月： 无)；及(c)集团于回顾期内录得投资物业公允值亏损(扣除相关递延税项支出)约9,881万港元(2024年6月 30日止六个月：收益约14万港元)。 格隆汇8月25日丨粤海置地(00124.HK)公布中期业绩，2025年上半年，集团综合收入约57.52亿港元，较 上年同期增加约105.1%。收入增加主要因来自销售持有待售物业的总楼面面积增加。录得归属于公司 持有者溢利2.82亿港元，2024年6月30日止六个月亏损2.17亿港元。 ...

Core Viewpoint - The company, Yuehai Property (00124), has announced a positive earnings forecast, expecting a profit of at least HKD 260 million for the six months ending June 30, 2025, compared to a loss of approximately HKD 217 million in the same period of 2024 [1] Group 1: Earnings Forecast - The expected profit of at least HKD 260 million marks a significant turnaround from the previous year's loss [1] - The company’s stock price increased by nearly 8% following the earnings announcement, reaching HKD 0.275 with a trading volume of HKD 6.3213 million [1] Group 2: Factors Influencing Performance - Key projects contributing to the expected performance include Guangzhou Yuehai Yun Port City, Huizhou Yuehai Yigui Mansion, and Shenzhen Yuehai City (North Plot), with the Guangzhou project having a higher gross margin [1] - The company has recognized impairment provisions for certain property projects due to signs of impairment in the current real estate market environment [1] - There was a fair value loss on investment properties during the review period, contrasting with a fair value gain in the same period of 2024 [1]

Core Viewpoint - The company, Yuehai Property (00124), anticipates an unaudited profit attributable to shareholders of no less than HKD 260 million for the six months ending June 30, 2025, a significant recovery from an unaudited loss of approximately HKD 217 million in the same period of 2024 [1] Group 1: Performance Expectations - The expected performance improvement is primarily driven by the delivery of properties, including the Guangzhou Yuehai Yun Port City project, Huizhou Yuehai Yigui Mansion project, and Shenzhen Yuehai City (North Plot) project [1] - The Guangzhou Yuehai Yun Port City project has a higher gross profit margin, contributing to an increase in property sales profit compared to the same period in 2024 [1] Group 2: Impairment and Valuation Losses - The company has recognized inventory impairment provisions during the review period due to indications of impairment in some property projects, influenced by the latest real estate market conditions [1] - The company recorded a fair value loss on investment properties during the review period, contrasting with a fair value gain on investment properties in the same period of 2024 [1]

Core Viewpoint - The company, Yuehai Property (00124.HK), anticipates a profit of no less than HKD 260 million for the six months ending June 30, 2025, compared to a loss of approximately HKD 217 million for the same period in 2024 [1] Group 1: Expected Performance - The expected performance for the six months ending June 30, 2025, is significantly improved due to the delivery of properties such as Guangzhou Yuehai Yun Port City, Huizhou Yuehai Yigui Mansion, and Shenzhen Yuehai City (North Plot) [1] - The gross profit margin of the Guangzhou Yuehai Yun Port City project is notably high, contributing to an increase in property sales profit compared to the same period in 2024 [1] Group 2: Factors Affecting Performance - The company has recognized impairment indicators for some property projects due to the latest real estate market conditions, leading to the provision for inventory impairment during the review period [1] - The company recorded a fair value loss on investment properties during the review period, contrasting with a fair value gain on investment properties in the same period of 2024 [1]