投资物业

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达力集团(00029.HK)年度总收入6495.2万港元 同比减少约9%
Ge Long Hui· 2025-09-26 14:00
格隆汇9月26日丨达力集团(00029.HK)公告,截至2025年6月30日止年度内,集团录得总收入为港币 6495.2万元,而毛利为港币4136.2万元,同比分别减少收入约9%及毛利约8%。而毛利率约为64%(2024 年:63%)。此业绩主要源于年内集团在中国大陆投资物业以人民币结算减少租金收入。包括投资物业 公平价值的非现金减少及相关递延税项的影响后,集团录得公司股东于年内应占亏损为港币6259.4万元 (2024年:溢利港币53.5亿元),而每股基本亏损为港币26.30仙(2024年:每股基本盈利港币22.52元)。每 股盈利于这两年度大幅减少主要是由于上述于去年度一次性公平值收益及相关税项影响所致。倘不计入 该一次性收益及相关税务影响,集团去年录得每股基本亏损为港币7.38仙。 ...
时代集团控股(01023)发盈警 预计年度股东应占亏损约1.7亿至1.9亿港元
智通财经网· 2025-09-19 12:10
Core Viewpoint - The company anticipates a significant loss for the fiscal year ending June 30, 2025, with expected losses between approximately HKD 170 million and HKD 190 million, contrasting with a profit of about HKD 102 million for the same period in 2024 [1] Group 1: Financial Performance - The manufacturing segment is expected to see a decrease in revenue compared to approximately HKD 1.066 billion in 2024, with anticipated pre-tax losses for the fiscal year ending June 30, 2025, compared to a pre-tax profit of about HKD 110 million in 2024 [1] - The retail segment is projected to increase revenue compared to approximately HKD 528 million in 2024, but is expected to incur pre-tax losses due to a one-time significant loss of about HKD 83.568 million from the termination of the Cole Haan business [2] - The property investment segment is expected to see a decrease in revenue compared to approximately HKD 12.399 million in 2024, with anticipated pre-tax losses increasing compared to a pre-tax loss of about HKD 3.359 million in 2024, primarily due to a significant non-cash fair value reduction of between HKD 105 million and HKD 115 million [2] Group 2: Business Operations - The anticipated losses are attributed to a non-cash fair value revaluation decrease related to investment properties and significant one-time losses from the termination of the Cole Haan business [1][2] - The company maintains its dividend policy despite the expected losses for the fiscal year ending June 30, 2025 [3]
金粤控股发盈警 预期年度取得亏损同比扩大至不多于1.05亿港元
Zhi Tong Cai Jing· 2025-09-16 09:46
Core Viewpoint - King Yuan Holdings (00070) anticipates a loss of no more than HKD 105 million for the fiscal year ending June 30, 2025, compared to a loss of approximately HKD 49 million for the fiscal year ending June 30, 2024, indicating an increase in losses by no more than HKD 56 million [1] Summary by Relevant Categories Financial Performance - The projected loss for the fiscal year 2025 is primarily attributed to: - An increase in impairment losses on properties (classified as property, plant, and equipment) by approximately HKD 45 million compared to fiscal year 2024 [1] - An increase in fair value losses on investment properties by approximately HKD 10 million compared to fiscal year 2024 [1] - An increase in impairment provisions and write-offs on receivables by approximately HKD 3 million compared to fiscal year 2024 [1] - These losses are partially offset by a gain of approximately HKD 2 million recognized from the sale of a subsidiary in fiscal year 2025 [1] Accounting Treatment - The impairment losses, fair value losses, impairment provisions, and sale gains are all classified as non-cash accounting items under Hong Kong Financial Reporting Standards, meaning they do not impact the company's operating cash flow [1]
大悦城(000031):2022中报点评:收入下降,毛利率提升助推业绩扭亏
Changjiang Securities· 2025-09-05 10:44
Investment Rating - The report maintains an "Accumulate" rating for the company [8][9]. Core Views - The company achieved a turnaround in performance due to the recognition of high-margin projects, although ongoing efforts are needed for operational and performance improvement. The company has a relatively ample land reserve, which could support future sales if demand recovers. The self-owned business demonstrates operational resilience, providing stable cash flow from rental income. The listing of Huaxia Dayuecheng Commercial REIT facilitates a cycle of investment, financing, construction, management, and exit for commercial assets, accelerating the implementation of a light asset strategy. However, in the context of industry sales pressure, further efforts are required for operational and performance improvement [2][8]. Summary by Sections Financial Performance - In the first half of 2025, the company reported operating revenue of 15.23 billion yuan, a decrease of 5.3%. The net profit attributable to shareholders was 110 million yuan, compared to a loss of 360 million yuan in the same period last year. The overall gross margin increased by 13.8 percentage points to 36.3% [6][13]. Sales and Land Reserves - The company's sales amounted to 8.64 billion yuan, down 60.4%, with a sales area of 479,000 square meters, a decrease of 43.6%. The average selling price was 18,038 yuan per square meter, down 29.7%. The company did not acquire new land in the first half of 2025, and the total saleable land reserve was approximately 110.5 billion yuan, down 17.0% [13]. Commercial Operations - The company's investment property revenue was 2.56 billion yuan, a decrease of 1.7%, with a gross margin of 59.4%, down 2.5 percentage points. The commercial business showed stable development, with shopping center sales of approximately 22 billion yuan, an increase of 12.2%, and a foot traffic of 200 million visitors, up 19.6% [13].
富力地产发布中期业绩 股东应占亏损40.46亿元 同比扩大73.6%
Zhi Tong Cai Jing· 2025-08-27 14:17
Core Viewpoint - R&F Properties (02777) reported a significant decline in its mid-year performance for 2025, with a total revenue of RMB 5.765 billion, representing a year-on-year decrease of 59.43% [1] Revenue Breakdown - The company's revenue primarily comes from property development, rental income from investment properties, and hotel operations [1] - Revenue from property development fell by 60% year-on-year to RMB 4.165 billion, based on the delivery of 461,000 square meters of properties, a decrease of approximately 48% compared to 887,900 square meters delivered in the same period last year [1] - The average selling price during the period was approximately RMB 9,000 per square meter, down from RMB 11,800 per square meter in the first half of 2024 [1] Rental and Hotel Operations - Rental income from investment properties decreased by 26% to RMB 313 million, down from RMB 425 million in the first half of 2024 [1] - Hotel operating revenue plummeted by 70% to RMB 827 million, compared to RMB 2.762 billion in the same period last year, primarily due to the cancellation of confirmations related to a subsidiary in September 2024 [1]
永利地产发展发布中期业绩,净亏损1.65亿港元,同比扩大169.9%
Zhi Tong Cai Jing· 2025-08-22 13:58
Core Viewpoint - Wynn Development (00864) reported a significant decline in revenue and an increase in net loss for the six months ending June 30, 2025, indicating challenges in its operational performance [1] Financial Performance - Revenue for the period was HKD 11.453 million, a year-on-year decrease of 14.4% [1] - The net loss expanded to HKD 165 million, representing a year-on-year increase of 169.9% [1] - Basic loss per share was HKD 0.4283 [1] Rental Income - The group's revenue primarily came from total rental income from investment properties, which decreased due to more rental concessions offered to tenants compared to 2024 [1] - As of June 30, 2025, 82.8% of the group's investment properties were leased [1]
永利地产发展(00864)发布中期业绩,净亏损1.65亿港元,同比扩大169.9%
智通财经网· 2025-08-22 13:57
集团于本期间的收益主要是来自集团投资物业的总租金收入,同比减少主要是由于与2024年相比,本期 间向租户提供更多租金优惠。集团82.8%的投资物业于2025年6月30日已出租。 智通财经APP讯,永利地产发展(00864)发布截至2025年6月30日止六个月业绩,收益1145.3万港元,同 比下降14.4%;净亏损1.65亿港元,同比扩大169.9%;每股基本亏损42.83港仙。 ...
太和控股发盈警 预期上半年除税前亏损减少至约2亿至2.4亿港元
Zhi Tong Cai Jing· 2025-08-22 10:19
Core Viewpoint - Taihe Holdings (00718) anticipates a significant pre-tax loss of approximately HKD 200 million to HKD 240 million in the first half of 2025, following an unaudited pre-tax loss of about HKD 275 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The company expects a pre-tax loss of around HKD 200 million to HKD 240 million for the first half of 2025 [1] - For the six months ending June 30, 2024, the company reported an unaudited pre-tax loss of approximately HKD 275 million [1] Reasons for Loss - The anticipated pre-tax loss is primarily attributed to a decrease in the fair value of investment properties in China [1] - Provisions for losses related to financial guarantee contracts signed with domestic banks for non-group company bank borrowings [1] - Financial costs associated with bank loans linked to the acquisition of a shopping center in Guangzhou [1]
长城环亚控股(00583)发盈警 预计中期股东应占综合亏损约2.66亿至2.94亿港元
智通财经网· 2025-08-21 09:49
Core Viewpoint - Great Wall Pan-Asia Holdings (00583) anticipates a significant shift from profit to loss for the six months ending June 30, 2025, primarily due to substantial losses in property valuations and share of losses from an associate company [1][2] Group 1: Financial Performance - The company expects an unaudited consolidated loss attributable to shareholders of approximately HKD 266 million to HKD 294 million, with an unaudited basic loss per share ranging from approximately HKD 0.1697 to HKD 0.1876 [1] - In contrast, for the six months ending June 30, 2024, the company reported an unaudited consolidated profit attributable to shareholders of HKD 4.52 million and an unaudited basic earnings per share of HKD 0.0029 [1] Group 2: Reasons for Loss - The anticipated loss is primarily attributed to a projected fair value loss of approximately HKD 87 million to HKD 91 million on investment properties, compared to a fair value gain of approximately HKD 79 million for the same period in 2024 [1] - Additionally, the company expects to share losses from an associate company amounting to approximately HKD 69 million to HKD 72 million, contrasting with a profit share of approximately HKD 65 million for the six months ending June 30, 2024, due to fair value losses and increased financial costs [1] Group 3: Market Conditions - The ongoing downturn in the Hong Kong real estate market has negatively impacted the valuation of the company's and its associates' investment properties, which are primarily composed of commercial properties [2] - Despite these valuation challenges, the company maintains that the fair value gains/losses are non-cash in nature and that its investment properties are long-term investments aimed at generating stable and recurring rental income and investment returns, indicating that the overall financial and business condition remains robust [2]
长城环亚控股发盈警 预计中期股东应占综合亏损约2.66亿至2.94亿港元
Zhi Tong Cai Jing· 2025-08-21 09:49
Core Viewpoint - Great Wall Holdings (00583) anticipates a significant shift from profit to loss for the six months ending June 30, 2025, primarily due to declines in property valuations and losses from an associated company [1][2] Financial Performance - The company expects an unaudited consolidated loss attributable to shareholders of approximately HKD 266 million to HKD 294 million, with an unaudited basic loss per share ranging from approximately HKD 0.1697 to HKD 0.1876 for the upcoming reporting period [1] - In contrast, for the six months ending June 30, 2024, the company reported an unaudited consolidated profit of HKD 4.52 million and an unaudited basic earnings per share of HKD 0.0029 [1] Reasons for Loss - The anticipated loss is primarily attributed to: - Expected fair value losses on investment properties of approximately HKD 87 million to HKD 91 million for the upcoming period, compared to a fair value gain of approximately HKD 79 million for the same period in 2024 [1] - Expected losses from an associated company amounting to approximately HKD 69 million to HKD 72 million, contrasting with a profit of approximately HKD 65 million from the same company in the previous period, driven by fair value losses and increased financial costs [1] Market Conditions - The ongoing downturn in the Hong Kong real estate market has negatively impacted the valuation of the company's investment properties, which are primarily composed of commercial properties [2] - Despite these challenges, the company maintains that the fair value gains/losses are non-cash in nature and that its investment properties and associated investments are long-term projects aimed at generating stable and recurring rental income and investment returns, indicating that the overall financial and business condition remains robust [2]