截至2025年9月30日止过去6个月，本集团收入达4.47亿港元，较去年同期3.229亿港元增加约38.4%。更 重要的是，我们将去年同期的亏损120万港元扭转为核心溢利1530万港元。此强劲表现并非偶然，而是 源于纪律严明的执行力，以及广州住宅项目"港汇台"在重重挑战的物业市场中仍取得优异的销售业绩。 建业实业(00216)发布2025-26中期业绩，该集团取得收入4.47亿港元，同比增加38.43%;公司拥有人应占 亏损2.3亿港元，同比增加232%;每股亏损0.417港元。 ...

Core Viewpoint - Han Guo Properties (00160) reported a mid-term performance for 2025-26, showing a revenue of HKD 438 million, a year-on-year increase of 38.49%, but a significant shareholder loss of HKD 227 million, expanding by 480.81% compared to the previous year [1] Group 1: Financial Performance - The company's revenue reached HKD 438 million, reflecting a growth of 38.49% year-on-year [1] - Shareholder loss amounted to HKD 227 million, which is an increase of 480.81% year-on-year [1] - Earnings per share reported a loss of HKD 0.32 [1] Group 2: Business Operations - The commercial and retail leasing portfolio in mainland China, particularly in Shenzhen, Guangzhou, and Chongqing, remained stable [1] - The HONKWORK shared office space and HonLink leasing plan are attracting tenants with flexible, efficient, and sustainable solutions [1] - The Hong Kong operations, including the Jordan Centre and fully leased data center, continue to provide stable income, reinforcing the recurring revenue base [1] Group 3: Sales and Revenue Sources - Residential sales led by "Port Exchange" contributed an operating profit of HKD 56.6 million, indicating robust sales performance [1] - The retail space "Tongqingfang" performed well due to its carefully selected tenant mix, aligning with local demand, demonstrating the continued consumer preference for mixed-use concepts [1] Group 4: Hotel Performance - The Japanese hotel portfolio showed strong performance, with high occupancy rates and room prices in Tokyo and Osaka, validating the company's long-term investment strategy in the region [1] - The Bao Xuan Hotel (Central) is expected to reopen in January 2026, with all retail spaces fully leased, anticipated to be a significant revenue source in the second half of the year [1]

Core Viewpoint - Han Guo Properties (00160) reported a significant increase in revenue but also a substantial increase in shareholder losses, indicating mixed performance in its operations [1] Financial Performance - The company reported revenue of HKD 438 million for the 2025-26 interim period, representing a year-on-year increase of 38.49% [1] - Shareholder losses amounted to HKD 227 million, which is an increase of 480.81% compared to the previous year [1] - The loss per share was HKD 0.32 [1] Operational Highlights - The company's commercial and retail leasing portfolio in mainland China, particularly in Shenzhen, Guangzhou, and Chongqing, remained stable [1] - The HONKWORK shared office space and HonLink leasing program are attracting tenants with flexible, efficient, and sustainable solutions [1] - In Hong Kong, the Jordan Center and fully leased data centers continue to provide stable income, reinforcing the recurring revenue base [1] Sales and Revenue Sources - Residential sales led by "Port Exchange" contributed an operating profit of HKD 56.6 million, indicating robust sales performance [1] - The retail space "Tongqingfang" performed well due to its carefully selected tenant mix, aligning with local demand and demonstrating the appeal of mixed-use concepts [1] Hotel Performance - The Japanese hotel portfolio showed strong performance, with high occupancy rates and room prices in Tokyo and Osaka, validating the company's long-term investment strategy in the region [1] - The Bao Xuan Hotel (Central) is expected to reopen in January 2026, with all retail spaces fully leased, anticipated to be a significant revenue source in the second half of the year [1]

Core Viewpoint - Jianye Industrial (00216) reported a significant increase in revenue for the 2025-26 interim results, achieving HKD 447 million, a year-on-year increase of 38.43%, while the loss attributable to shareholders rose to HKD 230 million, an increase of 232% [1] Financial Performance - The group's revenue reached HKD 447 million for the six months ending September 30, 2025, compared to HKD 322.9 million in the same period last year, marking an approximate increase of 38.4% [1] - The company turned last year's loss of HKD 1.2 million into a core profit of HKD 15.3 million, indicating a strong performance driven by disciplined execution [1] Market Performance - The strong performance is attributed to the successful sales of the Guangzhou residential project "Ganghui Tai," which performed well despite challenges in the property market [1]

格隆汇11月25日丨建业实业(00216.HK)公告，截至2025年9月30日止过去6个月，集团收入达港币4.47亿 元，较去年同期增加约38.4%。更重要的是，公司将去年同期亏损港币120万元扭转为核心溢利港币 1530万元。此强劲表现并非偶然，而是源于纪律严明的执行力，以及广州住宅项目"港汇台"在重重挑战 的物业市场中仍取得优异的销售业绩。公司为团队的成就深感自豪。董事会不建议派发截至2025年9月 30日止6个月中期股息(2024年：无)。 但必须承认：公司同样面临市场逆风。投资物业重估亏损对资产负债表造成影响，金额约达港币2.45亿 元，较去年港币6810万元大幅攀升。因此，本期间股东应占亏损净额约为港币2.3亿元。这些是公司必 须迎头面对的严酷现实。 全球经济持续动荡。截至本主席报告，美国政府经历逾四10日停摆后重启运作，为全球市场带来不确定 因素。从中国到美国、到香港本地，失业水平攀升的迹象随处可见。通胀与利率仍居高不下，在至关重 要的圣诞节来临前夕，消费者信心持续低迷。中国房地产行业持续调整，政策支持虽已稳定市场但尚未 重启增长。香港物业市场深陷办公室与零售店铺空置率高企的困境，但公司看到酒店业 ...

Core Insights - The Guangzhou Yuexiu District, once considered a highly desirable area for new residential properties, is now facing increased supply and a significant drop in sales rates, indicating a shift in the real estate market dynamics [1][5] Supply and Demand - Over the past three years, at least eight new projects have been launched in Yuexiu District, with available units exceeding 1,000 [1] - As of July, the absorption period for properties in this district reached 44 months, highlighting the challenges in selling new inventory [1] Sales Performance - Data from 2023 shows that the lowest absorption rate among the new projects is below 10%, while the highest exceeds 90% [1][2] - Specific projects like "Wanke Zaoyuefu" achieved a 93% absorption rate, while others like "Yuexi Fu" and "Yunhan Fu" reported significantly lower rates of 7% and 5%, respectively [2] Market Characteristics - The "Dongshan Yunqi" project, launched in June 2023, reported a 50% absorption rate shortly after its release, attributed to its limited availability of units [2][3] - The competitive landscape in Yuexiu District is intensifying, with similar products available in neighboring districts such as Tianhe, Haizhu, and Liwan, which may further pressure sales in the fourth quarter [5] Product Appeal - New developments in Yuexiu District are attracting buyers through superior product quality and pricing, alongside advantageous locations and amenities [2][3] - The "Junxi Fu" project, located near a subway station, has introduced larger units that are appealing to local buyers due to their practical design and spacious terraces [3]