Summary of Key Points Core Viewpoint - Regal International (00078) anticipates a significant reduction in shareholder attributable comprehensive losses for the mid-2025 period, projecting a loss of approximately HKD 678 million compared to a loss of HKD 1.5992 billion in the same period of 2024 [1] Financial Performance - The reduction in losses is primarily attributed to a shift from a fair value loss of HKD 932.6 million on financial assets in mid-2024 to an expected fair value gain of approximately HKD 7 million in mid-2025 [1] - The financial asset losses were mainly related to investments held in Cosmopolitan International Holdings Limited, which have since been written down to a relatively insignificant value [1] - The decrease in financing costs for the first half of 2025, due to a significant decline in the Hong Kong Interbank Offered Rate (HIBOR) since mid-May, also contributed to the improved financial performance [1] Operational Metrics - The expected earnings before interest, taxes, depreciation, and amortization (EBITDA) for mid-2025 is projected to be approximately HKD 85 million, a turnaround from a loss of HKD 734.8 million in the same period of 2024 [1] - The total depreciation expense for the hotel portfolio in Hong Kong is expected to be around HKD 290 million for mid-2025, slightly down from HKD 291.3 million in 2024 [2] - Although depreciation expenses do not have an immediate impact on cash flow, they negatively affect the company's financial performance [2]

Core Viewpoint - REGAL INT'L (00078) anticipates a significant reduction in shareholder attributable comprehensive losses for the mid-2025 period, projecting losses of approximately HKD 678 million compared to HKD 1.5992 billion in the same period of 2024 [1] Group 1: Financial Performance - The reduction in losses is primarily attributed to a shift from a fair value loss of HKD 932.6 million on financial assets in mid-2024 to an expected fair value gain of approximately HKD 7 million in mid-2025 [1] - The financial asset fair value loss in 2024 was mainly related to investments held in Cosmopolitan International Holdings Limited, which have since been written down to a relatively insignificant value [1] - The anticipated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for mid-2025 is projected to be approximately HKD 85 million, a turnaround from a loss of HKD 734.8 million in mid-2024 [1] Group 2: Depreciation and Cash Flow - The total depreciation expense for the hotel portfolio in Hong Kong is expected to be around HKD 290 million for mid-2025, slightly down from HKD 291.3 million in 2024 [2] - Although the depreciation expenses do not have an immediate impact on cash flow, they negatively affect the company's financial performance [2]

Core Viewpoint - The company has released its 2025 semi-annual report, highlighting its financial performance and operational status, with a focus on significant changes and ongoing projects [1][3]. Group 1: Company Overview - The company is Shanghai Lujiazui Financial Trade Zone Development Co., Ltd., primarily engaged in real estate development and management [2]. - The report includes key financial data and shareholder information, although specific figures are not detailed in the provided text [2]. Group 2: Important Events - The company has faced issues related to soil pollution at a subsidiary, Green Shore Company, leading to a suspension of development activities since April 2022. Remediation efforts have been completed, and the company is monitoring the situation closely [3]. - The board of directors and supervisory board have confirmed the accuracy and completeness of the semi-annual report, which has been approved without any dissenting votes [4][6][14]. Group 3: Financial Performance - As of the end of Q2 2025, the company holds a total building area of 3.96 million square meters across various property types, including 2.45 million square meters of Grade A office space [16]. - For the first half of 2025, the company reported a rental cash inflow of 1.854 billion yuan, a decrease of 14% year-on-year, while residential property sales saw a significant increase, with a contract sales amount of 4.769 billion yuan, up 111% year-on-year [16][17]. - The company completed projects totaling 410,200 square meters in the first half of 2025, with a notable increase in residential sales cash inflow to 5.548 billion yuan, also up 105% year-on-year [18].

Group 1: Real Estate Portfolio - As of the end of Q2, the company holds a total building area of 3.96 million square meters in operational properties, including 2.45 million square meters of Grade A office buildings, 0.33 million square meters of high-quality R&D buildings, 0.78 million square meters of commercial properties, 0.27 million square meters of hotel properties, and 0.13 million square meters of rental residential properties [2] Group 2: Financial Performance - For the first half of 2025, the company achieved cash inflow from real estate leasing of 1.854 billion yuan, a year-on-year decrease of 14%, and cash inflow from equity leasing of 1.518 billion yuan, also a year-on-year decrease of 14% [2] - The company recorded a sales signed area of 41,000 square meters for residential properties in the first half of 2025, a year-on-year increase of 96%, with a contract sales amount of 4.769 billion yuan, a year-on-year increase of 111% [3] - Cash inflow from residential property sales (including parking spaces) reached 5.548 billion yuan in the first half of 2025, a year-on-year increase of 105% [3] - Cash inflow from office project sales in the first half of 2025 was 639 million yuan, with equity sales cash inflow of 351 million yuan [4] Group 3: Project Development - The company completed projects in the first half of 2025 with a total area of 410,200 square meters, of which the equity completion area was 369,000 square meters [4] - The main residential projects for sale as of the end of Q2 include Century Qiantan Tianyu, Century Qiantan Tianhui, Chuan Sha Jinxiu Yunlan, Century Zhen Di, and Lujiazui Taikoo Yuandi, with overall sales rates of approximately 99%, 92%, 79%, 53%, 96%, and 94% respectively [3] Group 4: Revenue Composition - In 2024, the company's revenue composition was as follows: property sales accounted for 48.24%, real estate leasing for 22.19%, property management for 14.88%, financial services for 9.14%, and hotel operations for 3.64% [4]

三、2025 年 1-6 月，公司实现办公项目销售现金流入 6.39 亿元，权益销售 现金流入 3.51 亿元。 四、2025 年 1-6 月，公司竣工项目为川沙 C06-01/02 地块、川沙 C06-03 地 块、张江中区 74-01 地块，竣工面积 41.02 万平方米，权益竣工面积 36.9 万平 方米。 B股 900932 陆家B股 上海陆家嘴金融贸易区开发股份有限公司 2025 年第二季度房地产业务主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 股票代码：A股 600663 证券简称：陆家嘴 编号：临2025-029 根据上海证券交易所《上市公司行业信息披露指引第一号——房地产》要求， 特此公告公司 2025 年第二季度主要经营数据如下： 一、至二季度末，公司持有的主要在营物业总建筑面积 396 万平方米，其中： 甲级写字楼的总建筑面积 245 万平方米，高品质研发楼的总建筑面积 33 万平方 米，商业物业的总建筑面积 78 万平方米，酒店物业的总建筑面积 27 万平方米， 租赁住宅物业的总建筑面 ...