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]