Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (HKD)
Fiscal Period: December 2016 2017 2018 (CNY) 2019 (CNY) 2020 (CNY) 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

Land Sub Dividers And Developers

          

Development property business

184B 176B 212B 237B 239B

Total Assets

539B 649B 721B 622B 581B

CAPEX

-207M - - - -

D&A

300M 267M 90.29M 201M 271M

Operating Income

40.7B 39.07B 37.71B 31.68B 29.36B

Real Estate Management Services

          

Asset-Light Management Fee-Based Business

- - - - 26.51B

Total Assets

- - - - 27.7B

D&A

- - - - 359M

Operating Income

- - - - 2.79B

Real Estate Operators And Lessors

          

Investment Property Rental Business

- - 23.07B 24.26B 26.24B

Total Assets

- - 293B 300B 324B

D&A

- - 1.02B 944M 901M

Operating Income

- - 12.54B 13.77B 15.81B

Asset-light Management Business

- - 13.59B 15.87B -

Total Assets

- - 7.71B 8.43B -

D&A

- - 120M 299M -

Operating Income

- - 1.27B 1.46B -

Property Investments and Management

18.03B 16.52B - - -

Total Assets

239B 257B - - -

CAPEX

-29.52B - - - -

D&A

482M 543M - - -

Operating Income

9.71B 8.53B - - -

Inter-Segment Revenue

-14.69B -16.24B -14.98B -13.36B -9.88B

Total Assets

143B 133B 144B 169B 146B

Lodging

          

Hotel Operations

1.57B 1.39B - - -

Total Assets

12.47B 13.88B - - -

CAPEX

-1.85B - - - -

D&A

428M 391M - - -

Operating Income

-291M -332M - - -

Commercial Construction and Engineering

          

Eco-system Elementary Business

- - 17.11B 14.56B -

Total Assets

- - 25.64B 27.94B -

D&A

- - 79.26M 87.38M -

Operating Income

- - 1.1B 1.04B -

Construction, Decoration Services and Others

23.35B 29.22B - - -

Total Assets

16.52B 28.1B - - -

CAPEX

-200M - - - -

D&A

96.74M 132M - - -

Operating Income

243M 998M - - -

Geographical Revenue Distribution History

Geographical breakdown of sales (HKD)
Fiscal Period: December 2016 2017 2018 (CNY) 2019 (CNY) 2020 (CNY) 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY) 2025 (CNY)

People's Republic of China (PRC)

212B 207B 251B 279B 281B

Total Assets

950B 1,081B 1,191B 1,128B 1,079B

Interest Expense

-1.23B -1.54B -1.58B -2.95B -2.92B

Income Tax Expense

22.97B 23.14B 29.13B 24.55B 20.53B

D&A

1.31B 1.33B 1.31B 1.53B 1.53B

CAPEX

-29.63B -23.85B -1.13B -892M -889M

Gross Profit

57.2B 54.29B 63.16B 60.33B 59.74B

Net Income

32.4B 28.09B 31.37B 25.58B 25.42B

EBT

60.37B 55.51B 66.44B 58.23B 53.35B
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