SHKP Quarterly

Group announces 2019/20 interim results 集團公布 2019/20 年度中期業績 The Group reported underlying profit attributable to the Company’s shareholders for the six months ended 31 December 2019, excluding the effect of fair-value changes on investment properties, amounted to HK$13,422 million. Underlying earnings per share were HK$4.63. The directors have declared an interim dividend payment of HK$1.25 per share, the same as the corresponding period last year. Revenue from property sales for the period under review as recorded in the financial statements, including revenue from joint-venture projects, was HK$16,208 million. Profit generated from property sales was HK$6,850 million, as compared to HK$6,694 million for the corresponding period last year. Contracted sales during the period reached an approximate HK$21,600 million in attributable terms. Gross rental income, including contributions from joint-venture projects, registered an increase of 3% year-on-year to HK$12,713 million and net rental income increased by 2% year-on-year to HK$9,669 million during the period under review. The increase was mainly driven by new rental properties, both in Hong Kong and on the mainland. However, the operating environment in Hong Kong, in particular retail leasing and hotel operations, has weakened since mid 2019 impacted by local social incidents. In the short term, it will be further hit by the outbreak of a novel coronavirus early this year. In late 2019, the Group successfully acquired through a government tender a large-scale commercial site on and adjoining the High Speed Rail West Kowloon Terminus with a developable gross floor area of 3.16 million square feet. The site will be developed i nto a n o f f i ce - c um - r e t a i l l a ndma r k o f international standards. Upon completion, this mega landmark project, together with the neighbouring ICC, will raise West Kowloon’s status as a major office and commercial hub while bolstering the Group’s leading position in the leasing markets in Hong Kong. During the period under review, the Group also added a joint-venture project in Qianjiang New City CBD in Hangzhou. The project will be developed into an integrated landmark, providing premium offices and retail areas as well as residential and hotel space. External economic uncertainties, coupled with the latest epidemic outbreak and local social incidents, will pose greater downside risks to the territory’s economy, particularly retail leasing and hotel operations. Despite this, as in the past, the Group is dedicated to supporting Hong Kong by developing landmark projects in difficult times. This can be exemplified by the commitment and development of Two IFC during the Asian financial crisis and the ICC project following the tech bubble burst in 2000. With a commitment to the long-term development of Hong Kong and a firm belief that the city will eventually get back on track, the Group will continue to invest in Hong Kong and on the mainland. 集團公布截至 2019 年 12 月 31 日止六 個月，在撇除投資物業公平值變動的 影響後，可撥歸公司股東基礎溢利為 134.22 億港元；每股基礎溢利為 4.63 港元。董事局宣布派發中期股息每股 1.25 港元，與去年同期相同。 連同合作項目的收益，回顧期內財務 報表錄得的物業銷售收益為 162.08 億 港元。來自物業銷售的溢利為 68.5 億 港元，去年同期為 66.94 億港元。按 所佔權益計算，集團在期內錄得的合 約銷售額約 216 億港元。 回顧期內，連同合作項目租金收入 計算，總租金收入按年上升 3% 至 127.13 億港元，淨租金收入按年上升 2% 至 96.69 億港元。租金收入增長主 要來自香港及內地的新收租物業。 然而，自 2019 年中起，本地社會事件 導致香港經營環境轉差，特別是在零 售租務及酒店業務，而今年初新型冠 狀病毒出現亦令短期市況進一步受打 擊。 於 2019 年底，集團透過政府招標成功 購入坐落及毗鄰高鐵西九龍總站的大 型商業用地，其可發展的總樓面面積 達 316 萬平方呎，將發展為國際級寫 字樓兼零售地標。項目落成後，連同 毗鄰的環球貿易廣場，將提升西九龍 作為主要辦公及商業樞紐的地位，同 時亦鞏固集團在香港租務市場的領導 地位。回顧期內，集團亦新增了一個 位於杭州錢江新城中央商務區的合作 發展項目。該項目將發展為一個綜合 地標，提供優質寫字樓、商場、住宅 和酒店。 雖然外圍經濟仍存有不少隱憂，加上 最近疫情持續及本地社會事件，令香 港經濟面對更大的下行風險，特別是 在零售租務及酒店業務。不過集團會 一如過往，在艱難時期透過發展地標 項目以支持香港，正如集團在亞洲金 融風暴時承諾並發展國際金融中心二 期，以及於 2000 年科技泡沫爆破後發 展環球貿易廣場。集團對香港的長遠 發展有承擔，並確信香港最終能重回 正軌，將繼續在香港和內地投資。 Group Chairman & Managing Director Raymond Kwok (centre) and top management respond to questions from analysts 集團主席兼董事總經理郭炳聯（中）連同管理團隊解答分析員提問 Corporate News Vol 95 • Q1 2020 • SHKP Quarterly 18