Hang Lung Group (00010) Announces Interim Results Net Profit attributable to shareholders of HK$746 million, up 7.03% year over year

According to the Zhitong Finance App, Hang Lung Group (00010) announced its 2026 interim results, with total revenue of HK$6.341 billion, up 21.9% year on year; basic net profit attributable to shareholders was HK$1,123 million, down 5.71% year on year; net profit due to shareholders was HK$746 million, up 7.03% year on year; profit per share based on shareholders' net profit. An interim dividend of HK$0.21 per share is proposed.

In the six months ended June 30, 2026, consumer market conditions in the Mainland have improved in the face of government measures to boost the economy and low interest rates. On the Hong Kong side, the appreciation of the RMB will help attract visitors and drive retail growth. The Group maintains a high rental rate and strict operating execution, and is fully resilient in the face of market challenges. Rental revenue from core properties in the Mainland increased, and Hong Kong remained stable.

The Mainland shopping mall portfolio achieved a 6% increase in revenue in RMB terms, and the overall property rental rate further increased to 96% at the end of June. The mall continued to improve its tenant mix during the reporting period, replace underperforming brands, and introduce new or exclusive brands to enhance the competitiveness of the retail business. The Group hosts experiential retail events full of local characteristics at various properties to deepen customer connections, maintain customer traffic, increase tenant sales, and establish a landmark image for the core community.

In Hong Kong, with active leasing promotion and tenant retention measures, the retail and office building portfolios remained stable at around 95% and 91% respectively. Among them, the main commercial and tourist area combinations have been continuously optimized, successfully stabilizing the rental rate of retail properties and helping to strengthen the overall tenant mix. Increased leasing demand for the Standard Chartered Bank Tower and 228 Electric Road, where Hang Lung's shared office space NET•WORK is located, driving up the rental rate of the Hong Kong Island office portfolio. Benefiting from the Government's talent entry scheme, the income and rental rate of residential and serviced apartments also increased by 7% and 9 percentage points, respectively, year-on-year.