In the first half of the year's revenue increased slightly by 7%, Hang Luo Real Estate Chen Qizong: It is difficult to predict in the second half of the year. At this stage

China Times (chinatimes.net.cn) reporter Li Beibei Shanghai report

The semi -annual performance report shows that Hang Lung Real Estate's total revenue in the first half of the year was HK $ 5.302 billion, a year -on -year increase of 7%; the business profit also rose slightly by 2%to HK $ 3.708 billion. "In the first half of 2022, the performance confirmed the success of our regional diversified strategy," said Chen Qizong, chairman of Hang Lung Group and Hang Lung Real Estate, said.

It is worth noting that at the 2021 performance meeting held this year, Chen Qizong once said that when the environment is not good, it may be a good opportunity to buy land. However, at the semi -annual performance report held on July 28, Chen Qizong bluntly said that at this stage, Chen Qizong should be "careful."

"Today is not just the Mainland, nor is it Hong Kong, but the world must be careful. If there are good projects, you can definitely consider buying. But the general direction is to act carefully." Chen Qizong said.

Mainland lease income performance is tough

According to the semi -annual report, as of June 30, 2022, the total revenue of Hang Lung Real Estate and Hang Lung Group increased by 7%and 6%, respectively to HK $ 5.302 billion and HK $ 5.605 billion. During the same period, the overall rental income of Hang Lung Real Estate remained stable at HK $ 4.986 billion. The lease income of the mainland property portfolio increased by 1%by the renminbi value, or the value of the Hong Kong dollar by 2%, which offset the 4%decline in the Hong Kong property portfolio.

In 2021, the annual tax payment of Shanghai Hang Lung Plaza was as high as 10.14 billion yuan, and the retail sales were 2.7 times the total of all Hong Kong shopping malls in Hang Luo. However, under the impact of the epidemic, Shanghai Hang Lung Plaza recorded revenue of HK $ 724 million in the first half of this year, a year -on -year decrease of 17%, tenants' sales fell 38%year -on -year, and the rental rate also fell slightly from 99%in the same period last year to 98%; Shanghai Port Hunglong Ronglong Plaza and Hang Lung Plaza in Shenyang City also fell 2%and 8%due to the impact of the epidemic.

In this regard, Lu Weibai, CEO of Hang Lung Group and Hang Lung Real Estate, explained at the performance meeting that in the face of April to May, the prevailing requirements for the epidemic were facing the prevention and control requirements of the epidemic. Some catering cannot be eaten, and the Shanghai Football Team has been affected by the epidemic for 3 and a half months, but "June-July has improved significantly, and the flow of people (quantity) fell by two to 30 % compared to the peak in 2021. Basically meet the requirements. "

Chen Qizong emphasized that in the first half of 2022, in addition to Hong Kong and Shanghai, most of the high -end and sub -high -end shopping malls performed well. It further pointed out that the retail sales of tenants did not affect the renewal increase rate, and the renewal rental increase rate of all shopping malls was positive, and it was mainly two -digit. "It's not just positive, all the luxury shopping malls are all double -digit growth, which is also good." Chen Qizong pointed out.

The Hang Lung Group also told the "Huaxia Times" reporter: "Our strategic positioning in the high -end retail market in the Mainland has continued to achieve results. The Hang Lung Plaza located in Wuxi, Kunming and Dalian is the leading consumption field in the city."

According to the semi -annual report, in the first half of the year, Hang Lung Group's performance income in high -end shopping malls outside Shanghai and Shenyang increased by 7%to 184%compared with the same period last year, which reduced part of the impact of Shanghai's implementation of epidemic prevention and control measures. For example, the sales and passenger traffic of Wuhan Hang Lung Plaza have risen steadily since the opening in March 2021. Mall revenue has increased by 1.8 times to RMB 122 million compared with last year, and the rental rate increases by 13 percentage points to 84%.

In addition, in terms of property sales, in the first half of this year, Hang Lung Real Estate will complete a statutory transfer in a mansion located in Lantang Road, Hong Kong, China, bringing a sales revenue of 316 million Hong Kong dollars, with a corresponding marginal profit margin of 52%. As of June 30, 2022, the company pre -sold 125 residential units at the cost of Hong Kong dollars at the cost of HK $ 1.098 billion. The revenue was expected to complete the sales transaction in 2023.

"The overall market may take a little time"

At the performance meeting in 2021, Chen Qizong said that when the environment was not good, it might be a good opportunity to buy land. After recruiting this topic half a year later, Chen Qizong bluntly said that he would "be careful" at the stage.

Chen Qizong performed very cautious about the next trend of the real estate market. "Last week I wrote a sentence in the letter of the chairman to the shareholders. I said that I wrote this document for decades. I did n’t try it once when I wrote a mid -term report. It is difficult to predict how it is in the second half of the year. "In Chen Qizong's view, it is difficult for him to give a specific answer due to the existence of some uncertain factors.

Other management also gives a similar attitude. For example, in 2021, Hang Lung announced the launch of the high -end service apartment brand "Hang Lung Mansion" in the Mainland, which will settle in the Hang Lung Plaza property portfolio in Wuhan, Wuxi, Kunming and Shenyang.

And this time Lu Weiber revealed at the performance meeting: "Everything in Wuhan Hang Lung's government has done well, but frankly speaking, the environment is not good, so we want to watch it for a long time. In the third quarter of next year Find a very good window, and it will be released after a little bit. "Chen Wenbo, deputy chairman of Hang Lung Group and Hang Lung Real Estate, also said," At present, customers are very recognized by products, and their intention prices are also very popular, but the overall market may require a little bit of a little market. time".

"Huaxia Times" reporter noticed that the Hang Lung Group's 2021 annual report puts out: "Find the opportunity to sell development properties and sell non -core assets in Hong Kong to recover new projects with higher funds and return to higher returns." The attitude of selling non -core assets has become more conservative. For example, Lu Weiber said that there is a good acquisition target, but the assets that may be seen are not very satisfied, and each company has different strategies. This is very different from the project that was placed on the market today.

Zhao Jiaju, the chief financial officer of Hang Lung Real Estate, also emphasized that the company will regularly review the property situation: "First see if you can do some AEI (property improvement space), so that we have better rent. Market conditions. The most important thing is to consider creating value for shareholders and whether it is sold in such a bad time. Some properties are ready to sell, especially some existing residential projects. "

However, when asked whether the "disconnected supply" phenomenon in the mainland property market recently affected the sales of the Hang Lung project, Lu Weibai said confidently, "Hang Lung is also a relatively high quality project in the Mainland. First of all, we Most of the land is doing commercial real estate. Even if some apartments are sold, they are the highest -end and in the city center. "

"If you are worried that it is better, it is better to buy it here, because we have a stable finance and afford it." Lu Weibai said: "We have many projects to start delivery next year. If we think, we can buy our project."

Editor -in -chief: Zhang Bei Editor: Zhang Yuning

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