恒基地产2025中期报告

目錄 董事局主席報告 44%0.631.12 8%0.600.66 183171712-1716 2025 中期報告恒基兆業地產有限公司 2025-26 22% Belgravia Place2MiamiQuay2Caine Hill95% / 2025 中期報告恒基兆業地產有限公司 / 2.8 3.20.6 4.90881.6 5.0.9 2025 中期報告恒基兆業地產有限公司 2025 中期報告恒基兆業地產有限公司 ••Baker Circle • GreenwichThe Haddon ••••• 2025 中期報告恒基兆業地產有限公司 16 9088(LEED)(BEAM Plus)WiredScore 22.8% // 19.3 /2023 2025 中期報告恒基兆業地產有限公司 1%40.77%2% 93% Belgravia Place1• 2025 中期報告恒基兆業地產有限公司 LEGO•2.0 MCP2025 7852 The Henderson•(Zaha Hadid Architects)•(Jeff Koons)Cloud 39270•The Henderson(Forbes Travel Guide)In Partnership with Forbes Travel GuideThe HendersonPoint72 2025 中期報告恒基兆業地產有限公司 Jane Street Asia Limited70% 20258••The Henderson2025-2026 TheH CollectionH Commerce Management Limited ISO 9001ISO 10002ISO 14001ISO 45001Q 2025 中期報告恒基兆業地產有限公司 65% 16% 38%21% 2025 中期報告恒基兆業地產有限公司 10%2%12%13% 2025 中期報告恒基兆業地產有限公司 97%93%91%(ARM)(BENOY) ISO 9001ISO 14001ISO 45001ISO 10002ISO 50001 WELL20252025ESGWELL Core v22025TÜV(BRE)BESTi 2025 中期報告恒基兆業地產有限公司 (i) Citistore (Hong Kong) LimitedCitistoreCCitistore(ii) UnicornStores (HK) LimitedAPITAUNYUNYUnicorn CitistoreUnicornCU APPH • COINS Citistore Citistore13%Citistore12%32% Citistore11% Citistore Unicorn Unicorn1% Unicorn 7.6%13.7%14.1% 5.7%(EBITDA)29.0%(IoT)The Mira HongKong90.3%1.3%92.9%1.7% The Mira Hong KongCrescentRating5The Mira Hong Kong2025The Mira EBITDA3.9%5.2% 90% 2025 中期報告恒基兆業地產有限公司 2.4%EBITDAEBITDA2025 12.4%EBITDA61.6% 聯營公司 3%3%4%2% 0.9%8%0.54 20% + 2025 中期報告恒基兆業地產有限公司 0.32.644%14% (Energy as a Service, EaaS)++ (Assets under Management, AuM)2REITREITs AI 2025 中期報告恒基兆業地產有限公司 (EcoCeres, Inc.)(British Airways)(SAF) VENEX50%VENEX Golden Island Pte Ltd AIIoT 25%50% 2025 中期報告恒基兆業地產有限公司 19%36% 5%95%91%87%80%•55A12,7205.6% H ZentreH ZentreAMOUR26%AMOUREBITDA 4.8%2.7%5.4%21.4% 1.8%14% 89.2%91.3%90.0%92.0%87.6%90.1% 8.5%7.1%7.7%1.2%66%70% 2025 中期報告恒基兆業地產有限公司 21.1%21.1% 2030 0.5% G.I.V.E.2025(MIKE)2025ESG G.I.V.E.ESGThe Henderson 2025 中期報告恒基兆業地產有限公司 / •1 The Henderson (EcoCeres, Inc.) 2025 中期報告恒基兆業地產有限公司 財務回顧 (i)(ii) 2025 中期報告恒基兆業地產有限公司 3,019,000,000 Baker Circle • Greenwich1,477,000,000 (ii)Henley ParkThe Henley13523,000,000 (iii)•295,000,000 (iv)•145,000,000 (v)•119,000,000 •75,000,000 989,000,000843,000,000135,000,000 / / 1,189,000,00079%1,059,000,000240,000,000 80,000,000286%150,000,00054,000,000 1,123,000,00077%1,059,000,000 2025 中期報告恒基兆業地產有限公司 143,000,000953%114,000,000 2025 中期報告恒基兆業地產有限公司 21,000,0001%29,000,0001%The Henderson34,000,000(i)36,000,000(ii)12,000,000(iii)7,000,000(iv)10,000,000 117,000,00012%103,000,00013%2% (i)10% (ii)12% Citistore (Hong Kong) LimitedCitistoreUnicorn Stores (HK) LimitedUnicorn745,000,000778,000,00033,000,0004% CitistoreUnicornCitistoreUnicorn5,000,00021%29,000,00024,000,000 2025 中期報告恒基兆業地產有限公司 156,000,000165,000,00036,000,00045,000,0009,000,0005%9,000,00020% 1,280,000,00030,000,000 (a)2,417,000,0001,137,000,00047%1,142,000,000 (b)19,000,00049,000,000258%12,000,00011,000,00016,000,000 2025 中期報告恒基兆業地產有限公司 1,280,000,0001,322,000,00042,000,0003%1,387,000,0001,409,000,00022,000,0002%32,000,000 338,000,000156,000,000182,000,000117%155,000,000224,000,00069,000,00031%(i)30,000,000(ii)19,000,000(iii)20,000,000 2,833,000,0003,433,000,0001,205,000,000820,000,000272,000,000241,000,000933,000,000579,000,000 3.67%4.50% 427,000,000146,000,000 2025 中期報告恒基兆業地產有限公司 5,000,000,0007,000,000,00010,512,000,00019,609,000,000 400,000,000300,000,0009,619,000,0004,468,000,000 2025 中期報告恒基兆業地產有限公司 (i)67,056,000,00059,824,000,00010,512,000,00019,609,000,000(ii)2,908,000,0002,803,000,000(iii)3,539,000,0003,672,000,00084,015,000,00085,908,000,0003.573.362.913.17 73,923,000,00066,215,000,000 32%37% (i)1,407,000,000(ii)1,096,000,000240,000,000 2025 中期報告恒基兆業地產有限公司 (i)(ii)(iii)(iv)16,018,000,00021,775,000,00019%25% 2025 中期報告恒基兆業地產有限公司 16(Champagne Court)3,120,000,000(i)(ii) 353,000,000240,000,000 1,860,000,0001,096,000,000 16,957,000,00019,030,000,0003,993,000,0005,666,000,000 2025 中期報告恒基兆業地產有限公司 12,835,000,00014,635,000,000 (i)239,000,000245,000,000 (ii)2,523,000,0002,647,000,000 (iii)29.3%30%18%30%1,670,000,0002,100,000,0002,100,000,0001,314,000,0001,314,000,0002,940,000,0002,940,000,000 (iv)/50%6,556,000,0003,276,000,00050%3,278,000,0003,278,000,000 9,9979,970 1,594,000,0001,533,000,0004% 4895 108 簡明中期財務報表 簡明中期財務報表 簡明中期財務報表 簡明中期財務報表 簡明中期財務報表（未經審核）附註 47 622436 2025 中期報告恒基兆業地產有限公司 簡明中期財務報表（未經審核）附註 622662(3)63 622406(2)407(2)(3) 簡明中期財務報表（未經審核）附註 (i)172,000,000188,000,000 (i)(ii)459,000,0001,558,000,000 /10,390,000,0008,621,000,000 簡明中期財務報表（未經審核）附註 (i)2181,409,000,0001,407,000,000 (ii)1,860,000,0001,450,0001,055,000,000 簡明中期財務報表（未經審核）附註 / 3.08%4.40%3.36%6.01% 簡明中期財務報表（未經審核）附註 / 簡明中期財務報表（未經審核）附註 16.5%16.5% 30%60%30%60% 簡明中期財務報表（未經審核）附註 (a) 2,908,000,0003,174,000,0004,841,000,0004,841,000,000 (b) 3,048,000,0005,441,000,000 簡明中期財務報表（未經審核）附註 (b) 2025 中期報告恒基兆業地產有限公司 簡明中期財務報