Changshi Group (01113) announced interim results. Profit attributable to shareholders of HK$8.683 billion increased 37.78% year over year

According to the Zhitong Finance App, Changshi Group (01113) announced its 2026 interim results. The group achieved revenue of HK$40.306 billion during the period, an increase of 58.77% over the previous year; profit attributable to shareholders of HK$8.683 billion, an increase of 37.78%; profit per share of HK$2.48; and proposed to distribute an interim dividend of HK$0.41 per share.

Hong Kong property mortgage interest rates remained low in the first half of the year. The market atmosphere improved, driving up residential property transactions and property prices, and the property market continued to stabilize. In the Mainland, the Government has introduced a number of measures to support real estate development in key cities. As always, the Group closely followed the market and adopted an active sales strategy to promote residential projects. In the second quarter, it launched Shanghai Yuqinyuan Phase 5B-2b and the Hong Kong Mid-Levels 21 Borrett Road Phase 2 Yingtian Unit. The market response was ideal. The Kai Tak Flower Sea project in Hong Kong is expected to launch market pre-sale in the second half of 2026. The Group will adhere to a prudent strategy to find high-quality land reserves for future development.

The central office rental market continued to recover in the first half of the year. The trend of large enterprises choosing to enter high-quality commercial buildings continued, driving demand for superior grade A commercial buildings in core locations. The occupancy rate of Changjiang Group Center Phase II continued to rise during the period. The Group's property leasing performance was good during the period. The UK's social infrastructure investment portfolio continues to bring stable recurring returns to the Group, providing strong support for overall leasing performance, particularly at a time when the Hong Kong and Mainland property leasing markets are slowing down.

In the first half of 2026, Hong Kong's tourist market continued to improve steadily, and the number of visitors and overnight visitors continued to increase. The Group's hotel and serviced suite business remains stable, with an average occupancy rate of around 90%. The Group will continue to optimize its hotel and serviced suite business portfolio to meet the changing needs of hotel travelers and long-term renters to increase revenue and broaden revenue streams. The Group also strategically develops digital technology facilities and invests in improving operational performance to continuously enhance the customer experience and promote business efficiency.

The British pub industry faced high labor costs, commercial land taxes, inflationary pressure and changes in customer consumption patterns during the period, and the business environment became more and more challenging. During this period, Greene King's English pub business showed resilience. Greene King improves marginal profits by streamlining operating models, strictly controlling costs, and concentrating resources on the core English pub business portfolio. Greene King will continue to improve the quality of the industry to enhance the customer experience, and make full use of digital platforms to deepen customer belonging and expand market share.