Chinese Estates swings to core profit of $165 million last year but scraps final dividend

Chinese Estates (0127) swung to a core profit of HK$164.7 million last year from a core loss of HK$489 million in 2024, but scrapped the final dividend. 

The developer recorded a net loss of HK$388.5 million for 2025, down by nearly 82 percent from the prior year, mainly due to a decrease in fair value changes of investment properties. 

It paid a final dividend of 3 HK cents in 2024, but has decided not to distribute any payout for last year to “preserve more cash for the group’s future financial, property or securities investment opportunities.”

Revenue for the year dropped by 10.6 percent to HK$301.1 million, as gross rental income fell 19.5 percent to HK$164.8 million. While dividend income from equity investments declined 19 percent to HK$32.8 million, gains on investment disposals jumped 58 percent to HK$25.1 million.

Attributable net rental income for the year slid 13.4 percent to HK$233 million, mainly due to the disposals of UK and Hong Kong properties in 2024.