财务摘要(人民币亿元)截至12月31日止年度2024年2023年变动收入119.46129.90- 8.04%毛利17.0520.61- 17.27%本公司拥有人应占净利润10.7123.82- 55.04%每股基本盈利(人民币元)0.230.52- 55.80%香港, 2025年3月18日 - (亚太商讯 via SeaPRwire.com) - 中国化肥产能及产量最大的央企中海石油化学股份有限公司(「中海石油化学」或「公司」，股份编号：3983) 公布截至2024年12月31日止年度经审计之全年业绩。2024年公司实现收入人民币119.46亿元，本公司拥有人应占净利润为人民币10.71亿元。董事会建议派发2024年度末期股息每股人民币0.1208元（含税），派息率达52%。2024年公司盈利较2023年下降，一方面是因为2023年公司利润包含了出售附属公司天野化工（已更名为新材料公司）的67%股权权益所带来的一次性收益人民币8.52亿元，另一方面是因为公司2024年三套尿素装置集中检修导致尿素销量降低以及尿素等产品价格大幅下降。中海石油化学董事长兼执行董事侯晓峰先生表示：「过去一年，化肥行业整体承压，尿素价格波动显著。面对挑战，公司聚焦「安全运营、降本增效、市场开拓」三大主线，优化生产管理、强化成本管控、统筹产品营销。于报告期内，公司归属于股东的净利润为1,071百万元。为回馈股东长期支持，董事会拟派发2024年度末期股息每股0.128人民币元（含税），派息率达,52%，与股东共享发展成果。」公司坚定践行绿色发展战略，能效指标持续领跑：甲醇装置连续13年蝉联中国石油与化学工业联合会「能效领跑者」称号，合成氨装置连续5年获评中国氮肥工业协会"水效领跑者"。凭借卓越的可持续发展实践，公司荣膺国际肥料工业协会（IFA）"行业管理领军者"认证，成为2024年度国内唯一入选企业，彰显全球影响力。生产管理方面，公司持续加强生产经营管控，过去一年全年未发生各类安全生产事故，生产装置安稳长优运行。公司生产装置均实现了2024年度「1个200天或两个100天」的长周期运行目标，海南一期甲醇装置实现514天长周期，华鹤煤化工气化装置实现510天长周期运行，打破自身历史纪录并在同行业处于领先地位。员工死亡事故和环保污染事故事件连续三年为「零」。丙烯腈项目顺利通过品质竣工验收，合格率100%。得益于此，公司全年生产尿素191.8万吨、磷复肥85.5万吨、甲醇143.8万吨、丙烯腈系列产品23.0万吨。销售管理方面，公司继续加强市场研究、把握市场节奏，助力公司营销创效。此外，公司持续优化化肥电商直销平台「海油惠农宝」，打造便捷高效的化肥选购环境，同时拓宽产品市场，开辟甲醇燃料领域应用。公司2024年全年销售尿素188.8万吨、甲醇142.6万吨、磷肥50.9万吨、复合肥29.5万吨、丙烯腈系列产品22.6万吨；全年共出口了0.4万吨尿素、12.6万吨磷酸二铵、0.9万吨甲醇和0.9万吨丙烯腈。展望2025年，国内尿素供需差距仍然存在，预计尿素市场仍然承压。国内磷肥供应预计稳定，受粮食增产任务支撑，耕地面积恢复性增长等因素驱动，磷肥需求有望增长，磷肥市场价格有望继续维持稳定态势。甲醇产能预计相较去年有较大增量，与此同时，甲醇下游计划投产产能较大，将进一步带动甲醇需求上升，因此预计甲醇市场或呈现供需两旺态势。国内丙烯腈产能过剩格局凸显，下游ABS行业增长带动的新增需求却不足以消纳过剩产能，而全球经济进入低速增长常态，因此丙烯腈出口或仍面临一定阻力。另一方面，海南自贸港政策为公司布局港口物流与国际贸易提供了战略机遇。公司董事长兼执行董事侯晓峰先生表示：「2025年，公司将聚焦三个方向发展：一、打造『植物营养解决方案供应商』的品质定位；二、强化技术研发与成果转化，围绕『富碳气基』、『生物质基』及『磷资源基』构建化工新材料产业体系；三、探索海外天然气资源综合利用项目，拓展国际化发展空间。」侯晓峰先生总结：「未来，公司秉持稳保国家的粮食安全供应，致力提升股东价值回报，持续巩固公司在央企化肥领域产能与产量的『双第一』地位，为行业树立标杆。」有关中海石油化学股份有限公司中海石油化学股份有限公司(「中海石油化学」)是专门从事化肥及相关化工产品开发、生产及销售的上市企业，是化肥产能及产量最大的中央企业，为从事石油和天然气勘探、开发、生产及销售的中国海洋石油集团有限公司之子公司。中海石油化学于2006年9月29日在香港联合交易所主板挂牌上市，股份编号：3983。公司现有生产设施位于中国海南、湖北及黑龙江，总设计年产能达184万吨尿素、100万吨磷复肥(磷酸一铵、磷酸二铵和复合肥)、140万吨甲醇、20万吨丙烯腈及7万吨MMA，公司并拥有位于海南省东方市的设计年吞吐能力为1,828万吨的深水港口。中海石油化学的企业品牌价值持续提升，2024年达67.58亿元，创历史新高。2024年，中海石油化学分别荣获IFA「行业管理领军者」称号和「2024年中国化肥企业百强」前列。如欲查询更多公司资料，请浏览公司网站 www.chinabluechem.com.cn。 Copyright 2025 亚太商讯 via SeaPRwire.com.

上海, 2025年3月18日 - (亚太商讯 via SeaPRwire.com) - 3月17日，第七届上海市工商业领军人物表彰交流大会顺利举行，华领医药创始人、CEO陈力博士凭借其在生物医药领域的卓越贡献和创新领导力，获评为"上海市第七届工商业领军人物"，并代表获奖企业家作交流发言。 （陈力博士当选"上海市第七届工商业领军人物"）上海市工商业领军人物评选活动始于2006年，由上海市工业经济联合会、上海市经济团体联合会牵头主办，上海市商业联合会和上海市企业联合会共同组织开展。本次评选旨在激励工商业领军人物和广大企业家奋发有为，为上海培育发展新质生产力、加快建设"五个中心"和现代化产业体系作出新贡献，共有67位各行各业的企业家当选。（第七届上海市工商业领军人物证书）陈力博士拥有30多年新药研发及管理经验。2004年从美国回到上海，参与创建了跨国公司在上海的第一家研发中心--罗氏研发中心，把国际新药研发的先进经验、人才理念、技术标准和质量管理体系带到了中国，为中国生物医药产业环境的建立作出了贡献。自2010年创立华领医药以来，他始终致力于糖尿病领域的新药研发，不断攻克技术难点，填补国内空白，把技术优势转化为产业优势和发展动能，引领公司抢占糖尿病治疗的未来发展制高点，在葡萄糖激酶激活剂（GKA）领域取得了重大突破。在陈力博士的带领下，运用血糖稳态治疗理念，华领医药自主研发的全球首创、中国首发、国家一类新药GKA多格列艾汀（商品名：华堂宁®）于2022年9月成功获得国家药品监督管理局（NMPA）的上市批准，开创了全新的糖尿病治疗手段，填补了全球GKA研发的空白。多格列艾汀的研发历程和成功上市，不仅体现了陈力博士在科学研究上的创新精神和执着探索，也代表了中国创新药企业管理者的领军作用。（陈力博士代表获奖企业家作交流发言）在创新研发的道路上，通过实践联合创新模式，与产业链上的企业密切合作、共享资源，陈力博士也与广大创新药先行者们共同带动了生物医药产业生态的繁荣发展。展望未来，陈力博士还将带领华领医药在创新的道路上继续前行，不断探索糖尿病治疗领域的新方向。华领医药已在积极推进第二代GKA和多格列艾汀固定复方制剂的开发，以期在糖尿病个性化治疗以及糖尿病并发症等领域取得进展。公司也将继续拓展代谢性疾病领域的创新药研发，利用已有的技术积累和研发经验，结合大数据和人工智能技术,在免疫稳态和神经稳态方面，探索更多治疗空间，为中国乃至全球患者带来更多的好药、新药，为推动科技创新、培育新质生产力、建设现代化产业体系作出新的贡献。关于华领华领医药（"本公司"）是一家总部位于中国上海的创新药物研发和商业化公司，在美国、中国香港设立了公司。华领医药专注于未被满足的医疗需求，为全球患者开发全新疗法。华领医药汇聚全球医药行业高素质人才，融合全球创新技术，依托全球优势资源，研究开发突破性的技术和产品，引领全球糖尿病医疗创新。公司核心产品华堂宁®（多格列艾汀片）以葡萄糖传感器葡萄糖激酶为靶点，提升2型糖尿病患者的葡萄糖敏感性，改善患者血糖稳态失调。2022年9月30日，华堂宁®已获得中国国家药品监督管理局（NMPA）的上市批准，用于单独用药或者与二甲双胍联合用药，治疗成人2型糖尿病。对于肾功能不全患者，无需调整剂量，是一款可用于肾功能损伤的2型糖尿病患者的口服降糖药物。详情垂询华领医药网址：www.huamedicine.com投资者电邮：ir@huamedicine.com媒体电邮：pr@huamedicine.com Copyright 2025 亚太商讯 via SeaPRwire.com.

MUMBAI, INDIA, Mar 13, 2025 - (ACN Newswire via SeaPRwire.com) - SRKay Consulting Group has released a groundbreaking whitepaper, “New-Shoring: The Next Evolution in Global Expansion,” providing data-driven insights into why companies are rapidly moving away from traditional offshoring models and embracing New-Shoring as a future-proof strategy.With geopolitical tensions, supply chain disruptions, and rising labour costs impacting global businesses, organizations are actively seeking new locations that offer regulatory stability, skilled talent, and operational resilience. According to the whitepaper, 76% of CEOs now see New-Shoring as a long-term transformation strategy, rather than a cost-cutting measure.Key Highlights from the WhitepaperWhy Offshoring is No Longer Sustainable:35% of executives rank political stability as the top concern when selecting new expansion locations.83% of North American and 90% of European businesses are actively diversifying their supply chains post-pandemic.China’s labor costs have surged by over 15% annually, reducing its cost-advantage.New-Shoring: The Strategic ShiftIndia (75%), Vietnam (70%), and Mexico (55%) are the top New-Shoring destinations based on workforce availability, infrastructure, and policy incentives.22% of global executives now use AI-powered site selection for risk mitigation and operational efficiency.57% of enterprises prioritize sustainability and ESG compliance in location selection.Case Studies from Industry LeadersApple – Shifting iPhone production to India to diversify its manufacturing footprint.Tesla – Expanding Gigafactories in Mexico for nearshoring closer to the U.S. market.Boeing – Investing in Mexico’s aerospace hub to improve supply chain efficiency.The Future of Global ExpansionAI-driven automation, hybrid workforce models, and geopolitical realignments will define business expansion strategies over the next five years.Companies that embrace New-Shoring will gain a competitive advantage in resilience, speed-to-market, and innovation.As per Karunjit Kumar Dhir, CEO of SRKay Consulting Group:"New-Shoring isn’t just about cutting costs—it’s about ensuring long-term stability and business resilience. Our latest whitepaper outlines a strategic framework for companies looking to make this shift effectively."Why Download the WhitepaperDiscover which global destinations offer the best opportunities for New-Shoring.✔ Gain insights into AI-driven decision-making for site selection and risk assessment.✔ Explore real-world case studies showcasing how top companies are making the shift successfully.Download the Whitepaper today and future-proof your global expansion strategy.About SRKay Consulting GroupWith operations in eight countries, SRKay Consulting Group is a trusted partner for businesses navigating global expansion, New-Shoring, and offshore transformation strategies. The firm specializes in regulatory compliance, digital transformation, and operational excellence, helping enterprises unlock growth opportunities in emerging markets.For media inquiries, partnerships, and whitepaper access:Komaldeep KaurEmail: Komal@mianext.comExplore More: www.srkay.com Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 18, 2025 - (ACN Newswire via SeaPRwire.com) - China Lilang Limited (“China Lilang” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1234) today announced its results for the year 2024.Mr. Wang Dong Xing, Chairman and Non-Executive Director of China Lilang, said:“In 2024, amidst persistent global complexity and volatility, the prospects of geopolitical and economic environment remain complex and the impact of trade tariffs on real economy is unpredictable. As a leading player in the industry, the Group firmly promoted its strategic transformation during the year, leveraging technology to improve corporate management. It strengthened its domestic sales network and further optimized the channel layout effectively with distributors and various partners to improve operational efficiency and achieve higher quality and healthy growth."During the year, the Group’s revenue increased by 3.0% year-on-year to RMB3.65 billion. Notably, the smart casual collection grew by 27.2%, mainly benefiting from the strong increase in average single store sales and the significant results in new retail channels, continuing the positive momentum from 2023. The core collection recorded a decrease in sales of 3.0%, mainly due to the Group’s recovery of distribution rights in the three provinces of the North-Eastern China region and Jiangsu Province for the transition to a direct-to-consumer (DTC) model for operation, which resulted in a decline of sales in the distribution business. In addition, the Group paid compensation to former distributors in these four provinces, the amount of which was directly deducted from sales revenue.The gross profit margin decreased slightly by 0.5 percentage point year-on-year to 47.7%, mainly due to the one-off compensation paid to distributors and the decrease in the reversal of inventory provision. Profit Attributable to Shareholders was RMB461 million (2023: RMB530 million). Profit margin attributable to shareholders reached 12.6% (2023: 15.0%). Earnings per share were RMB38.51 cents.During the year, the Group maintained a healthy financial position and sufficient cash flow. The Board recommends a final dividend of HK9 cents per share and a special final dividend of HK3 cents per share. Together with the interim dividend already paid, the total dividend for the year amounted to HK30 cents per share, maintaining a stable dividend payout ratio.In response to the strong development trend of new retail, the Group adopted a new strategy to transform its e-commerce platform from a channel for clearing inventory to a retail outlets for new products . The Group also continued to strengthen new retail’s platform positioning, and opened multiple online channels such as “Pinduoduo” and “Poizon” on top of the original e-commerce channels. New retail sales for the year grew by 24% year on year.In the face of ever-changing market trends, China Lilang adopted flexible strategies to steadfastly embrace transformation. Through its diversified sales channels and precise market positioning, the Group’s products and services are more closely aligned with the buying habits of Chinese menswear consumers, thereby driving sales growth. The Group advanced its channel transformation during the year. The DTC model was first implemented for the “LILANZ” core collection in North-Eastern China and Jiangsu Province, replacing the previous model operated by distributors. Within less than a year of implementation, these initiatives have already generated significant growth for the Group in North-Eastern China and Jiangsu Province and are expected to provide even greater contributions to the Group’s long-term performance. In addition, the Group has also adopted the direct-to-retail model and the direct-to-retail e-commerce model for its smart casual collection. As at the end of December 2024, the Group had a total of 2,451 core collection stores and a total of 322 smart casual collection stores, for a total of 2,773 stores, a net increase of 78 over the same period last year. In terms of brand promotion, the Group has actively explored various new marketing approaches, with a focus on “innovation, quality, and youthfulness” as key themes. Through initiatives such as brand strategy upgrades, celebrity endorsements, digital marketing, and corporate social responsibility efforts, the Group has continuously innovated its core collection and smart casual collection. These efforts have successfully reached consumers across cities of different tiers and age groups.The Group’s “Multi-brands and Internationalization” development strategy entered a substantive stage last year, and the Group started to work with international companies to enrich its product portfolio. The Group acquired the brand ownership of premier golf appareal brand “MUNSINGWEAR” within the PRC by means of a controlling joint venture structure in August last year and the related inventory take-over work is progressing smoothly. In addition, the Group’s plan to open international stores in Malaysia is well on track.In 2025, China Lilang will continue to leverage its advantages to drive reform and transformation and seize opportunities arising from market consolidation. The Group aims to achieve a net increase of 100 stores in 2025, and will prioritize the opening of new stores in premium shopping malls in provincial capitals and prefecture-level cities, locating the stores in areas with high foot traffic and high consumption potential. In addition, it will increase the scale of store openings in outlets to attract consumers with reasonable prices and effectively clear inventories. At the same time, it will flexibly close underperforming stores and strictly control costs and expenses to enhance overall store performance and ensure precise allocation of resources to the target consumer group.To sustain the strong momentum of the new retail business and seize market opportunities, the Group will increase sales of new products online during the year, targeting to raise the proportion of new product sales to 80% of total e-commerce sales. The Group also aims to achieve a growth of 15% or more in new retail business and an overall sales growth of no less than 10% in 2025.The Group will advance its “Multi-brand and Internationalization” development strategy as planned. The online sales of its joint venture company “MUNSINGWEAR” are expected to officially commence during the first half of this year, while the first physical store will be opened in the second half. In addition, the Group’s plan to open the first store in Malaysia in the first half of the year is progressing smoothly. This will enable the Group to achieve its goal of operating three brands – “LILANZ”, “LESS IS MORE” and “MUNSINGWEAR”, in the Chinese and Malaysian markets by the end of 2025, marking the official venture of Lilang brands of household words domestically, into the international market.Mr. Wang Dong Xing, concluded, “We remain cautiously optimistic as we face the challenges and opportunities that lie ahead. While persistently pursuing the established strategies and driving the growth of our new retail business, we will also strive to expand our market share and enhance brand competitiveness by advancing the ‘Multi-brand and Internationalization’ strategy. We are committed to realizing higher quality and sustainable growth, strengthening our leadership position in the menswear industry, providing consumers with premium products and services, and maximizing value for shareholders."About China LilangChina Lilang is one of the leading PRC menswear enterprises. As an integrated fashion enterprise, the Group designs, sources and manufactures high-quality business and casual apparel for men and sells under brands of LILANZ LESS IS MORE across an extensive distribution network, covering 31 provinces, autonomous regions and municipalities in the PRC. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 17, 2025 - (ACN Newswire via SeaPRwire.com) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the “REIT”; stock code: 405) announced its annual results for the year ended 31 December 2024.Yuexiu REIT Management Team: Chairman, Chief Executive Officer and Executive Director Mr. LIN Deliang (third from the left), Deputy Chief Executive Office and Executive Director Ms. OU Haijing (second from the left), Chief Financial Officer Mr. KWAN Chi Fai (first from the left), and Investor Relations Director Mr. JIANG Yongjin (fourth from the left)2024 Annual Results Highlights:- Overall operation was stable, with total revenue of RMB2,032 million (2023: RMB2,087 million).- Net property income stood at RMB1,445 million (2023: RMB1,475 million).- As at 31 December 2024, the overall occupancy rate of the properties was 84.5%, which is well in line with the previous year.- The Manager has partially waived the manager’s fees to mitigate the impact of the economic downturn on the REIT’s performance- The final distribution to the Unitholders for the period will be approximately RMB0.0254, equivalent to HK$0.0275. Distribution per Unit for the year will be approximately RMB0.0625, equivalent to HK$0.0680. Distribution yield is 7.08% per Unit for the year.- To enhance the REIT’s financial flexibility, the distribution ratio for the period from 1 July 2024 to 31 December 2024 has been adjusted to 90%, resulting in an overall full-year distribution ratio reaching approximately 96%.Guangzhou International Finance Center (GZIFC):- Operating revenue of the GZIFC complex was RMB1,008 million, accounting for 49.6% of the REIT’s total revenue.- The office building of GZIFC successfully renewed leases with a number of quality tenants, with a renewal rate of more than 80% achieved for the year.- Newly introduced brands to the GZIFC Shopping Mall which recorded a year-on-year increase in sales of more than 15% as compared with the existing brands, leading to a 7.4% increase in annual customer flow as compared with the same period last year. GZIFC Shopping Mall recorded a high occupancy rate of 98.3% as at the end of the year, which aligns favourably with the previous year.- The average occupancy rate of Four Seasons Hotel and Ascott Serviced Apartments recorded increases of 1.6 percentage points and 0.3 percentage point, respectively, with the annual revenue of the Apartments reaching a record high.Yuexiu Financial Tower:- Yuexiu Financial Tower recorded operating revenue of approximately RMB362 million, with the occupancy rate at 83.7%.- Successfully renewed leases for more than 26,000 sq.m. for the year, achieving a renewal rate of more than 60%, which contributed to the continuous improvement in the tenant structure.Proactive Management of Financing Risk and Effective Stabilisation of Financing Cost- With regard to the 5-year bonds of HK$1.12 billion, the 3-year syndicated loan of HK$4.8 billion, and the remaining portion of the 3-year syndicated loan of HK$1.2 billion, all due in 2024, the Manager obtained a short-term loan of RMB530 million, a 3-year loan of HK$1.12 billion, a 3-year loan of RMB2.8 billion, and a 3-year HK$1,805 million equivalent HKD/RMB loan during the year, to refinance the maturing loans so as to ensure effective monitoring of liquidity risk.- Taking advantage of the position of the RMB interest rate market, the Manager continued to research various financing instruments and actively adjusted the financing structure in order to minimise the impact of the interest rate market on the operating results of Yuexiu REIT. A total of over RMB4.5 billion in loans were obtained in February and December 2024 to refinance offshore HKD floating rate loans, hence, the overall financing costs of Yuexiu REIT have been effectively reduced.- While maintaining appropriate floating rate exposure, the Manager proactively adjusted the financing structure to minimise the impact of the interest rate market. At the end of 2024, the overall interest rate of Yuexiu REIT’s financing was 4.16% per annum, representing a decrease of 58 basis points from 4.74% at the beginning of the year; the average interest payment rate for the year was 4.53%, representing a year-on-year decrease of 7 basis points from 4.60% in 2023.- The Manager adjusted the financing structure and timely used foreign exchange hedging tools at a reasonable cost to monitor foreign exchange exposure, with the proportion of RMB financing rising from 39% at the beginning of 2024 to 60% at the end of the year.Mr. LIN Deliang, Chairman, Chief Executive Officer and Executive Director of Yuexiu REIT, said, "China faced a series of macroeconomic challenges in 2024, including insufficient demand, weak consumption and an ongoing downturn in investments. In the face of operating pressure, the Manager has nonetheless remained firmly confident, strengthening risk management, formulating asset management strategies based on a thorough assessment of the actual situation, and making every effort to stabilize operating fundamentals. Specifically, for office buildings, the Manager increased the supply of furnished units to meet market demand, and successfully introduced a number of quality tenants, thereby effectively shortening the business solicitation cycle. For retail shopping malls, the Manager introduced emerging popular brands, while at the same time boosting customer flow and consumption by organising activities with diverse themes. For hotels, the Manager formulated flexible pricing strategies to seize market share and enhance the reputation of their catering facilities. As for the specialised market, the Manager helped boost tenant sales by tapping multiple channels, which facilitated the steady recovery of both rental levels and occupancy rates. Through such effective asset management efforts, the Manager has taken full advantage of favourable policies and market opportunities, and effectively secured the operating income for Yuexiu REIT during the year, even though high interest rates weakened overall distribution”Guangzhou International Finance Center (GZIFC)GZIFC took a leading position in terms of tenant loyalty and market competitiveness among peers with its good tenant structure and supportive service system. This year, the office building component of GZIFC prioritised occupancy stability and successfully renewed leases with several quality tenants under the “one distinctive policy for each key customer” strategy, achieving a renewal rate of over 80% for the year, thus effectively securing high-quality customer resources. To match the market demand, GZIFC launched small- and medium-size furnished units with a total area of approximately 7,200 sq.m., of which more than 80% were rented out within the year. During the year, GZIFC enabled two renowned law firms and an investment company to expand their existing lease areas by more than 3,800 sq.m. in aggregate, and introduced quality new tenants to take up more than 5,000 sq.m.. The occupancy rate of the office building of GZIFC was 85.3% at the end of the period, which is well in line with the previous year.During the year, the retail shopping mall GZIFC Shopping Mall actively rationalized its brand portfolio and optimized the tenant structure, introducing new merchants such as bakeries, fast food chains, high-end cafes and trendy snack shops to address the demand for business and dining convenience. Newly introduced brands recorded a year-on-year increase in sales of more than 15% as compared with the existing brands, effectively boosting the sales of the shopping mall. GZIFC Shopping Mall also organised a series of activities which have gained tremendous popularity, including its 8th anniversary celebration event, the “Wandering Acquaintance Festival” summer programme, and the exclusive joint activities of The Phantom of the Opera - Guangzhou Station, staged at the Guangzhou Opera House. By doing so, GZIFC Shopping Mall has activated the scene atmosphere and attracted customer traffic, leading to an 7.4% year-on-year increase in annual customer flow. GZIFC Shopping Mall recorded a high occupancy rate of 98.3% at the end of the period, also well in line with the previous year.In 2024, the average occupancy rate of Four Seasons Hotel reached 81.5%, representing a year-on-year increase of 1.6 percentage points. The average room rate was RMB2,136, representing a year-on-year decrease of 4.6%. By formulating flexible pricing strategies and capitalising on the market demand from the international trade fairs and holiday economy, Four Seasons Hotel has seized a share of the high-end market. The revenue per available room (RevPAR) was RMB1,740, and the RevPAR competitive index of the hotel was 114.8, maintaining a dominant position among major hotel competitors for the eleventh consecutive year. Moreover, the Chinese restaurants of Four Seasons Hotel have won multiple Michelin awards. Yu Yue Heen retained its title of “one Michelin star” restaurant in Guangzhou, CATCH was awarded the 2024 “Michelin Guide Selected Restaurant (Plate Award)” in Guangzhou, and the Chinese Executive Chef won the 2024 “Michelin Guide Young Chef Award” in Guangzhou.In 2024, the average occupancy rate of Ascott Serviced Apartments reached 90.5%, representing a year-on-year increase of 0.3 percentage point. The average room rate was RMB1,119, representing a year-on-year increase of 0.1%. The RevPAR was RMB1,013, representing a year-on-year increase of 0.5%, and the RevPAR competitive index reached 140, maintaining a high level among competing apartments. By accurately interpreting the changing trends of its customers, and particularly the long-stay needs of its core customer groups, the Apartments’ long-term rental business has achieved a renewal rate of nearly 50%. Meanwhile, as the rise in inbound foreign tourists led to an increase in the number of short-stay customers, annual revenue has hit a record high. Moreover, the Apartments have ranked first both in operating revenue and gross operating profit (GOP) in Ascott China for nine consecutive years since 2016.Yuexiu Financial TowerYuexiu Financial Tower successfully renewed leases for more than 26,000 sq.m. for the year, achieving a renewal rate of over 60%. To enhance the attractiveness of its products, Yuexiu Financial Tower proactively analysed the needs of potential customers and launched furnished units with a total area of approximately 14,000 sq.m. for the year, of which more than 90% were successfully rented out within the year, effectively shortening the business solicitation cycle and supporting rental levels. The newly introduced tenants included a major domestic law firm and four premium financial enterprises, which contributed to the ongoing improvement in tenant structure. For tenants who had significant reductions in rental costs, Yuexiu Financial Tower successfully retained six such tenants upon expiration of their leases by employing such strategies as relocating to another floor or reducing the leased area. This reflected the business solicitation team’s ability to take a pragmatic approach. Yuexiu Financial Tower recorded an occupancy rate of 83.7% at the end of the year, representing a year-on-year decline of 4.8 percentage points.White Horse BuildingDuring the year, White Horse Building continued to consolidate its position as the “China Brand Apparel International Trading Center”, and successfully renewed leases with existing customers as well as introduced several quality tenants. The occupancy rate of White Horse Building climbed to 97.1% at the end of the year, a new five-year high, while revenue grew by 12.1% year on year. Together with its 11 original premium apparel brands, White Horse Building participated in the 2024 China International Fashion Fair. It held the 2024 Guangzhou Baima Garment Market Procurement Festival, and made its debut at the 2024 China (Guangzhou) International Fashion Industry Conference, artfully incorporating elements of the 2025 National Games and inviting sports champions and elites to visit the stores. It also took the initiative to explore new digital models and promote the construction of a smart market. During the year, it officially launched the Baima Smart Selection platform, on which 276 brands have been introduced so far. At the same time, it utilised technologies such as AI fitting, VR shopping and live broadcasting to create the second performance growth curve for online transactions.Fortune Plaza and City Development PlazaFortune Plaza introduced many quality tenants during the year, including a leading daily necessities company, thus further optimising its tenant structure. The business solicitation team seamlessly introduced a technology company to take up the whole floor vacated by a tenant who did not renew its lease, and successfully renewed leases with many quality tenants, including an international investment company with a petrochemical industry background. Fortune Plaza recorded an occupancy rate of 92.4% at the end of the year, well in line with the previous year. During the year, City Development Plaza successfully introduced a government-owned sports services agency, which not only improved the occupancy rate, but also expanded its reputation in the industry. During the year, City Development Plaza renewed leases with three quality tenants for a total of approximately 2,300 sq.m., and the occupancy rate climbed to 92.7%, representing a year-on-year increase of 4 percentage points.Victory PlazaVictory Plaza actively stabilized the sales of its anchor tenant “Uniqlo” Victory Plaza Shop, with the number of customers visiting the shop increasing by 4% year-on-year, and its annual sales ranked first in China once again. The mall’s customer flow for the year increased by 5% year on year as events with diverse themes were organized jointly with IKEA, Sleep Hub, Book Center, Information Times, etc. It also introduced two branded aesthetic medicine companies to further enrich the consumption scenarios. Victory Plaza recorded a newly contracted area of more than 1,300 sq.m. and renewed leasing area exceeded 1,200 sq.m. for the year, with an occupancy rate of 96.6%, representing a year-on-year increase of 3.1 percentage points.Shanghai Yue Xiu TowerShanghai Yue Xiu Tower launched furnished products to meet tenants’ need for easy occupancy, and recorded a newly contracted area of more than 9,900 sq.m. for the year, the largest since 2020. In order to improve the risk resilience of its tenant structure, Shanghai Yue Xiu Tower actively introduced certain quality tenants from the commercial services and information technology sectors during the year, including a renowned new energy vehicle joint venture and a well-known joint venture that provides digital technology services. Owing to the lease renewal plans formulated in advance, which are based on the principle of “one distinctive policy for each key customer”, Shanghai Yue Xiu Tower achieved a renewal rate of over 70%, and the occupancy rate was 89.5% at the end of the year, corresponding well with the previous year.Wuhan PropertiesWuhan Yuexiu Fortune Centre continued to promote the renovation and adjustment of vacant units and offered more small- and medium-size products, which drove the newly contracted area to over 27,000 sq.m. for the year, and a number of quality tenants were introduced as well. More than 19,000 sq.m. of leasing area were renewed with certain outstanding enterprises during the year, including a top 500 liquor enterprise in China, a top 500 dairy company in China, and the Hubei branch of a global leading elevator company, leading to a renewal rate of more than 60%.Starry Victoria Shopping Centre continued to optimise different business formats for its portfolios. By tapping deeply into emerging brands that are popular among consumers, it enriched the range of children-related amenities and activated the overall retail atmosphere. The shopping mall recorded a 21% year-on-year increase in customer flow and an 8% year-on-year sales increase for the year. The business solicitation team successfully retained five merchants with large leasing areas, and engaged new tenants in advance to seamlessly take up expiring areas. The newly contracted area exceeded 6,600 sq.m., and the occupancy rate was 90% at the end of the year, which aligns favourably with the previous year.Hangzhou VictoryHangzhou Victory successfully renewed leases for more than 10,000 sq.m., including with a local internet technology company from Zhejiang, and the Zhejiang branch of a provincial state-owned enterprise from Shanxi Province. Hangzhou Victory introduced a number of quality tenants during the year, including a biotech company, an asset management company, and a Fortune 500 construction company. Hangzhou Victory maintained a high occupancy rate of 97.7% at the end of the year.ProspectsThe global environment remains complex and challenging, with increasing geopolitical uncertainties and growing trade concerns. While economic growth and inflation have slowed in the United States, a wait-and-see sentiment has prevailed toward the pace of interest rate cuts by the US Federal Reserve. Moreover, the rates on the US dollar and Hong Kong dollar are expected to remain at high levels for a certain period of time. Regarding China, it regards economic stability as its top priority, hence has adopted a moderately loose monetary policy to boost the economy, and vigorously stimulated investment and consumption to expand domestic demand. The RMB interest rates remain at a relatively low level. New quality productive forces are growing at an accelerated pace and are expected to create new industrial momentum.The Manager will maintain a prudent and optimistic stance, and implement positive and pragmatic operating strategies to manage risks proactively, in an effort to generate stable returns for the Unitholders. In terms of asset management, the Manager will keep abreast of economic developments and trends and implement proactive, reasonable and flexible leasing strategies, while at the same time integrating the concepts of low-carbon, green, intelligent, and healthy practices into all aspects of business operations. By continuously reviewing the growth potential of the asset portfolio, the Manager will be able to keenly seize potential investment opportunities that emerge, further enhance the competitiveness of the portfolio, and promote sustainable development.In terms of financing management, in light of rising foreign interest rates and the relatively low value of the RMB, the Manager will continue to examine and make reasonable adjustments to its financing structure based on expectations about market developments. It will also introduce low-cost RMB financing through various RMB financing channels to seek more favourable financing costs to offset interest rate risk.With respect to renovation projects, the Manager is planning to invest primarily in asset appreciation projects for GZIFC, Yuexiu Financial Tower, White Horse Building, Fortune Plaza, City Development Plaza, Shanghai Yue Xiu Tower, Wuhan Yuexiu Fortune Centre, and Hangzhou Victory, to preserve the value and promote the appreciation of these properties, as well as ensure their sound operation.About Yuexiu Real Estate Investment TrustYuexiu Real Estate Investment Trust ("Yuexiu REIT") was listed on the Hong Kong Stock Exchange of Hong Kong Limited on 21 December 2005 and is the first listed real estate investment trust only investing in properties in the People's Republic of China (the "PRC") in the world. The current property portfolio comprises ten high quality properties, namely Guangzhou International Finance Center, White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza, Yuexiu Financial Tower in Guangzhou, Yuexiu Tower in Shanghai, Wuhan Properties in Wuhan (including Wuhan Yuexiu Fortune Centre and Starry Victoria Shopping Centre), Victory Business Centre in Hangzhou and Yuexiu Building in Hong Kong, with a total area of ownership of approximately 1.184 million sq.m. All properties are located in the central business district of Guangzhou, Shanghai, Wuhan, Hangzhou and Hong Kong respectively. The categories of the properties include Grade-A offices, commercial complexes, retail business, hotel, serviced apartments and professional clothing market etc.For media enquiries:Strategic Financial Relations LimitedVicky LeeTel: +852 2864 4834Email:sprg_yx@sprg.com.hkPhoebe LeungTel: +852 2114 4172Lilia YangTel: +852 2864 4833Websitehttp://www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.