China Everbright Holdings(00165.HK)2025 Annual net loss is HKD 2.008 billion, an increase of approximately 5.2% year-on-year

Gelonghui March 26丨China Everbright Holdings (00165.HK) released its performance for the year 2025. During the reporting period, the group’s total revenue was HKD 1.643 billion, compared to HKD 344 million in the same period last year, an increase of HKD 1.299 billion year-on-year. During the reporting period, the net loss attributable to the company’s shareholders was HKD 2.008 billion, compared to a loss of HKD 1.909 billion last year, an increase of approximately 5.2% year-on-year. The loss per share was HKD 1.19, and the board of directors declared a final dividend of HKD 0.05 per share for 2025.

The main reasons for the year-on-year change in revenue are: (1) In 2025, the group’s customer contract revenue was HKD 322 million, a decrease of HKD 85 million compared to the same period last year. During the reporting period, the group achieved management fee revenue of HKD 72 million, a decrease of HKD 77 million compared to the same period last year, and performance fees and consulting fees amounted to HKD 28 million, a decrease of HKD 7 million compared to the same period last year.

(2) The group’s investment income was HKD 998 million, compared to an investment loss of HKD 54 million in the same period last year, achieving a turnaround from loss to profit. Among them, the investment loss in the primary market fund was HKD 102 million, a decrease of HKD 84 million compared to a loss of HKD 186 million in the same period last year, mainly due to the market recovery leading to a rebound in the valuations of investment projects, but affected by the valuation adjustments of related real estate fund projects, the primary market fund investment still did not turn around for the year. The secondary market fund achieved investment income of HKD 407 million, a year-on-year increase of 35%. The mother fund achieved investment income of HKD 190 million, turning around compared to a loss in the same period last year. The investment returns from own funds benefited from the rebound in the valuations of certain projects, achieving investment income of HKD 503 million during the reporting period, turning around compared to a loss in the same period last year.

(3) During the reporting period, the group’s share of profits from joint ventures decreased to a loss of HKD 429 million, an increase of HKD 425 million compared to the same period last year, of which the share of profits from Everbright Securities increased by HKD 147 million compared to the same period last year, the share of profits from Zhongfei Leasing increased by HKD 30 million compared to the same period last year, and the share of losses from Everbright Pension decreased by HKD 130 million compared to the same period last year.