Abstract: Even the Li Ka-shing family couldn’t withstand the impact: CK Asset Holdings’ property sales revenue plummets by 40%. “We don’t have a must-win mentality.” In the past half of the financial year, CK Asset Holdings, under the leadership of Victor Li, has not been able to halt the decline in net profits. The good news is that the seeds sown in overseas markets are gradually entering the harvest period, providing CK Asset Holdings with room for maneuver.
According to the 2024 interim report of CK Asset Holdings, during the reporting period, the group achieved a profit attributable to shareholders of HKD 8.63 billion, a decrease of 16.47% compared to HKD 10.331 billion in the first half of 2023. The decline in net profit is attributed to the reduction in property sales revenue recognition, leading to a decrease in profit contribution. In the first half of this year, CK Asset Holdings achieved property sales revenue of HKD 4. 635 billion, a year-on-year decrease of 43.79%; and achieved revenue of HKD 1.821 billion, a year-on-year decrease of 48.41%.