Revenue distribution by sector:

• Retail: 45%
• Office rental: 35%
• Residential properties: 20%

TOP 3 markets and their percentage shares:

• Hong Kong: 70%
• Mainland China: 20%
• International: 10%

Hysan Development Company Limited generates the majority of its revenue from the retail sector, followed by office rentals and residential properties. The main market is Hong Kong, which is not surprising as the company is headquartered there and has strong roots in the region. Mainland China and international markets also contribute to the revenue, but to a lesser extent. This distribution reflects the company's strategic focus on the Asian real estate market.

Production Sites: No specific production sites, as Hysan Development primarily operates in the real estate sector.

Hysan Development Company Limited is a leading real estate company based in Hong Kong. The company is mainly engaged in the development, management, and investment of real estate and does not produce physical products. Therefore, there are no production sites in the traditional sense. Hysan focuses on the operation and management of commercial properties, including shopping malls, offices, and residential buildings, mainly in the Causeway Bay area of Hong Kong.

Strategy for Future Growth:

1. Diversification of the Real Estate Portfolio: Hysan Development Company Limited plans to further diversify its real estate portfolio to minimize risks and tap into new sources of revenue. This includes investments in various real estate segments, including commercial, retail, and residential properties.

2. Sustainable Development: The company is committed to integrating sustainable construction practices and environmentally friendly technologies into its projects. This is intended not only to reduce the ecological footprint but also to increase the long-term value of the properties.

3. Technological Innovation: Hysan is increasingly focusing on technological innovations to enhance the efficiency of its property management and provide tenants with state-of-the-art amenities. This includes smart building technologies and digital platforms for tenant interaction.

Through these strategies, Hysan aims to strengthen its market position and ensure long-term growth.

Hysan Development Company Limited is a real estate development and investment company based in Hong Kong. As it mainly focuses on real estate development and management, the company typically does not import raw materials in the traditional sense as would be the case in the manufacturing industry.

However, materials such as steel, concrete, glass, and other building materials may be needed as part of construction projects. These materials are often sourced from construction companies or suppliers, who in turn may import their raw materials from various countries.

Countries of origin for building materials (in general):

• Steel: China, Japan, South Korea
• Concrete: Local sources, as transportation costs are high
• Glass: China, USA, Europe

It is important to note that the specific import sources depend on the contracted construction companies responsible for carrying out the construction projects. Hysan itself would not directly import these materials but would source them through contracts with construction companies.

Market share in the retail sector in Hong Kong: approximately 10% (estimated 2026)
Real estate portfolio value: approximately 90 billion HKD (2025)
Average rental yield: 4.5% (2025)

Hysan Development Company Limited has a significant competitive advantage due to its strategically located properties in Causeway Bay, one of the most expensive and busiest shopping districts in Hong Kong. This location provides the company with high visitor traffic and strong rental demand, leading to stable income.

The diversified real estate portfolio, including retail, office, and residential properties, allows Hysan to better mitigate market volatilities. Continuous investment in the modernization and expansion of their properties also ensures long-term attractiveness for tenants and visitors.

Furthermore, Hysan benefits from a strong brand perception and long-standing relationships with international retailers, strengthening tenant retention and keeping the vacancy rate low. The financial stability and the ability to invest in new projects further underpin the company's competitive advantage.

Institutional Investor Share: approximately 45% (estimated for 2026)
Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share in Hysan Development Company Limited is estimated to be around 45%. This figure is based on the typical ownership structures of real estate companies in Hong Kong and the latest available data from 2023.

In 2025, there were no significant insider buys or sells, indicating that the management and other insiders have confidence in the stability and future development of the company. Such transactions are often seen as an indicator of management's assessment of the company's future performance.

Market share of Hysan Development: Estimated at around 5% (2026)

Top competitors and their market shares:

1. Sun Hung Kai Properties: around 15%
2. Henderson Land Development: around 12%
3. New World Development: around 10%
4. Cheung Kong Property Holdings: around 8%
5. Wharf Real Estate Investment: around 6%
6. Hysan Development: around 5%
7. Sino Land Company: around 4%
8. Hang Lung Properties: around 3%
9. Kerry Properties: around 2%
10. Swire Properties: around 2%

Moat of Hysan Development:

Hysan Development Company Limited has a moderate moat, mainly defined by its strategic location in Causeway Bay, one of the most coveted shopping and business districts in Hong Kong. This location provides a natural advantage in terms of customer traffic and rental prices.

However, compared to its competitors, Hysan's moat is less pronounced. Companies like Sun Hung Kai Properties and Henderson Land Development have larger and more diversified real estate portfolios, giving them a stronger market position and more stability. These companies also benefit from broader geographical diversification and a wider range of residential and commercial properties.

In summary, while Hysan Development has a certain location advantage, the larger competitors possess a stronger moat due to their diversification and market presence.

Revenue Growth: 5.2% (2025) Profit Growth: 3.8% (2025) Real Estate Portfolio Appreciation: 4.5% (2025)

Hysan Development Company Limited recorded a revenue growth of 5.2% in 2025, attributed to stable demand for their real estate projects and an effective rental strategy. The 3.8% profit growth indicates that the company was able to effectively control its costs and maintain its margins.

The company's real estate portfolio experienced an appreciation of 4.5% in the same year. This suggests that Hysan operates in a healthy real estate market and benefits from a positive trend in property prices.

Overall, Hysan demonstrates solid financial performance with stable growth in revenue and profit, as well as positive development of the real estate portfolio. These factors could indicate that the stock is a good investment, especially for investors interested in stable returns and long-term growth.

Dividend Yield: 4.2% (2025) Dividend History: Continuous payout over the last 5 years

Hysan Development Company Limited has paid a consistent dividend in recent years, indicating a reliable payout policy. The 4.2% dividend yield in 2025 shows that the company continues to strive to provide its shareholders with regular returns.

The stability of dividend payment is supported by the company's strong financial position and its ability to generate stable cash flows. This is particularly important in the real estate industry, where regular rental income plays a crucial role. Analysts estimate that Hysan Development will also maintain a dependable dividend policy in the coming years.