Zhitong Financial APP News, Bailibao Holdings (00617) issued an announcement that for the six months ended June 30, 2021, the company's income was HK $1.111 billion, up 34% from the same period last year; the loss attributable to shareholders was HK $136 million, down 75.6% from the same period last year; and the basic loss per share was HK15.77 cents.

According to the announcement, the group's core hotel business continues to be seriously affected by the 2019 coronavirus outbreak, which is mainly operated through the company's subsidiary Regal Hotels International Holdings Limited Regal Hotels International Holdings Limited. Although the rich can maintain the overall operating profit of their hotel business, the amount contributed by this business segment is much lower than its normal level before the epidemic.

In addition, the significant decrease in losses compared with the same period in 2020 is mainly attributable to the increased profit contribution from the property sales completed during the period developed by the company's subsidiary Pariot Holdings Limited (which is a joint venture company with 50 parts and 50 interests each), which is located in Kau to, Sha Tin, and fair value gains on investment property and financial assets. And a reduction in impairment losses on other assets and a reduction in financing costs arising from the reduction in the current interbank offered rate.