According to Zhitong Finance App, Yingjun (00041) announced its interim results for the six months ended June 30, 2023. The group achieved revenue of HK$5.082 billion, up 24.23% year on year; core business revenue of HK$3.63 billion, up 22.3% year on year; core profit of HK$1.11 billion after tax, up 116.3% year on year; profit attributable to shareholders of HK$479 million, up 286.44% year on year; profit attributable to shareholders of HK$0.64 million per share, proposed to issue an interim dividend of HK$0.370.37 per share.

During the reporting period, the Group continued to adopt active management measures to improve operational efficiency while enriching the welfare and experience of tenants and customers. As the hotel industry recovers, the Group has begun construction projects for the New Langham Hotel in Venice, and continues to carry out large-scale renovation projects for the Chelsea Hotel in Toronto in stages, as well as strategic planning to reconstruct the current Chelsea Hotel site as an apartment hotel complex. In addition, the company will expand its new mid-range hotel brand Ying'nFlo to Hong Kong, China and mainland China. The second Ying'nFLO Wesley Hotel, located in Admiralty, Hong Kong, China, is scheduled to open in the fourth quarter of 2023.

The company's core operating revenue increased by 47.4% to HK$1.64 billion (first half of 2022: HK$1,113 million), mainly due to the strong operating performance of the global hotel portfolio. Among them, the hotel segment's profit before tax, interest, depreciation and amortization (EBITDA) was HK$422 million, up 220.2% over the same period last year (first half of 2022: HK$132 million). The sharp rise in EBITDA was mainly due to a continued recovery in global hotel portfolio demand after measures related to the novel coronavirus were completely lifted (excluding three LHI hotels in Hong Kong, China).