Hang Lung Group Limited

0010
Failed

Company Overview

Hang Lung Group Limited (HKEx stock code: 00010) is one of the most experienced listed companies in Hong Kong, with over 60 years of experience in the property development market. Through our subsidiary Hang Lung Properties Limited (HKEx stock code: 00101), we enjoy a prestigious position in Hong Kong and the Mainland, and are recognized as a top “customer-oriented” and quality-oriented real estate developer. We have a large portfolio of properties in Hong Kong, including large shopping malls, office buildings and residential properties for sale and rent, all of which are known for their careful planning and excellent location. As early as the early 1990s, we made our first investment in the mainland, taking the first step in developing our business in the mainland in the future. Our business strategy in the Mainland is to develop top quality properties in prime locations in major cities. Today, the Group's property portfolio in mainland China includes two large-scale investment properties in Shanghai, including Shanghai Ganghui Hang Lung Plaza, which combines shopping malls, office buildings and residences, and Shanghai Hang Lung Plaza, which combines the functions of a shopping mall and office building. In addition, it also has the Imperial City Hang Lung Plaza and the municipal Hang Lung Plaza in Shenyang, as well as Hang Lung Plaza located in Jinan, Wuxi, Tianjin, Dalian, Kunming and Wuhan, respectively. We are building on the success of these projects to develop Hangzhou Hang Lung Plaza, which is also a world-class project in Hangzhou. As our business base and network grow, we understand that the Group has a significant impact on the environment and communities where it operates, and also needs to shoulder greater responsibilities and obligations for the next generation. Following the formulation of a series of 2030 sustainable development goals and indicators, we have further set 25 targets to be achieved by the end of 2025 (“25x25 Sustainability Index” or “25x25”), and promised to achieve net zero value chain greenhouse gas emissions by 2050, develop specific and quantifiable measures to address major sustainable development challenges, and set a clear agenda for our goal of becoming the world's leading sustainable real estate company. We and our subsidiary Hang Lung Properties adhere to the brand philosophy of “only choose what is good, only do the right”.

Country
HK
Market Cap
$1.86B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
48.18% failed
5% Threshold
48.2%
Liabilities Compliance
350.30% failed
33% Threshold
350.3%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Hang Lung Group Limited
Ticker 0010
Main Business Real Estate Services
Type Common Stock
Industry Real Estate Investment
Country HK
Market Cap $1.86 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Property lease $5,520.0 $0.0 -
Property sales $2.0 $0.0 -
Interest income $73,000.0 $73,000.0 -
Total $78,522.0 $73,000.0 48.18% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $567,948,717.9 30.61%
long term bank loan $5,930,769,230.8 319.69%
Total Interest-Bearing Debt $6,498,717,948.7 350.30%
Market Capitalization $1,855,179,487.2 100.00%
Compliance Status Threshold: 33% failed