Hong Kong Ferry (00050-hk) announced that its unaudited profit for the six months ended June 30, 2020 was 18.16 million yuan, down 79% year on year. The interim interest was distributed at HK $10 per share, unchanged from the same period last year. During the period, the revenue was 105 million yuan, a year-on-year decrease of 38.3%, due to the decrease of ferry and shipyard business income. Among them, 50.5% belongs to the gross rental income of shops. According to the group, the first half profit mainly comes from the rental income of shops, which is expected to continue in the second half of the year. < / P > < p > in June 2018, the group successfully won the contract for the Urban Renewal Authority’s Guilin street / TongZhou Street Redevelopment Project in Sham Shui Po. The group is responsible for the construction of the project. The total floor area of the whole project is about 144345 square feet. After the development, the group will obtain about 97845 square feet of residential floor area. The project is expected to be completed in 2023. The foundation works have been completed and the cover works are ready to start. At present, the interest rates of US dollar and Hong Kong dollar are at low levels. The demand for small and medium-sized residential buildings in Hong Kong is stable. Therefore, the price of property has not been reduced significantly. However, the income of shops has been reduced and the value of assets has declined to varying degrees due to more rent relief provided by owners. < / P > < p > the group will continue to sell residential units of “Diyu” project in batches to meet the market demand. It is estimated that if there are no unforeseen factors, the profit of the group in the second half of the year will still mainly come from the rental income of shops.