Financial Performance - The company reported a consolidated profit of HK$31.12 million for the six months ended December 31, 2021, compared to a loss of HK$58.75 million for the same period in 2020, marking a significant turnaround[2]. - Consolidated operating revenue for the six months ended December 31, 2021, was HK$36.80 million, down 11.5% from HK$41.41 million in the previous year[3]. - The company achieved a consolidated operating profit of HK$22.74 million, a decrease of 62.9% from HK$61.31 million in the same period last year[3]. - The earnings per share for the period was HK$0.69, compared to a loss per share of HK$1.30 in the previous year[3]. - Total comprehensive income for the period was HK$4.50 million, down from HK$62.51 million in the same period last year[4]. - The company reported a foreign exchange loss of HK$158.49 million due to the translation of overseas financial statements[6]. - The company’s financial income for the six months ended December 31, 2021, was HK$3.57 million, a significant decrease from HK$38.80 million in the previous year[3]. - The group reported a total revenue of HKD 77,492,000 for the period ending December 31, 2021, compared to HKD 61,309,000 for the same period in 2020, reflecting a significant increase[18]. - The group incurred a net loss before tax of HKD 49,559,000, compared to a loss of HKD 63,762,000 in the previous year[18]. Assets and Liabilities - Non-current assets as of December 31, 2021, amounted to HK$6.53 billion, an increase from HK$5.65 billion as of June 30, 2021[5]. - The company's total equity decreased to HK$7.99 billion from HK$8.08 billion as of June 30, 2021[5]. - The company’s total liabilities increased to HK$126.58 million from HK$48.59 million as of June 30, 2021[5]. - The company’s total assets as of December 31, 2021, amounted to HKD 8,169,886,000, with property development and investment assets at HKD 6,421,214,000[15]. - The group’s total assets amounted to HKD 8,179,896,000, with property development and investment contributing HKD 5,532,201,000[18]. - The total liabilities included non-current liabilities of HKD 5,724,938,000 and current liabilities of HKD 68,341,000, indicating a significant leverage position[48]. Cash Flow - Operating cash inflow for the six months ended December 31, 2021, was HKD 20,022,000, a decrease of 30.5% from HKD 28,953,000 in 2020[8]. - Net cash inflow from operating activities after tax payments was HKD 14,651,000, down from HKD 20,297,000, reflecting a decline of 27.8%[8]. - The company reported a total cash and cash equivalents balance of HKD 633,558,000 as of December 31, 2021, down from HKD 1,119,748,000 in 2020, a decline of 43.4%[8]. - The company’s net cash outflow from investment activities was HKD 479,523,000 for the six months ended December 31, 2021, compared to HKD 247,136,000 in 2020, indicating increased investment expenditures[8]. Dividends and Shareholder Value - The company declared an interim dividend of HKD 0.10 per share and a special dividend of HKD 1.00 per share for the year ending June 30, 2022, totaling HKD 1.10 per share[35]. - The company plans to balance regular dividend payments with retaining sufficient cash reserves for reinvestment to enhance shareholder value[35]. - The company’s policy is to determine dividend levels based on after-tax recurring income, with special dividends considered for other profits after evaluating reinvestment opportunities[35]. Development Projects - The company has ongoing development projects, including a residential and commercial project in Chai Wan with a total construction area of approximately 64,500 square meters[38]. - The company completed site preparation and related works for its Chai Wan development project, with land purification and foundation works currently in progress[38]. - The reconstruction of the Chai Wan bus depot, in which the group holds a 20% stake, is progressing as planned, with foundation works underway[41]. Market Conditions - The Hong Kong economy is projected to grow by 6.4% in 2021, but the growth rate for 2022 is uncertain due to the impact of the Omicron variant, inflation, and geopolitical issues[41]. - The local property market showed signs of stabilization before the fifth wave of COVID-19, with a slowdown in rental declines in the office market[41]. Corporate Governance - The board believes that the company has complied with the corporate governance code, except for the absence of a nomination committee, which is managed by the board itself[50]. - The independent review report confirmed that the interim financial report was prepared in accordance with the relevant provisions of the Listing Rules and Hong Kong Accounting Standards[51]. - No significant issues were found that would indicate the interim financial report was not prepared in accordance with the relevant accounting standards[53].

Financial Performance - The company reported a net profit of HKD 1.2 billion for the fiscal year ending June 30, 2021, representing a 15% increase compared to the previous year[5]. - The total revenue for the same period was HKD 5.5 billion, reflecting a growth of 10% year-over-year[5]. - The company reported a loss attributable to shareholders of HKD 18 million, compared to a profit of HKD 111 million in 2020, primarily due to revaluation losses on investment properties[30]. - Rental income for the year was HKD 78 million, down from HKD 83 million in 2020, reflecting a decline in occupancy rates due to weak market demand and competition[30]. - The company’s operating profit for the year was HKD 95 million, compared to HKD 91 million in the previous year, mainly due to higher foreign exchange gains[30]. - The company reported a net loss attributable to shareholders of HKD 17,922,000, compared to a profit of HKD 111,495,000 in 2020, representing a significant decline[116]. - The operating profit for the year was HKD 95,291,000, an increase of 4.9% from HKD 90,792,000 in 2020[116]. - The company recognized a net revaluation loss of investment properties amounting to HKD 17,376,000, compared to a loss of HKD 216,170,000 in the previous year[116]. - The company’s total comprehensive income for the year attributable to shareholders was HKD 120,931,000, compared to HKD 71,065,000 in 2020, showing an improvement[117]. Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.50 per share for the fiscal year, maintaining the same level as the previous year[5]. - The company has proposed a final dividend of HKD 0.10 per share and a special dividend of HKD 1.70 per share for the fiscal year ending June 30, 2021, subject to shareholder approval[14]. - The first interim dividend of HKD 0.10 per share and a special dividend of HKD 1.00 per share were distributed on June 23, 2021[14]. - The second interim dividend of HKD 0.30 per share is scheduled for distribution on October 21, 2021[14]. - The company aims to distribute dividends three times a year, balancing regular dividends and cash reserves for reinvestment[14]. - The board proposed a final dividend of HKD 0.10 per share and a special dividend of HKD 1.70 per share, totaling HKD 3.20 per share for the year, compared to HKD 27.50 per share in the previous year[97]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share over the next two years[5]. - New product launches are expected to contribute an additional HKD 500 million in revenue in the upcoming fiscal year[5]. - The company plans to focus on the redevelopment of Lot 88 in Chai Wan, with a land premium of slightly over HKD 900 million expected to be paid in the fiscal year ending June 30, 2022[39]. - The company will seek quality investment opportunities during the adjustment period of the real estate market[39]. - The company is cautiously considering new investment opportunities while exploring other ways to enhance shareholder value[101]. Sustainability and ESG Initiatives - The board emphasized a commitment to sustainable practices, aiming for a 30% reduction in carbon emissions by 2025[5]. - The ESG report covers the performance and activities of the group in environmental, social, and governance aspects for the period from July 1, 2020, to June 30, 2021[43]. - The report emphasizes the importance of stakeholder communication to understand sustainability concerns and improve performance[46]. - The group prioritizes sustainability management strategies in property investment, focusing on resource usage, employee health and safety, labor standards, and anti-corruption[54]. - The group has established emergency procedures to handle extreme weather events and their impact on daily operations[63]. Corporate Governance - The board of directors includes independent non-executive directors, ensuring compliance with independence standards[15]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with its provisions[78]. - The audit committee held three meetings during the fiscal year, with all members present at each meeting[88]. - The remuneration committee held two meetings during the fiscal year, with all members attending both[87]. - The board confirmed that the preparation of the group's financial statements is the responsibility of the directors[91]. Financial Position and Assets - The company held cash and cash equivalents of HKD 1.121 billion as of June 30, 2021, down from HKD 1.309 billion in 2020[31]. - The company has no bank borrowings or issued debt capital as of June 30, 2021[32]. - The fair value of the investment properties held by the group amounted to HKD 25.25 billion, representing 31% of the total assets as of June 30, 2021[110]. - The net asset value of the group's share in joint ventures was HKD 15.15 billion, accounting for 19% of total assets as of June 30, 2021[110]. - The total assets as of 2021 amounted to $8,179,896,000, a decrease from $8,478,242,000 in 2020, representing a decline of about 3.5%[147]. Employee and Labor Practices - Total employee costs for the group, including salaries, bonuses, social insurance, and provident fund, are detailed in the financial statements[26]. - The employee turnover rate for male employees was 10.53%, while for female employees it was 5.26% during the reporting period[65]. - The company reported a training percentage of 25% for male employees and 0% for female employees in the reporting period[68]. - Senior management received an average of 14.50 hours of training, while non-management employees received 0 hours[68]. - The company has established a recruitment policy to ensure compliance with age requirements and prevent child labor[70]. Risk Management and Compliance - The company has no significant transactions or contracts that would give directors a substantial interest[24]. - The company did not grant any share purchase rights to directors or senior executives during the year[20]. - The company has not identified any significant risks related to environmental protection issues, such as air and greenhouse gas emissions, during its daily operations[57]. - The company has implemented measures for shareholder meetings in response to the ongoing COVID-19 pandemic, including temperature checks and mask requirements[10]. - The company has no external capital restrictions imposed by any external parties, maintaining flexibility in capital management[195].

Financial Performance - The company reported a revenue of HKD 1.2 billion for the fiscal year ending June 30, 2020, representing a 10% increase compared to the previous year[2]. - The group's profit attributable to shareholders after tax was HKD 111 million, a decrease from HKD 1.39 billion in 2019, primarily due to revaluation losses on investment properties[44]. - The group's revenue from rental income for the year was HKD 83 million, down from HKD 88 million in 2019[44]. - The group's operating profit for the year was HKD 91 million, an increase from HKD 60 million in the previous year, reflecting higher interest income[44]. - The group's audited consolidated profit for the fiscal year ending June 30, 2020, was HKD 111 million, a decrease from HKD 1.391 billion in the previous year, primarily due to revaluation losses on investment properties[105]. - The group's operating profit for the same period was HKD 91 million, compared to HKD 60 million last year, reflecting higher interest income[105]. - The total revenue for the year ended June 30, 2020, was HK$82,972,000, a decrease of 6.1% from HK$88,417,000 in 2019[140]. - Financial income significantly increased to HK$43,340,000, up 392.5% from HK$8,775,000 in the previous year[140]. - Net profit attributable to shareholders decreased to HK$111,495,000, down 91.99% from HK$1,391,331,000 in 2019[143]. - Basic and diluted earnings per share dropped to HK$2.46 from HK$30.71, reflecting a decline of 91.98%[140]. Dividends - The board proposed a final dividend of HKD 0.50 per share, maintaining a stable dividend policy despite market challenges[2]. - The company has proposed a final dividend of HKD 0.10 per share and a special dividend of HKD 8.00 per share for the fiscal year ending June 30, 2020, compared to HKD 0.10 and HKD 1.80 respectively for the previous year[20]. - The first interim dividend of HKD 0.10 per share and a special dividend of HKD 19.00 per share were distributed on June 23, 2020, compared to HKD 0.10 and HKD 1.00 for the previous year[20]. - The company aims to distribute dividends three times a year, with the first interim dividend typically declared around February, the second in July, and the final dividend at the annual general meeting in November[19]. - The board proposed a final dividend of HKD 0.10 per share and a special dividend of HKD 8.00 per share, totaling HKD 27.50 per share for the year, up from HKD 21.30 per share last year[105]. Market Expansion and Strategy - The user base grew by 15% year-over-year, reaching 500,000 active users as of June 30, 2020[2]. - The company expects a revenue growth of 8% to 12% for the upcoming fiscal year, driven by new product launches and market expansion strategies[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[2]. - A strategic acquisition of a local competitor is anticipated, which is expected to enhance the company's service offerings and customer base[2]. - The company is exploring partnerships with technology firms to leverage AI and data analytics for better market insights and customer engagement[2]. Sustainability and Corporate Governance - The management highlighted a commitment to sustainability initiatives, aiming for a 30% reduction in carbon footprint by 2025[2]. - The group encourages employees to reuse paper and implement double-sided printing to save paper[67]. - The group has committed to high ethical standards and has established a reporting system for employees to report suspicious illegal activities without fear of retaliation[74]. - The group adheres to the corporate governance code as per the Hong Kong Stock Exchange Listing Rules and has maintained compliance throughout the reporting period[78]. - The board is responsible for recommending directors for re-election and ensuring diversity in its composition, including factors such as gender, race, and professional skills[89]. Shareholder Information - As of June 30, 2020, Dr. Henry Yan holds 7,206,843 shares, representing 15.91% of the issued shares, while Ms. Kwan holds 5,230,813 shares, representing 11.54%[25]. - The company has suspended stock transfer and shareholder registration from December 10 to December 11, 2020, to determine eligible shareholders for the proposed dividends[12]. - The company encourages shareholders to appoint a representative to vote at the annual general meeting due to ongoing COVID-19 restrictions[12]. - The company’s registered office and principal place of business is located at 510 King's Road, North Point, Hong Kong[14]. Financial Position and Assets - The total assets of the group decreased to $8,478,242,000 in 2020 from $10,516,126,000 in 2019, a decline of 19.4%[195]. - The group reported a loss of $216,170,000 from the revaluation of investment properties in 2020, compared to a gain of $173,172,000 in 2019[195]. - The group’s cash and cash equivalents were $1,309,255,000 in 2020, down from $1,443,125,000 in 2019, a decrease of 9.3%[195]. - The group’s total liabilities decreased to $84,903,000 in 2020 from $413,245,000 in 2019, a reduction of 79.5%[195]. - The group’s equity in the associated company as of June 30, 2020, was HKD 2.699 billion, down from HKD 4.705 billion in 2019[51]. Employee and Director Compensation - The total remuneration for the five highest-paid employees (excluding directors) increased from $1,858,000 in 2019 to $2,055,000 in 2020, an increase of approximately 10.6%[200]. - The total remuneration for directors in 2020 was $9,082,000, compared to $7,775,000 in 2019, reflecting an increase of about 16.8%[199]. - The total amount paid to independent non-executive directors increased from HKD 360,000 in 2019 to HKD 704,000 in 2020, an increase of approximately 95.6%[199]. Audit and Compliance - The external auditor, KPMG, charged HKD 4.1 million for audit services, HKD 260,000 for tax services, and HKD 70,000 for other audit-related services during the fiscal year[90]. - The audit committee held two meetings during the fiscal year, with all members attending both meetings, ensuring effective oversight of financial reporting and risk management[91]. - The board has confirmed that the preparation of the group's financial statements is the responsibility of the directors, with an independent auditor's report provided for the fiscal year ending June 30, 2020[97]. - The company has no internal audit function currently, as the board believes it is not necessary given the group's structure and scale[93].