股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | 狀態: 新提交 | | --- | --- | | 截至月份: | 2025年8月31日 | 致：香港交易及結算所有限公司 FF301 FF301 II. 已發行股份及/或庫存股份變動 公司名稱: 達力集團有限公司 呈交日期: 2025年9月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00029 | 說明 | 達力集團 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 300,000,000 | HKD | | 1 HKD | | 300,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 300,000,000 | HKD ...

MACD金叉信号形成，这些股涨势不错！ 2025年8月26日，*ST天龙(300029.SZ)发布2025年半年度报告。截至2025年8月25日，共有3个机构投资 者披露持有*ST天龙A股股份，合计持股量达4096.71万股，占*ST天龙总股本的20.43%。其中，机构投 资者包括大有控股有限公司、广州龙朔企业管理合伙企业(有限合伙)、常州诺亚科技有限公司，机构投 资者合计持股比例达20.43%。相较于上一季度，机构持股比例合计下跌了4.20个百分点。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 達力集團有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00029 | 說明 | 達力集團 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 300,000,000 | HKD | | 1 HKD | | | 300,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | 0 | | 本月底結存 | | | 300,000,000 | HKD | | 1 HKD | | | 300,000,000 | 本月底法定/註冊股本總額： HKD 300,000,000 ...

格隆汇7月29日丨*ST天龙(300029.SZ)公布，公司董事会秘书项新周先生持有公司的股份数量为95,000股 (占公司总股本比例0.0474%)，其计划自公告披露之日起20个交易日之后的2个月内(窗口期不减持)以集 中竞价交易方式减持公司股份不超过2.3750万股(占公司总股本比例0.0118%)。 ...

Financial Performance - Total revenue for the six months ended December 31, 2024, was HKD 33,784,000, a decrease of approximately 12% compared to HKD 38,307,000 in the previous period[10] - Gross profit for the same period was HKD 22,196,000, down about 11% from HKD 24,914,000, with a slight increase in gross margin to 66% from 65%[10] - The company reported a loss attributable to shareholders of HKD 42,182,000, contrasting with a profit of HKD 5,365,693,000 in the previous period, resulting in a basic loss per share of HKD 0.1775[12] - The overall comprehensive loss attributable to shareholders was HKD 148,591,000, compared to a comprehensive income of HKD 5,436,647,000 in the previous period[12] - The company reported a net cash inflow from operating activities of HKD 4,334 thousand for the six months ended December 31, 2024, compared to HKD 3,908 thousand for the same period in 2023, indicating an increase of about 10.9%[61] - The total comprehensive loss for the period was HKD 149,135,000, a significant decline from a comprehensive income of HKD 5,437,572,000 in 2023[53] - Basic loss per share was HKD 17.75, compared to earnings per share of HKD 2,257.30 in the prior year[53] Investment Properties - The fair value impairment of investment properties totaled HKD 64,162,000, compared to HKD 13,338,000 in the previous period, reflecting a challenging market environment[11] - Rental income from investment properties in mainland China was RMB 30,933,000, down approximately 12% from RMB 34,995,000 in the previous period[15] - The fair value of investment properties decreased by RMB 58,748,000, equivalent to HKD 64,162,000, compared to RMB 12,185,000 or HKD 13,338,000 in the previous period[15] - The fair value of investment properties in Shanghai decreased to RMB 47,014,000, leading to a loss of RMB 33,512,000[18] - The fair value of investment properties decreased to HKD 1,748,590,000 from HKD 1,838,227,000, reflecting a loss of HKD 64,162,000 during the period[76] Dividends and Share Capital - The company declared an interim dividend of HKD 0.005 per share, consistent with the previous period[13] - As of December 31, 2024, Dr. Chen Yongzai holds a total of 93,701,279 shares, representing approximately 39.42% of the issued share capital[31] - Zedra Asia Limited holds 89,321,279 shares, accounting for approximately 37.58% of the issued share capital as of December 31, 2024[36] - The company will suspend share transfer registration from March 31, 2025, to April 3, 2025, for mid-term dividend eligibility[30] Market Conditions - Despite challenges in the real estate sector, signs of economic recovery in China are expected to stabilize the market and boost consumer sentiment[28] - In Beijing, the retail market is anticipated to stabilize due to improved consumer spending supported by policy measures[28] - The office market in Shanghai faces pressure on rental rates and occupancy due to a continuous influx of new office space and weak demand[29] - Shenzhen's real estate market is expected to strengthen, with recent land auction prices reaching historical highs, reflecting increased market confidence[29] Company Operations and Strategy - The company is developing a multi-purpose land in Shenzhen with a total area of approximately 65,000 square meters and a developable floor area of about 179,000 square meters[20] - The company has initiated development on the Shenzhen land and is collaborating with government departments on planning[22] - The company plans to enhance leasing and marketing strategies to maintain occupancy rates and recurring income[29] Financial Position - Total bank borrowings remained zero, resulting in a debt ratio of zero[25] - Cash and bank deposits amounted to HKD 423,753,000 as of December 31, 2024[26] - Non-current assets decreased to HKD 1,754,989,000 from HKD 1,846,256,000 as of June 30, 2024[55] - Current assets totaled HKD 13,053,783,000, slightly down from HKD 13,235,899,000[55] - The company’s total liabilities decreased to HKD 14,628,605 thousand as of December 31, 2024, from HKD 14,903,695 thousand as of June 30, 2024, indicating a reduction of about 1.83%[56] Related Party Transactions - The company’s related party transactions included a total of HKD 1,100,000 in consultancy fees paid during the six months ending December 31, 2024[92] - Management fee expenses to related parties increased to HKD 1,424,000 in the six months ending December 31, 2024, from HKD 1,176,000 in the same period in 2023[92] - The total interest expense on lease liabilities to related parties was HKD 149,000 for the six months ending December 31, 2024, compared to HKD 22,000 in the same period in 2023[92] Employee Compensation - The company employed approximately 50 staff members as of December 31, 2024, with compensation aligned with current market levels[39] - The total remuneration for key management personnel was HKD 1,476,000 for the six months ending December 31, 2024, down from HKD 1,906,000 for the same period in 2023[93] Stock Options - The 2021 stock option plan allows for a maximum of 10% of the company's issued share capital, equating to 23,770,368 shares, to be issued upon exercise of options[89] - No stock options were issued, granted, unexercised, exercised, or lapsed under the 2021 plan during the six months ending December 31, 2024[90] - The company has a policy that if the total number of shares issued or to be issued exceeds 1% of the issued share capital, further grants require shareholder approval[90]

Financial Performance - For the six months ending December 31, 2024, the company reported revenue of HKD 33,784,000, a decrease of 1.6% compared to HKD 38,307,000 in the same period of 2023[4] - The gross profit for the same period was HKD 22,196,000, down 11% from HKD 24,914,000 year-on-year[4] - The company incurred a loss before tax of HKD 53,618,000, compared to a profit of HKD 12,615,624,000 in the previous year[4] - Total comprehensive loss for the period amounted to HKD 149,135,000, compared to a total comprehensive income of HKD 5,437,572,000 in the same period last year[5] - The company reported a basic loss per share of HKD 17.75 for the period, compared to earnings per share of HKD 2,257.30 in the previous year[5] - The group reported a significant decrease in share of profits from joint ventures, with no profits allocated for the current period compared to HKD 12,635,773,000 in the previous period[16] - The group recorded a loss attributable to shareholders of HKD 42,182,000, compared to a profit of HKD 5,365,693,000 in the previous year, resulting in a basic loss per share of HKD 0.1775[48] - The overall comprehensive loss attributable to shareholders was HKD 148,591,000, compared to comprehensive income of HKD 5,436,647,000 in the previous year[49] Assets and Liabilities - Non-current assets decreased from HKD 1,846,256,000 as of June 30, 2024, to HKD 1,754,989,000 as of December 31, 2024[7] - Current assets decreased slightly from HKD 13,235,899,000 to HKD 13,053,783,000 during the same period[7] - The company's total equity attributable to owners decreased from HKD 7,354,705,000 to HKD 7,204,925,000[9] - The fair value of investment properties decreased significantly, with a loss of HKD 64,162,000 compared to a loss of HKD 13,338,000 in the previous year[4] - The group's total liabilities included a deferred tax liability of HKD 13,457,000 for the current period, contrasting with a substantial deferred tax asset of HKD 7,247,310,000 in the previous period[22] - The fair value of the group's investment properties decreased by HKD 64,162,000 as of December 31, 2024, compared to a loss of HKD 13,338,000 for the six months ending December 31, 2023[31] Revenue Segments - The property leasing segment generated revenue of HKD 14,103,000 in Beijing and HKD 14,874,000 in Shanghai, while the property development segment in Shenzhen reported no revenue[16] - Rental income from investment properties in major cities (Shanghai and Beijing) totaled RMB 30,933,000, reflecting a decrease of approximately 12% compared to RMB 34,995,000 in the previous year[52] - Rental income in Beijing decreased by approximately 5% to RMB 12,913,000, accounting for 42% of the total revenue, up from 39% in the previous year[54] - In Shanghai, rental income fell by about 16% to RMB 18,020,000, representing 58% of total revenue, down from 61% in the previous year[57] Expenses - Administrative expenses were reported at HKD 16,006,000, a decrease from HKD 31,679,000 in the same period last year[4] - The group incurred financing costs of HKD 149,000 for the six months ended December 31, 2024, compared to HKD 22,000 in the same period of 2023[16] Investments and Joint Ventures - The group’s investment cost in the joint venture, Shenzhen Zhenhua, is HKD 74,386,000 as of December 31, 2024, unchanged from June 30, 2024[33] - The group injected RMB 42,840,000 into Zhenhua, representing an 80% equity stake prior to the arbitration decisions made in 2008 and 2010[34] - The group holds a 49% equity interest in Zhenhua, which has been accounted for using the equity method since June 30, 2009[35] - The group has not recognized an additional profit share of HKD 10,368,000 from Zhenhua as of December 31, 2024, which was unchanged from June 30, 2024[36] - The company holds a 49% equity interest in a joint venture, which reported a profit of zero, down from RMB 11,543,284,000 in the previous year due to a one-time fair value gain from land allocation[61] Future Outlook and Strategies - The company anticipates a stabilization in the retail market in Beijing due to improved consumer spending and supportive policies[70] - In Shenzhen, the real estate market is expected to strengthen, with recent land auction prices reaching historical highs, reflecting increased market confidence[71] - The company plans to enhance leasing and marketing strategies to attract new tenants and retain existing ones amid pressures in the Shanghai office market[70] - The company expects significant capital expenditures for land development, which will be funded through internal resources and bank financing[66] Corporate Governance - The company has adhered to the corporate governance principles as per the listing rules until December 31, 2024[77] - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[78]

Company Overview - Dynamic Holdings Limited is a premier property group in mainland China, focusing on property investment, with major operations in property rental in Beijing and Shanghai, and property development in Shenzhen[5][4]. Sustainability Commitment - The Group emphasizes sustainability, integrating environmental, social, and governance (ESG) issues into its corporate culture and operations, aiming to create long-term shared value for stakeholders[6][10]. - The Group has committed to reducing its carbon footprint and promoting sustainable practices, actively exploring opportunities to preserve natural resources[3][8]. - The Group aims to achieve targets for greenhouse gas (GHG) emissions reduction, energy conservation, and waste generation through specific measures and new technologies[11]. - The Group has implemented several green initiatives to demonstrate its long-term commitment to environmental protection[45]. - The Group aims to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, aligning with national "dual carbon" goals[103]. ESG Reporting and Governance - The ESG Report complies with the mandatory disclosure requirements outlined in the ESG Reporting Guide of the Stock Exchange of Hong Kong Limited[15][14]. - The governance structure includes a Board of Directors and an ESG working group to oversee ESG performance and strategies[24]. - The Group has engaged an independent ESG consultant to assist in the preparation of the report and provide ESG-related consultancy services[29]. - Key performance indicators (KPIs) are disclosed quantitatively to facilitate objective evaluation of ESG performance[19]. - The Group has initiated a materiality assessment to address relevant ESG issues based on industry trends and regulatory requirements, including SASB and MSCI ESG Ratings[37]. Stakeholder Engagement - The Group prioritizes stakeholder engagement to shape sustainability strategies, utilizing various communication channels[33]. - Continuous communication with stakeholders is maintained to understand their viewpoints and expectations[33]. - Stakeholder engagement has provided valuable insights into strategic development and contributed to the preparation of the ESG report[36]. - The Group will continue to actively engage with stakeholders and review internal policies to enhance ESG management and performance[42]. Environmental Performance - Total greenhouse gas emissions for the year ended June 30, 2024, were 2,329.2 tonnes CO2e, an increase of 7.5% from 2,166.4 tonnes CO2e in the previous year[54]. - Scope 2 emissions from purchased electricity decreased significantly from 2,124.5 tonnes CO2e in 2023 to 1,146.03 tonnes CO2e in 2024, representing a reduction of approximately 46%[54]. - The intensity of greenhouse gas emissions increased from 27.2 tonnes CO2e per HK$ million in 2023 to 32.5 tonnes CO2e per HK$ million in 2024[54]. - Non-hazardous waste generated increased from 0.95 tonnes in 2023 to 1.65 tonnes in 2024, marking a 73.7% rise[60]. - The density of non-hazardous waste per HK$ million revenue rose from 11.85 kg to 23.02 kg, indicating a significant increase in waste intensity[60]. - The company aims to promote a zero-waste office culture and has implemented measures to reduce non-hazardous waste generation[63]. - Energy consumption for the year ended June 30, 2024, totaled 2,105.0 MWh, a decrease from 3,822.6 MWh for the year ended June 30, 2023, representing a reduction of approximately 45%[73]. - Total water consumption increased to 28,845.0 m³ for the year ended June 30, 2024, compared to 18,644.2 m³ for the year ended June 30, 2023, representing a 54.0% increase[86]. Employee Well-being and Safety - The Group prioritizes employee well-being by providing ergonomic office furniture to reduce fatigue and the risk of musculoskeletal disorders[126]. - The Group provides comprehensive health benefits, including group medical, personal accident, and life insurance coverage[126]. - There were no work-related fatalities or lost days due to work injury during the Reporting Period[125]. - Regular safety hazard assessments and air quality control measures are implemented to enhance workplace safety[124]. - The Group signed the Mental Health Workplace Charter and participated in the World Day for Safety and Health at Work in April 2024[129]. Training and Development - The percentage of trained employees for the year ended June 30, 2024, was 55.8%, a decrease from 57.7% for the year ended June 30, 2023[138]. - The average training hours completed per employee increased to 20.1 hours for the year ended June 30, 2024, compared to 20.4 hours for the year ended June 30, 2023[138]. - The Group offers a range of internal and external training opportunities to enable employees to acquire essential skills and knowledge[134]. Compliance and Risk Management - Compliance with relevant laws and regulations is emphasized to mitigate risks that could negatively impact the Group[31]. - The Group conducts assessments on significant environmental, social, and governance risks affecting operations[28]. - The Group has established comprehensive risk management procedures to identify, monitor, and manage climate change impacts[96]. - The Group has not been aware of any material non-compliance with laws and regulations related to providing a safe working environment during the reporting period[132]. Community Engagement - The Group participated in the "Love Teeth Day" event, donating to enhance oral health services for the needy, demonstrating commitment to community investment[162]. - The Group encourages employees to participate in the "Skip Lunch Day" event in March 2024, promoting donations to support services for street sleepers and residents in cage homes[162]. - The Group's community investment initiatives aim to enhance the well-being of the communities it serves, reflecting its commitment to social responsibility[161].

Financial Performance - The financial year ending June 30, 2024, is reported with significant developments in the company's performance[5]. - For the financial year ended 30 June 2024, the Group reported total revenue of HK$71,573,000, a decrease of approximately 10% compared to HK$79,734,000 in 2023[8]. - The gross profit for the year was HK$44,965,000, reflecting an 18% decline from HK$54,752,000 in the previous year, with a gross profit margin of 63% (2023: 69%) due to reduced rental revenue from investment properties in mainland China[8][10]. - The Group recorded other income, gains, or losses of HK$3,083,000, down from HK$17,346,000 in 2023, primarily from bank interest income of HK$7,032,000 and a net exchange gain of HK$4,297,000[9]. - The profit attributable to shareholders for the year was HK$5,353,955,000, significantly up from HK$6,634,000 in 2023, with basic earnings per share of HK$22.52 compared to HK$0.028 in the previous year[10]. - The other comprehensive income for the year was HK$18,460,000, a turnaround from an expense of HK$156,787,000 in 2023, due to a 1% appreciation of RMB against HKD[10]. Market and Operational Insights - The company aims to enhance its market presence through strategic expansions and potential acquisitions[5]. - New product and technology developments are underway, focusing on innovation to drive future growth[5]. - The rental income from investment properties in Shanghai and Beijing was RMB65,215,000, down about 8% from RMB71,093,000 in 2023, contributing to the overall revenue[15]. - The average occupancy rate in Beijing improved to 86% from 78% in the previous year, contributing to the increase in rental income[19]. - The average occupancy rate in Shanghai dropped to 83% from 89% in the previous year, primarily due to a weak leasing market and tenant defaults[20]. - The Group's total revenue composition shifted, with Beijing's contribution increasing and Shanghai's decreasing compared to the previous year[19][20]. Corporate Governance - The company is committed to maintaining transparency and good corporate governance practices[2]. - The board of directors includes key executives such as Dr. Tan Lucio C. as Chairman and Chiu Siu Hung, Allan as CEO[2]. - The company has established a robust audit committee led by independent directors to ensure financial integrity[2]. - The Company has established an internal corporate governance code to facilitate compliance with the Corporate Governance Code[62]. - The Board is responsible for setting the overall strategic direction and monitoring the financial performance and internal controls of the group[66]. - The Company has adopted a shareholders communication policy to enhance transparency and regularly collects feedback from shareholders[114]. Risk Management - The Group faces significant financial risks due to fair value fluctuations of investment properties, which constitute the highest proportion of total assets[138]. - The Group is exposed to higher risks from macroeconomic factors, particularly volatility in the Renminbi and market interest rates, which could significantly affect operational results[150]. - The Company aims to enhance its enterprise risk management framework and policies as part of its sustainable development goals[106]. - The ongoing litigation regarding relocation compensation claims may lead to significant financial liabilities for the Group[144]. - The Group's proactive measures include optimizing tenant mix and providing competitive rental packages to mitigate risks in property leasing[147]. Shareholder Information - The annual general meeting is scheduled for December 13, 2024, with a last registration date of December 9, 2024[4]. - The final dividend payment is set for January 7, 2025, following the last registration date of December 16, 2024[4]. - A final dividend of 0.5 Hong Kong cents per share was paid on January 9, 2024, for the year ended June 30, 2023, with an interim dividend of 0.5 Hong Kong cents per share totaling HK$1,189,000 paid during the year[161]. - The total dividends for the year ended June 30, 2024, will amount to 1 Hong Kong cent per share, aggregating to HK$1,189,000[161]. - The company's distributable reserves as of June 30, 2024, amounted to HK$163,303,000 in retained profits[170]. Board Composition and Diversity - The Board currently consists of three female members and seven male members, indicating a diversified gender composition[88]. - The Company has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee, each with defined terms of reference[82]. - The Nomination Committee is responsible for reviewing the composition, structure, and diversity of the Board, ensuring candidates meet the standards set out in the Listing Rules[84]. - All Independent Non-executive Directors confirmed their independence annually, with those serving over 9 years requiring separate shareholder approval for further appointment[80]. - The independent non-executive directors have extensive senior managerial experience in various industries, including banking and aluminum products[59][60]. Financial Position and Liquidity - As of June 30, 2024, the equity attributable to the owners amounted to RMB 6,712,492,000, a significant increase from RMB 1,830,193,000 on June 30, 2023[31]. - The net asset value per share increased to HK$30.94 as of June 30, 2024, compared to HK$8.35 on June 30, 2023[33]. - The Group maintained a total bank borrowing of nil as of June 30, 2024, consistent with the previous year[33]. - The Group's net current assets rose to HK$13,057,439,000 as of June 30, 2024, compared to HK$346,741,000 on June 30, 2023, reflecting improved liquidity[34]. - The current ratio increased to 74.17 as of June 30, 2024, up from 3.82 in the previous year, indicating enhanced financial stability[34]. Development and Future Outlook - The Group is actively collaborating with various parties to explore development options for the Group Allocated Land in line with city planning and infrastructure optimization[23]. - The Group Allocated Land is designated for multi-purpose development, including residential and commercial use[22]. - The Group plans to actively adjust leasing and market strategies to maintain occupancy rates and recurring income amid a challenging economic environment[36]. - The Chinese government is expected to implement policies to stabilize the real estate sector and support domestic consumption, which may positively impact the Group's operations[36]. - Future development value of the Group Allocated Land is expected to be enhanced by optimized city planning and infrastructure projects near the opera house in Shenzhen[43].

Financial Performance - For the fiscal year ending June 30, 2024, the company reported a total revenue of HKD 71,573,000, a decrease of 10.3% from HKD 79,734,000 in the previous year[1] - The gross profit for the year was HKD 44,965,000, down from HKD 54,752,000, reflecting a decline of 18%[1] - The profit before tax was HKD 12,612,129, significantly higher than the previous year's profit before tax of HKD 1,006, indicating a substantial increase[1] - The net profit attributable to the company's owners was HKD 5,353,955, a decrease of 19.3% from HKD 6,634,000 in the prior year[2] - The total comprehensive income attributable to the company's owners was HKD 5,372,015, compared to a loss of HKD 147,116 in the previous year[2] - Basic earnings per share for the year was HKD 2,252.4, a significant increase from HKD 2.8 in the previous year[2] - The operating profit for 2024 is HKD 2,407,000, a decrease from HKD 5,513,000 in 2023, indicating a decline of about 56.3%[15] - The basic earnings per share for 2024 is HKD 5,353,955, compared to HKD 6,634 in 2023, showing a decrease of approximately 19.2%[20] - The company recorded a substantial profit attributable to shareholders of HKD 5,353,955,000 for the year, down from HKD 6,634,000 in 2023, with basic earnings per share of HKD 22.52 compared to HKD 2.8 cents[31] Assets and Liabilities - Non-current assets totaled HKD 1,846,256, a decrease from HKD 1,926,739 in the previous year[4] - Current assets increased significantly to HKD 13,235,899 from HKD 469,694, primarily due to the development of properties[4] - The total equity attributable to the company's owners rose to HKD 7,354,705 from HKD 1,985,068, reflecting a strong growth in reserves[7] - The total liabilities decreased to HKD 7,509,051 from HKD 249,194, indicating improved financial stability[7] - Trade receivables at the end of the reporting period were HKD 4,771,000, down from HKD 9,439,000 in 2023, with a net allowance for credit losses of HKD 2,124,000[28] - Trade payables at the end of June 30, 2024, were HKD 1,114,000, a decrease from HKD 2,150,000 in 2023[29] - Deferred tax liabilities increased primarily due to the deferred tax on the fair value gains of land distribution, with total deferred tax liabilities of HKD 7,496,793 as of June 30, 2024[30] Investment and Property Development - The group has acquired land use rights in Nanshan District, Shenzhen, China, for future property development, classified under new operating segments as per HKFRS 8[14] - The group’s property investment portfolio primarily includes office, residential, and commercial units in Shanghai and Beijing, along with parking spaces[14] - The group recorded a loss of HKD 939,000 from property development in Shenzhen, with no income generated in 2023[34] - The fair value of investment properties as of June 30, 2024, is HKD 1,838,227,000, slightly down from HKD 1,840,814,000 in 2023, indicating a decrease of about 0.1%[21] - The fair value of investment properties in Beijing decreased by RMB 11,369,000 (approximately HKD 12,477,000) during the year[35] - The fair value of investment properties in Shanghai decreased by RMB 10,433,000 (approximately HKD 11,450,000) during the year[36] - The group recognized a fair value decrease of HKD 23,927,000 in investment properties for the year 2024, compared to HKD 22,664,000 in 2023, indicating ongoing market challenges[21] Financial Management and Cash Flow - The financing costs for 2024 are reported at HKD (199,000), a significant reduction from HKD (3,133,000) in 2023, indicating improved financial management[15] - The group has fully repaid all bank financing, resulting in no borrowings, compared to zero borrowings as of June 30, 2023[43] - The group has eliminated all collateral related to bank financing, including rental income and sale proceeds from properties, and has no bank mortgage guarantees for residential buyers in Beijing[43] - The group's cash flow was bolstered by rental income from properties in Shanghai and Beijing, with total bank deposits and cash amounting to HKD 422,338,000 as of June 30, 2024, up from HKD 212,955,000 as of June 30, 2023[42] - The group's current assets net value reached HKD 13,057,439,000 as of June 30, 2024, compared to HKD 346,741,000 as of June 30, 2023, with a current ratio of 74.17[42] Market Conditions and Future Outlook - The Chinese economy faces challenges such as long-term real estate downturn and weak domestic consumption, but government policies are expected to stabilize the real estate sector and support economic growth[44] - In Beijing, the retail market is expected to remain stable, with government support policies likely to stimulate consumption and enhance market vitality[44] - The office market in Shanghai is facing challenges with expected rent declines and increased vacancy rates due to economic downturn[45] - Shenzhen is anticipated to continue its quality development supported by government initiatives, with recent sales of high-quality residential projects showing positive trends[45] - The group plans to adjust leasing and market strategies to maintain occupancy rates and regular income by introducing diverse retailers and upgrading services[44] Corporate Governance and Compliance - The company has adhered to the corporate governance code principles as per the listing rules, with a deviation noted in section F.2.2 due to the chairman's absence at the annual general meeting[50] - The audit committee has reviewed the applicable accounting principles and discussed financial reporting matters, confirming that the consolidated financial statements for the year ending June 30, 2024, have been audited by Deloitte with an unqualified opinion[51] - Deloitte has agreed that the figures in the preliminary performance announcement align with the audited consolidated financial statements for the year[52] - The board expresses gratitude for the continuous support from shareholders, banks, customers, suppliers, and other stakeholders, as well as the contributions from all employees[53] Dividends - The company has proposed a final dividend of HKD 0.005 per share for the year ending June 30, 2024, consistent with the previous year[19] - The board has proposed a final dividend of HKD 0.005 per share, maintaining the total dividend for the year at HKD 0.01 per share[47]

Financial Performance - The total revenue for the six months ended December 31, 2023, was HKD 38,307,000, a decrease of approximately 3% compared to HKD 39,606,000 in the same period last year[45]. - Gross profit for the same period was HKD 24,914,000, down about 7% from HKD 26,934,000 year-on-year, resulting in a gross margin of approximately 65%[45]. - For the six months ending December 31, 2023, the company reported a profit attributable to shareholders of HKD 5,365,693, a significant increase from HKD 1,476,257 in the same period of 2022, representing a growth of approximately 263%[119]. - The total comprehensive income attributable to shareholders for the same period was HKD 5,436,647, compared to a loss of HKD 88,954 in the previous year, indicating a strong turnaround[119]. - The earnings per share for the period was HKD 2,257.30, a substantial increase from HKD 0.62 in the prior year[119]. - The pre-tax profit increased significantly to HKD 12,615,624, compared to HKD 312 in the previous year, indicating a substantial growth[133]. - Net profit for the period was HKD 5,365,934, a significant increase from HKD 1,733 in the prior year[133]. - The group reported a significant increase in financing costs, with share of losses from joint ventures amounting to HKD 12,635,773, compared to a loss of HKD 3,828 in the previous year[144]. Assets and Liabilities - The company's right-of-use assets increased to HKD 6,553,000 as of December 31, 2023, up from HKD 1,053,000 as of June 30, 2023, indicating a substantial rise of 521.5%[33]. - The lease liabilities also saw a significant increase, rising to HKD 6,598,000 as of December 31, 2023, compared to HKD 1,134,000 as of June 30, 2023, representing an increase of 482.5%[33]. - The deferred tax liabilities increased significantly, primarily due to the deferred tax on fair value gains from land distribution, which will be settled upon completion and sale of related properties[26]. - The group's total equity as of December 31, 2023, was HKD 7,460,669, compared to HKD 2,024,286 as of June 30, 2023[135]. - Non-current liabilities, including deferred tax liabilities, increased to HKD 7,543,949 from HKD 234,029[135]. - The group has no bank borrowings as of December 31, 2023, maintaining a debt ratio of zero[77]. Cash Flow and Investments - As of December 31, 2023, the group's cash and bank deposits totaled HKD 450,822,000, up from HKD 212,955,000 as of June 30, 2023, indicating a significant increase in cash flow[64]. - The net cash from operating activities for the six months ended December 31, 2023, was HKD 3,908,000, a decrease of 71.5% compared to HKD 13,708,000 in the same period of 2022[152]. - The net cash used in investing activities was HKD 122,869,000, compared to a net cash outflow of HKD 6,998,000 in the previous year[152]. - The total cash and cash equivalents at the end of the period amounted to HKD 255,592,000, an increase from HKD 161,556,000 year-on-year[152]. Rental Income and Property Performance - The company reported a significant increase in rental income, with trade and other payables amounting to HKD 3,459,000 as of December 31, 2023, compared to HKD 2,150,000 as of June 30, 2023, reflecting a growth of approximately 60.5%[26]. - The rental income from the shopping mall in Beijing increased by approximately 11% year-on-year, totaling RMB 13,588,000 (equivalent to HKD 14,874,000), which accounted for 39% of the group's total revenue[69]. - In Shanghai, rental income from the premium office building decreased by about 8% year-on-year, amounting to RMB 21,407,000 (equivalent to HKD 23,433,000), representing 61% of the group's total revenue[71]. - The group's investment properties in Shanghai and Beijing generated rental income of RMB 34,995,000, a slight decrease of 1% compared to RMB 35,432,000 last year[54]. Joint Ventures and Development - The company has maintained a strong focus on its joint ventures, with a 80% profit share from the redevelopment of land in Shenzhen, China, as per the arbitration ruling[20]. - The group has acquired land use rights for a plot of land in Shenzhen, which is planned for development into properties for sale[40]. - The group holds an 80% equity interest in the joint venture, with an investment cost of RMB 42,840,000[197]. - The registered capital of the joint venture is confirmed at RMB 21,000,000, with the group contributing RMB 10,290,000, representing a 49% equity interest[197]. - The group expects to fully recover the receivable from the joint venture upon completion of land exchange and allocation with the planning authority[200]. Corporate Governance and Strategy - The company is actively pursuing new strategies, including the adoption of a new share option scheme approved by shareholders, aimed at incentivizing directors and employees[27]. - The audit committee has reviewed the accounting standards and practices adopted by the group, ensuring compliance with financial reporting matters[128]. - The company aims to enhance the retail market in Beijing through new branding and environmental improvements, focusing on maintaining occupancy rates and recurring income[98]. - The company plans to actively adjust leasing and market strategies to attract new retailers and retain existing ones, ensuring competitive and effective leasing strategies[98]. Market Outlook - The real estate market in Shenzhen is expected to recover and maintain optimism, supported by strong economic fundamentals and population growth[82]. - The office space market in Shanghai is anticipated to face challenges due to increased supply and weak demand, leading to rental and occupancy pressure[80]. - The group will continue to monitor the impact of RMB fluctuations to mitigate negative effects on financial performance[77].