Sales and Revenue - The company achieved a sale agreement for 128 affordable housing units at approximately £26,000,000[10] - The company recorded a profit of approximately HKD 547,000,000 from the sale of Dorsett City London for £115,000,000[10] - The company completed the sale of 21 Anderson Road in Singapore for SGD 213,000,000[10] - For the six months ended September 30, 2021, the company reported revenue of approximately HKD 3,100,000,000, a slight increase compared to the same period in the previous fiscal year[25] - Property sales revenue for the first half of fiscal year 2022 was approximately HKD 1,932,000,000, a decrease of 16.9% compared to the same period in fiscal year 2021[39] - The company’s revenue from sales of properties was HKD 1,071,075, consistent with the previous year’s figure, indicating stable performance in this segment[126] - The company reported total segment revenue of HKD 3,120,462,000, a slight increase from HKD 3,111,114,000 in the same period of 2020[140] Financial Performance - The group’s profit before tax for the first half of the fiscal year 2022 increased significantly to HKD 1,385,000,000, up 66.8% year-on-year[29] - Shareholders' net profit rose by 206.3% to HKD 1,071,000,000, driven by contributions from recurring cash flow businesses and gains from property sales[29] - The company reported a pre-tax profit of HKD 1,385,138, an increase from HKD 830,589 in the previous year, representing a growth of approximately 66.5%[128] - The company’s profit for the six months ended September 30, 2021, was HKD 1,071,075,000, compared to HKD 349,631,000 for the same period in 2020, representing a significant increase[153] Dividends and Shareholder Returns - The company announced an interim dividend of HKD 0.04 per share, consistent with the previous year's interim dividend[18] - The company plans to pay an interim dividend of HKD 0.04 per share, consistent with the previous year's interim dividend[156] - The company recognized a total of HKD 359,262,000 in dividends for the period, slightly up from HKD 352,597,000 in the previous year[155] Asset Management and Investments - The company holds approximately 51% stake in diversified financial services group BC Invest[10] - The company established a joint venture to acquire land in Sai Kung[10] - The group has a total of HKD 14,100,000,000 in pre-sold and unrecognized contract sales, indicating clear short to medium-term revenue flow[34] - The group continues to explore opportunities for asset monetization as part of its active asset management strategy[28] - The company has committed capital expenditures of HKD 1,625,109,000 for property acquisition, development, and renovation as of September 30, 2021, compared to HKD 1,092,837,000 as of March 31, 2021[182] Market and Development Projects - The company plans to launch two development projects in the second half of the fiscal year 2022, including Queen's Wharf in Brisbane and a project in Hong Kong[25] - The group plans to launch new projects in the second half of the fiscal year 2022, enhancing global visibility and profitability, particularly in the UK and Australia[33] - The expected total development value of active residential property development projects was approximately HKD 56,100 million as of September 30, 2021[56] - The group has launched several projects, including West Side Place with a total development value of HKD 2,288 million for the first two towers, completed in FY2022[57] Debt and Liquidity - The net asset liability ratio was 56.1% as of September 30, 2021, with a debt-to-adjusted asset ratio of 28.0%[29] - As of September 30, 2021, the total bank loans, notes, and bonds amounted to HKD 29,187 million, an increase of 5.8% from HKD 27,577 million as of March 31, 2021[42] - The group maintains a solid liquidity position with approximately HKD 9,900,000,000 in liquid assets and available undrawn credit facilities of HKD 9,300,000,000 as of September 30, 2021[95] Operational Performance - The hotel and gaming sectors showed strong recovery, contributing positively to the overall financial performance despite challenges in the property development segment[25] - Hotel business revenue increased by 81.2% year-on-year, with significant contributions from Hong Kong[28] - The overall occupancy rate increased by 10.2 percentage points to 60.9%, and the average room rate rose by 62.7% to HKD 703 per night, resulting in an average revenue per available room (RevPAR) of HKD 428[79] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the six months ending September 30, 2021, except for the deviation regarding the roles of Chairman and CEO being held by the same individual[110] - The audit committee, consisting of three independent non-executive directors, reviewed the accounting principles and financial reporting for the six months ending September 30, 2021[113] Employee and Community Engagement - The group received over 12,000 frontline healthcare workers and more than 500,000 quarantine guests globally as part of its community support during the pandemic[78] - As of September 30, 2021, the group employed approximately 3,500 staff, providing comprehensive compensation and training opportunities[96]

Business Expansion and Development - The company launched a safe deposit box business, converting the basement of the Hong Kong Far East Sile Hotel to provide approximately 4,500 safe deposit boxes[8]. - The company commenced the delivery process for West Side Place (Towers 1 and 2) and launched the residential project New Cross Central in Manchester[8]. - The company entered into a new 18-year lease agreement with a flagship sports retailer for a property in Wuhan, with an annual rent of approximately HKD 50,000,000, increasing by 8% every three years[8]. - The company successfully sold all residential units of Artra in Singapore and entered into an agreement to sell all retail units of Artra[8]. - The company is actively expanding its mortgage lending platform, BC Invest, targeting non-residents in Australia and the UK, which is expected to continue growing[25]. - The company is progressing with major construction projects, including Ritz-Carlton Melbourne and Queen's Wharf Brisbane, to leverage stable recurring income[24]. - The company plans to expand its mortgage financing business into the UK market, with initial responses being very positive[37]. - The company is exploring various investment opportunities, particularly in the hotel, parking, and mortgage sectors, while replenishing land reserves in active regions[47]. - The company is actively seeking opportunities for joint redevelopment projects, which helps maintain lower land cost bases[90]. - The company is exploring mergers and acquisitions to enhance its market position, with ongoing discussions in various sectors[62]. Financial Performance - The company recorded a revenue of HKD 5,900,000,000 for the fiscal year 2021, a decrease of 20.2% compared to HKD 7,500,000,000 in the previous fiscal year[39]. - The adjusted gross profit and net profit attributable to shareholders were HKD 2,200,000,000 and HKD 806,000,000, reflecting a decrease of 17.1% and an increase of 46.2% respectively[39]. - The company reported a stable pre-sale revenue of HKD 13.8 billion as of March 31, 2021, indicating a clear outlook for the medium-term future[24]. - The net asset liability ratio improved to 54.9% in 2021 from 56.7% in 2020, reflecting a stronger financial position[25]. - The adjusted total assets increased to HKD 67.451 billion in 2021, up from HKD 58.128 billion in 2020, representing a compound annual growth rate of 12.7%[21]. - Cash and investment securities reached HKD 8.569 billion in 2021, showing a compound annual growth rate of 11.1% since 2017[21]. - The company’s cash profit was HKD 722,000,000, indicating robust cash generation capabilities despite a decrease from HKD 842,000,000 in the previous fiscal year[39]. - The company reported a net profit attributable to shareholders of approximately HKD 543,000,000 for fiscal year 2021, an increase of 48.5% from HKD 366,000,000 in fiscal year 2020[75]. - The company maintained a relatively low net debt ratio of 54.9%, calculated based on adjusted net debt against total asset value[40]. - The company is actively managing its liabilities and has plans to refinance or extend the maturity of its debts, maintaining a strong balance sheet[50]. Sustainability and Corporate Social Responsibility - The company established a Sustainable Development Steering Committee to promote sustainability measures[11]. - The company partnered with Hengan International Group to procure and donate 1,000,000 masks to schools, hospitals, and vulnerable communities in Hong Kong and China[8]. - The company has received over 40 awards in 2020, highlighting its commitment to social responsibility and governance[25]. - The company is focused on sustainable development, having established a sustainability oversight committee to drive environmental, social, and governance initiatives[25]. - The company is committed to corporate social responsibility initiatives, contributing to community development and sustainability efforts[62]. - The company has received recognition for its investor relations, winning multiple awards for best investor relations company and best investor relations website[166]. Hotel and Casino Operations - The company is optimistic about the recovery of the hotel industry in Hong Kong, benefiting from its proximity to mainland China as travel restrictions ease[24]. - The company is preparing for a strong recovery in the hotel sector, with three new hotels set to open and ten more in planning and construction stages[47]. - The company plans to open its first Australian hotel, the Meriton Suites Gold Coast, by the end of 2021, followed by additional properties in Perth, Melbourne, and Brisbane[128]. - The total revenue from hotel operations and management for the fiscal year 2021 was approximately HKD 889 million, a decrease of 33.9% compared to fiscal year 2020[131]. - The casino business generated revenue of HKD 88,000,000 (net of gaming tax) in fiscal year 2021, a significant decline of 67.6% from HKD 271,000,000 in fiscal year 2020 due to government-mandated closures[149]. - The average revenue per available room (RevPAR) for the hotel group in the fiscal year 2021 was HKD 280, down from HKD 406 in the fiscal year 2020[130]. - The company implemented significant cost-saving measures, including layoffs and contract renegotiations, which helped achieve a positive EBITDA level in fiscal year 2021[151]. Project Development and Sales - The company has a strong project portfolio supported by robust financial conditions, ready to capitalize on business activity recovery[40]. - The company achieved a cumulative pre-sale value of HKD 13,800,000,000, providing a clear revenue outlook for the coming years[31]. - The company is developing a mixed-use residential project in Melbourne, West Side Place, with a total saleable area of approximately 2,200,000 square feet and a development value of HKD 11,500 million[100]. - The company has launched several projects, including The Star Residences in Gold Coast, with a total saleable area of 111,000 square feet and an expected development value of HKD 531 million, completed in FY2023[94]. - The company is expanding its residential portfolio in Victoria North, anticipating further land acquisitions to increase saleable area and development value[98]. - The company has identified potential assets for sale as part of its strategy to optimize investments and expenditures[89]. - The company is focused on realizing the value of selected assets and reallocating released capital into higher return investment opportunities[51]. Awards and Recognition - The company has received multiple international awards for its investor relations, corporate governance, and ESG efforts, including six awards from "Finance Asia" in 2021[44]. - The company was recognized with six awards at the "2021 Asia's Best Companies" selection, including "Best Overall Management Company in Asia" and "Best CEO in Hong Kong" for its Chairman and CEO[166]. - The company received the "2020 Travellers' Choice" award by Tripadvisor, placing its hotel in the top 10% worldwide based on traveler reviews[169]. - The company was awarded the "2021 Travellers' Review Award" from Booking.com with a score of 8.2/10[173]. - The company received the "5 Years Plus Caring Company Logo" by the Hong Kong Council of Social Service[173].

Lease Agreements - The company signed a new 18-year lease agreement with a flagship sports retail store in Wuhan, with an annual rent of approximately HKD 50,000,000, increasing by 8% every three years[13] - The company signed an 18-year lease agreement for a retail space in Wuhan, with an annual rent of approximately HKD 50,000,000, which is 100% higher than the previous rent[34] - A new 18-year lease for the Wuhan Mall was signed, covering approximately 312,000 square feet with an annual rent of about HKD 50 million, increasing by 8% every three years[96] Business Portfolio and Expansion - The company has a diversified business portfolio including property development, investment, hotel operations, and parking services across various regions including Hong Kong, Malaysia, and Australia[7][8][11] - The company is actively expanding its hotel and parking business in mainland China, with operations in cities like Shanghai, Chengdu, and Wuhan[7] - The company is exploring new strategies for market expansion and product development, particularly in the hospitality and entertainment sectors[7][8] - The company is focused on enhancing its property investment strategies in key markets such as Singapore and Australia[8][11] - The company is continuously evaluating potential mergers and acquisitions to strengthen its market position[7] Financial Performance - The company reported a solid performance in the first half of the 2020/21 fiscal year, although specific financial figures were not detailed in the provided content[9] - For the first half of the fiscal year 2021, the company's revenue decreased to approximately HKD 3,100,000,000, a decline of 39.2% compared to the same period last year[28] - The group's profit before tax decreased by 15.5% to HKD 831 million for the first half of the fiscal year 2021, with net profit attributable to shareholders down 51.1% to HKD 350 million[35] - The company's recurring income business declined by 45.2% year-on-year due to the impact of the COVID-19 pandemic[33] - Hotel revenue decreased by 53.2% year-on-year, but measures taken have led to gradual recovery since June 2020[33] - The company's net profit attributable to shareholders for the first half of fiscal year 2021 was approximately HKD 350,000,000, a decrease of 51.1% from HKD 715,000,000 in the same period of fiscal year 2020[51] Property Development - The property development revenue decreased by 36.9% year-on-year due to a reduction in the number of completed projects[28] - The cumulative attributable pre-sale value of properties under development increased from HKD 12,200,000,000 as of March 31, 2020, to HKD 13,400,000,000 as of September 30, 2020[28] - The company successfully launched two landmark projects, Aspen at Consort Place in London and Queen's Wharf Residences in Brisbane, which received a strong market response[28] - The company plans to launch two development projects in the second half of fiscal year 2021, with a total expected attributable development value of HKD 5,100,000,000[28] Cost Control and Financial Management - The group implemented cost control measures expected to save approximately HKD 180 million annually, alongside anticipated government grants of about HKD 150 million to mitigate financial impacts from the COVID-19 pandemic[38] - The company is leveraging its diversified portfolio to mitigate risks associated with market fluctuations[7] - The company plans to continue its conservative approach to maintain a flexible and robust financial condition amid ongoing market conditions[58] - The group is currently managing three additional hotels in Malaysia, with a total of approximately 830 rooms[97] Cash Flow and Liquidity - As of September 30, 2020, the group's liquidity position remained strong at approximately HKD 7.2 billion, with available undrawn credit facilities of HKD 5.2 billion[125] - The company’s cash and cash equivalents amounted to HKD 3,476,000,000 as of September 30, 2020, compared to HKD 3,040,000,000 as of March 31, 2020[54] - The company had unutilized bank financing of approximately HKD 5,200 million as of September 30, 2020, with HKD 2,700 million related to construction/development facilities[59] Shareholder and Corporate Governance - The company’s directors and CEO have significant equity interests, with a total of 1,127,414,025 shares held by controlled corporations, representing 47.96% of the issued share capital[128] - Major shareholder Sumptuous Assets Limited holds 1,127,397,003 shares, representing approximately 47.96% of the issued share capital as of September 30, 2020[141] - The company complied with the Corporate Governance Code, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[146] Market Conditions and Future Outlook - The group is cautiously optimistic about the long-term future, anticipating a recovery in leisure and business travel as restrictions are lifted[125] - The group is actively exploring new markets for BCG, such as the UK, to expand its service offerings[122] - The group is open to potential sale opportunities to realize the value of its hotel assets and reinvest capital[125] Employee Relations - The group provides comprehensive compensation and promotion opportunities for approximately 3,700 employees, including medical benefits and training[127] - The company adopted the Far East Share Option Scheme to encourage and reward employees and contributors, with no unexercised options as of September 30, 2020[136]

Financial Performance - For the fiscal year ending March 31, 2020, the company reported revenue of HKD 7,451 million, representing a year-on-year growth of 16.9%[12] - The gross profit for the same period was HKD 2,259 million, with a growth rate of 7.3% compared to the previous year[12] - The net profit attributable to shareholders decreased to HKD 366 million, reflecting a decline of 16.0% year-on-year[12] - Adjusted cash profit for the fiscal year was HKD 842 million, showing a slight decrease of 0.3% from the previous year[12] - The total dividend declared was HKD 19.0 cents per share, which is a 4.4% increase compared to the previous year[12] - The company reported a record annual revenue of HKD 7,500,000,000 for the fiscal year 2020, despite significant global economic challenges[26] - The group recorded revenue of HKD 7,500,000,000 for the fiscal year 2020, an increase of 8.9% compared to HKD 6,800,000,000 in fiscal year 2019[43] - Shareholders' attributable net profit decreased by 78.7% to HKD 366,000,000, primarily due to global economic uncertainty and increased financing costs[43] - The net profit for the fiscal year 2020 was HKD 550,981,000, compared to HKD 1,768,725,000 in the fiscal year 2019[94] - Basic earnings per share for the fiscal year 2020 was 15.5 cents, a decrease from 74 cents in the fiscal year 2019[94] Business Strategy and Outlook - The company is focusing on diversifying its business portfolio to enhance stability and growth potential[2] - Future outlook includes plans for market expansion and potential acquisitions to strengthen its market position[2] - The company is investing in new product development and technology to drive future growth[2] - The management emphasized the importance of maintaining a balanced and diversified business model to mitigate risks[2] - The company aims to improve operational efficiency and enhance shareholder value through strategic initiatives[2] - Future outlook includes strategic initiatives aimed at improving operational efficiency and exploring potential mergers and acquisitions[99] - The company plans to invest in new technologies and product development to drive future growth and competitiveness[99] Impact of COVID-19 - The company reported a significant impact on hotel and parking businesses due to COVID-19 and social unrest, but managed to achieve record revenues in the fiscal year 2020[18] - The hotel business faced severe impacts from the COVID-19 pandemic, but the company took decisive actions to mitigate effects, including cost reductions and strategic property adjustments[29] - The group is actively implementing cost control measures and adjusting marketing strategies to mitigate the impact of the COVID-19 pandemic[190] - The group has received support from various governments, including employee wage subsidies and loan deferrals, which have significantly aided cash flow[192] Property Development and Projects - The company has established a strong property development project portfolio, enhancing future revenue prospects[18] - The Brisbane Queen's Wharf integrated resort project, costing AUD 3.6 billion, is expected to open in late 2023, contributing to the gaming segment's growth[19] - The company acquired land parcels in Melbourne and Manchester to enhance its development portfolio, including a strategic acquisition in Shanghai for long-term rental purposes[27] - The total development value of the regional business exceeded HKD 51,600,000,000, providing a clear revenue contribution outlook for the next 8 to 10 years[43] - The company plans to spin off hotel assets in Australia, Singapore, Malaysia, and the UK to unlock potential value and reinvest capital[128] - The cumulative pre-sale value of residential properties under development is approximately HKD 12,200 million[131] - The company has established strong local teams in various markets to identify trends and opportunities for property development[131] Financial Position and Capital Management - Cash and investment securities reached HKD 6,067 million in 2020, with a compound annual growth rate (CAGR) of 12.8%[14] - Adjusted total assets amounted to HKD 58,128 million in 2020, reflecting a CAGR of 12.0%[14] - Adjusted net asset value attributable to shareholders was HKD 27,467 million in 2020, with a CAGR of 7.1%[14] - The company raised a total of USD 360,000,000 through the issuance of perpetual capital notes to strengthen its balance sheet[40] - The net debt-to-equity ratio was 56.7%, despite adverse impacts on hotel valuations due to the pandemic[54] - The group issued $360,000,000 of perpetual capital notes with an initial distribution rate of 7.375% to maintain a strong financial position and liquidity[111] Management and Leadership - Dan Sri Dato' Chiu Tak Cheong has over 30 years of experience in real estate and hotel development, serving as the CEO since 1994 and Chairman since 2011[69] - Mr. Kong Xiangda, appointed as Executive Director in 2012, has extensive experience in corporate development and mergers, previously serving as CEO of Huachai Holdings[70] - The management team includes members with significant international experience, enhancing the company's ability to navigate global markets[70][73] - The company has a strategic focus on growth through acquisitions and expansion in key markets, leveraging the extensive experience of its management team[69][70][72] Hotel and Parking Business Performance - The hotel business revenue decreased by 26.0% to approximately HKD 1,346 million in fiscal year 2020, with an adjusted gross margin dropping to 53.9% from 62.5% in fiscal year 2019[103] - The parking business expanded with the addition of 7,553 parking spaces, bringing the total to 106,696 spaces as of March 31, 2020[33] - The group operates 31 hotels with approximately 8,100 rooms across various regions, including Hong Kong, mainland China, Singapore, Malaysia, Australia, the UK, and continental Europe[186] - The group added three new hotels during the year, expanding its portfolio and enhancing recurring income sources[186] - The parking business, operated under the "Care Park" brand, increased by approximately 7,553 parking spaces, bringing the total to about 106,696 parking spaces as of March 31, 2020[199]

Revenue and Profitability - The group's revenue increased by 75.0% year-on-year to HKD 5,121,000,000 due to strong property sales[28] - Net profit attributable to shareholders grew by 16.0% to HKD 715,000,000, while adjusted cash profit increased by 60.4% to HKD 959,000,000[28] - The group's consolidated revenue for the first half of fiscal year 2020 is approximately HKD 5.121 billion, an increase of 75.0% compared to HKD 2.926 billion in the same period of fiscal year 2019[35] - Property sales revenue for the first half of fiscal year 2020 is approximately HKD 3.686 billion, a significant increase of 151.1% from HKD 1.465 billion in the same period of fiscal year 2019[37] - The adjusted gross profit for the first half of fiscal year 2020 is HKD 1.836 billion, up from HKD 1.393 billion in the same period of fiscal year 2019, reflecting an increase of 31.9%[35] - The total profit before tax for the period was HKD 983,148,000, compared to HKD 832,349,000 in the same period of 2018, reflecting an increase of approximately 18.1%[152] Hotel and Gaming Operations - The group's hotel business revenue for the first half of the 2020 fiscal year was approximately HKD 714,000,000, down from HKD 817,000,000 in the same period of the previous year[81] - Hotel business revenue for the first half of fiscal year 2020 was approximately HKD 777 million, a decrease of 10.3% compared to the same period in fiscal year 2019[38] - TWC's gaming revenue reached HKD 119 million in the first half of FY2020, a 34.2% increase from HKD 88 million in the same period of FY2019[86] - The group confirmed full-period revenue from TWC's hotel and gaming operations, which continued to grow year-on-year[28] Development Projects - The group completed multiple residential development projects, including the completion of The Towers at Elizabeth Quay in Perth[28] - Three new projects were launched during the first half of the fiscal year 2020, including The Star Residences in Australia and Dorsett Place Waterfront Subang in Malaysia[28] - The majority of units at the Singapore project Artra have been pre-sold, with construction entering the final stages[28] - The cumulative pre-sale value of properties under development is approximately HKD 11.6 billion, a slight decrease from HKD 14.6 billion as of March 31, 2019, due to recognized sales revenue of HKD 3.7 billion in the first half of the fiscal year 2020 and fewer large project launches[29] - The group’s total development value of residential projects, including completed unsold inventory, is HKD 51.4 billion as of September 30, 2019[29] Financial Position and Capital Management - The net asset liability ratio decreased to 43.9% as of September 30, 2019, from 45.4% as of March 31, 2019[32] - The company had approximately HKD 7.4 billion in undrawn bank financing, which includes HKD 3.7 billion for construction development[47] - The group maintains a strong liquidity position with approximately HKD 7.3 billion in current assets and a net debt-to-equity ratio of 43.9% as of September 30, 2019[92] - The company reported a financing cost of HKD 222,218, which increased from HKD 123,823 in the previous year[118] - The company’s cash and cash equivalents stood at HKD 2,569,745, an increase from HKD 2,470,604 as of March 31, 2019[120] Share Repurchase and Dividends - The interim dividend declared is HKD 0.04 per share, consistent with the previous year[20] - The group has repurchased shares worth approximately HKD 81 million in the first half of fiscal year 2020, with a total planned repurchase amount of HKD 200 million[33] - The share repurchase was aimed at enhancing the company's net asset value and earnings per share[111] - The company declared dividends amounting to HKD (420,070) thousand during the reporting period[124] Market and Economic Conditions - The group expects the hotel business in Hong Kong to be impacted by social unrest, but anticipates long-term growth potential with 14 new hotels set to open[91] - The average exchange rate for HKD to AUD in the first half of fiscal year 2020 was 5.43, a decrease of 6.7% compared to the previous year[50] Accounting Standards and Financial Reporting - The group applied the new and revised Hong Kong Financial Reporting Standards (HKFRS) effective from April 1, 2019, with no significant impact on the financial position and performance during the period[131] - The company adopted Hong Kong Financial Reporting Standard 16 (HKFRS 16) on April 1, 2019, using a modified retrospective approach without restating prior period comparatives[143] - The application of HKFRS 16 did not have a significant impact on the financial statements for the six months ended September 30, 2019[150] Investment Properties and Fair Value - The group faced adverse changes in the fair value of investment properties, which impacted performance compared to the previous fiscal year[28] - The company reported a fair value loss of HKD 16 million on investment properties for the first half of the fiscal year 2020, with the valuation of investment properties at HKD 5,300 million as of September 30, 2019[59] - The total value of investment properties was HKD 19,733,760 thousand as of September 30, 2019, compared to HKD 17,536,727 thousand as of March 31, 2019, reflecting a growth of 12.5%[154]

Awards and Recognition - The company was awarded the title of "Best Medium-Sized Enterprise in Hong Kong" in the 2018 Asia Financial Magazine Awards[11] - The group received five awards at the 2018 Mercury Awards, showcasing its strong market presence[11] Business Development and Expansion - The group successfully acquired a plot of land in Baoshan District, Shanghai for residential development[15] - The company launched the Hong Kong Dan Gui Village project, named "Peijue"[15] - The company partnered with SC Global Developments and New World Development for a competitive bid in Singapore[11] - The company has made several land acquisitions to enhance its development portfolio, including sites in Singapore, Manchester, and Sydney[33] - The company plans to add 15 new hotels and over 3,000 rooms by the end of the fiscal year 2024, including expansions in London and Australia[28] - The company has ongoing plans for 15 new hotels, reflecting optimism about the growth potential in the Asian tourism and hotel development sectors[37] - The company plans to develop long-term rental apartments in mainland China following the acquisition of rental land in Shanghai[47] - The company has a total development value of HKD 50,000,000,000 from acquisitions made after March 31, 2019, sufficient for 8 to 10 years of development, indicating a clear revenue contribution outlook for the coming years[37] Financial Performance - The financial summary for the fiscal year 2019 indicates significant growth in revenue and profitability[6] - Revenue for the fiscal year ended March 31, 2019, was HKD 6,842 million, representing a compound annual growth rate (CAGR) of 7.6%[16] - Net profit attributable to shareholders for the same period was HKD 1,714 million, with a CAGR of 15.7%[16] - Adjusted cash profit for the fiscal year was HKD 1,457 million, reflecting a CAGR of 14.9%[16] - Cash and investment securities increased to HKD 7,070 million, achieving a CAGR of 19.3%[17] - The total assets of the company reached HKD 39,078 million, with a CAGR of 15.2%[17] - The company recorded revenue of HKD 6,842,000,000 for the fiscal year 2019, a 17.3% increase from HKD 5,831,000,000 in 2018, driven by higher sales from residential development projects and strong recurring income from hotel operations[37] - The net profit for the fiscal year 2019 was HKD 1,714,000,000, allowing the company to maintain a high dividend payout, with a total annual dividend of HKD 0.22 per share and a payout ratio of 30.2%[37] - The group’s total debt as of March 31, 2019, was HKD 21,367 million, compared to HKD 16,372 million in the previous year, reflecting increased capital expenditure for development projects[78] - The net asset to debt ratio increased to 45.4% as of March 31, 2019, up from 28.7% the previous year, primarily due to capital expenditures and new investments[76] Hotel and Hospitality Performance - The hotel segment recorded significant growth driven by an increase in average revenue per room and new acquisitions[26] - The hotel business experienced strong revenue growth, driven by increased average room revenue in Hong Kong and contributions from the Dorsett City London and TWC hotel group in Europe[33] - The hotel business revenue for fiscal year 2019 was approximately HKD 1,818 million, an increase of 18.2% year-on-year, driven by strong market growth in Hong Kong and the addition of new hotels[71] - Overall occupancy rate rose by approximately 1.4 percentage points to 84.2% in FY2019[125] - Average room rate increased by 7.8% to HKD 709 per night in FY2019[125] - Average revenue per available room (RevPAR) grew by 9.5% to HKD 597 in FY2019[125] - In Hong Kong, the overall occupancy rate increased by 1.5 percentage points to 95.3%, with an average room rate of HKD 802, reflecting a 10.2% growth in RevPAR[125] Parking Business Development - The parking business is expanding in the UK and continental Europe, targeting high-return acquisition projects[26] - The parking business added 10,275 parking spaces, with revenue increasing to HKD 720,000,000 during the year[39] - The parking division had a strong growth with 494 parking facilities and 99,143 parking spaces as of March 31, 2019, an increase of 10,275 spaces from the beginning of the fiscal year[47] - The parking business increased by approximately 10,275 parking spaces, bringing the total to about 99,143 spaces across 494 parking facilities[135] Gaming and Entertainment Sector - The gaming and entertainment segment has become a new revenue source following the acquisition of TWC and investment in The Star[26] - The Brisbane Queen's Wharf integrated resort's first phase is expected to open by the end of 2022, contributing to increased revenue from the gaming segment[26] - The group generated HKD 197 million in revenue from TWC's gaming operations for the eleven months post-acquisition, contributing to the overall growth strategy in Europe[136] - TWC's casino operations reported a total of 513 slot machines and 62 table games as of March 31, 2019, generating table revenue of HKD 51 million and slot machine revenue of HKD 137 million[139] Sustainability and Governance - The company emphasizes the importance of technology in reducing resource consumption and production costs, aiming to enhance operational efficiency[150] - The company plans to expand the use of renewable energy, particularly solar panels in hotels located in Malaysia and Australia, to reduce energy consumption[150] - The company has established a governance framework for sustainable development, with the board overseeing environmental, social, and governance policies and performance[152] - The company is committed to enhancing its sustainable development governance by forming working groups under the environmental, social, and governance committee[152] - The company identified 18 relevant issues related to sustainability, with 10 prioritized for action based on stakeholder feedback[157] Employee Engagement and Well-being - The group employed a total of 2,272 employees globally during the reporting period[185] - The employee engagement survey in 2018 achieved a participation rate of 99.4%, indicating high employee involvement in feedback processes[189] - Employee benefits include various types of leave, financial assistance for emergencies, and discounts at company-managed hotels[187] - The company promotes diversity and inclusion, ensuring equal opportunities regardless of race, gender, or other differences[188] - The company emphasizes employee well-being and work-life balance, implementing various activities such as sports events and annual health check-ups[197] Risk Management and Compliance - The company conducted an annual review of its risk management and internal control systems, finding them effective and sufficient without significant risk concerns[154] - The company maintains a zero-tolerance policy towards corruption, including bribery and fraud, and has incorporated anti-corruption provisions into its employee handbook[175] - No significant non-compliance cases were reported in 2019 regarding employment laws, including recruitment, promotion, and equal opportunities[191] - Contractors are required to comply with safety codes and regulations, with penalties for non-compliance, including potential blacklisting[198] Investor Relations and Communication - The company conducted various investor communication activities in fiscal year 2019, including investor conference calls and non-deal roadshows, to enhance transparency[177] - The company provided real-time translation and online Q&A sessions during its annual and interim results briefings to facilitate investor understanding[181] - The group emphasizes transparency in communications with investors to better reflect the true value of its business[182]