Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a 15% growth compared to the previous year[3] - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved cost management[3] - The company's revenue for 2020 was HKD 208 million, a decrease of 30.4% compared to HKD 299 million in 2019[26] - Shareholders' profit attributable to the company was HKD 27 million, down 80.1% from HKD 136 million in the previous year[26] - The dividend declared was HKD 89 million, which is a 34.1% decrease from HKD 135 million in 2019[26] - The basic earnings per share dropped to HKD 0.07, reflecting an 81.6% decline from HKD 0.38 in 2019[26] - The equity attributable to shareholders decreased to HKD 5,972 million, a reduction of 2.6% from HKD 6,133 million in the previous year[26] - The return on equity was 0.5%, down 77.3% from 2.2% in 2019[26] - The dividend payout ratio fell to 0.3 times, a decrease of 70.0% from 1.0 times in the previous year[26] - The net asset value per share was HKD 16.8, down 2.3% from HKD 17.2 in 2019[26] Future Outlook - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[4] - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on enhancing customer experience[3] - Market expansion plans include entering two new regions, which are anticipated to increase market share by 5%[3] - The group anticipates a gradual recovery in local economic activities as government relief measures are implemented and vaccination rates increase[51] Investments and Development - The company is investing HKD 50 million in new technology development to improve operational efficiency[3] - The company is considering strategic acquisitions to bolster its service offerings, with a budget of HKD 100 million allocated for potential deals[3] - The group has successfully sold approximately 1,450 residential units in the "Imperial Court" project, generating total sales of about HKD 6.9 billion[47] - The company successfully acquired a redevelopment project in Sham Shui Po with a total gross floor area of approximately 144,345 square feet, expected to yield about 97,845 square feet of residential floor area[36] Sustainability Initiatives - The board emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 25% over the next five years[3] - The group is committed to sustainable development, implementing energy efficiency measures and carbon audits since 2011[70] - A waste filter processing device was introduced this year to reduce waste volume before disposal[73] - The group emphasizes sustainable development principles to suppliers and conducts regular evaluations of their service quality[77] Corporate Governance - The company is committed to maintaining high standards of corporate governance, ensuring compliance with the Corporate Governance Code[148] - The board of directors consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[153] - The company has adopted a board diversity policy to enhance performance quality, focusing on gender, age, professional experience, and ethnicity[155] - The independent non-executive directors confirmed their independence according to the Listing Rules, with no substantial interests in the company's main business[170] - The company has arranged appropriate directors' and officers' liability insurance for its directors and senior officers[174] Risk Management - The group has established a comprehensive risk management framework that includes both top-down and bottom-up approaches to identify, assess, and mitigate risks[194] - Major risks such as business, financial, regulatory, and operational risks have been identified and assessed during the year, with corresponding monitoring strategies reported to the audit committee[198] - The internal audit department reports directly to the audit committee, ensuring independence from the group's daily operations and focusing on financial, operational, and compliance monitoring[193] Employee and Community Engagement - The group has no bank borrowings, resulting in no capital to debt ratio reported[62] - The group plans to continue selling approximately 330 unsold residential units in the Tuen Mun project, which is expected to remain popular in the market[51] - Charitable donations increased to HKD 5,600 in 2020, compared to HKD 2,930 in 2019[82] - Employee total compensation is determined based on market trends and industry salary levels, with a total cost of approximately HKD 84 million for the year[63] Audit and Compliance - The audit committee oversees the effectiveness of the Group's risk management and internal control systems, including the adequacy of resources and qualifications of accounting and reporting functions[177] - The audit committee has established a whistleblowing policy and a comprehensive procedure for employees to report any actual or suspected misconduct related to the company[199] - The audit committee plays a crucial role in ensuring compliance and addressing any potential issues promptly[199]

Financial Performance - The group's unaudited consolidated net profit for the six months ended June 30, 2020, was HKD 18 million, a decrease of 79% compared to HKD 86 million in the same period last year[4]. - The group's revenue for the six months ended June 30, 2020, was HKD 105 million, a decrease of 38% compared to the previous year, primarily due to reduced income from ferry and shipyard operations[14]. - The company's revenue for the six months ended June 30, 2020, was HKD 105,205,000, a decrease of 38.3% compared to HKD 170,481,000 in 2019[63]. - The operating profit for the same period was HKD 29,195,000, down 70.3% from HKD 98,255,000 in 2019[63]. - The net profit attributable to equity shareholders was HKD 18,164,000, a decline of 79.0% from HKD 86,485,000 in the previous year[66]. - The total comprehensive income for the six months ended June 30, 2020, was HKD 18,164, a decrease from HKD 89,887 in the same period of 2019, reflecting a decline of approximately 79.8%[77]. - The group reported a net loss of HKD 29,195,000 for the six months ended June 30, 2020, compared to a profit of HKD 98,255,000 in 2019[112]. Revenue Breakdown - The real estate development segment generated revenue of HKD 24,000 for the six months ended June 30, 2020, compared to HKD 20,100,000 in 2019, reflecting a significant increase[102]. - The real estate investment segment reported revenue of HKD 73,292,000 for the six months ended June 30, 2020, up from HKD 70,852,000 in 2019, indicating a growth of 2.0%[102]. - The ferry, shipyard, and related businesses segment saw a revenue decline to HKD 44,045,000 from HKD 83,374,000, a decrease of 47.1% year-over-year[102]. - The securities investment segment's revenue decreased to HKD 1,481,000 from HKD 9,282,000, a decline of 84.0% compared to the previous year[102]. Assets and Liabilities - The group’s equity decreased by 2% to HKD 6.014 billion as of June 30, 2020, mainly due to confirmed property rental profits and losses from the revaluation of investment properties[15]. - The group’s current assets amounted to HKD 2.387 billion, with a current ratio of 16.7 times as of June 30, 2020, due to a decrease in trade and other payables[16]. - The group’s consolidated financial position as of June 30, 2020, showed total non-current assets of HKD 11,249,000 and current assets of HKD 3,252,411,000[42]. - The company's total equity as of June 30, 2020, was HKD 6,013,625, down from HKD 6,133,486 at the end of 2019, representing a decrease of approximately 1.9%[73]. - Total liabilities decreased to HKD 142,749 from HKD 179,693, showing a reduction of about 20.5%[73]. Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2020, was HKD 4,435, a significant drop from HKD 61,804 in the same period of 2019, reflecting a decline of approximately 92.8%[81]. - The company reported a net cash outflow from investing activities of HKD 40,345 for the six months ended June 30, 2020, compared to HKD 128,646 in the previous year, a decrease of approximately 68.7%[81]. - The group recognized a loss of HKD 4,798,000 in fair value changes of financial assets for the six months ended June 30, 2020, compared to a gain of HKD 6,739,000 in 2019[118]. Shareholder Information - The company’s directors held a total of 122,330,040 shares, representing approximately 33.41% of the total issued shares[46]. - Major shareholder 恒基兆業地產有限公司 holds 119,017,090 shares, representing approximately 33.41% of the total issued shares[50]. - The company’s chairman, Dr. Lin, holds 150,000 shares, accounting for 0.04% of the total issued shares[46]. Corporate Governance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange's listing rules for the six months ending June 30, 2020[25]. - The audit committee reviewed the accounting principles and practices adopted by the group and discussed interim reviews and internal controls[28]. - The company has adopted written guidelines for employees and directors regarding insider trading compliance[26]. - The company’s audit committee confirmed that the interim financial report for the six months ending June 30, 2020, was reviewed without any differing opinions[28]. Market Outlook - The group anticipates a contraction of 6% to 8% in the overall economy for the year due to the ongoing impact of the COVID-19 pandemic[10]. - The group plans to continue selling residential units in the "Imperial Bay" project in batches to meet market demand, with expected profits primarily from rental income in the second half of the year[10].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 15%[4] - The company reported a net profit margin of 18%, an increase from 15% in the previous year[4] - Shareholders' profit attributable to the company reached HKD 300 million, marking a 10% increase compared to the previous year[36] - The company’s retained earnings (excluding dividends) amounted to HKD 136,416,000, a decrease from HKD 344,643,000 in the previous year[125] - The group’s revenue for the year was approximately HKD 299 million, a decrease of 73% compared to the previous year, primarily due to no residential units being sold during the year[66] User Growth and Engagement - User data showed a rise in active users to 500,000, up 20% compared to the previous year[4] - The user base expanded by 20%, with active users now totaling 1.5 million[36] - A new marketing strategy is being implemented, expected to improve customer engagement by 30%[4] - A new marketing strategy is set to be implemented, focusing on digital channels to increase customer engagement by 30%[36] Future Outlook and Growth Strategies - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[4] - Future guidance indicates expected revenue growth of 12% for the next fiscal year, driven by market expansion strategies[36] - New product launches are expected to contribute an additional HKD 200 million in revenue over the next year[4] - The company plans to launch two new products in the upcoming quarter, aiming to capture an additional 5% market share[36] - Market expansion plans include entering two new regions, which are anticipated to increase market share by 5%[4] - Market expansion efforts include entering two new regions, projected to contribute an additional HKD 100 million in revenue[36] Investments and Acquisitions - The company is investing HKD 50 million in research and development for new technologies aimed at enhancing customer experience[4] - The company is investing HKD 50 million in new technology development to enhance operational efficiency[36] - The company is considering strategic acquisitions to bolster its service offerings, with a budget of HKD 300 million allocated for potential deals[4] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified[36] Corporate Governance - The company has maintained compliance with the Corporate Governance Code as per the Hong Kong Stock Exchange Listing Rules for the year ending December 31, 2019[147] - The board consists of eight members, including two executive directors and three independent non-executive directors[153] - The company has adopted a board diversity policy to enhance performance, considering gender, age, and professional experience[163] - The independent non-executive directors confirmed their independence as per the Listing Rules, ensuring compliance with corporate governance standards[100] - The company has confirmed that there are no substantial business dealings between its independent non-executive directors and the company, maintaining their independence[185] Financial Stability and Assets - The company has maintained a strong balance sheet, with total assets valued at HKD 5 billion, ensuring financial stability for future investments[36] - The group's current assets were recorded at approximately HKD 2.481 billion and current liabilities at approximately HKD 180 million as of December 31, 2019, resulting in a current ratio of 13.8 times[67] - The group has not incurred any bank borrowings as of December 31, 2019, indicating a stable financial position[63] Environmental and Social Responsibility - The group has implemented a carbon audit for two fuel-intensive subsidiaries since 2011 to enhance energy efficiency and reduce environmental impact[76] - The group introduced an eco-friendly cleaning device that recycles cleaning agents and neutralizes pollutants, significantly reducing the use of traditional cleaning agents[81] - The group has installed automatic sensor faucets and water-saving devices in its offices to conserve water[77] - The group has installed solar lights in parking lots and solar panels on floating bridges to further reduce electricity consumption[76] - Charitable donations made by the group during the year amounted to HKD 2,930, a decrease from HKD 28,070 in the previous year[92] Employee and Management Practices - The total employee cost for the year was approximately HKD 93 million, with around 210 employees as of December 31, 2019, down from 220 the previous year[64] - The company emphasizes a supportive and inclusive work environment, providing training programs for new employees to enhance talent management[83] - Continuous professional development is encouraged for directors, with training on corporate governance, regulatory updates, and relevant financial topics provided throughout the year[187] Risk Management and Compliance - The Audit Committee has been tasked with overseeing the effectiveness of the group's risk management and internal control systems[194] - The company adopted a whistleblowing policy to encourage reporting of any misconduct related to financial reporting or other significant concerns[194] - The Audit Committee reviewed the adequacy of resources, qualifications, and experience of staff involved in the company's accounting and reporting functions[194]

Financial Performance - The group's unaudited consolidated net profit for the six months ended June 30, 2019, was HKD 86 million, a decrease of 68% compared to HKD 273 million in the same period last year[7]. - Earnings per share were HKD 0.24, down from HKD 0.77 in the previous year[7]. - Total revenue for the six months was HKD 170 million, representing an 82% decrease year-on-year[18]. - Total revenue for the six months ended June 30, 2019, was HKD 170,481,000, a decrease of 81.5% compared to HKD 924,615,000 in 2018[64]. - Operating profit for the same period was HKD 98,225,000, down 69.3% from HKD 319,792,000 in 2018[64]. - Profit attributable to equity shareholders was HKD 86,485,000, a decline of 68.3% from HKD 272,898,000 in the previous year[68]. - Total comprehensive income attributable to equity shareholders was HKD 89,887,000, down from HKD 249,032,000 in the previous year[68]. - Other income for the period was HKD 26,313,000, slightly up from HKD 25,942,000 in 2018[64]. - Total comprehensive income for the six months ended June 30, 2019, was HKD 89,887,000, compared to HKD 249,032,000 for the same period in 2018, reflecting a decrease of 64.1%[81]. Revenue Sources - Gross rental income from commercial properties was approximately HKD 52 million during the reporting period[9]. - The group anticipates that the main source of profit in the second half of the year will continue to come from commercial rental income[15]. - Revenue from property development was HKD 20,100,000, significantly lower than HKD 770,350,000 in the previous year[118]. - The ferry and related business generated revenue of HKD 83,374,000, down from HKD 87,571,000 year-on-year[118]. - The expected total revenue from contracts in the shipyard business is HKD 9,137,000, anticipated to be recognized within the next twelve months[123]. Assets and Liabilities - The group’s equity as of June 30, 2019, was HKD 61.2 billion, a slight decrease of 0.2% from December 31, 2018[19]. - Non-current assets, including investment properties, totaled HKD 3,913,197,000 as of June 30, 2019, compared to HKD 3,956,291,000 at the end of 2018[71]. - Current assets amounted to HKD 2,448,075,000, an increase from HKD 2,418,153,000 in 2018[71]. - Current liabilities decreased to HKD 173,365,000 from HKD 180,363,000 in the previous year[74]. - The group’s non-current liabilities related to the joint venture were HKD 2,885,132,000, resulting in a net liability of HKD 14,769,000[45]. - The lease liabilities as of June 30, 2019, amounted to HKD 1,817,000, compared to HKD 1,130,000 on January 1, 2019[109]. Shareholding Structure - As of June 30, 2019, Dr. Li Ka-shing holds a total of 119,816,310 shares, representing approximately 33.63% of the total issued shares of the company[57]. - Mr. Li Ning holds 119,017,090 shares, which accounts for approximately 33.41% of the total issued shares[57]. - The company has a significant shareholder, Henderson Land Development Company Limited, which also holds 119,017,090 shares, representing 33.41%[57]. - The total number of shares held by Wiselin Investment Limited is 48,817,090, which constitutes approximately 13.70% of the total issued shares[57]. - The total issued shares of the company are approximately 356,000,000, based on the calculations from the reported shareholdings[57]. Corporate Governance - The group confirmed compliance with the standards set out in the Listing Rules regarding securities transactions by directors during the six-month period ending June 30, 2019[30]. - The audit committee reviewed the interim financial report for the six months ending June 30, 2019, which was unaudited but reviewed by KPMG without any modifications[33]. - The group maintained a high level of corporate governance and adhered to the Corporate Governance Code as of June 30, 2019[29]. - The company has complied with the relevant provisions of the Listing Rules regarding connected transactions as defined in Chapter 14A[193]. Financial Reporting Standards - The company adopted the revised Hong Kong Financial Reporting Standard 16 on January 1, 2019, which affected the comparability of financial data[64]. - The transition to HKFRS 16 did not have a significant impact on the consolidated financial statements, as the company previously applied HKAS 40 for investment properties[97]. - The company will present right-of-use assets that do not meet the definition of investment properties as "Other properties, plant and equipment" in the financial position statement[103]. - The company adopted Hong Kong Financial Reporting Standard 16 (HKFRS 16) on January 1, 2019, which requires lessees to recognize right-of-use assets and lease liabilities for all leases, except for short-term leases and low-value asset leases[90]. Cash Flow and Dividends - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 61,804,000, a decrease of 81.8% compared to HKD 340,639,000 in the same period of 2018[81]. - The net cash generated from investing activities was HKD 128,646,000, compared to a net cash outflow of HKD 930,090,000 in the previous year, indicating a significant improvement[81]. - The company declared dividends amounting to HKD 99,757,000 for the past financial year, consistent with the previous year's dividend[81]. - The company declared an interim dividend of HKD 0.10 per share, consistent with the previous year[134]. Development Projects - The group successfully secured a contract for a redevelopment project in Sham Shui Po for HKD 1.029 billion, with a total floor area of approximately 144,345 square feet[9]. - The joint venture project in Tuen Mun is progressing well and is expected to be completed in 2022, providing approximately 1,636 residential units[12]. - The group entered a development agreement with Henderson Land Development Company Limited for the sale of 50% of the residential portion of the "Harbour View" property for HKD 1,500,000,000[164].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the latest financial year, reaching HKD 1.2 billion[3]. - The company's revenue for 2018 was HKD 1,089 million, representing a 143.1% increase from HKD 448 million in 2017[46]. - Shareholders' profit attributable to the company was HKD 345 million, up 10.9% from HKD 311 million in the previous year[46]. - The basic earnings per share increased to HKD 0.97, reflecting an 11.5% growth from HKD 0.87 in 2017[46]. - The group's consolidated profit after tax for the year ended December 31, 2018, was approximately HKD 345 million, an increase of 11% compared to HKD 311 million in 2017[59]. - Earnings per share for the year were HKD 0.97, up from HKD 0.87 in the previous year[59]. - The board has set a performance guidance of 12% growth in net profit for the next financial year, reflecting confidence in ongoing projects and market conditions[9]. Market Expansion and Strategic Initiatives - Future outlook includes plans for market expansion into new regions, aiming for a 20% increase in market share over the next three years[5]. - The company is investing in new product development, with a budget allocation of HKD 100 million for innovative technologies in the upcoming fiscal year[6]. - A strategic acquisition is planned to enhance operational capabilities, with an estimated investment of HKD 500 million[7]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic initiatives[46]. Customer Engagement and Satisfaction - The management highlighted a 10% increase in user data engagement, indicating a positive trend in customer interaction and satisfaction[4]. - The group regularly conducts customer satisfaction surveys to gather feedback and improve service performance[100]. - The company is exploring partnerships with technology firms to enhance service delivery, which is expected to increase efficiency by 15%[10]. Environmental, Social, and Governance (ESG) Practices - The company aims to improve its environmental, social, and governance (ESG) practices, targeting a 30% reduction in carbon emissions by 2025[8]. - The group is committed to integrating sustainable development elements into daily operations and has conducted carbon audits for two subsidiaries with high fuel consumption since 2011[93]. - The group upgraded one of its vehicles to meet the new EU Stage 6 emission standards as part of its efforts to improve roadside air quality[93]. - The group has installed a second rainwater collector at its shipyard to further reduce water consumption[93]. Shareholder Information - As of December 31, 2018, Dr. Li Ka-shing holds a total of 119,816,310 shares, representing approximately 33.63% of the total issued shares[142]. - Mr. Li Ning holds 119,017,090 shares, which accounts for approximately 33.41% of the total issued shares[139]. - The company has a significant shareholder, Henderson Land Development Company Limited, with 119,017,090 shares, also representing 33.41% of the total issued shares[139]. - The total number of shares held by major shareholders exceeds 50% of the total issued shares, indicating strong control over the company[139]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, as detailed in the corporate governance report[188]. - The board believes that good corporate governance practices are fundamental to effective management and enhancing shareholder value[194]. - The company has adhered to the corporate governance code provisions as of December 31, 2018[194]. - The board has established several committees, including audit, remuneration, and nomination committees, to assist in fulfilling its functions[197]. Operational Highlights - The joint venture project in Tuen Mun, which the group holds a 50% stake, is progressing well and consists of six residential buildings providing approximately 1,635 units with a total floor area of about 663,000 square feet, expected to be completed in 2022[2]. - The group achieved a profit of approximately HKD 238 million from the sale of residential units in various projects, including "海柏匯" which was fully sold by the end of 2018[62]. - The group's gross rental income from shops was approximately HKD 99 million, with occupancy rates for "港灣豪庭" and "逸峯廣場" at 99% and 91% respectively[66]. - The group won a land bid for a redevelopment project in Kowloon, covering an area of approximately 16,038 square feet, with a total floor area of about 144,345 square feet planned[66].