Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 242,896,000, representing an increase from HKD 206,766,000 in the same period of 2022, reflecting a growth of approximately 17.5%[13] - For the six months ended June 30, 2023, the group reported a profit of HKD 87,991,000, compared to HKD 65,073,000 for the same period in 2022, representing a year-on-year increase of approximately 35.5%[94] - Total comprehensive income for the period was HKD 92,677,000, up from HKD 69,485,000 in the previous year, indicating a growth of about 33.4%[94] - The net profit for the period was HKD 87,991,000, a 35% increase from HKD 65,073,000 in the previous year[130] - Earnings per share for the period were HKD 0.25, up from HKD 0.18 in the same period last year[130] - Operating profit for the six months was HKD 83,885,000, compared to HKD 76,766,000 in the previous year[111] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 73,775,000, compared to a net cash used of HKD (78,379,000) in the same period of 2022[1] - The company reported a decrease in cash and cash equivalents, with a net decrease of HKD (26,954,000) for the six months ended June 30, 2023, compared to a decrease of HKD (759,174,000) in the same period of 2022[1] - Cash and bank balances as of June 30, 2023, were HKD 163,292,000, a significant increase from HKD 115,129,000 as of December 31, 2022, reflecting a growth of 41.8%[31] - The group’s current assets amounted to HKD 3.75 billion, with current liabilities of HKD 310 million, resulting in a current ratio of 12.5 times[167] Investments and Assets - The segment revenue from property investment was HKD 83,773,000 for the six months ended June 30, 2023, up from HKD 77,911,000 in 2022, indicating a growth of about 7.4%[13] - The company recognized a valuation gain from investment properties of HKD 21,196,000 for the six months ended June 30, 2023, compared to HKD 11,570,000 in 2022, marking an increase of approximately 83.5%[16] - The total assets as of June 30, 2023, were HKD 1,800,560,000, compared to HKD 1,691,232,000 as of December 31, 2022, reflecting an increase of approximately 6.5%[26] - The company’s investment properties were valued at HKD 2,465,690,000, an increase from HKD 2,342,305,000, representing a growth of approximately 5.27%[188] Dividends and Shareholder Information - The interim dividend declared was HKD 53,441,000 for the six months ended June 30, 2023, consistent with the same amount declared in 2022[21] - The company declared an interim dividend of HKD 0.10 per ordinary share for the six months ended June 30, 2023, consistent with the previous year[41] - The major shareholder held approximately 33.41% of the company's issued shares as of June 30, 2023, unchanged from December 31, 2022[77] Liabilities and Provisions - The financing activities resulted in a net cash outflow of HKD (408,100,000) for the six months ended June 30, 2023, compared to a net cash outflow of HKD (54,710,000) in the same period of 2022[1] - The current tax provision for the six months ended June 30, 2023, was HKD 5,479,000, down from HKD 8,502,000 in the same period of 2022, indicating a decrease of about 35.5%[19] - The company has not recognized any contingent liabilities as of June 30, 2023, indicating a stable risk profile[35] Operational Highlights - The company continues to explore opportunities for market expansion and new product development, although specific figures were not disclosed in the report[30] - The company expects that the main revenue in the second half will continue to come from rental income and bank deposit interest[125] - The company has completed construction on a residential project in Cheung Sha Wan, with occupancy expected in early 2024[134] Related Party Transactions - The group has complied with the relevant provisions of the Listing Rules regarding related party transactions[84] - Management and administrative fees received from 2OK were HKD 13,000,000 for the period, compared to HKD 30,000,000 in the previous year, indicating a decline of 56.7%[51] - Management and air conditioning fees paid to a related company amounted to HKD 660,000 for the six months ended June 30, 2023, significantly higher than HKD 70,000 in 2022[73] - The group incurred management, air conditioning, and promotion fees of HKD 216,000 to a subsidiary of a major shareholder for the period, compared to HKD 170,000 in 2022, reflecting an increase of approximately 27.1%[77] Employee and Governance - The number of employees in the group was approximately 260, with compensation aligned to market trends and industry standards[169] - The group is focused on maintaining high levels of corporate governance and has complied with the relevant codes and standards[146]

Financial Performance - For the six months ended June 30, 2023, the company reported a profit of HKD 87,991,000, an increase of 35.4% compared to HKD 65,073,000 for the same period in 2022[3]. - The company's operating profit for the same period was HKD 83,885,000, up from HKD 76,766,000, reflecting a growth of 9.1%[3]. - Total comprehensive income for the period was HKD 92,677,000, compared to HKD 69,485,000 in the previous year, representing a year-on-year increase of 33.4%[7]. - Basic earnings per share increased to HKD 0.25 from HKD 0.18, marking a growth of 38.9%[3]. - The total profit before tax for the period was HKD 101,131,000, up from HKD 77,155,000 in the previous year, indicating a growth of around 31.0%[36]. - The group's unaudited consolidated net profit for the six months ended June 30, 2023, was HKD 88 million, a 35% increase compared to the same period in 2022[61]. - Earnings per share were HKD 0.25, up from HKD 0.18 in the previous year[61]. Revenue Growth - The group reported total revenue of HKD 242,896,000 for the six months ended June 30, 2023, compared to HKD 206,766,000 for the same period in 2022, representing an increase of approximately 17.5%[33]. - The real estate development segment generated revenue of HKD 27,617,000, while the real estate investment segment reported revenue of HKD 83,773,000, both showing growth compared to the previous year[33]. - The ferry, shipyard, and related businesses segment achieved revenue of HKD 69,801,000, an increase from HKD 57,638,000 in the prior year, indicating a growth of approximately 21.0%[33]. - The healthcare, medical beauty, and beauty services segment reported revenue of HKD 4,258,000, with no revenue reported in the previous year, marking a new revenue stream for the group[33]. - The securities investment segment generated revenue of HKD 7,719,000, up from HKD 1,189,000 in the previous year, reflecting a significant increase of approximately 548.0%[33]. - Total revenue for the six months ended June 30, 2023, was HKD 171 million, representing a 23% increase year-on-year, primarily due to increased interest income[71]. Asset and Equity Changes - As of June 30, 2023, total assets amounted to HKD 6,994,686,000, a decrease from HKD 7,303,688,000 as of December 31, 2022[9]. - The company's net equity attributable to shareholders decreased to HKD 6,910,665,000 from HKD 7,218,257,000, reflecting a decline of 4.3%[12]. - The company reported cash and bank balances of HKD 1,803,302,000, down from HKD 1,972,726,000, indicating a decrease of 8.6%[9]. - The company’s non-current assets totaled HKD 3,538,411,000, compared to HKD 3,627,506,000 at the end of 2022, showing a decline of 2.4%[9]. - As of June 30, 2023, the group's equity decreased by 4% to HKD 6.91 billion compared to December 31, 2022, primarily due to rental income recognition and property revaluation gains[79]. Liabilities and Financial Position - The company’s total liabilities decreased from HKD 1,085,431,000 to HKD 1,020,000,000, a reduction of approximately 6.0%[9]. - The group's current assets were HKD 3.757 billion and current liabilities were HKD 310 million, resulting in a current ratio of 12.5 times, a decrease attributed to increased trade and other payables[81]. - Trade receivables at the end of the reporting period amounted to HKD 56.7 million, compared to HKD 53.8 million at the end of 2022[57]. - Trade payables at the end of the reporting period were HKD 164.5 million, an increase from HKD 115.9 million at the end of 2022[59]. Segment Performance - Reported segment profit for real estate development was HKD 1,833,000, down from HKD 21,612,000 in the same period last year, representing a decrease of approximately 91.5%[36]. - Real estate investment segment profit increased to HKD 61,175,000 from HKD 51,404,000 year-on-year, marking a growth of about 19.5%[36]. - The profit from other segments surged to HKD 45,653,000 compared to HKD 8,581,000 in the previous year, reflecting a significant increase of approximately 431.5%[36]. - The group recorded a loss of HKD 3.9 million in the ferry, shipyard, and related businesses, compared to a loss of HKD 0.4 million in the same period last year[67]. - The company recorded a net loss of HKD (17,537,000) in the healthcare and beauty services segment, with no losses reported in the same period last year[36]. Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[3]. - The group expects the Hong Kong economy to recover, driven by government initiatives to enhance competitiveness and attract talent and businesses[70]. - The group expects that the main revenue for the second half of the year will continue to come from rental income from shops and interest from bank deposits[77]. - The property market in Hong Kong is expected to be subdued in the second half of the year due to rising mortgage costs and limited opportunities for interest rate cuts by the Federal Reserve[76]. Accounting Policies and Compliance - The group has decided to change its accounting policies to comply with new guidelines from the Hong Kong Institute of Certified Public Accountants regarding the cancellation of the MPF-long service payment offset mechanism[23]. - The group is currently assessing the impact of the new accounting guidelines, but has not yet completed a full evaluation, making it difficult to estimate the effect on the interim financial report[23]. - The group has not adopted any new standards or interpretations that have not yet come into effect during the current accounting period, indicating a stable accounting approach[22]. - The group’s operations are primarily based in Hong Kong, and thus, no geographical segment information is provided, focusing on internal reporting for resource allocation and performance assessment[29].

Financial Performance - The group's net profit after tax for the year ended December 31, 2022, was approximately HKD 1.299 billion, an increase of about 999% compared to the same period in 2021[1]. - Earnings per share for the year was HKD 3.65, compared to HKD 0.33 in 2021[1]. - The company's revenue for 2022 was HKD 281 million, representing a 15% increase from HKD 244 million in 2021[25]. - Shareholders' profit attributable to the company surged to HKD 1,299 million, a remarkable increase of 999% compared to HKD 118 million in the previous year[25]. - The total dividend declared for the year was HKD 445 million, marking a 400% increase from the previous year[25]. - Shareholders' equity rose to HKD 7,218 million, reflecting a 20% growth from HKD 6,005 million in 2021[25]. - Basic earnings per share increased to HKD 3.65, a 999% rise from HKD 0.33 in the prior year[25]. - The dividend payout ratio improved to 2.9 times, up 123% from 1.3 times in the previous year[25]. - Return on equity reached 18.0%, an increase of 800% from 2.0% in 2021[25]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.15 per share for the year ended December 31, 2022, consistent with the previous year, and a special dividend of HKD 1.00 per share, which was not paid in 2021[2]. - The group plans to distribute a final dividend of HKD 0.15 per share for the year ending December 31, 2022, consistent with the previous year[101]. Property and Revenue Generation - The rental income from commercial properties was approximately HKD 113 million for the year[38]. - The joint venture project "Imperial Court" successfully delivered 1,738 residential units, contributing to the company's revenue[28]. - The group has delivered 1,738 residential units from the "Empire" project, generating recognized revenue from property sales[39]. - The "Ying On" redevelopment project will provide approximately 100,698 square feet of residential floor area, with interior decoration currently in progress and expected completion in early 2024[39]. - The group anticipates that rental income from shops and malls will be a major source of revenue in 2023, following the revenue recognition from the "Empire" residential units[42]. - The group's revenue for the year was approximately HKD 281 million, representing a 15% increase compared to the previous year, primarily due to increased property sales, leasing, and interest income[72]. Losses and Challenges - The ferry and shipyard business recorded a loss of HKD 5.4 million, a decline from a profit of HKD 8.6 million in the previous year, primarily due to the lack of government subsidies for maintenance and repair costs[39]. - The group incurred a loss of HKD 16.9 million from securities investments due to fluctuations in the fair value of certain financial assets[39]. Corporate Governance and Risk Management - The company has established an audit committee consisting of four independent non-executive directors to oversee risk management and internal controls[61]. - The internal audit department has adopted a risk-based approach in its annual audit plan, assessing the effectiveness of the risk management and internal control systems as of December 31, 2022[67]. - The company is committed to continuous evaluation of its risk management processes and has shared key audit findings with the internal risk management team[67]. - The board of directors includes experienced members with extensive backgrounds in banking and real estate development, enhancing corporate governance[55]. - The company has a proactive strategy for identifying and managing risks related to achieving organizational goals[66]. - The company is focused on maintaining effective and sufficient risk management and internal control systems, as confirmed by the audit committee[67]. - The company has a clear governance structure with designated committees for nominations, remuneration, and audit, ensuring accountability[60]. Employee and Training Initiatives - The total employee cost for the year was approximately HKD 99 million, with around 250 employees, an increase from 200 employees in the previous year[75]. - The group provided approximately 4,344 training hours for employees during the year, with 20% of training focused on safety-related topics[89]. Environmental and Social Responsibility - The group aims to reduce greenhouse gas emissions by 30% by 2030 compared to the 2021 baseline, in response to climate change challenges[83]. - The group installed a third rainwater collection system during the year, which will be used for vehicle washing, floor cleaning, and irrigation[86]. - The group successfully avoided 1,924 liters of wastewater from being discharged into the harbor through its onshore sewage treatment system in the ferry business[86]. - The group has maintained a high level of business ethics, considering the needs of stakeholders to sustain positive long-term partnerships[87]. - The total charitable donations made by the group during the year amounted to HKD 18,725, an increase from HKD 14,340 in the previous year[103(A)]. Shareholding and Ownership Structure - As of December 31, 2022, the 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[122]. - 李寧先生 holds 119,017,090 shares, which is 33.41% of the total issued shares, and is considered a major shareholder due to family trust arrangements[124]. - The company has a total of 119,017,090 shares held by multiple entities, indicating significant ownership concentration[123]. Board Composition and Diversity - The board consists of 8 male directors and 1 female director, achieving gender diversity with males representing approximately 89% and females 11%[1]. - The company has a total of 248 employees, with male employees making up 68% and female employees 32%[1]. - The board diversity policy was approved in August 2013 and revised in December 2018, focusing on gender, age, professional experience, and ethnicity[1]. - The nomination policy aims to identify and assess candidates for board positions, ensuring a diverse range of skills and experiences[1]. Compliance and Transparency - The company has established appropriate insurance coverage for potential legal claims against its directors and senior management[120]. - The board of directors' remuneration details are included in the financial statements, ensuring transparency in compensation[107]. - The company has not entered into any significant transactions or arrangements that would provide substantial benefits to its directors outside of disclosed related party transactions[107]. - The company maintains a register of interests in shares as required by the Securities and Futures Ordinance[108]. - The company has a clear governance structure with independent confirmations of director independence as per listing rules[107]. Audit and Financial Oversight - The Audit Committee is responsible for reviewing annual and interim results, overseeing financial reporting standards, and discussing financial reports with external auditors[196]. - The Audit Committee supervises the effectiveness of the group's risk management and internal control systems, including accounting and reporting functions[196]. - The Audit Committee held two meetings during the year, reviewing the annual performance and financial statements for the year ended December 31, 2021, and providing recommendations to the board[189].

Financial Performance - The company's net profit after tax for the year ended December 31, 2022, was approximately HKD 1.299 billion, an increase of about 999% compared to the same period in 2021[2]. - Earnings per share for the year was HKD 3.65, compared to HKD 0.33 in 2021[11]. - The operating profit for the year was HKD 176.345 million, slightly up from HKD 169.945 million in the previous year[11]. - The total revenue for the year was HKD 280.632 million, compared to HKD 244.197 million in 2021, reflecting a growth of approximately 15%[11]. - The company reported a pre-tax profit of HKD 1.356 billion, compared to HKD 138.603 million in the previous year[11]. - The total comprehensive income for the year included other comprehensive income of HKD 150.482 million[11]. - The company’s total income was HKD 461,436,000 in 2022, up from HKD 392,574,000 in 2021, indicating a growth of approximately 17.5%[41]. - The deferred tax for 2022 was HKD 58,433,000, significantly higher than HKD 13,771,000 in 2021, marking an increase of about 324%[40]. - The current tax provision for the year was HKD 28,468,000, compared to HKD 30,040,000 in the previous year, showing a decrease of around 5.2%[40]. - The company’s other income, including interest income and government grants, amounted to HKD 150,482,000 in 2022, up from HKD 82,203,000 in 2021, reflecting an increase of approximately 83%[45]. - The group reported a net loss of HKD 23,057,000 from the fair value changes of other financial assets in 2022, compared to a loss of HKD 7,632,000 in 2021, indicating a significant increase in losses[50]. - Basic earnings per share for the year amounted to HKD 1,299,136,000, compared to HKD 118,249,000 in 2021, reflecting a substantial increase in profitability[57]. - The group recorded a loss of HKD 16.9 million from securities investments due to market downturns[90]. Revenue and Investment - The company recognized a significant gain from its 50% stake in the "Emperor" joint venture project, contributing to the substantial increase in profit[2]. - In 2022, the total revenue from property investment was HKD 160,034,000, compared to HKD 147,200,000 in 2021, reflecting an increase of approximately 8.5%[41]. - The profit from property development and investment in 2022 was HKD 98,928,000, a decrease from HKD 148,036,000 in 2021, representing a decline of about 33.3%[42]. - The company plans to continue expanding its real estate development and investment activities in the coming year[19]. - The company plans to continue expanding its property investment portfolio, focusing on increasing rental income and exploring new market opportunities[41]. - The group’s gross rental income from shops was approximately HKD 113 million in 2022, with full occupancy for "Liangxianju" and "Chengzhonghui" shops, and an occupancy rate of 89% for "Jiayuanju" shops[68]. - The joint venture project "Imperial Court" has delivered 1,738 residential units, confirming revenue from property sales[69]. - The "Ying'an" development project in Cheung Sha Wan is expected to complete indoor decoration by early 2024, providing approximately 100,698 square feet of residential floor area[70]. Dividends and Shareholder Equity - The group proposed a final dividend of HKD 0.15 per share and a special dividend of HKD 1.00 per share, totaling HKD 356,274,000 for the special dividend alone[56]. - Shareholders' equity increased by approximately 20% to HKD 7.218 billion, driven by confirmed property sales and rental profits[74]. - The group plans to distribute a final dividend of HKD 0.15 per share and a special dividend of HKD 1.00 per share, totaling HKD 1.25 for the year[86]. - The company will distribute a special dividend of HKD 1 per share to shareholders as part of its centenary celebrations[98]. Assets and Liabilities - The company’s total assets as of December 31, 2022, were reported at HKD 1,232,000,000, compared to HKD 1,170,000,000 in 2021, showing an increase of about 5.3%[40]. - The group’s total liabilities related to trade and other payables were projected to be settled within one year, with trade payables amounting to HKD 16,172,000 in 2022, slightly down from HKD 16,527,000 in 2021[62]. - The group’s cash and cash equivalents increased to HKD 115,129,000 in 2022, compared to HKD 96,381,000 in 2021, indicating improved liquidity[63]. - As of December 31, 2022, the group's current assets were approximately HKD 3.907 billion, with current liabilities of about HKD 231 million, resulting in a current ratio of 16.9 times[93]. - Non-current assets amounted to HKD 3,627,506,000, an increase from HKD 3,091,734,000 in the previous year, representing a growth of approximately 17.3%[126]. - Current assets totaled HKD 3,907,115,000, compared to HKD 3,177,496,000 last year, indicating a year-on-year increase of about 23.0%[126]. - Total assets less current liabilities reached HKD 7,303,688,000, up from HKD 6,084,318,000, reflecting a growth of around 20.0%[126]. - Net assets amounted to HKD 7,218,257,000, compared to HKD 6,004,518,000 in the previous year, showing an increase of approximately 20.2%[126]. - The company reported a significant increase in current liabilities, with trade and other payables at HKD 183,927,000, compared to HKD 163,882,000 last year, marking an increase of about 12.6%[126]. Operational Insights - The group’s operating profit primarily derived from rental income from shops and markets during the review year[67]. - The total employee cost for the year was approximately HKD 99 million, with the number of employees increasing to about 250 from 200 in the previous year[112]. - The ferry and related businesses recorded a loss of HKD 5.4 million, a decline from a profit of HKD 8.6 million in 2021, primarily due to the lack of government subsidies for maintenance[71]. - The AMOUR medical beauty clinic opened in August, occupying 12,000 square feet, offering high-quality personalized medical beauty services[91]. - The company is expanding its medical and aesthetic services to provide a variety of quality healthcare offerings[107]. Regulatory and Compliance - The company has implemented new accounting policies regarding contract losses, which may impact future financial reporting[17]. - The company has implemented new accounting policies that clarify the assessment of contracts and their associated costs, which may impact future financial reporting[36]. - The company has adopted the "Standard Code" for securities trading by directors, confirming compliance for the fiscal year ending December 31, 2022[117]. - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards and comply with the applicable disclosure requirements of the Listing Rules[127]. - The impact of revised Hong Kong Financial Reporting Standards has been reflected in the financial statements for the current accounting period[128]. - The company has not adopted any new standards or interpretations that are not yet effective during the reporting period[129]. - The audit committee reviewed the financial performance for the year ending December 31, 2022, with no differing opinions noted[116]. Market Outlook - The easing of COVID-19 restrictions is expected to boost local consumption and aid economic recovery as travel increases[97]. - The Hong Kong government has allocated HKD 30 billion to establish a "Co-Investment Fund" to attract corporate investments, enhancing the region's competitiveness[113]. - The Hong Kong private healthcare expenditure reached HKD 88.1 billion in the 2019/2020 fiscal year, indicating significant growth potential in the healthcare sector[107]. - The company plans to continue seeking suitable retail investments and is monitoring appropriate land for development purposes[114].

Financial Performance - The group's unaudited consolidated net profit after tax for the six months ended June 30, 2022, was HKD 65 million, a decrease of 4% compared to the same period last year. Earnings per share were HKD 0.18, down from HKD 0.19 in the previous year[6]. - The group's revenue for the six months ended June 30, 2022, was HKD 139 million, an increase of 22% compared to the same period last year, primarily due to the sale of parking spaces[18]. - The company reported revenue of HKD 138,947,000 for the six months ended June 30, 2022, representing an increase of 21.6% compared to HKD 114,289,000 in the same period of 2021[52]. - Total revenue for the six months ended June 30, 2022, was HKD 206,766,000, an increase from HKD 194,585,000 in the same period of 2021, representing a growth of approximately 6.0%[84]. - The operating profit for the same period was HKD 76,766,000, down 24.4% from HKD 101,539,000 year-on-year[52]. - The net profit attributable to equity shareholders was HKD 65,073,000, a decrease of 4.2% from HKD 68,037,000 in the previous year[56]. - The company reported a pre-tax profit of HKD 77,155,000, compared to HKD 76,780,000 in the previous year[93]. - The company incurred administrative expenses of HKD 26,452,000, an increase from HKD 24,672,000 in the previous year[52]. - The company recorded other income of HKD 39,683,000, down 17.0% from HKD 47,816,000 in the previous year[52]. - The valuation gain on investment properties was HKD 11,570,000, significantly lower than HKD 35,502,000 in the same period last year[52]. - Total comprehensive income attributable to equity shareholders was HKD 69,485,000, slightly up from HKD 68,823,000 in the previous year[56]. Revenue Segments - The group recorded a loss of HKD 400,000 from ferry and related businesses, a significant decline from a profit of HKD 16.9 million in the same period last year[11]. - Real estate development segment generated revenue of HKD 27,617,000 for the six months ended June 30, 2022, compared to HKD 19,000 in the same period of 2021, indicating a significant increase[84]. - Real estate investment segment reported revenue of HKD 77,911,000, up from HKD 73,708,000 year-on-year, reflecting a growth of about 5.9%[84]. - The ferry, shipyard, and related businesses segment earned HKD 57,638,000, down from HKD 77,471,000 in the previous year, showing a decline of approximately 25.6%[84]. - Securities investment segment revenue decreased to HKD 1,189,000 from HKD 3,813,000, a decline of about 68.9%[84]. - Other income for the six months ended June 30, 2022, was HKD 42,411,000, compared to HKD 39,574,000 in the same period of 2021, representing an increase of approximately 4.6%[84]. Dividends and Shareholder Information - The board declared an interim dividend of HKD 0.10 per share, consistent with the previous year[6]. - The interim dividend declared was HKD 35,627,000, unchanged from the previous year[103]. - As of June 30, 2022, the total equity held by directors included 150,000 shares by Dr. Lin, representing approximately 0.04% of the total issued shares[41]. - Major shareholders include 恒基兆業地產有限公司 and its subsidiaries, holding approximately 33.41% of the total issued shares[48]. - The group’s major shareholder, 恒地, holds approximately 33.41% of the issued share capital as of June 30, 2022[164]. Assets and Liabilities - The group's total equity as of June 30, 2022, was HKD 6.021 billion, a slight increase of 0.3% compared to December 31, 2021[19]. - The group's non-current assets amounted to HKD 95,499,000, while current assets were HKD 8,110,003,000, resulting in total assets less current liabilities of HKD 1,096,788,000[38]. - The group's total liabilities included non-current liabilities of HKD 1,209,052,000, leading to a net liability position of HKD (112,264,000) as of June 30, 2022[38]. - The company's cash and cash equivalents decreased to HKD 329,819 thousand as of June 30, 2022, down from HKD 690,026 thousand at the beginning of the year, representing a decline of about 52.2%[67]. - The company's total liabilities included trade and other payables of HKD 17,639,000 (unaudited) as of June 30, 2022, up from HKD 16,527,000 (audited) as of December 31, 2021[127]. - The company's inventory increased to HKD 1,460,105 thousand from HKD 1,340,088 thousand, marking a rise of approximately 9%[62]. Corporate Governance - The board confirmed compliance with the Corporate Governance Code as of June 30, 2022, ensuring high standards of corporate governance[29]. - The company has adopted written guidelines for employees regarding the trading of the company's securities, ensuring compliance with the standards set forth in the Corporate Governance Code[30]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the review period[27]. - The company has not participated in any arrangements allowing directors or senior executives to benefit from purchasing shares or bonds of the company or any other entity[28]. - The audit committee reviewed the interim financial report for the six months ended June 30, 2022, with no differing opinions noted[32]. - The company's financial report is prepared in accordance with the Hong Kong Financial Reporting Standards and has been reviewed by KPMG[70]. Future Outlook - The group expects a favorable performance for the full year, with residential units from the "Imperial Residence" project to be delivered in the second half of the year, contributing to revenue recognition[17]. - The group plans to diversify into the medical beauty business, with a new clinic opening in Tsim Sha Tsui in mid-August, offering various beauty and light medical services[14]. - The group is collaborating with an international oncology care medical group to provide cancer treatment services, aiming to increase market share[17].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a 15% year-over-year growth[3] - The company's revenue for 2021 was HKD 244 million, representing a 17.3% increase from HKD 208 million in 2020[25] - Shareholders' profit attributable to the company surged to HKD 118 million in 2021, a 337.0% increase from HKD 27 million in 2020[25] - Basic earnings per share rose to HKD 0.33, marking a 371.4% increase compared to HKD 0.07 in the previous year[25] - The group recorded a profit of HKD 8.6 million from ferry and shipyard operations, an improvement compared to a loss of HKD 17.9 million in 2020[41] - The group's revenue for the year was approximately HKD 244 million, representing a 17% increase compared to the previous year, primarily due to increased earnings from the shipyard[49] User Engagement and Market Expansion - User data showed a rise in active users by 20%, reaching 500,000 users by the end of the fiscal year[3] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[3] - A new marketing strategy is being implemented, expected to increase brand awareness by 30% over the next year[3] Future Outlook - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[3] - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on enhancing customer experience[3] - The group expects a favorable performance in 2022, barring unforeseen circumstances, and plans to distribute a special dividend of HKD 1 per share to celebrate its 100th anniversary[44] Research and Development - The company is investing HKD 50 million in research and development for new technologies aimed at improving operational efficiency[3] - The group plans to invest several times the initial amount in the medical beauty sector over the next few years[44] Environmental, Social, and Governance (ESG) Initiatives - The board emphasized the importance of environmental, social, and governance (ESG) initiatives, committing to reduce carbon emissions by 25% over the next five years[3] - The group has set a greenhouse gas reduction target of 30% by 2030 compared to 2021, with initiatives including the installation of 100 solar panels with a capacity of 44.5 kW[61] - The group has implemented stricter internal standards for ferry services, using diesel with only 0.001% sulfur content since January 2020 to reduce air pollution[61] - The group has introduced a rainwater collection system to conserve resources, using collected rainwater for vehicle washing and irrigation[63] - The company aims to reduce energy consumption by 30% by 2030 compared to the 2021 baseline[193] - The company targets a 30% reduction in greenhouse gas emissions by 2030 compared to the 2021 baseline[194] Corporate Governance - The board is committed to maintaining high standards of corporate governance and compliance with the Corporate Governance Code[119] - The board consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[125] - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific matters[143] - The audit committee reviewed the audited financial statements for the year ending December 31, 2021, ensuring compliance with internal controls and financial reporting[113] Shareholder Communication - The company has a shareholder communication policy to ensure timely and equal access to information regarding overall performance[174] - Shareholders can submit inquiries to the board through the company secretary, ensuring communication channels are open[181] - The company provides a website for shareholders to access financial information and announcements[174] Employee Engagement and Development - The total employee cost for the year was approximately HKD 87 million, with the number of employees remaining stable at around 200[53] - Employee training hours totaled 4,021, with an employee turnover rate of 15.5%[191] - The group encourages employee development through internal and external training opportunities to maximize their potential[65] Community Engagement - The company initiated 30 community programs during the reporting period[191] - Charitable donations made by the group during the year amounted to HKD 14,340, an increase from HKD 5,600 in the previous year[75] Risk Management - The company has a robust risk management and internal control system, monitored by the Audit Committee[144] - Major risks identified during the year include business risk, financial risk, regulatory and compliance risk, and operational risk, with corresponding monitoring strategies reported to the audit committee[168] Performance Indicators - The company identified 31 key performance indicators (KPIs) classified as "high" and "medium" importance by the Hong Kong Stock Exchange[200] - High importance KPIs include total number of employees, employee turnover rate, and occupational health and safety measures[200] - Medium importance KPIs include the number of suppliers by region and the percentage of trained employees[200]

Financial Performance - The group's unaudited profit after tax for the six months ended June 30, 2021, was HKD 68 million, an increase of 275% compared to the same period in 2020[5] - Earnings per share were HKD 0.19, compared to HKD 0.05 in the same period last year[5] - The group's revenue for the six months ended June 30, 2021, was HKD 114 million, a 9% increase from the previous year, primarily due to increased income from the shipyard business[16] - The group recorded a profit of HKD 16.9 million from ferry, shipyard, and related businesses, compared to a loss of HKD 4.1 million in the same period last year[12] - The net profit attributable to equity shareholders was HKD 68,037,000, compared to HKD 18,164,000 in the previous year, reflecting a year-on-year growth of 274.5%[54] - Total comprehensive income for the period was HKD 68,823,000, compared to a loss of HKD 20,104,000 in the same period last year, showcasing a strong turnaround[58] - The net profit before tax for the six months ended June 30, 2021, was HKD 76,780,000, up from HKD 25,790,000 in the previous year[101] Revenue Sources - The group sold approximately 1,680 residential units in the "Imperial Bay" project, accounting for 95% of the total, with a total sales amount of approximately HKD 8.2 billion[8] - The group expects to continue generating revenue primarily from shop rental income in the second half of the year[14] - Revenue from the ferry, shipyard, and related businesses reached HKD 77,471,000, up 75.8% from HKD 44,045,000 in the previous year[90] - The property investment segment generated revenue of HKD 73,708,000, slightly increasing from HKD 73,292,000 year-on-year[90] - The group reported a significant increase in other income, which rose to HKD 47,816,000 from HKD 27,184,000, marking a growth of 76.3%[89] Assets and Liabilities - The group's current assets were HKD 2.58 billion, with current liabilities of HKD 174 million, resulting in a current ratio of 14.8 times[18] - The group's equity increased by 0.3% to HKD 59.888 billion as of June 30, 2021[17] - The company’s total liabilities were reported at HKD 5,655,081,000, leading to a net liability position of HKD 99,196,000 for the joint venture[37] - The company reported a total equity of HKD 5,987,679 as of June 30, 2021, compared to HKD 5,972,297 at the end of 2020, reflecting a slight increase of about 0.3%[63] - The company’s inventory increased to HKD 1,281,186 from HKD 1,231,195, indicating a rise of about 4.1%[63] Compliance and Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange's listing rules[26] - The company has adopted written guidelines for employees regarding securities trading to ensure compliance with the standards set forth in the listing rules[27] - The company’s audit committee reviewed the interim financial report for the six months ending June 30, 2021, which was unaudited but reviewed by KPMG[29] - The company has complied with the relevant provisions of the Listing Rules regarding related party transactions[165] Shareholder Information - As of June 30, 2021, the company’s directors held a total of 123,331,040 shares, representing approximately 33.41% of the total issued shares[41] - Major shareholders include 恒基兆業地產有限公司 and its subsidiaries, holding approximately 33.41% of the issued shares[46] - The company has not received any notifications regarding other interests or short positions in its shares as of June 30, 2021[50] Future Outlook - The company plans to continue expanding its market presence and exploring new strategies for growth in the upcoming periods[47] - The group anticipates that the residential market will remain stable, with private residential prices increasing by 3.4% in the first half of the year[14] Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2021, was HKD 11,660, compared to HKD 4,435 in the previous year, showing an increase of approximately 163.5%[71] - The net cash generated from investing activities was HKD 322,014, a significant increase from HKD 40,345 in the prior year[71] - The company received HKD 600,000,000 from joint ventures during the six months ending June 30, 2021[119] Dividends - The company declared an interim dividend of HKD 0.10 per share, consistent with the previous year[110] - The company paid dividends amounting to HKD 53,441 during the period, down from HKD 99,757 in the previous year, representing a decrease of approximately 46.4%[71]

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]