Core Viewpoint - The controlling stake of Heizhima (000716.SZ) may change as its major shareholder, Heiwulai Group, plans to transfer approximately 20% of its shares to a state-owned enterprise in Guangxi, potentially leading to a shift in the company's strategic direction [2][3]. Group 1: Share Transfer and Control Change - Heiwulai Group, the controlling shareholder of Heizhima, is planning to transfer about 20% of its shares to a state-owned enterprise in Guangxi, which could result in a change of control for the company [2][3]. - As of the end of Q1 2025, Heiwulai Group holds 30.25% of Heizhima's shares, and if the transfer is completed, the state-owned enterprise will become the new controlling shareholder [3]. Group 2: Financial Performance and Strategic Challenges - Heizhima has experienced a continuous decline in net profit from 2018 to 2022, with losses of 109 million yuan and 140 million yuan in 2021 and 2022, respectively [5]. - The company attempted to diversify into the renewable energy sector but faced setbacks, including the termination of a planned investment in a lithium battery project [5][6]. - In 2025 Q1, Heizhima reported revenue of 442 million yuan, a year-on-year decrease of 3.74%, and a net profit of 2.25 million yuan, down 29.61% year-on-year [9]. Group 3: Management and Governance Issues - Heizhima has faced governance challenges, including warnings from regulatory bodies regarding non-operational fund occupation and unauthorized guarantees by its controlling shareholders [7][9]. - The former chairman, Wei Qingwen, known as the "father of black food," resigned in October 2024, with the company facing scrutiny over financial irregularities during his tenure [8][9].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 美麗華酒店企業有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00071 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 690,959,695 | | 0 | | 690,959,695 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 690,959,695 | | 0 | | 690,959,695 | 第 ...

Core Viewpoint - The company, Southern Black Sesame Group Co., Ltd., is undergoing a potential change in control as its major shareholder, Guangxi Black Five Food Group Co., Ltd., plans to transfer approximately 20% of its shares to a state-owned enterprise in the Guangxi Zhuang Autonomous Region, which may lead to a change in the company's control [2][4]. Company Overview - Southern Black Sesame Group was founded in 1984 and is a large private enterprise focusing on the black sesame industry, integrating research, production, and sales of health products [6]. - The company is recognized as one of the first agricultural industrialization leading enterprises in China and is listed as the first black sesame industry stock on the Shenzhen Stock Exchange [6]. - The company’s headquarters is located in Nanning, Guangxi, with production bases in multiple provinces including Guangxi, Anhui, Hubei, and Zhejiang [6]. Product and Market Strategy - The company offers a variety of products including black sesame paste, drinks, and health foods, targeting the aging population and health-conscious consumers [6]. - The brand "Southern Black Sesame Paste" is well-known in China and has been popular for over thirty years, while the company has launched a high-end health black sesame paste product in 2023 [6]. - The company is also focusing on the beverage sector, promoting ready-to-drink black sesame products and collaborating with traditional medicine research institutions to develop health drinks for the elderly [7]. Financial Performance - In 2024, the company reported a revenue of 2.465 billion yuan, a decrease of 7.92% year-on-year, attributed to strategic adjustments aimed at improving quality and efficiency [8]. - The net profit for the same period was 77.74 million yuan, showing a significant increase of 80.46% year-on-year [8]. - For the first quarter of the current year, the company achieved a revenue of 442 million yuan, down 3.74% year-on-year, with a net profit of 2.25 million yuan, a decline of 29.61% [8]. Stock Performance - As of August 1, the company's stock price increased by 4.81%, closing at 6.54 yuan per share, with a total market capitalization of 4.928 billion yuan [9].

Core Viewpoint - The company Black Sesame (000716) is planning a change in control, leading to a temporary suspension of its stock trading starting August 4, 2025, until further announcements are made [1] Company Overview - Black Sesame is engaged in the research, production, and sales of health-focused food products, as well as providing one-stop e-commerce services [1] - The main product lines include black sesame paste, drinks, rice, and coarse grains, with a notable product being the only health food-marked black sesame paste in China [1] Financial Performance - In 2024, Black Sesame reported a revenue of 2.465 billion yuan, a year-on-year decrease of 7.92%, attributed to a strategic shift towards quality and efficiency, resulting in the reduction of low-performing e-commerce operations [1] - The net profit for 2024 was 77.7376 million yuan, showing a significant year-on-year increase of 80.46% [1] - For the first quarter of this year, the company achieved a revenue of 442 million yuan, down 3.74% year-on-year, with a net profit of 2.2511 million yuan, reflecting a decline of 29.61% [1] Market Conditions - The company has noted increased competition in its market, with issues such as international brands engaging in price dumping and regional small brands competing on price, leading to product homogenization [2] - The decline in revenue from third-party brand e-commerce operations is primarily due to the company's strategic focus on high-margin brand operations, despite a decrease in overall revenue from this segment [2] - The company plans to continue optimizing its business structure to adapt to market changes and align with its strategic development needs [2]

据了解，黑芝麻是一家以食品研发、生产和销售为一体专注于大健康食品经营的企业以及一站式电子商务服务商。目前主营业务涵盖以黑芝麻糊为代表的 黑色健康食品、黑芝麻饮料、大米、粗粮等食品的生产经营，以及电商平台经营业务。 8月4日，深交所公告，黑芝麻(000716)拟筹划控制权变更事项，经公司申请，公司股票于2025年8月4日开市起临时停牌，待公司通过指定媒体披露相关公 告后复牌。 值得注意的是，在最新年报中，黑芝麻提示公司所在市场竞争加剧。黑芝麻指出，国际品牌低价倾销，区域中小品牌低价抢单、产品同质化等现象时有发 生，食品行业内卷程度加剧。 同时，2024年黑芝麻第三方品牌电商业务收入下降。对此，公司表示，主要原因是公司执行"提质提效、效益优先"的战略调整，主动压缩了低效能的电商 业务。报告期公司根据电商行业的发展变化，专注高毛利率品牌业务经营，虽因经营的品项结构优化调整导致该项业务的营业收入有一定下滑，但经营效 益提升明显，业务资源得到进一步优化整合。后续公司大概率会持续推进该业务板块的调整优化，以适应市场变化和公司战略发展需求。校对：高源 目前，黑芝麻食品业务主要包括黑芝麻糊、黑芝麻丸、黑芝麻饼、黑芝麻糕、黑芝 ...

Group 1 - A total of 113 stocks reached a 52-week high as of July 9, with the top three being Wapstar Metaverse (08093) at 72.59%, Giant Star Legend (06683) at 48.08%, and Beihai Kangcheng-B (01228) at 46.55% [1] - Wapstar Metaverse closed at 0.233 and reached a high of 0.340, while Giant Star Legend closed at 12.440 with a peak of 17.000 [1] - Beihai Kangcheng-B had a closing price of 0.690 and a maximum price of 0.850 [1] Group 2 - Other notable stocks that reached new highs include China San San Media (08087) with a high rate of 32.70%, and Zhongshen Jianye (02503) at 27.66% [1] - The list also includes Shengli Securities (08540) at 23.71% and Heng Rui Pharmaceutical (01276) at 14.94% [1] - The data indicates a strong performance in the market, with various sectors represented among the top gainers [1] Group 3 - The report also highlights stocks that reached new lows, with the worst performer being Jiaming Group Holdings (01271) at -28.81% [3] - Other significant declines include Baiwang Shares (06657) at -23.89% and Chenxun Technology (02000) at -10.34% [3] - The report provides a comprehensive overview of market movements, indicating both highs and lows across different stocks [3]

ST东时违法事实包括2021年未按规定披露关联交易、2023年未按规定披露关联方非经营性资金占用导 致的关联交易，且在相关年度报告中存在重大遗漏。根据《行政处罚决定书》，公司被责令改正，给予 警告，并处以500万元罚款。 又见A股公司及实控人被查。 5月30日晚间，*ST京蓝（000711）、ST东时（603377）发布公告，公司收到中国证监会立案告知书， 因涉嫌信息披露违法违规，中国证监会决定对公司立案。 同日，另一家上市公司*ST天喻（300205）公告称，公司实际控制人之一闫春雨等人涉嫌挪用资金案， 符合刑事案件立案标准，已被武汉市公安局立案侦查。 三家公司均表示，前述事项不会对日常生产经营产生重大影响，后续将配合相关部门调查并关注事项进 展，严格按照相关要求履行信披义务。 两家上市公司被立案调查 对于涉嫌信披违规的具体事项，*ST京蓝、ST东时均未在公告中明确。 证券时报.e公司记者关注到，这并非*ST京蓝、ST东时首次被中国证监会立案调查。2023年7月，*ST京 蓝曾因涉嫌信息披露违法违规被立案，并在2023年11月收到《行政处罚决定书》；ST东时则在2023年 12月因涉嫌信披违规被立案调查，并 ...

Financial Performance - The group's total revenue for 2024 was HKD 2,858 million, an increase of 12.0% compared to HKD 2,552 million in 2023[15] - Basic earnings attributable to shareholders rose by 1.2% to HKD 831 million in 2024, compared to HKD 821 million in 2023[10] - Basic earnings per share for 2024 was HKD 1.20, slightly up from HKD 1.19 in 2023[12] - The group received certifications for its hotels as Muslim-friendly, enhancing its competitive position in the market[19] - The hotel and serviced apartment business reported total revenue of HKD 597.4 million, an increase of 2.7% compared to HKD 581.9 million in the same period last year[28] - EBITDA for the hotel and serviced apartment business was HKD 139.9 million, a decrease of 8.8% from HKD 153.5 million in the previous year[28] - The group's food and beverage revenue increased by 3.9% to HKD 290.4 million, while EBITDA dropped by 62.4% to HKD 11.3 million[39] - The tourism business recorded a revenue of HKD 1.1794 billion, with EBITDA rising by 118.4% to HKD 102 million, marking a significant recovery from the previous year[43] - Rental income for the group was HKD 791.3 million, with an EBITDA of HKD 663.9 million, reflecting a slight decrease of 0.5% and 0.9% compared to the previous year[32] Tourism and Hospitality - The tourism segment saw a significant revenue increase of 31.6% year-on-year, contributing to the overall growth[19] - The average occupancy rates for The Mira Hong Kong and Moon Hotel exceeded 92% and 95% respectively, reflecting strong performance in the hotel sector[19] - The Mira Hong Kong and Moontide Hotel's occupancy rates increased to 92.1% and 95.4% respectively in 2024, compared to 89.8% and 95.0% in 2023; average room rates reached HKD 1,416 and HKD 1,636[30] - The group anticipates continued growth in the tourism sector due to increased airline capacity and rising outbound travel demand[44] Investment and Financial Strategy - As of December 31, 2024, the group's total cash was HKD 6 billion, an increase from HKD 5.6 billion on December 31, 2023, with no loans reported[47] - The total credit facilities granted to the group remained at HKD 900 million as of December 31, 2024, with no utilization reported[47] - The group's debt-to-equity ratio remained at zero, indicating a strong financial position with sufficient funds and credit facilities to navigate uncertain economic conditions[47] - The group continues to seek investment opportunities and increase financial asset investments, focusing on long-term holdings[47] - The group capitalized on the trend of U.S. interest rate cuts and the rise of the mainland stock market, achieving over HKD 60 million in profits from securities investments during the year[47] Sustainability and Environmental Initiatives - The group follows the ESG reporting principles of "materiality," "quantification," "balance," and "consistency" as per the Hong Kong Stock Exchange guidelines[70] - The company is implementing energy optimization measures, including upgrading lighting efficiency and integrating sustainable design principles into building projects[82] - A commitment to carbon neutrality has been established through participation in the "Starry Partnership" program, demonstrating the company's dedication to reducing its carbon footprint[83] - The group has established a "Mi Go Green" collaborative platform to promote sustainable living and reduce meat consumption, aiming for a greener lifestyle[113] - The "Mi Green Park" initiative, launched in collaboration with CLP Power, features 25 electric vehicle charging stations, including 7 kW AC and 120 kW DC fast charging options, contributing to reduced carbon emissions[114] - The company implemented energy-saving measures, reducing electricity consumption by over 9 million kWh[133] - The lighting system upgrades saved over 80% of electricity in certain areas, contributing to a "good" energy performance rating[134] Community Engagement and Social Responsibility - The group actively supports community development through the "Mira Care" platform, engaging in social services and charitable activities[143] - The group partnered with the Hong Kong Children’s Rescue Association to promote sustainable development through a special event for underprivileged families[153] - The group is committed to fostering young talent by providing internship opportunities at The Mira Hong Kong for students from the Hong Kong Student Aid Society[166] - The group has organized hotel tours and employment seminars for 43 secondary school students in 2024, aimed at increasing awareness of the hotel industry[186] - The group has collaborated with local organizations to host a "Minority Recruitment Day," providing employment opportunities for ethnic minorities[182] Employee Training and Safety - Over 18,000 hours of training provided to employees, both online and offline[67] - The company recorded 30 workplace accidents in the reporting year, a decrease of 14 incidents (32% drop) compared to 2023, resulting in a total of 639.5 lost workdays[198] - The total injury rate significantly decreased by 35% to 1.88% over the reporting period[198] - The company established an Occupational Safety and Health Committee in 2023, comprising senior management and representatives from all relevant business units[198] - The company emphasizes equal opportunity in hiring practices, ensuring that applicants are not required to disclose unrelated personal information[195]

Financial Performance - The group's revenue increased by 12% to HKD 2.858 billion, compared to HKD 2.552 billion in 2023[6] - Shareholders' attributable profit decreased by 23.6% to approximately HKD 746.6 million, down from HKD 977.1 million in 2023[6] - Basic attributable profit rose by 1.2% to HKD 830.5 million, compared to HKD 820.5 million in 2023[6] - The group's revenue for the year ended December 31, 2024, was HKD 2,858,424,000, representing an increase of 11.97% compared to HKD 2,552,594,000 in 2023[38] - Gross profit for the year was HKD 997,687,000, up from HKD 966,481,000 in the previous year, indicating a growth of 3.67%[38] - The net profit attributable to shareholders decreased to HKD 746,557,000 in 2024 from HKD 977,136,000 in 2023, reflecting a decline of 23.58%[40] - Basic and diluted earnings per share for the year were HKD 1.08, down from HKD 1.41 in 2023, a decrease of 23.4%[40] - Adjusted EBITDA for the group in 2024 was HKD 918,002,000, compared to HKD 899,757,000 in 2023, reflecting a slight increase of about 2.3%[54] - The group reported a pre-tax profit of HKD 922,522,000 in 2024, down from HKD 1,128,145,000 in 2023, indicating a decrease of about 18.2%[61] Revenue Segmentation - The travel segment's revenue surged by 31.6% year-on-year, reflecting strong performance[8] - Total revenue for the hotel and serviced apartment business was HKD 597.4 million, a 2.7% increase from HKD 581.9 million in the previous year[22] - The tourism business reported revenue of HKD 1,179,404,000 in 2024, significantly up from HKD 896,080,000 in 2023, which is an increase of approximately 31.6%[55] - Restaurant revenue for the year reached HKD 290.4 million, representing a 3.9% increase from HKD 279.4 million in the previous year, while EBITDA decreased by 62.4% to HKD 11.3 million[30] Occupancy and Room Rates - The average occupancy rates for The Mira Hong Kong and the Mira Moon Hotel exceeded 92% and 95%, respectively[11] - The occupancy rates for The Mira Hong Kong and Moonlight Hotel increased to 92.1% and 95.4% respectively in 2024, compared to 89.8% and 95.0% in 2023[23] - Average room rates reached HKD 1,416 for The Mira Hong Kong and HKD 1,636 for Moonlight Hotel[23] Investment and Development Plans - The group plans to develop a new hotel and retail complex, including a 23-story hotel with 99 guest rooms, enhancing its market presence[13] - The total retail area of the new hotel and retail complex is expected to increase by over 50%, enhancing the overall retail space to approximately 530,000 square feet[15] - The group aims to attract more high-end customers and enhance hotel average room rates through the new hotel and retail complex, pending shareholder approval[15] - The group is actively seeking investment opportunities to increase financial asset investments, focusing on long-term holdings[35] Financial Health and Policies - The group has a total cash balance of HKD 6 billion as of December 31, 2024, an increase from HKD 5.6 billion in the previous year, with no loans outstanding[35] - The group maintained a healthy financial policy with sufficient funds and credit lines to navigate uncertain economic conditions[36] - The group plans to seize investment opportunities in securities and bonds while pursuing business development plans that meet investment efficiency requirements[36] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the year ending December 31, 2024[93] - The audit committee reviewed the financial performance for the year ending December 31, 2024, discussing matters related to auditing, internal controls, and financial reporting[94] - All directors complied with the standards set forth in the "Standard Code for Securities Transactions by Directors of Listed Issuers" for the year ending December 31, 2024[98] Employee and Operational Efficiency - The company has a total of 1,342 full-time employees as of December 31, 2024, with 1,311 employed in Hong Kong, 18 in the People's Republic of China, and 13 overseas[90] - The group launched a new self-service ordering system in some restaurants to enhance operational efficiency and reduce reliance on human resources[31] - The group plans to implement cost control measures, including establishing an office in Shenzhen to reduce operational costs[16] Dividends and Shareholder Returns - The proposed final dividend is HKD 0.30 per share, maintaining the same level as in 2023, with a total annual dividend of HKD 0.53 per share[9] - The company declared an interim dividend of HKD 0.23 per share, maintaining the same level as in 2023, and proposed a final dividend of HKD 0.30 per share[64] - The proposed final dividend is expected to be distributed to shareholders on July 10, 2025, if approved at the Annual General Meeting[89]

Revenue Growth and Financial Performance - Group revenue increased by 22.7% to HKD 1.401 billion compared to HKD 1.142 billion in the same period last year[4] - Net profit for the period rose slightly by 1.8% to HKD 400 million, compared to HKD 393 million in 2023[4] - Basic profit attributable to shareholders decreased by 0.5% to HKD 398 million after deducting a fair value loss of HKD 17.8 million on investment properties[4] - Total revenue for H1 2024 was HKD 1.4 billion, a 22.7% increase from HKD 1.14 billion in H1 2023[18] - Gross profit for H1 2024 was HKD 490.1 million, up from HKD 461.0 million in H1 2023[18] - Profit before tax for H1 2024 was HKD 465.0 million, compared to HKD 453.7 million in H1 2023[18] - Net profit attributable to shareholders for H1 2024 was HKD 373.1 million, slightly down from HKD 380.1 million in H1 2023[18] - Basic and diluted earnings per share for H1 2024 were HKD 0.54, compared to HKD 0.55 in H1 2023[18] - Net profit for the six months ended June 30, 2024, was HK$400.48 million, compared to HK$393.22 million in the same period in 2023[20] - Total comprehensive income for the six months ended June 30, 2024, was HK$414.10 million, up from HK$291.99 million in the same period in 2023[20] - Net profit for the six months ended June 30, 2024, was HKD 373.11 million, compared to HKD 380.13 million in the same period in 2023[23] - Total comprehensive income for the six months ended June 30, 2024, was HKD 391.03 million, a decrease from HKD 287.06 million in the same period in 2023[23] - Total revenue for the six months ended June 30, 2024, was HKD 1,400,837,000, compared to HKD 1,142,095,000 for the same period in 2023, representing a 22.6% increase[31][32] - Adjusted EBITDA for the six months ended June 30, 2024, was HKD 455,891,000, compared to HKD 440,861,000 in 2023, a 3.4% increase[31][32] - Comprehensive profit before tax for the six months ended June 30, 2024, was HKD 465,023,000, compared to HKD 453,698,000 in 2023, a 2.5% increase[31][32] - Pre-tax profit for the six months ended June 30, 2024 was HKD 284,933 thousand, compared to HKD 245,947 thousand in the same period in 2023[35] Business Segment Performance - The Mira Hong Kong and Moon Hotel achieved occupancy rates exceeding 90% during the period[7] - Rental business revenue increased slightly to HKD 401.2 million despite a challenging business environment[7] - Catering business revenue increased by 34% year-on-year, with holiday food sales reaching a record high[8] - Tourism business revenue surged by 66% year-on-year, driven by diversified travel experiences and partnerships with major brands[8] - The Mira Hong Kong and Moonscape Hotel achieved occupancy rates of 91.6% and 94.6% respectively, with average room rates increasing by 8.3% and 2.8%[11] - Hotel and serviced apartment business revenue grew by 11.1% to HKD 296.9 million, with EBITDA increasing by 15.1% to HKD 75.4 million[11] - Rental business revenue remained stable at HKD 401.2 million, with EBITDA at HKD 340.4 million[12] - The company's catering business revenue increased by 3.0% YoY to HKD 142.8 million, with a strong 34% growth in festive food sales to HKD 16.6 million[14] - The travel business revenue surged by 66.0% YoY to HKD 560 million, with EBITDA increasing by 283.2% to HKD 40.1 million[15] - Revenue from the rental business increased to HKD 401,156,000 in 2024 from HKD 398,948,000 in 2023, a 0.6% increase[31][32] - Hotel and serviced apartment business revenue rose to HKD 296,913,000 in 2024 from HKD 267,162,000 in 2023, an 11.1% increase[31][32] - Revenue from the catering business increased to HKD 142,787,000 in 2024 from HKD 138,607,000 in 2023, a 3.0% increase[31][32] - Tourism business revenue surged to HKD 559,981,000 in 2024 from HKD 337,378,000 in 2023, a 66.0% increase[31][32] - Rental business adjusted EBITDA was HKD 340,418,000 in 2024, a slight decrease from HKD 348,979,000 in 2023[31][32] - Hotel and serviced apartment business adjusted EBITDA increased to HKD 75,392,000 in 2024 from HKD 65,510,000 in 2023, a 15.1% increase[31][32] - Tourism business adjusted EBITDA rose significantly to HKD 40,102,000 in 2024 from HKD 10,464,000 in 2023, a 283.3% increase[31][32] Strategic Initiatives and Market Expansion - The company focused on expanding its market share among mainland tourists, particularly along high-speed rail routes[7] - The rental business adjusted its office leasing portfolio to mitigate operational risks and increased the proportion of semi-retail tenants[7] - The company actively organized themed cultural markets and introduced unique brands to attract foot traffic to its malls[7] - The company collaborated with local government and organizations to host large-scale regional events, boosting foot traffic and consumption in the Tsim Sha Tsui area[7] - The company plans to enhance hotel facilities and improve transportation connectivity in the Tsim Sha Tsui area to boost occupancy rates and room prices[9] - The company expects the Hong Kong economy to benefit from potential US interest rate cuts and new measures to attract mainland tourists, including the "Individual Visit Scheme" expansion and the Shenzhen-Zhongshan Bridge[9] - The company will continue to strengthen e-commerce development and diversify its catering and tenant mix to enhance market share and customer experience[9] - The company has adjusted its leasing strategy to reduce operational risks, including diversifying tenant industries and splitting large office spaces into smaller units[12] - The company organized various promotional activities, such as the "Tsim Sha Tsui Night Vibrancy" event, to stimulate regional economy and increase foot traffic at Mira Mall[12] Financial Position and Cash Flow - The fair value of the company's investment properties decreased by HKD 17.8 million, with the total fair value standing at HKD 15.1 billion as of June 30, 2024[13] - The company's overall effective annual interest rate for fixed deposits reached 4.9% in H1 2024, with total cash of HKD 5.8 billion and no loans[17] - Investment properties decreased to HK$15.09 billion as of June 30, 2024, from HK$15.31 billion as of December 31, 2023[21] - Cash and bank balances increased to HK$5.79 billion as of June 30, 2024, from HK$5.57 billion as of December 31, 2023[21] - Total assets minus current liabilities stood at HK$21.44 billion as of June 30, 2024, compared to HK$21.23 billion as of December 31, 2023[21] - Non-current liabilities decreased to HK$577.70 million as of June 30, 2024, from HK$557.33 million as of December 31, 2023[22] - Equity attributable to the company's shareholders increased to HK$20.67 billion as of June 30, 2024, from HK$20.49 billion as of December 31, 2023[22] - Non-controlling interests increased to HK$189.80 million as of June 30, 2024, from HK$186.53 million as of December 31, 2023[22] - Cash generated from operating activities for the six months ended June 30, 2024, was HKD 465.48 million, down from HKD 532.77 million in the same period in 2023[25] - Cash used in investing activities for the six months ended June 30, 2024, was HKD 2.90 billion, a decrease from HKD 3.67 billion in the same period in 2023[25] - Cash and cash equivalents as of June 30, 2024, were HKD 510.04 million, compared to HKD 865.43 million as of June 30, 2023[25] - Total equity as of June 30, 2024, was HKD 20.86 billion, up from HKD 20.21 billion as of June 30, 2023[23] - Retained earnings as of June 30, 2024, were HKD 18.24 billion, compared to HKD 17.63 billion as of June 30, 2023[23] - Dividends paid to non-controlling interests for the six months ended June 30, 2024, were HKD 19.80 million, up from HKD 2.58 million in the same period in 2023[23] - Proceeds from the sale of investment properties for the six months ended June 30, 2024, were HKD 190.05 million, compared to none in the same period in 2023[25] - Interest received for the six months ended June 30, 2024, was HKD 146.38 million, up from HKD 127.49 million in the same period in 2023[25] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.23 per share, payable on October 14, 2024[5] - The company declared an interim dividend of HKD 0.23 per share for the six months ended June 30, 2024, totaling HKD 158,921 thousand[40] - Basic and diluted earnings per share for the six months ended June 30, 2024 were HKD 0.6, based on a profit attributable to shareholders of HKD 373,111 thousand and 690,959,695 shares issued[42][44] Operational Expenses and Costs - Operating and other expenses rose by HKD 31.3 million (32.8%) YoY, but the increase was lower than the revenue growth rate[16] - Employee compensation and benefits for the six months ended June 30, 2024 totaled HKD 284,933 thousand, including HKD 273,398 thousand in salaries, wages, and other benefits, and HKD 11,535 thousand in defined contribution retirement plan contributions[35] - Tax expense for the six months ended June 30, 2024 was HKD 64,545 thousand, including HKD 55,320 thousand in current tax and HKD 9,225 thousand in deferred tax[38] Investment Properties and Fair Value Adjustments - The fair value of investment properties decreased by HKD 17,843 thousand in the six months ended June 30, 2024, compared to a decrease of HKD 17,100 thousand in the same period in 2023[45] - The company added HKD 61,067 thousand in right-of-use assets in the six months ended June 30, 2024, compared to HKD 9,179 thousand in the same period in 2023[46] - Total lease payments for operating stores in the six months ended June 30, 2024 were HKD 773 thousand, including HKD 21 thousand in fixed payments and HKD 752 thousand in variable payments[48] Accounts Receivable and Payable - Accounts receivable (net of impairment) as of June 30, 2024 were HKD 97,591 thousand, with HKD 47,407 thousand due within one month, HKD 10,058 thousand due within one to two months, and HKD 40,126 thousand due over two months[49] - Accounts receivable and other receivables expected to be collected within one year, except for HKD 12,988,000 (as of December 31, 2023: HKD 9,527,000) expected to be collected after more than one year[50] - Accounts payable and other payables as of June 30, 2024, include HKD 95,568,000 in accounts payable and HKD 254,767,000 in other payables and accrued expenses[51] - Total accounts payable and other payables as of June 30, 2024, amounted to HKD 632,421,000, compared to HKD 469,564,000 as of December 31, 2023[51] Share Capital and Ownership - Issued and fully paid share capital remained unchanged at HKD 2,227,024,000 as of June 30, 2024, and December 31, 2023[53] - Li Ka-shing holds 345,999,980 shares, representing 50.08% of the total issued shares of Miramar Hotel and Investment Company[70] - Li Ka-shing holds 100% of the ordinary A shares and non-voting B shares of Henderson Land Development Company[71] - Henderson Land Development Company holds 72.50% of the shares of Henderson Land Property Company[71] - Henderson Land Development Company holds 69.27% of the shares of Henderson Land Development Company[71] - Li Ka-shing is deemed to hold 345,999,980 shares of Miramar Hotel and Investment Company through various trusts and subsidiaries[74] - The group has no share option schemes or arrangements for directors to acquire shares or debentures[76] Employee Compensation and Development - The total number of full-time employees in the group is 1,336, with 1,303 in Hong Kong, 19 in Mainland China, and 14 overseas[77] - The group employs an equal pay policy and regularly reviews its compensation and benefits plans to ensure compliance with market practices[77] - The group values teamwork and encourages employees to take responsibility and work professionally to achieve the group's mission and vision[77] - The company has consistently invested in employee training and development since 2011, earning recognition from the Employees Retraining Board for its efforts in promoting lifelong learning and human resource development[78] Corporate Governance and Leadership - The company's Chairman and CEO, Dr. Li Ka-shing, has held the dual role since 2014, with the Board believing this structure ensures consistent leadership and efficient strategy execution[79] - The unaudited interim financial results for the six months ended June 30, 2024, were reviewed by KPMG in accordance with Hong Kong Standard on Review Engagements 2410[80] - The Audit Committee reviewed the financial performance for the six months ended June 30, 2024, and discussed internal controls, risk management, and financial reporting with the Group's audit, risk management, and corporate services director, as well as the independent auditor[81] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[82] - The interim financial report for the six months ended June 30, 2024, was prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting"[84] - KPMG's review of the interim financial report did not identify any material misstatements, confirming compliance with Hong Kong Accounting Standard 34[86] Related Party Transactions - The total amount of forfeited contributions used to offset employer contributions for the six months ended June 30, 2024, was HKD 138,000 (HKD 177,000 for the same period in 2023)[54] - Fair value of Hong Kong-listed equity securities classified as Level 1 was HKD 302,228,000 as of June 30, 2024, compared to HKD 221,059,000 as of December 31, 2023[57] - Fair value of non-listed investment funds classified as Level 2 was HKD 162,341,000 as of June 30, 2024, compared to HKD 13,340,000 as of December 31, 2023[57] - No transfers between Level 1 and Level 2 instruments, and no transfers into or out of Level 3 were recorded during the six months ended June 30, 2024[58] - The fair value of non-listed investment funds classified as Level 3 was HKD 51,885,000 as of June 30, 2024[57] - The fair value of financial assets and liabilities not measured at fair value is assumed to be similar to their carrying amounts due to their short-term maturity[59] - Capital commitments for property-related future expenses as of June 30, 2024, amounted to HKD 18,963 thousand, compared to HKD 6,078 thousand as of December 31, 2023[60] - Property agency service fees payable to a subsidiary of the ultimate holding company amounted to HKD 1,500 thousand for both 2024 and 2023[62] - Management fee income from a subsidiary of the ultimate holding company increased to HKD 458 thousand in 2024 from HKD 400 thousand in 2023[62] - Hotel and catering service income from subsidiaries and associates of the ultimate holding company increased to HKD 709 thousand in 2024 from HKD 443 thousand in 2023[62] - Rental income from a company controlled by a director for office units in Miramar Plaza Tower A amounted to HKD 10,416 thousand in 2024, slightly up from HKD 10,381 thousand in 2023[62] - Rental income from a subsidiary of the ultimate holding company for shops in Miramar Plaza Phase 1 increased to HKD 18,017 thousand in