CENTURY LEGEND(00079)

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世纪建业(00079) - 董事会会议通告
2025-08-14 10:10
於本公佈刊發日期,董事會包括七名董事,其中三名爲執行董事,即 曾昭武先生(行政主席)、曾昭婉女士及朱明德女士;以及四名獨立非 執行董事,即許人傑先生、劉沛榮先生、何婷媚女士及吳斌全先生。 董事會會議通告 世紀建業(集團)有限公司(「本公司」)董事會(「董事會」)宣佈, 董事會會議將於二零二五年八月二十七日(星期三)假香港灣仔告士 打道 151 號資本中心 9 樓 903 室舉行,旨在(其中包括)批准本公司 及其附屬公司截止二零二五年六月三十日止中期業績公佈及考慮建 議派發中期股息(如有)。 承董事會命 世紀建業(集團)有限公司 公司秘書 施得安 香港,二零二五年八月十四日 CENTURY LEGEND (HOLDINGS) LIMITED 世紀建業(集團)有限公司* (於百慕達註冊成立的有限公司) (股份代號: 00079) * 僅供識別 ...
世纪建业(00079.HK)购入共800股PLTR股份
Ge Long Hui· 2025-08-13 10:37
格隆汇8月13日丨世纪建业(00079.HK)公布,公司透过CLSIL(公司全资附属公司)于2025年8月1日及11日 在公开市场购入共800股PLTR股份,买入平均价约为每股177.51美元,总购入价为142,008美元,等值约 港币1,107,660元(不包括交易成本)。 ...
世纪建业(00079) - 须予披露交易 - 购入上市证券
2025-08-13 10:26
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示概不就因本公佈全部或任 何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CENTURY LEGEND (HOLDINGS) LIMITED 世紀建業(集團)有限公司* (於百慕達註冊成立的有限公司) (股份代號: 00079) 須予披露交易 購入上市證券 * 僅供識別 - 1 - 該等購入事項 本公司於二零二五年八月一日及十一日,透過其全資附屬公司 CLSIL 於市場上購入 共 800 股 PLTR 股份,買入平均價約為每股 177.51 美元,購入總額 142,008 美元, 等值約港幣 1,107,660 元(不包括交易成本),乃 PLTR 股份之市場價值。購入總價 由本公司內部資源以現金支付。 購 入 每 股 為 177.51 美 元較 : (i) 根 據 紐 約 交 易 所 於 二 零 二 五 年 八 月 十 一 日 所 報 的 收 市 價 每 股 182.68美 元 計算 折 讓 約2.8%; 早前購入事項 茲提述本公司日期為二零二四年八月二十二日,九月十九日及二零 ...
世纪建业(00079) - 截至2025年7月31日股份发行人的证券变动月报表
2025-08-06 04:04
呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00079 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.2 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.2 | HKD | | 400,000,000 | 本月底法定/註冊股本總額: HKD 400,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 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 ...
世纪建业(00079) - 2025 - 年度业绩
2025-07-30 09:31
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示概不就因本公佈全部或任 何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CENTURY LEGEND (HOLDINGS) LIMITED 世紀建業(集團)有限公司* (於百慕達註冊成立的有限公司) (股份代號: 00079) 有關截至二零二四年十二月三十一日止之年報 之補充公佈 茲提述世紀建業(集團)有限公司(本公司)於二零二五年四月二十四日刊發之 截至二零二四年十二月三十一日止年度之年報(2024 年報)。除文義另有指明外, 本公佈所用詞彙與 2024 年報所界定及使用者具有相同涵義。 除載於 2024 年報董事會報告內標題為「股本及購股權」一節(第 22 至 24 頁)的披 露資料外,本公司擬提供額外資料,於二零二四年一月一日及二零二四年十二月三 十一日,該計劃授權項下可供發行的購股權數目為 29,347,742 股。 除本公佈所披露者外,2024 年報餘下內容維持不變。 承董事會命 世紀建業(集團)有限公司 執行董事 朱明德 香港,二零二五年七月三十日 於本公佈刊發日 ...
600079,实控人将变更!周线罕见三连阴,7只核心资产在列,谁将是潜力股
Zheng Quan Shi Bao· 2025-06-28 04:21
Core Viewpoint - The A-share market has shown strong performance with significant increases in major indices, yet some individual stocks have experienced a three-week decline, indicating potential buying opportunities due to short-term overselling [1][2]. Group 1: Market Performance - The Shanghai Composite Index rose by 1.91%, the Shenzhen Component surged by 3.73%, and the ChiNext Index increased by 5.69% [1]. - Despite the overall market uptrend, certain stocks have shown a three-week consecutive decline, including those with positive earnings expectations [1]. Group 2: Potential Stocks - A total of 16 stocks have been identified that have experienced a three-week decline and have positive earnings forecasts, including a projected net profit exceeding 500 million yuan for 2024 and over 50 million yuan for Q1 2025 [3]. - New Industry has the largest decline at 19.17% year-to-date, with 23 positive ratings from institutions and a projected net profit growth of 11.91% for the year [3]. Group 3: Industry Distribution - The pharmaceutical and biotechnology sector has the highest representation among the identified stocks, with four companies included [4]. - Renfu Pharmaceutical is highlighted for its strong pipeline of over 500 projects and a projected net profit growth rate of 73.74% for 2025 [4]. Group 4: Core Assets - Among the 16 identified stocks, seven are categorized as core assets, including Hisense Home Appliances, China Nuclear Power, and others [6]. - Hisense Home Appliances received 30 positive ratings from institutions, and its major shareholder has increased its stake significantly [6]. Group 5: Institutional Buying - Six stocks have seen significant institutional buying since June, with Baichu Electronics leading with a net purchase of approximately 58.45 million yuan [8]. - Baichu Electronics is recognized for its leadership in industrial automation systems and has a projected net profit growth rate of 26.3% for 2025 [8].
世纪建业(00079) - 2024 - 年度财报
2025-04-24 11:42
Financial Performance - Revenue for 2024 decreased by 9% to HK$48,042,000 compared to HK$53,037,000 in 2023[10] - Loss attributable to owners increased by 8% to HK$31,086,000 in 2024 from HK$28,736,000 in 2023[10] - Basic and diluted loss per share for 2024 was HK(9.53) cents, an increase of 8% from HK(8.81) cents in 2023[10] - Total equity decreased by 13% to HK$220,653,000 in 2024 from HK$252,474,000 in 2023[10] - Total assets as of December 31, 2024, were HK$379,831,000, down from HK$417,747,000 in 2023[20] - The Group's net loss increased by 10% to approximately HK$31,846,000, impacted by a decrease in gross profit of approximately HK$6,647,000 and a decrease in other income of HK$3,413,000 compared to the previous year[27][31] - Revenue for the year decreased approximately 9% to HK$48,042,000, primarily due to a 19% decrease in hair styling revenue and a 7% decrease in hospitality services income[28][31] - Gross profit decreased approximately 31% to HK$15,064,000, mainly due to declines in the aforementioned business segments[28][31] - Other income decreased by 76% to HK$1,078,000, attributed to reduced bank interest income and an exchange loss of HK$13,000 compared to a gain of HK$992,000 in the previous year[29][32] - Finance costs decreased by HK$3,432,000 due to partial repayment of bank loans and lower interest rates initiated by the US Federal Reserve[30][32] Business Segments - The Group's core businesses in Hong Kong and Macau experienced GDP growth rates of 2.5% and 8.8% respectively in 2024[22] - The tourism sector recovery was supported by the Central Government's Individual Visit Scheme, although local retail markets remained weak[22] - The hair styling business turnover dropped by approximately 19% to HK$12,864,000, with service income decreasing by 19% due to the resignation of a high-earning stylist[44] - Despite the revenue decline, the hair styling segment reported a profit of HK$12,000, a significant improvement from a loss of HK$1,275,000 the previous year[44] - Turnover for the hospitality segment decreased by 7% to HK$29,246,000, resulting in a segment loss of HK$3,276,000 compared to a profit of HK$3,540,000 last year[56] Market Conditions - Interest rates remained high throughout 2024, with the US Federal Reserve pausing its rate cutting cycle at 4.25%-4.5%[23] - China's GDP grew by 5% year-on-year in 2024, supported by stimulus policies despite external demand challenges[21] - The retail sector showed signs of recovery in early 2024, but faced a downturn due to decreased domestic spending and changing consumption patterns among tourists[37] - The residential property prices in Macau are expected to decline further this year due to abundant supply and subdued demand, while the rental market is anticipated to maintain an upward momentum[43] - The Group anticipates inbound tourism and overnight visitors to increase due to the opening of the city's third runway and strong growth from emerging markets[59] Investment and Assets - As of December 31, 2024, the Group's net asset value was approximately HK$220,653,000, with total assets of approximately HK$379,831,000 and total liabilities of approximately HK$159,178,000[33][38] - The fair value loss on investment properties amounted to HK$5,000,000, contributing to a segment loss of HK$14,779,000 for the year[35][39] - Total rental income from investment properties in Hong Kong and Macau increased by approximately 14% to HK$3,174,000, mainly due to the leasing of a previously vacant retail shop in Macau[34][39] - Rental income from Macau properties increased by approximately 39% to HK$2,217,000, primarily due to contributions from a retail shop that had been vacant for almost a year, despite a 49% drop in rental rates compared to pre-pandemic levels[42] Corporate Governance and Compliance - The Company is committed to compliance with listing regulations and maintaining transparency in financial reporting[199] - The Group has complied with all relevant laws and regulations impacting its operations during the year[112][117] - All independent non-executive directors confirmed their independence in accordance with the Listing Rules[171] - The Company emphasizes the importance of corporate governance and adherence to regulatory requirements in its operations[199] Future Outlook and Strategy - The Group plans to explore new business opportunities to widen revenue streams from both existing and potential customers in the hair styling segment[48] - The Group plans to adjust marketing strategies to target fast-growing emerging source markets and maintain stringent cost control[60] - The Group anticipates that global economic conditions observed in 2024 will continue into 2025, influenced by inflation, interest rate policies, and geopolitical tensions[96] - The Group will adopt a cautious operational approach to navigate prevailing headwinds and monitor market trends closely[100] Social Responsibility - The Group is committed to corporate social responsibility, engaging in community care and environmental protection initiatives[101] - The Group has received multiple awards for social responsibility, including "Caring Company" for 17 consecutive years and "Good MPF Employer" for 10 consecutive years[104][106]
世纪建业(00079) - 2024 - 年度业绩
2025-03-28 14:59
Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 48,042,000, a decrease of 9.4% from HKD 53,037,000 in 2023[2] - Gross profit for 2024 was HKD 15,064,000, down 30.2% from HKD 21,711,000 in 2023[2] - The company reported a loss before tax of HKD 32,392,000, slightly improved from a loss of HKD 33,129,000 in 2023[2] - The total comprehensive loss for the year was HKD 31,821,000, compared to a loss of HKD 28,454,000 in 2023[4] - Basic and diluted loss per share for 2024 was HKD 9.53, compared to HKD 8.81 in 2023[4] - The total loss attributable to the owners of the company for 2024 was HKD 31,086,000, compared to HKD 28,736,000 in 2023, reflecting an increase in losses[33] - The company's net loss increased by 10% to approximately HKD 31,846,000, primarily due to a decrease in gross profit of about HKD 6,647,000 and a reduction in other income by HKD 3,413,000[38] Assets and Liabilities - Non-current assets decreased to HKD 315,685,000 in 2024 from HKD 345,138,000 in 2023[5] - Current assets decreased to HKD 64,146,000 in 2024 from HKD 72,609,000 in 2023[5] - Total liabilities decreased to HKD 146,103,000 in 2024 from HKD 153,451,000 in 2023[5] - The company's net assets decreased to HKD 220,653,000 in 2024 from HKD 252,474,000 in 2023[6] - The group's total assets decreased to HKD 379,831,000 in 2024 from HKD 417,747,000 in 2023, reflecting a reduction of 9.1%[19] - The group's total liabilities decreased to HKD 159,178,000 in 2024 from HKD 165,273,000 in 2023, a decline of 3.3%[19] - The company's total assets and total liabilities as of December 31, 2024, were approximately HKD 379,831,000 and HKD 159,178,000 respectively, with a net asset value of about HKD 220,653,000[38] Revenue Breakdown - Hair design service revenue decreased to HKD 12,397,000 in 2024 from HKD 15,277,000 in 2023, representing a decline of 18.7%[13] - Hotel and hospitality service revenue also decreased to HKD 29,246,000 in 2024 from HKD 31,393,000 in 2023, a drop of 6.8%[13] - Revenue from external customers in Hong Kong decreased from HKD 51,441,000 in 2023 to HKD 45,825,000 in 2024, a decline of approximately 10.1%[24] - Total revenue for the year decreased by approximately 9% to HKD 48,042,000, with hair design and hospitality service revenues declining by about 19% and 7% respectively[38] Income and Expenses - Total interest income for the year 2024 was HKD 127,000, while in 2023 it was HKD 2,512,000, indicating a significant decrease[20] - The financing costs decreased from HKD 10,814,000 in 2023 to HKD 7,382,000 in 2024, representing a reduction of approximately 31.5%[26] - The total depreciation expense increased from HKD 2,433,000 in 2023 to HKD 3,702,000 in 2024, indicating a rise of approximately 52.2%[28] - The company incurred a net foreign exchange loss of HKD 13,000 in 2024, compared to a gain of HKD 992,000 in 2023[28] - Other income decreased by 76% to HKD 1,078,000, mainly due to reduced bank interest income and a foreign exchange loss of HKD 13,000[39] - The company reported a total impairment loss of HKD 1,378,000 for the year, with specific losses attributed to the hair design and hotel services segments being zero[20] Operational Segments - The group identified six operating segments, including hair design, lending, property investment, securities investment, hotel and hospitality services, and property project management[14] - The group's hair design business revenue decreased by about 19% to HKD 12,864,000, attributed to the departure of a high-salary stylist and a 16% drop in product sales[45] - Despite the revenue decline, the hair design segment recorded a profit of HKD 12,000, compared to a loss of HKD 1,275,000 in the previous year[45] - The hotel segment's revenue decreased by 7% to HKD 29,246,000, resulting in a loss of HKD 3,276,000, primarily due to reduced income from two existing hotels[49] Market Conditions and Future Outlook - The group anticipates that various macroeconomic factors, including inflation and geopolitical tensions, will continue to impact global economic conditions through 2025[64] - The Chinese government has set a growth target of approximately 5% for the year, implementing policies such as fiscal stimulus and monetary easing to boost domestic demand[65] - The hotel industry faces challenges due to rising costs and high-interest rates, which will continue to pressure the group's overall performance[66] - The group plans to adopt a cautious operational strategy to navigate potential risks and closely monitor market trends to improve performance across its divisions[66] Corporate Governance and Compliance - The board of directors does not recommend the distribution of a final dividend for the year ending December 31, 2024, consistent with the previous year[31] - The company has adopted the standard code of conduct as per Appendix C3 of the listing rules, with all directors confirming compliance during the review year[76] - The board of directors consists of seven members, including three executive directors and four independent non-executive directors[78] - The audit committee has discussed the accounting principles adopted by the group and reviewed the financial results for the year ending December 31, 2024[72] - The group's financial statements for the year ending December 31, 2024, have been verified by Hong Kong Lixin Dehao Certified Public Accountants, confirming consistency with the audited financial reports[73]
世纪建业(00079) - 2024 - 中期财报
2024-09-24 10:03
Financial Performance - Revenue for the six months ended June 30, 2024, was HK$23,767,000, a decrease of 6.5% compared to HK$25,425,000 in the same period of 2023[7]. - Gross profit for the period was HK$8,211,000, down 24.3% from HK$10,846,000 in the previous year[7]. - Loss before income tax was HK$24,965,000, compared to a loss of HK$22,240,000 in the same period last year[7]. - Loss for the period attributable to owners of the Company was HK$24,079,000, an increase from HK$22,324,000 in 2023[8]. - Basic and diluted loss per share attributable to owners of the Company was HK(7.38) cents, compared to HK(6.85) cents in the previous year[8]. - Total comprehensive income for the period was HK$(24,553,000), compared to HK$(21,629,000) in 2023[8]. - The company reported a loss for the period of HK$24,079,000, compared to a loss of HK$502,000 from non-controlling interests, indicating a significant increase in losses[13]. - The total comprehensive income for the period was reported as a loss of HK$24,051,000, compared to a loss of HK$24,079,000 for the previous period[13]. - The Group recorded a net loss of HK$24,581,000, an increase of 10.5% from a loss of HK$22,240,000 in 1H2023[59]. Assets and Liabilities - As of June 30, 2024, total assets less current liabilities amounted to HK$237,731,000, a decrease from HK$264,296,000 as of December 31, 2023, representing a decline of approximately 10%[11]. - Net current liabilities increased to HK$96,813,000 from HK$80,842,000, indicating a rise of about 20%[11]. - The company's net assets decreased to HK$227,921,000 from HK$252,474,000, reflecting a reduction of approximately 10%[11]. - Total equity attributable to the owners of the company was HK$228,307,000, down from HK$252,358,000, a decline of around 9.5%[11]. - Cash and bank balances decreased to HK$4,216,000 from HK$11,690,000, a drop of approximately 64%[11]. - Financial assets at fair value through other comprehensive income decreased to HK$354,000 from HK$807,000, a decline of about 56%[11]. - The Group's total liabilities decreased to HK$155,870,000 as of June 30, 2024, from HK$165,273,000 at the end of 2023, a decline of approximately 5.5%[34]. - The Group's total equity was HK$227,921,000, with fixed rate liabilities of HK$5,186,000 and floating rate liabilities of HK$127,186,000, representing 2% and 56% of total equity respectively, leading to a gearing ratio of approximately 3%[71]. Segment Performance - The Hair Styling segment generated revenue of HK$6,520,000, down from HK$8,849,000 in 2023, reflecting a decrease of about 26.2%[31]. - The Hospitality Services segment reported revenue of HK$14,200,000, slightly increasing from HK$13,505,000, marking an increase of approximately 5.1%[31]. - The Property Investments segment generated revenue of HK$1,578,000, slightly increasing from HK$1,516,000 in 2023, representing an increase of approximately 4.1%[31]. - The Money Lending segment reported revenue of HK$41,000, consistent with HK$37,000 in 2023, showing no significant change[31]. - The hair styling business reported a turnover of HK$6,520,000, a decrease of 26% compared to the same period last year, with service income down 27% due to the resignation of a high-earning stylist[63]. - The hospitality service business segment achieved a turnover of HK$14,200,000, reflecting a 5% increase year-on-year, but recorded a net loss of HK$547,000 compared to a profit of HK$1,532,000 in the prior year[64]. Cash Flow and Operating Activities - Net cash generated from operating activities for the six months ended June 30, 2024, was HK$3,832,000, compared to a cash outflow of HK$7,019,000 in the same period of 2023[17]. - The company reported a net decrease in cash and cash equivalents of HK$7,474,000 for the six months ended June 30, 2024[17]. - Cash and cash equivalents at June 30, 2024, were HK$4,216,000, down from HK$9,304,000 at the same date in 2023[17]. Corporate Governance - The Audit Committee has reviewed the unaudited consolidated results for the six months ended June 30, 2024[4]. - The financial statements are prepared in accordance with Hong Kong Accounting Standards, ensuring compliance with local regulations[21]. - The company has complied with the Code on Corporate Governance Practices during the review period, with noted deviations regarding the roles of chairman and chief executive[97][98]. - The roles of the Chairman and CEO are not separated, with Mr. Zeng serving as both, which the board believes ensures effective decision-making[101]. - All directors have confirmed compliance with the Model Code for securities transactions during the six-month period ending June 30, 2024[103]. Market and Economic Conditions - The company expects inbound tourism to increase in 2024, supported by planned infrastructure and new tourist attractions, which will benefit the hotel sector[84]. - The Greater Bay Area opportunity is anticipated to significantly enhance business events and general tourism in the region[84]. - The company’s business growth is heavily reliant on the revival of inbound tourism post-pandemic[84]. - Challenges are anticipated for Hong Kong's tourism due to economic and geopolitical headwinds, including the proposed Hotel Accommodation Tax starting January 1, 2025, which may burden hotel operators[86]. - The current Federal interest rate is between 5.25% and 5.5%, unchanged since July 2023, impacting consumer spending and business growth negatively[83]. Future Plans and Strategies - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[4]. - The hair styling business aims to attract new talents to compensate for the loss of service income and will focus on sustainability and personalized experiences through technology[64]. - The Group plans to diversify the hair styling segment's income stream by expanding hair extension and hair piece services, addressing hair loss issues[64]. - The company plans to explore value-enhancing opportunities, including relocating operations to newer buildings in favorable locations and expanding hospitality services to Mainland China[86].
世纪建业(00079) - 2024 - 中期业绩
2024-08-29 14:55
Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 23,767,000, a decrease of 6.5% compared to HKD 25,425,000 for the same period in 2023[1] - Gross profit for the same period was HKD 8,211,000, down 24.3% from HKD 10,846,000 in 2023[1] - Loss before tax increased to HKD 24,965,000, compared to a loss of HKD 22,240,000 in the previous year, representing an increase of 12.2%[1] - Total comprehensive loss for the period was HKD 24,553,000, compared to HKD 21,629,000 in 2023, reflecting a 13.4% increase in losses[2] - Basic and diluted loss per share for the period was HKD 7.38, compared to HKD 6.85 in the previous year, an increase of 7.7%[2] - The net loss attributable to shareholders was HKD 24,581,000, an increase of 10.5% from HKD 22,240,000 in the same period last year[26] Assets and Liabilities - The company's cash and bank balances decreased to HKD 4,216,000 from HKD 11,690,000, a decline of 64.0%[3] - Non-current assets totaled HKD 334,544,000, down from HKD 345,138,000 at the end of 2023, a decrease of 3.1%[3] - Current liabilities amounted to HKD 146,060,000, a decrease from HKD 153,451,000, indicating a reduction of 4.8%[4] - The net asset value decreased to HKD 227,921,000 from HKD 252,474,000, a decline of 9.7%[4] - Total assets for the group decreased to HKD 383,791,000 as of June 30, 2024, down from HKD 417,747,000 as of December 31, 2023[14] - Total liabilities for the group decreased to HKD 155,870,000 as of June 30, 2024, down from HKD 165,273,000 as of December 31, 2023[14] Segment Performance - Hair design segment revenue decreased to HKD 6,520,000 in 2024 from HKD 8,849,000 in 2023, with a segment profit of HKD 8,000 compared to HKD 434,000 in the previous year[13] - Hotel and hospitality services revenue increased to HKD 14,200,000 in 2024 from HKD 13,505,000 in 2023, but incurred a segment loss of HKD 547,000 compared to a profit of HKD 1,532,000 in 2023[13] - Property investment segment reported revenue of HKD 1,578,000 in 2024, slightly up from HKD 1,516,000 in 2023, with a segment loss of HKD 6,609,000 compared to a loss of HKD 7,478,000 in the previous year[13] - Securities investment segment revenue decreased to HKD 1,428,000 in 2024 from HKD 1,518,000 in 2023, with a segment loss of HKD 10,544,000 compared to a loss of HKD 9,252,000 in 2023[13] Market Conditions and Economic Outlook - The geopolitical risks and high financing costs continue to pressure the company's financial performance despite some economic recovery in Hong Kong and Macau[27] - The group anticipates significant challenges for the Hong Kong and Macau economies in 2024 due to a slow global economic recovery and high federal interest rates, currently at 5.25-5.5%[45] - The Federal Reserve's potential interest rate cuts could alleviate high capital costs for the group and boost consumer and investor confidence[46] Strategic Initiatives - The group aims to enhance customer loyalty and service quality in the hair design business while seeking to recruit new talent to offset revenue losses from the departure of key staff[30] - The group is strategically reviewing its property investment portfolio to maximize returns for shareholders amid challenges in the Hong Kong real estate market, including high interest rates and economic pressures[29] - The group plans to explore value-added opportunities, including relocating to more favorable locations and expanding hotel services beyond Hong Kong to mainland China[46] - The group plans to collaborate with local architects and interior designers to explore new projects as the economy recovers[37] - The group aims to enhance its performance by expanding the schedule of large events in Hong Kong to attract more international and mainland tourists[33] Other Financial Information - Financing costs totaled HKD 3,757,000, down from HKD 5,232,000 in the previous year[20] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, compared to no dividend for the same period in 2023[22] - The group recorded a fair value loss of HKD 11,980,000 on financial assets, an increase of 11% compared to the same period last year[34] - Employee costs, excluding director remuneration, amounted to HKD 6,453,000, slightly up from HKD 6,366,000 as of June 30, 2023[44] - The group has bank borrowings of approximately HKD 127,186,000 secured against certain investment properties[41] - The group generated interest income of HKD 41,000 from its lending business, compared to HKD 37,000 in the previous year[38] Visitor Statistics - Hong Kong welcomed 21 million visitors in the first half of 2024, a 64% increase year-on-year, with overnight visitors accounting for 50% of total arrivals[32] - The hotel occupancy rate in Hong Kong has increased, reaching 88% for mid-range hotels, although it remains below pre-pandemic levels[33] - The average daily room rates for the Sheung Wan and Yau Ma Tei hotels increased by 15% and 28% respectively, while maintaining an occupancy rate of approximately 89%[32]