Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended December 31, 2024, was HKD 12.41 billion, a decrease of 58.3% from HKD 29.45 billion in 2023[4] - Basic earnings per share for the period were HKD 0.26, down from HKD 0.35 in 2023[4] - The group's revenue for the six months ended December 31, 2024, was HKD 3,854 million, a decrease of 21.7% compared to HKD 4,923 million in the same period of 2023[42] - Gross profit for the same period was HKD 1,653 million, down 13.9% from HKD 1,921 million year-on-year[42] - The net profit for the period was HKD 1,817 million, representing a decline of 30.8% from HKD 2,629 million in the previous year[44] - Basic earnings per share decreased to HKD 0.21 from HKD 0.31, reflecting a drop of 32.3%[42] - The total comprehensive income for the period was HKD 1,656 million, down 41.3% from HKD 2,831 million in the prior year[44] - The group's total assets less current liabilities stood at HKD 171,944 million, slightly down from HKD 172,526 million[47] - Non-current assets decreased marginally to HKD 109,812 million from HKD 109,909 million[46] - The company declared an interim dividend of HKD 0.15 per share, unchanged from the previous year[42] - The group's financial income remained stable at HKD 1,179 million compared to HKD 1,173 million in the previous period[42] - The group's investment properties showed a fair value change of HKD (260) million, a significant decline from HKD 18 million in the previous year[42] - For the six months ending December 31, 2024, the total revenue was HKD 5,932 million, a decrease from HKD 10,524 million for the same period in 2023, representing a decline of approximately 43.5%[54] - The property sales segment generated revenue of HKD 2,544 million, down from HKD 7,193 million in the previous year, indicating a decrease of about 64.7%[54] - The pre-tax profit for the six months ending December 31, 2024, was HKD 2,032 million, compared to HKD 2,959 million for the same period in 2023, reflecting a decline of approximately 31.3%[56] - The total tax expense for the six months ending December 31, 2024, was HKD 215 million, down from HKD 330 million in the same period of 2023, representing a decrease of about 34.8%[61] - The segment profit from property leasing was HKD 1,385 million for the six months ending December 31, 2024, compared to HKD 1,479 million in the previous year, showing a decline of approximately 6.4%[54] - The group’s financial income remained stable at HKD 57 million for both periods under review[54] - The group reported a significant reduction in the cost of property sales, which was HKD 936 million for the six months ending December 31, 2024, compared to HKD 1,840 million in the previous year, indicating a decrease of approximately 49.1%[60] - The estimated annual effective tax rate for the group remains at 16.5% for both periods under review[61] - Basic earnings per share for the six months ended December 31, 2024, were HKD 1,820 million, compared to HKD 2,616 million for the same period in 2023, representing a decrease of approximately 30.4%[64] - The group's basic profit attributable to shareholders for the six months ended December 31, 2024, was HKD 2,241 million, down from HKD 2,945 million in the same period of 2023, reflecting a decline of about 23.8%[66] - The fair value changes of investment properties for the six months ended December 31, 2024, resulted in a gain of HKD 260 million, compared to a loss of HKD 18 million in the same period of 2023[66] Property Sales and Leasing - Total property sales revenue attributable to the group was HKD 24.48 billion, a decline of 63.1% compared to HKD 66.35 billion in 2023[7] - The group sold 61.7% of remaining units at St. George's Mansions and 91.4% at Victoria Harbour, with other projects also showing significant sales percentages[7] - The group anticipates launching several new projects, including ONE CENTRAL PLACE and others, with presale consent expected for some by 2025[8] - The group plans to continue selectively adding land reserves to enhance profitability potential[10] - The group's hotel revenue for the interim period was HKD 794 million, down from HKD 811 million in the same period last year, with an operating profit of HKD 261 million compared to HKD 254 million in 2023[18] - The overall occupancy rate of the investment property portfolio was 89.5%, a decline of 1.3 percentage points from 90.8% in 2023[14] - The group has land reserves of approximately 19.4 million square feet across various regions, with a balanced property type distribution: 47.5% commercial, 28% residential, 10.3% industrial, 8.1% car parks, and 6.1% hotels[9] - The group has a land reserve in mainland China of approximately 3.5 million square feet, with about 2 million square feet being development projects[22] Financial Position and Management - The group has cash and bank deposits of HKD 47.67 billion, with net cash of HKD 45.88 billion after deducting total borrowings of HKD 1.79 billion as of December 31, 2024[23] - The group maintains a strong financial management policy, with 53.75% of total borrowings due within one year[23] - The group has guaranteed bank loans for joint ventures and associates amounting to HKD 8,766 million as of December 31, 2024, compared to HKD 9,298 million as of June 30, 2024[73] - The group's capital commitments as of December 31, 2024, included contracted but not provided for amounts of HKD 72 million, down from HKD 82 million as of June 30, 2024[74] - The group's trade payables remained stable at HKD 116 million as of December 31, 2024, consistent with the amount reported on June 30, 2024[70] - Trade receivables as of December 31, 2024, totaled HKD 357 million, an increase from HKD 281 million as of June 30, 2024[68] - Time deposits as of December 31, 2024, amounted to HKD 1,477 million, down from HKD 1,632 million as of June 30, 2024[69] Market Outlook and Strategic Initiatives - The group recorded a 27% year-on-year increase in inbound travelers from mainland China, reaching 34 million visitors, with mainland tourists accounting for 76% of total inbound visitors[18] - The company is optimistic about the real estate market outlook, supported by government measures and increasing population[38] - In 2024, Hong Kong is expected to receive over 44.5 million visitors, a 31% increase compared to 2023, boosting housing demand and rental yields[36] - The Hong Kong government has received over 430,000 applications for its new talent import scheme, attracting approximately 180,000 talents and their families to the region[36] - The Hong Kong Monetary Authority has issued a special plan allowing banks to offer up to 80% mortgage loans, adjusting the debt-to-income ratio limit to 60%[38] - The group’s management expects a gradual recovery in property sales and leasing activities in the upcoming quarters, driven by market demand and strategic initiatives[54] Sustainability and Community Engagement - The company emphasizes the importance of sustainable development and has received recognition for its efforts in green building planning and carbon reduction[39] - The company achieved certification for its long-term science-based reduction targets, committing to net-zero carbon emissions by 2050[32] - The group has been recognized in various sustainability ratings, including being included in the Dow Jones Sustainability World Index and receiving a five-star rating in the GRESB real estate assessment[29] - The "Coral Restoration Action" program has welcomed over 3,100 local and international visitors to its "Coral Activation Center" as of December 31, 2024[32] - The company is actively involved in community initiatives, including providing free traditional Chinese medicine consultations to community members[35] - The company continues to foster innovation through partnerships with local universities, receiving 340 entries for the "HKUST-Sino Land Million Dollar Entrepreneurship Competition 2024"[33] Corporate Governance - The company has adopted its own corporate governance code based on the principles and code provisions of Appendix C1 of the Hong Kong Stock Exchange Listing Rules[77] - All four independent non-executive directors have served on the board for over nine years, necessitating the appointment of a new independent non-executive director according to the Listing Rules[79] - The chairman of the board was unable to attend the 2024 Annual General Meeting due to personal reasons, with the vice chairman presiding over the meeting[80] - The interim results for the group have been reviewed by the audit committee and KPMG, the company's auditors[81] - The 2024/2025 interim report will be sent to all shareholders on March 17, 2025, and will be available on the Hong Kong Stock Exchange and the company's website[83]

Financial Performance - The company's revenue for the fiscal year 2024 was HKD 8,765 million, a decrease of 26.5% compared to HKD 11,881 million in 2023[5]. - The basic operating profit for 2024 was HKD 5,171 million, down 15.0% from HKD 6,088 million in 2023[5]. - The profit attributable to shareholders for 2024 was HKD 4,402 million, a decline of 24.8% from HKD 5,849 million in 2023[5]. - Basic earnings per share for 2024 were HKD 0.61, compared to HKD 0.76 in 2023, reflecting a decrease of 19.7%[5]. - The total equity attributable to shareholders increased to HKD 165,790 million in 2024 from HKD 162,349 million in 2023, representing a growth of 2.8%[7]. - The company declared a final dividend of HKD 0.43 per share for 2024, consistent with the previous year's dividend[5]. - The total liabilities decreased to HKD 7,818 million in 2024 from HKD 10,902 million in 2023, indicating improved financial stability[7]. Property Sales and Development - Property sales revenue for the fiscal year was HKD 8.893 billion, down from HKD 11.937 billion in the previous fiscal year[13]. - The group sold 6.8% of the new residential project at Hoi Ying Shan and 34.9% of the project at Kai Pak Fung II during the fiscal year[14]. - The group expects to launch multiple new projects, including ONE CENTRAL PLACE in Central and Pak Lung III in Yuen Long, which have received pre-sale consent[14]. - The group achieved a property sales revenue composition of 40.8% from property sales and 31.8% from property leasing for the fiscal year ending June 30, 2024[9]. - The group anticipates obtaining pre-sale consent for two additional residential projects in the fiscal year 2024/2025[14]. - The group has 18 ongoing development projects in Hong Kong, mainland China, and Singapore, with a total attributable floor area of 5.1 million square feet[44]. Rental Income and Occupancy - The total rental income for the fiscal year was HKD 3.55 billion, a year-on-year increase of 1.3%, while net rental income decreased by 2.5% to HKD 2.91 billion[19]. - The overall occupancy rate of the investment property portfolio was 90.8%, a decrease of 0.4 percentage points from the previous year, with residential properties seeing an increase of 4.8 percentage points to 86.8%[19]. - The group’s property leasing segment contributed 69.0% to the segment performance for the fiscal year[9]. Sustainability and Corporate Social Responsibility - The group is committed to sustainable development, integrating "green living," "innovative thinking," and "community care" into its business practices[29]. - Sino Land Company was recognized as one of the world's most sustainable companies for 2024 by Time magazine and Statista[30]. - The company received an "AA" rating in the MSCI Environmental, Social, and Governance (ESG) Index and achieved a five-star rating in the 2023 Global Real Estate Sustainability Benchmark (GRESB) assessment[30]. - The company launched the "Coral Restoration Action" plan, which has successfully transplanted over 280 rescued coral fragments to restore coral reefs in southern Hong Kong[33]. - The company is actively involved in community support, providing over 2,000 festive gift packs to underprivileged families during the Mid-Autumn Festival[35]. - The company has been recognized with multiple awards for its ESG reporting, including the "Best ESG Report Award (Large Cap)" and "Excellence in Carbon Neutrality Award" at the 2023 Hong Kong ESG Reporting Awards[31]. Corporate Governance - The company emphasizes high standards of corporate governance and has adhered to all code provisions of the Corporate Governance Code during the fiscal year ending June 30, 2024[166]. - The board believes that a strong corporate culture is key to sustainable growth and aligns with the company's vision, mission, values, and strategies[169]. - The board consists of 11 directors, including 5 executive directors, 2 non-executive directors, and 4 independent non-executive directors, exceeding the target of at least one-third independent non-executive directors[172]. - The company has established a clear division of responsibilities, ensuring that financial performance, risk management, and internal controls are effectively monitored[174]. - The company has adopted a corporate risk management system to assist the board in fulfilling its risk management responsibilities[197]. Employee Development and Diversity - As of June 30, 2024, Sino Group employed approximately 10,000 staff and offers various training programs to enhance employee development and satisfaction[109]. - The group provided over 169,800 hours of training for employees during the 2023/2024 fiscal year, focusing on customer service, management, and personal development[112]. - The company aims to maintain gender balance in all management positions by 2030[191]. - The company launched the "Sino Women Connect Program" to support female employees in enhancing their professional skills and confidence[111]. Technology and Innovation - The company has implemented a smart resource management system that integrates all existing systems, allowing real-time monitoring of energy performance across properties[123]. - The company has launched a mobile app for real-time parking availability and navigation, enhancing customer parking experience[124]. - The introduction of an AI-powered attendance and patrol system has improved frontline staff efficiency by allowing preset patrol schedules[124]. Community Engagement - The community living room project aims to serve at least 500 grassroots families, providing services to approximately 80,000 people annually over a three-year period[164]. - The transitional housing project "Pu Green Pavilion" is supported by symbolic rent for land in Tsuen Wan, with facilities promoting physical and mental health, including scholarships for residents' children[165]. - The company organized over 400 community activities, with more than 1,600 volunteers contributing over 210,000 hours of service[159].

Financial Performance - For the fiscal year ending June 30, 2024, the group's underlying profit attributable to shareholders was HKD 5.171 billion, a decrease of 25% from HKD 6.088 billion in the previous fiscal year[1]. - The group's total property sales revenue was HKD 8.893 billion, down 25% from HKD 11.937 billion in the previous fiscal year[4]. - The group's revenue for the year ended June 30, 2024, was HKD 8,765 million, a decrease from HKD 11,881 million in 2023, representing a decline of approximately 26.5%[29]. - The net profit for the year was HKD 4,251 million, down from HKD 5,880 million in the previous year, indicating a decrease of about 27.7%[30]. - The basic earnings per share for the year were HKD 0.52, down from HKD 0.73 in 2023, reflecting a decrease of approximately 28.8%[29]. - The total comprehensive income for the year was HKD 4,238 million, compared to HKD 5,396 million in the previous year, a decline of about 21.5%[30]. - The company's segment profit for the year 2024 was HKD 4,608 million, a decrease from HKD 6,849 million in 2023[38]. - Revenue from external customers in Mainland China and Hong Kong was HKD 7,724 million in 2024, down from HKD 10,907 million in 2023, representing a decline of approximately 29.97%[39]. Property and Rental Performance - The total rental income for the fiscal year was HKD 3.555 billion, an increase of 1.3% from HKD 3.505 billion in the previous fiscal year[9]. - The net rental income decreased by 2.5% to HKD 2.911 billion from HKD 2.986 billion in the previous fiscal year[9]. - The overall occupancy rate of the investment property portfolio was 90.8%, a decrease of 0.4 percentage points from the previous year[9]. - The group sold 6.8% of the new residential project at Hoi Ying Shan and 34.9% of the new project at Kai Pak Fung III during the fiscal year[4]. - The group is focusing on maintaining existing rental levels for office properties amid a challenging market, with strategies including lease restructuring and offering additional incentives[10]. - The group anticipates a gradual recovery in commercial activity and office space demand, supported by government talent import programs and economic integration initiatives[10]. Land and Development - The group has land reserves of approximately 19.5 million square feet, with a balanced property type distribution: 47.5% commercial, 28.3% residential, 10.2% industrial, 8% parking, and 6% hotel[5]. - The group acquired two plots of land in Hong Kong, totaling an attributable floor area of 806,150 square feet during the fiscal year[6]. - The group has approximately 3.5 million square feet of land reserves in mainland China, with around 2 million square feet being development projects[13]. - The group plans to launch multiple new projects, including ONE CENTRAL PLACE in Central and PARC LUNG III in Yuen Long, which have received pre-sale consent[4]. Hotel Operations - The group's hotel operating revenue for the fiscal year was HKD 15.27 billion, up from HKD 13.76 billion last year, with an operating profit of HKD 4.87 billion compared to HKD 4.51 billion in the previous year[11]. - The occupancy rate for the group's hotels in Hong Kong has increased, particularly at the Hong Kong Harbour Grand Hotel, driven by business and leisure travelers[12]. Sustainability and Corporate Governance - The company was recognized as one of the world's most sustainable companies by Time magazine and Statista for 2024[18]. - The company achieved a five-star rating in the 2023 Global Real Estate Sustainability Benchmark (GRESB) assessment[18]. - The company received an "AA" rating in the MSCI Environmental, Social, and Governance (ESG) index[18]. - The company launched the "Coral Restoration Center," which has hosted over 2,800 local and international visitors[22]. - The company established the "Sino Inno Lab" to support innovation and technology development in the Northern Metropolis area[23]. - The company was awarded the "Best ESG Report Award (Large Cap)" at the 2023 Hong Kong ESG Reporting Awards[19]. - The company has been certified for its short-term science-based targets by the Science Based Targets initiative[21]. - The company is a founding member of the International Financial Reporting Standards (IFRS) Sustainability Alliance[20]. - The company distributed over 2,000 festive gift packs to underprivileged families during the Mid-Autumn Festival[24]. - The company was recognized as a top employer for women by receiving the Women's Workplace Index Gold Award[22]. - The group emphasizes strong corporate governance and transparency through various channels, including press releases and investor seminars[15]. - The board has adopted a corporate governance code based on the Hong Kong Stock Exchange Listing Rules and has complied with all relevant provisions during the fiscal year[52]. Market Outlook and Economic Factors - The number of inbound tourists to Hong Kong is expected to reach approximately 42.3 million from July 1, 2023, to June 30, 2024, compared to 13.4 million last year, indicating a significant recovery in the tourism sector[12]. - Over 320,000 applications for talent entry programs were received by the Hong Kong government by the end of June 2024, with more than 60% approved, resulting in approximately 130,000 talents settling in Hong Kong[25]. - The central government increased the tax-free allowance for mainland travelers bringing goods from Hong Kong from RMB 5,000 to RMB 12,000, which, along with shopping allowances, totals RMB 15,000, benefiting the tourism-related industries in Hong Kong[25]. - The group maintained a cautious optimism regarding the residential property market, anticipating that an influx of talent and rising rental yields will support demand and enhance buyer confidence[26]. Financial Position and Assets - The group maintains a strong financial position with cash and bank deposits of HKD 46.41 billion and net cash of HKD 45.58 billion as of June 30, 2024[14]. - Total non-current assets as of June 30, 2024, amounted to HKD 109,909 million, a slight decrease from HKD 111,629 million in 2023, representing a decline of approximately 1.9%[31]. - Current assets increased to HKD 70,435 million in 2024 from HKD 67,641 million in 2023, reflecting a growth of about 4.2%[31]. - Total liabilities decreased from HKD 10,902 million in 2023 to HKD 7,818 million in 2024, indicating a reduction of approximately 28.5%[31]. - The company's equity attributable to shareholders rose to HKD 165,790 million in 2024 from HKD 162,349 million in 2023, marking an increase of about 2.8%[32]. Future Plans and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer experience[35]. - The company is focused on strategic acquisitions to bolster its portfolio and enhance shareholder value in the coming years[35]. - The company plans to continue focusing on market expansion and new product development to enhance future growth prospects[39].

Financial Performance - Sino Land Company reported a significant increase in revenue, achieving HKD 5.2 billion for the first half of the fiscal year, representing a 15% year-over-year growth[4]. - The company’s net profit for the period was HKD 1.8 billion, reflecting a 10% increase compared to the same period last year[4]. - For the six months ending December 31, 2023, the group's unaudited profit attributable to shareholders was HKD 2.944 billion, compared to HKD 2.803 billion in 2022, representing an increase of 5%[6]. - The basic earnings per share for the interim period was HKD 0.35, slightly down from HKD 0.36 in 2022[6]. - Revenue for the six months ended December 31, 2023, was HKD 4,922,801,825, a decrease of 22.8% compared to HKD 6,382,562,292 for the same period in 2022[25]. - Gross profit for the same period was HKD 1,921,148,614, down from HKD 2,780,700,567, reflecting a decline in gross margin[25]. - Net profit for the period was HKD 2,628,542,479, an increase of 6.8% from HKD 2,460,271,746 in the previous year[26]. - Total comprehensive income for the period was HKD 2,830,971,170, up from HKD 2,233,180,306 in the previous year[26]. Revenue Sources - The total property sales revenue attributable to the group was HKD 6.634 billion, a significant increase from HKD 3.899 billion in 2022, marking a growth of 70%[8]. - Property sales revenue amounted to HKD 2,359,711,780, down from HKD 3,947,351,849, reflecting a decline of 40.2% year-on-year[37]. - Hotel operations generated revenue of HKD 501,891,033, an increase of 10.3% from HKD 455,151,150 in the previous year[37]. - Revenue from operating leases was HKD 1,389,249,793, slightly up from HKD 1,356,230,715, indicating a growth of 2.4%[37]. Market Expansion and Development - The company is actively expanding its market presence, with plans to launch two new residential projects in Hong Kong by Q3 2024[4]. - The group plans to launch several new projects, including ONE CENTRAL PLACE in Central and Pak Long III in Yuen Long, which have received pre-sale consent[8]. - The group anticipates obtaining pre-sale consent for two additional residential projects in 2024, depending on market conditions[8]. - The group acquired three land parcels with a total floor area of over 806,000 square feet during the interim period, demonstrating confidence in the Hong Kong market[23]. Corporate Governance and Sustainability - Sino Land is committed to enhancing corporate governance practices, with new policies implemented to ensure compliance with regulatory standards[4]. - The company was selected for the Dow Jones Sustainability Asia Pacific Index for the second consecutive year, ranking in the top 20% for sustainability performance in the Asia Pacific region[19]. - The company achieved a "TA" rating in the MSCI ESG rating and received a five-star rating in the Global Real Estate Sustainability Benchmark, reflecting its commitment to corporate governance and sustainable development[19]. - The company won multiple awards for its sustainable development efforts, including the "Green Building Leadership Award" and three awards at the "2023 United Nations Sustainable Development Goals Hong Kong Achievement Awards"[19]. Community Engagement - The company distributed over 2,000 festive gift packs and mooncakes to underprivileged families in various districts, continuing its commitment to community care[21]. - The company organized a series of festive activities during Christmas, benefiting over 1,000 individuals in need[21]. - The company supports arts and culture initiatives, including establishing a permanent office for the Hong Kong Arts Development Council and hosting various community events[20]. Financial Position - The group reported a strong financial position with cash and bank deposits of HKD 44.13 billion as of December 31, 2023, and net cash of HKD 43.29 billion after deducting total borrowings of HKD 8.32 billion[18]. - The company's net asset value per share as of December 31, 2023, was HKD 19.28, slightly down from HKD 19.87 on June 30, 2023[18]. - The total equity as of December 31, 2023, is HKD 165,245,524,849, an increase from HKD 163,104,843,499 as of June 30, 2023, representing a growth of approximately 1.3%[28]. - The company reported a net asset value of HKD 170,606,786,249, an increase from HKD 168,369,004,331[27]. Challenges and Adjustments - The investment property revaluation loss for the interim period was HKD 141 million, a decrease from a loss of HKD 340 million in 2022[6]. - Net rental income decreased by 0.7% to HKD 1.469 billion, down from HKD 1.480 billion, primarily due to additional leasing-related costs and increased maintenance expenses[14]. - The overall occupancy rate of the investment property portfolio was 90.8%, a decrease of 0.3 percentage points from 91.1% in the previous year[14]. - The company is actively seeking new strategies to enhance hotel service quality and efficiency in response to changing consumer patterns and rising inflation[15]. Future Outlook - Future outlook remains positive, with management guiding for a projected revenue growth of 12% for the next fiscal year[4]. - The group is optimistic about the medium to long-term prospects of the mainland real estate market, supported by recent government policies to stimulate demand[18]. - The central government continues to adjust policies to stimulate economic activity, particularly in the real estate sector, supporting a positive financial cycle[22].

Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended December 31, 2023, was HKD 2.944 billion, compared to HKD 2.803 billion in 2022, representing an increase of 5%[1]. - The net profit for the interim period, after accounting for a revaluation loss of HKD 141.9 million, was HKD 2.615 billion, up from HKD 2.459 billion in 2022, reflecting a growth of 6.4%[1]. - The group's revenue for the six months ended December 31, 2023, was HKD 4,922,801,825, a decrease of 22.8% compared to HKD 6,382,562,292 for the same period in 2022[23]. - The net profit for the same period was HKD 2,628,542,479, representing an increase of 6.8% from HKD 2,460,271,746 in the previous year[24]. - The total comprehensive income for the six months ended December 31, 2023, was HKD 2,830,971,170, an increase from HKD 2,233,180,306 in the previous year[24]. - Basic earnings per share for the six months ended December 31, 2023, were HKD 2,615,953,914, compared to HKD 2,459,821,495 for the same period in 2022, reflecting an increase of about 6.4%[36]. - The group’s basic profit attributable to shareholders was HKD 2,944,693,000, up from HKD 2,802,368,922 in the previous year, marking an increase of approximately 5.1%[38]. Property Sales and Revenue - Total property sales revenue for the interim period was HKD 6.6349 billion, a significant increase from HKD 3.8994 billion in 2022, marking a growth of 70.5%[3]. - The property sales segment generated revenue of HKD 3,947,351,849, with a corresponding profit of HKD 1,196,721,397, compared to HKD 4,832,856,025 and HKD 517,735,666 in the previous year, indicating a significant drop in both revenue and profit[29]. - The group sold 6.5% of the new residential project in Wong Chuk Hang and 26.7% of the project in Tseung Kwan O during the interim period[3]. Rental Income and Occupancy - Total rental income for the interim period was HKD 1.7767 billion, an increase of 2.8% from HKD 1.7283 billion in 2022[7]. - The net rental income decreased by 0.7% to HKD 1.4699 billion, primarily due to additional leasing-related costs from new projects and increased maintenance expenses[7]. - The overall occupancy rate of the investment property portfolio was 90.8%, a decrease of 0.3 percentage points compared to the previous year[8]. - Residential properties saw the largest increase in occupancy, rising by 7.8 percentage points to 87.9%[8]. Land Reserves and Acquisitions - The group has land reserves of approximately 19.5 million square feet, with a balanced property type distribution: 47.3% commercial, 28.6% residential, 10.1% industrial, 8% parking, and 6% hotel[4]. - The group acquired two plots of land from the Hong Kong government during the interim period, adding a total of 806,145 square feet to its land reserves[4]. - The group acquired three plots of land during the interim period, increasing its land bank to a total floor area of 19,500,000 square feet, demonstrating commitment to Hong Kong's real estate market[21]. Hotel Operations - Hotel revenue for the interim period was HKD 810.9 million, up from HKD 692.8 million in the same period last year, with operating profit increasing to HKD 253.5 million[10]. - The hotel operations segment reported revenue of HKD 455,151,150 and a profit of HKD 206,009,341, compared to HKD 501,891,033 and HKD 189,251,526 in the prior year, reflecting a decrease in revenue by approximately 9.3%[31]. - The group is actively seeking new strategies to enhance hotel service quality and efficiency in response to changing consumer patterns and rising inflation[10]. Sustainability and Governance - The company was selected for the Dow Jones Sustainability Asia Pacific Index for the second consecutive year, ranking in the top 20% for sustainability performance in the Asia Pacific region[15]. - The company achieved an "AA" rating in the MSCI Environmental, Social, and Governance (ESG) Index in 2023 and received a five-star rating in the Global Real Estate Sustainability Benchmark[15]. - The company has been recognized with multiple awards for its sustainability efforts, including the "Green Building Leadership Award" and three awards at the United Nations Sustainable Development Goals Hong Kong Achievement Awards[15]. - The company is committed to reducing carbon emissions and has received certification for its science-based short-term reduction targets from the Science Based Targets initiative (SBTi)[17]. - The company has launched the "CORAL REEFStoration" initiative to restore coral fragments and educate the public about marine biodiversity[17]. - The company is actively promoting community engagement through various cultural and sports activities, including partnerships with local art organizations[17]. - The company has maintained high transparency and governance standards by establishing various committees to oversee its operations[14]. - The company is focused on sustainable development through three key elements: "Green Living," "Innovative Concepts," and "Community Care"[15]. - The company has been upgraded to "AA+" in the Hang Seng Sustainable Development Corporate Benchmark Index[15]. Economic Outlook - The unemployment rate in Hong Kong has decreased to 2.9%, and the population has rebounded from 7.2 million in mid-2022 to 7.5 million by the end of 2023, indicating a positive economic outlook[20]. - The total number of visitors to Hong Kong reached approximately 34 million, recovering to 52.2% of the 65.1 million visitors in 2018[8]. - The global economic recovery from the pandemic may be impacted by geopolitical factors, trade tensions, and supply chain adjustments[18]. - The Hong Kong government has implemented measures to stimulate the real estate market, including reducing stamp duty rates from 15% to 7.5% for buyers, which may positively impact the group's operations[20]. Financial Position - The group maintains a strong financial position with cash and bank deposits of HKD 44.13 billion and net cash of HKD 43.29 billion as of December 31, 2023[13]. - As of December 31, 2023, total non-current assets amounted to HKD 112.41 billion, a slight increase from HKD 111.63 billion as of June 30, 2023, reflecting a growth of approximately 0.7%[25]. - Current assets decreased to HKD 66.68 billion from HKD 67.64 billion, representing a decline of about 1.4%[25]. - Total liabilities decreased from HKD 10.90 billion to HKD 8.48 billion, indicating a reduction of approximately 22.2%[25]. - Shareholders' equity increased to HKD 164.52 billion from HKD 162.35 billion, marking a growth of about 1.3%[26]. - The company reported a net current asset value of HKD 58.20 billion, up from HKD 56.74 billion, which is an increase of approximately 2.6%[25]. - The total assets less current liabilities stood at HKD 170.61 billion, compared to HKD 168.37 billion, reflecting an increase of about 1.3%[26]. - The company’s bank borrowings due after more than one year remained stable at HKD 831.99 million[26]. - The company’s reserves decreased slightly from HKD 101.91 billion to HKD 101.21 billion, a decline of approximately 0.7%[26]. - The company’s investment properties were valued at HKD 66.17 billion, showing a marginal increase from HKD 66.01 billion[25]. - The company’s long-term receivables decreased from HKD 3.44 billion to HKD 3.26 billion, a decline of about 5.2%[25]. Management and Governance - The board declared an interim dividend of HKD 0.15 per share, consistent with the previous year[1]. - The board believes that the current management structure effectively supports the company's operations and business development[48]. - The interim results for the six months ended December 31, 2023, have been reviewed by the audit committee and KPMG[49].

Financial Performance - The group's revenue for 2023 was HKD 11,881,285,263, a decrease of 23.5% compared to HKD 15,554,174,570 in 2022[6] - The underlying operating profit for 2023 was HKD 6,088,207,820, down from HKD 6,530,663,998 in 2022, representing a decline of 6.8%[6] - Profit attributable to shareholders for 2023 was HKD 5,849,379,302, compared to HKD 5,735,396,549 in 2022, showing a slight increase of 2%[6] - Basic earnings per share for 2023 were 76.71 cents, down from 86.58 cents in 2022, reflecting a decrease of 11.5%[6] - The interim dividend for 2023 was maintained at 15.0 cents per share, consistent with the previous year[6] - The final dividend proposed for 2023 is 43.0 cents per share, an increase from 42.0 cents in 2022[6] Market Strategy and Outlook - The company plans to continue its market expansion strategy, focusing on sustainable development initiatives[4] - Future guidance indicates a cautious outlook due to market volatility, with a focus on maintaining profitability and shareholder returns[4] Property Sales and Development - Total revenue from property sales for the fiscal year was HKD 119.373 billion, with significant contributions from completed residential projects[13] - The property sales segment accounted for 44.4% of total revenue, while property leasing contributed 43.9% for the fiscal year ending June 30, 2023[11] - The group has land reserves of approximately 19.5 million square feet across mainland China, Hong Kong, Singapore, and Sydney, with a balanced property type distribution: 46.8% commercial, 27.9% residential, 11.3% industrial, 8% parking, and 6% hotel[15] - The group expects to receive pre-sale consent for a residential project in Yau Tong during the fiscal year 2023/2024, in addition to several projects already approved for sale[14] Financial Position and Assets - The total equity attributable to shareholders increased to HKD 162.349 billion in 2023 from HKD 157.397 billion in 2022, reflecting a growth of approximately 3.6%[8] - Non-current assets increased to HKD 111.629 billion in 2023 from HKD 107.559 billion in 2022, indicating a growth of approximately 2.0%[8] - The total assets of the group reached HKD 168.369 billion in 2023, up from HKD 163.879 billion in 2022, marking an increase of approximately 2.9%[8] Rental Income and Occupancy - Total rental income for the fiscal year was HKD 3.548 billion, a decrease of 1.1% year-on-year[22] - Net rental income fell to HKD 2.985 billion, down 3.7% from the previous year[22] - Overall occupancy rate of the investment property portfolio increased to 91.2%, up 0.4 percentage points year-on-year[24] - Retail property occupancy rose by 2.1 percentage points to 95%[24] Sustainability and Corporate Social Responsibility - The group achieved an AA rating in the Hang Seng Sustainability Index and was recognized as a top ten company in the Greater Bay Area Sustainability Index[32] - The group was awarded the highest five-star rating in the GRESB real estate assessment and recognized as a global industry leader in sustainability[32] - The group has committed to climate risk assessments covering over 170 existing and new properties, following TCFD recommendations[33] - The group received the Hong Kong Sustainable Development Award for Large Organizations, recognizing its efforts in promoting ESG and sustainability[32] Employee Development and Corporate Culture - The group employed approximately 9,700 employees as of June 30, 2023, and has implemented various training programs to enhance employee development and satisfaction[109] - Over 156,500 hours of training were provided to employees during the fiscal year 2022/2023, focusing on customer service quality, business skills, and enhancing awareness of innovation and digitalization[112] - The group received multiple awards, including the "Best Employer - Outstanding Award" and "Best Corporate Social Responsibility Award - Outstanding Award" at the CTgoodjobs Best HR Awards 2022[111] Governance and Risk Management - The board consists of 12 directors, including 6 executive directors, 2 non-executive directors, and 4 independent non-executive directors[177] - The board is committed to maintaining high standards of corporate governance, which is essential for prudent financial management and sustainable business growth[175] - The company has established a governance mechanism to ensure independent viewpoints and opinions are obtained for board discussions[184] Community Engagement and Initiatives - The company is actively involved in the "Elderly-Youth Connection Program," expecting to engage over 1,000 medical students and provide services to 10,000 elderly individuals[35] - The community kitchen initiative provided 2,000 free vegetarian meal boxes monthly to underprivileged individuals[171] - The company distributed 200 care packages containing essential food items to grassroots families and fishermen in the vicinity of Causeway Bay and Aberdeen[167]

Financial Performance - The group's basic profit attributable to shareholders for the fiscal year ended June 30, 2023, was HKD 6.088 billion, a decrease of 10.2% from HKD 6.530 billion in the previous fiscal year[1]. - The company's revenue for the fiscal year ending June 30, 2023, was HKD 11,881,285,263, a decrease of 23.5% compared to HKD 15,554,174,570 in the previous year[31]. - The net profit attributable to shareholders was HKD 5,880,458,454, slightly down from HKD 5,964,709,321 in the previous year, reflecting a decrease of 1.4%[32]. - The company reported a gross profit of HKD 5,388,756,406, down 34.5% from HKD 8,252,310,419 in the previous year, highlighting challenges in maintaining profitability[31]. - The pre-tax profit for the year ended June 30, 2023, was HKD 6,741,293,282, down from HKD 7,313,816,816 in the previous year, indicating a decrease of about 7.8%[42]. - The basic earnings attributable to shareholders for the year amounted to HKD 6,088,207,820, a decrease of approximately 6.8% from HKD 6,530,663,998 in the previous year[50]. Property Sales and Revenue - The group's total property sales revenue for the fiscal year was HKD 11.937 billion, an increase of 8.5% from HKD 10.841 billion in the previous fiscal year[4]. - Revenue from property sales reached HKD 12.06 billion, significantly up from HKD 3.04 billion in the previous period, marking an increase of approximately 296%[37]. - Revenue from property leasing rose to HKD 3.53 billion in 2023, compared to HKD 3.01 billion in 2022, an increase of about 17.5%[37]. - The group sold 23.6% of the residential project in Tseung Kwan O during the fiscal year, with other projects achieving sales rates of 78.5% and 88%[4]. - Revenue from property sales amounted to HKD 11,129,690,462, while property leasing generated HKD 2,738,482,414, showing a significant contribution to total revenue[39]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.43 per share, totaling HKD 0.58 per share for the fiscal year, including an interim dividend of HKD 0.15[2][3]. - The company plans to distribute a final dividend of HKD 0.43 per share, compared to HKD 0.42 per share in the previous year, indicating a commitment to returning value to shareholders[31]. Financial Position and Assets - As of June 30, 2023, the group has cash and bank deposits amounting to HKD 43.93 billion, with net cash of HKD 41.97 billion after deducting total borrowings of HKD 1.96 billion[17]. - The group's total assets and total equity are HKD 179.27 billion and HKD 162.34 billion, respectively, with a book net asset value per share of HKD 19.87 as of June 30, 2023[17]. - Total non-current assets increased to HKD 111.63 billion in 2023 from HKD 107.56 billion in 2022, representing a growth of approximately 3.9%[33]. - Current assets decreased to HKD 67.64 billion in 2023 from HKD 71.42 billion in 2022, a decline of about 5.3%[33]. - Total liabilities decreased from HKD 15.10 billion in 2022 to HKD 10.90 billion in 2023, a reduction of approximately 27.5%[33]. - Shareholders' equity increased to HKD 162.35 billion in 2023 from HKD 157.40 billion in 2022, reflecting a growth of about 3.8%[34]. Investment Properties and Market Conditions - The group recorded a revaluation loss of HKD 1.633 billion on investment properties, a significant decrease from a loss of HKD 7.708 billion in the previous fiscal year[1]. - Total rental income for the fiscal year was HKD 3.504 billion, a decrease of 1.1% year-on-year[11]. - Net rental income decreased to HKD 2.985 billion, down 3.7% from HKD 3.101 billion in the previous fiscal year[11]. - Overall occupancy rate of the investment property portfolio increased to 91.2%, up 0.4 percentage points from the previous year[11]. - The group's investment properties experienced a fair value change of HKD 178,550,889 in 2023, compared to a loss of HKD 683,168,848 in 2022, indicating a recovery in property values[42]. Sustainability and Corporate Responsibility - The group has been recognized as a component of the Hang Seng Sustainable Development Corporate Benchmark Index with an AA rating, and has achieved a five-star rating in the GRESB real estate assessment[20]. - The group was selected as one of the top ten companies in the Greater Bay Area Corporate Sustainability Index, marking a significant milestone in sustainable development[20]. - The group has been rated as the highest ESG-rated company in the Asia-Pacific region by Sustainalytics and upgraded to an AA rating in the MSCI ESG Index[20]. - The group continues to integrate sustainable development into its business through elements such as "green living," "innovative thinking," and "community care" to create long-term value for stakeholders[19]. - Sino Land Company received the "Hong Kong Sustainable Development Award (Large Organization Category)" at the Hong Kong Sustainable Development Awards 2022, recognizing its commitment to ESG and sustainability efforts[21]. Future Outlook and Market Conditions - The group is optimistic about the medium to long-term prospects of the mainland real estate market, supported by recent government measures to boost liquidity for developers[15]. - The company is prepared to seize opportunities for economic recovery as the operating environment improves following the easing of pandemic-related restrictions[24]. - New policies introduced in July 2023 include extending existing loans for developers by 12 months and relaxing down payment requirements for homebuyers, aimed at supporting the real estate sector[24]. - The company anticipates a gradual recovery in the business environment, supported by clearer interest rate prospects, which may benefit the Hong Kong residential market[27]. Operational Efficiency and Innovation - The company is actively exploring new technologies to enhance productivity and customer experience, focusing on green innovation and digitalization[26]. - The "CityWise 2022/2023" corporate innovation program attracted over 3,000 solutions from 70 countries, promoting real estate technology development[21]. - The "HKUST-Sino Million Dollar Entrepreneurship Competition 2023" attracted a record 234 teams, emphasizing the importance of sustainable development ideas[22].

Financial Performance - For the six months ending December 31, 2022, the group's unaudited profit attributable to shareholders was HKD 2.802 billion, down from HKD 4.369 billion in 2021, representing a decrease of 36%[12] - Basic earnings per share for the interim period were HKD 0.36, compared to HKD 0.58 in the previous year, reflecting a decline of 38%[12] - After accounting for a revaluation loss of investment properties of HKD 340.6 million, the net profit attributable to shareholders was HKD 2.459 billion, down from HKD 4.225 billion in 2021, a decrease of 42%[12] - The interim earnings per share, after revaluation losses, were HKD 0.31, compared to HKD 0.56 in the previous year, indicating a decline of 45%[12] - For the six months ended December 31, 2022, the company's revenue was HKD 6,382,562,292, a decrease of 41.5% compared to HKD 10,892,121,664 for the same period in 2021[38] - The company's gross profit for the same period was HKD 2,780,700,567, down from HKD 5,536,437,680, reflecting a gross margin decline[38] - The profit attributable to shareholders for the six months was HKD 2,459,821,495, a decrease of 41.8% from HKD 4,225,517,118 in the previous year[38] - Total comprehensive income for the period was HKD 2,233,180,306, down from HKD 4,518,664,076 year-over-year, indicating a decline of about 50%[39] - The company reported a profit of HKD 2,460,271,746 for the six months ended December 31, 2022, compared to HKD 4,392,196,323 in the same period of 2021, reflecting a decrease of approximately 44%[39] Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.15 per share, consistent with the previous year's dividend[13] - The total interim dividend declared for the six months ended December 31, 2022, was HKD 1,209,189,324, compared to HKD 1,142,268,702 for the same period in 2021, reflecting an increase of about 5.9%[63] - The company did not declare any special dividend for the six months ended December 31, 2022, compared to HKD 0.28 per share for the same period in 2021[62] Property Sales and Revenue - The group's attributable property sales revenue for the interim period was HKD 38.99 billion, a decrease from HKD 84.97 billion in the previous year[14] - Revenue from property sales for the six months ended December 31, 2022, was HKD 3,947,351,849, down 54.5% from HKD 8,685,166,816 in the same period of 2021[49] - The segment profit for the property sales division was HKD 1,132,653,182, down from HKD 4,135,626,503 in the previous year, indicating a decrease of about 72.6%[50] Rental and Hotel Operations - The total rental income for the interim period was HKD 1.728 billion, down 3.8% year-on-year, while net rental income decreased by 4.9% to HKD 1.4806 billion[21] - The group's hotel revenue for the interim period was HKD 692.8 million, a significant increase from HKD 247.7 million in the same period last year, with operating profit rising to HKD 229.2 million from HKD 12.6 million[23] - Revenue from hotel operations increased to HKD 455,151,150, a significant rise from HKD 194,913,796 in the previous year, reflecting a growth of 133.3%[49] Financial Position and Assets - The group maintained a strong financial position with cash and bank deposits totaling HKD 44.46 billion, resulting in a net cash position of HKD 41.23 billion after deducting total borrowings of HKD 3.22 billion[26] - The group’s total assets and total equity were valued at HKD 179.39 billion and HKD 159.33 billion, respectively, as of December 31, 2022[26] - The company's non-current assets increased to HKD 111,853,827,165 as of December 31, 2022, up from HKD 107,558,890,604 as of June 30, 2022, representing a growth of approximately 4%[40] - The company's total equity attributable to shareholders rose to HKD 159,323,330,115 as of December 31, 2022, compared to HKD 157,397,300,099 at the end of June 2022, an increase of approximately 1.2%[41] Market Outlook and Strategy - The company anticipates that the easing of interest rate pressures and the reopening of China will support the Hong Kong residential market[36] - The company is focused on enhancing operational efficiency and business performance amid ongoing economic challenges, including inflation and consumer confidence issues[34] - The company remains cautiously optimistic about the Hong Kong property market, supported by government efforts to stimulate economic recovery and urbanization[35] Sustainability and Corporate Governance - SINO Land Company achieved a five-star rating in the Global Real Estate Sustainability Benchmark (GRESB) assessment, marking a significant milestone in its commitment to sustainable development[29] - The company aims to reduce scope 1 and 2 greenhouse gas emissions by 53.1% per square meter by 2030, using 2018 levels as a baseline[31] - SINO Land was recognized as one of the top 100 sustainable companies globally by Corporate Knights, highlighting its leadership in sustainability within the local real estate sector[29] - The company launched the "CORAL REEFStoration" project, utilizing 3D-printed coral reef structures to restore coral ecosystems in Hong Kong[31] - The company established a Compliance Committee to enhance corporate governance, which meets every two months to review compliance reports and provide regulatory updates[116] - The company adhered to all provisions of the Corporate Governance Code as per the Listing Rules for the six months ending December 31, 2022, although the roles of Chairman and CEO are currently held by the same individual[118] Shareholder Information - Major shareholder Huang Zhixiang holds 4,720,566,903 shares, representing 58.55% of the issued shares[95] - The estate of the late Huang Tingfang, managed by joint executors, holds 4,714,732,371 shares, accounting for 58.69% of the issued shares[104] - The company has a total of 17,252,756 shares under controlled corporation interests and 4,714,250,371 shares under the estate of the late Huang Tingfang[104] Committees and Compliance - The company has established a remuneration committee to oversee the remuneration policies for all directors and senior management, ensuring transparency and regular reviews[113] - The audit committee has reviewed the accounting policies and practices adopted by the company for the six months ended December 31, 2022[115] - All directors confirmed compliance with the Board's Securities Trading Code during the six months ending December 31, 2022[117]

Financial Performance - Revenue for 2022 was HKD 15,554,174,570, a decrease from HKD 24,545,345,720 in 2021[4] - Basic operating profit for 2022 was HKD 6,530,663,998, down from HKD 10,315,827,756 in 2021[4] - Profit attributable to shareholders in 2022 was HKD 5,735,396,549, compared to HKD 9,646,036,990 in 2021[4] - Basic earnings per share for 2022 were 86.58 HK cents, down from 142.92 HK cents in 2021[4] - Total assets in 2022 were HKD 163,879,257,131, slightly up from HKD 163,749,469,139 in 2021[6] - Total equity attributable to shareholders in 2022 was HKD 157,397,300,099, compared to HKD 155,159,697,028 in 2021[6] - Interim dividend for 2022 was 15.0 HK cents per share, up from 14.0 HK cents in 2021[4] - Final dividend for 2022 was 42.0 HK cents per share, up from 41.0 HK cents in 2021[4] - The group's basic profit attributable to shareholders, excluding investment property revaluation, was HKD 6.53 billion, a decrease from HKD 10.32 billion in the previous year[11] - The group's net profit attributable to shareholders, including investment property revaluation losses, was HKD 5.74 billion, down from HKD 9.65 billion in the previous year[11] - The board proposed a final dividend of 42 HK cents per share, bringing the total dividend for the fiscal year to 57 HK cents per share[12] Property Sales and Development - Property sales accounted for 65.8% of the group's revenue, while property leasing contributed 29.3%[8] - Property sales revenue attributable to the group was HKD 10.84 billion, a decrease from HKD 18.6 billion in the previous year[14] - The group sold 48.9% of units in the Capri Peak I & II project in Tseung Kwan O and 89.9% of units in the Parkland I & II project in Yuen Long[15] - The group plans to launch new residential projects, including Capri Peak III in Tseung Kwan O and ONE CENTRAL PLACE in Central, pending pre-sale consent[17] - As of June 30, 2022, the group's land reserve totaled 20.4 million square feet, with 45.7% allocated for commercial use and 29.9% for residential use[18] - The group acquired a 20% interest in a mixed-use development site in Singapore, with a total gross floor area of approximately 1.07 million square feet[18] - The company acquired a 25% interest in Golden Mile Complex at 5001 Beach Road, Singapore, with a total gross floor area of approximately 609,791 square feet[19] - The company increased its stake in the Victoria Harbour residential project in Southwest Kowloon from 22.5% to 29.25%, with a corresponding gross floor area of 288,935 square feet[21] - The company completed the Yat Lung Bay 8 residential project in Hong Kong with 100% ownership and a gross floor area of 412,530 square feet[22] - The company completed the Xinyu • Yulong Tianxia Phase 3 residential and commercial project in Zhangzhou, China, with 100% ownership and a gross floor area of 322,734 square feet[23] - The company completed the Xinyu • Yulongshan Phase 3A2 and 3B1 residential and commercial project in Chengdu, China, with 20% ownership and a gross floor area of 565,673 square feet[23] - The company's land reserve as of June 30, 2022, totals 20.43 million square feet, with a balanced portfolio: 45.7% commercial, 29.9% residential, 10.8% industrial, 7.7% parking, and 5.9% hotel[52] - The company acquired a 20% stake in a mixed-use development site in Singapore with a total gross floor area of 1.07 million square feet and a 25% stake in Golden Mile Complex in Singapore with a total gross floor area of 609,791 square feet[53] - The company's investment properties and hotels, primarily held for long-term investment, generated stable recurring income, with a total area of 12.17 million square feet, accounting for 59.5% of the total land reserve[53] - The company's properties under development total 6.78 million square feet, representing 33.2% of the total land reserve, with prime locations and convenient transportation access[53] - The company's completed properties for sale total 1.49 million square feet, accounting for 7.3% of the total land reserve[53] - Total land reserve area as of June 30, 2022, is 20,430,962 square feet, with 22.6% located in Mainland China, 30.1% in the New Territories, 29.0% in Kowloon, 12.4% on Hong Kong Island, 5.0% in Singapore, and 0.9% in Sydney, Australia[54] - The company has 23 ongoing development projects in Hong Kong, Mainland China, and Singapore, with a total attributable gross floor area of 6.8 million square feet[57] - In the fiscal year 2022, the company sold approximately 99.2% of the units in the YOHO Hub 8 project, generating a total property sales revenue of HKD 5.7 billion[58] - The company expects to obtain pre-sale consents for three additional residential projects in the 2022/2023 fiscal year, including the second phase of Parkland in Yuen Long, the fourth phase of Wong Chuk Hang Station property development, and the Yau Tong Ventilation Building property development[57] - The Hong Kong Fullerton Ocean Park Hotel, with 425 rooms, commenced trial operations in July 2022 and is expected to officially open in late 2022[59] - The third phase of the Xinhe Yulong Tianxia project in Zhangzhou, Fujian, includes a residential area of approximately 1.2 million square feet, providing 1,268 units, and a commercial area of 72,041 square feet[60] - As of June 30, 2022, the company has 16 ongoing development projects in Hong Kong, with an attributable gross floor area of approximately 3.6 million square feet[61] - The Landmark South project in Wong Chuk Hang, with a total attributable area of approximately 141,698 square feet, is expected to obtain the "Occupation Permit" in the 2022/2023 fiscal year[62] - Silversands project has sold approximately 71.3% of its units, generating a total property sales revenue of HKD 1.2 billion[65] - St. George's Mansions project has sold approximately 8.6% of its units, generating a total property sales revenue of HKD 2.1 billion[67] - The Victoria Harbour project has sold approximately 54.7% of its units, generating a total property sales revenue of HKD 11.2 billion[70] - The "Marini" project at The Southside has sold approximately 82.7% of its units, generating a total property sales revenue of HKD 12.1 billion[71] - ONE SOHO project has sold approximately 59.3% of its units, generating a total property sales revenue of HKD 1.3 billion[72] - The Silversands project is expected to obtain the "Occupancy Permit" and "Certificate of Compliance" in the 2022/2023 fiscal year[65] - The Victoria Harbour project is expected to obtain the "Occupancy Permit" and "Certificate of Compliance" in the 2022/2023 fiscal year[70] - The "Marini" project at The Southside is expected to obtain the "Transfer Consent" in the 2023/2024 fiscal year[71] - ONE CENTRAL PLACE project is expected to obtain the "Occupancy Permit" and "Certificate of Compliance" in the 2023/2024 and 2024/2025 fiscal years, respectively[73] - The Victoria Harbour project has a total residential area of 987,812 sq. ft., providing 1,437 units, with the company's attributable area being 288,935 sq. ft.[70] - The joint venture project at Kam Sheung Road Station has a total site area of 448,719 square feet and will provide approximately 2,200 residential units upon completion. The company holds a 33.33% interest, equating to 412,247 square feet of residential area. Phase 1A and 1B have achieved 89.9% sales, generating HK$12.4 billion in revenue[74] - The Lohas Park Phase 11 project has a total site area of 177,359 square feet and will provide approximately 1,880 residential units. The company holds a 40% interest, equating to 382,587 square feet of residential area. Phase XIB and XIC have achieved 48.9% sales, generating HK$5.2 billion in revenue[75] - The Yau Tong Ventilation Building project has a total site area of 43,379 square feet and will provide 792 residential units. The company holds an 80% interest, equating to 260,274 square feet of residential area. The project is currently in the foundation stage[75] - The Wong Chuk Hang Station Phase 4 project has a total site area of 65,015 square feet and will provide approximately 800 residential units. The company holds a 25% interest, equating to 159,576 square feet of residential area. The project is currently in the superstructure construction stage[76] - The Lohas Park Phase 13 project has a total site area of 130,675 square feet and will provide approximately 2,550 residential units. The company holds a 25% interest, equating to 386,681 square feet of residential area. The project is currently under construction[76] - The company has approximately 2.8 million square feet of development projects in Mainland China, including two projects in the Greater Bay Area and three in other regions[77] - The Xiamen Xinhe Yulong Tianxia project in Zhangzhou has a total area of 4.4 million square feet, with 4.2 million square feet designated for residential use, providing 3,856 units. Approximately 96% of the 2,821 units released for sale have been sold[77] - The first phase of the Xiamen Xinhe Yulong Tianxia project was completed in the 2013/2014 fiscal year, providing 602 residential units and 25,919 square feet of commercial space[78] - The second phase of the Xiamen Xinhe Yulong Tianxia project was completed in the 2017/2018 fiscal year, providing 1,047 residential units and 47,095 square feet of commercial space[78] - The third phase of the Xiamen Xinhe Yulong Tianxia project includes 1,268 residential units and 72,041 square feet of commercial space, with two out of seven buildings completed in the current fiscal year[78] - The company acquired a 50% interest in the T102-0262 plot in Shenzhen, with a site area of approximately 80,485 square feet and a total commercial area of 495,144 square feet upon completion in 2022[79] - The company holds a 30% interest in the T102-0261 plot in Shenzhen, with a site area of approximately 183,842 square feet and a total area of 861,120 square feet upon completion in 2024, with 90% designated for office use[80] - The company acquired a 20% interest in the Land Parcel 950 in Singapore, with a total gross floor area of approximately 1,070,026 square feet, offering residential, serviced apartments, retail, dining, and office spaces[81] - The company acquired a 25% interest in the Golden Mile Complex in Singapore, with a total gross floor area of approximately 609,791 square feet, redeveloping it into a mixed-use project[82] Investment Properties and Hotels - The company's total rental income (including share of associates and joint ventures) for the fiscal year was HK$3.5461 billion, a year-on-year decrease of 3.2%[26] - The company's investment property portfolio achieved an average occupancy rate of 90.8%, a slight increase from 89.8% in the previous fiscal year[26] - The company's retail property portfolio achieved an average occupancy rate of 92.9%, an improvement from 90.4% in the previous fiscal year[27] - The company's office property portfolio achieved an average occupancy rate of 89.7%, a decrease from 91% in the previous fiscal year[28] - The group's investment properties and hotels in mainland China, Hong Kong, Singapore, and Sydney cover a total area of approximately 12.1 million square feet, with commercial properties (shops and offices) accounting for 61.5%, industrial properties for 13.3%, parking lots for 12.9%, hotels for 9.6%, and residential properties for 2.7%[30] - The group's hotel operating income (including share of associates and joint ventures) for the fiscal year was HKD 582.7 million, compared to HKD 350.8 million last year, with an operating profit of HKD 92.9 million, compared to an operating loss of HKD 69.1 million last year[31] - The group's Hong Kong Fullerton Ocean Park Hotel, which opened in July 2022, offers 425 rooms and suites and is the first Fullerton hotel in Hong Kong, focusing on sustainability and luxury[32] - The group's hotel business in Singapore and Sydney showed effective recovery in the second half of the fiscal year following the relaxation of travel restrictions and the resumption of international travel[31] - The group's Hong Kong Conrad Hotel participated in the government's designated quarantine hotel program, exclusively hosting overseas travelers for mandatory quarantine starting June 1, 2022[31] - The group's Hong Kong Ovolo Hotel underwent renovation starting December 2021 and is planned to reopen in the fourth quarter of 2022 with new commercial and operational strategies[31] - As of June 30, 2022, the company's investment properties and hotels covered approximately 12.1 million square feet, with 61.5% allocated to office/retail use[83][84] - The company's flagship shopping malls, such as Tuen Mun Town Plaza Phase 1, saw improved foot traffic and tenant sales compared to the peak of the pandemic[85] - Tuen Mun Town Plaza Phase 1, a wholly-owned property, spans over 1.1 million square feet with more than 300 shops and restaurants[86] - Olympian City Phase 1 and 2, with over 650,000 square feet of retail space, maintained high occupancy rates during the fiscal year[87] - Olympian City Phase 3, with a 50% interest, offers approximately 118,000 square feet of retail space and maintained high occupancy rates[88] - The company's Asia Pacific Centre, a wholly-owned property in Hong Kong, spans 219,853 square feet and is located in a prime shopping district[89] - Zhonggang City occupies 673 guest rooms in the Royal Pacific Hotel and provides over 1.2 million square feet of office and retail space, with the group holding a 25% interest, equivalent to 308,308 square feet[91] - Tsim Sha Tsui Centre has a total area of 514,020 square feet, with the group holding a 45% interest, equivalent to 231,309 square feet, and maintains a high occupancy rate[92] - Grandtech Plaza has a total commercial area of 824,406 square feet, with the group holding a 50% interest, equivalent to 412,203 square feet, and maintains a high occupancy rate[93] - Citywalk provides approximately 245,000 square feet of retail space and maintains a high occupancy rate, with its vertical garden and garden plaza earning the highest "Platinum" rating from the HK-BEAM Society[94] - Citywalk Phase 2 offers approximately 180,000 square feet of retail space and is connected to Citywalk via a pedestrian bridge[95] - Central Plaza, one of Asia's tallest commercial buildings, provides approximately 1.4 million square feet of space, with the group holding a 10% interest, equivalent to 140,000 square feet, and maintains a high occupancy rate[96] - Electric Road 148 offers 197,400 square feet of commercial space[97] - Fuli Plaza provides 225,396 square feet of office space and is undergoing significant commercial and residential improvements in the Kwun Tong area[98] - Pacific Plaza offers 153,037 square feet of office space and 14,562 square feet of retail space, with the retail area undergoing major renovations expected to be completed by the end of the year[99] - The Hennessy provides 71,862 square feet of commercial space and maintains a high occupancy rate, featuring a 15-meter-high glass shopfront and a rooftop garden with panoramic views of Victoria Harbour[100] - Lee Tung Avenue has a total area of approximately 87,720 square feet and houses around 50 tenants offering a diverse mix of retail options[103] - Galaxy Bay has a total area of approximately 47,607 square feet, with residential space accounting for 32,400 square feet and retail space for 15,207 square feet, providing 50 residential units[104] - The Peak has a residential area of approximately 36,845 square feet, offering 54 residential units, with the property nearly fully leased[105] - Central Park occupies approximately 39,041 square feet, representing the company's 45% stake in the project, which has a total area of 86,758 square feet[108] - Fullerton Heritage in Singapore includes several historical buildings and offers a unique blend of dining, entertainment, and accommodation services[109] - Fullerton One provides over 80,000 square feet of commercial space and features a variety of high-end dining and entertainment options[110] - Fullerton Waterboat House has a total area of 21,743 square feet and is a historical landmark in Singapore[112] - Fullerton Pavilion is part of Fullerton Heritage and is located in the Marina Bay area, offering a prime location for dining and entertainment[113] - The Fullerton Hotel Singapore achieved

Financial Performance - For the six months ending December 31, 2021, the group's unaudited profit attributable to shareholders was HKD 4.367 billion, compared to HKD 2.142 billion in 2020, representing a 104% increase[6]. - The basic earnings per share for the interim period was HKD 0.58, up from HKD 0.30 in the previous year, indicating a 93% increase[6]. - The net profit attributable to shareholders, after accounting for a revaluation loss of investment properties of HKD 1.3 billion, was HKD 4.225 billion, compared to HKD 1.286 billion in 2020, reflecting a significant increase[6]. - The basic earnings per share, including the revaluation loss, was HKD 0.56, compared to HKD 0.18 in the previous year, marking a 211% increase[6]. - The company reported a revenue of HKD 10,892,121,664 for the six months ending December 31, 2021, compared to HKD 4,097,517,736 for the same period in 2020, representing a significant increase[28]. - The net profit for the period was HKD 4,392,196,323, up from HKD 1,282,922,238 in the previous year, indicating a year-over-year growth of approximately 242%[30]. - The total comprehensive income for the period was HKD 4,518,664,076, compared to HKD 2,362,133,582 in the previous year, showing a strong increase[30]. - The pre-tax profit was HKD 4,225,517,118, compared to HKD 1,286,638,929 for the same period in 2020, representing a significant increase[65]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.15 per share, an increase from HKD 0.14 per share in 2020, representing a 7.14% rise[7]. - The company declared a final dividend of HKD 2.18 billion, reflecting a commitment to returning value to shareholders[35]. - The company declared an interim dividend of HKD 0.15 per share for the six months ended December 31, 2021, compared to HKD 0.14 per share for the same period in 2020, totaling HKD 1,142,268,701[61]. Property Sales and Revenue - The group's attributable property sales revenue for the interim period was HKD 84.97 billion, compared to HKD 20.11 billion in 2020, representing a significant increase[8]. - Property sales revenue reached HKD 8,685,166,816, compared to HKD 1,949,855,362 in the previous year, marking an increase of about 345.5%[46]. - Revenue from property management and other services was HKD 587,687,253, up from HKD 565,387,525, reflecting a growth of approximately 3.5%[46]. - The total income from external sources for property sales was HKD 10,069,239,444, compared to HKD 3,366,694,712 in the previous year, marking an increase of about 198.5%[46]. Assets and Liabilities - As of December 31, 2021, the group’s total assets and total equity were HKD 178.67 billion and HKD 156.59 billion, respectively[20]. - The group’s net asset value per share was HKD 20.56, down from HKD 20.98 as of June 30, 2021[20]. - The total liabilities decreased from HKD 17.97 billion to HKD 13.23 billion, a reduction of about 26.4%[31]. - The company's equity attributable to shareholders increased to HKD 156.59 billion from HKD 155.16 billion, representing a growth of about 0.9%[33]. - The group's share of total debt from its associated companies is HKD 10,596,680,653 as of December 31, 2021, compared to HKD 9,432,861,175 as of June 30, 2021, reflecting an increase of approximately 12.3%[113]. Cash Flow and Financial Position - As of December 31, 2021, the group had cash and bank deposits of HKD 42.06 billion, with net cash of HKD 38.81 billion after deducting total borrowings of HKD 3.25 billion[20]. - The net cash generated from operating activities for the six months ended December 31, 2021, was HKD 4,205,482,124, a significant increase from HKD 205,857,444 in the same period of 2020[37]. - The cash and cash equivalents at the end of the period stood at HKD 22,296,727,851, up from HKD 13,032,877,493 a year earlier[38]. - The company’s cash and cash equivalents increased to HKD 3.81 billion from HKD 3.59 billion, reflecting a growth of approximately 6.1%[31]. Operational Highlights - The group sold 98.7% of the units at Yilong Bay 8, 94% at Kaihui, and 67.5% at Silversands during the interim period[8]. - The average occupancy rate for the group's retail properties improved to approximately 91.9% from 90.6% in 2020[15]. - The average occupancy rate for the group's office properties was 89.8%, down from 91.7% in 2020, reflecting ongoing challenges in the market[15]. - The hotel operations continue to face challenges due to the impact of the COVID-19 pandemic, with recovery dependent on the easing of travel restrictions[17]. - Hotel revenue for the mid-year period reached HKD 247.7 million, up from HKD 163.5 million in 2020, with total operating profit of HKD 12.6 million compared to an operating loss of HKD 52.9 million in 2020[18]. Sustainability and Corporate Governance - The group has received multiple awards for its commitment to sustainable development and corporate governance, including the ESG Excellence Award in 2021[22]. - The company has achieved its plastic reduction target ahead of schedule as part of its "Sustainable Development Vision 2030" initiative[23]. - The company is committed to promoting sustainable development and biodiversity through its integrated green community project[23]. - The company continues to support the government's vaccination program to achieve herd immunity against COVID-19[25]. - The company has established a remuneration committee to oversee the compensation policies for all directors and senior management, ensuring transparency and regular reviews[116]. Future Outlook and Strategy - The company anticipates launching three additional residential projects in 2022, pending the issuance of pre-sale consent[8]. - The company plans to continue focusing on property development and investment strategies to enhance future growth and profitability[69]. - The company maintains a cautious optimism regarding the Hong Kong property market, citing resilience and strong fundamentals despite potential economic pressures[26]. - The company is focused on enhancing customer satisfaction through quality property development and environmentally friendly design principles[22].