Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 11.8 million, a decrease of 87.5% compared to HKD 94.2 million for the same period in 2023[7] - Gross profit for the same period was HKD 2.4 million, down 87.0% from HKD 18.4 million year-over-year[7] - Operating profit was HKD 8.9 million, slightly down from HKD 9.3 million in the previous year, representing a decrease of 4.3%[7] - The company reported a net profit attributable to equity holders of HKD 36.6 million, an increase of 2.5% from HKD 35.7 million in the prior year[9] - Earnings per share (basic and diluted) increased to HKD 5.9 cents from HKD 5.8 cents, reflecting a growth of 1.7%[7] - The company declared an interim dividend of HKD 0.12 per share, consistent with the previous year's dividend[7] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 6,382.8 million, a slight increase from HKD 6,369.0 million as of March 31, 2024[11] - The company’s total equity decreased to HKD 6,401.0 million from HKD 6,440.9 million, a decline of 0.6%[11] - Total assets as of September 30, 2024, amounted to HKD 6,701.6 million, up from HKD 6,664.4 million as of March 31, 2024[34] - Total liabilities as of September 30, 2024, were HKD 300.6 million, compared to HKD 223.5 million as of March 31, 2024, indicating an increase of 34.5%[34] - Accounts receivable and other receivables increased to HKD 33.1 million as of September 30, 2024, from HKD 26.1 million as of March 31, 2024[47] - Accounts payable aged zero to three months increased to HKD 26.7 million as of September 30, 2024, compared to HKD 7.9 million as of March 31, 2024[49] - Non-current bank loans secured increased to HKD 59.2 million as of September 30, 2024, from HKD 23.2 million as of March 31, 2024[50] - The total current assets as of September 30, 2024, were HKD 6,382.8 million, with current liabilities of HKD 236.9 million[70] Cash Flow and Financial Activities - The company reported a net cash flow from operating activities for the six months was a cash outflow of HKD 122.7 million, compared to an inflow of HKD 7.9 million in the same period last year[17] - The group reported a net cash position of HKD 1.0587 billion as of September 30, 2024, down from HKD 1.2038 billion on March 31, 2024[78] - The company’s financial expenses for the six months ended September 30, 2024, were HKD 0.4 million, compared to HKD 0.6 million in the same period of 2023, a decrease of 33.3%[31] Investment and Market Activity - Property rental income increased to HKD 6.7 million from HKD 1.0 million, representing a growth of 570%[25] - The company reported a fair value change of financial investments amounting to HKD 11.1 million for the six months ended September 30, 2024, compared to no such income in the previous year[37] - The fair value of financial investments as of September 30, 2024, was HKD 39.1 million, with listed equity securities valued at HKD 33.6 million[55] - The company reported a fair value loss of HKD 1.6 million recognized in the consolidated income statement for the six months ended September 30, 2024[61] Corporate Governance - The company adheres to the corporate governance code as per the Stock Exchange Listing Rules Appendix C1, with the exception of the roles of Chairman and CEO being held by the same individual, Mr. Chen Bin, to enhance decision-making efficiency[90] - The board believes that having the same person serve as both Chairman and CEO allows for more agile decision-making in a rapidly changing business environment, supported by a sufficient number of independent non-executive directors to maintain a balance of power[90] - The company’s articles of association state that each director, including those with a specified term, must retire at least once every three years, although the Chairman and CEO are not required to do so[93] - The board is committed to reviewing and monitoring the company's corporate governance practices to maintain high standards[94] - All directors have confirmed compliance with the securities trading standards as per the Listing Rules Appendix C3 during the reporting period[95] Strategic Developments - The group is developing a luxury residential building in Ap Lei Chau, expected to be completed by the end of 2025[71] - The sales preparation for the "Repulse Bay 108" project is progressing well, with marketing activities underway for this ultra-luxury residential project[74] - The hotel segment, particularly the Sheraton Hotel in Hong Kong, has maintained a strong performance with high occupancy rates as inbound tourism recovers[74] - The local super luxury residential market recorded significant transactions in Q2 and Q3 of 2024, indicating strong demand for rare quality properties[75] - The group has a strong balance sheet and ample cash on hand to maintain stable development and actively face future challenges[75] - The group is closely monitoring geopolitical tensions and global economic prospects, maintaining a prudent management approach to address risks and uncertainties[75] Employment and Staffing - The group employed a total of 146 staff as of September 30, 2024, with employee expenses reaching HKD 29.7 million for the first half of the fiscal year[79] Customer Concentration - The company had three major customers contributing approximately HKD 6.4 million in revenue, accounting for over 10% of total revenue[31] Dividend Information - The proposed interim dividend is HKD 0.12 per share, consistent with the dividend for the same period last year, amounting to HKD 74.1 million[45]

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 告 的 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 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （未 經 審 核） 截至 截至 30/9/2024 30/9/2023 止六個月 止六個月 附 註 港幣百萬元 港幣百萬元 收 入 2 11.8 94.2 出售成本 (9.4) (75.8) 毛 利 2.4 18.4 其他收入 3 37.8 28.4 其他虧損 4 – (9.4) 行政開支 (31.3) (28.1) 營業溢利 5 8.9 9.3 財務費用 (0.4) (0.6) 攤佔除稅後聯營公司業績 28.5 27.6 除所得稅前溢利 37.0 36.3 所得稅項支出 6 (0.4) (0.6) 本公司權益持有人應佔溢利 36.6 35.7 每股盈利（基 本 及 攤 薄），港 幣 7 5.9¢ 5.8¢ 股 息，港 幣 ...

綜合股東權益變動表 45 主要物業表 97 2 公 司資料 陳秀清 * 張永兆 * 郭志樑 * 鄺文星 * 黃志光（於2023年6月30日獲委任） 林威廉 李永修 薪酬委員會 公司秘書 註冊辦事處 4th Floor North, Cedar House, 41 Cedar Avenue, Hamilton HM12, Bermuda 銀行 匹克委員會副會長。 3 董 事及高級管理人員之簡歷 5 董 事局報告書 業績及分配 本年度本集團儲備金之變動詳列於綜合財務報表附註二十九內。 貸款 本公司於年內及本報告日期之董事為陳斌、張永兆*、郭志樑*、鄺文星*、黃志光*、林威廉、 李永修及陳秀清。 7 董 事局報告書 本公司或任何附屬公司在本年度內並無參與任何協議致令本公司董事取得本公司或其他公司之 股份或債券而獲得利益。 股份購買、出售或贖回 根據本公司得悉的公開資料，及董事所知悉，本公司於年內及本報告日已按照上市規則規定維 持指定數額的公眾持股量。 管理合約 本集團於喜來登酒店投資以權益法入賬。酒店土地及建築物採用成本法計量，根據現行會計準 則，按成本減除累計折舊後列值。 | --- | --- | --- | ...

財政報告 * 僅供識別 綜合全面收益表 截至二零二四年三月三十一日止年度 截至二零二四年三月三十一日止年度 末期業績 本 年 度 中 期 股 息 每 股 港 幣 一 角 二 仙 已 於 二 零 二 四 年 一 月 四 日 派 發。董 事 局 建 議派發末期股息每股港幣一角二仙予二零二四年九月九日已登記本公司股東 名 冊 上 之 股 東。如 此 項 建 議 於 股 東 週 年 大 會 獲 通 過，末 期 股 息 將 於 二 零 二 四 年 九 月 二 十 四 日 派 發。本 年 度 派 息 總 額 將 為 每 股 港 幣 二 角 四 仙，與 去 年 之 股 息 相 同。 – 2 – 其 他 全 面 收 益： 期 後 不 會 重 新 分 類 至 損 益 之 項 目： 應佔聯營公司之其他全面（虧 損）╱收 益 (0.6) 1.5 – 3 – – 4 – (a) 編制基準 於 年 中，本 集 團 採 納 於 二 零 二 三 ╱ 二 零 二 四 年 度 生 效 的 新 準 則 及 已 公 佈 準 則 之 修 訂： （股 份 代 號：88） 股 息 | --- | --- | --- | --- | |--------- ...

於二零二三年九月三十日，本集團在扣除貸款後之現金淨額為港幣 十二億五千七百七十萬元，而於二零二三年三月三十一日則為港幣 十二億九千六百六十萬元。 於二零二三年三月三十一日，本集團已獲批核之銀行信貸額以浮動利率計算 利息，而有關息率會定期調整。資本負債比率為百分之一點四。 於二零二三年三月三十一日，本集團以賬面值共約港幣四億零二百四十萬元 之待售物業及發展中物業作抵押，取得銀行貸款額共港幣九千零九十萬元。 上述貸款額已被動用者計為港幣八千八百萬元。 僱員及薪酬政策 除聯營公司外，本集團於香港及美國兩地僱用共一百四十七名員工。於 二零二三年九月三十日止上半年度僱員開支（不包括董事酬金）達港幣 二千八百七十萬元。本集團深明僱員為寶貴資產。本集團按年檢討僱員之薪 酬，其他僱員福利包括醫療津貼、毋須僱員供款之公積金計劃及強制性公積 金計劃。本集團亦為合資格僱員提供教育津貼。 本集團一般員工之薪酬政策乃由本集團之管理層按各員工之優點、資格及才 能而釐定。 本公司董事及高級管理人員之薪酬則由薪酬委員會根據個人職責及市場慣例 而檢討。 19 2023-2024 中期報告 董事權益 於二零二三年九月三十日，依證券及期貨條例（「 ...

* 僅供識別 – 1 – | --- | --- | --- | |---------------------------------------------------------|-----------------|-----------------------| | | （未 經 審 核） | 截至 截至 | | | | 30/9/2023 30/9/2022 | | | | 止六個月 止六個月 | | | | 港幣百萬元 港幣百萬元 | | 期內溢利╱（虧 損） | | 35.7 (33.1) | | 其他全面（虧 損）╱ 收 益︰ 已重新分類或期後可重新分類至 | | | | 損 益 之 項 目： 匯兌調整 | | (0.8) 0.7 | | 期內及本公司權益持有人應佔全面 收益╱（虧 損）總 額 | 34.9 | (32.4) | 綜合資產負債表 於二零二三年九月三十日 附 註： 編製此中期財務報表所採納之會計政策及計算方法與截至二零二三年三月三十一日止 年 度 年 報 中 所 採 用 者 一 致，惟 強 制 於 二 零 二 三 年 四 月 一 日 或 以 後 開 始 之 會 計 期 間 採 納 ...

Financial Performance - For the fiscal year ending March 31, 2023, total revenue was HKD 66.3 million, comprising HKD 55.6 million from property development and management, and HKD 10.1 million from other sources[115]. - The company reported a loss attributable to equity holders of HKD 20.0 million, with a pre-tax loss of HKD 19.6 million[115]. - The company reported a loss attributable to equity holders of HKD 20.0 million for 2023, compared to a profit of HKD 2.9 million in 2022[142]. - Earnings per share for 2023 was a loss of HKD 0.032, down from a profit of HKD 0.005 in 2022[142]. - Gross revenue from property sales for 2023 was HKD 55.6 million, down 53.4% from HKD 119.4 million in 2022[114]. - Rental income from properties decreased to HKD 0.6 million in 2023 from HKD 2.9 million in 2022, a decline of 79.3%[114]. - The company generated rental income of HKD 0.6 million, contributing to the overall revenue[115]. - The segment performance showed an operating loss of HKD 28.0 million, highlighting challenges in the property development sector[115]. - The company’s total revenue for 2023 was significantly impacted by a decrease in income from the U.S. market, which fell to HKD 56.7 million from HKD 122.6 million in 2022[145]. Assets and Liabilities - As of March 31, 2023, the total non-current assets, including interests in joint ventures, amounted to HKD 3,503.9 million, compared to HKD 3,505.7 million in 2022[20]. - The group's total assets less current liabilities were HKD 9,675.9 million in 2023, compared to HKD 10,038.0 million in 2022[20]. - The group’s total liabilities were HKD 20.4 million as of March 31, 2023, compared to HKD 130.2 million in 2022[20]. - As of March 31, 2023, total liabilities amounted to HKD 260.3 million, with HKD 140.6 million in accounts payable and other payables, and HKD 91.0 million in loans[42][46]. - The total loans amounted to HKD 880 million in 2023, compared to HKD 911 million in 2022, indicating a decrease[91]. - The total equity was HKD 6,510.3 million in 2023, down from HKD 6,676.3 million in 2022[91]. - Total assets as of March 31, 2023, were HKD 6,773.5 million, while total liabilities were HKD 263.2 million[149]. Financial Ratios and Risk Management - The asset-liability ratio, defined as the ratio of bank borrowings to equity, was maintained at a low level of 1.4% as of March 31, 2023, and March 31, 2022[26]. - The debt-to-equity ratio remained stable at 1.4% for both 2023 and 2022[91]. - The group maintains a cautious liquidity risk management strategy, ensuring sufficient cash and committed credit facilities[39]. - The group’s financial risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[35]. - A 1% increase or decrease in interest rates could result in a pre-tax loss increase or decrease of approximately HKD 600,000[52]. - A 10% change in the fair value of financial investments could lead to a pre-tax loss increase or decrease of approximately HKD 3.7 million[53]. - The company has established policies to manage various financial risks, which are regularly reviewed and improved[63]. Corporate Governance - The board of directors held four meetings and one annual general meeting during the year ending March 31, 2023[81]. - The company has established a mechanism to ensure independent opinions and suggestions are received by the board, promoting transparency in decision-making[120]. - The audit committee held two meetings during the fiscal year, with full attendance from its members, ensuring effective oversight of financial reporting and risk management[135]. - The company encourages continuous professional development for its directors to enhance their knowledge and skills[133]. - The roles of the chairman and CEO are currently held by the same individual, which the board believes enhances decision-making efficiency[134]. - The company has established a nomination committee to ensure a balanced skill set and diversity among board members, with one meeting held during the fiscal year[166]. - The company has confirmed compliance with the standard code for securities trading by all directors during the year[174]. - The company has maintained a clear organizational structure for risk management and internal controls, which has been reviewed for effectiveness[179]. Employee and Director Remuneration - The total employee expenditure (excluding director remuneration) reached HKD 58.2 million for the year ending March 31, 2023[66]. - The group employed a total of 149 employees in Hong Kong and the United States as of March 31, 2023[66]. - Employee expenses, excluding directors' remuneration, were HKD 21.0 million in 2023, slightly down from HKD 21.1 million in 2022[153]. - The total remuneration for directors for the fiscal year ending March 31, 2023, amounted to HKD 10.80 million, compared to HKD 10.13 million for the previous year, reflecting an increase of approximately 6.6%[156]. - The highest-paid employees include three directors, with total remuneration details provided in the report, indicating a consistent structure in compensation for top management[161]. - The remuneration committee held one meeting during the fiscal year, focusing on reviewing the overall compensation policy for directors and senior management[163]. - The company’s remuneration policy aims to attract and retain talented individuals, with director fees set at HKD 200,000 per director for the previous fiscal year[165]. - No retirement or termination benefits were received by directors during the fiscal year, consistent with the previous year[157]. Market and Operational Risks - The group operates in Hong Kong and the United States, facing various economic and market risks that may impact operational performance and financial condition[27]. - The group’s operational performance is influenced by various unique risks associated with real estate development, investment, and related businesses[27]. - The company has assessed existing and potential risks, including environmental and social risks, and has established management objectives to address these risks[178]. Shareholder and Dividend Information - The company maintained a consistent dividend of HKD 0.24 per share for both 2023 and 2022[142]. - The company plans to propose a final dividend of HKD 0.12 per share, maintaining the total dividend for 2023 at HKD 148.2 million, consistent with 2022[192].

截至二零二三年三月三十一日止年度 末期業績 財政報告 本人謹此報告截至二零二三年三月三十一日止年度（「本 年 度」）本 集 團 業 績。本 年 度 已 審 核 本 公 司 權 益 持 有 人 應 佔 集 團 虧 損 為 港 幣 二 千 萬 元，而 去 年 之 溢 利 則 為 港 幣 二 百 九 十 萬 元。 本 集 團 本 年 度 業 績 轉 盈 為 虧，主 要 由 於 上 年 度 確 認 按 公 允 價 值 透 過 損 益 記 賬 之 金 融 投 資 收 益 港 幣 五 千 零 一 十 萬 元，而 本 年 度 則 無 錄 得 投 資 收 益，即 使 本 年 度 利 息 收 入 有 所 增 加。 儘 管 上 述 所 言，本 集 團 於 二 零 二 三 年 三 月 三 十 一 日 之 綜 合 財 務 報 表 顯 示 本 集 團 現 金 狀 況 強 勁，資 產 負 債 比 率 維 持 於 低 水 平。董 事 局 認 為 本 集 團 整 體 財 務 狀 況 依 然 良 好 和 穩 健。 股 息 本 年 度 中 期 股 息 每 股 港 幣 一 角 二 仙 已 於 二 零 二 三 年 一 月 五 日 派 發。董 事 局 ...

Tai Cheung Holdings Limited (INCORPORATED IN BERMUDA WITH LIMITED LIABILITY) (Stock Code: 88) 2022-2023 INTERIM REPORT 大昌集團有限公司 2022-2023 （股份代號：88） (於百慕達註冊成立之有限公司） 年度中期報告 2022-2023 中期報告 公司資料 註冊辦事處 4th Floor North, Cedar House, 41 Cedar Avenue, Hamilton HM12, Bermuda 董事局 陳斌 主席及董事總經理 陳秀清 * 張永兆 * 郭志樑 * 鄺文星 林威廉 李永修 總辦事處 香港中環遮打道三號A 香港會所大廈二十樓 電話：(852) 2532 2688 傳真：(852) 2810 4108 網址：www.taicheung.com * 獨立非執行董事 審核委員會 郭志樑 委員會主席 陳秀清 張永兆 鄺文星 股份過戶登記處 MUFG Fund Services (Bermuda) Limited 4th Floor North, Cedar House, 4 ...

大昌集團 有限公司 (於百慕達註冊成立之有限公司） (股份代號：88) 二零二二年度年報 目 錄 財務摘要 1 公司資料 2 董事及高層管理人員之簡歷 3 董事局報告書 5 企業管治報告 13 環境、社會及管治報告 24 董事局主席報告書 38 綜合利潤表 41 綜合全面收益表 42 綜合資產負債表 43 綜合股東權益變動表 45 綜合現金流量表 46 綜合財務報表附註 47 獨立核數師報告 93 主要物業表 97 五年財務概要 98 1 財 務摘要 | --- | --- | --- | --- | |-----------------------------------|---------------------|-------------------|------------| | | 2022 \n港幣百萬元 | 2021 \n港幣百萬元 | 百分比轉變 | | 本公司權益持有人應佔溢利╱（虧損） | 2.9 | (28.2) | N/A | | 股息 | 148.2 | 148.2 | – | | 總權益 | 6,676.3 | 6,822.9 | -2% | | | | | | | 每股盈利╱（虧 ...