2025年，*ST吉药整体经营状况并未好转。今年一季度，公司实现营收6374.36万元，同比下降15.53%； 归母净利润亏损4517.46万元，亏损幅度较上年同期增大。 *ST吉药（300108）5月28日晚公告，公司股票已被深交所决定终止上市，将于5月29日摘牌。此前， *ST吉药在3月26日至4月23日期间，连续20个交易日股票收盘价均低于1元，触及交易类强制退市情 形。 公告称，公司应当在股票被终止上市后及时做好相关工作，以确保公司股份在摘牌后四十五个交易日内 可以进入全国中小企业股份转让系统有限责任公司依托原证券公司代办股份转让系统设立并代为管理的 两网公司及退市公司板块挂牌转让。 公告显示，*ST吉药已聘请山西证券股份有限公司担任公司主办券商，并与其在5月27日签订《委托股 票转让协议》，委托其为公司提供股份转让服务，办理交易所市场的股份退出登记、股份重新确认、退 市板块的股份初始登记、股票挂牌及提供股份转让服务等相关事宜。 Wind数据显示，今年以来，截至停牌前，*ST吉药股价累计跌幅为83.59%。 经营业绩连年亏损 *ST吉药前身为双龙股份。2014年，双龙股份通过重组金宝药业进入医药领域。 ...

Property Development and Investment - The Group's property development and investment projects, including Guorui Square Block B in the PRC and Juxon House in London, significantly contributed to its growth during the year[11]. - The Group aims to enhance its income base through stable rental incomes generated from properties acquired in recent years[15]. - Future investments will focus on property management and services in core cities globally, leveraging strengths in asset management and community operation[16]. - The Group plans to develop an integrated ecosystem encompassing "intelligent real estate and digital healthcare," targeting family doctors and community healthcare services[16]. - The management team is committed to maintaining a prudent approach in capturing investment opportunities in international markets such as the USA and Europe[15]. - The Group's strategy includes the potential divestment of investments that yield decent returns[15]. - The business portfolio will continue to be optimized and rationalized to support future development and growth[18]. - The Group's focus remains on executing existing projects to enhance operational performance and facilitate development[15]. - The Group's property management services in the PRC have been a significant contributor to its overall performance[12]. - As of December 31, 2024, AOCEAN managed 18 major residential and commercial property projects located in the PRC[23]. - The Santa Monica project has a total site area of approximately 40,615 square feet, with 91% of the commercial area and 97% of the residential area leased out during the year[29]. - The Culver City project allows for the development of 139 residential units, with construction having started in September 2021[30]. - Juxon House, located in London, contributed approximately £5.8 million in rental income for the year[36]. - The Group holds all units in Guorui Square Block B, with a gross floor area of approximately 68,685 square meters for office use[37]. - The property management segment operates primarily in the PRC, while the property development and investment segment operates in the PRC, USA, and UK[22]. - The Group plans to optimize and rationalize its business portfolio by 2025 to drive future growth[20]. - The Group aims to diversify its property development operations in the USA through strategic projects like Culver City[31]. Financial Performance - The Group generated revenue of approximately HK$310,017,000 for the year ended 31 December 2024, a decrease of 12.1% compared to HK$352,640,000 for the year ended 31 December 2023[41]. - The Group recorded a loss of approximately HK$919,344,000 for the year, significantly higher than the loss of approximately HK$129,307,000 in the previous year, primarily due to a fair value loss of investment properties of approximately HK$618,718,000[41][44]. - Total assets decreased to approximately HK$5,423,471,000 as of 31 December 2024, down from HK$6,412,623,000 as of 31 December 2023[40]. - The gearing ratio increased to 110.7% as of 31 December 2024, compared to 74.5% as of 31 December 2023, mainly due to a decrease in net assets[43]. - The outstanding balance of bank and other borrowings was approximately HK$2,605,486,000 as of 31 December 2024, a slight decrease from HK$2,650,828,000 as of 31 December 2023[42]. - Available cash and bank balances decreased to approximately HK$193,151,000 as of 31 December 2024, down from HK$305,556,000 as of 31 December 2023[43]. - The total remuneration for employees increased to approximately HK$86,742,000 for the year, compared to approximately HK$73,376,000 in the previous year, reflecting a growth of 18.5%[47]. - Investment properties and properties held for sale amounted to approximately HK$4,603,293,000 as of 31 December 2024, down from approximately HK$5,483,381,000 as of 31 December 2023[55]. - Certain trade and lease receivables of approximately HK$61,324,000 were pledged to secure bank and other loans as of 31 December 2024, an increase from approximately HK$48,031,000 in the previous year[56]. - The Board resolved not to declare any final dividend for the year, consistent with the previous year[50]. - As of December 31, 2024, the Group had contracted but not provided for commitments for construction in progress for an investment property amounting to approximately HK$59,439,000, down from approximately HK$70,301,000 as of December 31, 2023[58]. - The Group had no material contingent liabilities as of December 31, 2024, consistent with the previous year[60]. - The total number of outstanding share options under the Share Option Scheme is 30,000,000, representing approximately 0.9% of the total number of issued shares of the Company[63]. - No significant investments, acquisitions, or disposals of subsidiaries, associates, and joint ventures were made during the year[61]. - The Group plans to continue focusing on property development and investment, as well as relevant asset management services, to create value for shareholders[71]. Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG report emphasizes the importance of materiality, quantitative analysis, balance, and consistency in its reporting practices[83]. - The Board is responsible for overseeing ESG issues and evaluates the Group's performance against ESG-related targets at least annually[90]. - The Group has established a CSR Policy to integrate corporate social responsibility into its business strategy, focusing on marketplace, workplace, community, and environment[92]. - Environmental targets were set for the first time in 2021, covering emissions reduction, waste management, and resource conservation[92]. - The ESG Working Group, consisting of senior management, is tasked with implementing ESG measures and reporting to the Board at least annually[91]. - The Group aims to achieve carbon neutrality in response to the PRC government's goals and stakeholder expectations[92]. - The report includes a complete index for easy reference, ensuring transparency and accessibility of information[83]. - The Group's approach to ESG reporting has remained consistent with the previous year, with specific changes noted regarding GHG emissions and energy calculations[85]. - The Group has established an Environmental, Social, and Governance (ESG) Working Group that reports to the Board at least annually, responsible for implementing ESG measures and analyzing related data[94]. - The Group's Corporate Social Responsibility (CSR) policy aims to integrate CSR into business strategies, focusing on sustainable value creation in economic, social, and environmental aspects[95]. - The Group set environmental targets in 2021 to align with China's "carbon neutrality" goal, focusing on emissions reduction, waste management, and resource conservation[95]. - The Group engages with stakeholders continuously to understand their views and collect feedback, ensuring sustainable growth and long-term value[100]. - The materiality assessment identifies key ESG issues such as "quality of working environment," "environmental protection," and "community contributions," which are reviewed annually[109]. - The Group's material ESG issues will remain unchanged for 2024, reflecting stable business development and industry standards[114]. - The Group conducts annual reviews of the materiality assessment results, which are approved by the Board and the ESG Working Group[113]. - Key ESG issues influencing stakeholder assessments include emissions control, waste management, energy conservation, and employee remuneration[115]. - The Group emphasizes high-quality services, rigorous supply chain management, and ethical practices as part of its sustainability commitment[97]. - The Group's sustainability strategy is rooted in a people-oriented approach, aiming to enhance environmental sustainability and support disadvantaged community groups[98]. Waste and Resource Management - The Group generated approximately 5.04 kg of non-hazardous waste per 1,000 m² in 2024, down from 5.40 kg per 1,000 m² in 2023[133]. - The Group aims to reduce non-hazardous waste intensity by at least 2% by 2026 compared to the 2020 level of approximately 14.69 kg/1,000 m²[133]. - The total chargeable area for property management increased from approximately 1,539,316.41 m² in 2023 to 1,668,350.55 m² in 2024[127]. - The number of households managed increased from approximately 14,934 units in 2023 to 16,089 units in 2024[127]. - The Group plans to continue monitoring GHG emissions and set new targets for reduction activities[128]. - The Group set a target to reduce non-hazardous waste density by at least 2% from the 2020 level of approximately 14.69 kg/1,000 m² by 2026, achieving a current density of approximately 5.04 kg/1,000 m², down from 5.40 kg/1,000 m² in 2023[134]. - The total amount of non-hazardous waste for 2024 is reported at 8.41 tonnes, a 1% increase from 8.32 tonnes in 2023[136]. - The average non-hazardous waste per household decreased by 6% to 0.52 kg/household in 2024 from 0.56 kg/household in 2023[136]. - The average non-hazardous waste intensity by area decreased by 7% to 5.04 kg/1,000 m² in 2024 from 5.40 kg/1,000 m² in 2023[136]. Energy and Water Management - The Group consumed approximately 17.43 MWh of energy per 1,000 m² chargeable area in the current year, representing a decrease of approximately 5% from 18.44 MWh/1,000 m² in 2023[144]. - The Group encourages employees to classify waste and promotes a "paperless" office initiative to enhance waste reduction awareness[137]. - The Group implements environmental protection policies including green management and the use of environmentally friendly equipment to reduce emissions[139]. - The Group aims to promote waste reduction practices among external stakeholders, encouraging the use of eco-friendly bags and recycling[138]. - The Group has established plans for energy and water saving, including maintaining air conditioning temperatures at 26ºC in summer and 22ºC in winter[141]. - The Group plans to install energy-efficient systems and promote environmental awareness training for employees[143]. - Direct energy consumption decreased significantly, with petrol down 57% to 10.84 MWh and diesel down 67% to 5.31 MWh[146]. - Total energy consumption decreased by 11% to 691.17 MWh, while indirect energy consumption increased by 3% to 28,384.41 MWh[146]. - The average energy consumption per household decreased by 5% to 1.81 MWh[146]. - Water consumption increased by 2% to 218,004 m³, while water consumption intensity per area decreased by 6% to 130.67 m³/1,000 m²[155]. - The Group aims to reduce water consumption intensity by at least 2% by 2026 compared to 2020 levels[152]. - The Group has implemented various water conservation measures, including rainwater recycling and automatic faucets[151]. - The introduction of an IoT system for lighting control aims to improve energy efficiency[149]. - The Group has set a target to organize energy consumption control activities annually to raise employee awareness[148]. Employee and Workplace Management - The Group maintains a workplace culture of equality and diversity, ensuring employee well-being and safety[175]. - There were no reported non-compliance incidents with relevant labor laws in the operating locations during the year[176]. - The Group offers competitive remuneration and welfare packages to attract and retain talent, including various benefits such as social insurance and housing provident fund contributions[181]. - As of December 31, 2024, the Group had a total of 428 employees, up from 305 in 2023, indicating a significant increase in workforce[182]. - The employee turnover rate for the year was approximately 52.80%, a substantial rise from 15.08% in 2023[182]. - The average training hours per employee were approximately 32.07 hours in 2024, slightly down from 36.00 hours in 2023, with 100% of staff receiving training[200]. - The number of days lost due to work injuries increased to 180 days in 2024, compared to 98 days in 2023[193]. - The Group's employee distribution by gender in 2024 was 108 males and 287 females, reflecting a gender ratio of approximately 27% male to 73% female[184]. - The Group's employee distribution by age shows a notable increase in employees aged 21-30, from 66 in 2023 to 90 in 2024[189]. - The Group's senior management category saw an increase from 42 employees in 2023 to 80 in 2024, indicating a focus on strengthening leadership[186]. - The Group has implemented health and safety measures, achieving OHSAS18001:2007 certification, to enhance workplace safety[192]. - The Group did not report any work-related fatalities over the past three years, maintaining a focus on employee safety[193]. - The Group's commitment to a diversified workplace includes regular performance assessments to inform salary adjustments and performance pay[199].

因连续20个交易日股票收盘价均低于1元，*ST吉药（300108.SZ）已触及面值退市条件。 4月23日晚间，*ST吉药公告称，截至2025年4月23日，公司股票已连续20个交易日收盘价低于1元，将 被终止上市，将自2025年4月24日（星期四）开市起停牌。 值得注意的是，在连续下跌后，*ST吉药最新股价仅报0.21元/股，年内累计暴跌83.59%。 近日A股市场面值退市案例明显增加，还有部分公司股票开始跌破1元，或逐渐向1元靠近。 *ST吉药触及面值退市条件周四起停牌 4月23日晚间，*ST吉药（300108.SZ）发布关于公司股票将被终止上市暨停牌的风险提示公告。 2025年以来，*ST吉药股价整体呈现下跌趋势，并在4月中旬开始加速跌势，近些交易日更是频频跌 停，年内该股累计已下跌83.59%。 由于触及交易类强制退市情形的股票不进入退市整理期，4月23日或将是该股在A股市场的最后一个交 易日，当天其成交明显放量，全天成交接近4000万元，成交量超192万手，是此前交易日的数倍。 *ST吉药全称为吉药控股集团股份有限公司。根据公司官网资料介绍，公司是主营业务以医药工业（中 西成药生产）、医药商业（批发、代 ...

又一公司或已提前锁定面值退市 4月21日，*ST吉药(300108.SZ)股价再度跌停，报0.30元，这是该股连续第18个交易日股票收盘价低于1元，据记者测算，即便后续两个交易日收盘涨停， 该股股价也回不到1元以上，将触及面值退市规定。 根据《深圳证券交易所创业板股票上市规则》第10.2.1条的规定，若公司出现连续二十个交易日的股票收盘价均低于1元，公司股票将被终止上市。 近期A股市场面值退市公司明显增多。 *ST吉药(300108.SZ)公司全称为吉药控股集团股份有限公司。根据公司官网资料介绍，公司主营业务以医药工业(中西成药生产)、医药商业(批发、代 理)、医药零售、医疗医养(以医疗结合的养老服务)等医药大健康产业为核心的集团化企业。 4月21日，*ST吉药（300108）(300108.SZ)股价再度跌停，连续第18个交易日股票收盘价低于1元，或已提前锁定面值退市。 从公司披露的财务数据来看，公司近年已陷入连续亏损。根据公司此前披露的2024年度业绩预告，公司预计2024年度归属于上市公司股东的净利润为亏损 5亿元—8.5亿元，预计2024年度期末净资产为-11.8亿元—-8.3亿元(未经审计)。如果公 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 352,640,000, an increase from HKD 310,017,000 in 2023, representing a growth of approximately 13.7%[2] - Other income rose significantly to HKD 65,100,000 from HKD 34,999,000, marking an increase of about 86.5%[2] - The company reported a pre-tax loss of HKD 967,508,000 for 2024, compared to a pre-tax loss of HKD 69,947,000 in 2023, indicating a substantial decline in performance[3] - The net loss attributable to shareholders for the year was HKD 918,501,000, compared to HKD 129,307,000 in the previous year, reflecting a significant increase in losses[3] - Basic and diluted loss per share for the year was HKD 28.71, compared to HKD 4.04 in 2023, highlighting a deterioration in earnings per share[3] - The comprehensive loss for the year amounted to HKD 974,456,000, up from HKD 152,916,000 in 2023, indicating a worsening overall financial position[4] - The total comprehensive loss attributable to shareholders was HKD 973,613,000, compared to HKD 152,916,000 in the prior year, showing a significant increase in comprehensive losses[4] - The group reported a net other income of HKD 34,966,000 in 2024, an increase from HKD 30,723,000 in 2023[27] - The total income tax expense for the year ended December 31, 2024, was a net expense of HKD (48,164,000), compared to an income tax expense of HKD 59,360,000 for the year ended December 31, 2023[9]. Assets and Liabilities - As of December 31, 2024, total non-current assets amounted to HKD 4,470,406,000, a decrease of 16.3% from HKD 5,346,804,000 in 2023[5] - Current assets totaled HKD 953,065,000, down 10.6% from HKD 1,065,819,000 in the previous year[5] - Total current liabilities increased to HKD 1,252,092,000, up 6.3% from HKD 1,178,499,000 in 2023[6] - The net current liabilities stood at HKD 299,027,000, reflecting a significant increase from HKD 112,680,000 in the prior year[13] - Total non-current liabilities were reported at HKD 2,038,869,000, a decrease of 4.3% from HKD 2,131,832,000 in 2023[6] - The company's total equity decreased to HKD 2,132,510,000, down 31.2% from HKD 3,102,292,000 in the previous year[6] - Cash and cash equivalents decreased to HKD 193,151,000, a decline of 36.7% from HKD 305,556,000 in 2023[5] - Total assets as of December 31, 2024, were approximately HKD 5,423,471,000, down from HKD 6,412,623,000 in 2023[50] - The company’s net assets decreased to approximately HKD 2,132,510,000 in 2024 from HKD 3,102,292,000 in 2023[50] - The capital liquidity ratio dropped to 0.15 in 2024 from 0.26 in 2023, indicating a decline in cash and cash equivalents relative to current liabilities[50] Operational Highlights - The company is engaged in property development and investment in the UK, the US, and mainland China, as well as providing property management services in mainland China[12] - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[2] - The property development and investment segment reported a loss of HKD 936,788,000 in 2024, compared to a loss of HKD 99,330,000 in 2023[22] - Revenue from property management services decreased to HKD 168,895,000 in 2024 from HKD 203,412,000 in 2023, representing a decline of 17.0%[27] - Revenue from external clients in mainland China was HKD 226,700,000 in 2024, down from HKD 273,013,000 in 2023, a decrease of 16.9%[25] - The group recognized a loss of HKD 934,841,000 from the fair value of investment properties in 2024, compared to a loss of HKD 316,123,000 in 2023[24] - The company managed 18 large residential and commercial property projects in China as of December 31, 2024, through its wholly-owned subsidiary, Beijing Aoxi Property Management Co., Ltd.[44] Financing and Capital Structure - The company has repaid £10,000,000 (approximately HK$98,014,000) of bank loans as a remedial action for non-compliance with financial covenants[14] - An additional £10,000,000 (approximately HK$98,014,000) was deposited into a designated remedial account in March 2025[14] - The company obtained shareholder loans totaling £16,000,000 (approximately HK$157,823,000) from the chairman to repay part of the bank loans[14] - The company secured shareholder loan financing of HK$200,000,000 from Hong Rui International Investment (Hong Kong) Limited, with HK$109,248,000 remaining undrawn as of December 31, 2024[14] - The group incurred financial expenses totaling HKD 155,065,000 in 2024, an increase from HKD 148,094,000 in 2023[28] - The group had restricted cash of approximately HKD 118,155,000 as of December 31, 2024, down from approximately HKD 184,693,000 as of December 31, 2023[59] Governance and Compliance - The company adhered to the corporate governance code throughout the year, with a noted exception regarding the roles of the chairman and CEO being held by the same individual[67] - The audit committee reviewed the annual performance and had no objections to the company's accounting policies and internal controls[70] - The audit committee consists of three independent non-executive directors as of December 31, 2024[70] - The company published its performance on the Hong Kong Stock Exchange and its own website[74] - The company has complied with the listing rules regarding the conduct of its directors throughout the year[69] - The independent non-executive directors attended the annual general meeting held on June 28, 2024[68] Future Outlook - The group plans to continue focusing on property development and investment, aiming to create value for shareholders through careful investment strategies in international markets such as the US and Europe[64] - The group will enhance its investment in property management and related services in global core cities, emphasizing a "smart real estate + digital healthcare" ecosystem[65] - The company plans to lease or sell certain units in the Guorui Plaza B, which has a total floor area of approximately 68,685 square meters[49] - The Culver City project is expected to diversify investment opportunities in the U.S. property development sector, with plans for 139 residential units[47]

Operational Segments - For the six months ended June 30, 2024, GR Life Style Company Limited operated in two reportable segments: property management and property development and investment[5]. - As of June 30, 2024, the property management segment managed 17 major residential and commercial property projects in the PRC[6]. - The property management services include heating supply, maintenance services, and general management services for various properties[6]. - The property development and investment segment operates in the PRC, USA, and UK, indicating a diversified geographical presence[5]. - The Group is organized into two reportable operating segments: property development and investment, and property management, focusing on markets in the UK, USA, and Chinese Mainland[75]. Financial Performance - The Group's revenue for the six months ended June 30, 2024, was HK$178,214,000, an increase from HK$169,507,000 in the same period of 2023, representing a growth of approximately 4.2%[16]. - Profit for the period was HK$282,000 compared to HK$39,275,000 in the previous year, indicating a significant decline[16]. - Total assets as of June 30, 2024, were HK$6,373,925,000, a slight decrease from HK$6,412,623,000 as of December 31, 2023[16]. - Total liabilities increased to HK$3,330,402,000 from HK$3,310,331,000, reflecting a rise in financial obligations[16]. - Net assets decreased to HK$3,043,523,000 from HK$3,102,292,000, indicating a reduction in the company's equity[16]. - The Group recorded a profit of approximately HK$282,000, a significant decrease from HK$39,275,000 for the six months ended 30 June 2023, primarily due to the absence of remeasurement gains[17]. - Total comprehensive loss for the period attributable to shareholders was HK$61,899,000, compared to a loss of HK$29,344,000 in the previous year[59]. - Basic earnings per share for the period was HK$0.01, down from HK$1.23 in the same period last year[58]. Revenue Breakdown - The property management segment reported revenue of approximately HK$94,068,000, down from HK$103,821,000 for the same period last year, indicating a decrease of approximately 9.3%[17]. - The property development and investment segment reported revenue of approximately HK$84,146,000, an increase from HK$65,686,000, reflecting a growth of approximately 28.0%[17]. - Revenue from property management services was HK$93,542,000 for the six months ended June 30, 2024, down from HK$103,159,000 in the same period of 2023, a decrease of about 9.0%[90][93]. - Gross rental income from investment property operating leases was HK$84,146,000 for the six months ended June 30, 2024, compared to HK$65,686,000 in the same period of 2023, an increase of approximately 28.0%[90][93]. Assets and Liabilities - The total number of employees increased to 468 as of 30 June 2024, compared to 402 on 30 June 2023, representing a growth of approximately 16.4%[21]. - The total remuneration for employees during the period was approximately HK$49,656,000, up from HK$39,198,000 for the six months ended 30 June 2023, indicating an increase of about 26.5%[21]. - The total number of shares that may be issued in respect of share options granted under all schemes during the period was approximately 0.5% of the weighted average number of shares in issue[48]. - The total number of outstanding share options under the Share Option Scheme is 30,000,000, representing approximately 0.9% of the total number of issued shares of the Company[48]. - The total gross trade and lease receivables as of 30 June 2024 amount to HK$218,844,000, an increase from HK$205,423,000 as of 31 December 2023[110]. Debt and Financing - The net debt as of June 30, 2024, was HK$2,768,365,000, up from HK$2,658,490,000, showing an increase in leverage[16]. - The capital liquidity ratio decreased to 0.20 from 0.26, suggesting a decline in short-term financial health[16]. - The gearing ratio rose to 91.0% from 85.7%, indicating a higher level of debt relative to equity[16]. - The Group's secured bank and other loans are backed by investment properties valued at HK$5,304,620, properties held for sale at HK$156,056, and lease receivables at HK$54,822 as of 30 June 2024[131]. - The Group has utilized HK$89,938,000 of a shareholder loan facility of HK$200,000,000 as of June 30, 2024[128]. Share Options and Equity - A total of 30,000,000 share options were granted to an employee on April 28, 2023, with a vesting period of one year and an original exercise price of HK$0.922 per share[142]. - The fair value of the share options granted was HK$9,709,000, with HK$3,130,000 recognized as a share option expense during the period[142]. - The total number of shares issued to each participant in any 12-month period shall not exceed 1% of the total number of shares in issue[41]. - The total interests of Wintime Company Limited and its controlled entities represent a substantial portion of the company's equity[36]. Corporate Governance - The Company has complied with the Corporate Governance Code throughout the Period, except for the roles of chairman and chief executive being held by the same individual[49]. - The audit committee, responsible for reviewing financial reporting and internal controls, comprises three independent non-executive Directors as of 30 June 2024[53]. - The Company has adopted the Model Code for directors' securities transactions and confirmed compliance throughout the Period[52]. Future Strategies - Future strategies may include further expansion in property management and development sectors, although specific plans are not detailed in the provided content[5]. - The Group will continue to focus on property development and investment, aiming to create value for shareholders while maintaining a prudent investment approach in international markets[27]. - Future investments will also target property management and opportunities in health, green energy, and elderly care industries, aligning with the Group's diversification strategy[28].

Financial Performance - The group's revenue for the six months ended June 30, 2024, was approximately HKD 178.2 million, an increase of about 5.1% compared to HKD 169.5 million for the same period in 2023[2]. - The group's profit before tax for the period was approximately HKD 700,000, a decrease of about HKD 45.9 million from HKD 46.6 million in the same period of 2023[2]. - The profit attributable to shareholders for the period was approximately HKD 300,000, down from HKD 39.3 million in the same period of 2023[2]. - The group reported a comprehensive loss attributable to shareholders of approximately HKD 61.9 million for the period, compared to a loss of HKD 29.3 million in the same period of 2023[5]. - The group incurred finance costs of approximately HKD 68.1 million for the period, compared to HKD 62.6 million in the same period of 2023[3]. - The total revenue for the property development and investment segment was HKD 84,146,000 for the six months ended June 30, 2024, compared to HKD 65,686,000 for the same period in 2023, representing a growth of 28.1%[14]. - The total revenue for the property management segment was HKD 94,068,000 for the six months ended June 30, 2024, down from HKD 103,821,000 in the same period of 2023, indicating a decline of 9.4%[14]. - The adjusted profit before tax for the property development and investment segment was HKD 9,585,000 for the six months ended June 30, 2024, compared to HKD 34,018,000 for the same period in 2023, reflecting a decrease of 71.8%[14]. - The group recorded a profit of approximately HKD 282,000 for the six months ended June 30, 2024, a significant decrease from HKD 39,275,000 for the same period in 2023[48]. Assets and Liabilities - Total non-current assets as of June 30, 2024, amounted to approximately HKD 5,327.5 million, a slight decrease from HKD 5,346.8 million as of December 31, 2023[6]. - Current assets totaled approximately HKD 1,046.4 million as of June 30, 2024, compared to HKD 1,065.8 million as of December 31, 2023[6]. - Total liabilities as of June 30, 2024, were approximately HKD 2,102.1 million, down from HKD 2,131.8 million as of December 31, 2023[7]. - The net assets attributable to shareholders as of June 30, 2024, were approximately HKD 3,043.5 million, a decrease from HKD 3,102.3 million as of December 31, 2023[8]. - Total assets amounted to HKD 6,373,925,000, while total liabilities were HKD 3,330,402,000 as of June 30, 2024[47]. - The outstanding balance of bank and other borrowings was approximately HKD 2,641,045,000, a decrease from HKD 2,650,828,000 as of December 31, 2023[49]. - The group had cash and bank balances of approximately HKD 243,127,000 as of June 30, 2024, down from HKD 305,556,000 as of December 31, 2023[49]. - The carrying value of completed investment properties as of June 30, 2024, was HKD 5,304,620,000, slightly down from HKD 5,323,355,000 as of January 1, 2024[28]. - Trade and lease receivables totaled HKD 218,844,000 as of June 30, 2024, compared to HKD 205,423,000 as of December 31, 2023, representing an increase of approximately 6.5%[30]. - The impairment loss on trade and lease receivables was HKD 39,061,000 as of June 30, 2024, compared to HKD 35,390,000 as of December 31, 2023, indicating an increase of about 7.5%[30]. Financial Position and Ratios - The debt-to-equity ratio was 91.0% as of June 30, 2024, compared to 85.7% in the same period last year[47]. - The company's overdue receivables amounted to HKD 86,067,000 as of June 30, 2024, compared to HKD 89,592,000 as of December 31, 2023, reflecting a decrease of approximately 2%[31]. - Trade payables stood at HKD 179,783,000 as of June 30, 2024, up from HKD 170,033,000 as of December 31, 2023, indicating an increase of about 5.2%[31]. - The total outstanding principal amount of perpetual convertible bonds was HKD 1,168,059,000 as of June 30, 2024[35]. Corporate Governance and Compliance - The accounting policies adopted for the preparation of the unaudited interim consolidated financial information are consistent with those used for the annual consolidated financial statements for the year ended December 31, 2023[12]. - The company has submitted its annual consolidated financial statements for the year ended December 31, 2023, to the Companies Registry, and the auditor's report did not contain any reservations[10]. - The financial information presented does not include all the information and disclosures required in the annual financial statements[10]. - The group has not applied any new standards or interpretations that have been issued but are not yet effective for the current accounting period[12]. - The financial information is unaudited but has been reviewed by the company's audit committee[11]. Future Outlook and Strategy - The group plans to focus on expanding its property management services in mainland China, aiming to enhance revenue streams from this segment in the future[14]. - The group will continue to focus on property development and investment, as well as related asset management services, to create value for shareholders[58]. - The group has successfully entered the Los Angeles and London real estate markets, establishing a foothold for future income generation through long-term capital appreciation and redevelopment potential[58]. - Future investments will also target property management and other services, with a focus on health, green energy, and elderly care industries, aiming for integrated development in "living, health, and lifestyle"[58]. - The board believes that the stable rental income generated from properties acquired and existing projects will expand the group's revenue base[58]. Employee and Compensation - The total number of employees (excluding directors) increased to 468 as of June 30, 2024, compared to 402 as of June 30, 2023[52]. - The total employee compensation for the period was approximately HKD 49,656,000, up from HKD 39,198,000 for the six months ended June 30, 2023[52]. - The group did not declare any interim dividends for the period[53]. Investment and Acquisitions - The company issued 30,000,000 stock options on April 28, 2023, with an exercise price of HKD 0.922 per share, and the fair value of these options was HKD 9,709,000[38]. - The company plans to continue its stock option plan, which is effective for ten years from the adoption date, incentivizing qualified participants[38]. - The company reported interest expenses related to perpetual convertible bonds of HKD 46,535,000 for the six months ended June 30, 2024[35]. - The fair value of the perpetual convertible bonds issued for the acquisition of Wise Expert was HKD 1,130,568,000[36]. - The group had no significant contingent liabilities as of June 30, 2024, and had commitments for investment properties under construction amounting to approximately HKD 29,764,000[55]. - No significant investments or major acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the period[56].

Water Consumption and Conservation - The Group aims to reduce water consumption intensity by at least 2% by 2026 compared to 2020 levels, which were approximately 83.45 m3/1,000 m2[4] - In the current year, the Group's water consumption was approximately 139.19 m3 per 1,000 m2, representing a 40% increase from 99.49 m3 per 1,000 m2 in 2022[4] - The Group has implemented various water conservation measures, including a water card system in public toilets and pressure reducing valves to control water volume[7] - The Group has not encountered any significant issues in sourcing water and does not impact groundwater or natural water resources[5] Energy Consumption and Management - The Group has established a target for energy consumption control activities to raise employee awareness about energy conservation, with at least one event held annually[1] - The Group's greenhouse gas emission intensity per square meter increased from 8.59 kg CO2e in 2022 to 12.68 kg CO2e in 2023, primarily due to increased electricity usage and a decrease in total chargeable area[146] - Energy consumption per 1,000 square meters increased by approximately 12% to 18.44 MWh in 2023 from 16.42 MWh in 2022[188] - The Group aims to monitor energy consumption and organize annual activities to promote energy-saving awareness among employees[190] - The company implemented an Internet of Things system to enhance energy efficiency through AI-controlled lighting[200] Property Development and Investment - The Group's management team is focused on leveraging its experience in property development and investment to create greater returns for shareholders[34] - The Group's property management services and development projects have significantly contributed to its growth, including projects in the PRC and internationally[34] - The Group aims to diversify its investments in international markets, particularly in the USA and UK, to achieve reasonable returns for shareholders[35] - The Group's property development and investment segment operates in the USA, UK, and PRC[53] - The Group will continue to execute existing projects and enhance operating performance while exploring divestment opportunities[35] Financial Performance - The Group generated revenue of approximately HK$352,640,000 for the year ended 31 December 2023, a slight increase from HK$352,276,000 in 2022[81] - The property management segment reported revenue of approximately HK$204,622,000, down from HK$218,608,000 in the previous year, while the property development and investment segment increased to approximately HK$148,018,000 from HK$133,668,000[81] - The Group recorded a loss of approximately HK$129,307,000 for the year, significantly reduced from a loss of HK$320,126,000 in 2022[81] - Total assets increased to approximately HK$6,412,623,000 as of 31 December 2023, compared to HK$6,240,058,000 in 2022[81] Environmental, Social, and Governance (ESG) Initiatives - The Group's sustainable operational strategy focuses on enhancing environmental sustainability and ensuring high-quality services[110] - The Group's ESG Report aims to provide a balanced representation of its corporate social responsibility efforts during the year ended December 31, 2023[108] - The Group's Board is responsible for overseeing ESG issues and reviews performance against ESG-related targets at least once a year[128] - The Group established environmental targets for the first time in 2021, focusing on emissions reduction, waste management, and resource conservation[128] Waste Management - The Group generated approximately 5.40 kg of non-hazardous waste per 1,000 m² in 2023, down from approximately 6.68 kg per 1,000 m² in 2022, mainly due to the promotion of a paperless office[165] - The Group aims to reduce non-hazardous waste intensity by at least 2% by 2026 compared to the 2020 level of approximately 14.69 kg per 1,000 m²[165] - Total non-hazardous waste decreased by 23% from 10.77 tonnes in 2022 to 8.32 tonnes in 2023[192] - Non-hazardous waste intensity per household decreased by 21% from 0.71 kg/household in 2022 to 0.56 kg/household in 2023[192] Employee and Workplace Safety - The Group's subsidiary has obtained the OHSAS18001:2007 certification to enhance workplace safety management[26] - The Group aims to provide a healthy and safe working environment, with a focus on employee well-being and safety[26] - The total number of employees increased to 315 as of December 31, 2023, compared to 300 as of December 31, 2022, with total employee remuneration rising to approximately HK$73,376,000 from HK$63,491,000[93] Strategic Focus and Future Plans - The Group will continue to focus on property development and investment, as well as relevant asset management services to create value for shareholders[100] - Future investments will include property management services and opportunities in health, green energy, and elderly care industries, aligning with the diversification strategy[101] - The Group has maintained a prudent attitude in capturing investment opportunities in international markets, particularly in the USA and Europe[100]

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 352,640,000, a slight increase from HKD 352,276,000 in 2022, representing a growth of 0.1%[2] - The company reported a pre-tax loss of HKD 69,947,000 for 2023, significantly improved from a loss of HKD 334,277,000 in 2022, indicating a reduction in losses by approximately 79%[3] - The net loss attributable to shareholders for the year was HKD 129,307,000, down from HKD 320,126,000 in the previous year, reflecting a decrease of about 60%[3] - The company incurred a net comprehensive loss of HKD 152,916,000 for the year, compared to HKD 614,945,000 in 2022, indicating a significant improvement[13] - The company’s financial expenses were HKD 129,112,000, slightly reduced from HKD 136,450,000 in the previous year[2] - The fair value loss on investment properties was HKD 316,123,000, an improvement from HKD 395,952,000 in 2022, indicating a reduction in losses by approximately 20%[2] - The company’s customer contract revenue decreased to HKD 204,622,000 in 2023 from HKD 218,608,000 in 2022, a decline of 6.4%[49] - Other income and gains totaled HKD 30,723 million in 2023, down from HKD 44,649 million in 2022, indicating a decrease of approximately 31.2%[58] - The group incurred a tax expense of HKD 59,360 million in 2023, compared to a tax credit of HKD 14,151 million in 2022[53] - The company did not recommend a final dividend for the year ended December 31, 2023, consistent with the previous year[63] Assets and Liabilities - Total assets less current liabilities amounted to HKD 5,234,124,000, compared to HKD 5,685,632,000 in 2022, showing a decline of approximately 8%[14] - Non-current liabilities decreased to HKD 2,131,832,000 in 2023 from HKD 2,437,003,000 in 2022, a reduction of about 13%[15] - The company’s total equity attributable to shareholders was HKD 3,102,292,000, down from HKD 3,248,629,000 in the previous year, representing a decrease of approximately 4.5%[15] - The total liabilities increased to HKD 3,310,331,000 from HKD 2,991,429,000 year-on-year[87] - The net asset value decreased to HKD 3,102,292,000 from HKD 3,248,629,000 in the previous year[87] - The capital liquidity ratio dropped to 0.26 from 0.63 year-on-year[87] - The debt-to-asset ratio increased to 85.7% from 71.3% in the previous year[87] - As of December 31, 2023, the outstanding balance of bank and other borrowings was approximately HKD 2,650,828,000, an increase from HKD 2,328,510,000 as of December 31, 2022[102] Cash Flow and Financing - The company’s cash and cash equivalents stood at HKD 305,556,000, down from HKD 349,182,000 in 2022, reflecting a decrease of about 12.5%[14] - The group has obtained shareholder loan financing of HKD 200,000,000 from Hong Kong Rui International Investment Co., Ltd., with HKD 110,871,000 remaining unused as of December 31, 2023[28] - The maturity date of the shareholder loan has been extended to December 31, 2027, as of March 2024[28] - The group plans to repay bank loans through existing cash and cash equivalents outside mainland China, selling listed equity investments, or utilizing the remaining shareholder loan financing[28] - In extreme cases where the bank demands immediate repayment of all loans, the group will sell pledged investment properties to repay the loans, with fair value sufficient to cover the total bank loans after deducting selling costs[28] Corporate Governance and Compliance - The independent auditor's report confirmed that the financial statements reflect the company's financial position fairly and in accordance with Hong Kong Financial Reporting Standards[134] - The audit committee reviewed the annual performance and had no objections to the company's accounting policies and internal controls[127] - The company has adopted the corporate governance code as per the listing rules and confirmed compliance throughout the year[125] - The chairman and CEO roles are held by the same individual, which deviates from the corporate governance code[125] - The independent non-executive directors attended the annual general meeting to understand shareholder opinions[126] Operational Segments - The group operates in two segments: property development and investment in the UK, US, and mainland China, and property management services in mainland China[39] - Property development and investment segment revenue increased to HKD 148,018,000 in 2023 from HKD 133,668,000 in 2022, representing a growth of 6.8%[49] - The property management segment generated revenue of about HKD 204,622,000, down from HKD 218,608,000 year-on-year[94] - The company plans to increase its investment in property management services and focus on opportunities in health, green energy, and elderly care industries[124] Employee and Compensation - The total employee compensation for the year was approximately HKD 73,376,000, compared to HKD 63,491,000 for the previous year[105] - The number of employees (excluding directors) increased to 315 as of December 31, 2023, from 300 the previous year[105] Market and Future Outlook - The group plans to focus on property development and investment, as well as related asset management services to create value for shareholders[111] - The group will continue to monitor foreign exchange risks and take timely measures to mitigate such risks[103] - The group has pledged approximately HKD 5,483,381,000 of investment properties and properties held for sale as collateral for bank and other borrowings[112] - The group has no major investments or significant acquisitions or disposals of subsidiaries, associates, and joint ventures during the year[109] - There were no significant subsequent events reported by the company after the financial year[133]

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，概不對因本公佈 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 GR LIFE STYLE COMPANY LIMITED 國 銳 生 活 有 限 公 司 （於香港註冊成立之有限公司） 108 （股份代號： ） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 國銳生活有限公司（前稱國銳地產有限公司）（「本公司」）董事（「董事」）局（「董事 局」）謹此提呈本公司及其附屬公司（「本集團」）截至二零二三年六月三十日止六 個月之未經審核中期業績，連同二零二二年同期之比較數字。本公司之審核委 員會（「審核委員會」）已與本公司管理層審閱及討論本集團截至二零二三年六 月三十日止六個月（「本期間」）之未經審核中期簡明綜合財務資料。 財務摘要 (cid:129) 本 集 團 於 本 期 間 之 收 入 約 為169,500,000港 元，較 二 零 二 二 年 同 期 約 180,100,000港元減少約5.9%。 (cid:129) 本 ...