Financial Performance - The company achieved a revenue of approximately HKD 3.9 billion in 2023, reflecting a significant increase compared to the previous year[15]. - The company did not declare a final dividend for the year ending December 31, 2023, compared to a dividend of HKD 0.08 per share in 2022[14]. - The company generated disposal gains of approximately HKD 169 million from the sale of several properties, factories, and equipment, compared to HKD 103 million in 2022[32]. - Capital expenditures for the year amounted to approximately HKD 529 million, down from HKD 796 million in 2022, primarily for the development of investment properties in Shenzhen[33]. - As of December 31, 2023, the company's cash and bank balances were distributed with approximately 97.2% in RMB and 2.8% in HKD, with net cash inflow from operating activities of approximately HKD 3.607 billion, a significant improvement from a net outflow of HKD 6.661 billion in 2022[34]. - The fair value of the company's investment properties was approximately HKD 8.742 billion as of December 31, 2023, down from HKD 26 billion at the end of 2022[36]. - As of December 31, 2023, the equity attributable to the company's owners was approximately HKD 50.39 billion, a decrease of about 35.3% compared to HKD 77.87 billion at the end of 2022[64]. - The company recorded financing costs of approximately HKD 12.50 billion in 2023, slightly up from HKD 12.47 billion in 2022, with about HKD 9.40 billion capitalized and the remaining HKD 3.10 billion expensed[63]. - The total interest-bearing loans amounted to approximately HKD 238.60 billion as of December 31, 2023, down from HKD 264.15 billion at the end of 2022, with related party loans constituting about 57.5% of the total[66]. - The company's debt ratio was approximately 307.9% as of December 31, 2023, compared to 275.7% at the end of 2022[66]. - The weighted average effective interest rate on bank borrowings was 4.02% as of December 31, 2023, down from 4.25% in the previous year[66]. - The net asset value decreased to HKD 6,429,406 in 2023, down from HKD 8,617,872 in 2022, representing a decline of about 25.5%[106]. - The equity attributable to the company's owners was HKD 5,039,088 in 2023, a decrease from HKD 7,787,428 in 2022, reflecting a drop of approximately 35.4%[106]. Market and Strategic Focus - The real estate market faced challenges in 2023, with a decline in confidence affecting overall performance despite government support measures[11]. - The company is committed to adapting to the changing market dynamics and exploring new development avenues[11]. - The company plans to enhance product and service quality, optimize project sales strategies, and control costs to achieve sustainable development in 2024[17]. - The company is focusing on diversifying its commercial asset management model to improve operational efficiency across various projects[15]. - The company’s strategic focus includes enhancing the quality of residential developments and improving commercial operations[15]. - The company is actively pursuing market expansion and synergies between its projects in the 佛山 area to enhance efficiency and reduce costs[26]. - The company is committed to adhering to environmental, social, and governance regulations, integrating stakeholder feedback into its internal management practices[40]. - The company has implemented regular customer satisfaction surveys to improve product quality and customer confidence[39]. - The company is actively managing foreign exchange risks by optimizing fund arrangements and adjusting project financing methods[69]. - The company has committed to adhering to environmental regulations for new constructions, ensuring compliance with national and local government requirements[71]. - The company’s projects are primarily located in first-tier cities or the Greater Bay Area, effectively diversifying operational risks[68]. Project Development and Management - Total signed and delivered property floor area reached approximately 274,000 square meters and 222,000 square meters respectively, compared to 169,000 square meters and 76,000 square meters in 2022[23]. - The company has commenced pre-sales for the 佛山 • 粵海壹桂府 project in September 2023, with the first phase of construction expected to be completed by December 31, 2026[26]. - The 江門 • 粵海壹桂府 project is expected to be fully completed by 2027, with various phases already completed in 2022 and 2023[29]. - The first phase of the Foshan Yuehai Shigui project is expected to complete by the end of 2024, with the project having commenced pre-sales in September 2021[56]. - The Zhuhai Yuehai Shigui project also anticipates overall completion by the end of 2024, with pre-sales starting in June 2021[57]. - The company has established a partnership with 粵海物業管理 for property management services across multiple projects, indicating a strategic focus on enhancing operational efficiency[160]. - The company has outlined various agreements for property management services, reflecting a structured approach to managing its real estate portfolio[161]. Employee and Operational Efficiency - The company employed 568 staff members as of December 31, 2023, with total employee compensation and contributions amounting to approximately HKD 292 million, compared to HKD 330 million in 2022[41]. - The company has appointed experienced executives in various roles to enhance its operational efficiency and strategic direction[78]. - The group faced significant financial risks and uncertainties as detailed in the management discussion and analysis section of the annual report[80]. - The group’s financial risk management objectives and policies are outlined in the notes to the consolidated financial statements[80]. Property Management Services - The company has adopted a real estate project co-investment scheme, allowing participants to invest in various real estate projects by providing loans to the company's project companies[142]. - The service fees paid by the company for property management services related to the 佛山 • 粵海壹桂府 project amounted to approximately RMB 2,900,000, with an annual cap of RMB 3,663,000 for 2023[152]. - The company paid approximately RMB 1,473,000 for property management services related to the 江門粵海壹桂府 project, with an annual cap of RMB 2,300,000 for 2023[165]. - The company has a property management service contract for the Yuehai Yuyang Garden project, effective from May 31, 2022, to May 9, 2024[194]. - The company paid approximately RMB 708,000 for property management services related to the Guangzhou Shigui Mansion, with an annual cap of RMB 3,060,000 for 2023[193]. - The property management service agreement for the marketing center and model room of the Foshan Bay Hua project was signed on July 27, 2023, effective from August 1, 2023, to April 30, 2024[168]. - The property management service agreement for the Huizhou Yuehai Lijiang Garden project was signed on August 31, 2023, effective from September 1, 2023, to August 31, 2024[170].

Financial Performance - The company recorded revenue of approximately HKD 3.877 billion in 2023, an increase of about 181.3% compared to HKD 1.378 billion in 2022[15]. - The company reported a loss attributable to equity holders of approximately HKD 2.449 billion in 2023, compared to a profit of HKD 392.688 million in 2022[5]. - The group's total revenue for 2023 was approximately HKD 38.77 billion, a significant increase of about 181.3% compared to HKD 13.78 billion in 2022[24]. - The group recorded a loss attributable to shareholders of approximately HKD 24.45 billion in 2023, compared to a profit of HKD 3.93 billion in 2022[24]. - The total comprehensive loss for the year was HKD 2,790,761,000, compared to a loss of HKD 478,019,000 in 2022[48]. - The company incurred a net loss of HKD 2,649,030,000 in 2023, compared to a profit of HKD 404,974,000 in 2022, reflecting a negative swing of 754.5%[69]. - The attributable loss to equity holders was HKD (2,444,888) thousand, a significant decline of 722.6% compared to a profit of HKD 392,688 thousand in the prior year[39]. Revenue and Sales Growth - The total floor area of property sales increased significantly, contributing to the revenue growth[15]. - The company reported a total revenue of HKD 3,877,416,000 for 2023, a significant increase from HKD 1,377,691,000 in 2022, representing a growth of 181.5%[69]. - Revenue from customer contracts increased to HKD 3,842,660 thousand in 2023, up from HKD 1,351,831 thousand in 2022, representing a growth of approximately 184.5%[104]. - The company achieved sales in key projects such as Guangzhou and Jiangmen, ranking among the top in their respective regions[18]. Cost Management and Financial Health - The company implemented comprehensive cost control measures, resulting in a reduction of employee costs to HKD 216.979 million in 2023 from HKD 197.920 million in 2022[1]. - The company’s deferred tax liabilities decreased to HKD 113.211 million in 2023 from HKD 142.249 million in 2022[4]. - The company’s accounts payable and other payables increased to HKD 164.334 million in 2023 from HKD 147.426 million in 2022[8]. - The debt ratio increased to 307.9% in 2023 from 275.7% in 2022, an increase of 32.2 percentage points[67]. - The current ratio decreased to 1.3 times in 2023 from 2.1 times in 2022, a decline of 38.1%[67]. - The total liabilities rose to HKD 42,503,678,000 in 2023 from HKD 40,302,355,000 in 2022, an increase of approximately 5.5%[73]. Dividend and Shareholder Returns - The company did not declare a final dividend for the year ending December 31, 2023, compared to a dividend of HKD 0.08 per share in 2022[6]. - The proposed final dividend was 0.00 HKD, down 100.0% from 8.00 HKD in the previous year[39]. Operational Efficiency and Strategy - The company achieved a delivery rate exceeding 95% for its projects, surpassing industry benchmarks[14]. - The group plans to enhance product and service quality, optimize project sales strategies, and reduce construction costs to achieve sustainable development in 2024[22]. - The group will monitor and adjust sales strategies on a monthly and quarterly basis to accelerate the sales of existing projects[22]. - The group is focusing on diversifying its commercial asset management model to improve operational efficiency[18]. Market Outlook and Economic Environment - The Chinese government aims to stabilize the real estate market and promote healthy development through various supportive policies[19]. - The expected GDP growth rate for China in 2024 is projected to reach 4.8% according to professional institutions[19]. - The group anticipates that the Greater Bay Area will continue to attract population and talent, supporting long-term stable development in the real estate market[21]. Employee and Compensation - The number of employees decreased to 568 in 2023 from 579 in 2022, a reduction of 1.9%[67]. - Total employee compensation and provident fund contributions for 2023 amounted to approximately HKD 292 million, down from HKD 330 million in 2022[182]. Environmental and Governance Practices - The group is committed to complying with environmental regulations and aims to ensure that new constructions meet national and local government standards[160]. - The group actively engages with stakeholders to improve its environmental, social, and governance policies, utilizing various communication methods to gather feedback[179]. - The company has complied with the Corporate Governance Code throughout the fiscal year ending December 31, 2023[184].

Financial Performance - Revenue for the nine months ended September 30, 2023, rose by 32.8% to HKD 1,314,891, up from HKD 989,909 in the same period of 2022[5] - The group’s consolidated revenue for the nine months ended September 30, 2023, was approximately HKD 1.315 billion, an increase of about 32.8% compared to HKD 990 million in the same period of 2022[30] - The net loss attributable to the company’s shareholders for the nine months ended September 30, 2023, was HKD 67,880, a decrease of 108.1% compared to a profit of HKD 833,453 in the same period of 2022[5] - The group recorded a loss attributable to shareholders of approximately HKD 67.88 million, a decrease in loss of about HKD 132 million compared to a profit of HKD 833 million in the first half of 2023[30] Asset and Valuation Changes - Total assets as of September 30, 2023, increased by 9.7% to HKD 53,645,645, compared to HKD 48,920,227 as of December 31, 2022[3] - The net asset value per share as of September 30, 2023, was HKD 4.26, a decrease of 6.4% from HKD 4.55 as of December 31, 2022[3] - Investment property fair value gains for the nine months ended September 30, 2023, decreased by 70.6% to HKD 325,620, down from HKD 1,108,169 in the same period of 2022[5] - The group recognized an inventory impairment provision of approximately HKD 203 million due to signs of impairment in some property projects[31] Construction and Development - The company is currently engaged in construction for various projects, including Guangzhou Yuhai Cloud Port City and Foshan Yuhai One Gui Fu, with completion dates extending to 2026[8][9] - The construction of the main structure for the first phase of the Zhuhai project has been completed and has passed acceptance inspection[26] - The main structure of the non-first phase properties in the Zhuhai project has also been completed and is currently undergoing masonry construction[26] - The main structure of the properties in the Jiangmen project (Lot 5) is still under development[27] - The main structure of the Huizhou project has been completed and is currently undergoing outdoor landscaping construction[40] Market Expansion and Sales - The total floor area signed for properties during the review period was approximately 209,000 square meters, compared to 120,000 square meters for the same period in 2022[23] - The total floor area delivered during the review period was approximately 101,000 square meters, up from 47,000 square meters in the same period of 2022[23] - The total floor area of properties held for sale increased, contributing to the revenue growth[30] - The company plans to expand its market presence with ongoing projects in cities such as Guangzhou, Foshan, and Zhongshan, with several properties in various stages of construction and sale[17] - The group has ongoing projects in various locations, including Shenzhen, Jiangmen, and Huizhou, with significant progress reported in construction[34] Financial Costs and Gains - The company recorded a disposal gain of approximately HKD 170 million during the review period, compared to HKD 104 million in 2022[15] - Financing costs increased by approximately HKD 43.18 million compared to the same period in 2022 due to business expansion[31]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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。 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------|---------------------------------|----------------------------------|----------------| | | 於 2023 年 6 月 30 日 | 於 2022 年 12 月 31 日 | 變動 | | 流動比率 | 1.6 倍 | 2.1 倍 | -23.8% | | 負債比率 1 | 234.3% | 275.7% | -41.4 百分點 | | 總資產值（百萬港元） | 54,083 | 48,920 | +10.6% | | 每股 ...

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。 （於百慕達註冊成立之有限公司） （股份代號：00124） 截至 2023 年 3 月 31 日止三個月 之未經審核財務資料 粤海置地控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（「本 集團」）截至 2023 年 3 月 31 日止三個月之未經審核財務資料（連同比較數字）。本公告為 本公司自願性披露，以貫徹本公司致力提升企業管治水平的政策。 財務摘要 截至3月31日止三個月 2023年 2022年 千港元 千港元 變動 收入 431,118 386,718 +11.5% ...

Property Management Services - Guangdong Yuehai Land paid approximately RMB 1,118,000 for property management services related to the marketing center and sample room demonstration area for the 2021 Yuecai City North Tower project, with a 2022 annual cap of RMB 1,500,000[3] - The company incurred service fees of approximately RMB 3,888,000 for property management services from Yuehai Property Management, with a 2022 annual cap of RMB 6,270,000[20] - Guangdong Yuehai Land paid approximately RMB 1,403,000 to Yuehai Life for related services, with a 2022 annual cap of RMB 1,620,000[29] - The company has established a property management service contract for the Guangzhou Shigui project, effective from January 1, 2022, to December 31, 2023[30] - The company has signed a property management service contract for the second phase of the Zhongshan Ma'an Island project, effective from January 1, 2022, to December 31, 2022[22] - The company has a service fee agreement with Yuehai Property Management for the Shigui project, with payments of approximately RMB 273,000 and a 2022 annual cap of RMB 440,000[6] - The company has established a property management service contract for the Zhuhai project, with payments of approximately RMB 3,888,000 and a 2022 annual cap of RMB 6,270,000[20] - The annual cap for property management services provided to Jiangmen Yuehai Land was RMB 6,600,000, with actual payments around RMB 5,240,000 for the year[100] - The company paid approximately RMB 2,881,000 for property management services related to the Jiangmen Yuehai Yuguifang project in the review year, with a 2022 annual limit of RMB 3,850,000[132] - The company entered into a property management service agreement for the Jiangmen Yuehai City project with a maximum annual limit of RMB 3,167,000 for 2023 and RMB 1,056,000 for 2024[128] - A property management service agreement for the Jiangmen Yuehai Yuguifang project was established with annual limits of RMB 2,097,000 for 2023 and RMB 932,000 for 2024[130] - The company entered into a property management service agreement for the Yun Port City project with a maximum annual limit of RMB 8,410,000 for 2023[135] - The company has no payments to the property management company for the Zhuhai Jinwan project in the review year, with a 2022 annual limit of RMB 0[143] - A property management service agreement for the Zhuhai Jinwan project was signed with annual limits of RMB 3,045,000 for 2023 and RMB 1,353,000 for 2024[148] - The service period for the property management contract for the Yuecai City North Tower project ended on March 31, 2023[136] - The service period for the Jiangmen Yuehai City project management agreement ended on March 31, 2023, with a maximum limit of RMB 1,000,000 for the relevant year[150] - The company entered into a property management service agreement with Yuehai Property Management for the Zhongshan Ma'anshan project, with an annual cap of RMB 3,925,000 from April 1, 2023, to December 31, 2023[156] - A second property management service agreement for the Yun'gang City project was established with an annual cap of RMB 2,310,000 from January 1, 2023, to March 31, 2023[157] Financial Services and Loans - The financial services cooperation agreement with Yuehai Financial includes cash deposits of approximately RMB 6,957,000 and a maximum daily balance for deposit services of RMB 60,000,000 for the fiscal year 2022[56] - The company received a loan of HKD 1 billion from a bank under a financing agreement, which was fully repaid by March 10, 2023[164][166] - A non-committed revolving loan of HKD 300 million was also secured from a second bank, which was fully repaid by March 17, 2023[168][170] - The company accepted a loan financing letter from the first bank on March 6, 2023, providing a principal of HKD 500 million for a term of 360 days[183] - As of December 31, 2022, the outstanding principal of the 2022 loan financing was HKD 1 billion[182] - The outstanding principal of the 2022 revolving loan financing as of December 31, 2022, was HKD 300 million[187] Corporate Governance and Compliance - The company adheres to strict corporate governance practices, ensuring transparency and accountability in its operations[199] - The company continues to comply with annual review and disclosure requirements for ongoing connected transactions as per listing rules[92] - The existing agreements with Yuehai Life and Huizhou Real Estate constitute continuing connected transactions under the listing rules[88] - The company is subject to annual review, reporting, and announcement requirements due to the percentage rates exceeding 0.1% but remaining below 5% for certain property management service contracts[181] - The company has multiple ongoing related party transactions, with the highest applicable percentage rates for certain agreements exceeding 0.1% but remaining below 5%, thus exempt from independent shareholder approval[160] Social Responsibility and Employee Welfare - The company emphasizes a commitment to social responsibility and sustainable development through various community support initiatives[194] - The company is dedicated to creating a safe and healthy work environment for employees, providing professional training opportunities[193] Subsidiaries and Acquisitions - The company’s subsidiary, Huizhou Development, completed the acquisition of Huizhou Real Estate on January 18, 2021, making them wholly-owned subsidiaries[107] - The company established a partnership to invest in the Foshan Jihua project, involving related parties as partners[115] - The company has adopted a real estate project co-investment scheme to allow participants to invest in various real estate projects[114] Lease Agreements - The company entered into a lease agreement for a temporary outdoor parking lot with a total area of 10,500 square meters, accommodating 700 parking spaces, for a term of 1 year starting from April 16, 2022, to April 15, 2023[46] - A lease agreement was signed with Shenzhen Yuehai Tianhe City for a term of 240 months starting from September 16, 2022, for commercial operations[75] - The monthly rent for the lease agreement signed on December 30, 2022, is RMB 395,075.70 for the first quarter of 2023, increasing to RMB 1,185,227.10 from April 2023 to December 2024[94] - The lease contract for Yuehai Tianhe City has an unverified value of approximately RMB 24,000,000, constituting a related transaction[114]

媒体朋友们 下午好欢迎大家参加粤海置地控股有限公司2022全年业绩发布会本次业绩发布会以线上形式进行非常感谢大家对粤海置地的大力支持粤海置地控股有限公司是广东省属国有企业广东粤海控股集团有限公司下属企业 执行董事兼财务总监焦丽先生副总经理陈年红先生副总经理梅清君先生今天的会议主要分为两个环节第一个环节由焦丽先生就公司2022年全年业绩表现及未来计划等进行介绍 公司努力克服房地产市场低迷等困难挑战统筹推进销售区划 降本增效管理提升等各项工作全力以赴完成年度的各项经营目标2022年公司实现营收13.78亿港元较去年同期 销售价格和毛利率相对较低所以总体的营收和利润有一个明显的下滑总的来说项目的销售情况符合公司的发展节奏也和各个项目的发展的进度是一致的2022年公司的总资产规模489亿 公司在2022年利用市场利率下行的时机同时利用我们国企的信用支撑调低了部分存量贷款的利率有效地降低了资金成本未来将继续加强引起战略合作拓宽融资渠道保证公司的发展所需的资金 深圳粤海城北部地块江门的三号地块江门的成人路项目公司主要的在售项目总体情况符合预期这几个项目去年的去化流速基本上跑赢了同区域的竞品其中广州的云港城项目在2022年 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 1,377,691, a decrease of 77.1% compared to HKD 6,006,392 in 2021[28]. - Gross profit for the same period was HKD 549,555, down 84.2% from HKD 3,469,341 in the previous year[28]. - Profit attributable to owners of the company was HKD 392,688, a decline of 72.0% from HKD 1,402,249 in 2021[28]. - Basic earnings per share decreased to 22.94 HKD cents, down 72.0% from 81.93 HKD cents in the previous year[28]. - The total comprehensive income for the year was a loss of HKD 478,019, compared to a profit of HKD 1,653,989 in 2021[32]. - The total financing costs for 2022 were HKD 1,247,566, up from HKD 693,115 in 2021, indicating an increase of 80%[66]. - The pre-tax profit for the group was HKD 392,688, a decrease of 72% from HKD 1,402,249 in 2021[73]. - The proposed final dividend is 8.00 HKD cents per share, a reduction of 20.0% from 10.00 HKD cents in 2021[28]. Assets and Liabilities - Total assets as of December 31, 2022, were valued at HKD 48,920 million, an increase of 5.6% from HKD 46,308 million in 2021[28]. - Total liabilities increased to HKD 40,302,355 thousand in 2022, up from HKD 36,989,727 thousand in 2021, marking an 8.4% rise[36]. - The company's equity decreased to HKD 8,617,872 thousand in 2022 from HKD 9,318,391 thousand in 2021, a decline of 7.5%[36]. - The debt ratio rose to 275.7%, up 92.4 percentage points from 183.3% in the previous year[28]. - The company had interest-bearing loans totaling approximately HKD 26.415 billion, an increase from HKD 19.664 billion as of December 31, 2021[2]. - The company pledged properties valued at approximately HKD 26 billion as collateral for bank loans, significantly up from HKD 11.506 billion as of December 31, 2021[3]. Employee and Compensation - The company employed 579 staff as of December 31, 2022, with total employee compensation and provident fund contributions amounting to approximately HKD 330 million, up from HKD 283 million in 2021[15]. - The company had 579 employees, a slight increase of 0.3% from 577 in 2021[28]. Operational Strategy - The company is focused on diversifying operational risks by holding real estate projects in first-tier cities and the Greater Bay Area, which helps mitigate market fluctuations[4]. - The company plans to generate stable rental income from its commercial properties, such as the Guangzhou Shigui Mansion and the developing Shenzhen Yuehai City project, to reduce revenue volatility[9]. - The company aims to continue its strategic positioning as a comprehensive development expert in influential cities within the Greater Bay Area[99]. Market Conditions - The total sales value of commodity housing in China for 2022 was approximately RMB 1.333 trillion, a decline of 26.7%[86]. - The total floor area of commodity housing sales in China for 2022 was approximately 1.358 billion square meters, a year-on-year decrease of 24.3%[86]. - The anticipated GDP growth rate for China in 2023 has been adjusted from 4.5% to a higher figure, reflecting improved domestic consumption demand[95]. - The Greater Bay Area is expected to see further relaxation of purchase and loan restrictions, stimulating the real estate market[98]. Investment Properties - The fair value gain from investment properties increased by 88.1% to HKD 762,820, compared to HKD 405,582 in 2021[28]. - The fair value gain from investment properties for the Shenzhen Yuehai City project was approximately HKD 745 million, an increase compared to 2021[104]. - The company’s investment properties increased to HKD 8,461,145 thousand in 2022 from HKD 7,535,154 thousand in 2021, a growth of 12.3%[34]. Cash Flow and Financing - The net cash outflow from operating activities for the year was approximately HKD 6.661 billion, a decrease from HKD 9.643 billion in 2021, mainly due to more property sales collections during the review year[139]. - The company’s cash and cash equivalents stood at HKD 2,660,932 thousand in 2022, slightly up from HKD 2,588,393 thousand in 2021[34]. - The group did not actively hedge against currency risks from transactions primarily denominated in RMB, believing that RMB exchange rate fluctuations would not significantly impact its financial position due to a natural hedging mechanism[140]. Project Development - The total development cost for the Shenzhen Yuehai City project is approximately HKD 8.423 billion, an increase of HKD 780 million from the previous year[118]. - The Guangzhou Yun Port City project has a total planned floor area of approximately 506,000 square meters, with 5.2% delivered[110]. - The Guangzhou Shigui Mansion project has a delivery rate of 95.7%, with 2,764 square meters signed and 2,644 square meters delivered[110]. - The company successfully acquired land use rights for the Jihua project in Foshan for RMB 1.299 billion (approximately HKD 1.423 billion), covering a total area of about 40,642 square meters with a maximum floor area of approximately 118,122 square meters[124].

Financial Performance - The group's consolidated revenue for the nine months ended September 30, 2022, was approximately HKD 989.91 million, a decrease of 81.6% compared to HKD 5,392.55 million for the same period in 2021[4] - The profit attributable to the company's owners for the same period was approximately HKD 833.45 million, down 43.8% from HKD 1,484.30 million in the previous year[4] - The net profit before fair value gains and related deferred tax expenses was approximately HKD 2.33 million, significantly lower than HKD 1,137 million in the previous year[4] Asset and Equity Valuation - Total assets as of September 30, 2022, were valued at HKD 48,596.88 million, reflecting a 4.9% increase from HKD 46,308.12 million at the end of 2021[3] - The equity attributable to the company's owners decreased to approximately HKD 8,079.11 million from HKD 8,485.65 million, a decline of 4.8%[3] Investment and Financing - The fair value gain from investment properties was HKD 1,108.17 million, an increase of 139.0% compared to HKD 463.68 million in the previous year[3] - The net financing costs increased by approximately HKD 42.07 million due to business expansion compared to the previous year[5] - The company recorded a disposal gain of approximately HKD 104 million from the transfer of properties under a relocation compensation agreement[5] Project Development and Sales - The total floor area delivered during the review period was 6,553 square meters for the Shenzhen Yuehai City project, representing 87.2% of the total available for sale[8] - The total signed floor area for properties under development and held for sale reached approximately 120,000 square meters during the review period[14] - The total delivered floor area for properties was approximately 47,000 square meters in the same period[14] - The Zhuhai Jinwan project has a total floor area of 138,430 square meters, with 21.4% of the area pre-sold as of June 2021[14] - The Jiangmen Gan Hua project has a total floor area of 205,078 square meters, with only 1.9% pre-sold as of September 2021[14] - The Zhongshan Yue Hai Cheng project has a total floor area of 237,296 square meters, with 11.2% pre-sold as of September 2021[14] - The Foshan Shi Gui Fu project has a total floor area of 91,550 square meters, with 27.7% pre-sold as of October 2021[14] - The Guangzhou Yun Gang Cheng project has a total floor area of 125,605 square meters, with 12.8% pre-sold as of July 2022[14] - The Huizhou Da Ya Wan project has a total floor area of 10,937 square meters, with 6.8% pre-sold as of August 2022[14] Cautionary Notes - The company emphasizes that the financial data provided is based on internal records and has not been audited by external auditors[16] - Shareholders and potential investors are advised to exercise caution when trading the company's securities and to seek professional advice if needed[16]

Financial Performance - The company's revenue for the six months ended June 30, 2022, was approximately HKD 492.4 million, a decrease of 78.4% compared to HKD 2,283.8 million for the same period in 2021[10]. - Gross profit for the same period was HKD 326.2 million, down 70.0% from HKD 1,086.2 million in 2021[10]. - Profit attributable to owners of the company was HKD 237.8 million, a decrease of 28.7% from HKD 333.4 million in 2021[10]. - The company recorded a loss attributable to owners before fair value gains of approximately HKD 25.6 million, compared to a profit of HKD 273 million in the same period last year[16]. - The company reported a total comprehensive loss of HKD 225,862,000 for the period, compared to a comprehensive income of HKD 405,597,000 in the same period last year[107]. - The net profit for the period was HKD 232,142,000, a decrease of 27.4% compared to HKD 319,807,000 in the same period last year[103]. - Operating profit decreased to HKD 457,670,000, a decline of 46% from HKD 846,604,000 in the previous year[103]. - The adjusted profit before tax for the group was HKD 391,934,000 for the six months ended June 30, 2022, compared to HKD 806,044,000 for the same period in 2021, indicating a decrease of about 51.5%[140]. Assets and Liabilities - Total assets increased by 4.1% to HKD 48,221 million from HKD 46,308 million[10]. - The total liabilities of the group as of June 30, 2022, were HKD 39,300,009,000, compared to HKD 36,989,727,000 as of December 31, 2021, representing an increase of about 6.3%[137]. - Non-current liabilities rose significantly to HKD 26,715,362,000 from HKD 18,556,880,000 in the previous year[112]. - The net asset value as of June 30, 2022, was HKD 89.21 billion, representing a decline of 4.3% from HKD 93.18 billion at the end of 2021[48]. - The total amount of development properties held for sale was HKD 27,165,297,000 as of June 30, 2022, down from HKD 33,160,487,000 on December 31, 2021[152]. Cash Flow and Financing - As of June 30, 2022, the company had cash and cash equivalents of approximately HKD 3.161 billion, an increase of about 22.1% from HKD 2.588 billion at the end of 2021[54]. - The total interest-bearing loans amounted to approximately HKD 28.153 billion as of June 30, 2022, compared to HKD 19.664 billion at the end of 2021, resulting in a debt ratio of 280.2%[56]. - The net cash outflow from operating activities was HKD (7,788,221) thousand, compared to HKD (4,128,905) thousand for the same period in 2021[122]. - The net cash inflow from financing activities was HKD 9,604,002 thousand, up from HKD 5,987,107 thousand in the prior period[122]. - The company incurred finance costs of HKD 75,993,000 for the six months ended June 30, 2022, compared to HKD 57,420,000 for the same period in 2021, reflecting an increase of about 32.5%[140]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, with the distribution date expected around October 26, 2022[8]. - The interim dividend declared by the board for the six months ended June 30, 2022, is HKD 0.03 per share, compared to no dividend for the same period in 2021[19]. - As of June 30, 2022, Guangdong Yuehai Holdings Group Limited holds a 73.82% stake in the company, representing 1,263,494,221 shares[77]. Projects and Development - The total floor area delivered for the Shenzhen Yuehai City project decreased compared to the same period in 2021, resulting in a decline in sales revenue and profit[18]. - The Shenzhen North Land project is expected to complete in the second half of 2022, with a total floor area of 33,802 square meters[23]. - The Guangzhou Yun Port project has a total planned floor area of approximately 506,000 square meters, with ongoing construction of the basement and main structure[30]. - The cumulative total floor area delivered during the review period for Shenzhen Yuehai City was 6,193 square meters, representing 86.9% of the total available for sale[20]. - The cumulative development cost of the Shenzhen Yuehai City project is approximately HKD 8.492 billion as of June 30, 2022, an increase of about HKD 849 million from December 31, 2021[33]. Market and Economic Environment - The Chinese government has emphasized the importance of housing for living rather than speculation, with ongoing adjustments to real estate policies to stabilize prices and expectations[69]. - The Greater Bay Area is projected to maintain strong economic growth, supporting steady increases in transaction volumes and a gradual recovery in the sales area of commercial housing[72]. - The company anticipates continued monetary easing from the central government, which is expected to improve the financing environment for real estate companies and enhance their operational capabilities[70]. Risk Management and Compliance - The company faces various financial risks, including market risk (foreign currency risk and cash flow interest rate risk), credit risk, and liquidity risk[184]. - The group is actively managing foreign exchange risks by optimizing capital arrangements and adjusting financing methods in response to market trends[61]. - The group has committed to complying with environmental regulations and has established an Environmental, Social, and Governance (ESG) committee to oversee related policies and practices[65].