各位投资者分析师和媒体朋友们上午好欢迎大家参加粤海之地控股有限公司2021全年业绩发布会出于疫情防控方面的考虑本次业绩发布会以线上形式进行非常感谢大家在特殊时期对粤海之地的大力支持 粤海置地控股有限公司是广东省国有企业广东粤海控股集团有限公司下属企业是粤海控股集团旗下专注于房地产业开发及投资的重要业务单元今天出席业绩发布会的公司管理层有董事会副主席兼执行董事邝虎先生 执行董事兼董事总经理李永刚先生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青军先生 今天的会议主要分为两个环节第一个环节由焦力先生就公司2021年全年业绩表现及未来计划等进行介绍第二个环节将是问答环节网络餐会的投资者分析师及媒体朋友现在即可在餐会页面的互动栏目提交文字提问主持人将在问答环节代为转述 现在有请焦力先生开始介绍大家好首先由我简要报告一下2021年我们粤海置地的全年业绩的情况 先说财务部分2021年公司各项工作计划按计划推进各项目多错并举因盘失策加快去化公司销售增长强劲整体向好收入及利润贡献大幅增加取得了比较好的业绩2021年公司实现营收超过60亿港币下面的货币单位如果没有特别说都是指港币 比去年增幅约50%毛利接近35亿比上 ...

朗粤海置地 粤 海 置 地 控 股 有 限 公 司 GUANGDONG LAND HOLDINGS LIMITED ( 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ) (Incorporated in Bermuda with Iimited liability) 股份代號 Stock Code: 00124 2021 Interim Report 2021 中 期 報 告 目錄 | --- | --- | |--------------------------|-------| | | 頁次 | | 公司資料 | 2 | | 摘要 | 3 | | 管理層之討論及分析 | 4 | | 董事的證券權益及淡倉 | 17 | | 主要股東權益 | 18 | | 企業管治及其他資料 | 19 | | 中期財務資料審閱報告 | 21 | | 簡明綜合中期財務資料 | | | 簡明綜合損益表 | 22 | | 簡明綜合全面損益表 | 23 | | 簡明綜合資產負債表 | 24 | | 簡明綜合權益變動表 | 26 | | 簡明綜合現金流量表 | 27 | | 簡明綜合中期財務資料附註 | 28 | 粵海置地控股有 ...

Financial Performance - Revenue for the year ended December 31, 2020, was HKD 4,000,332 thousand, an increase of 117.8% compared to HKD 1,836,676 thousand in 2019[23] - Gross profit for the same period was HKD 1,230,004 thousand, reflecting a significant increase of 288.7% from HKD 316,428 thousand in 2019[23] - Profit attributable to owners of the company reached HKD 1,681,922 thousand, a remarkable increase of 393.1% compared to HKD 341,063 thousand in the previous year[23] - Basic earnings per share for 2020 were HKD 98.27, up 393.1% from HKD 19.93 in 2019[23] - The fair value gain on investment properties was HKD 1,962,563 thousand, representing a 240.9% increase from HKD 575,640 thousand in 2019[23] - The total asset value as of December 31, 2020, was HKD 20,863 million, a 76.0% increase from HKD 11,853 million in 2019[23] - The net profit attributable to the company's owners for 2020 was HKD 1,681.922 million, representing an increase of 393.1% from HKD 341.063 million in 2019[71] - The return on equity increased to 29.0% in 2020, up by 21.7 percentage points from 7.3% in 2019[71] - The net asset value increased to HKD 69.55 billion as of December 31, 2020, a rise of 42.8% from HKD 48.70 billion in 2019[71] Dividends and Shareholder Returns - The proposed final dividend was HKD 1.53 per share, with no prior year comparison available[23] - The company plans to distribute a final dividend of HKD 0.0153 per share for the year ended December 31, 2020, subject to shareholder approval[29] - The company proposed a final dividend of HKD 0.0153 per share for the year ended December 31, 2020, compared to no interim dividend in 2019[127] Debt and Financial Ratios - The debt ratio increased to 73.7% from 44.7% in 2019, reflecting a rise of 29.0 percentage points[23] - The current ratio decreased to 2.3 times from 2.7 times in the previous year, a decline of 14.8%[23] - As of December 31, 2020, the group had interest-bearing loans totaling approximately HKD 77.62 billion, up from HKD 31.59 billion on December 31, 2019, resulting in a debt ratio of approximately 73.7% compared to 44.7% in the previous year[81] - The weighted average effective interest rate for bank and other loans was 4.66% as of December 31, 2020, a slight decrease from 4.83% on December 31, 2019[81] Employee and Operational Growth - The number of employees increased to 401, up 49.1% from 269 in 2019[23] - The group incurred capital expenditures of approximately HKD 745 million in 2020, a significant increase from HKD 215 million in 2019, primarily for investments in the Yuehai City project[77] - The group’s operating cash outflow for the year was approximately HKD 2.011 billion, compared to HKD 312 million in 2019[78] Real Estate Development and Acquisitions - The total floor area of property sales in 2020 reached approximately 176.1 million square meters, with sales amounting to HKD 1.736 trillion, both setting historical records[28] - The company successfully acquired land use rights for several projects in Zhuhai, Foshan, and Zhongshan during 2020, enhancing its strategic development portfolio[31] - The group successfully acquired land use rights for the Zhuhai Jinwan project for RMB 2.295 billion (approximately HKD 2.495 billion) in May 2020[47] - The group also acquired land use rights for the Foshan Shiguifang project for RMB 2.707 billion (approximately HKD 3.191 billion) in November 2020[49] - The company successfully acquired land use rights in Zhongshan, Guangdong for approximately RMB 3.705 billion (equivalent to about HKD 4.404 billion), covering an area of approximately 98,811 square meters with a total floor area of about 247,028 square meters[50] Market Outlook and Strategic Positioning - The World Bank forecasts that China's economy will grow by 7.9% in 2021, indicating a strong recovery momentum[31] - The group expects the real estate market in the Greater Bay Area to continue to expand in 2021 due to increased land supply and stable demand[39] - The company aims to position itself as a competitive and influential real estate development and investment company in the Guangdong-Hong Kong-Macao Greater Bay Area[31] Environmental and Governance Practices - The group emphasizes compliance with environmental regulations in construction projects to avoid potential project approval rejections[91] - The group actively engages with stakeholders to improve its environmental, social, and governance policies, ensuring alignment with stakeholder expectations[89] - The company has a comprehensive environmental policy and compliance with relevant laws and regulations that significantly impact its operations[121] - The company has maintained its independent non-executive director structure, ensuring governance and oversight[115] - The company has a strong commitment to corporate governance, as outlined in the corporate governance report section of the annual report[121] Related Party Transactions - The acquisition transactions with Guangdong Yuehai Land and Yuehai Investment were disclosed as related party transactions, requiring compliance with reporting and independent shareholder approval regulations[164][165] - The company continues to navigate regulatory requirements for related party transactions, ensuring transparency and compliance in its operations[165][170] - The company’s independent auditor confirmed that the ongoing related transactions are conducted on normal commercial terms and are fair and reasonable[194]

Financial Performance - Revenue for the six months ended June 30, 2020, reached HKD 1,898,483,000, a 309.0% increase compared to HKD 464,151,000 in 2019[7] - Gross profit for the same period was HKD 875,258,000, reflecting a 631.6% increase from HKD 119,628,000 in 2019[7] - The company reported a profit attributable to owners of HKD 1,736,811,000, compared to a loss of HKD 33,891,000 in 2019[7] - Basic earnings per share improved to HKD 101.48 from a loss of HKD 1.98 in the prior year[7] - The group's consolidated revenue for the six months ended June 30, 2020, was approximately HKD 1.898 billion, an increase of about 309.0% compared to HKD 464 million for the same period in 2019[13] - The profit attributable to the company's owners for the same period was approximately HKD 1.737 billion, a significant turnaround from a loss of approximately HKD 33.89 million in the previous year[13] - The return on equity for the same period was 31.13%, a substantial increase from a negative 0.75% in the previous year[26] - The company reported a total comprehensive income of HKD 1,631,389,000 for the period, compared to a loss of HKD 58,693,000 in 2019, indicating a strong recovery in overall performance[71] Assets and Liabilities - Total assets increased to HKD 14,690,000,000, up 23.9% from HKD 11,853,000,000[7] - The company's net asset value increased by 33.5% to HKD 65.01 billion as of June 30, 2020, compared to HKD 48.70 billion at the end of 2019[26] - The total liabilities increased to HKD 8,188,279,000 from HKD 6,982,668,000, reflecting the company's ongoing investments and financing activities[76] - As of June 30, 2020, the company had total borrowings of approximately HKD 4.488 billion, up from HKD 3.159 billion at the end of 2019, with a debt ratio of 32.4%[32] - The total amount of accounts payable as of June 30, 2020, was HKD 1,872,000, compared to HKD 1,565,000 at the end of 2019, indicating an increase of 20%[129] Cash Flow and Financing - Cash generated from operating activities was HKD 555,899,000, with a net cash inflow from operating activities of HKD 255,164,000[82] - The company recorded a net cash outflow from investing activities of HKD 204,701,000, compared to HKD 63,222,000 in the previous year[82] - Financing activities resulted in a net cash inflow of HKD 1,375,383,000, significantly higher than the outflow of HKD 205,895,000 in the prior period[82] - The company's cash and cash equivalents rose by 139.2% to approximately HKD 2.394 billion as of June 30, 2020, compared to HKD 1.001 billion at the end of 2019, driven by increased property sales and new interest-bearing loans[31] Project Development - The company expanded its project portfolio, acquiring land use rights in Zhuhai City, enhancing its presence in the Greater Bay Area[9] - The total floor area signed and delivered during the review period was approximately 16,000 square meters and 29,000 square meters, respectively[17] - The total floor area of residential units delivered for the Shiguifu project was approximately 9,053 square meters, representing an increase of about 103.9% compared to 4,440 square meters in the same period last year[21] - The Chen Yuan Road project has obtained construction planning and construction permits, with the first phase expected to reach pre-sale conditions by 2021 or earlier, and completion by the second half of 2022[23] Market Outlook and Strategy - The company plans to continue exploring new projects in the Greater Bay Area and first- and second-tier cities in mainland China, aligning with its core business and development direction[24] - The group aims to provide stable rental income from commercial properties in the Shigui Mansion project and the developing investment properties in Yuehai City to mitigate revenue and profit volatility[36] - The company plans to maintain active communication with the market to foster a positive relationship with investors[46] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code as per the Listing Rules during the six months ending June 30, 2020[55] - The company has adopted the Standard Code for securities transactions by directors as per the Listing Rules[56] - The company will continue to listen to market feedback to optimize its management practices[46] Economic Environment - The International Monetary Fund projected a global economic contraction of 4.9% for 2020, more pessimistic than the previous forecast of -3.0%[42] - China's GDP growth turned positive in Q2 2020, increasing by 3.2% year-on-year, following an 11.5% growth from Q1 2020[42] - The real estate market in China is expected to see a gradual recovery, with core cities showing stronger demand rebound despite overall market adjustments due to the pandemic[43]

Financial Performance - The company reported a revenue of approximately HKD 1.84 billion for the year ended December 31, 2019, representing an increase of 487.9% compared to HKD 312.42 million in 2018[6]. - Profit attributable to equity holders of the company was approximately HKD 341.06 million, up 52.1% from HKD 224.26 million in 2018[6]. - The basic earnings per share increased to HKD 19.93, reflecting a growth of 52.1% compared to HKD 13.10 in the previous year[6]. - The group's consolidated revenue for the fiscal year 2019 was approximately HKD 1.837 billion, an increase of about 487.9% compared to HKD 312 million in 2018[26]. - The profit attributable to the company's owners for 2019 was approximately HKD 341 million, representing a year-on-year increase of about 52.1% from HKD 224 million in 2018[26]. - Fair value gains from investment properties reached HKD 575,640,000 in 2019, compared to HKD 13,813,000 in 2018, marking an increase of about 4151%[87]. - Total assets as of December 31, 2019, amounted to HKD 11,852,678,000, an increase from HKD 10,647,785,000 in 2018, representing a growth of about 11.3%[88]. - Total liabilities increased to HKD 6,982,668,000 in 2019 from HKD 5,987,769,000 in 2018, which is an increase of approximately 16.6%[88]. - The company did not declare a final dividend for the year ended December 31, 2019, compared to no dividend in 2018[12]. Asset and Investment Management - The fair value gain from investment properties was approximately HKD 575.64 million, a significant increase of 4,067.4% from HKD 13.81 million in the previous year[6]. - The company's total assets increased by 11.3% to HKD 11.85 billion from HKD 10.65 billion in 2018[6]. - The company holds 100% equity in the Yuehai City project in Shenzhen, with a total floor area of approximately 116,000 square meters, primarily consisting of commercial apartments, offices, and commercial properties[13]. - The company successfully acquired land use rights for the Chen Yuan Road project in Jiangmen, covering an area of approximately 59,705 square meters, with a planned total floor area of about 164,216 square meters[16]. - The total development cost and direct expenses for the Yuehai City project reached approximately HKD 4.49 billion as of December 31, 2019, an increase of about HKD 663 million from the previous year[38]. - The total floor area for the Yuehai City project is approximately 116,000 square meters, with 15,660 square meters signed for contracts, and the project is in the final stages of completion[37]. Project Development and Future Plans - The company plans to reserve funds for future business development, indicating a strategic focus on long-term growth[12]. - The company expects to commence construction on the Chen Yuan Road project in the second quarter of 2020, with the first phase projected to meet pre-sale conditions by 2021 or earlier[16]. - The company anticipates that the Yuehai City project will provide revenue and profit contributions in 2020, with the first phase of commercial apartments and office properties having begun pre-sales in December 2018[21]. - The company aims to enhance the value of the Yuehai City project through appropriate resource allocation and may consider external financing for its construction[21]. - The company plans to continue optimizing its project product mix to highlight competitive advantages and enhance market positioning[13]. - The company plans to actively seek new project development opportunities in the Greater Bay Area and first- and second-tier cities in mainland China[29]. Economic Environment and Market Outlook - The overall economic environment in China showed resilience, with GDP growth of 6.1% and a focus on stabilizing the real estate market[8]. - The company is optimistic about the economic integration and development of the Greater Bay Area, which is expected to benefit its projects located in this region[19]. Corporate Governance and Compliance - The company has adhered to the Corporate Governance Code during the year ended December 31, 2019[148]. - The board of directors is led by Chairman Xu Yeqin and CEO Li Yonggang, ensuring clear separation of roles for independence and checks and balances[156]. - The company has adopted a board diversity policy, considering factors such as gender, age, cultural background, and professional experience to achieve strategic goals[166]. - The board has established a risk management and internal control system to effectively manage the group's risks within acceptable limits[188]. - The company has adopted an insider information policy to ensure timely and fair disclosure of material information[190]. Employee and Stakeholder Engagement - The group employed 269 staff as of December 31, 2019, an increase from 261 in 2018[63]. - Total employee compensation and provident fund contributions amounted to HKD 106 million in 2019, up from HKD 82.97 million in 2018[63]. - The company emphasizes the importance of relationships with employees, customers, suppliers, and business partners for its success[85]. Financial Management and Costs - The financing cost for 2019 was approximately HKD 76.28 million, an increase of about HKD 43.15 million compared to HKD 33.13 million in 2018[27]. - Cash and cash equivalents increased to approximately HKD 1.001 billion, a 19.7% increase from HKD 836 million in 2018[54]. - The weighted average effective interest rate for bank and other loans was 4.83% as of December 31, 2019, down from 5.11% in 2018[55]. Risk Management - The audit committee reviews the financial monitoring, risk management, and internal control systems of the group[189]. - The company faced various risks and uncertainties, which are detailed in the management discussion and analysis section of the annual report[84]. - The company has procedures in place for shareholders to request special general meetings under specific conditions[194].

粤海置地 BE 粤 海 置 地 控 股 有 限 公 司 GUANGDONG LAND HOLDINGS LIMITED （於 百 慕 達 註 冊 成 立 之 有 限 公 司） (Incorporated in Bermuda with limited liability) 股份代號 Stock Code: 0124 中期報告 2019 INTERIM REPORT 頁次 | --- | --- | |-------------------------------|-------| | 公司資料 | | | 摘要 . | | | 管理 層之討論及分析 . | | | 董事的證券權益及淡倉 . | 14 | | 主要 股 東 權益 . | 15 | | 企業管治及其他資料 . | 16 | | 中期财務資料審閱報告 . | 17 | | 簡 明 綜 合 中 期 財 務 資 料 | | | 簡明綜合損益表. | 18 | | 簡明綜合全面損益表. . | 19 | | 簡明綜合資產負債表. | 20 | | 簡明綜合權益變動表. . | 22 | | 簡明綜合現金流量表. | 23 | | 簡明綜合中期財務資料附註 ...

Financial Performance - The company reported revenue of approximately HKD 312.42 million for 2018, an increase of 67.3% compared to HKD 186.69 million in 2017[7]. - Profit attributable to shareholders surged to approximately HKD 224.26 million, a 355.0% increase from HKD 49.29 million in the previous year[7]. - Basic earnings per share rose to HKD 13.10, reflecting a 354.9% increase from HKD 2.88 in 2017[7]. - The group's consolidated revenue for the year 2018 was approximately HKD 312 million, an increase of about 67% compared to HKD 187 million in 2017[28]. - Profit attributable to the company's owners for 2018 was approximately HKD 224 million, a 3.6 times increase from HKD 49 million in 2017[28]. - The group recorded a profit attributable to shareholders of approximately HKD 224.3 million for 2018, a significant increase of 355.0% compared to HKD 49.3 million in 2017[54]. - The return on equity for 2018 was 5.0%, up by 3.9 percentage points from 1.1% in 2017[54]. - The group recorded a reversal of over-provisioned land appreciation tax of approximately HKD 77.17 million in 2018, which was not expected to recur in the future[28]. Assets and Liabilities - The total asset value reached HKD 10.65 billion, representing a 97.9% increase from HKD 5.38 billion in 2017[8]. - The group reported a total liability of HKD 5.99 billion in 2018, compared to HKD 704.20 million in 2017, reflecting a significant increase[81]. - As of December 31, 2018, the net asset value attributable to shareholders was approximately HKD 4.54 billion, slightly up by 0.4% from HKD 4.52 billion in 2017[59]. - The net asset value as of December 31, 2018, was HKD 4.66 billion, slightly down from HKD 4.68 billion in 2017[81]. Operational Developments - The company completed the acquisition of Guangdong Yuehai Real Estate Development Co., Ltd., recording a bargain purchase gain of approximately HKD 297 million[14]. - The total development cost and direct expenses for the Yuehai City project as of December 31, 2018, amounted to approximately HKD 3.827 billion, an increase of about HKD 789 million from HKD 3.038 billion in 2017[39]. - The Yuehai City project is planned to be developed in two phases, with the first phase expected to be completed in the second half of 2022 and the second phase in 2023[34]. - The group signed a strategic cooperation agreement with the Shanghai Diamond Exchange to enhance collaboration in diamond-related services and operations[38]. Market Outlook - The real estate market in China showed stable growth, with national real estate development investment increasing by 9.5% year-on-year to approximately RMB 12 trillion[11]. - The Group anticipates that the real estate market in China will continue to develop steadily, supported by government policies aimed at maintaining a healthy market[21]. - The Group is optimistic about the future development of the real estate industry in first-tier cities in mainland China, leveraging its accumulated expertise and resources[26]. Employee and Compensation - The number of employees increased by 16.0% to 261 from 225 in 2017[8]. - Total employee compensation and contributions amounted to HKD 82.97 million in 2018, up from HKD 69.12 million in 2017[73]. Corporate Governance - The company has appointed a new independent auditor, PwC, effective after the annual general meeting on June 7, 2018, following the retirement of Ernst & Young[74]. - The company has a strong board of independent non-executive directors, including Mr. Fang He and Mr. Li Junhao, who have extensive legal and financial backgrounds[106][108]. - The company has a clear succession plan with experienced executives ready to take on leadership roles, ensuring stability and continuity in management[96][98]. - The company has committed to the highest standards of corporate governance, applying the principles of the Corporate Governance Code[159]. Financial Management - The group incurred financing costs of approximately HKD 51.5 million in 2018 due to the need for business development[57]. - The company has a strategic focus on enhancing its financial oversight and management capabilities through experienced leadership[112][113]. - The company has a commitment to professional development, as evidenced by the qualifications of its senior management team, including advanced degrees and certifications[113][114]. Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ended December 31, 2018, in order to reserve funds for future business development[14]. - The group did not declare any interim dividends for the year ended December 31, 2018, and the board did not recommend a final dividend[85]. - The company has a clear dividend policy outlined in the management discussion and analysis section of the annual report[184]. Compliance and Regulations - The group emphasizes compliance with environmental regulations and has implemented strict measures to ensure adherence to environmental laws during construction projects[70]. - The company has arranged for appropriate and effective directors' and officers' liability insurance for its directors and senior management[118]. - The company has adopted the "Standard Code" for securities trading by directors, ensuring compliance with the established standards[160].