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].

Financial Performance - The group's consolidated revenue for the three months ended March 31, 2022, was approximately HKD 386.7 million, a decrease of 72.9% compared to HKD 1.42 billion in the same period of 2021[4] - The profit attributable to the company's owners for the same period was approximately HKD 152.8 million, down 28.0% from HKD 212.3 million in the previous year[4] - The fair value gain from investment properties was HKD 168.2 million, a significant increase of 534.3% compared to HKD 26.5 million in the same period last year[3] - The net financing costs increased by approximately HKD 10.01 million due to business expansion compared to the same period last year[5] Assets and Equity - Total assets as of March 31, 2022, amounted to HKD 48.21 billion, reflecting a 4.1% increase from HKD 46.31 billion as of December 31, 2021[3] - The equity attributable to the company's owners increased by 2.0% to HKD 8.66 billion from HKD 8.49 billion at the end of 2021[3] Project Development - The total floor area delivered for the Shenzhen Yuehai City project in the review period was 4,752 square meters, significantly lower than the previous year's total[5] - The company has ongoing projects with expected completion dates in 2022 and 2023, including commercial and residential developments in Shenzhen and other cities[9][10] - The cumulative signed floor area for pre-sold properties is being tracked, with significant portions already delivered, indicating ongoing market activity[12] - The company is focusing on expanding its market presence through new developments and strategic project completions in various regions[9] Floor Area Metrics - The total signed and delivered floor area for the group during the review period was approximately 27,000 square meters and 6,000 square meters respectively[14] - The Jiangmen Gan Hua project has a total area of 396,600 square meters with a 51% ownership, achieving a 8.5% margin[14] - The Zhuhai Jinwan project has a total area of 166,692 square meters with 100% ownership, achieving a 10.7% margin[14] - The Zhongshan Yuehai City project has a total area of 247,028 square meters with 97.64% ownership, achieving a 7.7% margin[14] - The Foshan Shi Gui Fu project has a total area of 151,493 square meters with 100% ownership, achieving a 6.1% margin[14]

Financial Performance - Revenue for the year ended December 31, 2021, was HKD 6,006,392 thousand, representing a 50.1% increase from HKD 4,000,332 thousand in 2020[24] - Gross profit increased by 182.1% to HKD 3,469,341 thousand from HKD 1,230,004 thousand year-on-year[24] - Profit attributable to owners of the company was HKD 1,402,249 thousand, down 16.6% from HKD 1,681,922 thousand in 2020[24] - Basic earnings per share decreased by 16.6% to HKD 81.93 from HKD 98.27 year-on-year[24] - The profit attributable to the company's owners for 2021 was approximately HKD 1.402 billion, a decrease of about 16.6% from HKD 1.682 billion in 2020[28] - The profit attributable to the company's owners decreased by 16.6% to HKD 1,402,249,000 in 2021 from HKD 1,681,922,000 in 2020[69] - The return on equity dropped by 36.9% to 18.3% in 2021 compared to 29.0% in 2020[69] - The net asset value increased by 34.0% to HKD 93.18 billion in 2021 from HKD 69.55 billion in 2020[69] Dividends and Reserves - Proposed final dividend increased significantly by 553.6% to HKD 0.10 per share from HKD 0.0153 in 2020[24] - The company did not declare an interim dividend during the review period[114] - The company's distributable reserves as of December 31, 2021, were HKD 2,497,319,000[117] - The share premium account of the company stands at HKD 1,688,606,000, which can be distributed in the form of scrip dividends[118] Assets and Liabilities - Total assets increased by 122.0% to HKD 46,308 million from HKD 20,863 million in the previous year[24] - Total liabilities rose to HKD 36,989,727,000, compared to HKD 13,907,408,000 in 2020, reflecting an increase of 165.5%[111] - The total interest-bearing loans increased significantly to approximately HKD 196.64 billion in 2021 from HKD 77.62 billion in 2020, resulting in a debt ratio of 183.3%[75] Employee and Operational Metrics - Employee count increased by 43.9% to 577 from 401 year-on-year[24] - Total employee compensation and provident fund contributions amounted to approximately HKD 283 million in 2021, up from HKD 181 million in 2020[86] - The company established a project co-investment mechanism in 2021, achieving a 100% completion rate for key project milestones in three major projects[34] Real Estate Development - The company successfully acquired land use rights for a site in Guangzhou, covering approximately 116,471 square meters with a total floor area of about 506,000 square meters, enhancing its strategic development in the Greater Bay Area[32] - The company plans to launch pre-sales for its Huizhou Daya Bay project in the second quarter of 2022, with completion expected in 2023[32] - The company holds 100% equity in multiple ongoing projects, including the Shenzhen Yuehai City project, which has a total floor area of approximately 146,551 square meters and is expected to be completed in the second half of 2022[48] - The company is actively expanding its market presence through strategic partnerships and new project developments in key urban areas[53] Market Outlook - The company anticipates that China's economy will grow by 5% in 2022, despite facing multiple downward pressures[35] - The group anticipates a gradual recovery in the real estate market in the Greater Bay Area in 2022, with a slight increase in transaction volume expected[37] Environmental, Social, and Governance (ESG) - The company established an Environmental, Social, and Governance (ESG) Committee in April 2021 to oversee ESG management goals and policies[84] - The company is committed to ensuring that new construction projects comply with national and local environmental protection and energy-saving requirements[84] - The company actively communicates with stakeholders to gather feedback and improve its ESG policies and performance[83] - The company is in the process of preparing its ESG report for the year ending December 31, 2021, expected to be published in May 2022[85] Corporate Governance - Independent non-executive directors bring extensive experience from investment banking and legal sectors, enhancing corporate governance[98] - The company aims to leverage its board's diverse expertise to navigate market challenges and capitalize on opportunities[99] - The management team emphasizes the importance of financial discipline and strategic planning in achieving long-term objectives[100] - The company is committed to maintaining transparency and accountability in its financial reporting and operations[101]

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 ...

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 2,283,775,000, representing a 20.3% increase from HKD 1,898,483,000 in the same period of 2020[6] - Gross profit for the same period was HKD 1,086,215,000, up 24.1% from HKD 875,258,000 year-on-year[6] - Profit attributable to owners of the company dropped by 80.8% to HKD 333,355,000 from HKD 1,736,811,000 in the prior year[6] - Basic earnings per share fell to HKD 0.1948, a decrease of 80.8% compared to HKD 1.0148 in the same period last year[6] - Total comprehensive income for the period was HKD 405,597,000, compared to HKD 1,631,389,000 in the same period last year, reflecting a decrease of 75.2%[80] - The group reported segment revenue of HKD 2,283,775,000 for the current period, an increase from HKD 1,898,483,000 in the same period last year, representing a growth of approximately 20.3%[109] - Adjusted profit before tax for the current period was HKD 806,044,000, compared to HKD 2,619,106,000 in the previous year, indicating a significant decrease of about 69.1%[109][120] Asset and Liability Management - The company's total assets increased by 53.4% to HKD 31,995,000,000 as of June 30, 2021, compared to HKD 20,863,000,000 at the end of 2020[6] - Total liabilities increased to HKD 23,915,160,000 from HKD 13,907,408,000, an increase of 71.6%[85] - The company's net assets amounted to HKD 8,079,718,000, compared to HKD 6,955,311,000, indicating a growth of 16.1%[85] - The total interest-bearing loans amounted to approximately HKD 14.367 billion as of June 30, 2021, up from HKD 7.762 billion at the end of 2020[43] - The debt ratio rose to 132.9%, an increase of 59.2 percentage points from 73.7% at the end of 2020[6] - The company's bank loans amounted to HKD 5,801,969,000 as of June 30, 2021, up from HKD 2,676,271,000 on December 31, 2020, indicating a significant increase of 116.5%[135] Investment Properties - Fair value gains on investment properties significantly decreased to HKD 79,456,000, down 95.8% from HKD 1,894,343,000 in the previous year[6] - The fair value gain from investment properties, net of related deferred tax expenses, was approximately HKD 59.59 million, significantly down from HKD 1.421 billion in the previous year[13] - The company reported a fair value loss on investment properties of HKD 11,443,000 for the period ending June 30, 2021[129] - The company's completed investment properties and properties under development were revalued at HKD 6,494,335,000 as of June 30, 2021, compared to HKD 5,953,642,000 on December 31, 2020, showing a growth of 9.1%[130] Operational Efficiency - The company employed 501 staff, reflecting a 24.9% increase from 401 employees in the previous year[6] - The company is actively expanding its business, with increased sales and marketing expenses, management costs, and financing costs by approximately HKD 123 million, HKD 65.2 million, and HKD 30.21 million, respectively, compared to the same period last year[13] - Sales and marketing expenses rose to approximately HKD 200 million, a 161.3% increase from HKD 76.53 million in the same period last year[39] - The total remuneration for key management personnel increased to HKD 8,392,000 for the six months ended June 30, 2021, from HKD 2,847,000 in the same period of 2020[154] Market and Strategic Positioning - The management emphasized a focus on quality and quantity in project construction while adapting to market conditions post-COVID-19[10] - The company plans to enhance brand influence and optimize product structure to meet core customer demands in the Greater Bay Area[10] - The company aims to mitigate revenue and profit volatility by leasing commercial properties from the Guangzhou Shigui Mansion project and the developing Shenzhen Yuehai City project, which will provide stable rental income[47] - The company is strategically entering core cities in the Greater Bay Area, including Shenzhen, Guangzhou, and Zhuhai, benefiting from favorable development trends in the region[55] Future Projects and Developments - New projects under development include the Shenzhen Yuehai City project, with expected completion dates ranging from 2022 to 2024 for various components[19] - The total floor area for the Zhongshan Yuehai City project is approximately 247,028 square meters, with a focus on high-quality residential development[31] - The company plans to actively seek quality project development opportunities in the Greater Bay Area to address intense market competition for land acquisition[55] - The company has established good cooperative relationships with local governments to facilitate project development and operation[55] Financial Risks and Governance - The group faces various financial risks, including market risk (foreign currency risk and fair value interest rate risk), credit risk, and liquidity risk[164] - The group has not changed its risk management policies since December 31, 2020[165] - The company has established an Environmental, Social, and Governance (ESG) committee to enhance its ESG policies and practices[50]

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]