Financial Performance - Total revenue for the year ended March 31, 2021, was HKD 2,459 million, an increase of 4% compared to HKD 2,375 million in 2020[9] - Operating profit rose to HKD 1,912 million, reflecting a significant increase of 29% from HKD 1,480 million in the previous year[9] - Profit attributable to shareholders surged by 86% to HKD 1,353 million, up from HKD 728 million in 2020[9] - Basic earnings per share increased by 87% to HKD 1.03, compared to HKD 0.55 in the prior year[9] - Gross profit for the same period was HKD 2,394 million, up from HKD 2,132 million, reflecting a significant increase of 12.3%[53] Asset and Liability Management - Total assets increased by 11% to HKD 42,320 million, up from HKD 38,235 million in 2020[9] - Net assets rose by 20% to HKD 22,617 million, compared to HKD 18,851 million in the previous year[9] - The net debt decreased by 11% to HKD 15,348 million, down from HKD 17,269 million in 2020[9] - The asset-liability ratio improved to 49%, down from 62% in 2020, indicating a stronger financial position[9] - The company's total liabilities were HKD 19,703 million, slightly up from HKD 19,384 million, indicating a 1.6% increase[53] Property Development and Investment - The property development business showed encouraging performance, with 50% of the units sold in the "Royal Peak" project in Jardine's Lookout by the end of March 2021[20] - The company is focusing on investment opportunities in prime locations in Hong Kong and first-tier cities in China to enhance its reputation and track record in property development[14] - The company plans to launch the residential development project in Hong Kong's Hung Shui Kiu in the second half of 2022[20] - The Beijing Tongzhou residential development project is expected to be completed in the second half of 2022[20] - The group is actively pursuing land exchange applications for various development projects, including a residential project in Tuen Mun[25] Hotel and Tourism Business - The rental income decreased by 10% over the past year, while the hotel business faced significant setbacks due to the pandemic[20] - Hotel and tourism business revenue dropped 87% to HKD 37 million, with visitor numbers to Hong Kong decreasing by over 99% due to COVID-19[30] - The management anticipates a recovery in the hotel business contingent on the successful lifting of inbound travel restrictions, with positive sales performance in joint venture projects in Beijing and Shanghai[39] Environmental and Sustainability Efforts - The company is committed to implementing environmentally friendly measures in property development, aiming for green building certification[65] - The hotel division has initiated various eco-friendly practices, including a program to reduce linen changes to save water[67] - Direct and indirect energy consumption decreased from 19,185 ('000 kWh) in 2020 to 15,587 ('000 kWh) in 2021, representing a reduction of approximately 18%[64] - Fuel consumption also saw a significant decline from 5,211 ('000 MJ) in 2020 to 2,838 ('000 MJ) in 2021, a decrease of about 45%[64] Corporate Governance - The board of directors consists of six executive directors and three independent non-executive directors, ensuring a diverse governance structure[94] - The company has a clear governance policy, focusing on transparency, accountability, and fairness in its operations[93] - The audit committee, chaired by independent non-executive director Mr. Kan Po Ming, reviewed the group's financial reporting procedures and risk management systems, holding two meetings during the year[102] - The company has adopted the standard code for securities trading by directors, confirming compliance for the fiscal year ending March 31, 2021[103] Community Engagement and Social Responsibility - The company donated a total of HKD 260,000 to various charitable organizations during the reporting year[90] - The "Art Child Care" community care program, established in 2009, has been recognized for its contributions to social care, receiving the "10 Years + Business Care" award in 2019[89] - The company suspended its collaboration with the Hong Kong Society for Rehabilitation due to COVID-19 but continued to support them by donating anti-epidemic supplies[89] Future Outlook and Strategic Initiatives - The company is investing $H million in R&D for new technologies aimed at improving service delivery and customer satisfaction[140] - Recent acquisitions are expected to enhance operational efficiency, projected to save the company $G million annually[140] - The management team expressed confidence in achieving long-term growth targets, with a focus on sustainable practices and innovation[140]

Financial Performance - The company recorded a revenue of HKD 1,262 million for the six months ended September 30, 2020, a slight increase from HKD 1,260 million in the same period of 2019[8]. - Profit attributable to shareholders increased by 3% to HKD 652 million, compared to HKD 635 million in 2019[8]. - Operating profit decreased by 15% to HKD 884 million from HKD 1,036 million in the previous year[8]. - The company reported a profit of HKD 704,433, an increase from HKD 679,376 in the previous period, reflecting a growth of approximately 3.1%[48]. - The net profit for the period was HKD 704,433,000, up from HKD 679,376,000 in the previous period, reflecting a growth of about 3.7%[61]. - Total comprehensive income for the period amounted to HKD 2,520,785, compared to a loss of HKD 32,715 in the prior period[48]. - Basic earnings per share remained stable at HKD 0.49, unchanged from the previous year[44]. - Basic earnings per share for the six months ended September 30, 2020, increased to HKD 651,886,000 from HKD 635,149,000 in 2019, reflecting a growth of approximately 2.9%[124]. Asset and Equity Management - The total asset value increased by 7% to HKD 40,804 million from HKD 38,235 million[8]. - The net asset value rose by 13% to HKD 21,371 million compared to HKD 18,851 million in the previous year[8]. - Total assets as of September 30, 2020, were approximately HKD 40.8 billion, with a net asset value of HKD 21.4 billion, compared to HKD 38.2 billion and HKD 18.9 billion respectively as of March 31, 2020[25]. - The company's equity increased to HKD 21,371,358 from HKD 18,850,573, representing a growth of about 7.9%[54]. - As of September 30, 2020, the total equity attributable to shareholders was HKD 20,573,858,000, an increase from HKD 19,622,948,000 as of March 31, 2020, representing a growth of approximately 4.9%[61]. - The total equity as of September 30, 2020, was HKD 20,560,661,000, compared to HKD 18,214,844,000 on March 31, 2020[179]. Debt and Financing - The debt-to-equity ratio improved to 55% from 62%[7]. - The net debt ratio is approximately 55%, down from 62% as of March 31, 2020, with net current assets of HKD 10.9 billion[28]. - The company has approximately HKD 65 billion in cash and undrawn bank financing as of September 30, 2020, compared to HKD 60 billion as of March 31, 2020[25]. - The total liabilities as of September 30, 2020, were HKD 17,597,335,000, down from HKD 18,030,064,000[172]. - The company provided guarantees amounting to HKD 2.936 billion for bank loans and financing as of September 30, 2020, compared to HKD 2.999 billion as of March 31, 2020[29]. Investment and Revenue Sources - The company reported significant sales in its Beijing Tongzhou development project, with sales exceeding RMB 2.3 billion as of the end of October 2020[12]. - The Shanghai high-end villa and apartment project "Yingting Mingzhu" achieved a cumulative contract sales amount of approximately RMB 1.1 billion, with 97% of the third phase units sold[12]. - Property leasing contributed HKD 104,715,000 to revenue, while financial investments generated HKD 1,111,863,000[84]. - The income from the investment portfolio rose to HKD 1.11 billion, up from HKD 921 million in the previous year, attributed to further investments in debt securities[24]. - The company anticipates profit recognition from pre-sold residential units to begin after delivery in 2021[12]. Operational Developments - The company is currently conducting internal renovations for its mixed-use development project in Beijing, with construction of two commercial buildings already underway[12]. - The commercial building "Kaihui" in Kowloon Bay is undergoing renovations and is expected to be completed by Q4 2020, offering approximately 800,000 square feet of lettable area[16]. - The residential development project near Tuen Mun Light Rail Station is in the process of applying for land exchange, expected to provide approximately 67,000 square feet of residential floor area[16]. Market and Economic Conditions - The hotel business revenue decreased by 87% to HKD 18 million due to a drop in tourist arrivals exceeding 99%, resulting in a pre-depreciation loss of HKD 23 million[22]. - The management maintains a cautious approach to mitigate any negative impacts from the current economic environment[33]. - The group anticipates continued growth driven by fixed income from debt securities investments amid ongoing market volatility[33]. Employee and Operational Metrics - The group employed approximately 230 staff as of September 30, 2020, down from 240 as of March 31, 2020[33]. - The total cost of employee benefits, including director remuneration, was HKD 65,965 million, a decrease from HKD 104,283 million, reflecting cost management efforts[108]. Risk Management and Compliance - The company has not reported any significant changes in its overall risk management since the last fiscal year, maintaining its approach to financial risk factors[67]. - The company adopted new accounting standards effective from January 1, 2020, which did not have a significant impact on the financial results for the current period[66]. - The company continues to evaluate its financial instruments using observable market data, ensuring compliance with fair value measurement standards[75].

Financial Performance - The company reported a revenue of HKD 2,375 million for the year ending March 31, 2020, representing an 8% increase from HKD 2,207 million in 2019[7] - Operating profit decreased by 22% to HKD 1,480 million, down from HKD 1,900 million in the previous year[7] - Profit attributable to shareholders fell by 48% to HKD 728 million, compared to HKD 1,389 million in 2019[7] - Basic earnings per share decreased by 48% to HKD 0.55 from HKD 1.05 in the prior year[7] - Total assets increased by 1% to HKD 38,235 million, up from HKD 37,913 million[7] - The group recorded revenue of HKD 2,375,000,000 for the fiscal year, an increase of 8% compared to HKD 2,207,000,000 in the previous year[21] - Shareholders' profit attributable to the company was HKD 728,000,000, down from HKD 1,389,000,000 in the previous year due to investment property revaluation losses[21] - Revenue for the year ended March 31, 2020, was HKD 2,375 million, an increase of 7.6% from HKD 2,207 million in 2019[50] - Gross profit for the same period was HKD 2,132 million, up from HKD 1,919 million, reflecting a growth of 11.1%[50] - Total liabilities rose to HKD 19,384 million from HKD 17,481 million, an increase of 10.9%[50] Asset Management - Total assets increased to HKD 38,235 million from HKD 37,913 million, a growth of 0.8%[50] - The group's total assets were approximately HKD 38.2 billion, with net assets valued at HKD 18.9 billion, down from HKD 20.4 billion in the previous year[35] - The group's revalued total assets were approximately HKD 47.1 billion, down from HKD 47.3 billion in the previous year[35] - The net asset value after revaluation was HKD 27,734 million, a decrease from HKD 29,784 million[50] - As of March 31, 2020, the group's net property assets amounted to HKD 17.9 billion, an increase from HKD 16.5 billion in 2019[39] Investment and Sales - The company achieved over HKD 1 billion in contracted sales for the "皇第" project in Hong Kong by the end of May 2020[11] - The group achieved contract sales of approximately RMB 1.7 billion for the residential project in Beijing Tongzhou, with pre-sales starting in July 2019[25] - The group reported contract sales of approximately RMB 900 million for the final phase of the high-end villa and apartment project in Shanghai, with over 90% sold[25] - The investment portfolio's income rose to HKD 1.82 billion from HKD 1.42 billion, attributed to further debt securities investments[34] - The group anticipates strong sales performance in its Beijing and Shanghai projects as the mainland property market stabilizes[39] Financial Position and Liquidity - The company is in a strong financial position with sufficient liquidity to seize potential development and investment opportunities[12] - Net debt increased to HKD 17.3 billion from HKD 15.7 billion, resulting in a net debt to revalued net asset ratio of approximately 62%[36] - Cash and undrawn bank financing exceeded HKD 6 billion, down from HKD 7.3 billion in the previous year[35] - The group maintains a robust financial position with a strong liquidity status and prudent financial management policies to manage risks[17] Corporate Governance - The board consists of six executive directors and three independent non-executive directors, with the chairman and CEO being different individuals[97] - The board held three meetings during the year, with all directors attending 100% of the meetings[101] - The audit committee, composed entirely of independent non-executive directors, held two meetings to review the financial reporting processes and internal controls[106] - The company confirmed compliance with the standard code for securities trading by all directors during the fiscal year[108] - The board has a diversity policy that considers various factors such as gender, age, and industry experience when evaluating its composition[102] Social Responsibility and Compliance - The company provided a total of HKD 1,220,000 in donations to various charitable organizations during the reporting year[92] - The company has complied with all relevant laws and regulations regarding health and safety, with no significant violations reported during the year[82] - The company has established compliance procedures to ensure adherence to applicable laws and regulations, with no reported cases of corruption or bribery[85] - The company has received recognition for its ongoing contributions to social responsibility, including the "10 Years + Business Caring Award" from the Hong Kong Council of Social Service[92] Operational Challenges - Overnight visitors to Hong Kong decreased by 42.5% to approximately 17.3 million, with mainland visitors dropping by 43%[32] - Hotel revenue fell by 45% to HKD 297 million, down from HKD 543 million in the previous year, with an average occupancy rate of 61% compared to 93% in the prior year[32] - The group took measures to reduce operating costs and delay capital expenditure plans in response to the pandemic[32] Employee Management - The group employed about 240 employees as of March 31, 2020, down from 350 in 2019[39] - The company offers educational assistance for employees to participate in external professional courses[73] - The company has provided comprehensive training for new employees on workplace safety procedures[72] Environmental Initiatives - The company has implemented energy-saving measures and upgraded equipment to enhance efficiency and reduce emissions[62] - The total amount of non-hazardous waste generated was 1,843 tons, significantly reduced from 4,749 tons in the previous year[58] - The company has a commitment to environmental procurement by prioritizing organic and sustainably sourced products[76] Shareholder Engagement - The company has a process for shareholders to propose resolutions at the annual general meeting, requiring a minimum of 1/20 of the total voting rights or at least 100 shareholders to submit a request[122] - The company is committed to providing fair market compensation to attract and retain high-quality employees[106] - The company’s website provides timely information for shareholders, investors, and the public[133]

Financial Performance - The company reported revenue of HKD 1,260 million for the six months ended September 30, 2019, representing a 22% increase from HKD 1,031 million in 2018[9]. - Shareholders' profit attributable to the company decreased by 30% to HKD 635 million, down from HKD 909 million in the previous year[9]. - The operating profit for the period was HKD 1,036 million, a decline of 6% compared to HKD 1,103 million in 2018[9]. - The net profit for the period was HKD 679.4 million, a decrease from HKD 931.5 million in the previous year, representing a decline of approximately 27%[45]. - The basic earnings per share for the period was HKD 0.48, down from HKD 0.69 in the previous year, indicating a decrease of about 30.4%[45]. - The company's profit for the six months ended September 30, 2019, was HKD 679,376,000, a decrease of 27% compared to HKD 931,464,000 in 2018[12]. - The total comprehensive income for the period was HKD 679,376,000, down from HKD 931,464,000 in the previous year, reflecting a decline of approximately 27%[59]. - The company reported a net loss of HKD 82,678,000 for the period, compared to a loss of HKD 35,087,000 in 2018, indicating a worsening of 135.0%[106]. Assets and Liabilities - The total asset value as of September 30, 2019, was HKD 37,329 million, reflecting a 2% decrease from HKD 37,913 million[9]. - The group's total assets were approximately HKD 37.3 billion, with net assets remaining stable at HKD 20.4 billion[27]. - The company's total assets pledged to banks as collateral for financing amounted to HKD 16.4 billion as of September 30, 2019, slightly down from HKD 16.5 billion on March 31, 2019[31]. - The company's total liabilities decreased to 9,534,092 thousand HKD as of September 30, 2019, from 10,000,000 thousand HKD as of March 31, 2019[184]. - The company’s total equity decreased slightly to HKD 20,358,237,000 from HKD 20,431,837,000 as of March 31, 2019[52]. - The company reported a total equity of 19,609,751 thousand HKD, a decrease from 19,677,761 thousand HKD as of March 31, 2019[176]. Investment Activities - The company plans to continue investing in debt securities to enhance investment income[14]. - The company achieved contract sales exceeding RMB 700 million for its residential project in Beijing Tongzhou, with the first phase of pre-sales starting in mid-July 2019[14]. - The group has achieved a contract sales amount of CAD 140 million for the "Landmark on Robson" project, which includes two residential towers with a total floor area of approximately 400,000 square feet[18]. - The company reported a fair value loss of HKD 583,905,000 on financial assets measured at fair value through other comprehensive income as of September 30, 2019[59]. - The company has terminated recognition of 6 debt securities and 4 equity securities during the period, indicating active portfolio management[101]. Market and Operational Insights - The average occupancy rate for Hong Kong hotels decreased to 80%, down from 95% in the previous year, with an average room rate decline of 17%[23]. - The management anticipates continued performance in property sales in Beijing and Shanghai, expecting stability in the mainland property market for the second half of the fiscal year[35]. - The company is adopting a cautious approach in light of the local political events affecting its leasing business, particularly in the retail sector[35]. - The company operates in four main business segments: property sales, property leasing, hotel and tourism, and financial investments[84]. Financial Risks and Management - The company continues to face various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in overall risk management since the last fiscal year[72]. - The group regularly conducts credit assessments on customers to manage credit risk associated with trade receivables[136]. Employee and Operational Costs - Employee benefits expenses increased to HKD 104,283,000 from HKD 95,765,000, reflecting an increase of 8.0%[110]. - The total cost of sold properties and goods was HKD 3,340,000, a decrease from HKD 6,009,000 in 2018, representing a decline of 44.4%[110]. - The company did not recommend an interim dividend for the six months ended September 30, 2019, consistent with the previous year[120].

Financial Performance - The company reported a total revenue of HKD 37,913 million for 2019, representing a 17% increase compared to HKD 32,485 million in 2018[8]. - The net profit attributable to shareholders increased by 7% to HKD 13.89 billion, with total equity rising to HKD 274 billion[10]. - The company’s recurring income (total income) was reported at HKD 20,432 million, a 6% increase from HKD 19,364 million in 2018[8]. - The company’s total assets increased to HKD 19,691 million, reflecting a 5% growth from HKD 18,669 million in the previous year[8]. - The group recorded revenue of HKD 1,749 million for the fiscal year, an increase from HKD 1,389 million in the previous year, primarily due to reinvested interest and further investments in debt securities[22]. - The financial investment income increased by 50%, contributing significantly to the group's recurring income and cash flow[18]. - Revenue for the year ended March 31, 2019, was HKD 2,207 million, an increase of 26.1% from HKD 1,749 million in 2018[50]. - Gross profit for the same period was HKD 1,919 million, up 33.4% from HKD 1,438 million in 2018[50]. - Operating profit reached HKD 1,900 million, reflecting a growth of 11.5% compared to HKD 1,704 million in 2018[50]. - Total assets increased to HKD 37,913 million, up 16.5% from HKD 32,485 million in 2018[50]. - Total liabilities rose to HKD 17,481 million, an increase of 33.5% from HKD 13,121 million in 2018[50]. Market Expansion and Strategy - The company plans to expand its market presence through new product development and strategic acquisitions[11]. - The company aims to maintain a strong financial position while pursuing growth opportunities in emerging markets[11]. - The company anticipates continued growth in the hospitality sector, driven by increased tourism and business travel[11]. - The group focuses on enhancing its core business performance and seeks investment opportunities in prime properties in first-tier cities in China[18]. - The company is committed to developing new strategies for market expansion and product innovation[160]. Operational Efficiency and Technology - The company is focusing on enhancing its operational efficiency and exploring new technologies to improve service delivery[11]. - The group’s hotel performance continues to improve, supported by the new operations at the Kowloon High-Speed Rail Station and the addition of 90 rooms at the Tsim Sha Tsui hotel[22]. - The company has implemented energy-efficient systems in its hotels, including a switch to environmentally friendly water-cooled air conditioning systems[61]. Financial Management and Position - The company achieved a debt-to-equity ratio of 53%, an increase of 12% from 41% in 2018[8]. - The group maintains a strong financial position with sufficient liquidity to seize potential investment opportunities despite geopolitical uncertainties[22]. - The group is committed to prudent financial management to effectively manage risks and maintain a robust balance sheet[20]. - The company’s debt ratio (net debt to revalued asset net worth) is approximately 53%, up from 41% in the previous year[37]. - The total cash and securities amount to HKD 16.4 billion, with a current debt of HKD 4 billion, representing a 4.1 times coverage[40]. Corporate Governance - The board consists of six executive directors and three independent non-executive directors, ensuring a diverse governance structure[100]. - The board has implemented a policy for board member diversity, considering factors such as gender, age, and industry experience[105]. - The company is committed to maintaining high corporate governance standards through transparency and accountability[99]. - The board believes that the risk management and internal control systems were effective during the financial year and adequately protected the interests of shareholders and the group's assets[121]. Community Engagement and Social Responsibility - The group has actively contributed to community initiatives, including the "Art for Children" program, which supports children with special needs[89]. - The group organized multiple community events in 2019, including workshops and celebrations for children with developmental disabilities[90]. - The group has received recognition for its corporate social responsibility efforts, including the "10 Years+ Caring Company" award[89]. - The group donated a total of HKD 1,107,000 to various charitable organizations during the reporting year[24]. Employee Management and Development - The group emphasizes employee health and safety, providing medical insurance and competitive benefits[68]. - The group conducts regular training courses to enhance occupational safety and customer service skills[71]. - The group employs approximately 350 staff, an increase from 340 in 2018, with a compensation package aligned with job nature and experience[40]. Environmental Initiatives - The company has adopted various environmental measures to reduce waste and promote recycling in its hotel operations[66]. - The total water consumption for the year was 237,193 cubic meters, an increase from 194,811 cubic meters in 2018[62]. - The group prioritizes environmentally friendly procurement, selecting organic and sustainably sourced products to reduce environmental impact[75]. Shareholder Rights and Communication - Shareholders have the right to propose suggestions and convene meetings at the annual general meeting, subject to applicable laws and regulations[125]. - The company emphasizes high transparency and has conducted multiple meetings with local and institutional investors throughout the year[137]. - The company has a website for shareholders and the public to access timely information[138].