Financial Performance - Revenue for the period reached HKD 1,392.7 million, representing an increase of 118.5% compared to HKD 637.5 million in 2020[4] - Net profit for the period was HKD 197.9 million, a significant increase from HKD 981.8 million in 2020[4] - The company's gross profit margin decreased to 52.5% from 70.2% in 2020[6] - Operating profit for the period was HKD 731.7 million, up from HKD 82.1 million in 2020[6] - Earnings per share increased to HKD 0.025, compared to HKD 0.012 in 2020[6] - The company reported a total comprehensive income of HKD 440.5 million, compared to HKD 447.6 million in 2020[6] - The company reported a revenue of 508 million for the period ending April 2021, compared to 585 million in the same period of the previous year, reflecting a decrease of approximately 13.2%[10] - The company reported a revenue of 88,000 million for the first half of 2021, representing a 40% increase compared to the previous period[12] - For the period ending September 30, 2021, the company reported total revenue of 952,217 for the period ending September 30, 2021, compared to 440,465 for the same period in 2020, representing a year-over-year increase of approximately 116.2%[22] - The company reported total revenue of 28,726 million, an increase from 22,605 million in the previous period, representing a growth of approximately 27.5%[60] User Engagement - User data indicated a total of 1,062,000 active users, which represents a growth of 28% year-over-year[10] - User data showed a total of 30,000 active users as of September 30, 2021, with a growth of 29% year-over-year[12] - User data showed a significant increase in active users, with 1,392,682 reported for the current period, up from 637,503 in the previous year, indicating a growth of about 118.5%[22] - User data for the period ending September 30, 2021, showed a total of 1,033,420 users, compared to 1,669,552 users as of March 31, 2021, indicating a significant drop in user base[52] - The total user base grew to 17.28 million, compared to 21.01 million in the previous year, indicating a decline of approximately 17.5%[42] Market Expansion and Strategy - The company plans to expand its market presence and invest in new product development[5] - Future guidance indicates continued growth in revenue and profitability for the upcoming periods[5] - The company is exploring potential mergers and acquisitions to enhance its market position[5] - The company is exploring market expansion opportunities in Southeast Asia, aiming to increase its market share by 15% in the next fiscal year[11] - The company plans to expand its market presence, targeting a user base of 105,500 by the end of 2024[14] - The overall market expansion strategy includes entering new geographic regions, with a target of 26 million in revenue from these areas by the end of 2022[14] - The company plans to expand its market presence and invest in new product development to drive future growth[19] - The company is exploring potential acquisitions to enhance market presence and diversify its product offerings[26] - The company plans to expand its market presence and invest in new product development to drive future growth[42] - The company is exploring potential acquisitions to enhance its market position and product offerings[42] Research and Development - New product development efforts are focused on enhancing user experience, with an investment of 96,000 in R&D for innovative technologies[10] - Research and development efforts are focused on enhancing product features, with an investment of 27 million allocated for new technology[14] - The company is focusing on enhancing its research and development efforts to drive innovation and improve product offerings in the future[56] - Research and development expenses increased to $872 million, up from $166 million in the previous year, highlighting a focus on innovation[42] - The company emphasized the importance of research and development in driving future growth and maintaining a competitive edge[79] Operational Efficiency - The gross margin for the latest quarter was reported at 90%, maintaining a strong profitability level despite revenue fluctuations[10] - The company reported a significant increase in operational efficiency, achieving a 15% reduction in costs through improved processes[14] - The company reported a significant increase in operational efficiency, with a reduction in operational costs by approximately 15% compared to the previous quarter[56] - The company aims to enhance its operational efficiency, targeting a reduction in costs by 10% over the next fiscal year[72] Future Outlook - The company provided a future outlook, projecting a revenue increase of 30% for the next quarter, driven by new product launches and market expansion strategies[11] - The future outlook remains positive with expectations of revenue growth driven by market expansion and new product introductions[19] - The future outlook remains optimistic, with projected revenue growth driven by increased user engagement and new product offerings[24] - Future guidance indicates a continued upward trend in revenue and profitability, with expectations of further market penetration and user growth[36] - The company provided a positive outlook for the future, projecting continued growth and expansion in key markets[78]

Financial Performance - The Group reported a gross profit of HK$647,342,000 for the year ended March 31, 2021, compared to HK$1,506,653,000 in the previous year, indicating a significant decrease[12]. - Total revenue decreased to HK$1,317.1 million, down 44.4% from HK$2,365.4 million in 2020[16]. - Rental income fell to HK$898.7 million, representing 68.2% of total revenue, compared to 42.6% in 2020[16]. - Revenue from property sales was HK$82.2 million, contributing 6.2% to total revenue, down from 6.1% in 2020[17]. - Hospitality segment revenue declined to HK$336.2 million, accounting for 25.5% of total revenue, down from 51.3% in 2020[18]. - Gross profit decreased to HK$647.3 million, with a significant reduction in fair-value loss on investment properties to HK$1,210.6 million from HK$4,129.5 million[19]. - Loss attributable to the owners of the Company decreased to HK$767.4 million, compared to HK$3,644.4 million in 2020[19]. - Basic loss per share improved to HK$0.21 from HK$0.99 in the previous year[19]. - The Company has not entered into any new equity-linked agreements during the Year, aside from the existing share option scheme[137]. - The Directors' report includes a summary of the Group's financial performance over the last five years, providing insights into trends and changes[137]. Dividends - The annual results announcement was made on June 22, 2021, with a final dividend of HK$0.012 per share declared[7]. - The Board recommended a final dividend of HK$0.012 per share, down from HK$0.035 in 2020, resulting in total dividends of HK$0.024 per share[19]. - A special dividend of HK$0.01 per share, totaling approximately HK$36.8 million, was declared to shareholders[84]. - The Group paid an interim dividend of HK$0.012 per share for the Year, totaling approximately HK$44.1 million, a decrease from HK$0.035 per share and HK$128.7 million in the previous year[128]. - The Directors recommended a final dividend of HK$0.012 per share, amounting to approximately HK$44.1 million, subject to shareholder approval[129]. Property Development and Investments - The Group disposed of several properties, primarily retail complexes and industrial units, for a total consideration of HK$889.5 million, unlocking asset value and saving reserves for future investments[39]. - Subsequent to the year, the New Media Tower was sold for HK$508.0 million, further enhancing the Group's financial position[40]. - The Emperor Group Centre in Beijing, with a gross floor area of approximately 1,062,000 square feet, has attracted reputable office tenants and premium brands, marking a significant milestone in mainland China[41]. - The redevelopment project at No. 27 Oxford Street in London was completed in early 2021, transforming it into a 9-storey retail and office building with a gross floor area of approximately 19,000 square feet[49]. - The Group is transforming two adjacent buildings at Nos. 75-85 Lockhart Road, Wan Chai, into a Grade-A office building with a gross floor area of approximately 96,000 square feet, scheduled for completion in 2021[53]. - A 14-storey industrial building at No. 4 Kin Fat Lane, Tuen Mun, has been successfully converted into a commercial building with a gross floor area of approximately 179,000 square feet, supporting diverse functions[54]. - The Emperor Star City in Shanghai is set to be developed into a shopping arcade and hotel or serviced apartment complex, with an expected gross floor area of approximately 1,300,000 square feet[58]. - As of March 31, 2021, 45 units of the Central 8 residential tower were sold at an average price of over HK$30,000 per square foot, with a total gross floor area of approximately 34,000 square feet[60]. - Peak Castle, a luxurious low-rise development in Tuen Mun, has seen all houses sold subsequent to the year[61]. - Seaside Castle project comprises 8 luxury detached houses with a gross floor area of approximately 29,000 square feet, completed and launched to the market after the year[62]. - The project at No. 15 Shouson Hill Road West has a gross floor area of approximately 88,000 square feet and is 40% owned by the Group, completed during the year and soon to be launched[68]. - The redevelopment at Nos. 20-26 Old Bailey Street & No.11 Chancery Lane is planned for a 26-storey luxury residential tower, completion expected in 2023[70]. - The site at No. 1 Wang Tak Street, Happy Valley, will be redeveloped into a 27-storey residential tower with a gross floor area of approximately 58,000 square feet, planned for completion in 2023[71]. - The existing building at Nos. 24-30 Bonham Road will be redeveloped into a 27-storey residential complex with a gross floor area of approximately 104,000 square feet, completion planned for 2023[72]. - The Group acquired investment properties at a cost of approximately HK$193.4 million and incurred costs of approximately HK$339.2 million on investment properties under development during the Year[137]. Financial Position and Funding - As of March 31, 2021, the Group's net asset value was HK$27,069.5 million, a slight decrease from HK$27,200.2 million in 2020, with net asset value per share at HK$7.36 compared to HK$7.40 in 2020[91]. - The Group's cash, bank balances, and bank deposits increased to HK$4,133.9 million in 2021 from HK$3,924.1 million in 2020[92]. - Total external borrowings amounted to approximately HK$27,284.4 million, up from HK$27,087.3 million in 2020, with a net gearing ratio of 38.4%, unchanged from the previous year[92]. - The Group issued unsecured notes totaling US$250.0 million with a coupon interest rate of 4.5% and a maturity of three years due in September 2023[93]. - As of March 31, 2021, assets with a carrying value of HK$45,617.8 million were pledged as security for banking facilities, an increase from HK$44,534.8 million in 2020[94]. - The Group maintains multiple funding sources, including bank borrowings and bond issuances, to finance its operations[93]. Market Outlook and Strategy - The Group remains cautiously optimistic about the local residential property market outlook, supported by limited land supply and underlying demand for residential units[87]. - The macro economy is expected to gradually recover, aided by vaccination programs and government fiscal support[85]. - The Group plans to enhance its investment properties portfolio and expand its land bank for future property development[83]. - The Group remains cautiously optimistic about the local residential property market due to limited land supply and strong demand, alongside a low-interest environment[89]. - The Group has established a robust project development timeline for property development in the coming years and will initiate sales at the appropriate time[89]. - The Group continues to pursue commercial development opportunities to maintain a balanced investment property portfolio[89]. - The Group has expanded its property portfolio in Greater China and overseas, including a mega commercial complex in Beijing and the largest beach-front lifestyle shopping complex in Hong Kong[113]. - The Group is actively developing smart facility solutions, integrating innovative technologies to enhance market expansion[113]. - The management team has over 40 years of combined experience in property investment, development, and management across various regions[110]. - The Group's strategic planning includes diverse business segments such as financial services, retail, and entertainment production[113]. Corporate Governance and Management - The Company has a strong focus on corporate governance, with independent directors overseeing key committees[119][120][121]. - The Company has introduced innovative ideas to enhance its business operations and capitalize on new opportunities[113]. - The management team is involved in evaluating new business opportunities and strategic planning for growth[113]. - The Group's executive directors hold significant qualifications and experience in their respective fields, ensuring effective leadership[110][119][120]. - The remuneration of employees is determined based on individual responsibilities, skills, experience, and market pay levels[154]. - The company has a written remuneration policy ensuring alignment with business strategy and shareholder interests[152]. - Directors' fees are paid in line with market practices, ensuring no individual determines their own remuneration[152]. - The Company considers all Independent Non-executive Directors to be independent as per Rule 3.13 of the Listing Rules[182]. Shareholding Structure - Ms. Semon Luk holds a deemed interest in 2,747,610,489 shares, representing 74.71% of the issued voting shares[156]. - Mr. Alex Yeung also holds a deemed interest in the same 2,747,610,489 shares, equating to 74.71% of the issued voting shares[156]. - Ms. Vanessa Fan owns 10,500,000 shares, which is 0.29% of the issued voting shares[156]. - The company has a total of 2,747,610,489 shares held by a wholly-owned subsidiary, reflecting significant ownership concentration[159]. - As of March 31, 2021, Ms. Semon Luk holds 851,352,845 shares in Emperor E Hotel, representing 70.38% of the issued voting shares[164]. - Mr. Alex Yeung has deemed interests in 2,747,610,489 shares, which is 74.71% of the voting shares, through a private discretionary trust[177]. - The shares held by AY Holdings and Dr. Albert Yeung are the same as those held by Ms. Semon Luk and Mr. Alex Yeung, totaling 2,747,610,489 shares[177]. Legal and Compliance - The Group's principal risks and uncertainties are outlined in the Corporate Governance Report, highlighting the importance of compliance with relevant laws and regulations[131]. - The company maintains permitted indemnity provisions for potential liabilities associated with legal proceedings against directors[147]. - The Company has not entered into any arrangements for Directors or chief executives to acquire benefits through shares or debentures during the year[169]. - The Directors believe that the Group's interests are adequately safeguarded despite some Directors having interests in competing businesses[181].

Financial Performance - Total revenue for the six months ended September 30, 2020, decreased to HKD 637.5 million, down 48.5% from HKD 1,238.0 million in 2019[6] - The company recorded a loss attributable to shareholders of HKD 990.2 million, compared to a profit of HKD 519.3 million in 2019[9] - Basic loss per share was HKD 0.27, compared to a profit of HKD 0.14 per share in 2019[9] - The group reported an operating loss of HKD 827,697,000 for the six months ended September 30, 2020, compared to an operating loss of HKD 12,348,000 in the same period of 2019[47] - The loss attributable to shareholders for the period was HKD 990,157,000, compared to a loss of HKD 519,311,000 in the same period of 2019, representing an increase in losses of approximately 90.5%[47] - The group reported a loss before tax of HKD 1,063,956,000 for the period, compared to a loss of HKD 354,199,000 in the same period last year[68] Revenue Breakdown - Rental income fell by 12.8% to HKD 447.6 million compared to HKD 513.5 million in 2019, impacted by rent concessions to retail tenants[8] - Hotel and related business revenue dropped to HKD 107.8 million, a decline of 85.1% from HKD 724.6 million in 2019, due to travel restrictions[8] - Property sales revenue was HKD 82.1 million, with contributions solely from the sale of properties[8] Dividends - The company declared an interim dividend of HKD 0.012 per share, down from HKD 0.035 per share in 2019[9] - The board declared an interim dividend of HKD 0.012 per share, down from HKD 0.035 per share in 2019, totaling approximately HKD 44,100,000 compared to HKD 128,700,000 in the previous year[44] Asset and Liability Management - The group's net asset value as of September 30, 2020, was HKD 26,474,300,000, down from HKD 27,200,200,000 as of March 31, 2020, representing a decrease of approximately 2.65%[40] - Cash, bank balances, and deposits amounted to HKD 3,850,400,000 as of September 30, 2020, compared to HKD 3,924,100,000 as of March 31, 2020, indicating a decline of about 1.88%[40] - The total external borrowings (excluding payables) were approximately HKD 27,611,900,000 as of September 30, 2020, an increase from HKD 27,087,300,000 as of March 31, 2020, reflecting a rise of about 1.94%[40] - The group's net debt ratio was 39.5% as of September 30, 2020, compared to 38.4% as of March 31, 2020, indicating a slight increase in leverage[40] Property Development and Projects - The group aims to diversify its rental income sources by expanding its property portfolio beyond Greater China to the UK[12] - The revitalization projects for several properties have received planning approval, allowing for increased non-residential plot ratios[15] - The group is developing a Grade A office building at 75-85 Lockhart Road, Wanchai, with a total floor area of approximately 96,000 sq ft, expected to be completed in 2021[20] - A 14-story industrial building at 4 Kin Fat Lane, Tuen Mun, with over 178,000 sq ft, is being transformed into a commercial building, with renovation and expansion works nearing completion[20] - The group is developing a mixed-use shopping mall and hotel or serviced apartment complex in Huangpu District, Shanghai, with a total floor area of approximately 1,300,000 sq ft[22] - The group has sold 39 units at the 29-story residential building at 8-10A Moro Temple Street, totaling approximately HKD 305.3 million in sales, with 1 unit remaining unsold as of September 30, 2020[25] - A new residential project at 9 Cheng Lai Road, Tuen Mun, will consist of 8 luxury sea-view houses with a total floor area of approximately 29,000 sq ft, expected to be completed in 2021[26] - The group has a 40% stake in a luxury residential project at 1198 Shoushan Mountain, with a total floor area of approximately 88,000 sq ft, expected to be completed in 2021[28] - A redevelopment project at 24-26A D'Aguilar Street, Central, is planned to be a 26-story luxury residential building, expected to be completed in 2023[29] Hotel and Hospitality Sector - The group has established the Emperor Hotel Group, which includes several hotels and serviced apartments in Hong Kong and Macau, contributing to the group's revenue from the hotel and gaming sectors[33] - The Emperor Hotel in Wanchai has 299 rooms and a total floor area of approximately 115,000 sq ft, enhancing the brand recognition of the hotel services division[34] - The group’s serviced apartment, MORI MORI, won the "Best Luxury Serviced Apartment" award at the Squarefoot Serviced Apartment Awards 2020, reflecting its modern design and high-quality service[34] Financial Condition and Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2020, was HKD 133,718, compared to a negative cash flow of HKD 412,591 in the same period last year[57] - The company reported a net cash outflow from investing activities of HKD 1,388,670, which increased from HKD 867,605 in the previous year[57] - Total current liabilities reached HKD 8,971,821, up from HKD 8,189,937 as of March 31, 2020[53] - The total assets less current liabilities stood at HKD 51,245,887, a decrease from HKD 52,106,878 in the previous period[53] - Cash and cash equivalents at the end of the reporting period were HKD 1,801,199, down from HKD 2,943,493 at the beginning of the period[57] - The company’s total liabilities amounted to HKD 22,385,118, slightly up from HKD 22,384,674 in the previous period[53] - The company’s equity attributable to owners decreased to HKD 26,474,271 from HKD 27,200,235[53] - The company experienced a net decrease in cash and cash equivalents of HKD 1,152,355 during the reporting period[57] Market Outlook and Strategy - The group plans to continue monitoring market conditions and adjust strategies accordingly, focusing on identifying commercial properties with redevelopment potential[37] - The group has a cautious optimistic outlook for the long-term prospects of the property market, supported by limited land supply and rigid demand for residential units[39] Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code during the reporting period[127] - The interim financial statements have not been audited or reviewed by the company's auditor but were reviewed by the audit committee[129] - The board of directors has confirmed compliance with the trading rules during the reporting period[127] Shareholder Information - As of September 30, 2020, Ms. Lu held 2,747,610,489 shares, representing 74.71% of the voting shares of the company[118] - Mr. Yang, as a qualified beneficiary of a private discretionary trust, also holds 2,747,610,489 shares, equivalent to 74.71% of the voting shares[118] - The group has no other disclosed interests in shares or related securities by directors or key executives as of September 30, 2020[121]

英皇集團(國際)有限公司 Emperor International Holdings Limited Incorporated in Bermuda with limited liability (Stock Code:163) 於 百 務 達 註 冊 成 立 之 有 限 公 司 （ 股 份 代 號 : 1 6 3 ) 瞻 高 築 遠 成 就 卓 見 BUILDING FOR THE FUTURE AND PURSUING EXCELLENCE ANNUAL REPORT 2019/2020 2019 / 2020 年報 CONTENTS | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | ...

Financial Performance - Total revenue for the six months ended September 30, 2019, decreased to HKD 1,238,031,000, a decline of 19.4% compared to HKD 1,536,451,000 in 2018[3] - The company recorded a loss attributable to shareholders of HKD 519,311,000, compared to a profit of HKD 2,504,915,000 in 2018, reflecting a significant downturn[7] - Basic earnings per share were reported at a loss of HKD 0.14, compared to earnings of HKD 0.68 per share in the previous year[7] - The group experienced a significant decrease in gross profit, reporting HKD 858.8 million compared to HKD 1,094.8 million in the previous year, reflecting a decline of approximately 21.5%[42] - The group’s operating loss was HKD 12.3 million, contrasting with an operating profit of HKD 3.1 billion in the same period last year[42] - The group’s total comprehensive loss for the period was HKD 1,034.1 million, compared to a comprehensive income of HKD 1,703.8 million in 2018[44] - The net loss for the period was HKD 439,866,000, compared to a profit of HKD 2,575,489,000 in the previous year[106] Revenue Sources - Rental income fell to HKD 513,455,000, down 13.1% from HKD 590,521,000 in the previous year, accounting for 41.5% of total revenue[6] - Service income from gaming operations increased to HKD 559,548,000, up 2.5% from HKD 546,677,000 year-on-year[103] - Hotel room revenue decreased to HKD 90,387,000, down 18.6% from HKD 111,078,000 in the previous year[103] - The group’s rental income from investment properties was HKD 724,576,000, down from HKD 945,930,000 in the previous year[103] Dividends and Shareholder Returns - The interim dividend declared was HKD 0.035 per share, a decrease of 25.5% from HKD 0.047 per share in 2018[3] - The board declared an interim dividend of HKD 0.035 per share, totaling approximately HKD 128.7 million, down from HKD 172.8 million in 2018[40] Assets and Liabilities - The group's net asset value as of September 30, 2019, was HKD 30,509,600,000, down from HKD 31,835,100,000 as of March 31, 2019[8] - Cash and bank deposits totaled HKD 3,428,700,000 as of September 30, 2019, compared to HKD 3,944,500,000 on March 31, 2019[10] - The company’s total liabilities decreased from HKD 34,357,840 as of March 31, 2019, to HKD 33,041,239 as of September 30, 2019, reflecting a reduction of approximately 3.8%[49] - Non-current liabilities totaled HKD 24,668,603 as of September 30, 2019, compared to HKD 23,081,444 as of March 31, 2019, representing an increase of approximately 6.9%[49] - The company’s total liabilities related to connected parties amounted to HKD 1,169,744,000 as of September 30, 2019, down from HKD 1,229,228,000 as of March 31, 2019[151] Investment and Development Projects - The company acquired a premium investment property located in Sheung Wan, Hong Kong, enhancing its property portfolio and income base[16] - The group is developing a mixed-use building in Shanghai with a total floor area of approximately 1,300,000 square feet, which will include a shopping mall and hotel or serviced apartments[23] - The group plans to complete a Grade A office project in Wan Chai, Hong Kong, with a total floor area of about 96,000 square feet by 2020[20] - A redevelopment project in Central, Hong Kong, will transform a site into a 27-story residential building with a total floor area of approximately 107,000 square feet, expected to be completed by 2023[29] - The group is actively pursuing revitalization projects to enhance property value and expand potential rental income, supported by local government measures[20] Financial Reporting Standards - The group has adopted the new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, which include HKFRS 16 on leases, impacting the financial statements significantly[57] - The application of HKFRS 16 has resulted in changes to accounting policies, particularly in how leases are recognized and measured, replacing HKAS 17[60] - The group has recognized right-of-use assets at the commencement of the lease term, measured at cost less accumulated depreciation and impairment losses[66] - The group has included fixed payments and variable lease payments based on indices or rates in the measurement of lease liabilities[74] Employee and Management Costs - The total employee cost for the period amounted to HKD 344 million, an increase from HKD 334.3 million in 2018, with the number of employees at 1,692[37] - Total remuneration paid to key management personnel for the six months ended September 30, 2019, was HKD 9,852,000, an increase of 8.8% from HKD 9,055,000 in 2018[148] Shareholder Information - The company’s major shareholders include Ms. Lu, holding 74.71% of the voting rights, and Mr. Yang, also holding 74.71% through AY Trust[161] - As of September 30, 2019, the company reported that Ms. Lu holds 68.61% of Emperor Entertainment Hotel Limited with 851,352,845 shares[166] - Mr. Yang holds 74.71% of Yang Shou Cheng Industrial Holdings with 2,747,610,489 shares[169] Miscellaneous - The group has pledged assets with a book value of HKD 46.4 billion as collateral for bank financing, a decrease from HKD 48.7 billion as of March 31, 2019[38] - The company has not granted any stock options under its stock option plan since its adoption on August 15, 2013[172] - The company has complied with all provisions of the Corporate Governance Code during the reporting period[173]

Dividends and Shareholder Information - The company reported a final dividend of HK$0.063 per share, with the payment date set for September 6, 2019[6]. - The Group paid an interim dividend of HK$0.047 per share, totaling approximately HK$172.8 million, consistent with the previous year[125]. - A final dividend of HK$0.063 per share is proposed, amounting to approximately HK$231.7 million, an increase from HK$224.3 million in the previous year[126]. - The Directors recommended the final dividend subject to approval at the upcoming annual general meeting on August 8, 2019[126]. Financial Performance - Total revenue increased by 38.2% to HK$4,352.4 million for the year ended March 31, 2019, compared to HK$3,148.9 million in 2018[19]. - Gross profit rose by 10.2% to HK$2,536.5 million, up from HK$2,302.5 million in 2018[20]. - Profit attributable to the owners of the Company decreased to HK$3,136.3 million, compared to HK$3,371.5 million in 2018[20]. - Underlying profit, excluding fair value changes, increased by 142.1% to HK$1,495.8 million[20]. - Basic earnings per share were HK$0.85 (2018: HK$0.92), with total dividends for the year amounting to HK$0.11 per share (2018: HK$0.108)[25]. - As of March 31, 2019, the Group's net asset value was HK$31,835,100,000 (2018: HK$29,455,400,000), with a net asset value per share of HK$8.66 (2018: HK$8.01)[30]. - The Group's cash, bank balances, and deposits totaled HK$3,944,500,000 as of March 31, 2019 (2018: HK$3,850,400,000), while total external borrowings were approximately HK$25,644,900,000 (2018: HK$26,779,000,000)[27]. - The Group's net gearing ratio improved to 33.8% (2018: 35.7%) as of March 31, 2019[27]. Revenue Breakdown - Rental income from investment properties declined by 4.0% to HK$1,107.8 million, representing 25.4% of total revenue[19]. - Revenue from property sales surged by 329.1% to HK$1,695.8 million, accounting for 39.0% of total revenue[19]. - Revenue from hotel and hotel-related operations slightly decreased to HK$1,548.8 million, making up 35.6% of total revenue[19]. - Rental income from the investment property portfolio decreased by 4.0% to HK$1,107,800,000 (2018: HK$1,154,600,000), accounting for 25.4% of total revenue (2018: 36.7%) due to tenant restructuring[21]. - Property sales revenue reached HK$1,695,800,000 (2018: HK$395,200,000), representing 39.0% of total revenue (2018: 12.5%) as all residential units and seven houses at Peak Castle were delivered[21]. Corporate Governance - The audit committee is chaired by Wong Tak Ming, Gary, ensuring corporate governance compliance[4]. - The company emphasizes its commitment to corporate governance through its dedicated governance committee[4]. - The company has established various committees, including a remuneration committee and a nomination committee, to enhance governance[4]. - The investor relations contact is Anna Luk, providing a direct line for shareholder inquiries[4]. Property Development and Projects - The Group owns properties with a total area of over 5 million square feet in Greater China and overseas[13]. - The Group has been recognized as one of the "Top 10 Developers in Hong Kong 2019" for its sustainability efforts[13]. - The redevelopment of Nos. 75–85 Lockhart Road is set to create a prime office building with a gross floor area of approximately 96,000 square feet, scheduled for completion in 2020[53]. - A 14-storey industrial building at No. 4 Kin Fat Lane in Tuen Mun will be revitalized into a commercial building with over 178,000 square feet, targeted for completion in 2020[54]. - The Group acquired two adjacent buildings at No. 13 and No. 15 San On Street in Tuen Mun, planning to redevelop a high-tech industrial building with a gross floor area of approximately 190,000 square feet[59]. - The site at Nos. 25–27 Oxford Street will be redeveloped into a composite retail/office building with a gross floor area of approximately 20,000 square feet, expected to be completed in 2020[60]. - Emperor Star City in Shanghai will have a gross floor area of approximately 1,300,000 square feet, featuring a multi-storey shopping arcade[61]. - The site at Nos. 8–10A Mosque Street will be developed into a 28-storey residential tower with a gross floor area of approximately 34,000 square feet, with pre-sale expected in the second half of 2019 and completion targeted for 2020[69]. - The Tuen Mun Town Lot No. 490 will consist of 8 luxury detached houses with a gross floor area of approximately 29,000 square feet, scheduled for completion in 2020, with sales activities commencing thereafter[70]. Hospitality and Services - The Group's hospitality services include several hotels and serviced apartments in Hong Kong and Macau, consolidating income from hospitality and gaming operations[78]. - The Emperor Hotel, with a gross floor area of approximately 115,000 square feet, is a key project under the Emperor Hotels Group, enhancing brand recognition in the hospitality segment[79]. - The Group completed the disposal of Inn Hotel Hong Kong, a 30-storey hotel with a gross floor area of approximately 48,000 square feet, recognizing a gain on disposal of approximately HK$712.0 million in the financial year of 2019/2020[85]. - Grand Emperor Hotel, located on the Macau Peninsula, has a gross floor area of approximately 655,000 square feet and features 311 guest rooms, contributing to the Group's hospitality portfolio[86]. Market Outlook - The outlook for the residential market is cautiously optimistic due to improved sentiment from the stock market and strong end-user demand, with the Group continuing to replenish land parcels for future growth[91]. - The luxury homes market is expected to show solid growth potential, with several projects in the pipeline, including Mosque Street, Tai Lam, and Shouson Hill[95]. - The residential market outlook is cautiously optimistic due to a favorable employment situation and strong user demand[98]. Employee Information - Total staff costs amounted to HK$725.6 million for the year, an increase from HK$709.6 million in 2018[94]. - The number of employees as of March 31, 2019, was 1,715, down from 1,748 in 2018[94]. Shareholding and Directors' Interests - As of March 31, 2019, Ms. Semon Luk holds 2,747,610,489 shares, representing 74.71% of the issued shares[172]. - Mr. Alex Yeung also holds 2,747,610,489 shares, equivalent to 74.71% of the issued shares, as an eligible beneficiary of the AY Trust[172]. - Ms. Vanessa Fan owns 10,500,000 shares, which is 0.29% of the issued shares[172]. - The Company has not granted any share options under the Share Option Scheme since its adoption on August 15, 2013[175]. - The remuneration policy for Directors is based on a written policy ensuring alignment with business strategy and shareholder interests[168]. Environmental, Social, and Governance - The Group's environmental policy and performance, along with key stakeholder relationships, are discussed in the Environmental, Social and Governance Report 2018/2019[128]. - The Group's environmental, social, and governance performance is discussed in the 2018/2019 Environmental, Social, and Governance Report[132].