截至8月12日收盘，嘉华国际（00173.HK）报2.440港元，较上个交易日下跌0.81%，当日盘中最高价触 及2.490港元，创近一年新高。 资金流向方面，当日主力流入NaN万港元，流出NaN万港元，净流出181.61万港元。 嘉华国际集团有限公司('嘉华国际'或'集团';股份代号:00173)为嘉华集团旗下之房地产业务旗舰,创立并 扎根于香港,至今已发展成以香港、长三角及珠三角地区为策略据点之综合发展商及投资者,所开发之项 目均以品精质优见称。嘉华国际擅长于开发优质物业,由旗下专业团队所拓展之项目涵盖大型住宅社 区、综合城市发展项目,其中包括优质住宅、甲级写字楼、酒店及服务式公寓,以及特色商铺,物业皆匠心 独运,揉合特色设计、精湛技术、顶尖设备及创新元素于一身,多年来物业质素备受市场认同,建筑及设计 屡获国际殊荣。集团旗下的嘉英物业以先进的管理理念和国际高端精品酒店的营运模式,为物业提供专 业及优质的管理服务,其服务类型涵盖主流及高端住宅、商业设施、写字楼和房地产综合体。集团以缔 造理想和谐的生活国度为发展宗旨,因地制宜,不仅用心传承'嘉华'的优质品牌内涵,更以臻善创新的意念 打造别树一帜的物业,塑造现 ...

K. Wah International Holdings Limited 嘉華國際集團有限公司（「 本公司 」） 之董事 會（「 董事會 」） 謹此宣佈，本公司將於二零二五年八月二十一日（星期四）舉 行董事會會議，藉以（其中包括）批准本公司及其附屬公司截至二零二五年六月 三十日止六個月之未經審核中期業績公佈及其刊發、考慮派發中期股息或其他分 派（如有），以及處理任何其他事項。 承 董 事 會 命 K. Wah International Holdings Limited 嘉華國際集團有限公司 公司秘書 謝鳳兒 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （股份代號：00173） 董 事 會 會 議 日 期 香港，二零二五年八月七日 於本公告日期，本公司之執行董事為呂耀東先生（主席）、鄧呂慧瑜女士（聯席董事總經理）及呂耀華 先生（聯席董事總經理）；非執行董事為鄭慕智博士；而獨立非執行董事為黃桂林先生、聶潤榮先生 及張建生先生。 網 址 ：http ...

Group 1 - The top three stocks with net inflows of southbound funds are Yingfu Fund (02800) with 2.858 billion, Hang Seng China Enterprises (02828) with 2.255 billion, and Meituan-W (03690) with 1.397 billion [1][2] - The top three stocks with net outflows of southbound funds are Pop Mart (09992) with -0.382 billion, Ping An of China (02318) with -0.360 billion, and Laopu Gold (06181) with -0.345 billion [1][2] - In terms of net inflow ratio, the top three are Hopson Development Holdings (00754) at 70.43%, K Wah International Holdings (00173) at 64.10%, and Qingdao Port International (06198) at 61.26% [1][2] Group 2 - The top three stocks with the highest net outflow ratios are Gawei Electronics (01415) at -60.55%, Bank of China Aviation Leasing (02588) at -46.75%, and GX Hengsheng Technology (02837) at -43.69% [1][3] - The top ten stocks with the highest net inflows include Kuaishou-W (01024) with 1.391 billion and Alibaba-W (09988) with 1.040 billion [2] - The top ten stocks with the highest net outflows also include CICC (03908) with -0.333 billion and Kangfang Biologics (09926) with -0.263 billion [2]

Core Points - The Jia Hua International Center project is a significant urban development initiative in Nanjing, focusing on contemporary art exhibition halls, boutique hotels, and other commercial activities [1][5][6] - The first phase of the project is expected to be completed and delivered by the end of August [2][3] - The project covers an area of 148,000 square meters with a total investment of 9 billion yuan, divided into four zones, and aims to generate an annual revenue exceeding 3 billion yuan and create 800 new jobs upon completion [2][4] Project Details - The project design is inspired by the historical lifestyle along the Qinhuai River, aiming to create a low-density waterfront community that integrates cultural and urban elements [4] - The main structure of the office building and two hotel apartments has been completed, with ongoing installation of glass curtain walls and internal finishing work [2][3] - The installation of the glass curtain wall, covering an area of 15,000 square meters, has faced challenges due to the unique shapes and curvature of the glass panels, requiring high precision in installation [5] Future Vision - The Jia Hua International Center will focus on contemporary art, boutique hotels, and innovative commercial spaces, serving as a demonstration window for cultural innovation and smart industry [5][6] - The project aims to create a future community model that integrates production, living, and ecology [6]

Financial Performance - K. Wah International Holdings Limited reported a mid-year performance for the six months ending June 30, 2024, with a cash dividend of HKD 0.04 per share announced for distribution on October 25, 2024[29]. - The company's revenue for 2023 was HKD 6,102,809, a decrease of 30.5% from HKD 8,793,712 in 2022[45]. - Profit attributable to equity holders for 2023 was HKD 802,156, down 41.5% from HKD 1,372,387 in 2022[47]. - Earnings per share for 2023 was HKD 25.6, a decline of 41.3% compared to HKD 43.8 in 2022[48]. - The company declared a final dividend of HKD 9.0 per share for 2023, reduced from HKD 16.0 in 2022[49]. - The net asset value per share for 2023 was HKD 12.71, down from HKD 14.00 in 2022[51]. - The total assets decreased to HKD 55,402,930 in 2024 from HKD 60,130,267 in 2023[45]. - Profit attributable to equity holders was approximately HKD 340 million, with core profit around HKD 360 million[60]. - The company achieved a revenue of HKD 7.19 billion, with significant contributions from property sales in Nanjing, Guangzhou, and Hong Kong[60]. Strategic Focus and Development - The company has a strategic focus on integrated development and investment in premium residential projects, Grade-A office towers, hotels, serviced apartments, and retail premises across Hong Kong and the Greater Bay Area[4][5]. - KWIH aims to maintain a disciplined approach in land acquisition to enhance the quality of living spaces and deliver long-term shareholder value[8]. - The company plans to continue expanding its footprint in the Yangtze River Delta and Pearl River Delta regions, leveraging its established reputation and expertise in the property sector[4]. - The company plans to focus on market expansion and new product development in the upcoming fiscal year[45]. - The company is exploring potential mergers and acquisitions to enhance its market position and diversify its portfolio[45]. Awards and Recognition - The company has been recognized with multiple international accolades for its unique and sophisticated lifestyle projects, reflecting its commitment to quality and innovation[5]. - KWIH's projects in Hong Kong and Shanghai have recently won awards at the 2024-2025 Asia Pacific Property Awards, highlighting its excellence in high-rise residential development and integrated architectural design[28]. - The company has received multiple awards for excellence in real estate development and corporate social responsibility in 2024[37]. - K. Wah International received multiple awards for its landscape and garden design, including the "Outstanding Clubhouse and Landscape Design" award at the 2024 Hong Kong Economic Times Corporate Awards[155]. Sustainability and Community Development - The company is focused on sustainability and community development, ensuring that its projects not only meet market demands but also contribute positively to the environment[7]. - The group continues to focus on sustainable development, emphasizing resource management and green building initiatives[154]. - The group has set mid-term greenhouse gas reduction targets aiming for a 26% reduction in emissions density and a 39% reduction in energy density by 2025 compared to 2016 levels[154]. - The group actively participates in community programs focusing on arts, youth development, and support for underprivileged families[160]. - K. Wah International's "GO GREEN @ K. Wah" initiative includes various environmental activities aimed at enhancing employee awareness and promoting sustainable community development[159]. Property Management and Sales - KWIH's property management arm, Cresleigh Property, provides exceptional management services guided by international standards, enhancing the value of its premium properties[6]. - The company sold over 230 units in the Victoria Harbour project and successfully sold all 440 units in the Shanghai project during the review period[56]. - The group recorded a contracted sales amount of HKD 3 billion from the sale of high-end properties, contributing to a total of HKD 2.3 billion in attributable sales for the year[64]. - The residential project in Yuen Long has sold nearly all units from the first two phases, with the third phase expected to be launched in 2025[75]. - The group is developing a project in Hong Kong with a total floor area of approximately 4,100 square meters, which has received an occupancy permit and will be launched based on market conditions[71]. Corporate Governance - The board consists of seven members, including the chairman, two co-managing directors, one non-executive director, and three independent non-executive directors, with independent directors accounting for more than one-third of the board[175]. - The board is committed to enhancing gender diversity, with one female member among the seven directors[176]. - The company has established a comprehensive set of guidelines for new directors to ensure compliance with applicable rules and regulations[178]. - The board has established procedures to address conflicts of interest in accordance with corporate governance codes[179]. - The board is responsible for reviewing and monitoring the company's corporate governance policies and practices annually[188]. Financial Management - The group had guarantees for credit facilities amounting to HKD 28,471 million, slightly down from HKD 28,693 million in 2023[147]. - The company's bank borrowings amounted to HKD 14,563 million, down from HKD 15,182 million in 2023, with an average borrowing rate reduced from 4.7% to 4.3%[136]. - The debt ratio decreased from 17% at the end of last year to 12% as of December 31, 2024[137]. - The total value of pledged assets for bank borrowings was HKD 4,341 million, down from HKD 5,242 million in 2023[145]. - The unutilized bank loan facilities were HKD 17,666 million, an increase from HKD 16,811 million in 2023, with cash and bank deposits rising to HKD 9,649 million from HKD 7,496 million[137].

Financial Performance - The group's revenue for the year ended December 31, 2024, was HKD 7,187 million, an increase from HKD 6,102 million in the previous year, representing a growth of approximately 17.7%[2][3] - Core profit for the year was HKD 361 million, with profit attributable to equity holders amounting to HKD 335 million, down from HKD 802 million in the previous year, indicating a decline of about 58%[2][3] - The earnings per share for the year were HKD 0.1063, a decrease from HKD 0.2560 in the previous year[3] - The group reported a total comprehensive loss of HKD 1.914 billion for the year, compared to a loss of HKD 862 million in the previous year[4] - The company reported a net profit of HKD 369,087,000 for the fiscal year ending December 31, 2024, compared to HKD 842,230,000 for the previous year[15] - The company's pre-tax profit for 2024 was HKD 335,070,000, a significant decrease of 58.3% from HKD 802,156,000 in 2023[20] - The total dividend for the year ended December 31, 2024, is HKD 0.09 per share, down from HKD 0.16 per share in 2023[97] Assets and Liabilities - Total assets decreased from HKD 72.5 billion to HKD 66.4 billion, while total liabilities also decreased from HKD 27.4 billion to HKD 24.4 billion[5] - Total assets as of December 31, 2024, amounted to HKD 66,371,047,000, with total liabilities of HKD 24,413,298,000[14] - The company's total assets increased to HKD 72,506,967,000 as of December 31, 2023, with total liabilities of HKD 27,409,526,000[15] - The total liabilities decreased to HKD 1,539,793,000 in 2024 from HKD 1,731,040,000 in 2023, indicating a decline of 11.0%[23] - The group's debt ratio decreased from 17% at the end of the previous year to 12% as of December 31, 2024[2] Sales and Contracts - The group has signed contracts for attributable sales amounting to HKD 6.9 billion as of December 31, 2024, and has unrecognized attributable sales of HKD 11.7 billion[2] - For the fiscal year ending December 31, 2024, total revenue reached HKD 7,187,433,000, with HKD 6,453,796,000 recognized at a point in time and HKD 90,667,000 over a period[14] - Property sales contributed HKD 6,453,796,000 in 2024, up from HKD 5,373,360,000 in 2023, reflecting a growth of 20.1%[17] - The group has signed contracts for attributable sales amounting to HKD 6,900,000,000, primarily from projects in Hong Kong and Shanghai[27] - As of December 31, 2024, the group has contracted but unrecognized attributable sales of HKD 11,700,000,000, expected to be recognized starting in 2025[28] Investment and Projects - The company’s investment properties recorded a fair value change of HKD (52,602,000) for the fiscal year ending December 31, 2024[14] - The overall construction progress of the group's development projects is on schedule, with several projects expected to launch presales in 2025[42] - The project in Shanghai, Jia Jun Ting, achieved a signed sales amount of approximately RMB 3.7 billion, with all units sold out[41] - The Nanjing project (Jia Hong Feng) has a total floor area of approximately 49,700 square meters, providing 381 residential units, with about 70% sold by the end of this year[44] - The Hexi New Town project in Nanjing has a total floor area of approximately 477,000 square meters, with 95% of the 856 residential units sold by the end of this year[45] Cash and Liquidity - The group’s cash and cash equivalents increased to HKD 9.649 billion from HKD 7.496 billion in the previous year[5] - The company’s cash and cash equivalents as of December 31, 2024, were not specified but are critical for assessing liquidity and operational flexibility[16] Corporate Governance and Compliance - The company has established a competitive compensation system to attract and retain talent, emphasizing employee training and development[84] - The company has complied with environmental, labor, occupational health and safety, anti-corruption, and personal data privacy regulations during the year[86] - The company continues to maintain high levels of corporate governance to enhance transparency and accountability[87] - The late chairman's passing did not impact the company's operations, and the board continues to execute the established business strategy[91] Future Outlook and Strategy - The group plans to continue seeking opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions, while prudently replenishing land reserves[2] - The company plans to continue evaluating the impact of new accounting standards in detail[9] - The company plans to continue focusing on high-quality projects in first-tier cities in Hong Kong and mainland China, actively seeking investment opportunities[76]

MII 嘉 華 國 際 集 團 有 限 公 司 IIW K.WAH INTERNATIONAL HOLDINGS LIMITED 於 百 慕 達 註 冊 成 立 之 有 限 公 司 Incorporated in Bermuda with limited liability Stock code 股份代號 00173 中期報告 2024 INTERIM REPORT an Banks III Delivering Value with Distinctive Quality 建 優 創 值 力 臻 恆 遠 為股東帶來長遠而持續的回報。 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The group's revenue for the six months ended June 30, 2024, was HKD 1,213 million, a decrease from HKD 3,100 million in the same period last year[3] - The attributable profit for the period was HKD 153.8 million, down from HKD 481.9 million year-on-year, resulting in earnings per share of HKD 4.91 compared to HKD 15.38 previously[4] - The total comprehensive loss for the period was HKD 1,433.8 million, compared to a loss of HKD 1,255.997 million in the previous year[5] - The group reported a significant fair value change in financial assets, with a loss of HKD 1,194.3 million for the period[5] - Total revenue for the six months ended June 30, 2024, was HKD 1,213,010,000, a decrease of 60.8% compared to HKD 3,100,250 for the same period in 2023[18] - Property sales revenue for the six months ended June 30, 2024, was HKD 846,318, down 68.9% from HKD 2,734,990 in 2023[18] - The company reported a pre-tax profit of HKD 153,787 for the six months ended June 30, 2024, compared to HKD 481,907 in 2023, reflecting a decline of 68.1%[22] - The attributable profit to equity holders for the period was HKD 154,000,000, while core profit (excluding fair value changes of investment properties) was HKD 132,000,000[28] Assets and Liabilities - The group's total assets as of June 30, 2024, were HKD 71.48 billion, a slight decrease from HKD 72.51 billion at the end of 2023[6] - The group's total liabilities were reported at HKD 27,950,159,000, with significant liabilities in mainland China amounting to HKD 18,852,287,000[15] - Non-current assets as of June 30, 2024, totaled HKD 17,021,826, slightly down from HKD 17,042,886 as of December 31, 2023[18] - The company’s total assets as of June 30, 2024, were HKD 72,506,967, compared to HKD 72,506,967 as of December 31, 2023[18] - The company’s total liabilities as of June 30, 2024, were HKD 27,409,526, a decrease from HKD 27,409,526 as of December 31, 2023[18] Cash and Cash Equivalents - The group's cash and cash equivalents increased to HKD 9.29 billion from HKD 7.50 billion year-on-year[6] - As of June 30, 2024, the group's cash and bank deposits amounted to HKD 9,291,000,000, an increase from HKD 7,496,000,000 as of December 31, 2023[37] Debt and Financing - The group's debt ratio decreased from 17% at the end of last year to 11% as of June 30, 2024[3] - The group's borrowings as of June 30, 2024, were HKD 14,019,000,000, with an average borrowing rate reduced from 4.7% to 4.6%[36] - The total amount of interest rate swap contracts signed by the group as of this period end was HKD 2,000,000,000, unchanged from December 31, 2023[38] - The total value of mortgaged assets for certain subsidiaries was HKD 4,369,000,000 as of June 30, 2024, down from HKD 5,242,000,000 as of December 31, 2023[39] - The group provided guarantees for credit facilities totaling HKD 28,248,000,000 as of June 30, 2024, a decrease from HKD 28,693,000,000 as of December 31, 2023[40] Dividends - The company declared an interim cash dividend of HKD 126,109,000, equating to HKD 0.04 per share, down from HKD 0.07 per share in 2023[23] - The interim cash dividend declared for the six months ended June 30, 2024, is HKD 0.04 per share, totaling HKD 126,109,000, compared to HKD 0.07 per share and HKD 219,303,000 for the same period in 2023[45] Future Outlook and Strategy - The group plans to continue seeking land reserves in Hong Kong and the Greater Bay Area, leveraging its financial resources[3] - The group anticipates no significant impact on its financial performance and position from the adoption of new accounting standards and interpretations[10] - The group expects to continue evaluating the impact of new accounting standards on its operations[10] - The group plans to continue monitoring land market opportunities in Hong Kong and mainland China to maximize potential returns[34] Operational Highlights - The group's signed but unrecognized sales amounted to HKD 51 billion as of June 30, 2024, with total signed sales of HKD 161 billion[3] - The group successfully sold all residential units of the new project Shanghai Jiajun Ting, generating sales of RMB 3.7 billion[30] - The average occupancy rate for the premium office building Shanghai Jiahua Center was maintained at 92%, while serviced apartments in Shanghai recorded an overall occupancy rate of 90%[30] - The group's investment in Galaxy Entertainment Group amounted to 162,000,000 shares, representing a 3.72% stake, with a fair value change of approximately HKD 1.2 billion recorded in reserves[31] Management and Governance - The executive directors include Dr. Lui Che-woo (Chairman and Managing Director) and others, while the independent non-executive directors include Mr. Wong Kwai-lam and others[48]

Financial Performance - K. Wah International Holdings Limited reported a strong financial performance with a significant focus on premium residential developments and integrated projects in Hong Kong and the Yangtze River Delta regions[5]. - The company reported a contract sales of approximately HKD 5.9 billion and a revenue of about HKD 12 billion for the fiscal year ending December 31, 2023[25]. - Profit attributable to equity holders was approximately HKD 800 million, with core profit around HKD 770 million[25]. - The company achieved a pre-tax profit of HKD 5.3 billion, with a net profit of HKD 3.2 billion for the fiscal year[17]. - The group's revenue for the year ended December 31, 2023, was HKD 6,103,000,000, primarily from property sales in Hong Kong and mainland China, and rental income from Shanghai[29]. - The attributable profit for equity holders was HKD 802,000,000, with core profit (excluding fair value changes of investment properties) at HKD 769,000,000[29]. - The company’s revenue for the previous fiscal year was HKD 11.7 billion, indicating a decrease in revenue for the current year[17]. - The total assets amounted to HKD 60.1 billion, with non-current assets at HKD 17.2 billion[17]. - The group’s total assets and borrowings amounted to HKD 60 billion as of December 31, 2023, down from HKD 62 billion in 2022[104]. - The group’s bank borrowings were HKD 15.182 billion as of December 31, 2023, with an average borrowing interest rate rising from 2.6% to 4.7% due to market interest rate hikes[105]. Dividends and Shareholder Value - The company plans to distribute an interim cash dividend of HKD 0.07 per share for the fiscal year 2023, reflecting its commitment to returning value to shareholders[14]. - The board proposed a final dividend of HKD 0.09 per share, in addition to an interim dividend of HKD 0.07 per share, totaling an annual dividend of HKD 0.16 per share[25]. - The total dividend for the year is HKD 0.16 per share, down from HKD 0.21 in 2022[181]. - The distributable reserves as of December 31, 2023, amount to HKD 2,401,231,000, an increase from HKD 2,048,988,000 in 2022[185]. - The company has adopted a dividend policy considering operational performance, working capital needs, and financial conditions[182]. Awards and Recognition - KWIH has been recognized as one of the top ten property developers in Hong Kong by BCI Asia in 2023, highlighting its market position and reputation[9]. - KWIH has received multiple awards for its projects, including the 2023 American MUSE Design Award Gold Medal for Nanjing Jia Jing Feng, showcasing its design excellence[11]. - The company is committed to sustainability and excellence, as evidenced by its accolades in corporate social responsibility and investor relations[9]. - The company received multiple awards for its commitment to sustainable development, including the "Outstanding Landscape Design Enterprise" award at the 2022 01 Corporate Gold Awards and the "Outstanding Landscape Design Award" at the 2023 Corporate Brand Excellence Awards[123]. Project Development and Sales - The company continues to focus on quality residential projects in Hong Kong and mainland China, receiving ongoing market support[25]. - The group has signed contracts for attributable sales of approximately HKD 5,900,000,000, mainly from various projects in Hong Kong and mainland China[29]. - As of December 31, 2023, the group's attributable sales yet to be recognized amounted to approximately HKD 12,600,000,000, expected to be recognized starting in 2024[29]. - The total land reserve in Hong Kong and mainland China is approximately 1,500,000 square meters of attributable gross floor area available for development[29]. - The group plans to continue launching various projects based on market conditions, including several joint ventures and independent projects in 2024[29]. - The group recorded a significant increase in sales from the Victoria Harbour project, with recognized attributable revenue of approximately HKD 3,600,000,000 during the year[32]. Market Conditions and Economic Outlook - The Hong Kong property market saw a 33% decrease in first-hand transaction volume compared to the 10-year average, with total transactions hitting a 10-year low of 43,002[95]. - The company anticipates that new measures announced by the Hong Kong government will stimulate property demand in 2024-2025[95]. - In 2023, the national new home sales volume and sales amount in mainland China decreased by 8.2% and 6.0% year-on-year, respectively[99]. - The average new home price index in first-tier cities increased by 1.1% year-on-year, indicating relative stability in these markets[99]. - The People's Bank of China lowered the reserve requirement ratio by 50 basis points and the five-year loan market quoted interest rate by 25 basis points to support the real estate market[99]. Corporate Governance - The board of directors is committed to delivering sustained value to shareholders through effective corporate governance[136]. - The board consists of eight members, including the chairman and managing director, with independent non-executive directors making up more than one-third of the board, in compliance with listing rules[139]. - The company has maintained a high level of transparency and compliance with relevant laws and regulations, with no violations reported in areas such as environmental standards, labor standards, and data privacy during the year[128]. - The company has established a stock option plan for its executives and employees since 1989 to provide competitive compensation and retain talent[118]. - The company has a robust shareholder communication policy in place, allowing shareholders to inquire about company matters via the investor relations platform[166]. Sustainability Initiatives - The company is committed to sustainable development and promoting positive life perspectives through initiatives like the Lui Che-woo Prize[169]. - The company has set mid-term greenhouse gas reduction targets, aiming for a 26% reduction in greenhouse gas emissions intensity and a 39% reduction in energy intensity by 2025 compared to 2016 levels[122]. - The company actively engages with stakeholders to gather feedback on its sustainability initiatives and future strategies, identifying risks and opportunities[124]. Employee and Community Engagement - The company emphasizes employee training and development, offering training subsidies and programs to encourage continuous learning among qualified employees[125]. - The company actively participates in community programs, focusing on arts, youth development, and community assistance, to create a positive impact[127]. - The total number of employees in Hong Kong and mainland China was 951, with total employee costs (excluding director remuneration) amounting to approximately HKD 463 million[118]. Risk Management - The company has faced significant risks and uncertainties, which are discussed in detail in the annual report[180]. - The company has adopted a risk management strategy to assist individual operating departments in managing significant risks, including business, operational, and environmental, social, and governance risks[162]. - The company has established an internal audit department to analyze and independently assess the adequacy and effectiveness of its risk management and internal control systems[162].

Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 6,103,000,000, with a total revenue including joint ventures and associates amounting to HKD 11,960,000,000[3]. - Core profit for the year was HKD 769,000,000, while profit attributable to equity holders was HKD 802,000,000[3]. - Earnings per share for the year were HKD 0.256, with a total annual dividend of HKD 0.16 per share, including a final dividend of HKD 0.09[3]. - The group reported a pre-tax profit of HKD 1,488,934,000, down from HKD 2,068,046,000 in the previous year[4]. - The total comprehensive loss for the year was HKD 862,217,000, compared to a comprehensive income of HKD 558,368,000 in the previous year[5]. - The company's net income for the year ended December 31, 2023, was HKD 842,230[11]. - Total revenue for 2023 was HKD 6,102,809, a decrease of 30.5% from HKD 8,793,712 in 2022[14]. - The company reported a pre-tax profit of HKD 646,704 in 2023, slightly up from HKD 641,563 in 2022[17]. - Basic and diluted earnings per share for 2023 were HKD 802,156 compared to HKD 1,372,387 in 2022[18]. - The company proposed a final dividend of HKD 0.09 per share for 2023, down from HKD 0.14 per share in 2022[21]. Assets and Liabilities - The group's total assets as of December 31, 2023, were HKD 72,506,967,000, a decrease from HKD 76,635,909,000 in the previous year[6]. - The group's total liabilities decreased to HKD 27,409,526,000 from HKD 29,993,038,000 in the previous year[6]. - The company's total liabilities were HKD 27,409,526, with HKD 6,657,770 from Hong Kong and HKD 17,687,553 from Mainland China[11]. - Total liabilities decreased to HKD 1,731,040 in 2023 from HKD 2,422,933 in 2022, showing improved financial health[25]. - The group's bank borrowings amounted to HKD 15.182 billion as of December 31, 2023, with an average borrowing interest rate rising from 2.6% to 4.7% due to market interest rate hikes[58]. - The debt ratio increased from 13% at the end of the previous year to 17% as of December 31, 2023[58]. Sales and Contracts - The group signed contracts for attributable sales amounting to HKD 59 billion as of December 31, 2023, with unrecognized attributable sales of HKD 126 billion[3]. - The group has signed contracts for approximately HKD 5,900,000,000 in attributable sales, primarily from various projects in Hong Kong[28]. - As of December 31, 2023, the group had approximately HKD 12,600,000,000 in signed but unrecognized attributable sales expected to be recognized starting in 2024[28]. - The group sold 6 units at the Kai Tak project, generating a signed sales amount of HKD 700,000,000[29]. - The group confirmed attributable revenue of approximately HKD 3,600,000,000 from the sale of units at the Victoria Harbour project, which began delivery in June[29]. - The Nanjing project, one of the group's popular developments, generated approximately RMB 5,000,000,000 in signed but unrecognized sales[36]. Investment and Development Projects - The group acquired a residential land parcel in Hong Kong and plans to prudently seek opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions[3]. - The group is developing several projects in Hong Kong and mainland China, with construction progress on all projects proceeding as scheduled[29][36]. - The residential project in Shanghai's Lujiazui Financial Center has a total floor area of approximately 14,200 square meters, offering 106 residential units, with all but one unit sold upon pre-sale launch in 2022[37]. - The project in Hongkou District, Shanghai, has a total floor area of about 47,000 square meters and sold all 215 residential units on the first day of pre-sale in 2022[38]. - The comprehensive development project in Xuhui District, Shanghai, spans approximately 195,800 square meters and includes 440 residential units, with over half sold on the first day of pre-sale scheduled for February 2024[38]. - The project in Jianye District, Nanjing, covers approximately 477,000 square meters and has pre-sold about 96% of the 856 residential units by the end of 2023[38]. Rental and Investment Properties - The rental performance of the group's investment properties remains stable, with an average occupancy rate of approximately 95% for key properties in Hong Kong[42]. - Shanghai Jiayu Li has a total floor area of approximately 8,000 square meters and is fully leased by the end of this year[45]. - Shanghai Yingkai Cultural Plaza has a total floor area of about 21,000 square meters and maintains a 100% occupancy rate this year[46]. - The company’s investment property fair value changes contributed HKD 24,288 to the overall profit for the year[11]. Corporate Governance and Compliance - The board of directors has adhered to the corporate governance code, with some deviations noted regarding the roles of the chairman and managing director[64]. - The company has maintained compliance with environmental, labor, occupational health and safety, anti-corruption, and personal data privacy regulations throughout the year[66]. - The board will continue to review and address any deviations from corporate governance practices as necessary[64]. Market Conditions and Economic Outlook - The Hong Kong property market faced challenges in 2023, with first-hand transaction volumes dropping to 10,752, a 33% decrease from the 10-year average[53]. - In 2023, the national new housing sales volume and sales amount in mainland China decreased by 8.2% and 6.0% year-on-year, respectively[54]. - The average new housing price index in first-tier cities increased by 1.1% year-on-year, indicating relative stability in these markets[54]. - The International Monetary Fund forecasts a GDP growth of 4.6% for mainland China in 2024, surpassing developed economies[54].