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佈的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對就因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 截至二零二三年一月三十一日止六個月之 中期業績公佈 業績 麗新製衣國際有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬公司（「本集團」）截至 二零二三年一月三十一日止六個月之未經審核綜合業績，連同上年度同期比較數字如下： 簡明綜合收益表 截至二零二三年一月三十一日止六個月 截至一月三十一日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 營業額 4 2,512,885 2,770,827 銷售成本 (1,560,039) (1,761,779) 毛利 952,846 1,009,048 其他收入及收益 226,995 155,649 銷售及市場推廣開支 (127,299) (139,849) 行政開支 (492,909) (465,057) 其他經營開支 (600,171) (748,880) 投資物業公平值（虧損）╱收益淨額 (916,052) 12,6 ...

Financial Performance - For the fiscal year ending July 31, 2022, the company reported a revenue of HKD 5,191.8 million, a decrease of 14.7% from HKD 6,089.8 million in the previous year[14]. - Gross profit for the same period was HKD 1,622.1 million, up from HKD 1,400.9 million, indicating a positive growth despite the revenue decline[14]. - The company reported a net loss of HKD 890.7 million after tax, compared to a loss of HKD 499.3 million in the previous year, indicating a worsening financial position[18]. - The company reported a net loss attributable to shareholders of approximately HKD 1,196.3 million for the year ended July 31, 2022, a slight decrease from HKD 1,268.0 million in 2021[19]. - The operating loss was HKD (1,270.8) million, with an operating loss margin of -24%, compared to -21% in the previous year[60]. - The net loss attributable to the company's owners was HKD (1,196.3) million, with an adjusted net loss of HKD (890.7) million, reflecting a net loss margin of -23% and -17% respectively[60]. - The company's operational expenses increased during the year, contributing to the overall net loss[19]. Revenue Breakdown - The property investment and development segment generated revenue of HKD 1,341.8 million, a decrease of 3.7% compared to HKD 1,392.7 million in the previous year[15]. - Restaurant and catering products revenue fell significantly by 32.7%, from HKD 2,503.3 million to HKD 1,685.5 million[15]. - The hotel business saw a revenue increase of 4.6%, rising from HKD 621.2 million to HKD 650.0 million[15]. - The cinema operations segment experienced a substantial growth of 81.6%, with revenue increasing from HKD 212.0 million to HKD 385.0 million[15]. - The group's revenue for the year ending July 31, 2022, was HKD 5,191.8 million, a decrease from HKD 6,089.8 million in the previous year[60]. - The rental income for the year ended July 31, 2022, was HKD 1,341,800,000, a decrease of 3.7% from HKD 1,392,700,000 in the previous year[72]. Future Outlook and Strategy - Future outlook includes a focus on expanding property investments and enhancing restaurant operations to recover from recent declines[10]. - The company is also exploring new strategies in media and entertainment sectors to diversify revenue streams[10]. - Ongoing development of new technologies and products is expected to support market expansion efforts in the coming fiscal year[10]. - The company plans to continue investing in original quality film production in China and is in discussions for new television series projects[46]. - The group aims to explore new artist collaborations and expand its concert activities in the Greater China region[47]. - The company maintains a cautious and flexible approach, ready to seize new development opportunities as the economy recovers[33]. - The group plans to consider timely expansion of land reserves, taking into account macroeconomic conditions and existing business risks in relevant cities[39]. Property Development and Projects - The company successfully acquired three residential projects to replenish its development land reserves, including a building in Ho Man Tin with a total construction area of approximately 46,100 square feet, providing about 79 residential units[29]. - The Bal Residence and Yuen Long projects are expected to add approximately 71,800 square feet and 42,200 square feet to the company's development portfolio upon completion in Q4 2023 and Q1 2024, respectively[31]. - The company sold 604 units at Blue Tongue with an average selling price of HKD 18,000 per square foot, generating total sales proceeds of approximately HKD 204.1 million from 75 parking spaces sold[32]. - The company has ongoing projects with a total of 1,173 units under development, indicating a commitment to future growth[69]. - The project "Blue Tang" has sold 604 units with a total sales area of approximately 404,640 square feet, achieving an average selling price of HKD 18,000 per square foot[154]. - The project "Happy Build" has sold 209 residential units and 7 commercial units, with average selling prices of approximately HKD 16,400 per square foot for residential and HKD 23,500 per square foot for commercial[155]. Market Conditions and Challenges - The ongoing social distancing measures and travel restrictions in Hong Kong continued to impact various industries, although the company's properties in Hong Kong remained relatively stable with an occupancy rate exceeding 84%[28]. - The global economic outlook has worsened, with rising recession risks due to high inflation, increased borrowing costs, and geopolitical instability[24]. - The rental market is facing pressure due to a cautious attitude from tenants and insufficient demand from multinational and Chinese enterprises, leading to expectations of rising vacancy rates and suppressed rental prices[26]. - The occupancy rate for major properties in Hong Kong was 87.0%, down from 94.6% in the previous year[72]. Rental Income and Performance - Rental income from Hong Kong, London, and mainland China was HKD 565,500,000, HKD 84,700,000, and HKD 691,600,000 respectively[72]. - The overall rental income from the group's major leasing properties in Hong Kong decreased by 10.6% to HKD 565,500,000[74]. - The total rental income from the mainland properties increased by 2.0% to HKD 691,600,000 compared to HKD 678,200,000 in the previous year[72]. - The rental income from Shanghai Hong Kong Plaza was HKD 298,800,000, an increase of 2.2% from HKD 292,500,000[72]. - The rental income from the joint venture with China Construction Bank decreased by 9.5% from HKD 132,300,000 to HKD 119,700,000[72]. Asset Management - The net asset value per share decreased from HKD 55.340 as of July 31, 2021, to HKD 32.729 as of July 31, 2022, primarily due to the expansion of the shareholder base following a rights issue completed in August 2021[20]. - The debt-to-equity ratio was reported at 110%, significantly up from 76% the previous year, indicating increased leverage[51]. - As of July 31, 2022, the group's total cash and bank deposits amounted to HKD 8,037.3 million, excluding HKD 456.6 million from the subsidiary[51]. - The market capitalization as of July 31, 2022, was HKD 2,644.2 million, up from HKD 1,346.7 million in the previous year[60]. Cinema Operations - The cinema operations are gradually recovering post-COVID-19, with a maximum seating capacity of 85% allowed in Hong Kong cinemas as of May 19, 2022[42]. - The group extended the lease for the Festival Grand Cinema for three years starting February 1, 2024, enhancing its strategic position in the market[43]. - A new cinema, MCL Cinemas Plus+, opened in July 2022, with another expected to open in the second quarter of 2023[43]. - The Guangzhou May Flower Cinema ceased operations in October 2022 due to a challenging economic environment in mainland China[43]. - The group remains cautiously optimistic about long-term entertainment demand while continuously evaluating business opportunities to maintain its market position[42].

Financial Performance - For the six months ended January 31, 2022, the company reported a revenue of HKD 2,770,827 thousand, a decrease from HKD 2,794,119 thousand in the same period last year, representing a decline of approximately 0.8%[6]. - The gross profit for the same period was HKD 1,009,048 thousand, compared to HKD 657,551 thousand in the previous year, indicating an increase of approximately 53.5%[6]. - The operating loss for the six months was HKD 176,397 thousand, significantly improved from a loss of HKD 724,287 thousand in the prior year, reflecting a reduction of approximately 75.6%[6]. - The net loss attributable to the company's owners was HKD 715,171 thousand, compared to a loss of HKD 1,643,712 thousand in the same period last year, showing an improvement of approximately 56.4%[10]. - The basic and diluted loss per share for the current period was HKD 0.551, compared to HKD 1.658 in the previous year, indicating a decrease of approximately 66.8%[7]. - The total comprehensive loss for the period was HKD 419,010 thousand, compared to a comprehensive income of HKD 346,157 thousand in the previous year[10]. Income and Expenses - The company recorded other income and gains of HKD 155,649 thousand, down from HKD 434,257 thousand in the previous year, representing a decline of approximately 64.1%[6]. - Financing costs increased to HKD 495,667 thousand from HKD 381,418 thousand, marking an increase of approximately 30.0%[6]. - The fair value gain on investment properties was HKD 12,692 thousand, a significant recovery from a loss of HKD 475,890 thousand in the previous year[6]. - The company incurred a net cash outflow from financing activities of HKD 1,485,078, compared to an inflow of HKD 1,272,381 in the previous year[27]. - The company reported a net loss from the fair value of financial assets of HKD 5,315,000 for the six months ended January 31, 2022[40]. Assets and Liabilities - Non-current assets total value increased to HKD 64,852,355 thousand from HKD 64,523,674 thousand, representing a growth of 0.51%[13]. - Current assets decreased to HKD 22,744,508 thousand from HKD 24,985,737 thousand, a decline of 8.96%[13]. - Current liabilities increased to HKD 12,899,614 thousand from HKD 11,664,934 thousand, an increase of 10.58%[16]. - Total equity attributable to owners increased to HKD 46,154,936 thousand from HKD 45,811,539 thousand, a rise of 0.75%[16]. - Cash and cash equivalents decreased significantly to HKD 6,576,092 thousand from HKD 8,738,747 thousand, a drop of 24.8%[13]. - The total assets value as of January 31, 2022, was HKD 41,212,264,000, with total liabilities amounting to HKD 75,655,000[40]. Market Strategy and Outlook - The company aims to enhance its market presence and explore new strategies for growth in the upcoming periods[4]. - The company plans to expand its market presence and invest in new product development[19]. - Future outlook includes strategic acquisitions to enhance growth potential[20]. - The group plans to continue its market expansion and product development strategies to enhance revenue streams in the upcoming periods[34]. - The company aims to maintain a prudent and flexible approach to seize development opportunities as the economy recovers[110]. Revenue Breakdown - The revenue from the hotel business increased to HKD 335,552 for the six months ended January 31, 2022, compared to HKD 289,317 in the same period of 2021, marking an increase of approximately 16.0%[33]. - The revenue from the restaurant and food sales business rose to HKD 248,945 for the six months ended January 31, 2022, compared to HKD 172,069 in the same period of 2021, representing an increase of about 44.5%[33]. - The media and entertainment segment reported revenue of HKD 147,244 for the six months ended January 31, 2022, down from HKD 163,534 in the same period of 2021, indicating a decrease of approximately 9.9%[33]. - Revenue from property sales was HKD 858,861,000, down from HKD 940,761,000, indicating a decrease of about 8.69% year-over-year[38]. - The total revenue from customer contracts was HKD 2,181,367,000, an increase from HKD 1,909,226,000, representing a growth of approximately 14.23%[38]. Stock Options and Management - The company granted 5,499,200 stock options during the period, increasing the total unexercised stock options to 20,741,503 as of January 31, 2022[60]. - The total remuneration for key management personnel amounted to HKD 47,437,000 for the six months ended January 31, 2022, compared to HKD 37,703,000 for the previous year[76]. - The fair value of the stock options granted during the period was approximately HKD 9,304,000, equating to HKD 1.692 per share[61]. Property and Development - The company successfully acquired three residential projects during the review period, including a site in Ho Man Tin with a planned gross floor area of approximately 46,100 square feet[106]. - The construction of the Heng On Street and Tai Keng Ling projects is on schedule, expected to be completed in Q4 2023 and Q1 2024, adding approximately 64,000 square feet and 42,200 square feet to the property portfolio respectively[107]. - The leasing portfolio of the company in first-tier cities and the Greater Bay Area is approximately 4,500,000 square feet, with stable rental income performance during the review period[112]. - The first phase of the "Innovation Square" has achieved a leasing rate of about 73%, with key tenants including major brands and entertainment centers[114]. - The company plans to consider expanding its land reserves based on macroeconomic conditions and existing business risks in relevant cities[116].

Financial Performance - For the fiscal year ending July 31, 2021, the company reported a revenue of HKD 6,089.8 million, an increase of 14.4% from HKD 5,324.2 million in 2020[13] - The gross profit for the same period was HKD 1,400.9 million, down from HKD 1,658.8 million in 2020, indicating a decline of 15.5%[13] - The company reported a net loss attributable to shareholders of approximately HKD 1,268 million for the year ended July 31, 2021, a decrease from HKD 1,965.9 million in 2020[19] - The loss per share was HKD 2.637, improved from HKD 4.138 in the previous year[19] - Excluding the impact of property revaluation, the net loss attributable to shareholders was approximately HKD 499.3 million, compared to HKD 600.6 million in 2020[21] - The net asset value per share slightly decreased from HKD 55.708 as of July 31, 2020, to HKD 55.340 as of July 31, 2021[21] - The company did not recommend the payment of a final dividend for the year ended July 31, 2021, consistent with the previous year[23] - The company reported an adjusted net profit of HKD 1,456.7 million for the year, down from HKD 2,567.4 million in 2020[67] - The current ratio improved to 2.1, compared to 1.3 in the previous year, indicating better short-term financial health[64] Revenue by Segment - Revenue from property development and sales increased significantly by 48.1%, reaching HKD 2,503.3 million compared to HKD 1,690.2 million in the previous year[14] - The restaurant business saw a modest growth of 5.0%, with revenue rising to HKD 443.1 million from HKD 421.8 million[14] - Hotel operations experienced a decline of 7.7%, with revenue falling to HKD 621.2 million from HKD 673.3 million[14] - The media and entertainment segment reported a slight decrease of 1.7%, generating HKD 321.1 million compared to HKD 326.6 million in the prior year[14] - The theme park operations showed a remarkable increase of 60.4%, with revenue rising to HKD 30.8 million from HKD 19.2 million[14] Property Development and Investment - The company plans to focus on expanding its property investment and development projects in mainland China to drive future growth[12] - The company successfully acquired a residential development project at Wong Chuk Hang Station, covering approximately 95,600 square feet, with an expected total construction area of about 636,200 square feet[29] - The company plans to redevelop a property at 116 Wo Ta Lo Road, with an anticipated total construction area of approximately 46,000 square feet[29] - The residential projects at Heng An Street and Tai Keng Ling are expected to add a total construction area of approximately 64,000 square feet and 42,200 square feet to the company's property portfolio, with pre-sales anticipated to begin in the first half of 2022[30] - The company continues to explore and assess suitable land acquisition opportunities for future expansion[29] Market Outlook and Strategy - The company maintains a cautiously optimistic outlook for its business, particularly in the Greater Bay Area of Southern China[25] - Overall, the company aims to enhance its market presence through strategic investments and potential acquisitions in the coming years[12] - The company plans to maintain a prudent and flexible approach to seize development opportunities as the economy recovers[33] - Future outlook remains cautiously optimistic, with management indicating a focus on operational efficiency and cost management to navigate market challenges[87] Rental Income and Performance - The overall rental rate for the company's properties in Hong Kong remained above 90% during the review period[28] - The leasing portfolio of the company in first-tier cities and the Greater Bay Area, approximately 4,500,000 square feet, has shown stable rental income performance during the review year[36] - The first phase of the Innovation Square has achieved a leasing rate of approximately 71%, with major tenants including entertainment centers and restaurants[37] - The rental income for the year ended July 31, 2021, was approximately HKD 1,392.7 million, a decrease from HKD 1,412.2 million in the previous year, reflecting a decline of 1.9%[95] - The average rental rate for properties in the portfolio showed a year-on-year change, with a rental income analysis indicating a stable performance despite market fluctuations[87] Hotel and Entertainment Operations - The total revenue from the hotel and serviced apartment business for the year ended July 31, 2021, was HKD 621.2 million, with a year-end occupancy rate of 82.4% for the Ocean Park Marriott Hotel in Hong Kong[194] - The Ocean Park Marriott Hotel added approximately 365,974 square feet of leasable space, contributing HKD 230.5 million in revenue with an occupancy rate of 82.4%[196] - The Zhuhai Hengqin Hyatt Hotel, which opened on December 31, 2019, has a total building area of approximately 594,800 square feet and 493 rooms, generating revenue of HKD 79.2 million with a 40.6% occupancy rate[200] - The group is currently developing a mixed-use project expected to provide commercial and entertainment facilities totaling 1,584,300 square feet, with completion anticipated in 2024[181] - The group remains cautiously optimistic about the future prospects of the Ocean Park Marriott Hotel, despite the impact of COVID-19 on the tourism industry in Hong Kong[196]

Financial Performance - The company reported a revenue of HKD 2,794,119,000 for the six months ended January 31, 2021, a slight decrease of 0.6% compared to HKD 2,811,143,000 in the same period last year[5]. - Gross profit decreased to HKD 657,551,000, down 41.7% from HKD 1,125,909,000 year-on-year[5]. - The operating loss for the period was HKD 724,287,000, an improvement from a loss of HKD 1,252,439,000 in the previous year[5]. - The net loss attributable to the company's owners was HKD 797,153,000, compared to a loss of HKD 753,092,000 in the same period last year[5]. - The company recorded a total comprehensive income of HKD 346,157,000, a significant recovery from a loss of HKD 2,085,726,000 in the previous year[8]. - The basic and diluted loss per share for the period was HKD 2.030, compared to HKD 1.947 in the same period last year[5]. - Other income and gains increased to HKD 434,257,000, up from HKD 197,255,000 year-on-year[5]. - The company’s administrative expenses decreased to HKD 487,313,000 from HKD 521,551,000 in the previous year[5]. Assets and Liabilities - Non-current assets increased to HKD 64,004,752 thousand, up from HKD 62,870,020 thousand, representing a growth of approximately 1.8%[11]. - Current assets totaled HKD 19,757,580 thousand, an increase from HKD 17,737,473 thousand, reflecting a growth of about 11.4%[11]. - Total liabilities decreased from HKD 13,783,111 thousand to HKD 10,404,140 thousand, a reduction of approximately 24.5%[14]. - The company's total equity rose to HKD 46,415,697 thousand from HKD 45,940,527 thousand, indicating a growth of about 1.0%[14]. - Cash and cash equivalents increased to HKD 4,903,731 thousand, compared to HKD 4,187,778 thousand, marking a growth of approximately 17.1%[11]. - The value of investment properties rose to HKD 39,471,231 thousand from HKD 38,699,089 thousand, an increase of about 2.0%[11]. - The company's goodwill increased to HKD 279,177 thousand from HKD 271,958 thousand, reflecting a growth of approximately 2.6%[11]. - The total value of current liabilities decreased significantly, with bank loans dropping from HKD 8,441,293 thousand to HKD 4,630,786 thousand, a decrease of about 45.0%[14]. - The company's total assets minus current liabilities increased to HKD 73,358,192 thousand from HKD 66,824,382 thousand, a growth of approximately 9.1%[14]. Future Outlook and Strategy - The company plans to focus on market expansion and new product development to improve future performance[4]. - Future outlook includes a projected revenue growth of 10% for the next quarter, driven by new product launches[16]. - The company is investing in new technology development, with an allocation of HKD 1,340,924 for R&D initiatives[16]. - A strategic acquisition is in progress, with the company aiming to enhance its market position through mergers and acquisitions[16]. - The overall market strategy includes diversifying product offerings to capture a broader customer base[16]. Cash Flow and Financing - The company reported a net cash flow from operating activities of HKD 450,506,000, compared to a net outflow of HKD (500,278,000) in the previous year[22]. - Total cash flow used in investing activities was HKD (1,125,780,000), down from HKD (1,298,542,000) in the prior year[22]. - New bank loans amounted to HKD 5,649,939,000, while repayments totaled HKD (5,090,735,000), resulting in a net cash flow from financing activities of HKD 1,272,381,000[25]. - The company ended the period with cash and cash equivalents of HKD 4,903,731,000, an increase from HKD 2,990,520,000 in the previous year[25]. - The company’s retained earnings stood at HKD 19,281,458,000, reflecting a decrease of HKD (753,092,000) during the period[22]. Revenue Segments - The revenue from the theme park operations for the six months ended January 31, 2021, was HKD 16.474 million, down from HKD 14.197 million in the previous year[31]. - The media and entertainment segment generated revenue of HKD 176.723 million for the six months ended January 31, 2021, compared to HKD 233.355 million in the same period last year, reflecting a decline of approximately 24.3%[31]. - The hotel business reported revenue of HKD 306.839 million for the six months ended January 31, 2021, down from HKD 729.948 million in the previous year, representing a significant decrease of 58%[31]. - The group's property investment segment generated revenue of HKD 743.061 million for the six months ended January 31, 2021, compared to HKD 744.841 million in the previous year, showing a slight decrease[31]. - Property sales revenue increased to HKD 940,761,000 for the six months ended January 31, 2021, compared to HKD 744,841,000 in the previous year, marking an increase of about 26.3%[38]. Market and Operational Challenges - The cinema operations of the company were significantly impacted by COVID-19, with theaters in Hong Kong required to close for over 160 days[111]. - The company remains cautiously optimistic about long-term entertainment demand despite the challenging operating environment due to COVID-19[111]. Investments and Acquisitions - The company has plans for market expansion, focusing on increasing its stake in Huanya Media Group to 67.56%[16]. - The group successfully acquired a residential development project at Wong Chuk Hang Station, covering approximately 95,600 square feet, expected to provide around 1,050 residential units[99]. - The company acquired a 20% stake in a subsidiary for HKD 557,250,000, enhancing its market position[20]. Shareholder Information - The company declared a final dividend for the year ended July 31, 2019, with a cash payment option available to shareholders[20]. - The company's weighted average number of ordinary shares increased to 392,611,000 for the period, compared to 386,880,000 in the previous year, reflecting an increase in share issuance[50].

Financial Performance - For the fiscal year ending July 31, 2020, the company reported revenue of HKD 5,324.2 million, a decrease of 19.4% from HKD 6,609.8 million in 2019[15]. - Gross profit for the same period was HKD 1,658.8 million, down from HKD 2,406.7 million in 2019[15]. - The company reported a net loss attributable to shareholders of approximately HKD 1,965.9 million for the year ended July 31, 2020, a significant decrease from a net profit of HKD 2,797.5 million in 2019[18]. - The loss per share was HKD 5.067, compared to earnings per share of HKD 7.249 in the previous year[18]. - The operating loss for the year was HKD 3,266.2 million, with an operating margin of -61%[49]. - The net loss attributable to the company was HKD 1,965.9 million, with a reported net margin of -37%[49]. - The company reported a loss before tax of HKD 4,445,634,000 compared to a profit of HKD 5,013,292,000 in the previous year[180]. - The net loss for the year was HKD 4,362,760,000, a significant decline from a profit of HKD 4,846,347,000 in 2019[180]. Revenue Breakdown - Revenue from property investment decreased by 4.3% to HKD 1,412.2 million, while revenue from property development and sales fell by 25.9% to HKD 1,690.2 million[16]. - Restaurant business revenue declined by 18.1% to HKD 421.8 million, and media and entertainment revenue dropped by 44.8% to HKD 326.6 million[16]. - Cinema operations revenue decreased significantly by 56.0% to HKD 229.3 million, attributed to the impact of COVID-19 and social unrest in Hong Kong[15][16]. - The cinema operations segment recorded a revenue of HKD 229.3 million for the year ended July 31, 2020, down from HKD 521.1 million in 2019, resulting in a significant loss of HKD 515.2 million compared to a loss of HKD 110.7 million in the previous year[159]. - The media and entertainment segment generated revenue of HKD 326.6 million for the year ended July 31, 2020, a decrease from HKD 591.8 million in 2019[162]. Property Development and Investment - The property investment segment contributed approximately 63% to the total revenue of the company, with a leasing portfolio of 4,500,000 square feet in first-tier cities and the Greater Bay Area as of July 31, 2020[30]. - The company expects to expand its leasing portfolio to approximately 8,800,000 square feet after the completion of ongoing projects, including the redevelopment of existing sites in Shanghai and Guangzhou[31]. - The company plans to continue participating in government tenders to expand its property portfolio[28]. - The company sold and delivered 599 units at the Blue Tongue project at an average price of approximately HKD 17,900 per square foot[27]. - The company has sold 110 units at the Yixing project in Shau Kei Wan, with a total sales area of approximately 34,497 square feet and an average price of approximately HKD 20,911 per square foot[27]. Operational Challenges and Strategies - Future outlook includes a focus on diversifying revenue streams and enhancing operational efficiency in response to market challenges[15]. - The company is exploring new strategies for market expansion and potential acquisitions to strengthen its portfolio[15]. - The management remains committed to improving shareholder value through strategic initiatives and operational improvements[15]. - The cinema operations faced significant disruptions due to social unrest and COVID-19, with theaters in Hong Kong closed for extended periods[39]. - Despite the challenges, the company remains cautiously optimistic about the fundamental entertainment demand in the market[39]. Financial Position and Cash Flow - The company's total cash and bank deposits as of July 31, 2020, were HKD 6,182.6 million, with undrawn financing of HKD 5,200.5 million[44]. - The net debt-to-equity ratio increased to 77% from 66% in the previous year[44]. - The group held cash and bank balances of HKD 6,182.6 million and unutilized financing of HKD 5,200.5 million as of July 31, 2020[170]. - The total bank loans amounted to HKD 16,542.9 million, with HKD 8,441.3 million due within one year[170]. Market and Economic Conditions - The company is closely monitoring market conditions in Hong Kong and mainland China to enhance operational efficiency and evaluate opportunities for further business expansion[39]. - The company is exposed to foreign exchange risks primarily related to the Chinese Yuan, as its assets and revenues are mainly denominated in RMB[175]. - The company has implemented a strategy to closely monitor exchange rate fluctuations and may consider hedging significant foreign exchange risks[175]. Employee and Corporate Governance - The company employed approximately 4,600 employees as of July 31, 2020, maintaining competitive salary levels and performance-based promotions[176]. - The company has pledged various assets, including investment properties and bank deposits, as collateral for bank financing[174]. Future Developments - The company is exploring potential strategic alliances and financing methods to promote the development of the Innovation Square[141]. - The company is optimistic about the long-term contribution of the Innovation Square to its overall performance following the resumption of operations[32]. - The construction of the second phase of the Innovation Square is ongoing, with the key element being the opening of the Harrow International School in February 2021[32].

Financial Performance - The company's revenue for the six months ended January 31, 2020, was HKD 2,811,143,000, a decrease of 26.3% compared to HKD 3,815,851,000 for the same period in 2019[5]. - Gross profit for the same period was HKD 1,125,909,000, down 21.3% from HKD 1,431,322,000 year-on-year[5]. - The company reported a loss from operations of HKD 1,252,439,000, compared to a profit of HKD 4,519,434,000 in the previous year[5]. - The net loss attributable to shareholders was HKD 1,783,624,000, compared to a profit of HKD 4,904,925,000 in the prior year[5]. - Basic loss per share was HKD 1.947, compared to earnings of HKD 7.568 per share in the previous year[6]. - Total comprehensive loss for the period was HKD 2,085,726,000, compared to total comprehensive income of HKD 5,536,874,000 in the same period last year[8]. - The company reported a net loss of HKD 1,707,985 in 2020, compared to a profit of HKD 612,160 in 2019[48]. - The company reported a net loss attributable to shareholders of approximately HKD 753.1 million for the six months ended January 31, 2020, compared to a net profit of HKD 2,914.6 million in the same period last year, representing a significant decline of 125.8%[152]. Revenue Breakdown - The cinema operations revenue in 2020 was HKD 194,566, down 9.2% from HKD 214,277 in 2019[48]. - The hotel business revenue decreased to HKD 478,532 in 2020, a decline of 34.5% from HKD 731,526 in 2019[48]. - Property investment revenue in 2020 was HKD 743,897, a decrease of 57.5% compared to HKD 1,751,268 in 2019[48]. - The media and entertainment segment generated revenue of HKD 202,827 in 2020, an increase of 8.1% from HKD 189,000 in 2019[48]. - The restaurant business revenue was HKD 233,355 in 2020, down 16.8% from HKD 280,620 in 2019[48]. - The total revenue for the six months ending January 31, 2020, was HKD 2,811,143,000, a decrease of 26.3% compared to HKD 3,815,851,000 for the same period in 2019[63]. - Property sales revenue decreased significantly to HKD 744,841,000 from HKD 1,751,268,000, representing a decline of 57.5%[63]. Assets and Liabilities - Total non-current assets increased to HKD 70,020,699,000 from HKD 68,905,149,000, representing a growth of approximately 1.6%[11]. - Current assets decreased to HKD 12,465,486,000 from HKD 13,834,787,000, a decline of about 9.9%[11]. - Total liabilities decreased from HKD 51,189,706,000 to HKD 48,969,569,000, a reduction of approximately 4.3%[14]. - Current liabilities decreased to HKD 8,139,954,000 from HKD 9,588,277,000, a decrease of about 15.1%[14]. - Non-current liabilities increased to HKD 25,376,662,000 from HKD 21,961,953,000, an increase of approximately 15.5%[14]. - The company's equity attributable to owners decreased from HKD 22,612,336,000 to HKD 21,847,724,000, a decrease of approximately 3.4%[14]. - The company’s total assets were reported at HKD 52,066,923, indicating a stable asset base[19]. Cash Flow and Financing - Cash flow from operating activities showed a net outflow of HKD 500,278, compared to a net outflow of HKD 893,856 in the previous year[23]. - The company incurred a cash outflow of HKD 1,298,542 from investing activities, a significant decrease from a cash inflow of HKD 942,095 in the previous year[23]. - The net decrease in cash and cash equivalents was $(775,556), with an initial balance of $3,854,388[26]. - The company repaid bank loans totaling $5,581,397, compared to $3,900,058 in the previous period[26]. - The net cash flow from financing activities amounted to $1,023,264, an increase from $130,004[26]. Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[19]. - Future guidance indicates a focus on recovery strategies post-pandemic, aiming for a gradual increase in revenue across all segments[50]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[51]. - The group is actively preparing to face future challenges amid the global economic uncertainties caused by events such as the COVID-19 pandemic and the oil price war between Russia and Saudi Arabia[127]. - The group is pursuing a cautious approach to expand land reserves and manage financial conditions amid ongoing market challenges[148]. Investment Properties and Rental Income - The company’s investment properties slightly decreased from HKD 41,962,537,000 to HKD 41,610,422,000, a decline of about 0.8%[11]. - The total rental income for the six months ended January 31, 2020, was HKD 743.9 million, a 1.7% increase from HKD 731.5 million in the previous year[163]. - The rental income from Hong Kong properties amounted to HKD 345.8 million, up 4.0% from HKD 332.4 million[166]. - The total rental income from joint venture projects was HKD 77.1 million, a decrease of 20.9% compared to HKD 97.5 million in the previous year[165]. - The average occupancy rate of the Ocean Park Marriott Hotel was approximately 68% during the review period, primarily due to local residents making up more than half of the customers[128]. Stock Options and Management - The company issued 800,000 stock options during the period, increasing the total unexercised options to 14,993,134 as of January 31, 2020[91]. - The fair value of stock options granted during the period was approximately HKD 3,248,000, equating to HKD 4.060 per share[92]. - The total short-term employee benefits paid to key management personnel was HKD 41,174,000, a decrease from HKD 44,401,000 in the previous year[101]. Market Conditions and Future Outlook - The group reported a significant impact on investor confidence due to the ongoing global pandemic and market volatility, making long-term effects difficult to quantify[127]. - The company is actively monitoring market trends to adjust its strategies for future growth and sustainability[166]. - Future guidance indicates a cautious outlook due to market uncertainties, with a focus on maintaining occupancy rates and rental income stability[166].

Financial Performance - For the fiscal year ending July 31, 2019, the company reported a revenue of HKD 6,609.8 million, a significant increase of 266.4% compared to HKD 1,804.0 million in 2018[17] - Gross profit for the same period was HKD 2,406.7 million, up from HKD 1,066.7 million in 2018, reflecting strong operational performance[17] - The net profit attributable to the company's owners for the year ended July 31, 2019, was approximately HKD 2,797.5 million, an increase from HKD 2,567.4 million in 2018, primarily due to reduced fair value gains from investment properties[20] - Basic earnings per share increased to HKD 7.249 for the year ended July 31, 2019, compared to HKD 6.686 in 2018, reflecting a positive performance despite the impact of property revaluation[20] - The adjusted net profit for the year was HKD 279.6 million, a significant increase of 293% from HKD 71.2 million[55] - The company's cash position as of July 31, 2019, was HKD 5,498.8 million, with a net debt-to-equity ratio of 66.2%[52] - The company's total assets per share increased to HKD 58.448, a 13% rise from HKD 51.507[55] - The profit attributable to the company's owners for 2019 was HKD 2,797.5 million, showing a substantial increase from HKD 1,456.7 million in 2018[59] Revenue Sources - Property investment revenue increased by 80.4% to HKD 1,476.3 million from HKD 818.5 million in the previous year[18] - Revenue from property development and sales surged to HKD 2,279.8 million, a dramatic increase of 569,850.0% from HKD 0.4 million in 2018[18] - Restaurant business revenue remained stable at HKD 514.8 million, slightly up from HKD 514.0 million[18] - Hotel business revenue rose by 61.8% to HKD 686.1 million, compared to HKD 424.0 million in the prior year[18] - The media and entertainment segment generated HKD 591.8 million in revenue, a new addition to the company's portfolio[18] Property Development and Investment - The company plans to continue expanding its property development and investment activities in both Hong Kong and mainland China[17] - The group successfully acquired land in Yuen Long for HKD 209,800,000, expected to add approximately 42,200 square feet of residential space to its development portfolio[36] - The company confirmed the completion of residential projects in Hong Kong, contributing to the overall revenue growth[17] - The company plans to utilize the rich resources and experience from property investment and development following the acquisition of Fengde Li[28] - The total leasable area in mainland China is approximately 3,465,000 square feet, with a rental income performance close to 100% occupancy[32] Strategic Initiatives - Future strategies include enhancing operational efficiency and exploring new market opportunities in the entertainment sector[17] - The company plans to continue seeking strategic alliances and investment opportunities to enhance its media platform and expand revenue sources[51] - The company is focused on expanding its investment properties, which have shown significant growth in recent years[172] - The company aims to adopt a prudent and flexible approach to increase land reserves and manage financial conditions[52] Market Outlook - The group remains cautiously optimistic about the business outlook in the Greater Bay Area, particularly in southern China[33] - Future guidance indicates a positive outlook for rental income growth, driven by strategic acquisitions and market expansion[78] Dividends and Shareholder Value - The board proposed a final dividend of HKD 0.074 per share for the fiscal year ended July 31, 2019, amounting to approximately HKD 28.629 million, subject to shareholder approval[23] - The company's net asset value per share increased by 13.5% to HKD 58.448 as of July 31, 2019, from HKD 51.507 as of July 31, 2018[21] Acquisitions and Joint Ventures - The acquisition of Fengde Li has strengthened the company's position in the Greater Bay Area, with the completion of the acquisition of a 20% equity interest in the Hengqin Innovation Phase I project[28] - The company’s non-wholly owned subsidiary, Lixin Development, has integrated the financial performance of Fengde Li since it became a subsidiary, enhancing overall group performance[27] - The contribution from joint ventures was HKD 649.3 million, a decrease from HKD 1.71 billion in the previous year[158] Property Portfolio - The total attributable gross floor area of the property portfolio held by the group was approximately 4,400,000 square feet as of July 31, 2019[65] - The company has a total of 2,620 thousand square feet of completed rental properties, with 1,660 parking spaces available[66] - The group has a diversified property portfolio, including commercial, residential, and industrial properties across multiple regions[68] Media and Entertainment Expansion - The company is actively expanding its media and entertainment business in Hong Kong and mainland China, focusing on original film productions and high-quality television series[45] - The live performance segment hosted and invested in 118 shows featuring local and international artists during the review year[150] - The cinema operations segment achieved a revenue of HKD 521.1 million, operating 10 cinemas in Hong Kong and 3 in mainland China[155] Environmental, Social, and Governance (ESG) Initiatives - The group has identified key environmental, social, and governance (ESG) issues through stakeholder engagement and prioritized resource allocation accordingly[200] - The management team is responsible for developing policies and procedures to manage ESG risks across business units[197]

Financial Performance - For the six months ended January 31, 2019, the company reported a revenue of HKD 3,815,851,000, a significant increase from HKD 917,890,000 in the same period last year, representing a growth of approximately 315%[4] - Gross profit for the same period was HKD 1,431,322,000, compared to HKD 543,633,000 in the previous year, indicating a growth of about 163%[4] - The operating profit for the six months was HKD 743,204,000, down from HKD 892,948,000 year-on-year, reflecting a decrease of approximately 17%[4] - The net profit attributable to the company's owners was HKD 2,914,638,000, compared to HKD 674,672,000 in the previous year, marking an increase of around 332%[4] - Basic earnings per share for the period was HKD 7.568, up from HKD 1.762 in the same period last year, representing an increase of approximately 329%[4] - Total comprehensive income for the period was HKD 5,536,874,000, significantly higher than HKD 1,810,132,000 in the previous year, indicating an increase of about 206%[7] Assets and Liabilities - Non-current assets increased significantly to HKD 68,682,944,000 as of January 31, 2019, compared to HKD 42,894,326,000 as of July 31, 2018, representing a growth of approximately 60.4%[9] - Current assets rose to HKD 15,412,053,000 from HKD 7,826,762,000, marking an increase of about 96.5%[11] - Total liabilities increased to HKD 52,066,923,000 from HKD 34,098,527,000, reflecting a growth of approximately 52.6%[11] - The company's equity attributable to owners stood at HKD 22,964,135,000 as of January 31, 2019, compared to HKD 19,837,343,000 as of July 31, 2018, indicating an increase of around 10.7%[11] - The total value of investment properties surged to HKD 41,800,521,000 from HKD 21,460,590,000, representing a growth of approximately 94.5%[9] Cash Flow and Financing - The company reported a financing cost of HKD 259,781,000, which increased from HKD 183,740,000 in the previous year, reflecting a rise of approximately 42%[4] - The cash flow from operating activities was negative at (893,856,000) HKD for the six months ended January 31, 2019, compared to a positive cash flow of 403,987,000 HKD in the same period last year[23] - The company reported a net cash outflow from investing activities of 942,095,000 HKD for the six months ended January 31, 2019[23] - The net cash flow from financing activities was $130,004,000, compared to a net outflow of $592,790,000 in the previous period[26] - The total cash and cash equivalents at the end of the period amounted to $4,340,497,000, an increase from $4,098,043,000 in the previous period[26] Market Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The group plans to expand its market presence through new product launches and strategic acquisitions in the upcoming fiscal year[78] - The group anticipates a positive outlook for the next fiscal year, driven by ongoing investments in technology and market expansion strategies[78] Segment Performance - The property investment segment reported revenue of HKD 731.5 million, an increase of 80.3% from HKD 405.7 million[188] - The property development and sales segment generated revenue of HKD 1,751.3 million, with no prior period for comparison[188] - The hotel business revenue increased by 21.0% to HKD 280.6 million, compared to HKD 231.9 million in the previous period[188] - The restaurant business saw a slight increase in revenue to HKD 269.8 million, up 0.5% from HKD 268.5 million[188] Acquisitions and Investments - The company has recognized a bargain purchase gain of HKD 6,761,861,000 from the acquisition of a subsidiary during the period[4] - The acquisition of Fung Tak Lee involved an additional 40.44% stake purchased for approximately HKD 735,000,000, increasing the total ownership to 77.38%[147] - The total transaction costs related to the acquisition amounted to approximately HKD 47,000,000, with HKD 32,000,000 incurred in the previous year[159] Financial Reporting Changes - The company adopted the expected credit loss model under HKFRS 9, which replaced the incurred loss model, significantly changing the accounting treatment for financial asset impairments[44] - The cumulative impact of adopting HKFRS 15 on retained earnings was adjusted as of August 1, 2018, without restating comparative information[50] - The contract liabilities increased by HKD 59,473,000 to HKD 2,303,902,000 due to the application of HKFRS 15, reflecting the impact on the financial position[55]