Revenue Performance - The hotel and serviced apartment business generated revenue of HKD 623 million for the six months ended January 31, 2024, a significant increase of approximately 47.8% compared to HKD 421.5 million in the same period last year[1]. - The cinema operations recorded revenue of HKD 188.9 million for the six months ended January 31, 2024, down from HKD 263.1 million in the previous year, resulting in a loss of HKD 55.9 million[10]. - The media and entertainment segment reported revenue of HKD 179.3 million, a slight increase from HKD 176.0 million in the previous year, with profit rising from HKD 17.4 million to HKD 25.0 million[13]. - For the six months ending January 31, 2024, the total revenue was HKD 3,086.9 million, an increase of 22.8% compared to HKD 2,512.9 million in the same period last year[35]. - The property investment segment generated revenue of HKD 673.3 million, up 10.7% from HKD 608.4 million year-on-year[35]. - The property development and sales segment saw a significant increase in revenue to HKD 924.6 million, a 54.0% rise from HKD 600.2 million[35]. - The restaurant and catering sales business achieved revenue of HKD 285,840,000, compared to HKD 262,619,000, indicating a growth of 8.5% year-over-year[52]. - The total rental income from joint venture projects in Hong Kong for the six months ending January 31, 2024, is reported at HKD 69 million, compared to HKD 67.8 million for the same period in 2023[86]. Hotel and Apartment Operations - The Ocean Park Marriott Hotel in Hong Kong recorded revenue of HKD 226.7 million with an occupancy rate of 67.2%[2]. - The Caravelle Hotel in Ho Chi Minh City achieved revenue of HKD 246.3 million and an occupancy rate of 86.0%[2]. - The Zhuhai Hengqin Hyatt Hotel reported revenue of HKD 82.0 million with an occupancy rate of 78.3%[2]. - The Shanghai Ascott Huaihai Road serviced apartments generated revenue of HKD 52.8 million with an occupancy rate of 85.8%[2]. - The total number of hotel rooms across the group is 1,848, with a total built-up area of approximately 1,856,594 square feet[2]. Losses and Financial Challenges - The net loss attributable to shareholders for the six months was approximately HKD 1,116.6 million, compared to HKD 818.6 million in the previous year[35]. - The company reported a loss before tax of HKD 2,002,539, compared to a loss of HKD 1,572,512 in the previous year, indicating a 27.2% increase in losses[40]. - The total comprehensive loss for the period was HKD 2,265,822, compared to HKD 1,725,264 in the prior year, reflecting a 31.4% increase[42]. - The company’s loss attributable to shareholders was HKD 1,116,646, compared to HKD 818,604 in the previous year, marking a 36.5% increase[40]. Property Development and Sales - The company produced and invested in a total of 1 film and 1 television program during the review period, compared to 2 films in 2023[17]. - The company anticipates continued growth in property sales and revenue in the upcoming quarters, driven by strategic market expansions and new developments[137]. - The total confirmed sales from properties in Hong Kong reached HKD 924.6 million, with significant contributions from various residential and parking unit sales[125]. - The total sales area for the completed project "Blue Tang Ao" was approximately 405,831 square feet, with an average price of HKD 18,000 per square foot[141]. Financial Position and Assets - The company held cash and bank balances of approximately HKD 4.5 billion and undrawn financing of HKD 5.6 billion as of January 31, 2024[21]. - The total assets as of January 31, 2024, were HKD 60,952,834,000, compared to HKD 62,861,465,000 as of July 31, 2023, indicating a decrease of approximately 3.0%[54]. - The total liabilities decreased to HKD 37,893,418,000 from HKD 38,202,239,000, a reduction of about 0.8%[54]. - The company reported a fair value loss on investment properties of HKD 1,116,797,000 for the current period, compared to HKD 916,052,000 in the previous year[52]. Market Outlook and Strategic Initiatives - The global GDP growth for 2023 is expected to be stronger than anticipated, primarily due to the post-COVID-19 recovery, but geopolitical tensions and high interest rates are hindering recovery[76]. - The Hong Kong market is projected to see GDP growth between 2.5% and 3.5% in 2024, despite facing challenges such as high interest rates and low consumer confidence[77]. - The company is actively optimizing its tenant mix and has completed several renovations to enhance the competitiveness of its leasing properties in Hong Kong[80]. - The company has established a strategic alliance with Alibaba's Youku and Alibaba Pictures Group for joint production and investment in films and TV series, enhancing its market presence[155]. Restaurant and Catering Business - The restaurant and catering sales business generated revenue of HKD 285.8 million for the six months ending January 31, 2024, an increase of approximately 8.8% compared to HKD 262.6 million in the same period last year, primarily due to the easing of COVID-19 restrictions[197]. - The group opened two new restaurants during the review period: Plaisance by Mauro Colagreco and KiKi Noodle Shop at Hysan Place[197]. - The group currently operates 27 restaurants in Hong Kong and mainland China, along with one managed restaurant in Macau[197]. - The group holds a 38% stake in the Michelin three-star restaurant 8½ Otto e Mezzo BOMBANA in Hong Kong, which has maintained its rating from 2012 to 2024[197].

Financial Performance - For the fiscal year ending July 31, 2023, the company reported a revenue of HKD 4,994.6 million, a decrease of 3.8% from HKD 5,191.8 million in the previous year[12]. - The gross profit for the same period was HKD 799.3 million, down from HKD 1,622.1 million, indicating a significant decline[12]. - The company experienced a net loss attributable to shareholders of approximately HKD 1,665.4 million, compared to a loss of HKD 1,196.3 million in the previous year, reflecting an increase in losses[14]. - The company reported a loss per share of HKD 2.159, compared to HKD 1.928 in the previous year[14]. - The increase in losses was primarily due to reduced property sales from Lai Fung Holdings and increased financing costs[14]. - The fair value of investment properties decreased compared to the previous fiscal year, contributing to the overall loss[14]. - The company reported an operating loss of HKD 2,358.1 million, with an operating loss margin of -47%, compared to -24% in the previous year[49]. - The net loss attributable to shareholders was HKD 1,665.4 million, with a reported net loss margin of -33%, compared to -23% in the previous year[49]. - The company completed a rights issue in January 2023, raising approximately HKD 447.1 million, which was fully utilized to repay outstanding bank loans[45]. - The company's stock price as of July 31, 2023, was HKD 1.350, down from HKD 4.490 the previous year[49]. Revenue Breakdown - Revenue from property investment decreased by 6.4% to HKD 1,255.6 million, while property development and sales dropped by 43.8% to HKD 946.6 million[13]. - The restaurant and food sales business saw an increase of 31.6%, reaching HKD 552.6 million, and hotel operations revenue rose by 50.4% to HKD 977.7 million[13]. - Media and entertainment revenue increased by 45.1% to HKD 372.5 million, while cinema operations revenue grew by 36.4% to HKD 525.1 million[13]. - The company's revenue from rental business for the fiscal year was HKD 1,255.6 million, a decrease from HKD 1,341.8 million in the previous year[54]. - Rental income from properties in Hong Kong, London, and Mainland China was HKD 539.8 million, HKD 77.1 million, and HKD 638.7 million respectively[54]. Asset and Equity Position - As of July 31, 2023, the company's equity attributable to shareholders was HKD 18,290.7 million, down from HKD 19,274.6 million a year earlier[16]. - The net asset value per share decreased from HKD 32.729 as of July 31, 2022, to HKD 20.706 as of July 31, 2023, primarily due to the expansion of the shareholder base from a rights issue completed in January 2023[16]. - The company's net asset value per share decreased to HKD 20.706 from HKD 32.729 in the previous year[49]. - The total assets of the group as of July 31, 2023, amounted to HKD 77,022,021,000, down from HKD 84,504,924,000 in 2022, reflecting a decrease of approximately 8.5%[193]. - The group's total liabilities were HKD (38,202,239,000) in 2023, a reduction from HKD (41,431,237,000) in 2022, showing a decrease of about 7.5%[193]. Market Conditions and Challenges - The global geopolitical and economic issues continue to overshadow the fragile global economic recovery, with inflation driven by high commodity prices and supply chain disruptions[20]. - The office leasing business in Hong Kong faced challenges, with a cautious market leading to increased vacancy rates and downward pressure on rental prices[22]. - China's GDP growth target for 2023 is approximately 5.0%, reflecting the impact of economic slowdown, with ongoing government measures to stimulate economic growth[32]. - The company anticipates challenges in the upcoming fiscal year but remains committed to strategic initiatives aimed at improving financial performance and operational efficiency[190]. Property Development and Sales - Construction of the Bal Residence and Yuen Long Tai Keng Ling projects is on schedule, expected to complete in the first half of 2024, adding approximately 71,800 sq ft and 42,200 sq ft to the development portfolio[25]. - As of October 20, 2023, eight units of Bal Residence have been pre-sold, with a total saleable area of approximately 2,731 sq ft and an average selling price of HKD 17,800 per sq ft[25]. - The company has acquired two residential projects, with a total construction area of approximately 46,600 square feet for the Woda Lao Dao 116 project, providing around 85 residential units, and approximately 55,200 square feet for the Xu He Dao 1 and 1A projects, offering about 27 medium to large residential units[27]. - The company has sold all 144 residential units of the Yi Xing project, with a total saleable area of approximately 45,822 square feet and an average selling price of about HKD 21,300 per square foot[28]. - The confirmed sales revenue from property sales for the year ended July 31, 2023, was HKD 946.6 million, a decrease of 43.8% compared to HKD 1,685.5 million in 2022[108]. Operational Strategies - The company continues to diversify its business, focusing on property investment, hotel operations, and media production[6]. - The company continues to optimize its tenant mix and has completed several renovations to enhance the competitiveness of its major leasing properties[24]. - The company is focusing on enhancing its operational efficiency and optimizing its property management strategies to improve rental income performance[60]. - The company plans to continue seeking collaboration and investment opportunities to diversify its business and maximize shareholder value[45]. - The company maintains a cautious and flexible approach to seize new development opportunities[30]. Cinema and Media Operations - The cinema operations in Hong Kong have fully reopened, with all seating now available, following the easing of COVID-19 restrictions[39]. - The company has successfully expanded its cinema network by opening four new cinemas in Hong Kong, including the MCL Cinemas Plus+ in Diamond Hill[39]. - The media group continues to invest in original quality film productions, including projects currently in production[42]. - The media and entertainment segment recorded revenue of HKD 372,500,000 for the year ending July 31, 2023, up from HKD 256,800,000 in the previous year, turning a loss of HKD 8,400,000 into a profit of HKD 12,200,000[172]. - The cinema operations segment reported revenue of HKD 525,100,000 for the year ending July 31, 2023, compared to HKD 385,000,000 in 2022, with a reduced loss of HKD 55,500,000[170]. Employee and Management Practices - The group employed approximately 4,100 employees as of July 31, 2023, emphasizing the importance of maintaining a stable workforce for ongoing success[188]. - The group has implemented competitive salary policies and performance-based promotions, which are crucial for employee retention and motivation[188]. - The group continues to invest in new product development and technology to enhance market competitiveness, although specific figures were not disclosed in the report[190]. Future Outlook - The group plans to continue expanding its property portfolio and exploring new investment opportunities in the market[60]. - The group is exploring market expansion opportunities and potential mergers and acquisitions to drive future growth, although detailed plans were not outlined in the conference call[190]. - The group’s future strategy focuses on providing management services, particularly leveraging opportunities from the Li Fung Group's developments in Shanghai, Guangzhou, Zhongshan, and Hengqin[165].

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，概不對因本公佈全部或任何部份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。 截至二零二三年七月三十一日止年度之 末期業績公佈 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」） 截至二零二三年七月三十一日止年度之綜合業績，連同去年比較數字如下： 綜合收益表 截至二零二三年七月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 營業額 4 4,994,591 5,191,815 銷售成本 (4,195,305) (3,569,673) 毛利 799,286 1,622,142 其他收入及收益 359,274 412,948 銷售及市場推廣開支 (241,182) (253,834) 行政開支 (956,369) (897,700) 其他經營開支 (1,428,736) (2,230,081) ...

Financial Performance - Revenue for the six months ended January 31, 2023, was HKD 2,512,885,000, a decrease of 9.3% compared to HKD 2,770,827,000 for the same period in 2022[3]. - Gross profit for the same period was HKD 952,846,000, down 5.6% from HKD 1,009,048,000 year-on-year[3]. - Operating loss increased significantly to HKD 956,590,000 from HKD 176,397,000 in the previous year, reflecting a deterioration in operational performance[3]. - The company reported a net loss of HKD 1,623,937,000 for the period, compared to a loss of HKD 715,171,000 in the prior year, indicating a year-on-year increase of 127.5%[4]. - Basic and diluted loss per share was HKD 1.238, compared to HKD 0.522 for the same period last year[3]. - The company reported a loss of HKD 818,604,000 for the period, contributing to a total comprehensive loss of HKD 1,725,264,000[8]. - The company raised HKD 447,083,000 from a rights issue during the period[8]. - The company's share capital increased to HKD 2,178,944,000 from HKD 1,731,861,000, reflecting a growth of 25.8%[8]. - The total reserves decreased from HKD 17,542,722,000 to HKD 16,724,321,000, a decline of 4.7%[8]. Assets and Liabilities - Non-current assets totaled HKD 62,219,066,000 as of January 31, 2023, a decrease from HKD 63,153,622,000 as of July 31, 2022[6]. - Current assets decreased to HKD 18,848,962,000 from HKD 21,351,302,000, reflecting a decline of 11.7%[6]. - As of January 31, 2023, current liabilities totaled HKD 10,633,962,000, a decrease of 18.3% from HKD 13,007,448,000 as of July 31, 2022[7]. - Non-current liabilities were reported at HKD 28,319,410,000, slightly down from HKD 28,423,789,000, indicating a decrease of 0.4%[7]. - The equity attributable to the company's owners was HKD 18,903,265,000, a decrease of 1.9% from HKD 19,274,583,000[7]. - The company's total assets minus current liabilities amounted to HKD 70,434,066,000, down from HKD 71,497,476,000, reflecting a decline of 1.5%[7]. - The company's total liabilities were reported at HKD 876,718, indicating a need for careful management of debt levels[10]. Cash Flow and Investments - The net cash flow used in operating activities for the six months ended January 31, 2023, was HKD (1,075,581) thousand, an improvement from HKD (2,455,616) thousand in the same period last year[11]. - Cash flow from investing activities resulted in a net inflow of HKD 1,024,110 thousand, compared to HKD 1,770,100 thousand in the previous year[13]. - The net cash flow used in financing activities was HKD (1,233,314) thousand, a slight improvement from HKD (1,485,078) thousand in the previous year[13]. - The company made investments in property, plant, and equipment totaling HKD (87,392) thousand, down from HKD (171,731) thousand in the previous year[11]. - The company’s unrestricted cash and bank balances were HKD 3,300,036 thousand, down from HKD 4,935,335 thousand year-over-year[13]. Revenue Segments - Total revenue for the six months ended January 31, 2023, was HKD 2,604,507,000, a decrease of 7.7% compared to HKD 2,822,284,000 in the same period of 2022[21]. - The property development and sales segment generated revenue of HKD 600,158,000, down 30.1% from HKD 858,861,000 year-on-year[21]. - The hotel business reported a loss of HKD 138,367,000, compared to a loss of HKD 167,492,000 in the previous year, indicating an improvement[21]. - The media and entertainment segment, including film and television, saw a revenue increase to HKD 176,048,000 from HKD 147,244,000, representing a growth of 19.6%[21]. - Revenue from rental income was HKD 503,610,000, a decrease from HKD 589,460,000 in the previous year[25]. Market Outlook and Strategy - The company plans to focus on market expansion and new product development to improve future performance[5]. - The company has not provided specific guidance for future performance but indicated ongoing challenges in the market[21]. - The company continues to explore new strategies for market expansion and product development, although specific details were not disclosed in the call[21]. - The company remains cautious and flexible in its approach to new development opportunities amid global economic uncertainties[63]. Property Development and Sales - The Bal Residence project has commenced pre-sales in February 2023, with 3 units sold, totaling 1,016 square feet at an average price of HKD 18,000 per square foot[59]. - The company plans to complete construction of the Bal Residence and Yuen Long projects by the first half of 2024, adding approximately 71,800 square feet and 42,200 square feet respectively to its portfolio[59]. - The company has sold 75 parking spaces at Blue Tongue, generating total sales proceeds of approximately HKD 204.1 million[60]. - All 144 residential units at Yat Fai have been sold, with a total sales area of 45,822 square feet at an average price of HKD 21,300 per square foot[62]. - The company is optimistic about the long-term prospects of the Hong Kong residential property market, driven by strong demand and supply constraints[59]. Hotel and Hospitality Operations - The hotel and serviced apartment operations generated revenue of HKD 421.5 million for the six months ended January 31, 2023, compared to HKD 335.6 million in the same period of 2022, reflecting a growth of approximately 25.6%[190]. - The occupancy rate for the Ocean Park Marriott Hotel in Hong Kong was 45.9%, while the Caravelle Hotel in Ho Chi Minh City recorded an occupancy rate of 55.2%[191]. - The Caravelle Hotel achieved a revenue of HKD 199.5 million, contributing significantly to the overall hotel revenue[191]. - The group is closely monitoring the tourism market in Thailand, where a hotel project in Phuket is still in the planning stage[190]. Media and Entertainment - The cinema operations recorded revenue of HKD 263.1 million for the six months ended January 31, 2023, compared to HKD 223.9 million in 2022, with a loss of HKD 35.2 million, an improvement from a loss of HKD 61.9 million in the previous year[197]. - The media and entertainment segment achieved revenue of HKD 176 million, up from HKD 147.2 million in 2022, with profit increasing from HKD 9.8 million to HKD 17.4 million[198]. - The group organized and invested in 47 performances during the review period, a significant increase from 8 performances in 2022, featuring local, Asian, and international artists[199]. - The group released 5 albums during the review period, down from 6 in 2022, and plans to leverage its music library through new media to enhance music copyright revenue[200].

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].