Financial Performance - Total revenue for the six months ended June 30, 2020, was HKD 197,370,000, a decrease of 67.4% compared to HKD 604,790,000 in the same period of 2019[8] - Profit before tax for the period was HKD 40,660,000, a significant decline of 89.7% from HKD 392,948,000 in the previous year[8] - Net profit for the six months was HKD 21,231,000, down 93.1% from HKD 310,382,000 in the same period last year[9] - Basic earnings per share decreased to HKD 0.05, compared to HKD 0.79 in the previous year, reflecting a decline of 93.7%[8] - The company reported a total comprehensive loss of HKD 142,635,000 for the period, compared to a comprehensive income of HKD 292,904,000 in the previous year[9] - The group recorded sales revenue of approximately HKD 143.9 million for the period ended June 30, 2020, with 55 residential units and 164 parking spaces sold[77] - The group's unaudited consolidated profit for the six months ended June 30, 2020, was approximately HKD 21,200,000, a decrease of about HKD 289,200,000 compared to HKD 310,400,000 for the same period in 2019[69] Revenue Breakdown - Total revenue for the six months ended June 30, 2020, was HKD 389,148,000, a decrease of 52.6% compared to HKD 821,023,000 for the same period in 2019[18] - Revenue from property development was HKD 141,769,000, down 49.6% from HKD 281,211,000 in the previous year[18] - Revenue from interior decoration services dropped significantly to HKD 2,170,000 from HKD 270,802,000, reflecting a decline of 99.2%[18] - Revenue from hotel operations increased to HKD 13,509,000, up 90.5% from HKD 7,077,000 in the previous year[18] - Revenue from property investment was HKD 156,620,000, down 9.7% from HKD 173,424,000[18] - Customer revenue accounted for HKD 156,620,000, up from HKD 143,939,000, indicating an increase of about 8.8% year-on-year[26] Expenses and Costs - Direct costs for the period were HKD 389,148,000, down from HKD 821,023,000, indicating a reduction of 52.7%[8] - Operating expenses decreased to HKD (65,621,000) from HKD (79,557,000), reflecting a reduction of approximately 17.5%[26] - Employee costs, including director remuneration, increased to HKD 69,526,000 from HKD 62,658,000, reflecting a rise of about 13.9% year-on-year[37] - The financial costs incurred were HKD (17,739,000), which is a slight increase from HKD (17,739,000) in the previous period[28] Assets and Liabilities - As of June 30, 2020, non-current assets totaled HKD 10,914,425, a decrease of 1.83% from HKD 11,118,790 as of December 31, 2019[10] - Current assets amounted to HKD 3,558,559, down 5.53% from HKD 3,766,254 at the end of 2019[10] - Total liabilities decreased to HKD 12,170,323 from HKD 12,470,220, reflecting a reduction of 2.41%[11] - The total equity attributable to shareholders decreased to HKD 12,108,525 from HKD 12,394,035, a decline of 2.31%[11] - The company’s borrowings due within one year were HKD 474,591, slightly down from HKD 491,350 at the end of 2019[11] Cash Flow - The net cash generated from operating activities was HKD 25,499, a significant improvement compared to a cash outflow of HKD 605,902 in the same period of 2019[14] - The company reported a net cash outflow of HKD 166,884 for the six months ended June 30, 2020, compared to HKD 772,682 in the same period of 2019[14] - The company’s bank deposits and cash at the end of the period were HKD 1,864,136, an increase from HKD 1,590,100 at the end of 2019[14] Dividends - The company declared an interim cash dividend of HKD 0.15 per share, with the ex-dividend date set for August 28, 2020[7] - The company declared an interim dividend of HKD 0.15 per share for 2020, down from HKD 0.22 per share in 2019, representing a decrease of approximately 31.8%[40] Operational Highlights - The overall occupancy rate of the group's main investment properties was maintained at 75% as of June 30, 2020[69] - The company aims to improve the occupancy rate of its Shanghai office despite the adverse economic impacts of the pandemic[75] - The group’s investment in warehouses and factories in Japan and Australia maintained a 100% occupancy rate, generating stable rental income of approximately HKD 10.5 million[82] Corporate Governance - The company has complied with the corporate governance code, except for the roles of the Chairman and Managing Director not being separated, which the board believes is in the best interest of the company[90] - There were no purchases, sales, or redemptions of the company's shares during the six-month period ending June 30, 2020[93] Future Outlook - The management anticipates an additional sales revenue of approximately HKD 1.2 billion from unsold properties under current market conditions[77] - The renovation of the Chuang Ye Plaza is expected to take 18 months, with an estimated cost of HKD 140,000,000 funded by internal resources[73]

Financial Performance - Profit for the year attributable to owners of the Company was HK$429,984,000 in 2019, a decrease of 57.6% compared to HK$1,014,267,000 in 2018[7]. - Basic earnings per share decreased to HK$1.14 in 2019 from HK$2.68 in 2018, reflecting a decline of 57.5%[7]. - The Group recorded a profit of HK$446.5 million for the year ended 31 December 2019, representing a decrease of 57% compared to 2018[29]. - Revenue for 2019 was HK$1,276.5 million, down 30% from HK$1,836.2 million in 2018[89]. - The dividend per share for 2019 was HK$0.60, a decrease of 14% from HK$0.70 in 2018[89]. - The dividend payout ratio for 2018 was 53%, indicating a significant reduction in dividends in 2019[89]. Assets and Liabilities - Total assets increased to HK$14,885,044,000 in 2019, up from HK$14,513,521,000 in 2018, representing a growth of 2.57%[7]. - Total liabilities amounted to HK$2,414,824,000 in 2019, an increase from HK$2,116,453,000 in 2018, marking a rise of 14.1%[7]. - Total net assets increased to HK$12,470,220,000 in 2019, compared to HK$12,397,068,000 in 2018, showing a slight growth of 0.59%[7]. - The company reported a total net asset value per share of HK$32.94 in 2019, up from HK$32.75 in 2018[7]. Market and Economic Conditions - The overall economic environment in 2019 posed challenges, but the company remains optimistic about future growth opportunities[13]. - In 2019, the global economic growth was 2.9%, down from 3.7% in 2018, marking the lowest level since 2008-2009[15]. - The US economy achieved a growth of 2.3% in 2019, which was 0.6% lower compared to 2018, representing the tenth consecutive year of growth since the financial crisis[15]. - The Eurozone's growth rate was around 1.1% in 2019, a decline from 2.4% in 2017, indicating a trend towards stagnation[20]. - Hong Kong's real GDP fell by 1.2% in 2019, marking the first annual decline since 2009, largely due to social unrest affecting tourism and consumer business[25]. Strategic Initiatives - The company is focused on strategic investments to enhance its market position and profitability in the coming years[6]. - The company plans to explore new market expansions and product developments to drive future revenue growth[6]. - The Group plans to generate an additional HK$1.3 billion from the sale of remaining residential units, car parks, and shops in the future[29]. - The management has scheduled to commence construction of the "Elegance Garden" project in Q4 2020, which has a total GFA of 139,515 sq.m.[30]. Rental and Property Management - Gross rental revenue for the year was approximately HK$355 million, a slight decrease of 0.2% from HK$355.7 million in 2018[95]. - The overall occupancy rate of major investment properties was maintained at 78.1% as of December 31, 2019[95]. - Rental revenue from Chong Hing Square was approximately HK$113.7 million, slightly down from HK$113.9 million in 2018, with an occupancy rate of 92%[95]. - The rental revenue from Chong Hing Finance Center in Shanghai was approximately HK$127.7 million, representing a decrease of 9.6% due to increased competition and oversupply in the market[108]. Shareholding and Governance - As of December 31, 2019, Mr. Liu Lit Chi holds a total of 201,307,000 shares, representing approximately 53.17% of the issued share capital of the company[50]. - The top 10 largest shareholders held a total of 358,990,935 shares, representing 94.82% of the Company's issued share capital as of December 31, 2019[61]. - The Company has not received any notifications of other shareholders holding 5% or more of the shares as of December 31, 2019, apart from the disclosed interests[54]. - The Company has established various committees, including the Audit Committee and Nomination Committee, to ensure effective governance[138]. Risk Management and Internal Controls - The Company is committed to safeguarding its assets and preventing fraud through proper accounting records and internal controls[65]. - The Audit Committee is responsible for overseeing the relationship with external auditors and reviewing the company's interim and annual financial statements[159]. - The company has established a sound internal control system to safeguard shareholder interests and protect its assets[160]. - The management actively monitors interest rate movements to minimize potential negative impacts on the Group's financial position[123]. Corporate Social Responsibility and ESG - The Group is committed to integrating corporate social responsibility into its corporate ethos while promoting initiatives that benefit the environment, staff, and community[199]. - The ESG report is prepared in accordance with the "Environmental, Social and Governance Reporting Guide" as set out in Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[199]. - The reporting period for the ESG report is from January 1, 2019, to December 31, 2019[199].

Financial Performance - Total revenue for the six months ended June 30, 2019, was HKD 821,023,000, an increase of 78% compared to HKD 461,637,000 in the same period of 2018[59] - Profit before tax for the same period was HKD 392,948,000, down 10.5% from HKD 439,300,000 in 2018[59] - Net profit for the six months was HKD 310,382,000, a decrease of 24.2% compared to HKD 409,625,000 in the previous year[60] - Basic earnings per share for the period was HKD 0.79, down from HKD 1.07 in 2018, representing a decline of 26.2%[59] - The total comprehensive income for the period was HKD 281,835,000, down from HKD 292,904,000 in the prior year[65] Revenue Breakdown - Revenue from property sales amounted to HKD 281,211,000, up from HKD 173,692,000 year-on-year, indicating a growth of about 62%[97] - Revenue from interior decoration services was HKD 270,802,000, reflecting a substantial increase compared to the previous year's figure of HKD 1, which suggests a strong market demand[97] - The group’s total revenue from customer contracts was HKD 604,790,000, significantly higher than HKD 232,449,000 in the same period last year, representing an increase of approximately 160%[97] - Revenue from property management services was HKD 11,179,000, compared to HKD 10,333,000 in the previous year, showing a growth of about 8%[97] - Hotel operations generated revenue of HKD 7,077,000, an increase from HKD 5,745,000, reflecting a growth of about 23%[97] Expenses and Costs - Direct costs increased significantly to HKD 411,306,000, compared to HKD 167,642,000 in 2018, reflecting a rise of 145%[59] - Operating expenses totaled HKD 513,600,000, with property management expenses at HKD 383,003,000[104] - The company reported a net cash outflow from operating activities of HKD 605,902,000 for the six months ended June 30, 2019, compared to a net inflow of HKD 622,218,000 for the same period in 2018[67] Assets and Liabilities - Non-current assets increased to HKD 11,108,034 thousand as of June 30, 2019, compared to HKD 10,979,464 thousand as of December 31, 2018, reflecting a growth of 1.2%[61] - Current assets totaled HKD 3,797,480 thousand, up from HKD 3,534,057 thousand, marking an increase of 7.5%[61] - Total liabilities increased to HKD 2,066,048 thousand from HKD 1,789,676 thousand, representing a rise of 15.4%[62] - The company's equity rose to HKD 12,508,252 thousand as of June 30, 2019, compared to HKD 12,397,068 thousand, indicating a growth of 0.9%[62] - The total amount of trade and other payables as of June 30, 2019, is HKD 520,077,000, significantly higher than HKD 244,799,000 as of December 31, 2018[126] Cash Flow and Financing - The net cash used in investing activities was HKD 519,097,000, significantly higher than HKD 242,998,000 in the previous year[67] - The company raised new borrowings amounting to HKD 872,461,000, while repaying HKD 318,532,000 in borrowings during the same period[67] - The company’s cash flow from financing activities showed a net inflow of HKD 352,317,000, contrasting with a net outflow of HKD 452,685,000 in the previous year[67] Dividends and Shareholder Information - The company declared an interim cash dividend of HKD 0.22 per share[58] - The company’s cash dividend payout for the year increased from HKD 159,005,000 in 2018 to HKD 181,720,000 in 2019[118] - Major shareholder Liao Group Limited holds 132,326,710 shares, representing 34.95% of the issued share capital[156] Investment and Property Management - The fair value gain on investment properties was HKD 93,516,000, indicating a positive market trend in property valuation[104] - The group recorded sales revenue of approximately HKD 552 million for the six months ended June 30, 2019, primarily from the sale of 199 residential units[148] - The overall occupancy rate of the group's major investment properties was maintained at 88.7% as of June 30, 2019[142] Compliance and Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules[160] - The audit committee reviewed the accounting policies and discussed the financial reporting, including the unaudited interim financial report for the six months ending June 30, 2019[163] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[165]

Financial Performance - Profit for the year attributable to owners of the Company increased to HK$1,014,267,000 in 2018, up from HK$744,888,000 in 2017, representing a growth of 36.2%[5] - Basic earnings per share rose to HK$2.68 in 2018, compared to HK$1.97 in 2017, marking an increase of 36.1%[5] - The Group recorded a profit of HK$1,048 million for the year ended December 31, 2018, representing a 35% increase compared to 2017[23] - Revenue for 2018 was HK$1,836.2 million, a decrease of 17% from HK$2,215.4 million in 2017[86] - For the year ended December 31, 2018, the Group recorded an audited consolidated profit of approximately HK$1,047.9 million, representing an increase of approximately 35% compared to HK$773.8 million in 2017[89] Assets and Liabilities - Total assets for 2018 were HK$14,513,521,000, a slight decrease from HK$14,535,135,000 in 2017[5] - Total liabilities decreased significantly to HK$2,116,453,000 in 2018 from HK$2,696,260,000 in 2017, a reduction of 21.5%[5] - Total net assets increased to HK$12,397,068,000 in 2018, compared to HK$11,838,875,000 in 2017, indicating a growth of 4.7%[5] - The Group's share of results of joint ventures amounted to approximately HK$61.8 million, representing a 50% share of net asset value from investments in Japan and Australia[96] - Shareholders' funds increased from approximately HK$11,799.7 million in 2017 to approximately HK$12,332.8 million in 2018, a net increase of approximately HK$533.1 million[96] Dividends - The dividend per share for 2018 was HK$0.70, up from HK$0.60 in 2017, reflecting a growth of 16.7%[5] - The total cash dividend for the year 2018 amounted to HK$0.70 per share, including a final cash dividend of HK$0.48 per share and an interim cash dividend of HK$0.22 per share[24] - The dividend payout ratio from continuing operations was 26% in 2018, down from 30% in 2017[5] - The total dividend per share for 2018 was HK$0.70, an increase of 17% from HK$0.60 in 2017[86] Economic Environment - Hong Kong's economy expanded at a steady rate of around 3% until the third quarter of 2018, but market sentiment cooled significantly in the fourth quarter[19] - The unemployment rate in Hong Kong was 2.8% for the entire year, marking the lowest level in over 20 years[21] - Mainland China's GDP growth for 2018 was 6.6%, meeting market expectations despite challenges such as high debt levels and the Sino-US trade dispute[17] - The retail market in Hong Kong was sluggish throughout 2018, showing minimal growth compared to 2017, which weakened the rental market for retail properties[21] Property Development and Sales - In the Foshan property development project, 90%, 100%, and 100% of residential units in Phase 1, 2, and 3 have been sold, with total sale proceeds amounting to HK$5.2 billion as of December 31, 2018[27] - The Group expects to generate an additional HK$1.8 billion from the sale of remaining residential units, car parks, and shops in the future[27] - The comprehensive development project The Grand Riviera in Foshan was completed and handed over for occupation in September 2018[94] - Cash sale proceeds from The Grand Riviera, Foshan residential project amounted to approximately HK$1,177.2 million in 2018[97] Corporate Governance - The Company has substantially complied with the Corporate Governance Code throughout the year ended 31 December 2018[70] - The Audit Committee consists of four members, all of whom are Independent Non-executive Directors[79] - The Company has arranged directors and officers liability insurance for legal actions against its directors and senior management[71] - The Company has established a Corporate Governance Committee comprising three Executive Directors and two Independent Non-executive Directors[117] Environmental Initiatives - The Group has integrated environmental considerations into its operations, focusing on minimizing pollution, utilizing energy efficiently, and reducing waste[170] - Liu Chong Hing Investment Limited signed the Energy Saving Charter 2018, promoting energy efficiency and setting targets for indoor temperatures and energy-saving practices[170] - The design of The Grand Riviera includes ecological gardens and landscaped areas, with over 47% of its land space dedicated to greenery[170] - The operations of Chong Hing Bank Centre, Chong Hing Square, and Fairview Court are governed by ISO 14001:2015 environmental management standards[171] Employee Welfare and Management - The Group provides a comprehensive employee welfare package, including sick leave, casual leave, marriage leave, and statutory holidays[199] - The Group emphasizes health and safety, requiring property management staff to wear safety boots and ensuring well-stocked first-aid kits are available on all office floors[199] - Training allowances are provided for work-related training to enhance employee skills[199] - The Group strictly adheres to labor laws and regulations in its hiring practices, ensuring equal opportunities for all applicants[197]