Financial Performance - The net profit attributable to the company's owners for the year ended December 31, 2024, was HKD 104 million, an increase of HKD 63 million (+151%) compared to HKD 41 million in 2023[8]. - Total revenue for the group increased by 16% year-on-year, rising from approximately HKD 452 million to approximately HKD 526 million[13]. - Operating hotel revenue increased by 16% to HKD 481 million, up from HKD 414 million in 2023[14]. - The net profit from property investments rose by 4% to HKD 33.5 million, compared to HKD 32.3 million in 2023[12]. - Total revenue for the year increased by 31% to HKD 318.7 million compared to HKD 242.8 million in the previous year[18]. - The company reported a net loss of HKD 45,402,000 for 2024, compared to a loss of HKD 33,051,000 in 2023, indicating a deterioration in financial performance[138]. - The gross profit margin decreased to 12.7% in 2024 from 24.8% in 2023, reflecting increased costs[137]. - The total equity attributable to owners of the company decreased to HKD 4,130,326,000 in 2024 from HKD 4,212,749,000 in 2023, a decrease of 1.9%[140]. - The company incurred financial costs of HKD 45,003,000 in 2024, slightly up from HKD 43,780,000 in 2023[137]. - The basic loss per share increased to HKD 0.50 in 2024 from HKD 0.37 in 2023, reflecting worsening profitability[137]. Revenue Breakdown - Customer contracts revenue reached HKD 481,215,000, up 16.1% from HKD 414,420,000 in the previous year[137]. - Property rental income increased to HKD 44,511,000, a rise of 19.3% compared to HKD 37,346,000 in 2023[195]. - Revenue from food and beverage sales was HKD 14,873,000, significantly up from HKD 6,737,000, marking a growth of 121.5%[192]. - The revenue from the Chinese market surged to HKD 24,036,000, compared to HKD 5,394,000 in 2023, reflecting a growth of 345.5%[199]. Operational Metrics - The average room occupancy rate across the hotels was 98% for 2024[16]. - The hotel service costs for the year were HKD 318.7 million, an increase from HKD 242.8 million in 2023[17]. - The overall operating performance for hotel services showed a decline, with a profit of HKD 22,392,000, down 70% from HKD 74,691,000 in the previous year[199]. - The hotel division's market margin profit is approximately 30% to 40% of total revenue, indicating high operational costs[119]. Corporate Governance - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors, with two independent directors possessing appropriate professional qualifications[39]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules, ensuring high-quality board practices and transparency to shareholders[36]. - The company emphasizes regular updates to the board regarding group performance and conditions, ensuring directors are well-informed[46]. - The company has a mechanism in place for directors to seek independent professional advice when necessary, with costs covered by the company[41]. - The company maintains a commitment to good corporate governance practices, focusing on accountability and internal controls[35]. Risk Management - The board is responsible for maintaining an effective risk management and internal control system, ensuring the protection of the group's assets and the interests of shareholders, customers, and employees[52]. - The group has established a risk management committee and an internal audit team to oversee risk management and internal control systems, with regular reviews conducted[53]. - The board evaluates the effectiveness of existing controls and provides remediation plans when necessary, ensuring proactive risk management[55]. Shareholder Communication - The company has established various communication channels to maintain effective dialogue with shareholders[81]. - The company will review the effectiveness of its shareholder communication policy annually[81]. - Shareholders can request the convening of a general meeting if they hold at least 5% of the voting rights[78]. Challenges and Future Outlook - Future challenges include the weak Chinese economy and high HKD to RMB exchange rates, impacting the recovery of Chinese tourist numbers[26]. - The company is committed to continuously reviewing competition, legal, political changes, and market trends to enhance profitability[119]. Compliance and Legal Matters - The company has ensured compliance with all applicable laws and regulations, obtaining necessary licenses for its hotel operations in Hong Kong and China[115]. - The company has a compliance policy in place to ensure adherence to legal and regulatory requirements[49]. Employee and Management Information - Employee count rose to 568 from 536, with compensation and benefits aligned with market standards[23]. - The remuneration for senior management includes three individuals earning between HKD 1-5 million and one individual earning between HKD 5-8 million[49]. - The company values its relationships with employees, customers, and suppliers, focusing on a fair work environment and customer satisfaction[116]. Investment and Assets - The company acquired the Wood Street Police Headquarters in London for GBP 40 million, set to be transformed into a luxury hotel[25]. - As of December 31, 2024, the group holds investment properties valued at approximately HKD 1,031,000,000, with a net impairment of HKD 11,000,000 recognized in the income statement for the year[126]. - The carrying amount of the group's investment properties as of December 31, 2024, is HKD 1,030,990,000, compared to HKD 1,061,460,000 in 2023[191].

Financial Performance - The net profit attributable to the company's owners, excluding revaluation, depreciation, and impairment, was HKD 104 million for the year ended December 31, 2024, an increase of HKD 63 million (+151%) compared to HKD 41 million in 2023[3]. - Total revenue for the year was HKD 525.726 million, up from HKD 451.811 million in 2023, representing an increase of approximately 16.3%[6]. - The company reported a gross profit of HKD 66.903 million, down from HKD 112.082 million in the previous year, indicating a decrease of about 40.4%[6]. - The total comprehensive loss for the year was HKD 83.050 million, compared to a total comprehensive loss of HKD 12.752 million in 2023[8]. - The group reported a loss before tax of HKD 35.592 million in 2024, compared to a profit of HKD 28.954 million in 2023[21]. - The company's cash and cash equivalents decreased to HKD 203.139 million from HKD 309.245 million in 2023, a reduction of approximately 34.3%[10]. - The company reported a loss per share of HKD 0.50 for the year, compared to a loss per share of HKD 0.37 in 2023[6]. - The group's basic loss per share for 2024 was HKD 44.775 million, compared to HKD 32.911 million in 2023[23]. Revenue Sources - Hotel operating revenue increased to HKD 481.215 million in 2024, up 16.1% from HKD 414.420 million in 2023[18]. - Property rental income rose to HKD 44.511 million, a 19.2% increase from HKD 37.346 million in the previous year[18]. - The group's total assets in Hong Kong generated revenue of HKD 460.179 million, a 11.6% increase from HKD 411.853 million in 2023[20]. - Total revenue for the year increased by 16% to approximately HKD 525.7 million from approximately HKD 451.8 million in 2023, driven by a 16% increase in hotel operating revenue[34]. - Hotel operating revenue reached HKD 481.2 million, up from HKD 414.4 million in 2023, reflecting improved room rates and operational costs at the Glamour Bay Hotel[35]. Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with no dividend declared in 2023[4]. - The group did not declare any dividends for the years 2024 and 2023 due to challenging economic conditions and high operational costs[22][28]. Assets and Liabilities - Non-current assets decreased to HKD 4.778 billion from HKD 4.949 billion in 2023, a decline of approximately 3.5%[10]. - Current liabilities increased to HKD 761.854 million from HKD 729.704 million in 2023, reflecting an increase of about 4.4%[10]. - The company's total debt decreased to HKD 700 million from HKD 875 million in 2023, a reduction of HKD 175 million[42]. - The asset-to-liability ratio improved to 17% from 21% in 2023, calculated based on total debt relative to the revalued hotel properties[44]. - Trade receivables decreased to HKD 11.137 million in 2024 from HKD 18.460 million in 2023[24]. - Trade payables increased to HKD 47.416 million in 2024, up from HKD 41.111 million in 2023[26]. Operational Costs - The overall hotel service costs increased by 31% to HKD 318.7 million, primarily due to the return to normal operations of quarantine hotels and increased staffing and operational costs[38]. - Administrative expenses (excluding depreciation) decreased to HKD 48 million from HKD 69 million in 2023, reflecting cost control measures[40]. - The group incurred financial costs of HKD 45.003 million in 2024, compared to HKD 43.780 million in 2023[21]. - The financial cost increased to HKD 45 million from HKD 43.7 million in 2023, attributed to rising interest rates on loans[45]. Market and Economic Conditions - The future outlook remains challenging due to a weak Chinese economy and high HKD to RMB exchange rates, impacting the recovery of Chinese visitor numbers[49]. - The management is focused on increasing revenue and controlling costs in the hotel business and rental income[50]. Staffing and Operations - The company employed 568 staff as of December 31, 2024, an increase from 536 in 2023, with compensation and benefits aligned with market standards[45]. - For the year ending December 31, 2024, the number of overnight visitors to Hong Kong was approximately 21.9 million, with 68% being from China and 32% from non-China visitors, compared to 23.8 million in 2019[46]. - The average hotel occupancy rate for the group remained above 90%, with hotel revenue increasing by 16% to HKD 481 million and total revenue also rising by 16% to HKD 526 million[46]. Investments and Acquisitions - The group acquired the Wood Street Police Headquarters in London for GBP 40 million, which will be renovated into a luxury hotel with approximately 216 rooms[47]. - The management successfully increased the annual rent for the Royal Scot Hotel in London by 34% from GBP 3.546 million to GBP 4.737 million, effective in the second half of 2024[46]. - The Royal Scot Hotel in London generated rental income of GBP 4.172 million, an increase of 34% from GBP 3.546 million in 2023[36].

MAGNIFICENT HOTEL INVESTMENTS LIMITED 華大酒店投資有限公司 （股份代號：201） 二零二四年中期報告 公司資料 | --- | --- | |-----------------------------------|---------------------------------------| | | | | 執行董事 | 律師 | | 鄭啓文先生 （主席） | 衛達仕律師事務所 | | 許永浩先生 | 香港 | | 劉金眉女士 | 金鐘道九十五號 | | 伍月瑩女士 | 統一中心 | | 鄭慧君女士 | 三十樓 | | （於二零二四年五月二十四日退任） | | | | 主要往來銀行 香港上海滙豐銀行有限公司 | | 非執行董事 呂馮美儀女士 | 中國銀行（香港）有限公司 | | 獨立非執行董事 | 註冊辦事處 | | 陳儉輝先生 | 香港中環 | | 林桂璋先生 | 雪廠街二十四至三十號 | | 廖毓初先生 | 順豪商業大廈三樓 | | | 股份過戶登記處 | | 公司秘書 顧菁芬女士 | 卓佳登捷時有限公司 | | 核數師 | 香港 夏愨道十六號 | | 德勤 • 關 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 1 華大酒店投資有限公司 (於香港註冊成立之有限公司) (股份代號：201) 二零二四年中期業績 業績 華大酒店投資有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣布截至二零 二四年六月三十日止六個月之本公司擁有人應佔除稅後而未計及重估及土地、物業及設備之 折舊前之淨溢利為 42,000,000 港元（截至二零二三年六月三十日止六個月：18,000,000 港 元），增加 24,000,000 港元。本公司及其附屬公司（統稱「本集團」）在本期之未經審核綜 合業績連同去年同期之比較數字如下： 簡明綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |---------------------------------------------------------------------|-------|------------------------- ...

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 451,811,000, an increase from HKD 439,482,000 in 2022, representing a growth of approximately 3%[12] - Gross profit for the year was HKD 112,082,000, down from HKD 172,868,000 in the previous year, indicating a decline of about 35%[12] - The company reported a loss of HKD 33,051,000 for the year, compared to a profit of HKD 592,163,000 in 2022, marking a significant decrease in profitability[12] - The basic loss per share for the year was HKD (0.37), compared to earnings per share of HKD 6.63 in the previous year[12] - Total revenue increased by 3% from approximately HKD 439 million to approximately HKD 452 million[28] - Operating hotel net profit decreased by 45% to HKD 74.7 million from HKD 136.5 million[30] - Net profit attributable to owners decreased by HKD 138 million to HKD 41 million from HKD 179 million[30] - Revenue from hotel operations increased by 3% to HKD 414.4 million, driven by higher room rates and occupancy[32] - Investment property income rose by 3% to HKD 37.3 million, attributed to currency appreciation of GBP rental income[32] - The pre-tax profit for 2023 was HKD 28,954,000, a significant decrease of 95.3% compared to HKD 616,309,000 in 2022[146] - The income tax expense for the year was HKD 62,005,000, which is an increase from HKD 24,146,000 in the previous year[146] Expenses and Costs - Administrative expenses increased to HKD 70,945,000 from HKD 37,977,000, reflecting an increase of approximately 87%[12] - Financial costs rose to HKD 43,780,000, up from HKD 23,098,000, which is an increase of about 90%[12] - Hotel service costs for the year amounted to HKD 242.8 million, up from HKD 167 million in 2022, primarily due to an increase in employee numbers from 334 to 536[37] - Administrative expenses (excluding depreciation) rose to HKD 69 million, up from HKD 36 million in 2022, due to opening costs and renovations[37] Corporate Governance - The company is committed to maintaining its accounting policies and internal controls to ensure the integrity of its financial reporting[15] - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors, ensuring compliance with the listing rules[48] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules, ensuring adherence to governance standards[47] - The company aims to enhance shareholder value through effective strategic planning and execution under the leadership of the chairman and CEO[48] - The company has confirmed compliance with the standard code for securities trading by directors throughout the year[47] - The board's responsibilities include setting strategic direction, establishing goals, and overseeing senior management performance[50] - The company maintains a high standard of corporate governance with a focus on a quality board, robust internal controls, and transparency to shareholders[52] Risk Management - The board is responsible for evaluating and determining the nature and extent of risks, maintaining effective risk management and internal control systems[67] - The audit committee completed a review of the effectiveness and adequacy of the group's risk management and internal control systems for the year ending December 31, 2022[74] - The risk management committee was established in 2019, focusing on business, financial, and property asset management risks, with daily, weekly, and monthly reviews conducted by its members[74] - The internal audit team, formed in 2019, conducts independent assessments of the internal audit and control systems, reporting to the audit committee[74] Dividend Policy - The company did not recommend a final dividend for the year due to various operational challenges[30] - The company has adopted a dividend policy aimed at providing stable and sustainable returns to shareholders[93] - The dividend distribution will consider factors such as the group's operating conditions, financial status, and future capital needs[94] - The board retains the right to review and amend the dividend policy at any time, without guaranteeing any specific amount of dividends in any given period[94] Acquisitions and Investments - The group acquired the Grand Bay Hotel in December 2022, which has 435 rooms and a total area of 216,314 square feet, and it began operations on August 1, 2023[42] - The total cash consideration for the acquisition of Haili Investment Limited was HKD 1,430,864,000[166] - The group acquired a subsidiary, contributing HKD 1,420,695,000 to the total assets during the year[147] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) committee was established to manage and report on the group's ESG performance and risks, with regular updates provided to the board[75] - The group has implemented various environmental measures to minimize carbon emissions and enhance energy and water efficiency, with regular reviews of these measures[114] Operational Insights - The group operates eight hotels, with six located in Hong Kong, one in London, and one in China, facing significant operational expenses and market margins of only 35% to 40% of total revenue[119] - Average room occupancy rates for hotels ranged from 72% to 95% across different properties[34] - The Royal Scot Hotel in London maintained a valuation of GBP 88.5 million, with rental income remaining stable at GBP 3.546 million[34] - The group expects continued challenges in the hotel business and rental income, but anticipates a rise in overnight visitors to Hong Kong due to the 2024 budget promoting tourism[42]

Financial Performance - The net profit attributable to the company's owners for the year ended December 31, 2023, was HKD 41 million, a decrease of HKD 138 million compared to HKD 179 million in 2022[4]. - The company reported a loss of HKD 33,051 thousand for the year, compared to a profit of HKD 592,163 thousand in the previous year[5]. - Basic loss per share was HKD (0.37) in 2023, down from earnings of HKD 6.63 per share in 2022[5]. - The group reported a pre-tax profit of HKD 28,954,000, a significant decrease from HKD 616,309,000 in the previous year[19]. - The group did not declare or propose any dividends for the years 2023 and 2022[25]. - The group did not recommend the payment of a final dividend for the year ended December 31, 2023, due to a significant decline in operating profits and increased costs[38]. Revenue and Growth - Total revenue for the year was HKD 414,420 thousand, an increase of 2.8% from HKD 403,159 thousand in 2022[4]. - Total revenue for the year 2023 was HKD 451,811,000, an increase of 2.9% from HKD 439,482,000 in 2022[15]. - Hotel operating revenue reached HKD 414,420,000, up from HKD 403,159,000 in the previous year, reflecting a growth of 2.9%[15]. - Total revenue for the group increased by 3% year-on-year, from approximately HKD 439 million in 2022 to approximately HKD 452 million in 2023[44]. - Operating hotel revenue rose by 3% to HKD 414 million in 2023, compared to HKD 403 million in 2022, driven by increased room rates and occupancy[45]. Costs and Expenses - The gross profit margin decreased to 27.0% in 2023 from 42.9% in 2022, reflecting higher costs[4]. - Administrative expenses increased to HKD 70,945 thousand from HKD 37,977 thousand in 2022, indicating rising operational costs[4]. - The group's hotel service costs for the year were HKD 242.8 million, up from HKD 167 million in 2022, primarily due to an increase in employee numbers from 334 to 536[47]. - Administrative expenses (excluding depreciation) increased to HKD 69 million in 2023 from HKD 36 million in 2022, mainly due to opening costs and maintenance expenses for new hotels[52]. - The group's total financial costs rose to HKD 43,780,000 in 2023 from HKD 23,098,000 in 2022, reflecting an increase of 89%[23]. - The company's financial costs rose by 90% to HKD 43.8 million in 2023, compared to HKD 23.1 million in 2022[41]. - The group reported a significant increase in tax expenses, which rose by 157% to HKD 62 million in 2023 from HKD 24 million in 2022[41]. Assets and Liabilities - The company's total assets as of December 31, 2023, were HKD 4,556,668 thousand, slightly up from HKD 4,536,518 thousand in 2022[11]. - The net current liabilities improved to HKD (392,799) thousand from HKD (435,267) thousand in the previous year[11]. - Total debt as of December 31, 2023, was HKD 875 million, an increase of HKD 18 million from HKD 857 million in 2022[56]. - The debt-to-asset ratio was 21% as of December 31, 2023, compared to 20% in 2022[54]. - Interest expenses for the year amounted to HKD 43.7 million, up from HKD 23.1 million in 2022, attributed to rising interest rates[56]. Operational Insights - The group’s operating segments include hotel services, property investment, and securities investment, with a focus on resource allocation and performance evaluation[16]. - The average occupancy rates for the hotels ranged from 72% to 95% across different properties in 2023[49]. - The group employed 536 staff members as of December 31, 2023, an increase from 334 in 2022[57]. - The number of overnight visitors to Hong Kong was approximately 17 million in 2023, with 12 million from mainland China[58]. - The group's net profit was impacted by renovation costs and increased operational expenses due to labor shortages[58]. Future Outlook - The company plans to continue focusing on operational efficiency and cost management to improve profitability in the upcoming year[12]. - Future prospects for hotel operations and rental income remain challenging, with management focused on increasing revenue and controlling costs[62]. - The Royal Scot Hotel in London is expected to see rental increases linked to the UK retail price index, which has been at a 40-year high[59]. - The group acquired the Glamorous Bay Hotel, which has 435 rooms and began operations on August 1, 2023[58].

Financial Performance - For the six months ended June 30, 2023, hotel service revenue was HKD 159,513,000, a decrease of 37.9% compared to HKD 256,622,000 for the same period in 2022[13]. - The group reported a loss before tax of HKD 18,347,000 for the six months ended June 30, 2023, compared to a profit of HKD 128,551,000 for the same period in 2022[13]. - The company's net profit attributable to owners for the six months ended June 30, 2023, was HKD 18 million, a decrease of HKD 127 million compared to HKD 145 million for the same period in 2022[49]. - Total revenue for the period decreased by 35%, from HKD 279 million to HKD 182 million[52]. - Hotel operating revenue decreased by 38% to HKD 160 million, down from HKD 257 million for the same period in 2022[54]. - The group’s total classified income for the six months ended June 30, 2023, was HKD 177,953,000, down from HKD 275,401,000 in the previous year[13]. - The group’s net profit attributable to shareholders, excluding depreciation, was HKD 17.9 million, an 88% decrease from HKD 144.6 million in the previous year[63]. - The company reported a loss of 17,861,000 HKD for the six months ended June 30, 2023, compared to a profit of 106,005,000 HKD in the same period last year[125]. - Total comprehensive income attributable to the company’s owners for the period was 44,650,000 HKD, compared to a loss of 32,317,000 HKD in the previous year[128]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 5,287,735,000, compared to HKD 5,265,508,000 as of December 31, 2022[16]. - Total liabilities as of June 30, 2023, were HKD 1,010,262,000, a slight decrease from HKD 1,032,744,000 as of December 31, 2022[18]. - The group’s total classified assets in hotel services were HKD 3,731,880,000 as of June 30, 2023, compared to HKD 3,760,420,000 as of December 31, 2022[16]. - The group’s total assets were revalued at HKD 9.877 billion as of June 30, 2023, up from HKD 9.6 billion at the end of 2022[98]. - The carrying value of the group's investment properties and hotel properties as of June 30, 2023, is approximately HKD 977,000,000 and HKD 1,570,000,000, respectively[191]. - The carrying value of bank loans due within one year decreased to HKD 10,000,000 from HKD 22,000,000 as of December 31, 2022[186]. Revenue and Income Sources - The group’s property rental income for the six months ended June 30, 2023, was HKD 18,395,000, slightly down from HKD 18,737,000 in the previous year[6]. - The group’s securities investment income remained stable at HKD 18,395,000 for the six months ended June 30, 2023, compared to HKD 18,737,000 in the same period of 2022[13]. - The rental income for the Royal Scot Hotel in London for the period was GBP 1.768 million, consistent with the previous year[95]. - Future rental income from the Royal Scot Hotel in London is promising, with annual rent increases linked to the UK Retail Price Index, which reached a 40-year high of 10.7% in June 2023[77]. Expenses and Costs - The cost of hotel services for the period was HKD 94 million, an increase from HKD 76.3 million in the previous year[55]. - The group incurred administrative expenses of HKD 51.1 million, an increase of 183% compared to HKD 18.1 million for the same period in 2022[63]. - Total interest expenses increased to HKD 19.4 million, up from HKD 4.3 million in the same period last year, primarily due to the acquisition of the Grand Bay Hotel[74]. - The company incurred interest expenses of HKD 19.446 million for the six months ended June 30, 2023, compared to HKD 4.349 million in the same period of 2022[1]. Employee and Operational Insights - The group has a total of 455 employees as of June 30, 2023, up from 334 employees as of December 31, 2022[75]. - The group continues to face challenges in hotel operations and rental income, with management focused on increasing revenue and controlling costs[80]. - The group’s operating costs have significantly increased due to local labor shortages and a rise in hotel staff numbers[102]. Shareholder and Equity Information - Major shareholder Shobokshi Hussam Ali H. holds 71.09% of the shares due to the interests of his spouse, Zheng Qiwen[138]. - Alef United Holdings Limited holds 2,396,000 shares (0.03%) and Saray Value Fund SPC holds 882,698,524 shares (9.87%) as of April 6, 2022[115]. - Fidelity Management & Research (Japan) Limited holds 220,316,000 shares (2.46%), while Fidelity Management & Research (Hong Kong) Limited holds 90,048,000 shares (1.01%)[116]. Cash Flow and Financial Resources - Operating cash flow before changes in working capital was 33,760,000 HKD, down from 171,683,000 HKD in the previous year[135]. - The group has sufficient financial resources, including internal resources and unused bank financing, to meet its operational funding needs[180]. - The company has prepared cash flow forecasts and contract calculations for the ongoing period until September 30, 2024, simulating a basic case scenario[164].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 華大酒店投資有限公司 (於香港註冊成立之有限公司) (股份代號：201) 二零二三年中期業績 業績 華大酒店投資有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣布截至二零 二三年六月三十日止六個月之本公司擁有人應佔除稅後而未計及土地、物業及設備之折舊前 之淨溢利為 18,000,000 港元（截至二零二二年六月三十日止六個月：145,000,000 港元），減 少 127,000,000 港元。本公司及其附屬公司（統稱「本集團」）在本期之未經審核綜合業績連 同去年同期之比較數字如下： 簡明綜合損益表 截至二零二三年六月三十日止六個月 截至二零二三年 截至二零二二年 六月三十日止 六月三十日止 附註 六個月 六個月 千港元 千港元 (未經審核) (未經審核) 收入 3 客戶合約 159,513 256,622 租賃 18,395 18,737 ...

Financial Performance - Total revenue for the year 2022 was HKD 439,482,000, an increase of 34.5% compared to HKD 326,398,000 in 2021[146]. - Gross profit for 2022 reached HKD 172,868,000, significantly up from HKD 49,104,000 in 2021, marking a gross margin improvement[146]. - Profit before tax surged to HKD 616,309,000, compared to HKD 73,868,000 in the previous year, reflecting a substantial increase of 736.5%[146]. - Net profit for the year was HKD 592,163,000, a remarkable rise from HKD 65,599,000 in 2021, indicating a growth of 803.5%[146]. - Basic earnings per share for 2022 was HKD 6.63, compared to HKD 0.73 in 2021, representing an increase of 807.5%[146]. - The company reported a gain from the sale of a subsidiary amounting to HKD 521,857,000, which was not present in the previous year[146]. - The fair value of investment properties experienced a net impairment loss of HKD 5,000,000 in 2022, contrasting with a gain of HKD 62,300,000 in 2021[146]. - Administrative expenses increased to HKD 37,977,000 from HKD 33,920,000, reflecting a rise of 6.0%[146]. - Financial costs rose significantly to HKD 23,098,000 from HKD 6,508,000, indicating an increase of 254.5%[146]. - The company's profit attributable to owners for the year ended December 31, 2022, was HKD 593 million, an increase of HKD 527 million compared to HKD 66 million in 2021[172][184]. Assets and Liabilities - The company's total equity as of December 31, 2022, was HKD 4,232,764,000, an increase from HKD 3,738,976,000 on January 1, 2021[66]. - Total non-current assets increased to HKD 4,971,785,000 in 2022 from HKD 4,175,608,000 in 2021, representing a growth of 19%[84]. - The company's total assets minus current liabilities reached HKD 4,536,518,000 in 2022, up from HKD 3,878,597,000 in 2021, an increase of 17%[96]. - Non-current liabilities included bank loans of HKD 219,715,000, which were not present in the previous year[63]. - Net current liabilities increased to HKD 435,267,000 in 2022 from HKD 297,011,000 in 2021, indicating a rise of 47%[96]. - The company’s bank loans decreased significantly to HKD 22,000,000 in 2022 from HKD 310,299,000 in 2021, a reduction of 93%[84]. - The company had unused bank financing totaling HKD 912,000,000 as of December 31, 2022, slightly up from HKD 910,500,000 in 2021[164]. - The overall debt amount is HKD 857 million, with interest payments of approximately HKD 25 million due in the coming year[171]. - As of December 31, 2022, the group's total debt was HKD 857 million, an increase from HKD 504 million in 2021, primarily due to the acquisition of the Ting Lan Hotel for HKD 1.42 billion[193]. Risk Management and Internal Controls - The audit committee reviewed the effectiveness and adequacy of the group's risk management and internal control systems during the year[6]. - The group established a risk management committee in 2019, focusing on business, financial, and property asset management risks[4]. - The board evaluates the effectiveness of existing controls and provides remediation plans when necessary[4]. - The internal audit team conducts independent reviews of the adequacy and effectiveness of the group's internal audit and control systems[4]. Shareholder and Dividend Policies - The company considers actual and future operational and liquidity conditions when deciding on dividend distributions[16]. - The company did not recommend the distribution of a final dividend for the year ended December 31, 2022, consistent with the previous year[35]. - The group has a dividend policy that allows for the declaration of dividends based on profits, with the option to distribute dividends in shares or other specified assets[139]. Hotel Operations and Market Conditions - The group operates eight hotels, with seven in Hong Kong and one in London, facing significant operational expenses and market volatility affecting profit margins[29]. - The market marginal profit for the hotel business is typically between 35% to 40% of total revenue, indicating potential for significant net profit reduction due to revenue reversals[29]. - The average occupancy rates for the hotels in 2022 ranged from 71% to 97%, with the highest being 97% at the Best Western Hotel Tsim Sha Tsui[175]. - Future hotel operations are expected to improve as the impact of COVID-19 lessens, but challenges remain due to economic and geopolitical instability[197]. - The future outlook for hotel and rental income remains challenging, with ongoing efforts to increase revenue and manage costs[198]. Acquisitions and Investments - The group acquired the Ting Lan Hotel at approximately HKD 6,570 per square foot, which includes 435 rooms and a total area of 216,314 square feet, excluding parking spaces[196]. - The group acquired the Wood Street Police Headquarters in London for GBP 40 million, covering 20,000 square feet with a total internal area of 117,472 square feet[199]. Environmental and Social Responsibility - The group aims to minimize its environmental impact through various measures to reduce carbon emissions and improve energy and water efficiency, with regular reviews of these measures[143]. - The company maintains a gender diversity policy, with women representing approximately 44% of both the board and total staff[13].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確 表示，概不對就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 華大酒店投資有限公司 （於香港註冊成立之有限公司） （股份代號：201） 截至二零二二年十二月三十一日止年度之 末期業績公布 業績 華大酒店投資有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣布截至二零二二年十二月三 十一日止年度之本公司擁有人應佔溢利為593,000,000港元（二零二一年：66,000,000港元），增加527,000,000港 元。本公司及其附屬公司（統稱「本集團」）在本年度之經審核綜合業績連同去年度同期之比較數字如下： 綜合損益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 3 客戶合約 403,159 284,082 租賃 36,281 42,316 股息收入 42 - 總收入 439,482 326,398 銷售成本 (25,701) (36,482) 其他服務成本 (166,960) (165,407) 物業、機器及設備 ...