ASIA ORIENT HOLDINGS LIMITED 滙 漢 控 股 有 限 公 司 * Asia Orient Holdings Limited (the "Company") – Notice of Publication of 2025 Annual Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.asiaorient.com.hk and the HKEXnews website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk, or the arranged printed form(s) of the Current Corporate Communication is ...

滙漢控股有限公司 2025 年報 股份代號 : 214 www.asiaorient.com.hk 2 0 2 5 年 報 滙漢控股有限公司 目錄 2 公司資料 3 財務摘要 4 主席報告書 5 業務模式及策略 6 管理層討論及分析 12 主要物業 15 五年財務摘要 16 環境、社會及管治報告 29 企業管治報告 40 董事及高級管理層 44 董事會報告書 65 獨立核數師報告 75 綜合損益賬 76 綜合全面收益表 77 綜合資產負債表 79 綜合現金流量表 80 綜合權益變動報表 81 財務報表附註 公司資料 董事 執行董事 馮兆滔先生 （主席） 潘政先生 （董事總經理 兼行政總裁） 潘海先生 潘洋先生 倫培根先生 關堡林先生 非執行董事 潘澄女士 （於二零二四年十二月 三十一日獲委任） 獨立非執行董事 黃之強先生 張國華先生 梁偉強先生， 太平紳士 馬豪輝先生， 金紫荊星章，太平紳士 （於二零二五年七月二日獲委任） 審核委員會 黃之強先生 （主席） 張國華先生 梁偉強先生， 太平紳士 薪酬委員會 黃之強先生 （主席） 馮兆滔先生 梁偉強先生， 太平紳士 提名委員會 馮兆滔先生 （主席） 黃之強先生 梁 ...

格隆汇7月30日丨汇汉控股(00214.HK)发布公告，财务董事伦培根将于2025年8月25日("该生效日")荣休 并退任公司执行董事职务。伦先生自该生效日起，亦将不再担任授权代表。 朱伟明于2025年6月16日加入集团出任首席财务官，并将接替伦培根负责会计及财务职能的领导工作。 此外，公司的公司秘书董国磊将获委任为授权代表，自该生效日起生效。 ...

汇汉控股(00214)发布公告，(1)财务董事伦培根先生将荣休并退任公司执行董事及授权代表;(2)朱伟明先 生已加入集团为首席财务官;及(3)公司秘书董国磊先生将获委任为公司授权代表。 ...

智通财经APP讯，汇汉控股(00214)发布公告，(1)财务董事伦培根先生将荣休并退任公司执行董事及授 权代表;(2)朱伟明先生已加入集团为首席财务官;及(3)公司秘书董国磊先生将获委任为公司授权代表。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 ASIA ORIENT HOLDINGS LIMITED 滙 漢 控 股 有 限 公 司 * 董事會宣佈： 滙漢控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」 或「董事」）宣布，財務董事倫培根先生（「倫先生」），現年 62 歲，於本集團服務 逾 30 年，將於二零二五年八月二十五日（「該生效日」）榮休並退任本公司執行董事 職務。倫先生自該生效日起，亦將不再擔任本公司根據香港聯合交易所有限公司（「聯 交所」）證券上市規則第 3.05 條規定的授權代表（「授權代表」）。 財務董事榮休退任 倫先生確認，彼與董事會並無任何意見分歧，以及就其退休一事並無任何事項須提請聯 交所及/或本公司股東垂注。 董事會謹此對倫先生於其漫長任期為本集團所作出之竭誠服務及寶貴貢獻表示衷心謝 意，並祝願倫先生未來的退休生活一切順利。 (1) 財務董事倫培根先生將榮休並退任本公司執行董事及授權代表； (2) ...

截至二零二五年三月三十一日止年度 業績公佈 | 財務摘要 | | | | | | --- | --- | --- | --- | --- | | （除另有註明外，金額以百萬港元列示 | | | | | | | 二零二五年 | 二零二四年 | | 變動 | | 物業合約銷售 | | | | | | －附屬公司 | 3,214 | 1,451 | | | | －合營企業（集團分佔） | 304 | 387 | | | | | 3,518 | 1,838 | | +91% | | 收入 | 2,509 | 1,903 | | +32% | | 本公司股東應佔虧損 | (2,235)) | (3,769 | ) | -41% | | 每股虧損－基本（港元） | (2.66)) | (4.48 | ) | -41% | | 資產總值 | 34,638 | 38,212 | | -9% | | 資產淨值 | 14,885 | 18,118 | | -18% | | 本公司股東應佔權益 | 7,765 | 9,507 | | -18% | | 債務淨額 | 14,229 | 16,363 | | -13% | | 酒店物業 ...

4月15日，截至港股收盘，恒生指数上涨0.23%，报21466.27点。汇汉控股（00214.HK）收报0.365港元/ 股，上涨7.35%，成交量7361股，成交额2475港元，振幅11.76%。 最近一个月来，汇汉控股累计跌幅5.56%，今年来累计跌幅13.92%，跑输恒生指数6.77%的涨幅。 财务数据显示，截至2024年9月30日，汇汉控股实现营业总收入14.72亿元，同比增长63.12%；归母净利 润-2.16亿元，同比增长61.3%；毛利率56.82%，资产负债率52.7%。 资料显示，汇汉控股有限公司(股份代号:214)和其附属公司主要经营物业管理、发展及投资、酒店投资 及营运、旅游代理,以及金融投资业务,并持有泛海国际集团有限公司(股份代号:129)和泛海酒店集团有限 公司(股份代号:292)两间于香港联合交易所有限公司上市的附属公司。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，其他金融行业市盈率（TTM）平均值为20.53倍，行业中值-0.09倍。汇汉控 ...

Financial Position - As of September 30, 2024, the group's total assets amounted to approximately HKD 37.3 billion, a decrease from HKD 38.2 billion as of March 31, 2024[1]. - The group's net asset value was HKD 17.7 billion as of September 30, 2024, down from HKD 18.1 billion as of March 31, 2024[1]. - The group's revalued total assets were HKD 45.2 billion, compared to HKD 46.0 billion as of March 31, 2024[1]. - The net debt amounted to HKD 15.6 billion, a reduction from HKD 16.4 billion as of March 31, 2024, resulting in a debt ratio of approximately 60%[1]. - The total equity attributable to the company is approximately HKD 9,154,792,000, a decrease from HKD 9,422,629,000 as of March 31, 2024[39]. - The company's total equity is HKD 17,651,948,000 as of September 30, 2024, down from HKD 18,117,849,000 as of March 31, 2024[96]. - The total non-current assets amount to HKD 10,685,953,000 as of September 30, 2024, compared to HKD 10,816,416,000 as of March 31, 2024[93]. - Current assets total HKD 11,175,267,000 as of September 30, 2024, down from HKD 11,670,557,000 as of March 31, 2024[93]. - Total liabilities amount to HKD 19,174,361,000 as of September 30, 2024, compared to HKD 20,094,330,000 as of March 31, 2024[93]. Receivables and Payables - The group's trade and other receivables included trade receivables of approximately HKD 73.8 million, down from HKD 77.3 million as of March 31, 2024[6]. - The aging analysis of trade receivables showed that as of September 30, 2024, receivables aged 0 to 6 months were HKD 72.9 million, compared to HKD 72.1 million as of March 31, 2024[7]. - Trade payables amounted to approximately HKD 42,199,000 as of September 30, 2024, significantly reduced from HKD 163,026,000 on March 31, 2024[29]. - The aging analysis of trade payables showed that amounts due within 6 months were HKD 41,748,000, with a total of HKD 42,199,000 as of September 30, 2024[35]. Financial Investments - The group's financial investments totaled HKD 3.54 billion as of September 30, 2024, down from HKD 4.00 billion as of March 31, 2024[10]. - The group held 15 listed equity securities and 1 unlisted equity security as of September 30, 2024[15]. - The market value of HSBC Holdings Limited shares held by the group was HKD 214.7 million, with unrealized gains of HKD 28.3 million[15]. - The group held 50 debt securities as of September 30, 2024, with a total principal amount of HKD 15,160,144, down from HKD 15,595,062 on March 31, 2024[18]. - The fair value of the debt securities decreased to HKD 3,176,485 as of September 30, 2024, from HKD 3,541,452 on March 31, 2024, resulting in an unrealized loss of HKD 266,000,000 for the six months ended September 30, 2024[19]. - The top five debt securities accounted for approximately 3.4% of the group's revalued total assets as of September 30, 2024, down from 4.0% on March 31, 2024[20]. Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 738,798,000, a significant improvement from a net cash used of HKD (463,345,000) in the same period of 2023[98]. - The total cash and cash equivalents at the end of the period were HKD 844,791,000, down from HKD 1,121,471,000 in the previous year[98]. - The company’s financing activities resulted in a net cash outflow of HKD (687,665,000), contrasting with a net cash inflow of HKD 729,517,000 in the previous year[98]. - The company has provided guarantees amounting to HKD 2.646 billion for bank loans related to joint ventures and associates[174]. Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HKD 1,632 million, representing a 63% increase compared to HKD 1,000 million in 2023[131]. - Loss attributable to shareholders for the same period was HKD 239 million, a 61% improvement from a loss of HKD 619 million in 2023[131]. - The company reported a net investment loss of HKD 391,000,000 for the year, a decrease from HKD 1,782,000,000 in the previous year, primarily due to fair value losses and expected credit loss provisions[112]. - The gross profit for the period was HKD 927.3 million, slightly up from HKD 925.0 million in the previous year[175]. - The operating loss for the period was HKD 19.2 million, a substantial improvement from an operating loss of HKD 923.1 million in the same period last year[175]. - The company reported a net loss of HK$412.9 million for the six months ended September 30, 2024, compared to a net loss of HK$1,131.7 million in the prior year[175]. Stock Options and Shareholding - As of September 30, 2024, directors hold unexercised stock options totaling 7,000,000 shares under the 2014 stock option plan[72]. - The total number of stock options available for grant under the 2024 stock option plan is 84,087,399 shares as of September 30, 2024[73]. - The total number of unexercised stock options under the 2014 Pan Hai International stock option plan is also 7,000,000 as of September 30, 2024[74]. - Major shareholders owning 5% or more of the issued share capital include Teddington Holdings Limited (7.20%), Daswani Rajkumar Murlidhar (6.41%), and Heston Holdings Limited (5.99%)[69]. Market and Economic Outlook - The company anticipates a rebound in the local residential property market due to the Hong Kong government's recent policy adjustments and lower interest rates[116]. - The company is actively promoting Hong Kong through various large-scale events and international conferences to enhance its attractiveness to tourists[174]. - The company anticipates a recovery in its hotel business as visitor numbers to Hong Kong increase, aiming to return to pre-pandemic levels[174]. - The average hotel occupancy rate improved to 88%, up from 84% in the previous year, despite a decrease in room rates due to changing consumption patterns of mainland visitors[153]. Other Notable Events - The company completed a group restructuring involving the exchange of shares in Pan-Hai Hotel Group, resulting in the issuance of approximately 100,900,000 new shares and cash payments of about HKD 23,500,000[44]. - The group plans to streamline operations through the privatization of its hotel subsidiary, which took effect in October 2024, aiming to reduce administrative costs[160]. - The group is actively negotiating with local planning authorities for two joint residential development projects in downtown Vancouver[145].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 1,632 million, representing a 63% increase compared to HKD 1,000 million in the same period last year[2]. - Loss attributable to shareholders decreased to HKD 239 million, a 61% improvement from a loss of HKD 619 million in the previous year[2]. - Basic loss per share improved to HKD 0.28, down from HKD 0.74, reflecting a 61% reduction in losses[3]. - The total comprehensive loss for the period was HKD 465 million, significantly lower than HKD 3,031 million in the previous year[5]. - The company reported a net loss of HKD (239,425) for the six months ended September 30, 2024, compared to a net loss of HKD (618,645) in the same period last year, showing an improvement of about 61%[41]. Assets and Liabilities - Total assets as of September 30, 2024, were HKD 37,316 million, a decrease of 2% from HKD 38,212 million as of March 31, 2024[2]. - Net asset value decreased by 3% to HKD 17,652 million from HKD 18,118 million[2]. - The debt-to-revalued net asset ratio improved to 60% from 62%[2]. - Non-current assets as of September 30, 2024, totaled HKD 24,877,967, slightly down from HKD 25,107,873 as of March 31, 2024[31]. - The company’s borrowings stood at HKD 17,165,224 as of September 30, 2024, reflecting a stable debt position[28]. - The net debt was HKD 15.6 billion, a decrease from HKD 16.4 billion as of March 31, 2024, with a debt ratio of approximately 60%[64]. Revenue Breakdown - Revenue contributions by segment included property sales at HKD 1,005,840, property leasing at HKD 58,135, hotel operations at HKD 158,305, financial investments at HKD 384,774, and other income at HKD 24,870[25]. - The group recorded a revenue increase of 63% to HKD 1,632,000,000 for the first half of the fiscal year, primarily due to the property sales from "Landmark on Robson" in Canada[49]. Investment Performance - The net investment loss for the six months ended September 30, 2024, was HKD (390,597), a significant decrease from HKD (1,782,019) in the same period of 2023, indicating improved investment performance[32]. - The company reported a fair value loss on investment properties of HKD (245,485) during the period[25]. - The net realized gains from financial assets measured at fair value through profit or loss amounted to HKD 300,579, an increase from HKD 221,104 in the previous year, representing a growth of approximately 36%[34]. Operational Highlights - The group reported a gross profit of HKD 927 million, slightly up from HKD 925 million year-on-year[3]. - Operating profit turned positive at HKD 19 million, compared to an operating loss of HKD 923 million in the previous year[3]. - The average hotel occupancy rate was 88%, up from 84% in 2023, despite a decline in room rates due to changing consumption patterns of mainland visitors[59]. - The group anticipates a recovery in hotel operations as visitor numbers to Hong Kong increase, supported by government initiatives to promote tourism[68]. Corporate Governance and Future Outlook - The company plans to adopt revised accounting standards effective from April 1, 2025, which may impact future financial reporting[1]. - The group actively engaged in debt management discussions to extend repayment periods and reduce interest rates on its financial investments[62]. - The group has adhered to the corporate governance code principles as outlined in the listing rules[73]. - The audit committee reviewed the group's unaudited interim results for the six months ending September 30, 2024[74].