Corporate Recognition and ESG Efforts - The company has received the "Outstanding Listed Company Award 2023" from prominent media in Mainland China and Hong Kong, recognizing its performance in corporate development and ESG efforts[5] - The company has identified 21 key environmental, social, and governance issues through stakeholder communication and prioritization processes[17] - The company aims to continuously optimize internal data collection processes and gradually expand the scope of disclosures related to ESG[1] - The company emphasizes the importance of stakeholder feedback to enhance its ESG performance[4] - The company has made progress in integrating ESG considerations into operational decision-making and aims to create long-term value for stakeholders[5] Food Safety and Quality Management - The company implements multiple management systems to ensure food safety and quality, which are critical for maintaining customer trust[19] - Sunshine Bread has established an internal halal committee to oversee compliance with halal standards and procedures for products manufactured and distributed in Malaysia[24] - The company conducts regular audits to verify compliance with food safety requirements, ensuring that products meet quality standards[21] - The company has established standard procedures for maintaining hygiene and addressing pest issues in public areas[49] Employee Statistics and Development - The total number of employees is 1,099, with a gender distribution of 50% male (553) and 50% female (546) in 2023[51] - Employee turnover rate decreased to 47% from 61% in the previous year, with male turnover at 37% and female turnover at 58%[51] - The workforce is divided by age: 22% under 30 years, 50% between 30 and 49 years, and 28% over 50 years[51] - The employee distribution by employment type shows 76% full-time and 24% part-time[51] - The company has committed to continuous employee development, emphasizing skill enhancement and professional knowledge[34] - Total training participants rose to 573 in 2023, representing 52% of employees, up from 458 (45%) in 2022[54] - The average training hours per employee decreased slightly to 5.8 hours in 2023 from 5.9 hours in 2022[54] - The number of training hours for male employees was 7.2 hours in 2023, compared to 6.2 hours in 2022[54] - The number of training hours for female employees decreased to 4.7 hours in 2023 from 5.5 hours in 2022[54] - The number of management training participants increased for both male (51) and female (35) in 2023[54] - The company continues to implement various training programs to enhance employee skills in line with industry standards[59] Workplace Health and Safety - The company recorded 18 workplace injury cases this year, each investigated thoroughly, with preventive measures implemented to avoid recurrence[33] - In 2023, the number of work-related deaths was 21, compared to 0 in 2022[54] - The number of reportable work-related injuries increased to 22 in 2023 from 18 in 2022, with an injury rate of 1.6% per 100 employees[54] - The company actively encourages employees to provide feedback on workplace health and safety improvements[32] - The company has not reported any violations related to advertising, labeling, or privacy issues this year[50] Environmental Impact and Sustainability - The company has implemented energy-saving technologies and improved operational processes to reduce emissions[43] - The company reported a total greenhouse gas emissions of X tons, with a target to reduce emissions by Y% over the next Z years[66] - The total hazardous waste generated was A tons, while non-hazardous waste amounted to B tons, indicating a focus on waste management[66] - Direct energy consumption totaled C kilowatt-hours, with a goal to improve energy efficiency by D%[68] - The total water consumption was E cubic meters, with plans to achieve a water efficiency target of F%[68] - The company aims to implement sustainable resource measures, including the use of renewable energy sources[68] - New product development initiatives are underway, focusing on environmentally friendly materials and processes[68] - The company has set waste reduction targets and is taking steps to achieve these goals[66] - The management is committed to complying with relevant environmental regulations and improving overall sustainability practices[66] - In 2023, nitrogen oxide emissions increased to 27,667.9 kg from 19,872.5 kg in 2022, attributed to the expansion of food operations in Malaysia[9] - Total greenhouse gas emissions reached 11,165.3 metric tons CO2 equivalent in 2023, up from 9,605.7 metric tons in 2022[9] - Total energy consumption rose to 48,922.1 MWh in 2023, compared to 31,784.7 MWh in 2022, indicating a significant increase in operational energy use[94] - Diesel consumption surged to 26,444.7 MWh in 2023 from 7,843.0 MWh in 2022, driven by increased transportation needs for food operations[95] - Water consumption increased to 100,571.7 cubic meters in 2023, up from 78,311.3 cubic meters in 2022, due to the opening of new Chatterbox Cafés[94] - The density of greenhouse gas emissions was recorded at 0.123 metric tons CO2 equivalent per square meter in 2023, compared to 0.106 in 2022[9] - The total amount of packaging materials used decreased to 105.9 metric tons in 2023 from 127.9 metric tons in 2022[93] - The density of packaging materials per million HKD revenue improved to 0.13 metric tons in 2023 from 0.19 in 2022[93] - The increase in natural gas consumption to 6,988.3 MWh in 2023 from 9,632.4 MWh in 2022 was due to improved energy efficiency in production processes[95] Financial Performance - The company reported a net loss of HKD 68,682,000 for 2023, compared to a profit of HKD 144,111,000 in 2022, representing a significant decline[128] - Total revenue for 2023 was HKD 813,522,000, an increase from HKD 677,773,000 in 2022, marking a growth of approximately 20%[128] - The gross profit margin improved, with total profit amounting to HKD 502,214,000 in 2023, up from HKD 385,093,000 in the previous year[128] - The company incurred financing costs of HKD 111,030,000, which increased from HKD 71,263,000 in 2022, indicating a rise in borrowing costs[128] - The share of profits from joint ventures was HKD 960,000, a recovery from a loss of HKD 39,694,000 in 2022[128] - The basic and diluted loss per share for the company was HKD 0.07, down from a profit of HKD 0.25 per share in the previous year[128] - The company recorded a fair value loss on investment properties of HKD 26,523,000, compared to a loss of HKD 24,311,000 in 2022[128] - Administrative expenses rose to HKD 442,360,000 from HKD 420,678,000, reflecting increased operational costs[128] - Other income decreased significantly to HKD 1,695,000 from HKD 16,483,000 in 2022, indicating a decline in ancillary revenue streams[128] - The company reported a total comprehensive loss of HKD 293,212,000 for 2023, a substantial improvement from a loss of HKD 1,018,565,000 in 2022[128] - As of December 31, 2023, the total equity of the company was HKD 12,909,665,000, with a loss for the year amounting to HKD 293,212,000[134] - The company reported a cash and cash equivalents balance of HKD 868,547,000 at year-end[137] Assets and Liabilities - The fair value of investment properties as of December 31, 2023, was HKD 663,000,000, with a recognized fair value loss of HKD 27,000,000 in the profit and loss statement[149] - The company's share of losses from joint ventures amounted to HKD 184,445,000 for the year[134] - The carrying value of the company's interest in Lippo ASM Asia Property Limited was HKD 10,312,000,000 as of December 31, 2023[144] - The carrying value of the company's interest in TIH Limited was HKD 286,000,000 as of December 31, 2023[147] - The company had a total comprehensive loss of HKD 68,682,000 for the year, including foreign exchange differences[134] - The company’s total assets were HKD 9,075,231,000 as of December 31, 2023[134] - The company’s total liabilities were HKD 3,165,566,000 as of December 31, 2023[134] - The company’s equity attributable to shareholders was HKD 9,300,008,000 as of December 31, 2023[134] - Non-current assets decreased slightly from HKD 14,180,190 thousand in 2022 to HKD 14,091,684 thousand in 2023, representing a decline of approximately 0.63%[160] - Current liabilities decreased significantly from HKD 1,235,423 thousand in 2022 to HKD 786,459 thousand in 2023, a reduction of about 36.3%[160] - Cash and cash equivalents dropped from HKD 868,547 thousand in 2022 to HKD 454,717 thousand in 2023, reflecting a decrease of approximately 47.7%[160] - Total non-current liabilities increased from HKD 1,139,375 thousand in 2022 to HKD 1,433,749 thousand in 2023, marking an increase of about 25.8%[161] - The company's net assets decreased from HKD 13,216,979 thousand in 2022 to HKD 12,909,665 thousand in 2023, a decline of approximately 2.3%[161] - The company's equity attributable to equity holders remained stable at HKD 9,075,231 thousand in 2023 compared to HKD 9,300,008 thousand in 2022, showing a slight decrease of about 2.4%[161] Cash Flow and Financial Activities - The company reported a profit for the year of HKD 125,281 thousand, contributing positively to retained earnings[164] - The company’s total assets less current liabilities remained relatively stable, with a slight decrease from HKD 14,356,354 thousand in 2022 to HKD 14,343,414 thousand in 2023[160] - The company’s inventory decreased from HKD 25,196 thousand in 2022 to HKD 23,962 thousand in 2023, a reduction of approximately 4.9%[160] - The company’s receivables increased significantly from HKD 116,121 thousand in 2022 to HKD 165,987 thousand in 2023, an increase of about 42.9%[160] - Operating cash flow used amounted to HKD (100,534) thousand in 2023, compared to HKD (39,568) thousand in 2022, indicating a significant increase in cash outflow[165] - Cash flow from investing activities showed a net outflow of HKD (12,665) thousand in 2023, a decrease from a net inflow of HKD 147,014 thousand in 2022[165] - Financing activities resulted in a net cash outflow of HKD (300,533) thousand in 2023, compared to HKD (182,359) thousand in 2022, reflecting increased financing costs[165] - The company received interest income of HKD 12,868 thousand in 2023, up from HKD 5,172 thousand in 2022, indicating improved returns on investments[165] - Dividends received from associates increased to HKD 9,663 thousand in 2023 from HKD 5,479 thousand in 2022, showing growth in investment income[165] - The total cash and cash equivalents decreased by HKD (413,732) thousand in 2023, compared to a decrease of HKD (74,913) thousand in 2022, highlighting liquidity challenges[165] - The company made payments for fixed assets totaling HKD (48,006) thousand in 2023, an increase from HKD (37,755) thousand in 2022, indicating ongoing capital expenditures[165] Financial Reporting Standards and Compliance - The company plans to adopt new and revised Hong Kong Financial Reporting Standards, which may impact future financial reporting[171] - The company’s subsidiaries and joint ventures are engaged in various sectors including property investment, healthcare services, and mining exploration, indicating a diversified business model[167] - The company has not applied certain new accounting standards that have been issued but are not yet effective, which may affect future financial statements[173] - The group expects that the amendments to HKAS 21 will not have a significant impact on its financial statements[177] - The group's interests in associates and joint ventures are accounted for using the equity method, reflecting the net asset value attributable to the group[178] - Upon losing significant influence over an associate or joint control over a joint venture, the group measures and recognizes any retained interest at fair value[179] - The group recognizes income from the sale of its share of joint ventures, with related assets, liabilities, income, and expenses accounted for according to applicable HKFRS[180] - Goodwill is initially measured at cost, which includes the transfer price and any non-controlling interest, with any excess over the fair value of identifiable net assets recognized as a bargain purchase gain[183] - The group employs different valuation methods to ensure sufficient data for fair value measurement, minimizing the use of unobservable data[185] - The financial report includes consolidated financial statements for the year ended December 31, 2023[191] - The group will not recognize related assets, liabilities, or goodwill upon losing control of a subsidiary, and will measure any retained investment at fair value[194] - The amendments to HKAS 12 narrow the scope of initial recognition exceptions, requiring deferred tax assets and liabilities to be recognized for temporary differences arising from certain transactions[196] - The group has retrospectively applied the amendments to Hong Kong Financial Reporting Standards, but these amendments did not impact the group as it is not within the scope of the Pillar Two legislative framework[197] - The amendments to Hong Kong Financial Reporting Standard No. 16 specify the treatment of lease liabilities arising from sale and leaseback transactions, effective from January 1, 2024, with retrospective application allowed[200] - The group anticipates that the amendments to the financial reporting standards will not have a significant impact on its financial statements[200]

Financial Performance - TIH Group's revenue for the year ended December 31, 2023, was HKD 813,522,000, representing a 20% increase from HKD 677,773,000 in 2022[8] - The total profit for the year was HKD 502,214,000, up from HKD 385,093,000 in the previous year, indicating a growth of approximately 30.5%[8] - The net loss for the year was HKD 68,682,000, a decline from a profit of HKD 144,111,000 in 2022, marking a turnaround of approximately 147.7%[8] - Basic and diluted earnings per share for the company were HKD (0.07), down from HKD 0.25 in the previous year[8] - The overall comprehensive loss for the year was HKD 293,212,000, compared to a loss of HKD 1,018,565,000 in the previous year, showing a significant improvement[11] - The company reported a pre-tax loss of HKD 67,045,000, indicating challenges in operational efficiency[69] - The company reported a pre-tax profit of HKD 144,197,000 for the year[70] - The group recorded a loss attributable to shareholders of HKD 35,000,000 for the year, compared to a profit of HKD 125,000,000 in 2022, primarily due to a decrease in profits from joint ventures[116] Revenue Breakdown - Revenue from food manufacturing business increased to HKD 324,523 thousand in 2023, up from HKD 266,461 thousand in 2022, representing a growth of 21.8%[27] - Restaurant operations revenue rose to HKD 359,901 thousand in 2023, compared to HKD 291,065 thousand in 2022, marking a significant increase of 23.5%[27] - Total revenue from customer contracts reached HKD 698,417 thousand in 2023, an increase of 21.8% from HKD 573,334 thousand in 2022[27] - The food business remains the primary revenue source, contributing 84% of total revenue in 2023, with a growth rate of 23%[87] - The revenue from the food business segment amounted to HKD 114,667,000, up from HKD 91,801,000 in 2022, indicating a year-over-year increase of about 25%[73] - The property investment segment generated total revenue of HKD 92,000,000, up from HKD 88,000,000 in 2022, mainly from recurring rental income and interest income from joint ventures[117] Joint Ventures and Investments - Healthway Group's share of profit for the year was HKD 8,000,000, a significant decrease from HKD 29,000,000 in 2022[4] - The group's share of results from joint ventures was HKD 169,707,000, a decrease from HKD 549,936,000 in 2022, representing a decline of approximately 69%[8] - The group's share of profit from its investment in LAAPL was HKD 174 million for the year, down from HKD 554 million in 2022[91] - The group has a significant investment in OUE Limited, a leading real estate development and management company in Asia[51] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 14,091,684 thousand, slightly down from HKD 14,180,190 thousand in 2022[31] - The company's equity attributable to equity holders decreased to HKD 9,075,231 thousand in 2023 from HKD 9,300,008 thousand in 2022, a decline of 2.4%[32] - Total liabilities stood at HKD 2,220,208,000, with a significant portion attributed to undistributed liabilities of HKD 1,390,536,000[69] - The group's total liabilities decreased to HKD 2,200,000,000 as of December 31, 2023, down from HKD 2,400,000,000 in 2022[135] Cash Flow and Financing - Cash and cash equivalents decreased to HKD 454,717 thousand in 2023 from HKD 868,547 thousand in 2022, a reduction of 47.7%[31] - The group's unsecured other loans increased to HKD 250,000,000 from HKD 70,000,000 in the previous year, reflecting a significant rise of 257%[5] - The group's financing costs rose to HKD 111,030,000 from HKD 71,263,000, indicating an increase of 56%[8] - The company incurred a financing cost of HKD 145,149,000, impacting overall profitability[69] Operational Challenges - The group continues to face challenges in the food business due to intense competition, labor shortages, and rising operational costs, impacting overall performance[66] - The group remains engaged in ongoing litigation related to claims against and counterclaims from its major investors, with the court proceedings still in progress[56] - The company has not been affected by the new tax legislation under the OECD's Pillar Two framework, as it does not fall within its scope[38] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[70] - The geopolitical risks from conflicts in Ukraine and the Middle East may continue to impact global trade and investment, affecting the economic outlook for 2024[140] - The group will remain vigilant and actively seek opportunities arising from corporate deleveraging and non-core asset sales[134]

Financial Performance - Total revenue from customer contracts reached HKD 333,963,000 for the six months ended June 30, 2023, compared to HKD 327,474,000 in the same period of 2022, reflecting a growth of approximately 2.3%[18] - The company reported a net loss of HKD 8,214,000 for the six months ended June 30, 2023, compared to a profit of HKD 152,548,000 in the same period of 2022[66] - Total revenue from customer contracts for the six months ended June 30, 2023, was HKD 333,963,000, an increase from HKD 261,847,000 in the same period of 2022, representing a growth of approximately 27.5%[58] - Revenue for the six months ended June 30, 2023, was HKD 386,902 thousand, an increase of 22.8% compared to HKD 314,946 thousand for the same period in 2022[70] - Total profit for the period was HKD 232,056 thousand, up from HKD 176,257 thousand, reflecting a growth of 31.7%[70] - The company reported a total comprehensive loss of HKD 318,395,000 for the period, compared to a total comprehensive loss of HKD 621,044,000 in the previous year[66] - The company’s total reserves for the current and prior periods are detailed in the consolidated statement of changes in equity[40] Costs and Expenses - The cost of sales increased to HKD 154,846,000 in 2023 from HKD 138,689,000 in 2022, representing an increase of about 11.6%[15] - The company incurred a loss of HKD 2,463,000 from the sale of fixed assets and a loss of HKD 6,639,000 from the reclassification of overseas business liquidation to the income statement[51] - The company’s administrative expenses rose to HKD 207,798 thousand from HKD 203,285 thousand, indicating a slight increase in operational costs[70] - The company incurred unallocated corporate expenses of HKD 63,733,000 and financing costs of HKD 33,004,000 during the period[105] Assets and Liabilities - The total assets as of June 30, 2023, were HKD 10,414,338,000, compared to HKD 10,538,378,000 as of December 31, 2022, showing a slight decrease of about 1.2%[19] - The total liabilities as of June 30, 2023, were HKD 1,449,179,000, compared to HKD 1,436,019,000 as of December 31, 2022, reflecting an increase of approximately 0.9%[19] - The total assets less current liabilities amounted to HKD 14,120,977 thousand, a decrease from HKD 14,356,354 thousand as of December 31, 2022[68] - Non-current assets totaled HKD 13,961,616 thousand, down from HKD 14,180,190 thousand at the end of 2022[68] - The company’s total liabilities increased to HKD 1,190,838 thousand from HKD 1,139,375 thousand as of December 31, 2022[76] - The company’s equity attributable to shareholders decreased to HKD 9,092,774 thousand from HKD 9,300,008 thousand[76] Cash Flow - The company’s cash flow from operating activities showed a significant decline, reflecting challenges in the current market environment[63] - The net cash flow from operating activities was HKD 348,000, compared to a cash outflow of HKD 131,594,000 in the same period last year[84] - The company reported a net cash outflow from investing activities of HKD 1,271,000, significantly improved from HKD 15,908,000 in the previous period[84] - The financing activities resulted in a net cash outflow of HKD 39,020,000, compared to HKD 58,075,000 in the same period last year[84] - The cash and cash equivalents at the end of the period stood at HKD 823,987,000, an increase from HKD 741,743,000[80] Market and Strategic Developments - The company continues to explore market expansion opportunities and new product development strategies to enhance future growth prospects[21] - The company plans to expand its market presence in Singapore and Malaysia, focusing on enhancing its food business segment[56] - The company is exploring new product development and technological advancements to drive future growth and improve operational efficiency[64] - The company has ongoing loan agreements with Pacific Landmark Holdings Limited, with various amounts including SGD 53,920,839.43 and SGD 2,000,000[198] - The company has revised the interest rates on certain loans from 6.5% to 2.25%, with repayment terms adjusted to be on demand[198] Dividends and Shareholder Information - The company declared no interim dividend for the six months ended June 30, 2023, consistent with the previous year[24] - The company paid no dividends to shareholders during the period, compared to HKD 19,726,000 in the previous period[84] - As of June 30, 2023, Dr. Li holds 369,800,219 shares, representing approximately 74.98% of the issued shares of the company[186] - Lippo Capital Holdings owns 60% of Lippo Capital's issued shares, with Dr. Li being the beneficial owner of 100% of Lippo Capital Group's issued capital[196] Economic and Market Conditions - The economic growth momentum in Singapore has noticeably slowed during the period, despite a significant rebound in international tourism[165] - Singapore's economic growth forecast for 2023 has been narrowed from 0.5%-2.5% to 0.5%-1.5% due to weak global demand and geopolitical tensions[184] - The International Monetary Fund has downgraded its global economic growth forecast for 2023 and 2024 from 3.5% to 3.0%, indicating a lack of confidence in a strong economic rebound[184] Segment Performance - The food business accounted for 85% of total revenue during the period, up from 81% in 2022, with a revenue increase of 29% following the lifting of pandemic restrictions[134] - The property development segment reported a loss of HKD 4,393,000, while the financial investment segment achieved a profit of HKD 3,889,000[105] - The healthcare services segment recorded a loss of HKD 1,607,000, indicating challenges in this area[105] - The food business segment recorded revenue of HKD 329 million for the period, up from HKD 254 million in 2022, primarily driven by improvements in retail and manufacturing operations[170] - The food business segment incurred a loss of HKD 36 million, an improvement from a loss of HKD 67 million in 2022, despite ongoing challenges such as intense competition and high operating costs[170]

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。 LIPPO LIMITED 力寶有限公司 （於香港註冊成立之有限公司） （股份代號：226） 中期業績 截至2023年6月30日止六個月 力寶有限公司（「本公司」）之董事會公佈本公司及其附屬公司（統稱「本集團」）截至2023年6月30日止 六個月之未經審核綜合中期業績，連同2022年同期之比較數字如下： 簡明綜合損益表 截至2023年6月30日止六個月 未經審核 截至6月30日止六個月 2023年 2022年 附註 千港元 千港元 收入 4 386,902 314,946 銷售成本 7 (154,846) (138,689) ───────── ───────── 溢利總額 232,056 176,257 其他收入 5 1,439 10,298 行政開支 (207,798) (203,285) 其他經營開支 7 (85,600) (82,131) 按公平值計入損益之財務工具之公平值收益／（虧損）淨額 7 ...

Financial Performance - The group recorded a consolidated profit attributable to shareholders of approximately HKD 125 million for the year ended December 31, 2022, down from approximately HKD 500 million in 2021, reflecting a decrease of 75%[5]. - Total revenue decreased to HKD 678 million, down from HKD 728 million in 2021, with 66% from Singapore and 29% from Hong Kong[16]. - The food business remained the main revenue source, accounting for 83% of total revenue, but experienced a 6% decline due to ongoing pandemic control measures, particularly in Hong Kong[16]. - The group recorded a consolidated profit attributable to shareholders of HKD 125 million for the year, a decrease from HKD 500 million in 2021, primarily due to fair value losses on financial instruments and reduced profits from joint ventures[16]. - The group’s share of profits from joint ventures was HKD 554 million, a decrease from HKD 636 million in 2021, attributed to reduced profit contributions from equity-accounted investments[27]. Market and Business Environment - The group's food retail business continued to be impacted by COVID-19 restrictions, particularly in Hong Kong, but showed signs of recovery after the lifting of dining and social gathering restrictions[10]. - The group is focused on creating value for stakeholders while navigating the challenging market environment in 2023, following significant bank failures in March 2023[11]. - The group remains confident in the long-term prospects of its food business despite facing challenges such as intense competition and high operating costs[10]. - The group anticipates that the economic growth rate in Singapore for 2023 will range between 0.5% and 2.5% amid a challenging operating environment[55]. Investments and Acquisitions - OUE Limited, a major associate of the group, achieved higher growth due to its resilient and diversified businesses in real estate, healthcare, and consumer sectors[5]. - Healthway Medical Corporation Limited expanded its network by acquiring three new clinics in Singapore, bringing its total to over 100 clinics and medical centers, making it one of the largest outpatient chains in Singapore[8]. - OUE Group's First Real Estate Investment Trust acquired 12 aged care facilities in Japan and two additional facilities from a third party, enhancing its portfolio in mature markets[7]. - The group plans to open two hospitals in mainland China, with the Changshu Hospital expected to be operational in 2023 and the Taiziwan Hospital in 2024, providing a total of approximately 340 beds[22]. - The group sold its entire stake in 12 nursing homes in Japan for SGD 165.9 million, equivalent to approximately HKD 959 million, enhancing its interest in First REIT[26]. Financial Assets and Securities - The group incurred a fair value loss of HKD 106 million from its securities investments in the current year, compared to a gain of HKD 219 million in 2021, indicating significant market volatility[10]. - As of December 31, 2022, the financial and securities investment portfolio was valued at HKD 1,568,000,000, down from HKD 2,115,000,000 in 2021[33]. - The fair value of financial assets measured at fair value through profit or loss was HKD 788,000,000, a decrease from HKD 1,143,000,000 in 2021[34]. - The financial and securities investment segment reported total income of HKD 16,000,000, a decrease from HKD 20,000,000 in 2021, with a net loss of HKD 98,000,000 compared to a profit of HKD 217,000,000 in the prior year[32]. Employee and Operational Management - The group had 783 full-time employees as of December 31, 2022, down from 830 employees in the previous year, with employee costs recorded at HKD 311 million compared to HKD 348 million in 2021[54]. - The company aims to minimize health and safety risks faced by employees, with safety committees established in several subsidiaries to oversee occupational health and safety[87]. - The company has a comprehensive remuneration scheme that includes various benefits beyond statutory requirements, such as paid marriage leave and medical insurance[79]. - The company provided medical insurance plans to improve employee welfare, and during the COVID-19 pandemic, it offered free surgical masks and flexible working arrangements[91]. Environmental and Social Responsibility - The company has implemented environmental policies to mitigate risks associated with extreme weather events due to climate change, including regular system backups and business continuity plans[74]. - The group has established specific privacy policies and operational procedures for handling customer identifiable personal data[181]. - The group has a whistleblowing policy to encourage reporting of suspected misconduct or non-compliance[183]. - The group made charitable donations totaling approximately HKD 6,304,000 in the reporting year[185]. Quality and Safety Standards - The group has implemented multiple management systems to ensure food safety and quality, including ISO 9001, ISO 22000, GMP, and HACCP systems[147]. - The group conducted laboratory tests to ensure that end products meet regulatory standards for microbiological quality[148]. - The group emphasizes the importance of customer privacy and third-party intellectual property rights, adhering to relevant laws and regulations[151]. - The group conducts regular retail quality assessments to ensure food safety and hygiene standards[179].

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。 LIPPO LIMITED 力寶有限公司 （於香港註冊成立之有限公司） （股份代號：226） 全年業績 截至2022年12月31日止年度 力寶有限公司（「本公司」）之董事會公佈本公司及其附屬公司（統稱「本集團」）截至2022年12月31日止 年度之綜合全年業績，連同2021年同期之比較數字如下： 綜合損益表 截至2022年12月31日止年度 2022年 2021年 附註 千港元 千港元 收入 4 677,773 728,174 銷售成本 7 (292,680) (320,902) ──────── ──────── 溢利總額 385,093 407,272 其他收入 5 16,483 12,155 行政開支 (420,678) (438,823) 其他經營開支 7 (159,270) (174,268) 按公平值計入損益之財務工具之公平值收益／（虧損）淨額 7 (105,856) 227,411 投資物業 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 314,946,000, a decrease of 12.8% compared to HKD 361,308,000 in 2021[3] - Total profit for the period was HKD 176,257,000, down 12.8% from HKD 201,937,000 in the previous year[3] - The net profit attributable to equity holders of the company was HKD 105,461,000, a decline of 55.6% from HKD 237,491,000 in 2021[3] - The company reported a loss from fair value changes of financial instruments amounting to HKD 24,800,000, compared to a gain of HKD 218,546,000 in the prior year[3] - Other comprehensive loss for the period totaled HKD 773,592,000, compared to a gain of HKD 156,196,000 in the same period last year[6] - The basic and diluted earnings per share for the period were HKD 0.21, compared to HKD 0.48 in the previous year[3] - Total comprehensive income for the period was a loss of HKD 456,325 thousand, compared to a loss of HKD 164,719 thousand in the previous year, indicating a worsening in overall performance[17] Assets and Liabilities - The company's total assets as of June 30, 2022, were HKD 14,342,746,000, a decrease from HKD 14,826,746,000 at the end of 2021[10] - Current liabilities increased significantly to HKD 1,468,484,000 from HKD 912,243,000 at the end of 2021[11] - The company's equity attributable to equity holders was HKD 8,484,843,000, down from HKD 8,961,180,000 at the end of 2021[11] - The total liabilities amounted to HKD 2,365,864, with allocated liabilities of HKD 815,081[38] - The total assets of the group, excluding interests in associates and joint ventures, were significant, reflecting the diversified investment strategy[26] Cash Flow and Investments - Cash flow from operating activities showed a negative balance of HKD 131,594 thousand for the six months ending June 30, 2022, compared to a negative balance of HKD 5,678 thousand in the same period of 2021[18] - The company incurred cash outflows of HKD 15,908 thousand from investing activities, a decrease from HKD 56,882 thousand in the previous year, reflecting reduced investment expenditures[18] - Financing activities generated cash inflows of HKD 461,428 thousand, an increase from HKD 370,000 thousand in the previous year, indicating improved access to financing[18] - The ending cash and cash equivalents decreased to HKD 741,743 thousand from HKD 846,367 thousand, reflecting a decline in liquidity[18] Segment Performance - The total revenue for the first half of 2022 was 43,974 million, with a segment profit of 20,532 million from property investment[33] - The property development segment reported a profit of 16,819 million, while the food business incurred a loss of 66,862 million[33] - The healthcare services segment reported a loss of 920 million, while the financial investment segment generated a profit of 1,523 million[33] - The company reported a significant decrease in the fair value gains from investment properties, totaling HKD 2,600[36] - The food business segment recorded revenue of HKD 254,000,000, down from HKD 294,000,000 in 2021, with losses increasing to HKD 67,000,000 from HKD 37,000,000 in the previous year[139] Market and Economic Conditions - The company experienced challenges due to the ongoing COVID-19 pandemic and geopolitical tensions, impacting its operational environment[121] - The global economic outlook remains challenging due to rising inflation and tightening monetary policies[174] - The company reported a significant decline in the global stock market, with the US market experiencing its largest drop in over 50 years during the first half of the year[121] Strategic Focus and Future Plans - The company emphasized the importance of strategic investments in property and healthcare services for future growth[25] - The company plans to expand its market presence in mainland China and Singapore, contributing to revenue growth[42] - The group plans to continue its strategic focus on food retail and manufacturing businesses despite operational challenges and cost pressures[140] Shareholder Information - The company paid dividends of HKD 19,726 thousand to shareholders, down from HKD 34,521 thousand in the previous year, suggesting a strategy to conserve cash[18] - The company declared no interim dividend for the six months ended June 30, 2022[177] Ownership and Corporate Structure - The company indirectly holds 1,477,715,492 shares of HKC, representing approximately 73.95% of HKC's issued shares as of June 30, 2022[180] - The company has a 100% beneficial ownership of Lippo Capital Group's ordinary shares, which is fully owned by Dr. Lee[187] - The company’s beneficial ownership in various subsidiaries and associated companies is detailed, indicating a complex ownership structure[189]

Financial Performance - The company recorded a consolidated profit attributable to shareholders of approximately HKD 500 million for the year ended December 31, 2021, compared to a consolidated loss of approximately HKD 675 million for the nine months ended December 31, 2020[5]. - Revenue from continuing operations was HKD 728 million, an increase from HKD 573 million in 2020, with the food business contributing 82% of total revenue[15]. - The group recorded a consolidated profit attributable to shareholders of HKD 500 million for the fiscal year, compared to a consolidated loss of HKD 675 million in the previous period[15]. - The food business segment generated revenue of HKD 596 million, an increase from HKD 446 million in 2020, but incurred a loss of HKD 67 million, worsening from a loss of HKD 23 million in 2020[30]. - The group’s share of profit from its investment in LAAPL for the year was HKD 636 million, a significant recovery from a loss of HKD 958 million in 2020[27]. - The group's total assets as of December 31, 2021, were HKD 16,600,000,000, an increase from HKD 16,300,000,000 in 2020, with property-related assets accounting for 77% of total assets[49]. - The group's total liabilities decreased to HKD 2,500,000,000 as of December 31, 2021, from HKD 2,700,000,000 in 2020, while cash and cash equivalents totaled HKD 1,000,000,000[50]. - The capital-to-debt ratio as of December 31, 2021, was 14.2%, down from 16.0% in the previous year[51]. - The net asset value attributable to equity holders was HKD 9,900,000,000, compared to HKD 9,600,000,000 as of December 31, 2020, equating to HKD 20.2 per share[52]. Strategic Investments and Acquisitions - OUE Limited, a major joint venture of the company, successfully completed several strategic transactions, including acquiring a 32% stake in PT Matahari Department Store Tbk and a 17.2% stake in PT Multipolar Tbk[6]. - OUE C-REIT sold a 50% stake in the Hualien Bay Tower and its associated properties for a total value of SGD 1,267.5 million (approximately HKD 7.4 billion)[6]. - The company increased its stake in First Real Estate Investment Trust to 43.9% after selling its entire interest in nursing homes for SGD 163.5 million (approximately HKD 944.9 million)[25]. - Strategic acquisitions included a 32.0% stake in PT Matahari Department Store Tbk and a 17.2% stake in PT Multipolar Tbk, enhancing the company's presence in the retail and technology sectors[26]. - Healthway Medical Corporation Limited, a joint venture, expanded its network by acquiring a chain of nine clinics, becoming the largest chain of outpatient clinics in Singapore[9]. Operational Performance - The company’s food business showed improvement in the second half of the year, although it faced challenges due to COVID-19 restrictions, particularly in Hong Kong[8]. - The company remains optimistic about the long-term prospects of its food business and plans to expand its store network when opportunities arise[8]. - The company is prepared to seize opportunities from the recovery of global economic activities and international tourism while remaining vigilant about operational risks[11]. - The company’s strategic focus includes exploring business opportunities and managing capital resources and costs prudently amid ongoing pandemic challenges[11]. - The food retail and manufacturing businesses will continue to focus on operations despite challenges posed by the pandemic, with various promotional activities launched to stimulate sales[31]. Financial Management and Dividends - The company plans to distribute a final cash dividend of HKD 0.04 per share for the year[12]. - The company plans to distribute a final dividend of HKD 0.04 per share, totaling approximately HKD 19,700,000, an increase from HKD 14,800,000 in the previous year[62]. - The total commitments for long-term strategic investments were HKD 114,000,000 as of December 31, 2021, compared to HKD 57,000,000 in 2020[54]. - The company has adopted a dividend policy aimed at providing stable and sustainable returns to shareholders, with considerations for profitability and financial conditions[196]. - The board will review the dividend policy periodically to ensure its continued effectiveness[197]. Governance and Corporate Structure - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, affirming their status as independent individuals[82]. - The company has established various committees, including audit, remuneration, and nomination committees, to ensure effective oversight and decision-making processes[87][88][89]. - The company maintains a commitment to corporate governance and compliance with the Hong Kong Stock Exchange's listing rules[82]. - The board of directors includes experienced members with extensive backgrounds in finance, law, and public service, enhancing the company's governance structure[84][85][87][88][89]. - The company has a structured approach to executive compensation and performance evaluation through its remuneration committee[87][89]. Risk Management and Compliance - The company has identified various risks and uncertainties that may impact its financial condition and operational performance, detailed in the risk management report[144]. - The board is responsible for maintaining effective risk management and internal control systems, with annual reviews conducted to assess their effectiveness[187]. - The internal audit department, established in 2007, evaluates the effectiveness of internal controls and risk management processes[189]. - The company has implemented insider information policies to ensure timely and fair disclosure of material information to the public[198]. - The group has complied with the disclosure requirements under the Hong Kong Stock Exchange Listing Rules regarding continuing connected transactions[128]. Employee and Director Compensation - Employee costs for the year amounted to HKD 348,000,000, up from HKD 246,000,000 in 2020, with a total of 830 full-time employees as of December 31, 2021[55]. - The total director's fees paid to all directors for the year amounted to HKD 246,000[95]. - Non-executive directors received additional remuneration for their roles in various board committees, with the chairman receiving HKD 81,600 and members receiving HKD 52,800[95]. - The remuneration for directors is determined based on market levels, time commitment, and their roles and responsibilities[94]. - The total fixed bonus for Dr. Li Chong amounted to HKD 249,000, with a discretionary bonus of HKD 20,000,000[94]. Sustainability and Community Engagement - The company emphasizes its commitment to sustainable development and resource optimization in its operations[146]. - The company will disclose its sustainability performance through its environmental, social, and governance report, collecting stakeholder feedback[146]. - The group made charitable and other donations totaling HKD 5,503,000 during the year, compared to HKD 1,756,000 in 2020[77]. - The company is committed to continuous improvement in its environmental, social, and governance performance over time[146]. - The company encourages directors to participate in professional development activities to enhance their knowledge and skills[180].

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 361,308,000, a decrease from HKD 387,428,000 in the same period of 2020, representing a decline of approximately 6.4%[5] - Total profit for the period was HKD 308,447,000, compared to a loss of HKD 686,103,000 in the previous year, indicating a significant turnaround[6] - The company's earnings per share for the period was HKD 0.48, reflecting a recovery from a loss per share of HKD 0.88 in the prior year[5] - The net profit from continuing operations before tax was HKD 313,974,000, a substantial improvement from a loss of HKD 807,880,000 in the same period last year[5] - The total comprehensive income for the period was HKD 156,196,000, compared to a loss of HKD 277,658,000 in the previous year, showing a positive shift in overall financial health[6] - The company reported a fair value gain of HKD 218,546,000 from financial instruments, compared to a gain of HKD 47,556,000 in the previous year[5] - The company reported a net loss of HKD 13,618 thousand for the six months ended June 30, 2021, compared to a net loss of HKD 6,929 thousand for the same period in 2020, reflecting a worsening financial position[57] - The profit attributable to the company's equity holders from continuing operations for the six months ended June 30, 2021, was HKD 237,491,000, compared to a loss of HKD 608,125,000 for the same period in 2020[77] Assets and Liabilities - Non-current assets as of June 30, 2021, totaled HKD 14,271,902,000, an increase from HKD 14,093,476,000 at the end of the previous fiscal year[10] - Current liabilities decreased to HKD 893,078,000 from HKD 1,321,819,000, indicating improved liquidity management[10] - The overall financial position has strengthened, with total assets less current liabilities amounting to HKD 15,216,251,000, up from HKD 15,001,816,000[10] - Non-current liabilities increased to HKD 1,491,192 thousand as of June 30, 2021, compared to HKD 1,362,099 thousand as of December 31, 2020, reflecting a growth of 9.5%[11] - The net asset value rose to HKD 13,725,059 thousand as of June 30, 2021, from HKD 13,639,717 thousand at the end of 2020, indicating an increase of 0.63%[11] - Total assets as of June 30, 2021, were valued at HKD 16,109,329 thousand, a slight decrease from HKD 16,323,635 thousand as of December 31, 2020[48] - Total liabilities as of June 30, 2021, were HKD 2,384,270 thousand, down from HKD 2,683,918 thousand as of December 31, 2020, indicating a reduction of approximately 11.1%[48] Cash Flow and Investments - Cash and cash equivalents decreased by HKD 353,311 thousand during the six months ended June 30, 2021, compared to an increase of HKD 342,487 thousand in the same period of 2020[18] - Operating cash flow showed a deficit of HKD 5,678 thousand for the six months ended June 30, 2021, an improvement from a deficit of HKD 22,507 thousand in the previous year[18] - The company reported a cash outflow from investing activities of HKD 56,882 thousand for the six months ended June 30, 2021, compared to an inflow of HKD 200,788 thousand in the same period of 2020[18] - The company reported a fair value gain of HKD 3 million from investment properties, a significant improvement from a fair value loss of HKD 57 million in the previous period[134] - The company realized a fair value gain of HKD 93,000,000 from the sale of part of its American Depositary Shares in Xinyi Technology during the period[155] Dividends and Shareholder Returns - The company paid dividends of HKD 34,521 thousand to shareholders during the six months ended June 30, 2021, compared to HKD 24,658 thousand in the same period of 2020, representing an increase of 40%[18] - The company did not declare any interim dividends for the six months ended June 30, 2021, compared to HKD 19,726,000 declared for the same period in 2020[79] Business Segments and Operations - The company operates through several business segments, including property investment, property development, financial investment, securities investment, food business, healthcare services, and others[29] - The company’s financial performance is evaluated based on the profit or loss of each operating segment, excluding the performance of associates and joint ventures[29] - Revenue from property sales amounted to HKD 3,622 thousand, while sales from food and beverage reached HKD 152,841 thousand and HKD 139,172 thousand respectively, contributing to a total of HKD 304,181 thousand from customer contracts[50] - The company is expanding its healthcare segment with ongoing developments of hospitals in China, expected to open in 2023 and 2024[137] - The company completed the sale of a 50% stake in a property in Singapore, indicating strategic asset management amidst the pandemic[135] Employee and Operational Metrics - Employee costs for the period, including director remuneration, were HKD 155,000,000, down from HKD 163,000,000 in 2020[175] - The group had 934 full-time employees as of June 30, 2021, a decrease from 1,006 full-time employees as of September 30, 2020[175] Market Outlook and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - Future guidance suggests a positive outlook with expected revenue growth driven by new product launches and market expansion initiatives[36] - The company is focusing on strategic acquisitions to enhance its competitive position in the market[36] Compliance and Reporting Standards - The financial report is prepared in accordance with Hong Kong Financial Reporting Standards and includes unaudited interim financial information for the six months ended June 30, 2021[1] - The accounting policies adopted in the interim financial report are consistent with those used in the audited financial report for the nine months ended December 31, 2020[23] - The company has not applied any new standards or interpretations that have not yet come into effect during the financial period[28] - The auditor's report on the financial statements did not contain any reservations or emphasis of matter[22]

Lippo Limited 力 寶 有 限 公 司 (於香港註冊成立之有限公司) (股份代號：226) ALC SO CAD (2000) CAD CAD C 2020年報 000 0 050 050 050 050 050 050 050 050 TO CEO GED CED USD (150 (250 (250) CESO GEO GEO V20 080 080 50 C60 050 050 050 050 050 050 050 050 050 000 SO CEO CESO CEO CESO CEO USD CEO CEO CEO USD USD CEO CEO 60 050 050 060 050 050 050 050 050 050 050 050 080 050 05P are and y e 280 030 080 020 020 目錄 頁次 公司資料 2 主席報告 3 董事會報告 5 企業管治報告 36 風險管理報告 48 環境、社會及管治報告 56 獨立核數師報告 80 綜合損益表 86 綜合全面收益表 87 綜合財務狀況表 88 綜合權益變動表 90 綜合現金流動表 92 財務報告書附 ...