Financial Performance - The company reported an unaudited loss attributable to owners of HKD 279 million for the six months ended June 30, 2020, compared to a profit of HKD 3,409 million in the same period of 2019[6]. - The basic loss per share was HKD 0.092, a significant decline from the basic earnings per share of HKD 1.127 in 2019[6]. - The group reported a total revenue of HKD 2,316,795,000 for the six months ended June 30, 2020, a decrease from HKD 11,992,593,000 in the same period of 2019, representing a decline of approximately 80.7%[56]. - The operating profit for the period was HKD 339,430,000, significantly lower than HKD 5,904,755,000 in the previous year, indicating a decrease of about 94.2%[56]. - The group reported a total comprehensive loss of HKD 763,110,000 for the period, compared to a comprehensive income of HKD 4,316,958,000 in the previous year[59]. - The company reported a total comprehensive loss of HKD 516,948 for the six months ended June 30, 2020[63]. - The company recorded a net loss of HKD 63,000 from the sale of properties, machinery, and equipment for the six months ended June 30, 2020[93]. - The company received government subsidies related to COVID-19 amounting to HKD 56,476,000 during the six months ended June 30, 2020[94]. Real Estate Development - The real estate sector recorded a profit decrease to HKD 879 million, down from HKD 5,843 million in the first half of 2019, primarily due to the impact of COVID-19 on consumer confidence and rental income[8]. - The company completed the delivery of 102 residential units in the Macau project, with a total of 77% of the units sold as of June 30, 2020[9]. - The company acquired the remaining 30% interest in a property in Singapore, becoming the sole owner, which enhances management flexibility[10]. - The Beijing Tongzhou integrated development project is expected to be completed in two phases in 2022 and 2023, covering 250,000 square meters of retail space and 117,000 square meters of residential units[11]. - The Shanghai Qiantan cultural and arts community project is expected to be completed in 2023, with a total construction area of 140,500 square meters[12]. - The company is developing a comprehensive project near Tianjin South High-Speed Railway Station, covering approximately 330,000 square meters, expected to commence operations in 2023[15]. - The Hengqin Comprehensive Development Project in Southern China includes approximately 42,300 square meters of office space, 43,000 square meters of retail facilities, 15,600 square meters of hotel space, and 33,400 square meters of serviced apartments, with a 70% equity stake held by the company[16]. - The project at 18 Tomlinson Road in Singapore has a total building area of approximately 142,000 square feet, with plans for 51 single-storey apartments and 3 penthouses, expected to launch in 2021 and complete construction in 2023, with 100% equity held by the company[17]. - The project at 14 and 14A Nansen Road in Singapore will develop approximately 100,200 square feet into luxury apartments, with 14 units planned, and is expected to launch in 2021 and complete construction in 2022, with 100% equity held by the company[18]. - The Kunming South High-Speed Railway Station Comprehensive Development Project, with a 30% equity stake, aims to develop a 65,000 square meter site into a medical and commercial hub with a total development area of approximately 550,000 square meters, expected to start in 2020 and operate in the second half of 2023[19]. Occupancy and Rental Performance - The Ascot Mall in Hong Kong, with a 64.56% equity stake, maintained a 100% occupancy rate in the first half of 2020, showing resilience against the impact of the COVID-19 pandemic[20]. - The West Plaza, with a 51% equity stake, is undergoing a major renovation expected to complete in mid-2021, with an occupancy rate of 89% in the first half of 2020[21]. - The Shun Yi Mall, with a 51% equity stake, has an average occupancy rate of 52% during the pandemic, with rental concessions provided to support tenants[22]. - The Star Plaza in Macau, with a 50% equity stake, opened in April 2020 and aims to achieve an average occupancy rate of at least 80% by the end of 2020, despite a challenging retail environment[24]. - The Shun Tak Fortress in Macau maintained a 100% occupancy rate, with rental concessions provided to long-term tenants due to a significant drop in visitor numbers[26]. - The average occupancy rate of the Guangzhou Xinde Business Tower project reached 96%, contributing to stable revenue for the group[28]. Transportation and Hotel Sector Impact - The transportation department experienced a 90% year-on-year decline in passenger volume, with only 500,000 passengers carried in the first half of 2020, resulting in a loss of HKD 275 million[30]. - The transportation department implemented cost control measures, reducing operating expenses by 50% year-on-year in the first half of 2020[31]. - The hotel and leisure sector recorded a 99% year-on-year drop in inbound travelers, leading to a loss of HKD 128 million in the first half of 2020[32]. - The Hong Kong SkyCity Marriott Hotel saw a 61% year-on-year decline in revenue, with an average occupancy rate of 35% during the pandemic[33]. - The average occupancy rate of the Mandarin Oriental, Macau dropped to 14% due to the cancellation of group bookings[34]. - The Luhuan Seaview Resort Hotel achieved an average occupancy rate of 43%, benefiting from local tourism and government rental for medical observation purposes[36]. - The group anticipates a recovery in the transportation sector as travel restrictions ease, with plans to leverage the Greater Bay Area's development opportunities[31]. - The group is focusing on promoting wedding and local dining services to offset losses from inbound tourism[35]. Financial Position and Capital Management - As of June 30, 2020, the group's bank balance and deposits amounted to HKD 8,984 million, a decrease of HKD 3,297 million compared to December 31, 2019[50]. - The group's capital and debt ratio was 27.6% as of the mid-term, up from 17.3% on December 31, 2019[50]. - The group has maintained a strong financial position despite the challenging operating environment due to the pandemic[49]. - The group is focused on cost control and maintaining cash flow during the ongoing economic challenges[49]. - The group anticipates significant downward pressure on retail rents and challenges in tenant renewals[49]. - The group’s financial risk management strategy aims to minimize currency and interest rate risks, with approximately 90% of bank deposits and cash held in HKD, MOP, and USD[54]. - The group’s non-current assets totaled HKD 34,665,571,000 as of June 30, 2020, an increase from HKD 33,610,409,000 at the end of 2019[60]. - Current liabilities decreased to HKD 7,809,143,000 from HKD 15,841,874,000, reflecting a significant reduction in short-term obligations[61]. - Total equity as of June 30, 2020, is HKD 38,435,645, a decrease from HKD 40,460,592 as of December 31, 2019, representing a decline of approximately 5.0%[62]. Shareholder and Governance Information - The total number of issued and fully paid ordinary shares remained at 3,021,479,785 as of June 30, 2020, unchanged from the previous year[109]. - The company has not proposed any changes to its dividend policy despite the financial downturn[63]. - The company did not declare an interim dividend for the six months ended June 30, 2020, consistent with the previous year[98]. - The board believes it has complied with all provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and CEO[151]. - The company has four independent non-executive directors providing independent advice and opinions[151]. - The company has received a qualified conclusion from its external auditor regarding the unaudited interim financial statements for the six months ended June 30, 2020[154]. Investment and Acquisitions - The group completed the acquisition of 450 A shares and 450 B shares of Shun Tak Centre for a total consideration of HKD 2,387 million[51]. - The group acquired 30% of the issued ordinary shares, redeemable preference shares, and subordinated bonds of Perennial Somerset Investors Pte. Ltd. for SGD 157 million (approximately HKD 854 million)[52]. - The group completed a restructuring of its transportation business on July 16, 2020, with the performance and assets of the subsidiary continuing to be included in the transportation segment[88]. - The company completed a restructuring agreement on March 6, 2020, involving the sale of 21% of the issued share capital of a subsidiary for HKD 421,805,000 and the acquisition of another subsidiary for HKD 495,687,000[105]. - The group has ongoing construction projects and is preparing to launch pre-sales for significant projects in Zhuhai and Singapore[49]. - The group is actively seeking investment opportunities outside of China to expand its business in the Asia-Pacific region[41].

Real Estate Development - The group has a significant presence in the Macau real estate market, being one of the largest listed companies with substantial development floor area[8]. - The group is actively expanding its real estate business in Greater China, with projects in Beijing, Shanghai, Zhuhai, Tianjin, and Yunnan[8]. - A joint venture with Abu Dhabi Investment Authority is developing a large shopping center in Macau, expected to serve as a community hub[8]. - The group has established a strategic partnership with Pramerica Real Estate Holdings to develop large-scale healthcare-focused projects along high-speed rail lines in China[9]. - The Shanghai Qiantan project is a joint venture with Shanghai Lujiazui Group, aiming to create a mixed-use development with office buildings, retail facilities, and a five-star hotel[9]. - The group is developing a landmark integrated project in Hengqin, which will include office buildings, retail facilities, hotels, and residential units[9]. - The group is developing a comprehensive project in Tongzhou, Beijing, which will combine retail, office, and serviced apartments[8]. - The company acquired a 40% stake in a comprehensive development project in Jing'an District, Shanghai, covering approximately 24,913 square meters with a total buildable area of about 329,000 square meters[10]. - The company is actively expanding its business in Singapore, acquiring multiple high-potential projects, including a premium commercial development at 111 Somerset Road with a building area of approximately 76,655 square feet[10]. - The company successfully secured two residential redevelopment properties in Singapore's prime area in 2018, planning to develop them into luxury apartments[10]. - The total floor area of the final phase of the luxury residential project in Macau, called The Waterside, exceeds 655,000 square feet[8]. - The group has a strong portfolio of iconic residential projects in Hong Kong, including Po Choi Court and The Summit[8]. - The group plans to launch pre-sales for residential units in the Hengqin and Luhuan port comprehensive development projects in 2020, depending on market conditions[30]. - The group aims to focus on multiple large-scale overseas development projects in the future[30]. - The group has a 100% stake in a new luxury residential project in Singapore, covering approximately 100,200 square feet, with 14 units expected to launch in 2020 and construction completion in 2022[38]. - The group has completed various property developments, including the residential project "Ho Man Tin" with a completion rate of 51%[98]. - The company has ongoing projects in Beijing Tongzhou District with a commercial and office area of 318,197 square meters, currently at 24% completion[103]. - In Zhuhai Hengqin New Area, a commercial project is 70% complete with an area of 135,659 square meters[103]. - The company is developing a hotel and commercial project in Tianjin with a total area of 330,219 square meters, currently at 30% completion[103]. - In Singapore, the company has a commercial project at 111 Somerset Road, which is 70% complete with an area of 47,771 square meters[103]. - The company has acquired land in Macau with a total area of 110,204 square meters, designated for commercial and residential use, currently at 100% completion[104]. - The company has a total land reserve of approximately 555,358 square meters for various uses including hotels and elder care facilities, with 30% of the design phase completed[109]. - In Singapore, the company is developing residential projects at 13,187 square meters and 9,507 square meters, both at 100% completion in the design phase[110]. - The company has a commercial property in Hong Kong at 20,616 square meters, with a 51% ownership stake, expected to be completed by 2030[112]. - The company has ongoing projects in Macau, including a staff dormitory and factory, both at 100% ownership[112]. Transportation and Tourism - The transportation segment operates three key passenger terminals in the Pearl River Delta region, enhancing multi-modal transport connectivity[11]. - The company manages a fleet of 141 buses under its subsidiary, providing cross-border passenger services between Macau and mainland cities[11]. - The company launched the "Macau Sea Tour" in 2018, offering customized sightseeing services, enhancing its tourism offerings[11]. - The group reported a 39% year-on-year decline in passenger volume for its ferry services, totaling 7.9 million passengers, resulting in a loss of HKD 122 million for the year[52]. - The transportation sector faced significant challenges in 2019, with a decline in passenger volume due to political instability in Hong Kong and the impact of COVID-19, leading to a suspension of all ferry services from February 2020[74]. - The company launched a new cross-border car service, enhancing transportation options for travelers between Hong Kong and Macau[27]. - The group managed 178 cruise ships at the Kai Tak Cruise Terminal in 2019, accounting for 90% of Hong Kong's total cruise passenger volume[72]. Financial Performance - The company reported a significant increase in revenue, achieving a year-over-year growth of 15%[19]. - The company has set a revenue guidance of $500 million for the next quarter, reflecting a 10% growth expectation[19]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[20]. - The company is investing $30 million in research and development for new technologies aimed at enhancing user experience[19]. - Market expansion plans include entering three new countries by the end of the fiscal year, targeting a 25% increase in market share[20]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[19]. - Operational efficiency improvements are projected to reduce costs by 5% over the next year[20]. - The company aims to enhance its digital marketing strategy, expecting a 15% increase in customer engagement[19]. - The company's revenue for 2019 was HKD 14,649,184,000, a significant increase from HKD 6,591,582,000 in 2018[23]. - Profit attributable to shareholders decreased to HKD 3,455,796,000 in 2019 from HKD 4,647,326,000 in 2018, representing a decline of approximately 25.7%[23]. - The total equity value increased to HKD 40,460,592,000 in 2019, up from HKD 39,649,326,000 in 2018[23]. - Basic earnings per share for 2019 were HKD 1.143, down from HKD 1.534 in 2018[23]. - The company declared a dividend of HKD 0.18 per share for 2019, compared to HKD 0.16 per share in 2018, reflecting a 12.5% increase[23]. - The group reported a profit attributable to shareholders of HKD 3.45 billion for the year ended December 31, 2019, down from HKD 4.64 billion in 2018[30]. - The group reported a pre-tax profit of HKD 5,880 million, a 5% increase from the previous year[124]. - The group experienced a significant decrease in hotel and leisure segment, with losses of HKD 220 million, compared to a loss of HKD 35 million the previous year[123]. - The group’s cash and cash equivalents at year-end were HKD 12,281 million, a decrease of HKD 2,037 million from the previous year[126]. - The company's distributable reserves as of December 31, 2019, amounted to HKD 6,985,674,000, an increase from HKD 4,428,382,000 in 2018[136]. - The group donated a total of HKD 901,000 for charitable and public purposes during the year, a decrease from HKD 9,012,000 in 2018[137]. - The group has no issued bonds as of December 31, 2019, and no stock-linked agreements were established during the year[138]. - The top five suppliers accounted for 57.4% of the total procurement, with the largest supplier representing 26.8%[139]. - The group has established systems and procedures to ensure compliance with relevant laws and regulations affecting its operations[133]. Corporate Governance and Social Responsibility - The company has maintained a high level of corporate governance and has been a constituent of the Hang Seng Sustainable Development Index since its launch in 2011[169]. - The company received an "AA" rating from the Hong Kong Quality Assurance Agency for its sustainable development capabilities[169]. - The board of directors consists of nine members, with 55.56% being executive directors and 44.44% independent non-executive directors[173]. - The company has adopted a board diversity policy since 2013, considering factors such as gender, age, cultural background, and professional experience[175]. - The company has established a sustainability steering committee to oversee strategies related to sustainable development[196]. - The company has committed to publishing an annual sustainability report since 2014, reflecting its dedication to sustainable business growth[196]. - The group has been recognized for its corporate social responsibility efforts, receiving the "Caring Company" logo from the Hong Kong Council of Social Service for 14 consecutive years[83]. - The group participated in 142 community service projects, with a total of 4,955 hours of volunteer service benefiting 8,165 individuals[82]. - The group has been involved in the "Caring for the Elderly" community service program, providing daily necessities and gifts to elderly residents in Kwun Tong and Lam Tin[90]. - The group organized a one-day trip to Macau for elderly residents from Tuen Mun, enhancing their understanding of Macau's role in the Greater Bay Area[90]. - The group has supported local artists by hosting exhibitions and workshops at the Shun Tak Centre since 2018, showcasing their creativity through seasonal themes[96]. - The group has actively participated in the "Autism Awareness Month" since 2012, including lighting up the Macau Tower in blue and sponsoring events for autistic artists[95]. - The group has been involved in fundraising activities, with approximately 50 employees participating in the Hong Kong Community Chest charity walk, raising funds for family and child welfare services[93]. - The group raised MOP 10,808 through street sales for the Oxfam Rice Sale campaign, receiving the "Outstanding Fundraising Award" in 2019[94]. - The company has ongoing projects in Macau, including a staff dormitory and factory, both at 100% ownership[112]. Market and Strategic Initiatives - The group is actively exploring new business opportunities in the Greater Bay Area through strategic product positioning and investments in cross-border land transport services[52]. - The group is focusing on developing high-growth customer segments in the Greater Bay Area amid an unclear operating environment[68]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[19]. - The company is actively reviewing the planning of allocated land parcels to maximize long-term benefits[115]. - The company has adopted a share option scheme approved by shareholders on June 6, 2012, allowing directors to grant options to eligible persons[155]. - The company has no significant transactions or agreements with directors or their related entities that directly or indirectly hold significant interests in the company's business[148]. - The company has no other significant interests held by directors in any competing businesses during the year[149]. - The company has a clear governance structure with defined responsibilities for various committees, including the remuneration and nomination committees[192]. - The board believes that the current structure provides a sufficient balance of power and authority, despite the roles of chairman and CEO being held by the same individual[169]. - The company has established a policy and procedures for disclosing inside information to ensure timely and equal dissemination[200]. - The executive committee is authorized by the board to monitor the inside information policy and assess the nature and significance of relevant information[200]. - An inside information task force has been established to assist the executive committee with disclosure matters[200]. - Training will be provided for senior officers and employees who are likely to handle inside information[200].

Financial Performance - The unaudited consolidated profit attributable to owners for the six months ended June 30, 2019, was HKD 3,409 million, a significant increase from HKD 307 million in 2018[6]. - The profit attributable to owners after adjusting for unrealized fair value changes from investment properties was HKD 3,404 million, compared to HKD 186 million in 2018[6]. - Basic earnings per share for the period were HKD 1.127, up from HKD 0.101 in 2018[6]. - The group reported a total revenue of HKD 11,809,371,000 for the six months ended June 30, 2019, compared to HKD 1,995,986,000 for the same period in 2018, representing a significant increase[58]. - Operating profit for the same period was HKD 5,904,755,000, a substantial rise from HKD 558,380,000 in 2018[58]. - The net profit for the period was HKD 4,961,972,000, compared to HKD 492,815,000 in the previous year, indicating a strong growth[58]. - The total comprehensive income for the period was HKD 4,316,958,000, compared to HKD 1,235,316,000 in 2018, showing a significant increase[60]. Real Estate Development - The real estate segment recorded a profit of HKD 58,430 million for the first half of 2019, a substantial increase from HKD 17,900 million in the same period of 2018[8]. - The group delivered nearly 900 completed units from the residential development project in Macau, contributing to the profit recognition[8]. - The group has ongoing diversified real estate projects in China and Singapore, with most expected to launch in 2020[8]. - The Beijing Tongzhou comprehensive development project is expected to be completed in two phases in 2022 and 2023, with a total retail space of approximately 250,000 square meters[10]. - The Shanghai Qiantan comprehensive development project will include a five-star hotel with around 200 rooms, expected to be completed in 2023[11]. - The Hengqin comprehensive development project is progressing well, with a total site area of 23,834 square meters and expected to be pre-sold in 2020[12]. Hotel and Leisure Operations - The hotel and leisure division reported a loss of HKD 25 million in the first half of 2019, compared to a loss of HKD 8 million in the same period of 2018[32]. - Hong Kong SkyCity Marriott Hotel achieved a 19% year-on-year increase in revenue from its conference and exhibition business, leveraging its proximity to the AsiaWorld-Expo[33]. - The average occupancy rate of the Mandarin Oriental Macau reached approximately 74%, with an average room rate exceeding MOP 2,000[34]. - The average occupancy rate for the Luhuan Seaview Resort Hotel remained above 70% during the reporting period[35]. - The average occupancy rate of the Ascot Mall reached 100% in H1 2019 after expanding the number and variety of shops[18]. Transportation Services - The total passenger volume for the Hong Kong-Macau ferry service dropped by 32% year-on-year to 4.6 million in H1 2019, resulting in a loss of HKD 70 million[28]. - The new Taipa ferry route was launched in March 2019 to capture potential customers from the upcoming Macau Light Rail, with plans to expand services to new tourist attractions[29]. - Jetfoil partnered with Octopus to enhance ferry services and promote the "eBoarding" mobile app, aiming to expand regional and international markets[30]. - As of June 30, 2019, the company recorded revenue of HKD 70 million from its cross-border bus services, operating a fleet of 142 vehicles[31]. Financial Position and Commitments - As of June 30, 2019, the group's bank balances and deposits totaled HKD 17,111 million, an increase of HKD 2,793 million from December 31, 2018[51]. - The group's net debt at the end of the reporting period was HKD 897 million, with a capital-to-debt ratio of 2.5%[51]. - The group's capital commitments not yet fulfilled amounted to approximately HKD 557 million as of June 30, 2019[51]. - The maturity profile of the group's borrowings shows that 54% is due within one year, 13% within one to two years, 31% within two to five years, and 2% beyond five years[52]. - The company reported a significant increase in inventory, which rose to HKD 12,410,710 thousand from HKD 7,626,127 thousand, reflecting a growth of 62.5%[61]. Shareholder Activities - The company repurchased a total of 2,296,000 shares during the period, with a total expenditure of HKD 7,079,000[122]. - The highest price paid per share during the repurchase was HKD 3.12, while the lowest was HKD 3.01[156]. - The company believes that the share repurchase enhances the net asset value and earnings per share for shareholders[155]. - The interim dividend for the six months ended June 30, 2019, was zero, consistent with the previous year[111]. Accounting Standards and Financial Reporting - The adoption of HKFRS 16 "Leases" began on January 1, 2019, significantly changing the accounting treatment for leases, requiring recognition of right-of-use assets and lease liabilities on the balance sheet[86]. - The transition to HKFRS 16 did not require adjustments to the opening balance of retained earnings as the company opted for a modified retrospective approach[90]. - The impact of the new lease standard did not have a significant effect on the company's performance overall[88]. - The company will recognize lease payments related to short-term leases and low-value asset leases on a straight-line basis in the income statement[89]. Investment and Asset Management - The investment department reported a profit of HKD 89 million, up 20% from HKD 74 million in the first half of 2018, due to dividends from the group's stake in Macau's gaming operator[46]. - The fair value change of investment properties was HKD 5,836,899 for the six months ended June 30, 2019, compared to HKD 430,810 in the same period of 2018[106]. - The fair value of equity investments in a Macau-based company was adjusted to HKD 3,862,749,000 as of December 31, 2018, from HKD 2,483,726,000[83]. - The total value of financial assets as of June 30, 2019, was HKD 3,564,188,000, with first-level assets valued at HKD 473,644,000[135].

Financial Performance - The group reported a significant increase in revenue, achieving a total of HKD 5.2 billion, representing a 12% year-over-year growth[9]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[22]. - The company's revenue for 2018 was HKD 6,591,582,000, an increase from HKD 6,388,505,000 in 2017, representing a growth of approximately 3.2%[28]. - Profit attributable to the company's owners surged to HKD 4,647,326,000 in 2018, compared to HKD 1,450,160,000 in 2017, marking a significant increase of approximately 220%[28]. - The total assets value reached HKD 37,165,600,000 in 2018, up from HKD 33,018,756,000 in 2017, indicating a growth of about 12.9%[28]. - Basic earnings per share for 2018 were HKD 153.4, a substantial rise from HKD 47.7 in 2017, reflecting an increase of approximately 221%[28]. - The group reported a net profit attributable to shareholders for 2018 of HKD 4,6647 million, compared to HKD 1.45 billion in 2017, representing a significant increase[34]. - The group's net cash position increased by HKD 3,969 million, compared to a decrease of HKD 585 million in the previous year[112]. Market Expansion and Strategy - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 15%[10]. - The group is expanding its market presence in Southeast Asia, targeting a 20% increase in market share within the next two years[10]. - Market expansion plans include entering two new international markets by the end of the fiscal year, targeting a 30% increase in market share[23]. - The company is actively pursuing strategic acquisitions to enhance its portfolio, with a budget of up to HKD 1 billion allocated for potential mergers[9]. - The group is continuously evaluating the development plans for the South Bay area in Macau due to uncertainties in local government planning[44]. Product Development and Innovation - New product launches are expected to contribute an additional HKD 500 million in revenue, with a focus on innovative technology solutions[9]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[25]. - Research and development investments have increased by 25%, focusing on sustainable practices and advanced technologies[10]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[22]. Customer Engagement and Satisfaction - User data indicated a rise in customer engagement, with a 15% increase in active users across the group's platforms[10]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[10]. - A new marketing strategy has been implemented, focusing on digital channels, which is anticipated to increase customer engagement by 40%[25]. Real Estate and Development Projects - The group has a significant presence in the Macau real estate market, being one of the largest Hong Kong-listed companies with available floor area in Macau[11]. - The group is actively expanding its real estate business in Greater China, with investment projects in Beijing, Shanghai, Zhuhai, and Yunnan, among others[11]. - The group has acquired multiple premium development projects in Singapore, including two residential properties in prime locations, with plans to develop luxury apartments[11]. - The group is developing a landmark integrated project in Beijing, combining retail, office buildings, and serviced apartments along the Grand Canal[11]. - The group is collaborating with Abu Dhabi Investment Authority to develop a shopping center in Taipa, which will serve as a community hub[11]. Corporate Social Responsibility - The company is committed to corporate social responsibility initiatives, with a budget increase of 30% for community engagement programs[9]. - The company has supported over 10,000 primary school students by donating books through the "Jetfoil Charity Variety Show" since 2012[85]. - The group raised a total of HKD 9,012,000 in charitable donations during the fiscal year[87]. - The group has implemented energy-saving policies, including a plan to reduce electricity consumption in its Hong Kong office[87]. - The company has been promoting reading among the younger generation by donating books to 33 schools in Macau[85]. Operational Efficiency and Cost Management - The group plans to enhance its operational efficiency, aiming for a 5% reduction in operational costs over the next year[9]. - The company reported a net profit margin of 20%, up from 18% in the previous year, indicating improved operational efficiency[22]. - The transportation division experienced a decline in operating profit due to a significant rise in fuel prices and passenger volume drop caused by the opening of the Hong Kong-Zhuhai-Macao Bridge[51]. Challenges and Risks - The group faces direct competition from the Hong Kong-Zhuhai-Macao Bridge, which has impacted ferry passenger traffic and revenue[120]. - The group is experiencing a labor shortage in the ferry business due to a lack of qualified personnel in Hong Kong and restrictions on non-resident labor in Macau[124]. - The group is subject to various legal and regulatory requirements, including compliance with health, safety, and environmental regulations, which could lead to operational disruptions if not adhered to[119]. Governance and Compliance - The company has established systems and procedures to ensure compliance with relevant laws and regulations affecting its operations[136]. - The board consists of nine members, with five executive directors accounting for 55.56% and four independent non-executive directors making up 44.44%[182]. - The company has adopted a board diversity policy since 2013, considering factors such as gender, age, cultural background, and professional experience to enhance performance[184]. - The company has implemented a compliance manual and code of conduct for employees and directors, promoting ethical standards[198].