Group 1 - The core issue involves a significant lawsuit against *ST Haiyuan, with a claim amounting to 32,650,257.43 yuan due to a sales contract dispute [1] - The lawsuit was initiated by Suzhou Hongruida New Energy Equipment Co., Ltd. after *ST Haiyuan's subsidiary failed to pay approximately 30,785,792.36 yuan in owed payments [1] - The company has faced a total of 25 lawsuits and arbitration cases in the past twelve months, with a cumulative amount involved of about 25,331,100 yuan, representing 8.70% of the company's latest audited net assets [2] Group 2 - The company currently has bank accounts and assets frozen due to litigation, with the actual frozen amount being approximately 11,981,400 yuan [2] - There are ongoing enforcement actions for some cases, with a total enforcement amount of about 12,320,500 yuan [2] - The impact of these lawsuits on the company's current and future profits remains uncertain, pending the results of annual audits [2]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 101,993,615, an increase of 2% from HKD 99,223,674 in the same period last year[9]. - Gross profit for the same period was HKD 36,103,968, up from HKD 32,328,359, reflecting a gross margin improvement[9]. - The company reported a loss before tax of HKD 31,497,138 compared to a profit of HKD 6,124,096 in the previous year[12]. - The net loss attributable to the company’s owners for the period was HKD 33,835,273, compared to a profit of HKD 5,663,003 in the prior year[12]. - Basic and diluted loss per share was HKD 15.0, a significant decrease from HKD 2.5 in the previous year[12]. - Total comprehensive loss for the period was HKD 31,083,179, compared to a total comprehensive income of HKD 2,691,575 in the previous year[14]. - The company reported a loss attributable to owners of HKD 33,835,273, compared to a profit of HKD 5,663,003 in the previous period[64]. - The group reported a loss attributable to owners of HKD 33,800,000, compared to a profit of HKD 5,700,000 in the previous period, primarily due to a fair value loss of investment properties amounting to HKD 34,700,000[116]. Cash Flow and Assets - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 19,792,462, a decrease of 36% compared to HKD 30,886,122 for the same period in 2023[26]. - The company reported a net cash inflow from financing activities of HKD 11,484,560 for the six months ended September 30, 2024, contrasting with a cash outflow of HKD 47,789,170 in the previous year[26]. - The company's cash and cash equivalents at the end of the period were HKD 52,761,895, up from HKD 41,844,128 at the beginning of the period, marking an increase of 26%[26]. - As of September 30, 2024, total assets amounted to HKD 1,497,711,018, an increase from HKD 1,465,248,868 as of March 31, 2024, reflecting a growth of approximately 2%[19]. - The total bank loans secured by the company were HKD 316,854,810 as of September 30, 2024, compared to HKD 331,461,099 as of March 31, 2024, indicating a reduction in debt[90]. - The total bank loans secured by the group's subsidiaries and assets amount to HKD 504,706,999, an increase from HKD 479,338,826 as of March 31, 2024[94]. Liabilities and Equity - Total liabilities decreased to HKD 383,078,271 as of September 30, 2024, from HKD 319,532,942 as of March 31, 2024, indicating an increase of approximately 20%[19]. - The total liabilities of the group as of March 31, 2024, were HKD 576,448,057, compared to HKD 489,604,142 in the previous year, indicating an increase of approximately 17.73%[45]. - The total equity attributable to owners decreased to HKD 1,104,119,857 as of September 30, 2024, from HKD 1,135,612,393 as of March 31, 2024, indicating a decline of about 3%[19]. - The group’s equity attributable to owners was HKD 1,104,100,000 as of September 30, 2024, down from HKD 1,135,600,000 on March 31, 2024[129]. Operational Highlights - The hotel operations business has been suspended since June 1, 2020, for renovation and expansion, impacting revenue generation in that segment[41]. - The hotel division is undergoing significant renovations, with structural work expected to be completed by July 2024, followed by a hotel license application in December 2024[141]. - The occupancy rate for serviced offices and shared workspaces has steadily increased since Q2 2024 due to recent economic recovery[139]. - The company plans to expand the area and capacity of shared workspaces in response to growing demand for flexible desks[139]. Investments and Fair Value - The company experienced a loss from the fair value changes of investment properties amounting to HKD 34,662,900, contrasting with a gain of HKD 10,348,000 in the previous year[9]. - The fair value loss on investment properties for the period was HKD 193,949,870, contributing to a decrease in the carrying value of investment properties to HKD 646,028,868[66]. - The fair value of financial assets through profit or loss as of September 30, 2024, is HKD 27,771,800, an increase from HKD 21,646,350 as of March 31, 2024[108]. Management and Governance - The audit committee consists of four independent non-executive directors and two non-executive directors, ensuring oversight of the interim results[164]. - The company has appointed new members to its board and committees, enhancing governance[171]. - The report indicates a focus on maintaining shareholder value and corporate governance practices[164]. Market Outlook - The group remains cautiously optimistic about the leasing and investment sectors despite ongoing geopolitical tensions and high interest rates in the Hong Kong real estate market[136]. - The market sentiment has turned optimistic, with expectations of improved performance in the securities business in the second half of the fiscal year due to a reduction in interest rates and stronger corporate earnings[144].

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 101,993,615, an increase from HKD 99,223,674 in the same period last year, representing a growth of approximately 2%[3] - The gross profit for the same period was HKD 36,103,968, compared to HKD 32,328,359 in the previous year, indicating a year-on-year increase of about 11.5%[3] - The company recorded a loss before tax of HKD 31,497,138, a significant decline from a profit of HKD 6,124,096 in the previous year[3] - The net loss attributable to the company's owners for the period was HKD 33,558,777, compared to a profit of HKD 4,827,348 in the same period last year[3] - The segment performance for property investment, development, and hotel operations reported a loss of HKD 40,174,870, compared to a profit of HKD 8,500,883 in the previous year, indicating a significant decline[27] - Revenue from external customers in Hong Kong was HKD 25,390,116 for the six months ended September 30, 2024, down from HKD 26,489,706 in 2023, reflecting a decrease of about 4.2%[30] - The company reported a pre-tax loss of HKD 31,497,138 for the six months ended September 30, 2024, compared to a profit of HKD 6,124,096 in the same period of 2023[27] - The company reported a loss attributable to owners of HKD 33,835,273, compared to a profit of HKD 5,663,003 in the previous year[41] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 1,346,082,201, slightly down from HKD 1,348,024,207 as of March 31, 2024[7] - The company's total liabilities increased to HKD 383,078,271 from HKD 319,532,942, indicating a rise of approximately 20%[9] - The net asset value as of September 30, 2024, was HKD 1,114,632,747, down from HKD 1,145,715,926 as of March 31, 2024[9] - Trade and other receivables rose significantly to HKD 176,994,554 from HKD 101,584,637, marking an increase of about 74%[7] - The total trade payables increased to HKD 146,016,139 as of September 30, 2024, from HKD 69,835,583 as of March 31, 2024[61] - The company's equity attributable to owners was HKD 1,104,100,000 as of September 30, 2024, down from HKD 1,135,600,000 as of March 31, 2024[76] Cash Flow and Financial Costs - The company's cash and cash equivalents increased to HKD 52,761,895 from HKD 41,844,128, reflecting a growth of approximately 26%[7] - Total financial costs increased to HKD 10,938,072 from HKD 9,702,712, primarily due to higher interest expenses on bank loans, which rose to HKD 9,727,380 from HKD 6,178,276[34] - The company incurred an income tax expense of HKD 2,061,639 for the period, compared to HKD 1,296,748 in the previous year, indicating an increase of approximately 59%[27] Investments and Equity - The company reported a loss from the equity of an associate amounting to HKD 15,223,125, which was not present in the previous year[3] - The company’s equity loss from joint ventures was HKD 15,223,125, with no prior year comparison provided[27] - The company experienced a loss of HKD 15,200,000 from the deemed disposal of part of its investment in Titan Dragon, reducing its equity stake from 28% to 24.5%[79] Operational Highlights - Revenue from the production and distribution of plastic packaging materials was HKD 88,467,984 for the six months ended September 30, 2024, up from HKD 85,607,141 in 2023, marking an increase of about 3.4%[27] - The property investment, development, and leasing segment generated revenue of HKD 7,700,000, a 12.0% increase from HKD 6,900,000 in the previous period[66] - The production and distribution of plastic packaging materials segment recorded revenue of HKD 88,500,000, up HKD 2,900,000 or 3.3% from HKD 85,600,000 year-on-year[69] Future Outlook and Strategic Initiatives - The company is cautiously optimistic about the leasing and investment sectors in Hong Kong, despite ongoing geopolitical tensions and high interest rates[83] - The company plans to expand the area and capacity of its shared workspace in response to increasing demand for flexible office solutions[83] - The company has received preliminary approval for a redevelopment project that will add 1,216 residential units, with at least 70% of the new residential floor area designated for public housing[84] - The company anticipates improved performance in its securities business in the second half of the fiscal year due to a more optimistic market sentiment and expected policy support[89] - The company is committed to enhancing automation and digital transformation in response to emerging regulations and trends in the packaging industry[88] - The company is closely monitoring its performance and financial condition to adjust its business strategies as needed in the face of global instability[82] Shareholder Information - The company did not declare any interim dividends for the reporting period, consistent with the previous year[40] - The board of directors decided not to recommend any interim dividend for the reporting period (previous reporting period: none) [95] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's shares during this period [96] - The interim results announcement is available on the Hong Kong Stock Exchange website and the company's website [97]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% growth compared to the previous year[1]. - The company reported a net profit margin of 15%, up from 12% in the previous year, indicating improved operational efficiency[1]. - Cash flow from operations increased by 30%, reaching $80 million, providing a strong liquidity position for future investments[1]. - The company's revenue for the fiscal year ending March 31, 2024, was HKD 192.7 million, a decrease of HKD 45.8 million or 19.2% compared to HKD 238.5 million for the previous fiscal year[22]. - The profit attributable to the company's owners was HKD 56.4 million, an increase of HKD 28.6 million or 103.0% from HKD 27.8 million in the previous fiscal year[22]. - The pre-tax profit for the group was HKD 60.2 million, compared to HKD 32.0 million in the previous fiscal year[22]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[1]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[1]. - New product launches contributed to 30% of total revenue, with the introduction of two major products in the last quarter[1]. - The board announced a new strategy to enhance customer engagement, aiming for a 40% increase in customer retention rates[1]. Research and Development - Research and development expenses increased by 18%, totaling $50 million, focusing on innovative technologies[1]. Acquisitions and Investments - The company completed a strategic acquisition of a competitor, enhancing its market position and expected to generate an additional $20 million in revenue[1]. - The company's subsidiary received approval for a residential development project, which will add 1,212 new housing units, with at least 70% designated for public housing or first-time homebuyers[38]. Operational Challenges - The hotel operations have been under renovation since June 1, 2020, and have not generated any revenue during the reporting period[32]. - Revenue from the production and distribution of plastic packaging materials decreased to HKD 166,600,000, down by HKD 46,700,000 or 21.9% from HKD 213,300,000 in the previous year[33]. - The operating loss for the property investment segment was HKD 6.0 million, an increase in loss of HKD 3.4 million or 130.8% compared to HKD 2.6 million in the previous fiscal year[30]. Risk Management - The company emphasizes effective risk management as crucial for long-term growth and sustainability, integrating it into strategic, operational, and financial management[97]. - The company has implemented a comprehensive risk management strategy, assessing risks across 16 categories affecting financial performance, reputation, health and safety, legal compliance, and business objectives[104]. - The company actively manages liquidity risk to maintain sufficient cash flow for operations, with daily reviews of liquidity status by the finance department[106]. - The company faces medium-level risks related to investment strategies, particularly due to external factors like the COVID-19 pandemic impacting returns on acquisitions and investments[104]. Corporate Governance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules, ensuring transparency and accountability[57]. - The board of directors consists of eleven members, with a balanced mix of executive and non-executive directors, and held eight meetings during the year[59]. - The company has established a remuneration committee consisting of three independent non-executive directors, one executive director, and one non-executive director, with Mr. Guo Liang as the chairman[76]. Environmental and Social Responsibility - The company has developed an environmental protection policy and established an environmental committee to monitor and improve its environmental impact[111]. - The company emphasizes environmental protection and has implemented policies to promote environmental health and safety management, including a carbon reduction plan[194]. - The company continues to introduce advanced pollution control equipment to reduce energy and resource consumption[194]. Shareholder Information - The board proposed a final dividend of HKD 0.03 per ordinary share, consistent with the previous fiscal year[23]. - The company reported a final dividend of HKD 0.03 per ordinary share for the year ending March 31, 2024, consistent with the previous year[145]. - The company's available reserves for distribution as of March 31, 2024, amounted to HKD 333,964,191, a decrease from HKD 339,815,377 in the previous year[154].

Financial Performance - The company's annual profit for the year ending March 31, 2024, was HKD 55,871,825, a significant increase from HKD 29,027,941 in the previous year, representing an increase of 92.5%[3] - Total comprehensive income for the year was HKD 72,494,147, compared to HKD 12,532,755 in the previous year, marking a substantial increase of 478.5%[3] - Basic and diluted earnings per share increased to HKD 25.0 from HKD 12.3, representing a growth of 103.3%[6] - The total comprehensive income attributable to the company's owners was HKD 73,261,335, compared to HKD 11,993,968 in the previous year, showing an increase of 510.5%[3] - The annual profit attributable to the year was HKD 55,871,825, compared to HKD 29,027,941 in the previous year, representing an increase of 92.5%[42] - The group reported a profit attributable to shareholders of HKD 56.4 million, an increase of HKD 28.6 million or 103.0% from HKD 27.8 million in the previous fiscal year, primarily due to net gains from an associated company of approximately HKD 262.6 million[138] Revenue and Sales - Revenue for the year was HKD 192,687,470, down from HKD 238,533,661 in the previous year, indicating a decrease of 19.2%[6] - The total revenue for the year ended March 31, 2024, was HKD 128,249,430, with a cost of sales amounting to HKD 128,239,013, resulting in a gross profit margin of approximately 0.01%[20] - Revenue from external customers in Hong Kong decreased to HKD 50,615,963 from HKD 57,403,498, a decline of 14.4%[44] - The total revenue from Sequin Developments was HKD 3,035,189 in 2024, down from HKD 7,856,087 in 2023, indicating a decrease of approximately 61.4%[100] - The production and distribution of plastic packaging materials reported revenue of HKD 166.6 million, a decline of HKD 46.7 million or 21.9% from HKD 213.3 million in the previous year, despite an increase in profit to HKD 21.8 million, up 6.5%[130] Assets and Liabilities - Non-current assets increased significantly to HKD 1,348,024,207 from HKD 1,169,561,797, representing a growth of approximately 15.25%[24] - Current assets decreased to HKD 287,295,861 from HKD 359,458,831, indicating a decline of about 20.06%[24] - The total liabilities decreased from HKD 1,182,323,274 to HKD 1,465,248,868, showing an increase of approximately 24.00%[25] - The net asset value increased to HKD 1,145,715,926 from HKD 1,079,984,380, which is an increase of about 6.09%[25] - The group's total assets related to trade and other receivables reached HKD 101,584,637 in 2024, up from HKD 96,587,097 in 2023, marking an increase of approximately 5.2%[68] Investment and Fair Value Changes - The company reported a loss from the fair value changes of investment properties amounting to HKD 193,949,870, compared to a profit of HKD 13,387,663 in the previous year[6] - The company's investment properties reported a fair value change loss of HKD 193,949,870, indicating significant market challenges[42] - The group reported a loss of HKD 26.3 million from the deemed disposal of part of its investment in Titan Dragon, reducing its stake from 33.22% to 28%[164] Expenses and Costs - The financial costs for the year were HKD 18,078,407, an increase from HKD 9,752,381 in the previous year, indicating an increase of 85.5%[6] - Total income tax expense for the year 2024 amounted to HKD 4,351,477, an increase from HKD 2,946,454 in 2023, reflecting a significant rise of approximately 47.8%[61] - The cost of sold inventory decreased to HKD 102,415,839 in 2024 from HKD 139,756,081 in 2023, representing a reduction of approximately 26.7%[78] - Direct operating expenses for rental income were HKD 2,135,743 in 2024, down from HKD 2,390,599 in 2023, a decrease of about 10.7%[78] Operational Changes - The company has suspended hotel operations since June 1, 2020, for renovations and expansions, impacting revenue generation[22] - Major renovations and expansion works at the Hua Guo Hotel are ongoing, with the upper structure completed in October 2023 and expected to obtain occupancy permits by Q3 2024[143] - The hotel operations segment has not generated any revenue since June 1, 2020, due to ongoing renovations and expansion[128] Corporate Governance and Strategy - The company has adopted the corporate governance code as per the listing rules, with the chairman and CEO roles currently held by the same individual, which the board believes does not compromise the balance of power[173] - The audit committee, consisting of four independent non-executive directors and two non-executive directors, reviewed the group's financial reporting procedures and risk management for the fiscal year ending March 31, 2024[177] - The company plans to cautiously review and adjust its business strategies in light of ongoing geopolitical uncertainties[142] Employee and Workforce - The group had 244 employees as of March 31, 2024, down from 270 in 2023, with compensation determined based on job nature and market conditions[165]

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 99,223,674, a decrease of 28.3% compared to HKD 138,385,192 in the same period last year[8] - Gross profit for the same period was HKD 32,328,359, down 22.4% from HKD 41,637,613 year-on-year[8] - The profit attributable to owners of the company increased to HKD 5,663,003, representing a 49.1% increase from HKD 3,798,830 in the previous year[11] - Basic and diluted earnings per share rose to HKD 2.5, up from HKD 1.7, reflecting a 47.1% increase[11] - The company’s net profit for the six months ended September 30, 2023, was HKD 5,663,003, compared to HKD 3,798,830 for the same period in 2022, reflecting a year-on-year increase of 49.2%[21] - Total revenue for the six months ended September 30, 2023, was HKD 99,223,674, a decrease of 28.3% compared to HKD 138,385,192 for the same period in 2022[48] - Revenue from the sale of goods was HKD 85,607,141, down 30.8% from HKD 123,657,078 in the previous year[48] - The company reported a loss of HKD 3,954,829 in the plastic packaging materials segment, an increase in loss from HKD 2,393,214 in the previous year[40] Assets and Liabilities - Total assets as of September 30, 2023, amounted to HKD 1,201,432,680, an increase from HKD 1,169,451,276 as of March 31, 2023[17] - The total assets of the company as of September 30, 2023, were HKD 1,473,079,165, a decrease from HKD 1,528,910,107 as of March 31, 2023[41] - The company’s total liabilities decreased to HKD 159,914,166 from HKD 346,697,354, reflecting improved financial health[17] - The total liabilities decreased to HKD 394,395,783 from HKD 447,535,150 as of March 31, 2023[41] - The total liabilities, including bank loans, amounted to HKD 234,481,617 as of September 30, 2023, compared to HKD 100,837,796 as of March 31, 2023, indicating a significant increase in liabilities[18] - The company’s reserves decreased from HKD 825,411,864 as of March 31, 2023, to HKD 824,058,056 as of September 30, 2023, a decline of approximately 0.16%[21] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 50,652,347 from HKD 98,218,450, indicating a significant reduction in liquidity[17] - Cash generated from operating activities for the six months ended September 30, 2023, was HKD 30,886,122, down from HKD 49,506,690 in the previous year, representing a decrease of 37.7%[24] - The cash and cash equivalents at the end of the period were HKD 50,652,347, down from HKD 98,218,450 at the beginning of the period, reflecting a decrease of 48.6%[24] - The current ratio improved to 1.7 as of September 30, 2023, compared to 1.0 as of March 31, 2023[91] Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[8] - The company continues to focus on property investment and development, as well as the production and distribution of plastic packaging materials, indicating ongoing strategic priorities in these sectors[27] - The company adopts a cautious approach to business development amid economic uncertainties, focusing on cost-effective strategies and prudent financing[106] Shareholder Information and Governance - As of September 30, 2023, major shareholders include Jun Yun International Limited with 59,435,758 shares (26.37%) and Xin Long Investment Limited with 38,234,000 shares (16.96%) [113] - The board of directors and the CEO held no short positions in the company or its associated entities as of September 30, 2023 [114] - The audit committee, consisting of four independent non-executive directors, reviewed the interim performance before board approval [118] - The board is composed of both executive and non-executive directors, ensuring a diverse governance structure [123] Investment and Development Activities - The company completed a renovation project converting five traditional office floors into serviced office units under the WorkCave Hong Kong brand in June 2023, expected to significantly increase revenue[98] - A subsidiary submitted a land-sharing pilot scheme application for redevelopment into residential units and an elderly care home, proposing a total gross floor area of approximately 60,000 square meters with 1,212 new housing units[98] - The hotel division is undergoing significant renovations, with the upper structure completed in October 2023 and expected to obtain occupancy permits by Q2 2024[101] Other Financial Metrics - The total income tax expense for the period was HKD 1,296,748, a decrease of 34.5% from HKD 1,975,099 in the prior year[54] - The estimated interest expense for bank loans rose to HKD 3,667,749, up 12.2% from HKD 3,269,794 in the previous year[54] - The total compensation paid to key management personnel was HKD 7,050,050 for the six months ended September 30, 2023, down from HKD 9,954,022 for the same period in 2022, a decline of 29.1%[77]

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,並明確表示概不會就因本公佈 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。 SOUTHEAST ASIA PROPERTIES & FINANCE LIMITED 華信地產財務有限公司 (於香港註冊成立之有限公司) (股份代號:252) 截至二零二三年九月三十日止六個月 中期業績公告 中期業績 華信地產財務有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然宣佈,本 公司及其附屬公司(「本集團」)截至二零二三年九月三十日止六個月(「本報告 期間」)未經審核之簡明綜合財務報告,連同二零二二年同期(「上一個報告期間」) 之比較數字如下: – 1 – 簡明綜合損益表 截至二零二三年九月三十日止六個月 | | | 截至九月三十日止六個月 | | |-----------------------------------|------|--------------------------|--------------| | | | 二零二三年 | 二零二二年 | | | | 港元 | ...

Financial Performance - The company reported a significant increase in revenue for the fiscal year 2022/23, with total revenue reaching HKD 1.2 billion, representing a 15% growth compared to the previous year[1]. - The company's revenue for the fiscal year ending March 31, 2023, was HKD 238,500,000, a decrease of HKD 35,900,000 or 13.1% compared to HKD 274,400,000 in the previous year[29]. - Profit attributable to shareholders increased to HKD 29,200,000, up HKD 2,700,000 or 10.2% from HKD 26,500,000 in the prior fiscal year[29]. - The group's pre-tax profit for the year was HKD 33,600,000, compared to HKD 30,900,000 in the previous year[23]. - The group recorded an operating loss of HKD 10,000,000 for the year, compared to an operating profit of HKD 10,600,000 in the previous year[36]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[1]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on sustainable building materials[1]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share over the next three years[1]. - A strategic acquisition of a local construction firm is anticipated to enhance operational capabilities and is expected to close by Q3 2023[1]. Research and Development - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and new technology[1]. - The company plans to implement a new digital platform aimed at improving customer engagement and operational efficiency, with an expected launch in Q4 2023[1]. Environmental, Social, and Governance (ESG) Initiatives - The company is focusing on enhancing its environmental, social, and governance (ESG) initiatives, aiming for a 50% reduction in carbon emissions by 2025[1]. - The company reported a total greenhouse gas emissions of 5,182.01 tons CO2 equivalent for the reporting period, a decrease of 4.5% from 5,426.49 tons in the previous year[199]. - The company installed a real-time energy management system to measure energy consumption and identify energy-saving opportunities[192]. - The company has implemented energy visualization LCD panels at its facilities to promote energy education among employees[192]. Corporate Governance - The company has maintained compliance with corporate governance codes throughout the fiscal year, ensuring transparency and accountability[57]. - The board of directors held eight meetings during the year, with attendance records indicating active participation from members[62]. - The company has established a remuneration committee consisting of three independent non-executive directors, one executive director, and one non-executive director, with the committee having held one meeting during the fiscal year ending March 31, 2023[75]. - The company emphasizes the importance of diversity in its board composition, considering factors such as gender, age, cultural background, and professional experience during the nomination process[81]. Risk Management - The company emphasizes the importance of effective risk management for long-term growth and sustainability, integrating it into strategic, operational, and financial management[95]. - The company has implemented a risk management strategy that evaluates 16 different risk categories affecting financial performance, reputation, health and safety, legal compliance, and business objectives[102]. - The credit risk level is assessed as medium, with measures including the establishment of a credit committee to formulate credit policies and approval processes[104]. - The company has established internal controls for regular independent reviews to ensure adherence to established policies and credit limits[104]. Employee and Workforce Management - The total number of employees as of March 31, 2023, was 270, down from 278 in the previous year[144]. - As of March 31, 2023, the company had 175 male employees and 95 female employees, resulting in a gender ratio of approximately 1.84, which is an improvement from 1.75 as of March 31, 2022[84]. - The board currently consists of 11 members, with 1 female director, representing about 9.09% female representation[83]. Financial Position - The net current assets of the group as of March 31, 2023, were HKD 12,800,000, a significant improvement from a net current liability of HKD 52,900,000 in the previous year[47]. - The cash and cash equivalents as of March 31, 2023, were HKD 98,200,000, up from HKD 83,500,000 in the previous year[47]. - The net debt-to-equity ratio for the year was 16.9%, down from 23.6% in 2022, primarily due to a reduction in bank loans and an increase in cash and cash equivalents[48]. Shareholder Returns - The board has approved a dividend payout of HKD 0.05 per share, maintaining a stable return for shareholders[1]. - The company proposed a final dividend of HKD 0.03 per share for the year ended March 31, 2023, consistent with the previous year[136]. - The available reserves for distribution as of March 31, 2023, amounted to HKD 339,815,377, an increase from HKD 292,731,849 in the previous year[145]. Market and Competition - The company faces significant competition in its operational segments, with a medium risk level, necessitating close monitoring of market competition[107]. - Marketing efforts have been strengthened to attract customers in response to changing consumer behavior, aiming to prevent revenue shrinkage[11].

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分內容而產生或因 依賴該等內容而引致之任何損失承擔任何責任。 SOUTHEAST ASIA PROPERTIES & FINANCE LIMITED 華信地產財務有限公司 (於香港註冊成立之有限公司) (股份代號:252) 截至二零二三年三月三十一日止年度 全年業績 華信地產財務有限公司(「本公司」)董事會(「董事會」)欣然宣佈本公司及其附 屬公司(統稱「本集團」)截至二零二三年三月三十一日止年度之經審核綜合業 績如下: – 1 – 綜合損益表 截至二零二三年三月三十一日止年度 | | 附註 | 二零二三年 | 二零二二年 | |---------------------------------------|----------|----------------|-------------------------| | | | 港元 | 港元 | | 收入 | 5 | 238,533,661 | 274,414,996 | | 銷售成本 | | (169,036,6 ...

Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 138,385,192, an increase from HKD 124,659,453 in the same period last year, representing a growth of approximately 11.5%[15] - The gross profit for the same period was HKD 41,637,613, slightly up from HKD 41,014,735, indicating a marginal increase of 1.5%[15] - The company recorded a pre-tax profit of HKD 6,510,506, a significant decrease from HKD 54,653,145 in the previous year, reflecting a decline of approximately 88.1%[18] - The net profit attributable to the company's owners was HKD 3,798,830, down from HKD 51,222,830, marking a decrease of about 92.6%[18] - The basic and diluted earnings per share for the period were HKD 1.7, compared to HKD 22.7 in the previous year, a decline of approximately 92.5%[18] - The total comprehensive income for the period was a loss of HKD 10,272,346, compared to a comprehensive income of HKD 53,962,016 in the previous year, reflecting a significant decline[20] Revenue Segments - The group's revenue from property investment, development, and leasing/hotel operations for the six months ended September 30, 2022, was HKD 138,385,892[47] - The revenue from the production and distribution of plastic packaging materials for the same period was HKD 124,659,453[47] - Revenue from goods sales was HKD 123,657,078, up from HKD 107,599,251, reflecting a growth of approximately 15%[61] - The plastics packaging materials segment reported revenue of HKD 123,700,000, an increase of HKD 16,100,000 compared to HKD 107,600,000 in the previous period[130] Expenses and Costs - The cost of goods sold for the period was HKD 80,912,034, compared to HKD 67,064,434 in the previous year, reflecting an increase of about 21%[72] - Total finance costs increased to HKD 3,506,426 from HKD 2,372,633, marking a rise of approximately 48%[68] - Administrative expenses rose to HKD 28,011,764 from HKD 24,877,100, an increase of approximately 8.6%[15] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 49,506,690, a significant recovery from a cash outflow of HKD 35,387,695 in the same period last year[30] - The net decrease in cash and cash equivalents for the six months ended September 30, 2022, was HKD 17,365,258, compared to a much larger decrease of HKD 96,590,694 in the prior year[30] - The company's cash and cash equivalents were HKD 61,000,000 as of September 30, 2022, down from HKD 83,500,000 as of March 31, 2022[134] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 1,150,685,174, compared to HKD 1,144,156,496 as of March 31, 2022, reflecting a slight increase of 0.5%[23] - The company's total liabilities decreased from HKD 486,245,530 as of March 31, 2022, to HKD 340,370,026 as of September 30, 2022, indicating a reduction of approximately 30%[23] - The carrying value of the group's trade and other receivables was HKD 105,627,949 as of September 30, 2022, down from HKD 154,769,751 as of March 31, 2022, indicating a decrease of 31.7%[90] Equity and Shareholder Information - The total equity attributable to owners of the company was HKD 1,053,756,492 as of September 30, 2022, compared to HKD 1,063,882,292 as of March 31, 2022, reflecting a decline of approximately 1%[25] - Major shareholders include Junyun International Limited with 26.37% ownership (59,435,758 shares) and Xinlong Investment Limited with 16.60% ownership (37,416,000 shares) as of September 30, 2022[161] - The company did not recommend any interim dividend for the reporting period, consistent with the previous year[73] Operational Insights - The group is divided into three operational segments: property investment and hotel operations, production and distribution of plastic packaging materials, and brokerage and securities financing[44] - The company is adopting a cautious approach to business development to mitigate risks and maintain healthy growth amid current market instability[141] - The group anticipates stable rental income from its diversified property portfolio despite global economic uncertainties, including inflation and geopolitical tensions[141] Risk Management - The company will continue to monitor foreign exchange risks closely and consider hedging strategies when significant risks arise[136] - The International Monetary Fund (IMF) has downgraded its economic growth forecast for the coming year, reflecting concerns over rising inflation and potential recession[146] Employee and Management Information - The group currently has 272 employees as of September 30, 2022, down from 278 on March 31, 2022[139] - The total remuneration for key management personnel increased from HKD 5,294,974 in the previous year to HKD 9,954,022, representing an increase of approximately 88.5%[113]