FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 永安國際有限公司 呈交日期： 2024年11月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00289 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 永安國際有限公司 呈交日期： 2024年11月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00289 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件 ...

| | | FF305 第 2 頁 共 7 頁 v 1.3.0 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 永安國際有限公司 呈交日期： 2024年10月31日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00289 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 永安國際有限公司 呈交日期： 2024年10月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00289 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫 ...

Financial Performance - For the six months ended June 30, 2024, the group's revenue was HKD 480.0 million, a decrease of 9.6% compared to HKD 530.8 million in 2023[8]. - The group recorded a loss attributable to shareholders of HKD 239.6 million, compared to a profit of HKD 274.2 million in 2023, primarily due to a valuation loss on investment properties of HKD 515.8 million[8]. - The basic earnings per share were HKD 0.825, down from HKD 0.943 in 2023, while the basic earnings per share excluding the valuation loss were HKD 0.870, slightly down from HKD 0.907 in 2023[8]. - The company reported a loss of HKD 242,859,000 for the six months ended June 30, 2024, compared to a profit of HKD 273,594,000 for the same period in 2023[25]. - Total comprehensive loss for the period amounted to HKD 327,177,000, a significant decrease from the total comprehensive income of HKD 184,592,000 in the previous year[25]. - The basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.825, compared to earnings of HKD 0.943 per share in 2023[24]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.32 per share, totaling HKD 92.812 million, compared to HKD 0.34 per share and HKD 98.833 million in 2023[8]. - The interim dividend declared for the six months ended June 30, 2024, is HKD 92,812,000, down from HKD 98,833,000 for the same period in 2023[59]. - The company repurchased a total of 377,000 shares at a total cost of HKD 4,489,000 during the six months ended June 30, 2024[62]. Assets and Liabilities - As of June 30, 2024, total equity was HKD 17,853.4 million, a decrease of 2.7% from HKD 18,355.8 million as of December 31, 2023[9]. - Non-current assets decreased to HKD 14,301,104,000 as of June 30, 2024, down from HKD 14,897,770,000 at the end of 2023, reflecting a decline of approximately 4%[26]. - Current assets also saw a decline, totaling HKD 14,739,693,000 compared to HKD 15,367,453,000 at the end of 2023, representing a decrease of about 4%[26]. - Total assets less current liabilities decreased to HKD 18,755,323,000 from HKD 19,306,424,000, a decline of about 3%[27]. - The company's net current assets increased to HKD 4,015,630,000, up from HKD 3,938,971,000, indicating a growth of approximately 2%[27]. - The company's total liabilities increased significantly, with trade and other payables showing a notable rise in overdue amounts[58]. Operational Performance - The department store business recorded revenue of HKD 272.2 million, a decrease of 16.6% from HKD 326.3 million in the same period of 2023[14]. - The department store business incurred an operating loss of HKD 27.0 million, compared to a profit of HKD 4.7 million in 2023, primarily due to the revenue decline[14]. - The overall retail market in Hong Kong remains challenging, with a significant decline in retail sales impacting the group's performance despite promotional efforts[13]. - The group anticipates continued challenges in the department store business for the remainder of 2024, with no signs of improvement in the local retail atmosphere[19]. Investment and Income - The group's property investment income for the six months ended June 30, 2024, was HKD 192.5 million, a slight increase from HKD 192.2 million in 2023[15]. - Revenue from commercial investment properties in Hong Kong decreased by 4.8% to HKD 143.8 million, primarily due to reduced rental rates and a slight decline in average occupancy rate to approximately 91%[15]. - The income from commercial office properties in Melbourne increased by 18.4% to HKD 49.6 million, with a stable occupancy rate of about 85%[15]. - The investment portfolio generated income of HKD 127.8 million, up from HKD 93.0 million in 2023, mainly due to unrealized gains of HKD 79.1 million from securities revalued to fair value[17]. - The total value of the investment portfolio as of June 30, 2024, was HKD 1,986.3 million, an increase from HKD 1,872.4 million as of December 31, 2023[17]. Employee and Management Costs - The group had a total of 523 employees as of June 30, 2024, down from 543 employees in 2023[18]. - Employee costs (excluding directors' remuneration) increased to HKD 94,912,000 from HKD 87,815,000 year-on-year[45]. - The total remuneration for key management personnel for the six months ended June 30, 2024, is HKD 29,462,000, compared to HKD 17,043,000 for the same period in 2023[74]. Fair Value and Accounting - The fair value loss on investment properties amounted to HKD 515,758,000, compared to a fair value gain of HKD 13,791,000 in 2023[51]. - The company expects to continue evaluating its investment properties and may adjust valuations based on market conditions[51]. - The company did not adopt any new accounting standards or interpretations that would have a significant impact on the financial statements[36]. Shareholder Information - As of June 30, 2024, the total equity held by directors in the company amounts to 3,000,000 shares, representing 1.03% of the issued voting shares[80]. - The largest shareholder, 永安國際集團有限公司, holds 180,545,138 shares, accounting for 62.249% of the issued voting shares[85]. - The total equity held by 郭志標 is 1,508,298 shares, which is 0.520% of the issued voting shares[80]. - The equity held by 郭志桁 totals 649,050 shares, representing 0.224% of the issued voting shares[80].

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 479,998,000, a decrease of 9.5% compared to HKD 530,836,000 for the same period in 2023[3] - The company reported a loss before tax of HKD 225,808,000, compared to a profit of HKD 314,608,000 in the same period last year[3] - The net loss attributable to shareholders was HKD 239,576,000, a significant decline from a profit of HKD 274,180,000 in the prior year[3] - The company reported a loss of HKD 239,576,000 for the six months ended June 30, 2024, compared to a profit of HKD 274,180,000 in the same period of 2023, indicating a significant decline in performance[6] - Total comprehensive loss for the period was HKD 327,177,000, reflecting the impact of both operational losses and valuation adjustments[6] - Basic loss per share for the six months ended June 30, 2024, was HKD 239,576,000, compared to a profit of HKD 274,180,000 for the same period in 2023[25] - The basic earnings attributable to shareholders, excluding investment property valuation losses, slightly decreased by 4.2% to HKD 252.6 million from HKD 263.7 million in 2023[32] Assets and Liabilities - Total assets less current liabilities amounted to HKD 18,755,323,000, down from HKD 19,306,424,000 at the end of 2023[5] - Non-current assets decreased to HKD 14,301,104,000 from HKD 14,897,770,000 year-on-year[5] - Total assets as of June 30, 2024, were HKD 14,457,014,000, compared to HKD 15,055,824,000 as of December 31, 2023[16] - Total liabilities decreased to HKD 348,005,000 from HKD 403,133,000 at the end of the previous year[16] - Total liabilities increased to HKD 1,449,716,000 from HKD 1,337,058,000 in the previous year[17] - The company’s total equity decreased to HKD 17,879,591,000 from HKD 18,385,332,000 year-on-year[5] Cash Flow and Investments - The company’s cash and cash equivalents increased to HKD 1,830,487,000 from HKD 1,721,409,000[5] - The net cash generated from operating activities was HKD 75,519,000 for the six months ended June 30, 2024, an increase from HKD 53,014,000 in the prior year[7] - The net cash from investing activities was HKD 51,373,000, a decrease from HKD 376,166,000 in the same period of the previous year, indicating reduced investment activity[7] - The company had cash and listed securities amounting to HKD 3,497.8 million as of June 30, 2024, compared to HKD 3,414.7 million as of December 31, 2023[33] - The total capital commitments of the company as of June 30, 2024, were HKD 114.2 million, an increase from HKD 57.2 million as of December 31, 2023[37] Dividends and Shareholder Returns - The company paid dividends amounting to HKD 174,057,000 during the reporting period, which reflects its commitment to returning value to shareholders despite the losses[6] - The board declared an interim dividend of HKD 0.32 per share, totaling HKD 92,812,000, down from HKD 0.34 per share and HKD 98,833,000 in 2023[32] Segment Performance - Department store sales amounted to HKD 179,137,000, down 17% from HKD 215,750,000 in the previous year[11] - Property investment income was HKD 272,204,000, a decline of 16.6% from HKD 326,278,000 in the prior period[11] - The company reported a segment profit of HKD 192,545,000 for the department store business, compared to HKD 196,897,000 in the same period last year[14] - The property investment segment generated a profit of HKD 4,734,000, a decrease from HKD 165,504,000 in the previous year[14] - The department store business recorded revenue of HKD 272.2 million for the first half of 2024, a decrease of 16.6% compared to HKD 326.3 million in the same period of 2023, resulting in an operating loss of HKD 27.0 million[38] Market Conditions and Future Outlook - The group expects continued challenges in the department store business for the remainder of 2024, with no signs of improvement in the local retail environment[44] - The company continues to focus on its core businesses of department store operations and property investment, with no significant changes in strategy reported[12] Other Financial Metrics - The company experienced a net loss of HKD 225,808,000 before tax for the six months ended June 30, 2024, contrasting with a profit of HKD 314,608,000 in the same period of 2023[7] - The valuation loss on investment properties was HKD 515,758,000 for the six months ended June 30, 2024, compared to a gain of HKD 13,791,000 in the previous year[7] - The company reported a significant net loss from investment property valuation of HKD 515,758,000 for the period[17] - Financial expenses increased to HKD 1,792,000 from HKD 174,000 in the previous year, reflecting a rise in leasing liabilities[20] Employee and Corporate Actions - The total number of employees as of June 30, 2024, was 523, a decrease from 543 in the previous year[43] - The company repurchased a total of 377,000 shares at a total cost of HKD 4.489 million during the first half of 2024[46]

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a 15% year-over-year growth[2]. - The group's revenue for the year ended December 31, 2023, was HKD 1,056.2 million, a slight increase of 1.5% compared to HKD 1,041.0 million in 2022[19]. - For the year ended December 31, 2023, the company reported revenue of HKD 1,056 million, a slight increase from HKD 1,041 million in 2022[118]. - Total revenue for 2023 was HKD 1,056,194, an increase of 1.1% from HKD 1,041,028 in 2022[129]. - The department store business generated net sales of HKD 639,384,000 in 2023, compared to HKD 603,748,000 in 2022, reflecting an increase of about 5.9%[182]. - The profit attributable to shareholders for the year ended December 31, 2023, was HKD 123.4 million, a significant improvement from a loss of HKD 300.9 million in 2022[19]. - The operating profit after finance costs was HKD 564 million, significantly up from HKD 170 million in the previous year[118]. - Basic earnings per share increased to HKD 1.65 from HKD 0.27 in 2022[118]. - The net profit for the year was HKD 121,117, a recovery from a loss of HKD 301,613 in 2022[129]. - Total comprehensive income for the year amounted to HKD 123,406, recovering from a total comprehensive loss of HKD 522,314 in 2022[130]. Market Expansion and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10-12% driven by new product launches and market expansion[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[2]. - The company plans to continue focusing on market expansion and new product development to drive future growth[1]. - The company plans to continue its strategic focus on market expansion and new product development in the upcoming fiscal year[138]. Investment and Technology - Investment in new technology development increased by 25%, focusing on enhancing online services and customer experience[2]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's operational capabilities and customer base[2]. - The company introduced two new product lines, which are anticipated to contribute an additional HKD 200 million in revenue over the next year[2]. - The group's investment portfolio generated a profit of HKD 149.0 million in 2023, compared to a loss of HKD 206.4 million in 2022[19]. - The investment portfolio value increased to HKD 1,872.4 million as of December 31, 2023, from HKD 1,673.3 million in 2022[31]. Cost Management and Profitability - The gross profit margin improved to 40%, up from 35% in the previous year, reflecting better cost management and pricing strategies[2]. - The company has set a target to reduce operational costs by 15% through efficiency improvements and technology integration[2]. - Operating costs decreased by 2.2% to HKD 354.4 million in 2023, down from HKD 362.3 million in 2022[41]. - The overall gross margin for the group in 2023 was 55.0%, compared to 54.5% in 2022[41]. Shareholder Returns - Shareholder returns are expected to increase, with a proposed dividend of HKD 0.50 per share, up from HKD 0.40 last year[2]. - The board proposed a final dividend of HKD 0.60 per share for 2023, up from HKD 0.15 per share in 2022[19]. - The total dividend for 2023, including an interim dividend of HKD 0.34 per share, amounts to HKD 0.94 per share, compared to HKD 0.75 per share in 2022[19]. - The company aims to maintain a dividend payout ratio of approximately 50% of the annual basic profit, barring unforeseen circumstances[19]. Operational Performance - The department store business recorded revenue of HKD 639.4 million for the year ended December 31, 2023, an increase of 5.9% from HKD 603.7 million in 2022[27]. - The operating loss for the department store business decreased to HKD 2.8 million in 2023 from HKD 21.3 million in 2022, primarily due to increased revenue and gross profit[27]. - Property investment income decreased by 9.3% to HKD 388.2 million in 2023, down from HKD 428.0 million in 2022[28]. - The overall rental income from commercial properties in Hong Kong decreased by 7.8% to HKD 293.5 million in 2023, compared to HKD 318.3 million in 2022[29]. Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with all applicable provisions as of December 31, 2023[74]. - The board of directors consists of 7 members, including 1 executive chairman and 1 executive CEO, with all members confirming compliance with the securities trading standards[76][75]. - The company has established an ESG committee to assist the board in overseeing environmental, social, and governance matters[84]. - The company emphasizes standardized recruitment processes and equal development opportunities to achieve gender diversity[97]. Risk Management - The board adopted a risk management policy to ensure consistency in identifying, assessing, managing, monitoring, and reporting risks to achieve strategic goals[106]. - A significant risk identified is the group's ability to meet tenant expectations regarding building infrastructure and support services, which may impact market competitiveness and property investment profitability[106]. - The management confirmed the effectiveness of the group's risk management and internal control systems, which the board and audit committee deemed sufficient[106]. Employee and Diversity - As of December 31, 2023, the total number of employees is 533, with 388 females (73%) and 145 males (27%)[97]. - The senior management team consists of 2 males and 0 females, resulting in a 100% male representation[98]. - The company aims to enhance gender diversity on the board, currently having 1 female director out of 3 independent non-executive directors[96]. Taxation and Financial Position - The total income tax expense for 2023 is HKD 54,990,000, a decrease from HKD 89,096,000 in 2022, representing a reduction of approximately 38.4%[200]. - The effective tax rate for 2023 remains consistent at 16.5%, similar to 2022, indicating stable tax policy application[199]. - The company’s total liabilities slightly increased to HKD 1,337 million from HKD 1,317 million in 2022[118]. - The financial position remains strong with no borrowings reported as of December 31, 2023, ensuring sufficient liquidity for operational needs[24].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,056,194,000, an increase of 1.5% from HKD 1,041,028,000 in 2022[3] - Operating profit for the year was HKD 564,593,000, significantly up from HKD 170,619,000 in the previous year, representing a growth of 230.5%[3] - The net profit attributable to shareholders for the year was HKD 123,360,000, compared to a loss of HKD 300,946,000 in 2022, marking a turnaround[3] - Basic and diluted earnings per share for the year were 42.4 cents, compared to a loss of 103.3 cents per share in the previous year[3] - The total comprehensive income for the year was HKD 123,406,000, recovering from a total comprehensive loss of HKD 522,314,000 in 2022[4] Assets and Equity - Non-current assets as of December 31, 2023, amounted to HKD 14,897,770,000, a decrease from HKD 15,234,885,000 in 2022[5] - Current assets increased to HKD 4,354,937,000 from HKD 4,197,833,000 in the previous year, reflecting a growth of 3.7%[5] - The net current assets as of December 31, 2023, were HKD 3,938,971,000, up from HKD 3,772,350,000 in 2022[5] - The total equity attributable to shareholders was HKD 18,355,830,000, slightly down from HKD 18,553,535,000 in the previous year[5] - The accumulated net gain from the fair value of investment properties, after deferred tax, was HKD 11,776,744,000 as of December 31, 2023, compared to HKD 12,131,503,000 in 2022[6] Dividends and Retained Earnings - The company declared dividends totaling HKD 98,794 for the year, which is a decrease from HKD 218,021 paid in the previous year[7] - The retained earnings as of December 31, 2023, were HKD 17,574,290, down from HKD 17,774,219 at the start of the year, indicating a reduction of about 1.13%[7] - Proposed final dividend per share increased to HKD 0.60 in 2023 from HKD 0.15 in 2022, representing a 300% increase[29] Revenue Segmentation - The group's total revenue for 2023 was HKD 1,167,215,000, an increase of 1.3% from HKD 1,151,989,000 in 2022[15] - The department store segment generated revenue of HKD 639,384,000 in 2023, up 5.9% from HKD 603,748,000 in 2022[15] - The property investment segment reported total rental income of HKD 416,810,000 in 2023, compared to HKD 437,280,000 in 2022, reflecting a decrease of 4.7%[15] Expenses and Liabilities - Financial expenses decreased to HKD 483,000 in 2023 from HKD 1,068,000 in 2022, a reduction of 54.8%[16] - The group’s total liabilities for 2023 were HKD 403,133,000, compared to HKD 368,628,000 in 2022, an increase of 9.3%[15] - Total liabilities increased to HKD 1,337,058,000 in 2023 from HKD 1,317,363,000 in 2022, representing a growth of 1.3%[19] Other Income and Tax - The group recorded other income of HKD 139,860,000 in 2023, significantly higher than HKD 77,700,000 in 2022, an increase of 79.9%[16] - The company reported a total tax expense of HKD 54,990,000 in 2023, down from HKD 89,096,000 in 2022, a decrease of 38.4%[26] Strategic Initiatives - The company aims to strengthen its core department store business and enhance rental income from commercial properties as part of its business strategy[40] - The group plans to continue focusing on its current market positioning and aims to provide more value-for-money products and better shopping experiences in 2024[51] - The group has initiated a renovation of its Nathan Road Wing On Plus store, expected to be completed by 2025, to enhance customer shopping experience[46] Shareholder Information - The group repurchased a total of 515,000 shares during the year, with a total payment of HKD 6.5 million[53] - The company will hold its 2024 Annual General Meeting on June 13, 2024, with a notice to be published around April 26, 2024[55] - The current executive directors include the chairman, Mr. Guo Zhi Liang, and the CEO, Mr. Guo Zhi Hang, among others[57]

Financial Performance - The group's revenue increased by 6.1% to HKD 530.8 million for the six months ended June 30, 2023, compared to HKD 500.1 million in 2022, primarily due to growth in the department store business [8]. - The attributable profit for the period was HKD 274.2 million, a significant increase from a loss of HKD 106.4 million in 2022, driven by investment portfolio gains of HKD 93.0 million compared to a loss of HKD 190.4 million in the previous year [8]. - Basic earnings per share were HKD 0.943, compared to a loss of HKD 0.365 per share in 2022, with basic earnings excluding property valuation gains at HKD 0.907 per share, up from a loss of HKD 0.188 [8]. - The operating profit for the group was HKD 306.9 million for the six months ended June 30, 2023, compared to an operating loss of HKD 8.5 million in 2022 [22]. - The net profit attributable to shareholders for the six months ended June 30, 2023, was HKD 274.2 million, a recovery from a loss of HKD 106.4 million in 2022 [22]. - The company reported a profit before tax of HKD 314.6 million, a significant recovery from a loss of HKD 68.3 million in the same period last year [33]. - The company reported a comprehensive income of HKD 274,180 thousand for the period, compared to a loss of HKD 89,118 thousand in the previous period [27]. - The group recorded a profit of HKD 196,897,000 for the six months ended June 30, 2023, compared to a loss of HKD 19,217,000 in the same period last year [42]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.34 per share, totaling HKD 98,833,000, compared to no dividend in 2022 [8]. - The company declared an interim dividend of HKD 98,833,000, equating to HKD 0.34 per share, compared to no interim dividend in the previous year [62]. Cash and Liquidity - The group's cash and listed securities amounted to approximately HKD 3,508.9 million as of June 30, 2023, up from HKD 3,370.9 million at the end of 2022 [9]. - The group had no borrowings as of June 30, 2023, and maintained a strong cash position, indicating no liquidity issues [10]. - Cash and cash equivalents increased to HKD 1,963,231 thousand from HKD 1,562,081 thousand, marking a significant increase of approximately 25.6% [24]. - The company recorded a net increase in cash and cash equivalents of HKD 415.6 million, contrasting with a decrease of HKD 261.2 million in the same period last year [33]. - Cash and cash equivalents increased to HKD 2,439,584,000 as of June 30, 2023, compared to HKD 2,362,467,000 at the end of 2022, reflecting a stronger liquidity position [59]. Asset and Liability Management - As of June 30, 2023, total assets decreased slightly to HKD 19,424,705 thousand from HKD 19,477,146 thousand as of December 31, 2022, representing a decrease of approximately 0.27% [24][25]. - The company's total liabilities increased to HKD 4,432,268 thousand from HKD 4,197,833 thousand, an increase of about 5.58% [24]. - Non-current liabilities decreased to HKD 876,135 thousand from HKD 891,880 thousand, a reduction of about 1.77% [25]. - The equity attributable to shareholders decreased to HKD 18,517,309 thousand from HKD 18,553,535 thousand, a decline of approximately 0.20% [25]. - The company's total assets amounted to HKD 29.1 billion as of June 30, 2023, reflecting a stable financial position [31]. Investment and Market Outlook - The investment portfolio generated a profit of HKD 93.0 million for the six months ended June 30, 2023, a significant recovery from a loss of HKD 190.4 million in 2022 [16]. - The group maintains a cautious optimism regarding the economic and business activities in Hong Kong post-COVID-19, despite slower-than-expected recovery [18]. - The group anticipates challenges in the Australian property market due to high vacancy rates and downward pressure on office rents [18]. - The company plans to continue its investment strategy focusing on property development and acquisition to enhance its portfolio [34]. - The group’s property investment portfolio is located in Hong Kong, Australia, and the United States, indicating ongoing market expansion efforts [40]. Operational Performance - The department store business generated revenue of HKD 326.3 million, an increase of 18.8% from HKD 274.7 million in 2022, with operating profit of HKD 4.7 million compared to a loss of HKD 19.2 million [13]. - Property investment income decreased by 12.2% to HKD 192.2 million from HKD 218.9 million in 2022, with commercial property income in Hong Kong down 4.4% to HKD 151.1 million [14]. - The overall occupancy rate for commercial properties in Hong Kong remained stable at approximately 93% as of June 30, 2023, compared to 94% in 2022 [14]. - The department store business generated revenue of HKD 215,750,000 from product sales, up 20.5% from HKD 179,003,000 in the previous year [39]. - The property investment segment reported total rental income of HKD 175,333,000, a decrease of 10.8% from HKD 196,558,000 in the prior period [39]. Compliance and Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange during the six months ended June 30, 2023 [80]. - The board of directors confirmed compliance with the standards for securities trading during the six months ended June 30, 2023 [81]. Related Party Transactions - The company paid HKD 11,735,000 in rent and management fees to a related company during the current period, consistent with the same amount for the six months ended June 30, 2022 [78]. - The company received HKD 2,777,000 in rent and management fees from a related company during the current period, unchanged from the previous year [78]. - The company incurred commission fees of HKD 421,000 to related companies for securities trading, an increase of 97.2% compared to HKD 213,000 for the six months ended June 30, 2022 [78]. - The company reported receivables of HKD 10,308,000 from related companies as of June 30, 2023, down from HKD 13,620,000 as of December 31, 2022 [78]. - The company generated HKD 850,000 in income from building and lease management services provided to a related company, a decrease from HKD 907,000 for the same period last year [78].

Financial Performance - For the six months ended June 30, 2023, the company reported total revenue of HKD 530,836,000, an increase of 6.5% compared to HKD 500,075,000 for the same period in 2022[3]. - The company achieved an operating profit of HKD 307,038,000, a significant recovery from an operating loss of HKD 7,846,000 in the previous year[3]. - The net profit for the period was HKD 273,594,000, compared to a net loss of HKD 106,294,000 in the same period last year, marking a turnaround in performance[3]. - Basic and diluted earnings per share were HKD 0.943, a recovery from a loss of HKD 0.365 per share in the prior year[3]. - The company reported a significant increase in other income to HKD 67,973,000, up from HKD 37,822,000 in the previous year, reflecting improved operational performance[3]. - The company reported a profit before tax of 314,608 thousand HKD for the six months ended June 30, 2023, compared to a loss of 68,302 thousand HKD in the same period of 2022[8]. - The total comprehensive income for the period was HKD 184,592,000, compared to a total comprehensive loss of HKD 266,044,000 in the same period last year[4]. - The company recorded a net increase in cash and cash equivalents of 415,630 thousand HKD, contrasting with a decrease of 261,205 thousand HKD in the prior year[8]. Assets and Liabilities - As of June 30, 2023, the company's total assets amounted to HKD 19,424,705,000, slightly down from HKD 19,477,146,000 at the end of 2022[5]. - The company's net assets stood at HKD 18,548,570,000, a decrease from HKD 18,585,266,000 at the end of the previous year[5]. - The company’s total equity as of June 30, 2023, was 18,517,309 thousand HKD, down from 19,216,319 thousand HKD at the beginning of the year[7]. - Total liabilities decreased to HKD 1,458,109,000 as of June 30, 2023, down from HKD 1,317,363,000 at the end of 2022, reflecting a reduction of 10.7%[18]. Investment and Income Segments - Department store sales amounted to HKD 215,750,000, up 20.5% from HKD 179,003,000 in the previous year[14]. - Property investment income reached HKD 326,278,000, representing a 18.7% increase from HKD 274,663,000 in the prior period[14]. - The investment property rental income totaled HKD 175,333,000, a decrease of 10.8% from HKD 196,558,000 in the previous year[14]. - The company operates in two segments: department store business and property investment, with a focus on resource allocation and performance evaluation[15]. Dividends and Shareholder Returns - The company paid dividends of 218,021 thousand HKD related to the previous year, impacting the equity position[7]. - The company declared an interim dividend of HKD 0.34 per share, totaling HKD 98,833,000 for the six months ended June 30, 2023, compared to no dividend declared for the same period in 2022[24]. - The company reported a total of HKD 218,021,000 in dividends payable for the interim period, compared to HKD 133,986,000 for the same period in 2022, showing an increase of approximately 62.9%[25]. Accounting and Compliance - The company has not adopted any new accounting standards or interpretations that have a significant impact on the financial report for the current period[10]. - The company is in the process of assessing the impact of new guidelines related to the cancellation of the offsetting mechanism for mandatory provident fund contributions[11]. - Management has begun implementing changes to accounting policies in line with new guidelines, with a full assessment expected by the end of 2023[12]. - All directors confirmed compliance with the standards set forth in the company's securities trading code during the six months ended June 30, 2023[44]. Market Outlook and Challenges - The group remains cautiously optimistic about the economic recovery in Hong Kong post-COVID-19, while facing challenges in the Australian property market due to high vacancy rates and declining rents[43].