上市公司：钱江摩托（000913），信隆健康（002105），征和工业（003033），久祺股份（300994）， 林海股份（600099），上海凤凰（600679），中路股份（600818），力帆科技（601777），春风动力 （603129），爱玛科技（603529），隆鑫通用（603766），永安行（603776），新日股份（603787）， 绿通科技（301322），涛涛车业（301345），华洋赛车（834058） 相关报告：智研咨询发布的《2025-2031年中国摩托车行业市场专项调研及投资前景研究报告》 根据中国汽车工业(摩托车)产销快讯数据显示：2024年12月重庆润通智能装备有限公司摩托车产量为 27983辆，同比增长90.8%，销量为27374辆，同比增长53.6%，产销率为97.82%，积压609辆；2024年1- 12月重庆润通智能装备有限公司摩托车产量为300292辆，产量累计同比增长33.48%，2024年1-12月重庆 润通智能装备有限公司销量为298506辆，销量累计同比增长33.03%，2024年1-12月重庆润通智能装备有 限公司摩托车出口量为298474辆，内销量占比为0 ...

Financial Performance - For the fiscal year ending March 31, 2024, the company reported a loss attributable to shareholders of approximately HKD 2,250 million, compared to a loss of HKD 213 million in the previous year, representing an increase of 956%[10] - Revenue decreased by 4% to HKD 891 million from HKD 927 million year-on-year[7] - The group recorded a shareholder loss of HKD 2,250,000,000 for the fiscal year ending March 31, 2024, compared to a loss of HKD 213,000,000 for the previous year, primarily due to increased expected credit loss provisions on debt securities[20] - Revenue for the fiscal year ending March 31, 2024, was HKD 891 million, a decrease of 3.9% from HKD 927 million in 2023[44] - Gross profit for the same period was HKD 776 million, down 10.1% from HKD 863 million in 2023[44] - The company reported a net loss attributable to shareholders of HKD 2,250 million, compared to a profit of HKD 213 million in 2023[44] - The company’s total liabilities increased to HKD 6,651 million from HKD 6,276 million in 2023, an increase of 6%[44] - The revalued total asset value was HKD 18,665 million, down from HKD 19,226 million in 2023[44] Asset and Financing - The total asset value decreased by 15% to HKD 7,912 million from HKD 9,282 million[7] - The net asset value dropped by 58% to HKD 1,261 million from HKD 3,006 million[7] - The company’s debt-to-revalued asset ratio increased to 45% from 41%, reflecting a 4% rise[7] - The financial investment portfolio decreased to HKD 1,311,000,000 as of March 31, 2024, down from HKD 2,870,000,000 the previous year, a reduction of HKD 1,559,000,000[28] - The group has approximately HKD 1,100,000,000 in undrawn bank financing as of March 31, 2024[35] - The debt-to-equity ratio increased to 45% as of March 31, 2024, compared to 41% the previous year[35] Hotel and Real Estate Business - The hotel business contributed significantly with a profit of HKD 180 million, a substantial increase of 362% compared to HKD 39 million in the previous year[7] - The hotel business contributed revenue of HKD 367,000,000, up from HKD 166,000,000 in the previous year, resulting in a profit contribution of HKD 180,000,000, compared to HKD 39,000,000 previously[24] - The company is focused on enhancing its hotel business in prime locations in Hong Kong, targeting business travelers and visitors from mainland China[15] - The company plans to continue investing in high-quality residential development projects in Vancouver to expand its real estate business[16] - The residential development project "Landmark On Robson" in Vancouver has a total floor area of approximately 400,000 square feet and is expected to start delivering pre-sold units in the second half of 2024, with total sales contracts amounting to approximately CAD 241,000,000[26] Environmental and Sustainability Efforts - The company has secured a sustainable development performance-linked loan of HKD 1.4 billion, aimed at reducing energy and water consumption across all hotels[50] - The total greenhouse gas emissions for the fiscal year 2024 amounted to 10,516 tons, an increase from 10,244 tons in 2023, primarily due to higher energy demand from increased hotel occupancy rates[64] - Direct energy consumption from electricity rose to 16,349,000 kWh in 2024, compared to 14,838,000 kWh in 2023, reflecting an increase in energy usage per square meter from 269 kWh to 297 kWh[69] - Water consumption increased to 119,000 cubic meters in 2024, up from 89,000 cubic meters in 2023, resulting in a rise in water usage per square meter from 1.6 to 2.2 cubic meters[70] - The company reported a reduction of 8% in direct energy consumption intensity compared to the previous fiscal year, despite an overall increase in energy and water usage due to higher occupancy rates[68] - The total amount of recyclable construction waste generated decreased to 385 tons in 2024 from 652 tons in 2023, indicating improved waste management practices[65] - The company has implemented energy-saving measures and upgraded equipment to reduce energy consumption, focusing on air conditioning and lighting systems[68] - The company is committed to sustainable development goals in its property development projects, particularly in Vancouver, Canada[73] Employee and Workforce Management - As of March 31, 2024, the total number of employees is 180, with a gender distribution of 90 males and 90 females[80] - The overall employee turnover rate for the fiscal year ending March 31, 2024, is approximately 45%, down from 100% in the previous year[84] - The company provided medical insurance and competitive benefits to employees, ensuring compliance with all relevant health and safety laws and regulations[85] - The average training hours per employee for males and females are between 35-45 hours and 45-55 hours, respectively[94] - The total number of employee training participants increased, with 67% of male employees and 87% of female employees receiving training in 2024[93] - The company has maintained a zero fatality rate due to work-related incidents for the fiscal year ending March 31, 2024[87] - The company has established policies to create a fair and respectful work environment, providing continuous training and development opportunities for employees[79] Corporate Governance and Compliance - The board of directors held four meetings during the year, with the attendance of executive directors at 100%[121] - The board of directors is composed of six executive directors and three independent non-executive directors, ensuring a balance of oversight and management[117] - The company continues to focus on enhancing transparency, independence, accountability, and fairness in its corporate governance practices[116] - The company has implemented compliance procedures to ensure adherence to applicable laws and regulations that significantly impact its operations[104] - The company has maintained compliance with all relevant laws and regulations, with no significant violations reported during the fiscal year[105] - The company has provided indemnification for directors against any lawsuits, costs, losses, or damages incurred while performing their duties, and has secured appropriate directors and officers liability insurance[197] Community Engagement and Social Responsibility - The company donated a total of HKD 50,000 to the Life Hotline during the reporting year, reflecting its commitment to community investment[113] - The company actively collaborates with the Hong Kong Society for Rehabilitation to support individuals with special needs, demonstrating its commitment to corporate social responsibility[111] Future Outlook and Strategic Initiatives - The management remains cautiously optimistic about the group's performance amid macroeconomic uncertainties[41] - The company is closely monitoring macroeconomic developments and potential risks while focusing on the recovery of the hotel and tourism industry in Hong Kong[40] - The government is taking active measures to enhance Hong Kong's attractiveness as a tourist destination, which is expected to drive local tourism and hotel industry growth[40] - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $1.32 billion[3] - New product launches are expected to contribute an additional $200 million in revenue, with a focus on innovative technology solutions[4] - The company is expanding its market presence in Asia, targeting a 30% increase in market share over the next two years[5] - A strategic acquisition was completed, enhancing the company's capabilities in digital services, valued at $150 million[6] - Research and development expenses increased by 20%, totaling $100 million, to support new technology initiatives[7] - The company plans to implement cost-saving measures aimed at reducing operational expenses by 5% in the upcoming year[8]

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 891 million, a decrease of 4% compared to HKD 927 million in the previous year[3] - The hotel business contributed a profit of HKD 180 million, a significant increase of 362% from HKD 39 million in the prior year[3] - The net loss attributable to shareholders was HKD 2,250 million, representing a 956% increase from a loss of HKD 213 million in the previous year[3] - The company reported an operating loss of HKD 2,138 million, compared to a loss of HKD 37 million in the previous year[4] - The total comprehensive loss for the year was HKD 1,744 million, compared to a comprehensive income of HKD 823 million in the previous year[5] - The company reported a pre-tax loss of HKD 2,328,112,000 for 2024, compared to a loss of HKD 190,856,000 in 2023[12] - The financial investment segment reported a significant loss of HKD 2,690,163,000 in 2024 compared to a loss of HKD 624,158,000 in 2023[12] - The investment loss net amount for 2024 was HKD 2,660,181,000, significantly higher than the loss of HKD 624,158,000 in 2023[18] Assets and Liabilities - Total assets decreased by 15% to HKD 7,912 million from HKD 9,282 million[3] - Total assets for 2024 amounted to HKD 7,912,024,000, up from HKD 9,281,934,000 in 2023, indicating a decrease of 14.7%[14] - The company's equity attributable to shareholders decreased to HKD 1,262 million from HKD 3,007 million[7] - Net asset value dropped by 58% to HKD 1,261 million from HKD 3,006 million[3] - Total liabilities include HKD 5,852 million in bank borrowings, with 88% or HKD 5,167 million denominated in HKD, and a debt-to-asset ratio of 45% as of March 31, 2024[45] - The debt-to-revalued net asset ratio increased to 45%, up from 41% in the previous year[3] Revenue Sources - Hotel business revenue increased to HKD 366,675,000 in 2024 from HKD 166,147,000 in 2023, representing a growth of 120.5%[12] - The overseas revenue for 2024 was HKD 510,755,000, down from HKD 751,724,000 in 2023, reflecting a decline of 32.1%[16] - Interest income for the year was HKD 498 million, down from HKD 742 million[4] - Interest and dividend income from the investment portfolio amounted to HKD 513 million, down from HKD 749 million the previous year, primarily due to the sale/redemption of certain debt securities[43] Visitor Statistics - The number of visitors to Hong Kong reached approximately 41 million, representing 60% of pre-pandemic levels, with 32 million coming from mainland China, significantly up from 4 million in the previous year[40] Dividends and Share Information - The company did not declare a final dividend for the year ending March 31, 2024, consistent with the previous year[23][25] - The board has decided not to recommend a final dividend for the year ending March 31, 2024, with no interim dividend declared[52] - The average number of issued shares remained constant at 2,018,040,477, resulting in a basic loss per share equal to the diluted loss per share due to no potential dilutive shares[30] Governance and Compliance - The company has adopted the standard code of conduct for securities trading as per the Hong Kong Stock Exchange Listing Rules, confirming full compliance for the year ending March 31, 2024[56] - The company has adopted the principles of the Corporate Governance Code as per the Listing Rules, with the exception of the chairman's absence at the annual general meeting due to other commitments[57] - The Audit Committee has reviewed the annual performance for the year ending March 31, 2024[58] Future Outlook - The company plans to focus on expanding its hotel business and enhancing financial investments to recover from recent losses[12] - The outlook for the global economy remains uncertain due to ongoing conflicts and trade tensions, but major economies have successfully reduced inflation, which may positively impact the hotel and tourism industry in Hong Kong[49] - The Chinese government continues to relax housing policies to address the weak real estate sector, which may lead to a release of pent-up demand if interest rates are confirmed to trend downwards[50] Cash Flow and Financing - The company incurred a net financing cost of HKD 187,027,000 in 2024, compared to HKD 154,137,000 in 2023[12] - The company recorded net financing costs of HKD 187,027,000 for the year, compared to HKD 154,137,000 in the previous year, reflecting changes in interest expenses and capitalized interest[5] - The group has approximately HKD 1,100 million in unutilized bank financing as of March 31, 2024[45] Projects and Developments - The "Landmark On Robson" residential development project in downtown Vancouver is expected to be completed in Q2 2024, with a total floor area of approximately 400,000 square feet, including 236 residential units and 50,000 square feet of retail and office space, with total sales contracts amounting to approximately CAD 241 million as of March 31, 2024[41]

Financial Performance - For the six months ended September 30, 2023, total revenue increased by 2% to HKD 474 million compared to HKD 464 million in the same period last year[7]. - The hotel business contributed significantly with a profit of HKD 79 million, a remarkable increase of 1217% from HKD 6 million in the previous year[7]. - The loss attributable to shareholders rose to HKD 371 million, a 286% increase from HKD 96 million in the same period last year, primarily due to increased expected credit loss provisions on debt securities[10]. - The group reported a total revenue of HKD 474,263,000 for the six months ended September 30, 2023, compared to HKD 463,523,000 for the same period in 2022[32]. - The group incurred a net loss of HKD 371,284,000 for the six months ended September 30, 2023, compared to a loss of HKD 94,612,000 in the previous year[32]. - The company reported a net loss of HKD 371,452 for the period, compared to a net loss of HKD 95,766 in the previous year[42]. - The total comprehensive expense for the period was HKD 1,045,807, reflecting significant financial challenges faced by the company[42]. - The company incurred financing costs of HKD 86,070,000 for the period, compared to HKD 60,681,000 in the previous year, indicating an increase in financing expenses[68]. - The company reported a pre-tax loss of HKD 379,549,000 for the period, compared to a pre-tax loss of HKD 112,283,000 in the previous year, reflecting a significant increase in losses[68]. Assets and Liabilities - The total asset value decreased by 10% to HKD 8,387 million from HKD 9,282 million[7]. - Net asset value fell by 35% to HKD 1,959 million from HKD 3,006 million[7]. - The financial investment portfolio decreased to HKD 1,944 million from HKD 2,870 million, a reduction of HKD 926 million[17]. - The total assets and net asset value of the group were HKD 8,387,000,000 and HKD 1,959,000,000 respectively, a decrease from HKD 9,282,000,000 and HKD 3,006,000,000 as of March 31, 2023[20]. - The group's net debt was HKD 5,360,000,000, slightly increased from HKD 5,284,000,000 as of March 31, 2023, with a debt-to-revalued net asset ratio of 42%[21]. - Total liabilities included HKD 5,652,000,000 in bank loans, with 90% of these loans denominated in HKD[21]. - The company's equity attributable to shareholders decreased from HKD 3,007,103 to HKD 1,961,296, a decline of about 34.77%[38]. - Total liabilities decreased from HKD 4,682,129 to HKD 4,259,002, indicating a reduction of approximately 9.00%[38]. - The carrying amount of non-current financial assets is HKD 657,124,000 as of September 30, 2023, down from HKD 706,496,000 as of March 31, 2023, a decrease of approximately 7%[93]. Cash Flow and Financing - As of September 30, 2023, the group had cash and undrawn bank financing of approximately HKD 2,500,000,000, unchanged from March 31, 2023[20]. - The net cash flow from operating activities for the six months ended September 30, 2023, was a negative HKD 104,004, compared to a negative HKD 55,719 for the same period in 2022[40]. - The cash flow from financing activities generated a net cash inflow of HKD 144,405, compared to HKD 178,068 in the previous year[40]. - Cash and cash equivalents at the end of the period increased to HKD 360,508 from HKD 302,373, marking an increase of approximately 19.19%[40]. - The company’s employee benefit expenses rose to HKD 54,350,000 in 2023 from HKD 37,952,000 in 2022, marking an increase of approximately 43.2%[80]. Investment Performance - The financial investment segment reported a loss of HKD 312,636,000, compared to a profit of HKD 39,554,000 in the same period last year, indicating a substantial decline[68]. - The net loss from investments was HKD 603,819,000, which is an increase from HKD 342,836,000 in the previous year, reflecting a worsening investment performance[73]. - The group incurred an unrealized fair value loss of HKD 932,000,000 on debt securities for the six months ended September 30, 2023, compared to a loss of HKD 986,000,000 for the same period in 2022[95]. - The expected credit loss increased significantly, with major contributions from the Jingcheng 12% notes (HKD 111,397,000) and Evergrande 12% notes (HKD 80,553,000), totaling HKD 370,296,000[76]. - The company reported a fair value change loss of HKD 905,462 thousand during the period, impacting the overall financial results[55]. Market and Economic Outlook - The company anticipates continued recovery in the tourism sector driven by increased travel demand and the resumption of flights, particularly from mainland China[29]. - Management remains cautiously optimistic regarding the performance in a rapidly changing environment while closely monitoring macroeconomic developments[30]. - The company plans to enhance its influence in the online travel and entertainment sectors in mainland China through collaborations with social media and booking platforms[29]. Shareholder Information - As of September 30, 2023, the total shareholding of the director Pan Zheng in the company was 1,346,310,539 shares, representing 66.71% of the issued share capital[116]. - Pan Zheng holds personal and corporate interests in related companies, with a total of 509,672,171 shares in Huihan Holdings, accounting for 60.61% of the issued share capital[117]. - The company did not recommend any interim dividend for the six months ended September 30, 2023, consistent with the previous year[85]. - The company has not granted any stock options to directors during the reporting period, and no previously granted options were exercised, cancelled, or lapsed[120][121]. Corporate Governance - The company has adopted corporate governance principles as per the listing rules, with one exception regarding the attendance of the chairman at the annual general meeting[139]. - The company’s board confirmed compliance with the standard code of conduct during the reporting period[137]. - The audit committee reviewed the unaudited interim results for the six months ending September 30, 2023[140].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 ASIA STANDARD HOTEL GROUP LIMITED 泛海酒店集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：292） 截至二零二三年九月三十日止六個月 中期業績公佈 財務摘要 （除另有註明外，金額以百萬港元列示） 截至九月三十日止六個月 二零二三年 二零二二年 變動 收入 474 464 +2% 酒店業務之盈利貢獻 79 6 +1217% 股東應佔期內虧損 (371) (96) +286% 每股虧損－基本（港仙） (18.4) (4.7) +292% 二零二三年 二零二三年 九月三十日 三月三十一日 資產總值 8,387 9,282 -10% ...

Financial Performance - The company reported a consolidated loss attributable to shareholders of approximately HKD 213 million for the fiscal year ending March 31, 2023, a decrease of over 71% compared to a loss of HKD 746 million in the previous year[11]. - Revenue for the year was HKD 927 million, down 6% from HKD 990 million in the previous year[7]. - Operating loss improved significantly to HKD 37 million from HKD 660 million, marking a 94% reduction[7]. - The company recorded a shareholder loss of HKD 213 million for the fiscal year ending March 31, 2023, a significant reduction of over 71% compared to the previous year, primarily due to a decrease in expected credit losses and an increase in hotel business operating profit[20]. - Total revenue for the year ended March 31, 2023, was HKD 927 million, a decrease of 6.36% from HKD 990 million in 2022[45]. - The group reported a net loss attributable to shareholders of HKD 213 million for the year, an improvement from a loss of HKD 746 million in the previous year[45]. - The total asset value as of March 31, 2023, was HKD 9,282 million, compared to HKD 9,114 million in 2022[45]. Asset and Debt Management - The net asset value of the company increased by 38% to HKD 3,006 million from HKD 2,183 million[7]. - The company’s revalued net asset value stands at HKD 13 billion, with a debt-to-revalued net asset ratio of 41%, down from 54%[11]. - As of March 31, 2023, the net debt was HKD 5,284 million, down from HKD 5,861 million on March 31, 2022, resulting in a debt-to-asset ratio of 41% compared to 54% a year earlier[39]. - The company’s financial position remains stable, with approximately half of its debt hedged through interest rate swap contracts at rates below 1%[11]. - The company’s financial investment portfolio amounted to HKD 2.87 billion as of March 31, 2023, a decrease of HKD 151 million from HKD 3.02 billion the previous year, with approximately 92% consisting of listed debt securities[27]. Investment and Development - The company is actively pursuing investment opportunities in Vancouver, Canada, with the Landmark on Robson project expected to be completed in early 2024[11]. - The total floor area of the "Landmark On Robson" residential development project in Vancouver is approximately 400,000 square feet, with total sales contracts for residential units reaching approximately CAD 206 million as of March 31, 2023[26]. - The company is actively discussing development plans for adjacent land to the "Landmark On Robson" project with local municipal planning departments[26]. - The company aims to maintain a prudent financial management policy to effectively manage risks and various types of debt, ensuring a solid financial condition[18]. Hotel Operations and Market Trends - The company’s hotel properties are strategically located in Hong Kong's core business districts, targeting business travelers and visitors from mainland China[15]. - The average hotel room rate and occupancy rate significantly increased due to the rebound in mainland Chinese tourism following the lifting of travel restrictions[24]. - The company aims to enhance its hotel operations and management to maximize shareholder value[15]. - The group continues to implement strict cost management and focus on improving hotel service efficiency and quality[42]. Environmental, Social, and Governance (ESG) Initiatives - The company has implemented a comprehensive ESG strategy, including stakeholder engagement and the identification of key sustainability issues[59]. - The total greenhouse gas emissions for the fiscal year amounted to 10,244 tons, an increase from 9,417 tons in the previous year, primarily due to higher energy demand from increased hotel occupancy[64]. - Direct energy consumption rose to 14,838,000 kWh in 2023 from 13,206,000 kWh in 2022, while indirect energy consumption decreased to 4,104,000 MJ from 6,172,000 MJ[69]. - Water consumption increased to 89,000 cubic meters in 2023 from 82,000 cubic meters in 2022, with a density of 1.6 cubic meters per square meter[70]. - The company has implemented various environmental measures, including a plan to reduce water usage by minimizing the frequency of changing bed linens[72]. - The company has committed to using electronic communication and storage systems to reduce paper consumption in office operations[72]. - The company has established a robust communication framework with stakeholders, including shareholders, employees, and suppliers, to address ESG concerns[56]. Employee Management and Training - The total number of employees as of March 31, 2023, is 180, with a gender distribution of 89 males and 91 females[79]. - The overall employee turnover rate for the fiscal year ending March 31, 2023, is approximately 100%, compared to 45% in the previous year[80]. - The total number of employee departures in 2023 is 185, significantly higher than 80 in 2022[83]. - The percentage of trained employees by gender in 2023: 59% male and 72% female, compared to 69% and 53% in 2022 respectively[93]. - The average training hours per employee in 2023: 35-45 hours for males and 45-55 hours for females, with general employees averaging 35-45 hours[94]. Corporate Governance - The board consists of six executive directors and three independent non-executive directors, with the chairman and CEO being different individuals[118]. - The company is committed to enhancing transparency, independence, accountability, and fairness in its corporate governance practices[121]. - The board has reviewed its corporate governance policies and practices during the year to ensure compliance with relevant laws and regulations[119]. - The company aims to continuously improve its corporate governance standards through regular reviews and updates[120]. - The company has established a risk management framework to achieve its business objectives, with the board responsible for assessing acceptable risk levels[137]. Shareholder Communication and Proposals - The company has established a shareholder communication policy to ensure equal access to financial performance, corporate strategy, and ESG initiatives[153]. - Shareholders holding at least 10% of the voting rights can request a special general meeting, with the request needing to specify the purpose of the meeting[158]. - If the board does not convene a special general meeting within 21 days of the request, the shareholders can call the meeting themselves within three months[159]. - The company did not declare an interim dividend for the year ending March 31, 2023, consistent with the previous year[183]. - The board has also decided not to recommend a final dividend for the year ending March 31, 2023, similar to the previous year[184].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 ASIA STANDARD HOTEL GROUP LIMITED 泛海酒店集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：292） 截至二零二三年三月三十一日止年度 業績公佈 及 建議修訂現有公司細則 財務摘要 （除另有註明外，金額以百萬港元列示） 二零二三年 二零二二年 變動 收入 927 990 -6% 本公司股東應佔虧損 (213) (746) -71% 資產總值 9,282 9,114 +2% 資產淨值 3,006 2,183 +38% 負債淨額 5,284 5,861 -10% ...

Financial Performance - Total revenue decreased by 9% to HKD 464 million compared to HKD 509 million in the same period last year[9]. - The company reported a loss attributable to shareholders of HKD 96 million, a 35% improvement from a loss of HKD 147 million in the previous year[9]. - Operating loss improved by 41% to HKD 52 million from HKD 88 million year-on-year[9]. - Gross profit for the same period was HKD 431.1 million, down from HKD 491.6 million, reflecting a decline of 12.3%[51]. - Net loss for the period was HKD 94.6 million, an improvement from a loss of HKD 147.1 million in the prior year, representing a 35.7% reduction[51]. - The company reported a significant decrease in expected credit loss changes, with a reduction from HKD 411.2 million to HKD 205.2 million, a 50% improvement[51]. - For the six months ended September 30, 2022, the company reported a loss attributable to shareholders of HKD 95,766,000, compared to a loss of HKD 147,262,000 for the same period in 2021, representing a 34.9% improvement[180]. - The basic and diluted loss per share for the six months ended September 30, 2022, was HKD 4.7, compared to HKD 7.3 for the same period in 2021, indicating a reduction in loss per share[180]. Asset and Liability Management - Total assets decreased by 8% to HKD 8,367 million, down from HKD 9,114 million[9]. - Net asset value dropped by 43% to HKD 1,243 million compared to HKD 2,183 million in the previous year[9]. - The net debt ratio increased to 57%, up from 54% in the previous period[9]. - The group's total assets and net asset value were HKD 8,367,000,000 and HKD 1,243,000,000, respectively, reflecting a decrease primarily due to unrealized fair value changes in financial investments[37]. - The total liabilities included HKD 6,363,000,000 in bank borrowings, with 94% valued in HKD[38]. - As of September 30, 2022, total liabilities were HKD 7,123,034, with borrowings constituting HKD 6,362,978[149]. Investment and Financial Instruments - The group's financial investments totaled HKD 1,954,000,000 as of September 30, 2022, a decrease of HKD 1,067,000,000 from HKD 3,021,000,000 on March 31, 2022[32]. - Interest and dividend income from the investment portfolio amounted to HKD 388,000,000, down from HKD 480,000,000 in the previous year[32]. - The fair value of debt securities held was HKD 1,772,886 million as of September 30, 2022, compared to HKD 2,800,927 million on March 31, 2022[198]. - The group experienced an unrealized fair value loss of HKD 986 million for the six months ended September 30, 2022, compared to a loss of HKD 2,457 million in the previous year[198]. - The fair value changes of financial instruments were recorded, indicating fluctuations in market conditions affecting the group's financial position[114]. Hotel Business Performance - The hotel business in Hong Kong experienced a significant revenue increase of 166%, despite the ongoing impact of the pandemic, with total hotel rooms rising by 3% to 89,000[28]. - Revenue for the hotel business segment was HKD 71,312, while property development and financial investment segments contributed HKD 388,492 and HKD 3,626, respectively, totaling HKD 463,523[135]. - Total revenue from hotel rental income was HKD 1,250,000 for the six months ended September 30, 2022, down from HKD 4,688,000 in 2021, reflecting a significant decline[171]. - The fair market value of the company's hotel properties was estimated at HKD 12,070,200,000 as of September 30, 2022, up from HKD 11,424,200,000 as of March 31, 2022, reflecting an increase of 5.7%[185]. Cash Flow and Financing Activities - Cash flow from operating activities showed a net outflow of HKD 55,719 thousand, a notable improvement from an outflow of HKD 812,463 thousand in the same period last year[61]. - The company incurred a net cash outflow from investing activities of HKD 44,368 thousand, compared to HKD 151,782 thousand in the previous year, indicating a reduction of 70.8%[61]. - The company’s financing activities generated a net cash inflow of HKD 178,068 thousand, down from HKD 359,507 thousand in the same period last year, a decrease of 50.5%[61]. - The company incurred net financing costs of HKD 60,681,000 for the six months ended September 30, 2022, compared to HKD 71,125,000 in 2021, showing a decrease of 14.7%[173]. Employee and Operational Management - The company is focusing on cost control measures and delaying non-essential capital investments to enhance occupancy rates and ensure positive revenue streams[28]. - The management is focused on enhancing employee benefits, including insurance and retirement plans, to support workforce stability[44]. - Employee benefits expenses for the six months ended September 30, 2022, totaled HKD 39,607,000, compared to HKD 32,305,000 in 2021, representing a 22.8% increase[171]. Market Outlook and Strategic Focus - The company continues to monitor macroeconomic developments and risks, maintaining a cautious outlook in a volatile environment[44]. - The hotel operations are expected to benefit from the reopening of borders and pent-up demand in the travel sector once restrictions are lifted[44]. - The company is optimistic about the recovery of the real estate sector in mainland China, anticipating a more stable development in the fourth quarter of 2022 and into 2023[44].

Financial Performance - The company reported a consolidated loss attributable to shareholders of approximately HKD 746 million for the fiscal year ending March 31, 2022, compared to a profit of HKD 622 million in the previous year[23]. - Revenue for the fiscal year was HKD 990 million, reflecting a 1% increase from HKD 977 million in the previous year[18]. - The company recorded a loss attributable to shareholders of HKD 746 million, compared to a profit of HKD 622 million in the same period last year[30]. - Total revenue for the fiscal year ending March 31, 2022, was HKD 990 million, a 1% increase compared to the previous year[30]. - Gross profit remained stable at HKD 949 million, compared to HKD 950 million in the previous year, indicating a marginal decrease of 0.1%[56]. - Total assets decreased to HKD 9,114 million from HKD 12,110 million, reflecting a reduction of 24.7% year-over-year[56]. - Total liabilities slightly decreased to HKD 6,931 million from HKD 7,032 million, a reduction of 1.4%[56]. - The revalued total asset value was HKD 17,884 million, down from HKD 20,776 million, indicating a decrease of 13.8%[56]. Debt and Liquidity - The net debt increased by 16% to HKD 5,861 million from HKD 5,054 million in the previous year[18]. - The asset-liability ratio increased to 54%, up 17% from 37% in the previous year[18]. - The group's net debt to revalued net asset ratio increased to 54% from 37% a year earlier[48]. - The total debt amounted to HKD 6,213 million, with 93% or HKD 5,806 million denominated in HKD, and 16% of the bank loans were revolving loans[47]. - As of March 31, 2022, the group had approximately HKD 2.8 billion in cash and unutilized bank financing[44]. - The company aims to maintain a strong liquidity position and good financial health through prudent financial management policies[28]. Real Estate Development - The company plans to complete the Landmark on Robson development project in Vancouver by the end of 2023, with the concrete structure topped out in May 2022[23]. - The total floor area of the "Landmark on Robson" residential development project in Vancouver is approximately 400,000 square feet, with a total sales contract amount of approximately CAD 180 million as of March 31, 2022[38]. - The company is actively seeking quality and large residential development opportunities in Vancouver to enhance its real estate business[28]. Hotel Business Performance - The hotel business performance improved as two hotels in Causeway Bay became quarantine hotels from September 2021, with further expansion expected in the coming months[23]. - Hotel occupancy rate and average room rate increased by 20% and 38% respectively, leading to a revenue growth of approximately 162%[37]. - The company plans to expand its hotel business in prime locations in Hong Kong, targeting business travelers and visitors from mainland China[28]. Sustainability and Environmental Impact - The company emphasizes integrating ESG principles into operations, aiming for long-term sustainability and stakeholder engagement[62]. - The total greenhouse gas emissions for the fiscal year 2022 amounted to 9,417 tons, an increase from 7,736 tons in 2021, primarily due to higher energy demand from increased hotel occupancy rates[79]. - The total direct energy consumption for 2022 was 13,206,000 kWh, up from 10,779,000 kWh in 2021, reflecting a significant increase in energy usage[83]. - The company achieved a 10% reduction in direct energy intensity and a 19% reduction in water intensity compared to the previous fiscal year[82]. - The company has implemented energy-saving measures and upgraded equipment to enhance resource efficiency, contributing to sustainability goals[82]. Employee Management - Total employee turnover rate for the fiscal year ending March 31, 2022, was approximately 45%[98]. - Employee training programs included health and safety, food safety, and COVID-19 prevention, with over 30% of operational staff receiving extensive training[106]. - The company provided medical insurance and competitive benefits to ensure employee health and safety[100]. - The company employed 186 full-time and 3 part-time employees, with 184 based in Hong Kong and 5 in Canada[96]. Corporate Governance - The board consists of six executive directors and three independent non-executive directors, ensuring governance standards are maintained[138]. - The company confirmed its responsibility for preparing financial statements based on the going concern basis, ensuring no significant uncertainties affecting its ability to continue operations[141]. - The board has reviewed corporate governance policies and practices, ensuring adherence to legal and regulatory requirements[141]. - The company is committed to maintaining gender diversity in its board composition, planning to appoint at least one female director as per listing rules[143]. Community Engagement - The group donated a total of HKD 482,000 to various charitable organizations during the reporting year[134]. - The group has received the "Caring Company" logo from the Hong Kong Council of Social Service for its community care initiatives[129]. - The group is committed to corporate social responsibility, focusing on urgent social issues and contributing to the well-being of vulnerable groups[126].

Financial Performance - Total revenue for the six months ended September 30, 2021, was HKD 509 million, an increase of 3% compared to the same period last year[23]. - The company recorded a loss attributable to shareholders of HKD 147 million, compared to a profit of HKD 302 million in the same period last year[23]. - Total revenue for the first half of 2021 was HKD 508,579,000, an increase from HKD 494,110,000 in 2020, representing a growth of approximately 2.8%[52]. - The company reported a net loss of HKD 147,063,000 for the period, compared to a profit of HKD 302,655,000 in the same period last year[55]. - The total comprehensive loss for the period amounted to HKD 2,213,974,000, compared to a comprehensive income of HKD 1,000,784,000 in 2020[55]. - The net loss for the period ended September 30, 2021, was HKD 147,262,000, a significant decline from a profit of HKD 302,425,000 in the previous period[67]. - The total expenses for the period reached HKD 2,213,936,000, reflecting a substantial increase compared to the previous period's expenses[67]. Hotel Operations - Hotel occupancy rate and average room rate increased by 13% and 40% respectively, with revenue growth of approximately 116%[25]. - The company implemented long-stay promotional offers targeting local customers starting in July, contributing to improved hotel performance[25]. - The total number of hotel rooms in Hong Kong was approximately 87,077, an increase of 2% compared to the same period last year[24]. - The group's revenue for the six months ended September 30, 2021, was HKD 508,579 thousand, with a significant contribution from hotel operations[95]. Assets and Liabilities - The net asset value decreased by 44% to HKD 2,836 million from HKD 5,078 million[18]. - The total assets decreased by 20% to HKD 9,629 million from HKD 12,110 million[18]. - The revalued total assets decreased by 12% to HKD 18,353 million from HKD 20,776 million[18]. - The company's net debt amounted to HKD 5,898 million as of September 30, 2021, down from HKD 5,054 million on March 31, 2021[39]. - The total liabilities as of September 30, 2021, were HKD 6,793,297 thousand, with borrowings amounting to HKD 6,086,753 thousand[100]. Financial Investments - The financial investment portfolio amounted to HKD 4,225 million as of September 30, 2021, a decrease of HKD 2,435 million from HKD 6,660 million on March 31, 2021[34]. - The net investment loss was HKD 458 million, including expected credit loss provisions and unrealized losses, compared to a net gain of HKD 18 million in 2020[34]. - The fair value of financial instruments classified as Level 1 amounted to HKD 124,812 thousand, while Level 2 instruments totaled HKD 4,059,601 thousand, and Level 3 instruments were HKD 46,956 thousand[88]. - The group's financial assets measured at fair value through profit or loss amounted to HKD 4,059,601 thousand as of September 30, 2021[88]. Debt and Equity - The debt-to-equity ratio increased to 51% from 37%, reflecting a 14% rise in net debt[18]. - The debt-to-asset ratio was 51% as of September 30, 2021, compared to 37% on March 31, 2021[39]. - Total equity attributable to shareholders decreased from HKD 5,076,846 thousand to HKD 2,834,731 thousand, a decline of approximately 44.4%[61]. - The total principal amount of debt securities was HKD 7,338,628,000 as of September 30, 2021, compared to HKD 7,292,084,000 on March 31, 2021[150]. Management and Governance - The management remains cautious about future performance due to ongoing economic uncertainties and the impact of new COVID-19 variants[49]. - The company has a strong corporate governance structure, with directors' remuneration adjusted to HKD 300,000 for Mr. Ye Zhiwei and HKD 250,000 for Mr. Liang Weiqiang and Mr. Huang Zhiqiang[177]. - The company has not disclosed any new strategies or market expansions during the reporting period[191]. Employee and Operational Metrics - The company had approximately 184 full-time employees as of September 30, 2021, compared to 180 employees as of March 31, 2021[49]. - Employee benefit expenses, including directors' remuneration, totaled HKD 30,458 thousand for the six months ended September 30, 2021, compared to HKD 29,867 thousand in the same period of 2020[118]. Shareholder Information - As of September 30, 2021, the company has a total of 1,346,310,539 shares, with a significant ownership percentage of 66.71% held by the director Pan Zheng[178]. - The major shareholder Asia Orient Holdings (BVI) Limited holds 1,346,158,049 shares, representing 66.70% of the issued share capital[195]. - The company did not recommend an interim dividend for the six months ended September 30, 2021, consistent with the previous year[124].