香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：296） 2023/2024年度之中期業績公告 英皇娛樂酒店有限公司（「本公司」）董事會（「董事會」或「董事」）宣佈本公司及其附屬公 司（統稱「本集團」）截至2023年9月30日止6個月（「本期間」）之未經審核簡明綜合業績。 財務摘要 截至9月30日止6個月 2023年 2022年 變動 （未經審核） （未經審核） 千港元 千港元 總收入 371,837 108,563 +242.5% 毛利（損） 133,690 (118,482) 不適用 期間淨溢利（虧損） 12,092 (190,938) 轉虧為盈 ...

Financial Performance - The Group's total revenue decreased to HK$291.1 million for the year ended March 31, 2023, down from HK$415.9 million in 2022, representing a decline of approximately 30%[11]. - Revenue from hotels and serviced apartments increased by 31.0% to HK$203.4 million, accounting for 69.9% of total revenue, compared to 37.3% in the previous year[11]. - The Group recorded a reversal of impairment losses of HK$31.8 million, compared to impairment losses of HK$271.1 million in 2022[11]. - A fair value gain of investment properties was reported at HK$19.7 million, a significant improvement from a fair value loss of HK$143.0 million in the prior year[11]. - Loss attributable to owners of the Company narrowed significantly to HK$98.2 million, compared to HK$528.3 million in 2022, indicating a reduction of approximately 81.4%[11]. - Basic loss per share improved to HK$0.08 from HK$0.44 in the previous year[11]. Tourism and Market Recovery - Visitor arrivals to Hong Kong surged by over 300 times and more than doubled in Macau from Q1 2022 to Q1 2023, indicating a strong recovery in tourism[12]. - The lifting of inbound quarantine measures in early 2023 contributed to a notable rebound in consumption and entertainment sentiments in the region[12]. - Future economic growth in Hong Kong and Macau is expected to benefit the tourism and hospitality industries[38]. Hospitality Operations - The Group operates six hotels and serviced apartments in Hong Kong and Macau, enhancing its hospitality and entertainment services[17]. - The Emperor Hotel, a key asset, features a Michelin-rated restaurant and offers a total of ��� guest rooms, catering to both leisure and business travelers[17]. - Room revenue was HK$85.2 million, up from HK$53.3 million in the previous year[35]. - Gaming revenue decreased to HK$87.7 million, representing 30.1% of total revenue, down from 62.7%[34]. - The Group's total revenue from hotels and serviced apartments included food and beverage revenue of HK$74.0 million[35]. Financial Position and Cash Management - The Group maintains a healthy financial position, funding operations through cash generated from its activities[42]. - As of March 31, 2023, the Group's current assets were HK$566.8 million, down from HK$1,129.9 million in 2022, while current liabilities decreased to HK$253.2 million from HK$309.2 million[43][46]. - The Group maintained a net cash position as of March 31, 2023, resulting in a zero gearing ratio, consistent with the previous year[43][46]. - The Group's bank balance and cash, short-term bank deposits, and pledged bank deposits totaled HK$503.3 million as of March 31, 2023, down from HK$1,049.9 million in 2022[45]. - The Group's strong cash reserves were highlighted as a reason for the share repurchases, which are expected to enhance shareholder value[44][47]. Share Repurchase and Capital Management - The Company repurchased 8,815,000 shares at an aggregate consideration of HK$4.4 million, reducing the total number of issued shares by approximately 0.7% to 1,188,490,983 shares[44][47]. - As of March 31, 2023, all repurchased shares were cancelled, aimed at enhancing net asset value and/or earnings per share[139]. - The total number of shares in issue as of March 31, 2023, was 1,188,490,983, a decrease from 1,197,305,983 in 2022[137]. Employee and Management Information - The Group's total staff costs for the year were approximately HK$257.4 million, down from HK$343.6 million in 2022, with the number of employees decreasing to 517 from 876[57]. - Employee compensation is determined based on individual responsibilities, skills, experience, and market salary levels[60]. - The Company has adopted a share option scheme to encourage or reward employees[60]. - The total number of employees as of March 31, 2023, was 517, down from 876 in 2022[60]. - The remuneration policy for Directors is aligned with business strategy and shareholder interests, ensuring competitive compensation based on market practices[109]. Corporate Governance - The Company has fully complied with all code provisions of the Corporate Governance Code during the Year[172]. - The Board consists of six Directors, including one Non-executive Director, two Executive Directors, and three Independent Non-executive Directors, ensuring a diverse mix of skills and experience[179]. - The Board's gender diversity is relatively high, with four female directors out of six, representing 66.67%[190]. - The Company aims to maintain a target of no less than 30% female directors on the Board, as approved by the Nomination Committee[190]. - The Company has established mechanisms to ensure independent views are available to the Board, including annual meetings between the Chairperson and all Independent Non-executive Directors[183]. Related Party Transactions - The Group had transactions with connected persons, with certain Directors having material interests in these transactions[142]. - The total amount of tenancy transactions with Emperor W&J during the year was HK$3,732,000[147]. - Fees received from SJM under the Hotel Rooms and Catering Agreement amounted to HK$13,690,000 during the year[150].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概 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，概不會就因本公告全部或 任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：296） 2022/2023年度之全年業績公告 英皇娛樂酒店有限公司（「本公司」）董事會（「董事會」或「董事」）宣佈本公司及其附屬公 司（統稱「本集團」）截至2023年3月31日止年度（「本年度」）之經審核綜合業績。 業績 本集團於本年度之總收入減少至291,100,000港元（2022年：415,900,000港元），其中酒店 及服務式公寓之收入增加31.0％至203,400,000港元（2022年：155,300,000港元），佔總收入 之69.9%（2022年：37.3%）。本年度錄得資產減值虧損撥回31,800,000港元（2022年：減值 虧損271,100,000港元）及投資物業公允價值收益19,700,000港元（2022年：公允價值虧損 143,000,000港元），因此，本公司擁有人應佔本年度虧損大幅縮減至98,200,000 ...

Financial Performance - Total revenue decreased to HKD 108.6 million, down 51.3% from HKD 223.4 million in 2021 due to the termination of gaming operations[13] - The group recorded a loss attributable to owners of HKD 155.7 million, compared to a loss of HKD 84 million in 2021, with a basic loss per share of HKD 0.13[13] - The group reported a loss from continuing operations of HKD 104.95 million for the six months ended September 30, 2022, compared to a loss of HKD 16.86 million for the same period in 2021[36] - The total comprehensive loss for the period was HKD 190.94 million, compared to HKD 102.87 million for the same period in 2021[37] - The company reported a loss before tax of HKD (155,658,000) for the six months ended September 30, 2022, compared to a loss of HKD (83,968,000) in the same period last year, indicating an increase in losses of approximately 85.5%[81] - The company’s total comprehensive loss for the period was HKD (155,658) thousand, compared to a loss of HKD (83,968) thousand in the previous period, indicating a worsening financial performance[43] Revenue Breakdown - Hotel and serviced apartment revenue increased by 14.3% to HKD 84.2 million, accounting for 77.5% of total revenue[21] - Gaming revenue dropped to HKD 24.4 million, down 83.7% from HKD 149.7 million in 2021 following the cessation of gaming operations[23] - The group's gaming revenue decreased to HKD 24,382,000 (2021: HKD 149,731,000), accounting for 22.5% of total revenue (2021: 67.0%) due to the termination of gaming operations[49] - Hotel and serviced apartment revenue increased to HKD 84,181,000 (2021: HKD 73,648,000), representing 77.5% of total revenue (2021: 33.0%), primarily due to service income from the group providing services to 澳娛 and additional rental income from property acquisitions[49] Asset and Liability Management - As of September 30, 2022, the group's current assets and current liabilities were HKD 548.3 million and HKD 279.8 million, respectively, compared to HKD 1,129.9 million and HKD 309.2 million as of March 31, 2022[27] - The company reported a total asset value of HKD 4,515,942 thousand, down from HKD 4,721,272 thousand, reflecting a decrease of approximately 4.4%[41] - The company's total liabilities decreased from HKD 79,541 thousand to HKD 69,560 thousand, a reduction of approximately 12.4%[41] - The company’s equity attributable to owners decreased to HKD 3,634,346 thousand from HKD 3,794,415 thousand, a decline of approximately 4.2%[41] - The company’s total assets pledged as of September 30, 2022, amounted to HKD 613,838,000, a decrease from HKD 1,725,086,000 as of March 31, 2022[102] Shareholder Actions - The company repurchased a total of 8,815,000 shares at an average price of HKD 0.498 per share, reducing the total issued shares by approximately 0.7% to 1,188,490,983 shares as of September 30, 2022[28] - The company repurchased a total of 8,815,000 shares in September 2022, at a total cost of HKD 4,389,375, aiming to enhance net asset value per share[127] - The company declared no interim dividend for the year ending March 31, 2023, compared to HKD 0.015 per share in 2021[86] Market Position and Strategy - The group is optimistic about the long-term development of the industry, particularly in the Greater Bay Area, and aims to strengthen its market position[24] - The group operates six hotels and serviced apartments in Hong Kong and Macau, enhancing its service offerings[14] - The company plans to retain its hotel operations while terminating its gaming business post the service agreement expiration with 澳娛[48] Acquisitions and Investments - The acquisition of The Unit Davis for approximately HKD 490 million contributed to a decrease in cash and bank deposits to HKD 502.4 million as of September 30, 2022[25] - The group completed the acquisition of Ever Explore Holdings Limited for HKD 490 million, expanding its asset portfolio and market position[32] - The acquisition of The Unit Davis property was completed for HKD 490,000,000, aimed at expanding the hotel business and diversifying the revenue base[48] Operational Metrics - Total employee count decreased to 429 as of September 30, 2022, down from 876 as of March 31, 2022, with total employee costs approximately HKD 173.7 million for the period[33] - The company’s management compensation for the six months ended September 30, 2022, totaled HKD 516,000, a decrease from HKD 580,000 in the same period of 2021[110] Cash Flow and Financial Health - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (54,262) thousand, compared to HKD (64,403) thousand for the same period in 2021, indicating an improvement[45] - Cash and cash equivalents at the end of the reporting period stood at HKD 404,523 thousand, down from HKD 671,097 thousand, a decrease of about 39.8%[45] - The group maintained a strong cash position of HKD 437,263,000, with a net cash status and a capital debt ratio of zero, despite utilizing HKD 490,000,000 for acquisitions[51] Related Party Transactions - The company reported related party transactions, including expenses of HKD 889,000 for professional services and HKD 1,741,000 for administrative expenses during the six months ended September 30, 2022[108] - The company’s related party transactions included rental income of HKD 1,883,000 received from a related company during the six months ended September 30, 2022[108]

Financial Performance - The Group's total revenue increased by 37.8% to HK$415.9 million for the year ended March 31, 2022, compared to HK$301.9 million in 2021[9]. - Loss attributable to the owners of the Company was HK$528.3 million, a significant increase from HK$177.6 million in the previous year[9]. - Basic loss per share was HK$0.44, up from HK$0.15 in 2021[9]. - Total dividends for the year were HK$0.065 per share, compared to HK$0.030 per share in 2021, including a special dividend of HK$0.050[9]. - The Group's revenue from hotels and serviced apartments increased by 67.3% to HK$155.3 million in the Year, up from HK$92.8 million in 2021[26]. - Total room revenue rose to HK$53.3 million, compared to HK$29.5 million in the previous year[28]. - Total food and beverage revenue increased to HK$77.4 million, up from HK$48.6 million in 2021[28]. - Gaming revenue grew by 24.6% to HK$260.6 million, compared to HK$209.1 million in 2021[27]. - Revenue from the mass market hall was HK$179.0 million, while VIP room revenue was HK$65.0 million[29]. Operational Challenges - The hospitality sector faced challenges due to ongoing entry restrictions and quarantine measures related to the Covid-19 pandemic[9]. - The second half of the year saw adverse impacts from policies announced by the Chinese government and credit crises in the mainland property industry[9]. - The Omicron variant of Covid-19 has hindered market recovery in Hong Kong, driving case numbers to new highs[7]. - The Group's operational environment remains challenging, but there are signs of gradual recovery in the tourism and hospitality sectors[9]. - The hospitality sector showed moderate revival, but faced setbacks due to Omicron cases and border reopening delays[31]. Financial Position - The Group's bank balances and cash decreased to HK$1,049.9 million as of March 31, 2022, down from HK$3,340.1 million in 2021 due to an acquisition cost of approximately HK$2,048.8 million[35]. - The Group maintained a strong financial position, funding operations and capital expenditures through cash generated from operations[35]. - As of March 31, 2022, the Group's current assets were HK$1,129.9 million, a decrease of 67.3% from HK$3,458.1 million in 2021, while current liabilities were HK$309.2 million, down 13.5% from HK$357.3 million in 2021[36][39]. - The Group maintained a net cash position as of March 31, 2022, resulting in a gearing ratio of zero, consistent with the previous year[36][39]. Employee and Compensation - The Group's total staff costs increased to HK$343.6 million in 2022, up 9.7% from HK$313.2 million in 2021, with the number of employees rising to 876 from 770[50]. - The number of employees increased to 876 as of March 31, 2022, compared to 770 in 2021[53]. - Total employee costs amounted to HKD 343,600,000 for the year, up from HKD 313,200,000 in 2021, reflecting a year-on-year increase of approximately 9.5%[53]. - Employee compensation is determined based on individual responsibilities, skills, experience, and market salary levels[53]. - The remuneration package for employees includes basic salaries, housing allowances, pension contributions, discretionary bonuses, and other competitive benefits[99]. Corporate Governance - The Management Discussion and Analysis section provides insights into the Group's performance and future business development, spanning pages 4 to 14 of the annual report[77]. - The Group's environmental, social, and governance performance is detailed in the 2021/2022 report, highlighting compliance with relevant laws and regulations[78]. - The Group's principal risks and uncertainties are discussed in the Corporate Governance Report, covering pages 33 to 58 of the annual report[77]. - The Directors' fees are aligned with market practices and are not determined by individual Directors[98]. - The company maintains permitted indemnity provisions for Directors against potential liabilities and costs associated with legal proceedings[97]. Shareholder Information - The Group's issued share capital as of March 31, 2022, was approximately HK$120,000, a slight decrease from HK$121,000 in 2021[37][40]. - The company repurchased 12,270,000 shares at an aggregate cost of HK$14.6 million, reducing the total number of issued shares by approximately 1.0% to 1,197,305,983 shares[37][40]. - As of March 31, 2022, the total number of shares in issue was 1,197,305,983, a decrease from 1,209,575,983 in 2021[136]. - All repurchased shares were cancelled as of March 31, 2022, aimed at enhancing net asset value and/or earnings per share[143]. Acquisitions and Investments - The Company completed the acquisition of Poly Keen International Limited for HK$2,048.8 million, expanding its hospitality business into Hong Kong[46][47]. - The consideration for the acquisition of Poly Keen was HK$2,048,832,000[180]. - The Group acquired investment properties with a fair value of HK$515,000,000 through subsidiary acquisitions, but recognized a decrease in fair value of HK$143,000,000 in the consolidated statement of profit or loss[86]. - The Group acquired property, plant, and equipment at a cost of HK$23,909,000 and additional equipment through subsidiary acquisitions totaling HK$1,525,489,000 during the Year[86]. Connected Transactions - The Group's five largest customers accounted for 67.6% of total revenue, with the largest customer representing 62.7%[192][197]. - The auditor issued an unqualified letter regarding the Group's non-exempt continuing connected transactions[185]. - Independent non-executive directors confirmed that the continuing connected transactions were conducted in the ordinary course of business and on normal commercial terms[186][189]. - The Company has complied with the disclosure requirements in accordance with the Listing Rules for non-exempt connected transactions[183][187].

Revenue Growth - Emperor Entertainment Hotel Limited reported a significant increase in revenue, reaching HKD 1.2 billion, representing a 25% year-over-year growth[1]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[11]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[33]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[39]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[50]. - The company reported a revenue increase of 97% year-over-year, indicating strong growth in its core business segments[74]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% and an EBITDA margin improvement of 5%[78]. - The company provided guidance for Q4 2023, expecting revenue between $1.3 billion and $1.5 billion, representing a growth of 10% to 20%[80]. User Growth - The company experienced a rise in user data, with a total of 500,000 active users, up 15% compared to the previous period[1]. - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[12]. - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[33]. - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[39]. - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[51]. - User data showed a significant uptick, with active users increasing by 35 million in the last quarter, reflecting a robust user acquisition strategy[76]. Future Outlook - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[1]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.3 billion and $1.4 billion[13]. - The company provided guidance for the next quarter, projecting a revenue increase of 10% to $1.1 billion[17]. - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.3 billion and $1.4 billion[39]. - The company provided a future outlook with a guidance of 1PMZ for the next quarter, suggesting continued growth[70]. Product Development - The company is investing HKD 200 million in research and development for new technologies aimed at enhancing customer experience[1]. - New product offerings are set to launch in Q3 2023, with an expected contribution of HKD 100 million to the annual revenue[1]. - New product launches contributed to a 20% increase in sales, with the latest product line accounting for $300 million in revenue[14]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[17]. - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[33]. - New product launches included a flagship device that contributed to a 30% increase in sales compared to the previous model[80]. Market Expansion - Market expansion plans include entering two new regions, which are expected to contribute an additional HKD 300 million in revenue[1]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[16]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share by the end of the year[17]. - The company is expanding its market presence in Asia, targeting a 20% market share by the end of 2024[33]. - The company is exploring market expansion strategies, targeting new geographical regions to increase its customer base[66]. Strategic Acquisitions - The company has completed a strategic acquisition of a local competitor for HKD 150 million, which is anticipated to increase market share by 10%[1]. - The company completed a strategic acquisition, which is expected to enhance its product offerings and increase revenue by $50 million annually[17]. - The company announced a strategic acquisition of a competitor for $500 million, expected to enhance market position[33]. - The company completed a strategic acquisition of a smaller competitor for $200 million, expected to enhance its product offerings[39]. - The company is exploring acquisition opportunities to enhance its product portfolio, targeting companies with complementary technologies[11]. - The company is exploring strategic acquisitions to enhance its product portfolio, with a budget of $1 billion allocated for potential deals[78]. Cost Management - The company has implemented cost-cutting measures that are projected to save HKD 50 million annually[1]. - The company reported a 5% decrease in operational costs due to improved efficiency measures implemented in Q3 2023[13]. - The company reported a 5% decrease in operational costs due to improved efficiency measures[39]. - Operational efficiencies have led to a 10% reduction in costs, contributing to improved profit margins[76]. Customer Satisfaction - Customer satisfaction ratings improved to 85%, reflecting a 5% increase from the previous quarter[1]. - Customer satisfaction ratings improved by 15%, reflecting the positive impact of recent product updates and customer service enhancements[14]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[39]. - Customer retention rates improved to 85%, up from 80% in the previous quarter[33]. - Customer retention rates improved to 85%, up from 80% last year, showcasing effective customer engagement strategies[74]. Financial Performance - The company reported a total equity of HKD 5,706,999,000 as of September 30, 2021, reflecting a decrease from the previous period[26]. - The total comprehensive income for the period was a loss of HKD 83,968,000, indicating a significant impact on financial performance[26]. - The company recorded a loss of HKD 566,000 from the acquisition of a non-wholly owned subsidiary, highlighting challenges in investment performance[26]. - The company has a fair value adjustment of HKD (141,810,000) related to financial instruments, indicating volatility in market conditions[26]. - The gross margin improved to 45%, up from 40% in the previous quarter, indicating better cost management[17]. - The gross margin improved to 45%, up from 42% in the previous quarter, indicating better cost management[80].

Financial Performance - Total revenue for the year ended March 31, 2021, was HK$301.855 million, a decrease from HK$1,116.20 million in 2020[15] - Gaming revenue was HK$209.075 million, down from HK$872.21 million in the previous year[15] - Hotel revenue decreased to HK$92.780 million from HK$211.56 million in 2020[15] - The Group reported a gross loss of HK$103.443 million compared to a gross profit of HK$1.10 million in 2020[15] - Loss attributable to owners of the Company was HK$177.576 million, compared to a profit of HK$221.21 million in the previous year[15] - Basic loss per share was HK$(0.15), a decline from earnings of HK$0.21 per share in 2020[15] - Final dividend per share was HK$0.015, down from HK$0.040 in the previous year[15] - The loss for the year attributable to the owners of the Company was HK$1,000,000 (2020: Profit of HK$200,000,000) with a basic loss per share of HK$0.10 (2020: Basic earnings per share of HK$0.21) [20] - Total revenue for the year was HK$301,000,000 (2020: HK$1,112,200,000), with a 12% increase in revenue in the second half compared to the first half, indicating a strong recovery [23] Gaming Operations - Total gaming revenue decreased by 69.3% to HK$201,100,000 (2020: HK$1,221,000,000), accounting for 69.3% of the Group's total revenue [33] - The mass market gross win was HK$242,100,000 (2020: HK$1,113,800,000), with revenue from the mass market hall at HK$138,000,000 (2020: HK$623,200,000), contributing 66.0% of total gaming revenue [37] - The VIP room generated revenue of HK$55,600,000 (2020: HK$267,900,000), contributing 26.6% of total gaming revenue, with a rolling amount of HK$2.4 billion (2020: HK$10.2 billion) [38] - The Group's VIP room turnover was HK$2.4 billion, a decrease of 76.5% from HK$10.2 billion in 2020, with VIP room revenue at HK$55.6 million, down 79.3% from HK$267.9 million in 2020, accounting for 26.6% of total gaming revenue[40] - Slot machine gross win was HK$32.7 million, down 56.5% from HK$75.1 million in 2020, with revenue of HK$15.5 million, a decrease of 56.6% from HK$35.7 million, representing 7.4% of total gaming revenue[42] Visitor Statistics - Visitor arrivals in Macau decreased by 87.1% during the year, significantly impacting business operations [21] - The resumption of the Individual Visit Scheme for Mainland China residents contributed to improved visitor numbers in Macau[19] - The Individual Visit Scheme from Mainland China to Macau resumed in September 2020, leading to a gradual improvement in visitation since the fourth quarter of 2020 [22] Hotel Operations - The Group's flagship hotel, Grand Emperor Hotel, has a gross floor area of approximately 300,000 square feet and offers 511 guest rooms [28] - The Group operates two hotels in Macau, with the second hotel, Inn Hotel Macau, having a gross floor area of approximately 200,000 square feet and 212 guest rooms [31] - Hotel revenue amounted to HK$92.8 million, down 57.1% from HK$216.4 million in 2020, accounting for 30.7% of total revenue[43] - Average room rates for GEH and IHM were HK$479 and HK$280, down 42.3% and 44.5% respectively from HK$830 and HK$504 in 2020, with occupancy rates at 53% and 56%[43] Dividends and Shareholder Returns - The Group paid an interim dividend of HK$1,227,000 for the Year, with an interim dividend of HK$0.01 per share, compared to HK$0.00 per share in 2020[1] - The Directors recommended a final dividend of HK$0.01 per share for the Year, subject to shareholder approval at the upcoming AGM[1] - The Group declared a special dividend of HK$0.050 per share, totaling approximately HK$59.9 million, to be paid on June 25, 2021[48] - The Group's distributable reserves as of March 31, 2021, amounted to HK$1,009,755,000, an increase from HK$349,775,000 in 2020[1] Financial Position - The Group maintained a strong financial position with bank balances and cash totaling HK$1,000.1 million as of March 31, 2021[55] - As of March 31, 2021, the Group's current assets were HK$3,458.1 million, down from HK$3,762.3 million in 2020, while current liabilities decreased to HK$357.3 million from HK$443.7 million[58] - The Group maintained a net cash position as of March 31, 2021, resulting in a gearing ratio of zero, consistent with the previous year[58] - Assets with carrying values of approximately HK$2.0 billion were pledged to banks as security for banking facilities totaling HK$20.0 million[65] Corporate Governance - The Board comprises six Directors, including one Non-executive Director, two Executive Directors, and three Independent Non-executive Directors, ensuring a strong independent element[178] - The company fully complied with all code provisions of the Corporate Governance Code during the year[178] - The Independent Non-executive Directors (INEDs) are all professionals with recognized experience in legal, compliance, accounting, or auditing fields[182] - The management is led by the Executive Committee, which has been delegated powers for day-to-day operations and key business decisions[182] - The company is committed to maintaining high standards of corporate governance to ensure accountability, responsibility, and transparency[177] Strategic Initiatives - The Group expects to benefit from the release of suppressed travel and gaming demand from mainland China as the Covid-19 pandemic is contained[49] - A travel bubble or health code is anticipated to be launched soon, which will enhance the Group's marketing strategy for its hospitality business[50] - The company is investing in new technology development, allocating $F million towards R&D initiatives aimed at enhancing operational efficiency[71] - Market expansion plans include entering two new regions, which are expected to generate an estimated $G million in additional revenue over the next two years[71] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the industry[71] Employee and Director Remuneration - The Directors' remuneration is aligned with the Company's business strategy and market practices[1] - Employee remuneration is determined by individual responsibilities, skills, experience, and performance, with packages including basic salary, bonuses, and competitive benefits[96] - The remuneration policy for directors is based on a written policy that aligns with business strategy and shareholder interests, ensuring competitive pay levels[96] Share Repurchase and Capital Management - During the year, the Company repurchased 24,665,000 shares at an aggregate consideration of HK$27.7 million, reducing the total number of issued shares by approximately 2.0% to 1,209,575,983 shares[59] - The company did not purchase, sell, or redeem any of its listed securities other than the repurchased shares[124] - The repurchases were made to enhance the net asset value and/or earnings per share[123]

Financial Performance - Total revenue decreased by 86.3% to HKD 92,900,000 compared to HKD 677,900,000 in the same period last year[9]. - The company reported a loss attributable to shareholders of HKD 141,800,000, compared to a profit of HKD 177,200,000 in the previous year[9]. - Basic loss per share was HKD 0.12, compared to earnings of HKD 0.14 per share in the prior year[9]. - The group incurred a loss of HKD 174,353,000 for the period, compared to a profit of HKD 200,220,000 in the previous year, indicating a negative swing of approximately 187%[34]. - The group reported a pre-tax loss of HKD 182,182,000 for the period, highlighting the financial impact of the ongoing challenges in the market[61]. - The company reported a pre-tax loss of HKD 141,810,000 for the six months ended September 30, 2020, compared to a profit of HKD 177,200,000 in the same period of 2019[78]. Revenue Breakdown - Gaming revenue fell by 90.9% to HKD 51,100,000, accounting for 55.0% of total revenue, down from 82.5%[9]. - Hotel revenue was HKD 41,800,000, down from HKD 118,400,000, representing 45.0% of total revenue[19]. - The group’s VIP room revenue was HKD 6,000,000, a significant drop from HKD 160,200,000, accounting for 11.8% of total gaming revenue[17]. - The average daily gaming revenue per table in the mass market was approximately HKD 5,300, down from HKD 55,000[16]. - The gaming business generated service income of HKD 51,094,000, down from HKD 600,000,000 in the previous year, indicating a decrease of about 91.5%[61]. - Hotel room revenue was HKD 15,138,000, compared to HKD 50,509,000 in the prior year, reflecting a decline of approximately 70%[56]. Operational Metrics - Average room rates for the flagship hotel were HKD 536, down from HKD 846, with an occupancy rate of 34% compared to 94% last year[19]. - The group operates two hotels, with a total of 598 rooms, aiming to capture the potential of the Macau hotel market[12]. - The total employee cost for the period was HKD 154,100,000, a decrease from HKD 225,000,000 in 2019, reflecting a reduction of approximately 31.6%[28]. Financial Position - The group maintained a strong financial position with cash and bank deposits totaling HKD 3,442,800,000 as of September 30, 2020, down from HKD 3,544,300,000 as of March 31, 2020[22]. - The capital debt ratio was zero as of September 30, 2020, indicating a net cash position, consistent with the previous reporting period[24]. - The net cash position was maintained at zero debt ratio, indicating a strong financial condition despite the ongoing pandemic[48]. - The net current assets as of September 30, 2020, were HKD 3,171,446, a decrease from HKD 3,318,619 as of March 31, 2020[39]. - The total assets as of September 30, 2020, were HKD 3,608,940, a decrease from HKD 3,762,292 as of March 31, 2020[39]. Shareholder Actions - The company repurchased 16,715,000 shares at an average price of HKD 1.139 per share, reducing the total issued shares by approximately 1.35%[25]. - The board declared an interim dividend of HKD 0.015 per share, down from HKD 0.030 per share in 2019, representing a 50% reduction[29]. - The total issued and paid-up share capital as of September 30, 2020, was HKD 121,000,000, reflecting a decrease in the number of shares due to buybacks[102]. - The company aims to enhance net asset value and/or earnings per share through share repurchases[132]. Market Conditions and Future Outlook - The group expects a rebound in visitor numbers and spending as pent-up leisure demand is released, contingent on the effective control of the pandemic[21]. - The group is actively monitoring the market conditions and adjusting its strategies to navigate the ongoing uncertainties in the hospitality and gaming industries[58]. - The group plans to strictly control daily operations and capital expenditures to mitigate the financial impact of the ongoing pandemic[48]. Impairment and Credit Risk - Trade receivables as of September 30, 2020, amounted to HKD 39,632,000, with a provision for impairment of HKD 20,899,000, compared to HKD 76,340,000 and HKD 52,741,000 respectively in March 2020[86]. - The expected credit loss for a specific gaming customer was HKD 79,000, down from HKD 265,000 in the previous year, indicating a significant reduction in credit risk[91]. - The total impairment provision for trade receivables as of September 30, 2020, was HKD 20,899,000, down from HKD 52,741,000 as of March 31, 2020, reflecting improved collection expectations[92]. Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code during the reporting period[127]. - The interim financial statements have not been audited or reviewed by the company's auditors but have been reviewed by the audit committee[130]. - The company has adopted a securities trading code for directors that meets or exceeds the standards set out in the Listing Rules[128].

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-----------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 英皇娛樂酒店有限公司 | ...

英皇娛樂酒店有限公司 Emperor Entertainment Hotel Limited 於百發建註冊成立之有限公司(股份代號:296) 2019/2020 中期報告 | --- | --- | |------------------------------|-------| | | | | 目錄 | | | 財務亮點 | 2 | | 管理層討論及分析 | 3 | | 中期股息 | 8 | | 簡明綜合損益及其他全面收益表 | 9 | | 簡明綜合財務狀況表 | 11 | | | | | 簡明綜合權益變動表 | 13 | | 簡明綜合現金流量表 | 14 | | 簡明綜合財務報表附註 | 15 | | 董事及主要行政人員之證券權益 | 48 | | 其他人士之證券權益 | 51 | | | | | 企業管治及其他資料 | 52 | 財務亮點 | --- | --- | --- | --- | |----------------------|-------------------------------------------------------------|---------------------- ...