Financial Performance - The company reported a consolidated revenue of HKD 1.2 billion for the year ended December 31, representing a 15% increase compared to the previous year[19]. - The net profit for the year was HKD 300 million, reflecting a growth of 20% year-on-year[19]. - For the year ended 31 December 2024, the revenue decreased to HK$385,847,000, down 68.0% from HK$1,203,026,000 in 2023[20]. - The Group recorded revenue of approximately HK$385.8 million, a decrease of approximately 67.9% from HK$1,203.0 million in the prior year[70]. - Revenue from property sales was approximately HK$55.8 million, down approximately 93.2% year-on-year, primarily due to the ongoing recession in the PRC property market[71]. - The Group recorded a net loss of approximately HK$2,288.5 million for the Year, compared to a net loss of approximately HK$827.8 million for the Prior Year, reflecting a significant deterioration in financial performance[85]. Market and User Growth - User data indicated an increase in active users by 25%, reaching a total of 500,000 users[19]. - The company has projected a revenue growth of 10% for the upcoming fiscal year, targeting HKD 1.32 billion[19]. - The average sales in 30 major cities in China increased by approximately 34% after the introduction of supportive policies, with first-tier cities growing by about 53%[31]. - The real estate market in China is expected to see positive sales growth in 2025 after a 50% decline from its peak in 2021[31]. - The real estate market in Mainland China is showing signs of gradual recovery, supported by policy measures and recovering rigid demand[38]. Strategic Initiatives - New product launches are expected to contribute an additional HKD 150 million in revenue over the next year[19]. - The company is expanding its market presence in Southeast Asia, with plans to open three new offices by the end of 2025[19]. - A strategic acquisition of a local competitor is anticipated to enhance market share by 5%[19]. - The Group's strategy focuses on "guaranteeing funds, delivery, and operation" to ensure steady progress and sustainable development amid market challenges[38]. Financial Management and Challenges - The company is prioritizing solving its debt problem and is actively communicating with banks and creditors to reduce financial risks[33]. - Financial pressure remains a significant challenge for the company, necessitating prudent capital management and careful budgeting[32]. - The Group aims to maintain a healthy debt structure and capital status to ensure operational stability and safety[66]. - The Group is implementing cost-saving measures and liquidity control to address financial challenges, including seeking financing extensions and streamlining operations[63]. Asset and Liability Management - Total assets decreased to HK$7,246,841,000 in 2024 from HK$11,147,598,000 in 2023, representing a decline of 34.0%[22]. - Total liabilities decreased to HK$7,342,605,000 in 2024 from HK$8,922,013,000 in 2023, a reduction of 17.7%[22]. - The equity attributable to owners of the company turned negative at HK$305,147,000 in 2024, down from HK$1,189,207,000 in 2023[22]. - The Group's total borrowings amounted to approximately HK$3,665.8 million as of 31 December 2024, down from approximately HK$4,670.3 million as of 31 December 2023[88]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by 8% over the next year[19]. - The Group has implemented effective measures to ensure timely delivery of projects, maintaining customer trust and reputation[37]. - The Group's measures aim to reduce reliance on a single asset or project, thereby enhancing overall financial stability[126]. Legal and Compliance Issues - The auditor issued a Disclaimer of Opinion due to multiple uncertainties relating to going concern and scope limitations on impairment assessments[96]. - As of December 31, 2024, four lenders initiated legal proceedings against Jitong Industrial and Hunan Meilian for defaulted borrowings totaling approximately RMB388 million (equivalent to approximately HK$417 million)[105]. - The Group is actively negotiating with lenders for alternative settlement arrangements for remaining defaulted borrowings, which may include using assets for settlement or extending repayment dates[111]. Management and Governance - The board of directors includes a diverse range of professionals with expertise in finance, law, and community service, enhancing the company's governance[165]. - The company emphasizes the importance of maintaining key client relationships and fostering long-term collaborations with external partners[160]. - The Group's management will continue to communicate closely with lenders to explore alternative settlement options[104]. Environmental and Social Responsibility - The Group is committed to improving environmental sustainability and will monitor its performance closely, as detailed in the upcoming ESG report[185]. - The Group has complied with all relevant PRC laws and regulations governing property development and management, with no non-compliance incidents reported for the year[186].

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。 二零二四年末期業績公告 寶新置地集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司（統稱「本集團」）截至二零二四年十二月三十一日止年度（「本年度」）的綜合財務業績 如下： 綜合損益及其他全面收益表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 營業額 | 5 | 385,847 | 1,203,026 | | 銷售成本 | | (775,859) | (1,425,913) | | 毛損 | | (390,012) | (222,887) | | 銷售開支 | | (7,909) | (14,530) | | 行政開支 | | (35,936) | (54,413) | | 投資物業的公平值虧損 | | (341,604) | (151, ...

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。 截至二零二四年六月三十日止六個月的中期業績 寶新置地集團有限公司（「本公司」）董事（「董事」）欣然宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二四年六月三十日止六個月（「本期間」）的未經審核簡明綜合財務業績，有關業 績已由本公司的審核委員會（「審核委員會」）審閱。 簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------|-------|-------------------------------------------------------------|---------------- ...

Financial Performance - Revenue for the year ended December 31, 2023, was HK$1,203,026,000, a decrease of 25.6% compared to HK$1,617,467,000 in 2022[15] - Loss before income tax for continuing operations was HK$891,936,000, compared to a loss of HK$1,061,783,000 in the previous year, indicating an improvement of 15.9%[15] - The loss attributable to owners of the company for the year was HK$601,331,000, a reduction from HK$787,049,000 in 2022, reflecting a 23.5% improvement[15] - Basic loss per share from continuing operations was (550.66) cents, compared to (720.73) cents in 2022, showing a decrease in loss per share of 23.5%[15] - The company reported a total comprehensive loss for the year of HK$827,797,000, compared to a loss of HK$911,264,000 in 2022, marking a 9.1% improvement[15] Market Strategy and Outlook - The company is focusing on market expansion and new product development to enhance revenue streams in the upcoming fiscal year[15] - The management anticipates a gradual recovery in market conditions, which may positively impact future performance[15] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[15] - Investment in new technologies is a priority, aiming to improve operational efficiency and customer engagement[15] - The Group aims to enhance market competitiveness by innovating products and services in response to mainstream demand[62] Asset and Liability Management - Total assets for the year ended December 31, 2023, were HK$11,147,598, a decrease of approximately 33.1% from HK$16,684,537 in 2022[18] - Total liabilities decreased to HK$8,922,013, down 33.5% from HK$13,491,983 in 2022[18] - Equity attributable to owners of the company was HK$1,189,207, a decline of 29.1% compared to HK$1,675,868 in 2022[18] - As of December 31, 2023, total borrowings amounted to approximately HK$4,670.3 million, down from approximately HK$6,481.1 million in the prior year[90] - The gearing ratio of the Group as of December 31, 2023, was approximately 2.1, compared to approximately 1.9 as of December 31, 2022[94] Real Estate Market Performance - The gross floor area (GFA) sold of commodity housing in 2023 was approximately 1.12 billion square meters, representing a decrease of approximately 8.5% year-on-year[27] - Sales of commodity housing amounted to approximately RMB11,662.2 billion, reflecting a year-on-year decrease of approximately 6.5%[27] - Total investment for real estate development fell by approximately 9.6% year-on-year for the second consecutive year[27] - The overall downward pressure in the property market continues, impacting the Group's sales performance and creating significant sales pressure[35] - The property market recovery remains insufficient, with ongoing downward pressure and a strong wait-and-see sentiment affecting sales performance[138] Operational Efficiency - The cost of sales decreased to approximately HK$1,425.9 million, down approximately 33.5% from HK$2,142.6 million in the prior year[74] - The gross loss for the year was approximately HK$222.9 million, an improvement from a gross loss of approximately HK$525.1 million in the prior year, resulting in a gross loss margin of 18.5%[74] - Selling expenses were approximately HK$14.5 million, a decrease of about 72.7% from approximately HK$53.1 million in the prior year[79] - Administrative expenses decreased by approximately 54.3% to about HK$54.4 million from approximately HK$119.0 million in the prior year[79] - The Group's overall debt management plan was advanced in 2023 to lower debt costs and alleviate repayment pressure[39] Corporate Governance and Management - The company plans to enhance its corporate governance practices to align with best industry standards[15] - The company has a strong executive team, including Mr. Yao Jianhui as Chairman and Ms. Xia Lingjie as CEO, both bringing extensive experience in financial management and corporate strategy[183][185] - Ms. Xia has significant expertise in business financial management, merger and acquisition management, and operational management, enhancing the company's strategic execution capabilities[191][195] - The company has maintained a consistent approach to governance with a diverse board, including independent directors with varied expertise in finance and law[196][199] - The Audit Committee has reviewed the Disclaimer of Opinion and supports the Management's proposed actions to address liquidity issues, emphasizing the need for strict adherence to the action plan[124] Liquidity and Financial Viability - The Group's financial viability is under scrutiny due to a Disclaimer of Opinion from the Auditor, primarily related to the lack of sufficient information from fund providers to assess their ability to provide necessary financial support[118] - The Directors believe that the Unutilised Facilities will provide adequate financing, supported by a long-standing relationship with fund providers, despite the absence of documentary evidence for their financial viability[120] - The Group's ability to continue as a going concern is contingent upon the successful implementation of the proposed action plan and measures[121] - The Group's management is committed to mitigating liquidity pressure through the proposed actions and measures[124] - The Group achieved a cash inflow of approximately HK$371 million from the pre-sale of inventory properties, despite significant sales pressure in the market[138]

Financial Performance - For the year ended December 31, 2023, the company reported a revenue of HKD 1,203,026,000, a decrease of 25.6% compared to HKD 1,617,467,000 in 2022[3] - The gross loss for the year was HKD 222,887,000, improving from a gross loss of HKD 525,127,000 in the previous year[3] - The operating loss for the year was HKD 758,149,000, a reduction from HKD 875,881,000 in 2022, indicating a 13.4% improvement[3] - The net loss for the year was HKD 827,797,000, compared to a net loss of HKD 911,264,000 in 2022, reflecting a 9.1% decrease in losses[3] - The basic and diluted loss per share was HKD 550.66, compared to HKD 720.73 in the previous year, indicating a 23.5% improvement[4] - The company reported a fair value loss on investment properties of HKD 151,402,000, down from HKD 222,953,000 in 2022[3] - The property development and investment segment reported a loss of HKD 336,776 thousand for the year ended December 31, 2023, compared to a loss of HKD 673,184 thousand in the previous year[35] - The group incurred a net loss of HKD 156,169 thousand from the sale of subsidiaries during the year[35] - The financing costs for the year were HKD 133,787 thousand, reflecting the group's financial obligations[35] - The group reported a loss of approximately HKD 828 million for the year ending December 31, 2023, with total borrowings amounting to approximately HKD 4,670 million, of which current borrowings were about HKD 3,953 million[53] Assets and Liabilities - Total assets decreased to HKD 9,731,912,000 from HKD 13,106,384,000, a decline of 26.5% year-over-year[6] - Current liabilities decreased to HKD 8,138,485,000 from HKD 12,160,357,000, a reduction of 33.1%[6] - The company's equity decreased to HKD 2,225,585,000 from HKD 3,192,554,000, a decline of 30.3%[7] - Trade receivables decreased to HKD 12.009 million in 2023 from HKD 21.801 million in 2022, a reduction of 44.4%[45] - Trade payables decreased to HKD 1,407.726 million in 2023 from HKD 2,529.794 million in 2022, a decline of 44.2%[48] - The group's cash and bank balances as of December 31, 2023, were approximately HKD 23.8 million, down from HKD 88.4 million in the previous year[82] - The group's contracted but unprovided expenditures related to properties under construction and equipment amounted to approximately HKD 1,546.0 million as of December 31, 2023, down from approximately HKD 7,264.6 million in 2022[91] Debt and Financing - The company has a total borrowing of approximately HKD 4,670,000,000, with current borrowings amounting to HKD 3,953,170,000[12] - The group has received a notice regarding the early maturity of defaulted other borrowings amounting to approximately HKD 249 million, raising significant doubts about the group's ability to continue as a going concern[56] - The company has plans to repay a loan of approximately HKD 378 million due in October 2025 using proceeds from the second phase of the equity sale[17] - The group has secured a new unsecured loan financing of approximately RMB 1,000 million after December 31, 2023, without further drawing from the undrawn amounts[22] - The group expects to meet its obligations to bondholders through the completion and handover of properties as planned[22] Market Conditions - The Chinese economy faced external challenges in 2023, with GDP reaching approximately RMB 126.06 trillion, reflecting a year-on-year growth of about 5.2%[60] - National statistics indicated that the total sales area of commercial housing in 2023 was approximately 1.12 billion square meters, a year-on-year decrease of about 8.5%[61] - The total sales value of commercial housing was approximately RMB 11.66 trillion, down about 6.5% year-on-year, with residential sales value declining by approximately 6.0%[61] - Real estate development investment fell by approximately 9.6% year-on-year, marking a continuous decline for two consecutive years[61] - Despite some policy benefits, the real estate market remains in a bottoming phase, with insufficient recovery in consumer confidence and purchasing power, leading to significant sales pressure[65] Strategic Initiatives - The company has implemented a debt management plan to reduce debt costs and alleviate repayment pressure, focusing on ensuring timely project delivery[67] - The company is actively adjusting its marketing strategies and supply rhythms to accelerate sales and cash recovery in better-performing projects[67] - The company anticipates a shift in the real estate market dynamics, with a focus on affordable housing and a dual-track system for public and commercial housing development[74] - The company aims to enhance project management efficiency and construction quality to ensure timely and quality project completion[74] Operational Developments - The company achieved a significant revenue increase of approximately 55.6% in its KTV business, reflecting improved brand recognition and market response[68] - The company successfully sold 51% of its stake in Shantou Taisheng, with plans to complete the remaining 49% within 12 months, although delays have been encountered[71] - The company has five real estate development projects in major cities, covering a total construction area of approximately 1.3 million square meters[65] Corporate Governance - The board has prepared a cash flow forecast covering the next 15 months to alleviate liquidity pressure and improve financial conditions[15] - The audit committee has reviewed and approved the group's financial results for the year ended December 31, 2023[105] - The board does not recommend any final dividend for the year ended December 31, 2023, consistent with no dividends in 2022[94]

2023 INTERIM REPORT 中期報告 http://www.hk0299.com 120915 INTERIM REPORT 中期報告 2023 CONTENTS 目錄 | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Management Discussion and Analysis | 5 | | 管理層討論與分析 | | | Corporate Governance and Other Information | 13 | | 企業管治及其他資料 | | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 21 | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated Statement of Financial Position | 23 | | 簡明綜合財務狀況表 | | | Condensed Consolidated Statement of Changes in ...

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，概不對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的任何損失承擔任何責任。 截至二零二三年六月三十日止六個月的中期業績 寶新置地集團有限公司（「本公司」）董事（「董事」）欣然宣佈本公司及其附屬公司（統 稱「本集團」）截至二零二三年六月三十日止六個月（「本期間」）的未經審核簡明綜合 業績，有關業績已由本公司的審核委員會（「審核委員會」）審閱。 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 營業額 5 159,592 1,253,295 銷售成本 (216,175) (1,381,738) ...

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，概不對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的任何損失承擔任何責任。 關於截至二零二二年十二月三十一日止年度 年報之補充公告 茲提述(i)寶新置地集團有限公司（「本公司」）日期為二零一八年四月二十六日之公告（「該 公告」），內容有關本公司間接持有之非全資附屬公司深圳寶新實業有限公司、深圳錦汕 及謝先生就收購目標公司51%股本權益而訂立之投資合作協議；及(ii)本公司截至二零二 二年十二月三十一日止年度之年報（「二零二二財政年度年報」）。除另有界定外，本公告 所用詞彙與該公告所界定者具有相同涵義。 有關溢利保證之補充資料 根據投資合作協議，深圳錦汕及謝先生（統稱「擔保人」）共同及個別地保證，自完成與該 投資有關的工商變更登記之日起計三(3)年（「保證期」），目標公司須以向深圳寶新實業有 限公司合共派付不少於人民幣200,000,000元分紅之方式分派溢利（「溢利保證」）。 根據溢利保證，(i)深圳錦汕及謝先生各自須就溢利保證共同及個別向深圳寶新實業有限 公司負責，而彼等各自 ...

2022 Annual Report 年 報 CONTENTS 目錄 寶新置地集團有限公司 2022年報 1 Corporate Information 公司資料 2 Five-Year Financial Summary 五年財務概要 5 Chairman's Statement 主席報告 7 Management Discussion and Analysis 管理層討論與分析 14 Directors and Key Personnel Profiles 董事及主要人員簡介 26 Report of the Directors 董事會報告 30 Corporate Governance Report 企業管治報告 49 Independent Auditor's Report 獨立核數師報告 69 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 74 Consolidated Statement of Financial Position 綜合財務狀況表 76 Consolidate ...

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。 二零二二年末期業績公告 寶新置地集團有限公司（「本公司」）董事（「董事」）欣然宣佈本公司及其附屬公司（統 稱「本集團」）截至二零二二年十二月三十一日止年度（「本年度」）的綜合財務業績如 下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 持續經營業務 營業額 5 1,617,467 5,504,341 銷售成本 (2,142,594) (5,234,073) 毛（損）╱利 (525,127) 270,268 ...