香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不對因本公佈全部或任何部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。 (股份代號：355) 盈利警告 本公佈乃 Century City International Holdings Limited （「本公司」，連同其附屬公司統稱 「本集團」）根據香港聯合交易所有限公司證券上市規則第13.09(2)(a)條及香港法例第 571章證券及期貨條例第XIVA部之內幕消息條文而作出。 本公司董事會（「董事會」）謹此知會本公司股東及有意投資者，根據本公司管理層對本 集團於截至二零二四年十二月三十一日止年度之未經審核綜合管理賬目所作初步審閱， 預期本集團於截至二零二四年十二月三十一日止年度將錄得約港幣1,026,000,000元之 淨虧損，而於去年錄得之虧損為港幣670,400,000元。 本集團之核心業務主要包括物業發展及投資以及酒店擁有及經營。由於香港及中國房地 產市況低迷，本集團於年內物業銷售進度較預期為慢，以致自物業銷售所得之盈利貢獻 低於上一年度。本集團之酒店業務主要透過本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不對因本公佈全部或任何部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。 Century City International Holdings Limited（「本公司」）之董事會（「董事會」）宣佈本公 司將於二零二五年三月二十八日（星期五）舉行董事會會議，藉以批准發佈本集團（包 括本公司及其附屬公司）截至二零二四年十二月三十一日止年度之全年業績及其他相關 事宜。 承董事會命 Century City International Holdings Limited 林秀芬 秘書 香港，二零二五年三月十四日 於本公佈刊發日期，董事會包括下列成員： (股份代號：355) 董事會會議日期 羅旭瑞先生 （主席兼行政總裁） 羅俊圖先生 （副主席） 羅寶文女士 （副主席） 吳季楷先生 （首席營運官） 梁蘇寶先生 温子偉先生 執行董事： 獨立非執行董事： 莊澤德先生 伍頴梅女士，JP 黃之強先生 ...

於百慕達之註冊辦事處及 股份登記過戶處之變更 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda (股份代號：355) 董事會進一步公佈，自二零二五年一月一日起，本公司於百慕達之股份登記過戶處已由 MUFG Fund Services (Bermuda) Limited，地址為 4th Floor North, Cedar House, 41 Cedar Avenue, Hamilton HM 12, Bermuda 變更為： Conyers Corporate Services (Bermuda) Limited，地址為 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 卓佳登捷時有限公司（「卓佳」）仍為本公司在香港之股份登記過戶分處。於香港進行股 份過戶登記之申請須送交卓佳，其地址為香港夏慤道16號遠東金融中心17樓。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不對因本公佈全部或任何部份內容而產生或 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $150 million for the first half of the year, representing a 20% growth compared to the previous year[1]. - For the six months ending June 30, 2024, the group recorded a consolidated loss attributable to shareholders of HKD 422.6 million, compared to a loss of HKD 243.7 million in the same period of 2023[8]. - Revenue for the six months ended June 30, 2024, was HKD 1,390.1 million, a decrease of 13.2% compared to HKD 1,602.7 million for the same period in 2023[63]. - Gross profit for the same period was HKD 412.3 million, down 35.7% from HKD 642.5 million year-on-year[63]. - The company reported a loss attributable to equity holders of HKD 1,022.7 million, compared to a loss of HKD 651.7 million in the previous year, representing a 56.8% increase in losses[64]. - Basic and diluted loss per share was HKD 14.44 cents, compared to HKD 8.66 cents in the prior period[63]. Operational Highlights - User data showed a 15% increase in active users, reaching 1.2 million by the end of the reporting period[1]. - The hotel business in Hong Kong showed stable operational performance, with a profit contribution from hotel operations increasing by over 60% compared to the same period last year[14]. - The average hotel occupancy rate increased from 80.0% in 2023 to 83.0% in 2024, with average room rates rising by 5.3%, resulting in a 9.2% year-on-year increase in RevPAR[15]. - The hotel project at Hong Kong International Airport has a site area of approximately 6,650 square meters (71,580 square feet) and a total gross floor area of 33,700 square meters (362,750 square feet), featuring 1,208 rooms and suites, officially opened in April 2023[40]. Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% driven by new product launches and market expansion initiatives[1]. - Investment in new technology development increased by 30%, with a focus on enhancing operational efficiency and customer experience[1]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[1]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's service offerings and customer base[1]. Market Conditions - The group's overall business operations maintained positive performance; however, profits from property sales significantly decreased due to a weakening real estate market in Hong Kong and mainland China[8]. - The luxury residential property market remains resilient, benefiting from limited supply and increased demand from the government's relaxed immigration policies[12]. - The total number of visitors to Hong Kong reached 21.2 million in the first half of 2024, a year-on-year increase of 64.2%, with 16.1 million coming from mainland China[15]. - The overall sales of new residential properties in China continued to contract year-on-year, particularly in the commercial and retail sectors[23]. Financial Position - As of June 30, 2024, the group's cash and bank deposits amounted to HKD 1,765,800,000, while total liabilities were HKD 18,144,800,000, resulting in a debt-to-asset ratio of 47.3%[57]. - The net cash flow from operating activities during the review period was HKD 20,800,000, a decrease from HKD 367,200,000 in the previous year[56]. - The group's adjusted net asset value per share, considering the market value of its hotel properties in Hong Kong, is calculated at HKD 3.23[53]. - The company reported a net cash outflow from financing activities of HKD 965.5 million, compared to a net outflow of HKD 678.6 million in the prior year[72]. Sustainability Efforts - The management emphasized the importance of sustainability in their new strategies, aiming for a 50% reduction in carbon footprint by 2025[1]. - The group has completed afforestation on approximately 4,300 mu of land in Xinjiang, with 1,843 mu available for real estate development pending government inspections[50]. Corporate Governance - The company has complied with the corporate governance code during the six months ending June 30, 2024, except for the separation of the roles of Chairman and CEO[142]. - The interim financial data includes a consolidated balance sheet and income statement for the six months ending June 30, 2024[146].

Financial Performance - For the six months ended June 30, 2024, the company reported a consolidated loss attributable to shareholders of HKD 422.6 million, compared to a loss of HKD 243.7 million for the same period in 2023, representing an increase of 73.4%[3] - Revenue for the same period decreased by 13.3% to HKD 1,390.1 million, down from HKD 1,602.7 million in 2023[2] - Gross profit for the six months was HKD 412.3 million, a decline of 35.8% from HKD 642.5 million in the previous year[2] - EBITDA for the period was HKD 87.3 million, a significant drop of 70.0% from HKD 291.4 million in 2023[2] - The company’s core business reported a loss of HKD 210.8 million, compared to a loss of HKD 70.5 million in the prior year, reflecting an increase of 199.0%[2] - For the six months ended June 30, 2024, the company recorded a consolidated loss attributable to shareholders of HKD 676.3 million, compared to a loss of HKD 383.1 million in the same period of 2023[8] - For the same period, the company reported a consolidated loss attributable to shareholders of HKD 1,599.2 million, an increase from a loss of HKD 762.6 million in 2023[9] - The company recorded an unaudited consolidated loss of HKD 19.8 million for the six months ended June 30, 2024, compared to a profit of HKD 105.2 million in the same period of 2023[10] - The company reported a consolidated loss attributable to shareholders of HKD 169 million for the six months ended June 30, 2024, compared to a loss of HKD 98.3 million in 2023[11] - The group reported a loss attributable to equity holders of HKD 1,022.7 million for the six months ended June 30, 2024, compared to a loss of HKD 651.7 million in the same period of 2023[47] - Total comprehensive loss for the period was HKD (1,075.0) million, up from HKD (822.9) million in the previous year, indicating a year-over-year increase of 30.7%[49] - The company reported a basic and diluted loss per share of HKD (14.44) cents for the six months ended June 30, 2024, compared to HKD (8.66) cents for the same period in 2023, indicating a worsening of 66.1%[48] Asset and Liability Management - The adjusted net asset value per share as of June 30, 2024, was HKD 3.23, down 4.4% from HKD 3.38 as of December 31, 2023[2] - As of June 30, 2024, the group's total liabilities were HKD 18,144.8 million, up from HKD 17,785.2 million as of December 31, 2023[40] - The asset-liability ratio increased to 47.3% as of June 30, 2024, compared to 44.3% at the end of 2023[40] - The company's net asset value decreased to HKD 15,249.2 million from HKD 16,396.5 million, a decline of 7.0%[50] - The company's total liabilities increased to HKD 23,073.1 million as of June 30, 2024, from HKD 22,740.5 million as of December 31, 2023, reflecting a slight increase of 1.5%[50] - The net current assets amount to HKD 1,478.2 million as of June 30, 2024, reflecting a decrease of HKD 851.8 million from December 31, 2023[54] Revenue and Income Sources - The group's revenue for the six months ended June 30, 2024, was HKD 1,390.1 million, a decrease of 13.2% compared to HKD 1,602.7 million for the same period in 2023[47] - Revenue from property development and investment was HKD 504.1 million, down 36.8% from HKD 798.0 million year-over-year[57] - Hotel operations and management revenue increased to HKD 838.6 million, up 12.4% from HKD 746.4 million in the previous year[57] - Other income sources included rental income from hotel properties of HKD 24.8 million, up from HKD 23.6 million, and investment properties of HKD 37.8 million, down from HKD 40.0 million[58] - The company generated HKD 69.2 million from the sale of properties, factories, and equipment, with no comparable revenue in the previous year[59] - The company reported a total of HKD 118.6 million in other income and gains, significantly up from HKD 41.3 million in the previous year[59] Operational Challenges and Market Conditions - The company continues to face challenges due to a weakened real estate market in Hong Kong and mainland China, impacting property sales significantly[5] - The financing costs increased due to relatively high interest rates in Hong Kong, contributing to the overall consolidated loss for the period[5] - The overall performance indicates a strategic shift towards enhancing operational efficiency and diversifying income streams amid challenging market conditions[57] Business Development and Projects - The company holds a 48% interest in 8D Matrix Limited, which focuses on producing quality multimedia content and related services[14] - The company has distributed nearly 7 million books in collaboration with KFC across 5,000 stores in China since 2017[15] - The company plans to develop a series of bilingual educational books focused on environmental, social, and governance themes in collaboration with well-known publishers[15] - The residential project "尚築" has sold all units, while 7 garden houses in "富豪‧悅庭" are still available for sale[17] - The "富豪‧山峯" project has achieved total sales of HKD 4,356,000,000, with 20 garden houses and 55 apartment units sold or under contract[20] - The "富豪酒店國際控股有限公司" has developed a new hotel at Hong Kong International Airport, with a total floor area of 33,700 square meters and 1,208 rooms, officially opened in April 2023[25] - The "We Go MALL" shopping mall has maintained stable leasing conditions since its opening in 2018, with a site area of 5,090 square meters[18] - The "尚都" project has completed the sale of all residential units and several commercial units, with a total floor area of 7,159 square meters[19] - The "富豪‧山峯" project has received 8 international awards, including the Best Luxury Residential Project in Hong Kong in 2021[20] - The company is closely monitoring market conditions to align with its sales plans for remaining valuable units in various projects[20] - The company has completed the demolition of existing properties at the site on 金華街 and is finalizing plans for a commercial/residential development[23] - The company has acquired properties on 青山道 for redevelopment, with plans to integrate historical preservation into the new project[24] - The project at 160 Queen's Road West has a total floor area of approximately 5,826 square meters (62,711 square feet) and includes 130 residential units, with occupancy permits issued in August 2022[26] - The acquisition of the property at 227-227C Hoi Tan Street was completed through a judicial process, with a total site area of 431 square meters (4,644 square feet) planned for commercial/residential development[27] - A garden house at Regal Bay was sold for HKD 105,000,000, with 8 garden houses remaining for sale, totaling approximately 3,719 square meters (40,028 square feet)[28] - The hotel property in Barcelona has 186 rooms and is currently leased to a third party, generating stable rental income[29] - The historical building at 41 Kingsway, London, has a total floor area of approximately 2,150 square meters (23,140 square feet), with plans for alternative commercial strategies under consideration[30] - The renovation project in Lisbon has a total floor area of approximately 1,836 square meters (19,768 square feet), with permits expected to be issued in August 2024 for residential and commercial units[31] - The Chengdu project has a total floor area of approximately 495,000 square meters (5,330,000 square feet), with residential sales generating approximately RMB 2,048,300,000 (HKD 2,243,100,000)[32] - In the Tianjin project, a total area of 9,744 square meters (104,884 square feet) of commercial space was sold for approximately RMB 185,400,000 (HKD 200,600,000)[34] Governance and Compliance - The company adhered to the corporate governance code as per the Hong Kong Stock Exchange, with the exception of the roles of Chairman and CEO not being separated[70] - The company did not declare an interim dividend for the fiscal year ending December 31, 2024[46] - The company did not declare or pay any dividends for the six months ended June 30, 2024, consistent with the previous year[64] - There were no repurchases, sales, or redemptions of the company's listed securities during the six months ended June 30, 2024[68] - The company has adopted revised Hong Kong Financial Reporting Standards, which did not significantly impact its financial position or performance[52]

Financial Performance - For the year ending December 31, 2023, the net cash flow from investing activities was HKD 85.5 million, an increase from HKD 44.0 million in 2022[13]. - The company reported a total of HKD 4,234.1 million in new bank loans, compared to HKD 5,129.8 million in 2022, while the repayment of bank loans was HKD (4,136.2) million[13]. - The net cash flow from financing activities was HKD (1,328.1) million, slightly improved from HKD (1,342.8) million in 2022[13]. - The company received interest income of HKD 55.4 million, up from HKD 35.2 million in the previous year[13]. - The company reported a decrease in cash and cash equivalents of HKD (3.6) million, compared to an increase of HKD 89.8 million in 2022[13]. Investment Activities - The company acquired a subsidiary for HKD 1.0 million during the year, while the purchase of financial assets at amortized cost was HKD (30.0) million, down from HKD (184.8) million in the previous year[13]. - The issuance of unsecured notes amounted to HKD 312.0 million, an increase from HKD 156.0 million in the previous year[13]. - The company is focused on expanding its investment portfolio and enhancing asset management services[16]. Equity Interests - The company reported a 62.3% equity interest in Shenzhen Chuangxian Intelligent Technology Co., Ltd. and its main business includes security systems and software design, development, and distribution[21]. - The company holds a 52.7% equity interest in Yieldtop Holdings Limited, which focuses on investment holding[21]. - The company has a 54.2% equity interest in Kunming China-US Friendship Park, primarily engaged in project management[21]. - The company has a 43.1% equity interest in R.H.I. Licensing B.V., which is involved in trademark holding[31]. - The company reported a 32.3% equity interest in Regal REIT, which focuses on property investment[32]. - The company has a 43.1% equity interest in Wealthy Path Investments, which is engaged in investment holding[32]. - The company has a 43.1% equity interest in Will Smart Investments Limited, which focuses on property investment[32]. - The company has a 43.1% equity interest in Unicorn Star Limited, which is involved in financial asset investment[32]. - The company reported a registered capital of 140,000 USD for 富豪酒店投資管理（上海）有限公司, which is engaged in hotel management[32]. - The company has issued 3,257,431,189 fund units for Regal REIT, reflecting its significant market presence in property investment[32]. Financial Reporting Standards - The group has adopted new and revised Hong Kong Financial Reporting Standards in the current year's consolidated financial statements[66]. - The amendments to HKAS 8 clarify the distinction between changes in accounting estimates and changes in accounting policies, with no impact on the group's financial statements[39]. - The amendments to HKAS 21 require entities to assess the exchangeability of currencies and disclose the impact of non-exchangeable currencies, but are not expected to have a significant impact on the group's financial statements[43]. - The amendments to HKAS 1 require entities to disclose significant accounting policy information, which the group has done in its financial statement notes[67]. - The group has maintained consistent accounting policies across its subsidiaries, ensuring that their financial statements are prepared using the same reporting period and accounting policies[64]. - The group is currently evaluating the impact of the amendments to the Hong Kong Financial Reporting Standards, particularly regarding the classification of a loan agreement amounting to HKD 851,800,000[72]. - The amendments clarify the classification of liabilities as current or non-current, which will not significantly impact the group's financial statements[72]. Risk Management and Internal Control - The board has conducted an annual review of the effectiveness of the group's risk management and internal control systems[130]. - The management has implemented a comprehensive risk management and internal control system to identify and monitor significant operational risks[171]. - The board of directors is responsible for the company's risk management and internal control systems, with regular reviews conducted to assess their effectiveness[190]. Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the Listing Rules[170]. - The company has established policies to ensure insider information is disclosed fairly and timely according to applicable laws and regulations[190]. - The company emphasizes the importance of confidentiality regarding insider information until it is publicly disclosed[190]. - The company has a structured approach to compliance, with the company secretary providing updates on legal and regulatory responsibilities to new directors[191]. - The company has implemented a training program for directors to enhance their knowledge and skills, ensuring they contribute effectively to the board[191]. - The company has a comprehensive governance report included in its annual report, detailing its corporate governance practices[194]. Board Committees - The group has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee to fulfill different functions authorized by the board[48]. - The audit committee reviewed the accounting standards and internal controls, holding two meetings in 2023 with full attendance from its members[183]. - The remuneration committee held one meeting in 2023 to review the remuneration policies for directors and senior management, with full attendance from its members[186]. - The board has established a nomination committee to ensure fair and transparent nomination and selection processes for directors[165]. - The company emphasizes the importance of a diverse board to achieve strategic and business objectives, adopting a board diversity policy[166]. Financial Statements - The financial statements include a consolidated income statement, comprehensive income statement, and cash flow statement, providing a clear view of the company's financial performance[194]. - The company confirmed its responsibility for preparing financial statements that accurately reflect its financial position and comply with applicable accounting standards[168]. - The external auditor, Ernst & Young, has provided a statement regarding its reporting responsibilities, included in the independent auditor's report of the annual report[169]. - The company reported a financial statement review for the six months ending June 30, 2023, with a total of HKD 1.8 million[189]. Asset Management - The group conducts annual impairment tests for goodwill, with the most recent test performed on December 31[75]. - Any impairment loss is recognized when the carrying amount of an asset exceeds its recoverable amount, which is determined based on the higher of its fair value less costs to sell and its value in use[86]. - The group recognizes gains or losses from changes in the fair value of investment properties in the income statement for the year they occur[87]. - The group assesses whether a contract contains a lease at the inception of the contract, classifying it accordingly[88]. - The group recognizes expected credit losses based on the difference between contractual cash flows and expected cash flows[133]. - The group has established a provision matrix based on historical credit loss experience and adjusts for specific forward-looking factors[136]. - The group’s intangible assets are tested for impairment at the cash-generating unit level annually[120]. - The group adopts a single method for recognizing and measuring all leases, excluding short-term leases and low-value asset leases[139]. - Lease liabilities are recognized at the present value of lease payments made during the lease term, including fixed payments and variable lease payments based on an index or rate[141].

Financial Performance - Revenue for the fiscal year 2023 was HKD 2,810.1 million, a decrease of 29.8% compared to HKD 4,005.2 million in 2022[3]. - Gross profit for the fiscal year 2023 was HKD 1,128.5 million, down 34.6% from HKD 1,726.4 million in 2022[3]. - Operating profit before depreciation, financing costs, and tax was HKD 280.4 million, a decline of 74.3% from HKD 1,089.6 million in the previous year[3]. - The core business reported a loss of HKD 318.4 million, compared to a profit of HKD 194.3 million in 2022, indicating a significant shift in performance[3]. - The loss attributable to equity holders of the parent company was HKD 670.4 million, an increase of 322.4% from a loss of HKD 158.7 million in the previous year[3]. - The basic loss per share attributable to equity holders was HKD 0.2323, up 245.7% from HKD 0.0672 in 2022[3]. - The group recorded a consolidated loss attributable to shareholders of HKD 670,400,000, compared to a loss of HKD 158,700,000 in the previous fiscal year[26]. - The group reported a loss of HKD 1,684.6 million for the year ended December 31, 2023, compared to a loss of HKD 399.5 million in 2022[125]. - The total comprehensive loss for the year was HKD 2,103.8 million, significantly higher than the loss of HKD 695.6 million in the prior year[154]. - The total loss before tax for the year was HKD 1,699.0 million, compared to a loss of HKD 285.3 million in the previous year[191]. Depreciation and Expenses - Total depreciation expense for the 11 owned hotels was HKD 689.5 million, including HKD 123.4 million for the newly opened hotel[9]. - The group incurred total depreciation expenses of HKD 689,500,000 for its 11 wholly-owned hotels in Hong Kong, which negatively impacted financial performance despite having no immediate cash flow effect[26]. - Financing costs increased to HKD 1,222.9 million in 2023, up from HKD 601.9 million in 2022, reflecting a rise in interest expenses[174]. - Administrative expenses decreased slightly to HKD 408.5 million in 2023 from HKD 423.4 million in 2022[148]. - The company incurred depreciation expenses of HKD 728.7 million in 2023, slightly down from HKD 736.3 million in 2022[191]. Assets and Liabilities - The total assets of the group were HKD 40,137 million as of December 31, 2023, compared to HKD 42,094.7 million in 2022[100]. - As of December 31, 2023, the debt-to-asset ratio was 44.3%, up from 40.7% in 2022, with total liabilities amounting to HKD 17,785.2 million[100]. - The company's non-current assets decreased from HKD 29,302.1 million to HKD 28,804.2 million, a decline of approximately 1.7% year-over-year[130]. - Current assets also saw a reduction from HKD 12,792.6 million to HKD 11,332.8 million, representing a decrease of about 11.4%[130]. - Total current liabilities decreased from HKD 9,946.0 million to HKD 7,844.7 million, a reduction of approximately 21.2%[131]. - The total liabilities increased slightly to HKD 23,740.5 million in 2023 from HKD 23,413.1 million in 2022[192]. Revenue Breakdown - The company’s revenue from external customers in property development and investment for 2023 was HKD 945.3 million, a decrease of 56.7% from HKD 2,184.2 million in 2022[191]. - The company’s hotel ownership and management segment reported a revenue of HKD 1,736.2 million in 2023, a slight increase from HKD 1,694.0 million in 2022[191]. - Hotel operations and management services generated revenue of HKD 1,670.6 million, up from HKD 1,626.9 million in the previous year[195]. - The financial assets investment segment generated revenue of HKD 20.9 million in 2023, down from HKD 32.3 million in 2022, a decrease of 35.0%[191]. - The Hong Kong market contributed HKD 2,684.2 million in revenue, down from HKD 2,946.3 million in 2022[193]. Future Outlook and Strategy - The management is confident in overcoming challenges and aims to turn losses into profits as the economy recovers[7]. - The company plans to continue reviewing opportunities that promote long-term development[27]. - The company plans to focus on market expansion and new product development to drive future growth[192]. - Century Creative Technology is exploring partnerships with leading global education platforms to enhance its social impact and brand recognition[23]. Investments and Projects - The group completed the acquisition of a local securities brokerage firm in February 2023, which has since been renamed to Cheng Li Securities Limited, although its business progress has been slow due to a weak stock market[35]. - The hotel project near Hong Kong International Airport has a site area of approximately 6,650 square meters and a total gross floor area of 33,700 square meters[58]. - The luxury residential project consists of 136 apartment units and 24 independent garden houses, with a total gross floor area of approximately 32,474 square meters[74]. - The integrated development project in Chengdu has a total floor area of approximately 495,000 square meters, with 4,002 square meters of retail space sold for a total consideration of RMB 93.2 million (approximately HKD 100.6 million)[88]. - The company is considering alternative commercial plans for a historical property in London due to recent market changes[82].

Financial Performance - For the six months ended June 30, 2023, the group recorded a loss attributable to shareholders of HKD 243.7 million, compared to a profit of HKD 137.3 million in the same period of 2022[9]. - For the six months ended June 30, 2023, the company recorded a consolidated loss attributable to shareholders of HKD 762.6 million, compared to a profit of HKD 138.3 million in the same period of 2022[47]. - The group recorded a net loss attributable to shareholders of HKD 651.7 million for the six months ended June 30, 2023, compared to a profit of HKD 298.9 million in the same period last year[93]. - The group’s net loss attributable to shareholders, excluding fair value changes and depreciation, was HKD 234.4 million during the review period[20]. - The core business of the company recorded a loss of HKD 14.8 million during the period, primarily due to a significant increase in financing costs from bank loans linked to the Hong Kong Interbank Offered Rate (HIBOR) which surged since the second quarter of this year[51]. - The company reported a significant increase in dividends received from non-listed investments to HKD 4.7 million from HKD 0.8 million, a rise of 487.5%[126]. - The total revenue for the six months ended June 30, 2023, was HKD 1,602.7 million, a decrease of 45.0% compared to HKD 2,915.0 million for the same period in 2022[184]. Hotel Operations - The average hotel occupancy rate in Hong Kong increased from 63.0% in 2022 to 80.0% in 2023, with average room rates rising by 25.3%, leading to a 59.1% increase in RevPAR year-on-year[22]. - The hotel business underperformed expectations due to the slow recovery of flight numbers and overall commercial activity around the airport, impacting the performance of the hotel operated by the company[50]. - The hotel property in Mong Kok has officially opened in April 2023, featuring 1,208 rooms and sustainable design certifications[102]. - Rental income from hotel properties was HKD 23.6 million, slightly up from HKD 22.2 million year-on-year[184]. Property Development and Sales - The company sold or contracted to sell a total of 20 garden houses and 53 apartment units, with total sales amounting to HKD 4,299.3 million, including 17 garden houses and 47 apartment units sold during the review period[42]. - The company plans to continue gradually launching the sale of remaining properties, including 3 garden houses and 83 apartment units, which hold significant sales value[42]. - The group has sold nearly all residential units in the Chengdu project, but the sales progress for the commercial complex is relatively slow[109]. - Revenue from property development and investment reached HKD 764.7 million, while hotel operations generated HKD 708.1 million, contributing to a total customer contract revenue of HKD 1,514.3 million[162]. Financial Position - The total asset value adjusted for the hotel property portfolio in Hong Kong was HKD 51.15 billion, with a debt-to-asset ratio of 34.0%[88]. - The group’s total liabilities as of June 30, 2023, amounted to HKD 17,391.6 million, compared to HKD 17,132.5 million at the end of 2022[115]. - The total equity attributable to shareholders was HKD 18,681.6 million, down from HKD 17,783.0 million, reflecting a decrease of approximately 4.8%[122]. - The retained earnings as of June 30, 2023, were HKD 4,333.3 million, down from HKD 4,065.5 million, indicating a decrease of about 6.2%[122]. - The company’s bank borrowings decreased from HKD 7,929.2 million to HKD 5,906.4 million, a reduction of approximately 25.6%[144]. Cash Flow and Financing - The group reported a net cash flow of HKD 367.2 million for the period, compared to HKD 360.8 million in the previous year[87]. - The net cash flow from operating activities for the six months ended June 30, 2023, was HKD 367.2 million, compared to HKD 360.8 million for the same period in 2022, reflecting a slight increase of 1.1%[126]. - The net cash flow used in investing activities was HKD (32.2) million for the six months ended June 30, 2023, compared to HKD 5.8 million for the same period in 2022, indicating a significant decrease in cash flow from investments[126]. - The net cash flow used in financing activities was HKD (678.6) million for the six months ended June 30, 2023, compared to HKD (1,226.2) million for the same period in 2022, showing an improvement in cash flow management[126]. Market Conditions - The economic activity in China rebounded in early 2023, with GDP growth estimated at 5.5% year-on-year for the first half of the year[21]. - The property market in China showed a moderate rebound in the first quarter of 2023, benefiting from the government's supportive policies, but the momentum did not sustain into the second quarter due to weak export trade and domestic consumption[57]. - The company remains optimistic about the future outlook, supported by a solid business foundation established over the years[35]. - The company is optimistic about the recovery of the Hong Kong tourism and hotel market, expecting its hotel operations to continue contributing stable income[60]. Other Developments - The group is currently undertaking a commercial/residential redevelopment project in Hong Kong, indicating ongoing market expansion efforts[55]. - The group is exploring alternative business and redevelopment plans for a historical heritage property due to recent market changes[105]. - The group is in discussions with government departments regarding a proposal that combines development and conservation of historical heritage[73]. - The group has initiated the pre-sale of residential units, with some units being converted for rental purposes due to changing market conditions[75]. - The group employs approximately 1,810 staff, with overall compensation levels in line with market standards[119].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不對因本公佈全部或任何部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。 (股份代號：355) 二零二三年中期業績公佈 財務及業務摘要 截至二零二三年 截至二零二二年 六月三十日止六個月 六月三十日止六個月 %轉變 (未經審核) (未經審核) 港幣百萬元 港幣百萬元 收入 1,602.7 2,915.0 -45.0% 毛利 642.5 1,341.8 -52.1% 減除折舊、融資成本及 稅項前之經營業務盈利 291.4 1,015.7 -71.3% 核心業務之盈利/(虧損) ★ (70.5) 307.7 不適用 母公司股份持有人 應佔盈利/(虧損) (243.7) 137.3 不適用 母公司股份持有人 應佔每股普通股 ...

Business Development and Redevelopment - The group is exploring alternative business and redevelopment plans for a historical property to optimize its intrinsic value due to recent market changes[1] - The group has completed judicial procedures for compulsory sale of land, now owning 100% interest in a redevelopment property with a total site area of 431 square meters (4,644 square feet) and a total floor area of approximately 3,691 square meters (39,733 square feet)[7] - A historical building in London, acquired in 2019, has a total floor area of approximately 2,150 square meters (23,140 square feet) and is currently vacant[4] - The group is conducting a commercial/residential redevelopment project in Sham Shui Po, Hong Kong, and still owns 9 garden houses in Favour Bay, which may be sold if the price is right[90] - The group has a renovation project for a property in Lisbon, Portugal, and a historical building in a prime location in London without a confirmed development plan[91] Property and Hotel Operations - The group retains ownership of 9 garden houses with a total floor area of approximately 4,178 square meters (44,972 square feet), with 3 for investment, 4 for sale, and 2 for property, plant, and equipment[2] - The hotel property has a total of 186 rooms, acquired in 2014, and has recently reached a formal settlement with the tenant regarding overdue and disputed rent[3] - The group's hotels generated stable income during the first half of 2022 by operating as quarantine facilities under government programs[42] - The group anticipates a transitional period for its hotels to return to normal operations following the end of the quarantine program in late September 2022, which may affect second-half revenue[43] - The average hotel occupancy rate in Hong Kong for 2022 was 66.0%, a 3.0 percentage point increase from the previous year, with RevPAR increasing by 29.7%[107] Financial Performance - The group recorded an unaudited consolidated profit of HKD 137,300,000 for the six months ended June 30, 2022, primarily due to property sales from developments in Hong Kong and Chengdu, China[42] - For the year ended December 31, 2022, the group reported a consolidated loss attributable to shareholders of HKD 158,700,000, an improvement from the loss of HKD 296,800,000 in the previous year[67] - The group recorded a comprehensive profit of HKD 929,900,000 for the year, up from HKD 577,100,000 in the previous fiscal year, driven by a fair value gain of HKD 754,700,000 from investment properties[83] - The group recorded a total depreciation expense of HKD 693,800,000 for its 11 wholly-owned hotels, including HKD 121,000,000 for the newly opened Lihau Hotel[69] - The group reported a loss attributable to shareholders of HKD 158,700,000, impacted by rising financing costs and tax expenses related to property projects in China[69] Market Conditions and Economic Outlook - The average price of residential units in Hong Kong fell by over 15% during the year, ending a decade-long upward trend in property prices[76] - The overall GDP growth in China for 2022 was only 3.0%, below the initial target of 5.5%, due to COVID-19 restrictions impacting economic activities[93] - The Chinese real estate market remains weak, with both primary and secondary property sales volumes further declining compared to 2021[122] - The overall economic sentiment in Hong Kong is improving, with the government forecasting a significant economic rebound of 3.5% to 5.5% for the year[153] - The Hong Kong property market is expected to gradually recover, driven by strong potential demand across various property types, despite uncertainties from high interest rates and external factors[160] Strategic Initiatives and Acquisitions - The group completed the acquisition of a local securities brokerage company in February 2023, which is expected to diversify its business and revenue base[48] - The group is actively promoting the services of the newly acquired securities brokerage to its extensive customer base, aiming for mutual benefits[48] - The group is expanding into the financial services sector with a new securities brokerage business[132] - The group is in discussions regarding the potential acquisition of a hotel within its integrated project[123] - The company continues to seek suitable business expansion opportunities aligned with its development goals[158] Asset Management and Investments - The group holds approximately 62.3% equity in Paliburg Holdings Limited, which operates its core property and hotel businesses[45] - The group holds a 49.2% stake in Sihai International Holdings, which could increase to 65.6% if all convertible bonds and preferred shares are converted[72] - The group has a solid portfolio of quality assets and diversified business interests, positioning it well for recovery[127] - The company has established a solid and diversified asset portfolio through its various subsidiaries, engaging in different business categories and regions[161] Future Expectations - The group is optimistic about its business performance following the recovery of the Hong Kong and Chinese economies[131] - The reopening of travel between Hong Kong and mainland China is expected to lead to a strong rebound in the tourism sector in 2023[154] - The company anticipates significant cash flow from remaining sales of its integrated property projects in Chengdu and Tianjin over the next few years[158] - The group anticipates a steady recovery in property prices and transaction volumes in the primary and secondary markets in the coming months[129] Community and Social Impact - The company is exploring partnerships with leading global education platforms to enhance its social impact and brand awareness, focusing on sustainable development education[189] - The company is considering specific ideas such as "learn-and-earn" virtual games to provide engaging learning experiences related to sustainable consumption[189] - The joint venture P&R, co-owned by the company and another partner, focuses on real estate project development for sale and/or lease, as well as related investment activities[191] Government Policies and Initiatives - The Hong Kong government is actively promoting the "Hello, Hong Kong" campaign, including the distribution of 500,000 free tickets to attract global tourists[126] - The Hong Kong government has introduced policies to attract overseas investment and talent, which will help enhance the competitiveness of Hong Kong in the long term[159]