Financial Performance - Revenue for the year ended December 31, 2024, was HKD 1,031.1 million, representing a 17% increase from HKD 882.4 million in 2023[17] - Gross profit decreased to HKD 635.2 million from HKD 680.7 million, reflecting a 7% decline[17] - The fair value change of investment properties and financial instruments resulted in a loss of HKD 1,357.9 million, up 97% from a loss of HKD 690.0 million in the previous year[17] - The pre-tax loss increased to HKD 2,521.6 million, a 228% rise compared to HKD 768.6 million in 2023[17] - The loss attributable to shareholders was HKD 2,559.5 million, which is 187% higher than the loss of HKD 890.4 million in the prior year[17] - Core consolidated profit attributable to shareholders, excluding fair value changes and impairment provisions, was HKD 92.0 million, a 53% decrease from HKD 197.0 million[17] - The group recorded a comprehensive loss of HKD 2,576,000,000 for the year, an increase from HKD 812,000,000 in 2023, highlighting significant financial pressures[29] - The total non-cash valuation loss for the year was HKD 2,652,000,000, compared to HKD 1,087,000,000 in 2023, reflecting ongoing market challenges[27] Assets and Equity - Total assets as of December 31, 2024, amounted to HKD 31,085.5 million, down 9% from HKD 33,988.1 million in 2023[17] - Total equity decreased to HKD 23,320.8 million from HKD 26,094.6 million, reflecting an 11% decline[17] - The net asset value of the group as of December 31, 2024, was HKD 23,321,000,000, a decrease of HKD 2,774,000,000 from HKD 26,095,000,000 in 2023, primarily due to dividend distributions and a loss of HKD 2,576,000,000 during the year[45] Dividends - The interim dividend per share was reduced to HKD 0.03 from HKD 0.06, and the final dividend per share was also reduced to HKD 0.04 from HKD 0.08, totaling HKD 0.07 compared to HKD 0.14 in the previous year[17] - The board proposed a final dividend of HKD 0.04 per share, totaling HKD 0.07 per share for the year, reflecting a cautious approach to shareholder returns amid financial losses[20] Property Development and Management - The property development segment reported revenue of HKD 325,000,000, up from HKD 212,000,000 in 2023, despite lower profit margins due to market conditions[30] - The group has initiated pre-sale preparations for residential projects "Cloud Towards" and a joint venture project near MTR stations, indicating ongoing market engagement[21] - The group has signed a management contract for a long-term rental apartment project in Shenzhen, consisting of 1,610 units, expanding its portfolio in the Greater Bay Area[23] - The group holds a 70% interest in the "OMA by the Sea" residential project, with 517 units and approximately 252,000 sq ft of usable area, having sold about 96% of the units by December 31, 2024[32] Market Outlook - The economic outlook for Hong Kong in 2025 remains uncertain, with potential support from recent U.S. Federal Reserve rate cuts, but caution is advised due to the changing global economic environment[55] - The residential property market may benefit from a gradual recovery in demand, supported by new capital investment plans, although a large supply of unsold units could hinder significant price growth in the short term[55] - The company anticipates a slight decrease in rental income from Hong Kong, while London rental income is expected to remain stable[56] - The company maintains a cautiously optimistic outlook for the Hong Kong real estate market, supported by the government's commitment to the sector and the foundation of the local economy[56] Corporate Governance - The company is committed to maintaining high standards of corporate governance, as evidenced by the qualifications and experience of its directors[80] - The board consists of five executive directors, three non-executive directors, and five independent non-executive directors, ensuring a balanced governance structure[166] - The company has established a Corporate Governance Committee on August 25, 2022, to enhance and ensure high standards of corporate governance[182] - The board has full discretion in granting these options and incentives, reflecting the company's commitment to rewarding performance and contribution[112] Employee Compensation and Incentives - The company continues to utilize stock options as a key component of its employee compensation strategy, aligning employee interests with shareholder value[105] - The 2023 stock option plan and share incentive plan aim to recognize, motivate, and reward contributors to the group, helping retain existing and attract new valuable directors and employees[113] - The total number of employees eligible for the share incentive plan is significant, with 4,346,750 share incentives granted specifically to employees[117] Sustainability and Social Responsibility - The company is committed to corporate social responsibility initiatives, including community engagement and environmental policies[61][63] - The company has a strong focus on environmental, social, and governance (ESG) policies, which are crucial for its business success[88] Leadership and Management - 郭炳聯先生 has been a non-executive director since 1991 and is the chairman and managing director of Sun Hung Kai Properties, a major shareholder of the company[73] - The company has a strong board with members holding degrees from prestigious universities such as Harvard and Cambridge, enhancing its governance and strategic direction[73][79] - The company has a diverse leadership team with members from different professional backgrounds, contributing to a well-rounded strategic approach[79]

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。 WING TAI PROPERTIES LIMITED 永泰地產有限公司 （於百慕達註冊成立之有限公司） （股份代號：369） 二零二四年年度業績、 末期股息、記錄日期及暫停辦理股份過戶登記手續公佈 主席報告 致各位股東： 二零二四年對香港經濟和房地產市場來說是困難的一年。高利率、中美緊張局勢以及疲弱的投資情 緒營造了艱難的經營環境，並抑制了經濟活動。 儘管美國聯邦儲備局在二零二四年下半年三次減息，香港政府也推出了刺激措施，包括在二零二四 年二月撤銷房地產降溫措施，但住宅價格年內持續走軟。同時，供應量高企和需求疲弱使甲級寫字 樓的租金受壓。正如許多香港物業發展商近期的業績公告所顯示，低迷的市場導致許多香港物業發 展商在年底進一步下調住宅和商業物業資產估值，突顯了行業持續面臨的挑戰。 因應獨立估值反映香港物業價值面臨下行壓力，本集團錄得香港物業組合的估值虧損淨額及減值撥 備總額為 2,549,000,00 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 560.3 million, an increase from HKD 477.3 million in the same period of 2023, representing a growth of 17.4%[10] - The company reported a loss before tax of HKD (1,323.2) million for the first half of 2024, compared to a loss of HKD (307.7) million in the first half of 2023, indicating a significant increase in losses[10] - The total comprehensive loss for the period was HKD (1,361.6) million, compared to a loss of HKD (334.0) million in the prior year[10] - The consolidated loss for the six months ended June 30, 2024, was HKD 1,362,000,000, compared to a loss of HKD 334,000,000 in the same period of 2023, representing an increase in loss of HKD 1,028,000,000[17] - The core consolidated profit attributable to shareholders was HKD 32,000,000, down from HKD 63,000,000 in 2023, a decrease of HKD 31,000,000[17] - The total comprehensive loss for the period amounted to HKD 1,375.9 million, compared to HKD 350.1 million in the previous period, reflecting a significant increase in losses[47] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 32,519.3 million, while total liabilities were HKD 7,927.4 million, resulting in a net asset position for the company[10] - The equity attributable to shareholders decreased to HKD 22,994.7 million as of June 30, 2024, down from HKD 24,440.1 million in the previous year[10] - The company’s total liabilities increased slightly from HKD 7,893.5 million in 2023 to HKD 7,927.4 million in 2024[10] - As of June 30, 2024, the group's net asset value was HKD 24.592 billion, a decrease of HKD 1.503 billion from HKD 26.095 billion on December 31, 2023[31] - The total bank and other borrowings as of June 30, 2024, amounted to HKD 6.912 billion, compared to HKD 6.808 billion on December 31, 2023[31] - The debt ratio as of June 30, 2024, was 16.7%, up from 16.0% on December 31, 2023[33] Revenue Segments - The property development segment's revenue was HKD 221,000,000, compared to HKD 143,000,000 in the same period of 2023, driven by increased sales of "OMA by the Sea" despite lower profit margins[18] - The property investment and management segment reported revenue of HKD 282 million for the first half of 2024, down from HKD 288 million in the same period of 2023, while the core profit before tax increased to HKD 179 million from HKD 164 million[25] - Revenue from other business segments for the first half of 2024 was HKD 30 million, up from HKD 27 million in the same period of 2023, representing an increase of 11.1%[29] - The revenue from Hong Kong increased to HKD 513.3 million, up from HKD 429.4 million, indicating a growth of 19.6%[74] Market Conditions and Outlook - Future outlook remains cautious due to the current financial performance and market conditions, with no specific guidance provided for the upcoming quarters[10] - The company anticipates a gradual recovery in the Hong Kong economy in the second half of 2024, with residential property demand expected to remain resilient[44] - The management remains focused on maintaining a robust financial position and exploring suitable investment opportunities despite market volatility[44] Dividends and Shareholder Returns - The company proposed an interim dividend of HKD 0.03 per share, totaling HKD 41,000,000[16] - The interim dividend declared is HKD 0.03 per share, down from HKD 0.06 per share in 2023, reflecting a cautious approach amid financial losses[44] - The company declared an interim dividend of HKD 0.03 per share, totaling HKD 40.7 million, down from HKD 81.4 million in the previous year[81] Employee and Management Compensation - The group is committed to providing comprehensive compensation and benefits plans for its approximately 480 employees, including retirement benefits and training activities[44] - Employee costs, including directors' remuneration, increased to HKD 165.0 million in the first half of 2024 from HKD 132.7 million in the same period of 2023[77] Investment Properties and Projects - The company is actively developing a mixed-use project in Central Hong Kong, integrating grade A office space, a high-end international hotel, and retail spaces[15] - The company has sold approximately 95% of the residential units in the "OMA OMA" project, totaling 466 units with a usable area of about 234,000 square feet, as of June 30, 2024[19] - The company is expanding its service apartment management portfolio in the Greater Bay Area and the Philippines, with a new long-term apartment project in Shenzhen featuring 1,610 units[15] Financial Risks and Governance - Financial risks include market risk, credit risk, and liquidity risk, with no changes in risk management policies since year-end[60] - The company maintains a commitment to high standards of corporate governance, complying with all applicable codes and regulations as of June 30, 2024[136] Share Options and Awards - The new 2023 Share Option Scheme and 2023 Share Award Scheme were approved by shareholders on May 23, 2023, with a validity period of ten years until May 22, 2033[107] - The company has a structured approach to managing share options, ensuring compliance with regulatory requirements and shareholder interests[108] - A total of 4,439,000 stock options were granted under the 2023 stock option plan, representing approximately 0.33% of the weighted average number of shares issued during the period[121]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而 引致之任何損失承擔任何責任。 WING TAI PROPERTIES LIMITED 永泰地產有限公司 （於百慕達註冊成立之有限公司） （股份代號：369） 截至二零二四年六月三十日止六個月之 中期業績、中期股息及記錄日期公告 主席報告 致各位股東： 二零二四年上半年，受全球金融市場不明朗、高利率、地緣衝突以及中國大陸經濟復甦緩慢等因素拖 累，香港經濟復甦依然乏力。住宅和商業物業以及酒店行業的復甦進度均不及預期，投資情緒持續低 迷。 儘管香港政府於二月份撤銷所有房地產降溫措施，但置業需求的反彈卻僅是短暫。另一方面，由於新 的寫字樓供應持續上升，加上需求疲弱，使甲級寫字樓的租金水平依然受壓。在香港物業市場持續低 迷的情況下，住宅和寫字樓物業價格在二零二四年上半年進一步下跌，導致許多香港房地產公司在截 至六月底的財務報告中繼續調低所持有物業的公平價值。 因應市場估值下調及根據獨立估值，集團錄得香港物業投資組合的估值虧損淨額及減值撥備為 ...

WING TAI PROPERTIES LIMITED 永泰地產 STOCK CODE 股份代號 369 TINUM I ASIA ANNUAL REPORT 年報 ２０２３ Landmark East has obtained LEED and BEAM Plus Platinum rating in 2023. Ju Ming Taichi Series Paul-Alexandre Bouriau Walking East Benedict Universal Object All photos in this annual report were taken at Landmark East, Kwun Tong. 本年報所有圖片均攝於觀塘 Landmark East。 The Water Zeng Fan Zhi Untitled No. 2 Zhang Enli Madsaki Dance 2 Frank Nitsche FOB-07- , 2004 Antony Gormley Shrive XV (Twisted) Sarah Morris Panda (Origami) Our brands ...

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。 WING TAI PROPERTIES LIMITED 永泰地產有限公司 （於百慕達註冊成立之有限公司） （股份代號：369） 二零二三年年度業績、 末期股息、記錄日期及暫停辦理股份過戶登記手續公佈 主席報告 致各位股東： 二零二三年，全球和本地經濟從疫情中緩慢復甦，但考慮到當前和新的地緣政治危機、中美緊張局 勢、加息周期以及對通脹的擔憂，香港和倫敦的整體營商環境仍然充滿挑戰。 香港住宅市場繼續受到高利率和不明朗的經濟前景打擊，而香港寫字樓市場繼續面臨租金受壓和高 空置率的問題。 倫敦寫字樓市場方面，物業估價師因應高利率環境而提高資本化率，導致物業估值 持續受到打擊。因此，我們的租賃和發展物業的公平價值於二零二三年年底進一步被下調。二零二 三年物業估值虧損淨額及減值撥備總額為 963,000,000 港元（二零二二年為 1,700,000,000 港元）。 包括金融工具估值虧損淨額 124,000,00 ...

WING TAI PROPERTIES LIM 永泰地層 STOCK CODE 股份代號 369 GTAI ASIA INTERIM REPORT 中期報告２０２３ | --- | --- | --- | |------------------------|-------|-------| | | | | | | | | | | | | | 專業團隊合作無間、 | | | | 發揮所長、彰顯價值， | | | | 完美詮釋「永泰亞洲」和 | | | | 「Lanson Place」品牌的 | | | | 優質工藝。 | | | | | | | | 我們全力為客戶 | | | | 精挑細琢， | | | | 打造溫馨創意的居庭， | | | | 讓客戶美夢成真。 | | | 雕 琢 틈 永 價 值 目錄 | --- | --- | |------------------------|-------| | | | | 公司資料 | 4 | | 財務摘要 | 5 | | 主席報告 | 6 | | 管理層討論及分析 | 8 | | 中期股息 | 14 | | 中期財務資料的審閱報告 | 15 | | 簡明綜合收益表 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而 引致之任何損失承擔任何責任。 WING TAI PROPERTIES LIMITED 永泰地產有限公司 （於百慕達註冊成立之有限公司） （股份代號：369） 截至二零二三年六月三十日止六個月之 中期業績、中期股息及記錄日期公告 主席報告 致各位股東： 二零二三年上半年，香港經濟自一月份與內地通關以及三月份解除本地防疫措施以來，開始緩慢復甦。 然而，香港經濟及物業市場持續受地緣政治緊張、加息周期以及中國大陸疲弱的經濟前景等因素影響。 住宅及寫字樓物業市場氣氛仍然偏弱。 鑒於利率上升以及香港和倫敦經濟復甦步伐不明朗，截至二零二三年六月三十日，集團商業物業之公 平價值減少 480,000,000 港元，而去年同期為 119,000,000 港元。受加息步伐減慢及幅度減弱影響， 金融工具之估值收益淨額顯著下跌至 43,000,000 港元，去年同期為 325,000,000 港元。非現金估值虧 損淨額為 437,000,000 港元，去年同 ...

WING TAI PROPERTIES LIN 永泰地 STOCK CODE 股份代號 369 GTAI ASIA ANNUAL REPORT 年報 ２０２２ All photos in this annual report were taken at OMA by the Sea, Tuen Mun. The project was completed in 2022. 本年報所有圖片均攝於屯門 OMA by the Sea 。此項目於2022年落成。 Our brands, | --- | --- | |-------------------------------|-----------------------------------| | | | | | Wing Tai Asia and Lanson Place, | | are synonymous with quality | | | craftsmanship, a result of | | | the close alignment of values | | | and seamless cooperation of | | | | o ...

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。 Wing Tai Properties Limited 永泰地產有限公司 （於百慕達註冊成立之有限公司） （股份代號：369） 二零二二年年度業績、 末期股息、記錄日期及暫停辦理股份過戶登記手續公佈 主席報告 致各位股東： 二零二二年，在疫情肆虐，加上地緣政治緊張加劇、加息周期開始及全球通脹的種種打擊下，香港 經濟及物業市場持續受到衝擊。鑑於利率上升以及香港和倫敦經濟復甦步伐不明朗，本集團的商業 及住宅租賃物業和發展物業之公平價值於二零二二年底繼續下調。於二零二二年，物業估值虧損淨 額及減值撥備總額為 1,700,000,000 港元。另一方面，由於利率上升，金融工具估值收益淨額為 502,000,000 港元。非現金估值虧損淨額為 1,198,000,000 港元，而去年為 301,000,000 港元。 因此，本集團錄得股東應佔綜合虧損 540,000,000 港元，去年則錄得溢利 854,000, ...