WING TAI PROPERTIES LIM 水泰地產 STOCK CODE 股份代號 369 VINGTAI ASIA 泰亞洲 INTERIM REPORT 中期報告２０２２ | --- | --- | --- | |------------------------|-------|-------| | | | | | | | | | | | | | 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 7 中期股息 12 中期財務資料的審閱報告 13 簡明綜合收益表 14 簡明綜合全面收益表 15 簡明綜合資產負債表 16 簡明綜合權益變動表 18 簡明綜合現金流量表 20 中期財務資料附註 21 一般資料 40 4 公司資料 | -- ...

Financial Performance - The company's revenue for the year ended December 31, 2021, was HKD 3,423.2 million, representing a 23% increase from HKD 2,777.8 million in 2020[33]. - The gross profit increased by 34% to HKD 1,339.6 million, up from HKD 1,000.1 million in the previous year[33]. - Core consolidated profit attributable to shareholders was HKD 683.0 million, a 50% increase compared to HKD 456.0 million in 2020[31]. - The profit attributable to shareholders for 2021 was HKD 854.4 million, a significant recovery from a loss of HKD 674.4 million in 2020[38]. - The company reported a total comprehensive income of HKD 943.8 million for the year, compared to a total comprehensive loss of HKD 566.6 million in 2020[173]. - Operating profit for the year was HKD 899.8 million, compared to an operating loss of HKD 491.5 million in the previous year[169]. - Net profit for the year was HKD 917.6 million, a significant recovery from a net loss of HKD 615.9 million in 2020[172]. - The basic earnings per share for the year was HKD 0.63, compared to HKD 0.50 in 2020[32]. - The gross profit margin improved to 39.1% in 2021 from 36.0% in 2020, reflecting better cost management[169]. Assets and Liabilities - The total assets as of December 31, 2021, amounted to HKD 38,738.5 million, a 4% increase from HKD 37,245.8 million in 2020[34]. - The total equity increased by 2% to HKD 28,165.8 million from HKD 27,641.0 million in the previous year[34]. - The total assets and liabilities as of December 31, 2021, were HKD 38,738.5 million and HKD 10,572.7 million, respectively, compared to HKD 37,245.8 million and HKD 9,604.8 million in 2020[36]. - The company's net asset value increased to HKD 28.165 billion as of December 31, 2021, compared to HKD 27.641 billion in 2020[52]. - Total bank and other borrowings amounted to HKD 6.804 billion as of December 31, 2021, up from HKD 4.38 billion in 2020[52]. - The net debt of the group was HKD 5.339 billion as of December 31, 2021, representing 19.0% of the net asset value[52]. Investment Properties - The company reported a significant improvement in fair value changes of investment properties and financial instruments, with a loss of HKD 452.3 million, compared to a loss of HKD 1,214.9 million in 2020, reflecting a 63% improvement[33]. - The investment properties portfolio had a total market fair value of approximately HKD 19,900,000,000 as of December 31, 2021, with a total area of about 1,919,000 square feet[46]. - The group recorded a fair value loss of HKD 332,000,000 on investment properties in 2021, down from a loss of HKD 985,000,000 in 2020[45]. - The group’s investment properties were recorded at a fair value of HKD 21,777,700,000 as of December 31, 2021, with a revaluation loss of HKD 527,400,000[164]. Dividends - The company declared a total dividend of 27.0 HKD cents per share for the year, unchanged from the previous year[34]. - The company proposed a final dividend of HKD 0.21 per share, maintaining the total dividend for 2021 at HKD 0.27 per share, consistent with the previous year[39]. - The board proposed a final dividend of HKD 0.21 per share for the year ended December 31, 2021, amounting to approximately HKD 366.1 million, also unchanged from the previous year[76]. Property Development - The company completed the OMA OMA project in Tuen Mun in 2021, contributing to its property development portfolio[4]. - The property development segment's revenue was HKD 2,729,000,000 for 2021, up from HKD 2,054,000,000 in 2020, driven by higher sales from the "OMA OMA" project[40]. - The group sold approximately 90% of the residential units in the "OMA OMA" project by the end of 2021, with about 87% of these units delivered to buyers[42]. - The company is focusing on the "Affordable Luxury" development strategy, continuing to sell remaining units of the "Upper Gold Coast" project[38]. Hotel Operations - The hotel business continued to incur operating losses in 2021, although the Lanson Place hotel saw improved occupancy and revenue after joining the designated quarantine hotel program[38]. - The group anticipates gradual improvement in hotel operations as the Omicron variant situation is controlled and travel restrictions are eased[55]. Corporate Governance - The company emphasizes the importance of corporate governance and compliance, with a dedicated audit committee[68]. - The board consists of five executive directors, four non-executive directors, and five independent non-executive directors, ensuring a diverse governance structure[118]. - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions for the fiscal year ending December 31, 2021[116]. - The company has implemented a risk management framework and approved the corporate governance report for the year 2020[125]. Shareholder Information - The total number of issued shares as of December 31, 2021, was 1,354,742,279 shares[85]. - The interests of directors and senior management in the company's shares amounted to a total of 480,719,751 shares, representing approximately 35.48% of the issued share capital[84]. - The largest shareholder, Crossbrook Group Limited, holds 270,411,036 shares, representing approximately 19.96% of the issued share capital[93]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting by submitting a written request to the company's registered office[156]. Risk Management - The company has implemented a whistleblowing policy to encourage employees to report misconduct confidentially, with no reports received in the current year[147]. - The board regularly assesses the effectiveness of the risk management and internal control systems, finding them to be effective and adequate[148]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[168]. - The company aims to continue selling units from the "OMA OMA" and "OMA by the Sea" projects, targeting contract completion certificates in Q4[55].

WING TAI PROPERTIES LIMITED 永泰地產有限公司 STOCK CODE 股份代號 369 ANNUAL REPORT 年報 2018 WINGTAI ASIA La Vetta, Kau To Shan, was completed in 2018. 九肚山漂遭於2018年落成『 Le Cap, Kau To Shan, was completed in 2018. 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 our committed professional teams. We strive to deliver sophisticated yet warm homes that turn our customers' dreams into reality. At Wing Tai Asia, WE DON'T J ...