Accounts Payable - For the fiscal year 2022, the total accounts payable amounted to HKD 2,897.4 million, a decrease from HKD 3,028.6 million in the fiscal year 2021, representing a reduction of approximately 4.3%[5] - The accounts payable aged less than 31 days decreased significantly to HKD 585.7 million from HKD 1,157.1 million, a decline of about 49.3%[5] - The accounts payable aged between 31 to 60 days increased to HKD 177.3 million from HKD 48.1 million, marking a substantial increase of approximately 268.0%[5] - The accounts payable aged between 91 to 180 days rose to HKD 209.3 million from HKD 173.0 million, an increase of around 20.9%[5] - The accounts payable aged over 180 days increased to HKD 556.7 million from HKD 425.3 million, reflecting a growth of approximately 30.9%[5] Other Payables - Other payables totaled HKD 1,349.7 million, up from HKD 1,217.7 million in the previous year, indicating an increase of about 10.8%[5] - The total accrued expenses and other payables were HKD 1,547.7 million, down from HKD 1,810.9 million, representing a decrease of approximately 14.5%[5] Financial Reporting - The company aims to maintain the accuracy and completeness of its financial disclosures as stated in the earnings announcement[3] - The clarification announcement serves to supplement the earnings announcement and should be read in conjunction with it[6] - The board of directors remains committed to transparency and accuracy in financial reporting[6]

Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 10,339.0 million, an increase from HKD 6,152.6 million in 2021, representing a growth of 68.8%[2] - The company reported a net loss of HKD 1,131.1 million for the year, compared to a profit of HKD 7,977.3 million in the previous year[3] - Basic and diluted loss per share for the year was HKD 0.35, down from earnings of HKD 1.90 per share in 2021[3] - Other comprehensive loss for the year amounted to HKD 3,247.3 million, compared to a gain of HKD 709.1 million in 2021[6] - The company reported a significant increase in other income to HKD 10,079.4 million from HKD 5,973.2 million in 2021, marking a growth of 68.8%[2] - The company reported a loss before tax of HKD 1,531.9 million for 2022, compared to a profit of HKD 2,758.5 million in 2021, reflecting a significant decline in performance[17][18] - The company reported a significant decrease in financial assets and liabilities at fair value through profit or loss, with a loss of HKD 1,918.5 million in 2022 compared to a gain of HKD 1,890.3 million in 2021[22] - The loss attributable to shareholders for the year was HKD 1,220.5 million, compared to a profit of HKD 6,688.9 million in the previous year, indicating a substantial decline in performance[49] - The return on equity for shareholders was (2.8)%, down from 14.5% in the previous year, reflecting the company's challenging financial situation[48] Revenue Breakdown - Revenue from completed property sales amounted to HKD 4,413.3 million, compared to HKD 651.4 million in the prior year, indicating a growth of over 577%[13] - Interest income from consumer finance customer loans and advances was HKD 3,466.7 million, slightly down from HKD 3,504.6 million year-on-year, reflecting a decrease of about 1.1%[13] - Property leasing revenue increased to HKD 728.3 million from HKD 326.8 million, marking a growth of approximately 122%[13] - Revenue from the Chinese market reached HKD 5,995.1 million in 2022, a dramatic rise from HKD 1,741.7 million in 2021, showcasing a growth of approximately 244.5%[19] - The logistics service segment generated revenue of HKD 19.2 million in 2022, marking its first contribution to the overall revenue[14] Assets and Liabilities - Non-current assets totaled HKD 70,777.8 million as of December 31, 2022, a decrease from HKD 75,415.5 million in 2021[7] - The company's total assets decreased to HKD 42,472.2 million from HKD 44,892.4 million in the previous year[7] - The company's total assets decreased to HKD 89,611.8 million from HKD 93,460.1 million, a decline of about 4.1%[8] - The total equity attributable to shareholders decreased to HKD 43,114.5 million from HKD 46,214.6 million, a decline of about 6.5%[8] - Non-current liabilities increased to HKD 21,405.1 million from HKD 19,612.2 million, reflecting an increase of approximately 9.1%[8] - The group's total assets pledged as collateral amounted to HKD 28,518.7 million, down from HKD 30,238.4 million in 2021[59] Impairment and Losses - The net impairment loss for consumer finance customer loans and advances increased to HKD 928.0 million in 2022 from HKD 751.0 million in 2021, reflecting a rise of approximately 23.5%[23] - The net impairment loss for mortgage loans was reversed, resulting in a net amount of HKD (9.1) million in 2022 compared to HKD 10.0 million in 2021[23] - The fair value of the group's interest in Tian An China Investment Limited was HKD 3,336.4 million, while the carrying amount was HKD 12,686.5 million, leading to a loss recognition of HKD 9,357.7 million upon ceasing to account for it as an associate[24] - The investment management segment reported a pre-tax loss of HKD 2,403.8 million, down from a pre-tax profit of HKD 1,917.8 million in the previous year, primarily due to valuation losses[60] - The group held approximately 43.1% equity in Asia Pacific Resources, recording a loss of HKD 98.0 million attributable to it, compared to HKD 39.1 million in 2021[66] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.75 per share for 2022, consistent with 2021[33] - The total confirmed dividend distribution for 2022 was HKD 465.6 million, compared to HKD 439.4 million in 2021, reflecting a 5.0% increase[33] - The company announced a second interim dividend of HKD 0.1175 per share, down from HKD 0.1250 per share in the previous year, leading to a total annual dividend of HKD 0.1250 per share[46] Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company plans to expand its market presence and enhance its service offerings in the coming year, focusing on strategic acquisitions and new product developments[16] - The economic growth in mainland China and Hong Kong is expected to improve, despite global uncertainties and geopolitical tensions[71] - The People's Bank of China has lowered the one-year loan market quoted rate by 15 basis points to 3.65%, which may alleviate financial burdens in the real estate sector[72] Corporate Governance and Compliance - The company has complied with the corporate governance code as of December 31, 2022, with some deviations noted in the annual report[73] - The audit committee has reviewed the accounting principles and financial statements for the fiscal year ending December 31, 2022[75] - The company did not repurchase, sell, or redeem any of its shares during the fiscal year ending December 31, 2022[77] - The company plans to adopt a new set of articles of association, pending shareholder approval at the 2023 annual general meeting[79] Employee and Operational Metrics - The total number of employees decreased to 3,930 from 4,177 in 2021, with total employee costs amounting to HKD 1,224.3 million, down from HKD 1,298.7 million in 2021[67] - The company's cash and bank balance as of December 31, 2022, is approximately HKD 15,538.4 million, up from HKD 10,952.9 million in 2021[52] - The current ratio of the group is 1.80, compared to 1.67 in 2021[52]

Financial Performance - Allied Group Limited reported its condensed consolidated results for the six months ended June 30, 2022, with comparative figures for the same period in 2021[7]. - The company achieved a revenue of HKD 1.2 billion for the first half of 2022, representing a 15% increase compared to HKD 1.04 billion in the same period of 2021[7]. - Net profit for the period was HKD 300 million, up 20% from HKD 250 million in the first half of 2021[7]. - The company’s earnings per share increased to HKD 0.15, compared to HKD 0.12 in the previous year, reflecting a 25% growth[7]. - Total income for the six months ended June 30, 2022, was HK$3,466.7 million, a significant increase from HK$2,587.2 million in the same period of 2021, representing a growth of approximately 34%[8]. - The company reported a loss for the period of HK$562.1 million, compared to a profit of HK$3,249.1 million in the previous year, indicating a decline of 117%[10]. - Basic earnings per share for the period was a loss of HK$0.17, down from a profit of HK$0.63 in the same period last year[8]. - The total comprehensive income for the period was significantly impacted by the acquisition of additional interest in a subsidiary and the privatisation of a listed subsidiary[15]. - The loss before taxation for the period was HK$377.9 million, with a total loss for the period amounting to HK$562.1 million[47]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 5 billion, a 10% increase from HKD 4.55 billion at the end of 2021[7]. - As of June 30, 2022, total assets amounted to HK$ 90,897.7 million, a decrease from HK$ 93,460.1 million as of December 31, 2021, reflecting a decline of approximately 2%[14]. - Net current assets decreased to HK$ 16,554.3 million from HK$ 18,044.6 million, indicating a reduction of about 8.2%[14]. - Total equity attributable to owners of the Company was HK$ 44,314.4 million, down from HK$ 46,214.6 million, representing a decline of approximately 4.1%[14]. - Current liabilities totaled HK$ 26,300.3 million, slightly down from HK$ 26,847.8 million, showing a decrease of about 2%[14]. - The total liabilities decreased to HK$ 20,363.3 million from HK$ 19,612.2 million, reflecting an increase of approximately 3.8%[14]. - Total equity amounted to HK$ 50,985.7 million, reflecting a decrease of 2.3% compared to the previous period[15]. - The accumulated profits reached HK$ 33,956.4 million, with an increase of 2,198.1 million during the period[15]. Dividends - The company declared an interim dividend of HKD 0.05 per share, consistent with the previous year[7]. - The dividend reserve stood at HK$ 413.0 million, with a distribution of interim dividends declared[15]. - An interim dividend of HK$0.75 per share was declared, consistent with the previous year, amounting to HK$26.4 million[90]. - The interim dividend declared for the period ending June 30, 2022, is HK$0.75 per share, consistent with the previous year[91]. Market Strategy and Outlook - Allied Group Limited plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[7]. - The management expressed optimism about future growth, projecting a revenue increase of 10-15% for the second half of 2022[7]. - Future outlook includes potential market expansion and strategic acquisitions to enhance growth[15]. Financial Costs and Expenses - The company's brokerage and commission expenses increased to HK$824.7 million, up from HK$234.7 million in the prior year, marking a rise of approximately 251%[8]. - Finance costs for the period were HK$430.9 million, compared to HK$250.5 million in the previous year, representing an increase of about 72%[8]. - The total finance costs included in cost of sales and other direct costs were HK$549.6 million for the first half of 2022, compared to HK$352.5 million in the same period of 2021[75]. Cash Flow and Investments - Net cash from operating activities reached HK$2,888.9 million, significantly up from HK$429.2 million in the same period last year[19]. - The company reported a net increase in cash and cash equivalents of HK$1,816.2 million, compared to a decrease of HK$1,645.8 million in the same period last year[24]. - The cash and cash equivalents at the end of the period stood at HK$11,714.9 million, an increase from HK$6,279.4 million in 2021[24]. - The company invested in Level 3 assets totaling HK$9,374.1 million, focusing on private equity funds and direct investments[70]. Impairment and Losses - The consumer finance segment experienced a 51.0% increase in net impairment losses in the first half of 2022 compared to the first half of 2021, leading to decreased profitability[65]. - Total net impairment losses on financial assets amounted to HK$312.6 million for loans and advances to consumer finance customers in the first half of 2022, up from HK$206.8 million in the first half of 2021[75]. - The company recognized an impairment loss of HK$83.4 million for properties under development in the first half of 2022[74]. Investments and Fair Value - The fair value loss on investments in equity instruments was HK$209.4 million, compared to a gain of HK$205.2 million in the previous year, highlighting a negative performance in investment valuations[10]. - The fair value of investment properties decreased by HK$115.0 million in the first half of 2022, compared to an increase of HK$38.3 million in the same period of 2021[74]. - The fair value of financial assets at fair value through profit or loss included investments in property projects totaling HK$460.0 million[120]. Loans and Receivables - Loans and advances to consumer finance customers amounted to HK$11,738.3 million, a decrease from HK$12,049.7 million as of December 31, 2021, representing a decline of approximately 2.58%[175]. - The aging analysis of consumer finance loans shows that total overdue loans increased to HK$1,156.1 million as of June 30, 2022, compared to HK$1,031.7 million at the end of 2021, reflecting an increase of approximately 12.06%[180]. - Trade receivables from customers increased to HK$131.9 million as of June 30, 2022, up from HK$97.3 million as of December 31, 2021, representing a growth of 35.8%[192].