Sustainability Commitment - Signed the first sustainability-linked loan of HK$2.4 billion, demonstrating the Group's commitment to long-term sustainability[12] - The Group is committed to sustainability and has adopted the TCFD framework for climate-related disclosures, demonstrating its dedication to environmental governance[79][80] - Despite challenges, the group is committed to sustainability and has aligned its Environmental, Social and Governance (ESG) initiatives with the Sustainable Development Goals (SDGs)[185] - The Group is committed to fully implementing TCFD recommendations by 2025, marking a significant step in enhancing climate-related disclosures[195] - The Group has achieved its commitment to expand the use of clean and renewable energy, joining CLP Power Hong Kong's Feed-in Tariff scheme[198] - The CDW Building has commenced pilot installation of a rooftop solar panel system, with plans for more installations in other projects[198] - The hospitality businesses are progressively phasing out plastic products in favor of biodegradable alternatives, such as takeaway boxes made from corn starch and oyster shell powder[199] - The Group's internal policies govern material sourcing and waste management practices rigorously across all businesses[199] - The Group's environmental goals include enhancing energy and water efficiency, lowering emissions, and curbing waste production[196] - All new developments are encouraged to obtain Hong Kong Building Environmental Assessment Method ("BEAM Plus") certification[196] - The group was recognized with the Outstanding ESG Performer of the Year Diamond Award and the Best ESG Report Grand Award in 2022[193] Market Performance - The Group's revenue for the financial year 2022/2023 was HK$1,693.7 million, a decrease of 59.4% from HK$4,167.9 million in the previous year[37] - The underlying profit for the Group was HK$495.6 million, down 48.4% from HK$960.4 million last year[37] - Profit attributable to owners of the Company, including net unrealised losses on fair value change of investment properties, was HK$455.6 million, a decrease of 58.5% from HK$1,097.3 million in the previous year[38] - Basic earnings per share were HK30.7 cents, compared to HK73.9 cents for the last year[38] - As of March 31, 2023, the net asset value attributable to shareholders was HK$24,397.9 million (HK$16.4 per share), down from HK$25,026.9 million (HK$16.8 per share) in the previous year[38] - The Group's revenue from property development and investment for the Current Year was HK$1,833 million, down from HK$4,525 million in the preceding year[102] - The contribution from property development and investment was HK$819 million, a decrease from HK$1,371 million in the previous year[102] Property Development - The first batch of VILLA LUCCA units was launched for sale by tender, marking a significant milestone in the luxury residential market[16] - Over 94% of total units for Starlight One in Jiaxing were sold out on the launch day, indicating strong market demand[20] - Successfully won the bid for a premium residential land lot in Nanhu New District, Jiaxing, enhancing the Group's property portfolio[20] - Obtained occupation permit for VILLA LUCCA, further solidifying its position in the luxury real estate market[14] - The Group is developing a land plot in Discovery Bay under the approved Master Plan 7.0E, which will provide over 1,400 housing units, enhancing residents' access to green spaces and mobility[60][65] - A new multi-recreation center is planned in Discovery Bay, offering various educational, leisure, and sports facilities, alongside upgraded pier facilities[61][65] - The Group has acquired a land plot in Jiaxing's Nanhu New District in March 2023, marking its sixth investment in Jiaxing, aimed at developing a premium residential project[69][73] - The Group emphasizes high-quality housing to meet home-buyer demand, especially as the residential market values project quality more than ever due to recent market consolidations[70][73] - The rezoning of staff quarters at DB Area 6f to residential use was approved, which will provide approximately 500 residential units upon completion[108] - The Group's residential projects in Hong Kong as of March 31, 2023, include Poggibonsi with 196 total units, of which 190 were sold, generating sales proceeds of HK$40.3 million[118] - Villa Lucca, a joint venture project, has seen significant interest with viewing volume increasing after the resumption of travel, and it received a certificate of compliance in March 2023[114] - The Starlight One project in Jiaxing, consisting of 392 high-rise apartments and villas, achieved over 94% sales on its launch day in March 2023[124] - The Group acquired a residential plot in Jiaxing's Nanhu New District with a gross floor area of 1,415,000 square feet, expected to benefit from local development[125] - The foundation work for the residential redevelopment project at Hollywood Road and Upper Lascar Row is in progress, with completion expected by the end of 2025[117] - The Group's residential project IN One in Hangzhou is on schedule for completion by the end of 2023, comprising 245 apartments and 50 villas[125] - The Group's residential project in Jiaxing, Zhejiang, consists of 392 high-rise apartments and villas, with 371 units sold, achieving over 94% sales on the opening day in March 2023[126][127] - The Group acquired a residential land plot in Nanhu New District, Jiaxing, with a total GFA of 1,415,000 sq. ft., expected to commence construction by the end of 2023[127][131] - The IN One project in Hangzhou will provide 245 low-rise apartments and 50 villas, with expected completion by the end of 2023[131] Awards and Recognition - Celebrated HKRI's 45th anniversary with the theme "Together We Fortify," reinforcing the company's commitment to community and collaboration[21] - Achieved multiple awards in the Financial Year 2022/2023, including Best ESG Report (Small Cap) Grand Award, highlighting the Group's excellence in sustainability practices[22] - HKRI Taikoo Hui received the Top Shopping Mall of the Year 2022 award from Dianping.com[30] - Discovery Bay Services Management Limited was recognized with the Gold Seal for Business Resilience & Community Contribution in 2022 by Hong Kong Quality Assurance Agency[27] - Auberge Discovery Bay Hong Kong was awarded the Best Outdoor Wedding Ceremony Venue in 2022 by Weddinghk.hk[31] - The company achieved the Excellent Quality Award at the Golden Light Awards 2023[30] - The Asia Pacific Property Awards recognized HKRI Taikoo Hui for its Residential Development in Hong Kong[25] - Discovery Bay Transportation Services Limited received the Best Security Personnel Awards 2021-22 for outstanding performance[25] - The company was ranked 34th for Economic Contribution in 2022 by Shanghai Jing'an District Government[30] - The "HKRI Love & Design" CSR Project won the Gold Award at the Asia-Pacific Stevie Awards[24] - The company was awarded the Community Partner Commendation Award 2022 by OIWA[27] - The Sukhothai Shanghai was recognized as one of the Top 10 Hotels in China by Condé Nast Traveler in 2022[31] Future Outlook - The Group remains cautiously optimistic about future economic growth despite structural damage from the pandemic and rising interest rates[86] - The property market in Hong Kong has only rebounded after the reopening of borders in February 2023, with a full recovery expected to take longer[105] - The Group's strategy includes maintaining a disciplined approach to development and risk management while navigating market volatility[87] - The Group's long-term business strategy focuses on creating a unique lifestyle that is both aspirational and sustainable[86] - The Group continues to explore investment opportunities in mainland China, focusing on the Yangtze River Delta region[131] - The Group plans to explore further high-quality property investment opportunities in the Yangtze River Delta and other growth regions to generate stable income growth[152] Transportation and Hospitality - Demand for transportation services is recovering steadily, but challenges such as driver shortages and high fuel costs persist[153] - Three newly ordered Euro VI-compliant double-deck buses were delivered to Hong Kong, set to improve carrying capacity in the first half of 2023[154] - The hotel operations recorded an average occupancy rate of 70% during the current year, benefiting from the easing of pandemic restrictions[166] - The Group's hotel businesses in Mainland China are expected to benefit from the revival of market sentiment and easing travel restrictions[168] - The average occupancy rate of Hong Kong's Auberge Discovery Bay Hotel reached 70% in the current year, driven by successful themed staycation packages and promotional activities[169] - The Sukhothai Bangkok is expected to benefit from the ongoing rebound in Thailand's tourism industry, with occupancy rates beginning to recover after a weak first half of the year[172] - The construction of the new luxury spa complex, The Sukhothai Spa, is underway and scheduled to open in Q3 2023[172] Leisure and Community Engagement - DB Ice Rink (DBIR) has established itself as an elite ice-skating academy and will host various regional and international competitions in 2023, including the Greater Bay Championships II[181] - The Lantau Yacht Club (LYC) generated additional revenue through its yachtcation package, which offers exclusive yacht lifestyle experiences[182] - The number of golf rounds at Discovery Bay Golf Club expanded year-on-year, with plans to enhance the clubhouse in 2023[183] - The group holds a 50% interest in all leisure businesses, including the hotels and recreational facilities mentioned[184] - The Group remains dedicated to serving low-income groups and the socially disadvantaged through volunteer initiatives[200]

* HKR International Limited 香 港 興 業 國 際 集 團 有 限 公 司（「 本 公 司」）董 事 會（「 董 事 會」）宣佈本公司及其附屬公司（「集團」）截至2023年3月31日止年度（「2023 財年」） 之經審核全年業績。 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2023年3月31日止年度 之 全年業績公告 集團2023財年之收入為1,693.7百萬港元，較去年之4,167.9百萬港元減少59.4%。因 此，集團之基礎溢利（ 撇除投資物業公平值變動之未變現虧損淨額）為495.6百萬港 元，較去年之960.4百萬港元相應下跌48.4%。該下跌主要是由於：(i)香港物業銷 售步伐於年內大幅放緩，以及為把握市場氣氛回暖之機遇，將位於中華人民共和 國（「 中國」）嘉興 市的 星逸園 項目 之物 業開售 時間 延至 2023 年3 月， 故該 項目 的銷 售溢利之確認由2023財年延至下一個財政年度，因而導致集團 ...

Financial Performance - The group's revenue for the six months ended September 30, 2022, was HKD 796.3 million, a decrease of 57.7% compared to HKD 1,882.4 million in the same period last year[14]. - Profit attributable to the company's owners was HKD 17.6 million, down 96.5% from HKD 508.0 million year-on-year[14]. - Basic earnings per share for the period were HKD 0.012, compared to HKD 0.342 in the previous year[14]. - Total comprehensive income for the period was a loss of HKD 1,612.7 million, compared to a gain of HKD 673.8 million in the same period last year[77]. - The company reported a profit before tax of HKD 85.3 million, a significant decline of 89.9% compared to HKD 845.6 million in the previous year[76]. - The group’s total comprehensive income for the period was HKD 621.2 million, down from HKD 1,882.4 million in the same period last year[95]. - The group's attributable profit for the period was HKD 17.6 million, compared to a profit of HKD 38.9 million in the previous year, indicating a decrease of 54.8%[93]. - The estimated tax expense for the period was HKD 129.7 million, down from HKD 222.0 million in the previous year, indicating a reduction of about 41.6%[101]. Assets and Liabilities - Total assets as of September 30, 2022, were HKD 41,726.3 million, down from HKD 44,400.2 million in 2021[12]. - Total liabilities decreased to HKD 15,536.0 million from HKD 17,315.0 million in the previous year[12]. - The net debt amounted to HKD 9,044.7 million, an increase from HKD 7,937.7 million as of March 31, 2022[44]. - The capital debt ratio increased to 38.8% from 31.7% as of March 31, 2022, with shareholders' equity decreasing to HKD 23,318.6 million[46]. - Non-current assets as of September 30, 2022, totaled HKD 32,535.5 million, compared to HKD 33,349.4 million as of March 31, 2022[78]. - Current liabilities amounted to HKD 3,874.3 million, reflecting an increase from HKD 3,874.3 million as of March 31, 2022[79]. - The company's total assets less current liabilities stood at HKD 37,852.0 million as of September 30, 2022[78]. - The group's total liabilities for associated companies were HKD 17,064.1 million, with a net current liability of HKD 8,740.6 million as of September 30, 2022[72]. Property Development and Investment - The property development and investment segment generated revenue of HKD 842.7 million, including HKD 450.1 million from joint ventures[16]. - The company anticipates a gradual recovery in the residential property market in China due to government support measures, with overall property prices remaining stable in Shanghai and other cities[20]. - The "Da Pu Lin Hai Shan Cheng" project has a total of 262 units, with 9 units sold, contributing HKD 255.7 million in sales revenue, which will be recognized in the following period[19]. - The Linhai Mountain City project received its occupancy permit in May 2022 and has been well received in the market since its launch in August 2022[18]. - The company is developing a low-density residential project in Songjiang District, Shanghai, with construction expected to start in early 2023[20]. - The average occupancy rate for the "Yue Jing Bay" property investment project is 87%, with plans for improvement works to enhance the overall experience for residents and visitors[23]. - The average occupancy rate for the "Shi Gua Wan Lian He Bao Da Sha" project is 97%, with an application for land use change from industrial to residential pending approval[24]. Transportation and Services - The transportation services segment is facing challenges such as a shortage of skilled operators and rising operational costs, but bus fare increases and government support for ferry services have alleviated some financial burdens[27]. - The average occupancy rate for Hong Kong's Discovery Bay Hotel reached 72% during the period, benefiting from a continued staycation trend[30]. - The hotel business segment's loss decreased to HKD 4.9 million, an improvement from a loss of HKD 10.9 million, driven by a recovery in occupancy rates in Thailand[42]. - The leisure business segment continues to perform well, with increased visitor numbers at the Lantau Yacht Club due to the popularity of its yachtcation program[33]. Corporate Governance and Shareholder Information - The company has implemented corporate governance policies, including a corporate culture policy and an anti-fraud policy, to enhance governance standards[65]. - The board of directors has confirmed compliance with the standard code of conduct for securities trading throughout the reporting period[66]. - As of September 30, 2022, the total number of shares held by directors and their associates amounted to 793,151,173 shares, representing 53.40% of the issued share capital[52]. - The company has established various discretionary trusts, with a total of 635,627,031 shares held by these trusts[54]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[64]. Future Outlook and Strategic Initiatives - The company plans to continue expanding its market presence, particularly in Hong Kong and Southeast Asia, to drive future growth[90]. - The group plans to enhance its property portfolio and land reserves while exploring diversified residential, commercial, and hotel business opportunities in the Greater Bay Area and Yangtze River Delta regions[38]. - The group has initiated a strategic blueprint called "Discovery Bay 2.0," which includes launching new residential projects starting in 2024 and improving infrastructure and recreational facilities[38]. - The company is investing in R&D, allocating $G million towards the development of new technologies and products[147]. - Future guidance indicates a commitment to sustainable practices, with plans to reduce carbon emissions by J% over the next five years[147].

Acquisitions and Developments - Acquired a residential redevelopment project on Hollywood Road and Upper Lascar Row[8] - Completed renovation of the commercial project West Gate Tower in Cheung Sha Wan[8] - Entered into an agreement to acquire office units and the right of use of parking lots at Jinsha INCITY in Hangzhou[9] - Won the bid for a residential site in Songjiang District, Shanghai[9] - Secured planning permit to change the land use of United Daily News Centre in To Kwa Wan from industrial to residential[9] - Pre-sale consent of VILLA LUCCA, the latest residential project in Tai Po, was issued[10] - The Group acquired a diversified land bank totaling 1,044,000 square feet gross floor area (GFA) during the Current Year, maintaining a robust project development pipeline[29][32] - The Group's total land bank attributable to the Group amounted to 9,450,000 square feet as of March 31, 2022, with an acquisition of 1,044,000 square feet of developable gross floor area during the Current Year[56] - The residential project in Discovery Bay will increase the gross floor area by over 1.3 million square feet, providing an additional 1,400 units[62] - A residential plot in Shanghai's Songjiang District was acquired in November 2021, with construction expected to commence in early 2023[78] - The Group is developing 295 high-quality low-density residential units in Hangzhou, expected to complete and commence pre-sales in Q3 2023 and 2022 respectively[79] Financial Performance - The Group's revenue for the financial year 2021/2022 was HK$4,167.9 million, an increase of 9.4% compared to HK$3,809.5 million in the previous year[14] - Profit attributable to shareholders was HK$1,097.3 million, reflecting a 22.3% increase from HK$897.3 million in 2020/2021[14] - Basic earnings per share rose to HK73.9 cents, up from HK60.4 cents last year[14] - Underlying profit, excluding net unrealised gains on the investment property portfolio, was HK$960.4 million, representing a year-on-year increase of 10.6%[15] - The total dividend for the Current Year is HK8 cents per share, down from HK9 cents per share in the previous financial year[17] - The Group's revenue from property development and investment increased to HK$4,525 million for the Current Year, up from HK$4,237 million in the preceding year[58] - The contribution from property development and investment reached HK$1,371 million, compared to HK$1,275 million in the previous year, including a share of HK$286 million from joint ventures[58] Market Conditions and Economic Outlook - Global GDP growth was 5.9% in 2021, recovering from a contraction of 3.1% in 2020[19] - China's GDP growth reached 8% in 2021, supported by effective pandemic containment measures and the dual-circulation development strategy[20] - Hong Kong's GDP grew for four consecutive quarters in 2021, with a stable residential property market performance[21] - The gradual relaxation of real estate market measures in China is expected to stimulate property market growth[20] - The pandemic's fifth wave impacted local consumption sentiment and property sales activities in Hong Kong[21] - The Group remains cautiously optimistic about the property and hospitality markets' outlook due to strong market demand despite potential macroeconomic risks[48] Sustainability and Corporate Social Responsibility - HKR International Limited received multiple awards in the financial year 2021/2022, including the "Best ESG Report (Small-Cap)" and "Grand Award" for ESG reporting[12] - The company was recognized as a "Good MPF Employer" for over 5 years and received the "5 Years Plus Caring Company" logo[12] - HKR International Limited achieved the "Environmental Excellence 2020" award and the "Gold Seals" for community contribution awards[12] - The company participated in the "Energy Saving Charter 2021" and received the "Joint Energy Saving Award" from CLP Power[12] - The Group is committed to sustainable development, establishing targets for Environmental, Social, and Governance (ESG) parameters[41][42] - The Group's strategic sustainability initiatives include signing its first sustainability-linked loan to align ESG performance with operational goals[42] - The Group's commitment to mental health was recognized with the "Mental Health Friendly Supreme Organization" award[12] - The Group's donations and sponsorships to various charities, schools, and welfare organizations totaled HK$3.8 million, representing a year-on-year increase of 13%[129] Operational Performance and Challenges - The Group's operations were significantly impacted by the fifth wave of COVID-19 in Hong Kong, leading to a substantial increase in confirmed cases and the implementation of strict government measures, resulting in a halt to economic recovery[186] - The Group's financial performance was impacted by the prolonged COVID-19 pandemic, with significant restrictions affecting operations and financial results[181] - The Group has implemented cost control measures and creative initiatives to enhance competitiveness in response to the pandemic's impact[184] - The Group's transportation services in Discovery Bay largely recovered to normal levels in late 2021, but faced challenges due to the pandemic's fifth wave in early 2022[89] - The Group's hotel operations in Hong Kong, particularly Auberge Discovery Bay, recorded an average occupancy rate that outperformed the market due to the popularity of staycations and the government's Consumption Voucher Scheme[101] Governance and Compliance - The Group's compliance with the Listing Rules and Corporate Governance Code was confirmed, ensuring proper governance practices[177] - There were no recorded cases of non-compliance with relevant laws and regulations during the year under review, ensuring adherence to environmental and labor standards[178] - The Audit Committee has reviewed the effectiveness of the Group's risk management and internal control systems during the year under review[199] - The Board of Directors includes experienced members with extensive backgrounds in real estate development and property management, enhancing corporate governance[142][144][146]

Financial Performance - The group's revenue for the six months ended September 30, 2021, was HKD 1,966.5 million, a decrease of 20.7% compared to HKD 2,480.9 million in the same period last year[6]. - The profit attributable to the company's owners was HKD 508.0 million, down 14.4% from HKD 593.6 million year-on-year[6]. - Basic earnings per share for the period were HKD 0.342, compared to HKD 0.400 in the previous year[6]. - The total comprehensive income for the period was HKD 673.8 million, down from HKD 1,186.2 million in the previous year[64]. - The group’s attributable profit for the period was HKD 508.0 million, compared to HKD 593.6 million in the prior period[78]. - The profit before tax for the six months ended September 30, 2021, was HKD 508.0 million, a decrease of 14.4% compared to HKD 593.6 million for the same period in 2020[85]. - The company reported a net profit margin of H%, reflecting improved operational efficiency and cost management strategies[120]. Assets and Liabilities - Total assets increased to HKD 44,400.2 million from HKD 36,700.1 million year-on-year, while total liabilities rose to HKD 17,315.0 million from HKD 10,871.7 million[4]. - The net debt as of September 30, 2021, was HKD 8,315.4 million, up from HKD 4,623.9 million as of March 31, 2021[34]. - The capital debt ratio as of September 30, 2021, was 34.4%, an increase from 19.5% as of March 31, 2021[36]. - The total liabilities increased to HKD 20,527.7 million as of September 30, 2021, from HKD 20,156.0 million as of March 31, 2021, marking an increase of 1.8%[98]. - The group's total liabilities as of September 30, 2021, were HKD 11,592.8 million, up from HKD 7,684.8 million, reflecting a growth of 50.5%[105]. Property Development and Investment - The property development and investment segment generated revenue of HKD 2,042.8 million, including HKD 535.3 million from joint ventures and associates[9]. - The property development segment's performance declined by 44.6% to HKD 272.2 million, reflecting a decrease in the number of units delivered to buyers compared to the previous year[28]. - The property investment segment's revenue increased by 10.1% to HKD 313.9 million, primarily due to improved performance from joint ventures[29]. - The company plans to develop a site in Discovery Bay that will add over 1.3 million square feet of residential land, providing more than 1,400 residential units[10]. - The project at Lohas Park is expected to provide 262 units and is anticipated to obtain occupancy permits in Q1 2022, with sales expected in Q2 2022[11]. Market and Economic Outlook - The group expects economic recovery to remain volatile in the short to medium term due to ongoing geopolitical tensions and the impact of new COVID-19 variants[25]. - The group maintains a cautious approach in the mainland China market, closely monitoring developments despite a strong GDP growth of 9.8% in the first three quarters of 2021[26]. - The company anticipates an increase in land supply in Hong Kong due to favorable government policies, maintaining an optimistic outlook on the property market[26]. Cash Flow and Financing - For the six months ended September 30, 2021, the net cash used in operating activities was HKD (4,633.4) million, a significant decrease compared to HKD 1,075.1 million for the same period in 2020[69]. - The company reported a net cash inflow from financing activities of HKD 4,928.9 million, a substantial increase from a cash outflow of HKD (856.6) million in the previous year[69]. - The company’s investment activities resulted in a net cash outflow of HKD (123.4) million, compared to HKD (73.4) million in the previous year, indicating increased investment activity[69]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, down from HKD 0.04 per share in the previous year[7]. - Major shareholders include CCM Trust (Cayman) Limited with 715,617,969 shares (48.17%) and LBJ Regents (PTC) Limited with 101,084,280 shares (6.81%)[48]. - The company has a total of 148,530,180 shares available for options under the 2021 plan, representing 10% of the issued share capital as of August 25, 2021[45]. Operational Performance - The average occupancy rate for the Shanghai Sukai Tai Hotel exceeded 72.7% during the period from April to September 2021, supported by strong local business and tourism demand[20]. - The group’s ferry and bus services in Discovery Bay have returned to pre-pandemic levels, although operational costs remain a challenge due to rising fuel prices[18]. - The leisure business segment recorded revenue of HKD 4.1 million, down from HKD 9.7 million in the same period last year, with Lantau Yacht Club and DB Ice Rink still in the early stages of operation[32]. Employee and Corporate Governance - The group emphasizes employee training and development, with a total of 1,546 employees as of September 30, 2021, and has been recognized as a "Mental Health Friendly Organization" by the Department of Health[24]. - The company has fully complied with the corporate governance code, except for the chairman's absence at the annual general meeting due to other commitments[52].

Property Development and Acquisitions - The Group successfully bid for a second premium land lot in Hangzhou[30] - The latest residential project in Jiaxing City was named Starlight One[30] - The Group acquired a 16-storey industrial building named United Daily News Centre in To Kwa Wan[31] - The Group entered into an agreement to acquire 18 property units on Hollywood Road / Upper Lascar Row in Sheung Wan[31] - The handover of units of Poggibonsi in Discovery Bay started[29] - Creekside One in Jiaxing obtained an occupation permit[31] - Mansion One in Jiaxing obtained an occupation permit[31] - The Group accepted the Government's offer for Master Plan 7.0E for Discovery Bay, which will expand the Group's portfolio in the long term[43] - The acquisition and conversion of older buildings are increasingly attractive due to the shortage of new land supply, aiming to diversify the Group's portfolio[44] - In Mainland China, the Group acquired a second land plot in Hangzhou for development into a low-density residential community, aligning with its strategy to expand in the Yangtze River Delta area[47] - The Group's residential land portfolio in Hong Kong will increase by over 1.3 million square feet, providing over 1,400 units, following the acceptance of terms for Master Plan 7.0E for Discovery Bay[75] - The new DB Plaza extension added approximately 59,000 square feet to the Group's investment property portfolio, featuring a mix of retail and F&B options[82] - Two key residential projects in Jiaxing are scheduled to launch in mid-2021, with occupation permits granted in the Current Year[86][87] - The Group acquired a second land plot in Hangzhou during the Current Year, indicating ongoing market expansion efforts[86][87] Financial Performance - The Group's revenue for the financial year ended 31 March 2021 was HK$3,942.3 million, a decrease of 16.1% from the previous year[38] - Profit attributable to the Company's shareholders was HK$897.3 million, a decrease of 44.8% compared to HK$1,624.6 million in 2019/2020[38] - Underlying profit, excluding net unrealised gains on fair value of the investment property portfolio, was HK$868.6 million, representing a 23.9% decrease from the last financial year[38] - Revenue from property development and investment for the Current Year was HK$4,237 million, down from HK$5,108 million in 2019/2020, reflecting a decrease of approximately 17%[72][73] - The Group's contribution from property development and investment was HK$1,275 million, a slight decrease from HK$1,306 million in the previous year[73] - The Group's final results for the year ended March 31, 2021, were announced, with a total dividend of HK9 cents per share, down from HK12 cents in 2020[153] - A final dividend of HK5 cents per share was recommended for the year ended March 31, 2021, compared to HK7 cents in the previous year[153] - The interim dividend for the six months ended September 30, 2020, was HK4 cents per share, contributing to the total dividend for the year[153] Awards and Recognition - HKR International Limited received the "15 YEARS PLUS CARING COMPANY" logo from The Hong Kong Council of Social Service[32] - The company won the Grand Prize Award 2018-2020 in the ERB Manpower Developer Award Scheme[32] - HKR Limited achieved the Outstanding Developer Awards 2019, including the Urban Design & Master Planning Award and the Green Development Award[32] - The company was recognized with the Best ESG Report (Small Cap) commendation at the Hong Kong ESG Reporting Awards 2020[32] - HKR International Limited received the Sustainable Business Award 2020 from the World Green Organisation[32] - The company was awarded the HSBC Living Business SDGs Awards - Goal 12: Responsible Consumption and Production - Silver Award in 2019[32] - HKR International Limited won the Bronze Award in Property Management (Residential) at the Hong Kong Awards for Environmental Excellence 2019[32] - The company achieved the Gold Award for the Creative Benchmark Shopping Centre at the 2020 China Shopping Mall Value Board[33] - HKR International Limited was recognized with the Most Popular Project Award 2020 for La Scala by Jiaxing Daily[33] - The Group received the Privacy-Friendly Awards 2021 - Silver Certificate from the Office of the Privacy Commissioner for Personal Data[32] Market Conditions and Strategy - The global economy contracted by 3.5% in 2020, with Mainland China recording a GDP growth of 2.3%[40] - Despite market downturns, Hong Kong's residential property market remained relatively stable, with property prices experiencing a lower drop than expected[40] - The Group's strategy includes enhancing the value of its investment properties, with the West Gate Tower being converted into a commercial building[46] - The Group is optimistic about Thailand's medium- and long-term economic prospects, planning to improve project designs and planning during the current stagnation[51] - The Group expects continued volatility in the near-to-mid-term due to the lingering effects of the pandemic and geopolitical tensions[56] - Residential prices in major Chinese cities are forecasted to grow steadily, benefiting from a quality-driven trend in housing demand[59] - The Group's strategy includes diversifying its property portfolio in Hong Kong by seeking opportunities for new projects and urban redevelopment[69] - The Group aims to maintain a diversified and high-quality tenant mix to preserve competitiveness in its investment properties[165] Corporate Governance and Leadership - The Group appointed two female directors, increasing female representation on the board to one-third, exceeding the market average in Hong Kong[55] - The Group's board includes experienced members with over 40 years in real estate development and project management, enhancing strategic decision-making[126][130] - The Executive Chairman has been with the company since 1989, bringing extensive experience in real estate and textile manufacturing[126] - The Managing Director has over 40 years of experience in property development, contributing to the Group's operational expertise[130] - The Group's leadership structure includes a Non-executive Deputy Chairman who has been on the board since 1989, ensuring continuity and governance[128] - The Executive Director, appointed in February 2021, has over 30 years of experience in project management, particularly in property development in Thailand[132] - The company has a strong governance structure with various committees, including Audit, Remuneration, and Nomination, ensuring oversight and strategic direction[141][143] - The presence of independent non-executive directors on the board suggests a commitment to transparency and accountability in decision-making[141][143] Sustainability and Corporate Social Responsibility - The Group implemented long-term sustainability targets aligned with the United Nations' Sustainable Development Goals, aiming for achievement by 2030[112] - The hospitality segment launched "The Sustainability Programme" to reduce plastic consumption and enhance sustainability efforts[117] - The Group received multiple awards for its corporate social responsibility efforts, including the "Sustainable Business Award 2020" from the World Green Organization[115] - The Group emphasizes customer satisfaction and has implemented rigorous control measures to ensure the quality and safety of properties during bidding and construction phases[121] - The Group prioritizes sustainability in its supply chain by selecting suppliers based on ethical and environmental performance criteria[122] - A new Supplier Code of Conduct has been established to communicate expectations regarding business ethics, labor rights, and environmental standards to suppliers[122] - The Group encourages suppliers to use green, non-hazardous, and recyclable materials while promoting paperless operations[123] Employee and Community Engagement - The Group employed a total of 1,624 people as of March 31, 2021, emphasizing employee well-being and safety during the COVID-19 pandemic[120] - The Group's donations and sponsorships to various charities and organizations totaled HK$3.4 million during the current year, supporting underprivileged communities[120] - The Group emphasizes the importance of employee well-being through regular disinfection and provision of anti-pandemic supplies[164] Risk Management and Compliance - The Group actively monitors changes in local laws and regulations to mitigate compliance risks, ensuring effective adherence to relevant requirements[172] - The Audit Committee has reviewed the effectiveness of the Group's risk management and internal control systems during the financial year[173] - The Group has arranged adequate insurance coverage for business interruptions or disasters that may result in income loss[166] - Cyber-attacks have increased in frequency and severity, prompting the Group to engage external consultants for cyber security assessments and implement regular training and recovery drills[171] - The Group will implement further cost control measures and enhance its retail portfolio's competitiveness to mitigate pandemic-related risks[164] - The long-term impact of the COVID-19 pandemic on the Group's business remains uncertain, with ongoing monitoring of the situation[164]

Financial Performance - The group's revenue for the six months ended September 30, 2020, was HKD 2,480.9 million, representing a 30.4% increase from HKD 1,903.1 million in the same period last year[9]. - The profit attributable to shareholders for the same period was HKD 593.6 million, a decrease of 36.8% compared to HKD 939.2 million in the previous year[9]. - Basic earnings per share for the period were HKD 0.40, down from HKD 0.632 in the same period last year[9]. - The group's gross profit margin for the period was 41.9%, up from 41.3% for the year ended March 31, 2020[28]. - The company reported a total profit of HKD 756.6 million for the period, compared to HKD 968.0 million in the previous year, reflecting a decrease of approximately 21.8%[74]. - The company's total revenue from external customers, excluding joint ventures and associates, was HKD 3,373.5 million, indicating strong operational performance[73]. - The company reported a significant increase in cash and cash equivalents, totaling HKD 2,727.2 million, compared to HKD 2,511.4 million at the end of the previous period[61]. - The total comprehensive income for the period was HKD 1,186.2 million, compared to HKD 511.3 million in the same period last year[60]. Assets and Liabilities - The total assets as of September 30, 2020, were HKD 36,700.1 million, a slight decrease from HKD 37,001.3 million in the previous year[7]. - The total liabilities decreased to HKD 10,871.7 million from HKD 12,643.6 million year-on-year[7]. - The net asset value attributable to shareholders was HKD 22,975.9 million, up from HKD 21,709.8 million in the previous year[7]. - As of September 30, 2020, the group's non-current assets amounted to HKD 25,776.2 million, with current assets of HKD 6,827.9 million[54]. - The group's total equity attributable to shareholders was HKD 4,216.2 million as of September 30, 2020[54]. - The total liabilities increased to HKD 11,187.6 million as of September 30, 2020, compared to HKD 10,848.1 million as of March 31, 2020[94]. Dividends and Shareholder Information - The board declared an interim dividend of HKD 0.04 per share, down from HKD 0.05 per share in the same period last year[10]. - As of September 30, 2020, the total shares held by directors and their associates amounted to 802,093,180, representing approximately 54.00% of the issued share capital[37]. - The largest individual shareholder, Mr. Cha Mo-sheng, held 802,093,180 shares, which included 18,553,781 shares of personal interest and 780,114,975 shares under discretionary trusts[37]. - The company reported a change in the number of shares held under discretionary interests on October 12, 2020, resulting in a new total of 802,211,804 shares and a percentage of 54.01%[39]. Loans and Financing - The group secured a five-year syndicated loan totaling HKD 3.35 billion in August 2020 and another HKD 1 billion loan in October 2020[6]. - The group had undrawn credit facilities of approximately HKD 2,376.0 million as of September 30, 2020, a decrease from HKD 5,495.6 million as of March 31, 2020[34]. - The company is a borrower under a loan agreement established on August 4, 2020, with a total principal amount of HKD 3,350 million, maturing five years from the date of the agreement[49]. - The company is also a borrower under a loan agreement established on October 9, 2020, with a total principal amount of HKD 1,000 million, maturing five years from the date of the agreement[49]. Property Development and Investment - The group sold 109 units of the Yat Tei project, with revenue from 93 units recognized during the period[13]. - The group is preparing for sales promotions for the Yat Fung project, which has recently obtained occupancy permits[14]. - The group's property investment segment was impacted by the overall business environment and social distancing measures, with rental rates for existing properties in Discovery Bay at 84% and 97% for the respective shopping areas as of September 30, 2020[15]. - The expansion of Discovery Bay Plaza added approximately 59,000 square feet to the investment property portfolio, enhancing leisure and shopping options for residents and visitors[15]. - In mainland China, the property market is recovering, with sales activities resuming as of September 30, 2020, and a stable growth in transaction volume expected[15]. - The group has nearly sold out its residential projects in Jiaxing, with 577 units in Yuti Garden sold and 694 units in Jingyue Bay sold as of September 30, 2020[16][17]. Healthcare and Hospitality - The group acquired the remaining 43% stake in a dental clinic, gaining full control over its healthcare services, which include chronic disease management and a comprehensive medical network[24]. - The group's hotel business in Hong Kong has seen a higher average occupancy rate compared to the market average, driven by local staycation promotions[21]. - The Sukhothai Bangkok hotel reopened in August after a four-month closure due to lockdown measures, receiving health and safety certification from the Tourism Authority of Thailand[22]. - The Shanghai Sukothai Hotel achieved rapid recovery in occupancy rates, being rated as the second-best hotel in Shanghai by Condé Nast Traveler readers[23]. Economic Outlook and Strategy - The group anticipates continued economic volatility due to the COVID-19 pandemic and geopolitical tensions, but expects stable demand for quality properties in China[27]. - The group plans to maintain a flexible operating strategy to seize opportunities and manage potential risks while safeguarding shareholder interests[27]. - The company plans to expand its market presence and invest in new product development to drive future growth[63]. - The company has implemented new strategies to improve operational efficiency, aiming for a reduction in costs by F% over the next fiscal year[117].

Awards and Recognition - HKR International Limited received the Employer of Choice Award 2019 and was recognized as the Influential Leader of the Year at the 2019 China Real Estate Fashion Awards[71] - The company achieved significant recognition with the CLP Smart Energy Award 2019 and the Joint Energy Saving Award, highlighting its commitment to sustainability[71] - HKR International Limited was awarded the Best Developer (Hong Kong) at the Asia Property Awards 2019, showcasing its leadership in the real estate sector[71] - The company was recognized as the Shopping Destination of the Year at the 2019 Lifestyle Awards, reflecting its strong market presence[71] - HKR International Limited's Managing Director, Mr. Victor Cha, received the Executive of the Year Award for Real Estate, underscoring his leadership and impact in the industry[71] - The company was honored with the Corporate Green Governance Award for Stakeholder Engagement at the Hong Kong Green Awards 2019, emphasizing its corporate social responsibility efforts[71] - HKR International Limited's shopping center was rated as a Five Star Shopping Center by the Commercial Cultural Tourism Committee of China Real Estate Association, indicating high standards in customer experience[71] - The company achieved the Silver Award for Volunteer Work from the Social Welfare Department, reflecting its commitment to community service[71] - HKR International Limited was recognized as a Good MPF Employer for five consecutive years, demonstrating its dedication to employee welfare[71] - The company received multiple awards at the 2019 China Finance Summit, including Business Leader in New Era, highlighting its influence in the financial sector[71] Company Overview and Strategy - HKR International Limited was established in 1989 after a series of reorganizations, becoming a new listed holding company[82] - The company has diversified interests in real estate development, property management, luxury hotels, and healthcare services across Hong Kong, mainland China, and Asia[82] - The company aims to create a healthy, stylish, and distinctive living experience through innovation and teamwork[78] - The company emphasizes high ethical standards, innovation, and excellence as part of its core values[81] - The Group is focused on expanding its market presence and enhancing its portfolio through strategic investments and developments[82] Financial Performance - The Group's turnover for the financial year ended March 31, 2020, was HK$4,696.5 million, representing an increase of 22.2% compared to HK$3,844.0 million in the previous year[97] - Profit attributable to the Company's shareholders for the year was HK$1,624.6 million, a decrease of 26.4% from HK$2,206.9 million in 2018/2019[97] - Basic earnings per share were HK109.4 cents, down from HK148.6 cents last year[97] - As of March 31, 2020, the net asset value attributable to shareholders was HK$22,067.4 million (HK$14.9 per share), compared to HK$21,300.4 million (HK$14.3 per share) last year[97] - The Board recommended a final dividend of HK7 cents per share, bringing the total dividend for the year to HK12 cents per share, up from HK10 cents per share in 2018/2019[97] Market Impact and Response to COVID-19 - The Group's two key markets, mainland China and Hong Kong, were significantly impacted by the COVID-19 pandemic, with mainland China's GDP dropping by 6.8% in the first quarter[101] - The Group maintained stable operations and cash flow despite external challenges, adjusting business priorities and implementing cost containment measures[101] - The Group continues to focus on high-quality property development and investment, which strengthens its resilience against short-term market shocks[101] - The Group's operations in mainland China were suspended for a period due to the nationwide lockdown, impacting business performance[114] - Hong Kong's economy is expected to remain weak, with rising unemployment affecting consumer confidence[103] - The Group anticipates that the property market in Hong Kong will not experience a free fall, with transaction numbers and prices gradually stabilizing[105] - The Hong Kong Government's relaxation of certain mortgage financing requirements is expected to provide a boost to the sluggish market[105] - The Group remains cautious and will adopt a prudent and flexible approach in Thailand and Japan due to heightened risks from the coronavirus[105] - The Group's management team established a dedicated task force to handle operational crises and ensure efficient coordination of resources[114] Property Development and Projects - HKR International Limited's flagship project, Discovery Bay, has a total gross floor area of approximately 11,000,000 sq. ft., featuring various residential and recreational facilities[84] - HKRI Taikoo Hui in Shanghai has a total gross floor area of approximately 3,500,000 sq. ft., comprising a retail center, office towers, boutique hotels, and event venues[86] - The CDW Building in Tsuen Wan has a total gross floor area of approximately 980,000 sq. ft., including a shopping mall and office tower, well-connected to public transport[84] - La Cresta in Sha Tin offers low-density residential units with a total gross floor area of approximately 135,000 sq. ft., located in a prestigious area[85] - The Group acquired Wellgan Villa in Kowloon Tong for HK$760 million, enhancing its residential portfolio[93] - The Group's project Oasis One in Hangzhou offers approximately 663,000 sq. ft. of residential space, providing around 400 units[91] - The Group launched new residential and commercial projects in Discovery Bay, enhancing community facilities[116] - A new low-density development in Tai Po is scheduled to launch in 2021, in a joint venture with Hysan Development Company Limited[126] Sales and Occupancy Rates - As of March 31, 2020, 87 units of the residential project Poggibonsi were sold, with a total gross floor area of approximately 187,000 square feet[125] - The Group's luxury residential property La Cresta recorded sales of 52 out of 61 units, with revenue recognized from 14 units during the year[125] - The retail podium at 8½ in Tsuen Wan achieved a 100% occupancy rate as of March 31, 2020, while the overall CDW building maintained a 96% average occupancy rate[133] - Wellgan Villa, acquired in August 2019, has an occupancy rate of 81% as of March 31, 2020, generating stable rental income[134] - City One in Jiaxing, Zhejiang Province, has achieved a sales performance of 99.7% for approximately 580 apartment units as of March 31, 2020[138] - Riviera One, adjacent to City One, has nearly sold out all 702 apartments, with revenue from 680 units recognized during the year[138] - HKRI Taikoo Hui achieved a 98% commitment rate for its office towers as of March 31, 2020[146] - The Exchange in Tianjin maintained an average occupancy rate of 88% for its retail mall and 86% for its office towers during the year[149] - In Japan, the Group's five investment properties achieved occupancy rates ranging from 92% to 100% as of March 31, 2020[154] Sustainability and Corporate Social Responsibility - The Group established a formal Environmental, Social and Governance (ESG) Committee in September 2019 to integrate ESG considerations into decision-making processes[169] - The Group identified six areas in the United Nations Sustainable Development Goals relevant to its business to build a sustainable development agenda in the coming years[169] - The Group recorded a 9.6% decrease in electricity consumption and a 25.6% decline in water consumption intensity compared to the previous year[180] - 98% of food waste from the hospitality operation was recycled during the year, showcasing the Group's commitment to sustainability[180] - The Group's environmental policies include integrating eco-friendly concepts in business operations and property development, promoting green technology advancements[176] - The "Sponge City" concept was deployed in some projects in mainland China to manage climate-related risks and reduce urban heat island effects[178] - The Group received the "15 Years Plus Caring Company" Logo and the Silver Award for Volunteer Service, recognizing its commitment to corporate social responsibility[173] - Various community support initiatives were implemented, including engaging underprivileged children and fostering environmental awareness through the "All-in" theme[173] - A new CSR program "HKRI • Design with Love" was launched to refurbish a school for children of migrant workers, enhancing the learning environment[174] Employee Welfare and Health Measures - The Group had a total of 1,719 employees as of March 31, 2020, emphasizing employee well-being and competitive remuneration packages[182] - The "PRI2DE Wellness" program included various events aimed at supporting the physical and mental health of employees[182] - The Group maintained a zero workplace fatality record and implemented measures to mitigate COVID-19 risks, including remote work arrangements and intensive cleaning[183] - The Group implemented enhanced preventive measures against COVID-19, including increased cleaning frequency and compliance with health regulations to protect customers[186] Economic Outlook and Market Strategy - The Group's key markets, including mainland China, Hong Kong, and Thailand, are expected to face severe economic strain, with Hong Kong potentially recording negative growth in 2020[191] - The unemployment rate rise and overall dampened sentiment may affect consumer purchasing power in the short term, but long-term property market demand is expected to remain stable due to housing supply shortages and low interest rates[192] - The macro-economic outlook remains uncertain and not overly positive, prompting the Group to focus on high-quality developments and cautious investment opportunities[194] - The Group's commitment to sustainability extends to addressing supply chain risks in quality, compliance, and environmental areas[189] - The Group's premium properties are expected to benefit from the growing consumer trend towards seeking quality living spaces[193] - The Group will continue to take cost containment measures to maintain healthy liquidity amid uncertain economic conditions[194] - The management emphasizes the importance of effective cost control measures to maintain a healthy liquidity level[196] - The company expresses gratitude to shareholders, customers, and business partners for their trust and support, which drives the company towards greater achievements[195]

Financial Performance - The group's unaudited revenue for the six months ended September 30, 2019, was HKD 1,903.1 million, a decrease of 17.5% compared to HKD 2,306.2 million in the same period last year[8]. - Profit attributable to shareholders for the period was HKD 939.2 million, down 7.9% from HKD 1,020.1 million year-on-year[8]. - Basic earnings per share for the period were HKD 0.632, compared to HKD 0.687 in the previous year[8]. - The group reported a significant decrease in other comprehensive income, with a total of HKD (456.7) million compared to HKD (972.4) million in the previous period[60]. - The net profit for the period was HKD 968.0 million, down 15.7% from HKD 1,148.6 million year-on-year[60]. - The total comprehensive income for the period was HKD 511.3 million, significantly up from HKD 176.2 million in the prior year[60]. - The company's cumulative profit increased to HKD 9,722.3 million, up by 2.4% from HKD 9,952.2 million[64]. - The company reported a total segment revenue of HKD 3,728.5 million, with property development contributing HKD 2,118.1 million and property investment contributing HKD 1,114.1 million[101]. Assets and Liabilities - Total assets as of September 30, 2019, amounted to HKD 37,001.3 million, an increase from HKD 33,723.8 million a year earlier[6]. - Total liabilities increased to HKD 12,643.6 million from HKD 11,284.8 million year-on-year[6]. - The group's non-current assets amounted to HKD 25,277.6 million, while current assets were HKD 6,607.3 million[54]. - Total liabilities included current liabilities of HKD 14,611.3 million and non-current liabilities of HKD 13,417.8 million[54]. - The company's equity attributable to owners rose to HKD 21,709.8 million from HKD 21,300.4 million, an increase of 1.9%[62]. - The group's total liabilities decreased from HKD 11,717.5 million as of March 31, 2019, to HKD 10,967.1 million as of September 30, 2019, reflecting a reduction of approximately 6.4%[121]. Investment Properties - The property development and investment segment generated revenue of HKD 2,319.5 million, including HKD 912.7 million from joint ventures and associates[12]. - The fair value of investment properties increased to HKD 13,642.8 million as of September 30, 2019, compared to HKD 11,780.6 million as of September 30, 2018, reflecting a growth of about 15.8%[111]. - The fair value gain on investment properties for the six months ended September 30, 2019, was HKD 560.0 million, significantly higher than HKD 103.2 million for the same period in 2018, representing a year-over-year increase of approximately 442.7%[121]. - The group's investment properties were valued at HKD 22,552.0 million as of September 30, 2019, down from HKD 22,779.7 million as of March 31, 2019, indicating a decrease of about 1.0%[121]. Dividends and Shareholder Equity - The company declared an interim dividend of HKD 0.05 per share, up from HKD 0.04 per share in the same period last year[9]. - The group reported a shareholder equity increase of HKD 409.4 million to HKD 21,709.8 million as of September 30, 2019, compared to HKD 21,300.4 million on March 31, 2019[30]. - The total number of shares held by directors and their associates amounted to approximately 727,828,090 shares, representing about 49.00% of the issued share capital[41]. Cash Flow and Financing - The net cash generated from operating activities was HKD 976.2 million, an increase of 15.5% from HKD 845.6 million year-on-year[67]. - The company reported a net cash outflow from investing activities of HKD 781.3 million, compared to an inflow of HKD 211.5 million in the previous period[67]. - The company raised HKD 1,600.0 million in new bank and other loans, a significant increase from HKD 17.3 million in the previous period[67]. - The group's cash and cash equivalents decreased to HKD 645.9 million as of September 30, 2019, from HKD 983.7 million as of March 31, 2019, a decline of about 34.3%[121]. Market and Economic Outlook - The group plans to remain flexible and cautious in response to global economic uncertainties, including the US-China trade tensions and potential Brexit impacts[28]. - The group aims to leverage opportunities in the Yangtze River Delta region despite challenges in the Chinese economy, particularly in the real estate market[29]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[68]. Corporate Governance - The company has fully complied with the corporate governance code, except for a minor deviation regarding the attendance of the chairman at the annual general meeting[47]. - The company has a remuneration committee chaired by Mr. Cheung Wing Lam Linus[145]. - The company has a nomination committee chaired by Mr. Cha Mou Sing Payson[145]. - The audit committee is chaired by Mr. Tang Kwai Chang[145].

Awards and Recognition - HKR International Limited received the "Most Influential Enterprise of the Year 2018" award, highlighting its significant impact in the commercial real estate sector[48]. - The company achieved a 5-star award for "Best Interior Design Apartment Hong Kong" at the International Property Awards 2018-2019, showcasing its commitment to quality in property development[48]. - HKR International Limited was recognized as a "Meritorious Family-Friendly Employer" and received special mention for its support of breastfeeding initiatives, reflecting its dedication to social responsibility[48]. - The company secured LEED® Platinum and Gold certifications for its office towers and shopping malls, indicating a strong focus on sustainable building practices[48]. - HKR International Limited's "Discovery Bay" was awarded the "Eco-Friendly Showcase Award 2018," emphasizing its commitment to environmental sustainability[48]. - The company was named "Outstanding Developer" at the Capital Outstanding Developer Awards 2018, reinforcing its reputation in the real estate market[48]. - HKR International Limited's mixed-use interior project won a 5-star award at the International Property Media, further establishing its design excellence in the Asia Pacific region[48]. - The company received recognition as a "Green Office and Eco-Healthy Workplace" under the Green Office and Eco-Healthy Awards Labelling Scheme, highlighting its efforts in promoting a healthy work environment[48]. - HKR International Limited was awarded the "Corporate Green Governance Award" for its leadership in corporate sustainability practices[48]. - The company was featured in the "China Feast Restaurant Awards 2018-2019" as an annual gourmet landmark, showcasing its influence in the dining and hospitality sector[48]. Financial Performance - The Group's turnover for the financial year ended March 31, 2019, was HK$3,844.0 million, representing a 73% increase from HK$2,222.3 million in the previous year[69]. - Profit attributable to the Company's shareholders decreased by 4.3% to HK$2,206.9 million compared to HK$2,305.1 million in 2017/2018[69]. - Basic earnings per share were HK148.6 cents, down from HK155.2 cents last year[69]. - The net asset value attributable to the Company's shareholders as of March 31, 2019, was HK$21,300.4 million (HK$14.3 per share), an increase from HK$19,717.8 million (HK$13.3 per share) the previous year[69]. - The Board of Directors recommended a final dividend of HK6 cents per share, bringing the total dividend for the year to HK10 cents per share[70]. Real Estate Development - HKR International Limited's flagship project, Discovery Bay, has a total gross floor area of approximately 11,000,000 sq. ft. and includes various residential and recreational facilities[55]. - The CDW Building in Tsuen Wan has a total gross floor area of approximately 980,000 sq. ft., featuring a shopping mall and office tower[56]. - The La Cresta residential development in Sha Tin has a total gross floor area of approximately 135,000 sq. ft.[57]. - HKRI Taikoo Hui in Shanghai comprises a total gross floor area of approximately 3,500,000 sq. ft., including retail, office, and hotel facilities[57]. - City One in Jiaxing has a total gross floor area of approximately 893,000 sq. ft., marking the first residential project by a Hong Kong developer in the area[58]. - The Group launched the Poggibonsi residential project in Discovery Bay in March 2019, aiming to enhance service quality at membership clubs[76]. - The two notable residential projects, Poggibonsi in Discovery Bay and La Cresta in Sha Tin, have received keen market interest[89]. - The Group's integrated developments, particularly in Discovery Bay and HKRI Taikoo Hui, aim to create self-contained ecosystems that blend living, working, and leisure[90]. - The Group's strategy includes diversifying its property portfolio geographically, targeting an equal proportion of its portfolio in Hong Kong, mainland China, and overseas[101]. Market Conditions - The real estate market in Hong Kong has shown moderate decline, with property transactions reducing in the second half of 2018 due to new housing initiatives[73]. - In Hong Kong, the property market showed stability with improved transaction volume and prices since the beginning of the year, despite a brief dip in the latter half of 2018[89]. - The economic outlook for Hong Kong in 2019 is expected to be challenging due to moderating growth among key trading partners[196]. - The introduction of additional control measures by the HKSAR Government may significantly impact property prices if home prices continue to rise[200]. Sustainability and Environmental Initiatives - The company secured LEED® Platinum and Gold certifications for its office towers and shopping malls, indicating a strong focus on sustainable building practices[48]. - HKRI Taikoo Hui's office towers and shopping mall have achieved LEED® Platinum and Gold certifications, respectively, demonstrating a commitment to sustainable development[177]. - The company reduced electricity consumption by 6% in Hong Kong and mainland China compared to the previous year[184]. - More than 24,000 kg of food waste was diverted from landfills through waste management initiatives at Discovery Bay[184]. - The Group is committed to environmental sustainability by purchasing new buses that meet EU emission standards[144]. - The Group emphasizes sustainable development by partnering with suppliers who share similar values and implementing environmental practices[195]. Healthcare and Community Engagement - The Group's healthcare operation received ISO 9001:2015 certification, reflecting its commitment to quality management[192]. - GenRx Holdings Limited acquired Humphrey & Partners Medical Services Limited, which operates over 250 affiliated clinics, to strengthen its presence in the private healthcare sector[160][162]. - Healthway Medical has established a database of over 2 million patient records and continues to expand its comprehensive healthcare services[167]. - The company has formed strong alliances with over 1,000 businesses and nearly 50 local and international healthcare institutions and insurance companies[167]. - Healthway Medical is positioned to lead healthcare promotion across various communities and enterprises nationwide[167]. Employee Engagement and Corporate Culture - As of March 31, 2019, the Group employed a total of 2,359 employees, focusing on talent attraction and retention[185]. - The Group launched a new corporate wellness program, "PRI2DE Wellness," aimed at promoting work-life balance and employee engagement[185]. - The total number of employees as of March 31, 2019, was 2,359, with a focus on creating an inclusive work environment to attract and retain talent[188]. - The Group has expanded customer service training programs to ensure consistent service levels across various business sectors[188]. - The Group is enhancing communication with customers through various channels, including a 24-hour customer service hotline and mobile messaging applications[191]. Hospitality and Leisure - The hospitality arm of the Group is benefiting from its growing scale and operational expertise, preparing for further growth when suitable opportunities arise[80]. - The average occupancy rate of Auberge Discovery Bay Hong Kong was 79% during the year, despite strong competition[146]. - The Sukhothai Shanghai achieved an occupancy rate of 55% as of March 31, 2019, and received 25 awards in 2018, including "City Hotel of the Year 2018" by Small Luxury Hotels of the World[158][161]. - The Sukhothai Bangkok opened its Club Wing after a major renovation, enhancing its service offerings[64]. - The marina at Discovery Bay Marina Club is expected to reopen in the second half of 2020 after renovations, aiming to attract the prestigious boating community[148].