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].