Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 32,518,000, a decrease of 52.5% compared to HKD 68,444,000 for the same period in 2023[2] - The company reported a loss of HKD 35,473,000 for the period, compared to a profit of HKD 153,824,000 in the previous year, representing a significant decline[3] - The company’s earnings per share for the period was a loss of HKD 0.72, compared to earnings of HKD 3.12 in the same period last year[2] - The company reported a total comprehensive loss of HKD 36,569,000 for the period, compared to a comprehensive income of HKD 154,062,000 in the previous year[3] - The group recorded a loss attributable to shareholders of approximately HKD 35,500,000, compared to a profit of HKD 153,800,000 in 2023, resulting in a loss per share of HKD 0.72[28] Segment Performance - Revenue from external customers for the travel segment was HKD 31,182,000 for the six months ended June 30, 2024, compared to HKD 32,518,000 for the same period in 2023, representing a decrease of 4.1%[12] - The property investment segment generated revenue of HKD 67,142,000 for the six months ended June 30, 2024, compared to HKD 68,444,000 in the previous year, reflecting a decline of 1.9%[12] - The total segment profit for the travel business was HKD 388,000 for the six months ended June 30, 2024, down from HKD 5,704,000 in the same period of 2023, indicating a significant decrease of 93.2%[12] - The total segment profit for the property investment business was HKD 976,000 for the six months ended June 30, 2024, compared to HKD 4,728,000 in the previous year, a decline of 79.3%[12] Expenses and Financial Costs - Administrative expenses rose to HKD 26,006,000, an increase of 10.5% from HKD 23,485,000 in the prior period[2] - Financial costs increased to HKD 14,313,000 for the six months ended June 30, 2024, compared to HKD 12,027,000 for the same period in 2023[18] Asset and Liability Management - Total assets as of June 30, 2024, amounted to HKD 1,359,918,000, compared to HKD 1,388,555,000 as of December 31, 2023[4] - The net asset value decreased to HKD 850,795,000 from HKD 887,364,000 at the end of 2023[5] - Total assets for the travel segment were HKD 47,531,000 as of June 30, 2024, compared to HKD 45,368,000 as of June 30, 2023, an increase of 4.8%[13] - Total assets for the property investment segment decreased to HKD 197,314,000 as of June 30, 2024, from HKD 211,261,000 in the previous year, a decline of 6.6%[13] - The group’s total assets value was approximately HKD 850,800,000 as of June 30, 2024, compared to HKD 887,400,000 as of December 31, 2023, reflecting a decline of about 4.1%[39] Cash Flow and Investments - The company's cash and cash equivalents increased to HKD 61,514,000 from HKD 57,388,000 at the end of the previous year[4] - The company holds significant investments in Tesla, with a fair value of approximately HKD 150 million as of June 30, 2024, representing about 11% of the group's total assets[35] - The group continues to diversify its investment portfolio by holding overseas listed equity securities[35] Market Outlook and Strategic Initiatives - The group is optimistic about the long-term prospects of the commercial property market in Hong Kong despite challenges, and continues to monitor market conditions closely[31] - The group has enhanced its online ticketing system and expanded product offerings to improve overall profitability in the tourism sector[30] - The company remains optimistic about the Hong Kong commercial property market despite current high interest rates and increased supply, believing its investment portfolio will continue to provide stable long-term returns[46] - Macau's tourism industry is expected to grow significantly in 2024, with a projected 20% increase in inbound visitors, exceeding 33 million for the year[46] Employee and Corporate Governance - The group employed a total of 80 employees as of June 30, 2024, with compensation based on qualifications, experience, responsibilities, and performance[43] - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[21] - The group does not recommend the payment of an interim dividend for the six months ended June 30, 2024[30] Economic Context - The International Monetary Fund has revised its forecast for China's economic growth in 2024 from 4.6% to 5%, reflecting increased confidence in China's economic recovery[44] - The World Bank has adjusted its global economic growth forecast from 2.4% to 2.6%, indicating a more optimistic outlook for the global economy[44]

Financial Performance - Revenue for 2023 was approximately HK$101.9 million, with a gross profit increase of approximately 35% to HK$16.8 million[20]. - Profit attributable to owners of the Company was approximately HK$169.3 million, a turnaround from loss in 2022, mainly due to a substantial profit share from associates of approximately HK$143.7 million and a fair value gain on overseas listed equity securities of approximately HK$95.4 million[20]. - Adjusted EBITDA for the Group was approximately HK$334.1 million, excluding interest income from bank deposits[20]. - For the year ended December 31, 2023, total revenue was HK$101,897,000, a decrease of 11.2% from HK$114,778,000 in 2022[23]. - Profit for the year was HK$169,301,000, a significant recovery from a loss of HK$287,072,000 in 2022[23]. - A substantial fair value gain on overseas listed equity securities of approximately HK$95.4 million was recognized in 2023, compared to a fair value loss of approximately HK$174.1 million in 2022[57]. - Profit attributable to owners of the Company for the year was approximately HK$169.3 million, a turnaround from a loss of approximately HK$287.1 million in 2022[57]. - Earnings per share for the year was 3.44 HK cents, compared to a loss per share of 5.83 HK cents in the previous year[57]. Revenue Breakdown - Revenue from the travel business segment decreased by approximately 12% to HK$99.2 million, while gross profit margin increased from approximately 8.7% to approximately 14.2%[20]. - Travel revenue decreased to HK$99,229,000, down 11.5% from HK$112,139,000 in 2022[23]. - Jade Travel's revenue for the year ended December 31, 2023, decreased by approximately 12% to approximately HK$99.2 million, compared to HK$112.1 million in 2022[69]. - The property investment business generated revenue of approximately HK$2.7 million, with a segment loss of approximately HK$14.2 million due to fair value losses on investment properties and a write-down of approximately HK$19.0 million[20]. - The property investment business recorded revenue of approximately HK$2.7 million for the year ended December 31, 2023, slightly up from approximately HK$2.6 million in 2022[76]. Asset and Liability Management - Total assets increased to HK$1,388,555,000 in 2023 from HK$1,271,157,000 in 2022[25]. - Total liabilities decreased to HK$501,191,000 in 2023 from HK$551,792,000 in 2022[25]. - Net assets rose to HK$887,364,000 in 2023, up from HK$719,365,000 in 2022[25]. - As of December 31, 2023, the Group had net current assets of approximately HK$23.1 million, down from approximately HK$24.6 million as of December 31, 2022[112]. - The total equity attributable to owners of the Company increased to approximately HK$887.4 million as of December 31, 2023, compared to approximately HK$719.4 million as of December 31, 2022[118]. - The net gearing ratio improved to approximately 48% as of December 31, 2023, down from approximately 53% as of December 31, 2022[120]. Market and Economic Conditions - Macau's gross gaming revenue surged approximately 334% year-on-year in 2023, reaching about MOP183.1 billion[34]. - Visitor numbers to Macau reached approximately 28.2 million, marking a new post-pandemic record high[34]. - The reopening of borders in Mainland China and other regions has significantly contributed to the economic recovery, with China's GDP growing by 5.2% in 2023[51]. - The global tourism industry rebounded significantly, with international arrivals reaching 1.3 billion, equivalent to 88% of pre-pandemic levels[41]. - Macau's visitor arrivals reached approximately 28.2 million in 2023, recovering to about 70% of the 2019 levels[81]. - The Hong Kong property market is expected to experience decreasing demand due to high interest rates, but a resurgence in commercial property demand is anticipated as global rates peak[139]. Corporate Governance - The Company has complied with all code provisions of the Corporate Governance Code during the year ended December 31, 2023[145]. - The Board consists of six members, including two executive Directors and three independent non-executive Directors, ensuring a balanced structure[151]. - The independent non-executive Directors represent half of the Board, enhancing the independence element[159]. - The Chairman and Deputy Chairman roles are segregated to prevent concentration of power, with clear responsibilities defined[156]. - The Company has established mechanisms to ensure independent views are available to the Board, categorized into four aspects[159]. - All Directors are subject to retirement and re-election at least once every three years at the annual general meetings[152]. - The Nomination Committee adheres to strict independence assessment guidelines for the nomination and re-election of independent non-executive Directors[160]. - The Company has a diverse Board composition with a mix of skills, experience, and perspectives appropriate to the Group's business[155]. Strategic Initiatives - Ponte 16 enhanced its hospitality and entertainment offerings to cater to tourists and supported local art and cultural events[34]. - The company is in discussions with the Macau government regarding its Phase 3 development project, which may include urban renewal initiatives[38]. - Ponte 16 aims to enhance its presence among Asian visitors through targeted marketing campaigns on popular social media platforms[140]. - The Group maintains a positive outlook on its investment portfolio, expecting stable returns despite current market challenges[139]. - The Group's restructuring efforts in recent years have continuously improved its financial performance despite the challenges faced in the travel and property investment sectors[69]. Employee and Operational Insights - As of December 31, 2023, the Group employed a total of 72 employees, with remuneration based on qualifications and performance, including medical insurance and retirement benefits[131]. - The average occupancy rate of Sofitel Macau At Ponte 16 reached approximately 83% for the year ended December 31, 2023, a significant increase from approximately 48% in 2022[92]. - The overall hotel room supply in Macau increased by 23.5% during the year, yet Ponte 16 maintained a strong occupancy rate[94]. Awards and Recognition - The company received multiple awards in 2023, including the "Green Hotel Award – Bronze 2023-2025" and "Best Family Hotel" by Enjoyable Travel[91].

Financial Performance - For the year ended December 31, 2023, the total revenue was HKD 101,897,000, a decrease of 11.2% from HKD 114,778,000 in 2022[3] - The gross profit increased to HKD 16,778,000, up 35.1% from HKD 12,424,000 in the previous year[3] - The operating profit for the year was HKD 51,836,000, compared to an operating loss of HKD 231,892,000 in 2022[3] - The profit before tax was HKD 169,301,000, a significant recovery from a loss of HKD 287,072,000 in the prior year[3] - The net profit attributable to shareholders for the year was HKD 169,301,000, compared to a loss of HKD 287,072,000 in 2022[3] - The basic and diluted earnings per share for the year were HKD 3.44, recovering from a loss of HKD 0.583 in the previous year[3] - The company reported a total comprehensive income of HKD 167,999,000 for the year, compared to a comprehensive loss of HKD 288,280,000 in 2022[5] - The group reported a consolidated loss of HKD 9,896,000 for the year, an improvement from a loss of HKD 12,553,000 in the previous year, indicating a reduction in losses by about 21.2%[24] - The group reported a fair value gain of approximately HKD 95.4 million for the year ended December 31, 2023, compared to a loss of HKD 174.1 million in 2022[64] Revenue Breakdown - The group reported external revenue from the travel segment of HKD 99,229,000 in 2023, down from HKD 112,139,000 in 2022, representing a decrease of approximately 11.5%[24] - The property investment segment generated external revenue of HKD 2,668,000 in 2023, slightly up from HKD 2,639,000 in 2022, indicating a growth of about 1.1%[24] - Ticket sales revenue decreased to HKD 86,667,000 in 2023 from HKD 102,599,000 in 2022, representing a decline of 15.6%[32] - Rental income slightly increased to HKD 2,668,000 in 2023 from HKD 2,639,000 in 2022, a growth of 1.1%[32] - The travel business segment's revenue decreased by approximately 12% to about HKD 99,200,000, down from HKD 112,100,000 in 2022[49] - Property investment business revenue for the year ended December 31, 2023, was approximately HKD 2,700,000, compared to HKD 2,600,000 in 2022, reflecting a year-on-year increase of about 3.85%[51] Assets and Liabilities - Non-current assets totaled HKD 1,037,538,000, an increase from HKD 910,947,000 in 2022[7] - The total equity increased to HKD 887,364,000, up from HKD 719,365,000 in the previous year[8] - Cash and cash equivalents decreased to HKD 57,388,000 from HKD 147,273,000 in 2022[7] - The group's total assets for the reporting segments amounted to HKD 256,629,000 in 2023, down from HKD 274,506,000 in 2022, a decrease of approximately 6.5%[24] - The total liabilities for the reporting segments were HKD 19,665,000 in 2023, a decrease from HKD 21,706,000 in 2022, reflecting a reduction of about 9.4%[24] Client Contributions and Financial Costs - The company’s major clients contributed over 10% of total revenue, with Client A generating HKD 22,968,000 in 2023, down from HKD 58,709,000 in 2022[30] - The company's total financial costs increased to HKD 26,770,000 in 2023 from HKD 13,674,000 in 2022, a rise of 95.5%[33] Market and Operational Insights - Macau's gross gaming revenue surged to approximately MOP 183.1 billion in 2023, representing a significant year-on-year increase of about 334%[52] - The average occupancy rate of the Sofitel at Sixteen Piers reached approximately 83% for the year ended December 31, 2023, a substantial increase from 48% in 2022[58] - The number of inbound tourists to Macau reached approximately 28.2 million in 2023, recovering to about 70% of 2019 levels[52] - The Macau government lifted COVID-19 restrictions in January 2023, leading to a strong recovery in tourism and gaming sectors[52] Future Outlook and Strategic Plans - The company remains optimistic about the long-term potential of the Hong Kong commercial property market despite short-term weaknesses due to high interest rates[78] - The international tourist arrivals in 2024 are expected to return to pre-pandemic levels and may exceed 2% compared to 2019 levels[77] - The company plans to expand its product offerings for domestic and international travel platforms to meet the rapidly growing travel demand[77] - The group aims to continue advancing in positively developing sectors in 2024, focusing on sustainable long-term growth and seizing new opportunities[79] Governance and Compliance - The company has complied with all code provisions set out in the Corporate Governance Code during the year ended December 31, 2023[82] - The preliminary financial results for the year ending December 31, 2023, have been agreed upon by the auditors, confirming consistency with the draft financial statements[86] - The board of directors includes two executive directors, one non-executive director, and three independent non-executive directors[86] - The audit work conducted by the auditors does not constitute an assurance engagement, and no opinion or assurance conclusion has been issued regarding the preliminary announcement[86]

Revenue and Profit - Revenue for the first half of 2023 was approximately HK$68.4 million, with a gross profit of approximately HK$7.5 million[13]. - Profit attributable to owners of the Company was approximately HK$153.8 million, primarily due to a fair value gain on overseas listed equity securities of approximately HK$105.5 million and a share of profit from associates of approximately HK$71.6 million[13]. - Revenue from the travel business increased by approximately 26% to approximately HK$67.1 million, with a segment profit of approximately HK$1.0 million[13]. - Revenue for the six months ended June 30, 2023, increased to HK$68,444,000, up 25.5% from HK$54,536,000 in the same period of 2022[15]. - Gross profit for the period was HK$7,477,000, representing a 41.3% increase compared to HK$5,296,000 in the prior year[15]. - Profit before taxation for the period was HK$153,824,000, a significant turnaround from a loss of HK$125,465,000 in the previous year[16]. - Total comprehensive income for the period attributable to owners of the Company was HK$154,062,000, compared to a loss of HK$125,788,000 in the prior year[20]. - For the six months ended June 30, 2023, the company reported a profit of HK$153,824,000, compared to a loss of HK$125,465,000 for the same period in 2022[26]. Assets and Liabilities - Non-current assets as of June 30, 2023, totaled HK$976,696,000, a slight decrease from HK$910,947,000 at the end of 2022[22]. - Current assets increased to HK$366,158,000 from HK$360,210,000 at the end of 2022, with cash and cash equivalents decreasing to HK$40,114,000 from HK$147,273,000[22]. - Total equity increased to HK$873,427,000 from HK$719,365,000 at the end of 2022, reflecting a stronger financial position[24]. - Reportable segment assets increased to HK$286,564,000 as of June 30, 2023, up from HK$274,506,000 at the end of 2022[65]. - Reportable segment liabilities rose to HK$29,945,000, compared to HK$21,706,000 in the previous year[65]. - Unallocated corporate assets, including interests in associates, increased to HK$605,957,000 from HK$535,404,000[65]. Cash Flow and Financing - The net cash used in operating activities for the six months ended June 30, 2023, was HK$5,306,000, slightly improved from HK$5,800,000 in the same period of 2022[30]. - The company experienced a net decrease in cash and cash equivalents of HK$107,720,000 for the six months ended June 30, 2023, compared to a decrease of HK$10,189,000 in the prior year[31]. - The repayment of bank loans amounted to HK$46,280,000 during the period, compared to HK$44,000,000 in the same period last year[30]. - The company generated HK$1,259,000 from investing activities, a significant improvement from a cash outflow of HK$86,000 in the previous year[30]. - Bank loans, secured, decreased to HK$266,220,000 as of June 30, 2023, from HK$312,500,000 as of December 31, 2022, reflecting a reduction of approximately 14.8%[166]. - The outstanding loan under the Revised Loan Facilities as of June 30, 2023, was approximately HK$200,000,000, down from approximately HK$230,000,000 as of December 31, 2022, indicating a decrease of about 13%[172]. Segment Performance - The Group operates two reportable segments: Travel business (sales of air tickets and provision of travel-related services) and Property investment business (receiving rental income from leasing office premises in Hong Kong)[52]. - Segment profit is calculated without allocating corporate administrative costs, and includes interest income, finance costs, and major non-cash items such as depreciation and impairment losses[53]. - Reportable segment profit decreased to HK$5,704,000, down 15.2% from HK$6,727,000 in the previous year[62]. - The share of results of associates showed a significant improvement, reporting a profit of HK$71,638,000 compared to a loss of HK$9,605,000 in the prior period[62]. Impairment and Fair Value - The Group reported a fair value gain on financial assets of HK$105,520,000, compared to a loss of HK$97,020,000 in the previous year[15]. - The Group recognized a reversal of impairment loss of approximately HK$354,000 for the trademark for the period ended June 30, 2023, attributed to an increase in revenue in the travel business in Canada[100]. - The fair value of investment properties was classified as level 3 under the fair value hierarchy, with no transfers between levels during the reporting period[113]. Share Capital and Dividends - The company has 4,926,491 ordinary shares issued and fully paid, with a nominal value of HK$49,265,000 as of June 30, 2023[183]. - No interim dividend was recommended for the six months ended June 30, 2023, consistent with the previous year[89]. Government Grants and Other Income - The group received government grants of approximately HK$823,000 in the previous year related to COVID-19 subsidies, which were not recognized in the current period[75]. - Other income for the six months ended June 30, 2023, was HK$1,756,000, down 24.6% from HK$2,331,000 in the same period last year[77].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） 00487 （股份代號： ） 截至二零二三年六月三十日止六個月之 中期業績公告 中期業績 實德環球有限公司（「本公司」）董事會（「董事會」）欣然宣布本公司及其附屬公司（統 稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合業績連同相 應期間之比較數字如下： ...

Financial Performance - Revenue for 2022 was approximately HK$114.8 million, with a gross profit of approximately HK$12.4 million[18]. - Loss attributable to owners of the Company was approximately HK$287.1 million, primarily due to a fair value loss on overseas listed equity securities of approximately HK$174.1 million[18]. - Revenue from the travel business segment decreased by approximately 24% to approximately HK$112.1 million, while gross profit margin increased from 3.8% to 8.7%[18]. - The property investment business generated revenue of approximately HK$2.6 million, with a segment loss of approximately HK$15.9 million due to fair value losses on investment properties[18]. - Adjusted EBITDA loss was approximately HK$46.2 million, excluding interest income from bank deposits[18]. - Revenue for the year ended December 31, 2022, was HK$114,778,000, a decrease of 24% from HK$151,130,000 in 2021[21]. - The loss attributable to owners of the Company for 2022 was HK$287,072,000, compared to a profit of HK$4,859,000 in 2021[21]. - Total assets decreased to HK$1,271,157,000 in 2022 from HK$1,388,830,000 in 2021, representing a decline of approximately 8.4%[23]. - Total liabilities increased significantly to HK$551,792,000 in 2022, up from HK$381,185,000 in 2021, marking an increase of about 44.8%[23]. Tourism and Market Recovery - The reopening of China's border in January 2023 is expected to accelerate economic recovery and boost global growth[28]. - On January 8, 2023, Macau recorded over 39,600 inbound tourists, representing a 154% increase from the average daily visitor arrivals in 2022[31]. - The number of international tourists in 2022 doubled to over 900 million compared to 2021, with forecasts suggesting a return to 80% to 95% of pre-pandemic levels in 2023[37]. - The Macau New Gaming Concessions awarded in late 2022 are expected to enhance the city's status as a world-class international tourism destination[28]. - The Group aims to improve operational efficiency and optimize product offerings to capture ongoing market recovery opportunities[28]. - The Group is focused on improving operational efficiency and optimizing product and service offerings to capture ongoing market recovery[54]. - The international tourist arrivals in 2022 doubled compared to 2021, reaching over 900 million, with expectations of returning to 80%-95% of pre-pandemic levels in 2023[39]. - The ongoing development of the Greater Bay Area Initiative is expected to support Macau's position as a global tourism destination[138]. - The Group intends to leverage its experience in the entertainment and tourism sectors to capture rising demand in the tourism industry[132]. - The Group will focus on designing travel packages and local tours to cater to diverse interests of retail travelers in the post-pandemic era[134]. Corporate Governance - The Board consists of six members, including two executive directors and three independent non-executive directors, ensuring a balanced structure and diverse perspectives[151]. - The Chairman and Deputy Chairman roles are segregated to maintain a balance of power and authority within the Board[154]. - Independent non-executive directors (INEDs) represent half of the Board and are members of key committees, ensuring independent views are available[158]. - The Nomination Committee assesses the independence of INEDs annually to ensure they can exercise independent judgment[163]. - No equity-based remuneration is granted to INEDs to avoid bias in their decision-making[164]. - The Board meets regularly throughout the year, with notices given at least 14 days in advance for all regular meetings[171]. - The Company Secretary assists in preparing meeting agendas, ensuring all directors are consulted on included matters[171]. - The Board will review the implementation and effectiveness of governance mechanisms annually[166]. - The Company has established mechanisms to ensure independent views are available to the Board, categorized into four aspects[157]. - The INEDs can seek independent advice from external professional advisers at the Company's expense when necessary[165]. Audit and Risk Management - The Audit Committee is chaired by Mr. Chin Wing Lok, Ambrose, who possesses the required professional accounting qualifications[185]. - The Audit Committee's primary duties included monitoring the integrity of financial statements and ensuring the credibility of financial reporting[189]. - The Board has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Executive Committee to oversee specific aspects of the Company's affairs[184]. - The Audit Committee held three meetings during the year, with attendance recorded as 3/3 for the Chairman and two other members attending 2/3[192]. - The effectiveness of the Risk Management and Internal Control Systems was reviewed, including the adequacy of resources and staff qualifications[196]. - The Company considered the re-appointment of External Auditors and discussed their engagement terms, including proposed fees[194]. - A detailed Whistleblowing Policy was established to allow employees and third parties to raise concerns confidentially about misconduct[194]. - The Company reviewed its compliance with the Corporate Governance Code and the disclosures in the corporate governance report[196]. - The Audit Committee considered engaging an external independent consultant for internal audit functions for the year ended December 31, 2022[194]. Employee and Operational Insights - The Group had a total of 68 employees as of December 31, 2022, with remuneration based on qualifications and performance[128]. - The Company provides monthly updates to all Directors regarding the Group's performance, financial position, and prospects[177]. - All Directors participated in training covering corporate governance, business transaction management, and applicable laws[180]. - The Board has a procedure for Directors to seek independent professional advice at the Company's expense[179]. - The Company encourages Directors to attend relevant training to enhance their knowledge and skills[182]. - The Group plans to optimize its investment property portfolio to create long-term value for stakeholders as the market continues to recover[139]. Investment and Market Strategy - The Group is actively assessing investment options to diversify risks and hedge against inflation[40]. - The Group maintains a positive outlook for the long-term prospects of the commercial property market in Hong Kong despite recent market challenges[78]. - The property market in Hong Kong is expected to be impacted by high interest rates in the short term, but the reopening of borders is anticipated to support recovery in commercial property demand[135]. - The company plans to regularly review its investment strategy in response to market changes[112]. - The Group is committed to maintaining corporate agility and resilience through prudent capital management as it aims for a full recovery[132]. Tesla Investment Insights - Tesla's total revenues for the year ended December 31, 2022, increased by approximately 51% to approximately USD 81,462 million compared to USD 53,823 million in the previous year[104]. - Net income attributable to common stockholders for the year ended December 31, 2022, rose by approximately 1.3 times to approximately USD 12,556 million, up from USD 5,519 million in 2021[104]. - A fair value loss of approximately HK$ 174.1 million was recognized for the year ended December 31, 2022, compared to a fair value gain of approximately HK$ 87.7 million in 2021[112]. - The investment in Tesla represented approximately 0.003% of the total common stock held as of December 31, 2022, with a fair value of approximately HK$ 93 million[104]. - The ongoing global supply chain challenges, including semiconductor shortages and labor shortages, have impacted Tesla's production and delivery capabilities[108]. - Tesla's Gigafactory Shanghai experienced temporary shutdowns due to spikes in COVID-19 cases, affecting its ability to deliver cars[109]. - Rising interest rates may lead to reduced consumer spending on Tesla's products, potentially harming demand and operating results[111]. - Tesla declared a three-for-one stock split in August 2022, which was executed in the form of a stock dividend[112]. - The company continues to monitor macroeconomic conditions to remain flexible and optimize its business operations[111].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） 00487 （股份代號： ） 截至二零二二年十二月三十一日止年度之 末期業績公告 業績 實德環球有限公司（「本公司」）董事會（「董事會」）宣布本公司及其附屬公司（統稱「本 集團」）截至二零二二年十二月三十一日止年度之綜合業績連同截至二零二一年十二 月三十一日止年度之比較數字如下： ...

Revenue and Profitability - Revenue for the first half of 2022 was approximately HK$54.5 million, with a gross profit of approximately HK$5.3 million[11]. - Revenue from the travel business increased by approximately 59% to approximately HK$53.2 million, with a segment profit of approximately HK$3.7 million, including a reversal of impairment loss on intangible assets of approximately HK$3.6 million[11]. - Revenue from the property investment business amounted to approximately HK$1.3 million, while segment profit was approximately HK$3.1 million, including a fair value gain on investment properties of approximately HK$1.1 million[11]. - Revenue for the six months ended June 30, 2022, was HK$54,536,000, representing a 54% increase from HK$35,384,000 in the same period of 2021[14]. - Gross profit for the same period was HK$5,296,000, up from HK$4,264,000, indicating a gross margin improvement[14]. - Total revenue for the six months ended June 30, 2022, was HK$54,536,000, an increase of 54% compared to HK$35,384,000 for the same period in 2021[88]. - Revenue from travel business, specifically sales of air tickets, reached HK$48,279,000, up from HK$33,024,000, representing a growth of 46%[88]. - Rental income increased to HK$53,216,000 from HK$33,437,000, marking a rise of 59%[88]. Losses and Financial Strain - Loss attributable to owners of the Company increased to approximately HK$125.5 million, primarily due to an unrealized fair value loss on overseas listed equity securities of approximately HK$97.0 million[11]. - Loss from operations increased significantly to HK$111,522,000 compared to HK$18,812,000 in the prior year, reflecting a substantial operational challenge[14]. - Loss before taxation for the period was HK$125,465,000, compared to HK$52,764,000 in the previous year, highlighting increased financial strain[16]. - Total comprehensive loss for the period was HK$125,788,000, a significant rise from HK$51,296,000 in the same period last year[19]. - The loss for the period, including other comprehensive loss, was HK$ (125,465,000) for the six months ended June 30, 2022, compared to HK$ (52,764,000) for the same period in 2021, indicating a worsening financial performance[34]. - For the six months ended June 30, 2022, the loss attributable to the owners of the company was HK$125,465,000, compared to a loss of HK$52,764,000 for the same period in 2021, representing an increase of 138.5%[110]. Assets and Liabilities - Non-current assets decreased to HK$934,792,000 from HK$950,505,000, indicating a reduction in long-term asset value[24]. - Current liabilities increased to HK$284,700,000 from HK$320,688,000, suggesting a shift in short-term financial obligations[26]. - Cash and cash equivalents decreased to HK$39,340,000 from HK$49,611,000, reflecting a decline in liquidity[24]. - Total equity attributable to owners of the Company decreased to HK$881,857,000 from HK$1,007,645,000, indicating a decline in shareholder value[26]. - The carrying amount of cryptocurrencies was reduced to approximately HK$3,651,000 as of June 30, 2022, down from approximately HK$8,491,000 as of December 31, 2021, resulting in an impairment loss of approximately HK$4,882,000 for the period[125]. - Trade receivables increased to HK$11.5 million as of June 30, 2022, compared to HK$4.9 million at the end of 2021[157]. - The aging analysis of trade receivables showed that current receivables were HK$10.4 million as of June 30, 2022, significantly up from HK$3.5 million at the end of 2021[157]. - The bank loans secured by the Group amounted to HK$258,500,000 as of June 30, 2022, down from HK$302,500,000 as of December 31, 2021[179]. Cash Flow and Financing Activities - For the six months ended June 30, 2022, the net cash used in operating activities was HK$ (5,800,000), compared to HK$ (7,346,000) for the same period in 2021, indicating a decrease in cash outflow[36]. - The net cash used in investing activities for the six months ended June 30, 2022, was HK$ (86,000), compared to HK$ (50,411,000) in the same period of 2021, indicating a substantial reduction in cash outflow for investments[36]. - The company reported a net cash (used in)/generated from financing activities of HK$ (4,303,000) for the six months ended June 30, 2022, compared to HK$ 15,543,000 generated in the same period of 2021[36]. - The cash and cash equivalents at the beginning of the period were HK$ 49,611,000, down from HK$ 117,394,000 at the beginning of the same period in 2021, reflecting a decrease of 58%[38]. - The weighted average effective interest rate on bank loans increased to approximately 2.1% per annum for the six months ended June 30, 2022, compared to 1.9% per annum for the previous period[183]. - The outstanding loan under the loan facilities as of June 30, 2022, was approximately HK$230,000,000, unchanged from December 31, 2021[188]. Segment Information - The Group has two reportable segments: Travel business (sales of air tickets and travel-related services) and Property investment business (rental income from leasing office premises and sale of properties in Hong Kong)[45]. - Segment profit is calculated without allocation of corporate administrative costs, which include directors' emoluments and corporate finance costs[47]. - Reportable segment profit for the travel segment was HK$3,670,000, compared to a loss of HK$1,854,000 in the previous year, indicating a significant turnaround[59]. - Reportable segment assets for the travel segment increased to HK$46,053,000 as of June 30, 2022, up from HK$34,662,000 at the end of 2021, showing growth in asset allocation[82]. - The property investment segment reported assets of HK$251,265,000 as of June 30, 2022, slightly up from HK$250,493,000 at the end of 2021, indicating stability in this segment[82]. Impairment and Fair Value - The loss arising on the change in fair value of financial assets at FVTPL was HK$97,020,000, significantly higher than the loss of HK$7,109,000 in the previous year, highlighting increased volatility in financial assets[69]. - Impairment loss recognized on intangible assets was HK$4,882,000, compared to HK$3,734,000 in the previous year, reflecting challenges in asset valuation[71]. - The fair value of investment properties increased to HK$139,700,000 as of June 30, 2022, from HK$138,600,000 as of December 31, 2021, with an increase of HK$1,100,000 recognized in the consolidated statement of profit or loss[128]. - The Group's investment properties are measured using the fair value model, reflecting a strategic focus on capital appreciation and rental income generation[130]. - The Group's interim impairment test for interests in associates was completed, with a pre-tax discount rate of approximately 7.5% as of June 30, 2022, compared to 7.1% as of December 31, 2021[143]. Corporate Governance and Management - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year where no dividend was declared[110]. - The board believes that the loan terms are in the company's best interest and are established on normal commercial terms[194]. - Mr. Yeung Hoi Sing provided a loan of HK$200,000,000 to the company, which was later increased to a maximum of HK$290,000,000[194].

Financial Performance - Revenue for 2019 was approximately HK$1,147.4 million, with a gross profit of approximately HK$30.3 million[19] - Profit attributable to owners of the Company was approximately HK$74.2 million[19] - Revenue from the travel business increased to approximately HK$1,128.6 million due to strategic collaborations with leading domestic and international travel portals[19] - Revenue from the property investment business was approximately HK$18.8 million[19] - Revenue from continuing operations for the year ended December 31, 2019, was HK$1,128,574,000, representing an increase from HK$1,090,196,000 in 2018, which is a growth of approximately 3.5%[22] - Profit for the year from continuing operations was HK$74,194,000, up from HK$54,213,000 in 2018, marking an increase of about 36.8%[22] - For the year ended December 31, 2019, the Group's revenue was approximately HK$1,147.4 million, an increase of about 2% from HK$1,120.3 million in the previous year[57] - Gross profit decreased by approximately 12% to about HK$30.3 million, down from approximately HK$34.4 million in 2018[57] - The Group's share of profit from associates related to Ponte 16 was approximately HK$116.8 million, a significant increase of about 71% from HK$68.1 million in the previous year[57] - Profit attributable to owners of the Company for the reporting year was approximately HK$74.2 million, compared to HK$54.5 million in 2018, with earnings per share rising to 1.51 HK cents from 1.11 HK cents[57] Assets and Liabilities - Total assets as of December 31, 2019, were HK$1,385,035,000, slightly up from HK$1,382,749,000 in 2018[24] - Total liabilities decreased significantly to HK$240,776,000 in 2019 from HK$314,628,000 in 2018, a reduction of approximately 23.4%[24] - Net assets increased to HK$1,144,259,000 in 2019, compared to HK$1,068,121,000 in 2018, reflecting a growth of about 7.1%[24] - As of December 31, 2019, the Group had net current assets of approximately HK$32.3 million, up from approximately HK$23.0 million in 2018[100] - The Group's net assets increased to approximately HK$1,144.3 million as of December 31, 2019, compared to approximately HK$1,068.1 million in 2018[100] Operational Highlights - Adjusted EBITDA of Ponte 16 increased by approximately 6% to approximately HK$377.5 million, with an average occupancy rate of Sofitel Macau at Ponte 16 exceeding 90%[19] - The flagship investment project, Ponte 16, outperformed the market in revenue growth during 2019, indicating improved operational efficiency and business margins[33] - Jade Travel Ltd. maintained steady growth in online ticketing fulfillment services for travel agencies in 2019[68] - Jade Travel has been enhancing its online presence through technological upgrades and marketing strategies to adapt to changing market conditions[68] - Ponte 16 introduced Macau's first Angry Birds-themed playground in April 2019, which was well-received by locals and tourists[93] - Overall visitation to Macau in 2019 reached approximately 39.4 million, an increase of approximately 10.1% year-on-year[93] Market Outlook - The economic outlook remains uncertain due to the impact of COVID-19, but the company believes that international tourism growth will eventually outpace the global economy in the long term[39] - The company remains positive about the long-term development of the gaming and tourism industries in Macau, supported by the Chinese government's commitment[37] - The Group expects the global economic conditions to be impacted by trade disputes, geopolitical tensions, and the ongoing COVID-19 crisis, particularly affecting the gaming, tourism, and entertainment industries[111] - The Greater Bay Area integration plan is expected to tighten economic links with China, benefiting Macau's economy[115] - The Group believes Hong Kong's property investment market will regain momentum due to solid fundamentals and new demands arising from the Greater Bay Area developments[122] Corporate Governance - The Board of Directors consists of six members, including two executive Directors and three independent non-executive Directors, ensuring a diverse range of business experience and professionalism[138] - The Chairman and Deputy Chairman roles are clearly segregated to balance power and authority within the Board[139] - The company is committed to maintaining high corporate governance standards to enhance shareholder value[127] - The Board has established four committees: Audit, Remuneration, Nomination, and Executive, to oversee specific aspects of the Company's affairs[164] - The Company has maintained good corporate governance standards and procedures throughout the year[171] Financial Management - The Group adopts a conservative approach towards treasury policies to reduce exposure to credit risk[100] - The Group's financial resources were primarily utilized for general operations[102] - The Company extended the final repayment date of the loan facility from October 31, 2020, to October 31, 2022[102] - The Group's secured bank facilities increased to HK$339.5 million and CAD0.9 million as of December 31, 2019, compared to HK$222.5 million as of December 31, 2018[102] - Outstanding bank loans were approximately HK$194.0 million as of December 31, 2019, down from HK$222.5 million as of December 31, 2018[102] COVID-19 Response - The Macau government suspended all casino operations for 15 days in February 2020 to curb COVID-19, and the company complied with all preventive measures[38] - Ponte 16 has adopted necessary protective measures during the COVID-19 pandemic and has optimized hygiene measures during a 15-day suspension of operations[115] - Jade Travel will explore new services and revenue streams while enhancing operational efficiency and cost management in response to the COVID-19 impact on the tourism industry[116] Investment Strategy - The Group aims to enhance its investment portfolio for steady rental income and capital appreciation potential in the long term[79] - The leasing demand for office premises in prime locations remained solid despite economic uncertainties[82] - The Group will continue to monitor the commercial property market closely to identify options for portfolio enhancement[83]

Financial Performance - Revenue for the first half of 2019 was approximately HK$663.2 million, with a gross profit of approximately HK$16.6 million[13] - Profit attributable to owners of the Company was approximately HK$48.7 million[13] - Revenue from the travel business increased by approximately 37% to approximately HK$650.3 million, with a segment loss reduced by approximately 51% to approximately HK$1.2 million[13] - Revenue from the property investment business surged by approximately 269% to approximately HK$13.0 million, with a segment profit of approximately HK$19.6 million due to property disposal gains and fair value recognition[13] - Adjusted EBITDA for Ponte 16 increased by approximately 20% to approximately HK$206.1 million, with shared profit from associates rising by approximately 146% to approximately HK$56.6 million[13] - Revenue for the six months ended June 30, 2019, was HK$663,243,000, an increase of 38.5% from HK$478,549,000 in the same period of 2018[18] - Gross profit for the period was HK$16,617,000, up from HK$12,230,000, reflecting a gross margin improvement[18] - Profit for the period reached HK$48,704,000, significantly higher than HK$14,205,000 in the previous year, marking a 243.5% increase[21] - Total comprehensive income for the period was HK$50,747,000, compared to HK$13,859,000 in the same period last year[50] - The company reported a total comprehensive income for the period of HK$50,747,000 for the six months ended June 30, 2019, compared to HK$14,374,000 for the same period in 2018[66] - Consolidated profit before taxation for the period was HK$48,704, significantly higher than HK$14,205 reported in the same period last year, marking an increase of 243.5%[149] Assets and Liabilities - Non-current assets increased to HK$1,157,677,000 from HK$1,086,708,000, showing growth in long-term investments[55] - Total equity as of June 30, 2019, was HK$1,118,868,000, an increase from HK$1,025,004,000 as of June 30, 2018[66] - The company reported a loss from operations of HK$3,612,000, an improvement from a loss of HK$8,544,000 in the previous year[18] - Interests in associates increased to HK$662,026,000 from HK$605,074,000, indicating growth in strategic partnerships[55] - Total reportable segment assets as of June 30, 2019, amounted to HK$696,845, compared to HK$721,726 as of December 31, 2018, showing a decrease of 3.4%[153] - Reportable segment liabilities decreased to HK$151,156 from HK$169,489, indicating a reduction of 10.8%[153] Cash Flow - Cash and cash equivalents rose to HK$74,950,000, up from HK$50,720,000, indicating improved liquidity[55] - Net cash used in operating activities for the six months ended June 30, 2019, was HK$14,808,000, an improvement from HK$29,662,000 in the same period of 2018[71] - The net cash generated from investing activities was HK$29,616,000 for the six months ended June 30, 2019, compared to a net cash outflow of HK$206,050,000 in the same period of 2018[71] - Cash and cash equivalents at the end of the period on June 30, 2019, were HK$74,950,000, a significant increase from HK$28,610,000 at the end of June 30, 2018[74] - The company had a net cash inflow from the disposal of a subsidiary amounting to HK$30,251,000 during the reporting period[71] Expenses and Costs - Administrative expenses decreased to HK$36,806,000 from HK$43,253,000, reflecting cost control measures[18] - Finance costs for the period were recorded at HK$2,654, which is consistent with the previous reporting period[149] Segment Information - The travel business segment includes sales of air tickets and provision of travel-related services, while the property investment segment generates rental income from leasing office premises in Hong Kong[142] - The company has presented two reportable segments: travel business and property investment business[142] - Revenue from external customers for the travel segment was HK$650,260, an increase from HK$475,026 in the same period last year, representing a growth of 36.8%[149] - The property investment segment reported a profit of HK$24,735, compared to HK$18,452 in the previous year, indicating a year-over-year increase of 34.9%[149] Accounting Policies and Standards - The condensed consolidated financial statements for the six months ended June 30, 2019, have been prepared in accordance with the applicable disclosure requirements and Hong Kong Accounting Standards[79] - The Group has applied new and revised Hong Kong Financial Reporting Standards (HKFRSs) for the first time, effective from January 1, 2019, with no material impact on the interim financial statements[81] - The application of HKFRS 16 "Leases" has resulted in changes to accounting policies, specifically regarding the definition and assessment of leases[84] - The financial reporting standards applied do not indicate any significant changes in accounting policies, except for those related to HKFRS 16[84] - The Group's financial performance and position are subject to the application of these new standards, which may affect future reporting periods[81] Lease Accounting - The Group applies the short-term lease recognition exemption for retail shop leases with a term of 12 months or less from the initial application date of HKFRS 16[88] - Right-of-use assets are measured at cost, less accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities[89] - Lease liabilities are recognized at the present value of unpaid lease payments at the commencement date of the lease[94] - The cost of right-of-use assets includes initial measurement of lease liability, any lease payments made before the commencement date, and initial direct costs incurred by the Group[91] - Right-of-use assets are depreciated from the commencement date to the end of their useful life, or on a straight-line basis over the shorter of their estimated useful life and lease term[92] - The Group recognizes right-of-use assets in property, plant, and equipment on the condensed consolidated statement of financial position[94] - The Group uses the incremental borrowing rate at the lease commencement date if the implicit interest rate in the lease is not readily determinable[94] - The Group applies the recognition exemption for leases of low-value assets, recognizing lease payments as an expense on a straight-line basis over the lease term[88] - The Group estimates costs to be incurred in dismantling and removing underlying assets and restoring the site as part of the right-of-use asset cost[91] - The Group's lease liabilities are adjusted by interest accretion and lease payments after the commencement date[102] - The Group remeasures lease liabilities whenever the lease term changes or there is a change in the assessment of exercise of a purchase option[102] Other Revenue - The gain on the disposal of a subsidiary amounted to HK$8,036,000, contributing positively to other revenue[166] - Total other revenue and gain for the period was HK$9,537,000, significantly up from HK$415,000 in the previous year[166] - Management fee income was reported at HK$357,000, with no prior year comparison provided[166] - Interest income on bank deposits decreased to HK$49,000 from HK$90,000, reflecting a decline of 45.6%[166] - Total interest income on financial assets not at fair value through profit or loss was HK$49,000, down from HK$90,000, a decrease of 45.6%[166]