Financial Performance - For the six months ended January 31, 2023, the company reported a loss of HKD 77.4 million compared to a profit of HKD 5.4 million in the same period of 2022[1]. - Operating profit decreased to HKD 46.7 million from HKD 81.9 million year-on-year[1]. - The share of losses from joint ventures was HKD 30.7 million, down from a profit of HKD 87.3 million in the previous year[1]. - The company reported a revenue of HKD 2,467,443,000 for the six months ended January 31, 2023, a decrease of 9.3% compared to HKD 2,719,500,000 for the same period last year[23]. - Gross profit for the same period was HKD 918,256,000, down from HKD 967,059,000, reflecting a decline of 5.0%[23]. - The operating loss increased significantly to HKD 883,290,000 from HKD 118,992,000, indicating a substantial deterioration in operational performance[23]. - The net loss attributable to the company's owners was HKD 1,360,823,000, compared to HKD 479,936,000 in the previous year, representing an increase of 184.5%[23]. - Basic and diluted loss per share was HKD 1.397, compared to HKD 0.548 for the same period last year[23]. - The company reported a total loss before tax of HKD 1,475,670,000, compared to HKD 514,378,000 in the previous year[23]. - The company reported a significant decrease in total comprehensive income, with a loss of HKD 1,525,869,000 compared to a loss of HKD 643,361,000 in 2022[30]. Assets and Liabilities - As of January 31, 2023, the company held cash and bank balances of approximately HKD 5,617.2 million, with unutilized financing of HKD 3,416.4 million[3]. - The company's total bank loans amounted to HKD 21,746.1 million, with a capital-to-debt ratio of approximately 64%[4]. - Total liabilities decreased from HKD 12,498,726,000 as of July 31, 2022, to HKD 10,520,964,000 as of January 31, 2023, representing a reduction of approximately 15.9%[43]. - The company's bank loans increased significantly from HKD 1,525,333,000 to HKD 5,658,623,000, marking an increase of 271.5%[43]. - The net value of current assets was HKD 8,144,468,000, slightly down from HKD 8,262,131,000 in the previous year[43]. - The company's equity attributable to owners increased from HKD 32,794,297,000 to HKD 32,183,381,000, a decrease of approximately 1.9%[43]. Revenue Streams - Property development and sales revenue was HKD 615,404,000, down 29.3% from HKD 874,091,000 in the previous year[30]. - Hotel business revenue increased to HKD 422,948,000 from HKD 335,993,000, representing a growth of 25.8%[30]. - Media and entertainment revenue rose to HKD 178,037,000, up 19.5% from HKD 148,877,000 in 2022[30]. - The company’s restaurant and dining product sales reached HKD 263,127,000, an increase from HKD 223,940,000 in 2022[30]. - The cinema operations generated revenue of HKD 100,133,000, up from HKD 115,130,000 in the previous year[30]. Market Conditions and Future Outlook - The retail leasing market has shown signs of recovery since early 2023, benefiting from the resurgence of tourism, although rental prices are still under pressure due to economic instability and rising interest rates[61]. - The group anticipates that the leasing market will continue to face challenges, with expected increases in vacancy rates and suppressed rental prices in the short term[61]. - The Hong Kong residential property market shows resilience with strong demand, and two projects, Bal Residence and Tai Keng Ling, are expected to add approximately 71,800 sq ft and 42,200 sq ft to the group's development portfolio upon completion in the first half of 2024[62]. - The group maintains a cautious and flexible approach to seize new development opportunities amid economic uncertainties, with China's GDP growth target set at around 5% for 2023[65]. - The group anticipates Hong Kong's GDP growth to be between 3.5% and 5.5% for 2023, following a contraction of 3.5% in 2022[89]. Shareholder and Investment Activities - The group completed a rights issue in January 2023, issuing 484,442,943 shares at a subscription price of HKD 1.64 per share, raising approximately HKD 776,600,000[57]. - The privatization plan for Media Asia Group was approved, with 264,022,268 new shares issued and cash consideration of approximately HKD 194.3 million paid to shareholders[73]. - The company completed a rights issue in January 2023, raising approximately HKD 776.6 million, which has been fully utilized to repay outstanding bank loans[102]. Operational Efficiency - The company employed around 4,200 employees as of January 31, 2023, maintaining competitive salary levels and performance-based promotions[12]. - The management actively engages in investor relations, conducting virtual meetings and presentations to communicate financial performance and business strategies[14]. - The group maintains strict control over its accounts receivable, with a focus on reducing credit risk through credit management policies[55]. Foreign Exchange and Interest Rates - Approximately 83% of the company's loans are floating rate, while 16% are fixed rate[4]. - The group recorded a net foreign exchange loss of HKD 50,473,000 for the six months ended January 31, 2023, compared to a gain of HKD 53,378,000 in the same period of 2022[52]. - Interest expenses on bank loans rose significantly to HKD 476,753,000, an increase of 85.0% from HKD 257,614,000[80].

Financial Performance - For the fiscal year ending July 31, 2022, the group recorded revenue of HKD 5,093,700,000, a decrease from HKD 5,986,800,000 in the previous year, primarily due to reduced property sales[14]. - Gross profit for the same period was HKD 1,544,000,000, compared to HKD 1,318,000,000 in the previous year, indicating an increase in gross profit margin[14]. - Total revenue for the year ended July 31, 2022, was HKD 5,093.7 million, a decrease of 14.9% compared to HKD 5,986.8 million in 2021[16]. - The company reported a net loss attributable to shareholders of approximately HKD 1,966.9 million for the year, a slight improvement from HKD 2,088.1 million in 2021[16]. - The loss per share narrowed to HKD 2.133 from HKD 3.034 in the previous year[16]. - The company reported a revenue of HKD 5,093.7 million for the year ending July 31, 2022, a decrease of 14.9% from HKD 5,986.8 million in the previous year[56]. - Gross profit increased to HKD 1,544.0 million, resulting in a gross margin of 30%, up from 22% in the previous year[56]. - The net debt-to-equity ratio rose to 62% as of July 31, 2022, compared to 47% a year earlier[56]. - The company recorded an operating loss of HKD 1,144.3 million, with an operating loss margin of -22%[56]. - Adjusted net loss attributable to shareholders was HKD 1,671.7 million, compared to HKD 947.3 million in the previous year[56]. Property Development and Investment - The company is involved in property management and development projects, with 100% ownership in several key properties, including the Ocean One in Hong Kong[9]. - Future outlook includes continued focus on property investment and expansion in the hospitality sector, aiming to leverage existing assets for growth[12]. - The group successfully acquired three residential projects during the fiscal year, including a building in Ho Man Tin with a total construction area of approximately 46,100 square feet, providing about 79 residential units[28]. - The group plans to develop a high-quality luxury residential project on a site in Kowloon Tong with a maximum permitted construction area of approximately 71,600 square feet, offering around 46 medium to large units[28]. - Construction for the Bal Residence and Yuen Long projects is on schedule, expected to complete in Q4 2023 and Q1 2024, respectively, adding approximately 71,800 square feet and 42,200 square feet to the group's development portfolio[29]. - The group remains optimistic about the long-term prospects of the Hong Kong residential property market, driven by strong demand and limited supply[28]. - The group is actively seeking suitable land acquisition opportunities to replenish its development land reserves[28]. - The company has a total of 1,685.5 million in overall revenue from various projects, indicating a strong performance in the property development sector[127]. Rental Income and Leasing - The rental income performance of the leasing portfolio, approximately 4,500,000 square feet, remained stable for the year ending July 31, 2022[35]. - The group's rental income for the fiscal year was HKD 1,241.6 million, a decrease of 3.6% from HKD 1,287.3 million in the previous year[70]. - Rental income from Hong Kong, London, and mainland China was HKD 465.3 million, HKD 84.7 million, and HKD 691.6 million respectively[70]. - The total rental income for the Group for the year ended July 31, 2022, was HKD 465.3 million, a decrease from HKD 527.1 million in 2021, representing a decline of 11.7%[79]. - The Group's rental income from commercial properties in Cheung Sha Wan Plaza for the year ended July 31, 2022, was HKD 120.9 million, down from HKD 149.8 million in 2021, a decrease of 19.3%[79]. - The Group's rental income from office spaces in Cheung Sha Wan Plaza for the year ended July 31, 2022, was HKD 125.3 million, down from HKD 136.2 million in 2021, a decrease of 8.5%[79]. - The rental income from the joint venture with China Construction Bank for the year ended July 31, 2022, was approximately HKD 239.4 million, down from HKD 264.5 million in 2021, representing a decrease of 9.8%[77]. - The rental income from the joint venture with Imperial Group for the year ended July 31, 2022, was approximately HKD 79.4 million, an increase from HKD 56.0 million in 2021, representing an increase of 41.1%[77]. Market Outlook and Challenges - The global economic outlook has worsened, with rising recession risks due to high inflation and increased borrowing costs[22]. - The rental market is under pressure, with expectations of rising vacancy rates and suppressed rental prices due to economic uncertainties[25]. - The company anticipates continued challenges in the retail sector, with consumer sentiment likely to be affected by the economic outlook and interest rate hikes[25]. - The company plans to continue a prudent and flexible approach to expand land reserves and manage financial conditions[52]. - The company is closely monitoring the market situation in mainland China, where the Guangzhou May Flower Cinema ceased operations in October 2022 due to economic uncertainties[43]. Cinema and Entertainment Operations - The cinema operations segment saw a significant increase in revenue, rising by 81.6% to HKD 385.0 million[16]. - The cinema operations in Hong Kong are gradually recovering post-COVID-19, with a maximum capacity of 85% allowed since May 19, 2022[41]. - The company remains cautiously optimistic about long-term entertainment demand despite challenges in the business environment[41]. - The new MCL Cinemas Plus+ Hollywood Cinema opened in July 2022, with another cinema expected to start operations in Q2 2023 and a third in Q3 2023[43]. - Upcoming events include concerts featuring popular artists, which are expected to boost revenue in the coming months[47]. Corporate Governance and Compliance - The company has a strong governance structure with independent directors and a dedicated audit committee to ensure compliance and transparency[7]. - The company's public float remains below 25% of its total issued shares, and it is considering measures to restore compliance with the Hong Kong Stock Exchange listing rules[51].

Financial Performance - Revenue for the six months ended January 31, 2022, was HKD 2,719,500, a decrease of 0.9% from HKD 2,745,371 in the same period last year[4]. - Gross profit increased to HKD 967,059, compared to HKD 618,140 in the previous year, reflecting a significant improvement[4]. - The operating loss for the period was HKD 118,992, a substantial reduction from the loss of HKD 628,521 in the prior year[4]. - The net loss for the period was HKD 643,361, down from HKD 1,532,368 in the same period last year, indicating improved financial performance[6]. - Other comprehensive income for the period was HKD 296,762, compared to HKD 1,988,406 in the previous year, showing a decrease[6]. - The company reported a fair value gain of HKD 82,843 from investment properties, a recovery from a loss of HKD 363,382 in the previous year[4]. - Financing costs increased to HKD 482,392 from HKD 369,546, reflecting higher borrowing costs[4]. - The company’s basic and diluted loss per share improved to HKD 0.548 from HKD 1.784 in the previous year[4]. - The total comprehensive loss for the period was HKD 346,599, compared to a gain of HKD 456,038 in the same period last year[6]. Assets and Liabilities - Non-current assets totalled HKD 61,632,862 thousand as of January 31, 2022, compared to HKD 61,235,515 thousand as of July 31, 2021, reflecting a slight increase of 0.65%[8]. - Current assets increased to HKD 22,258,417 thousand from HKD 21,802,583 thousand, representing a growth of 2.09%[10]. - Current liabilities rose significantly to HKD 12,805,252 thousand, up from HKD 8,851,869 thousand, indicating an increase of 44.4%[10]. - The net current asset value decreased to HKD 9,453,165 thousand from HKD 12,950,714 thousand, a decline of 26.3%[10]. - Total liabilities increased to HKD 43,980,468 thousand from HKD 42,984,703 thousand, showing a rise of 2.32%[10]. - The company's goodwill decreased to HKD 260,849 thousand from HKD 274,423 thousand, a reduction of 4.9%[8]. - Cash and cash equivalents decreased to HKD 6,178,117 thousand from HKD 8,284,797 thousand, a decline of 25.4%[10]. - The investment in joint ventures was HKD 7,047,743 thousand, slightly down from HKD 7,124,459 thousand, a decrease of 1.08%[8]. - The total equity attributable to owners of the company increased to HKD 35,130,229 thousand from HKD 34,149,314 thousand, an increase of 2.87%[10]. Revenue Breakdown - The total revenue for the company was HKD 42,984,703, with a loss of HKD 643,361 reported[12]. - Revenue from property development and sales for the six months ended January 31, 2022, was HKD 858,861,000, down from HKD 1,219,993,000 in the previous year, reflecting a decrease of approximately 29.6%[26]. - The hotel business reported revenue of HKD 335,552,000 for the current period, compared to HKD 289,317,000 in the previous year, marking an increase of about 16.0%[26]. - The media and entertainment segment generated revenue of HKD 147,244,000, a decrease from HKD 163,534,000 in the previous year, representing a decline of approximately 9.9%[26]. - The restaurant and food product sales business saw an increase in revenue to HKD 248,945,000 from HKD 172,069,000, reflecting a growth of about 44.5%[26]. Future Plans and Strategies - The company plans to focus on market expansion and new product development to drive future growth[4]. - Future guidance indicates a focus on improving operational efficiency and exploring potential acquisitions[13]. - The company aims to enhance user data analytics capabilities to drive growth[13]. - New technology initiatives are being prioritized to stay competitive in the market[13]. - The company plans to expand its market presence and invest in new product development[13]. Market Conditions and Economic Outlook - The economic outlook remains uncertain due to factors such as the ongoing COVID-19 pandemic and geopolitical tensions, particularly between Russia and Ukraine[82]. - The Hong Kong economy showed a strong growth of 6.4% after a contraction of 6.5% in 2020, driven by global demand recovery and effective pandemic control[83]. - The luxury residential market in Hong Kong continues to attract wealthy buyers and investors, reflecting confidence in the market's future[84]. - The management remains cautiously optimistic about the future prospects of the Greater Bay Area in southern China[82]. Property Development and Projects - The group successfully acquired three residential projects to replenish its development land reserves, including a site in Ho Man Tin with a total construction area of approximately 46,100 sq ft[87]. - The construction of the Heng On Street and Tai Keng Leng projects is on schedule, expected to complete in Q4 2023 and Q1 2024, adding a total construction area of approximately 106,200 sq ft to the group's portfolio[88]. - The average selling price of residential units at Blue Tongue Hill is approximately HKD 18,000 per sq ft, with 604 units sold[88]. - The group maintains a cautious and flexible approach to seize development opportunities as the economy recovers[91]. Rental Income and Property Management - The group's rental income for the review period was HKD 644.2 million, a decrease of 2.5% compared to HKD 660.9 million in the previous year[122]. - Rental income from Hong Kong properties was HKD 241.6 million, down 9.0% from HKD 265.6 million the previous year, with a notable decline in occupancy rates[124]. - In London, rental income decreased by 23.3% to HKD 42.9 million from HKD 55.9 million, with significant drops in occupancy rates for key properties[124]. - Rental income from mainland China increased by 6.0% to HKD 359.7 million, up from HKD 339.4 million, driven by strong performance in Shanghai[124]. - The overall performance indicates a strategic focus on enhancing property management and optimizing rental income across various segments[136].

Financial Performance - For the fiscal year ending July 31, 2021, the company reported a revenue of HKD 5,986,800,000, an increase from HKD 5,213,500,000 in 2020, representing a growth of approximately 14.8%[13] - The gross profit for the same period was HKD 1,318,000,000, down from HKD 1,628,600,000 in 2020, indicating a decline of about 19.0%[13] - Total revenue for the year ended July 31, 2021, was HKD 5,986.8 million, an increase of HKD 773.3 million or 14.8% compared to HKD 5,213.5 million in 2020[16] - The company reported a net loss attributable to shareholders of approximately HKD 2,088.1 million, narrowing from HKD 2,934.8 million in 2020[19] - The loss per share decreased to HKD 3.034 from HKD 4.292 in the previous year[16] - The company's attributable equity as of July 31, 2021, was HKD 34,149.3 million, down from HKD 34,970.2 million a year earlier[19] - The net asset value per share decreased slightly to HKD 55.791 from HKD 57.218 in the previous year[19] - The company does not recommend the payment of a final dividend for the year ended July 31, 2021, compared to no dividend in 2020[20] - The company's market capitalization as of July 31, 2021, was HKD 3,250.2 million, down from HKD 5,060.5 million in the previous year[55] - The debt-to-equity ratio increased to 47% from 46% year-over-year[55] - The current ratio improved to 2.5 from 1.3 in the previous year, indicating better short-term liquidity[55] - The company reported no dividends for the year, maintaining a dividend yield of 0%[55] Revenue Sources - The increase in revenue was primarily driven by property sales in mainland China, although hotel operations and media and entertainment revenues were negatively impacted by the ongoing COVID-19 pandemic[13] - Property development and sales revenue increased by HKD 813.1 million or 48.1%, reaching HKD 2,503.3 million compared to HKD 1,690.2 million in the previous year[16] - The rental income from the leasing portfolio of approximately 4,500,000 square feet in first-tier cities and the Greater Bay Area remained stable during the review period[32] - The group's rental income for the fiscal year was HKD 1,287,300,000, a slight decrease of 0.9% compared to HKD 1,299,400,000 in the previous year[70] - The total rental income for the year ending July 31, 2021, was HKD 1,287.3 million, slightly down from HKD 1,299.4 million in the previous year, reflecting a decrease of 0.9%[80] Property Development and Sales - The group successfully acquired the Wong Chuk Hang Station Phase 5 property development project, covering approximately 95,600 square feet of land and an estimated 636,200 square feet of construction area, expected to provide around 1,050 residential units[27] - As of October 17, 2021, all 605 units of the Blue Tongue project have been sold at an average price of approximately HKD 18,000 per square foot, with total sales proceeds from parking spaces amounting to approximately HKD 206.9 million[28] - The group has sold and delivered all 209 residential units and 7 commercial units of the Happy Build project, with total sales proceeds from parking spaces reaching approximately HKD 10.2 million[29] - The group anticipates that the residential units at the Heng On Street project will begin pre-sales in the first half of 2022, adding approximately 106,200 square feet to its development portfolio[28] - The confirmed sales revenue for the year ending July 31, 2021, was HKD 2,503,300,000, representing a 48.3% increase from HKD 1,690,200,000 in 2020[116] - The total sales revenue from projects in Mainland China amounted to HKD 2,275,500,000, contributing significantly to the overall sales[116] Market Outlook and Strategy - The outlook for the company's business remains cautiously optimistic, particularly in the Greater Bay Area of Southern China[22] - The group remains optimistic about the long-term prospects of the Chinese business environment, supported by stable economic growth and government policies[31] - The group plans to continue its cautious and flexible approach to seize development opportunities as the economy recovers[29] - The company plans to continue expanding its market presence in both Hong Kong and Mainland China, focusing on new developments and joint ventures[124] - The group is actively pursuing new strategies for market expansion and product development to enhance its competitive position[124] Financial Management - The group has secured a five-year secured term loan and revolving credit facility with 19 top banks, amounting to HKD 7,440,000,000, which is approximately 207% of the total financing amount of HKD 3,600,000,000[48] - The company issued USD 250,000,000 of secured notes in July 2021 and an additional USD 250,000,000 in September 2021 to enhance financial liquidity[48] - The group completed a subscription of 33,834,900 new shares in August 2021, raising approximately HKD 235,200,000, which has been used to repay certain bank loans[49] - The company announced a rights issue at a subscription price of HKD 3.43 per share, raising a net amount of approximately HKD 1,093,800,000, with HKD 600,000,000 allocated for loan repayment[49] - As of July 31, 2021, the group's consolidated cash and bank deposits amounted to HKD 10,610,400,000, with a net debt ratio of approximately 47%[51] - The capital debt ratio, excluding certain groups, is approximately 32%, indicating a stable financial position[51] Cinema and Entertainment Operations - The cinema operations of the group were significantly impacted by COVID-19, with theaters in Hong Kong required to suspend operations for a total of 105 days during the fiscal year[40] - The group has opened three new cinema locations, including K11 Art House, which features 12 screens and a total of 1,708 seats, marking Hong Kong's first IMAX laser projection cinema[41] - The cinema operations recorded a revenue of HKD 212 million for the year ended July 31, 2021, down from HKD 229.3 million in 2020, with a loss of HKD 151.7 million compared to a loss of HKD 515.2 million in the previous year, indicating a significant reduction in losses[177] - The group remains cautiously optimistic about long-term entertainment demand and will continue to evaluate business opportunities to maintain its market position as a leading multi-screen cinema operator in Hong Kong[40] Hospitality and Restaurant Business - The hotel and serviced apartment business generated revenue of HKD 621.2 million for the year ending July 31, 2021, a decrease from HKD 673.3 million in 2020[164] - The restaurant business generated revenue of HKD 443.1 million for the year ending July 31, 2021, compared to HKD 421.8 million in the previous year[161] - The group currently operates 22 restaurants in Hong Kong and mainland China, with various Michelin-starred establishments[161] - The Ocean Park Marriott Hotel in Hong Kong achieved an occupancy rate of 82.4% with a revenue contribution of HKD 230.5 million from 471 rooms[170] - The Shanghai Ascott Huaihai Road serviced apartments had an occupancy rate of 90.2% and generated HKD 104.5 million in revenue from 310 units[170] Employee and Operational Management - The company employs around 4,400 full-time employees, maintaining competitive salary levels and performance-based promotions[197] - The company offers various employee benefits, including stock option plans and medical insurance[197] - The company has a strong focus on maintaining a stable employee team as a key to its ongoing success[197]

Financial Performance - For the six months ended January 31, 2021, the company reported a revenue of HKD 2,745,371,000, a slight decrease of 0.2% compared to HKD 2,751,592,000 in the same period last year[4]. - The gross profit for the same period was HKD 618,140,000, down from HKD 1,133,914,000, indicating a significant decline in profitability[4]. - The company incurred a net loss of HKD 1,532,368,000, compared to a loss of HKD 1,623,433,000 in the previous year, showing a slight improvement in loss[4]. - Other income and gains increased to HKD 429,936,000 from HKD 192,614,000, reflecting a substantial growth of 123%[4]. - The company reported a fair value loss on investment properties of HKD 363,382,000, significantly lower than the loss of HKD 870,968,000 in the previous year[4]. - The basic and diluted loss per share for the period was HKD 2.005, compared to HKD 1.829 in the same period last year[4]. - Total comprehensive income for the period was HKD 456,038,000, a recovery from a comprehensive loss of HKD 1,924,910,000 in the previous year[6]. - The company’s operating loss improved to HKD 628,521,000 from HKD 1,118,655,000, indicating better operational efficiency[4]. Assets and Liabilities - The company’s total liabilities increased, reflecting ongoing investments and operational costs[4]. - Non-current assets increased to HKD 60,731,539 thousand as of January 31, 2021, up from HKD 59,486,111 thousand as of July 31, 2020, representing a growth of 2.09%[8]. - Current assets totaled HKD 19,646,727 thousand as of January 31, 2021, compared to HKD 17,631,525 thousand as of July 31, 2020, reflecting an increase of 11.45%[10]. - Total liabilities decreased to HKD 36,343,285 thousand as of January 31, 2021, down from HKD 33,666,706 thousand as of July 31, 2020, indicating a reduction of 7.94%[10]. - Cash and cash equivalents rose to HKD 4,876,832 thousand as of January 31, 2021, compared to HKD 4,164,558 thousand as of July 31, 2020, marking an increase of 17.06%[10]. - The company's total equity stood at HKD 44,035,981 thousand as of January 31, 2021, up from HKD 43,450,930 thousand as of July 31, 2020, showing a growth of 1.34%[10]. - The current liabilities decreased to HKD 10,304,059 thousand as of January 31, 2021, from HKD 13,285,021 thousand as of July 31, 2020, a decline of 22.49%[10]. - The company's total liabilities as of January 31, 2021, were HKD 48,354,090,000, reflecting a significant financial position[16]. Cash Flow - The company reported a net cash flow from operating activities of HKD 445,127,000 for the six months ended January 31, 2021, compared to a net cash outflow of HKD 507,968,000 in the same period of 2020[19]. - The total cash and cash equivalents at the end of the reporting period increased to HKD 4,876,832,000, up from HKD 2,839,864,000 a year earlier[21]. - The company incurred a net cash outflow from investing activities of HKD 1,122,429,000 for the six months ended January 31, 2021, compared to HKD 1,328,205,000 in the previous year[19]. - The company’s cash flow from financing activities was HKD 1,270,730,000 for the six months ended January 31, 2021, compared to HKD 1,081,551,000 in the previous year[21]. Revenue Segments - The revenue from the theme park operations for the six months ended January 31, 2021, was HKD 16,474,000, down from HKD 14,197,000 in the previous year, reflecting a decrease of approximately 15.9%[27]. - The cinema operations generated revenue of HKD 118,782,000 for the six months ended January 31, 2021, compared to HKD 61,074,000 in the same period of 2020, showing an increase of about 94.5%[27]. - The hotel business reported revenue of HKD 306,839,000 for the six months ended January 31, 2021, down from HKD 289,317,000 in the previous year, indicating a decrease of approximately 6.0%[27]. - The property investment segment generated revenue of HKD 691,380,000 for the six months ended January 31, 2021, compared to HKD 660,862,000 in the same period of 2020, reflecting an increase of about 4.6%[27]. - Property sales revenue increased to HKD 940,761,000 for the six months ending January 31, 2021, compared to HKD 744,841,000 in 2020, representing a growth of approximately 26.3%[35]. Strategic Initiatives - The company plans to focus on market expansion and new product development to enhance future performance[4]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[1]. - The group has established a joint venture with Tianxia Group to expand its artist management business, indicating a strategic move to enhance its entertainment offerings[102]. - The company plans to continue exploring strategic alliances and investment opportunities to diversify its revenue sources and enrich its business portfolio[102]. Market Conditions and Future Outlook - The group is optimistic about the long-term prospects of the business environment in China, particularly with the government's dual circulation development model[90]. - The group has maintained a cautious and flexible approach, aiming to seize development opportunities as the economy recovers[89]. - The group remains cautiously optimistic about long-term entertainment demand and will continue to assess opportunities to maintain its market position as a leading cinema operator in Hong Kong[98]. Operational Challenges - The cinema operations of the group were significantly impacted by COVID-19, with theaters in Hong Kong closed for over 160 days, affecting box office performance[98]. - The media and entertainment sector is focusing on producing high-quality projects with proven commercial viability while tightening cost control measures due to the pandemic's impact[99]. - Restaurant business revenue decreased to HKD 172.1 million for the six months ended January 31, 2021, down from HKD 233.4 million in 2020, reflecting the impact of social distancing and dining restrictions[191]. - Hotel and serviced apartment operations generated revenue of HKD 289.3 million for the six months ended January 31, 2021, a significant decline from HKD 478.5 million in 2020[194].

Financial Performance - For the fiscal year ending July 31, 2020, the company reported revenue of HKD 5,213.5 million, a decrease of 19.7% from HKD 6,493.9 million in 2019[13]. - The gross profit for the same period was HKD 1,628.6 million, down from HKD 2,305.4 million in 2019[13]. - The company reported a net loss attributable to shareholders of approximately HKD 2,934.8 million for the year ended July 31, 2020, a significant decline from a net profit of HKD 4,842.9 million in 2019[15]. - Excluding the impact of property revaluation and non-recurring transactions, the adjusted net loss attributable to shareholders was approximately HKD 1,012.0 million, compared to a net profit of HKD 452.7 million in 2019[16]. - The company's net asset value per share decreased from HKD 59.076 as of July 31, 2019, to HKD 57.218 as of July 31, 2020[16]. - The company reported an operating loss of HKD 2,963.7 million, with an operating margin of -57%, a significant decline from a profit margin of 72% in the previous year[48]. - Net loss attributable to shareholders was HKD 2,934.8 million, with a reported net margin of -56%, compared to a net margin of 75% in the prior year[48]. - The company's net debt ratio increased to 46% from 39% in the previous year, indicating a rise in leverage[44]. - The group's operating profit for the year ended July 31, 2020, was HKD 147 million, a significant decrease from HKD 519.8 million in 2019[156]. Revenue Breakdown - Revenue from property development and sales decreased by 25.9%, from HKD 2,279.8 million in 2019 to HKD 1,690.2 million in 2020[13]. - The media and entertainment segment saw a significant revenue drop of 44.8%, from HKD 591.8 million to HKD 326.6 million[13]. - The cinema operations revenue decreased by 56.0%, from HKD 521.1 million to HKD 229.3 million[13]. - The restaurant business revenue declined by 18.1%, from HKD 514.8 million to HKD 421.8 million[13]. - The theme park operations revenue increased dramatically by 6,300.0%, from HKD 0.3 million to HKD 19.2 million[13]. - The media and entertainment segment reported revenue of HKD 4,005.5 million, with significant contributions from film and television programs[1]. - The restaurant business generated revenue of HKD 421,800,000 for the year ending July 31, 2020, a decrease from HKD 514,800,000 in 2019[135]. Strategic Initiatives - The company plans to focus on diversifying its business portfolio, including property investment, hotel operations, and media entertainment[8]. - Future outlook includes potential market expansion and new product development in the hospitality and entertainment sectors[8]. - The company is exploring strategic acquisitions to enhance its market position and operational capabilities[8]. - The company is focusing on producing high-quality projects with proven track records and commercial viability, while tightening cost control measures[40]. - The company plans to continue investing in original quality film productions with Chinese themes, including upcoming projects like "Modern Dynasty" and "The Story of Aso"[40]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service offerings[1]. Property Development and Sales - The average selling price for the 599 units sold at Blue Tongue was approximately HKD 17,900 per square foot, with most units delivered[25]. - The company has sold and delivered all 209 residential units and 7 commercial units at the Xi Zhu project, with parking spaces generating total sales proceeds of approximately HKD 10.2 million[25]. - The total revenue from property sales for the year ended July 31, 2020, was HKD 1,690,200,000, a decrease from HKD 2,279,800,000 in 2019[99]. - In Hong Kong, the company sold 97 residential units at an average price of HKD 20,784 per square foot, generating revenue of HKD 630 million[99]. - The total signed sales amount from the Shanghai Wuliqiao project reached approximately RMB 756,200,000, with ongoing developments in Zhongshan Palm Rainbow Garden expected to complete in Q4 2020 and Q3 2021[34]. Rental Income and Property Management - The group's rental income for the fiscal year was HKD 1,299,400,000, a decrease of 4.2% from HKD 1,356,800,000 in the previous year[58]. - Rental income from properties in Hong Kong, London, and mainland China was HKD 557,900,000, HKD 108,000,000, and HKD 633,500,000 respectively[58]. - The total signed sales amount from the Shanghai Wuliqiao project reached approximately RMB 756,200,000, with ongoing developments in Zhongshan Palm Rainbow Garden expected to complete in Q4 2020 and Q3 2021[34]. - The total rental income from the joint venture projects was approximately HKD 274.3 million, compared to HKD 279.0 million in the previous year, showing a decrease of about 1.3%[67]. - The total rental income from the parking segment was HKD 5.5 million, down from HKD 6.1 million, indicating a decline of about 9.8%[67]. Market Conditions and Future Outlook - The cinema operations faced significant disruptions due to COVID-19, with theaters in Hong Kong closed from March 28 to May 8 and again from July 15 to August 27, 2020[38]. - The company is closely monitoring market conditions in Hong Kong and mainland China to assess opportunities for further business expansion[38]. - The company maintains a cautiously optimistic outlook on the long-term prospects of its business in the Greater Bay Area despite economic uncertainties[29]. - The company is actively pursuing new developments and expansions, as evidenced by its ongoing projects across multiple cities in China and Hong Kong[183]. Environmental and Social Governance - The company has committed to maintaining compliance with all environmental laws and regulations, with no violations reported during the reporting year[197]. - The company emphasizes waste management principles of reduction, reuse, sorting, and recycling, with efforts to manage electronic waste and hazardous waste responsibly[199]. - The company engages stakeholders through regular communication channels to gather feedback on environmental, social, and governance issues[193]. - The company has established a framework for prioritizing environmental, social, and governance issues based on stakeholder feedback and business relevance[195]. - The company is committed to balancing business development with environmental impact management, aiming to minimize potential negative effects[197].

Financial Performance - The company reported a revenue of HKD 2,751,592, a decrease of 26.7% compared to HKD 3,760,743 in the same period last year[4]. - Gross profit for the period was HKD 1,133,914, down from HKD 1,384,768, reflecting a gross margin decline[4]. - The company incurred a loss from operations of HKD 1,118,655, compared to a profit of HKD 4,397,035 in the previous year[4]. - The net loss attributable to shareholders was HKD 1,109,167, compared to a profit of HKD 5,076,304 in the same period last year[4]. - Basic loss per share was HKD 1.829, a significant decline from earnings of HKD 8.376 per share in the prior year[4]. - Total comprehensive loss for the period amounted to HKD 1,924,910, compared to a comprehensive income of HKD 5,383,161 in the previous year[6]. - The company reported a net loss of HKD 1,924,910,000, with a significant drop in user engagement metrics[13]. - The company reported a significant increase in other payables, with amounts due for dividends at 2,537,319 thousand HKD as of January 31, 2020, compared to 1,975,368 thousand HKD the previous year[79]. Revenue Breakdown - Total revenue for the period reached HKD 48,354,090,000, a decrease of 1,623,433,000 compared to the previous period[13]. - Revenue from customer contracts amounted to HKD 1,856,933, down from HKD 2,952,194, representing a decline of 37%[61]. - The restaurant business reported a revenue of HKD 692,683 thousand in 2020, down from HKD 9,394,633 thousand in 2019[56]. - The hotel business revenue increased to HKD 9,760,861 thousand in 2020 from HKD 9,394,633 thousand in 2019[56]. - The property development and sales segment saw a significant decline in revenue, dropping 57.5% to HKD 744.8 million from HKD 1,751.3 million[135]. Asset and Liability Management - Non-current assets totalled HKD 66,366,735 thousand as of January 31, 2020, compared to HKD 65,105,100 thousand as of July 31, 2019, reflecting an increase of 1.93%[8]. - Current assets decreased to HKD 12,225,025 thousand from HKD 13,520,882 thousand, a decline of 9.59%[10]. - Total liabilities decreased from HKD 48,354,090 thousand to HKD 46,286,676 thousand, a reduction of 4.29%[10]. - The company's cash and cash equivalents decreased to HKD 2,839,864 thousand from HKD 3,722,107 thousand, a decline of 23.73%[10]. - The total value of non-current liabilities increased to HKD 24,880,185 thousand from HKD 20,786,966 thousand, an increase of 19.00%[10]. - The company's equity attributable to owners remained stable at HKD 34,687,074 thousand compared to HKD 35,827,701 thousand, a decrease of 3.19%[10]. Strategic Initiatives - The company plans to focus on strategic acquisitions and market expansion to improve future performance[4]. - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with a projected revenue growth of 10% for the next fiscal year[13]. - The company plans to invest HKD 557,250,000 in acquiring a 20% stake in a subsidiary, enhancing its strategic positioning in the market[15]. - The company is exploring potential mergers and acquisitions to further strengthen its market share and diversify its portfolio[13]. - The company has set a target to reduce operational costs by 15% over the next year to improve profitability[13]. Financial Reporting Standards - The group adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 9 and HKFRS 16, which took effect from August 1, 2019, with no significant impact on financial performance or position[26][28]. - The group confirmed the cumulative impact of adopting HKFRS 16 as an adjustment to the opening retained earnings balance as of August 1, 2019, without restating prior period comparative information[29]. - The group has various lease agreements for properties such as theaters, offices, and warehouses, and will recognize right-of-use assets and lease liabilities for all leases, excluding low-value and short-term leases[31]. Market and User Engagement - User data indicates a decline in active users by 5% year-over-year, prompting a review of customer engagement strategies[13]. - The group's cinema operations in Hong Kong reported total box office revenue of HKD 792.5 million, a decrease of approximately 10% compared to the previous year[129]. - The average occupancy rate for the Ocean Park Marriott Hotel during the review period was approximately 68%, primarily driven by local residents due to a decline in inbound tourists[111]. Investment and Development - The group has completed geological surveys for the land at Yuen Long, Hong Kong, and is currently conducting demolition work, expecting to add approximately 42,200 square feet to its development portfolio by 2024[114]. - The group is actively monitoring the London property market for future redevelopment opportunities, having received planning approval for the Leadenhall properties[112]. - The group aims to expand its property portfolio through government tenders while maintaining a prudent and flexible approach[116]. - The company plans to redevelop the Shanghai Zhabai Plaza, which is expected to add approximately 693,600 square feet of total construction area to its leasing portfolio[196].

Financial Performance - For the fiscal year ending July 31, 2019, the company reported a significant revenue increase to HKD 6,493.9 million, up 283.6% from HKD 1,693.0 million in 2018[13]. - Gross profit for the same period was HKD 2,305.4 million, compared to HKD 970.3 million in the previous year, reflecting a substantial growth driven by property sales and the consolidation of financial results from Fengde Li[13]. - The net profit attributable to the company's owners for the year ended July 31, 2019, was approximately HKD 4,842.9 million, an increase from HKD 4,335.2 million in 2018, representing a growth of 11.7%[15]. - Basic earnings per share increased to HKD 7.988 for the year ended July 31, 2019, compared to HKD 7.159 in 2018, reflecting a rise of 11.5%[15]. - The adjusted net profit attributable to the company's owners, excluding property revaluation and non-recurring transactions, was approximately HKD 452.7 million, up from HKD 188.5 million in 2018[16]. - The company's revenue for the year ended July 31, 2019, was HKD 6,493.9 million, representing a 284% increase compared to HKD 1,693.0 million in the previous year[51]. - Gross profit reached HKD 2,305.4 million, up 138% from HKD 970.3 million year-over-year, with a gross margin of 36%[51]. - Operating profit was HKD 4,690.1 million, a 65% increase from HKD 2,850.0 million, with an operating margin of 72%[51]. - The company's reported profit attributable to owners was HKD 4,842.9 million in 2019, showing a significant increase from HKD 2,093.6 million in 2015, representing a growth of approximately 131%[62]. - The total revenue for the year 2019 reached HKD 4,005.5 million, with a notable contribution from property development and sales, which accounted for HKD 2,279.8 million[62]. Revenue Breakdown - Revenue breakdown by segment showed property development and sales at HKD 2,279.8 million, a dramatic increase of 569,850% from HKD 0.4 million in 2018[13]. - The restaurant business generated revenue of HKD 514.8 million, maintaining stability with a slight increase of 0.2% from HKD 514.0 million in the previous year[13]. - Hotel operations revenue rose to HKD 686.1 million, marking a 61.8% increase from HKD 424.0 million in 2018[13]. - The media and entertainment segment contributed HKD 591.8 million, with no prior year comparison available due to the segment's recent establishment[13]. - The restaurant business segment generated revenue of HKD 514.8 million for the year ended July 31, 2019, compared to HKD 514.0 million in 2018[146]. - The hotel and serviced apartment operations brought in revenue of HKD 686.1 million for the year ended July 31, 2019, up from HKD 424.0 million in 2018[148]. - The media and entertainment segment recorded revenue of HKD 591.8 million for the year ended July 31, 2019[155]. Strategic Initiatives - The company plans to continue expanding its property investment and development portfolio, particularly in Hong Kong and mainland China[9]. - Future strategies include enhancing operational efficiency in restaurant and hotel businesses to drive profitability[9]. - The company is exploring potential acquisitions to strengthen its market position and diversify its business operations[9]. - Ongoing investments in new technologies and product offerings are expected to support long-term growth and competitiveness in the market[9]. - The company plans to expand its market presence in regions such as Vietnam and the UK, aiming to diversify its revenue streams further[62]. - The management indicated ongoing investments in new product development and technology to enhance operational efficiency and customer engagement[66]. - The company has outlined a strategic focus on mergers and acquisitions to bolster its market position and drive future growth[66]. Property Development and Investments - The total leasable area held by the group in mainland China is approximately 3,465,000 square feet, with a rental property area of 8,895,000 square feet[26]. - The group has successfully acquired land in Yuen Long, Hong Kong, for HKD 209,800,000, expected to add approximately 42,200 square feet to the development property portfolio[30]. - The average selling price for residential units at the Blue Tongue project is approximately HKD 17,300 per square foot, with 581 units sold totaling a sales area of about 353,500 square feet[32]. - The average selling price for residential units at the Yat San project is approximately HKD 18,900 per square foot, with 138 units pre-sold totaling a sales area of about 28,800 square feet[33]. - The group has completed construction on the Blue Tongue and Happy Build projects, with all 209 residential units at Happy Build sold at an average price of HKD 16,400 per square foot[32]. - The redevelopment projects in Shanghai are expected to add approximately 693,600 square feet to the leasing portfolio upon completion in Q2 2022[36]. - The construction of the Guangzhou Haizhu Plaza is expected to be completed in the first half of 2023, providing a total leasable area of approximately 580,800 square feet[36]. - The total land area acquired for the second phase of Innovation Square is about 143,800 square meters, with a maximum plot ratio of 2[38]. - The company has acquired an additional 10% equity interest in Media Asia Group Holdings Limited, enhancing its operational strategy in film sales and distribution in Hong Kong and mainland China[45]. Financial Position and Liabilities - The net debt-to-equity ratio stood at 39%, an increase from 25% in the previous year, indicating a more leveraged position[51]. - The total equity attributable to shareholders was HKD 35,827.7 million, up 15% from HKD 31,158.7 million[51]. - The company's cash position was HKD 5,255.6 million, excluding a subsidiary, indicating strong liquidity[48]. - The market capitalization decreased by 17% to HKD 6,719.6 million from HKD 8,133.5 million year-over-year[51]. - The company plans to adopt various measures to restore public float to meet the minimum requirement of 25% due to increased holdings by major shareholders[48]. - The total bank loans amounted to HKD 13,271.2 million, with a capital-to-debt ratio of approximately 39.2%[171]. - The group has issued guaranteed notes totaling USD 750 million with a fixed interest rate of 4.6% and 5.65%[168]. Employee and Workforce Management - The company employed approximately 4,600 employees as of July 31, 2019, emphasizing the importance of a stable workforce for ongoing success[177]. - The company has implemented competitive salary policies and performance-based bonuses to retain talent and enhance employee satisfaction[177]. Environmental, Social, and Governance (ESG) - The report outlines the management policies, strategies, and performance of the group in environmental, social, and governance (ESG) aspects for the period from August 1, 2018, to July 31, 2019[199]. - The ESG report has been approved by the company's management team and board of directors[200].

Financial Performance - The company reported a revenue of HKD 3,760,743,000 for the six months ended January 31, 2019, compared to HKD 863,780,000 for the same period last year, representing a significant increase of 335%[4]. - Gross profit for the same period was HKD 1,384,768,000, up from HKD 496,843,000, indicating a growth of 178%[4]. - Operating profit decreased to HKD 660,366,000 from HKD 830,199,000, reflecting a decline of 20.5% year-over-year[4]. - The company achieved a profit attributable to owners of the company of HKD 5,076,304,000, compared to HKD 1,223,639,000 in the previous year, marking an increase of 314%[4]. - Basic earnings per share rose to HKD 8.376 from HKD 2.022, an increase of 314%[4]. - The company recorded a pre-tax profit of HKD 4,897,246,000, compared to HKD 1,292,430,000 in the previous year, representing a growth of 278%[4]. - The total comprehensive income for the period was HKD 5,383,161,000, compared to HKD 1,792,780,000 for the same period last year, an increase of 200%[7]. Assets and Liabilities - Non-current assets increased to HKD 64,808,921 thousand as of January 31, 2019, up from HKD 39,088,371 thousand as of July 31, 2018, representing a growth of 65.9%[9]. - Current liabilities rose significantly to HKD 10,736,999 thousand, compared to HKD 3,457,150 thousand in the previous year, indicating a 210.5% increase[11]. - Total assets less current liabilities reached HKD 69,288,838 thousand, up from HKD 43,245,782 thousand, reflecting a growth of 60.4%[11]. - The company's equity attributable to owners stood at HKD 49,268,758 thousand, compared to HKD 31,618,681 thousand, marking a 55.7% increase[11]. - Non-current liabilities totaled HKD 20,020,080 thousand, up from HKD 11,627,101 thousand, reflecting a 72.5% increase[11]. Cash Flow and Financing - For the six months ended January 31, 2019, the net cash flow used in operating activities was HKD (903,357,000), compared to HKD 321,931,000 for the same period in 2018[22]. - The company incurred cash outflows of HKD (986,910,000) for the purchase of property, plant, and equipment during the six months ended January 31, 2019[22]. - New bank loans amounted to HKD 3,900,058,000 for the six months ended January 31, 2019, compared to HKD 689,000,000 in the same period of 2018[24]. - The company reported a net cash inflow from financing activities of HKD 138,513,000 for the six months ended January 31, 2019[24]. - The company repaid bank loans totaling HKD (3,672,371,000) during the six months ended January 31, 2019[24]. Revenue Segments - Revenue from property sales reached HKD 1,751,268,000, compared to HKD 430,000 for the same period last year[65]. - Hotel business revenue increased to HKD 280,620,000 from HKD 231,933,000 year-on-year[65]. - The company reported a total of HKD 238,212,000 in revenue from film products and film rights, with no prior year comparison available[65]. - Revenue from game product sales amounted to HKD 103,132,000, with no prior year comparison available[65]. - The company generated HKD 2,952,194,000 in revenue from customer contracts at a single point in time, compared to HKD 461,700,000 in the previous year[65]. Strategic Plans and Market Position - The company plans to continue its market expansion and product development strategies to sustain growth in the upcoming periods[4]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer engagement[73]. - The company has identified potential acquisition targets to further strengthen its market position and diversify its revenue streams[73]. - The management emphasized the importance of resource allocation based on performance evaluation to optimize business operations moving forward[73]. Accounting Standards and Policies - The adoption of Hong Kong Financial Reporting Standards (HKFRS) 9 has resulted in the reclassification of financial assets, with a total of HKD 2,162,254,000 reclassified from available-for-sale financial assets to equity investments measured at fair value through other comprehensive income[38]. - The implementation of HKFRS 9 has not had a significant financial impact on the group's consolidated financial statements[42]. - The cumulative impact of adopting HKFRS 15 resulted in an adjustment to retained earnings as of August 1, 2018, with no restatement of comparative figures[46]. Property Development and Investment - The company successfully acquired land in Yuen Long for HKD 209.8 million, expected to add approximately 42,200 square feet of gross floor area for residential development[145]. - The company is actively participating in government tenders to expand its property portfolio[149]. - The overall rental market in Hong Kong shows slight increases, with office leasing remaining tight despite new supply[144]. - The rental portfolio of the company is expected to increase from approximately 3,300,000 square feet to about 9,700,000 square feet over the next few years[151]. User Data and Market Trends - The company reported a significant increase in user data, with a total of 6,269,140 users as of January 31, 2019, compared to 6,075,975 users as of July 31, 2018, marking a growth of about 3.2%[76]. - Management remains optimistic about future rental income growth despite current fluctuations in specific markets[179].