Financial Performance - The company reported revenue of HKD 70,606,000 for the six months ended December 31, 2022, a significant increase from HKD 5,205,000 in the same period of 2021, representing a growth of 1,257%[6] - Gross profit for the same period was HKD 15,595,000, compared to HKD 4,001,000 in 2021, indicating a growth of 289%[6] - The company recorded a pre-tax loss of HKD 27,628,000, an improvement from a loss of HKD 39,000,000 in the previous year, reflecting a reduction of 29%[6] - The total comprehensive loss attributable to equity holders for the period was HKD 47,458,000, compared to HKD 40,399,000 in 2021, showing an increase of 17%[6] - The basic and diluted loss per share for the period was HKD 1.02, an improvement from HKD 1.59 in the previous year[6] - For the six months ended December 31, 2022, the total revenue was HKD 71,477,000, a significant increase from HKD 6,331,000 in the same period of 2021, representing a growth of approximately 1,030%[19] - Revenue from property sales in China reached HKD 67,970,000, compared to HKD 1,271,000 in the previous year, indicating a growth of over 5,200%[19] - The company reported a loss before tax of HKD (27,628,000) for the period, compared to a loss of HKD (25,510,000) in the previous year, indicating a slight increase in losses[22] - The company reported a loss of HKD 25,510,000 for the six months ended December 31, 2022, compared to a loss of HKD 39,707,000 for the same period in 2021, primarily due to a net decrease in the fair value of investment properties of HKD 27,100,000[62] Assets and Liabilities - Non-current assets decreased to HKD 337,624,000 as of December 31, 2022, down from HKD 365,915,000 as of June 30, 2022, a decline of 8%[7] - Current assets totaled HKD 949,800,000, a decrease from HKD 1,070,444,000 in the previous period, representing a decline of 11%[7] - The company's cash and cash equivalents were HKD 49,438,000, down from HKD 60,474,000, indicating a decrease of 18%[7] - Total liabilities decreased to HKD 364,753,000 from HKD 462,761,000, reflecting a reduction of 21%[7] - The net asset value of the company was HKD 825,529,000, down from HKD 872,987,000, a decrease of 5%[7] - The total assets as of December 31, 2022, amounted to HKD 1,287,424,000, while total liabilities were HKD (461,895,000), resulting in a net asset position[22] - The company's total assets as of June 30, 2022, amounted to HKD 1,436,359,000, with total liabilities of HKD 563,372,000[25] - The fair value of investment properties as of December 31, 2022, was HKD 268,000,000, down from HKD 295,100,000 as of June 30, 2022[36] - The value of properties under development decreased from HKD 631,490,000 as of June 30, 2022, to HKD 401,907,000 as of December 31, 2022[36] Cash Flow and Financing - The net cash used in operating activities was HKD (4,527,000), an improvement from HKD (7,757,000) in the prior year, reflecting a reduction of approximately 42.5%[14] - The net cash generated from investing activities was HKD 1,846,000, down from HKD 47,624,000 in the previous year, a decline of approximately 96.1%[14] - Cash and cash equivalents decreased to HKD 49,438,000 from HKD 94,484,000, a decline of approximately 47.7%[14] - The company’s bank and cash on hand decreased significantly from HKD 90,190,000 to HKD 30,341,000, a reduction of approximately 66.4%[14] - The financing costs incurred during the period were HKD (4,540,000), which is an increase compared to HKD (2,807,000) in the previous year, reflecting a rise of approximately 62%[22] - The group has sufficient cash and cash equivalents to support operations and anticipated expansions, indicating low liquidity risk[90] Expenses - The company’s employee costs, including director remuneration, totaled HKD 6,077,000 for the six months ended December 31, 2022, compared to HKD 4,310,000 in the previous year[30] - Selling expenses decreased by 40% to HKD 1,965,000, primarily due to reduced advertising and consulting fees[80] - Administrative expenses decreased by 10% to HKD 11,017,000, mainly due to lower legal and professional fees[81] Investments and Fair Value - The company recognized a net decrease in the fair value of investment properties amounting to HKD 27,100,000 for the six months ended December 31, 2022[24] - The fair value loss of financial assets measured at fair value through profit or loss decreased from approximately HKD 13,282,000 to approximately HKD 9,124,000[62] - The net fair value loss of financial assets measured at fair value through profit or loss decreased by 31% to HKD 9,124,000, mainly due to a decline in the share price of ZTO Express[76] - The net fair value loss of investment properties increased from HKD 15,500,000 to HKD 27,100,000, influenced by the economic conditions in Hong Kong[77] Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the six months ended December 31, 2022[59] - The company has complied with all applicable code provisions of the Corporate Governance Code during the six months ending December 31, 2022, except for specific deviations noted[109] - The company amended its articles of association to comply with the Corporate Governance Code on December 15, 2022[112] - All directors confirmed compliance with the required standards of the Corporate Governance Code during the six months ending December 31, 2022[114] Market Conditions and Competition - The group's financial condition and performance are significantly influenced by the property market conditions in Hong Kong and China, with potential adverse impacts on financial status and operations due to market downturns[87] - The group faces competition in the Chinese real estate market, necessitating improvements in product quality and cost control to maintain sales[88]

Financial Performance - The company reported a loss of approximately HKD 162,877,000 for the fiscal year 2022, primarily due to a net fair value decrease of financial assets of HKD 128,823,000 and a net fair value decrease of investment properties of HKD 21,600,000[31]. - The group's revenue decreased by 96% from HKD 253,977,000 in the fiscal year 2021 to HKD 11,131,000 in the fiscal year 2022[46]. - The group's annual loss for fiscal year 2022 was HKD 162,877,000, a significant increase of 170% from HKD 60,227,000 in 2021, largely due to a fair value loss on financial assets of HKD 128,823,000[73]. - The interest and dividend income from financial assets at fair value through profit or loss was HKD 2,020,000 in fiscal year 2022, down from HKD 4,405,000 in fiscal year 2021[40]. - The fair value decrease of financial assets at fair value through profit or loss increased by 199% to HKD 128,823,000 in fiscal year 2022 from HKD 43,244,000 in fiscal year 2021[48]. - Rental income from investment properties for the fiscal year 2022 was HKD 4,406,000, a decrease from HKD 6,245,000 in the previous year due to lower rental rates and occupancy[38]. - Administrative expenses rose by HKD 10,771,000 or 54% to HKD 30,675,000 in fiscal year 2022, driven by increased staffing for property development projects and legal costs for new investments[71]. - Financing costs decreased by HKD 462,000 or 8% to HKD 5,472,000 in fiscal year 2022, attributed to the repayment of certain bank loans[72]. Investment Properties - The fair value of the company's investment properties as of June 30, 2022, was HKD 295,100,000, down from HKD 316,700,000 a year earlier, reflecting a decrease of HKD 21,600,000 in fair value during the fiscal year 2022[38]. - The fair value decrease of investment properties for the fiscal year 2022 was HKD 21,600,000, compared to HKD 27,200,000 in 2021, reflecting ongoing impacts from the COVID-19 pandemic on the Hong Kong office market[55]. - The company recognized revenue of HKD 4,705,000 from property deliveries during the fiscal year 2022, with a gross margin of 17% after comprehensive adjustments[37]. Corporate Governance - The company has adopted the corporate governance code as its own governance code to enhance shareholder interests and group performance[153]. - The board of directors includes at least three independent non-executive directors, complying with listing rules after the appointment of a new independent director on May 3, 2022[164]. - The company aims for at least 1/3 of board members to be independent non-executive directors and at least 1 member with accounting or related financial management qualifications[176]. - The company emphasizes equal opportunities in all business aspects, ensuring no discrimination based on various factors[175]. - The company is focused on maintaining high standards of corporate governance and enhancing board diversity benefits[175]. Management and Strategy - The company plans to strengthen internal management and optimize business structure to address various challenges in the upcoming year[32]. - The company aims to identify new development trends and opportunities to enhance asset value amid unprecedented changes in the global landscape[32]. - The company is gradually improving its investment business framework while seeking promising investment opportunities[32]. - The group faced significant challenges in the domestic real estate sector during the fiscal year 2022, but it continued to advance its projects and address historical issues[32]. Shareholder Information - The company did not recommend the payment of a final dividend for the fiscal year 2022, consistent with the previous year[109]. - The company reported a total distributable reserve of approximately HKD 73,390,000 as of June 30, 2022, compared to HKD 61,012,000 in 2021, reflecting an increase of about 20%[121]. - The five largest suppliers accounted for 56% of procurement, while the largest supplier contributed 20% to the resort and property development segment[122]. - The five largest customers represented 32% of total revenue, with the largest customer accounting for 8%[122]. Legal and Compliance - The group initiated legal proceedings to appoint a liquidator for Green Asia Fund due to non-payment of redemption amounts totaling HKD 30,497,000[41]. - The company has not reported any significant legal disputes as of June 30, 2022[90]. - The company has not disclosed any related party transactions that require disclosure under the Listing Rules during the fiscal year 2022[138]. Employee and Operational Information - The group employed a total of 38 full-time employees as of June 30, 2022, compared to 28 in the previous year, with total employee costs amounting to HKD 10.78 million[91]. - The company has maintained a public float of at least 25% of its total issued share capital as of the report date[147]. - The company has not entered into any management contracts related to its business operations during the fiscal year 2022[146]. Audit and Financial Reporting - The audit committee reviewed the consolidated financial statements for the fiscal year 2022 before approval by the board[149]. - The consolidated financial statements for the fiscal year 2022 were audited by Zhongren Zhonghuan (Hong Kong) CPA Limited[150]. - The Board is responsible for presenting fair, clear, and understandable annual and interim reports, as well as other financial disclosures[195]. - The management provided necessary explanations and information to the Board for informed assessment of the financial statements presented for approval[196].

Financial Performance - Revenue for the six months ended December 31, 2021, was HKD 5,205,000, a significant decrease from HKD 196,374,000 in the same period of 2020, representing a decline of approximately 97.4%[8] - The gross profit for the same period was HKD 4,001,000, down from HKD 7,607,000, indicating a decrease of about 47.5%[8] - The company reported a loss attributable to equity holders of HKD 39,707,000, compared to a loss of HKD 23,447,000 in the previous year, reflecting an increase in loss of approximately 69.2%[8] - The total comprehensive loss for the period was HKD 40,399,000, compared to a gain of HKD 5,727,000 in the prior period[10] - The company reported a pre-tax loss of HKD 23,996,000 for the six months ended December 31, 2021, compared to a loss of HKD 23,447,000 in the previous year[43] - The company reported a net loss of HKD 23,996,000 for the six months ended December 31, 2021, after tax expenses of HKD 707,000[53] - The company reported a loss of HKD (39,707,000) for the period, compared to a loss of HKD (23,447,000) in the previous year[34] - The group confirmed a net gain of HKD 999,000 from the sale of financial assets at fair value for the six months ended December 31, 2021, compared to HKD 220,000 for the same period in 2020[118] Assets and Liabilities - The net asset value as of December 31, 2021, was HKD 1,008,349,000, down from HKD 1,048,748,000 as of June 30, 2021, indicating a decrease of about 3.9%[12] - The company’s total liabilities increased to HKD 523,803,000 from HKD 503,956,000, representing an increase of approximately 3.6%[11] - The total assets as of December 31, 2021, amounted to HKD 1,633,669,000, while total liabilities were HKD (625,320,000)[34] - As of December 31, 2021, the group's current assets were HKD 1,260,786,000 and current liabilities were HKD 523,803,000, resulting in a current ratio of approximately 2.4 times[129] - The total equity and total bank and other borrowings as of December 31, 2021, were HKD 1,008,349,000 and HKD 279,347,000, respectively, with a debt-to-equity ratio of approximately 28%[129] Cash Flow and Financing - The company’s cash and cash equivalents stood at HKD 94,484,000, compared to HKD 72,022,000 as of June 30, 2021, showing an increase of about 31.1%[11] - The net cash used in operating activities was HKD (7,757,000), an improvement from HKD (11,960,000) in the previous year[19] - The company incurred interest expenses of HKD 2,805,000 for the six months ended December 31, 2021, down from HKD 6,356,000 in the same period of 2020[48] - The company’s financing costs were HKD 2,807,000, a slight decrease from HKD 3,076,000 in the previous year, indicating a reduction of approximately 8.8%[8] - The group has a total of HKD 262,190,000 in bank and other borrowings as of December 31, 2021, down from HKD 272,190,000 as of June 30, 2021[138] Investment Properties - The company recorded a net decrease in the fair value of investment properties of HKD 15,500,000 for the period, compared to a decrease of HKD 34,700,000 in the previous year[8] - The fair value of investment properties as of December 31, 2021, was HKD 301,200,000, a decrease from HKD 316,700,000 as of June 30, 2021[107] - The fair value loss of investment properties amounted to HKD 15,500,000 for the six months ended December 31, 2021, down from HKD 34,700,000 in the same period of 2020[121] - The investment segment reported a loss of HKD (11,345,000) for the period, while the property investment segment generated revenue of HKD 2,196,000[32] Administrative and Employee Costs - The company’s administrative expenses increased to HKD 12,199,000 from HKD 9,446,000, reflecting an increase of about 29.4%[8] - The total employee cost for the six months ended December 31, 2021, was HKD 4,310,000, slightly lower than HKD 4,401,000 in the previous year[50] - Total employee costs, including directors' remuneration, amounted to HKD 4,310,000 for the six months ended December 31, 2021, compared to HKD 4,401,000 in 2020, reflecting a decrease of approximately 2.07%[146] Corporate Governance and Compliance - The board is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions of the corporate governance code during the reporting period, except for specific deviations noted[159] - The company has applied for a waiver to extend the compliance deadline for having at least three independent non-executive directors until June 6, 2022[150] - The company has adopted the standard code of conduct for securities trading as per Appendix 10 of the listing rules, and all directors confirmed compliance during the six-month period ending December 31, 2021[165] Future Outlook and Strategy - The group plans to strengthen internal control and risk management mechanisms while seeking opportunities for development in 2022[114] - The group aims for quality development amidst global economic uncertainties and challenges in the second half of 2021[114] - The company anticipates that property development will be completed within one year as of December 31, 2021[60]

(ii) Applied Development Holdings Limited 實力建業集團有限公司 * (於百慕達註冊成立之有限公司) 股份代號:519 2 年報 * 僅供識別 目錄 目錄 公司資料 2 主席報告書 3 管理層討論及分析 4 董事及高層管理人員之履歷 12 董事會報告 14 企業管治報告 20 環境、社會及管治報告 33 獨立核數師報告 58 綜合全面收益表 65 綜合財務狀況表 66 綜合權益變動表 67 綜合現金流量表 69 綜合財務報表附註 71 五年財務概要 137 投資物業、物業、廠房及設備項下土地及樓宇、發展中物業以及持作銷售的物業之詳情 138 釋義 139 1 實力建業集團有限公司 | 二零二一年年報 公司資料 公司資料 | --- | --- | |------------------------|----------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Clarendon House | | 吳瞻明先生 | 2 Church Street | | （主席兼署理行政總裁） | Hamilton ...

(f) Applied Development Holdings Limited 實力建業集團有限公司 * (於百慕達註冊成立之有限公司) 股份代號:519 中期報告 202 * 僅供識別 目錄 目錄 公司資料 2 簡明綜合全面收益表 3 簡明綜合財務狀況表 4 簡明綜合權益變動表 5 簡明綜合現金流量表 6 1 中期報告2021 簡明綜合財務報表附註 7 管理層討論及前景 24 其他資料 35 公司資料 實力建業集團有限公司 | --- | --- | |-------------------------------------------------------|---------------------------------------------------------------| | 公司資料 | | | | | | 董事會 | 在香港之股份過戶登記分處 | | 執行董事 | 香港中央證券登記有限公司 | | 吳瞻明先生 （主席兼署理行政總裁） 非執行董事 吳濤先生 | 香港 灣仔 皇后大道東 183 號 | | 姚維榮先生 獨立非執行董事 劉智強先生 | 合和中心 17M 樓 | | 余達志先 ...

(ii) Applied Development Holdings Limited 實力建業集團有限公司 * (於百慕達註冊成立之有限公司) 股份代號:519 * 僅供識別 目錄 目錄 公司資料 2 主席報告書 3 管理層討論及分析 5 董事及高層管理人員之履歷 13 董事會報告 15 企業管治報告 21 環境、社會及管治報告 34 獨立核數師報告 51 綜合全面收益表 58 綜合財務狀況表 59 綜合權益變動表 60 綜合現金流量表 62 綜合財務報表附註 64 五年財務概要 133 投資物業、發展中物業及持作銷售的物業之詳情 134 釋義 135 1 實力建業集團有限公司 | 二零二零年年報 公司資料 | --- | --- | --- | --- | |-------------------------------------------|---------------------------------------|----------------------------------------|----------| | | | | | | | | | | | | | | | | | | | 公司資 ...

Applied Development Holdings Limited 實力建業集團有限公司 * (於百尊遂註冊成立之有限公司) 股份代號:519 * 僅供識別 目錄 中期報告2020 目錄 公司資料 2 簡明綜合全面收益表 3 簡明綜合財務狀況表 4 簡明綜合權益變動表 5 簡明綜合現金流量表 6 簡明綜合財務報表附註 7 管理層討論及前景 24 其他資料 32 1 PB 公司資料 實力建業集團有限公司 | --- | --- | --- | |-----------------------------------------------------------------|---------------------------------------------------------------------------------------------------|--------------------------------------------------------| | 公司資料 | | | | | | | | 董事會 執行董事 吳瞻明先生 （主席） 1 袁志平先生 （行政總裁） | | ...

(fi) Applied Development Holdings Limited 實力建業集團有限公司 * (於百慕達註冊成立之有限公司) 股份代號:519 年報 and 201 * 僅供識別 1 實力建業集團有限公司 | 二零一九年年報 目錄 目錄 公司資料 2 主席報告書 3 管理層討論及分析 4 董事及高層管理人員之履歷 9 董事會報告 12 企業管治報告 18 環境、社會及管治報告 31 獨立核數師報告 43 綜合全面收益表 48 綜合財務狀況表 49 綜合權益變動表 50 綜合現金流量表 52 綜合財務報表附註 54 五年財務概要 117 投資物業及發展中物業詳情 118 釋義 119 目錄 公司資料 公司資料 | --- | --- | |-------------------------|---------------------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Clarendon House | | 吳瞻明先生 （主席） | 2 Church Street | | 袁志平先生 （行政總裁） | Hamilton ...

中 期 報 告 2O19 (於百慕達註冊成立之有限公司) 股份代號 : 519 中期報告2019 管理層討論及展望 19 公司資料 2 簡明綜合全面收益表 3 簡明綜合財務狀況表 4 簡明綜合權益變動表 5 簡明綜合現金流量表 6 簡明綜合財務報表附註 7 1 目錄 其他資料 24 實力建業集團有限公司 非執行董事 獨立非執行董事 公司資料 董事會 執行董事 姚維榮先生（主席） 袁志平先生（行政總裁） 吳潔玲女士（於二零一八年十月二十二日辭任） 郭順根先生 劉智強先生 余達志先生 趙傑文先生 審核委員會 余達志先生（主席） 劉智強先生 趙傑文先生 薪酬委員會 劉智強先生（主席） 趙傑文先生 姚維榮先生 提名委員會 姚維榮先生（主席） 劉智強先生 趙傑文先生 公司秘書 吳潔玲女士 香港主要營業地點 香港 灣仔 告士打道39號 夏愨大廈 8樓803室 註冊辦事處 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 在香港之股份過戶登記分處 香港中央證券登記有限公司 香港 灣仔 皇后大道東183號 合和中心 17M樓 在百慕達之股份過戶登記處 MUFG Fu ...