Financial Performance - The group recorded a consolidated profit attributable to shareholders of approximately HKD 670 million for the year ended December 31, 2021, compared to a consolidated loss of approximately HKD 830 million for the nine months ended December 31, 2020[5]. - Revenue from continuing operations for the year was approximately HKD 81 million, slightly down from approximately HKD 83 million in 2020[12]. - The contribution from property investment and development business accounted for 95% of the total revenue from continuing operations, compared to 96% in 2020[12]. - The property investment segment reported revenue of approximately HKD 70 million for the year, up from HKD 50 million in 2020, with a segment profit of about HKD 48 million compared to HKD 39 million in 2020[14]. - OUE Group's investment in LAAPL generated a share of profit of approximately HKD 636 million for the year, a significant recovery from a loss of about HKD 958 million in 2020[23]. - The group sold part of its remaining property in Beijing, generating segment revenue of approximately HKD 7 million, down from HKD 29 million in 2020, and recorded a loss of about HKD 500,000 for the year[25]. - Financial and securities investment revenue for the year was approximately HKD 1,000,000, compared to HKD 500,000 in 2020, with a net profit of approximately HKD 2,000,000, up from HKD 1,000,000 in 2020[26]. - Total assets as of December 31, 2021, were approximately HKD 11,600,000,000, an increase from approximately HKD 11,100,000,000 in 2020, with property-related assets accounting for about 99% of total assets[27]. - Total liabilities decreased to approximately HKD 349,000,000 as of December 31, 2021, down from approximately HKD 401,000,000 in 2020, while cash and cash equivalents totaled approximately HKD 122,000,000, down from HKD 198,000,000[27]. - The equity attributable to shareholders increased to approximately HKD 11,200,000,000 as of December 31, 2021, compared to approximately HKD 10,700,000,000 in 2020, equating to HKD 5.6 per share[30]. Investments and Acquisitions - The group acquired approximately 32% equity in PT Matahari Department Store Tbk, becoming its largest single shareholder, and approximately 17.2% equity in PT Multipolar Tbk, expanding its consumer goods segment in the growing Indonesian market[6]. - OUE Group acquired a 32% stake in MDS, becoming its largest shareholder, and also acquired approximately 17.2% of Multipolar, enhancing its presence in Indonesia's fast-growing e-commerce and consumer sectors[16]. - The company’s investment in First REIT increased its direct interest from approximately 15.3% to about 33.1% following the sale of its nursing home interests for approximately SGD 163.5 million (about HKD 944.9 million)[23]. Dividends and Shareholder Returns - The board proposed a final cash dividend of HKD 0.0125 per share for the year[9]. - The company proposed a final dividend of HKD 0.0125 per share for the year, totaling approximately HKD 25,000,000, compared to HKD 15,000,000 in 2020[39]. - The company aims to provide stable and sustainable returns to shareholders through a progressive dividend policy, which was adopted in January 2019[150]. Corporate Governance - The company has appointed Mr. Li and Mr. Xu as directors with a two-year term starting from September 30, 2020[47]. - Dr. Li has been appointed as the CEO since January 1, 2015, and Mr. Li has been appointed as the Executive Director since the same date[47]. - The company has received annual confirmation letters regarding the independence of its independent non-executive directors[49]. - The company has a policy that one-third of the directors must retire at the annual general meeting each year, with re-election subject to shareholder vote[47]. - The company has established various committees, including the remuneration and nomination committees, to oversee governance[50]. - The company has a diverse board with members holding various qualifications and extensive experience in different sectors[53]. - The company is committed to ensuring compliance with the Hong Kong Stock Exchange listing rules regarding director independence[49]. - The company has a structured approach to director appointments and term limits, ensuring governance and accountability[47]. - The company’s board includes independent non-executive directors with extensive experience in finance and law, enhancing governance[56]. - The company has a structured approach to determining director remuneration based on market levels and responsibilities[58]. - The company’s audit, remuneration, and nomination committees are chaired by experienced independent directors, ensuring oversight[58]. - The company’s governance structure includes detailed disclosures of shareholdings and interests of directors as per regulatory requirements[64]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests in shares[64]. - The company has obtained directors and officers liability insurance coverage for its directors and senior officers[78]. - The company’s governance report indicates that all non-executive directors have fixed-term contracts of two years[123]. - The board's diversity policy aims to support the company's strategic goals and sustainable development through a balanced mix of skills and experiences[131]. - The chairman and CEO roles are held by different individuals, ensuring effective leadership and management of the company[122]. Risk Management - The company has identified various risks and uncertainties that may impact its financial condition and operational performance, detailed in the risk management report[102]. - The group has established a risk management framework led by the management team, which includes setting risk standards and regularly assessing major risks at the group level[165]. - The group identified significant risks for the year, including operational risks from natural disasters and COVID-19, and implemented measures such as business continuity plans and health safety protocols[177]. - The group has committed to continuous improvement of its risk management system, completing actions such as revising risk management templates and integrating ESG risks into the framework[172]. - The board, with the assistance of the audit committee, reviewed the adequacy and effectiveness of the risk management and internal control systems, confirming their effectiveness for the year[180]. - The group has a systematic risk management process that includes risk identification, analysis, treatment, and reporting, ensuring ongoing risk monitoring[169]. - The group has allocated sufficient resources to implement its risk management framework and manage identified risks effectively[165]. - The risk management team develops necessary tools and templates for risk assessment and reporting, ensuring compliance across all business entities[167]. - The group conducts self-assessments of risk management and internal controls to evaluate their effectiveness[167]. - The group has implemented measures to strengthen cybersecurity and prevent unauthorized access to organizational data[177]. - The group maintains a stable risk level while monitoring for any upward trends in risk exposure[177]. Environmental, Social, and Governance (ESG) - The group is committed to reducing its operational negative impact on the environment and regularly monitors its environmental performance[197]. - A training workshop on environmental, social, and governance (ESG) topics was held for employees, focusing on data protection and local reporting standards[188]. - The group has established a risk management framework applicable to all business entities and departments to identify and manage potential risks[188]. - The board is responsible for overseeing the group's ESG-related matters, including policies, measures, performance, and risks[187]. - The group plans to enhance its management of ESG issues and develop a more comprehensive sustainability strategy[187]. - The group has a dedicated working group to implement ESG policies and prepare the ESG report[187]. - The group believes in continuous communication with stakeholders to understand their needs and expectations, which helps in managing potential risks[192]. - The company's emissions for the current year are higher compared to 2020, primarily due to an extended reporting period and increased fuel consumption from certain subsidiaries' vehicles and yachts[198]. - Nitrogen oxides emissions increased from 0.20 kg in 2020 to 0.38 kg in the current year, representing a 90% increase[200]. - Sulfur dioxide emissions rose significantly from 0.09 kg in 2020 to 0.70 kg in the current year, indicating a 688.89% increase[200]. - The emissions of inhalable suspended particles decreased slightly from 0.05 kg in 2020 to 0.03 kg in the current year, showing a 40% reduction[200].

Financial Performance - Revenue from continuing operations for the six months ended June 30, 2021, was HKD 41,159,000, a decrease of 34.8% compared to HKD 63,167,000 for the same period in 2020[4] - Total profit for the period was HKD 175,439,000, a significant recovery from a loss of HKD 584,984,000 in the previous year[4] - Basic and diluted earnings per share for the period was HKD 8.8, compared to a loss of HKD 29.3 per share in the same period last year[4] - The company’s total comprehensive income for the period was HKD 15,818 thousand, compared to a loss of HKD (66,436) thousand for the same period in 2020, indicating a turnaround in performance[16] - The company reported a profit of HKD 172.6 million from its joint venture LAAPL for the six months ended June 30, 2021, a significant improvement from a loss of HKD 731.2 million for the same period in 2020[53] - The company recorded a profit attributable to equity holders of HKD 176,035,000 from continuing operations, compared to a loss of HKD 720,018,000 from discontinued operations for the six months ended September 30, 2020[70] Assets and Liabilities - The group's total assets as of June 30, 2021, amounted to HKD 11,061,382,000, an increase from HKD 10,835,846,000 as of December 31, 2020[13] - The total liabilities as of June 30, 2021, were HKD 403,125 million, a slight increase from HKD 401,045 million as of December 31, 2020, representing a growth of about 0.5%[39] - The net asset value attributable to equity holders of the company was HKD 10,727,857,000, slightly up from HKD 10,687,756,000 at the end of 2020[13] - The total cash and cash equivalents at the end of the period were HKD 122,182 thousand, down from HKD 421,931 thousand at the end of the previous period, representing a decrease of approximately 71.06%[20] - The company’s total reserves included retained earnings of HKD 7,280,092,000 as of June 30, 2021, up from HKD 7,163,316,000 as of December 31, 2020[83] Cash Flow - The net cash flow used in operating activities for the six months ended June 30, 2021, was HKD (33,172) thousand, compared to HKD (7,484) thousand for the same period in 2020, indicating a significant increase in cash outflow[20] - The company reported a net cash flow from financing activities of HKD (3,089) thousand for the six months ended June 30, 2021, compared to HKD (19,477) thousand for the same period in 2020, showing an improvement in financing cash flow[20] - The company reported a decrease in cash flow from investment activities, with a net cash outflow of HKD (40,818) thousand for the six months ended June 30, 2021, compared to a net inflow of HKD 311,097 thousand in the same period of 2020[20] Shareholder Information - The company paid dividends of HKD 34,970 thousand to shareholders during the six months ended June 30, 2021, slightly down from HKD 39,966 thousand in the same period of 2020[20] - The company declared no interim dividend for the six months ended June 30, 2021, compared to an interim dividend of HKD 19,983,000 for the same period in 2020[72] - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share, up from $0.45[180] Operational Highlights - The company’s capital expenditure for the period included investments in fixed assets, amounting to HKD 285 million[39] - The company’s employee costs for the period amounted to approximately HKD 12,000,000, an increase from approximately HKD 10,000,000 in 2020[126] - The company will continue to monitor and adapt to changes in the operating environment while prudently managing its financial resources and expenditures[130] Market and Strategic Initiatives - The company is investing in new technology development, allocating $10 million towards R&D initiatives[180] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[180] - The company is considering strategic acquisitions to enhance its product offerings and market presence[180] Governance and Compliance - The group has established an audit committee consisting of three independent non-executive directors[172] - The company has committed to high-quality corporate governance practices to enhance investor confidence[171]

Financial Performance - The company recorded a consolidated loss attributable to shareholders of approximately HKD 830 million for the nine months ended December 31, 2020, compared to a consolidated profit of approximately HKD 425 million for the previous year[8]. - Revenue from continuing operations increased to approximately HKD 83 million, up from approximately HKD 71 million in the previous year, primarily due to the completion of property sales during the period[13]. - The contribution from property investment and development accounted for 96% of total revenue from continuing operations, consistent with the previous year[13]. - The company recognized a profit of approximately HKD 135 million from the sale of the joint venture, despite incurring a fair value loss of approximately HKD 47 million related to the termination of the sale option[14]. - The group recorded a loss of approximately HKD 958,000,000 from its investment in LAAPL, compared to a profit of HKD 440,000,000 in the previous year, primarily due to fair value losses on investment properties[23]. - The group achieved revenue of approximately HKD 29,000,000 from the sale of remaining properties in Beijing, China, with a profit of about HKD 15,000,000 compared to a loss of HKD 4,000,000 last year[24]. - Financial and securities investment revenue totaled approximately HKD 500,000, down from HKD 2,000,000 in the previous year, with a net profit of HKD 1,000,000 compared to a loss of HKD 2,000,000 last year[25]. - The total dividend for the period is proposed to be HKD 0.75 per share, totaling approximately HKD 15 million, down from HKD 40 million in the previous year[39]. - The total dividend payout for the period will be HKD 1.75 per share, amounting to approximately HKD 35 million, compared to HKD 60 million in the previous year[39]. Asset and Liability Management - As of December 31, 2020, the group's total assets were approximately HKD 11,100,000,000, with property-related assets accounting for about HKD 10,900,000,000, representing 98% of total assets[26]. - The group reduced total liabilities to approximately HKD 401,000,000 from HKD 589,000,000, mainly due to decreased borrowings during the period[26]. - Cash and cash equivalents increased to approximately HKD 198,000,000 from HKD 135,000,000, with a current ratio of 1.3 compared to 3.3 in the previous period[26]. - As of December 31, 2020, the group's bank and other loans amounted to approximately HKD 275 million, a decrease from approximately HKD 492 million as of March 31, 2020[28]. - The capital to debt ratio as of December 31, 2020, was 2.6%, indicating a stable financial position[28]. Business Strategy and Outlook - The company plans to maintain a cautious approach in capital and expenditure management while seeking new business opportunities due to ongoing pandemic uncertainties[8]. - The group has taken a cautious outlook on its short-term business prospects due to ongoing economic and political uncertainties[32]. - The group will continue to adopt proactive measures to mitigate adverse impacts on its business and manage financial resources prudently[32]. - The company actively seeks new tenants and reduces vacancy rates to address market dynamics risks affecting sales revenue[174]. Corporate Governance - The board of directors includes experienced professionals with extensive backgrounds in finance, law, and management, enhancing the company's governance[51][52][54][55][56]. - The company has obtained liability insurance for its directors and senior officers to provide protection against potential liabilities arising from the group's business activities[50]. - The company has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to oversee specific areas of the group's affairs[113]. - The board is responsible for monitoring the group's strategic development and financial performance, with regular updates provided to all directors[113]. - The company has complied with the corporate governance code and continues to enhance its governance practices to meet public and shareholder expectations[105][106]. Risk Management - The company has identified major risks and uncertainties that may affect its financial condition and operational performance[97]. - The group has integrated ESG risks into its risk management framework, which is based on ISO 31000 and COSO guidelines[154]. - The risk management strategy aims to enhance corporate governance through a robust internal control system and systematic risk identification[155]. - The company has implemented measures to monitor and manage macroeconomic risks that could impact profitability[171]. - The board has conducted a review of the adequacy and effectiveness of the risk management and internal control systems, confirming their effectiveness during the period[175]. Employee and Compensation - Employee costs for the period amounted to approximately HKD 23 million, a slight decrease from approximately HKD 24 million in the previous year[31]. - The group maintained a competitive compensation scheme to attract and motivate employees, regularly reviewing and adjusting it to meet market standards[94]. - The number of employees increased to 41 as of December 31, 2020, from 39 as of March 31, 2020[31]. - Dr. Li received a discretionary bonus of HKD 5,000,000, while Mr. Li received HKD 2,000,000 as discretionary bonuses during the period[60]. Shareholder Engagement - The company aims to provide stable and sustainable returns to shareholders through a progressive dividend policy, reviewed periodically[145]. - The company maintains regular communication with investors to disclose important information about its operations[146]. - The company has established a shareholder communication policy to ensure effective engagement with shareholders[141].

Financial Performance - For the six months ended September 30, 2020, the company reported a total revenue of HKD 63,167,000, compared to HKD 36,387,000 for the same period in 2019, representing a 73.6% increase[6]. - The net loss attributable to equity holders of the company for the period was HKD 585,419,000, a significant decline from a profit of HKD 269,297,000 in the previous year[6]. - The company's total comprehensive loss for the period was HKD 263,408,000, compared to a comprehensive income of HKD 143,653,000 in the prior year[9]. - The company reported a pre-tax loss from continuing operations of HKD 711,756,000, compared to a profit of HKD 272,914,000 in the previous year[6]. - The company reported a consolidated loss attributable to equity holders of HKD 720,018,000 for the six months ended September 30, 2020, compared to a profit of HKD 134,599,000 in the same period of 2019[67]. - The total comprehensive income for the period was HKD 88,285 thousand, compared to a loss of HKD 197,493 thousand in the previous year[20]. Assets and Liabilities - As of September 30, 2020, the company's total assets amounted to HKD 10,803,606,000, a decrease from HKD 11,095,438,000 as of March 31, 2020[12]. - The company’s equity attributable to equity holders decreased to HKD 10,293,542,000 from HKD 10,588,288,000[15]. - The company’s non-current assets totaled HKD 10,360,611,000, down from HKD 10,909,843,000 as of March 31, 2020[12]. - The company’s current liabilities increased to HKD 99,595,000 from HKD 82,131,000, reflecting a rise in financial obligations[12]. - The total liabilities were reported at HKD 609,659,000, with a breakdown showing HKD 532,005,000 in allocated liabilities[44]. - The group’s liabilities totaled HKD 610,000,000, compared to HKD 589,000,000 as of March 31, 2020[121]. Cash Flow and Liquidity - The company’s cash and cash equivalents increased to HKD 421,931,000 from HKD 135,169,000, indicating improved liquidity[12]. - Cash flow from operating activities showed a net outflow of HKD 7,484 thousand, an improvement from a net outflow of HKD 43,571 thousand in the previous year[24]. - The company ended the period with cash and cash equivalents of HKD 421,931 thousand, up from HKD 182,636 thousand at the end of the previous year[24]. - The financing activities resulted in a net cash outflow of HKD 19,477 thousand, a significant reduction from HKD 277,258 thousand in the prior year[24]. Revenue Breakdown - The company reported a total revenue of HKD 63,167,000 for the six months ended September 30, 2020, with property investment contributing HKD 33,385,000 and property development contributing HKD 28,224,000[43]. - Revenue from property sales amounted to HKD 28,224,000, with project management service revenue at HKD 334,000, down from HKD 515,000 in 2019[48]. - Rental income from operating leases was HKD 2,812,000, a decrease from HKD 3,617,000 in the previous year[45]. - The contribution from property investment and development business accounted for 98% of total revenue from continuing operations, compared to 94% in 2019[104]. Strategic Initiatives - The company plans to continue its market expansion efforts and invest in new product development[25]. - The company is focused on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[25]. - The company is taking proactive measures to mitigate unprecedented adverse impacts on its business due to ongoing economic and political uncertainties, as well as the long-term effects of the pandemic[127]. - The company is exploring partnerships to enhance its service offerings, targeting G% growth in collaborative projects[187]. Shareholder Information - The company declared a special dividend of HKD 19,983 thousand for the fiscal year 2019/2020[20]. - The interim dividend declared was HKD 0.01 per ordinary share, totaling HKD 19,983,000, unchanged from the previous year[69]. - As of September 30, 2020, the total equity held by the company's director Li Chong is 1,477,715,492 shares, representing 73.95% of the issued shares[134]. - Hennessy Holdings Limited holds 1,477,715,492 ordinary shares, representing approximately 73.95% of the company's issued shares[156]. Governance and Compliance - The company has committed to high-quality corporate governance practices to enhance investor confidence[176]. - The board believes that the company has complied with the corporate governance code during the reporting period[176]. - The company has established an audit committee to review accounting principles and financial reporting matters[179]. Employee and Operational Metrics - The company has recorded a decrease in employee costs, reflecting its ongoing efforts to optimize operational efficiency[126]. - As of September 30, 2020, the number of employees increased to 41 from 39 in the previous year, with employee costs amounting to HKD 10,000,000 compared to HKD 11,000,000 in 2019[126].

Financial Performance - The company recorded a consolidated profit attributable to shareholders of approximately HKD 425 million for the fiscal year ending March 31, 2020, compared to HKD 11 million for the previous year[8]. - Revenue from property investment and development contributed 96% to the total income from continuing operations, up from 91% in the previous year[13]. - The company reduced its other operating expenses from HKD 54 million in the previous year to HKD 38 million, primarily due to a decrease in foreign exchange losses[13]. - The company reported a total asset value of HKD 11,200,000,000 as of March 31, 2020, down from HKD 11,800,000,000 in 2019, representing a decrease of approximately 5.1%[25]. - The company recorded a net loss of HKD 2,000,000 in its financial and securities investment business for the year, compared to a profit of HKD 5,000,000 in 2019, indicating a significant decline[23]. - The company’s total liabilities decreased to HKD 589,000,000 as of March 31, 2020, from HKD 842,000,000 in 2019, a reduction of approximately 30%[25]. - The company’s cash and cash equivalents decreased to HKD 135,000,000 from HKD 507,000,000 in 2019, a decline of approximately 73.4%[25]. - The company’s capital debt ratio was 4.7% as of March 31, 2020, down from 6.7% in 2019, reflecting improved financial stability[26]. Investments and Acquisitions - The company completed the sale of minority interests in Aquamarina Hotel and Marina Centre, generating approximately SGD 774 million (about HKD 4.5 billion) in cash[4]. - The company’s stake in Gemdale Properties Group increased from approximately 14.8% to about 23.8% as of March 31, 2020, enhancing its presence in the Chinese real estate market[5]. - OUE Group completed the acquisition of multiple plots of land in South Jakarta, Indonesia, for a total cost of IDR 1,316,000,000,000 (approximately HKD 720,000,000) in June 2020[16]. - OUE Group provided a loan of USD 35,000,000 (approximately HKD 271,000,000) to LAAPL in May 2020 to seize strategic investment opportunities[20]. Dividends and Shareholder Returns - The board proposed a final cash dividend of HKD 0.01 per share and a special dividend of HKD 0.01 per share, totaling HKD 0.03 per share for the fiscal year[8]. - The company proposed a final dividend of HKD 0.01 per share, totaling approximately HKD 20,000,000, consistent with the previous year[33]. Corporate Governance - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, confirming their independent status[42]. - The board of directors includes a mix of executive and non-executive members, with terms of appointment ranging from two to three years[41]. - The company has established a compensation insurance policy for its directors and senior management to cover potential liabilities arising from business operations[42]. - The company has a diverse board with members possessing legal, financial, and management expertise, enhancing governance and oversight[45][46]. - The company is committed to maintaining compliance with the Hong Kong Stock Exchange's listing rules regarding director independence[42]. - The board structure requires one-third of directors to retire annually, ensuring regular refreshment and accountability[41]. - The company has a robust framework for director appointments and re-elections, promoting transparency and shareholder engagement[41]. - The company has been proactive in its governance practices, including the establishment of various committees for audit, remuneration, and nominations[45]. Risk Management - The group has integrated ESG risks into its risk management framework for the fiscal year ending March 31, 2020, reflecting the increasing importance of these risks[125]. - The risk management framework is based on ISO 31000 and COSO frameworks, consisting of three key components: risk management strategy, governance structure, and risk management processes[125]. - The board has established a risk appetite and effective governance culture to oversee risk management and internal control systems[129]. - The group has identified significant risks in various business areas for the year, including credit risk due to counterparty defaults and operational risks related to the COVID-19 outbreak[136]. - The group has implemented measures such as establishing credit risk management functions and ensuring a clean working environment to mitigate identified risks[136]. Employee Welfare and Development - The company has established a robust employment system to maintain a pool of excellent employees, focusing on a motivating and safe work environment[151]. - The company promotes diversity and equal opportunities for all employees, regardless of various personal characteristics[152]. - The compensation scheme includes various benefits such as paid marriage leave, sick leave, and medical insurance to improve employee welfare[153]. - The company supports employee development through various learning opportunities and conducts annual performance evaluations to identify development needs[156]. - The group provided a series of internal and external training opportunities for employees, including risk management workshops and continuous professional education in financial accounting standards[157]. Environmental and Social Responsibility - The total greenhouse gas emissions for the year amounted to 112.6 tons of CO2 equivalent, with a density of 0.30 tons of CO2 equivalent per square meter of floor area[169]. - The company aims to continuously reduce energy and natural resource consumption while utilizing environmentally friendly products and services[177]. - The total emissions for Scope 1, Scope 2, and Scope 3 decreased from 144.8 tons of CO2 equivalent in the previous year to 112.6 tons in the current year, indicating a reduction of approximately 22.2%[180]. - The company has implemented measures such as automatic lighting control systems and energy-efficient equipment to manage and reduce energy consumption[170]. - The group has a clear product and service responsibility policy to ensure safety, quality, and customer data protection[161].

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 36,387,000, a decrease of 4.4% compared to HKD 38,079,000 in 2018[6] - Total profit for the period was HKD 268,713,000, a significant recovery from a loss of HKD 126,403,000 in the same period last year[6] - Basic and diluted earnings per share for the period were HKD 13.5, compared to a loss per share of HKD 6.3 in 2018[6] - The company reported a net loss of HKD (73,145) thousand for the period, compared to a profit of HKD 268,713 thousand in the previous period[15] - The total comprehensive income for the period was HKD 143,653 thousand, a decrease from HKD 269,297 thousand in the previous period[15] - The group recorded a consolidated profit attributable to shareholders of approximately HKD 269 million, compared to a consolidated loss of HKD 126 million for the six months ended September 30, 2018[96] - Revenue from continuing operations was HKD 36 million, a slight decrease from HKD 38 million in 2018, with property investment and development contributing 94% of total revenue[96] Cash Flow and Financial Position - The company reported a net cash position of HKD 182,636,000 as of September 30, 2019, down from HKD 506,525,000 at the end of March 2019[10] - The net cash flow used in operating activities for the six months ended September 30, 2019, was HKD (43,571) thousand, compared to HKD (3,045) thousand in the same period of 2018[18] - The cash and cash equivalents at the end of the period were HKD 182,636 thousand, down from HKD 467,274 thousand at the end of the previous period[18] - The company incurred a foreign exchange loss of HKD (15,573) thousand related to overseas operations[15] - The company reported a decrease in cash flow from financing activities, totaling HKD (277,258) thousand compared to HKD (12,845) thousand in the previous period[18] - As of September 30, 2019, total assets amounted to HKD 11,422,602,000, a decrease from HKD 11,786,366,000 as of March 31, 2019[53] - Total liabilities as of September 30, 2019, were HKD 568,414,000, down from HKD 842,148,000 as of March 31, 2019[53] Investments and Assets - Non-current assets totaled HKD 10,854,188,000, a slight decrease from HKD 10,944,218,000 as of March 31, 2019[12] - The company recognized a fair value loss of HKD 4,376,000 on financial instruments measured at fair value through profit or loss[6] - The company’s share of profits from associates was HKD 264,411,000, a recovery from a loss of HKD 112,244,000 in the previous year[6] - The company’s equity in joint ventures as of September 30, 2019, was approximately HKD 10,228,326,000, slightly down from HKD 10,257,605,000 as of March 31, 2019[60] - The company has a call option to sell its remaining 20% stake in a joint venture with Macau Chinese Bank, exercisable within five years from November 3, 2017[80] Segment Performance - The property investment segment reported a profit of HKD 22,156 million, while the property development segment incurred a loss of HKD 3,589 million, indicating a significant performance disparity among segments[50] - The financial investment segment generated a profit of HKD 996 million, contributing positively to the overall earnings[50] - The group’s share of profits from joint ventures for the six months ended September 30, 2019, was HKD 265,571,000, a significant increase from a loss of HKD 112,843,000 in 2018[60] - The company reported a decrease in property sales revenue to HKD 0 for the six months ended September 30, 2019, compared to HKD 5,841,000 in 2018[55] - The total income from property rental for the six months ended September 30, 2019, was HKD 31,726,000, up from HKD 3,381,000 in 2018[55] Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting matters[147] - The board is committed to high-quality corporate governance practices to enhance investor confidence[146] - The company has complied with the corporate governance code as per the listing rules during the reporting period[146] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[142] Future Outlook and Strategy - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming periods[5] - The group aims to implement business strategies to integrate its asset portfolio and enhance stability amid global economic and political uncertainties[112] - The company is exploring potential acquisitions to strengthen its market position, with a focus on tech startups[156] - A new marketing strategy is expected to increase brand awareness by 15% in the upcoming quarters[156] Shareholder Information - The company’s issued and fully paid ordinary shares remained at 1,998,280,097 shares as of September 30, 2019[71] - The company declared an interim dividend of HKD 0.01 per share, consistent with the previous year[68] - The company’s distributable reserves increased to HKD 7,791,163,000 as of September 30, 2019, up from HKD 7,245,686,000 as of March 31, 2019[73] - The company has no significant contingent liabilities as of September 30, 2019[76]

Financial Performance - The company recorded a consolidated profit attributable to shareholders of approximately HKD 11 million for the year, a significant decrease from HKD 327 million in 2018, which included a non-recurring gain of HKD 114 million from the sale of a joint venture interest[7]. - The decrease in profit was primarily due to a reduction in fair value gains from investment properties and an unrealized exchange loss of approximately HKD 101 million from a joint venture, compared to a profit of HKD 177 million in 2018[12]. - The revenue from continuing operations decreased to HKD 71 million in the current year, down from HKD 101 million in 2018, primarily due to a reduction in property sales[13]. - Other operating expenses from continuing operations increased to HKD 54 million, up from HKD 20 million in 2018, mainly due to a foreign exchange loss of HKD 12 million compared to a gain of HKD 14 million in 2018[14]. - The group recorded a loss of HKD 112 million from its investment in LAAPL, a significant decline from a profit of HKD 159 million in 2018, primarily due to unrealized exchange losses and reduced fair value gains on investment properties[24]. - Revenue from joint ventures and associates decreased to HKD 6 million, down from HKD 40 million in 2018, while profit from these investments fell to HKD 2 million from HKD 24 million[25]. - The financial and securities investment segment reported a net profit of HKD 5 million, an increase from HKD 1 million in the previous year, with total revenue rising to HKD 5 million from HKD 2 million[26]. - The group's share of profits from Macau Chinese Bank decreased to HKD 8 million from HKD 19 million in 2018, attributed to a reduction in equity following the sale of a 31% stake[27]. - Total assets as of March 31, 2019, were HKD 11.8 billion, down from HKD 12.3 billion in 2018, with property-related assets accounting for 94% of total assets[29]. - The group's total liabilities decreased to HKD 800 million from HKD 1 billion in 2018, while cash and bank balances fell to HKD 507 million from HKD 545 million[29]. - The capital debt ratio increased to 6.7% from 4.3% in the previous year, with bank loans amounting to HKD 737 million, up from HKD 482 million[30]. Dividends and Shareholder Returns - The company plans to distribute a final cash dividend of HKD 0.01 per share, bringing the total dividend for the year to HKD 0.02 per share[7]. - The total dividend for the year will be HKD 0.02 per share, amounting to approximately HKD 40,000,000, consistent with the previous year[38]. - The interim dividend of HKD 0.01 per share was paid in January 2019, with the same amount proposed for the final dividend[38]. Acquisitions and Investments - The company completed the sale of Lippo Securities Holdings Limited for a consideration of HKD 348.7 million during the year[4]. - The company has signed a conditional agreement to acquire multiple plots of land in South Jakarta, Indonesia, for the development of a 57-story mixed-use building[5]. - The company completed the acquisition of Bowsprit Capital Corporation Limited, which manages assets totaling approximately SGD 8 billion (about HKD 46 billion)[5]. - The company has completed the acquisition of interests in two companies in Myanmar, which operate three hospitals, one medical center, and two clinics[6]. - The group completed the sale of minority interests in Aquamarina Hotel Private Limited and Marina Centre Holdings Private Limited for a total consideration of SGD 390 million (approximately HKD 2.26 billion)[20]. Corporate Governance - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, affirming their status as independent individuals[47]. - The company’s board of directors includes both executive and independent non-executive members, with specific terms of appointment outlined[45][46]. - The company has established a compensation insurance policy for its directors and senior management to cover potential liabilities arising from business operations[47]. - The company has independent non-executive directors with extensive experience in finance and accounting, contributing to governance and oversight[52]. - The company has established various committees, including audit, remuneration, and nomination committees, to enhance corporate governance[53]. - The company’s governance structure includes a clear delineation of roles and responsibilities among its board members[53]. - The company’s governance report indicates that all directors are required to retire at least once every three years, promoting board refreshment[105]. - The nomination policy adopted in January 2019 outlines the criteria and procedures for the nomination, appointment, and re-election of directors[112]. - The board members can seek independent advice from legal and other professionals as needed, with costs covered by the group[101]. - The company emphasizes the importance of board diversity in achieving strategic goals and sustainable development[114]. Risk Management - The group has identified various risks and uncertainties that may impact its financial condition and operational performance[87]. - The company has established a risk management framework that includes regular reporting on risk management progress and significant risks, ensuring effective oversight by the board[154]. - The company has implemented a business continuity plan to address risks from natural disasters, including extreme weather events, to maintain operations and protect critical data[151]. - The company has set up a compliance function to monitor adherence to legal and regulatory requirements, reducing the risk of legal penalties and reputational damage[152]. - The group identified major risks across various business sectors through a structured risk review process[146]. - Risks are categorized into four main types: strategic, operational, financial, and compliance-related risks[147][148]. - The group has revised its risk management manual to improve clarity and reflect changes from the past year[145]. - The company has integrated ESG risks into its risk management framework, which is based on ISO 31000:2009 and COSO ERM frameworks[134]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to enhancing its environmental, social, and governance (ESG) management strategies to better address sustainability risks and opportunities[160]. - The company has conducted workshops across three locations to train employees on identifying and assessing risk areas, promoting a culture of risk awareness[160]. - The total greenhouse gas emissions for the year were 144.8 tons of CO2 equivalent, a reduction of 58.5% compared to the previous year[186]. - The company has implemented measures to reduce waste, including the use of electronic communications and double-sided printing[192]. - The company has not encountered any significant environmental regulations or violations during the fiscal year[195]. - The company remains committed to community investment projects and leveraging its expertise for social development[197]. - The company has established effective systems and controls to prevent child labor and forced labor in its operations[184]. - The company has implemented policies to manage energy, water, and waste efficiently and responsibly[187]. - The company continues to seek methods to manage energy consumption and water usage to minimize its environmental impact[195]. Employee and Stakeholder Engagement - The company aims to create a motivating, fair, harmonious, and safe work environment as part of its human resources policy[180]. - The company provides competitive compensation and benefits beyond statutory requirements, including paid marriage leave, sick leave, and medical insurance[182]. - The company emphasizes open communication channels for employees to raise concerns confidentially[183]. - The company aims to strengthen stakeholder engagement through various communication methods[168].