Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 141,050,000, an increase of 3.0% from HKD 136,299,000 in the same period of 2023[5] - Gross profit for the same period was HKD 118,247,000, up from HKD 114,211,000, reflecting a gross margin improvement[5] - Net profit for the six months ended June 30, 2024, was HKD 159,075,000, compared to HKD 140,238,000 in 2023, representing a growth of 13.4%[6] - Basic and diluted earnings per share increased to HKD 15.37 from HKD 13.68, marking a 12.4% rise[5] - The company reported a total comprehensive income of HKD 158,889,000 for the period, compared to HKD 140,238,000 in 2023, an increase of 13.3%[6] - For the six months ended June 30, 2024, the company reported a net profit of HKD 128,541,000, an increase from HKD 114,360,000 in the same period of 2023, representing a growth of approximately 12.1%[10] - The adjusted profit before tax for the period was HKD 167,012,000, compared to HKD 147,147,000 in the previous year, which is an increase of approximately 13.5%[15] - The group recorded a profit increase of approximately 14% to about HKD 159 million for the six months ended June 30, 2024, compared to HKD 140 million in 2023[56] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 12,708,096,000, compared to HKD 12,033,798,000 as of December 31, 2023, indicating a growth of 5.6%[8] - Non-current liabilities increased to HKD 2,663,473,000 from HKD 2,130,178,000, reflecting a significant rise of 25.0%[8] - The total equity as of June 30, 2024, increased to HKD 10,044,623,000 from HKD 9,695,997,000 as of January 1, 2024, reflecting a rise of about 3.6%[10] - The total amount of bank and other borrowings was approximately HKD 1,445 million, down from HKD 1,537 million as of December 31, 2023, with an asset-to-liability ratio of approximately 14%[59] Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2024, were HKD 435,891,000, down from HKD 452,539,000, a decrease of 3.7%[7] - The net cash inflow from operating activities for the six months ended June 30, 2024, was HKD 90,836,000, compared to HKD 79,278,000 in the prior year, indicating an increase of approximately 14.5%[11] - The company’s cash and cash equivalents at the end of June 30, 2024, stood at HKD 435,891,000, a decrease from HKD 342,844,000 at the end of June 30, 2023, reflecting a decline of about 27.1%[11] - The group’s cash and bank balances in mainland China amounted to approximately HKD 47,539,000 as of June 30, 2024, an increase from HKD 20,415,000 as of December 31, 2023[31] Revenue Streams - The company reported total revenue from external customers of HKD 141,050,000 for the six months ended June 30, 2024, up from HKD 136,299,000 in the same period of 2023, marking a growth of about 3.9%[16] - The company’s investment property rental income for the six months ended June 30, 2024, was HKD 97,506,000, down from HKD 102,219,000 in the previous year, representing a decrease of approximately 4.2%[16] - Revenue from property management services decreased to HKD 16,313,000 in the first half of 2024, down 7.2% from HKD 17,575,000 in 2023[19] - Rental income for the period was HKD 97,506,000, a decrease from HKD 102,219,000 in the previous year[40] - Rental and property management fee income decreased by approximately 5% to about HKD 114 million, with rental income from Hong Kong at approximately HKD 36 million and from Shanghai at approximately HKD 77 million, down about 6%[56] Employee and Operational Expenses - Total employee expenses were HKD 16,130,000, slightly down from HKD 16,291,000 in 2023[21] - The group employed approximately 200 employees across Shanghai, Zhuhai, Hong Kong, and Malaysia, with employee expenses totaling HKD 14,000,000, unchanged from the previous year[63] Market and Economic Conditions - The global economy is expected to face challenges in the second half of 2024 due to ongoing economic slowdown, geopolitical conflicts, and high interest rates, leading to low investment sentiment[64] - The demand for office leasing in Hong Kong remains weak, while the residential leasing market is thriving, with stable rental income anticipated from Shanghai in 2024[65] - Malaysia's relaxation of visa regulations for Chinese tourists and broader investment incentives are expected to boost the tourism and commercial investment sectors, benefiting the real estate industry[65] - The performance of listed equity investments has been adversely affected by investor sentiment and market volatility, with ongoing risks and uncertainties anticipated in the Hong Kong stock market[66] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange Listing Rules Appendix C1 and has complied with its principles[77] - All directors confirmed compliance with the standard code of conduct for securities trading as per Listing Rules Appendix C3 for the six months ending June 30, 2024[78] - The audit committee has reviewed the accounting principles and practices adopted by the group, including discussions on internal controls and financial reporting for the six months ending June 30, 2024[76] Future Plans and Developments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] - The group has proposed a planning adjustment to expedite the relocation of residents on commercial land in Zhuhai, currently awaiting government feedback[50] - The group is involved in ongoing legal proceedings regarding compensation for land recovery in Zhuhai, with no consensus reached yet on the compensation amount[51] Shareholder Information - As of June 30, 2024, major shareholders include Power Resources Holdings Limited with 66.91% and Lucky Speculator Limited with 52.52% of the issued shares[72] - The company will suspend share transfer registration from September 25 to September 27, 2024, with interim dividends to be distributed on October 24, 2024[74]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 141,050,000, representing an increase from HKD 136,299,000 in the same period of 2023, a growth of approximately 3.5%[1] - Gross profit for the same period was HKD 118,247,000, up from HKD 114,211,000 in 2023, reflecting a gross margin improvement[1] - Net profit for the six months ended June 30, 2024, was HKD 159,075,000, compared to HKD 140,238,000 in 2023, indicating a year-on-year increase of about 13.4%[2] - Basic and diluted earnings per share for the period were HKD 15.37, an increase from HKD 13.68 in the previous year, representing a growth of approximately 12.4%[2] - Total comprehensive income for the six months was HKD 158,889,000, compared to HKD 140,238,000 in 2023, showing a significant increase[3] - The company's pre-tax profit for the six months ended June 30, 2024, was HKD 167,012,000, compared to HKD 147,147,000 in 2023, indicating an increase of about 13.5%[17] - The group recorded a profit increase of approximately 14% to about HKD 159 million for the six months ended June 30, 2024, compared to HKD 140 million in 2023[34] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 11,395,254,000, slightly down from HKD 11,396,026,000 at the end of 2023[4] - Current assets increased to HKD 1,890,556,000 from HKD 1,812,778,000, indicating a growth in liquidity[4] - Current liabilities decreased significantly to HKD 577,714,000 from HKD 1,175,006,000, improving the company's financial position[4] - Total equity increased to HKD 10,044,623,000 from HKD 9,903,620,000, reflecting a solid growth in shareholder value[6] - Non-current liabilities rose to HKD 2,663,473,000 from HKD 2,130,178,000, primarily due to increased bank borrowings[5] - Trade receivables as of June 30, 2024, were HKD 4,219,000, compared to HKD 3,537,000 as of December 31, 2023, indicating an increase of approximately 19.4%[23] - Trade payables as of June 30, 2024, were HKD 788,000, a decrease from HKD 1,751,000 as of December 31, 2023, representing a decline of approximately 55.1%[25] Income Sources - Revenue from external customers for property management services was HKD 16,313,000, down from HKD 17,575,000 in 2023, reflecting a decrease of about 7.2%[14] - Interest income from bank deposits decreased to HKD 5,180,000 from HKD 10,523,000, a decline of approximately 50.8%[16] - Revenue from listed equity investments increased significantly to HKD 27,231,000 from HKD 16,505,000, marking a growth of about 64.9%[13] - The company’s total other income rose to HKD 11,698,000 from HKD 14,667,000, showing a decrease of approximately 20.0%[16] - Rental and property management fee income decreased by approximately 5% to about HKD 114 million, down from HKD 120 million in the previous year[34] - Rental income from Hong Kong was approximately HKD 36 million, while rental and management fee income from Shanghai's serviced apartments and villas decreased by about 6% to approximately HKD 77 million[34] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.02 per share, consistent with the previous year, amounting to HKD 16,721,000[21] - The basic earnings per share attributable to ordinary equity holders for the period amounted to approximately HKD 128,541,000, compared to HKD 114,360,000 in 2023, with a weighted average of 836,074,218 ordinary shares issued[22] - The group’s dividend income from equity investments increased to approximately HKD 27 million, compared to HKD 17 million in the previous year[34] Operational Insights - The investment properties in Hong Kong generated stable rental income of approximately HKD 36,000,000 for the six months ended June 30, 2024, compared to HKD 37,000,000 in 2023[27] - The properties in Shanghai achieved an average occupancy rate of approximately 87% and generated rental and management fee income of about HKD 77,000,000, down from HKD 82,000,000 in 2023[28] - The management anticipates stable rental income from Shanghai in 2024, despite weak demand for office leasing in Hong Kong[42] - The group is actively seeking opportunities to acquire quality real estate and land reserves in Malaysia to diversify its real estate investment and development portfolio[42] Risks and Future Outlook - The group faced foreign exchange risks primarily related to the Renminbi, which could impact performance, and management will monitor these fluctuations closely[36] - The performance of listed equity investments has been adversely affected by investor sentiment and market volatility, with ongoing risks and uncertainties expected in the Hong Kong stock market[43] - The global economy is expected to face challenges in the second half of 2024 due to ongoing geopolitical conflicts and a high-interest rate environment[41] Legal and Administrative Matters - The company is awaiting government feedback on a proposal to expedite the relocation process for a commercial site in Zhuhai, which is currently hindered by slow progress[29] - The company is involved in an ongoing administrative litigation regarding compensation for land in Zhuhai, with the compensation amounting to approximately RMB 205,538,000, but does not expect significant negative impacts on its operations or financial status[30] Miscellaneous - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the six-month period ended June 30, 2024[35] - There were no significant contingent liabilities as of June 30, 2024[38] - No major events have occurred post-June 30, 2024, that could significantly impact the group's operations and financial performance[44]

| --- | --- | --- | --- | |-----------------------------------------------------------|--------------|------------------------------|---------------------------------------------------------------| | | 附註 | 二零二三年 千港元 | 綜合財務狀況報表 二零二三年十二月三十一日 \n二零二二年 千港元 | | 非流動負債 計息銀行貸款 應付一名董事款項 遞延稅項負債 | 26 27 28 | 660,000 50,177 1,420,001 | – 266,580 1,375,963 | | 非流動負債總值 | | 2,130,178 | 1,642,543 | | 資產淨值 | | 9,903,620 | 9,695,997 | 權益總額 年報 2023 (b) 本集團的匯兌變動儲備包括因換算海外業務之匯兌差額。 38 39 萬事昌國際控股有限公司（「本公司」）為一間於百慕達註冊成立之有限公司。本公司之註冊 ...

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 283,671,000, an increase of 3.5% from HKD 273,713,000 in 2022[2] - Gross profit for the same period was HKD 235,457,000, compared to HKD 230,797,000 in the previous year, reflecting a slight increase[2] - Profit before tax decreased to HKD 332,203,000, down 28.4% from HKD 464,146,000 in 2022[2] - Net profit for the year was HKD 248,907,000, a decline of 32.9% from HKD 371,261,000 in the prior year[2] - Earnings per share for the year was HKD 21.44, down from HKD 31.59 in 2022, representing a decrease of 32.1%[2] - The total comprehensive income for the year was HKD 243,006,000, compared to a loss of HKD 117,052,000 in 2022[38] Revenue Sources - The company plans to continue expanding its service offerings in property management and serviced apartments, which contributed HKD 202,192,000 in revenue[51] - Revenue from external customers in Hong Kong increased to HKD 121,991 thousand from HKD 108,208 thousand, a growth of about 12.9%[79] - Revenue from external customers in Mainland China decreased to HKD 161,680 thousand from HKD 165,505 thousand, a decline of approximately 2.2%[79] - Revenue from serviced apartments and property management services was HKD 34,500,000 in 2023, down from HKD 36,682,000 in 2022, a decrease of about 6%[91] - Rental income from leased properties was HKD 202,192,000 in 2023, slightly up from HKD 201,945,000 in 2022, indicating a growth of approximately 0.12%[92] - Dividend income from listed equity investments increased to HKD 46,824,000 in 2023 from HKD 35,086,000 in 2022, a growth of about 33.6%[92] Assets and Liabilities - The total equity attributable to shareholders increased to HKD 8,016,431,000 from HKD 7,882,112,000 in the previous year[40] - Total non-current assets rose to HKD 11,396,026 thousand from HKD 11,279,062 thousand, representing an increase of about 1.04%[59] - Cash and cash equivalents decreased to HKD 452,539 thousand from HKD 571,242 thousand, a decline of approximately 20.8%[59] - The total liabilities decreased to HKD 3,305,184 thousand from HKD 3,446,642 thousand, showing a reduction of about 4.1%[87] - The net current assets increased significantly to HKD 637,772 thousand from HKD 59,478 thousand, indicating a substantial improvement[59] - The equity attributable to non-controlling interests increased to HKD 1,845,385 thousand from HKD 1,772,081 thousand, reflecting a growth of about 4.1%[60] Investment and Fair Value - The fair value change of investment properties amounted to HKD 141,400 thousand, compared to HKD 391,636 thousand in the previous year, indicating a significant decrease[52] - The net change in fair value of investment properties was HKD 141,400,000 in 2023, significantly lower than HKD 391,636,000 in 2022, reflecting a decrease of approximately 64%[92] - The group recorded a fair value net gain of approximately HKD 43,000,000 from equity investments in 2023, compared to a loss of HKD 56,000,000 in 2022[152] Costs and Expenses - Financing costs increased to HKD 79,983 thousand from HKD 37,350 thousand, reflecting a rise of approximately 114%[53] - The pre-tax profit for 2023 was impacted by employee benefits expenses totaling HKD 32,495,000, compared to HKD 30,595,000 in 2022, an increase of about 6.2%[105] - The total tax expense for the year amounted to HKD 83,296,000, a decrease from HKD 92,885,000 in the previous year[140] Government Support and Legal Matters - The group recognized government subsidies related to COVID-19 amounting to HKD 397,000,000, all associated with the Hong Kong government's employment support scheme[95] - The group is currently involved in legal proceedings regarding compensation for land recovery in Zhuhai, which is expected not to significantly impact its operations[151] Other Financial Metrics - The group received tax refunds of approximately HKD 8,721,000 in 2023, up from HKD 6,389,000 in 2022, representing a growth of about 36.4%[104] - Interest income from bank deposits rose to HKD 16,820,000 in 2023 from HKD 9,203,000 in 2022, marking an increase of approximately 82%[107] - The proposed final dividend for 2023 is HKD 16,721,000, consistent with the previous year[141] - The group has not issued any potential dilutive ordinary shares as of the end of the reporting period[134] Liquidity and Investments - As of December 31, 2023, the group held high liquidity equity investments amounting to approximately HKD 803 million, an increase from HKD 761 million as of December 31, 2022, representing a growth of 5.5%[159] - The group has not held any collateral or implemented other credit enhancement measures for its trade receivables[135] - Trade receivables decreased significantly to HKD 3,537,000 in 2023 from HKD 9,915,000 in 2022[135] Future Developments - The group is currently awaiting feedback and approval from multiple government departments regarding a proposed land use adjustment for residential development in the Zhuhai Qianshan project to expedite relocation progress[177]

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 136,299,000, a slight increase of 1.3% compared to HKD 134,601,000 in the same period of 2022[9] - Gross profit for the same period was HKD 114,211,000, compared to HKD 113,805,000 in 2022, reflecting a marginal increase[9] - The company achieved a profit before tax of HKD 147,147,000, representing a significant increase of 30% from HKD 113,262,000 in the previous year[9] - Net profit for the period was HKD 140,238,000, up 31.5% from HKD 106,611,000 in 2022[9] - Basic and diluted earnings per share increased to HKD 0.1368 from HKD 0.1056, marking a growth of 29.9%[9] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 11,279,081,000, slightly up from HKD 11,279,062,000 at the end of 2022[13] - Non-current liabilities decreased to HKD 1,399,398,000 from HKD 1,642,543,000, showing a reduction of approximately 14.8%[16] - The company’s total equity increased to HKD 9,818,349,000 from HKD 9,695,997,000, reflecting a growth of 1.3%[16] - The total equity attributable to shareholders increased to HKD 9,818,349,000 as of June 30, 2023, up from HKD 9,937,155,000 at the beginning of the year[18] Cash Flow - For the six months ended June 30, 2023, the net cash inflow from operating activities was HKD 79,278,000, a decrease of 20.3% compared to HKD 99,417,000 for the same period in 2022[21] - The net cash outflow from investing activities was HKD 9,043,000, compared to a net outflow of HKD 17,181,000 in the previous year, indicating an improvement in investment cash flow[21] - The net cash outflow from financing activities was HKD 316,715,000, a significant change from a net inflow of HKD 256,817,000 in the prior year, reflecting increased financing costs[21] - The total cash and cash equivalents at the end of the period decreased to HKD 342,844,000 from HKD 801,440,000, representing a decline of 57.3%[21] Revenue Sources - Revenue from external customers for property investment and management services was HKD 102,219,000, while trading and investment revenue was HKD 16,505,000, contributing to a total revenue of HKD 136,299,000[28] - Rental income from leased properties was HKD 102,219,000, down 2.7% from HKD 104,986,000 in the previous year[30] - Dividend income from listed equity investments increased significantly to HKD 16,505,000, up 70.5% from HKD 9,695,000 in 2022[30] Employee Expenses - Total employee benefits expenses rose to HKD 16,291,000, a substantial increase of 127.5% compared to HKD 7,158,000 in the prior year[33] - Employee expenses for the period were approximately HKD 14 million, an increase from HKD 7 million in the previous year[93] Investments and Financing - The group held high liquidity equity investments of approximately HKD 839,000,000 as of June 30, 2023, an increase from HKD 761,000,000 as of December 31, 2022[76] - The total bank loans guaranteed by the company amounted to approximately HKD 1,250,000,000 as of June 30, 2023, down from HKD 2,078,000,000 as of December 31, 2022[62] - The group's total bank loans as of June 30, 2023, were HKD 1,480,647,000, a slight decrease from HKD 1,498,600,000 as of December 31, 2022[51] Market Conditions - The office rental market in Hong Kong continues to face challenges, with the highest vacancy rates in decades and many international companies freezing or reducing operations[95] - The economic recovery in Hong Kong and mainland China is progressing slowly, and the short to medium-term economic outlook should be approached with caution[94] - Global financial markets are expected to remain volatile in 2023 due to economic and geopolitical uncertainties[96] Corporate Governance - The audit committee reviewed the group's accounting principles and internal controls for the six months ending June 30, 2023[110] - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules during the reporting period[111] - All directors confirmed compliance with the standard code of conduct for securities trading during the six months ending June 30, 2023[115] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] - The management expects stable rental income from serviced apartments and villas in Shanghai for the second half of the year[95] - The group aims to ensure the sustainability and competitiveness of its core business while seizing investment opportunities to create value for shareholders[97]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 MULTIFIELD INTERNATIONAL HOLDINGS LIMITED 萬 事 昌 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：898） 截至二零二三年六月三十日止六個月之中期業績 中期業績 萬事昌國際控股有限公司（「本公司」）董事會（「董事會」）宣布，本公司及其附屬公 司（「本集團」）截至二零二三年六月三十日止六個月之未經審核中期業績，連同比 較數字載述如下： 簡明綜合損益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 收入 3 136,299 134,601 銷售成本 (22,088) (20,796) ...

Financial Performance - The company reported a net profit decline of over 24% to approximately HKD 371 million for the year ended December 31, 2022, compared to HKD 489 million in 2021[54]. - The group's revenue for the year ended December 31, 2022, was HKD 273.713 million, an increase from HKD 268.262 million in 2021, representing a growth of approximately 1.7%[122]. - The gross profit for the same period was HKD 230.797 million, compared to HKD 216.168 million in 2021, reflecting a growth of about 6.8%[122]. - The profit before tax for the year was HKD 464.146 million, down from HKD 611.235 million in 2021, indicating a decline of about 24.1%[122]. - The net profit for the year was HKD 371.261 million, compared to HKD 489.644 million in 2021, representing a decrease of approximately 24.1%[122]. - The group reported other income and gains of HKD 308.999 million, a significant decrease from HKD 452.512 million in 2021, reflecting a decline of approximately 31.7%[122]. - The financing costs increased to HKD 37.350 million from HKD 16.955 million in 2021, marking an increase of about 120.5%[122]. Assets and Liabilities - The company's cash and cash equivalents were approximately HKD 571 million as of December 31, 2022, compared to HKD 462 million at the end of 2021[64]. - Total bank and other borrowings amounted to approximately HKD 1,499 million as of December 31, 2022, compared to HKD 1,487 million in 2021[64]. - The asset-liability ratio was approximately 13% as of December 31, 2022, unchanged from the previous year[64]. - As of December 31, 2022, total assets amounted to HKD 13,142,639, a decrease from HKD 13,337,239 in 2021, representing a decline of approximately 1.5%[126]. - Total liabilities as of December 31, 2022, were HKD 3,446,642, down from HKD 3,483,850 in 2021, indicating a reduction of about 1.1%[126]. - The company's non-controlling interests stood at HKD 1,772,081 as of December 31, 2022, slightly decreasing from HKD 1,777,781 in 2021[126]. - The available reserves for cash or physical distribution as of December 31, 2022, were approximately HKD 878,894,000[138]. Investments and Property Management - Rental and property management fee income increased by approximately 0.3% to about HKD 239 million in 2022, with rental income from Hong Kong rising about 2% to approximately HKD 72 million[54]. - The fair value gain from investment properties decreased by about 5% to approximately HKD 392 million in 2022, down from HKD 413 million in 2021[55]. - The investment properties in Hong Kong generated stable rental income of approximately HKD 72 million in 2022, unchanged from 2021[163]. - The properties in Shanghai achieved an average occupancy rate of about 88% and generated rental and management fee income of approximately HKD 166 million in 2022, also unchanged from 2021[164]. - The group recorded a fair value net loss of approximately HKD 56 million on equity investments in 2022, compared to a loss of HKD 53 million in 2021, while dividend income increased to approximately HKD 35 million from HKD 30 million[171]. Strategic Outlook and Development Plans - The group is taking a cautious approach to financial performance assessment for 2023 due to weak demand for local office and factory units, and rising financing costs expected to further weaken profitability[72]. - The group is exploring various development plans for over 1.1 million square feet of land reserves in Malaysia and considering expanding operations in Malaysia and other Southeast Asian countries[72]. - The performance of the group's listed equity investments is highly correlated with financial market performance, which is expected to remain volatile in 2023 due to global economic and geopolitical uncertainties[73]. - The group is actively pursuing strategies for market expansion and new product development, although specific details were not disclosed in the report[162]. Corporate Governance and Compliance - The company has maintained good communication and relationships with business partners, with no major disputes reported during the year[128]. - There were no significant legal or regulatory violations affecting the company's operations during the review year[127]. - The company has a board composed of two executive directors and three independent non-executive directors, ensuring compliance with listing rules[191]. - The independent non-executive directors account for more than one-third of the total board members, meeting regulatory requirements[191]. - The company provides directors and senior management with liability insurance, which is reviewed annually[192]. - The company has evaluated the independence of its independent non-executive director, who has served for over 12 years, and found no impact on his independence[192]. - The group is focused on ensuring compliance with regulatory requirements regarding shareholdings and interests of directors and major shareholders[176]. Dividends and Shareholder Information - The group plans to propose a final dividend of HKD 0.02 per ordinary share at the upcoming annual general meeting[74]. - The proposed final dividend is HKD 0.02 per ordinary share, down from HKD 0.025 per share in 2021[119]. - Power Resources Holdings Limited holds 66.91% of the company's issued share capital, with 559,411,142 shares[177]. - Lucky Speculator Limited and Desert Prince Limited hold 52.52% and 14.39% of the company's issued share capital, respectively[177].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生 或因依賴該等內容而引致之任何損失承擔任何責任。 MULTIFIELD INTERNATIONAL HOLDINGS LIMITED 萬 事 昌 國 際 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：898） 截至二零二二年十二月三十一日止年度之全年業績 綜合損益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 3 273,713 268,262 銷售成本 (42,916) (52,094) 毛利 230,797 216,168 其他收入及收益 3 21,727 19,773 物業、廠房及設備減值撥回 – 60,334 外幣匯兌差額，淨額 (48,834) 13,000 於收益表處理之金融資產的公平值變動，淨額 (55,525) (53,453) 投資物業之公平值收益，淨額 391,636 413,329 出售投資物業之虧損 – (471) 經營及行政開支 (38,300) (40,49 ...

Financial Performance - The company reported revenue of HKD 134,601,000 for the six months ended June 30, 2022, representing an increase of 2% compared to HKD 131,546,000 for the same period in 2021[9]. - Gross profit for the same period was HKD 113,805,000, up from HKD 106,720,000, indicating a growth of approximately 6%[9]. - The net profit attributable to shareholders was HKD 88,249,000, a decrease of 19% from HKD 109,568,000 in the previous year[9]. - Basic and diluted earnings per share were HKD 10.56, down from HKD 13.11, reflecting a decline of about 19%[9]. - The adjusted profit before tax for the six months ended June 30, 2022, was HKD 113,262,000, down from HKD 138,906,000 in the same period of 2021, reflecting a decrease of 18.6%[38]. - The group reported a profit decline of approximately 20% to about HKD 107 million for the six months ended June 30, 2022, compared to HKD 133 million in the same period last year[113]. Revenue Sources - Revenue from property investment for the six months ended June 30, 2022, was HKD 104,986,000, an increase from HKD 97,919,000 in 2021, representing a growth of 7.3%[40]. - The profit from property investment for the six months ended June 30, 2022, was HKD 91,210,000, compared to HKD 79,973,000 in 2021, indicating an increase of 14.1%[40]. - Revenue from serviced apartments and property management services for the six months ended June 30, 2022, was HKD 19,920,000, up from HKD 18,219,000 in 2021, a growth of 9.3%[40]. - Rental income from leased properties rose to HKD 104,986,000 in the first half of 2022, compared to HKD 97,919,000 in 2021, marking an increase of 7.3%[44]. - Rental and property management fee income increased by approximately 7% to about HKD 124 million, with rental income from Hong Kong remaining stable at HKD 35 million and income from Shanghai properties rising by approximately 11% to HKD 89 million[113]. Cash Flow and Liquidity - For the six months ended June 30, 2022, the net cash inflow from operating activities was HKD 99,417,000, compared to HKD 93,634,000 for the same period in 2021, representing an increase of 4.0%[30]. - The net cash outflow from investing activities was HKD 17,181,000 for the six months ended June 30, 2022, compared to a net inflow of HKD 18,014,000 in 2021[30]. - The net cash inflow from financing activities was HKD 256,817,000 for the six months ended June 30, 2022, compared to a net outflow of HKD 171,866,000 in 2021[30]. - As of June 30, 2022, cash and cash equivalents totaled HKD 801,440,000, an increase from HKD 406,559,000 at the end of June 2021[30]. - Cash and cash equivalents were approximately HKD 801 million as of June 30, 2022, up from HKD 462 million at the end of 2021[119]. Assets and Liabilities - The total assets as of June 30, 2022, amounted to HKD 13,789,404,000, compared to HKD 13,524,059,000 as of December 31, 2021[15]. - The company’s total liabilities increased to HKD 3,852,249,000 from HKD 3,659,000,000, indicating a rise of about 5%[18]. - The group reported a total bank loans of HKD 1,777,000,000 as of June 30, 2022, up from HKD 1,487,000,000 as of December 31, 2021, representing a 19.5% increase[69]. - The company's short-term bank loans due within one year were HKD 627,900,000 as of June 30, 2022, compared to HKD 225,400,000 as of December 31, 2021, indicating a significant increase of 178%[69]. - The company's debt-to-asset ratio was approximately 15% as of June 30, 2022, compared to 13% at the end of 2021[119]. Shareholder Information - As of June 30, 2022, major shareholders include Power Resources Holdings Limited with 66.91% ownership, Lucky Speculator Limited with 52.52%, and Desert Prince Limited with 14.39%[135]. - The company’s issued and fully paid ordinary shares remained at 836,074,218 shares with a par value of HKD 0.05 as of June 30, 2022[74]. Corporate Governance - The audit committee reviewed the group's accounting principles and practices, discussing the unaudited interim results for the six months ended June 30, 2022[142]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange Listing Rules during the six months ended June 30, 2022[143]. - The company plans to propose amendments to its articles of association to ensure compliance with the corporate governance code[144]. - All directors confirmed compliance with the standard code of conduct for securities transactions during the six months ended June 30, 2022[146]. Market Conditions and Future Outlook - Hong Kong's GDP contracted year-on-year in the first two quarters of 2022, with no signs of improvement in negative factors affecting economic recovery, including COVID-19, geopolitical conflicts, inflation, and interest rate hikes[125]. - Rental income from Hong Kong decreased compared to the same period last year, and the group anticipates continued weakness in tenant demand and affordability in the coming months[126]. - Despite extensive lockdowns in Shanghai at the beginning of 2022, the group's operations in mainland China were not significantly affected, and rental income is expected to remain stable for the remainder of the year[126]. - The group will closely monitor changes in the operating environment and adjust its investment strategies accordingly, maintaining confidence in its financial stability amid economic uncertainties[127].

Financial Performance - The company reported a revenue of 7,850 million with a net income of 196,381 million for the year ending December 31, 2021, reflecting a 0.19% increase in earnings per share[18]. - For the year ended December 31, 2021, the group reported a revenue of HKD 268,262,000, an increase from HKD 252,478,000 in 2020, representing a growth of approximately 6.9%[64]. - The gross profit for the same period was HKD 216,168,000, compared to HKD 201,775,000 in 2020, indicating a growth of about 7.1%[64]. - The company's net profit for the year ended December 31, 2021, increased by over 6,800% to approximately HKD 489 million, compared to HKD 7 million in 2020[27]. - The total comprehensive income for the year amounted to HKD 633,347 million, compared to HKD 339,907 million in 2020, showing a strong performance[171]. - Basic and diluted earnings per share for the company were HKD 50.39, up from HKD 4.47 in 2020[168]. - The company reported a significant decrease in financing costs, which fell to HKD 16,955,000 in 2021 from HKD 30,999,000 in 2020, a reduction of approximately 45.2%[64]. - The operating and administrative expenses decreased to HKD 40,490,000 in 2021 from HKD 44,378,000 in 2020, reflecting a decrease of about 8.5%[64]. Investment Properties - The investment properties in Hong Kong generated stable rental income of approximately HKD 72 million in 2021, compared to HKD 70 million in 2020, reflecting a year-on-year increase of about 2.86%[9]. - The properties in Shanghai achieved an average occupancy rate of approximately 95% in 2021, contributing rental and management fee income of about HKD 166 million, up from HKD 159 million in 2020, representing a growth of approximately 4.4%[10]. - Fair value gains from investment properties significantly increased by about 670% to approximately HKD 413 million in 2021, compared to HKD 54 million in 2020[28]. - The fair value of the company's investment properties increased by about 5% to approximately HKD 11.232 billion as of December 31, 2021[28]. - The company reported an investment property valuation of approximately HKD 11,232,245,000 as of December 31, 2021[155]. - The valuation of investment properties was conducted by independent qualified professional valuers, ensuring objectivity and relevance[155]. - The valuation methodology employed was the direct comparison approach, which involved estimates and assumptions based on recent sales prices of similar properties[155]. Equity Investments - The Group held high liquidity equity investments valued at approximately HKD 816 million as of December 31, 2021, down from HKD 870 million a year earlier, indicating a decrease of about 6.2%[17]. - The equity investments recorded a fair value net loss of approximately HKD 53 million in 2021, an improvement from a loss of HKD 174 million in 2020[17]. - Dividend income from equity investments amounted to approximately HKD 30 million in 2021, compared to HKD 22 million in 2020, marking an increase of about 36.36%[17]. - The company is closely monitoring the performance of its equity investments, which may be affected by global economic conditions and market fluctuations[25]. - The company plans to adjust its investment portfolio as deemed appropriate by the board of directors to mitigate financial risks associated with equity investments[25]. Corporate Governance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules throughout the year ending December 31, 2021[109]. - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced composition with over one-third being independent[110]. - The company emphasizes the importance of a quality board and robust internal controls in its corporate governance practices[108]. - The company has not disclosed any related party transactions that require compliance with the Listing Rules Chapter 14A[103]. - The company has established a risk management system to identify and monitor daily risks, ensuring effective internal controls[134]. - The company encourages continuous professional development for all directors, providing updates on performance and regulatory developments[119]. Strategic Focus - The Group's investment strategy focuses on long-term investments and generating dividend income from blue-chip stocks and exchange-traded funds listed in Hong Kong[17]. - The company is focusing on expanding its retail banking and wealth management services to enhance customer engagement and market presence[18]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[18]. - The company plans to maintain a prudent investment strategy to preserve financial resources for potential investment opportunities[42]. Financial Position - The total assets of the company as of December 31, 2021, amounted to 385,760 million, with a dividend income of 35,317 million[18]. - The company’s total liabilities as of December 31, 2021, were reported at 67,079 million, indicating a need for strategic financial management[21]. - The company's total equity rose to HKD 9,853,389 million in 2021, compared to HKD 9,419,348 million in 2020, reflecting a solid financial foundation[176]. - The company's total bank and other borrowings amounted to approximately HKD 1.487 billion as of December 31, 2021, down from HKD 1.627 billion in 2020[34]. - The asset-liability ratio as of December 31, 2021, was approximately 13%, compared to 15% at the end of 2020[34]. Shareholder Communication - The company has established multiple communication channels with shareholders, including annual reports and special meetings[148]. - The company emphasizes the importance of shareholder rights and communication in governance[144]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting[144]. - The company’s dividend policy considers overall performance, financial condition, and future development plans[138]. - The company’s past dividend distribution records do not guarantee future dividends[138]. Legal Matters - The Group is involved in an administrative lawsuit against the Zhuhai Natural Resources Bureau regarding a compensation decision for land recovery, with a compensation amount of RMB 205,538,078[13]. - The Group is awaiting government feedback on a proposed land adjustment plan in Zhuhai to expedite the relocation of residents, which is currently delayed due to slow progress by local authorities[12]. - The Group's financial position is not expected to be significantly negatively impacted by the ongoing compensation discussions related to the land recovery[14]. Operational Efficiency - The company has invested in new technologies to improve operational efficiency and customer service delivery in its banking segment[18]. - The company’s cash flow from operating activities was HKD 191,556,000 in 2021, an increase from HKD 172,060,000 in 2020, demonstrating operational efficiency[184]. - The company anticipates continued pressure on rental income from its commercial and industrial properties in Hong Kong due to the challenging operating environment[41].