Financial Performance - The total revenue for the year ended December 31, 2023, increased to HKD 8,336 million from HKD 6,307 million in 2022, representing a growth of approximately 32%[2] - Shareholders' attributable loss decreased to HKD 155 million in 2023 from HKD 232 million in 2022, showing an improvement of about 33%[2] - The group recorded a net loss attributable to shareholders of HKD 155 million in 2023, an improvement from a loss of HKD 232 million in 2022[18] - The profit for 2023 was HKD 413 million, down 23.7% from HKD 541 million in 2022, primarily due to a sharp decline in market prices for steel products[36] - The annual loss narrowed to HKD 75 million in 2023 from HKD 122 million in 2022, representing a 38.8% improvement[73] - Total comprehensive loss for the year was HKD 178 million, down from HKD 497 million in the previous year, a reduction of 64.2%[73] - The group recorded a consolidated loss before tax of HKD 13 million for the year ended December 31, 2023, compared to a loss of HKD 40 million in 2022, showing an improvement[85] Debt and Financial Ratios - The net debt ratio rose significantly to 88.9% in 2023 from 60.9% in 2022, indicating increased financial leverage[2] - The company's equity attributable to shareholders decreased to HKD 2,371 million in 2023 from HKD 2,629 million in 2022[75] - The company's net loss attributable to shareholders for the year ended December 31, 2023, was HKD 155 million, compared to a loss of HKD 232 million for the previous year[106] - The net debt-to-equity ratio increased from 60.9% to 88.9%, driven by the annual loss and increased debt obligations[117] Revenue Segments - The construction and maintenance segment generated revenue of HKD 8,072 million, up from HKD 6,032 million in the previous year, reflecting a growth of about 34%[87] - The real estate segment reported revenue of HKD 264 million, compared to HKD 275 million in 2022, indicating a slight decrease of approximately 4%[89] - Revenue from construction and maintenance projects saw a significant increase of 34%, driven by rapid development in public sector projects in Hong Kong[104] Market and Industry Outlook - The construction industry in Hong Kong is recovering, with significant increases in construction volume and ongoing public housing projects driven by government initiatives[6] - The total construction expenditure for public and private projects in Hong Kong is expected to reach HKD 300 billion annually over the next few years, presenting unprecedented opportunities for the construction industry[20] - The group is optimistic about future growth, supported by a record backlog of contracts and a stable number of new engineering contracts in Hong Kong and Macau[14] - The construction industry in Hong Kong is expected to thrive in the coming years, driven by government initiatives to increase public housing supply[68] Safety and Management Practices - The group is focusing on safety management at construction sites, enhancing training and implementing smart safety management systems[8] - The group recorded an accident rate of 3.3 incidents per 1,000 workers in 2023, significantly lower than the industry average, reflecting its commitment to safety[33] - A focus on workplace safety has been established for 2024, with initiatives planned to promote a safe working environment[69] Technological Advancements - The company is actively adopting Modular Integrated Construction (MiC) technology, with a project expected to provide 2,500 public housing units and 1,750 elderly care places by 2025[7] - The group is advancing its digital transformation and innovative technology applications in construction, including Building Information Modeling (BIM) and the use of artificial intelligence and robotics[31] - The group is leveraging advanced technologies to improve construction quality, safety, and efficiency, while reducing material waste and environmental impact[32] Labor Market and Employment - The unemployment rate in the construction industry decreased from 4.9% in December 2022 to 3.7% in December 2023, indicating a tightening labor market[27] - The group has received approval to import approximately 150 workers, with an additional 400 expected in the coming months to address labor shortages in construction projects[28] - The group will continue to expand its construction team and attract young talent to mitigate labor shortages in the industry[68] Real Estate and Retail Performance - The group’s real estate business recorded a loss of HKD 141 million in 2023, compared to a loss of HKD 130 million in 2022, primarily due to property valuation and impairment losses of HKD 133 million and HKD 105 million, respectively[52] - Total revenue for 2023 was HKD 264 million, including rental income of HKD 102 million, sales revenue of HKD 12 million, and property management service income of HKD 150 million, down from HKD 275 million in 2022[52] - The rental rates for retail properties improved, with Chengdu Ruian City Center achieving a retail occupancy rate of 87% in 2023, up from 71% in 2022[57] Future Strategies and Initiatives - The group plans to respond to the Hong Kong government's commitment to affordable housing by contributing to community development[16] - The group is actively integrating solutions to streamline operations and optimize green operations to enhance business resilience[13] - Future marketing strategies will target specific demographics to drive foot traffic and increase rental income from retail properties[61]

Financial Performance - The company reported a significant revenue increase of 37.6% year-on-year, reaching HKD 3,790 million for the first half of 2023[26] - Shareholders' attributable loss was HKD 79 million, compared to a loss of HKD 60 million in the same period of 2022[26] - Profit for the first six months of 2023 was HKD 255 million, down 15.6% from HKD 302 million in the same period of 2022, primarily due to lower profit contributions from new contracts in the early stages of construction[45] - The group reported a total segment profit of HKD 119 million for the six months ended June 30, 2023, compared to HKD 146 million for the same period in 2022, reflecting a decrease of approximately 18.5%[138] - The company reported a loss of HKD 27 million for the period, compared to a profit of HKD 1 million in the previous year, resulting in a basic and diluted loss per share of HKD 0.21[110] - The group’s revenue from customer contracts for the six months ended June 30, 2023, was HKD 3,751 million, compared to HKD 2,718 million for the same period in 2022, indicating a significant increase of approximately 37.9%[131] Debt and Equity - The net debt ratio rose to 82.2% as of June 30, 2023, up from 60.9% in 2022[9] - Shareholders' equity decreased from HKD 26.29 billion to HKD 24.44 billion, with a corresponding decrease in net asset value per share from HKD 7.0 to HKD 6.5[96] - The net debt-to-equity ratio increased from 60.9% as of December 31, 2022, to 82.2% as of June 30, 2023, attributed to RMB depreciation and a decrease in cash reserves[100] - The net bank loans increased from HKD 16.01 billion as of December 31, 2022, to HKD 20.09 billion as of June 30, 2023[99] - The company’s total liabilities increased due to the repayment of bank loans and interest payments, impacting overall cash flow management[122] Construction and Real Estate - The construction business recorded a revenue of HKD 3.7 billion in the first half of 2023, a significant increase of 40.5% compared to HKD 2.6 billion in the same period of 2022[45] - The group secured new construction contracts worth HKD 2.9 billion in Hong Kong and Macau during the first half of 2023, compared to HKD 3 billion in the same period last year[48] - The construction market in Hong Kong is experiencing a rebound, with private sector projects showing strong growth and public sector contracts maintaining moderate increases[37] - The group is actively preparing to benefit from the anticipated growth in public construction projects, driven by government initiatives addressing housing and healthcare issues[37] - The group completed two three-year maintenance and renovation contracts for public housing estates during the first half of 2023[52] Economic Environment - The economic growth in Mainland China accelerated to 5.5% in the first half of 2023, compared to 2.5% in the same period of 2022[27] - The Hong Kong economy showed signs of recovery with GDP growth of 2.9% and 1.5% in the first and second quarters of 2023, respectively[27] - The group anticipates that private consumption and tourism will remain key drivers of Hong Kong's economic growth in the short term, supported by government measures to stimulate recovery[84] Technology and Innovation - The group invested in Carnot Innovations, a software company focused on AI solutions to optimize energy consumption in cooling systems, expanding its smart facility management capabilities[31] - The group is enhancing its technological capabilities by investing in BIM technology and expanding MiC production capacity to improve operational efficiency and service quality[41] - The group aims to leverage innovative technologies and digital customer service to enhance retail experiences in its shopping malls, thereby increasing foot traffic and rental performance[84] Sustainability and Community Engagement - The company aims to integrate sustainability into its long-term development strategy through the "Better Tomorrow 2021-2030" blueprint[7] - The group is focusing on enhancing the shopping experience by integrating green lifestyle elements and smart facilities in its malls[74] - The group is actively engaging in community activities to stimulate foot traffic and increase rental income[76] Rental and Property Management - The rental income from properties in Mainland China increased as occupancy rates stabilized[23] - The group maintained a stable rental income of HKD 51 million in the first half of 2023, slightly up from HKD 49 million in the same period of 2022[71] - The group’s property management segment recorded revenue of HKD 68 million in the first half of 2023, contributing stable cash flow[79] Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[149] - The weighted average number of ordinary shares used to calculate basic and diluted loss per share was 373 million for the six months ended June 30, 2023, slightly down from 374 million in 2022[151] Governance and Compliance - The company is committed to maintaining high standards of corporate governance and continuously improving its governance practices[189] - The board consists of seven members, including two executive directors and five non-executive directors, with three being independent non-executive directors[190] - The Audit Committee reviewed the unaudited consolidated financial statements for the six months ended June 30, 2023, ensuring compliance with accounting principles and practices[191]

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佈的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 瑞安建業有限公司* SOCAM Development Limited （於百慕達註冊成立的有限公司） (股份代號：983) 截至 2023 年 6 月 30 日止六個月中期業績 財務摘要 截至6月30日止六個月 2023年 2022年 營業額 港幣百萬元 3,790 2,754 股東應佔虧損 港幣百萬元 (79) (60) 每股基本虧損 港幣 (0.21) (0.16) 於2023年 於2022年 ...

Financial Performance - The total revenue for the year ended December 31, 2022, was HKD 6.307 billion, an increase of 19.7% compared to HKD 5.267 billion in 2021[6] - The company reported a loss attributable to shareholders of HKD 232 million for 2022, compared to a profit of HKD 76 million in 2021, marking a significant decline[6] - The basic loss per share for 2022 was HKD 0.62, compared to earnings of HKD 0.20 per share in 2021[6] - The total assets as of December 31, 2022, were HKD 9.1 billion, down from HKD 9.6 billion in 2021[6] - The net debt ratio increased to 60.9% in 2022 from 46.9% in 2021, indicating a rise in financial leverage[6] - The group recorded a net loss attributable to shareholders of HKD 232 million in 2022, a decline from a profit of HKD 76 million in 2021, primarily due to a 9.3% depreciation of the RMB against the HKD resulting in a net exchange loss of HKD 232 million[39] - The company faced a significant foreign exchange loss of HKD 567 million due to a 9.3% depreciation of the RMB against the HKD, impacting overall financial performance[130] - The equity attributable to shareholders decreased from HKD 32.64 billion to HKD 26.29 billion, a decline of 19.5% due to a 9.3% depreciation of RMB against HKD[133] - The total value of real estate assets decreased from HKD 68.30 billion (72% of total assets) to HKD 60.12 billion (66% of total assets) due to currency adjustments and fair value changes[132] Construction Contracts and Projects - The company secured new construction contracts worth HKD 7.9 billion during the year, including significant public housing projects[28] - The total value of new contracts obtained in 2022 was HKD 7.1 billion, significantly higher than HKD 3.8 billion in 2021[70] - The company secured multiple new public housing construction contracts, including projects valued at HKD 1.329 billion and HKD 1.243 billion, both set to be completed in 2025[70] - The company completed significant construction and maintenance contracts during the year, including a HKD 570 million renovation contract awarded by the Buildings Department[72] - The company is expanding its market presence in Hong Kong and Macau, focusing on renovation and building refurbishment projects, with new contracts totaling HKD 785 million in 2022[76] - The company is actively seeking to enhance its licensing for large-scale infrastructure projects under the Development Bureau, targeting road and waterworks contracts[47] Operational Efficiency and Technology - The company is committed to enhancing operational efficiency and sustainability through innovative technologies and digitalization[28] - The group is focusing on digital transformation and the application of innovative technologies to improve project management processes and operational efficiency[35] - The introduction of digitalization and innovative technologies has shown significant results in improving bidding advantages and construction efficiency[116] - The company continues to explore the adoption of advanced construction technologies such as BIM and MiC to maintain its competitive edge in the market[118] - The MiC (Modular Integrated Construction) method has been further developed, enhancing productivity, site safety, quality control, and reducing construction time[179] - The company has implemented advanced technologies such as MiC and BIM in its projects, which have reduced construction time and improved safety performance[59] Market Outlook and Government Initiatives - The Hong Kong government plans to build 30,000 modular housing units over the next five years to address the housing supply-demand imbalance[29] - The Hong Kong government plans to increase public housing supply and infrastructure projects, with total construction expenditure expected to reach HKD 300 billion annually over the next decade[44] - The group expects the Chinese real estate market to stabilize in 2023, driven by increasing housing demand and policy support[35] - The public construction market is expected to continue thriving, driven by government initiatives and increased housing supply[65] Sustainability and Community Engagement - The company is integrating sustainable development goals into its operations, aiming to reduce waste and carbon emissions through green building practices[50] - The company aims to reduce carbon intensity by 25% and waste generation by 35% by 2024, based on 2020 levels[147] - The company has implemented a sustainable development strategy, "Building Tomorrow 2021-2030," focusing on innovation and resilience[149] - The company aims to balance environmental, economic, and community needs while exploring innovative energy-saving solutions[32] - The group is enhancing community mall positioning by introducing green lifestyle elements in its properties located in Chengdu, Chongqing, Shenyang, and Tianjin[88] Employee Development and Safety - The company is focusing on talent development to address the aging workforce and ensure future management succession[51] - Total training hours increased by 25.2% year-on-year, with an additional 241 hours of volunteer service[153] - The average training hours per employee increased to 11.4 hours in 2022, up from 9.5 hours in 2021, reflecting a commitment to employee development[194] - The company is committed to promoting safety culture and has established a new safety training center to reduce accident rates on construction sites[121] - The accident rate recorded was 3.1 incidents per 1,000 workers in 2022, highlighting the company's commitment to safety[63] Real Estate Performance - Rental income from retail and office properties in mainland China was HKD 99 million in 2022, down 13% from HKD 114 million in 2021[96] - The group incurred a loss of HKD 130 million in its real estate business for 2022, compared to a loss of HKD 126 million in 2021[90] - The group recorded property sales income of HKD 34 million and a loss of HKD 9 million in 2022, compared to HKD 81 million in income and a profit of HKD 5 million in 2021[107] - The group completed the sale of the last two villa units in Nanjing Ruian Cuihu Mountain, totaling 822 square meters, confirming a sales amount of RMB 21 million[107] Awards and Recognition - The company received multiple awards for its projects, including the Autodesk Excellence Award for Best Architectural Design[64] - The company received the 2022 Autodesk Excellence Award for Best Architectural Design Project for its innovative building design management practices[178]

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佈的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 瑞安建業有限公司* SOCAM Development Limited (於百慕達註冊成立的有限公司) (股份代號：983) 截至 2022 年 12 月 31 日止年度業績公佈 財務摘要 截至12月31日止年度 2022年 2021年 營業額 港幣百萬元 6,307 5,267 股東應佔（虧損）溢利 港幣百萬元 (232) 76 每股基本（虧損）盈利 港幣 (0.62) 0.20 每股末期股息 港幣 – 0.07 ...

Financial Performance - Revenue for the first half of 2022 was HKD 2,754 million, an increase of 14.9% compared to HKD 2,397 million in the same period of 2021[9]. - Shareholders' attributable profit for the first half of 2022 was a loss of HKD 60 million, compared to a profit of HKD 20 million in the same period of 2021[9]. - The group reported a net loss attributable to shareholders of HKD 60 million for the first half of 2022, compared to a net profit of HKD 20 million in the same period of 2021[16]. - The group reported a profit before tax of HKD 55 million for the six months ended June 30, 2022, down from HKD 94 million in the previous year, indicating a decline of 41.5%[98]. - The group’s total comprehensive income for the period was a loss of HKD 177 million, compared to a gain of HKD 97 million in the same period of 2021[100]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 9.3 billion, a decrease from HKD 9.6 billion as of December 31, 2021[9]. - The group's total bank loans amounted to HKD 3,089 million as of June 30, 2022, compared to HKD 1,818 million on December 31, 2021, representing a significant increase[89]. - The total liabilities for the group were HKD 3,189 million, with the construction and building maintenance segment liabilities at HKD 1,926 million and real estate segment liabilities at HKD 812 million[129]. - The company's net financial expenses decreased from HKD 72 million to HKD 58 million, despite a significant rise in Hong Kong interbank offered rates[85]. - Non-current liabilities increased significantly from HKD 1,264 million to HKD 2,454 million, an increase of approximately 94.3%[104]. Construction Segment - The construction segment accounted for 24% of the total asset portfolio as of June 30, 2022[9]. - The construction business of Ruian Holdings recorded a profit and revenue increase of 41% and 18% year-on-year, respectively[15]. - The construction segment's revenue increased by 18% to HKD 2.608 billion, driven by the progress of significant projects, including the HKD 6.7 billion Kwai Chung Hospital redevelopment[76]. - New contracts signed in the first half of 2022 totaled HKD 3 billion, a significant increase from HKD 2.2 billion in the same period of 2021, marking a growth of approximately 36%[32]. - The construction expenditure in Hong Kong is expected to reach HKD 300 billion annually over the next decade, providing unprecedented opportunities for the construction industry[17]. Real Estate Segment - The real estate segment recorded a loss of HKD 36 million in the first half of 2022, compared to a loss of HKD 50 million in the same period of 2021[47]. - Real estate revenue decreased from HKD 124 million to HKD 75 million, primarily due to a significant drop in sales from the Tianjin project[77]. - Property sales revenue for the first half of 2022 was HKD 26 million, with a loss of HKD 2 million, compared to HKD 68 million in revenue and a profit of HKD 11 million in the same period of 2021[63]. - The segment loss for the real estate business was impacted by a fair value change of investment properties amounting to a loss of HKD 21 million[124]. - The company is focused on expanding its market presence and has secured several new public housing projects expected to provide over 3,000 units by 2025[36]. Market Conditions - The GDP growth in mainland China slowed to 4.8% in the first quarter and dropped to 0.4% in the second quarter of 2022[13]. - The Hong Kong local GDP contracted by 3.9% and 1.3% in the first and second quarters of 2022, respectively[13]. - The anticipated economic recovery in China is expected to support long-term economic development, despite a downward adjustment of GDP growth forecast to between -0.5% and 0.5% for Hong Kong[68]. - The company is adjusting leasing and marketing strategies in response to the rapid changes in consumer behavior due to the pandemic[46]. - The company provided rental concessions totaling RMB 1.2 million to affected tenants during the pandemic[52]. Technology and Innovation - The company is actively adopting advanced technologies such as MiC and BIM in construction projects to enhance operational efficiency and safety[27]. - The company is exploring opportunities in the "Construction 2.0" era by integrating AI and robotics into its construction processes to improve productivity and environmental performance[27]. - The company continues to focus on sustainable development as a core operational strategy[11]. - The company is actively promoting innovative construction technologies to reduce costs and waste, aligning with the Hong Kong government's "Construction 2.0" initiative[71]. - The company aims to enhance productivity through greater synergy among its construction teams[13]. Corporate Governance - The company continues to improve its corporate governance practices to maintain high standards[190]. - The audit committee reviewed the unaudited consolidated financial statements for the six months ending June 30, 2022[192]. - The company has established six permanent committees, including the audit committee and the remuneration committee, to oversee specific areas of group affairs[191]. - The company has adopted a stock option plan effective from August 22, 2012, which is valid for 10 years[188]. - The company did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2022[189].