Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion for the last quarter[6]. - The annual revenue was approximately HKD 775,500,000, representing an increase of about 113% from HKD 364,300,000 in 2023[17]. - Total revenue for the year ended December 31, 2024, was HKD 775,467,000, a significant increase from HKD 364,291,000 in 2023, representing a growth of approximately 113%[197]. - The company reported a net loss of HKD 50,530,000 for the year 2024, compared to a profit of HKD 27,699,000 in 2023, marking a turnaround of approximately 283%[197]. - Basic and diluted loss per share for 2024 was HKD (0.13), compared to earnings of HKD 0.07 per share in 2023[197]. - Total comprehensive loss for the year was HKD (50,954,000), a decline from total comprehensive income of HKD 28,740,000 in 2023[198]. - Gross profit decreased to HKD 134,036,000 in 2024 from HKD 174,433,000 in 2023, indicating a decline of about 23%[197]. - Administrative and other operating expenses rose to HKD 160,722,000 in 2024 from HKD 53,368,000 in 2023, an increase of approximately 201%[197]. User Growth and Market Expansion - User data showed a growth of 25% in active users, totaling 5 million users by the end of the quarter[6]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of the fiscal year[6]. - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[6]. Strategic Initiatives - A strategic acquisition was completed, enhancing the company's technology capabilities and expected to generate an additional $50 million in annual revenue[6]. - The company plans to invest $200 million in new technology infrastructure over the next two years[6]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation[6]. Customer Satisfaction and Service - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous quarter[6]. - The group has established a customer service hotline for tenants and guests to provide feedback and complaints[73]. - The group maintains close communication with property management companies to ensure quality service for tenants[73]. Financial Position and Equity - As of December 31, 2024, the group's equity attributable to shareholders was approximately HKD 4.22 billion, a decrease from HKD 4.30 billion in 2023, due to losses and dividend payments[30]. - The debt-to-equity ratio decreased to 0.7% from 9.0% in 2023, primarily due to the full repayment of bank loans during the year[32]. - The group had no outstanding bank loans as of December 31, 2024, compared to approximately HKD 367.1 million in 2023[31]. - The company’s joint venture, indirectly held at 50%, received a term loan of HKD 744,600,000 as of December 31, 2024, with HKD 314,800,000 drawn down, and the company provided a 50% guarantee[35]. Investment Properties and Valuation - The fair value of the investment properties at the Regal Center was approximately HKD 1,954,600,000 as of December 31, 2024, down from HKD 1,993,100,000 in 2023[18]. - The fair value of investment properties held by the group as of December 31, 2024, is HKD 1,955,000,000, representing 44% of the total asset value[184]. - The group has a significant reliance on subjective estimates for the valuation of investment properties, which increases the risk of misstatement[184]. - The assessment of the net realizable value of development properties requires management's estimates, particularly in determining future selling prices and completion costs[187]. Governance and Compliance - The group has adhered to high standards of corporate governance and complied with the corporate governance code during the fiscal year ending December 31, 2024[130]. - The independent auditor has issued an unqualified opinion regarding the group’s continuing connected transactions, confirming compliance with relevant agreements and pricing policies[120]. - The company has established a risk management and internal control system, which is reviewed annually for effectiveness[160]. Employee and Board Information - Employee turnover rate for 2024 is 15%, consistent with 2023[75]. - Average employee tenure increased to 3.7 years as of December 31, 2024, compared to 2.8 years in 2023[75]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors[132]. - The company has appointed a new independent non-executive director, Cheng Xiaoyuan, effective May 23, 2024[133]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $1.32 billion[6]. - The group expects to maintain rental rates and occupancy for its investment properties in 2025[77]. - The group anticipates stable income and profit contributions from its asset management business in 2025[77]. - The group is cautiously optimistic about the future of the Hong Kong real estate market despite existing challenges[77].

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 775,467,000, representing an increase from HKD 364,291,000 in 2023, which is a growth of approximately 113%[3] - The gross profit for the same period was HKD 134,036,000, down from HKD 174,433,000 in 2023, indicating a decrease of about 23%[3] - The operating loss for the year was HKD 10,576,000, compared to an operating profit of HKD 194,129,000 in 2023, reflecting a significant decline[3] - The net loss attributable to shareholders for the year was HKD 50,530,000, compared to a profit of HKD 27,699,000 in 2023, marking a turnaround of approximately 283%[3] - The total comprehensive loss for the year was HKD 50,954,000, compared to a comprehensive income of HKD 28,740,000 in 2023, indicating a significant negative shift[4] - The company reported a pre-tax loss of HKD 58,417,000 for 2024, compared to a profit of HKD 45,582,000 in 2023[21] - The company reported a basic loss per share of HKD 0.13 for the fiscal year 2024, compared to earnings of HKD 0.07 per share in 2023, reflecting a significant decline in performance[35] - The company reported a loss attributable to shareholders of approximately HKD 50,500,000 for the year, compared to a profit of HKD 27,700,000 in the previous year[52] Assets and Liabilities - The total assets decreased to HKD 4,286,723,000 in 2024 from HKD 4,724,974,000 in 2023, a reduction of about 9%[6] - The net asset value for the company was HKD 4,221,298,000 in 2024, down from HKD 4,295,624,000 in 2023, indicating a decrease of approximately 2%[8] - The total liabilities decreased from HKD 5,111,323,000 in 2023 to HKD 4,468,310,000 in 2024, indicating a reduction in financial obligations[22] - The total value of designated non-current assets decreased from HKD 3,471,798,000 in 2023 to HKD 3,292,850,000 in 2024, a reduction of about 5%[24] - The company’s cash and cash equivalents were reported at HKD 296,381,000 in 2024, an increase from HKD 256,133,000 in 2023, representing a growth of approximately 15.7%[40] - The company had no outstanding bank loans as of December 31, 2024, compared to HKD 367,100,000 in 2023[75] - The debt-to-equity ratio as of December 31, 2024, was 0.7%, a significant decrease from 9.0% in 2023, indicating a reduction in leverage[76] Revenue Streams - Property management fee income was HKD 16,667,000, while asset management fee income was HKD 180,938,000 for the year 2023[17] - Revenue from property sales amounted to HKD 452,810,000, with no revenue reported in the previous year[17] - Rental income from investment properties was HKD 76,139,000, slightly down from HKD 79,747,000 in 2022[17] - Interest income from investment instruments was reported as HKD 40,564,000, which was not present in the previous year[17] - The asset management division generated HKD 180,938,000 in revenue, down from HKD 216,186,000 in 2022, indicating a decrease of approximately 16.2%[20] - Revenue from external customers in Hong Kong surged to HKD 699,000,000 in 2024, up from HKD 218,237,000 in 2023, marking a growth of 220%[24] Investment Properties - The company reported a fair value increase in investment properties of HKD 9,900,000 in 2024, down from HKD 54,268,000 in 2023, a decline of about 82%[3] - The fair value change of investment properties increased by HKD 9,900,000 in 2024, compared to a net gain of HKD 54,268,000 in 2023[21] - The fair value of investment properties decreased to HKD 1,954,600,000 in 2024 from HKD 1,993,100,000 in 2023, indicating a reduction of approximately 1.9%[36] - The company recorded a fair value gain of HKD 9,900,000 from investment properties in 2024, a decrease of 81.7% compared to HKD 54,268,000 in 2023[36] Dividends - The proposed final dividend for 2024 is HKD 0.06 per share, consistent with the dividend declared in 2023[32] - The company approved a final dividend of HKD 0.06 per share for 2024, down from HKD 0.09 per share in 2023, resulting in total dividends of HKD 23,372,000 compared to HKD 35,058,000 in the previous year[34] - A final dividend of HKD 0.06 per share is proposed, consistent with the previous year, pending approval at the 2025 Annual General Meeting[89] Operational Challenges - The company continues to face challenges in the Hong Kong real estate market due to economic uncertainties and reduced buyer confidence[52] - The Hong Kong real estate market is expected to face challenges due to global economic uncertainties, high interest rates, and geopolitical tensions, but government stimulus measures are anticipated to boost housing demand and investment appetite[87] - The company remains cautiously optimistic about the overall property market in Hong Kong, expecting gradual recovery by 2025 despite current adverse conditions[88] Future Outlook - The company plans to continue its focus on property development and management, with ongoing projects expected to complete within the normal operating cycle[41] - The asset management business is expected to continue contributing stable income and profitability by 2025[88] - The company plans to maintain rental rates and occupancy for its investment properties, including Regal Centre, serviced apartments, and hotels, while continuing to sell residential projects[88] Corporate Governance - The company has adhered to the corporate governance code and standards for securities trading by directors as of December 31, 2024[93][94] - The audit committee has reviewed the annual performance for the fiscal year ending December 31, 2024, including accounting policies and internal controls[96] Miscellaneous - The company has no potential dilutive shares outstanding for both fiscal years, maintaining a consistent share count of 389,527,932[35] - The company has not engaged in any buybacks or redemptions of its listed securities as of December 31, 2024[95] - There have been no significant events following the fiscal year ending December 31, 2024[92] - The annual report will be sent to shareholders and published on the company's website at an appropriate time[98]

vanke 萬科海外投資控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號：01036) 報告 Fir 截至二零二四年六月三十日止六個月 公司資料 賴愛慧 | --- | --- | --- | |-------------------------------------------------|----------------------------------|------------------------------------------------------| | | | | | 董事會 | 核數師 | | | 執行董事 | 畢馬威會計師事務所 | | | 孫嘉 （主席） | | （根據會計及財務匯報局條例註冊之公眾利益實體核數師） | | 葉凱雯 （首席執行官及自二零二四年五月二十三日起 | | | | 獲委任為孫嘉先生的替任董事） | 本公司之法律顧問 | | | 丁長峰 | 禮德齊伯禮律師行有限法律責任合夥 | （香港法例） | | | | 邁普達律師事務所（香港）有限法律責任合夥 | | 非執行董事 韓慧華 | （開曼群島法例） | | | | 主要往來銀行 | | | 獨立非執 ...

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 會 就 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責 任。 萬科海外投資控股有限公司 VANKE OVERSEAS INVESTMENT HOLDING COMPANY LIMITED （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：01036） 截至二零二四年六月三十日止六個月 未經審核業績公告 中期業績 萬科海外投資控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董事會 （「董事會」）謹此公佈本集團截至二零二四年六月三十日止六個月（「期 間」）之 未 經 審 核 中 期 業 績 如 下： 綜合損益表 截至二零二四年六月三十日止六個月 (0.08) 本公司股東已獲派及應獲派之股息詳情載於附註8。 | --- | --- | --- | --- | |-------------------------------------------------- ...

Economic Challenges - The company faced multiple global economic challenges in 2023, including high interest rates and geopolitical tensions, impacting financial stability and consumer spending[9]. Revenue and Growth - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[1]. - User data showed a growth in active users, reaching Z million, which is an increase of A% year-over-year[1]. - The company provided a positive outlook for the upcoming year, projecting a revenue growth of B% and an increase in market share[1]. - New product launches are expected to contribute an additional $C million in revenue, with a focus on innovation and technology development[1]. - The group reported a segment loss of approximately HKD 125.4 million, compared to HKD 39.9 million in the previous year, with the increase attributed to local market factors affecting fair value[51]. - The group's annual revenue was approximately HKD 364.3 million, representing a growth of about 3% compared to HKD 353.2 million in the previous year[43]. - The company reported a revenue of HKD 364,291,000 for the year ended December 31, 2023, representing an increase of 3% from HKD 353,228,000 in 2022[191]. Profit and Loss - The company's profit attributable to shareholders for the year was approximately HKD 27,700,000, a decrease of about 2% compared to HKD 28,200,000 in 2022[21]. - The company recorded a net profit of HKD 27,699,000 for the year, slightly down from HKD 28,169,000 in 2022, a decrease of approximately 1.7%[194]. - The company reported a significant loss from joint ventures amounting to HKD 130,239,000, compared to a loss of HKD 37,611,000 in 2022[191]. - Total comprehensive income for the year amounted to HKD 28,740 million, compared to HKD 37,107 million in the previous year, reflecting a decrease of approximately 22.5%[196]. Asset Management - Revenue from asset management services for the year was approximately HKD 216,200,000, representing an increase of about 8% from HKD 200,400,000 in 2022[23]. - The profit from asset management services increased to approximately HKD 62.7 million, up from HKD 38.3 million in the previous year, primarily due to reduced operating expenses and increased revenue from new asset management agreements[44]. - The group generated asset management fee income of HKD 129,109,000 from a holding company in 2023, while management and administrative fees paid to the same holding company amounted to HKD 3,996,000[159]. Investments and Acquisitions - Strategic acquisitions are being considered to enhance the company's portfolio and drive growth, with a target of F million in potential synergies[1]. - The company is involved in various property development projects, including the TW6 project and Mission Street, with ongoing investments and developments[26]. - The group completed the acquisition of Enigma Company Limited for a total consideration of HKD 848,668,000, which was approved by shareholders on January 20, 2022[161]. Financial Position - As of December 31, 2023, the company's bank balance and cash amounted to approximately HKD 610,300,000, an increase from HKD 585,100,000 in 2022[33]. - The company is expected to have sufficient operating funds to meet its expenditure needs due to the absence of property burdens on Star Residence and Lianfang I[33]. - The company's equity attributable to shareholders as of December 31, 2023, was approximately HKD 4,295,600,000, down from HKD 4,301,900,000 in 2022, reflecting a decrease in equity of HKD 28,800,000 after dividend payments[61]. - The company reported a total equity of HKD 1,750,136,000 as of December 31, 2023, down from HKD 1,762,109,000 at the beginning of the year, reflecting a decrease of approximately 0.68%[93]. - The company's net assets slightly decreased from HKD 4,301,942 thousand to HKD 4,295,624 thousand, indicating a marginal decline of approximately 0.1%[200]. Debt and Financing - The group's interest-bearing bank and other borrowings were approximately HKD 385.4 million, down from HKD 657.7 million in the previous year, mainly due to the repayment of bank loans[52]. - The total outstanding bank loans amounted to HKD 367,100,000, a decrease from HKD 645,700,000 as of December 31, 2022[53]. - The debt-to-equity ratio decreased to 9.0% from 15.3% year-over-year, primarily due to the repayment of bank loans during the year[53]. - The company has a strong liquidity position, with cash and cash equivalents of HKD 610,286,000, significantly exceeding its bank loans[100]. Risk Management - The company continues to monitor foreign exchange risks and takes appropriate measures to mitigate such risks[54]. - The company’s financial risk management policies address credit, liquidity, interest rate, and foreign exchange risks, ensuring a comprehensive approach to risk management[101]. - The company has established credit risk management policies that require individual credit assessments for customers exceeding certain credit limits, focusing on their payment history and current payment capacity[104]. Governance and Compliance - The audit committee reviewed the group's interim and annual performance for the year ending December 31, 2023, and held three meetings during the year[77]. - The board is satisfied with the effectiveness of the financial reporting procedures and compliance with listing rules as of December 31, 2023[74]. - The company’s governance practices include regular reviews of the communication policy to ensure it meets shareholder needs[85]. Workforce and Diversity - The gender ratio in the workforce is 39% female and 61% male, showing an increase from 38% female in 2022[80]. - The company aims to maintain a minimum of 30% female representation in its workforce to support gender diversity[80]. Audit and Financial Reporting - The independent auditor's report confirms that the financial statements are free from material misstatement due to fraud or error[147]. - The company's financial statements have been prepared in accordance with International Financial Reporting Standards and Hong Kong Financial Reporting Standards, reflecting a true and fair view of the group's financial position[134]. - The audit identified key audit matters, including the valuation of investment properties and the assessment of the recoverable amount of development properties, due to their significance to the group's total assets[141].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 364,291,000, an increase of 3% from HKD 353,228,000 in 2022[23] - Gross profit for the year was HKD 174,433,000, compared to HKD 164,048,000 in the previous year, reflecting a growth of approximately 6.5%[23] - Operating profit increased to HKD 194,129,000 from HKD 121,983,000, marking a significant rise of 59%[23] - Net profit for the year was HKD 27,699,000, slightly down from HKD 28,169,000 in 2022, representing a decrease of 1.7%[24] - Basic and diluted earnings per share remained stable at HKD 0.07 for both years[23] Assets and Liabilities - Cash and cash equivalents at the end of the reporting period amounted to HKD 610,286,000, up from HKD 585,114,000 in the previous year[1] - Current assets net value decreased to HKD 1,243,545,000 from HKD 1,361,319,000, a decline of approximately 8.6%[1] - Total assets less current liabilities stood at HKD 4,724,974,000, down from HKD 4,999,471,000, indicating a decrease of about 5.5%[1] - The total equity as of December 31, 2023, was HKD 4,295,624, a slight decrease from HKD 4,301,942 in 2022[28] - The net asset value attributable to the company decreased to HKD 216,966,000 in 2023 from HKD 278,927,000 in 2022, representing a decline of approximately 22.2%[48] - The total assets of the company as of December 31, 2023, were HKD 5,111,323,000, down from HKD 5,357,665,000 in 2022, indicating a decrease of about 4.6%[55] - The company’s total liabilities related to bank financing were HKD 721,178,000 in 2023, down from HKD 1,000,000,000 in 2022, indicating a decrease of approximately 28%[77] Revenue Sources - Property management fee income rose to HKD 17,558,000, up 7.2% from HKD 16,379,000 in the previous year[33] - Asset management fee income increased to HKD 216,186,000, compared to HKD 200,380,000 in 2022, reflecting an 7.9% growth[33] - The company reported a decrease in rental income from investment properties, which was HKD 79,747,000 compared to HKD 85,041,000 in 2022[33] - The group generated approximately HKD 216,200,000 in asset management service income, reflecting an 8% increase from HKD 200,400,000 in 2022[109] Investment Properties - The fair value increase of investment properties was HKD 54,268,000, with no such gain reported in the previous year[23] - The fair value of investment properties increased, contributing to a net gain of HKD 33,641,000 from property investments[35] - The group's investment properties had a total built area of approximately 637,000 square feet as of December 31, 2023, down from 657,000 square feet in the previous year[84] - The fair value of the group's investment properties was approximately HKD 1,993,100,000, slightly down from HKD 1,994,300,000 in 2022, with a fair value gain of HKD 54,300,000 recognized during the year[108] Cash Flow and Financing - The company’s cash and bank balances increased to HKD 610,286,000 in 2023 from HKD 585,114,000 in 2022, showing a growth of approximately 4.3%[55] - The group incurred capital expenditure commitments of HKD 6,900,000 for the development of properties as of December 31, 2023, significantly down from HKD 98,300,000 in the previous year[146] - The group has a 50% indirect interest in a joint venture that received a term loan of HKD 744,600,000, with HKD 314,800,000 drawn down as of December 31, 2023, compared to no financing in the previous year[147] - The debt-to-equity ratio as of December 31, 2023, was 9.0%, down from 15.3% on December 31, 2022, primarily due to the repayment of bank loans during the year[119] Dividends and Shareholder Returns - The company plans to propose a final dividend of HKD 0.06 per share at the meeting scheduled for March 27, 2024[62] - The board proposed a final dividend of HKD 0.06 per share, down from HKD 0.09 per share in the previous year[151] - The group plans to declare a final dividend of HKD 0.06 per share, down from HKD 0.09 per share in the previous year, totaling HKD 23,372,000 compared to HKD 35,058,000 last year[171] Market Outlook and Strategy - The company anticipates that properties under development will be completed within the normal operating cycle, with recovery expected to occur more than a year after the reporting period[5] - The group anticipates that despite favorable local market conditions in Hong Kong, global economic uncertainties will remain significant, and it will prioritize maintaining a healthy financial position[127] - The Hong Kong government plans to fully lift demand-side management measures in the 2024/25 budget, which is expected to stimulate housing demand and benefit the overall property market[150] - The company plans to remain open to good investment opportunities to create value for shareholders[127] Employee and Operational Costs - The company’s employee costs decreased to HKD 124,403,000 in 2023 from HKD 130,898,000 in 2022, a reduction of about 4.3%[57] - Total office and corporate expenses, excluding unallocated income, were approximately HKD 10,200,000, a decrease from HKD 22,000,000 in 2022[116] - The total expenses for administrative and management support provided by Vanke Hong Kong amounted to approximately HKD 4,000,000, a decrease from HKD 7,300,000 in the previous year[148] Other Notable Points - The company did not adopt any new accounting standards or interpretations during the reporting period[31] - The group has not made any significant investments or acquisitions during the year[123] - The group has no significant events occurring after the fiscal year ending December 31, 2023[160]

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately HKD 181.8 million, a decrease of 1% compared to HKD 184.5 million for the same period in 2022[6]. - The net profit for the period was HKD 2,535,000, a significant decline of 96.9% compared to HKD 82,587,000 in the same period last year[40]. - Total comprehensive income for the period was HKD 3,572,000, down 96.1% from HKD 91,797,000 year-on-year[42]. - The gross profit for the same period was HKD 92,238,000, representing an increase of 4.9% from HKD 88,045,000 in the previous year[40]. - The operating profit increased to HKD 132,105,000, up 27% from HKD 104,161,000 in the prior year[40]. - The company reported a significant increase in fair value gains from investment properties amounting to HKD 74,303,000 for the period[40]. - The company reported a net profit of HKD 2,535,000 for the first half of 2023, a significant decrease from HKD 82,587,000 in the same period last year[55]. - The total revenue for the six months ended June 30, 2023, was HKD 181,799,000, a decrease of 1% from HKD 184,492,000 in the same period of 2022[53]. Asset Management and Investment - The income from asset management services during the period was approximately HKD 109.6 million, an increase from HKD 103.6 million for the same period in 2022[8]. - The segment profit from asset management services increased to approximately HKD 31.7 million, up from HKD 18.3 million in the same period last year[8]. - The company continues to provide asset management services to Vanke Hong Kong and its subsidiaries, with management fees calculated at 1.25% for projects in the UK and the US, and 1.8% for projects in Hong Kong[8]. - The fair value of the company's investment in the Regal Center was approximately HKD 2,046.8 million as of June 30, 2023, compared to HKD 1,994.3 million as of December 31, 2022[7]. - The average rent for the Regal Center was HKD 9.5 per square foot, slightly up from HKD 9.4 per square foot in the previous year[9]. - Total income from leasing units and parking spaces in the Regal Center was approximately HKD 48.8 million, down from HKD 49.5 million for the same period in 2022[9]. - The company has plans to continue exploring new investment opportunities both locally and overseas to diversify and expand its business[33]. Financial Position - As of June 30, 2023, the group's total equity attributable to shareholders was approximately HKD 4.27 billion, a slight decrease from HKD 4.30 billion as of December 31, 2022[20]. - The company's total equity decreased to HKD 4,270,456,000 as of June 30, 2023, down 0.7% from HKD 4,301,942,000 at the end of 2022[45]. - The group's interest-bearing bank and other borrowings were approximately HKD 622.4 million as of June 30, 2023, down from HKD 657.7 million as of December 31, 2022, primarily due to loan repayments[20]. - The debt-to-equity ratio as of June 30, 2023, was 14.6%, a slight decrease from 15.3% as of December 31, 2022[22]. - The group had cash and bank balances of approximately HKD 546.2 million as of June 30, 2023, down from HKD 585.1 million as of December 31, 2022[23]. - The company's non-current assets increased to HKD 3,491,498,000 as of June 30, 2023, compared to HKD 3,638,152,000 at the end of 2022, reflecting a decrease of 4.0%[44]. - Current assets rose to HKD 1,846,616,000, up 7.4% from HKD 1,719,513,000 at the end of 2022[44]. Expenses and Liabilities - The total expenses for the period included salaries and wages amounting to HKD 63,631,000, slightly up from HKD 62,775,000[56]. - Financing costs rose to HKD 19,570,000, compared to HKD 14,108,000 in the previous year, marking an increase of 38%[56]. - The company's total liabilities decreased to HKD 666,000,000 as of June 30, 2023, down from HKD 697,529,000 at the end of 2022, indicating a reduction of 4.5%[44]. - The total liabilities as of June 30, 2023, were HKD 343,798,000, slightly up from HKD 335,066,000 at the end of 2022[70]. Market Outlook - The company anticipates that the real estate market will face pressure in the second half of 2023 due to rising interest rates and cautious buyer sentiment[32]. - The company expects stable rental rates and occupancy for its investment property, Regal Center, in the second half of 2023[33]. Corporate Governance - The company has adhered to the corporate governance code as stipulated in the listing rules throughout the reporting period[80]. - There were no significant changes in the board of directors' information that required disclosure since the last annual report[83]. - The company has not established any share option schemes during the reporting period[88]. - The company has not engaged in any share buybacks or redemptions during the reporting period[82]. Shareholder Information - Vanke holds 292,145,949 shares, representing 75.0% of the total equity[89]. - CITIC Securities holds 30,080,000 shares, representing 7.72% of the total equity[89].

Financial Performance - The company reported a profit attributable to shareholders of approximately HKD 28,200,000 for the year, a decrease of about 93% compared to HKD 424,600,000 in the previous year[10]. - The decline in profit was primarily due to the absence of one-time termination fees from tenants in California, which contributed approximately HKD 163,000,000 to the previous year's earnings[10]. - The company recorded a segment profit of approximately HKD 78,900,000 before fair value changes of investment properties, representing a 1% increase from HKD 77,900,000 in the previous year[15]. - The company incurred a loss of HKD 67,000,000 from the Mission Street group, a significant decrease from a profit of HKD 95,900,000 in the previous year[17]. - Revenue from the investment tool related to Park Row was approximately HKD 51,400,000, a decrease of about 41% from HKD 87,600,000 in the previous year[18]. - The profit from the asset management segment decreased to approximately HKD 38.3 million from HKD 75.3 million in the previous year, attributed to increased operating expenses and reduced capital investment in related projects[53]. - The group completed the sale of Ryder Court, valued at GBP 132 million, on January 28, 2022, resulting in a significant decrease in rental income from this property to approximately HKD 3.3 million from HKD 46.1 million in the previous year[26][54]. - The company's return on equity decreased to 0.7% in 2022, down from 10.3% in 2021, primarily due to the sale of Ryder Court and reduced contributions from Mission Street Group[123]. Revenue and Rental Income - Total rental income and parking revenue for the year amounted to approximately HKD 98.1 million, slightly down from HKD 98.7 million in the previous year[29]. - The average rental rate at the Regal Center remained stable, reflecting the company's commitment to providing stable returns to shareholders[41]. - The average rental price at the Regal Center remained stable at HKD 9.5 per square foot for both 2021 and 2022, compared to HKD 9.7 in 2018 and HKD 10.0 in 2019[104]. - The average rental income from Ryder Court is no longer relevant for measuring the company's performance since it ceased contributing to revenue from January 29, 2022[73]. Capital Expenditure and Financing - The company has undertaken capital expenditure contracts amounting to HKD 98,300,000 for the development of the Spring Street property as of December 31, 2022[2]. - As of December 31, 2022, the company had bank financing of HKD 1,000,000,000, of which HKD 646,400,000 had been drawn down[2]. - The group’s interest-bearing bank and other borrowings as of December 31, 2022, were approximately HKD 657.7 million, down from HKD 1,265.7 million in the previous year, mainly due to the sale of assets[59]. - The group’s cash and bank balances as of December 31, 2022, were HKD 585.1 million, a decrease from HKD 811.9 million in the previous year[60]. - The company entered into a financing agreement for a term loan of HKD 1,000,000,000 with a bank, which is for a period of 12 months with options for up to four consecutive 12-month extensions[182]. Property Management and Development - The company continues to hold interests in several properties in Hong Kong, San Francisco, and New York, including units and parking spaces in the Regal Center[12]. - The company is involved in various property development projects, including the TW6 project and the development of the Spring Street property[16]. - The occupancy rate of the Regal Center was maintained at 96% in 2022, consistent with the previous years from 2018 to 2021[99]. - The occupancy rate of the Regal Center has shown a declining trend over the past five years, with a peak of 99% in 2018 and a drop to 95% in 2022[62]. - The service cost to revenue ratio for the Regal Center increased from 25.1% in 2021 to 27.9% in 2022, indicating a decline in operational efficiency[76]. - The asset management service cost to revenue ratio rose significantly from 66.9% in 2021 to 80.6% in 2022, reflecting increased costs in that segment[76]. - The group has property development and investment projects in Hong Kong and the United States[168]. - The group has established joint venture arrangements for acquiring property development projects in Hong Kong and the U.S.[168]. Shareholder and Dividend Information - The total distributable reserves as of December 31, 2022, amounted to HKD 1,758,214,000, an increase from HKD 1,622,079,000 in 2021[115]. - The board proposed a final dividend of HKD 0.09 per share for the year ended December 31, 2022, totaling approximately HKD 35,058,000, unchanged from the previous year[111]. - The board recommends a final dividend of HKD 0.09 per share, consistent with the previous year[127]. - The major shareholder, Vanke, holds 292,145,949 shares, representing 75.0% of the equity[162]. Corporate Governance and Compliance - The company did not engage in any significant investments or acquisitions during the year, aside from previously disclosed transactions[93]. - The company did not report any major changes in its capital structure during the year[113]. - The company has no knowledge of any significant contracts with directors that could create a conflict of interest[142]. - The company’s public shareholding percentage complies with the listing rules as of the last practicable date before the report was published[139]. - The group’s financial statements for the year ended December 31, 2022, were audited and presented to the board[129]. Environmental and Social Responsibility - The company emphasizes environmental policies, encouraging tenants to adopt eco-friendly practices to minimize resource consumption[70]. - The company is committed to using energy-efficient equipment in its properties and offices as part of its sustainability initiatives[91]. - The group made charitable donations of HKD 34,000 during the year, down from HKD 78,000 in the previous year[131]. - The company expressed gratitude to employees for their efforts during the challenging year due to the pandemic[107]. Future Outlook - The company is optimistic about the long-term development of the Hong Kong property market and intends to develop Lianfang I into a residential project[196].

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，概不會就因本公 告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 萬 科 海 外 投 資 控 股 有 限 公 司 VANKE OVERSEAS INVESTMENT HOLDING COMPANY LIMITED （於開曼群島註冊成立之有限公司） （股份代號：01036） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 業 績 公 告 業績 萬科海外投資控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會 （「董事會」）欣然公佈本集團截至二零二二年十二月三十一日止年度之綜合業 績如下： 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 港幣千元 港幣千元 收入 3 353,228 461,205 服務成本 (189,180) (182,434) 毛利 164,048 278,771 其他收入 4 1,488 753 出售一間附屬公司之收益 18 38,384 – 行政及其他經營開支 (81,937) (65 ...

Financial Performance - For the six months ended June 30, 2022, the company's revenue was approximately HKD 184.5 million, a decrease of 20% compared to HKD 230.7 million for the same period in 2021[13]. - Gross profit for the same period was HKD 88,045,000, down 40% from HKD 147,341,000 year-on-year[49]. - Operating profit decreased to HKD 104,161,000, a decline of 42% from HKD 180,427,000 in the previous year[49]. - Net profit for the period was HKD 82,587,000, representing a significant drop of 70% compared to HKD 271,566,000 in the prior year[49]. - Earnings per share (basic and diluted) were HKD 0.21, down from HKD 0.70 in the same period last year[49]. - Total comprehensive income for the period was HKD 91,797,000, compared to HKD 270,798,000 in the previous year, reflecting a decrease of 66%[52]. - The group's profit before tax for the six months was HKD 111,713,000, compared to HKD 282,526,000 for the same period last year, indicating a significant decline[70]. - The company reported a profit of HKD 82,587 for the six months ended June 30, 2022, down from HKD 271,539 for the same period in 2021, representing a decrease of approximately 69.5%[59]. Revenue Sources - The income from asset management services during the period was approximately HKD 103.6 million, down from HKD 114.8 million in the same period of 2021[15]. - Asset management fee income decreased to HKD 103,557,000 from HKD 114,797,000, representing a decline of 10%[67]. - Rental income from investment properties was HKD 44,799,000, down 29% from HKD 63,527,000 in the prior year[67]. - Interest income from investment instruments fell to HKD 27,905,000 from HKD 44,326,000, a decrease of 37%[67]. - Property management fee income was HKD 8,231,000, up from HKD 8,057,000 in the previous year, reflecting a growth of 2%[67]. Asset Management and Investments - The company acquired Enigma Company Limited for HKD 848.7 million, with plans to develop the acquired property into a residential project expected to contribute revenue in the second half of 2024[10]. - The company completed the sale of its entire equity interest in Ryder Court, valued at GBP 132 million, on January 28, 2022[9]. - The company holds a 45% equity interest in the Mission property in San Francisco[11]. - The company recognized a share of profit from joint ventures of approximately HKD 29,200,000, significantly up from HKD 1,400,000 for the six months ended June 30, 2021, due to the reversal of previously over-provided construction costs[20]. - The total investment in joint ventures, including Ultimate Vantage and Goldwin, was approximately HKD 194,500,000 as of June 30, 2022, up from HKD 173,500,000 as of December 31, 2021[20]. Financial Position - The total equity attributable to shareholders was approximately HKD 4,356,900,000 as of June 30, 2022, an increase from HKD 4,299,900,000 as of December 31, 2021[28]. - The company’s interest-bearing bank and other borrowings were approximately HKD 661,200,000 as of June 30, 2022, down from HKD 1,265,700,000 as of December 31, 2021, primarily due to asset sales[28]. - Total liabilities decreased significantly to HKD 1,025,633,000 from HKD 1,651,044,000, showing improved financial stability[55]. - The net assets attributable to joint ventures decreased to HKD 351,614,000 as of June 30, 2022, from HKD 401,788,000 at the end of 2021[81]. - The company reported a current portion of accounts receivable of HKD 167,910,000 as of June 30, 2022, compared to HKD 223,203,000 at the end of 2021[86]. Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 134,919, compared to HKD 126,516 for the same period in 2021, reflecting an increase of about 6.3%[62]. - The net cash used in investing activities for the six months ended June 30, 2022, was HKD 164,943, compared to HKD 11,980 in the previous year, indicating a substantial increase in cash outflow for investments[62]. - The company incurred a payment of HKD 805,445 for the acquisition of subsidiaries, compared to HKD 1,855 in the previous year, indicating a significant increase in investment activity[62]. - The group has capital expenditure commitments of HKD 258,600,000 for the development of properties as of June 30, 2022, down from HKD 280,100,000 as of December 31, 2021[34]. Corporate Governance and Shareholder Information - The company has complied with the corporate governance code throughout the reporting period[113]. - Major shareholder Vanke holds 292,145,949 shares, representing 75.0% of the equity[124]. - The company did not recommend the payment of an interim dividend for the period, consistent with no dividends declared for the same period in 2021[78]. - The company approved a final dividend of HKD 35,058 for the previous year, which was paid out during the reporting period[59]. - The company reported a dividend payable of HKD 35,058,000 as of June 30, 2022, compared to no dividends payable as of December 31, 2021[90].