智通财经APP讯，沿海家园(01124)发布公告，于2024年3月27日,卖方丰盈环球投资有限公司(公司的全资附属公司)与买方梁晓东订立股份转让协议，卖方已有条件同意出售，而买方已有条件根据股份转让协议的条款同意以总代价1万港元收购出售股份(相当于出售公司的已发行股份总数)。 据悉，出售公司启丰发展有限公司于本公布日期及紧接完成前为公司的间接全资附属公司。出售公司主要从事投资控股，其附属公司主要从事物业开发及投资控股。出售公司目前持有鞍山沿海新天地项目100%权益;及北京湾项目(透过由出售公司间接拥有40%权益的合营企业)。 于完成后，集团预期将取得出售事项的未经审核收益约1941.1万港元。该未经审核收益乃基于代价1万港元减出售公司于2023年3月31日的未经审核负债净额(扣除未经审核非控股权益的价值)约2040.1万港元(自出售公司的未经审核负债净额约1.09亿港元中扣除未经审核非控股权益的价值约8837.2万港元得出)及估计交易成本而估计得出。出售事项的实际收益/亏损或与上述不同及将根据出售公司于完成日期的最终财务状况厘定。 公告称，集团预期大部分收入将继续主要来自物业开发分类，其中包括销售已竣工物业， ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 2,015,000, a decrease of 17.8% compared to HKD 2,452,000 in the same period of 2022[9]. - Gross profit for the same period was HKD 1,797,000, down 15.8% from HKD 2,135,000 year-on-year[9]. - The company reported a net loss of HKD 793,532,000 for the period, significantly higher than the loss of HKD 44,355,000 in the previous year, indicating a substantial increase in losses[10]. - Total comprehensive loss for the period amounted to HKD 921,467,000, compared to HKD 481,727,000 in the same period last year, reflecting a worsening financial position[10]. - Basic and diluted loss per share for the period was HKD 19.14, compared to HKD 1.06 in the previous year, highlighting a significant decline in shareholder value[10]. - The group reported a pre-tax loss of HKD 795,650,000 for the six months ended September 30, 2023, compared to a loss of HKD 45,112,000 for the same period in 2022[27]. - Total revenue for the period was HKD 2 million, a decrease of approximately 18% from HKD 2.5 million in the same period last year, with a net loss of HKD 793.5 million[64]. Asset and Liability Management - Non-current assets decreased to HKD 824,197,000 as of September 30, 2023, from HKD 862,959,000 as of March 31, 2023[12]. - Current assets dropped significantly to HKD 4,979,905,000 from HKD 5,907,595,000, indicating a liquidity challenge[12]. - As of September 30, 2023, total current liabilities increased to HKD 3,872,454, compared to HKD 2,831,158 as of March 31, 2023, reflecting a significant rise of approximately 37%[13]. - The company's net current assets decreased to HKD 1,107,451 from HKD 3,076,437, indicating a decline of about 64%[13]. - Total assets minus current liabilities stood at HKD 1,931,648, down from HKD 3,939,396, representing a decrease of approximately 51%[13]. - Cash and cash equivalents decreased to HKD 100,933 from HKD 153,029, a decline of approximately 34%[17]. - The company's bank and other borrowings amounted to HKD 278,983,000 as of September 30, 2023, a decrease from HKD 1,396,216,000 as of March 31, 2023[45]. - The total financing granted to the company was HKD 5,230,866,000 as of September 30, 2023, with HKD 1,062,476,000 utilized[45]. Impairment and Losses - The company recognized a net impairment loss of HKD 744,506,000 on other receivables, which is a major contributor to the increased losses[9]. - The group reported a significant impairment loss of HKD 744,506,000 on other receivables, compared to a loss of HKD 797,000 in the previous year[27]. - The company recognized impairment losses on receivables amounting to HKD 734,573,000 related to legal compensation for lease disputes, which has been fully settled[28]. - The company reported a foreign exchange loss of HKD 24,202, compared to a loss of HKD 30,769 in the previous year, showing an improvement of about 21%[17]. Revenue Sources - Property development revenue was HKD 104,000, while property investment revenue was HKD 1,911,000, down from HKD 2,452,000 in the previous year, indicating a decline of about 22%[21]. - Interest income from bank deposits decreased significantly to HKD 185,000 from HKD 2,106,000 year-on-year, a drop of approximately 91.2%[24]. - Rental income decreased from HKD 2.5 million to HKD 1.9 million, primarily due to rent concessions provided to several tenants[67]. Management and Governance - The board believes that the current governance structure, with the chairman also serving as the CEO, does not compromise the balance of power and authority within the company[95]. - The company remains committed to maintaining high standards of corporate governance and compliance with regulatory requirements[95]. - The audit committee and management reviewed the accounting policies and practices adopted by the group, including discussions on internal controls, risk management, and financial reporting matters[101]. Future Outlook and Strategy - The overall business environment remains challenging due to inflation, interest rate hikes, and geopolitical tensions, despite signs of economic improvement in China[88]. - The group plans to cautiously seek opportunities in urban redevelopment and old factory reconstruction to supplement its property portfolio[88]. - The company plans to consolidate every 10 existing shares with a par value of HKD 0.1 into 1 share with a par value of HKD 1.0, pending shareholder approval at a special meeting on December 13, 2023[58]. Shareholder Information - Major shareholders include Yang Xunxin with a 36.93% stake and Shenzhen Holdings Limited with a 15.22% stake as of September 30, 2023[93]. - The board of directors does not recommend the payment of an interim dividend for the six months ended September 30, 2023 (2022: none)[99].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負 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佈全部或任 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。 COASTAL GREENLAND LIMITED * 沿海綠色家園有限公司 （於百慕達註冊成立之有限公司） 1124 （股份代號： ） 截至二零二三年九月三十日止六個月之未經審核中期業績 財務摘要： • 200 18% 本期間之收入約為港幣 萬元，較去年同期減少約 。 • 7.935 本公司擁有人應佔本期間虧損約為港幣 億元，而去年同期則為虧損約港 4,400 幣 萬元。 • 14% 44% 於二零二三年九月三十日，負債淨額與總權益比率為 ，較去年之 有了 顯著改善。 * 沿海綠色家園有限公司 （「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「報告期間」或「本 ...

Financial Performance - The company recorded revenue of HKD 211.4 million for the fiscal year ending March 31, 2023, compared to HKD 6.7 million in the previous year, representing a significant increase[18]. - The net loss for the year was HKD 418.9 million, an improvement from a net loss of HKD 1.081 billion in the previous year[18]. - The loss attributable to shareholders was HKD 426.5 million, compared to HKD 942.6 million in the prior year, indicating a reduction in losses[18]. - The basic loss per share for the year was HKD 0.1029, down from HKD 0.2273 in the previous year[18]. - The company recorded contract sales of HKD 19.5 million, up from HKD 17.3 million in the previous year, with a total construction area of approximately 6,000 square meters[20]. - Property sales accounted for approximately 98% of the company's revenue this year, a significant increase from 31% in the previous year, while rental income dropped to about 2% from 69%[41]. - The confirmed sales revenue from property sales was HKD 207.1 million, a substantial increase from HKD 2.1 million last year, with a total construction area delivered of 176,000 square meters[42]. Assets and Liabilities - Total assets decreased to HKD 6.771 billion from HKD 7.972 billion in the previous year, while total liabilities decreased to HKD 3.968 billion from HKD 4.445 billion[16]. - Net assets stood at HKD 2.803 billion, down from HKD 3.526 billion in the previous year[16]. - The group's cash and bank balances as of March 31, 2023, were approximately HKD 157.6 million, a decrease from HKD 350.8 million the previous year, with net borrowings of approximately HKD 1.2386 billion[55]. - Total bank and other borrowings amounted to HKD 1.3962 billion, down from HKD 1.6319 billion last year, with long-term borrowings constituting about 80% of total borrowings[56]. Strategic Focus - The company continues to focus on project management and property development as part of its strategic initiatives[12]. - The company plans to continue seeking opportunities for urban redevelopment and low-cost land reserves to enhance its property portfolio[23]. - The company continues to explore investment opportunities in property development and land development projects in China[30]. ESG Practices - The report scope aligns with the annual report, focusing on the performance in environmental, social, and governance (ESG) practices for the fiscal year 2023[67]. - The ESG report is prepared according to the guidelines in Appendix 27 of the Listing Rules, emphasizing importance, balance, quantification, and consistency in disclosures[68]. - The board of directors is responsible for overseeing ESG policies and ensuring effective risk management related to ESG matters[69]. - Stakeholder engagement is deemed crucial for sustainable business growth, with ongoing communication to understand expectations and concerns[72]. - The company aims to maintain compliance with local laws and regulations, ensuring operational stability and fulfilling tax obligations[74]. Environmental Impact - The company aims to reduce greenhouse gas emissions density by 10% by the fiscal year ending March 31, 2025, using the fiscal year 2021 as the baseline[84]. - Direct greenhouse gas emissions (Scope 1) decreased from 7.35 tCO2e in 2022 to 4.23 tCO2e in 2023, while indirect emissions (Scope 2) fell from 32.02 tCO2e to 22.80 tCO2e[84]. - Total energy consumption decreased from 793.85 MWh in 2022 to 500.00 MWh in 2023, with energy consumption density reducing from 0.35 MWh/sqm to 0.22 MWh/sqm[91]. - The company has implemented a comprehensive waste management strategy, including the recycling of paper and proper disposal of hazardous waste[86]. Human Resources - The overall employee turnover rate for the fiscal year 2023 was approximately 41.43%, up from 21.17% in 2022[107]. - The company has implemented a comprehensive performance evaluation system to guide and assess employee performance annually[108]. - The company provides various employee benefits, including basic social insurance and additional incentives such as annual health check-ups and transportation insurance[112]. - The company aims to recruit high-quality talent from top universities to build a project management team for business operations[106]. Corporate Governance - The company adheres to high standards of corporate governance and complies with regulatory laws and guidelines in its operating jurisdictions[160]. - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a diverse skill set[163]. - The company has established mechanisms to ensure all decisions align with the best interests of the company and its shareholders[167]. - The board provides at least 14 days' notice for meetings to allow directors to prepare adequately[174].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負 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佈全部或任 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。 COASTAL GREENLAND LIMITED * 沿海綠色家園有限公司 （於百慕達註冊成立之有限公司） 1124 （股份代號： ） 截至二零二三年三月三十一日止年度之全年業績 財務摘要： • 2.114 670 本年度之收入約為港幣 億元，而去年則為港幣 萬元。 • 4.265 本公司擁有人應佔本年度虧損約為港幣 億元，而去年則為虧損約港幣 9.426 億元。 • 44% 於二零二三年三月三十一日，負債淨額與總權益比率為 ，保持在可控制 水平。 * 沿海綠色家園有限公司 （「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「本年度」或「二 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 2,452,000, a decrease of 30% compared to HKD 3,496,000 for the same period in 2021[9]. - Gross profit increased to HKD 2,135,000, up 11% from HKD 1,922,000 year-on-year[9]. - Loss before tax for the period was HKD 45,112,000, significantly improved from a loss of HKD 547,549,000 in the previous year[9]. - Total comprehensive loss for the period amounted to HKD 481,727,000, compared to a loss of HKD 466,323,000 in the same period last year[10]. - The company reported a total comprehensive loss of HKD 483,443 for the six months ended September 30, 2022[17]. - The company incurred a total loss before tax of HKD 45,112,000 for the six months ended September 30, 2022, compared to a loss of HKD 547,549,000 for the same period in 2021[23]. - The company reported a net loss from joint ventures of HKD 825,000 and from associates of HKD 23,000, contributing to the overall financial performance[23]. - The company reported a loss of HKD 43,992,000 for the six months ended September 30, 2022, compared to a loss of HKD 462,617,000 for the same period in 2021, indicating a significant improvement[32]. Assets and Liabilities - Non-current assets decreased to HKD 587,577,000 from HKD 640,392,000 as of March 31, 2022[12]. - Current assets decreased to HKD 6,432,488,000 from HKD 7,331,281,000, indicating a reduction in liquidity[12]. - Total liabilities decreased from HKD 3,064,452,000 to HKD 2,787,768,000, reflecting improved financial stability[12]. - As of September 30, 2022, net current assets decreased to HKD 3,644,720, down from HKD 4,266,829 as of March 31, 2022, representing a decline of approximately 14.6%[13]. - Total assets less current liabilities decreased to HKD 4,232,297 from HKD 4,907,221, indicating a reduction of about 13.7%[13]. - Non-current liabilities decreased to HKD 1,187,732 from HKD 1,380,930, a decrease of approximately 14%[13]. - Net assets as of September 30, 2022, were HKD 3,044,565, down from HKD 3,526,291, reflecting a decline of about 13.6%[13]. - The total amount of other payables and accrued liabilities was HKD 1,995,892,000 as of September 30, 2022, compared to HKD 2,140,003,000 as of March 31, 2022, reflecting a reduction of approximately 6.7%[46]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD 14,652 for the six months ended September 30, 2022, compared to HKD 151,609 for the same period in 2021[18]. - Cash and cash equivalents at the end of the period were HKD 153,029, down from HKD 338,180, a decrease of approximately 54.7%[19]. - The company raised HKD 77,396 in new bank and other borrowings during the six months ended September 30, 2022, compared to HKD 462,104 in the same period of the previous year[19]. - The company has secured bank loans totaling HKD 1,381,901,000 as of September 30, 2022, compared to HKD 1,631,895,000 as of March 31, 2022, reflecting a decrease of about 15.3%[49]. - The group's total bank and other borrowings amounted to approximately HKD 1,304,505,000, with a floating interest rate ranging from 2.47% to 6.50%[50]. - The total financing granted to the company was HKD 5,307,151,000 as of September 30, 2022, down from HKD 5,918,546,000 as of March 31, 2022, indicating a reduction of about 10.3%[49]. Operational Highlights - The property development segment reported no sales to external customers, while the property investment segment generated rental income of HKD 2,452,000, up from HKD 2,344,000 in the previous year[23]. - There was no revenue from property sales during the period, while last year, property sales contributed 33% of total revenue[64]. - Rental income slightly increased from HKD 2.3 million to HKD 2.5 million compared to the same period last year[66]. - The company plans to continue seeking investment and sale opportunities in property development and land development projects in China[61]. - The company has been gradually withdrawing from project management services, resulting in a loss of approximately HKD 0.8 million for the period[68]. - The group plans to continue seeking opportunities for urban redevelopment projects to supplement its property portfolio[85]. Cost Management - The company reported a significant reduction in administrative expenses to HKD 39,644,000 from HKD 54,830,000, indicating cost control measures[9]. - Interest expenses on bank loans decreased to HKD 46,517,000 from HKD 101,110,000 year-on-year, reflecting a reduction of approximately 54%[28]. - The capitalized borrowing costs for the period were HKD 11,139,000, down from HKD 118,986,000 in the previous year, indicating a significant reduction in capitalized costs[28]. - Employee costs for the period were approximately HKD 23 million, down from HKD 24.7 million in the previous year, with around 44 employees as of September 30, 2022, compared to 80 in the previous year[83]. Shareholder Information - Major shareholders include Yang Xunxin with a 36.93% stake and Shenzhen Holdings Limited with a 15.22% stake as of September 30, 2022[90]. - The group’s total issued and paid-up ordinary shares remained at 4,146,020,285 shares with a par value of HKD 0.10 as of September 30, 2022[51]. Governance and Risk Management - The board believes that the current governance structure, with the chairman also serving as the CEO, does not impair the balance of power and authority within the company[92]. - The audit committee and management reviewed the accounting policies and practices adopted by the group, including internal controls, risk management, and financial reporting matters[97]. - The group continues to monitor foreign exchange risks and will consider hedging strategies as necessary[82]. Market Outlook - The group remains cautiously optimistic about the real estate market despite challenges posed by the COVID-19 pandemic and credit crises affecting major players in the industry[85]. - The majority of the group's income and expenses are denominated in RMB, and it does not expect significant adverse impacts from currency fluctuations in the foreseeable future[82].

Financial Performance - The company reported a revenue of HKD 6.741 million for the fiscal year ending March 31, 2022, a significant decrease from HKD 129.588 million in the previous year, representing a decline of approximately 94.8%[16] - The pre-tax loss for the year was HKD 1.085618 billion, compared to a loss of HKD 286.497 million in the previous year, indicating a worsening financial performance[16] - The loss attributable to shareholders for the year was HKD 942.595 million, compared to a loss of HKD 281.028 million in the prior year, reflecting an increase in losses of approximately 235%[16] - Total assets decreased to HKD 7.972 billion from HKD 9.969 billion year-over-year, a decline of about 20%[17] - Total liabilities also decreased to HKD 4.445 billion from HKD 5.533 billion, a reduction of approximately 19.7%[17] - The company's equity attributable to shareholders decreased to HKD 3.589 billion from HKD 4.363 billion, a decline of about 17.7%[17] - Revenue from property sales was HKD 2.117 million, down from HKD 124.669 million in the previous year, a decrease of approximately 98.3%[19] - Rental income was HKD 4.624 million, slightly down from HKD 4.919 million, indicating a decrease of about 6%[19] - The company did not recommend any dividend distribution for the fiscal year[24] Strategic Focus - The company is focusing on strategic investments and project management services to improve future performance[22] - The group remains cautiously optimistic about the real estate market despite uncertainties caused by credit crises among major Chinese real estate companies[26] - The group will continue to seek opportunities for urban redevelopment as a strategy to supplement its low-cost land reserves[28] - The group plans to continue seeking investment opportunities in property development and land development projects in China[36] - The group aims to adapt its business strategies based on government policy directions in response to market changes[26] Operational Efficiency - The company plans to continue implementing cost control measures to enhance operational efficiency, with administrative expenses slightly reduced by about 3% to HKD 116.6 million[57] - The company has no revenue from project management services this year, as it is gradually exiting this business segment[54] - The gross profit margin for the year was approximately 61%, significantly up from 26% last year, mainly due to changes in the revenue mix[55] - The company's net debt ratio improved from 55% to 36%, attributed to the repayment of approximately HKD 1.6042 billion in loans during the year[64] - Total bank and other borrowings decreased to HKD 16.319 billion from HKD 28.957 billion last year, with long-term borrowings now representing about 83% of total borrowings[65] Environmental, Social, and Governance (ESG) Initiatives - The company has established a governance framework for environmental, social, and governance (ESG) issues, integrating top-down strategies with bottom-up operational processes[79] - The board is responsible for overseeing the group’s ESG policies and ensuring effective risk management related to sustainability[81] - The company aims to reduce greenhouse gas emissions density by 10% by the fiscal year ending March 31, 2025, using the fiscal year 2021 as the baseline[96] - Direct greenhouse gas emissions (Scope 1) decreased from 9.80 tCO2 equivalent in 2021 to 7.35 tCO2 equivalent in 2022[96] - Total greenhouse gas emissions dropped from 51.93 tCO2 equivalent in 2021 to 39.37 tCO2 equivalent in 2022, indicating a significant reduction[96] - The company has set a target to reduce non-hazardous waste density by 10% by the fiscal year 2025, based on the fiscal year 2021[98] - Total hazardous waste decreased from 0.08 tons in 2021 to 0.05 tons in 2022, showing effective waste management practices[98] - The company has implemented a comprehensive environmental management plan to enhance operational efficiency while minimizing environmental impact[93] - The company actively promotes energy-saving measures and has encouraged the use of energy-efficient lighting and natural light sources[96] - The company aims to reduce energy consumption density by 10% by the fiscal year 2025, using the fiscal year 2021 as the baseline[103] - In fiscal year 2022, total energy consumption was 793.85 MWh, down from 1,220.67 MWh in fiscal year 2021, representing a reduction of approximately 35%[103] - Total water consumption in fiscal year 2022 was 582 tons, a decrease from 776.3 tons in fiscal year 2021, indicating a reduction of about 25%[105] - The company has set a goal to reduce water consumption density by 10% by the fiscal year 2025, using the fiscal year 2021 as the baseline[105] Human Resources and Employee Welfare - The company has a commitment to equal opportunity employment, with no discrimination based on race, nationality, gender, or other factors[128] - The company has implemented a performance evaluation system to guide annual employee assessments and improve organizational performance[122] - The company provides various employee benefits, including health insurance, annual health checks, and holiday bonuses, to enhance employee welfare[127] - The average training hours for all employees in the fiscal year 2022 was approximately 42.92 hours, a decrease from 44.95 hours in 2021[137] - The company has a structured approach to employee relations management, facilitating effective communication between management and staff[128] - The company has implemented strict measures during the COVID-19 pandemic, including daily office disinfection and temperature checks for employees entering the workplace[132] - The company has a policy to prevent child labor and forced labor, ensuring fair and transparent recruitment processes[139] - The company has developed an online learning system through WeChat to provide employees with access to training resources and information on business development and management innovation[137] Corporate Governance - The board consists of nine members, including four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a diverse range of skills and experience[178] - The company has adhered to the corporate governance code, maintaining a balance of power and authority within the board, with decisions made by majority vote[172] - Independent non-executive directors have confirmed their independence and lack of significant relationships that could interfere with their judgment[181] - The company has established a standard code for directors' securities trading, ensuring compliance during the reporting period[174] - The board is responsible for overseeing the company's operations, internal controls, risk management policies, and major investments[182] - The company has a commitment to good corporate governance practices, providing transparency and accountability to shareholders[172] - The board will regularly review its composition to ensure it meets the business needs of the group[178] - The company has established a diversity policy for the board, focusing on various criteria including gender, age, cultural background, and professional experience[196] - The company encourages continuous professional development for all directors to enhance their knowledge and skills[191] - The remuneration committee, consisting of three members, evaluates directors' performance and provides recommendations on their compensation based on skills, experience, and group performance[198]

| 目錄 | | | --- | --- | | 釋義 | 2 | | 公司資料 | 4 | | 簡明綜合損益及其他全面收益表 | 5 | | 簡明綜合財務狀況表 | 7 | | 簡明綜合權益變動表 | 9 | | 簡明綜合現金流量表 | 11 | | 簡明綜合財務報表附註 | 13 | | 管理層討論及分析 | 31 | | 權益披露 | 37 | | 企業管治 | 39 | | 其他資料 | 40 | 1 沿海綠色家園有限公司 二零二一年中期報告 釋義 於本中期報告內，除文義另有所指外，下列詞彙具有以下涵義： Clarendon House 2 Church Street Hamilton HM11 Bermuda 本中期報告之中文版本為英文版本之譯本及只供參考，倘若英文版本與中文版本 有任何歧義或不一致，皆以英文版本為準。 * 僅供識別 3 沿海綠色家園有限公司 二零二一年中期報告 公司資料 註冊辦事處 | 「董事會」 | 指 | 董事會 | | --- | --- | --- | | 「公司細則」 | 指 | 本公司細則 | | 「企業管治守則」 | 指 | 上市規則附錄十四所載企業管治守則 | | ...

Financial Performance - The company reported a revenue of HKD 129.588 million for the fiscal year ending March 31, 2021, compared to HKD 30.964 million in the previous year, representing an increase of 318%[15]. - The pre-tax loss for the fiscal year was HKD 286.497 million, an improvement from a loss of HKD 436.317 million in the prior year[21]. - The loss attributable to shareholders for the year was HKD 281.028 million, compared to a loss of HKD 336.784 million in the previous year[15]. - Total assets as of March 31, 2021, were HKD 9.969 billion, an increase from HKD 9.226 billion in the previous year[16]. - Total liabilities increased to HKD 5.533 billion from HKD 4.797 billion year-over-year[16]. - The company's equity attributable to shareholders was HKD 4.363 billion, slightly down from HKD 4.363 billion in the previous year[16]. - The group recorded revenue of HKD 129.6 million, an increase of approximately 319% compared to last year's HKD 31 million[23]. - The group reported a pre-tax loss of HKD 286.5 million for the fiscal year, improved from a loss of HKD 436.3 million the previous year[23]. - The attributable loss to shareholders for the year was HKD 281 million, compared to a loss of HKD 336.8 million last year[23]. Property Sales and Rental Income - Property sales contributed HKD 124.669 million to revenue, significantly up from HKD 29.601 million in the previous year[18]. - Rental income increased to HKD 4.919 million from HKD 0.910 million year-over-year[18]. - Property sales contributed HKD 1.247 billion to revenue, a 321% increase from last year's HKD 296 million, with total delivered area of 14,750 square meters, up 361% from 3,200 square meters last year[50]. Debt and Liabilities - The company's net debt increased to HKD 2.4574 billion, up from HKD 1.1489 billion last year, with the net debt to total equity ratio rising from 26% to approximately 55%[62]. - Total bank and other borrowings reached HKD 2.8957 billion, compared to HKD 1.9879 billion last year, with short-term borrowings now accounting for 68% of total borrowings[63]. Employee and Management - As of March 31, 2021, the group employed approximately 85 staff members, down from 100 in 2020, with employee costs around HKD 58 million, slightly decreased from HKD 59 million in 2020[69]. - The overall employee turnover rate for the fiscal year 2021 was approximately 19.46%, with 18 employees leaving the company[115]. - The company employed 10 senior management personnel, 47 middle management personnel, and 28 general staff as of 2021[113]. - The average training hours per employee in the fiscal year 2021 was approximately 44.95 hours, with male employees averaging 43.13 hours and female employees averaging 47.32 hours[129]. - 100% of employees across all categories, including senior management, middle management, and ordinary employees, participated in training programs[129]. Environmental, Social, and Governance (ESG) - The board is responsible for overseeing the group's environmental, social, and governance (ESG) policies, while senior management executes related policies and measures[77]. - The group has established a framework for assessing and managing significant ESG-related risks and opportunities[76]. - The total greenhouse gas emissions for the year 2021 were 51.93 tCO2 equivalent, a decrease of 32.1% from 76.45 tCO2 equivalent in 2020[91]. - The total water consumption in 2021 was 776.3 tons, down 33.9% from 1,176.3 tons in 2020[99]. - The company aims to achieve carbon neutrality by 2060, aligning with China's national goals for climate management[108]. Corporate Governance - The board consists of nine members, including four executive directors, two non-executive directors, and three independent non-executive directors[173]. - The board held a total of seven meetings during the reporting period to review and approve annual and interim results, as well as significant investments and corporate transactions[182]. - The company regularly reviews its corporate governance policies and practices to ensure compliance with legal and regulatory requirements[184]. - The board is committed to maintaining a diverse composition and regularly assesses the skills and experience required to meet the group's business needs[173]. Compliance and Ethics - The company has not encountered any incidents of child labor or forced labor within its workforce during the fiscal year[132]. - The company has maintained a strong internal control system and is committed to transparency and accountability for all shareholders[169]. - A total of 41 employees participated in anti-corruption and anti-money laundering training, highlighting the company's commitment to compliance and ethical standards[148].

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 34,787,000, an increase of 59.8% compared to HKD 21,783,000 in the same period of 2019[8] - Gross profit for the same period was HKD 27,581,000, significantly up from HKD 2,236,000, reflecting a gross margin improvement[8] - The company reported a loss before tax of HKD 66,024,000, a reduction in loss compared to HKD 206,190,000 in the previous year[8] - Total comprehensive income for the period was HKD 75,960,000, compared to a loss of HKD 429,504,000 in the same period last year[9] - The basic and diluted loss per share for the period was HKD 1.57, an improvement from HKD 3.22 in the previous year[9] - The company reported a pre-tax loss of HKD 66,024,000 for the six months, an improvement from a loss of HKD 206,190,000 in the same period last year[27] - The company reported a loss attributable to owners of HKD 65,056,000 for the six months ended September 30, 2020, compared to a loss of HKD 133,566,000 for the same period in 2019, reflecting a 51.2% improvement[38] Assets and Liabilities - Non-current assets totaled HKD 739,416,000 as of September 30, 2020, an increase from HKD 707,783,000 as of March 31, 2020[11] - Current assets amounted to HKD 8,257,754,000, a decrease from HKD 8,518,275,000 as of March 31, 2020[11] - The company’s development properties increased to HKD 1,602,341,000 from HKD 1,523,550,000[11] - As of September 30, 2020, total current liabilities decreased to HKD 2,865,188 thousand from HKD 3,090,855 thousand as of March 31, 2020, representing a reduction of approximately 7.3%[12] - Non-current liabilities decreased to HKD 1,626,908 thousand from HKD 1,706,089 thousand, reflecting a decline of about 4.7%[14] - Net assets increased to HKD 4,505,074 thousand from HKD 4,429,114 thousand, showing a growth of approximately 1.7%[14] - The company recorded a decrease in accounts payable by HKD 17,135 thousand during the period, compared to an increase of HKD 4,372 thousand in the previous year[21] - Other payables and accrued liabilities amount to HKD 1,689,313,000 as of September 30, 2020, compared to HKD 2,139,705,000 as of March 31, 2020, indicating a decrease of approximately 21%[57] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2020, was HKD 590,854 thousand, compared to a net cash inflow of HKD 570,539 thousand for the same period in 2019[21] - Cash flow from investment activities showed a net cash inflow of HKD 461,648 thousand, contrasting with a net cash outflow of HKD 560,387 thousand in the previous year[21] - The net cash used in financing activities was HKD 14,335,000, compared to a net cash inflow of HKD 35,752,000 in the previous year[22] - The total cash and cash equivalents at the end of the period were HKD 74,608,000, slightly down from HKD 75,062,000 at the beginning of the period[22] - The company recorded a foreign exchange gain of HKD 139,137,000, compared to a loss of HKD 2,611,000 in the previous year[22] Income and Expenses - Property sales accounted for HKD 32,529,000, up from HKD 21,250,000, indicating a growth of 53.1% year-over-year[29] - Rental income increased significantly to HKD 2,258,000 from HKD 156,000, marking a growth of 1,350%[29] - The company’s administrative expenses decreased by approximately 15% to HKD 74.5 million from HKD 88 million in the previous year[84] - The company incurred a pre-tax loss of HKD 66 million, compared to a loss of HKD 206.2 million in the same period last year[77] - Other income and gains for the period were HKD 69.6 million, compared to HKD 2.3 million in the previous year, mainly driven by recovered interest expenses of HKD 57 million[83] Borrowings and Financing - The company’s bank and other borrowings amounted to HKD 2,008,221,000, an increase from HKD 1,987,948,000 as of March 31, 2020[59] - Current bank borrowings due within one year increased to HKD 436,617,000 from HKD 340,799,000[59] - Non-current bank borrowings decreased to HKD 1,571,604,000 from HKD 1,647,149,000[59] - The company's fixed-rate bank borrowings stood at HKD 91,041,000 with an interest rate of 10.80%[62] - Floating-rate borrowings amounted to HKD 436,617,000 with rates ranging from 2.2% to 6%[62] Shareholder Information - Major shareholder Ms. Yang Xunxin owns 1,531,261,978 shares, which is 36.93% of the issued share capital, while Shenzhen Holdings Limited holds 631,092,857 shares, representing 15.22%[103] - The total issued and paid-up ordinary shares remained at 4,146,020,285 as of September 30, 2020[64] - The company did not recommend the distribution of an interim dividend for the six months ended September 30, 2020, compared to no dividend in the previous year[109] Market Outlook and Strategy - The group maintains a cautious optimism regarding the real estate market outlook, despite potential short-term fluctuations due to the COVID-19 pandemic[98] - The group will continue to seek opportunities for urban redevelopment projects to supplement its property portfolio[98] - The company plans to continue seeking investment and sale opportunities in property development and land development projects in China[75]