Financial Performance - For the six months ended January 31, 2020, the company reported a revenue of HKD 599,898,000, an increase from HKD 571,086,000 in the same period last year, representing a growth of 5%[5] - The gross profit for the same period was HKD 312,049,000, down from HKD 359,137,000, indicating a decrease of approximately 13%[5] - The operating loss for the period was HKD 249,786,000, compared to an operating profit of HKD 353,320,000 in the previous year, reflecting a significant decline[5] - The net loss attributable to the company's owners was HKD 570,790,000, compared to a profit of HKD 82,686,000 in the prior year, marking a substantial turnaround[5] - Basic and diluted loss per share for the period was HKD 1.351, compared to earnings of HKD 0.211 per share in the same period last year[5] - The total comprehensive loss for the period was HKD 995,610,000, compared to a comprehensive income of HKD 417,305,000 in the previous year[7] Expenses and Costs - The company incurred finance costs of HKD 115,477,000, up from HKD 73,549,000, indicating an increase of approximately 57%[5] - Selling and marketing expenses rose to HKD 33,010,000 from HKD 19,707,000, reflecting an increase of approximately 67%[5] - The company recorded a total tax expense of HKD 205,412,000 for the period, compared to HKD 178,803,000 for the same period in 2019[59] - Depreciation of property, plant, and equipment was HKD 103,613,000 for the six months ended January 31, 2020, compared to HKD 36,438,000 for the same period in 2019[54] Assets and Liabilities - As of January 31, 2020, total non-current assets amounted to HKD 25,139,873, an increase from HKD 24,825,442 as of July 31, 2019, representing a growth of 1.26%[9] - Current assets totaled HKD 6,123,143, a decrease from HKD 6,484,185 as of July 31, 2019, reflecting a decline of 5.55%[9] - Total liabilities increased to HKD 12,084,448 from HKD 11,577,701, marking a rise of 4.37%[11] - The net current asset value decreased to HKD 2,066,552 from HKD 2,933,942, indicating a decline of 29.54%[9] - The company's equity attributable to owners was HKD 14,918,407, down from HKD 15,834,007, a decrease of 5.78%[11] Cash Flow - The company reported a net cash flow used in operating activities of HKD (298,903,000) for the six months ended January 31, 2020, compared to HKD (82,079,000) for the same period in 2019[21] - The net cash flow used in investing activities was HKD (1,008,251,000) for the six months ended January 31, 2020, compared to HKD (79,945,000) for the same period in 2019[21] - The company generated a net cash flow from financing activities of HKD 703,658,000 for the six months ended January 31, 2020, compared to HKD 1,305,945,000 for the same period in 2019[21] - The company's cash and cash equivalents stood at HKD 1,249,053, down from HKD 1,923,484, a decrease of 35.0%[9] Revenue Breakdown - Revenue from property sales was HKD 175,186,000, compared to HKD 145,668,000 in 2019, reflecting a significant increase of about 20.2%[45] - Rental income from investment properties decreased to HKD 277,852,000 from HKD 289,795,000, a decline of approximately 4.1%[45] - The company’s segment revenue from hotel and serviced apartments was HKD 78,168,000, down from HKD 80,072,000 in 2019, a decrease of about 2.4%[51] Investment Properties - The fair value loss on investment properties was HKD 387,598,000, compared to a gain of HKD 109,692,000 in the previous year, showing a significant negative shift[5] - The company recorded a significant fair value impairment on investment properties during the review period[121] Shareholder Information - The company reported a loss attributable to shareholders of HKD 442,388,000 for the six months ended January 31, 2020, compared to a profit of HKD 69,005,000 for the same period in 2019[63] - The company’s net asset value attributable to shareholders decreased to HKD 14.92 billion from HKD 15.83 billion as of July 31, 2019[126] - The company reported a loss per share of HKD 1.35 for the six months ended January 31, 2020, compared to earnings per share of HKD 0.21 for the same period in 2019[64] Future Plans and Strategies - The company plans to continue evaluating its investment strategies and market expansion opportunities in response to changing market conditions[43] - The company plans to expand its rental portfolio to approximately 9,300,000 square feet after completing ongoing projects in major cities[107] - The company is considering measures to restore public float to meet the minimum requirement of 25% of total issued shares[119] Property Development - The property development business recorded a revenue of HKD 175.2 million from property sales for the six months ended January 31, 2020, representing a 20.2% increase compared to the same period last year[164] - The average selling price for high-rise residential units in Zhongshan Palm Rainbow Garden was HKD 1,667 per square foot, with a total of 13 units sold[165] - The average selling price for villa residential units in Zhongshan Palm Rainbow Garden was HKD 2,565 per square foot, with a total of 10 units sold[165] Market Conditions - The average exchange rate for RMB depreciated by approximately 2.6% compared to the same period last year, impacting rental income[131] - The company will consider expanding its land reserves based on macroeconomic conditions and existing business in relevant cities[111]

Financial Performance - For the fiscal year ending July 31, 2019, the company reported a revenue of HKD 1,461,200,000, an increase of approximately 53.7% compared to HKD 950,800,000 in the previous year[17] - Gross profit rose by 35.1% to HKD 917,500,000 from HKD 679,300,000 year-on-year[17] - Total revenue for the year ended July 31, 2019, was HKD 1,461.2 million, representing a 36.9% increase from HKD 1,067.7 million in 2018[27] - Net profit attributable to shareholders decreased by approximately 43.3% to HKD 668.6 million from HKD 1,180.1 million in 2018[31] - Basic earnings per share fell to HKD 2.043, down from HKD 3.615 in the previous year[28] - Excluding property revaluation effects, net profit attributable to shareholders was HKD 263.7 million, a decline of 58.1% from HKD 629.1 million[30] - The company's net asset value per share increased slightly to HKD 48.36 from HKD 47.40 in 2018[31] - Reported profit attributable to the company's owners was HKD 668.6 million, a decrease of 43% compared to HKD 1,180.1 million in the prior year[57] - Adjusted profit attributable to the company's owners fell by 58% to HKD 263.7 million from HKD 629.1 million[57] Revenue Sources - Property sales revenue surged by 232.2% to HKD 613.3 million from HKD 184.6 million in the previous year[25] - Rental income increased by 10.6% to HKD 847.6 million from HKD 766.2 million year-on-year[24] - Revenue for the year ended July 31, 2019, was HKD 1,461.2 million, representing a 54% increase from HKD 950.8 million in the previous year[57] - The group recorded rental revenue of HKD 847.6 million for the year ended July 31, 2019, representing a 10.6% increase from HKD 766.2 million in the previous year[74] - Revenue from rental properties was HKD 736.3 million, while property management operations contributed HKD 111.3 million, showing a slight decline of 3.9% from HKD 766.2 million last year[74] Property Development - The property development business recorded a revenue of HKD 613.3 million for the year ending July 31, 2019, representing a significant increase of 232.2% compared to HKD 184.6 million in 2018[95] - The average selling price for residential units in the Zhongshan Palm Rainbow Garden reached HKD 1,590 per square foot, contributing to a total sales revenue of HKD 240.2 million from 129 units sold[96] - The total planned construction area for the Zhongshan Palm Rainbow Garden project is approximately 6,075,000 square feet, with confirmed sales of HKD 378.1 million during the review period[110] - The Shanghai Wuliqiao project, covering an area of about 74,100 square feet, is expected to launch sales in the coming months after construction completion in August 2019[103] Financial Position - As of July 31, 2019, the group's land reserves amounted to approximately 8,400,000 square feet, with cash on hand of HKD 3,097,300,000 and undrawn loan facilities of HKD 2,647,900,000[53] - The group plans to maintain a prudent and flexible approach while expanding its land reserves and managing its financial situation[53] - The group has unutilized loan facilities amounting to HKD 2,647,900,000 as of July 31, 2019[125] - The group reported a cash and bank balance of HKD 3,097,300,000, with 77% in RMB, 15% in HKD, and 8% in USD[127] - The total liabilities of the group amounted to HKD 15,127,944,000 in 2019, compared to HKD 12,439,940,000 in 2018, marking an increase of approximately 21.5%[133] Market and Business Outlook - The company maintains a cautious optimism regarding business prospects in the Greater Bay Area, particularly in southern China[34] - The group has outlined a growth plan for its leasing portfolio, with new properties expected to be added in fiscal years 2022 to 2024[42] - The group anticipates revenue contributions from remaining residential units in Zhongshan Palm Rainbow Garden and the Shanghai Wuliqiao project, which is expected to be completed in August 2019[39] Environmental and Social Responsibility - The company has established an environmental management policy aimed at improving performance in emissions, energy use, waste management, and resource usage[151] - The company has implemented multiple emission reduction procedures to actively manage its emissions, including monitoring measures across all business units[152] - The company has adopted the LEED v4 building design and construction standards for new projects in mainland China, ensuring compliance with environmental impact assessments[153] - The company has set up a waste management program to minimize waste generated during daily operations, promoting recycling and proper disposal of hazardous waste[155] - The company actively engages in community service and development, providing local employment opportunities and supporting education for youth[183] Corporate Governance - The company is committed to maintaining high levels of corporate governance in accordance with the Hong Kong Stock Exchange's listing rules[191] - The board consists of 15 members, including 8 executive directors, 2 non-executive directors, and 5 independent non-executive directors, exceeding the minimum requirement set by listing rules[196] - The attendance record for board meetings shows that all executive directors attended 100% of the meetings, with the exception of one non-executive director who attended 80%[199]

Financial Performance - For the six months ended January 31, 2019, the company reported revenue of HKD 571,086,000, an increase of 12.1% compared to HKD 509,410,000 for the same period in 2018[6]. - Gross profit for the same period was HKD 359,137,000, up from HKD 345,727,000, reflecting a gross margin of 62.9%[6]. - Operating profit decreased to HKD 109,692,000 from HKD 351,180,000, indicating a significant decline of 68.8% year-over-year[6]. - The company reported a net profit of HKD 82,686,000, down 79.3% from HKD 400,232,000 in the previous year[8]. - Basic earnings per share for the period was HKD 0.211, compared to HKD 1.102 for the same period last year, a decrease of 80.8%[6]. - Total comprehensive income for the period was HKD 417,305,000, a decrease of 75.0% from HKD 1,664,186,000 in the previous year[8]. - Other income and gains decreased to HKD 38,121,000 from HKD 80,907,000, a decline of 52.9%[6]. - The company incurred finance costs of HKD 73,549,000, down from HKD 97,610,000, reflecting a reduction of 24.6%[6]. - The company reported a total revenue of HKD 16,387,448,000 for the period ending January 31, 2018, compared to HKD 14,769,364,000 for the previous period[21]. - The company’s attributable net profit was approximately HKD 69 million, a decrease of about 80.8% from HKD 358.9 million in the previous year, primarily due to a decline in fair value gains from investment properties[114]. Assets and Liabilities - Non-current assets increased to HKD 23,867,909,000 as of January 31, 2019, compared to HKD 22,887,253,000 as of July 31, 2018, reflecting a growth of approximately 4.7%[10]. - Current assets rose to HKD 7,133,260,000, up from HKD 5,341,011,000, marking an increase of about 33.5%[10]. - Total liabilities increased to HKD 16,142,542,000, compared to HKD 15,788,324,000, representing a rise of approximately 2.2%[12]. - The company's equity attributable to owners increased to HKD 15,832,181,000 from HKD 15,502,867,000, showing a growth of around 2.1%[12]. - Cash and cash equivalents amounted to HKD 2,525,259,000, compared to HKD 1,364,285,000, indicating a significant increase of approximately 85.1%[10]. - The total liabilities of the company amounted to HKD 14,858,627,000, up from HKD 12,439,940,000, indicating a growth in financial obligations[46]. - The total assets of the company reached HKD 31,001,169,000, an increase from HKD 28,228,264,000, indicating growth in asset base[46]. Cash Flow - For the six months ended January 31, 2019, the net cash flow from operating activities was a negative HKD 82,079,000, compared to a positive HKD 93,034,000 in the previous year[25]. - The net cash flow used in investing activities was HKD 79,945,000, a significant decrease from HKD 896,007,000 in the same period last year[25]. - The net cash flow generated from financing activities was HKD 1,305,945,000, compared to HKD 2,674,656,000 in the previous year[25]. Revenue Sources - Revenue from property sales for the six months ended January 31, 2019, was HKD 145,668,000, up from HKD 129,883,000 in 2018, indicating a growth of 12.1%[41]. - Rental income from investment properties for the six months ended January 31, 2019, was HKD 289,795,000, slightly down from HKD 294,969,000 in 2018, a decrease of 1.2%[41]. - Total revenue, including other income, for the six months ended January 31, 2019, was HKD 609,207,000, compared to HKD 590,317,000 in 2018, reflecting a growth of 3.0%[41]. Investments and Projects - The company plans to develop a Ducati Experience Center as part of the second phase of the Innovation Project, covering at least 4,500 square meters[96]. - The construction of the first phase of the Hengqin Innovation Project is expected to be completed in the first half of 2019, with phased openings in the second half of 2019[94]. - The company successfully acquired land use rights for a site near the Innovation Project, with a total area of approximately 143,800 square meters designated for the second phase development[96]. - The company plans to expand its property portfolio with new projects, including the second phase of the Hengqin Innovation Center in the fiscal year 2024[100]. Corporate Governance - The company adheres to the corporate governance code as per the Hong Kong Stock Exchange, with a focus on compliance and best practices[197]. - The board consists of 14 members, including 7 executive directors, 2 non-executive directors, and 5 independent non-executive directors, ensuring diversity in expertise[200]. - The company has adopted a nomination policy for selecting potential new directors based on knowledge, skills, and experience[199]. - The board meets at least four times a year, with additional meetings as necessary to address company matters[200].