美联指，近年住宅市场出现"租升价跌"的情况，带动租金回报率持续攀升。据差估署资料显示，最新3 月份A类私宅租金回报率录3.7%，较去年同期3.3%增加0.4个百分点，较2021年的2.3%的低位相比更增 加1.4个百分点。配合楼市全撤辣之下，相信会吸引用家"租转买"上车。 4月租金续升，部份铁路沿线屋苑的呎租环比表现突出，当中佐敦站港景峰呎租环比升约9.8%，乌溪沙 站银湖天峰及黄大仙站现崇山亦分别升约8.8%及约8.4%。九龙塘站又一居与朗屏站朗屏8号呎租则分别 升约7.5%及约7%。 美联物业首席分析师刘嘉辉指出，近日拆息持续回落，今日(5月9日)拆息进一步跌至1.93%水平，以楼 按H+1.3%计算，即H按息跌至3.23%，比起P按封顶3.5%低约0.27%，即变相减息超过四分之一厘。假设 以贷款额500万港元、还款期30年计算，最新H按息3.23%的每月供款为21705港元，比起昨日以H按 3.39%计算的22146港元少约441港元(减约2%)，较P按封顶3.5%的每月供款为22452港元，更减少约747 港元(减约3.3%)。 智通财经APP获悉，香港住屋需求持续强劲，支持私宅租金进一步攀升。美联 ...

单位数目创5个月新高，并令已批出预售楼花但尚未发售的私人住宅单位升至16290个单位，月环比增加 约10.8%；另一方面，据美联物业研究中心资料显示，截至4月底，累积货尾量约22173个单位，虽然月 环比减少约1.4%，但连同上述已批出预售楼花但尚未发售单位一并合计，即随时可推售的新盘单位数 目由3月近3.72万个单位升至4月份近3.85万个单位，月环比增加约3.4%；可见短期供应持续高企，相信 发展商会积极"去库存"。 4月份"零"新申请预售楼花，同时间获批数目却高达2373个单位，在"有出无入"的情况下，累积待批预 售楼花单位月环比下跌约8.1%至6517个单位，创自2020年1月后的逾5年新低。若扣除刚于上月新申请 的启德沐礼街3号(1800个单位)资助出售房屋项目后，最新待批的私宅单位只有4717个单位。 智通财经APP获悉，据美联物业研究中心综合地政总署资料显示，香港4月份新申请预售楼花同意书的 住宅项目，只有沐礼街3号(1800个单位)1个资助出售房屋项目，若单以私人住宅计算，上月则未有新申 请项目，5个月后再次出现。由于短期供应持续高企，发展商减慢申请预售，即使2月及3月亦分别只有 213个及1 ...

Sales Performance and Market Presence - The company achieved significant sales success in new property projects, winning multiple sales championships from major developers, including projects like 吉㊧ and 明雋[15] - The company was awarded several accolades at the annual developer award ceremony, including "Highest Total Sales Agency" and multiple "Highest Sales Amount" awards for various projects[13] - The company continues to expand its market presence in Hong Kong, China, and Macau through various strategic business units, including property agency and financial services[5] - The residential property market in Hong Kong saw a 22.8% increase in transactions in 2024, contributing to an overall property registration volume increase of 17.1%, the highest in three years[42] - The overall property registration volume in November 2024 saw a substantial increase, reaching a new high since April 2024, indicating a recovery in market activity[45] Financial Performance - The group recorded revenue of approximately HKD 6.084 billion for the year ending December 31, 2024, representing a 49% increase compared to the previous year[40] - The group achieved a profit attributable to equity holders of approximately HKD 320 million, a significant turnaround from a loss of HKD 42 million in the previous year[40] - The group’s operating performance for the year ending December 31, 2024, significantly improved compared to 2023, driven by a rebound in the Hong Kong residential property market and optimized operational efficiency[44] Innovation and Technology - The company emphasizes innovation and technology in its operations, as demonstrated by its recent anniversary event that integrated digital technology elements[8] - The establishment of the "Market and Innovation Technology Center" aims to enhance digital intelligence development and optimize internal systems for business growth[19] - The group won multiple awards for its online platform, including silver awards for "Best Digital Targeted Audience Campaign" and "Best Digital Advertising Strategies" in 2024[21] - The company is focusing on digital transformation and has made significant investments to enhance digital marketing capabilities and internal online sales platforms[56] - The company has launched "KOL-led property viewings" and "AI • VR property tours" to enhance digital services, allowing customers to view properties through introduction videos and virtual reality technology[175] Employee Development and Training - The company is focused on enhancing employee training and professional development through its training center, 美聯大學堂[7] - The group received external recognition for its training efforts, being awarded the "Talent Enterprise" honor for over 10 consecutive years and ranking first among real estate agencies with 135 branches recognized by the regulatory authority in 2024[182] - Employee training programs are tailored to job roles and levels, with specialized training for frontline and support staff[180] - The company developed a digital learning management system to enhance employee training, allowing flexible access to online courses and live training sessions, improving engagement and collaboration[182] Corporate Governance - The company emphasizes integrity, transparency, accountability, and independence in its corporate governance practices[71] - The board consists of seven members, including four executive directors and three independent non-executive directors[77] - The company has maintained compliance with the Hong Kong Stock Exchange's corporate governance code throughout the fiscal year ending December 31, 2024[72] - The company is committed to maintaining high standards of corporate governance to enhance shareholder value and protect shareholder interests[71] - The company has established arrangements for stakeholders to raise concerns regarding financial reporting and internal controls[92] Corporate Social Responsibility - The company is committed to corporate social responsibility and governance, as reflected in its various reports and initiatives[20] - The company has been recognized for its corporate social responsibility efforts, receiving the "Caring Company" logo for 21 consecutive years[132] - The company has actively participated in various charitable activities, including donations and volunteer work, to support vulnerable communities[135] - The company has provided internship and employment opportunities to students, contributing to their market competitiveness[129] - The company has organized numerous free seminars and programs to educate the public on real estate and financial information[127] Environmental Sustainability - The company has been recognized for its commitment to environmental sustainability, receiving multiple awards including the "Hong Kong Green Organization" certification[148] - The company is committed to reducing its carbon footprint and has set energy efficiency targets, expecting to reduce energy consumption by 20% to 30% through the installation of energy-saving equipment[189] - The company actively monitors greenhouse gas emissions and prepares annual reports in accordance with ISO 14064-1:2018 standards, ensuring data accuracy through external audits[189] - The company has implemented a green procurement policy to prioritize environmentally friendly products and services[197] - The company encourages employees to practice the 4Rs principles (Reduce, Reuse, Recycle, Replace) to enhance environmental awareness[193]

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 6,084,239, an increase of 49.0% compared to HKD 4,082,694 in 2023[3] - Operating profit for the year was HKD 384,586, a significant recovery from an operating loss of HKD 17,903 in the previous year[3] - Net profit attributable to equity holders for the year was HKD 320,323, compared to a loss of HKD 41,916 in 2023, marking a turnaround[3] - Basic and diluted earnings per share for the year were HKD 44.67, compared to a loss per share of HKD 5.85 in the previous year[3] - The reported segment profit for 2024 was HKD 433,178,000, a significant increase from HKD 13,679,000 in 2023, resulting in a pre-tax profit of HKD 370,936,000 compared to a loss of HKD 29,209,000 in the previous year[19] - The company reported a revenue of approximately HKD 6.084 billion for the year ending December 31, 2024, representing a 49% increase compared to HKD 4.2 million loss for the year ending December 31, 2023, resulting in a profit of approximately HKD 320 million attributable to equity holders[34][35] Assets and Liabilities - Total assets increased to HKD 4,708,309, up from HKD 3,569,187 in 2023, reflecting a growth of 32.0%[5] - Total liabilities rose to HKD 3,714,595, compared to HKD 2,911,996 in 2023, indicating an increase of 27.6%[6] - Cash and cash equivalents at year-end were HKD 711,127, up from HKD 532,147 in 2023, representing a growth of 33.6%[5] - The total accounts payable, including commissions and rebates due within 30 days post-year-end, increased to HKD 495,273,000 in 2024 from HKD 295,165,000 in 2023, reflecting a growth of 67.5%[32] - As of December 31, 2024, the group's cash and bank deposits amounted to HKD 711,127,000, an increase from HKD 532,147,000 in 2023[50] - As of December 31, 2024, the group's net debt-to-equity ratio remains at 0% (2023: 0%) and the total debt-to-equity ratio is also 0% (2023: 25.9%) [51] Revenue Sources - Revenue from property agency business was HKD 6,070,571, up 49.3% from HKD 4,063,351 in the previous year[14] - The net revenue after rebates for the property agency business was HKD 3,372,971, representing a 28.3% increase from HKD 2,630,368 in 2023[14] - The company reported a significant increase in rebates, totaling HKD 2,697,600 in 2024 compared to HKD 1,432,983 in 2023, reflecting a rise of 88.2%[14] - The company’s external customer revenue for the property agency business was HKD 6,084,239, indicating a strong performance in the market[16] - Revenue from external customers in Hong Kong and Macau rose to HKD 5,745,377,000 in 2024, up from HKD 3,786,954,000 in 2023, while revenue from mainland China increased to HKD 338,862,000 from HKD 295,740,000[22] Operational Strategy - The company plans to continue expanding its property agency services in Hong Kong, mainland China, and Macau, focusing on enhancing its market presence[7] - The company is actively evaluating new strategies for market expansion and potential acquisitions to enhance its service offerings[15] - Future guidance indicates a focus on improving operational efficiency and increasing market share in the property sector[15] - The company successfully turned its operations in mainland China from loss to profit due to strategic measures implemented since Q4 2023, including the promotion of a new sales management team and business model reorientation[39][42] - The company has made significant investments in digital transformation and marketing capabilities, establishing a market and innovation technology center to enhance operational efficiency and promote innovative technologies[43] Market Conditions - The property market in Hong Kong saw a 22.8% increase in transactions in 2024, driven by the government's removal of previous restrictions, leading to a 17.1% rise in overall property registrations, the highest in three years[36] - The company experienced a decline in property transactions in mid-2024 due to geopolitical uncertainties and concerns over the US-China trade war, despite ongoing rental price increases driven by demand from incoming talent[37] - The influx of talent and investors from mainland China has been a key factor supporting housing demand, with approximately 92,000 high talent visa applications approved by the Hong Kong government in 2023 and 2024[40] Financial Health - The current ratio is 1.2 (2023: 1.1), indicating a healthy level of financial resources [51] - The return on equity is 32.23% (2023: -6.38%), reflecting a significant improvement in profitability [51] - The group had no interest-bearing borrowings as of December 31, 2024, compared to HKD 169,890,000 in borrowings in 2023[50] - The group has unused borrowing facilities amounting to HKD 1,168,000,000 (2023: HKD 1,405,000,000) [51] Corporate Governance - The group has complied with all corporate governance codes as per the Hong Kong Stock Exchange listing rules during the year ended December 31, 2024 [61] - The group has adopted its own code of conduct for securities trading by directors, which is not less stringent than the standard code [62] - The audit committee reviewed the consolidated financial statements for the fiscal year ending December 31, 2024, and confirmed that the figures align with the audited financial statements[64] Employee and Community Engagement - The group employed 4,593 full-time employees as of December 31, 2024 (2023: 4,731) [59] - The company expresses gratitude to all employees for their commitment and to customers and partners for their unwavering support[66]

Financial Performance - The group reported a profit attributable to equity holders of approximately HKD 174 million for the six months ended June 30, 2024, representing a 346% increase compared to the same period in 2023[6]. - Revenue for the six months ended June 30, 2024, was HKD 3,318,795, an increase of 41% compared to HKD 2,353,952 for the same period in 2023[37]. - Profit attributable to equity holders for the six months ended June 30, 2024, was HKD 174,067, a significant increase from HKD 39,059 in the same period of 2023[38]. - Basic and diluted earnings per share for the six months ended June 30, 2024, were HKD 24.27, compared to HKD 5.45 for the same period in 2023[37]. - The company reported a total comprehensive income of HKD 182,132 for the six months ended June 30, 2024, compared to HKD 49,538 for the same period in 2023[39]. Market Conditions - The total transaction value of local residential properties in Hong Kong decreased by 0.2%, while the group's revenue grew by 41% year-on-year, outperforming the market[6]. - The Hong Kong government fully lifted demand management measures for residential properties in late February 2024, leading to a surge in property registrations, with 7,069 registrations recorded from March to May 2024, the highest in five years[7]. - The share of sales from mainland buyers in April 2024 reached 57%, the highest since tracking began in 2010, indicating strong demand from this segment[7]. - From May to July 2024, property prices declined by 3% due to developers adopting aggressive pricing strategies, leading to a slowdown in transactions[8]. - The local property market is facing challenges due to high interest rates, which have remained stable after a 525 basis point increase from 2021 to 2023, affecting purchasing power[9]. Economic Outlook - The upcoming US presidential election introduces uncertainty, with potential implications for buyer confidence due to proposed tariffs on Chinese goods[9]. - The Hong Kong economy faces challenges with a lack of new momentum, and the strong US dollar has weakened its competitiveness, impacting retail significantly[10]. - In Q2 2024, China's GDP is expected to grow by 4.7% year-on-year, which is below market expectations and slower than the previous quarter[10]. Operational Efficiency - The operating profit of the group's businesses, including "Midland Realty" and "Hong Kong Property," significantly increased due to the rebound in the Hong Kong residential property market and improved operational efficiency[6]. - The group has focused on enhancing operational efficiency and productivity, resulting in improved sales productivity that outperformed the market[14]. - The group anticipates that the relaxation of property market tightening measures will lead to increased housing demand and rental prices[14]. - The group has made significant progress in digital marketing and sales management, enhancing the productivity of its sales teams across Hong Kong, Macau, and mainland China[15]. - The group is actively analyzing market conditions to develop new sales strategies targeting areas favored by mainland buyers[15]. Financial Position - As of June 30, 2024, the group's cash and bank deposits amounted to HKD 664,582,000, an increase from HKD 532,147,000 as of December 31, 2023[17]. - The group's interest-bearing borrowings increased to HKD 361,000,000 as of June 30, 2024, compared to HKD 169,890,000 as of December 31, 2023[17]. - The total debt-to-equity ratio rose to 43.0% as of June 30, 2024, up from 25.9% as of December 31, 2023, primarily due to increased bank borrowings for short-term financing needs[18]. - The group's liquidity ratio remained stable at 1.1 as of June 30, 2024, consistent with the ratio as of December 31, 2023[18]. - The book value of accounts receivable used as collateral for borrowings was approximately HKD 3,715,890,000 as of June 30, 2024, compared to HKD 2,238,916,000 as of December 31, 2023[20]. Employee and Management - As of June 30, 2024, the group employed 4,670 full-time employees, a decrease from 4,731 employees as of December 31, 2023[25]. - The group has a compensation policy that considers industry practices, individual performance, qualifications, and experience, with potential discretionary bonuses linked to profits[25]. - The total compensation for directors increased to HKD 22,367,000 from HKD 14,340,000 in the same period of 2023, representing a growth of approximately 56.0%[89]. - The total compensation for key management increased to HKD 22,394,000 in the first half of 2024, compared to HKD 14,367,000 in the same period of 2023, reflecting a growth of approximately 56.0%[89]. Legal and Compliance - The group is involved in legal proceedings related to competition law, with potential liabilities being uncertain and not provisioned for in the financial statements as of June 30, 2024[24]. - The group is involved in legal proceedings initiated by the Competition Commission regarding alleged violations of the Competition Ordinance, with a court ruling expected by November 8, 2024[82]. - The group has not recognized any provisions for potential liabilities related to ongoing legal proceedings due to high uncertainty[82]. Investment and Assets - The private property price index in Hong Kong fell by 1.32% in May 2024 after two months of increases, while the rental market remains strong with rents rising for three consecutive months[13]. - The registration of new properties in Hong Kong increased by 47.8% in the first half of 2024 compared to the same period in 2023, while second-hand property registrations decreased by 7.5%[15]. - The fair value of investment properties in Hong Kong was HKD 23,780,000 as of June 30, 2024, down from HKD 25,350,000 as of December 31, 2023, indicating a decrease of about 6.2%[71]. - The net accounts receivable increased significantly to HKD 3,780,267,000 as of June 30, 2024, compared to HKD 2,305,078,000 as of December 31, 2023, reflecting an increase of approximately 64.1%[74]. - The total liabilities related to borrowings from directors remained constant at HKD (60,000,000) for both June 30, 2024, and December 31, 2023[88].

Financial Performance - The company reported a revenue of HKD 3,318,795, representing a 40.9% increase compared to HKD 2,353,952 in the same period last year[1]. - The operating profit for the six months ended June 30, 2024, was HKD 214,549, a significant increase from HKD 59,163 in the previous year[1]. - The net profit attributable to equity holders was HKD 174,067, compared to HKD 39,059 in the same period last year, marking a 345.5% increase[2]. - Basic and diluted earnings per share increased to HKD 24.27 from HKD 5.45, reflecting a substantial growth in profitability[1]. - Total revenue for the six months ended June 30, 2024, was HKD 3,318,795, an increase from HKD 2,353,952 in the same period of 2023, representing a growth of approximately 41%[11]. - Revenue from property agency business reached HKD 3,312,127, up from HKD 2,346,819, indicating a growth of about 41%[12]. - The company reported a segment performance of HKD 237,935 for the property agency business, significantly up from HKD 44,294 in the prior year, marking an increase of around 436%[12]. - The reported segment performance for the six months ended June 30, 2024, was HKD 239,277, up from HKD 78,687 in the previous year[15]. - The company reported a profit attributable to equity holders of approximately HKD 174 million for the interim period, an increase of 346% compared to HKD 39 million in the same period last year[31]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 5,051,894, up from HKD 3,569,187 at the end of 2023, indicating a 41.5% increase[3]. - The total liabilities rose to HKD 4,212,571 from HKD 2,911,996, representing a 44.7% increase[4]. - The company’s equity attributable to equity holders increased to HKD 839,323 from HKD 657,191, a growth of 27.7%[4]. - The total assets as of June 30, 2024, amounted to HKD 4,688,229, compared to HKD 3,054,148 as of December 31, 2023[17]. - The total liabilities as of June 30, 2024, were HKD 3,824,419, an increase from HKD 2,724,912 as of December 31, 2023[17]. - Accounts receivable increased significantly to HKD 3.78 billion as of June 30, 2024, from HKD 2.31 billion at the end of 2023[29]. - The group’s accounts receivable from loans amounted to HKD 3,715,890,000 as of June 30, 2024, compared to HKD 2,238,916,000 on December 31, 2023[42]. - The total debt-to-equity ratio increased to 43.0% as of June 30, 2024, from 25.9% on December 31, 2023, primarily due to increased bank borrowings for short-term financing needs[42]. Cash Flow and Financing - The company's cash and cash equivalents increased to HKD 664,582 from HKD 532,147, showing a growth of 25%[3]. - The group’s cash and bank deposits amounted to HKD 664,582,000, up from HKD 532,147,000 on December 31, 2023[41]. - The group's interest-bearing borrowings as of June 30, 2024, were HKD 361,000,000, compared to HKD 169,890,000 on December 31, 2023[41]. - Financing costs rose to HKD 15.83 million in 2024 from HKD 14.69 million in 2023, driven by increased interest on bank borrowings[23]. - Deferred tax increased significantly to HKD 27.82 million in 2024 from HKD 8.1 million in 2023, indicating potential future tax liabilities[24]. Business Operations and Strategy - The company plans to continue expanding its property agency services in Hong Kong, mainland China, and Macau, focusing on enhancing its market presence[5]. - The management highlighted ongoing investments in new technology and product development to drive future growth and operational efficiency[5]. - The company operates primarily in Hong Kong, mainland China, and Macau, focusing on property agency services, leasing, immigration consulting, lending, and mortgage referral services[10]. - The company has implemented strategic measures in mainland China, including a new sales management team and business model repositioning, leading to significant improvements in operational performance despite a challenging environment[31]. - The group is focusing on new sales strategies targeting mainland buyers in response to market changes following policy adjustments[39]. - The group has been actively expanding its digital marketing tools, resulting in increased usage of digital platforms by frontline employees[40]. - The group’s online sales platform has improved the mobility and flexibility of frontline staff, enhancing overall sales productivity[40]. Market Conditions - Revenue from external customers in Hong Kong and Macau was HKD 3,182,422, while revenue from Mainland China was HKD 136,373 for the six months ended June 30, 2024, compared to HKD 2,194,491 and HKD 159,461 respectively in the same period of 2023[19]. - Revenue from residential properties amounted to HKD 3,290,690, while revenue from commercial properties and shops was HKD 21,437, contributing to a total segment revenue of HKD 3,312,127[13]. - Rental income for the period was HKD 730, down from HKD 1,096, indicating a decrease of approximately 33%[11]. - Interest income from loans was HKD 51, a significant decrease from HKD 888 in the previous year, representing a decline of about 94%[11]. - The rental market showed strong performance, with rents rising for three consecutive months from March to May 2024[38]. - The private property price index fell by 1.32% in May 2024 after two months of increases[38]. - Retail sales in April 2024 decreased by 16.5% year-on-year, indicating a significant decline in consumer spending[34]. - The local purchasing power weakened due to high interest rates, which were raised by 525 basis points from 2021 to 2023[34]. Employment and Dividends - As of June 30, 2024, the company employed 4,670 full-time employees, a decrease from 4,731 employees as of December 31, 2023[47]. - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[25]. - The company did not declare an interim dividend for the period ending June 30, 2023[48]. Compliance and Audit - The audit committee has reviewed and discussed the unaudited interim financial information for the interim period[50]. - The company has not made any provisions for potential liabilities as of June 30, 2024, due to high uncertainty surrounding ongoing legal proceedings[46]. - The company has not adopted any new or revised standards that are not yet effective, anticipating no major impact on financial performance[8].

Sales and Market Performance - The company achieved significant sales success in new property projects, receiving multiple accolades from developers, including the title of "2023 Highest Sales Amount Agent" from Wheelock Properties[11][12]. - The company has established a strong partnership with major developers, leading to a series of successful sales campaigns in new property developments[11]. - The group reported a revenue of approximately HKD 4.083 billion for the year ending December 31, 2023, representing a 31% increase compared to the previous year[27]. - The loss attributable to equity holders significantly narrowed to approximately HKD 42 million from a loss of HKD 534 million in the previous year[27]. - The Hong Kong residential property registration value decreased by 4.5% in 2023 compared to 2022, yet the group managed to increase local business revenue[27]. - Following the reopening of borders, the Hong Kong property market initially showed strong performance, but demand has since been absorbed, leading to a slowdown due to rising interest rates and a slower-than-expected economic recovery[28]. - Property prices in Hong Kong dropped nearly 6% in 2023, with many new developments priced below existing second-hand properties[29]. - The group maintains a cautiously optimistic outlook for the property market, citing the removal of additional stamp duties and increased mortgage limits as positive factors for market activity[31]. Awards and Recognition - The active user base of the company's property app ranked first in the industry, contributing to its recognition as the overall champion at the "MOB-EX AWARDS 2023"[14]. - The company won six awards at the "MARKies Awards Hong Kong 2023," including four golds, one silver, and one bronze, highlighting its contributions to technology application in the industry[15]. - The company has been awarded the "Outstanding ESG Enterprise" for the 2022-2023 period, recognizing its efforts in promoting ESG and sustainable development[118]. - The company has received the "Caring Company" logo for twenty consecutive years, acknowledging its commitment to social responsibility[121]. - The company has been recognized for its professional development efforts, with 149 branches awarded the "Professional Development Award" by the Estate Agents Authority[127]. - The company has been awarded the "Happy Workplace" label for eight consecutive years, reflecting its commitment to employee well-being[128]. - The company received multiple awards for its commitment to environmental protection and sustainable development, including the "Innovative Energy Saving Enterprise Award 2023" from CLP Power and the "Waste Reduction Certificate (Excellence Level)" from the Hong Kong Green Organization Certification[130]. Digital Transformation and Technology - The company is focused on leveraging AI and VR technologies to enhance user experience and maintain a competitive edge in the market[14]. - The company is actively promoting digital transformation among its staff, introducing a "Technology Star" segment in monthly meetings to share best practices in technology application[16]. - The company has signed a strategic partnership with Matterport, Inc. to utilize new "digital twin" technology, enhancing customer online experience and service flexibility[155]. - The company utilizes innovative technologies and digital applications, such as AI and VR, to enhance customer experience in property viewing[155]. Corporate Governance - The company has a robust governance structure with a diverse board of directors, ensuring effective oversight and strategic direction[3]. - The board consists of seven members, including four executive directors and three independent non-executive directors[68]. - The company emphasizes the importance of board independence and has established mechanisms to ensure independent viewpoints are obtained[65]. - The company is committed to maintaining high corporate governance standards to enhance shareholder value and protect shareholder rights[62]. - The company has arranged appropriate liability insurance for directors to cover responsibilities arising from corporate activities[66]. - The company has established an Executive Committee in September 1999 to oversee daily operations and management decisions[78]. - The Audit Committee held two meetings in 2023, reviewing interim and annual reports, and assessing the independence of external auditors[81]. - The company has a whistleblowing policy in place for stakeholders to report concerns regarding financial reporting and internal controls[82]. Employee Development and Well-being - The group conducted 74 AI courses in 2023, totaling nearly 6,500 training hours, to promote professional development in the industry[25]. - The company has been recognized for its employee training efforts, receiving the "Talent Enterprise 1st" award for 10 consecutive years and being honored as "Super MD" in 2023[166]. - The company has developed specialized training programs for frontline and back-office staff, tailored to their job roles and levels[164]. - The company has a zero-tolerance policy towards any form of harassment and strictly enforces anti-discrimination policies[161]. - The company encourages employee participation in various sports activities to promote health and teamwork, supporting events like the Standard Chartered Marathon[161]. - The company provides competitive and rewarding compensation packages to attract and retain talent[161]. Environmental and Social Responsibility - The company has established a governance framework for sustainable development, with the board setting goals and regularly reviewing performance related to ESG matters[140]. - The company has implemented a Green Procurement Policy to manage environmental and social risks in its supply chain[180]. - The company has supported the "Health Express Hong Kong Fund" for 11 consecutive years to raise funds for cataract patients in mainland China[187]. - The company has implemented measures to reduce energy consumption by 20%-30% through the installation of energy-efficient systems and devices[173]. - The company has received recognition for its innovative mobile marketing campaigns, winning multiple awards at the Mob-Ex Awards 2023[196]. Financial Performance and Market Trends - The group introduced a series of new measures and restructured its business model in response to the challenging operating environment in mainland China, leading to a substantial reduction in losses from that segment[27]. - The total value of residential properties purchased by mainland buyers or new arrivals increased in the first nine months of 2023, while local buyers' property purchases decreased[32]. - The rental market showed strong performance in 2023, with rental prices increasing by over 7%[32]. - The company anticipates that the US Federal Reserve may pause interest rate hikes in 2024, which could stimulate demand in the Hong Kong property market[35]. - The mainland economy is projected to continue its growth trajectory, with GDP growth of 5.2% in 2023 and further stimulus measures expected[34]. Community Engagement - The company has organized various community service activities, including participation in charity runs to support healthcare initiatives for underprivileged patients[123]. - The company has formed a volunteer team to participate in community service activities, demonstrating its commitment to social responsibility[117]. - The company has continuously supported the "School Start" program for ten years, providing resources and information to students[122]. - The company donated HKD 724,000 and provided approximately 178 hours of volunteer service in the reporting year[184].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 4,082,694, an increase of 31% compared to HKD 3,115,143 in 2022[3] - The operating loss for the year was HKD 17,903, significantly improved from a loss of HKD 572,575 in the previous year[3] - The net loss attributable to equity holders for 2023 was HKD 41,916, compared to a loss of HKD 533,971 in 2022, reflecting a substantial reduction in losses[5] - Total revenue for the year 2023 reached HKD 4,082,694, an increase from HKD 3,115,143 in 2022, representing a growth of approximately 31%[17] - Revenue from property agency services amounted to HKD 4,063,351 in 2023, up from HKD 3,095,311 in 2022, indicating a growth of about 31%[17] - The net income after rebates for property agency services was HKD 2,630,368, compared to HKD 2,335,845 in the previous year, reflecting an increase of approximately 13%[17] - The company reported a significant increase in rebates, totaling HKD 1,432,983 in 2023, compared to HKD 759,466 in 2022, which is an increase of about 89%[17] - The operating loss for the property agency segment was HKD 29,893 in 2023, a notable improvement from a loss of HKD 556,027 in 2022[17] - The group recorded a loss of HKD 546,391,000 in total performance for the year[100] Assets and Liabilities - Total assets decreased to HKD 3,569,187 in 2023 from HKD 3,825,416 in 2022, indicating a decline of approximately 6.7%[6] - The company’s total liabilities decreased to HKD 2,911,996 in 2023 from HKD 3,141,168 in 2022, a decline of about 7.3%[8] - The company’s equity attributable to equity holders decreased to HKD 657,191 in 2023 from HKD 684,248 in 2022, a decrease of approximately 4.0%[8] - As of December 31, 2023, the group's interest-bearing borrowings amounted to HKD 169.89 million, a decrease from HKD 228.24 million in the previous year[44] - The total asset-liability ratio improved to 25.9% as of December 31, 2023, down from 33.4% in the previous year[75] - The total assets as of December 31, 2023, were HKD 3,054,148,000, with liabilities totaling HKD 2,724,912,000, resulting in a net asset position[135] Cash and Cash Equivalents - The cash and cash equivalents increased to HKD 532,147 in 2023 from HKD 450,666 in 2022, showing a growth of about 18.1%[6] - As of December 31, 2023, the group's cash and bank deposits amounted to HKD 532,147,000, an increase of 18.1% from HKD 450,666,000 in 2022[155] Employee and Operational Costs - The company reported a decrease in employee costs to HKD 1,867,059 in 2023 from HKD 1,872,619 in 2022, a reduction of approximately 0.3%[3] - As of December 31, 2023, the group employed 4,731 full-time employees, a decrease from 5,705 in 2022[80] - The company implemented strategic cost control measures, resulting in significant cost savings while maintaining frontline operational strength[148] Market Conditions and Outlook - The economic outlook remains challenging, with rising interest rates and geopolitical instability impacting the Hong Kong property market[36] - The residential property transaction value in 2023 dropped by approximately 4.5%, posing significant challenges for the company[120] - The rental market showed strong performance with rental prices increasing by over 7% in 2023, attributed to enhanced housing demand[123] - The company plans to focus on market share acquisition and maintaining profitability amidst a challenging operating environment[126] - The company anticipates continued support from mainland buyers in 2024, as demand for residential properties remains strong despite market challenges[151] - The GDP growth in mainland China was 5.2% in 2023, with ongoing government support expected to stabilize and stimulate economic growth[152] Corporate Governance and Compliance - The group adheres to the corporate governance code as per the Hong Kong Stock Exchange Listing Rules throughout the fiscal year ending December 31, 2023[162] - The group has made sufficient provisions in its financial statements to cover potential liabilities from various claims and lawsuits[92] - The group’s financial statements were reviewed and agreed upon by its auditor, confirming alignment with the reported figures[94] Dividends and Shareholder Communication - The company did not recommend any dividend for the year ending December 31, 2023, consistent with the previous year[28] - The annual report for 2023 will be distributed to shareholders and published on the stock exchange and the company's website at an appropriate time[95]

Financial Performance - The company reported revenue of approximately HKD 2.354 billion for the six months ended June 30, 2023, representing a 37% increase compared to the same period in 2022[5]. - The profit attributable to equity holders was approximately HKD 390 million, a significant turnaround from a loss of HKD 232 million in the same period last year[5]. - The improvement in performance was primarily due to operational profits from "Midland Realty" and "Hong Kong Property," which recorded operating profits compared to losses in the previous year, driven by an increase in market share and successful capitalizing on the rebound in the Hong Kong residential property market[6]. - Revenue for the six months ended June 30, 2023, was HKD 2,353,952,000, representing a 37.1% increase from HKD 1,715,163,000 in the same period of 2022[60]. - Operating profit for the period was HKD 59,163,000, compared to an operating loss of HKD 246,827,000 in the previous year[60]. - Profit attributable to equity holders for the six months was HKD 39,059,000, a significant recovery from a loss of HKD 231,980,000 in the same period last year[60]. - Basic and diluted earnings per share for the period were HKD 5.45, compared to a loss per share of HKD 32.35 in the previous year[60]. - Total comprehensive income for the period was HKD 49,538,000, compared to a loss of HKD 228,574,000 in the same period of 2022[62]. Market Trends - The overall registration amount and volume of local residential properties increased by 6% and 11%, respectively, compared to the same period in 2022[8]. - The first quarter of 2023 saw a significant increase in transactions for properties priced over HKD 50 million, with 101 transactions, a 304% increase year-on-year[9]. - However, the market showed signs of slowing down in the second quarter, with a 24.2% quarter-on-quarter decline in second-hand residential property transactions[12]. - The company anticipates potential market recovery as domestic tourist numbers from mainland China remain below peak levels, indicating significant rebound potential[14]. - The company highlighted that the consumer price index showed a moderate increase of 3% and 3.2% in June and July 2023, respectively, compared to much higher rates in the previous year, which could improve local buyers' purchasing power if interest rates are lowered sooner than expected[14]. - The GDP of mainland China grew by 6.3% in the second quarter of 2023 compared to the same period in 2022, indicating potential benefits for the Hong Kong property market if further economic stimulus measures are implemented[14]. Financial Position - As of June 30, 2023, the group's cash and bank deposits amounted to HKD 449,582,000, a slight decrease from HKD 450,666,000 on December 31, 2022[25]. - The group's interest-bearing borrowings as of June 30, 2023, were HKD 200,927,000, down from HKD 228,236,000 on December 31, 2022[25]. - The net asset liability ratio remained at 0% as of June 30, 2023, consistent with December 31, 2022[26]. - The total asset liability ratio decreased to 27.4% as of June 30, 2023, from 33.4% on December 31, 2022[26]. - The current ratio was 1.1 as of June 30, 2023, unchanged from December 31, 2022, indicating sufficient financial resources[26]. - The return on equity for the six months ended June 30, 2023, was 5.32%, a significant recovery from -24.22% for the same period in 2022[26]. - Total assets as of June 30, 2023, amounted to HKD 4,035,242,000, an increase of 5.5% from HKD 3,825,416,000 as of December 31, 2022[64]. - Total liabilities increased to HKD 3,301,456,000 as of June 30, 2023, from HKD 3,141,168,000 at the end of 2022, representing a rise of 5.1%[65]. - The company’s current liabilities rose to HKD 3,165,543,000, up from HKD 2,769,572,000, marking an increase of 14.3%[65]. Employee and Operational Insights - As of June 30, 2023, the group employed 5,362 full-time employees, a decrease from 5,705 as of December 31, 2022[36]. - Employee costs increased to HKD 1,111,366,000 from HKD 1,020,514,000 year-on-year[60]. - The group received over 36,000 applications under the "High-end Talent Pass Scheme" by the end of June 2023, with approximately 26,000 approved[16]. - The rental market in Hong Kong has shown stronger performance than property prices recently, benefiting from new demand due to incoming talent[16]. Strategic Initiatives - The group has integrated AI tools into its online platform, resulting in a significant increase in active users, nearly double that of major competitors[22]. - The group has been selected as a partner by the Hong Kong government for various talent service initiatives, enhancing its role in the local market[22]. - The company plans to continue expanding its services in Hong Kong, mainland China, and Macau, focusing on property leasing and immigration consulting services[80]. - The company is exploring new strategies for market expansion and product development to enhance its competitive position in the real estate sector[80]. Loans and Borrowings - As of June 30, 2023, the group's outstanding loans amounted to HKD 18,618,000, a decrease from HKD 19,682,000 as of December 31, 2022, with 23 outstanding loans compared to 26 previously[30]. - The majority of the outstanding loans, approximately HKD 16,100,000, are property mortgage loans, representing about 86% of the total outstanding loan portfolio, with an average loan-to-value ratio of around 60%[30]. - The largest outstanding loan is HKD 10,000,000, accounting for approximately 54% of the total outstanding loans, secured by a first mortgage on non-residential properties with a loan-to-value ratio of 54%[30]. - The group has no loan impairment losses during the reporting period[30]. - The company’s total borrowings decreased from HKD 228,236,000 on December 31, 2022, to HKD 200,927,000 on June 30, 2023, indicating a strategic reduction in debt[65]. Related Party Transactions - For the six months ended June 30, 2023, the group received agency fee income from related companies amounting to HKD 31,406,000, a decrease of 26.2% compared to HKD 42,554,000 for the same period in 2022[124]. - The group paid rebates to related companies totaling HKD 8,383,000, down 28.5% from HKD 11,742,000 in the previous year[124]. - The group recognized a right-of-use asset of HKD 2,332,000 for a lease with a subsidiary of a related company, compared to HKD 2,420,000 for the same period in 2022[127]. - As of June 30, 2023, accounts receivable from related companies amounted to HKD 31,279,000, a decrease from HKD 35,994,000 as of December 31, 2022[128].

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，概不對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的任何損失承 擔任何責任。 截至二零二三年六月三十日止六個月 中期業績公告 美聯集團有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司（統稱「本集 團」或「集團」）截至二零二三年六月三十日止六個月（「中期期間」）之未經審核綜合中期業績， 連同比較數字如下： 簡明綜合收益表（未經審核） 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 附註 二零二三年 二零二二年 港幣千元 港幣千元 收益 3 2,353,952 1,715,163 其他收入，淨額 4 1,106 8,479 回贈 3 (764,643) (417,213) 員工成本 (1,111,366) (1,020,514) 廣告及宣傳開支 (51,659) (60,914) 辦公室及商舖物業經營租賃費用 (14,287) (18,099) 使用權資產攤銷 (241,688) (302,026) 物業及設備折舊 (25,302) (25,613) 金 ...