董事會會議通知 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1832） 副主席、執行董事兼首席執行官 陳亨利， SBS, BBS, JP 香港，二零二五年八月一日 於本公告日期，本公司董事會成員包括(1)執行董事陳亨利博士、趙明傑先生、蘇陳詩婷女士 及張碧珊女士；(2)非執行董事陳守仁博士（主席）及陳偉利先生；及(3)獨立非執行董事陳樑才 先生、馬照祥先生及黃進達先生。 海天地悅旅集團有限公司（「本公司」，連同附屬公司統稱「本集團」）董事會（「董 事會」）宣佈於二零二五年八月二十九日（星期五）舉行董事會會議，藉以（其中 包括）(i)考慮及通過本集團截至二零二五年六月三十日止六個月的中期業績； 及(ii)考慮宣派中期股息（如有）。 承董事會命 海天地悅旅集團有限公司 ...

Financial Performance - Revenue for the fiscal year 2024 was $42.795 million, an increase of 15.8% from $36.847 million in 2023[10] - Operating loss decreased to $14.454 million from $18.183 million, showing an improvement in operational efficiency[10] - Loss attributable to owners of the company was $18.955 million, down from $22.961 million, representing a reduction in loss percentage from -62.3% to -44.3%[10] - The equity attributable to owners of the company decreased to $34.451 million from $51.558 million[10] - The group recorded revenue of approximately $42,795,000, an increase of $5,948,000 or 16.1% compared to last year[27] - The operating loss for the year was approximately $14,454,000, a reduction of $3,729,000 or 20.5% from last year[28] - The hotel and resort segment generated revenue of approximately $34,458,000, an increase of $6,264,000 or 22.2% compared to last year[32] - The luxury travel retail segment generated revenue of $7,414,000, a decrease of $534,000 or 6.7% compared to last year[39] - The destination services segment's revenue increased by $218,000 or 30.9% to $923,000, driven by higher occupancy rates and increased tour revenues[42] Visitor Trends - The number of visitors from China (including Hong Kong) to Saipan saw significant growth following the resumption of direct flights in April 2024[13] - Visitor numbers to Guam exceeded 739,000, a 12.7% increase from last year, reaching 44.4% of pre-pandemic levels[22] - Visitor numbers to Saipan reached approximately 229,000, a 6.2% increase from last year, accounting for 47.0% of pre-pandemic levels[22] - The number of Chinese visitors to Saipan increased from approximately 6,000 in 2023 to over 18,000 in 2024, representing 10.0% of pre-pandemic levels[23] Operational Changes - The company plans to permanently close Kanoa Resort starting June 15, 2025, to focus resources on optimizing the performance of the Crowne Plaza resorts[17] - Three out of six retail stores in Guam were renovated and relocated to stronger retail spaces, with one store still under renovation expected to complete by Q1 2025[16] - Crowne Plaza Resort Saipan's revenue increased by $4,489,000, a growth of 44.7% year-over-year[36] - The average occupancy rate for Crowne Plaza Resort Guam improved from 62.9% to 71.0%[34] - Crowne Plaza Resort Saipan's occupancy rate increased from 28.7% to 47.1% year-to-date[37] Cost Management - The group implemented effective cost-cutting measures, reducing employee costs by approximately $1,319,000 and food costs by approximately $643,000[28] - The total employee cost for the year was $14,613,000, down from $15,932,000 in 2023[64] - The group continues to implement effective cost-cutting measures to enhance profitability in its hotel and resort division[57] Management and Governance - The company has been led by Dr. Chen Shouren as Chairman since November 2018, who has over 50 years of experience in diversified investments in the Greater China region[65] - Dr. Chen Hengli has served as Vice Chairman and CEO since November 2018, bringing over 40 years of business experience in the region[66] - The management team has a strong educational background, with degrees from the University of Guam and Cornell University, contributing to their expertise in business management[66][69] - The company maintains compliance with corporate governance codes as per the listing rules[121] Shareholder Relations - The company maintains open communication with shareholders and investors through various channels, ensuring transparency and timely updates[54] - As of December 31, 2024, the company has a distributable reserve of $86,836,000 available for distribution to shareholders[106] - No interim dividend was declared for the year, and the board decided against recommending a final dividend[86] Risk Management - The board acknowledges various risks and uncertainties that may impact business operations and financial performance[93] - The business operations and performance may be affected by various external and inherent factors, including macroeconomic conditions and political environment[157] - The group faces significant risks from natural disasters, including super typhoons and floods, which could severely impact leisure tourism operations and property conditions[162] - The COVID-19 pandemic continues to pose uncertainties for the group's business operations and financial performance, particularly due to reduced flight availability[162] Sustainability and Corporate Social Responsibility - The company is committed to integrating sustainability into daily operations and strategies, reflecting stakeholder concerns and needs[186] - The company emphasizes eight core values to maintain a competitive edge in a dynamic market environment[175] - The company maintains a zero-tolerance policy towards child and forced labor, ensuring all employees sign legally binding contracts and receive labor rights protection training[195] - The company collaborates with external sustainability professionals to develop and execute sustainability project goals and strategies[184] Related Party Transactions - The company reported related party transactions totaling USD 997,000 for medical insurance and USD 2,218,000 for selected holiday package transactions[134] - The company’s related party transactions are deemed fair and reasonable, aligning with the overall interests of the group and its shareholders[136] - The agreements with related parties, including TakeCare and Cosmos, are deemed to be in the best interest of the company and its shareholders due to their established relationships and operational scale[138][140] Employee Relations - The company emphasizes a zero-tolerance policy towards harassment and discrimination, promoting a diverse and inclusive workplace[200] - There were no significant violations of labor laws related to compensation, hiring, promotion, working hours, or discrimination in Hong Kong, Saipan, Guam, or Hawaii during the reporting period[198]

Financial Performance - The company's revenue for the year ended December 31, 2024, was $42.795 million, an increase of 15.8% from $36.847 million in 2023[4] - The operating loss decreased to $14.454 million in 2024 from $18.183 million in 2023, reflecting an improvement in operational efficiency[5] - The loss attributable to the company's owners was $18.955 million, down from $22.961 million in the previous year, indicating a reduction of 17.5%[5] - The gross loss margin improved to -44.3% in 2024 from -62.3% in 2023, showcasing better cost management[4] - Basic loss per share improved to 5.3 cents in 2024 from 6.4 cents in 2023, indicating a positive trend in financial performance[5] - The adjusted pre-tax loss for the total group was $19.081 million in 2024, an improvement from a loss of $23.064 million in 2023, indicating a reduction of approximately 17.3%[22] - The total segment performance showed a loss of $12.744 million in 2024, improved from a loss of $16.422 million in 2023, indicating a decrease in losses by about 22.5%[22] Assets and Liabilities - Total assets decreased to $140.114 million in 2024 from $157.323 million in 2023, primarily due to a reduction in non-current assets[6] - Non-current liabilities increased to $48.112 million in 2024 from $37.019 million in 2023, reflecting higher borrowing levels[7] - Current liabilities decreased to $58.024 million in 2024 from $69.098 million in 2023, indicating improved short-term financial health[7] - The company reported a total of $34.292 million in contract revenue from customers in the hotel and resort segment, with significant contributions from room rates and dining services[24] - The company reported a net financial cost of $4,627,000 in 2024, down from $4,881,000 in 2023, indicating a decrease of 5.2%[28] - The total liabilities decreased to $11,857,000 in 2024 from $14,112,000 in 2023, a reduction of 16.0%[35] Revenue Segmentation - The hotel and resort segment generated $34.458 million in revenue, up from $28.194 million in the previous year, marking a growth of about 22.5%[22] - The destination services segment reported a revenue of $923 thousand, compared to $705 thousand in 2023, reflecting a growth of around 31%[22] - The luxury travel retail segment reported revenue of $7,414,000, a decrease of $534,000 or 6.7% year-over-year[53] - The destination services segment's revenue increased by $218,000, marking a growth of 30.9% compared to the previous year[55] Operational Developments - The company operates hotels and resorts in Saipan and Guam, and engages in high-end leisure retail in Saipan, Guam, and Hawaii, focusing on market expansion[8] - Kanoa Resort remains closed, with plans for permanent closure announced for June 15, 2025, allowing the group to focus on optimizing the performance of its two Crowne Plaza resorts[13] - The group maintains a cautiously optimistic outlook on the recovery of leisure travel and operational cash inflows from its hotels in Guam and Saipan[10] - The company is actively promoting Saipan as a tourist destination in South Korea and China to enhance market recovery[60][61] Employee and Cost Management - Employee benefits expenses, including salaries and other benefits, decreased to $14,569,000 in 2024 from $15,883,000 in 2023, a reduction of 8.3%[29] - The group implemented effective cost-cutting measures, reducing employee costs by approximately $1,319,000 and food and beverage costs by approximately $643,000[43] - The company has reduced its full-time employee count to 331 as of December 31, 2024, down from 402 the previous year[74] Future Outlook and Funding - The group has sufficient operating funds to meet its financial obligations for at least the next twelve months from December 31, 2024[11] - The group will consider obtaining additional funding sources as needed to improve its financial condition and support operations[13] - Tan Holdings has committed to provide an additional $9,000,000 in standby shareholder loan financing after the fiscal year-end[10] Compliance and Governance - The group has complied with all financial covenants related to a total bank financing of $48,000,000 as of December 31, 2024[10] - The company has complied with all applicable provisions of the corporate governance code during the year[78] - The audit committee has reviewed the consolidated financial statements for the year and found no discrepancies, confirming compliance with applicable accounting standards and regulations[79] Visitor Trends - Visitor arrivals in Guam exceeded 739,000, a year-on-year increase of approximately 12.7%, reaching 44.4% of pre-pandemic levels[39] - The number of visitors from Japan to Guam surged by approximately 52.8% in 2024, making Japan the second-largest source market[40] - The number of visitors from China (including Hong Kong) to Saipan increased from about 6,000 in 2023 to over 18,000 in 2024, representing 10.0% of pre-pandemic levels[40] Dividends and Shareholder Information - The company did not declare any dividends for the year ended December 31, 2024, consistent with the previous year[32] - No interim dividend was declared for the year, and the board has resolved not to recommend a final dividend for the year[81] - The annual report containing the required information will be sent to shareholders and published on the company's website and the stock exchange's website[84]

Kanoa Resort自2022年七月以来一直关闭。此期间内，本集团不断为Kanoa Resort的翻新及品牌重塑工作 进行规划，以待旅游市场全面复苏后随即作为"voco Resort Saipan"重新开业。 然而，鉴于延迟恢復往来塞班及其主要客源市场的航班，令塞班的休閒旅游市场复苏进度相当缓慢。于 2024年，塞班录得到访旅客约229000人次，仅佔2019年(疫情前)到访旅客人数约47.0%。儘管本集团位 于塞班的酒店入住率自疫情结束以来一直稳定上升，但本集团旗下Crowne Plaza Resort Saipan作为市内 最新的酒店，2024年的入住率仅达47.1%。鉴于入住率低于预期， Kanoa Resort于可见未来重新开业未 必对本集团有利，尤其当Kanoa Resort会与本集团位于塞班的其他酒店竞争，则情况更甚。 智通财经APP讯，海天地悦旅(01832)发布公告，该集团管理层已就集团位于塞班Susupe的酒店Kanoa Resort("Kanoa Resort"，自2022年七月以来未有营业)的未来发展作出决策。 经审慎考虑塞班休閒旅游市场复苏步伐以及对Kanoa Resort进行翻新 ...

海 天 地 悦 旅 集 團 有 限 公 司 S.A.I. LEISURE GROUP COMPANY LIMITED (於開曼群島註冊成立的有限公司) 股份代號：1832 中期報告 2024 漫合產品 赶張 | 文神 免費任的林宾 FSC® C157924 目錄 頁次 公司資料 2 獨立審閱報告 4 簡明合併損益及其他綜合收益表 6 簡明合併財務狀況表 8 簡明合併權益變動表 10 簡明合併現金流量表 11 簡明合併中期財務資料附註 12 管理層討論及分析 44 其他資料 56 如本中期報告英文版本與中文版本有任何歧義，概以英文版本為準。 公司資料 陳守仁博士，GBS | --- | --- | |------------------------------------|-----------------------------------------| | 董事會 | 授權代表 （就上市規則而言） | | 執行董事 | 陳亨利博士， BBS, JP | | 陳亨利博士， BBS, JP | 張碧珊女士 | | （副主席兼首席執行官） | | | CHIU George 先生（亦稱趙明傑先生） | | | 蘇 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was $21,097 thousand, representing a 46.5% increase from $14,391 thousand in the same period of 2023[1] - Operating loss decreased to $(7,033) thousand from $(10,929) thousand, showing an improvement of 35.5% year-over-year[2] - Loss attributable to shareholders improved to $(9,667) thousand, compared to $(13,112) thousand in the previous year, reflecting a 26.5% reduction[2] - Gross loss margin improved to -45.8% from -91.1%, indicating a significant recovery in profitability[1] - Basic loss per share decreased to (2.7) cents from (3.6) cents, marking a 25% improvement[2] - The company reported a total segment loss of $(6,228) thousand for the six months ended June 30, 2024, an improvement from a loss of $(10,130) thousand in the same period of 2023[13] - The company’s net loss for the period was $(9,743) thousand, compared to a net loss of $(13,216) thousand in the previous year, showing a reduction of approximately 26.5%[13] Assets and Liabilities - Total assets as of June 30, 2024, were $151,724 thousand, down from $157,323 thousand at the end of 2023[3] - Total liabilities increased to $110,261 thousand from $106,117 thousand, indicating a rise of 4.0%[4] - Non-current liabilities decreased to $33,035 thousand from $37,019 thousand, a reduction of 10.7%[4] - Current liabilities rose to $77,226 thousand from $69,098 thousand, reflecting an increase of 11.5%[4] - As of June 30, 2024, the group reported a net current liability of $59,301,000 and a net loss of $9,743,000 for the six-month period[7] - Trade receivables as of June 30, 2024, were $4,733,000, down from $6,290,000 as of December 31, 2023, reflecting a decrease of 24.7%[24] - Trade payables to third parties increased to $3,544,000 as of June 30, 2024, from $2,811,000 as of December 31, 2023, marking an increase of 26%[26] Revenue Segments - The hotel and resort segment generated revenue of $17,157 thousand, up from $10,683 thousand in the previous year, marking a growth of about 60.5%[14] - The high-end travel retail segment reported revenue of $3,506 thousand, compared to $3,472 thousand in the prior year, indicating a slight increase of 1%[13] - The destination services segment achieved revenue of $434 thousand, up from $236 thousand, reflecting an increase of 83.9%[13] - Revenue from the hotel and resort segment was about $17,157,000, up $6,474,000 or 60.6% year-over-year, driven by increased occupancy rates at Crowne Plaza Resort Guam and Crowne Plaza Resort Saipan[32] Operational Efficiency - Employee costs decreased by approximately $286,000 compared to the same period last year, contributing to improved operational efficiency[30] - Total employee benefits expense for the six months ended June 30, 2024, was $7,314,000, slightly down from $7,600,000 in 2023, a decrease of 3.8%[20] - Employee count decreased to 351 as of June 30, 2024, down from 397 a year earlier, reflecting operational efficiency reviews[51] Financial Management and Strategy - The group plans to accelerate the collection of trade receivables and control capital and operating expenditures to generate sufficient operating cash flow[8] - The board believes that the group will have sufficient working capital to meet its financial obligations for at least the next twelve months, based on cash flow forecasts and planned measures[8] - The group has committed to consider additional funding sources as needed to improve its financial condition and support operations[8] - The company continues to implement cost-saving measures and improve operational efficiency at its Crowne Plaza resorts to enhance profitability[41] - The management continues to explore potential acquisition opportunities to sustain long-term growth[49] Market and Visitor Trends - In the first half of 2024, Guam welcomed over 386,000 visitors, a 30.7% increase compared to the same period last year, reaching 48.5% of pre-pandemic levels[28] - Saipan saw approximately 105,000 visitors in the first five months of 2024, marking a 49.6% increase year-over-year and 51.5% of pre-pandemic levels[28] - The reopening of direct flights from Hong Kong to Saipan in April 2024 significantly boosted visitor numbers from China, with 7,310 visitors recorded in the first five months, a tenfold increase year-over-year[28] - Visitor numbers to CNMI are steadily increasing, with a cautious optimism for continued growth in the second half of 2024[46] Corporate Governance and Reporting - The company has no issued potential dilutive ordinary shares, thus no adjustment was made to the basic loss per share for the periods ended June 30, 2024, and 2023[22] - The company has no significant contingent liabilities as of June 30, 2024[50] - The mid-term report will be published on the company's website and the Hong Kong Stock Exchange website[58] - The report is in compliance with the listing rules of the Hong Kong Stock Exchange[58] - The company is committed to transparency and timely disclosure of financial information[58] - The board consists of a diverse group of members with various expertise[58] - The announcement date is August 29, 2024[58]

Financial Performance - The company's revenue for the fiscal year 2023 was $36.847 million, a significant increase from $15.751 million in 2022, representing a growth of 133.5%[12] - Operating loss for the year was $18.183 million, compared to a loss of $12.472 million in the previous year, indicating a deterioration in operational performance[12] - Loss attributable to owners of the company was $22.961 million, which is an increase from $11.425 million in 2022, reflecting a higher percentage of loss at -62.3% of revenue compared to -72.5% in the prior year[12] - The company reported a basic loss per share of 6.4 cents, up from 3.2 cents in 2022, indicating increased losses on a per-share basis[12] - The group recorded revenue of approximately $36,847,000 for the year, an increase of $21,096,000 compared to last year's revenue of approximately $15,751,000, representing a growth of 133.5%[28] - Revenue from the Guam operations increased by 312.7%, while revenue from Saipan operations increased by 43.2% due to the reopening of Crowne Plaza Resort Guam and Crowne Plaza Resort Saipan[28] - The hotel and resort segment generated total revenue of $28,194,000, an increase of $20,134,000 or 249.8% compared to the previous year, primarily driven by the recovery of Crowne Plaza Resort Guam and Crowne Plaza Resort Saipan[34] - Crowne Plaza Resort Guam's revenue increased by $17,343,000, a growth of 3,102.5%, reaching approximately 88.8% of its pre-pandemic revenue level[36] - The high-end travel retail segment generated revenue of $7,948,000, an increase of $500,000 or 6.7% from last year, primarily due to increased visitor numbers in Guam and Saipan[41] - The destination services segment's revenue reached $705,000, a significant increase of $462,000 or 190.1% from the previous year, driven by the reopening of convenience stores in Crowne Plaza Resort Saipan[45] Tourism Recovery - The number of visitors to Guam and the Commonwealth of Northern Mariana Islands (CNMI) doubled compared to 2022, showing a strong recovery in tourism[16] - Visitor arrivals to Guam in 2023 exceeded 656,000, approximately double the number from 2022 and 39.4% of the pre-pandemic levels in 2019[23] - Visitor arrivals to Saipan in 2023 exceeded 215,000, about 2.2 times the number from 2022 and 44.3% of the pre-pandemic levels in 2019[23] - The major source markets for visitors to Guam and CNMI in 2023 were South Korea, accounting for 56.6% and 82.3% of total visitors, respectively[24] - The company anticipates that the international tourism industry will fully recover to pre-pandemic levels by the end of 2024, with an estimated growth of 2.0% compared to 2019 levels[50] Strategic Initiatives - The company plans to reopen Kanoa Resort under the "voco Resort Saipan" brand after renovations, indicating a strategy for market expansion and brand enhancement[17] - The group plans to rebrand and renovate Kanoa Resort, which has been closed since July 2022, to reopen as "voco Resort Saipan"[27] - The company aims to maintain market share and adjust operational strategies to improve segment profits and hotel operational efficiency in the recovering tourism market[17] - The company has implemented effective cost-cutting measures and relocated some retail stores to stronger locations to enhance profitability in the high-end travel retail segment[18] - The company continues to implement effective cost-saving measures and adjust operational strategies with IHC Hotel Limited to mitigate financial impacts and enhance operational efficiency[35] Capital Expenditure and Financing - The total capital expenditure for the asset optimization plan in 2023 was approximately $8.7 million, funded through internal cash flow, proceeds from the IPO, and shareholder loans[63] - The capital expenditure for the renovation and rebranding of Kanoa Resort is partially funded by internal resources and external financing, with the project still in a cautious planning phase due to market recovery[53][54] - As of December 31, 2023, the group had cash and bank deposits totaling approximately $4.44 million, a slight increase from the previous year[63] - As of December 31, 2023, the group had $42.63 million in interest-bearing term loans and $5 million in revolving loans, with a repayment schedule outlined for the next five years[64] - The company's capital debt ratio increased to 93.0% as of December 31, 2023, compared to 64.7% in 2022[69] Employee and Operational Insights - The total employee cost for the year was approximately $15,932,000, significantly up from $7,383,000 in 2022[72] - The company employed 402 full-time employees as of December 31, 2023, an increase from 372 in 2022[72] - The group faces risks related to labor shortages, which could impact service quality and operational performance, as the hotel and resort division requires a significant workforce[188] Related Party Transactions - The company has established a new framework agreement with Quanzhou Century Travel, setting annual caps for selected holiday package transactions at $5,079,000, $16,311,000, and $17,465,000 for the next three years[162] - The total value of related party transactions for the year includes $326,000 for selected holiday package transactions, $1,086,000 for medical insurance, and $268,000 for freight and logistics transactions[161] - The company has a long-term cooperative model with Quanzhou Century Travel, which stabilizes sales and enhances hotel revenue, mitigating risks associated with seasonal declines in the Saipan leisure tourism market[162] - The company’s related party transactions do not require independent shareholder approval under the listing rules, except for certain non-exempt continuing connected transactions[159] Risk Management - The group closely monitors macroeconomic conditions that could impact leisure tourism and consumer spending, particularly in response to changes in disposable income, sales tax, unemployment rates, and fuel costs[185] - The group regularly conducts risk assessments and has comprehensive insurance coverage for properties, business operations, and third-party liabilities[193] - The COVID-19 pandemic continues to pose major risks to the group's business operations and financial performance, particularly due to reduced flight numbers[193] Governance and Compliance - The company has received confirmation letters regarding the independence of all independent non-executive directors as per listing rules[141] - The group is committed to compliance with all relevant laws and regulations, which incurs compliance costs, and has entered into several hotel management agreements with a term of 25 years[191] - The environmental, social, and governance report for 2023 has been released, covering operations in Hong Kong and leisure tourism businesses in the US territories of Saipan, Guam, and Hawaii[196]

Financial Performance - Revenue for the year ended December 31, 2023, was $36,847,000, a significant increase from $15,751,000 in 2022, representing a growth of 133.5%[2] - The operating loss for the year was $(18,183,000), compared to $(12,472,000) in the previous year, indicating a deterioration in operational performance[4] - Loss attributable to equity holders of the company was $(22,961,000), up from $(11,425,000) in 2022, reflecting an increase of 100.5% in losses[4] - Basic loss per share for the year was $(6.4), compared to $(3.2) in 2022, showing a worsening in per-share performance[4] - Adjusted loss before tax for the total group was $23.064 million in 2023, compared to a loss of $13.758 million in 2022, representing an increase in losses of approximately 67.9%[25] - The total net loss for the year was $22.971 million in 2023, compared to a net loss of $11.494 million in 2022, which is an increase of about 100.1%[25] Revenue Segments - The hotel and resort segment generated revenue of $28.194 million in 2023, compared to $8.060 million in 2022, marking an increase of about 349.4%[25] - The high-end travel retail segment reported revenue of $7.948 million in 2023, up from $7.448 million in 2022, reflecting a growth of approximately 6.7%[25] - The destination services segment earned $705,000 in 2023, compared to $243,000 in 2022, indicating a growth of about 189.3%[25] - Contract revenue from hotels and resorts was $28,032,000 in 2023, compared to $7,971,000 in 2022, indicating a growth of about 251.5%[35] - The total revenue from the Guam business increased by 312.7%, while the Saipan business revenue rose by 43.2%[60] Assets and Liabilities - Total assets as of December 31, 2023, were $157,323,000, slightly down from $158,508,000 in 2022[5] - Total liabilities increased to $106,117,000 from $84,331,000, indicating a rise in financial obligations[6] - Non-current liabilities rose significantly to $37,019,000 from $19,323,000, primarily due to increased borrowings[6] - As of December 31, 2023, the group reported a net current liability of $49,930,000 and a net loss of $22,971,000 for the year[11] - The group has outstanding interest-bearing term loans totaling $42,633,000 and revolving loans of $5,000,000, which are required to be repaid for ongoing renovations of hotels in Guam and Saipan[11] Cash Flow and Liquidity - Cash and cash equivalents increased to $4,438,000 from $3,451,000, showing improved liquidity[5] - The group has cash and cash equivalents of approximately $4,438,000, which may not be sufficient to cover current liabilities[11] - The company reported a financial cost net of $4,881,000 in 2023, compared to $1,286,000 in 2022, reflecting a significant increase in financial expenses[37] Operational Strategies - The group anticipates a cautious recovery in leisure travel and business operations, which is expected to generate operational cash inflows from hotel operations[11] - The group plans to accelerate the collection of outstanding trade receivables and control capital and operating expenditures to maintain sufficient operating cash flow[14] - The company continues to implement cost-saving measures and adjust operational strategies to mitigate financial impacts during the recovery phase[65] Governance and Compliance - The board of directors includes three executive directors and three independent non-executive directors, ensuring a diverse governance structure[116] - The company emphasizes compliance with regulatory requirements in its reporting practices[116] - The board composition reflects a mix of executive and independent directors, which may enhance decision-making processes[116] - The company is committed to transparency in its financial disclosures, aligning with best practices in corporate governance[116] Future Outlook - International tourism is expected to fully recover to pre-pandemic levels by the end of 2024, with an estimated growth of 2.0% compared to 2019[81] - The management anticipates beneficial synergies among the three hotels under the InterContinental Hotels Group once the leisure travel market fully recovers[86] - The company is exploring potential acquisition opportunities to sustain long-term growth and maximize shareholder value[89]

Financial Performance - The company reported revenue of $14,391,000 for the six months ended June 30, 2023, representing a 52.5% increase compared to $9,459,000 for the same period in 2022[16]. - The company reported a basic and diluted loss per share of 3.6 cents, compared to 0.1 cents in the previous year, highlighting deteriorating earnings performance[19]. - The company incurred a net loss of $13,112 thousand during the first half of 2023, compared to a loss of $493 thousand in the same period of 2022[26]. - The company reported a pre-tax loss of $13,216 million for the first half of 2023, compared to a loss of $1,002 million in the same period of 2022[49]. - The group reported a loss attributable to shareholders of $13,112,000 for the six months ended June 30, 2023, compared to a loss of $493,000 for the same period in 2022[71]. Operational Challenges - Operating loss for the period was $10,929,000, compared to a loss of $538,000 in the previous year, reflecting a significant increase in operational challenges[16]. - The company had a net current liability of $42,181,000 as of June 30, 2023, raising concerns about its ability to continue as a going concern[14]. - Cash and cash equivalents stood at $3,085,000, which is insufficient to cover the current liabilities due in the near term[14]. - The ability to continue as a going concern is subject to significant uncertainty and depends on the success of the group's plans and measures[38]. Cost Management - The cost of goods sold was $1,929,000, down from $2,488,000, indicating a 22.4% reduction[16]. - Employee benefits expenses surged to $7,600,000, a significant increase from $1,798,000, indicating rising operational costs[16]. - Financial costs increased to $2,288,000 from $464,000, reflecting higher borrowing costs impacting overall financial health[16]. - The group continues to implement effective cost-saving measures to mitigate negative financial impacts during the reopening of the two Crowne Plaza hotels[131]. Assets and Liabilities - Total assets increased to $160,219 thousand as of June 30, 2023, compared to $158,508 thousand at the end of 2022, reflecting a growth of 1.1%[22]. - Non-current liabilities rose significantly to $37,835 thousand from $19,323 thousand, marking an increase of 96.5%[23]. - The company’s total liabilities reached $99,258 thousand, up from $84,331 thousand, representing a growth of 17.7%[23]. - The total trade and other payables as of June 30, 2023, amount to $11,746,000, an increase from $10,077,000 as of December 31, 2022, driven by higher accrued expenses and other payables[93]. Revenue Segmentation - Revenue from hotel and resort operations was $10,624 million, up from $5,841 million, representing an 81.5% increase year-over-year[51]. - The luxury retail segment generated $3,472 million in revenue, compared to $3,574 million in the previous year, indicating a slight decrease of 2.9%[51]. - The group’s hotels in Guam and Saipan reopened in Q4 2022, with cautious optimism regarding the recovery of leisure travel and operational performance[37]. - The hotel and resort segment generated revenue of approximately $10,683,000, an increase of $4,900,000 or 84.7% compared to the same period last year, primarily due to the reopening of Crowne Plaza Resort Guam and Crowne Plaza Resort Saipan[130]. Future Plans and Strategies - The company is exploring new strategies for market expansion and product development to address current financial challenges[14]. - The company plans to continue expanding its hotel and resort operations in Saipan and Guam, as well as its retail business in high-end leisure apparel and accessories[30]. - The group anticipates generating sufficient operating cash flow through measures such as accelerating the collection of trade receivables and controlling capital and operating expenditures[37]. - The company plans to open additional retail brand stores and upgrade hotel facilities, which may incur additional expenditures in the future[192]. Compliance and Governance - The company has maintained compliance with corporate governance codes throughout the reporting period[194]. - The audit committee has reviewed the interim financial data and found no discrepancies[193]. - The group has received financial support commitments from Tan Holdings to assist in repaying debts due in the foreseeable future[37].

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，並明確表示概不就因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1832） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 本集團財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 千美元 千美元 （未經審核）（未經審核） 收益 14,391 9,459 經營虧損 (10,929) (538) 本公司股東應佔虧損 (13,112) (493) 毛利率（本公司股東應佔虧損佔收益比率） -91.1% -5.2% 每股基本虧損（美仙） (3.6) (0.1) 海天地悅 旅集團有限公司（「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」）截至二零二三年六月三十日止六個月（「報告期間」） ...