Core Viewpoint - The company aims to diversify its revenue sources and enhance property values through the operation of a theme park, which is expected to stimulate local real estate growth and development [1] Group 1: Lease Agreement and Development Plans - The company has entered into a lease agreement for a land area of approximately 145,600 square meters, where the existing theme park, Longfeng Mountain Villa, is located [1] - The theme park will be further developed by the company to enhance its appeal and scale, integrating it with nearby property development projects [1] Group 2: Strategic Location and Market Potential - The theme park is strategically located in Dongguan, near Shenzhen, in the heart of the Greater Bay Area, surrounded by natural resources suitable for various tourism products [1] - After over ten years of operation, the theme park has gained significant market recognition, providing a solid foundation for further upscale and diversified development [1] Group 3: Expected Benefits from Theme Park Operation - The operation of the theme park is expected to expand the company's business portfolio by generating stable income and cash flow through a cultural tourism business model [1] - The integration of cultural tourism operations is anticipated to drive local real estate growth, increasing property values and rental prices in the surrounding areas [1] - The company aims to establish a "tourism town" through the theme park, enhancing its brand effect in cultural tourism projects and exploring regional expansion opportunities [1] - Successful development of the theme park will strengthen the company's brand in cultural tourism, attracting quality partnerships and facilitating business expansion in other regions of China [1]

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，並明確表示不會就因本公佈全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 KRP Development Holdings Limited 嘉創房地產控股有限公司 （於開曼群島註冊成立的有限公司） 由於租賃協議項下擬進行交易涉及的最高適用百分比率（定義見上市規則） 超過5%但低於25%，故根據上市規則第十四章，租賃協議項下擬進行交易構 成本公司的須予披露交易。 – 1 – 董事會謹此宣佈，於二零二五年八月四日（交易時段後），本公司間接全資附屬 公司廣東嘉朗（作為承租人）與業主訂立一份租賃協議，內容有關向業主租賃 該土地。名為龍鳳山莊的主題公園（「主題公園」）現時坐落於該土地上，並將由 廣東嘉朗進一步開發。透過運營主題公園，本集團旨在分散其收入來源及業務 投資，提升相鄰物業的價值，進而帶動區內租金價值與物業銷售上升，最終推 動當地房地產經濟增長及發展。 租賃協議 （股份代號：2421） 須予披露交易 土地租賃協議 土地租賃協議 董事會謹此宣佈，於二零二五年八月四日（交易時段後）， ...

ANNUAL REPORT 2024/25 年度報告 ANNUAL REPORT 2024/25 年度報告 C M Y CM MY CY CMY K KRP Development AR2024-25 Cover_14.5mm OP.pdf 1 21/7/2025 上午9:08 Contents 目錄 2 Corporate Information 公司資料 5 Key Information for Shareholders 主要股東資料 7 Financial Highlights 財務概要 9 Chairman's Statement 主席報告 17 Corporate Governance Report 企業管治報告書 63 Senior Management Profile 高級管理人員的個人資料 71 Report of the Directors 董事會報告 99 Environmental, Social and Governance Report 環境、社會及管治報告 152 Independent Auditor's Report 獨立核數師報告 162 Consolidated Fina ...

Financial Performance - Revenue for the year ended March 31, 2025, was RMB 181,683,000, a decrease of 20% compared to RMB 226,877,000 in 2024[2] - Profit before tax decreased by 38% to RMB 53,057,000 from RMB 86,085,000 year-on-year[2] - Net profit attributable to equity holders was RMB 20,207,000, down 50% from RMB 40,069,000 in the previous year[2] - Basic and diluted earnings per share were RMB 4.0, a decline of 50% from RMB 7.9 in 2024[2] - The company reported a total comprehensive income of RMB 20,281,000, down from RMB 39,561,000 in the previous year[8] - The company reported a net financial income of RMB (3,109,000) in 2025, compared to RMB (2,581,000) in 2024, indicating a worsening of financial performance[23] - Basic earnings per share for 2025 were RMB 4.0, down from RMB 7.9 in 2024, reflecting a decrease of 49.4%[31] - The company’s total tax expense for 2025 was RMB 32,850,000, a decrease of 28.7% from RMB 46,016,000 in 2024[26] Asset and Liquidity Position - Total assets decreased to RMB 1,080,029,000 from RMB 1,158,344,000, reflecting a decline in current assets[4] - Cash and bank deposits decreased to RMB 133,118,000 from RMB 175,162,000, indicating a reduction in liquidity[4] - The value of inventory for properties held for sale decreased to RMB 877,961,000 in 2025 from RMB 964,736,000 in 2024, a reduction of 9.0%[5] - The company’s restricted cash balance decreased to RMB 2,566,000 in 2025 from RMB 3,796,000 in 2024, a decline of 32.5%[15] - The company’s other payables and accrued expenses decreased to RMB 35,162,000 in 2025 from RMB 56,912,000 in 2024, a decrease of 38.6%[17] - The total cash and bank deposits decreased to RMB 133,118,000 in 2025 from RMB 175,162,000 in 2024, representing a decline of 24.0%[15] Dividend and Shareholder Returns - The company did not declare a final dividend for the year, compared to a dividend of HKD 0.02 per share in 2024, representing a 100% decrease[2] - The board does not recommend the distribution of a final dividend for the fiscal year 2023/2024, which was previously set at HKD 0.02 per share[54] Development and Market Focus - The company plans to continue its focus on residential property development in Dongguan, Huizhou, and Foshan, maintaining its market presence in these regions[35] - The group is focusing on development in core cities of the Greater Bay Area, emphasizing urban renewal and rural revitalization[39] - The group plans to explore the integration of residential projects with cultural and tourism-related amenities to enhance project attractiveness and sustainability[44] - The outlook for the mainland real estate market indicates a gradual recovery, but rebuilding market confidence will take time[42] Operational Highlights - The Dongguan Jiahui Garden Phase III residential project delivered 13 units, generating revenue of RMB 36,570,000, with an average selling price of approximately RMB 20,200 per square meter[36] - The Dongguan Jiahui Garden Phase IV residential project delivered 59 units, recording revenue of RMB 119,649,000, with an average selling price of approximately RMB 20,600 per square meter[37] - As of March 31, 2025, the group's land reserves were approximately 230,791 square meters, down from 242,494 square meters a year earlier[36] Governance and Compliance - The audit committee has reviewed the financial statements for the year ending March 31, 2025, and confirmed compliance with applicable accounting standards[59] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[58] - There are no significant contingent liabilities reported as of March 31, 2025[50] - The company has not engaged in any purchase, redemption, or sale of its listed securities during the fiscal year ending March 31, 2025[56] Employee and Stakeholder Relations - The company has an average of approximately 65 employees as of March 31, 2025, with compensation policies including salaries, bonuses, and mandatory social insurance contributions in China[52] - The company has implemented a performance-based bonus system to reward outstanding employees[53] - The company expresses gratitude to all stakeholders, including customers, suppliers, bankers, and shareholders, for their continued support[60]

Financial Performance - Revenue for the six months ended September 30, 2024, was RMB 104,254,000, representing an increase of 2% from RMB 102,224,000 in the same period of 2023[8]. - Gross profit for the same period was RMB 63,641,000, down 9% from RMB 69,678,000 year-on-year[8]. - Operating profit decreased to RMB 41,147,000, a decline of 17% compared to RMB 49,502,000 in the previous year[8]. - Profit for the period was RMB 20,575,000, down 9% from RMB 22,604,000 in the prior year[12]. - Basic and diluted earnings per share were 4.1 RMB cents, compared to 4.5 RMB cents in the previous year[8]. - Total comprehensive income for the period was RMB 20,642,000, down from RMB 25,431,000 in the same period of 2023[12]. - Other net gains increased to RMB 2,084,000 from RMB 1,140,000 year-on-year[8]. - Selling and administrative expenses rose to RMB 24,578,000, up from RMB 21,316,000 in the previous year[8]. - Finance income increased to RMB 1,560,000, compared to RMB 1,329,000 in the same period of 2023[8]. - The company reported an income tax charge of RMB 22,131,000 for the period, compared to RMB 28,159,000 in the previous year[8]. - Total comprehensive income for the six months ended September 30, 2024, was RMB 20,642, compared to RMB 25,431 for the same period in 2023, reflecting a decline of 18.7%[22]. Cash Flow and Assets - Cash generated from operations was RMB 12,578 for the six months ended September 30, 2024, a significant improvement from a cash outflow of RMB 4,992 in the same period last year[26]. - Cash and cash equivalents at the end of the period were RMB 155,491, down from RMB 204,047 at the end of September 30, 2023, marking a decrease of 23.8%[26]. - The company paid dividends of RMB 9,359 during the period, compared to RMB 18,892 in the same period last year, a reduction of 50.5%[26]. - As of September 30, 2024, total net assets increased to RMB 860,506, up from RMB 849,223 as of March 31, 2024, representing a growth of 1.5%[14]. - Current liabilities decreased to RMB 481,024 as of September 30, 2024, from RMB 518,508 as of March 31, 2024, a decrease of 7.2%[14]. - Non-current liabilities increased slightly to RMB 880,548 from RMB 869,274, reflecting a rise of 1.6%[14]. - Cash and bank deposits totaled RMB 155,491,000 as of September 30, 2024, down from RMB 175,162,000, representing a decrease of approximately 11.2%[82]. Property and Development - The Group operates primarily in the Chinese Mainland, focusing on property sales and development in Dongguan, Huizhou, and Foshan[46]. - For the six months ended September 30, 2024, the revenue from property sales was RMB 104,254,000, compared to RMB 102,224,000 for the same period in 2023, reflecting a growth of approximately 2%[41]. - As of September 30, 2024, properties under development for sale amounted to RMB 186,359,000, an increase from RMB 174,698,000 as of March 31, 2024, reflecting a growth of approximately 10.0%[80]. - Completed properties held for sale decreased to RMB 742,208,000 from RMB 790,038,000, indicating a decline of about 6.1%[80]. - The Group's customer base was diversified, with no single customer accounting for more than 10% of the total revenue during the reporting period[43]. Taxation and Liabilities - The total income tax charge for the six months ended September 30, 2024, was RMB 22,131,000, compared to RMB 28,159,000 in 2023, reflecting a reduction of approximately 21.5%[57]. - The provision for Enterprise Income Tax (EIT) was RMB 5,654,000 for the period, down from RMB 14,463,000 in 2023, representing a decrease of approximately 60.9%[57]. - The Group's outstanding guarantees to banks for mortgage arrangements decreased to RMB 275,591,000 from RMB 347,753,000, a reduction of about 20.7%[92]. Corporate Governance and Compliance - The interim financial report has been prepared in accordance with the same accounting policies as the annual financial statements for the year ended March 31, 2024[30]. - The Group has not applied any new standards or interpretations that are not yet effective for the current accounting period, ensuring consistency in financial reporting[37]. - The audit committee reviewed the unaudited interim results and had no disagreements with the accounting treatment and policies adopted[198]. - The company complied with the Corporate Governance Code during the period and will continue to review its practices[199]. Shareholder Information - Mr. Ho Cheuk Fai held a total of 366,667,500 shares, representing 72.56% of the Company[159]. - Honford Investments holds 82,500,000 shares, representing 16.33% of the total shares[178]. - TMF holds 204,402,000 shares, which accounts for 40.45% of the total shares[178]. - The share option scheme adopted on August 26, 2022, was terminated on August 30, 2023, with no outstanding options remaining at the termination date[165]. - A new share option scheme was approved and adopted on August 30, 2023, which is valid for 10 years, leaving approximately 9 years remaining[168]. Future Outlook - The Group is optimistic about the long-term development of the real estate market, anticipating a gradual recovery in housing demand and sales performance in the second half of the year[120][123]. - The Group plans to diversify its business expansion strategy by integrating cultural, tourism, commercial, and residential elements to enhance operational efficiency[122][124]. - Current real estate regulatory policies include easing measures and economic incentives aimed at stabilizing the market, which may improve market sentiment[9].

Financial Performance - Revenue for the six months ended September 30, 2024, was RMB 104,254,000, representing a 2% increase from RMB 102,224,000 in the same period of 2023[3] - Profit attributable to equity holders for the same period was RMB 20,575,000, a decrease of 9% compared to RMB 22,604,000 in 2023[3] - Basic earnings per share for the six months ended September 30, 2024, was RMB 4.1, down from RMB 4.5 in the previous year, reflecting a 9% decline[3] - Gross profit for the period was RMB 63,641,000, compared to RMB 69,678,000 in 2023, indicating a decrease in gross margin[12] - The total tax expense for the six months ended September 30, 2024, was RMB 22,131,000, compared to RMB 28,159,000 for the same period in 2023[29] - The company plans to pay a final dividend of HKD 0.02 per share, amounting to RMB 9,359,000, down from RMB 18,892,000 in the previous period[39] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 1,122,688,000, slightly down from RMB 1,158,344,000 as of March 31, 2024[6] - Current liabilities decreased to RMB 481,024,000 from RMB 518,508,000, showing a reduction in short-term financial obligations[6] - The total equity value increased to RMB 860,506,000 from RMB 849,223,000, indicating a growth in shareholder equity[9] - The company reported a net cash and bank deposits of RMB 155,491,000, down from RMB 175,162,000, reflecting a decrease in liquidity[6] - The net asset liability ratio as of March 31, 2024, and September 30, 2024, is not applicable due to the company being in a net cash position[54] - The company has issued guarantees to banks for certain mortgage arrangements, with a total outstanding bank guarantee amounting to RMB 275,591,000 as of September 30, 2024[58] Project Development - The company's land reserves as of September 30, 2024, were approximately 236,756 square meters, down from 242,494 square meters as of March 31, 2024[42] - The Dongguan Jiahui Haoting Phase III residential project generated revenue of RMB 36,570,000, with 13 units delivered at an average price of RMB 20,200 per square meter[43] - The Dongguan Jiahui Haoting Phase IV residential project recorded revenue of RMB 51,145,000 from 24 units delivered, averaging RMB 21,900 per square meter[43] - The Dongguan Jiahui Haoting Phase V project generated revenue of RMB 13,963,000 from 4 units delivered, with an average price of RMB 24,500 per square meter[45] - The Huizhou Luofu Pavilion residential project, with a saleable area of approximately 30,300 square meters, recorded revenue of RMB 2,576,000 from 4 units delivered at an average price of RMB 7,800 per square meter[45] Strategic Focus and Future Outlook - The company plans to continue focusing on property development as its sole reporting segment, with no new segments introduced[19] - The company anticipates improved sales performance in the second half of the year, driven by supportive real estate policies and a gradual recovery in buyer sentiment[49] - The company plans to diversify its business development strategy, integrating culture, tourism, commerce, and residential sectors to enhance operational efficiency and achieve asset balance[51] - The company is committed to sustainable development by incorporating green building concepts into its real estate projects, aiming to create long-term value for stakeholders[48] - The company will continue to adopt flexible marketing and pricing strategies tailored to local conditions to manage inventory and enhance cash flow[49] Cash Flow Management - The company actively reduced inventory and strengthened cash flow, maintaining a healthy cash flow status despite a trend of "price for volume" in the real estate market[48] - The company completed the sale of its wholly-owned subsidiary, Dongguan Jiaxuntong Computer Products Co., Ltd., in August 2024, further enhancing cash flow[48] - As of September 30, 2024, the company held approximately RMB 155,491,000 in cash and bank deposits, ensuring sufficient resources for current operations and capital expenditures[55] Compliance and Governance - The company has adopted strict procedures to regulate directors' securities trading in compliance with the Listing Rules Appendix C3[68] - All directors confirmed compliance with the Standard Code during the relevant period[68] - The interim report for the period ending September 30, 2024, will be published on the Stock Exchange's website as required by the Listing Regulations[69]

Market Capitalization and Financial Performance - As of March 31, 2024, the market capitalization was HK$404,291,840, with a closing price of HK$0.80[11] - As of June 30, 2024, the market capitalization decreased to HK$343,648,064, with a closing price of HK$0.68[11] - The Company reported reserves of approximately RMB 306,300,000 available for distribution to shareholders as of March 31, 2024[165] - The total dividend paid/payable for this year amounted to HK2.0 cents per share, reflecting a decrease from the previous year's total of HK4.0 cents per share[82][86] - The Board has recommended a final dividend of HK2.0 cents per share, down from HK4.0 cents per share in the previous year, resulting in a total dividend of HK2.0 cents per share for the year[82][86] Corporate Governance and Compliance - The Group has applied the principles of the Corporate Governance Code and complied with all code provisions for the year ended 31 March 2024[92][95] - The Company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value[91][95] - The Board has reviewed the Shareholders Communication Policy, confirming its effectiveness during the year[50] - The Group has recognized the importance of compliance with regulatory requirements and has implemented systems to ensure ongoing adherence[171] - The Group has implemented anti-corruption and anti-bribery measures, with internal audits conducted to ensure compliance[70] Risk Management - The Group's success risks are categorized into four types: strategic, operational, compliance, and financial & reporting[28] - Operational risks include inefficient resource use and increased material costs, which can negatively impact profitability[28] - Compliance risks involve violations of laws in areas such as environmental regulations and employee health & safety[28] - Financial risks encompass currency exchange fluctuations, funding issues, and cash flow management[28] - The Company has implemented an Enterprise Risk Management (ERM) framework to enhance its ability to manage existing and emerging risks[30] - The ERM process ensures that all business risks are identified, measured, and managed effectively within a structured framework[30] - The risk assessment techniques are regularly monitored to verify their proper application and effectiveness[42] - The Group adopts a mixed top-down and bottom-up approach for risk analysis, identifying key risks and uncertainties in the PRC real estate market[195] Operational Management - The company has conducted operational management audits focusing on project tendering, budgeting, and other high-risk areas during the year[26] - The internal audit department reported key controls and risks to the board and audit committee, ensuring deficiencies are rectified[26] - The Group's management team closely monitors project quality, progress, safety, and materials to reduce costs and deliver quality properties[154] - The Group's professional management team strictly supervises project development processes to reduce costs and enhance competitiveness in the market[178] - The Group has established a professional team to maintain close communication with relevant authorities and study policy trends to adopt a more flexible sales approach[177] Employee Management and Development - The group had approximately 60 employees on average during the year, with remuneration packages including salary and bonuses based on performance assessments[117] - The group has adopted a performance-based bonus system to incentivize employees with outstanding performance[123] - The company has established a "Cooperative Home" program to encourage talent retention by assisting employees in purchasing homes[121] - The group has provided continuous training courses to its employees to enhance their skills[118] - The Group ensures reasonable remuneration for all staff and regularly reviews its policies on remuneration and benefits[174] Future Outlook and Strategic Plans - The company plans to announce the 2023/24 results on June 18, 2024[18] - The last day to register for the entitlement to attend and vote at the 2023/24 annual general meeting is August 23, 2024[11] - The annual general meeting is scheduled for August 30, 2024[11] - The Group is focusing on the sales of Phases 4 and 5 of Castfast Villas in Dongguan and development in the Greater Bay Area, aiming for financial stability and substantial investment returns[199] - The timing of property sales and the progress of development projects may cause fluctuations in financial performance, complicating future financial predictions[198] Shareholder and Market Relations - The Company provides appropriate communication channels to shareholders, ensuring transparency and accountability[50] - The Group maintains a customer complaint handling mechanism to improve service quality[174] - The Group has a good relationship with customers and has established a complaint handling mechanism to improve service quality[196] Miscellaneous - The company entered into a disposal agreement to sell its wholly-owned subsidiary for a consideration of RMB19,800,000, which was approved by independent shareholders[116] - There are no significant future investment or capital asset plans as of March 31, 2024[114] - The Group's operations are primarily conducted through subsidiaries in Hong Kong and Mainland China, complying with relevant laws and regulations in these regions[172] - The Group's operations are subject to extensive government policies and regulations, particularly in the PRC property sector, making it susceptible to adverse policy changes[197] - The maximum number of shares that can be issued under the new share award plan is capped at 10% of the issued share capital, equating to 50,536,480 shares[181] - No share options were granted, exercised, or lapsed under the new share award plan since its adoption on August 30, 2023[193]

Financial Performance - The company's property sales revenue for 2024 was RMB 226,877,000, a decrease from RMB 700,751,000 in 2023[6] - Revenue for the fiscal year ended March 31, 2024, was RMB 226,877,000, a decrease of 68% compared to RMB 700,751,000 in the previous year[33] - Profit attributable to equity holders for the same period was RMB 40,069,000, down 78% from RMB 180,846,000[33] - Basic earnings per share decreased to RMB 7.9, a 78% decline from RMB 35.8[33] - The company reported a gross profit of RMB 145,724,000, significantly lower than RMB 516,932,000 in the previous year[47] - The total income tax expense for 2024 was RMB 46,016,000, significantly lower than RMB 268,279,000 in 2023[10] - The financial income for 2024 was RMB 302,000, a decrease from RMB 6,419,000 in 2023[8] - The company reported a net financial cost of RMB (2,581,000) for 2024, compared to a net income of RMB 385,000 in 2023[8] - The company will propose a final dividend of 2.0 HKD cents per share, compared to 4.0 HKD cents in the previous year, reflecting a decrease in profitability[94] - The proposed final dividend is HKD 0.02 per share, totaling an annual dividend of HKD 0.02 per share, down from HKD 0.04 per share in the previous fiscal year[102] Cash and Assets Management - As of March 31, 2024, the total cash and bank deposits amounted to RMB 175,162,000, down from RMB 267,835,000 in 2023[17] - The company’s restricted cash decreased to RMB 3,796,000 in 2024 from RMB 10,503,000 in 2023[17] - The company currently holds cash and bank deposits of approximately RMB 175,162,000, sufficient to meet operational and capital expenditure needs and to make strategic investments when opportunities arise[97] - The company maintains a net cash position, with no applicable net debt ratio as of March 31, 2024[123] Inventory and Performance Obligations - The remaining performance obligations under contracts amounted to RMB 38,566,000 as of March 31, 2024, down from RMB 211,353,000 in 2023[23] - The company’s inventory of properties held for sale increased to RMB 174,698,000 in 2024 from RMB 166,207,000 in 2023[16] - The company reported a provision for inventory impairment loss of RMB 11,999,000 for 2024, compared to zero in 2023[16] - Administrative expenses decreased by approximately 33%, equivalent to RMB 15,000,000, demonstrating improved operational efficiency[118] Market Conditions and Strategy - The overall real estate market is experiencing significant volatility, with a substantial decline in contract sales volume and area throughout the year[59] - Profit attributable to equity holders was RMB 40,069,000, down about 78% from RMB 180,846,000 in the prior year, primarily due to external factors such as economic slowdown and a weak real estate market[75] - The company aims to maintain profitability and maximize shareholder value despite market challenges, focusing on resource optimization and operational efficiency[57] - The company aims to focus on projects in the Greater Bay Area and implement flexible marketing strategies to optimize pricing and reduce inventory[75] - The company is exploring a diversified business model in response to government rural revitalization policies, integrating culture, tourism, commerce, and residential elements[95] - The real estate industry faces ongoing operational challenges despite positive signals from national and local policies aimed at stimulating market demand[117] Organizational Structure and Human Resources - The company has a streamlined organizational structure and an efficient management team to enhance operational and competitive capabilities[75] - The company employs an average of 60 employees, with compensation based on qualifications, positions, and performance evaluations[127] Customer Base - The company had no single customer contributing over 10% of total revenue, indicating a diversified customer base[7] Land and Project Development - The total land reserve as of March 31, 2024, was approximately 242,494 square meters, down from 253,594 square meters a year earlier[55] - The company delivered 29 units in the Dongguan Jiahuai Garden Phase V, generating revenue of RMB 116,964,000, with an average selling price of approximately RMB 28,000 per square meter[56] - The company has delivered 38 units in the Dongguan project, generating revenue of RMB 95,109,000, with an average selling price of approximately RMB 26,300 per square meter[76] - The company has completed the Huizhou project with a total saleable area of approximately 30,300 square meters, generating revenue of RMB 5,285,000 from 8 delivered units[90] Future Plans - The company plans to sell its wholly-owned subsidiary for RMB 19,800,000, which is expected to streamline the corporate structure and reduce management costs[92] - The company continues to monitor foreign exchange risks, particularly related to USD and HKD, and aims to minimize currency conversion risks[124]

Financial Performance - Revenue for the six months ended September 30, 2023, was RMB 102,224, a decrease of 78.4% compared to RMB 473,010 in 2022[4] - Gross profit for the same period was RMB 69,678, down 80.3% from RMB 354,433 in 2022[4] - Operating profit decreased to RMB 49,502, a decline of 85.0% from RMB 329,791 in the previous year[4] - Profit for the period was RMB 22,604, representing a decrease of 84.2% compared to RMB 143,127 in 2022[4] - Finance income for the period was RMB 1,329, down 62.1% from RMB 3,507 in 2022[4] - The total income tax charge for the six months ended 30 September 2023 was RMB 28,159,000, compared to RMB 187,986,000 in the previous year, representing a decrease of 85%[134] - Basic earnings per share for the six months ended 30 September 2023 was 4.5 RMB cents, down from 28.3 RMB cents in the previous year, reflecting a decline of 84.1%[142] - Profit attributable to equity shareholders for the same period was RMB 22,604,000, down approximately 84% from RMB 143,127,000 in the previous year[40] Comprehensive Income - Other comprehensive income for the period was RMB 2,827, compared to a loss of RMB 42,104 in the same period last year[6] - The Group reported a total comprehensive income of RMB 25,431,000 for the period, which includes a profit of RMB 22,604,000 and other comprehensive income of RMB 2,827,000[67] Cash Flow and Liquidity - For the six months ended September 30, 2023, the net cash used in operating activities was RMB (4,992) thousand, compared to RMB 50,759 thousand generated in the same period of 2022[1] - The net cash used in investing activities amounted to RMB (70,687) thousand, an increase from RMB (60,359) thousand in the prior year[1] - The net cash generated from financing activities was RMB 4,863 thousand, a significant recovery from RMB (99,418) thousand used in the same period last year[1] - The total cash and cash equivalents at the end of the period were RMB 204,047 thousand, down from RMB 369,644 thousand at the end of September 2022[1] - The Group's cash and bank deposits as of 30 September 2023 amounted to RMB 195,684,000, down from RMB 252,940,000 as of 31 March 2023, a decline of 22.6%[122] - The Group's cash at bank and in hand decreased from RMB 257,332,000 to RMB 191,567,000, reflecting a significant reduction in liquidity[182] - The Group aims to maintain a strong liquidity position to capture future growth opportunities[190] Operational Strategy - The company is focusing on market expansion and new product development strategies to improve future performance[4] - The interim report indicates a strategic shift in operations to adapt to changing market conditions[4] - The Group aims to explore sales channels and implement precise sales strategies to achieve operating targets for the year 2023/2024[160] - The Group is focused on renewal projects in the Greater Bay Area, which are expected to have greater market resilience and growth potential[157] - The Group plans to explore a new business model integrating culture, tourism, and commerce, responding to the government's rural revival policy to enhance project quality and diversify growth[186] Property Development - Phase 4 of Castfast Villas, Dongguan delivered 16 units, generating revenue of RMB41,512,000 with an average selling price of approximately RMB28,000 per sq.m.[43] - Phase 5 of Castfast Villas, Dongguan delivered 14 units, recording revenue of RMB58,907,000 with an average selling price of approximately RMB28,600 per sq.m.[48] - Louvre Mansion, Huizhou completed with a total saleable area of approximately 30,300 sq.m., delivering 3 units and generating revenue of RMB1,805,000[49] - Revenue from property sales for the six months ended September 30, 2023, is not explicitly stated but is derived from the income from sales net of taxes and discounts[102] - Properties under development for sale amounted to RMB170,487,000, an increase from RMB166,207,000 in the previous period[170] - Completed properties held for sale decreased to RMB841,787,000 from RMB884,819,000 in the previous period[170] Financial Position - The Group's outstanding guarantees to banks for mortgage arrangements amounted to RMB398,707,000 as of 30 September 2023, down from RMB515,657,000 as of 31 March 2023[61] - The Group's total interest-bearing bank borrowings are approximately RMB18,892,000, which is due for repayment in December 2023[161] - The Group's net gearing ratio was not applicable as it maintained a net cash position, with total bank borrowings of approximately RMB 18,892,000 due for repayment in December 2023[198] - The Group's financial resources are expected to support current operations and capital expenditures, ensuring readiness for strategic investments[200] Human Resources - The company reported wages and salaries of RMB 8,932 thousand for the six months ended September 30, 2023, compared to RMB 8,077 thousand in the same period of 2022[110] - The contributions to the defined contribution retirement plan were RMB 374 thousand, slightly up from RMB 373 thousand in the previous year[110] - The Group continues to enhance its operational efficiency through talent recruitment and training, aiming to improve product quality[82] Market Outlook - The Group anticipates that the real estate market will transition from a state of fluctuation to equilibrium, supported by government policies, indicating a shift towards stable and healthy development[185] - The Group will maintain a prudent investment approach while controlling financial risks and enhancing operational efficiency[160] Corporate Governance - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2023[39] - The Group declared no interim dividend for the period, compared to RMB 65,000,000 declared in the same period of 2022[88] - The Group has not adopted any new standards or interpretations that have not yet come into effect during the accounting period[123] - The Group's business philosophy emphasizes resilience and a focus on achieving synergy for long-term development[197]

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，並明確表示不會就因本公佈全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 KRP Development Holdings Limited 嘉創房地產控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2421） 截至二零二三年九月三十日止六個月 未經審核中期業績 截至九月三十日止六個月 二零二三年 二零二二年 百分比變動 收入（人民幣千元） 102,224 473,010 -78% 權益持有人應佔溢利 （人民幣千元） 22,604 143,127 -84% 每股基本盈利（人民幣分） 4.5 28.3 -84% ...