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% ...

Financial Performance - Revenue for the fiscal year 2022/23 was RMB 701 million, a decrease of 9.7% from RMB 776 million in 2021/22[19] - Net profit for the fiscal year 2022/23 was RMB 181 million, down 26% from RMB 244 million in the previous year[19] - Basic earnings per share decreased to RMB 35.8 cents from RMB 48.2 cents year-on-year[19] - The final proposed dividend for the fiscal year 2022/23 is 4.0 HK cents per share, with no dividend declared in the previous year[19] - For the year ended 31 March 2023, the Group's revenue was RMB 700,751,000, a decrease of approximately 10% compared to RMB 775,555,000 for the year ended 31 March 2022[33] - Profit attributable to equity shareholders was RMB 180,846,000, compared to RMB 243,660,000 for the year ended 31 March 2022[33] - The gross profit margin for the year was 74%, down from 76% in the previous year[33] Assets and Market Capitalization - Total assets as of 31 March 2023 were RMB 1,975 million, compared to RMB 2,201 million as of 31 March 2022[24] - The market capitalization as of 31 March 2023 was HK$ 707.5 million, which decreased to HK$ 576.1 million by 30 June 2023[14] - The company’s share price closed at HK$ 1.40 on 31 March 2023, dropping to HK$ 1.14 by 30 June 2023[14] Strategic Initiatives and Future Outlook - The company is focusing on market expansion and new product development as part of its strategic initiatives[19] - Future outlook includes a commitment to improving operational efficiency and exploring potential mergers and acquisitions[19] - The Group expects the real estate market to recover due to government support measures and the relaxation of property market control policies[36] - The Group aims to actively seek partners that align with its strategic needs to enhance asset value and stimulate economic prosperity in the development region[64] Operational Efficiency and Development - The Group is enhancing its operational efficiency by monitoring development progress and costs across various phases of project management[39] - The Group is focusing on developing high-quality properties that meet diverse market demands, including the "Villas" and "Mansion" series[39] - The Group is increasing investment in urban planning and building design to align with local government policies for urban renewal[41] - The Group recorded a net cash inflow from operations and fully settled its bank borrowings during the year, enhancing its risk tolerance and boosting investor confidence[44] Project Performance - Phase 3 of Castfast Villas, Dongguan, generated revenue of RMB14,758,000 from 5 units delivered, with an average selling price of approximately RMB26,100 per sq.m.[44] - Phase 4 of Castfast Villas, Dongguan, delivered 71 units and recorded revenue of RMB198,248,000, with an average selling price of approximately RMB29,600 per sq.m.[44] - Phase 5 of Castfast Villas, Dongguan, delivered 121 units and recorded revenue of RMB472,102,000, with an average selling price of approximately RMB31,600 per sq.m.[47] - Louvre Mansion, Huizhou, completed with a total saleable area of approximately 30,300 sq.m., recorded revenue of RMB15,643,000 from 26 units delivered, with an average selling price of approximately RMB7,100 per sq.m.[47] - The Group plans to focus on the sales of Phases 4 and 5 of Castfast Villas, Dongguan, while maintaining a strong financial position and prudent financial management[59] Governance and Board Structure - As of March 31, 2023, the Board consisted of eight Directors, including four executive Directors, one non-executive Director, and three independent non-executive Directors[98] - The Board is committed to enhancing Shareholders' value and providing superior products and services, with collective responsibility for the Group's overall strategy and performance[102] - The Company has adopted an independent nomination policy to ensure transparency in the appointment and re-election of directors[112] - The Board established an audit committee, a nomination committee, and a remuneration committee to enhance its effectiveness and encourage active participation[104] - The Board reviewed its structure, size, and composition during the Year and found it well balanced and diversified[109] Risk Management - The Group's Enterprise Risk Management (ERM) framework helps identify potential events affecting the enterprise and manage associated risks and opportunities[180] - The Group faces operational risks including product supply disruptions and inefficient resource use, which could increase material costs[178] - Financial risks include currency exchange fluctuations and potential financial misstatements impacting the Group's financial reporting[178] - The company emphasizes the importance of effective risk management to maintain compliance with laws and regulations and ensure quality products[185] - The risk management framework is designed to support value creation by enabling management to respond effectively to future uncertainties[185]

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） 截至二零二三年三月三十一日止年度業績公佈 財務概要 二零二三年 二零二二年 百分比變動 收入（人民幣千元） 700,751 775,555 -10% 本公司權益持有人應佔溢利 （人民幣千元） 180,846 243,660 -26% 每股基本盈利（人民幣分） 35.8 48.2 -26% 每股末期股息（港仙） 4.0 不適用 不適用 ...