（於開曼群島註冊成立的有限公司） 股份代號 : 2669 2019 年報 中海物業集團有限公司 www.copl.com.hk 香港皇后大道東1號太古廣場3座7樓703室 電話 : 2988 0600 傳真 : 2988 0606 中海物業集團有限公司 管治 | 53 | 企業管治報告 | | --- | --- | | 74 | 董事及高級管理層 | | 82 | 董事會報告 | 財務資料 | 109 | 獨立核數師報告 | | --- | --- | | 114 | 綜合收益表 | | 115 | 綜合全面收益表 | | 116 | 綜合財務狀況表 | | 118 | 綜合權益變動表 | | 120 | 綜合現金流量表 | | 122 | 財務報表附註 | | 223 | 五年財務概要 | | 226 | 主要物業及物業權益詳情 | 2 中海物業集團有限公司 公司概覽 公司資料 二零一九年年報 厚德載物 情真似海 安居樂業 愛融情中 中海物業 官方微信 目錄 公司概覽 | 2 | 公司資料 | | --- | --- | | 4 | 業務及財務摘要 | | 6 | 集團介紹 | | 8 | 二零一九年度集 ...

Financial Performance - The group's revenue for the six months ended June 30, 2019, was HKD 2,400.4 million, an increase of 25.9% compared to HKD 1,906.9 million in the same period last year[11]. - Operating profit for the period was HKD 353.2 million, up 11.9% year-on-year[11]. - Profit attributable to owners of the company increased by 12.5% to HKD 248.5 million, with basic and diluted earnings per share at HKD 0.0756[11]. - The average return on equity was 41.1%, down from 46.7% in the previous year[11]. - The total revenue for the six months ended June 30, 2019, increased by 25.9% to HKD 2,400.4 million, compared to HKD 1,906.9 million in the same period last year[21]. - Operating profit rose by 11.9% to HKD 353.2 million, up from HKD 315.7 million in the previous year[22]. - Profit attributable to owners increased by 12.5% to HKD 248.5 million, compared to HKD 220.8 million in the same period last year[22]. - The company reported a profit for the period of HKD 250.5 million, an increase from HKD 224.2 million in 2018[33]. - Total comprehensive income for the period was HKD 247,588,000, up from HKD 235,237,000 in the previous year, reflecting a growth of 5.7%[36]. Revenue Breakdown - Revenue from property management services accounted for 80.8% of total revenue, increasing by 23.1% to HKD 1,937.8 million[24]. - Revenue from value-added services increased by 37.2% to HKD 457.1 million, representing 19.0% of total revenue[25]. - Revenue from non-residential value-added services rose by 48.1% to HKD 312.9 million[25]. - The newly established parking space trading business generated revenue of HKD 5.5 million, with a gross profit margin of 42.8%[27]. - The reported revenue from external customers for the value-added services segment was HKD 1,937,814,000, contributing to a total revenue of HKD 2,400,420,000[67]. Cost and Expenses - Direct operating costs increased by 39.1% to HKD 1,917.2 million, impacting the overall gross profit[21]. - The gross profit margin for the property management services segment decreased to 16.8%, down from 25.8% in the previous year[24]. - The gross profit margin for the value-added services segment was 33.9%, down from 36.8% in 2018[26]. - Total employee costs for the first half of 2019 were approximately HKD 1,284.3 million, compared to HKD 1,048.5 million in 2018[32]. Dividends and Shareholder Information - The board declared an interim dividend of HKD 0.022 per share, up from HKD 0.020 per share in the previous year[11]. - The interim dividend declared for 2019 is HKD 72,311,000, up from HKD 65,737,000 in 2018, marking an increase of approximately 10.4%[76]. - Major shareholder China Overseas Group holds 1,841,328,751 shares, representing 56.023% of the company's equity[112]. - Major shareholder China State Construction holds 2,011,041,060 shares, representing 61.183% of the company's equity[112]. - The total number of issued shares as of June 30, 2019, is 3,286,860,460 shares[113]. Strategic Initiatives - The company established a development strategy focusing on property services, quality management, and asset management as key drivers[12]. - The group aims to enhance customer satisfaction and improve the proportion of non-core service revenue in total revenue[12]. - The company is committed to a long-term sustainable development strategy amidst global economic uncertainties and pressures[12]. - The company aims to expand its management scale through external market development, joint ventures, and acquisitions, while maintaining a focus on high-quality and profitable projects[14]. - The company is committed to improving service quality and customer satisfaction, aiming to set industry benchmarks and enhance its brand image[15]. - The company plans to steadily develop value-added services to create new profit growth points, focusing on business types with broad market prospects[17]. - The company is leveraging new technologies such as IoT and AI to enhance operational efficiency and reduce costs, establishing a solid technological foundation for better service delivery[18]. - The company is actively optimizing its talent acquisition and development system to ensure a strong human resource foundation for long-term growth[19]. - The company is engaged in social responsibility initiatives, including poverty alleviation efforts and environmental protection activities, to contribute positively to society[20]. Market Challenges - The property management industry in China is facing multiple challenges, including rising labor costs and increasing market concentration, with leading companies reaching peak market share and management area in 2019[13]. - The company anticipates significant growth opportunities in the industry, supported by its controlling shareholder, China State Construction Group, which is recognized as a world-class enterprise[20]. Assets and Liabilities - As of June 30, 2019, the net current assets amounted to HKD 1,002.5 million, up from HKD 857.2 million at the end of 2018[28]. - Non-current assets increased to HKD 334,367,000 as of June 30, 2019, compared to HKD 294,032,000 at the end of 2018, marking a rise of 13.7%[37]. - The company's total assets less current liabilities reached HKD 1,336,849,000, compared to HKD 1,151,209,000, reflecting a growth of 16.1%[38]. - The company's total liabilities as of June 30, 2019, were HKD (2,395,181,000)[70]. - Trade receivables as of June 30, 2019, were HKD 891,679,000, an increase from HKD 585,937,000 as of December 31, 2018, representing a growth of approximately 52%[85]. - The total inventory as of June 30, 2019, was HKD 245,336,000, a significant increase from HKD 37,142,000 as of December 31, 2018[83]. Compliance and Governance - The company adhered to the corporate governance code as stipulated by the Hong Kong Stock Exchange throughout the reporting period[97]. - The audit committee reviewed the interim report for the six months ended June 30, 2019, ensuring compliance with accounting policies and internal controls[98].

Financial Performance - Revenue for the year reached HKD 4,154.7 million, a 23.7% increase from HKD 3,357.8 million in 2017[16] - The net profit attributable to the company's owners was HKD 402.1 million, reflecting a 31.1% increase from HKD 306.8 million in the prior year[16] - The gross profit amounted to HKD 848.8 million, up 5.8% from HKD 802.4 million in 2017[16] - The company reported a net profit margin of 9.8%, an increase of 0.7 percentage points from 9.1% in the previous year[16] - Earnings per share rose to HKD 12.23, a 31.1% increase compared to HKD 9.33 in 2017[16] - Operating profit rose by 27.5% to HKD 558.0 million, while profit attributable to shareholders increased by 31.1% to HKD 402.1 million[38] - Overall revenue rose by 23.7% to HKD 4,154.7 million, up from HKD 3,357.8 million, driven by increased managed area, expanded value-added services, and the appreciation of RMB against HKD[54] Construction and Management - The company managed a total construction area of 140.9 million square meters at year-end, representing a 9.8% increase from 128.3 million square meters in the previous year[14] - The total managed area increased by 9.8% to 140.9 million square meters by year-end[39] - The group secured new or renewed property management contracts worth approximately HKD 838.3 million during the year[39] - The company operates in 74 major cities in China, with over 36,000 employees and manages 705 property projects covering more than 140 million square meters[20] Dividends and Shareholder Returns - The company declared a dividend of HKD 4.0 per share, up 33.3% from HKD 3.0 in the previous year[16] - The interim dividend per share is HKD 0.02, an increase from HKD 0.015 in 2017, and the proposed final dividend for the year ending December 31, 2018, is also HKD 0.02, totaling approximately HKD 65,737,000[166] - The company’s board has approved a dividend policy to distribute approximately 30% of the profit attributable to shareholders as dividends, subject to certain conditions[166] Technology and Innovation - In October 2018, the company signed a strategic cooperation agreement with Huawei to accelerate the development and application of its IoT platform, enhancing its core competitive advantage in the industry[29] - The group aims to enhance customer satisfaction and operational scale through IoT and mobile internet platforms, increasing the proportion of non-core service revenue[38] - The company is leveraging new technologies such as IoT, big data, and AI to transform property service models from labor-intensive to efficient modern service models[41] - The company is investing in new technology development, allocating $50 million for R&D in the upcoming year[153] Employee and Talent Management - The group employed approximately 36,115 employees as of December 31, 2018, an increase from 30,014 employees in the previous year[83] - Total employee costs for the year amounted to approximately HKD 2,161.5 million, compared to HKD 1,842.4 million in 2017[83] - The group conducted nearly 600 specialized training sessions in 2018, with a total of over 24,700 participants[95] - The company is enhancing its talent acquisition and development system to support long-term business growth, including partnerships with educational institutions[47] Corporate Governance - The board of directors is committed to maximizing long-term shareholder value and has delegated daily management powers to the CEO[103] - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2018[103] - The board consists of seven members, with three being independent non-executive directors, enhancing independent judgment in decision-making[109] - The company has adopted a board diversity policy since October 2015, focusing on various factors such as educational background and professional experience when selecting candidates[109] Risk Management - The Board is responsible for establishing and maintaining effective risk management and internal control systems[129] - The company has established a systematic risk management framework to identify and mitigate risks affecting its objectives, ensuring compliance with the revised risk management code requirements[131] - During the year, the company conducted an annual risk assessment, identifying major risk points such as macroeconomic risks, human resources risks, and legal dispute risks, and implemented measures to mitigate these risks[133] Community Engagement and Social Responsibility - The company is committed to social responsibility by providing employment opportunities in impoverished areas and engaging in community service activities[48] - The company launched the "Youqi Life - Enjoying Elderly Care" health service pilot program, with over 500 participants in related activities[31] - The company has implemented various environmental initiatives, including LED conversion projects to reduce carbon emissions[81] Market Expansion and Strategic Initiatives - The company plans to actively expand through external market development, joint ventures, and acquisitions while maintaining a prudent approach to growth[42] - The company is focused on expanding its property management business in Hong Kong and Macau[155] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[149] Financial Health and Assets - Cash and bank balances stood at HKD 2,398.3 million, a decrease of 11.5% from HKD 2,711.0 million in the previous year[16] - The company's debt-to-asset ratio improved to 68.3%, down 7.5 percentage points from 75.8% in the prior year[16] - As of December 31, 2018, the net current assets were HKD 857.2 million, a slight decrease from HKD 873.9 million in the previous year[72] Value-Added Services - Revenue from property management services accounted for 90.1% of total revenue, increasing by 21.0% to HKD 3,745.1 million from HKD 3,094.7 million in 2017[59] - The value-added services segment's revenue increased to 9.9% of total revenue, up from 7.8% in the previous year, with a significant rise of 55.7% to HKD 409.6 million[65] - The engineering services sub-segment revenue surged by 73.8% to HKD 170.9 million, while the community assets and services operations sub-segment revenue rose by 44.9% to HKD 238.7 million[65]