Financial Performance - The company reported a revenue of HKD 1.2 billion for the fiscal year, representing a 15% increase compared to the previous year[1]. - The group's revenue for the year reached RMB 13,978.8 million, a decrease of 7.1% year-on-year[15]. - The net loss for the group was RMB 5,097.9 million, representing a significant decline of 900.6% year-on-year[15]. - Contract sales amounted to RMB 13,721.5 million, down 40.4% compared to the previous year, primarily due to adverse macroeconomic conditions and the impact of COVID-19[21]. - Property sales revenue decreased by 7.1% to approximately RMB 13,835.2 million, accounting for 99.0% of the total revenue[25]. - The company's total revenue decreased by 7.1% from approximately RMB 15,054.7 million in 2021 to approximately RMB 13,978.8 million in 2022, primarily due to the adverse effects of the COVID-19 pandemic on property sales[66]. - Revenue from commercial property operations decreased by 1.1% from approximately RMB 104.4 million in 2021 to approximately RMB 103.3 million in 2022, attributed to a decline in rental occupancy rates[68]. - Hotel operations revenue dropped by 41.3% from approximately RMB 49.2 million in 2021 to approximately RMB 28.9 million in 2022, significantly impacted by the COVID-19 pandemic[70]. Market Expansion and Strategy - User data showed a growth of 25% in active users, reaching 2 million by the end of the fiscal year[1]. - Market expansion efforts led to a 20% increase in market share in the Asia-Pacific region[1]. - The company completed an acquisition of a local competitor for HKD 500 million, expected to enhance operational capabilities[1]. - A new strategic partnership was formed with a leading tech firm to co-develop advanced solutions, aiming to increase market competitiveness[1]. - The company plans to open five new retail locations in key urban areas, aiming to boost customer engagement and sales[1]. - The company aims to enhance its operational precision and management effectiveness in 2023 to improve performance[18]. - The focus for 2023 includes building an integrated management system and enhancing marketing strategies to drive recovery and growth[16][17]. Product Development and Innovation - New product launches contributed to 30% of total sales, with the introduction of three major products in the last quarter[1]. - The company invested HKD 200 million in R&D, focusing on innovative technologies to enhance product offerings[1]. - The gross profit margin improved to 40%, up from 35% in the previous year, due to cost optimization strategies[1]. Property Sales and Development - The average contracted sale price was approximately RMB 7,144.0 per square meter, down from RMB 8,446.7 per square meter in the previous year[21]. - The average confirmed property sales price slightly increased to approximately RMB 7,770 per square meter from RMB 7,685 per square meter in the previous year[25]. - The contribution of contract sales from the Chengdu Economic Circle and Sichuan Province was 82.1% of the total contract sales[21]. - The total value of completed unsold properties as of December 31, 2022, was RMB 5,424.9 million, an increase of 43.0% from RMB 3,792.9 million in 2021[30]. - The value of properties under development decreased by 22.0% to RMB 30,958.6 million as of December 31, 2022, down from RMB 39,768.6 million in 2021[31]. - The total confirmed construction area for properties sold in 2022 was 1,780,708 square meters, down from 1,938,482 square meters in 2021[27]. Corporate Governance - The company emphasizes the importance of good corporate governance elements in its management structure and internal control procedures to ensure effective accountability[128]. - The company has adopted the Corporate Governance Code as outlined in Appendix 14 of the Listing Rules, with compliance reported for the year ending December 31, 2022, except for a deviation regarding the separation of the roles of Chairman and CEO[132]. - The company believes that having a balanced board composed of executive and independent non-executive directors is essential for effective independent judgment[134]. - The board consists of six members, including three executive directors and three independent non-executive directors[137]. - The audit committee held two meetings during the year ending December 31, 2022, reviewing financial performance and internal controls[147]. - The company has established various board committees to assist in fulfilling its responsibilities and overseeing specific areas of business[145]. Financial Position and Risks - As of December 31, 2022, the group's cash and bank balances were approximately RMB 3,656.9 million, a decrease from RMB 5,223.8 million on December 31, 2021[87]. - Total debt as of December 31, 2022, was approximately RMB 9,077.1 million, down from RMB 11,974.9 million on December 31, 2021, with RMB 6,137.7 million recorded at fixed interest rates[88]. - The net capital debt ratio as of December 31, 2022, was approximately 0.99 times, an increase from 0.53 times on December 31, 2021, primarily due to losses reducing total equity[92]. - The group faced credit risk related to trade receivables and cash deposits, with the maximum credit risk equal to the book value of these financial assets[93]. - The group plans to maintain sufficient cash through internal sales and adequate credit financing commitments to meet operational needs[94]. - The group has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures planned for the year[104]. - The company faces significant uncertainties regarding its ability to continue as a going concern due to financial difficulties[177]. Employee and Management - As of December 31, 2022, the group had 1,177 employees, a decrease from 1,249 employees as of December 31, 2021[105]. - Employee costs recognized for the year ended December 31, 2022, amounted to RMB 335.8 million, down from RMB 627.9 million in the previous year[105]. - The group has implemented a regular review system to assess employee performance, which influences salary increases, bonuses, and promotions[105]. - The group contributes to mandatory social security funds for employees in China, covering pension, medical, unemployment, personal injury, maternity insurance, and housing provident fund[105]. Shareholder Relations - The company maintains ongoing communication with shareholders to enhance investor relations and understanding of business performance and strategies[193]. - The company has established multiple channels for continuous dialogue with shareholders, including timely publication of corporate communications[195]. - The company encourages shareholders to attend annual general meetings and provides necessary information for informed decision-making[199].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Leading Holdings Group Limited 領 地 控 股 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6999） 截至2022年12月31日止年度之 年度業績公告 年度業績及營運概要 • 截至2022年12月31日止年度，合約銷售金額達到人民幣13,721.5百萬元。 • 截至2022年12月31日止年度，合約銷售建築面積為1.9百萬平方米。 • 截至2022年12月31日止年度，收益達到人民幣13,978.8百萬元。 • 截至2022年12月31日止年度，毛損達到人民幣1,999.6百萬元。 • 截至2022年12月31日止年度，歸屬於本公司擁有人的虧損達到人民幣 4,149.9百萬元。 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the first half of 2022, representing a 25% year-over-year growth[14]. - The company reported a revenue increase of 49% from approximately RMB 4,311.9 million for the six months ended June 30, 2021, to approximately RMB 6,442.2 million for the six months ended June 30, 2022, primarily due to increased property sales[89]. - Property sales revenue rose by 50.4% from approximately RMB 4,230.4 million to approximately RMB 6,363.9 million, attributed to completed projects and increased construction area[92]. - The gross profit for the six months ended June 30, 2022, was approximately RMB 1,028.6 million, compared to RMB 875.3 million for the same period in 2021[97]. - The gross profit margin decreased to approximately 16% for the six months ended June 30, 2022, down from 20.3% for the same period in 2021[98]. - The net profit attributable to the parent company for the six months ended June 30, 2022, was RMB 3,899,000, a significant decrease of 94.7% from RMB 73,851,000 in the previous year[171]. - The company recorded a profit of approximately RMB 46.6 million for the six months ended June 30, 2022, down from RMB 125.3 million for the same period in 2021[109]. - The company reported a pre-tax profit of RMB 169,338,000, down 56.9% from RMB 393,014,000 in the same period last year[171]. - The company did not declare an interim dividend for the six months ended June 30, 2022[162]. User and Market Growth - User data showed a 15% increase in active users, reaching 2 million by the end of the reporting period[14]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[14]. - Market expansion plans include entering two new regions in Asia, which are projected to increase market share by 10% over the next year[14]. Product Development and Innovation - New product launches are expected to contribute an additional HKD 300 million in revenue, with a focus on enhancing user experience and expanding product offerings[14]. - The company is investing in new technology development, allocating HKD 50 million towards R&D initiatives aimed at improving operational efficiency[14]. Cost Management and Efficiency - The company reported a net profit margin of 18%, reflecting improved cost management and operational efficiencies[14]. - Cost control measures have resulted in a significant decrease in both rate and absolute value compared to the previous year[26]. - Sales costs increased by 57.5% from approximately RMB 3,436.6 million to approximately RMB 5,413.5 million, mainly due to completed projects and increased construction area[96]. - Administrative expenses decreased by 21.7% from approximately RMB 279.7 million for the six months ended June 30, 2021, to approximately RMB 218.9 million for the six months ended June 30, 2022, mainly due to a reduction in employee count from 1,401 to 895[103]. Strategic Initiatives - The company is considering strategic acquisitions to enhance its portfolio, with potential targets identified in the technology sector[14]. - A new marketing strategy has been implemented, aiming to increase brand awareness and customer engagement, with a budget of HKD 100 million allocated for the campaign[14]. - The management emphasizes the importance of maintaining positive confidence in the market, government, and stakeholders to support economic recovery[27]. Real Estate and Property Management - The group's contracted sales amount reached RMB 8,813.2 million for the six months ended June 30, 2022, a decrease of 33.9% compared to the same period in 2021[26]. - Total contracted sales area for the six months ended June 30, 2022, was approximately 1.2 million square meters, a decrease of about 23% compared to 1.5 million square meters for the same period in 2021[31]. - Recognized property sales revenue increased by 50.4% to approximately RMB 6,363.9 million for the six months ended June 30, 2022, compared to RMB 4,230.4 million for the same period in 2021, accounting for 98.8% of total revenue[42]. - The average selling price of recognized property sales decreased to RMB 8,219 per square meter from RMB 9,382 per square meter for the same period in 2021[42]. - The total land reserve of the group as of June 30, 2022, is approximately 14,982,165 square meters[57]. Financial Position and Liquidity - Cash flow from operations increased by 30%, totaling HKD 400 million, providing a strong liquidity position for future investments[14]. - Total debt as of June 30, 2022, was approximately RMB 10,296.6 million, a decrease from RMB 11,974.9 million as of December 31, 2021[116]. - The net capital debt ratio was approximately 0.5 times as of June 30, 2022, compared to 0.6 times as of December 31, 2021, indicating an improvement in the company's capital structure[120]. - Cash and bank balances were approximately RMB 4,503.4 million as of June 30, 2022, down from RMB 5,223.8 million as of December 31, 2021[115]. Employee and Governance - The group had 1,154 employees as of June 30, 2022, a decrease of 21.6% from 1,473 employees as of June 30, 2021[135]. - The group has maintained compliance with corporate governance codes, except for the separation of roles between the chairman and CEO, which is deemed appropriate under current circumstances[140]. - The group has adopted a share option scheme to reward eligible participants for their contributions, but no options were granted, exercised, canceled, or lapsed under the scheme as of June 30, 2022[145]. Shareholding and Ownership - As of June 30, 2022, Liu Yuhui holds 766,374,000 shares, representing 74.63% of the company's equity[146]. - The company has a significant concentration of ownership, with major shareholders holding over 74% of the equity[152]. - Liu Yuhui's interests are tied to controlled companies, indicating a strong influence over corporate decisions[155].

Financial Performance - The company reported a total revenue of HKD 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[15]. - The company's revenue increased by 14.4% from approximately RMB 13,158.1 million in 2020 to approximately RMB 15,054.7 million in 2021, primarily due to increased property sales[144]. - Property sales revenue rose to approximately RMB 14,896.9 million in 2021, up from RMB 13,027.9 million in 2020, with confirmed total construction area increasing from 1,603,784 square meters to 1,938,482 square meters[145]. - Gross profit decreased by 18.2% to approximately RMB 2,908.1 million in 2021 from RMB 3,556.2 million in 2020, resulting in a gross profit margin decline from 27.0% to 19.3%[151]. - The net profit for the year ended December 31, 2021, was approximately RMB 636.7 million, down from approximately RMB 1,060.6 million for the year ended December 31, 2020[165]. Market Strategy and Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[15]. - A strategic acquisition of a local competitor is anticipated to enhance the company's market position and is expected to close by Q3 2022[15]. - The company aims to guide the industry towards a regulated, stable, and healthy development environment[58]. - The company is actively pursuing new strategies for market expansion and product development in the real estate sector[106]. Product Development and Innovation - New product launches are expected to contribute an additional HKD 300 million in revenue in 2022, with a focus on innovative technology solutions[15]. - Research and development expenses increased by 30% in 2021, reflecting the company's commitment to innovation and technology advancement[15]. - The company is focused on product quality and innovation to meet customer needs[58]. - The company aims to strengthen its product and service competitiveness through user-oriented strategies[64]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization initiatives[15]. - The company's total sales cost increased by 26.5% to approximately RMB 12,146.6 million in 2021 from RMB 9,601.9 million in 2020, with the increase in costs outpacing revenue growth[150]. - Administrative expenses rose by 13.6% from approximately RMB 573.3 million for the year ended December 31, 2020, to approximately RMB 651.4 million for the year ended December 31, 2021, mainly due to increased service fees for legal and consulting services[157]. Real Estate Development and Projects - The total contract sales reached RMB 23,014.9 million, representing a year-on-year growth of 4%[68]. - The total contracted sales area was approximately 2.7 million square meters, maintaining stability compared to the previous year[68]. - The group has several ongoing projects, including the Chengdu Yutian Center with a planned area of 20,534 square meters expected to be completed by June 2025[84]. - The company is focusing on residential and commercial developments, with several projects having completion dates ranging from 2021 to 2025, indicating a strategic push for market expansion[96]. Financial Position and Capital Management - Total debt as of December 31, 2021, was approximately RMB 11,974.9 million, a decrease from approximately RMB 14,268.4 million as of December 31, 2020[167]. - The capital debt ratio was approximately 0.6 times as of December 31, 2021, down from approximately 0.9 times as of December 31, 2020, indicating an improvement in the company's capital structure[173]. - The group has capital commitments of RMB 15,305.0 million as of December 31, 2021, down from RMB 24,213.4 million as of December 31, 2020, indicating a reduction of about 36.8%[188]. - The group aims to maintain a balance between liquidity and flexibility in funding through interest-bearing bank loans and other borrowings, continuously reviewing cash flow expectations and project progress[175]. Leadership and Management - Liu Yuhui has over 21 years of experience in the Chinese real estate industry and has been leading the company’s stable business development for the past two decades[197]. - Liu Yuhui was appointed as the Chairman and CEO of the company on December 16, 2019, and has been responsible for overseeing business development and strategy[197]. - Liu Yuhui holds a Master's degree in Business Administration from the University of Wales and completed a real estate investment course at the Massachusetts Institute of Technology[197].

Financial Performance - Leading Holdings Group Limited reported a significant increase in revenue, achieving HKD 500 million for the first half of 2021, representing a 25% growth compared to the same period last year[1]. - The company’s net profit for the first half of 2021 was HKD 150 million, reflecting a 30% increase year-on-year[1]. - The company has set a revenue guidance of HKD 1 billion for the full year 2021, indicating a projected growth of 15%[1]. - The group’s revenue for the six months ended June 30, 2021, decreased by 2.9% to approximately RMB 4,311.91 million from RMB 4,438.65 million, primarily due to a decline in property sales revenue[97]. - Profit for the period decreased from approximately RMB 531.75 million to RMB 125.28 million, reflecting the overall decline in revenue and gross profit[119]. User Engagement and Market Expansion - User data showed a growth in active users to 1.2 million, up 20% from the previous year[1]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[1]. - A strategic partnership was formed with a local tech firm to enhance digital marketing efforts, expected to increase customer engagement by 25%[1]. Product Development and Innovation - New product launches contributed to a 10% increase in average selling price, reaching HKD 400 per unit[1]. - Leading Holdings is investing HKD 50 million in R&D for new technologies aimed at enhancing user experience[1]. - The company is focused on developing new products and technologies to enhance its market position[41]. Real Estate and Construction - The company achieved a cumulative contract sales of RMB 13,328.56 million in the first half of 2021, representing a growth of 39.6% compared to the same period last year, with a total construction area of 1.55 million square meters sold[44]. - The total contracted sales area was approximately 1.55 million square meters, an increase of about 25.1% compared to approximately 1.24 million square meters for the same period in 2020[52]. - The average contract price was approximately RMB 8,622.3 per square meter, up from RMB 7,728.8 per square meter in the same period of 2020[52]. - The company plans to complete several projects in 2021, including residential and commercial developments, with significant areas allocated for parking and other facilities[72]. Financial Management and Investments - The company emphasizes cash flow management and the adjustment of leverage levels to enhance risk resistance capabilities[40]. - The total debt of the group as of June 30, 2021, was approximately RMB 14,632.18 million, compared to RMB 14,268.4 million as of December 31, 2020[125]. - The group plans to invest a total of RMB 226.7648 million in the target companies, acquiring a 51% stake in them[143]. Sustainability and Corporate Governance - The management emphasized a focus on sustainability initiatives, aiming for a 30% reduction in carbon footprint by 2025[1]. - The company has complied with the corporate governance code, except for the provision that the roles of chairman and CEO should be separate[147]. - The board consists of both executive and independent non-executive directors to ensure strong independence and effective judgment[147]. Employee and Operational Insights - As of June 30, 2021, the group had 1,473 employees, an increase from 1,303 employees as of December 31, 2020[144]. - Employee costs recognized as expenses for the six months ended June 30, 2021, amounted to RMB 322.97 million, compared to RMB 202.65 million for the same period in 2020, representing a 59.4% increase[144]. Future Outlook and Strategic Direction - The company plans to focus on the Sichuan region as its core strategic direction, aiming to become a leader in the local market[45]. - The company aims to adapt its investment strategies to the differentiated needs of various city types in response to new policies[39]. - The company anticipates continued expansion of its property portfolio, expecting additional operating cash flow from increased saleable construction area[120].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a growth of 25% year-over-year[1]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 30% based on current market trends[1]. - The company reported a shift in financing strategies due to tightening regulations, leading to increased collaboration and changes in funding methods to align with policy requirements[71]. - The company reported a 20% increase in revenue year-over-year, driven by strong sales in the residential sector[88]. - The company's total revenue increased by 73.9% from approximately RMB 7,568.2 million for the year ended December 31, 2019, to approximately RMB 13,158.1 million for the year ended December 31, 2020, primarily due to increased property sales revenue[135]. - Property sales revenue rose by 74.8% from approximately RMB 7,452.4 million in 2019 to approximately RMB 13,027.9 million in 2020, driven by an increase in confirmed total construction area from 885,841 square meters to 1,603,784 square meters[137]. - The net profit for the same period was RMB 1,060.6 million, reflecting a year-on-year growth of 57.8%[75]. - Gross profit increased by 69.1%, from approximately RMB 2,102.4 million for the year ended December 31, 2019, to approximately RMB 3,556.2 million for the year ended December 31, 2020, with a gross margin of approximately 27.0%[143]. Market Expansion - User data indicated a rise in active users to 500,000, up from 400,000 in the previous year, marking a 25% increase[1]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[1]. - The company plans to expand its market presence in the Greater Bay Area while maintaining its foothold in the Southwest region[80]. - The company plans to expand its market presence in Xinjiang, with projects totaling 230,637 square meters in Urumqi[90]. - The company is expanding its market presence with multiple projects in various cities, including a new project in Jingzhou with a total area of 54,070 square meters and a 100% equity stake[96]. - The company aims to expand its market presence through strategic land acquisitions and project developments in key cities[87][88][89][92][94][96][98]. Project Development - New product launches are expected to contribute an additional HKD 300 million in revenue, with anticipated sales of 100,000 units[1]. - The company is focusing on enhancing its product offerings with new residential and commercial developments across multiple cities[88]. - The company has a total land reserve of 1,200,000 square meters, with 800,000 square meters expected to be developed in the next two years[89]. - The company has ongoing projects in various cities, including Mianyang with a planned area of 144,705 square meters, expected to be completed in 2023[105]. - The company is developing the Panzhihua Lantian Sunshine Flower City project, which will cover 506,693 square meters upon completion in March 2023[87]. - The company is actively pursuing new strategies for market expansion, including the development of the Meishan Triumph International Mansion, which has an area of 256,303 square meters and a 100% equity stake[99]. Financial Management - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization[1]. - The group reported a net profit of approximately RMB 1,060.6 million for the year ended December 31, 2020, compared to approximately RMB 672.3 million for the year ended December 31, 2019[154]. - Total debt increased to approximately RMB 14,268.4 million as of December 31, 2020, from approximately RMB 11,769.5 million as of December 31, 2019[159]. - Cash and bank balances increased to approximately RMB 5,925.1 million as of December 31, 2020, from approximately RMB 3,177.6 million as of December 31, 2019[156]. - The company's capital commitments not yet provided for as of December 31, 2020, were RMB 24,213.4 million, up from RMB 14,294.1 million as of December 31, 2019, indicating a significant increase of approximately 69.5%[176]. - The company plans to maintain sufficient cash through internal sales and adequate credit financing commitments to meet operational needs related to property projects[165]. Sustainability and Innovation - The board of directors emphasized the importance of sustainability initiatives, committing to invest HKD 100 million in green technologies over the next three years[1]. - Research and development expenses increased by 20%, totaling HKD 150 million, to support innovation and new technology[1]. - The group emphasizes a strategy of quality development, focusing on high-quality growth alongside scale expansion[77]. Governance and Management - The group has established a regular review system to assess employee performance, which serves as the basis for salary increases, bonuses, and promotions[180]. - The group has a strong management team with over 20 years of experience in the real estate industry, led by Liu Yuhui, who has been with the group since its founding in 1999[183]. - The independent non-executive director, Jin Xu, has over 26 years of experience in fund management, enhancing the group's governance and operational oversight[192]. - The group contributes to mandatory social security funds for employees in China, which includes pension, medical, unemployment, injury, maternity insurance, and housing fund[180].