Financial Performance - The group's revenue for the year ended December 31, 2024, was HKD 7,187 million, an increase from HKD 6,102 million in the previous year, representing a growth of approximately 17.7%[2][3] - Core profit for the year was HKD 361 million, with profit attributable to equity holders amounting to HKD 335 million, down from HKD 802 million in the previous year, indicating a decline of about 58%[2][3] - The earnings per share for the year were HKD 0.1063, a decrease from HKD 0.2560 in the previous year[3] - The group reported a total comprehensive loss of HKD 1.914 billion for the year, compared to a loss of HKD 862 million in the previous year[4] - The company reported a net profit of HKD 369,087,000 for the fiscal year ending December 31, 2024, compared to HKD 842,230,000 for the previous year[15] - The company's pre-tax profit for 2024 was HKD 335,070,000, a significant decrease of 58.3% from HKD 802,156,000 in 2023[20] - The total dividend for the year ended December 31, 2024, is HKD 0.09 per share, down from HKD 0.16 per share in 2023[97] Assets and Liabilities - Total assets decreased from HKD 72.5 billion to HKD 66.4 billion, while total liabilities also decreased from HKD 27.4 billion to HKD 24.4 billion[5] - Total assets as of December 31, 2024, amounted to HKD 66,371,047,000, with total liabilities of HKD 24,413,298,000[14] - The company's total assets increased to HKD 72,506,967,000 as of December 31, 2023, with total liabilities of HKD 27,409,526,000[15] - The total liabilities decreased to HKD 1,539,793,000 in 2024 from HKD 1,731,040,000 in 2023, indicating a decline of 11.0%[23] - The group's debt ratio decreased from 17% at the end of the previous year to 12% as of December 31, 2024[2] Sales and Contracts - The group has signed contracts for attributable sales amounting to HKD 6.9 billion as of December 31, 2024, and has unrecognized attributable sales of HKD 11.7 billion[2] - For the fiscal year ending December 31, 2024, total revenue reached HKD 7,187,433,000, with HKD 6,453,796,000 recognized at a point in time and HKD 90,667,000 over a period[14] - Property sales contributed HKD 6,453,796,000 in 2024, up from HKD 5,373,360,000 in 2023, reflecting a growth of 20.1%[17] - The group has signed contracts for attributable sales amounting to HKD 6,900,000,000, primarily from projects in Hong Kong and Shanghai[27] - As of December 31, 2024, the group has contracted but unrecognized attributable sales of HKD 11,700,000,000, expected to be recognized starting in 2025[28] Investment and Projects - The company’s investment properties recorded a fair value change of HKD (52,602,000) for the fiscal year ending December 31, 2024[14] - The overall construction progress of the group's development projects is on schedule, with several projects expected to launch presales in 2025[42] - The project in Shanghai, Jia Jun Ting, achieved a signed sales amount of approximately RMB 3.7 billion, with all units sold out[41] - The Nanjing project (Jia Hong Feng) has a total floor area of approximately 49,700 square meters, providing 381 residential units, with about 70% sold by the end of this year[44] - The Hexi New Town project in Nanjing has a total floor area of approximately 477,000 square meters, with 95% of the 856 residential units sold by the end of this year[45] Cash and Liquidity - The group’s cash and cash equivalents increased to HKD 9.649 billion from HKD 7.496 billion in the previous year[5] - The company’s cash and cash equivalents as of December 31, 2024, were not specified but are critical for assessing liquidity and operational flexibility[16] Corporate Governance and Compliance - The company has established a competitive compensation system to attract and retain talent, emphasizing employee training and development[84] - The company has complied with environmental, labor, occupational health and safety, anti-corruption, and personal data privacy regulations during the year[86] - The company continues to maintain high levels of corporate governance to enhance transparency and accountability[87] - The late chairman's passing did not impact the company's operations, and the board continues to execute the established business strategy[91] Future Outlook and Strategy - The group plans to continue seeking opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions, while prudently replenishing land reserves[2] - The company plans to continue evaluating the impact of new accounting standards in detail[9] - The company plans to continue focusing on high-quality projects in first-tier cities in Hong Kong and mainland China, actively seeking investment opportunities[76]
嘉华国际(00173) - 2024 - 年度业绩