恒基地产(00012) - 2021 - 年度财报

Financial Performance - The group's attributable basic profit for the fiscal year ended December 31, 2021, was HKD 13.62 billion, a decrease of 9% from HKD 14.89 billion in the previous year[10]. - The group's attributable profit increased by 29% to HKD 13.20 billion, compared to HKD 10.19 billion in the previous year[10]. - Total property sales revenue for the year was HKD 18.43 billion, down 13% from HKD 21.11 billion in the previous year[10]. - Total rental income was HKD 8.63 billion, a slight increase of 0.3% from HKD 8.60 billion in the previous year[10]. - The group recorded a fair value loss of HKD 4.29 billion on investment properties, compared to a loss of HKD 47.07 billion in the previous year[10]. - The net debt to equity ratio increased to 27.5% from 25.6% in the previous year[10]. - The basic earnings per share for the year was HKD 2.81, down from HKD 3.08 in the previous year[10]. - The proposed final dividend is HKD 1.30 per share, maintaining the total dividend at HKD 1.80 per share for the year[11]. Market Presence and Expansion - The company has a significant presence in both Hong Kong and mainland China, with a diversified portfolio of commercial and residential projects expected to generate substantial revenue in the coming years[4]. - The company is focused on expanding its market presence through new projects and strategic acquisitions in both local and international markets[4]. - The group is actively pursuing various strategies for market expansion and new product development to enhance its competitive position[15]. - The group plans to launch 12 development projects within the year, primarily located in urban areas, with approximately 10,500 residential units or 288,000 square feet of self-owned residential floor area available for sale in 2022[100]. - The group is strategically expanding its presence in first-tier and key second-tier cities, leveraging its brand reputation and financial strength[57]. Land Reserves and Development Projects - The total land reserves available for development in Hong Kong and mainland China amounted to 4.45 million square feet in New Territories, 0.81 million square feet in Kowloon, and 0.95 million square feet in Hong Kong Island, among other regions[4]. - The group has a land reserve of 25.4 million square feet in Hong Kong, up from 24.4 million square feet in the previous year[10]. - The group currently holds land reserves of approximately 25.4 million square feet in Hong Kong, including 14.3 million square feet of properties under development[36]. - The group has purchased approximately 450,000 square feet of land in the New Territories, increasing its total land reserves in the region to about 4.49 million square feet[38]. - The group has acquired 25 urban redevelopment projects, with 80% to 100% ownership, totaling an estimated future gross floor area of 1,052,358 square feet[29]. Awards and Recognition - The company received multiple awards in 2021, including the Asia Pacific Property Awards for Best High-Rise Residential Development and Best Mixed-Use Development[5]. - The company has been recognized for its sustainable development initiatives, receiving a three-star rating from the China Healthy Building Design Label[5]. Sustainable Development Initiatives - The group is committed to sustainable development, focusing on innovative and green building projects, including the flagship commercial project "The Henderson" and the Central New Waterfront site, which will support Hong Kong's "net zero carbon emissions" goal[92]. - The group emphasizes sustainable development and environmental considerations in its business operations[196]. Rental Income and Property Management - Total rental income in Hong Kong decreased by 4% to HKD 6.534 billion, while the pre-tax rental net income fell by 9% to HKD 4.556 billion[43]. - The average occupancy rate of the group's main rental properties in Hong Kong was 95% as of December 31, 2021[43]. - The group's self-owned rental property portfolio expanded to approximately 9.7 million square feet, with retail space accounting for 56% and office space 36%[44]. - The group has approximately 8,300 self-owned parking spaces as an additional source of rental income[44]. - The group's property management segment has expanded to manage approximately 5.4 million square feet of commercial space, including office buildings and shopping malls[68]. Strategic Acquisitions - The group acquired the Central Waterfront Site No. 3 for HKD 50.8 billion, with a total floor area of 1.6 million square feet planned for development in two phases, expected to be completed in 2027 and 2032[15]. - The group also won a redevelopment project in To Kwa Wan for HKD 8.189 billion, which will provide over 700,000 square feet of residential units, commercial properties, and public parking, with a 50% stake in the project[15]. - The company has invested HKD 50.8 billion in acquiring a new site at Central Waterfront, which will provide a total gross floor area of 1,600,000 square feet, with the first phase expected to be completed by 2027[33]. Challenges and Market Conditions - The company is facing uncertainties regarding the full acquisition of properties, which may affect redevelopment plans[32]. - The group has seen a diversification in the real estate market, with varying performance across different regions due to government policies[55]. Community Engagement and Support - The group has donated HKD 7.8 million to support 150 elderly homes and 5,000 households affected by COVID-19[95]. - The group has provided rent relief to struggling tenants in the retail and dining sectors due to ongoing social distancing measures[97]. - The group established the "Henderson Land Anti-Epidemic Fund," donating approximately HKD 20 million in anti-epidemic supplies to frontline medical staff and grassroots individuals[94].