新世界发展(00017) - 2023 - 中期财报

Financial Performance - The group recorded consolidated revenue of HKD 40,193 million, an increase of 13% compared to the first half of the 2022 fiscal year[9]. - Basic profit was HKD 3,360 million, with profit attributable to shareholders decreasing by 15% to HKD 1,209 million[9]. - Revenue for the six months ended December 31, 2022, was HKD 40,193.3 million, an increase of 12.3% from HKD 35,572.8 million in the same period of 2021[66]. - The company's operating profit for the same period was HKD 5,637.5 million, a decrease of 5.2% compared to HKD 5,944.3 million in 2021[66]. - The net profit for the six months ended December 31, 2022, was HKD 2,786.8 million, down 19.4% from HKD 3,456.0 million in the previous year[68]. - The total comprehensive income for the period was HKD 12,061.4 million, which includes other comprehensive income of HKD 8,605.4 million[78]. Property Development - The group's property contract sales in Hong Kong amounted to approximately HKD 7.87 billion, while in mainland China, it reached approximately RMB 9.24 billion[9]. - Hong Kong property development revenue for the review period was HKD 5,542 million, with a segment profit of HKD 909 million, primarily from the sale of residential units and commercial properties[13]. - In mainland China, property development revenue was HKD 5,736 million, with significant contributions from residential projects in Guangzhou, Hangzhou, and Shenyang[24]. - The cumulative sales amount for the Hangzhou New World City Art Center exceeded RMB 11 billion, demonstrating strong market appeal and potential in the Yangtze River Delta[9]. - The company plans to complete approximately 531,000 square meters of projects in the 2023 fiscal year, with a total completion area of about 181,000 square meters in the review period[27]. Investment Properties - The group's investment property income in Hong Kong was HKD 1,492 million, with segment performance growing by 9% year-on-year[9]. - The investment property income in mainland China reached HKD 896.4 million, with a stable overall occupancy rate for major projects in the investment property portfolio[33]. - Hong Kong property investment revenue was HKD 1,492 million, with a segment profit of HKD 1,095 million, and the K11 project recorded a year-on-year revenue growth of 4%[14]. Financial Position - The group has approximately HKD 92 billion in available funds, including cash and bank balances of about HKD 57 billion and available bank loans of about HKD 35 billion[9]. - Total assets decreased from HKD 635,883.9 million on June 30, 2022, to HKD 621,893.5 million on December 31, 2022, representing a decline of approximately 2.0%[70]. - Shareholders' equity decreased from HKD 213,360.1 million to HKD 202,461.2 million, a reduction of about 5.4%[72]. - The company reported a total equity of HKD 275,390.8 million as of December 31, 2022, with a capital securities value of HKD 47,441.1 million and non-controlling interests of HKD 25,488.5 million[76]. Dividends and Shareholder Returns - The interim dividend for the 2023 fiscal year is set at HKD 0.46 per share, with a review of the dividend policy to ensure long-term sustainable development[9]. - The company declared dividends amounting to HKD 4,242.7 million, which includes HKD 3,744.9 million from retained earnings and HKD 497.8 million from non-controlling interests[76]. Strategic Initiatives - The group is actively exploring strategic options to enhance shareholder returns and clarify the strategic focus of its subsidiaries[9]. - The company plans to increase its light asset management projects to 10 by the end of 2023, focusing on core business development[63]. - The company continues to focus on expanding its presence in key regions, particularly in the Greater Bay Area and Yangtze River Delta, to enhance recurring rental income[38]. Insurance Operations - The annualized premium total for Futu Insurance decreased by 31% to HKD 726.9 million, with gross premium income declining by 12% to HKD 6,347.4 million[50]. - The new business value for Futu Insurance dropped by 39% to HKD 220.5 million, with the new business value margin decreasing to 30%[50]. - The total insurance premium for the period was HKD 5,721.7 million, down 13.5% from HKD 6,613.1 million in the previous year[114]. Market Conditions - The residential sales area in China for 2022 was 1.15 billion square meters, a year-on-year decrease of 26.8%, with sales revenue of RMB 11.7 trillion, down 28.3%[23]. - The southern region (Greater Bay Area) contributed RMB 2.23 billion in sales, while the eastern region (Yangtze River Delta) contributed RMB 6.55 billion, accounting for over 95% of total sales[27]. Corporate Governance and Sustainability - The company complied with all applicable provisions of the Corporate Governance Code, except for specific provisions regarding employee trading guidelines[166]. - The company is committed to sustainable development, aligning its business success with positive impacts on humanity and the planet[173]. - The company actively engages in climate action and manages climate risks according to TCFD recommendations[173].