永泰地产(00369) - 2022 - 年度财报

Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 4,096.7 million, representing a 20% increase from HKD 3,423.2 million in 2021[30]. - The gross profit for 2022 was HKD 1,572.6 million, up 17% from HKD 1,339.6 million in the previous year[30]. - The company reported a loss attributable to shareholders of HKD 540.0 million for 2022, compared to a profit of HKD 854.4 million in 2021[30]. - The core consolidated profit attributable to shareholders was HKD 658.0 million, reflecting a 4% increase from HKD 683.0 million in the previous year[29]. - The company reported a net loss of HKD 323.9 million for the year, compared to a profit of HKD 917.6 million in the previous year, indicating a significant decline in profitability[169]. - The total comprehensive loss for the year amounted to HKD 613.5 million, which includes a loss of HKD 540.0 million and other comprehensive losses[174]. - The company’s cash flow hedge gains amounted to HKD 10.1 million during the year, contributing positively to the overall financial position[174]. - The company reported a total comprehensive income for the year ended December 31, 2022, was HKD 943.8 million, compared to HKD 880.6 million in the previous year, reflecting an increase of approximately 7.5%[177]. Asset and Equity Position - The total assets as of December 31, 2022, were HKD 35,499.2 million, an 8% decrease from HKD 38,738.5 million in 2021[31]. - The total equity attributable to shareholders was HKD 25,684.8 million, down from HKD 26,652.9 million in 2021[33]. - The company's net asset value decreased to HKD 27,327.3 million in 2022 from HKD 28,165.8 million in 2021, a decline of about 3.0%[173]. - The total equity as of December 31, 2022, was HKD 27,327.3 million, down from HKD 28,165.8 million in the previous year, indicating a decrease of approximately 3.0%[174]. Investment and Development - The company plans to continue its market expansion and investment in property development projects, including OMA by the Sea and other strategic developments[27]. - The company is focused on enhancing its service apartment investments and management, with 100% ownership in several properties[27]. - The company achieved a pre-tax profit of HKD 783,000,000 in the property development segment, down from HKD 1,053,000,000 in 2021[37]. - The company is actively seeking long-term strategic investment opportunities[36]. - The company has a commitment to expanding its market reach through strategic partnerships and investments[56]. Dividends and Shareholder Returns - The company maintained a dividend of 27.0 HKD cents per share for the year, consistent with the previous year[31]. - The company declared a total dividend of HKD 0.27 per share for the year, consistent with the previous year[35]. - The company reported a mid-term dividend of HKD 0.06 per share, totaling approximately HKD 81.4 million, consistent with the previous year[63]. - The board proposed a final dividend of HKD 0.21 per share for the year ending December 31, 2022, amounting to approximately HKD 366.4 million, maintaining the same level as the previous year[63]. Financial Management and Borrowings - The group's total bank and other borrowings as of December 31, 2022, amounted to HKD 6.728 billion, slightly down from HKD 6.804 billion in 2021[45]. - The debt ratio as of December 31, 2022, was 16.4%, down from 19.0% in 2021, calculated as net borrowings divided by total equity[46]. - The group completed a 5-year syndicated loan financing of HKD 1.9 billion during the year, refinancing a 10-year SGD 170 million fixed-rate bond maturing in November 2022[46]. - The group had cash and bank deposits of HKD 2.241 billion, up from HKD 1.465 billion in 2021, and undrawn revolving loan facilities of HKD 3.393 billion, compared to HKD 2.582 billion in 2021[47]. Governance and Compliance - The company emphasizes governance and social responsibility through its dedicated committees[55]. - The company has a strong governance structure with multiple committees including the Environmental, Social and Governance Committee and the Corporate Governance Committee[59]. - The independent non-executive directors have confirmed their independence according to the listing rules, ensuring objective oversight of the company's strategies and policies[111]. - The company has established a framework to ensure fair operation of its business amidst competitive interests held by its directors[89]. Risk Management - The risk management system has been effective and operational throughout the review year, identifying and prioritizing significant risks aligned with strategic objectives[137]. - The management team regularly assesses major risks related to operations, finance, compliance, and environmental, social, and governance factors[139]. - The board is tasked with establishing and maintaining effective risk management and internal control systems[115]. Shareholder Communication - The company provided a platform for shareholders to communicate with the board during the annual general meeting[151]. - All company publications, including annual reports and voting results, are available on the Hong Kong Stock Exchange website[151]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting[152]. Related Party Transactions - The company has a continuous related party transaction with its major shareholder, resulting in a rental income of HKD 4,900,000 for the year ended December 31, 2022[94]. - The ongoing related party transactions are in compliance with the listing rules, with no significant transactions reported outside of those disclosed[90]. Audit and Financial Reporting - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance, with a historical cost basis[2]. - The audit aimed to obtain reasonable assurance that the consolidated financial statements are free from material misstatement, whether due to fraud or error[163]. - Key audit matters identified include the valuation of investment properties[159].