Financial Performance - Contract sales reached approximately RMB 26.6 billion, an increase of 38% year-on-year, exceeding the annual target[2] - Revenue was approximately HKD 15.83 billion, with a gross profit of approximately HKD 5.11 billion, resulting in an overall gross margin of 32.3%[2] - The company reported a loss attributable to equity shareholders of HKD 261.4 million, compared to a profit of HKD 2.08 billion in the previous year[4] - The company’s operating profit was HKD 3.50 billion, down from HKD 7.73 billion year-on-year[3] - The company reported a net profit before tax of HKD 1,775,912 in 2023, compared to HKD 7,367,039 in 2022, showing a significant decline[19] - The company’s revenue from external customers in 2023 was HKD 15,832,132, down from HKD 31,540,226 in 2022, a decrease of 49.8%[20] - The group achieved a total revenue of HKD 15.83 billion in 2023, a decrease of approximately 49.8% year-on-year[76] - The gross profit for the year was HKD 5.11 billion, resulting in an overall gross margin of 32.3%[76] - The group recorded a loss attributable to equity shareholders of HKD 260 million, while excluding the impact of fair value changes of investment properties and joint ventures, the profit attributable to equity shareholders was HKD 1.92 billion[76] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.07 per share, totaling an annual dividend of HKD 0.09 per share[2] - The company declared a final dividend of HKD 0.12 per share for 2022, totaling HKD 1,067,855, while the interim dividend for 2023 was HKD 0.02 per share, totaling HKD 177,976, reflecting a decrease in dividend distribution[31] - The board proposed a final dividend of HKD 0.07 per share, down from HKD 0.12 per share in 2022, resulting in a total dividend of HKD 0.09 per share for the year[107] Assets and Liabilities - Total assets amounted to HKD 174.41 billion, an increase from HKD 163.47 billion in the previous year[10] - Total liabilities increased to HKD 126.93 billion from HKD 113.91 billion year-on-year[11] - The company’s cash and cash equivalents stood at HKD 11.05 billion, down from HKD 11.67 billion in the previous year[8] - The company’s investment properties decreased in value to HKD 33.45 billion from HKD 35.13 billion[8] - The total assets of the company as of December 31, 2023, amounted to HKD 174,413,358, up from HKD 163,467,589 in 2022, indicating a growth of 6.0%[19] - The total liabilities increased to HKD 126,933,147 in 2023 from HKD 113,910,616 in 2022, representing a rise of 11.5%[19] Financial Costs and Income - The net financial cost increased to HKD 1.04 billion from HKD 755.1 million in the previous year[3] - Interest income from bank deposits decreased to HKD 203,581 in 2023 from HKD 216,591 in 2022, showing a decline of approximately 6.0%[23] - The total financial costs for 2023 were HKD 1,041,334, an increase from HKD 755,098 in 2022, representing a rise of approximately 37.8%[24] - The average effective interest rate on borrowings increased to 4.42% in 2023 from 3.32% in 2022[42] Segment Performance - The group manages its business by five reporting segments: property development, property investment, property management, manufacturing, and others[17] - The performance of each segment is monitored based on adjusted profit before tax, excluding other income and expenses[17] - In 2023, the total revenue from property development was HKD 9,585,487, a decrease of 62.5% from HKD 25,654,000 in 2022[18] - The total revenue from property management services in 2023 was HKD 2,793,579, compared to HKD 2,626,756 in 2022, reflecting an increase of 6.4%[20] Market and Sales Performance - The company achieved real estate contract sales of approximately RMB 26.6 billion, a year-on-year increase of 38%, exceeding the annual target[57] - The company achieved property investment income of approximately HKD 1.42 billion, a year-on-year increase of about 19%, with an overall occupancy rate of 88%[61] - The company’s hotel operating income reached approximately HKD 470 million, a significant increase of 62%[61] - The area of property sales recognized during the year was approximately 415,000 square meters, a decline of about 43.1% compared to the previous year[76] - The recognized sales revenue from property development was approximately RMB 8.63 billion, equivalent to about HKD 9.59 billion, a decrease of approximately 62.6% year-on-year[76] Investments and Acquisitions - The company expanded its land reserves by 454,000 square meters, increasing the value of land reserves by approximately RMB 15.4 billion[59] - The company expanded land resources by acquiring four new projects, covering a total area of approximately 136,550 square meters and an estimated new value of approximately RMB 15.42 billion[85][86] - The company has provided a capital commitment of HKD 1,562,500,000 to a related party for land development, down from HKD 1,757,500,000 in 2022[49] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[13] - The company is committed to transparency and compliance with local accounting standards in its financial reporting[13] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout the 2023 fiscal year[109] Future Outlook - The company plans to focus on stable growth and high-quality development in 2024, adapting to changes in the real estate market and accelerating the construction of a new development model[69] - The group plans to accelerate the turnover of available resources, with a total saleable value exceeding RMB 30 billion for 2024, with residential properties accounting for 72%[70] - The group aims to enhance its operational brand and expand its business scale, targeting a management scale of over 100 million square meters in the near future[73] - The group is focusing on capital-driven external growth through strategic acquisitions to strengthen its industrial chain layout[74]
深圳控股(00604) - 2023 - 年度业绩