深圳控股(00604) - 2023 - 年度财报

Land Reserves and Development Strategy - The company has a total land reserve of approximately 6.74 million square meters across various cities in China, with 4.44 million square meters located in the Greater Bay Area[7]. - The company is focusing its development efforts on the Guangdong-Hong Kong-Macao Greater Bay Area and planning expansion into the Yangtze River Delta and key provincial capital cities[4]. - The company is committed to optimizing its land reserve structure, concentrating assets and business in high-tier cities and the Greater Bay Area[4]. - The Group's land reserve structure is healthy, with 66% located in the Greater Bay Area, 14% in the Yangtze River Delta, and 19% in second-tier provincial capital cities[107]. - The Group's newly acquired land resources in 2023 include 3 plots in Shenzhen, Zhongshan, and Shenyang, with a total new site area of approximately 137,000 square meters and an estimated value of approximately RMB 15.42 billion[102][103]. Financial Performance - Revenue for 2023 decreased by 49.80% to HK$15,832.13 million from HK$31,540.23 million in 2022[13]. - Gross profit fell by 52.20% to HK$5,110.69 million, with a gross profit margin of 32.28$261.40 million, a decline of 112.53% compared to a profit of HK$2,085.42 million in 2022[13][19]. - Basic loss per share was HK(2.94) cents, down 112.55$23.43 cents in the previous year[13]. - The Group's turnover for the year was HK$15,832 million, a decrease of approximately 49.8$5,111 million, with an overall gross profit margin of 32.3%[76]. Property Development and Sales - Property development revenue dropped significantly to HK$9,585.49 million from HK$25,654.00 million, a decrease of 62.64%[16]. - The area of property sales booked was approximately 415,333 square meters, with net sales amounting to approximately RMB8.63 billion[83]. - Contracted sales for 2023 reached approximately RMB26.59 billion (equivalent to approximately HK$29.52 billion), exceeding the full-year sales target[84]. - The Shenzhen Upper Coast project achieved a contracted amount of approximately RMB13.3 billion, being the sales champion of commercial residential projects[84]. - The Guangdong-Hong Kong-Macao Greater Bay Area projects contributed 88.2$2.79 billion, reflecting a growth of 6.4% year-on-year, with a total contracted GFA of approximately 84.07 million square meters[112]. - The Group's hotel operations recorded operating income of approximately HK$465 million, representing a significant increase of 61.7$506 million in 2023, with a planting area of 4,000 acres[37]. Corporate Governance and Management - The company has a diverse board with members holding advanced degrees and significant experience in finance, economics, and public service[156]. - The management team includes professionals with backgrounds in both academia and industry, enhancing the company's strategic decision-making capabilities[162]. - The Group's management emphasizes the importance of individual performance, the Group's profit condition, and industry benefit levels in determining employee benefits and bonuses[142]. - Ms. SHI Xiaomei has been the Executive Director and CFO of Shum Yip Group Limited since August 27, 2021, bringing extensive experience in financial management and auditing[154]. Sustainability and ESG Practices - The company maintained an A rating in the MSCI-ESG Index, reflecting its strong performance in sustainable development[39]. - The Group is committed to sustainable development and has implemented a compliance management system, achieving certifications in international standards[183]. - The company is focused on sustainable development and has established a three-year action plan for compliance management[185]. - The Group actively promotes green building certification and urban renewal initiatives to enhance community living conditions[183]. Challenges and Risks - The Group's operations may be impacted by external macroeconomic fluctuations, geopolitical instability, and changes in policies, exchange rates, and interest rates[174]. - The Group emphasizes legal compliance and adheres to relevant PRC laws and regulations, particularly in environmental protection[171]. - The Group's operational risks include inadequate internal processes and external partner misconduct, which it aims to mitigate through improved management and internal controls[180].