Financial Performance - For the fiscal year ending March 31, 2023, the group recorded consolidated revenue of HKD 1,049,000,000, a slight decrease from HKD 1,106,000,000 in the previous year[17]. - The net profit attributable to shareholders increased to HKD 153,000,000, compared to HKD 92,000,000 in the previous year, reflecting a significant growth of 66.3%[17]. - Basic earnings per share rose to HKD 0.21, up from HKD 0.13 in the previous year, indicating a 61.5% increase[17]. - The company's revenue for the year ended March 31, 2023, was HKD 1,049,421,000, a decrease of 5.2% compared to HKD 1,106,278,000 in the previous year[33]. - Gross profit for the same period was HKD 556,219,000, down from HKD 593,097,000, reflecting a decline of 6.2%[33]. - The net profit attributable to the company's owners increased significantly to HKD 153,423,000, compared to HKD 91,693,000 in the previous year, representing a growth of 67.3%[33]. - The total comprehensive income for the year ended March 31, 2023, was a loss of HKD 546,536,000, compared to a profit of HKD 392,368,000 for the previous year[48]. - The company reported a loss attributable to non-controlling interests of HKD 511,007,000 in 2023, compared to a loss of HKD 35,529,000 in 2022[48]. Asset and Equity Management - The group's total equity as of March 31, 2023, was HKD 11,663,000,000, down from HKD 12,264,000,000 a year earlier, representing a decrease of 4.9%[3]. - The total value of non-current assets increased to HKD 16,654,773,000 from HKD 16,416,000, reflecting a growth of 1.5%[35]. - The company's net asset value decreased to HKD 11,876,517,000 in 2023 from HKD 12,513,107,000 in 2022, a decline of about 5.1%[50]. - The total equity attributable to the owners of the company was HKD 11,663,129,000 in 2023, down from HKD 12,264,190,000 in 2022, reflecting a decrease of about 4.9%[50]. Revenue Streams - Revenue from property development was HKD 579,625,000, while property investment generated HKD 419,377,000, leading to total revenue of HKD 1,049,421,000[85]. - The group recorded revenue from property unit deliveries of HKD 580 million for the year ended March 31, 2023, compared to HKD 633 million in 2022, reflecting a decrease of approximately 8.4%[22]. - The property and parking management segment recorded revenue of HKD 38,000,000, an increase from HKD 35,000,000 in the previous year, reflecting a growth of 8.6%[15]. - Total revenue from property sales was HKD 632,973,000, with property management income contributing HKD 38,367,000[92]. Occupancy and Leasing Performance - The average occupancy rate for the hotel business improved to approximately 72% from 64% in the previous year, showing recovery post-pandemic[13]. - The average occupancy rate for the boutique hotel was approximately 80%, down from 82% in 2022, while the serviced apartments maintained an average occupancy rate of over 70%[26]. - The average occupancy rate of the Chongqing Jinshan Commercial Center improved to 84% from 75% in the previous year, indicating a recovery in leasing performance[39]. - The average occupancy rate of the Han Guo Zuo Dun Center increased to 96% from 88% in the previous year, showing strong demand for commercial space[41]. Debt and Liabilities - The company has seen a significant reduction in current liabilities, decreasing to HKD 2,384,370,000 from HKD 4,153,193,000, a decline of 42.6%[35]. - Non-current liabilities increased to HKD 5,908,235,000 in 2023 from HKD 3,872,220,000 in 2022, representing a growth of approximately 52.5%[50]. - Interest-bearing bank loans rose significantly to HKD 4,561,621,000 in 2023 from HKD 2,419,303,000 in 2022, marking an increase of approximately 88.6%[50]. - The net debt as of March 31, 2023, was approximately HKD 4,401,000,000, an increase of 19.2% from HKD 3,693,000,000 in 2022, resulting in a debt ratio of 37% compared to 30% in the previous year[129]. Market Outlook and Strategic Initiatives - The group anticipates that the Hong Kong economy will benefit from the return of tourists and local consumption growth, with a projected GDP growth of 2.7% in the first quarter of 2023[31]. - The group plans to launch pre-sales of residential units in early 2024, indicating ongoing market expansion efforts[7]. - The group is implementing an asset enhancement program to optimize the hotel and serviced apartment business, with renovation plans expected to be completed by 2024[26]. - The group is maintaining a cautious optimism regarding global market improvements while remaining vigilant about external threats and market volatility[31]. Governance and Compliance - The audit committee has been regularly meeting since its establishment, with at least two meetings held annually to review and monitor the financial reporting process and internal controls of the group[149]. - The consolidated financial statements for the year ended March 31, 2023, have been agreed upon by the company's auditor, Ernst & Young[149]. - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[151].
汉国置业(00160) - 2023 - 年度业绩