Financial Performance - The group's revenue for the year ended March 31, 2024, was HKD 66,393,000, a decrease of 2.6% from HKD 68,255,000 in the previous year[3]. - The group reported a total annual loss of HKD 130,815,000, significantly higher than the loss of HKD 57,180,000 in the previous year, marking an increase of 128.5%[3][5]. - Basic and diluted loss per share was HKD 49.0, compared to HKD 21.4 in the previous year, reflecting a 128.5% increase in loss per share[5]. - Total comprehensive income for the year was HKD (144,034,000), compared to HKD (80,931,000) in the previous year, indicating a decline of 77.5%[7]. - The group reported a total segment loss before tax of HKD (107,869,000), significantly higher than the loss of HKD (42,947,000) in the previous year, indicating a deterioration in performance[25]. - The audited net loss for the year was approximately HKD 130,820,000, compared to a net loss of approximately HKD 57,180,000 in the previous year, with a basic loss per share of HKD 0.49[52]. Asset and Liability Management - Non-current assets decreased to HKD 289,933,000 from HKD 424,664,000, a reduction of 31.7%[9]. - Current assets decreased to HKD 424,010,000 from HKD 443,870,000, a decline of 4.5%[9]. - The group's total liabilities increased to HKD 118,518,000 from HKD 99,009,000, an increase of 19.7%[9]. - The group's net asset value decreased to HKD 512,061,000 from HKD 656,095,000, a decline of 22%[9]. - Total segment assets as of March 31, 2024, were HKD 665,648,000, a decrease from HKD 815,506,000 in the previous year[23]. - The group's bank borrowings as of March 31, 2024, were approximately HKD 78,470,000, down from HKD 86,740,000 in 2023, with a debt-to-equity ratio of approximately 15.32% compared to 13.22% in 2023[57]. Revenue Breakdown - For the fiscal year ending March 31, 2024, total revenue from the property investment segment was HKD 19,739,000, a decrease of 20.4% from HKD 24,779,000 in the previous year[23]. - The lending business segment generated revenue of HKD 46,654,000, an increase of 7.0% compared to HKD 43,476,000 in the prior year[23]. - Total reported segment revenue for the group was HKD 66,393,000, down 2.6% from HKD 68,255,000 in the previous year[25]. - Interest income from lending activities for the year was approximately HKD 46,650,000[55]. - Rental income for the year was approximately HKD 19,740,000[55]. Expenses and Losses - The fair value change of investment properties resulted in a loss of HKD 7,868,000, compared to a loss of HKD 51,950,000 in the previous year[3]. - The group incurred financing costs of HKD 7,529,000, down from HKD 9,050,000 in the previous year, indicating improved cost management[29]. - Administrative expenses for the year were approximately HKD 25,650,000, an increase of about 34% from HKD 16,920,000 in the previous year[52]. - The group recorded a significant one-time loss of HKD 57,050,000 due to government land acquisition[52]. - The group reported a net loss from foreign exchange of HKD (39,068,000) for the year, contrasting with a gain of HKD 480,000 in the prior year, highlighting increased volatility in currency markets[27]. Corporate Governance and Compliance - The group has not applied any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to accounting changes[13]. - The group has adopted a clear set of guidelines for corporate governance, maintaining compliance with the relevant codes and principles[66]. - The audit committee has reviewed the financial statements for the year ended March 31, 2024, confirming compliance with applicable accounting standards[69]. - All directors confirmed adherence to the standard code of conduct for securities trading during the year ended March 31, 2024[71]. - The annual report for the year ended March 31, 2024, will be published in accordance with the listing rules and made available to shareholders[72]. Dividends and Shareholder Returns - The group did not recommend any dividend for the fiscal year ending March 31, 2024, consistent with the previous year[33]. - The company has not engaged in any buybacks or sales of its listed securities during the year ended March 31, 2024[65]. - There were no acquisitions or disposals of subsidiaries or associates during the year ended March 31, 2024[64].
中国置业投资(00736) - 2024 - 年度业绩