鹰君(00041) - 2024 - 中期业绩

Financial Performance - Core business revenue for the six months ended June 30, 2024, was HKD 3,791.0 million, an increase of 4.4% compared to HKD 3,630.0 million in 2023[3]. - The attributable core profit after tax for equity holders was HKD 735.8 million, a decrease of 33.7% from HKD 1,109.5 million in the previous year[3]. - Total revenue according to statutory accounting standards was HKD 5,293.5 million, up 4.2% from HKD 5,082.4 million in 2023[4]. - The company recorded a loss attributable to equity holders of HKD 985.9 million, compared to a profit of HKD 478.7 million in the same period of 2023[20]. - The net loss attributable to shareholders for the six months ended June 30, 2024, was HKD 1,343,606,000, a significant decline from a profit of HKD 495,876,000 in the same period of 2023[88]. - The company reported a total comprehensive loss of HKD 1,762,378,000 for the first half of 2024, compared to a comprehensive income of HKD 373,877,000 in the same period of 2023[88]. - Total revenue for the six months ended June 30, 2024, was HKD 5,293,488, representing an increase of 4.2% from HKD 5,082,425 in the same period of 2023[96]. Revenue Breakdown - Property sales revenue increased by 31.1% to HKD 769.3 million from HKD 586.8 million in the previous year[7]. - Hotel segment revenue was HKD 2,322.1 million, a 3.2% increase from HKD 2,250.2 million[8]. - The total rental income was HKD 84.2 million, reflecting a 2.2% increase from HKD 82.4 million[9]. - Hotel revenue for the six months ended June 30, 2024, reached HKD 3,065,345, an increase of 4.1% from HKD 2,943,290 in the same period of 2023[96]. - Revenue from property sales surged to HKD 769,286, up 31.0% from HKD 586,817 in the prior year[96]. Operating Income and Expenses - The company’s core operating income decreased by 16.8% to HKD 1,364.5 million from HKD 1,640.4 million in the previous year[12]. - Total operating revenue decreased by 16.8% to HKD 1,364.5 million, primarily due to a lack of sales revenue from the previous year[22]. - Administrative, sales, and other expenses increased by 9.7% to HKD 249.6 million in the first half of 2024, compared to HKD 227.5 million in the same period of 2023[24]. - Financial costs rose by 39.0% to HKD 260.7 million in the first half of 2024, up from HKD 187.5 million in the same period of 2023[24]. Asset and Liability Management - The total assets as of June 30, 2024, amounted to HKD 95,152,071,000, an increase from HKD 88,440,942,000 at the end of 2023, indicating a growth of approximately 7.7%[89]. - The total equity attributable to shareholders decreased to HKD 54,551,003,000 as of June 30, 2024, from HKD 56,156,763,000 at the end of 2023, a decline of about 2.9%[90]. - The company's current liabilities decreased to HKD 14,401,898,000 as of June 30, 2024, from HKD 22,722,227,000 at the end of 2023, a reduction of approximately 36.7%[89]. - The group's consolidated net borrowings amounted to HKD 28,128 million, a decrease of HKD 283 million from HKD 28,411 million on December 31, 2023, primarily due to positive cash flow from operations[62]. Investment and Development Projects - The company recorded approximately HKD 7.6 billion in sales from the pre-sale of "朗賢峯" since its launch in late April 2024[5]. - The company plans to expand its mid-range brand Ying'nFlo with several new locations in mainland China by 2025[21]. - The residential development project "Lang Hin Peak" in Ho Man Tin has sold over half of its units, generating approximately HKD 7.6 billion in sales proceeds as of June 30, 2024[51]. - The Tokyo hotel redevelopment project has a planned gross floor area of approximately 380,000 square feet, with a flagship hotel designed by Kengo Kuma & Associates[55]. Market Outlook and Strategy - The company maintains a cautious optimism regarding the mid-term outlook for the Hong Kong property market, despite ongoing economic uncertainties and high inventory levels[60]. - The group continues to explore new strategies for market expansion and product development[101]. Corporate Governance and Shareholder Information - The board declared an interim dividend of HKD 0.37 per share for the six months ended June 30, 2024, consistent with the previous year[71]. - The company has issued a total of 747,723,345 shares as of June 30, 2024, with no new shares issued during the six-month period[83]. - The company has maintained over 25% of its issued shares held by the public, ensuring sufficient public float[84]. - The 2024 Share Option Plan was approved by shareholders on May 29, 2024, effective for 10 years, aligning with the revised listing rules effective January 1, 2023[80].