嘉里建设(00683) - 2020 - 年度财报

Financial Performance - The company achieved a revenue of HKD 10.5 billion for the fiscal year, reflecting a year-on-year increase of 12%[6] - The net profit attributable to shareholders was HKD 3.2 billion, representing a growth of 15% compared to the previous year[6] - Revenue for 2020 was HKD 14,526 million, a decrease of 19% compared to HKD 18,025 million in 2019[7] - Gross profit for 2020 was HKD 8,387 million, down 7% from HKD 8,984 million in 2019, with a gross margin of 57.7%[7] - Operating profit decreased by 10% to HKD 7,572 million in 2020 from HKD 8,451 million in 2019, with an operating margin of 52.1%[7] - Shareholders' profit before fair value changes of investment properties was HKD 4,233 million, down 22% from HKD 5,396 million in 2019[7] - Basic earnings per share before fair value changes of investment properties was HKD 2.91, a decrease of 22% from HKD 3.71 in 2019[7] - The company achieved contract sales exceeding targets by 61%, totaling HKD 129 billion, a 45% increase year-on-year[8] - The company recorded a sales revenue of HKD 8.519 billion for the year ended December 31, 2020, down from HKD 11.161 billion in 2019[20] - The company’s net profit attributable to shareholders for the year ended December 31, 2020, was HKD 4.233 billion, a decrease of 22% compared to HKD 5.396 billion in 2019[11] Investment and Expansion Plans - Kerry Properties plans to expand its portfolio by acquiring additional properties in key urban areas, targeting a 25% increase in total assets over the next three years[6] - The company is investing HKD 500 million in new technology for property management to enhance operational efficiency and customer experience[6] - The company is exploring strategic partnerships for joint ventures in property development, aiming to leverage shared resources and expertise[6] - The company anticipates gradual recovery in the local economy following the control of the pandemic, with opportunities arising from developments in mainland China[12] - The company is focused on strategic expansion and new product development to navigate ongoing economic uncertainties[12] Sustainability Initiatives - The company has launched a new sustainability initiative aimed at reducing carbon emissions by 30% over the next five years[6] - The company achieved a four-star rating in the GRESB assessment and ranked fourth among diversified listed companies in East Asia[15] - The company is committed to enhancing health and sustainability in property development and operations[15] - The company has been recognized in the Hang Seng Sustainable Development Index, reflecting its commitment to sustainability[15] - The company has completed climate change risk and vulnerability assessments for all investment properties, achieving a completion percentage of 34.1%[129] - The intensity of greenhouse gas emissions has decreased by 15.7% compared to the fiscal year 2017[129] - The company aims to reduce the employee injury rate to 10 incidents per 1,000 employees, currently reporting 7.11 incidents per 1,000 employees[129] - The company has achieved LEED certification for multiple properties, including Platinum level for Shanghai Kerry City Phase III and Shenzhen Qianhai Kerry Center T1 and T2[164] Community Engagement and Social Responsibility - The company donated 7,000 masks to low-income families in Hong Kong, demonstrating its commitment to social responsibility during the pandemic[157] - The company provided food and daily necessities to vulnerable groups, including the homeless and low-income families, during the pandemic[143] - The company organized a charity walking challenge from October to December 2020, where employees could raise funds for designated charities by walking 10,000 steps daily[143] - The company actively collaborated with different charitable organizations to provide support to those in urgent need during the public health crisis[143] - The company increased charitable donations to approximately HKD 12 million, supporting over 100 charitable organizations in Hong Kong and mainland China[137] Operational Efficiency and Technology - The company is investing HKD 500 million in new technology for property management to enhance operational efficiency and customer experience[6] - The company introduced innovative technologies such as contactless elevator buttons, disinfection robots, and ultraviolet sterilization systems to enhance safety[139] - The company has arranged interest rate swap contracts totaling HKD 2.5 billion to hedge against interest rate risks[105] Market Outlook and Economic Conditions - Future guidance estimates a revenue growth of 10-15% for the upcoming fiscal year, driven by ongoing projects and market recovery[6] - The company expects steady economic growth in mainland China for 2021, while Hong Kong's outlook depends on the reopening of travel channels with the mainland[15] - The company remains cautiously optimistic about the recovery pace and growth in Hong Kong, closely monitoring the reopening of the mainland border and improvements in the business environment[102] Awards and Recognition - The company was named one of the "Top 10 Property Developers" in Hong Kong by the BCI Asia Awards, highlighting its commitment to sustainable development and green building practices[169] - The company received multiple awards in 2020, including recognition for community service and corporate governance, reflecting its commitment to integrity and social responsibility[176] - The company received the "Corporate Sustainable Development Award 2020," recognizing its efforts in maintaining good workplace practices and community engagement[183]