鹰君(00041) - 2020 - 年度财报

Financial Performance - The core business after-tax profit for the fiscal year 2020 was approximately HKD 1.773 billion[4]. - As of December 31, 2020, the net asset value (attributable to the interests in Champion REIT and LHI) was approximately HKD 66 billion[4]. - The proposed final dividend for the year ended December 31, 2020, is HKD 0.50 per share, consistent with the previous year[30]. - The total dividend for the year 2020, including interim dividends, will amount to HKD 2.83 per share, compared to HKD 1.33 per share in 2019[30]. - Core business revenue increased to HKD 8,261.9 million, up 27.1% from HKD 6,498.4 million in 2019[34]. - Equity holders' attributable core profit after tax rose to HKD 1,771.9 million, a 2.4% increase from HKD 1,731.0 million[34]. - Total revenue under statutory accounting standards was HKD 10,305.3 million, reflecting an 11.6% increase from HKD 9,236.8 million[35]. - The net leverage ratio based on statutory accounting standards increased to 25.6% from 20.1%[36]. - Total assets as of December 31, 2020, amounted to HKD 94,509 million, with total liabilities of HKD 28,174 million[48]. - The loss attributable to equity holders was HKD 8,540.3 million, a significant increase from HKD 337.8 million in 2019[50]. Hotel Segment Performance - Core operating income from property sales was HKD 5,107.9 million, with hotel segment revenue declining by 69.4% to HKD 1,300.1 million[46]. - The total revenue from the hotel segment decreased by 69.4% year-on-year to HKD 1,300.1 million in 2020, compared to HKD 4,249.9 million in 2019[55]. - The hotel segment recorded an EBITDA loss of HKD 625.8 million in 2020, down from an EBITDA of HKD 779.8 million in 2019[56]. - The average daily room rate in London was HKD 333 in 2020, a decrease from HKD 390 in 2019, with an occupancy rate dropping to 19.0% from 80.3%[54]. - The North American hotels generated revenue of HKD 517.8 million in 2020, a decline of 76.4% from HKD 2,190.3 million in 2019[55]. Development Projects - Development projects include a premium residential project in Hong Kong and several hotel projects in the United States, Italy, and Japan[3]. - The company plans to redevelop the Chelsea hotel site into a mixed-use project with 400 hotel rooms and residential apartments, expected to double the current total built area[58]. - The Tokyo hotel redevelopment project involves a site acquired for JPY 22.2 billion, with a total floor area of approximately 379,100 square feet planned for a flagship hotel with 280 rooms[80]. - The Venice Murano Island hotel project, acquired for EUR 32.5 million, will consist of 136 rooms with a total floor area of approximately 170,000 square feet, expected to be completed no earlier than Q2 2024[88]. Sustainability and ESG Initiatives - The company aims for sustainable growth by integrating economic, environmental, and social factors into its operations[104]. - The company has achieved a CO2 reduction of 42.1% for properties and 34.5% for hotels compared to 2019 levels[107]. - The company is committed to the United Nations Sustainable Development Goals (SDGs), focusing on health, quality education, gender equality, and climate action[106]. - The company has established a comprehensive ESG policy framework to guide its sustainability efforts[110]. - The company aims to maintain EarthCheck certification and implement green practices for its hotels, alongside achieving green building ratings for new and existing properties[121]. Employee Welfare and Health - The company aims to enhance employee welfare by providing above-average compensation and comprehensive development programs[152]. - The company implemented strict health and safety measures across its hotels, including a comprehensive health and safety management system monitored by senior management and human resources[162]. - The company organized health promotion activities, including yoga classes and stress management workshops, to support employee wellness[163]. - The hotel division launched a series of online learning programs, partnering with eCornell and LinkedIn Learning, with 100 managers enrolling in eCornell courses and over 3,000 LinkedIn Learning courses accessed[173]. Financial Position and Borrowings - As of December 31, 2020, the group's total net borrowings amounted to HKD 21,829 million, an increase of HKD 1,360 million compared to December 31, 2019[89]. - The group's equity attributable to shareholders was valued at HKD 58,811 million, a decrease of HKD 10,111 million from HKD 68,922 million on December 31, 2019[89]. - Total borrowings, including medium-term notes, reached HKD 29,570 million, with bank loans accounting for HKD 14,696 million[91]. - The overall financial cost for the year was HKD 600 million, with an interest coverage ratio of 6.3 times[95]. Community Engagement - The company has expanded its community engagement strategy by providing free water dispensers and educational talks to reduce plastic consumption in schools and community centers[198]. - The company has organized volunteer services to assist those in need during the pandemic, including the distribution of surgical masks and hand sanitizers[196]. - The company has partnered with the University of Hong Kong to launch a "Pre-school Children's Oral Health Service" to improve dental health among pre-school children[194].