2021-10-03 10:04Financial Performance - Revenue for the fiscal year ending June 30, 2021, was HKD 85,262 million, representing a 3.2% increase from HKD 82,653 million in 2020[11] - Profit attributable to shareholders increased by 13.4% to HKD 26,686 million from HKD 23,521 million in the previous year[11] - The basic earnings per share attributable to shareholders was HKD 9.21, up 13.4% from HKD 8.12 in 2020[11] - The company reported a basic underlying profit of HKD 29,873 million, a 1.7% increase from HKD 29,368 million in the previous year[11] - The company's attributable profit for the year ended June 30, 2021, was HKD 29.87 billion, compared to HKD 29.37 billion in the previous year, reflecting a slight increase[23] - Basic earnings per share for the year were HKD 10.31, up from HKD 10.13 in the previous year[20] - The company maintained a dividend of HKD 4.95 per share for the year, unchanged from the previous year[11] - The net debt to equity ratio improved to 16.0% from 14.1% in the previous year[11] - The interest coverage ratio improved to 13.8 times from 11.8 times in the previous year[20] Rental Income and Property Performance - Total rental income rose by 2.4% to HKD 24,791 million, while net rental income increased by 3.1% to HKD 19,149 million[11] - The recurring rental income decreased by 5% year-on-year to HKD 18.027 billion, with an overall average occupancy rate of approximately 91%[37] - Net rental income from the diversified quality rental property portfolio was HKD 13.54 billion, a decrease of 6% compared to the previous fiscal year[85] - The retail property portfolio's total rental income fell to HKD 9.131 billion, impacted by the COVID-19 pandemic and cross-border travel restrictions[142] Land Reserves and Development Projects - The total land reserve in Hong Kong increased to 57.9 million square feet, up 0.7% from 57.5 million square feet in 2020[11] - The land reserve in mainland China saw a significant increase of 10.6% to 75.3 million square feet from 68.1 million square feet[11] - As of June 30, 2021, the group's land reserves in Hong Kong amounted to approximately 57.9 million square feet, including about 23.9 million square feet of properties under development, sufficient for the next five years[31] - The group has added five new land parcels in Hong Kong during the year, with a total floor area of approximately 2.6 million square feet[86] - The total floor area of the project is expected to reach approximately 2.6 million square feet of Grade A office space and 600,000 square feet of retail space, with the group holding 100% interest in the retail portion[106] Strategic Initiatives and Future Plans - The company plans to enhance contract sales through new projects, including Wetland Seasons Bay, which has already achieved contract sales exceeding HKD 6.3 billion[25] - The group plans to continue selectively identifying high-potential projects in major mainland cities for future development[52] - The group aims to achieve LEED Gold certification for all new property investment projects, particularly in core commercial developments in Hong Kong and Shanghai[66] - The group plans to increase its property investment portfolio by over 16 million square feet in the next five years, with approximately 85% of this coming from mainland properties[72] - The group is committed to enhancing its core business and selectively acquiring land for property development in major cities in Hong Kong and mainland China[71] Sustainability and ESG Initiatives - The group aims to enhance its property investment portfolio's value through ESG initiatives, with projects designed to meet LEED and WELL Platinum standards[42] - The group is actively enhancing its ESG standards, with the Shanghai ITC project being a key example, designed to meet LEED Platinum certification standards[51] - The group is committed to creating a healthy and sustainable living environment as part of its corporate social responsibility initiatives[93] - The group is implementing various promotional plans to enhance the attractiveness of its serviced apartments amid ongoing pandemic-related challenges[167] Customer Engagement and Technology Integration - The group has over 1.2 million members in its loyalty program, The Point by SHKP, which has been well-received[37] - The group has launched a comprehensive membership program in its Shanghai malls, offering attractive discounts to customers[50] - The group is leveraging cutting-edge technologies like 5G to enhance product and service quality, including the establishment of a 5G technology pavilion at the Sky100 Hong Kong Observation Deck[68] - The group has implemented various health and safety measures, including touchless devices and improved ventilation systems, to ensure a safe environment for customers and tenants[151] Market Outlook and Economic Conditions - The mainland economy is expected to perform well in the coming years, driven by robust internal consumption and accelerated high-tech investment[69] - The group remains confident in the future of the Hong Kong real estate market, supported by low global interest rates[71] - The group remains optimistic about the long-term prospects in mainland China, focusing on selective and concentrated strategies in major cities[80]