天安(00028) - 2018 - 年度财报

Financial Performance - The Group's revenue for the year ended December 31, 2018, was HK$3,291.7 million, an increase of 196% compared to HK$1,112.9 million in 2017[7]. - Profit attributable to owners of the Company amounted to HK$1,251.2 million, a decrease of 39% from HK$2,054.1 million in 2017, primarily due to the absence of a subsidiary disposal that occurred in the previous year[7]. - Earnings per share for 2018 were HK$0.83, down from HK$1.36 in 2017[7]. - The net asset value per share attributable to owners of the Company was HK$15.85 at the end of 2018, compared to HK$15.55 at the end of 2017[7]. - The Group's profit attributable to shareholders for the year ended December 31, 2018, was HK$112.7 million, down from HK$169.2 million in 2017[13]. Dividends - The Board declared an interim dividend of HK$0.20 per share for the year ended December 31, 2018, in lieu of a final dividend[7]. - The Company will suspend share transfer registration on April 1 and April 2, 2019, to determine eligibility for the interim dividend[8]. Property Development - Total attributable registered sales for 2018 amounted to 218,200 m², an increase of 7% from 203,300 m² in 2017[13]. - Completed gross floor area (GFA) for 2018 was approximately 371,100 m², representing a 30% increase from 284,700 m² in 2017[13]. - Total attributable GFA under construction at year-end 2018 was approximately 1,036,100 m², a 15% increase from 902,700 m² in 2017[13]. - Revenue from property development increased from HK$495.6 million in 2017 to HK$2,627.2 million in 2018, marking a significant growth[33]. - The Group plans to adjust landbank quality through acquisitions and disposals to balance short-term returns and long-term capital appreciation[14]. Rental Income - Rental income increased by 9% compared to 2017, driven by contributions from various properties including Beijing Park Apartments and Nanjing Tian An Cyber Park[13]. - Rental income rose from HK$463.2 million to HK$502.8 million, representing an increase of approximately 8.5%[34]. Financial Position - As of December 31, 2018, the total bank balances and cash reserves of the Group were approximately HK$2,846.0 million, a decrease from HK$4,969.0 million in 2017[49]. - The total borrowings of the Group amounted to approximately HK$5,681.0 million, up from HK$4,399.4 million in 2017, with a gearing ratio of 11% compared to a negative 2% in 2017[49][50]. - Approximately 55% of the Group's outstanding borrowings will mature within 2 years, with around 91% of borrowings bearing fixed interest rates[50]. - The Group has pledged bank deposits of approximately HK$552.7 million and properties valued at approximately HK$4,048.3 million for banking facilities[53]. Corporate Governance - The Board comprises eleven directors, including five Executive Directors, two Non-Executive Directors, and four Independent Non-Executive Directors[108]. - The Company has complied with the Corporate Governance Code during the year ended December 31, 2018, with certain specified deviations[105]. - The Board has established various committees, including a Nomination Committee, Remuneration Committee, Audit Committee, and Executive Committee[138]. - The Company emphasizes transparency, accountability, and independence in its corporate governance practices[105]. Risk Management - The Group's risk management and internal control systems are designed to provide reasonable assurance against material misstatement or loss[170]. - The internal audit function reports to the Chairman of the Board and the Audit Committee, analyzing the adequacy of the risk management and internal control systems[172]. - The Board reviews the effectiveness of the Group's risk management and internal control systems annually, covering financial, operational, and compliance controls[169]. Sustainability - The Company has adopted a Sustainability Policy covering principles in employment, business integrity, environment, and community, contributing to sustainable development[191]. - The Group focuses on minimizing air and greenhouse gas emissions, water and land discharges, and waste generation[197]. - The Group is committed to promoting environmentally sustainable business practices among staff, customers, and partners[197].