信和置业(00083) - 2020 - 年度财报

Financial Performance - The company's revenue for 2020 was HKD 5,886,888,002, a decrease of 26.5% compared to HKD 8,009,912,578 in 2019[10] - The basic earnings per share for 2020 was HKD 0.6589, down from HKD 0.6968 in 2019, representing a decline of 5.7%[10] - The total equity attributable to shareholders as of 2020 was HKD 144,915,881,299, a slight decrease from HKD 145,294,012,753 in 2019[14] - The company reported a basic operating profit of HKD 4,557,049,804 for 2020, down from HKD 4,671,078,053 in 2019, reflecting a decline of 2.4%[10] - Total property sales revenue for the fiscal year was HKD 2.372 billion, a decrease from HKD 2.986 billion the previous year, primarily due to no new completed sales projects[23] - Total rental income for the fiscal year was HKD 4.0619 billion, a decrease of 4.2% year-on-year due to the impact of COVID-19[31] - Net rental income decreased by 2.3% to HKD 3.5998 billion, as related expenses decreased more than total rental income[31] - The group recorded a revaluation loss of HKD 2.532 billion for investment properties, compared to a revaluation gain of HKD 2.415 billion the previous year[18] Assets and Liabilities - The total assets of the company were HKD 154,404,425,427 in 2020, a decrease from HKD 155,362,815,893 in 2019[14] - The total liabilities of the company increased to HKD 32,319,376,427 in 2020 from HKD 25,385,564,491 in 2019[14] - Non-current assets amounted to HKD 106,332,352,941 in 2020, compared to HKD 106,204,235,953 in 2019, indicating a marginal increase[14] Dividends - The company declared a final dividend of HKD 0.41 per share for 2020, consistent with the previous year's dividend[10] - The board proposed a final dividend of HKD 0.41 per share, totaling HKD 0.55 per share for the fiscal year, including an interim dividend of HKD 0.14[19] Property Development and Sales - The group has land reserves of approximately 2.23 million square feet across various regions, with a balanced property type distribution: 39.7% commercial, 37.1% residential, 10.8% industrial, 7% parking, and 5.4% hotel[24] - The group plans to obtain pre-sale consent for five residential projects in the next twelve months, depending on market conditions and timing of approvals[23] - The project at 1 Kowloon Road has sold 92% of its residential units, with completion expected in the fiscal year 2020/2021[53] - The group sold 100% of residential units at several completed projects, including 96% at Yat Lung Garden and 100% at Yat Lung Bay[23] Investment Properties - The value of total investment properties (including joint ventures and associates) was HKD 83.3853 billion, a decrease of 3.36% year-on-year[32] - The group’s investment property portfolio includes approximately 11.8 million square feet of attributable gross floor area across various regions[32] - The group’s commercial properties accounted for 61.6% of the total investment property area[32] Market Outlook and Strategy - The group is optimistic about the economic and property market outlook in Hong Kong, believing it can overcome current challenges[45] - The group aims to selectively enhance land reserves to improve profit potential[24] - The group is positioned to benefit from the ongoing rapid development in the Greater Bay Area and the Belt and Road Initiative, reinforcing Hong Kong's status as an international financial hub[45] Sustainability and Community Engagement - The group launched the integrated green project "Happy Farming" in March 2020, promoting urban agriculture across various locations in Hong Kong, covering over 23,000 square feet[41] - The group signed the United Nations Global Compact in April 2020, committing to responsible business practices and corporate governance[41] - The group recorded over 174,000 volunteer service hours during the reporting period, demonstrating its commitment to community service[41] - The company aims to reduce greenhouse gas emissions by 30% from 2012 levels by 2030, with a current reduction of 17.73% achieved as of June 2020[148] Corporate Governance - The board consists of 11 directors, including 6 executive directors, 1 non-executive director, and 4 independent non-executive directors[168] - The company has adhered to the corporate governance code as outlined in the Hong Kong Stock Exchange Listing Rules[167] - The board emphasizes high levels of corporate governance practices and transparency to enhance financial performance and shareholder value[167] Employee Engagement and Training - The group provided 106,000 hours of training to employees during the fiscal year, focusing on enhancing customer service quality and digital awareness[127] - The average training hours per employee was 11 hours during the 2019/2020 financial year, with a goal to increase this by 50% and 100% by 2025 and 2030 respectively[149] - The group launched a new employee wellness program in 2020, promoting a healthy lifestyle through various activities, with over 4,000 participants[126] Awards and Recognition - The group won three awards at the 9th Asian Excellence Awards, including Best Environmental Responsibility and Best Investor Relations Company[123] - The group has received 387 awards for its security services, including 26 for property management and 361 for security personnel[133] - The group has been awarded the "Caring Company" logo for 15 years, recognizing its commitment to corporate social responsibility[134]