Financial Performance - For the year ended June 30, 2021, the revenue was HK$994,589,000, representing an increase of 80% compared to HK$552,880,000 in 2020[4]. - Profit attributable to owners of the Company for 2021 was HK$148,700,000, up from HK$47,696,000 in 2020, marking a significant increase of 211%[4]. - The earnings per share for 2021 was HK$0.23, compared to HK$0.08 in 2020, reflecting a growth of 187.5%[4]. - The consolidated profit after income tax for the year ended June 30, 2021, is HK$149,516,000, representing an increase of 353.0% compared to HK$33,007,000 in 2020[51]. - Gross profit for the year was HK$731,494,000, representing a 97.4% increase compared to the previous year[177]. - Other income increased by 43.1% to HK$80,124,000, mainly from dividend income, interest income, and gains on disposal of financial assets[177]. Dividends - The total dividends declared for 2021 amounted to HK$45,035,000, a decrease from HK$135,910,000 in 2020[4]. - The company recommends a final dividend of HK3.0 cents per share, down from HK5.0 cents in 2020, along with an interim dividend of HK2.0 cents, resulting in a total dividend of HK5.0 cents, a 60% decrease from HK12.5 cents in the previous year[53]. - Proposed final dividend of HK$0.03 per share, down from HK$0.05 per share in the previous year, totaling HK$0.05 for the year[180]. - The final dividend will be paid on December 13, 2021, subject to approval at the Annual General Meeting[55]. Assets and Liabilities - Fixed assets as of June 30, 2021, were valued at HK$6,701,336,000, down from HK$7,127,240,000 in 2020[4]. - Net current assets increased to HK$1,232,161,000 in 2021 from HK$655,203,000 in 2020, indicating a growth of 88%[4]. - Non-current liabilities decreased to HK$1,059,050,000 in 2021 from HK$1,251,999,000 in 2020, showing a reduction of 15%[4]. - The net assets of the Company as of June 30, 2021, were HK$7,050,739,000, an increase from HK$6,731,916,000 in 2020[4]. - As of June 30, 2021, the Group's bank and other borrowings amounted to HK$989,165,000, a decrease from HK$1,442,453,000 in 2020[193]. - Cash and bank balances increased to HK$1,988,157,000 as of June 30, 2021, compared to HK$1,236,667,000 in 2020, resulting in a net cash position of HK$998,992,000[193]. - The total debt to equity ratio improved to 14.4% as of June 30, 2021, down from 22.0% in 2020, while the net cash and bank balances to equity ratio was 14.5%[194]. - The decrease in total debt to equity ratio was primarily due to reduced bank borrowings and increased cash from property sales during the year[195]. Market and Economic Conditions - Hong Kong's economy is gradually recovering, with over 60% of the population vaccinated as of February 2021[57]. - The government’s consumption voucher scheme has effectively boosted the consumption sector, though long-term effectiveness remains uncertain[60]. - The financial stimulus in 2021 is expected to be reduced compared to 2020, with stable monetary and fiscal policies continuing[83]. - Shenzhen's prime property market outlook remains steady, driven by economic and demographic growth[84]. - The Macau economy has been gradually recovering since Q4 2020, despite challenges posed by the Delta variant of COVID-19[90]. - The Macau government is seeking public consultation regarding the issuance of new gambling licenses as the current six licenses are set to expire soon[90]. Projects and Sales - The occupancy rate for Villa Cecil Phase II is maintained at 85%, with unit 3B sold for HK$52.8 million[62][64]. - The occupancy rate for Villa Cecil Phase III has reached 95%, contributing good rental income to the Group[70]. - A total of 809 units have been sold in Longhwa, Shenzhen, with satisfactory sales transactions[79][81]. - The construction of the "Parkview" project in Kuala Lumpur includes 417 residential units and 163 parking spaces, with a total gross floor area of 325,626 square feet[91]. - The "Cecil Central Residence" project currently comprises four residential buildings with a total approved gross floor area of 1,708,648 square feet[91]. Governance and Management - The company has a diverse board with members having extensive experience in various industries including finance, manufacturing, and real estate[115]. - The board includes independent non-executive directors with significant backgrounds in accounting and investment banking[112]. - The company aims to maintain strong governance and oversight through its experienced board of directors[110]. - The management team is committed to leveraging their extensive industry experience to drive growth and innovation[124]. - The company is focused on expanding its international distribution network and enhancing its presence in the real estate market[125]. Investments - As of June 30, 2021, the total investment in the bond market was HK$161,211,000, with HK$17,815,000 sold and HK$3,882,000 purchased during the year[94]. - The market value of investments in Hong Kong stocks as of June 30, 2021, was HK$32,101,000, with HK$2,241,000 sold and no stocks purchased during the year[95]. - The fair value of investments in listed securities and perpetual notes as of 30 June 2021 was HK$32,101,000 and HK$161,211,000, respectively[186]. - The investment in financial assets represented 1.8% of total assets as of 30 June 2021, down from 5.9% in the previous year[186]. - The company has made appropriate provisions for investments in China Evergrande Group debentures[94]. Corporate Social Responsibility - The company actively participates in charitable endeavors and community service initiatives through its directors[140].
卓能(集团)(00131) - 2021 - 年度财报