Financial Performance - For the fiscal year ending July 31, 2021, the company reported a revenue of HKD 6,089.8 million, an increase of 14.4% from HKD 5,324.2 million in 2020[13] - The gross profit for the same period was HKD 1,400.9 million, down from HKD 1,658.8 million in 2020, indicating a decline of 15.5%[13] - The company reported a net loss attributable to shareholders of approximately HKD 1,268 million for the year ended July 31, 2021, a decrease from HKD 1,965.9 million in 2020[19] - The loss per share was HKD 2.637, improved from HKD 4.138 in the previous year[19] - Excluding the impact of property revaluation, the net loss attributable to shareholders was approximately HKD 499.3 million, compared to HKD 600.6 million in 2020[21] - The net asset value per share slightly decreased from HKD 55.708 as of July 31, 2020, to HKD 55.340 as of July 31, 2021[21] - The company did not recommend the payment of a final dividend for the year ended July 31, 2021, consistent with the previous year[23] - The company reported an adjusted net profit of HKD 1,456.7 million for the year, down from HKD 2,567.4 million in 2020[67] - The current ratio improved to 2.1, compared to 1.3 in the previous year, indicating better short-term financial health[64] Revenue by Segment - Revenue from property development and sales increased significantly by 48.1%, reaching HKD 2,503.3 million compared to HKD 1,690.2 million in the previous year[14] - The restaurant business saw a modest growth of 5.0%, with revenue rising to HKD 443.1 million from HKD 421.8 million[14] - Hotel operations experienced a decline of 7.7%, with revenue falling to HKD 621.2 million from HKD 673.3 million[14] - The media and entertainment segment reported a slight decrease of 1.7%, generating HKD 321.1 million compared to HKD 326.6 million in the prior year[14] - The theme park operations showed a remarkable increase of 60.4%, with revenue rising to HKD 30.8 million from HKD 19.2 million[14] Property Development and Investment - The company plans to focus on expanding its property investment and development projects in mainland China to drive future growth[12] - The company successfully acquired a residential development project at Wong Chuk Hang Station, covering approximately 95,600 square feet, with an expected total construction area of about 636,200 square feet[29] - The company plans to redevelop a property at 116 Wo Ta Lo Road, with an anticipated total construction area of approximately 46,000 square feet[29] - The residential projects at Heng An Street and Tai Keng Ling are expected to add a total construction area of approximately 64,000 square feet and 42,200 square feet to the company's property portfolio, with pre-sales anticipated to begin in the first half of 2022[30] - The company continues to explore and assess suitable land acquisition opportunities for future expansion[29] Market Outlook and Strategy - The company maintains a cautiously optimistic outlook for its business, particularly in the Greater Bay Area of Southern China[25] - Overall, the company aims to enhance its market presence through strategic investments and potential acquisitions in the coming years[12] - The company plans to maintain a prudent and flexible approach to seize development opportunities as the economy recovers[33] - Future outlook remains cautiously optimistic, with management indicating a focus on operational efficiency and cost management to navigate market challenges[87] Rental Income and Performance - The overall rental rate for the company's properties in Hong Kong remained above 90% during the review period[28] - The leasing portfolio of the company in first-tier cities and the Greater Bay Area, approximately 4,500,000 square feet, has shown stable rental income performance during the review year[36] - The first phase of the Innovation Square has achieved a leasing rate of approximately 71%, with major tenants including entertainment centers and restaurants[37] - The rental income for the year ended July 31, 2021, was approximately HKD 1,392.7 million, a decrease from HKD 1,412.2 million in the previous year, reflecting a decline of 1.9%[95] - The average rental rate for properties in the portfolio showed a year-on-year change, with a rental income analysis indicating a stable performance despite market fluctuations[87] Hotel and Entertainment Operations - The total revenue from the hotel and serviced apartment business for the year ended July 31, 2021, was HKD 621.2 million, with a year-end occupancy rate of 82.4% for the Ocean Park Marriott Hotel in Hong Kong[194] - The Ocean Park Marriott Hotel added approximately 365,974 square feet of leasable space, contributing HKD 230.5 million in revenue with an occupancy rate of 82.4%[196] - The Zhuhai Hengqin Hyatt Hotel, which opened on December 31, 2019, has a total building area of approximately 594,800 square feet and 493 rooms, generating revenue of HKD 79.2 million with a 40.6% occupancy rate[200] - The group is currently developing a mixed-use project expected to provide commercial and entertainment facilities totaling 1,584,300 square feet, with completion anticipated in 2024[181] - The group remains cautiously optimistic about the future prospects of the Ocean Park Marriott Hotel, despite the impact of COVID-19 on the tourism industry in Hong Kong[196]
丽新国际(00191) - 2021 - 年度财报