Financial Performance - The total revenue for the year 2021 was HKD 24,585,151,818, representing a significant increase compared to previous years[7]. - The underlying operating profit for 2021 was HKD 5,671,648,057, showing a substantial growth from HKD 2,471,844,783 in 2020[7]. - The attributable profit to shareholders for 2021 was HKD 5,304,883,959, up from HKD 901,781,260 in 2020, indicating a strong recovery[7]. - Basic earnings per share for 2021 were HKD 296.55, compared to HKD 132.11 in 2020, reflecting a 124% increase[7]. - The group's attributable profit for the fiscal year ending June 30, 2021, was HKD 56.7161 billion, a 129.4% increase from HKD 24.7180 billion in the previous year[15]. - Basic earnings per share for the fiscal year were HKD 2.96, up from HKD 1.32 in the previous year[15]. - Total property sales revenue for the fiscal year was HKD 20.23939 billion, significantly up from HKD 8.6390 billion in the previous year[18]. - The company reported a net profit for the year reached HKD 10,472,838,642, up from HKD 1,673,524,555 in the prior year, reflecting an increase of approximately 525%[190]. - Total comprehensive income for the year was HKD 11,583,121,070, compared to HKD 891,199,856 in the previous year, showcasing a remarkable increase[190]. Assets and Equity - The total assets as of 2021 amounted to HKD 164,627,524,744, an increase from HKD 155,270,884,414 in 2020[11]. - The total equity attributable to shareholders reached HKD 85,066,433,045 in 2021, up from HKD 78,883,032,862 in 2020[11]. - The company's total equity increased to HKD 85,066,433,045 as of June 30, 2021, from HKD 78,883,032,862 the previous year[194]. - The company's reserves attributable to shareholders increased from HKD 64,580,746,144 in 2020 to HKD 69,724,442,659 in 2021, reflecting a growth of approximately 7.7%[193]. Dividends - The company declared a final dividend of HKD 0.41 per share and a special dividend of HKD 0.28 per share for 2021[7]. - The mid-term dividend for 2021 was maintained at HKD 0.14 per share, consistent with the previous year[7]. - The board proposed a final dividend of HKD 0.41 per share and a special dividend of HKD 0.28 per share, totaling HKD 0.83 per share for the fiscal year[16]. - The company declared an interim dividend of HKD 0.14 per share, totaling HKD 269,420,440, and proposed a final dividend of HKD 0.41 per share, amounting to HKD 793,541,406, along with a special dividend of HKD 0.28 per share, totaling HKD 541,930,717[131]. Property Development and Sales - The company plans to launch multiple new residential projects, including "揚海" in Wong Chuk Hang, which has received pre-sale consent[18]. - The property sales from Sino Land, including joint ventures, amounted to HKD 20.4330 billion, up from HKD 2.3727 billion in the previous year[18]. - The company achieved a property sales ratio of 78.1% for the residential units sold in the third phase of "信和．御龍天下" and 66.7% for "133 Portofino" in Sai Kung[18]. - As of June 30, 2021, the company has a land reserve of approximately 2,080,000 square feet, with a balanced property type distribution: 43% commercial, 32.4% residential, 11.3% industrial, 7.5% parking, and 5.8% hotel[19]. Rental Income and Occupancy - Total rental income for the fiscal year was HKD 3.664 billion, a decrease of 9.8% year-on-year, while net rental income was HKD 3.2165 billion, down 10.6% from the previous year[28]. - The overall occupancy rate of the investment property portfolio was approximately 89.8%, down 5 percentage points from the previous year, with retail properties experiencing the largest decline[28]. Sustainability and Corporate Social Responsibility - The company has established a sustainable development vision for 2030, focusing on reducing carbon emissions and promoting green living[32]. - The company aims to achieve net-zero carbon emissions by 2050, participating in the "Business Ambition for 1.5°C" initiative[32]. - The company donated over 1,000 laptops to support underprivileged students in Hong Kong through the "One Person, One Computer" initiative[33]. - The company launched the "Love Meal Box Donation Program," providing over 60,000 meal boxes to families in need[47]. Governance and Risk Management - The board consists of six directors, including two executive directors (Chairman and Vice Chairman), one non-executive director, and three independent non-executive directors[61]. - The company has established a corporate governance framework emphasizing high standards and transparency to enhance shareholder returns[59]. - The company has established a unified risk management platform to facilitate constructive discussions and timely reporting of risks[111]. - The internal audit department provides independent assessments of the adequacy and effectiveness of the risk management and internal control systems[115]. Financial Management - The company maintained a strong treasury management with minimal foreign exchange and interest rate risks[136]. - The company’s financial performance summary is detailed in the consolidated income statement on page 72 of the annual report[131]. - The company has implemented a comprehensive enterprise risk management system to identify, assess, respond to, and report risks that may impact its strategic goals[111]. Shareholder Information - The company emphasizes the importance of shareholder privacy and will not disclose shareholder information without consent, except as required by law[107]. - The company has established a dividend policy aimed at providing stable dividends linked to business performance, effective from January 1, 2019[110].
TST PROPERTIES(00247) - 2021 - 年度财报