HKR INT'L(HK:00480)2019-07-15 10:23Awards and Recognition - HKR International Limited received the "Most Influential Enterprise of the Year 2018" award, highlighting its significant impact in the commercial real estate sector[48]. - The company achieved a 5-star award for "Best Interior Design Apartment Hong Kong" at the International Property Awards 2018-2019, showcasing its commitment to quality in property development[48]. - HKR International Limited was recognized as a "Meritorious Family-Friendly Employer" and received special mention for its support of breastfeeding initiatives, reflecting its dedication to social responsibility[48]. - The company secured LEED® Platinum and Gold certifications for its office towers and shopping malls, indicating a strong focus on sustainable building practices[48]. - HKR International Limited's "Discovery Bay" was awarded the "Eco-Friendly Showcase Award 2018," emphasizing its commitment to environmental sustainability[48]. - The company was named "Outstanding Developer" at the Capital Outstanding Developer Awards 2018, reinforcing its reputation in the real estate market[48]. - HKR International Limited's mixed-use interior project won a 5-star award at the International Property Media, further establishing its design excellence in the Asia Pacific region[48]. - The company received recognition as a "Green Office and Eco-Healthy Workplace" under the Green Office and Eco-Healthy Awards Labelling Scheme, highlighting its efforts in promoting a healthy work environment[48]. - HKR International Limited was awarded the "Corporate Green Governance Award" for its leadership in corporate sustainability practices[48]. - The company was featured in the "China Feast Restaurant Awards 2018-2019" as an annual gourmet landmark, showcasing its influence in the dining and hospitality sector[48]. Financial Performance - The Group's turnover for the financial year ended March 31, 2019, was HK$3,844.0 million, representing a 73% increase from HK$2,222.3 million in the previous year[69]. - Profit attributable to the Company's shareholders decreased by 4.3% to HK$2,206.9 million compared to HK$2,305.1 million in 2017/2018[69]. - Basic earnings per share were HK148.6 cents, down from HK155.2 cents last year[69]. - The net asset value attributable to the Company's shareholders as of March 31, 2019, was HK$21,300.4 million (HK$14.3 per share), an increase from HK$19,717.8 million (HK$13.3 per share) the previous year[69]. - The Board of Directors recommended a final dividend of HK6 cents per share, bringing the total dividend for the year to HK10 cents per share[70]. Real Estate Development - HKR International Limited's flagship project, Discovery Bay, has a total gross floor area of approximately 11,000,000 sq. ft. and includes various residential and recreational facilities[55]. - The CDW Building in Tsuen Wan has a total gross floor area of approximately 980,000 sq. ft., featuring a shopping mall and office tower[56]. - The La Cresta residential development in Sha Tin has a total gross floor area of approximately 135,000 sq. ft.[57]. - HKRI Taikoo Hui in Shanghai comprises a total gross floor area of approximately 3,500,000 sq. ft., including retail, office, and hotel facilities[57]. - City One in Jiaxing has a total gross floor area of approximately 893,000 sq. ft., marking the first residential project by a Hong Kong developer in the area[58]. - The Group launched the Poggibonsi residential project in Discovery Bay in March 2019, aiming to enhance service quality at membership clubs[76]. - The two notable residential projects, Poggibonsi in Discovery Bay and La Cresta in Sha Tin, have received keen market interest[89]. - The Group's integrated developments, particularly in Discovery Bay and HKRI Taikoo Hui, aim to create self-contained ecosystems that blend living, working, and leisure[90]. - The Group's strategy includes diversifying its property portfolio geographically, targeting an equal proportion of its portfolio in Hong Kong, mainland China, and overseas[101]. Market Conditions - The real estate market in Hong Kong has shown moderate decline, with property transactions reducing in the second half of 2018 due to new housing initiatives[73]. - In Hong Kong, the property market showed stability with improved transaction volume and prices since the beginning of the year, despite a brief dip in the latter half of 2018[89]. - The economic outlook for Hong Kong in 2019 is expected to be challenging due to moderating growth among key trading partners[196]. - The introduction of additional control measures by the HKSAR Government may significantly impact property prices if home prices continue to rise[200]. Sustainability and Environmental Initiatives - The company secured LEED® Platinum and Gold certifications for its office towers and shopping malls, indicating a strong focus on sustainable building practices[48]. - HKRI Taikoo Hui's office towers and shopping mall have achieved LEED® Platinum and Gold certifications, respectively, demonstrating a commitment to sustainable development[177]. - The company reduced electricity consumption by 6% in Hong Kong and mainland China compared to the previous year[184]. - More than 24,000 kg of food waste was diverted from landfills through waste management initiatives at Discovery Bay[184]. - The Group is committed to environmental sustainability by purchasing new buses that meet EU emission standards[144]. - The Group emphasizes sustainable development by partnering with suppliers who share similar values and implementing environmental practices[195]. Healthcare and Community Engagement - The Group's healthcare operation received ISO 9001:2015 certification, reflecting its commitment to quality management[192]. - GenRx Holdings Limited acquired Humphrey & Partners Medical Services Limited, which operates over 250 affiliated clinics, to strengthen its presence in the private healthcare sector[160][162]. - Healthway Medical has established a database of over 2 million patient records and continues to expand its comprehensive healthcare services[167]. - The company has formed strong alliances with over 1,000 businesses and nearly 50 local and international healthcare institutions and insurance companies[167]. - Healthway Medical is positioned to lead healthcare promotion across various communities and enterprises nationwide[167]. Employee Engagement and Corporate Culture - As of March 31, 2019, the Group employed a total of 2,359 employees, focusing on talent attraction and retention[185]. - The Group launched a new corporate wellness program, "PRI2DE Wellness," aimed at promoting work-life balance and employee engagement[185]. - The total number of employees as of March 31, 2019, was 2,359, with a focus on creating an inclusive work environment to attract and retain talent[188]. - The Group has expanded customer service training programs to ensure consistent service levels across various business sectors[188]. - The Group is enhancing communication with customers through various channels, including a 24-hour customer service hotline and mobile messaging applications[191]. Hospitality and Leisure - The hospitality arm of the Group is benefiting from its growing scale and operational expertise, preparing for further growth when suitable opportunities arise[80]. - The average occupancy rate of Auberge Discovery Bay Hong Kong was 79% during the year, despite strong competition[146]. - The Sukhothai Shanghai achieved an occupancy rate of 55% as of March 31, 2019, and received 25 awards in 2018, including "City Hotel of the Year 2018" by Small Luxury Hotels of the World[158][161]. - The Sukhothai Bangkok opened its Club Wing after a major renovation, enhancing its service offerings[64]. - The marina at Discovery Bay Marina Club is expected to reopen in the second half of 2020 after renovations, aiming to attract the prestigious boating community[148].