Financial Performance - Revenue for the year from continuing and discontinued operations was reported at [specific number not provided in the content] million, reflecting a [specific percentage not provided in the content]% change compared to the previous year[13]. - Profit attributable to owners of the company for the year was [specific number not provided in the content] million, indicating a [specific percentage not provided in the content]% increase/decrease from the prior year[13]. - For the financial year ended 31 March 2021, the Group recorded revenue of HK$1,451.6 million, representing a year-on-year increase of 51.5% from HK$958.2 million in the previous year[21]. - Consolidated profit attributable to owners of the Company amounted to HK$275.0 million, an increase of 24.2% over the profit of HK$221.4 million attained last year[21]. - The basic earnings per share and diluted earnings per share for the year were HK25.2 cents, representing increases of 24.1% compared to HK20.3 cents last year[24]. - As at 31 March 2021, the net asset value of the Group was HK$4,137.1 million, reflecting a 5.4% increase from HK$3,923.6 million in 2020[25]. - The total amount of dividends paid to shareholders for the year remained the same at HK7.5 cents per share, consistent with the previous year[30]. Business Strategy and Development - The company is focusing on expanding its property development business, which is expected to contribute significantly to future revenue growth[11]. - New product lines in health products are being developed, aiming to capture a larger market share in the health sector[11]. - The company plans to enhance its construction business through strategic partnerships and acquisitions to improve operational efficiency[11]. - The company is exploring potential mergers and acquisitions to diversify its portfolio and enhance competitive advantage[11]. - The Group plans to adopt a joint-venture approach for future property development projects to diversify investments and manage risks[62]. - The Group has built up its land bank over the years, acquiring parcels of land when prices were reasonable, and will prioritize maintaining sound cash flows and reasonable gearing ratios[174]. Market Trends and Outlook - Future outlook indicates a cautious optimism with projected revenue growth of [specific percentage not provided in the content]% for the next fiscal year[11]. - User data shows an increase in customer engagement by [specific percentage not provided in the content]% over the past year, indicating strong market interest[11]. - The Hong Kong real estate market saw a 1.5% increase in property prices so far this year, supported by strong demand and a low-interest rate environment[50]. - The Group expects relatively stable property prices moving forward, despite ongoing economic uncertainties[41]. - Overall property transactions in Hong Kong surged 79.2% in the January to March 2021 period, totaling 22,840 transactions compared to 12,744 in 2020[172]. - A modest recovery in residential and office properties is anticipated post-pandemic, leading to an increase in property prices and rents[191]. Construction and Infrastructure - The construction division's revenue increased by 89.8% year-on-year to HK$1.1 billion for the year ended March 31, 2021[44]. - The construction industry in Hong Kong faced delays in early 2020 due to COVID-19, but infrastructure projects gradually resumed later in the year, contributing to stable revenue growth for the Group[33]. - The government’s investment in public infrastructure and land supply has driven demand for construction expertise from both public and private sectors[39]. - Significant construction projects, including public infrastructure works and residential developments, are either underway or set to commence, leading to optimism about the sector's prospects[109]. - The construction sector is expected to benefit from the government's plan to increase annual capital works expenditure and push forward more public infrastructure works[106]. Challenges and Risks - The construction industry faced challenges such as skilled labor shortages and high construction costs, impacting overall project margins[40]. - Companies in the construction industry must comply with strict environmental management requirements from the Hong Kong Government and regulatory bodies[107]. - The construction industry faces challenges such as stiff competition and the need for innovation to improve competitiveness and resilience to margin pressures[108]. - The company acknowledges the need for innovation and strict cost control to withstand intense competition and profit pressure in the construction industry[111]. Property Investment and Management - The Property Investment Division recorded revenue of HK$63.7 million for the year ended 31 March 2021, an increase of 32% from HK$48.2 million in 2020[180]. - The Group's property investment strategy has been successful, aided by a thriving Hong Kong property market in a low interest rate environment[196]. - The Hong Kong Government abolished double stamp duty for non-residential properties in November 2020, which is expected to revitalize the investment properties market[192]. - The Group aims to retain properties with the highest potential for favorable returns amidst rising social discontent over housing affordability[196]. - Rental rates are expected to remain soft, with a decline in vacancies anticipated[190]. Dividends and Shareholder Returns - The Company intends to pay two interim dividends, with the second interim dividend replacing the final dividend, to provide a more even distribution of dividend payments throughout the year[28].
兴胜创建(00896) - 2021 - 年度财报