Financial Performance - For the fiscal year ending June 30, 2024, the group reported a profit attributable to shareholders of HKD 64.3 million, compared to a loss of HKD 19.5 million in the previous year[2]. - The group's revenue for the fiscal year was HKD 133.7 million, slightly down from HKD 136.3 million in the previous fiscal year[2]. - The earnings per share for the fiscal year was HKD 0.0562, recovering from a loss per share of HKD 0.0171 in the previous year[2]. - The group reported a revenue of HKD 133,693,000 for the year ending June 30, 2024, with a gross profit of HKD 79,048,000, compared to HKD 136,356,000 and HKD 76,123,000 in the previous year[26]. - The net profit attributable to shareholders for the year was HKD 64,305,000, a significant recovery from a loss of HKD 19,487,000 in the previous year[26]. - The pre-tax profit for the year was HKD 64,602,000, a recovery from a loss of HKD 19,200,000 in the previous year[35]. - Basic earnings per share for the year were HKD 64,305,000, compared to a loss of HKD 19,487,000 in the previous year, reflecting a strong turnaround[36]. - The group's net financial income increased to HKD 55,967,000 from HKD 30,004,000 year-on-year[34]. - Trade receivables increased to HKD 32,930,000 from HKD 25,658,000, indicating improved collection efficiency[37]. - Trade payables decreased to HKD 2,355,000 from HKD 3,941,000, showing better cash management[38]. - The group has committed but unrecognized expenditures of HKD 8,577,000 for renovations and equipment purchases, down from HKD 13,997,000[39]. - The group's administrative and other expenses were reduced to HKD 50,284,000 from HKD 51,239,000, reflecting cost control measures[34]. - The group reported a net loss from property, plant, and equipment disposals of HKD 7,000, compared to HKD 2,000 in the previous year[35]. - The group’s other income and losses improved to a loss of HKD 41,737,000 from HKD 43,214,000, indicating a slight recovery[34]. Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.015 per share, totaling HKD 0.03 per share for the fiscal year, compared to no dividend in the previous year[3][4]. - The proposed final dividend is subject to approval at the annual general meeting, with the record date for the proposed dividend being October 30, 2024[40]. - The company will suspend the transfer of shares from October 18, 2024, to October 23, 2024, to determine the list of shareholders eligible to attend the annual general meeting[40]. - The annual report for 2024 will be sent to all shareholders around September 27, 2024, and will be available on the Hong Kong Stock Exchange and the company's website[44]. Visitor Statistics and Tourism - The total number of visitors to Hong Kong for the fiscal year was 42.27 million, a significant increase from 13.41 million in the previous year[5]. - Visitors from mainland China accounted for approximately 78% of total arrivals, totaling 32.79 million, compared to 10.42 million in the previous year[5]. - In 2023, the number of travelers to Hong Kong rebounded to 52.2% of pre-pandemic levels, with expectations to improve to 69.1% in the first half of 2024, indicating a stable recovery in the tourism sector[23]. - The group plans to expand the Individual Visit Scheme to 59 cities in mainland China by March 2024, enhancing travel flexibility for mainland residents[23]. Hotel Performance - The average room occupancy rate for City Garden Hotel was 100%, with rental income of HKD 87.9 million, up 5.1% from the previous year[7]. - The average room occupancy rate for Hong Kong Harbour Grand Hotel was 69.1%, with rental income of HKD 357.7 million, an increase from HKD 247.5 million in the previous year[8]. - The average room occupancy rate for Royal Pacific Hotel was 83%, with rental income of HKD 249.9 million, up from HKD 153.2 million in the previous year[9]. - The hotel received the "Tripadvisor's Travelers' Choice Awards 2024," ranking in the top 10% of hotels globally, affirming its commitment to excellent service[22]. - The hotel welcomed over 2,200 visitors during a two-day open house event in February 2024, celebrating the Lunar New Year with local artists and community initiatives[22]. Environmental and Social Responsibility - The group achieved a 40.26% reduction in greenhouse gas emissions compared to the 2012 baseline, equivalent to planting 202,584 trees, with a target to reduce emissions by 30% by 2030[16]. - The group aims to source 60% of its seafood from sustainable sources by 2025 and 100% by 2030, with 55% of seafood procured as of June 30, 2024, already having environmental labels and certifications[18]. - The group has implemented a waste management policy aiming to eliminate all single-use plastic products by 2035, having already replaced disposable plastic utensils with non-plastic alternatives[17]. - The group received the "ESG Measures Award - Gold" at the 2023/24 HR Excellence Awards, recognizing its comprehensive ESG practices across operations[14]. - The group has been recognized for its efforts in environmental management, receiving the "Hong Kong Environmental Excellence Award" for its outstanding performance in environmental protection[18]. - The group has installed 72 solar panels at the City Garden Hotel, generating approximately 20,822 kWh of electricity annually, promoting renewable energy development in Hong Kong[16]. - The group has donated over 53,300 bowls of soup to elderly individuals in need through its "Love Soup Action" initiative since 2011[19]. - The group continues to support community engagement through various initiatives, including the "Sino Women Connection Program" to promote diversity and inclusion among female employees[20]. - The group has launched a quality service training program that positively impacts customer service experience and employee engagement[13]. Corporate Governance - The company has adopted its own corporate governance code based on the principles and code provisions of the Corporate Governance Code under the Listing Rules, and has complied with all code provisions during the financial year[42]. - The audited consolidated financial statements for the year ended June 30, 2024, have been reviewed by the company's audit committee[43].
SINO HOTELS(01221) - 2024 - 年度业绩