中华汽车(00026) - 2024 - 年度业绩

Financial Performance - The group's operating profit for the fiscal year ending June 30, 2024, was HKD 95 million, an increase from HKD 74 million in the previous year, primarily due to increased rental and interest income, offset partially by foreign exchange losses [3]. - The audited consolidated loss attributable to shareholders was HKD 262 million, compared to a loss of HKD 155 million in the previous year, mainly reflecting revaluation losses on investment properties [3][12]. - The company's revenue for 2024 was HKD 69,550,000, an increase of 3.3% from HKD 66,935,000 in 2023 [17]. - The financial income for 2024 reached HKD 63,600,000, up from HKD 43,271,000 in 2023, representing a growth of 47.1% [17]. - The operating profit attributable to joint ventures was HKD 94,839,000, compared to HKD 73,853,000 in 2023, marking a rise of 28.4% [18]. - The total loss for the year was HKD 262,219,000, which is a significant increase from HKD 155,236,000 in 2023 [14]. - The total comprehensive loss for the year was HKD 264,496,000, compared to HKD 111,946,000 in 2023, indicating a substantial increase in losses [14]. - The company reported a basic and diluted loss per share of HKD 5.79 for 2024, compared to HKD 3.43 in 2023 [13]. - The company's net asset value decreased to HKD 7,198,532,000 in 2024 from HKD 7,607,914,000 in 2023, a decline of 5.4% [15]. - The group’s total operating expenses increased to HKD 20,225,000 in 2024 from HKD 19,015,000 in 2023 [24]. - The group declared a total dividend of HKD 144,886,000 for 2024, consistent with the previous year [31]. Revenue and Occupancy - Approximately 88% of the floor area of South Island Place, a modern Grade A office building, has been leased to high-quality tenants [6]. - The rental occupancy rate for the office space at North Point's Port Centre was 66%, while residential units were fully leased at 100% [7]. - Revenue from Hong Kong operations was HKD 38,897,000 in 2024, up from HKD 37,552,000 in 2023, while UK operations generated HKD 30,653,000, an increase from HKD 29,383,000 [22]. Investments and Projects - The group holds a 20% stake in Windcharm Property Holdings Limited, which is redeveloping a site into a mixed-use project with a total construction area of 64,500 square meters [4]. - The foundation works for the redevelopment project at Chai Wan are progressing as planned, with concrete works ongoing and the first occupancy permit expected in 2025 [5]. - The group has signed a sale agreement for Albany House in London for GBP 47 million (approximately HKD 478 million), pending shareholder approval [8]. Financial Position and Liquidity - Despite macroeconomic challenges, the group's financial position remains strong with sufficient liquidity and no external debt, positioning it to benefit from future market improvements [10]. - The group’s cash and cash equivalents increased to HKD 112,230,000 in 2024 from HKD 74,903,000 in 2023, reflecting a growth of 49.8% [15]. - The group’s interest income rose to HKD 66,351,000 in 2024, compared to HKD 43,960,000 in 2023, marking a significant increase of 50.8% [23]. - The group’s total receivables amounted to HKD 9,493,000 in 2024, down from HKD 11,963,000 in 2023 [29]. - The group’s current assets and liabilities as of June 30, 2024, were HKD 6,855,642,000 and HKD 293,249,000 respectively, resulting in a net current asset position of HKD 6,562,393,000 [37]. Shareholder Information - The total dividend proposed for the year is HKD 3.20 per share, consistent with the previous year, which includes a final dividend of HKD 0.10 and a special dividend of HKD 1.70 [3]. - The proposed final dividend is HKD 0.10 per share, along with a special dividend of HKD 1.70 per share, totaling HKD 3.20 per share for the year, consistent with the previous year [34]. - As of June 30, 2024, the total issued and paid-up ordinary shares were 45,276,856, with a total amount of HKD 92,537,000 [32]. - The company will suspend the transfer of shares from November 29, 2024, to December 4, 2024, for the annual general meeting [35]. Audit and Compliance - The company’s auditor confirmed that the figures in the annual performance announcement are consistent with the consolidated financial statements for the year ended June 30, 2024 [33]. - The company does not foresee the need to establish an internal audit function due to its current structure and scale [38]. - The group has not repurchased, sold, or redeemed any of its listed securities during the year [35]. Economic Outlook - The group anticipates continued challenges in the global economic environment, with potential impacts from geopolitical tensions and a slowdown in the Chinese real estate market [9].