Financial Performance - The total revenue for the year ended July 31, 2024, was approximately HKD 122.7 million, a decrease of 36.1% compared to HKD 192.2 million in 2023[26] - The profit attributable to the owners of the company for the year was HKD 5.6 million, a turnaround from a loss of HKD 30 million in 2023[26] - Revenue from property sales amounted to HKD 15.2 million, significantly up from HKD 1.1 million in the previous year[26] Liquidity and Financial Position - The group maintained liquidity with bank balances and cash totaling HKD 175.7 million as of July 31, 2024, down from HKD 191.9 million in 2023[28] - The total value of securities held by the group increased to HKD 99.8 million from HKD 78.4 million in 2023[28] - The group's debt-to-equity ratio was 4.9% as of July 31, 2024, compared to 4.6% in 2023[28] Consumer Finance Business - Interest income from consumer finance loans was HKD 27.3 million, slightly down from HKD 28.7 million in 2023[33] - The group is actively developing its consumer finance service as a new revenue source despite not yet achieving break-even[33] - As of July 31, 2024, the consumer finance business had approximately 3,000 users, down from 3,500 users in 2023, with a net loan portfolio of HKD 65,100,000 compared to HKD 77,800,000 in 2023[39] Hotel Operations - The occupancy rate of the Foshan Caishen Hotel increased to approximately 24.0% in 2024 from 12.4% in 2023, generating revenue of approximately HKD 13,900,000 compared to HKD 7,000,000 in 2023[44] - The Macau Caishen Hotel recorded an occupancy rate of approximately 97.7% in 2024, up from 72.8% in 2023, with revenue of approximately HKD 231,200,000 compared to HKD 134,300,000 in 2023[44] Investment Portfolio - The investment portfolio as of July 31, 2024, included listed equity securities valued at HKD 32,700,000 and debt securities at HKD 67,200,000, with the debt securities decreasing from HKD 78,400,000 in 2023[45] - The equity portfolio experienced a net fair value loss of HKD 1,500,000 in 2024, compared to a loss of HKD 100,000 in 2023, with dividend income of HKD 300,000, down from HKD 2,600,000 in 2023[45] Risk Management and Governance - The company has established a risk management framework to identify, assess, and manage significant risks, with annual reviews conducted by the board[104] - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements[105] - The company has adopted a code of conduct for securities trading, ensuring compliance by all directors throughout the year[107] Employee and Training Initiatives - Total employee compensation for the year ending July 31, 2024, amounted to approximately HKD 23,700,000, an increase from HKD 19,800,000 in 2023[63] - The average training duration for each employee was approximately 6.00 hours during the reporting period, significantly up from 0.41 hours in 2023[169] - The company reported one workplace injury during the reporting period, resulting in one lost workday, with no fatalities recorded[168] Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes sustainable development as a key to success, integrating this concept into its business strategy[122] - The ESG report outlines the company's environmental, social, and governance initiatives and performance for the year ending July 31, 2024[121] - The company actively promotes a culture of environmental and social sustainability among employees and stakeholders[122] Sustainability and Emission Reduction - Total greenhouse gas emissions decreased to approximately 2,358.88 tons of CO2 equivalent, down from 2,524.52 tons in the previous year, achieving a reduction in emission intensity to 0.07 tons per room per night from 0.14 tons[145] - Total energy consumption was approximately 4,874.68 MWh, a decrease from 5,263.43 MWh in the previous year, with energy intensity reduced to 0.14 MWh per room per night from 0.29 MWh[153] - The company aims to maintain or reduce greenhouse gas emissions intensity in the next reporting year, targeting 2024 as the benchmark[145] Community and Supplier Engagement - The group emphasizes local procurement to stimulate the local economy and support job creation in the communities where it operates[183] - The group has a commitment to responsible procurement and environmental management, prioritizing recyclable and eco-friendly products[175] - The group actively encourages suppliers to consider climate risks and reduce environmental impacts during procurement processes[175]
冠中地产(00193) - 2024 - 年度财报