Financial Performance - The group reported an unaudited consolidated loss after tax of HKD 34,919,000 for the six months ended December 31, 2024, compared to a profit of HKD 312,900,000 for the same period in 2023[3]. - The overall revenue for the six months ended December 31, 2024, was HKD 77,685,000, a slight decrease from HKD 78,471,000 in the previous year[22]. - The company reported a loss attributable to shareholders of HKD 49,518,000 for the six months ended December 31, 2024, compared to a loss of HKD 312,911,000 for the same period in 2023[59]. - Total comprehensive income for the period was reported at HKD (42,156,000), including other comprehensive income of HKD 4,099,000 and HKD 1,863,000 from fair value changes[31]. - The company reported a profit of HKD 312,911 thousand for the period, contributing to total equity of HKD 6,872,427 thousand as of December 31, 2024[29]. Dividends - The board declared an interim dividend of HKD 0.0225 per share, unchanged from the interim dividend in 2023[4]. - The company approved a final dividend of HKD (26,107,000) for the year 2022[31]. - Dividend paid per ordinary share increased to HKD 0.04, up from HKD 0.03 in the previous year, totaling HKD 26,107,000[57]. - The board has proposed an interim dividend of HKD 0.0225 per share, consistent with the previous year, to be distributed on April 14, 2025[127]. Revenue Sources - Revenue from property sales amounted to HKD 61,798,000, while property leasing generated HKD 15,887,000, leading to a total segment revenue of HKD 77,685,000 for the six months ended December 31, 2024[41]. - Property sales revenue was HKD 61,798,000, up 1.5% from HKD 60,902,000 year-on-year[45]. - Property leasing revenue decreased to HKD 15,887,000, down 6.5% from HKD 16,993,000 in the previous year[45]. Costs and Expenses - The group experienced a significant increase in administrative costs, totaling HKD 28,613,000 compared to HKD 28,360,000 in the previous period[22]. - Total financial costs rose to HKD 30,317,000, an increase from HKD 12,351,000 in the previous year[50]. - Interest expenses for the 2024 period rose to HKD 30,317,000, a significant increase of 145.5% compared to HKD 12,351,000 in 2023, primarily due to higher bank loan interest rates[102]. Assets and Liabilities - Total assets less current liabilities increased to HKD 8,249,853 thousand from HKD 7,598,266 thousand, representing a growth of approximately 8.6%[26]. - The company’s total liabilities increased to HKD 1,410,921 thousand from HKD 705,670 thousand, reflecting a significant rise[26]. - The company’s total assets as of December 31, 2024, were HKD 8,601,399,000, with total liabilities of HKD 628,379,000[41]. - Current liabilities decreased significantly from HKD 1,963,422 thousand to HKD 1,059,614 thousand, a reduction of approximately 46%[25]. Market Performance - The group anticipates a recovery in the Hong Kong financial market, with stronger economic growth expected in 2025 due to a downward trend in global interest rates[19]. - The occupancy rate for the serviced apartments in Malaysia's Parkview project has increased to 80%, with ongoing renovations to further enhance occupancy[16]. - The rental rate for Zhao Garden Phase II in Pok Fu Lam is maintained at 60%, while Zhao Garden Phase III has an occupancy rate of 75%, contributing positively to rental income[7][8]. Investments - The investment in bonds has a market value of HKD 51,211,000, while the market value of stock investments is HKD 60,798,000 as of December 31, 2024[18]. - The fair value of investment properties decreased by HKD (22,242,000) during the reporting period[41]. - The company holds investments in perpetual notes with fixed annual interest rates ranging from 4.85% to 6.5%[69]. Acquisitions and Proposals - The company is actively considering two acquisition proposals for the public tender of Ziwai Residence, which commenced on November 21, 2024[9]. - The company is currently evaluating the impact of new accounting standards that have been issued but are not yet effective[37]. Governance and Compliance - The company has adhered to corporate governance principles, although the roles of chairman and president have not been separated, and a suitable candidate for the president position is being sought[130]. - The interim financial statements for the six months ending December 31, 2024, have been reviewed by external auditors and comply with the relevant disclosure requirements[131]. - The company has adopted a standard code for securities trading by directors and related employees, with no known violations reported[133].
卓能(集团)(00131) - 2025 - 中期业绩