鹰君(00041) - 2024 - 年度业绩

Financial Performance - Core business revenue for the year ended December 31, 2024, was HKD 7,833.1 million, an increase of 4.1% from HKD 7,522.3 million in 2023[3] - Equity holders' post-tax core profit decreased by 16.4% to HKD 1,553.0 million, down from HKD 1,858.1 million in the previous year[3] - Total revenue according to statutory accounting standards was HKD 10,878.5 million, reflecting a 2.2% increase from HKD 10,644.2 million in 2023[3] - Total revenue for the year ended December 31, 2024, was HKD 10,878.5 million, an increase of 2.2% compared to HKD 10,644.2 million in 2023[11] - The company reported a net loss of HKD 2,396,773,000 for the year, compared to a profit of HKD 828,037,000 in 2023[105] - Basic and diluted loss per share was HKD 2.32, compared to earnings of HKD 1.02 per share in the previous year[105] - The company reported a loss attributable to shareholders of HKD 1,734,209 for the year[130] - The company reported a loss attributable to shareholders of HKD (1,734,209,000) in 2024, compared to a profit of HKD 763,511,000 in 2023[138] Revenue Breakdown - Property sales revenue increased by 24.7% to HKD 1,340.5 million, compared to HKD 1,075.1 million in 2023[8] - Hotel segment revenue rose by 3.1% to HKD 5,085.2 million, up from HKD 4,932.9 million in the previous year[8] - The net rental income from the Crown Industrial Trust decreased by 6.7% to HKD 1,598.4 million, down from HKD 1,713.7 million in 2023[11] - Rental income from investment properties decreased to HKD 2,342,286 in 2024 from HKD 2,477,189 in 2023, reflecting a decline of approximately 5.5%[121] - The total external revenue from the hotel business was HKD 6,608,501, while the total revenue from property investment was HKD 172,329 in 2024[126] Asset and Liability Management - The total assets of the group as of December 31, 2024, were HKD 99,404 million, with total liabilities of HKD 36,378 million, resulting in a net asset value of HKD 63,026 million[9] - The group’s asset-to-liability ratio was 26.5%, which could decrease to 20.9% when considering the estimated value of owned hotels[6] - The overall net debt of the company decreased to HKD 25,097 million as of December 31, 2024, down from HKD 28,411 million a year earlier, primarily due to positive cash flow from operations[72] - Shareholders' equity, based on professional valuation, decreased to HKD 54,089 million as of December 31, 2024, from HKD 56,779 million a year earlier, mainly due to valuation losses on investment properties[72] - The company's total liabilities surged to HKD 8,827,339,000 in 2024, up from HKD 4,145,142,000 in 2023, indicating a substantial increase of 112.0%[142] Dividend and Shareholder Returns - The interim dividend per share remained stable at HKD 0.37, while the final dividend per share was also maintained at HKD 0.50[3] - The proposed final dividend is HKD 0.50 per share, consistent with the previous year, leading to a total annual dividend of HKD 0.87 per share[86] - The company plans to declare a final dividend of HKD 0.50 per share for the financial year ending December 31, 2024, consistent with the previous year[136] Operational Challenges and Outlook - The group anticipates ongoing challenges due to high inflation and changing consumer preferences, impacting overall profitability[12] - The hotel division's outlook remains stable despite operational challenges, including labor shortages and rising costs, with ongoing efforts to control expenses and innovate in hotel operations[68] - The company is focused on maintaining a cautious approach in operations while actively seeking quality investment opportunities to drive future growth[70] - Future outlook remains positive with ongoing developments in new products and technologies aimed at improving service offerings and customer experience[126] Investment and Development Projects - The group plans to open new hotels under the Ying'nFlo brand in major cities in mainland China by 2025[13] - The group has established a joint venture with a Singapore developer to acquire a hotel portion of a mixed-use development project in Kuala Lumpur, expected to commence operations by the end of 2027[13] - The residential development project "Langham Peak" in Ho Man Tin is set to complete in mid-2025, with 990 units and a total gross floor area of approximately 742,000 square feet[52][54] - The joint development project in Kowloon East has a total land price of HKD 5.35 billion, with a gross floor area of approximately 992,270 square feet[55] - The company remains optimistic about the mid-term outlook for the Hong Kong residential market, supported by increasing housing demand from talent immigration from mainland China[68] Governance and Compliance - The company is committed to strong governance principles to enhance stakeholder confidence and long-term value creation[90] - The company has adhered to most of the corporate governance code provisions as outlined in the Hong Kong Stock Exchange Listing Rules[91] - The audit committee reviewed the company's full-year performance for the year ended December 31, 2024[98] - The company has adopted its own securities trading code, which meets or exceeds the standards set forth in the listing rules[97]