Financial Performance - Revenue for the year ending December 31, 2024, increased by approximately 43.5% to about HKD 1,369.3 million from approximately HKD 954.3 million in 2023[2] - The group reported a total comprehensive loss of approximately HKD 2,098.3 million for the year ending December 31, 2024, compared to HKD 1,143.6 million in 2023[7] - The group reported a net loss of approximately HKD 1,896,600,000 for the year ending December 31, 2024, compared to a net loss of approximately HKD 900,300,000 in 2023[13] - The attributable loss to equity shareholders and perpetual convertible securities holders was approximately HKD 1,832.6 million, compared to HKD 876.9 million in 2023[3] - Basic and diluted loss per share for the year ending December 31, 2024, was approximately HKD 1.20, compared to HKD 0.57 in 2023[3] Property Sales and Revenue - For the year ending December 31, 2024, the group recorded property and parking space pre-sales totaling approximately HKD 784.5 million, with an average selling price of approximately HKD 54,649.9 per square meter, representing an increase of about 30.7% and 89.2% compared to 2023[2] - Revenue from property sales reached HKD 806,752,000 in 2024, a significant increase of 99% compared to HKD 405,477,000 in 2023[23] - Property sales revenue for the year ended December 31, 2024, was approximately HKD 806,800,000, accounting for about 58.9% of total revenue, with a 99.0% increase compared to the previous year[75] - The group confirmed property sales revenue (excluding parking space sales) of approximately HKD 804.3 million, with a confirmed average selling price of HKD 93,047.2 per square meter, an increase of about 41.7%[55] Investment Properties - The total fair value of the investment property portfolio was approximately HKD 6,378.4 million, accounting for about 38.4% of the group's total assets[2] - The rental income generated from investment properties for the year ended December 31, 2024, was approximately HKD 223.1 million, representing an increase of about 2.7% compared to HKD 217.2 million for the year ended December 31, 2023[60] - The occupancy rate of the investment properties increased from approximately 82.5% as of December 31, 2023, to approximately 88.0% as of December 31, 2024[60] - The company recorded a fair value loss of approximately HKD 915.9 million for investment properties (net of deferred tax) for the year ended December 31, 2024[58] Financial Position and Liabilities - The net asset liability ratio for the group was approximately 80.0% as of December 31, 2024, compared to 63.6% in 2023[3] - The group's total equity decreased to HKD 6,024,844,000 in 2024 from HKD 8,123,162,000 in 2023[10] - The total liabilities for 2024 were HKD 10,591,825,000, down from HKD 11,917,705,000 in 2023, indicating a reduction of 11.1%[30] - The group's cash and cash equivalents were approximately HKD 376,900,000, which includes approximately HKD 115,100,000 outside mainland China[14] Operational Challenges - The group is facing significant uncertainty regarding its ability to continue as a going concern due to ongoing challenges in the property market and tightening financing conditions[14] - The group plans to implement measures to alleviate cash flow pressure and improve its financial situation, including discussions with banks and shareholders regarding continued financing[15] - The group is actively seeking potential buyers for properties and investments outside mainland China[21] Cost Management - The group continues to implement measures to control administrative costs and reduce capital expenditures[21] - Employee costs totaled HKD 196,877,000 in 2024, a decrease from HKD 218,567,000 in 2023, reflecting a reduction of 9.9%[35] - Selling and marketing expenses increased by approximately 236.6% to about HKD 257,600,000 for the year ended December 31, 2024, compared to approximately HKD 76,500,000 in the previous year[80] Corporate Governance and Future Plans - The board did not recommend the payment of a final dividend for the year ending December 31, 2024[3] - The company has adhered to all corporate governance codes as of December 31, 2024, with a noted exception regarding the roles of the chairman and CEO[111] - The company plans to continue identifying land with investment potential in both domestic and international markets, particularly in economically vibrant areas[66]
莱蒙国际(03688) - 2024 - 年度业绩