Financial Performance - Total revenue for 2024 was HKD 199,736,000, representing a 2% increase from HKD 196,014,000 in 2023[6] - The loss attributable to equity holders was HKD (146,680,000), a 400% decrease compared to a profit of HKD 48,961,000 in 2023[6] - Fair value changes of investment properties and related tax impacts resulted in a profit of HKD 276,914,000, up 266% from HKD 75,573,000 in 2023[6] - Earnings per share (EPS) was HKD (4.32), a 400% decline from HKD 1.44 in 2023[6] - The net asset value per share decreased by 13% to HKD 133.69 from HKD 153.36 in 2023[6] - The company reported a significant operating loss of HKD (131,204,000) compared to a profit of HKD 65,546,000 in 2023[7] - Financial income increased to HKD 4,442,000 from HKD 1,909,000 in 2023, indicating improved financial performance[7] - The company reported a loss attributable to equity holders of HKD 146.7 million for the year ended December 31, 2024, compared to a profit of HKD 49 million in 2023[101] - The annual performance included dividend income of approximately HKD 64.1 million from Shanghai Commercial Bank, net gains of HKD 37.4 million from financial assets, and investment income of HKD 5 million[101] - The net loss from the fair value changes of investment properties was HKD 276.9 million, compared to a loss of HKD 75.6 million in 2023[101] Dividends and Shareholder Information - The company declared a final dividend of HKD 0.70 per share, unchanged from 2023, while the special dividend decreased by 33% to HKD 0.40 from HKD 0.60[6] - The company reported a total dividend of HKD 1.10 per share for the fiscal year ending December 31, 2024, which includes a final dividend of HKD 0.70 and a special dividend of HKD 0.40, compared to HKD 1.30 per share in the previous year[18] - The total dividend payout for the year is approximately HKD 37,400,000, down from HKD 44,200,000 in the previous year, indicating a decrease of about 15.5%[18] - The company will hold its annual general meeting on May 21, 2025, to approve the proposed dividends[19] - The company has suspended the registration of shareholders from May 15 to May 21, 2025, to determine eligibility for voting at the annual general meeting[19] Assets and Liabilities - Total assets decreased to HKD 4,541,247,000 from HKD 5,210,647,000, reflecting a decline in total equity[7] - Investment properties valued at HKD 2,147,000,000, down from HKD 2,421,000,000 in 2023[7] - Cash and cash equivalents increased from HKD 125,278 thousand in 2023 to HKD 205,359 thousand in 2024, an increase of approximately 64%[196] - Total liabilities remained relatively stable, decreasing slightly from HKD 90,788 thousand in 2023 to HKD 90,523 thousand in 2024[197] Governance and Board Structure - The company’s board of directors includes experienced professionals with extensive backgrounds in finance and law, enhancing governance and strategic decision-making[25] - The board consists of six members, including two executive directors, three independent non-executive directors, and one non-executive director[51] - The board emphasizes the importance of ESG governance for the long-term sustainability of the group, ensuring effective execution and oversight of ESG considerations in major business decisions[116] - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations[47] - The company has established effective mechanisms to ensure the board's independence and regularly reviews its governance framework[52] Environmental, Social, and Governance (ESG) Initiatives - The company has implemented an ISO 14001 certified ESG integrated management system policy to promote energy saving and emission reduction in its investment properties[128] - The group has identified key ESG issues impacting its sustainability, including emissions management, resource usage, and climate change risks[121] - The company is committed to assessing climate-related risks and opportunities based on the recommendations of the International Financial Reporting Standards S2[130] - The company has established specific directional environmental goals to align with the Hong Kong government's carbon neutrality target by 2050[129] - The company has implemented measures to monitor and respond to climate change risks, thereby reducing negative impacts and promoting sustainable business operations[143] Employee and Community Engagement - The company donated HKD 4,000,000 to support vulnerable groups in 2024, maintaining the same contribution level as in 2023, and up from HKD 3,000,000 in 2022[161] - The total number of employees increased to 13 in 2024 from 12 in 2022, with a breakdown of 12 full-time and 1 part-time employee[158] - Employee turnover rate improved to 0% in 2024, down from 33% in 2022[159] - The average training hours per full-time employee was 4.02 hours in 2024, slightly down from 4.20 hours in 2023[161] - The company has implemented measures to manage occupational health and safety, ensuring a safe working environment[168]
NANYANG HOLD(00212) - 2024 - 年度财报