Financial Performance - The company reported a net loss attributable to shareholders of approximately HKD 215.7 million for the fiscal year ending September 30, 2025, compared to a loss of HKD 597.1 million in 2024[8]. - Excluding significant fair value revaluations and other non-cash adjustments, the company's attributable profit for the fiscal year was approximately HKD 58 million, a slight increase from HKD 57.4 million in 2024[8]. - The company recorded an investment property revaluation loss of approximately HKD 263.6 million, down from HKD 626.5 million in 2024[10]. - The overall rental income decreased by 2.6% compared to the previous year, highlighting the challenges faced in the leasing market[11]. - Total financial costs for the year decreased to approximately HKD 17.2 million from HKD 22.4 million in the previous year[21]. - Shareholders' equity per share decreased to HKD 47.6 in 2025 from HKD 49.8 in 2024[31]. - Earnings per share for 2025 were reported at $0.54, with dividends per share remaining at $0.38[32]. Rental Income and Property Management - Rental income from residential properties increased by 1.7%, while rental income from commercial and industrial properties decreased by 11.4%, reflecting ongoing pressure in the property leasing market in Hong Kong and mainland China[11]. - Rental income from the residential units in Beijing's Chaoyang District decreased by 13.7% compared to the previous year[20]. - The company reported stable occupancy rates and rental income across office, retail, and residential properties, indicating signs of recovery[25]. - The company reported that approximately 95% of total revenue during the reporting period from October 1, 2024, to September 30, 2025, came from property investment and management, as well as commodity trading[47]. - The company is actively involved in the leasing and management of commercial, industrial, and residential properties[53]. Investment Strategy - The company continues to focus on maintaining a balanced and flexible investment strategy to create long-term value for stakeholders[13]. - The company invested HKD 34.9 million in the TKO Fund, with an investment valuation of HKD 34.8 million, indicating stable prospects and mid-term capital appreciation potential[15]. - The Adams Street Private Income Fund LP investment amounted to USD 7.5 million, with an investment valuation of USD 5.3 million, providing stable income and downside protection[15]. - The group committed to invest $5 million in the ALPS Private Credit Feeder Fund, with an investment valuation of $4.5 million as of September 30, 2025[16]. - The group invested $2 million in the Hundreds SH Fund LP, with a current investment valuation of $1 million as of September 30, 2025[17]. Sustainability and ESG Initiatives - The company has a strong focus on sustainable development, as evidenced by its environmental, social, and governance (ESG) report[46]. - The company emphasizes the importance of stakeholder engagement and materiality assessment in identifying significant sustainability issues[49]. - The company aims to provide quantifiable disclosures of key performance indicators (KPIs) related to environmental and social impacts[49]. - The company has established a governance framework to ensure balanced and consistent reporting of its sustainability performance[51]. - The company encourages feedback from stakeholders regarding its sustainability performance and disclosure details[52]. - The company has identified 23 environmental, social, and governance (ESG) related issues relevant to its operations and development during the reporting period[68]. - A total of 12 significant ESG issues were prioritized based on stakeholder feedback and assessed for their importance to the company's sustainability and development[69]. - The company is committed to sustainable development through four pillars: smart technology, healthy development, green solutions, and community orientation[59]. - The company has been recognized by several institutions for its efforts and achievements in sustainable development[55]. - The company is actively participating in ESG initiatives to enhance sustainability in both the business and public sectors[58]. Employee and Workplace Policies - The company has a dedicated management team with extensive experience in property management and investment[44]. - The company has implemented various employee benefits, including flexible work locations and hours, family insurance plans, and retirement plans[96]. - The company has a zero-tolerance policy towards child labor and forced labor, ensuring compliance with labor laws during the recruitment process[111]. - The company emphasizes diversity, inclusion, and equal opportunities in the workplace, prohibiting any form of harassment or discrimination[105]. - The company organized various employee activities, such as company lunches and mental health courses, to enhance employee well-being[100]. - The company provided a total of 88.5 hours of training for employees during the reporting period, covering areas such as occupational health and safety and professional knowledge[109]. - The company received the "Good Employer" award from the Mandatory Provident Fund Schemes Authority, recognizing its efforts in supporting employee retirement benefits[101]. - There were zero reported days lost due to work-related injuries during the reporting period, indicating a strong commitment to employee health and safety[108]. - The company has established comprehensive occupational health and safety training programs to prevent industrial accidents and ensure employee safety[108]. Corporate Governance - The company has adopted all corporate governance codes as per the Hong Kong Stock Exchange's listing rules, ensuring compliance with all relevant regulations[156]. - The board consists of seven members, including four executive directors and three independent non-executive directors, exceeding the requirement of one-third independent directors[160]. - The company emphasizes the importance of good corporate governance practices to enhance shareholder value and investor confidence[156]. - The board is responsible for overseeing the company's business, strategic decisions, and performance, with a focus on risk management and internal controls[157]. - The company has established a whistleblowing mechanism and provides anti-corruption training to its directors and employees[153]. - The company has implemented policies to prevent bribery, extortion, fraud, and money laundering, ensuring compliance with significant laws and regulations[153]. - The company regularly reviews its organizational structure to align with good corporate governance practices[156]. - The company has a written delegation of authority that is regularly reviewed by the board, ensuring accountability in major transactions[157]. - The company ensures that all directors have timely access to relevant information and can seek independent professional advice at the company's expense[159]. Environmental Impact and Energy Management - The company achieved a total renewable energy consumption of 10,762 kWh from solar energy and purchased 10,822 kWh of renewable energy certificates[58]. - The company has installed solar photovoltaic panels at its property on Harlan Road, generating approximately 10,822 kWh of renewable energy during the reporting period, an increase from 9,822 kWh in the previous year[126]. - The company is committed to reducing greenhouse gas emissions through energy efficiency measures and automation technology, with progress on waste reduction and water efficiency initiatives[121]. - The company has implemented various measures to promote sustainable development and transition to green buildings, including the use of renewable energy and energy-efficient technologies[125]. - The company has not reported any serious violations of environmental laws and regulations related to emissions, wastewater discharge, or waste generation during the reporting period[120]. - The company has installed real-time sensors to monitor and adjust indoor air quality, contributing to energy efficiency[128]. - The company has committed to reducing greenhouse gas emissions and energy consumption through various measures, including waste management and the use of energy-efficient appliances[129]. - The company maintained an indoor temperature of 25.5 degrees Celsius to optimize energy efficiency[130].
博富临置业(00225) - 2025 - 年度财报