天安(00028) - 2021 - 年度财报

Financial Performance - The Group's revenue for the year ended December 31, 2021, was HK$2,574.7 million, an increase of 9% from HK$2,359.4 million in 2020[7]. - Profit attributable to owners of the Company amounted to HK$1,430.3 million, representing a significant increase of 131% from HK$618.0 million in 2020[7]. - Gross profit increased by HK$455.9 million, primarily due to revenue recognition from a residential project in Southern China[7]. - Earnings per share rose to HK$0.96, up from HK$0.41 in 2020[7]. - The net asset value per share attributable to owners of the Company was HK$18.82 at the end of 2021, compared to HK$17.10 in 2020[7]. - Revenue from property development increased from HK$1,740.2 million in 2020 to HK$1,884.8 million in 2021[38]. - Rental income rose from HK$477.4 million to HK$518.7 million, representing an increase of approximately 8.7%[42]. - Share of profit from associates was HK$2,029, compared to a loss of HK$68,545 in 2020[43]. - Share of profit from joint ventures increased from HK$365,076 to HK$444,411[43]. Dividends - An interim dividend of HK$0.20 per share was declared for the year ended December 31, 2021, consistent with the previous year's interim dividend[7]. - A special dividend of HK$0.95 per share amounting to HK$1,178.6 million was returned to shareholders following the reorganization[17]. - The Group declared an interim dividend of HK$0.20 per share for the year ended December 31, 2021, consistent with the previous year's interim dividend[175]. Sales and Construction - Total attributable registered sales for 2021 amounted to 387,300 m², a decrease of 5% from 2020[15]. - Total attributable gross floor area completed in 2021 was approximately 448,200 m², representing a 113% increase from the previous year[15]. - Total attributable gross floor area under construction at year-end 2021 was approximately 2,021,900 m², a 23% increase over 2020[15]. - The entire Phase 2 of the Tian An Cloud Park project, comprising approximately 599,400 m², is now completed and ready for sale or lease[15]. Landbank and Property Development - The Group has a total landbank of approximately 11,470,000 m², with 6,280,500 m² attributable to the Group, including 1,116,000 m² of completed investment properties and 5,164,500 m² under development[48]. - The land portfolio includes properties under development totaling 5,164,500 m², with significant portions located in Southern China (1,426,900 m²) and Eastern China (1,928,500 m²)[50]. - Completed investment properties total 1,116,000 m², with Southern China accounting for 414,900 m²[52]. - Major completed properties for sale include Huizhou Huiyang Tian An Sun Life City (approximately 63,300 m²) and Wuxi Tian An Manhattan (approximately 38,700 m²) as of December 31, 2021[48]. Financial Position and Borrowings - The Group's total bank balances and cash reserves were approximately HK$4,345.5 million as of December 31, 2021, down from HK$4,893.5 million in 2020[53]. - Total borrowings amounted to approximately HK$8,373.5 million as of December 31, 2021, an increase from HK$8,122.2 million in 2020[54]. - The gearing ratio of the Group was 14% as of December 31, 2021, compared to 12% in 2020[54]. - Approximately 56% of the Group's outstanding borrowings will mature within 2 years[55]. - The Group intends to obtain bank borrowings with reasonable pricing terms to maintain flexible cash flow for land acquisitions and project developments[55]. Corporate Governance - The company emphasizes high standards of corporate governance to enhance shareholder value[120]. - The board of directors consists of ten members, including four executive directors and four independent non-executive directors, ensuring a diverse governance structure[122]. - The Board's responsibilities include overall strategy, annual operating budget, and approval of Directors' appointments[129]. - The company adopted a board diversity policy in December 2013 to achieve balanced diversity at the Board[137]. - The roles of Chairman and Chief Executive are clearly separated, with Mr. Lee Seng Hui as Chairman and Mr. Patrick Lee Seng Wei as Chief Executive[138]. Risk Management - The Group's business and profitability growth were affected by the volatility and uncertainty of macroeconomic conditions in China, including policy changes and interest rate fluctuations[171]. - The Group's operational risk is mitigated through robust internal controls and clear lines of responsibility[171]. - The audit committee reviews risk-related policies and ensures effective risk management and internal control systems are in place[169]. - The Group has established systems and procedures to identify, evaluate, and manage risks associated with different business activities[161]. Strategic Initiatives - The Group plans to adjust the quality of its landbank through acquisitions and disposals to balance short-term returns and long-term capital appreciation[18]. - The Group aims to responsibly increase project leverage to enhance return on equity[18]. - The Group will focus on developing cyberparks and urban renewal projects, which are expected to be well-received by the government and local markets[18]. - The company is focused on maintaining strong governance practices, as evidenced by the detailed reporting of directors' interests and service contracts[197].