Financial Performance - For the six months ended January 31, 2022, the company reported a revenue of HKD 2,770,827 thousand, a decrease from HKD 2,794,119 thousand in the same period last year, representing a decline of approximately 0.8%[6]. - The gross profit for the same period was HKD 1,009,048 thousand, compared to HKD 657,551 thousand in the previous year, indicating an increase of approximately 53.5%[6]. - The operating loss for the six months was HKD 176,397 thousand, significantly improved from a loss of HKD 724,287 thousand in the prior year, reflecting a reduction of approximately 75.6%[6]. - The net loss attributable to the company's owners was HKD 715,171 thousand, compared to a loss of HKD 1,643,712 thousand in the same period last year, showing an improvement of approximately 56.4%[10]. - The basic and diluted loss per share for the current period was HKD 0.551, compared to HKD 1.658 in the previous year, indicating a decrease of approximately 66.8%[7]. - The total comprehensive loss for the period was HKD 419,010 thousand, compared to a comprehensive income of HKD 346,157 thousand in the previous year[10]. Income and Expenses - The company recorded other income and gains of HKD 155,649 thousand, down from HKD 434,257 thousand in the previous year, representing a decline of approximately 64.1%[6]. - Financing costs increased to HKD 495,667 thousand from HKD 381,418 thousand, marking an increase of approximately 30.0%[6]. - The fair value gain on investment properties was HKD 12,692 thousand, a significant recovery from a loss of HKD 475,890 thousand in the previous year[6]. - The company incurred a net cash outflow from financing activities of HKD 1,485,078, compared to an inflow of HKD 1,272,381 in the previous year[27]. - The company reported a net loss from the fair value of financial assets of HKD 5,315,000 for the six months ended January 31, 2022[40]. Assets and Liabilities - Non-current assets total value increased to HKD 64,852,355 thousand from HKD 64,523,674 thousand, representing a growth of 0.51%[13]. - Current assets decreased to HKD 22,744,508 thousand from HKD 24,985,737 thousand, a decline of 8.96%[13]. - Current liabilities increased to HKD 12,899,614 thousand from HKD 11,664,934 thousand, an increase of 10.58%[16]. - Total equity attributable to owners increased to HKD 46,154,936 thousand from HKD 45,811,539 thousand, a rise of 0.75%[16]. - Cash and cash equivalents decreased significantly to HKD 6,576,092 thousand from HKD 8,738,747 thousand, a drop of 24.8%[13]. - The total assets value as of January 31, 2022, was HKD 41,212,264,000, with total liabilities amounting to HKD 75,655,000[40]. Market Strategy and Outlook - The company aims to enhance its market presence and explore new strategies for growth in the upcoming periods[4]. - The company plans to expand its market presence and invest in new product development[19]. - Future outlook includes strategic acquisitions to enhance growth potential[20]. - The group plans to continue its market expansion and product development strategies to enhance revenue streams in the upcoming periods[34]. - The company aims to maintain a prudent and flexible approach to seize development opportunities as the economy recovers[110]. Revenue Breakdown - The revenue from the hotel business increased to HKD 335,552 for the six months ended January 31, 2022, compared to HKD 289,317 in the same period of 2021, marking an increase of approximately 16.0%[33]. - The revenue from the restaurant and food sales business rose to HKD 248,945 for the six months ended January 31, 2022, compared to HKD 172,069 in the same period of 2021, representing an increase of about 44.5%[33]. - The media and entertainment segment reported revenue of HKD 147,244 for the six months ended January 31, 2022, down from HKD 163,534 in the same period of 2021, indicating a decrease of approximately 9.9%[33]. - Revenue from property sales was HKD 858,861,000, down from HKD 940,761,000, indicating a decrease of about 8.69% year-over-year[38]. - The total revenue from customer contracts was HKD 2,181,367,000, an increase from HKD 1,909,226,000, representing a growth of approximately 14.23%[38]. Stock Options and Management - The company granted 5,499,200 stock options during the period, increasing the total unexercised stock options to 20,741,503 as of January 31, 2022[60]. - The total remuneration for key management personnel amounted to HKD 47,437,000 for the six months ended January 31, 2022, compared to HKD 37,703,000 for the previous year[76]. - The fair value of the stock options granted during the period was approximately HKD 9,304,000, equating to HKD 1.692 per share[61]. Property and Development - The company successfully acquired three residential projects during the review period, including a site in Ho Man Tin with a planned gross floor area of approximately 46,100 square feet[106]. - The construction of the Heng On Street and Tai Keng Ling projects is on schedule, expected to be completed in Q4 2023 and Q1 2024, adding approximately 64,000 square feet and 42,200 square feet to the property portfolio respectively[107]. - The leasing portfolio of the company in first-tier cities and the Greater Bay Area is approximately 4,500,000 square feet, with stable rental income performance during the review period[112]. - The first phase of the "Innovation Square" has achieved a leasing rate of about 73%, with key tenants including major brands and entertainment centers[114]. - The company plans to consider expanding its land reserves based on macroeconomic conditions and existing business risks in relevant cities[116].
丽新国际(00191) - 2022 - 中期财报