Financial Performance - For the fiscal year ending March 31, 2022, the group's consolidated revenue was HKD 1,113 million, a decrease from HKD 1,278 million in the previous year[22]. - Shareholders' profit for the same period was HKD 56 million, down from HKD 78 million in the prior year[22]. - Excluding fair value losses on investment properties, the adjusted profit attributable to shareholders was HKD 110 million, compared to HKD 91 million in the previous year[22]. - The decrease in revenue was primarily due to a reduction in property sales recognized during the year[22]. - The increase in related profit was attributed to gains from the sale of part of the group's interest in a redevelopment project in Dongguan, amounting to HKD 33 million[22]. - Han Guo Group recorded revenue of HKD 1,106 million for the fiscal year 2021/22, a decrease of 13.3% from HKD 1,276 million in the previous year[28]. - The net profit attributable to shareholders decreased to HKD 92 million, down 24.6% from HKD 122 million in the previous year[28]. - The revenue from the sale of delivered residential units amounted to RMB 341 million for the year ended March 31, 2022, compared to RMB 351 million in the previous year[41]. - The company's revenue decreased by 13% from HKD 1,278,000,000 to HKD 1,113,000,000 in the fiscal year ending March 31, 2022[148]. Equity and Assets - The group's total equity as of March 31, 2022, was HKD 8,448 million, an increase from HKD 8,234 million the previous year[22]. - The net asset value per share increased to HKD 15.32 from HKD 14.93 year-on-year[22]. - The investment property portfolio was valued at HKD 15.923 billion as of March 31, 2022, an increase from HKD 15.207 billion the previous year[55]. - The total equity attributable to shareholders increased to approximately HKD 8,448 million from HKD 8,234 million in the previous year[152]. Dividends - The board proposed a final dividend of HKD 0.05 per share, consistent with the previous year's dividend[23]. - The proposed final dividend for the year ending March 31, 2022, is subject to approval at the annual general meeting, with a total distributable reserve of HKD 713,419,000, of which HKD 27,568,000 is recommended for the final dividend[174]. Property and Leasing - Revenue from property leasing increased to HKD 434 million, up 49.3% from HKD 290 million in the previous year, due to improved occupancy rates[28]. - The average occupancy rate of the Hong Kong data center reached approximately 98%, significantly up from 74% in the previous year[30]. - The occupancy rate of the Han Guo City Commercial Center in Shenzhen reached 64%, up from 39% in the previous year, with office units rented out at 58%[38]. - The average occupancy rate for the office building in Chongqing Han Guo Center was 88% for the year, consistent with the previous year[45]. - The average occupancy rate for the hotel/office building in Chongqing was 62%, down from 64% in the previous year[45]. - The average occupancy rate for the Bao Hsien Hotel in Central was approximately 82% for the year, up from 71% the previous year[50]. - The overall average occupancy rate across properties was 75% for the year, compared to 74% in the previous year[45]. Debt and Financial Position - As of March 31, 2022, the total interest-bearing debt of the group was approximately HKD 6,677 million, an increase from HKD 6,477 million in the previous year[149]. - Approximately 57% of the total debt is classified as current liabilities, compared to 25% in the previous year[149]. - The debt-to-equity ratio calculated from net interest-bearing debt of approximately HKD 4,677 million and total equity of approximately HKD 12,610 million was 37%, up from 36% in the previous year[153]. - The group has approximately HKD 3,069 million in loans due within one year, which includes project loans secured by properties in China and Hong Kong[152]. Corporate Governance - The company has adopted the corporate governance code and has been compliant with its applicable provisions, with some deviations disclosed in the report[93]. - The board of directors held two meetings during the fiscal year, which is below the recommended minimum of four meetings per year[99]. - The company encourages continuous professional development for all directors, with training records maintained for each director[105]. - The chairman and the managing director are separate individuals, ensuring clear delineation of responsibilities[101]. - The independent non-executive directors have confirmed their independence as per the listing rules[98]. - The company has a structured approach to board meetings, with formal agendas and adequate notice provided to all directors[98]. - The company has a commitment to high standards of corporate governance and regularly reviews its practices[93]. Market Outlook and Strategy - The company continues to focus on its redevelopment projects and investment properties in mainland China[22]. - The company aims to generate stable and recurring rental income from investment properties to cover operational expenses and additional cash flow from property sales[144]. - The company is committed to environmental sustainability and has implemented measures to reduce energy consumption and promote recycling[144]. - The company is expanding its market presence in D regions, aiming to capture a larger share of the market[75]. - Recent acquisitions are expected to enhance the company's capabilities and drive future growth, with an estimated contribution of E million in revenue[75]. Employment and Workforce - The group employed approximately 370 employees as of March 31, 2022, down from 380 employees in the previous year[159].
建业实业(00216) - 2022 - 年度财报