Financial Performance - The group's revenue for 2022 was HKD 15,597,640,466, a significant increase from HKD 5,934,504,668 in 2020, representing a growth of approximately 163%[7] - The underlying operating profit for 2022 was HKD 3,599,804,393, compared to HKD 2,471,844,783 in 2020, indicating a growth of about 45%[7] - The attributable profit to shareholders for 2022 was HKD 3,159,245,014, a decrease from HKD 5,304,883,959 in 2021, reflecting a decline of approximately 40%[7] - Basic earnings per share for 2022 were HKD 182.67, down from HKD 296.55 in 2021, representing a decrease of about 38%[7] - The total equity attributable to shareholders increased to HKD 88,258,646,727 in 2022 from HKD 85,066,433,045 in 2021, showing a growth of approximately 3%[11] - Non-current assets rose to HKD 108,335,065,373 in 2022, up from HKD 107,683,895,041 in 2021, indicating a slight increase of about 0.6%[11] - Current assets decreased to HKD 72,381,881,098 in 2022 from HKD 74,979,764,015 in 2021, representing a decline of approximately 3%[11] - The total liabilities decreased from HKD 79,560,091,699 in 2021 to HKD 77,281,992,711 in 2022, indicating a reduction of about 2.9%[11] Dividends - The group declared a final dividend of HKD 0.42 per share for 2022, compared to HKD 0.41 per share in 2021, reflecting a 2.4% increase[7] - The board proposed a final dividend of HKD 0.42 per share, which, combined with an interim dividend of HKD 0.15, totals HKD 0.57 per share for the fiscal year[17] Property Sales and Revenue Sources - Property sales accounted for 60.1% of the group's revenue, while property leasing contributed 35.3%, and other services made up 2.5%[15] - Total property sales revenue for the fiscal year was HKD 10.8418 billion, a decrease from HKD 18.5964 billion in the previous fiscal year, representing a decline of approximately 41.5%[19] - The revenue from property management and other services was 2.4% of total revenue, indicating a stable but minor contribution to the overall financial performance[14] Market Outlook and Strategy - The company plans to continue focusing on property sales and leasing as primary revenue drivers while exploring new market opportunities[14] - The company is optimistic about the demand for luxury hotels in core markets despite ongoing pandemic challenges[32] - The company maintains a cautiously optimistic outlook for the Hong Kong property market, reflecting recent successful residential property sales[42] Sustainable Development Initiatives - The company emphasizes sustainable development through its vision of "Building a Better Life," integrating green living, innovative thinking, and community care into its business[37] - The company has set a mid-term carbon reduction target based on scientific principles, aiming for net zero emissions by 2050[38] - The company has expanded its sustainable development goals from 15 to 38 under the "Sustainable Development Vision 2030" initiative[38] - The company has established 17 urban farms in Hong Kong and Singapore, covering over 54,000 square feet, producing 1,000 kilograms of crops annually[38] Community Support and Engagement - The company donated HKD 1 million to support elderly care facilities during the COVID-19 pandemic[39] - The company has distributed 280,000 rapid test kits to support the community during the pandemic[39] - The "信和友心人" program organized over 320 volunteer activities with more than 900 volunteers contributing over 186,530 hours of service[92] Corporate Governance - The company emphasizes its commitment to corporate governance, adhering to high standards and transparency as per the Hong Kong Stock Exchange regulations[95] - The board consists of six members, including two executive directors and three independent non-executive directors, ensuring diverse oversight[97] - The company has established four committees under the board: the Remuneration Committee, Nomination Committee, Audit Committee, and Compliance Committee, each with specific responsibilities[102] Risk Management - The company employs a comprehensive risk management system to identify, assess, and report risks that may impact its strategic objectives[145] - The audit committee oversees the risk management and internal control systems, ensuring they are adequate and effective[115] - The company has established a business ethics committee to handle reports of violations confidentially[115] Technology and Innovation - The company is actively seeking new technologies to enhance productivity, improve customer experience, and explore new opportunities, focusing on customer-centric innovation[42] - The "Sino Creative R&D Lab" hosted over 80 events for more than 2,000 stakeholders this fiscal year, promoting real estate technology solutions[79] Financial Summary and Key Performance Indicators - The group's financial summary and key performance indicators are detailed in the annual report, highlighting the overall performance for the year[169] - The company reported a 99.99% approval rate for the audited financial statements for the year ending June 30, 2021[133]
TST PROPERTIES(00247) - 2022 - 年度财报