Financial Performance - The group recorded a total revenue of HKD 666,400,000 for the fiscal year, a decrease from HKD 2,089,500,000 in 2021, primarily due to reduced sales from the Tuen Mun project[24]. - The group has recorded a gross profit of HKD 441,900,000, with a gross profit margin of 66.3%, up from 46.7% in 2021[24]. - The company's loss attributable to equity holders was HKD 523,100,000, compared to a profit of HKD 37,500,000 in 2021, with a loss per share of HKD 0.3128[29]. - For the year ending March 31, 2022, the group reported a profit attributable to shareholders of HKD 227,800,000, a decrease from HKD 419,000,000 in 2021, with total revenue of HKD 204,500,000 compared to HKD 1,779,700,000 in 2021[94]. - Other income and net loss amounted to a loss of HKD 1,747,900,000, compared to a net income of HKD 324,300,000 in 2021, primarily due to unrealized fair value losses on bond investments[25]. Cash and Debt Management - The group’s cash reserves totaled HKD 5,170,000,000, with cash and bank balances increasing by 82% to HKD 4,180,000,000[18]. - The net debt to equity ratio improved to 2.2% from 12.9% in 2021, reflecting a stronger financial position[20]. - The cash and bank balances, along with bond and securities investments, amount to HKD 5,170,800,000 as of March 31, 2022, compared to HKD 5,633,400,000 in 2021[187]. - The outstanding customer loans as of March 31, 2022, amount to approximately HKD 174,800,000, an increase from HKD 169,600,000 in 2021[185]. - The total face value of overdue bonds as of March 31, 2022, is approximately HKD 322,500,000, with a total market value of about HKD 43,700,000[176]. Dividends and Shareholder Returns - The group has proposed a total dividend of HKD 0.28 per share for the year, an increase of approximately 8.3 times compared to HKD 0.03 per share in 2021[20]. - The board proposed a final dividend of HKD 0.02 per share for the year ending March 31, 2022, up from HKD 0.015 in 2021, with total dividends for the year amounting to HKD 0.28 per share, an increase of approximately 8.3 times[30]. Project Developments - The group plans to complete the construction of the ONE SOHO project in the first quarter of 2023, with total pre-sales amounting to approximately HKD 1,360,000,000[12]. - The group is optimistic about the prospects of the Central project, which has received approval for a 26-story mixed-use building[14]. - The company is developing a project in Central Hong Kong with a total floor area of approximately 34,871 square feet, with foundation works underway and expected completion in Q2 2023[76]. - The company is developing a residential project in Taipei, generating rental income of approximately HKD 2.1 million from serviced apartments[70]. - The project in Guangzhou has completed the first two phases, with a total floor area of approximately 260,800 square meters, providing 2,077 residential units and 1,497 parking spaces[136]. Sales and Marketing - Sales and marketing expenses decreased to HKD 32,200,000 from HKD 110,900,000 in 2021, primarily due to reduced sales commission amortization[28]. - The group has initiated marketing strategies for the new residential project, which is expected to be completed by the end of 2023[13]. - The total sales revenue from the 371 residential units in Tuen Mun was approximately 1.7185 billion HKD, with 365 units and 3 parking spaces delivered in the previous fiscal year[130]. Investment Properties - The group’s investment properties in Tuen Mun generated an annual rental income of approximately HKD 2,600,000, with the property valued at approximately HKD 175,900,000 as of March 31, 2022[97]. - The total rental income from a commercial property in Shenzhen was HKD 13,700,000 for the year ending March 31, 2022, with a new lease agreement generating initial monthly rent of RMB 680,000[48]. - The company is actively promoting leasing for its properties, including 18 residential units in a mixed-use building, generating rental income of approximately HKD 2.8 million[63]. Employee and Operational Management - The group has 168 employees as of March 31, 2022, excluding the China division, which has 112 employees[192]. - The group emphasizes training and development for employees, providing various benefits including discretionary bonuses, double pay, and medical insurance[192]. - The company plans to enhance its financial resources by divesting non-core assets and increasing land reserves in Hong Kong, particularly in the luxury and affordable housing markets[191]. Market Conditions and Future Outlook - The company anticipates a gradual recovery in the Hong Kong property market and economy as social distancing measures are lifted and quarantine-free travel resumes[191]. - The company is closely monitoring foreign exchange risks due to its operations outside Hong Kong, although significant impacts on operations are not expected[190]. - The company plans to explore more leasing options to enhance occupancy rates in its shopping mall properties, particularly in response to the impacts of COVID-19[37].
庄士机构国际(00367) - 2022 - 年度财报