Construction and Development Projects - The group is developing a vertical residential building with a total floor area of approximately 44,537 square feet, expected to be completed by the end of 2023[1]. - The building will feature a luxurious living and dining area with a height of 6 meters, an entertainment floor, and six residential suite floors, each with a minimum height of 3.5 meters[1]. - The project includes a garden area of about 5,200 square feet and a rooftop area of approximately 2,200 square feet[1]. - The concrete structure work for the upper building is progressing on schedule, with the base completed and construction reaching the 7th floor[1]. - The company plans to evaluate the best timing for the redevelopment of its commercial/industrial property in Hong Kong, which has a total floor area of approximately 47,258 square feet[115]. - The company is constructing a 26-story mixed-use building on a site of approximately 3,600 square feet, with an expected completion date in the second quarter of 2024[147]. - The group has successfully merged a project covering approximately 3,600 square feet, with a total floor area of about 34,741 square feet for a 26-story residential and commercial building, expected to be completed in Q2 2024[165]. - ONE SOHO project will provide a total residential floor area of approximately 112,200 square feet and commercial floor area of about 22,400 square feet, including 322 residential units[172]. Financial Performance - The company reported a total cash donation and sponsorship amounting to HKD 2,718,000, a decrease from HKD 8,160,000 in the previous year[45]. - The company reported a revenue of $21 billion for the fiscal year 2023, representing a year-over-year growth of 15%[200]. - The company's revenue for the year ended March 31, 2023, decreased to HKD 251.7 million, down from HKD 666.4 million in 2022, primarily due to the sale of properties in Tuen Mun and the absence of revenue from previously sold projects in Vietnam[133]. - Rental income and other income from investment properties amounted to HKD 141.2 million, compared to HKD 159.2 million in 2022[133]. - The company recorded a gross loss of HKD 15.2 million, a significant decline from a gross profit of HKD 441.9 million in 2022, attributed to impairment provisions for properties[134]. - The fair value loss on investment properties was HKD 532.7 million, compared to a gain of HKD 36.1 million in 2022, reflecting a decrease in property market values[134]. - The company reported a loss attributable to equity holders of HKD 966.3 million for the year, compared to a loss of HKD 523.1 million in 2022, with a loss per share of HKD 0.5777[136]. - The group reported a loss attributable to equity holders of HKD 328,700,000 for the year ending March 31, 2023, compared to a profit of HKD 227,800,000 in 2022[177]. - Revenue for the group was HKD 63,000,000, down from HKD 204,500,000 in 2022, including property sales revenue of HKD 1,400,000[177]. - The group has contracted property sales of approximately EUR 5,700,000 (equivalent to about HKD 48,800,000), expected to be recognized as revenue in Q3 2023[177]. Environmental Impact and Sustainability - The total indirect greenhouse gas emissions (Scope 2) were recorded at 2,783 metric tons of CO2 equivalent, slightly down from 2,795 metric tons[43]. - The total water consumption increased to 54,261 cubic meters from 45,803 cubic meters, indicating a rise in resource usage[43]. - The total paper consumption decreased to 3,893 kilograms from 4,650 kilograms, reflecting an improvement in resource efficiency[43]. - The company plans to upgrade heating, ventilation, and air conditioning systems to more energy-efficient models, aiming to reduce energy consumption and greenhouse gas emissions[48]. - The group is committed to increasing the number of properties with green building certification in its Hong Kong developments[48]. - The company aims to manage its environmental impact through various strategies, although no significant impact on natural ecosystems was reported[102]. - Total greenhouse gas emissions (Scope 1 and 2) decreased from 3,253 to 3,018 metric tons of CO2 equivalent[94]. - Total energy consumption increased from 6,294,043 to 6,456,438 kilowatt-hours[94]. - The company encourages employees to participate in environmental initiatives, including energy-saving technologies and reducing unnecessary energy use after hours[48]. Employee and Organizational Development - The company emphasizes employee development through comprehensive training programs aimed at enhancing professional skills and knowledge[57]. - The group has implemented a quality assurance process across its operations to ensure the health and safety of employees, contractors, and customers while delivering high-quality products and services[37]. - Employee headcount decreased from 264 to 239, with a notable reduction in senior management from 21 to 19[96]. - Employee turnover rate for males increased from 26% to 30%, while for females it rose from 18% to 26%[96]. - The company reported a total of 239 employees, all of whom are full-time[96]. - The group maintains a whistleblowing system to report any misconduct or irregularities, ensuring fair investigation through its audit committee[64]. Strategic Initiatives and Market Position - The company has operations in Hong Kong, China, and Malaysia, with a focus on environmental activities in these regions[95]. - The report indicates that the company has ceased operations in Beijing, removing it from the reporting scope[95]. - The company is considering various strategies, including potential sales, to maximize returns from its residential property in Deep Water Bay, Hong Kong[118]. - The company has initiated promotional efforts for its investment property project in Mongolia, which is expected to become one of the tallest office buildings in the country upon completion[121]. - The company completed a strategic acquisition of a tech startup for $300 million, expected to enhance its product offerings and market position[200]. - The company plans to implement a new marketing strategy, allocating an additional $100 million to digital advertising[200]. - Overall, the company remains optimistic about future growth, citing strong demand and a robust pipeline of new products[200].
庄士机构国际(00367) - 2023 - 年度财报