Financial Performance - For the six months ended June 30, 2022, the group recorded consolidated revenue of HKD 271 million, compared to HKD 212 million for the same period in 2021[11]. - The consolidated operating loss for the group was HKD 108 million, an improvement from an operating loss of HKD 209 million in the first half of 2021[11]. - The net loss attributable to shareholders for the six months ended June 30, 2022, was HKD 336 million, compared to a net loss of HKD 417 million for the same period in 2021[11]. - The basic loss per share for the six months ended June 30, 2022, was HKD 0.1649, compared to HKD 0.2255 for the same period in 2021[11]. - The consolidated gross profit for the same period was HKD 133 million, a decrease of 8% from HKD 145 million in 2021, resulting in a gross margin of 49% compared to 68% in 2021[22]. - Financing costs increased to HKD 216 million for the six months ended June 30, 2022, compared to HKD 192 million in the same period of 2021[27]. - The group reported a consolidated net loss of HKD 336 million for the six months ended June 30, 2022, an improvement from a net loss of HKD 417 million in 2021[27]. - Basic loss per share was HKD 16.49 for the six months ended June 30, 2022, compared to HKD 22.55 in the same period of 2021[27]. - Total comprehensive loss for the period was HKD 864 million, compared to HKD 712 million in the same period last year[55]. - The comprehensive loss for the period was HKD 864 million, compared to a loss of HKD 712 million for the same period in 2021[60]. Revenue Sources - The occupancy rate of the Pacific Century Place, Jakarta, was approximately 80% as of June 30, 2022, with total rental income of HKD 122 million, slightly down from HKD 124 million in the same period of 2021[15]. - The group recorded no revenue from property development in Japan for the six months ended June 30, 2022, compared to HKD 21 million for the same period in 2021[16]. - Revenue from property development in Thailand for the six months ended June 30, 2022, was HKD 24 million[17]. - Revenue from the golf business in Thailand for the six months ended June 30, 2022, was HKD 3 million[18]. - Revenue from the hotel business in Japan for the six months ended June 30, 2022, was HKD 60 million, an increase from HKD 21 million in the same period in 2021[20]. - Revenue from property management services in Hong Kong was HKD 15 million for the six months ended June 30, 2022, unchanged from the same period in 2021[22]. - Revenue from other businesses, including property management services in Japan, was HKD 14 million for the six months ended June 30, 2022, compared to HKD 12 million in 2021[23]. - The group recognized land sale income of HKD 113 million from a property in Japan, contributing to the overall revenue[81]. - Revenue for the six months ended June 30, 2022, was HKD 271 million, an increase of 27.8% compared to HKD 212 million in the same period of 2021[75]. - Revenue from the Japanese hotel business reached HKD 60 million, up from HKD 21 million in 2021, representing a 185.7% increase[75]. Assets and Liabilities - The group’s total borrowings amounted to HKD 89.26 billion as of June 30, 2022, down from HKD 113.07 billion as of December 31, 2021[27]. - As of June 30, 2022, the group's total assets amounted to HKD 79.54 billion, a decrease from HKD 82.45 billion as of December 31, 2021[33]. - The company has a loan balance of HKD 11.70 billion as of June 30, 2022, unchanged from December 31, 2021, after deducting deferred loan arrangement fees of HKD 8 million[33]. - Current liabilities decreased to HKD 14.00 billion as of June 30, 2022, from HKD 33.63 billion as of December 31, 2021[27]. - The company’s total non-current liabilities were HKD 8,499 million, a decrease from HKD 9,139 million at the end of 2021[66]. - The group’s liabilities totaled HKD 9,899 million as of June 30, 2022, compared to HKD 12,502 million at the end of 2021, a reduction of 20.9%[77]. - The company reported a decrease in cash and cash equivalents to HKD 911 million as of June 30, 2022, down from HKD 1,516 million at the beginning of the year[68]. - The company’s retained earnings showed a cumulative loss of HKD 312 million as of June 30, 2022, compared to a profit of HKD 432 million at the end of 2021[66]. Corporate Governance and Compliance - The company maintains high standards of corporate governance, ensuring compliance with applicable laws and regulations[165]. - The audit committee reviewed the unaudited condensed consolidated interim financial information for the six months ending June 30, 2022[164]. - The company has adopted its own securities trading code applicable to all directors and employees, ensuring adherence to ethical standards[167]. - The company has not violated any financial covenants related to its borrowings as of June 30, 2022[113]. Strategic Initiatives and Outlook - The company remains optimistic about the real estate markets in Hong Kong, Japan, Indonesia, and Thailand despite global economic uncertainties[36]. - The company is actively developing a strategic blueprint for future growth and sustainable development, integrating sustainability elements into projects[36]. - The company is focused on prudent investment and resource optimization to drive sustainable growth[36]. - The company is adapting to the new normal by leveraging opportunities arising from the gradual easing of travel restrictions in various countries[36]. - The company is committed to strict cost control to enhance the performance of its property portfolio[36]. - The company is exploring strategic acquisitions to enhance its portfolio, with a focus on companies that align with its growth strategy[173]. - Sustainability initiatives are being prioritized, with plans to reduce carbon emissions by I% over the next five years[173].
盈大地产(00432) - 2022 - 中期财报