香港兴业国际(00480) - 2022 - 年度财报

Acquisitions and Developments - Acquired a residential redevelopment project on Hollywood Road and Upper Lascar Row[8] - Completed renovation of the commercial project West Gate Tower in Cheung Sha Wan[8] - Entered into an agreement to acquire office units and the right of use of parking lots at Jinsha INCITY in Hangzhou[9] - Won the bid for a residential site in Songjiang District, Shanghai[9] - Secured planning permit to change the land use of United Daily News Centre in To Kwa Wan from industrial to residential[9] - Pre-sale consent of VILLA LUCCA, the latest residential project in Tai Po, was issued[10] - The Group acquired a diversified land bank totaling 1,044,000 square feet gross floor area (GFA) during the Current Year, maintaining a robust project development pipeline[29][32] - The Group's total land bank attributable to the Group amounted to 9,450,000 square feet as of March 31, 2022, with an acquisition of 1,044,000 square feet of developable gross floor area during the Current Year[56] - The residential project in Discovery Bay will increase the gross floor area by over 1.3 million square feet, providing an additional 1,400 units[62] - A residential plot in Shanghai's Songjiang District was acquired in November 2021, with construction expected to commence in early 2023[78] - The Group is developing 295 high-quality low-density residential units in Hangzhou, expected to complete and commence pre-sales in Q3 2023 and 2022 respectively[79] Financial Performance - The Group's revenue for the financial year 2021/2022 was HK$4,167.9 million, an increase of 9.4% compared to HK$3,809.5 million in the previous year[14] - Profit attributable to shareholders was HK$1,097.3 million, reflecting a 22.3% increase from HK$897.3 million in 2020/2021[14] - Basic earnings per share rose to HK73.9 cents, up from HK60.4 cents last year[14] - Underlying profit, excluding net unrealised gains on the investment property portfolio, was HK$960.4 million, representing a year-on-year increase of 10.6%[15] - The total dividend for the Current Year is HK8 cents per share, down from HK9 cents per share in the previous financial year[17] - The Group's revenue from property development and investment increased to HK$4,525 million for the Current Year, up from HK$4,237 million in the preceding year[58] - The contribution from property development and investment reached HK$1,371 million, compared to HK$1,275 million in the previous year, including a share of HK$286 million from joint ventures[58] Market Conditions and Economic Outlook - Global GDP growth was 5.9% in 2021, recovering from a contraction of 3.1% in 2020[19] - China's GDP growth reached 8% in 2021, supported by effective pandemic containment measures and the dual-circulation development strategy[20] - Hong Kong's GDP grew for four consecutive quarters in 2021, with a stable residential property market performance[21] - The gradual relaxation of real estate market measures in China is expected to stimulate property market growth[20] - The pandemic's fifth wave impacted local consumption sentiment and property sales activities in Hong Kong[21] - The Group remains cautiously optimistic about the property and hospitality markets' outlook due to strong market demand despite potential macroeconomic risks[48] Sustainability and Corporate Social Responsibility - HKR International Limited received multiple awards in the financial year 2021/2022, including the "Best ESG Report (Small-Cap)" and "Grand Award" for ESG reporting[12] - The company was recognized as a "Good MPF Employer" for over 5 years and received the "5 Years Plus Caring Company" logo[12] - HKR International Limited achieved the "Environmental Excellence 2020" award and the "Gold Seals" for community contribution awards[12] - The company participated in the "Energy Saving Charter 2021" and received the "Joint Energy Saving Award" from CLP Power[12] - The Group is committed to sustainable development, establishing targets for Environmental, Social, and Governance (ESG) parameters[41][42] - The Group's strategic sustainability initiatives include signing its first sustainability-linked loan to align ESG performance with operational goals[42] - The Group's commitment to mental health was recognized with the "Mental Health Friendly Supreme Organization" award[12] - The Group's donations and sponsorships to various charities, schools, and welfare organizations totaled HK$3.8 million, representing a year-on-year increase of 13%[129] Operational Performance and Challenges - The Group's operations were significantly impacted by the fifth wave of COVID-19 in Hong Kong, leading to a substantial increase in confirmed cases and the implementation of strict government measures, resulting in a halt to economic recovery[186] - The Group's financial performance was impacted by the prolonged COVID-19 pandemic, with significant restrictions affecting operations and financial results[181] - The Group has implemented cost control measures and creative initiatives to enhance competitiveness in response to the pandemic's impact[184] - The Group's transportation services in Discovery Bay largely recovered to normal levels in late 2021, but faced challenges due to the pandemic's fifth wave in early 2022[89] - The Group's hotel operations in Hong Kong, particularly Auberge Discovery Bay, recorded an average occupancy rate that outperformed the market due to the popularity of staycations and the government's Consumption Voucher Scheme[101] Governance and Compliance - The Group's compliance with the Listing Rules and Corporate Governance Code was confirmed, ensuring proper governance practices[177] - There were no recorded cases of non-compliance with relevant laws and regulations during the year under review, ensuring adherence to environmental and labor standards[178] - The Audit Committee has reviewed the effectiveness of the Group's risk management and internal control systems during the year under review[199] - The Board of Directors includes experienced members with extensive backgrounds in real estate development and property management, enhancing corporate governance[142][144][146]