丽新发展(00488) - 2023 - 中期财报

Financial Performance - Total revenue for the six months ended January 31, 2023, was HKD 42,984,703, a decrease of 1.5% compared to the previous period[1]. - For the six months ended January 31, 2023, the total revenue was HKD 2,604,217, a decrease from HKD 2,809,354 in the same period of 2022, representing a decline of approximately 7.3%[13]. - Total revenue for the six months ended January 31, 2023, was HKD 2,467,443,000, a decrease of 9.2% from HKD 2,719,500,000 for the same period in 2022[19]. - The group recorded a revenue of HKD 2,467,400,000 for the six months ending January 31, 2023, a decrease from HKD 2,719,500,000 in the same period last year[80]. - The group’s revenue for the six months ended January 31, 2023, was HKD 216.2 million, a decrease of 10.6% compared to HKD 241.6 million for the same period in 2022[156]. Losses and Expenses - The operating loss for the period was HKD 1,525,869, compared to an operating loss of HKD 643,361 in the previous year, indicating a significant increase in losses[13]. - The company reported a net loss before tax of HKD 1,475,670 for the six months ended January 31, 2023, compared to a net loss before tax of HKD 514,378 for the same period in 2022, reflecting a worsening financial position[13]. - The company reported a loss attributable to shareholders of HKD 1,360,823,000 for the period, compared to a loss of HKD 479,936,000 for the same period last year[27]. - The net loss attributable to shareholders for the same period was approximately HKD 1,360.8 million, compared to a loss of HKD 479.9 million in 2022, with a loss per share of HKD 1.397[82][84]. - Total comprehensive loss for the period was HKD 1,629,141, compared to HKD 346,599 in the prior year, indicating a significant increase in overall losses[170]. Cash Flow and Liquidity - Net cash flow used in operating activities was HKD (1,022,477), an improvement from HKD (2,467,376) in the prior year[4]. - Cash and cash equivalents at the end of the period were HKD 4,079,734, down from HKD 6,178,117 a year earlier[6]. - The company incurred a net cash outflow from financing activities of HKD (875,472), compared to a net inflow of HKD 1,219,119 in the previous year[4]. - New bank loans raised during the period amounted to HKD 6,244,882, significantly higher than HKD 779,976 in the prior year[4]. - The company’s total liabilities as of January 31, 2023, were HKD 4,381,885,000, reflecting an increase in financial obligations[34]. Assets and Liabilities - The company’s total liabilities decreased to HKD 35,130,229, down from HKD 36,000,000 in the previous year[1]. - The company’s equity attributable to owners was HKD 5,463,477, a decrease from HKD 5,500,000 in the previous year[1]. - The company’s retained earnings stood at HKD 24,809,875, reflecting a decrease of 1.9% from the previous period[1]. - The total assets of the group for the reporting period were not detailed, but the company continues to adopt revised Hong Kong Financial Reporting Standards, which are not expected to have a significant impact on financial performance[10]. - The company reported a total equity of HKD 40,987,500,000, with a loss of HKD 1,525,869,000 during the six-month period ending January 31, 2023[176]. Market and Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5]. - The group has not disclosed specific future outlook or guidance in the provided documents, indicating a cautious approach amid current market conditions[12]. - The company continues to focus on its core business segments, including theme park operations and media and entertainment, despite the financial challenges faced[13]. - The company is actively monitoring the London property market and has submitted a revised proposal for the redevelopment of three properties on Leadenhall Street, aiming for higher sustainability standards[57]. - The company is exploring new development opportunities to further enhance its market presence and financial performance[157]. Property and Investment Performance - The hotel business revenue increased to HKD 421,473,000, up 25.6% from HKD 335,552,000 in the previous year[19]. - Property sales revenue decreased to HKD 600,158,000, down 30.1% from HKD 858,861,000 in the previous year[19]. - The company has sold all 144 residential units at Yat Sing, with a total saleable area of approximately 45,822 square feet and an average selling price of HKD 21,300 per square foot[59]. - The company acquired a 15% stake in a company developing an 18-hole golf course in Tai Po, Hong Kong, viewed as a unique investment opportunity due to the limited number of golf courses in the region[63]. - The company holds 100% ownership of several key properties, including the Guangzhou Fubon Plaza and the Guangzhou Li Feng Center[129][132]. Share Options and Capital Management - The company has a total of 122,821,216 shares available for grant under the 2015 share option plan, which will not grant any further options after its termination[178]. - The 2022 share option plan allows for the issuance of up to 149,185,459 shares, representing 10% of the total issued shares[178]. - The newly adopted 2022 share option scheme allows for the grant of 33,103,344 shares, representing 10% of the issued shares as of January 31, 2023[189]. - The total number of unexercised share options as of January 31, 2023, is 1,170,000 shares[193]. - The new share option plan approved by shareholders aims to attract and retain qualified participants, including directors and employees, to enhance performance goals[197].