Financial Performance - The unaudited consolidated profit attributable to equity holders for the six months ended June 30, 2022, was approximately HK$6,390 million, with basic and diluted earnings per share at HK$2.446[25]. - For the first half of 2022, the Group recorded a turnover of RMB11,016 million (HK$13,170 million), a decrease of 18.1% compared to RMB13,452 million (HK$16,074 million) in the same period of 2021[81]. - The gross profit for the first half of 2022 amounted to HK$3,064 million, with a gross profit margin of 23%, down from 63% in 2021[84]. - Profit attributable to equity holders was HK$6,390 million, compared to HK$5,632 million in 2021, while underlying profit decreased by 90% to HK$559 million[97]. - Profit before taxation increased to HK$8,683,085, compared to HK$6,907,124 in 2021, representing a growth of 25.7%[115]. - The company reported a fair value gain on investment properties of HK$7,757,329, a significant increase from HK$24,691 in the previous year[115]. - The company reported a loss from investments of HK$1,819,573 for the six months ended June 30, 2022, a significant decline from the income of HK$5,007,094 in 2021[169]. Sales and Revenue - Recognized sales from the real estate segment amounted to HK$9,282 million, with an average selling price of HK$17,397 (RMB14,551) per square meter, a decrease of 18.1% compared to the same period last year[29]. - Contracted sales for the Group reached RMB16,860 million, with suburban properties, high-end properties, and renovated properties accounting for 2%, 44%, and 54% of total contracted sales, respectively[29]. - The total saleable area for residential properties reached 20.58 million sq.m., with significant contributions from various property types including shopping arcades and offices[38]. - Revenue from property development for the six months ended June 30, 2022, was HK$9,282,267, an increase from HK$6,483,087 in 2021, representing a growth of 43.5%[165]. - Total revenue from contracts with customers for the same period was HK$13,151,893, compared to HK$9,225,044 in 2021, marking a year-over-year increase of 42.5%[169]. Investment and Assets - The Group's total assets as of June 30, 2022, amounted to HK$328,898,600, a decrease from HK$346,233,856 at the end of 2021[119]. - The Group's total investment properties were revalued at HK$84,932,121,000 as of June 30, 2022, up from HK$80,609,222,000 at the end of 2021, indicating a growth of 5.8%[198]. - The Group's investment segment focuses on equity investments in high-and-new technology, aiming for higher capital returns and stable cash flows[68]. - The Group reported a loss of HK$813,365,000 on the disposal of listed equity securities in Hong Kong and a loss of HK$1,496,892,000 on the disposal of listed equity securities in the United States for the six months ended June 30, 2022[70]. Dividends and Shareholder Returns - The Group does not recommend any interim dividend for the six months ended June 30, 2022, compared to HK$0.50 per share for the same period last year[25]. - A bonus issue of one new share for every ten existing shares is proposed, subject to shareholders' approval[25]. - The company declared an interim dividend of HK$nil per ordinary share for 2022, down from HK$0.50 in 2021, reflecting a cautious approach to cash distribution[186]. Market and Economic Conditions - The commercial real estate market is expected to recover steadily in the second half of 2022, driven by stabilizing epidemic conditions and government policies promoting consumption[47]. - From January to June 2022, the year-on-year decline in commercial housing sales area and sales narrowed by 1.4 percentage points and 2.6 percentage points, respectively[39]. - In June 2022, commercial housing sales area and sales increased month-on-month by 65.8% and 68.1%, respectively, indicating positive recovery signs in the real estate market[39]. Operational Efficiency and Strategy - The Group plans to actively cooperate with the government on urban redevelopment projects to acquire quality land in first-tier cities while avoiding high land premiums[32]. - The Group plans to utilize smart construction technologies to enhance project management and operational efficiency in the infrastructure segment[79]. - The company aims to enhance its tenant portfolio by introducing first-tier and second-tier international brands, which has improved tenant recruitment for new projects[46]. - The Group's strategy includes partnering with governments, industry peers, and business partners to enhance service quality and operational capabilities[66]. Financial Position and Liabilities - Total liabilities decreased from HK$233,204,687 to HK$215,523,874, a reduction of approximately 7.3%[121]. - The Group's current ratio as of June 30, 2022, was 1.69, slightly down from 1.79 at the end of 2021, with equity increasing by 1% to HK$113,375 million[105]. - Total borrowings from banks and financial institutions decreased by 9% to HK$83,473 million as of June 30, 2022, with a gearing ratio of 66%[105]. - The Group provided guarantees to banks for mortgage facilities granted to buyers of the Group's properties, totaling HK$19,656 million as of June 30, 2022, an increase from HK$17,502 million as of December 31, 2021[108]. Technology and Innovation - Hooplife Technology Group is focused on integrating various technological innovations to enhance the efficiency and model of commercial property investment and operation[56]. - The development strategy of Hopson Commercial Technology focuses on an asset-light approach, emphasizing smart engineering and commercial platforms[53]. - Hooplife Technology Group is committed to promoting digitalisation and intelligentisation in community services, enhancing cost efficiency through smart technology[64]. Community and Social Impact - The community new retail segment achieved a gross merchandise value of RMB 33.3 billion in the first half of 2022, representing a year-on-year increase of 180%[64]. - The total number of registered users reached 3.1 million, marking a year-on-year increase of 204%[64]. - The number of registered small B-enterprises increased to 400,000, representing a year-on-year growth of 470%[64].
合生创展集团(00754) - 2022 - 中期财报