Financial Performance - The unaudited consolidated revenue for the nine months ended September 30, 2022, was HKD 17,783.87 million, a decrease of 19.7% compared to HKD 22,154.54 million in the same period of 2021[2]. - The unaudited consolidated profit before tax decreased by 12.6% to HKD 7,070.93 million, down from HKD 8,093.48 million in 2021[4]. - The net profit attributable to the owners of the company was HKD 4,699.83 million, a slight decrease of 0.6% from HKD 4,728.71 million in the previous year[2]. - The total revenue for the period decreased by 81.6% to HKD 989,909,000 compared to HKD 5,392,554,000 in 2021[19]. - The revenue from property sales was HKD 969,817,000, down from HKD 5,377,755,000 in 2021[19]. - The pre-tax profit for the period, excluding fair value changes and net finance costs, was HKD 4,985,000, down from HKD 1,845,596,000 in 2021[19]. Asset and Equity - The total assets as of September 30, 2022, amounted to HKD 130,474.78 million, reflecting a marginal increase of 0.3% from HKD 130,030.82 million as of December 31, 2021[2]. - The equity attributable to the owners of the company decreased by 7.8% to HKD 42,618.45 million from HKD 46,210.70 million[2]. Water Supply Projects - The total water supply for the Dongshen Water Supply Project was 1.707 billion tons, a decrease of 10.7% from 1.911 billion tons in 2021, generating revenue of HKD 5,177.00 million, down 2.6%[5]. - The company successfully acquired or signed contracts for three new water resource projects in China, with a total investment estimated at approximately RMB 1.614 billion (about HKD 1.785 billion)[5]. - The total designed water supply capacity of the company's water supply plants increased to 14,873,200 tons per day as of September 30, 2022, compared to 13,783,200 tons per day at the end of 2021[5]. - The total water supply capacity of the group's subsidiaries and joint ventures reached 5,481,800 tons per day, while the wastewater treatment capacity was 1,888,900 tons per day as of September 30, 2022[7]. - The group is currently constructing water supply plants with a total supply capacity of 2,670,000 tons per day and wastewater treatment capacity of 318,500 tons per day[9]. - The company continues to focus on expanding its water resource projects through acquisitions and new constructions to meet increasing demand[9]. Property Investment - Guangdong Tianhe City reported a 5.2% increase in property investment revenue to HKD 1,170,731,000, compared to HKD 1,112,852,000 in the previous year[10]. - The pre-tax profit from property investment for Guangdong Tianhe City increased by 0.2% to HKD 738,852,000, compared to HKD 737,463,000 in 2021[10]. - The rental area of Tianhe City Plaza was 106,000 square meters with a rental rate of 99.3%[11]. - The rental area of Tianhe City Shopping Center was 144,000 square meters with a rental rate of 93.7%[11]. - The total floor area of properties under development is approximately 506,000 square meters[11]. Economic Environment and Strategy - The company acknowledges the ongoing economic pressures, including demand contraction and supply shocks, impacting its recovery[27]. - The company emphasizes the importance of risk management in the face of complex economic environments[27]. - The company aims to optimize its asset portfolio and resource allocation while expanding its core business scale[27]. - The company is actively seizing potential development opportunities arising from the "Guangdong-Hong Kong-Macao Greater Bay Area" strategic planning[27]. - The company will focus on high-quality public-private partnership projects and related market acquisition opportunities to achieve new breakthroughs in profit growth[27]. Other Financial Metrics - The net financial costs for the period were HKD 433.00 million, an increase from HKD 175.00 million in the previous year[4]. - The company reported a net exchange gain of HKD 105.00 million, compared to a net exchange loss of HKD 30.00 million in 2021[4]. - The average occupancy rate for the period was 96.4%, an increase from 90.0% in 2021[20]. - The total income for the period increased by 4.6% to HKD 37,530,000 compared to HKD 35,875,000 in 2021[20]. - The net gain from fair value adjustments of investment properties was HKD 1,108,169,000, up from HKD 463,680,000 in 2021[19]. Governance - The board of directors consists of five executive directors and several non-executive and independent directors, ensuring diverse governance[29]. - The company has not provided audited financial data for the nine months ending September 30, 2022, and cautions shareholders and potential investors regarding the unreliability of the information[28].
粤海投资(00270) - 2022 Q3 - 季度财报