Financial Performance - The company reported a profit of HKD 28,801,900 for the six months ending December 31, 2023, compared to a loss of HKD 51,471,809 in the same period last year[15]. - The total comprehensive income attributable to shareholders for the period was a loss of HKD 60,286,888, compared to a gain of HKD 20,401,951 in the prior year[15]. - The group reported a net profit attributable to shareholders of HKD 28.8 million for the six months ended December 31, 2023, compared to a loss of HKD 51.5 million in the same period of 2022[58]. - Revenue for the interim period was HKD 65.7 million, slightly down from HKD 68.2 million in 2022[58]. - The group recorded a profit attributable to shareholders of HKD 28.8 million, with a net profit of HKD 55.7 million after excluding unrealized losses from financial instruments[85]. - The group reported a pre-tax profit of HKD 28,949,413 for the six months ended December 31, 2023, compared to a loss of HKD 51,344,070 in the same period last year[168]. Revenue and Sales - For the six months ending December 31, 2023, the hotel operating revenue was HKD 43,750,000, an increase from HKD 41,376,322 in the same period of 2022, representing a growth of approximately 5.7%[28]. - Food and beverage sales for the same period were HKD 4,520,895, down from HKD 5,063,899, indicating a decrease of about 10.7%[28]. - The total revenue from club operations and hotel management was HKD 7,850,428, slightly up from HKD 7,644,827, reflecting an increase of approximately 2.7%[28]. - Revenue for City Garden Hotel, Hong Kong Park Lane Hotel, and Royal Pacific Hotel reached HKD 48.7 million, HKD 301.3 million, and HKD 153.4 million respectively, showing significant improvement from the previous year's figures[85]. - Hotel operations revenue for the six months ended December 31, 2023, was HKD 48,711,027, an increase of 4.1% from HKD 46,764,842 in the same period last year[168]. - The group's total revenue for the six months ended December 31, 2023, was HKD 65,755,260, down 3.7% from HKD 68,264,106 in the previous year[168]. Cash Flow and Financial Position - The net cash generated from operating activities was HKD 19,602,059, down from HKD 21,774,958 in the previous year[16]. - The company had cash and cash equivalents of HKD 197,940,150 at the end of the reporting period, a decrease from HKD 542,373,274 at the end of the previous year[16]. - The group had cash and bank deposits of HKD 1.156 billion as of December 31, 2023, with no outstanding debts[62]. - The company has no outstanding debts as of December 31, 2023, indicating a strong financial position[100]. - The total assets less current liabilities amounted to HKD 4,082,757,074, a slight decrease from HKD 4,143,043,962 as of June 30, 2023[104]. Operational Efficiency and Strategy - The company plans to continue its focus on operational efficiency and cost management strategies moving forward[15]. - The group continues to focus on cost control and operational efficiency improvements to enhance guest experiences[61]. - The company plans to continue optimizing its leased properties and hotel operations over the next four years[21]. - The company is closely monitoring market dynamics and managing costs cautiously due to intense industry competition[99]. - The group plans to enhance its products and services continuously to ensure a pleasant experience for guests[99]. Sustainability and Community Engagement - The group was recognized among the top ten in the Greater China Hotel Sustainability Index for its sustainable practices[70]. - The group plans to continue its commitment to sustainable development and employee engagement initiatives[69]. - The Royal Pacific Hotel donated 283 kg of surplus food to local families, demonstrating community engagement[96]. - The group continues to promote sustainable seafood practices in collaboration with the World Wildlife Fund[96]. - The company installed 72 solar panels at the City Garden Hotel to support renewable energy development in Hong Kong[122]. - The company continues to support energy-saving initiatives and has set up electric vehicle charging stations at its hotels[122]. Shareholder Information - The group plans to distribute an interim dividend of HKD 0.015 per share, totaling HKD 17,139,927, compared to no dividend in the previous year[176]. - Basic earnings per share improved to HKD 2.52, compared to a loss of HKD 4.50 per share in the prior year[100]. - Major shareholders include Tamworth Investment Limited with 178,150,243 shares, Strathallan Investment Limited with 119,968,581 shares, and Nippomo Limited with 59,351,666 shares[196][197][198].
SINO HOTELS(01221) - 2024 - 中期财报