中华汽车(00026) - 2023 - 年度业绩

Financial Performance - The group's operating profit for the fiscal year ending June 30, 2023, was HKD 74 million, up from HKD 47 million last year, primarily due to increased interest income [5]. - The group's audited net loss attributable to shareholders was HKD 155 million, compared to a net profit of HKD 72 million last year, mainly reflecting a revaluation loss on investment properties [5]. - Revenue for the year was HKD 66.94 million, a decrease of 8.8% from HKD 72.98 million in 2022 [15]. - The group reported a consolidated loss of HKD 155.36 million for the fiscal year ending June 30, 2023, compared to a profit of HKD 72.35 million in the previous year [14]. - Total comprehensive loss for the year was HKD 111.95 million, compared to a loss of HKD 71.70 million in the previous year [16]. - The company's operating expenses rose to HKD 19,015,000 in 2023 from HKD 18,673,000 in 2022, an increase of 1.8% [25]. - The company's revenue from the Hong Kong market was HKD 37,552,000 in 2023, down from HKD 40,503,000 in 2022, a decrease of 4.8% [24]. - Revenue from the UK market was HKD 29,383,000 in 2023, down from HKD 32,480,000 in 2022, a decline of 6.4% [24]. Dividends - The total proposed dividend for the year is HKD 3.20 per share, consistent with last year's dividend [5]. - The total dividends declared for the fiscal year 2023 amount to HKD 144,886,000, slightly down from HKD 144,986,000 in 2022 [12]. - The company plans to propose a final dividend of HKD 0.10 per share and a special dividend of HKD 1.70 per share, totaling HKD 3.20 per share for the year, consistent with the previous year's distribution [35]. Investment Properties - The group holds a 20% stake in Windcharm Investments Limited, which is redeveloping a site into a mixed-use project with a total construction area of 64,500 square meters [5]. - The foundation work for the redevelopment project is progressing as planned, with completion expected in Q4 2023 for one site and Q3 2025 for the other [6]. - The rental occupancy rate for the office building in North Point was 66% as of June 30, 2023, while residential occupancy was 94% [8]. - The group’s investment properties in London are fully leased, with a 25-year lease for Albany House expiring at the end of 2024 [9]. - The group’s rental income from investment properties was HKD 66.94 million, down from HKD 72.98 million, indicating a decrease of 8.8% [19]. Financial Position - The group maintains a healthy financial position with sufficient liquidity and no external debt, positioning it to benefit from future market improvements [12]. - Non-current assets decreased to HKD 6.23 billion from HKD 6.43 billion, reflecting a decline of 3.1% [17]. - Current assets also saw a decrease, totaling HKD 1.48 billion compared to HKD 1.50 billion in 2022 [17]. - The group's total equity decreased to HKD 7.61 billion from HKD 7.87 billion, a decline of 3.4% [17]. - The total amount of accounts receivable increased to HKD 11,963,000 in 2023 from HKD 3,838,000 in 2022 [30]. - The company reported a total of HKD 45,451,000 in accounts payable for 2023, compared to HKD 39,569,000 in 2022, an increase of 14.5% [31]. - The group's share of equity in associated companies as of June 30, 2023, is HKD 3,562,711,000, compared to HKD 3,554,195,000 in 2022 [38]. - The total assets of the associated companies amount to HKD 10,696,108,000, with non-current assets at HKD 4,753,602,000 [38]. - The company has provided financial assistance totaling HKD 2,005,407,000 to its associated companies, with some loans being interest-free and unsecured [37]. Market Outlook - The global economic outlook remains challenging, with inflation pressures and rising interest rates expected to persist, impacting the real estate market in Hong Kong and the UK [10]. Corporate Governance - The board will continue to seek opportunities to enhance shareholder value [13]. - The company has not repurchased, sold, or redeemed any of its listed securities during the year [35]. - The company does not foresee the need to establish an internal audit function based on its current structure and scale [39]. - The company’s auditor has confirmed that the financial figures for the year ending June 30, 2023, are consistent with the consolidated financial statements [34]. - The company will suspend share transfer registration from November 29, 2023, to December 4, 2023, for the upcoming annual general meeting [36].