Financial Performance - For the year ended December 31, 2022, the company reported a loss attributable to owners of HKD 268 million, compared to a loss of HKD 808 million in the previous year, representing a 66.8% improvement[1]. - The basic loss per share for the year was HKD 0.95, down from HKD 2.85 in the prior year, indicating a significant reduction in losses[1]. - The total comprehensive loss for the year was HKD 268 million, a significant improvement from HKD 808 million in the previous year[1]. - The group reported a loss attributable to owners of the company of HKD 268,201,000 for 2022, compared to a loss of HKD 807,930,000 in 2021, indicating a significant improvement[44]. - The net loss for the year was HKD 262.391 million, compared to a net loss of HKD 808.100 million in 2021, indicating an improvement[133]. - Total revenue for the year ended December 31, 2022, was HKD 478.376 million, a decrease of about HKD 90,515,000 compared to HKD 568,891,000 in the previous year[90]. - Revenue from property development was HKD 78,611 thousand, down 38.2% from HKD 127,048 thousand in the previous year[13]. - Revenue from property leasing was HKD 376,134 thousand, a decrease of 10.2% compared to HKD 418,915 thousand in the prior year[13]. - Gross profit for the year was HKD 395.788 million, down 13.8% from HKD 458.925 million in the previous year[133]. Assets and Liabilities - Total assets amounted to HKD 22,223 million, while total liabilities were HKD 1,775 million, resulting in a capital-to-debt ratio of 9%[1]. - The company’s net asset value per share was HKD 67.7, slightly down from HKD 69.0 in the previous year[1]. - As of December 31, 2022, the group's net asset value was HKD 19,175,634,000, down from HKD 19,541,700,000 in the previous year[92]. - The company's total non-current assets decreased to HKD 19.552 billion from HKD 20.005 billion, a reduction of 2.3%[135]. - Current assets increased to HKD 2.671 billion from HKD 2.271 billion, reflecting a growth of 17.6%[135]. - The total trade receivables increased to HKD 46,565,000 in 2022 from HKD 30,039,000 in 2021, representing a growth of 55%[46]. - The net amount of loans receivable decreased to HKD 3,904,000 in 2022 from HKD 5,168,000 in 2021, a decline of 24%[46]. - The total trade payables increased to HKD 18,466,000 in 2022 from HKD 17,405,000 in 2021, reflecting a growth of 6%[46]. - Non-current liabilities rose significantly to HKD 1,841,157,000 from HKD 606,348,000, primarily due to increased borrowings[147]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.20 per share, consistent with the previous year's proposal[1]. - The board proposed a final dividend of HKD 0.20 per share for the year ended December 31, 2022, which is the same as the previous year[117]. Operational Efficiency and Growth Strategies - The company aims to enhance its operational efficiency and explore new market opportunities to drive future growth[2]. - The group aims to enhance its asset value through various investment opportunities and strengthen business synergies[49]. - The group plans to continue exploring other business opportunities and investments beyond real estate to enhance returns[74]. - The group is focusing on acquiring old properties in various districts to enhance investment potential and improve building quality[59]. - The group has actively engaged in marketing activities with local banks and partners to boost tenant sales and foot traffic, capitalizing on the improving pandemic situation[23]. Environmental and Social Responsibility - The group has committed resources to support the sustainable development of several non-profit organizations, responding to social needs[24]. - The group has focused on reducing energy consumption and plastic waste in its major investment properties, aligning with the trend of carbon reduction[24]. - The group aims to enhance its environmental management systems and set long-term carbon reduction targets for its properties[85]. Market Conditions and Future Outlook - The property leasing market is gradually recovering, with improved business sentiment and consumer confidence noted in the fourth quarter of the previous year[50]. - The group expects the local market to benefit from improved tourism demand and consumer sentiment, supporting economic recovery[87]. - The new industrial development project iCITY received positive market response since its pre-sale launch at the beginning of the year[49]. - The new 24-hour digital industrial landmark, iCITY, is expected to be completed in Q4 2023, featuring 601 units[177]. Employee and Compensation - Employee compensation expenses, including directors' remuneration and fixed contribution costs, increased to HKD 141,455,000 in 2022 from HKD 128,540,000 in 2021, reflecting a rise of 10%[1]. - The average number of employees in Hong Kong and mainland China was 308 and 36, respectively, with total employee compensation amounting to approximately HKD 141,455,000[116]. Compliance and Governance - The company has adopted revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the year[130]. - The board of directors has proposed amendments to the company's articles of association, pending approval at the annual general meeting[123]. - The company has confirmed sufficient public float of its shares as of the announcement date[104]. - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[96].
金朝阳集团(00878) - 2022 - 年度业绩