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恒基地产(00012) - 2022 - 年度业绩
HENDERSON LANDHENDERSON LAND(HK:00012)2023-03-21 09:53

Financial Performance - The group's attributable profit for the year ended December 31, 2022, was HKD 9.62 billion, a decrease of HKD 3.99 billion or 29% compared to HKD 13.62 billion in the previous year[3]. - The basic earnings per share for the year were HKD 1.99, down from HKD 2.81 in the previous year[3]. - The group's attributable profit, after accounting for fair value losses, was HKD 9.23 billion, a decrease of HKD 3.95 billion or 30% from HKD 13.19 billion in the previous year[3]. - The net profit for the year was HKD 9,503 million, down 29.5% from HKD 13,360 million in the previous year[74]. - The company's profit for the year ended December 31, 2022, was HKD 9,503 million, a decrease of 29.5% compared to HKD 13,360 million in 2021[75]. - The adjusted basic profit, excluding fair value changes of investment properties, was HKD 9,629 million, down from HKD 13,624 million, indicating a decrease of approximately 29.5%[99]. - The total comprehensive income for the year amounted to HKD 1,843 million, significantly lower than HKD 16,125 million in 2021[75]. - The company's total revenue for the year ended December 31, 2022, was HKD 25,551 million, an increase of 8.6% from HKD 23,527 million in 2021[73]. - The total revenue for the year ended December 31, 2022, was HKD 73,079 million, with a consolidated segment profit of HKD 15,496 million[105]. Property Development - The total attributable revenue from property development in Hong Kong increased by HKD 3.34 billion to approximately HKD 15.53 billion[5]. - The total contract sales amount for self-owned properties in Hong Kong was approximately HKD 13.74 billion for the year ended December 31, 2022[5]. - The group has acquired over 330,000 square feet of self-owned floor area for urban redevelopment projects, with an additional 600,000 square feet planned for sale in 2023[6]. - The total saleable floor area for projects planned for sale in 2023 is estimated at 3.0 million square feet[7]. - The company has 26 major development projects for sale, with a total floor area of approximately 1,570,759 square feet[10]. - The remaining residential units across these projects total 3,389, with a remaining usable area of 1,339,893 square feet[12]. - The company has acquired 24 urban redevelopment projects, with 100% ownership in several, totaling an estimated future self-owned floor area of approximately 1,116,855 square feet[18]. - The total land reserve currently owned by the company in Hong Kong is approximately 25.2 million square feet, including 13.7 million square feet of properties under development[24]. - The group has 1.38 million square feet of land in the North District, with potential for 373,200 square feet of residential floor area and 545,000 square feet of commercial floor area pending land premium agreements[27]. Rental Income and Property Management - The group's rental income from properties in Hong Kong decreased by 1% to HKD 6.45 billion, while the pre-tax net rental income increased by 1% to HKD 4.609 billion[31]. - The average occupancy rate of the group's rental properties as of December 31, 2022, was 93%[31]. - The group owns approximately 970,000 square feet of completed rental properties, with 56% being retail space, 36% office space, and 4% industrial and residential units[32]. - The group holds around 8,400 self-owned parking spaces as an additional source of rental income[32]. - The retail property portfolio maintained a high occupancy rate as of December 2022, with foot traffic recovering to near pre-pandemic levels and overall tenant sales returning to growth[33]. - The group expanded its tenant base in response to local consumption patterns, introducing more fitness centers, massage parlors, and pet shops to attract families[33]. - The total rental income attributable to the group decreased by 1% year-on-year to HKD 2.071 billion, while the attributable pre-tax rental net income also decreased by 1% to HKD 1.603 billion[47]. - The total rental income from subsidiaries for the year ended December 31, 2022, was HKD 6,731 million, a 3% increase from HKD 6,505 million in 2021[143]. Financial Position and Debt Management - As of December 31, 2022, net borrowings were HKD 79.086 billion, down from HKD 91.968 billion in 2021, with a debt ratio of 24.1% compared to 27.5% in the previous year[68]. - The company reported a decrease in bank borrowings to HKD 38,227 million from HKD 44,151 million, indicating a reduction in leverage[77]. - The group has secured over HKD 47 billion in green and sustainable development loans since 2020, including HKD 1 billion in social responsibility loans[68]. - The total debt of the group as of December 31, 2022, was HKD 90,381 million, a decrease from HKD 102,915 million in the previous year[153]. - The group's borrowing ratio as of December 31, 2022, was 24.1%, down from 27.5% in the previous year[157]. - The effective annual interest rate on bank and other borrowings in Hong Kong rose from approximately 1.67% in 2021 to about 2.15% in 2022, leading to higher interest expenses[160]. Future Outlook and Strategic Initiatives - The group plans to launch ten development projects in 2023, with approximately 6,900 residential units or 289,000 square meters available for sale in Hong Kong[70]. - The group is actively seeking environmental projects and investing in innovative technologies and product development through its subsidiary Hong Kong and China Gas[71]. - The group aims to build sustainable smart cities to enhance the quality of life for citizens, supported by its new brand vision[71]. - The company plans to continue focusing on strategic investments and market expansion to enhance future growth prospects[78]. - The group is committed to supporting the Science Based Targets initiative (SBTi) and has integrated climate-related strategies into its decision-making processes[69]. Challenges and Risks - The group anticipates that actual results may differ significantly from forward-looking statements due to risks and uncertainties[172]. - The company has identified potential uncertainties in acquiring full ownership of certain projects, which may affect redevelopment plans[23]. - The group has not made any distinctions between the roles of the Chairman and CEO, believing that the current arrangement serves the best interests of the company[170].