永泰地产(00369) - 2022 - 年度业绩

Financial Performance - The company recorded a net loss attributable to shareholders of HKD 540 million for 2022, compared to a profit of HKD 854 million in the previous year, resulting in a loss per share of HKD 0.40[1]. - The company achieved a core net profit attributable to shareholders of HKD 658 million in 2022, which is comparable to HKD 683 million in 2021, excluding non-cash valuation losses[1]. - The company reported a net loss of HKD 323.9 million for the year, a significant decline from a profit of HKD 917.6 million in 2021[17]. - The group recorded a consolidated loss for the year of HKD 324,000,000, a decrease of HKD 1,242,000,000 compared to a profit of HKD 918,000,000 in 2021[37]. - The loss attributable to shareholders was HKD 540,000,000, down HKD 1,394,000,000 from a profit of HKD 854,000,000 in 2021[37]. Revenue and Growth - Total revenue for the year ended December 31, 2022, was HKD 4,096.7 million, an increase from HKD 3,423.2 million in 2021, representing a growth of 19.7%[15]. - Property development revenue reached HKD 3,342.5 million, while property investment and management revenue was HKD 589.2 million, contributing significantly to overall revenue[16]. - The revenue from Hong Kong for the year ended December 31, 2022, was HKD 3,991.2 million, up from HKD 3,310.6 million in 2021[19]. - The property development segment's revenue was HKD 3,342,000,000, up from HKD 2,701,000,000 in 2021[39]. Asset and Liability Management - The company's total assets decreased to HKD 27.33 billion as of December 31, 2022, down from HKD 28.17 billion the previous year[1]. - Non-current assets decreased from HKD 29,020.0 million in 2021 to HKD 27,715.8 million in 2022, a decline of approximately 4.5%[7]. - Current assets decreased from HKD 9,718.5 million in 2021 to HKD 7,783.4 million in 2022, a decline of approximately 19.9%[7]. - Total liabilities increased from HKD 6,806.3 million in 2021 to HKD 3,604.9 million in 2022, a decrease of approximately 47.0%[8]. - The total equity decreased from HKD 28,165.8 million in 2021 to HKD 27,327.3 million in 2022, a decline of approximately 3.0%[9]. Investment and Development Activities - The company acquired a residential land plot in Shatin with a maximum gross floor area of approximately 89,000 square feet, which is expected to benefit from government development strategies[2]. - The company continues to sell remaining units of the "Upper Gold Coast" project despite a sluggish residential property market in Hong Kong[2]. - The project "The Carmel" has sold all 178 residential units, with approximately 1% delivered to buyers[40]. - The project "OMA OMA" has sold about 95% of its 466 residential units, with approximately 8% delivered to buyers[40]. - The group successfully acquired a commercial site in Central with a 50% interest, which will include a Grade A office building and a hotel, providing a total floor area of 433,500 square feet[42]. Financial Stability and Cash Flow - Cash and cash equivalents increased significantly from HKD 1,465.5 million in 2021 to HKD 2,240.5 million in 2022, an increase of approximately 52.8%[7]. - The company's accounts receivable decreased to HKD 193.7 million in 2022 from HKD 264.5 million in 2021, indicating improved cash flow management[30]. - The group’s net borrowings amounted to HKD 4,487 million, a decrease from HKD 5,339 million as of December 31, 2021, reflecting a reduction of 15.9%[52]. - The group's debt ratio was 16.4% as of December 31, 2022, down from 19.0% a year earlier, indicating improved financial stability[52]. Operational Challenges - The fair value of the company's commercial and residential properties continued to decline, with a total property valuation loss and impairment provision of HKD 1.7 billion for 2022[1]. - The fair value change of investment properties resulted in a loss of HKD 1,198.8 million, indicating challenges in the property market[16]. - The property investment and management segment reported revenue of HKD 589 million in 2022, a decrease from HKD 597 million in 2021, with a pre-tax loss of HKD 768 million due to increased valuation losses[43]. - The service apartment investment and management segment generated revenue of HKD 106 million in 2022, up from HKD 69 million in 2021, but reported a pre-tax loss of HKD 158 million due to increased valuation losses[48]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules throughout the fiscal year ending December 31, 2022[65]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2022, including the accounting principles adopted by the group[67]. - Wing Tai Properties (Finance) Limited fully redeemed S$170 million fixed-rate bonds (4.25% per annum) under its US$1 billion medium-term note program on November 29, 2022[67]. - The company has complied with the listing rules regarding the number of independent non-executive directors after recent appointments[66].