Financial Performance - The group achieved revenue of HKD 31.54 billion, a slight decrease of 1.6% compared to the previous year[2]. - Profit attributable to equity shareholders was HKD 2.09 billion, with basic earnings per share of HKD 0.2343[2]. - Excluding the net impact of fair value changes of investment properties and financial assets, profit attributable to equity shareholders was HKD 3.10 billion, with core earnings per share of HKD 0.3487[2]. - The company reported a net profit of HKD 2.46 billion for the year, recovering from a loss of HKD 2.10 billion in the previous year[5]. - The company reported a profit attributable to equity shareholders of HKD 2.0854 billion, with a basic earnings per share of HKD 0.2343, marking a turnaround from a loss in the previous year[72]. - The gross profit for the year was HKD 10.6926 billion, resulting in an overall gross margin of 33.9%[72]. Revenue Breakdown - Contract sales amounted to approximately RMB 19.21 billion, an increase of 0.6% year-on-year, outperforming the market[2]. - Property development revenue was HKD 25.65 billion, with a gross profit margin of approximately 37%, maintaining a high profitability level in the industry[2]. - Revenue from property sales was HKD 25,654,000 in 2022, compared to HKD 26,660,228 in 2021, indicating a decrease of about 3.8%[21]. - Rental income for 2022 was HKD 1,195,839, down from HKD 1,497,427 in 2021, reflecting a decline of approximately 20.2%[21]. - The agricultural segment reported revenue of approximately HKD 400 million, with a year-on-year growth of over 80%[60]. - Manufacturing business revenue reached approximately HKD 607.2 million, a year-on-year increase of 33%, primarily from LCD display module manufacturing and related services[92]. Assets and Liabilities - Total assets amounted to HKD 163.47 billion, compared to HKD 162.77 billion in the previous year[10]. - Total liabilities increased to HKD 113.91 billion from HKD 108.40 billion year-on-year[11]. - The total assets of the company as of 2022 amounted to HKD 163,467,589, compared to HKD 162,765,871 in 2021, showing a slight increase of about 0.4%[20]. - Total liabilities for 2022 were HKD 113,910,616, an increase from HKD 108,395,991 in 2021, representing a rise of approximately 5.0%[20]. - The company’s total bank and other borrowings amounted to HKD 40.2222 billion, with a net debt ratio of 60.2%, an increase of 29 percentage points from the previous year[95]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.12 per share, bringing the total annual dividend to HKD 0.15 per share, with a payout ratio of 43% based on core earnings[2]. - The company declared a final dividend of HKD 1,067,855,000 for the year ended December 31, 2022, with a proposed dividend of HKD 0.12 per share[32]. - The board proposed a final dividend of HKD 0.12 per share for the year ended December 31, 2022, compared to HKD 0.08 per share in 2021, bringing the total dividend for the year to HKD 0.15 per share[102]. Operational Highlights - The group operates five reporting segments: property development, property investment, property management, manufacturing, and others[17]. - The company reported a total remuneration for key management personnel of HKD 25,278,000 in 2022, slightly up from HKD 25,239,000 in 2021, reflecting a marginal increase of about 0.2%[54]. - The company achieved a contract sales area of approximately 820,000 square meters, with a contract sales amount of approximately RMB 19.2093 billion (equivalent to approximately HKD 22.3538 billion), reflecting a 0.6% increase compared to last year[75]. - The company commenced new projects covering an area of approximately 2,774.2 thousand square meters, a decrease of 30% compared to the previous year[78]. - The company completed projects with a total area of approximately 1,131.8 thousand square meters, an increase of 37% year-on-year[80]. Financing and Debt Management - The average comprehensive interest rate on bank and other borrowings was 3.3%, which is better than the market[2]. - The group has successfully secured a USD 650 million external debt quota and organized a HKD 5 billion syndicated loan to replace an upcoming HKD 3.5 billion syndicated loan, resulting in a decrease in the comprehensive cost of fixed-rate debt[63]. - The company has expanded its financing channels to enhance liquidity, which remained unaffected by the sporadic outbreaks of the pandemic[98]. Strategic Initiatives - The company aims to transform into a technology-driven industrial group focusing on urban comprehensive development and investment services amid a challenging real estate environment[55]. - The group is focusing on high-quality development in the real estate sector, with a strategy to transition from high-leverage models to refined management of products and services[65]. - The group aims to optimize its ESG governance structure and management methods to ensure the effectiveness of its sustainable development strategies[64]. - The company plans to enhance its innovation in high-end manufacturing and agricultural technology, aiming for geometric growth in business scale over the next few years[71]. Market Position and Future Outlook - The group achieved a contract sales target of RMB 23 billion for the year, representing a growth of approximately 20%, supported by a saleable value exceeding RMB 45 billion[68]. - The group plans to enhance asset management and upgrade investment property structures, aiming for rental income of approximately HKD 1.2 billion from its 1.79 million square meters of existing properties[68]. - The group is actively pursuing opportunities in the agricultural sector, particularly in high-quality fruits and vegetables, with confidence in future market demand[66].
深圳控股(00604) - 2022 - 年度业绩