Land and Property Development - The company has a land reserve of approximately 439,632 square meters across 20 property projects as of December 31, 2023, focusing on the Greater Bay Area and first-tier cities like Shenzhen, Shanghai, and Hong Kong [25]. - The Group's land bank, consisting of 20 property projects, was approximately 439,632 sq.m. as of December 31, 2023 [40]. - The Shenzhen Upper Residence project has a total value of approximately RMB 2.5 billion, with registered sales of approximately RMB 1.903 billion as of the end of 2023 [30]. - The Topspring International Mansion and Jianshang Commercial Building in Shenzhen, with a GFA of approximately 101,700 sq.m., are scheduled for sale in the second quarter of 2024 [30]. - The Shanghai Top Spring International Centre has a GFA of approximately 100,000 sq.m. and is actively integrating into the local innovative industrial system [29]. - The Group's projects include significant developments in cities such as Shenzhen, Shanghai, and Nanjing, with a strong emphasis on commercial and residential property investment [146]. Financial Performance - In 2023, the Group's rental income from investment properties was approximately HKD 217.2 million, a decrease of about 2.7% compared to HKD 223.2 million in 2022 [38]. - The Group recorded total pre-sales of properties and car park units of approximately HK$600.4 million in 2023, a decrease of approximately 14.6% compared to 2022 [128]. - Revenue from the sale of properties (excluding car park units) was approximately HK$402.3 million, reflecting a significant decrease of approximately 87.1% compared to the previous year [133]. - The group's consolidated revenue for 2023 was approximately HKD 954.3 million, a decrease of about 74.0% compared to 2022 [199]. - The loss attributable to equity shareholders and holders of perpetual convertible securities for 2023 was approximately HKD 876.9 million, compared to a loss of HKD 185.1 million in 2022 [199]. - Revenue for the year ended December 31, 2023, decreased by approximately 74.0% to about HKD 954,300,000 from approximately HKD 3,667,200,000 for the year ended December 31, 2022 [200]. Occupancy and Rental Income - As of December 31, 2023, the overall occupancy rate of the Group's investment properties was approximately 82.5% [38]. - The occupancy rate of the Group's investment properties decreased from approximately 83.3% as of December 31, 2022, to approximately 82.5% as of December 31, 2023 [164]. - The average monthly rental income for the Group's operational investment properties was approximately HK$69.3 per square meter for the year ended December 31, 2023, down from approximately HK$70.7 per square meter for the previous year [164]. Environmental, Social, and Governance (ESG) Initiatives - The company has identified 15 significant environmental, social, and governance issues that impact its stakeholders, maintaining a consistent focus on these areas [17]. - The Group has identified four key ESG categories: Environmental Protection, Employment Management, Operating Practices, and Community Involvement [95]. - The Group has established a three-tier ESG management structure consisting of the Board, senior management, and the ESG function group to ensure effective governance [110]. - The Group is committed to integrating sustainable development into its business strategy and governance framework, recognizing the importance of environmental, social, and governance (ESG) matters [145]. - The Group has been proactive in corporate social responsibility, supporting education for students from poor families through initiatives like the New Great Wall Scholarship Project [106]. Customer and Supplier Relations - The company maintains a supplier list of 165 suppliers, all located in China, and conducts annual reviews of their background and performance [5]. - The company has a strict complaint handling policy in place to ensure customer feedback is addressed promptly and effectively [8]. - The Group has improved customer complaint handling processes and enhanced customer experience through a mobile application [90]. - The Group has implemented a fair tendering mechanism to enhance long-term partnerships with suppliers and business partners [90]. Employee Development and Safety - The company emphasizes employee development through customized training programs, ensuring staff are equipped with the latest industry knowledge [2]. - The company is committed to ensuring a safe working environment for its employees, certified under ISO 45001 Occupational Health and Safety Management System [16]. - The Group has organized occupational and professional staff training to provide a healthy and safe working environment [89]. Community Engagement and Recognition - The Group received recognition for its contributions to community support, education, and cultural initiatives, enhancing its reputation in the market [57]. - The Group has established the "Laimeng Scholarship Fund" in collaboration with the China Poverty Alleviation Foundation to support impoverished university students from Guangdong, Jiangsu, Jiangxi, and Sichuan since 2010 [86]. - In 2023, the Group received multiple recognitions for charitable works, including aid to minority communities and contributions to education and cultural affairs [87].
莱蒙国际(03688) - 2023 - 年度财报