2024-2025 中期報告書 股票編號 : 026 董事局（「董事局」）宣佈截至2024年12月31日止之6個月內，中華汽車有限公司 （以下簡稱「本公司」）及其附屬公司（以下統稱「本集團」）未經審核之綜合營業 盈利為3,517萬港元，相比截至2023年12月31日止之6個月內為4,786萬港元。 營業盈利下降主要反映因利率下跌引致利息收入下降及匯兌虧損上升。截至 2024年12月31日止之6個月內計入出售一項投資物業之盈利1億925萬港元、集 團投資物業重新估值及應佔合營企業及聯營公司業績後之除稅後未經審核之綜 合虧損為3,421萬港元，相比截至2023年12月31日止之6個月內綜合虧損為1億 6,124萬港元。截至2024年12月31日止之6個月內，投資物業重估虧損淨值為1 億9,907萬港元（包括應佔合營企業所持投資物業之重估虧損淨值），屬非現金 性質，因此並不會對本集團的營運現金流造成影響。本集團的整體財政狀況維 持穩健。此中期業績雖未經審核，但本公司之核數師及本公司之審核委員會已 作審閱。核數師之獨立審閱報告乃刊載於後頁。 綜合收益表 截至2024年12月31日止6個月－未經審核 綜合財務狀況表 （ ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 對因本公告全部或任何部分內容而產生或因倚賴有關內容而引致的任 何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號: 026） 2024/2025 年度中期業績公佈 董事局(「董事局」)宣佈截至 2024 年 12 月 31 日止之 6 個月內，中華汽車有限 公司（以下簡稱「本公司」）及其附屬公司（以下統稱「本集團」）未經審核之綜 合營業盈利為 3,517 萬港元，相比截至 2023 年 12 月 31 日止之 6 個月內為 4,786 萬港元。營業盈利下降主要反映因利率下跌引致利息收入下降及匯兌虧損上升。 截至 2024 年 12 月 31 日止之 6 個月內計入出售一項投資物業之盈利、集團投資 物業重新估值及應佔合營企業及聯營公司業績後之除稅後未經審核之綜合虧損 為 3,421 萬港元，相比截至 2023 年 12 月 31 日止之 6 個月內綜合虧損為 1 億 6,124 萬港元。截至 2024 年 12 月 31 日止之 6 個月內，投資物業重估虧損淨值為 1 億 9 ...

Business Operations and Subsidiaries - The company's main business is property development and investment, with details of subsidiaries' main businesses provided in Note 10 of the financial statements[6] - The company's joint ventures and associates are detailed in Notes 11 and 12 of the financial statements as of June 30, 2024[7][8] - The company's main business operations are concentrated in Hong Kong, with key properties located at 3 Jordan Road, Kowloon, and 180 Java Road, North Point, which include residential, commercial, and parking spaces[43] - The company does not operate any manufacturing facilities or engage in property construction, resulting in minimal environmental and social impact[45] - Subsidiary Heartwell Limited holds 9,000,002 shares with 100% direct ownership, primarily engaged in investment holding[169] - Subsidiary Communication Holdings Limited holds 35,900,010 shares at HKD 10 per share, with 100% direct ownership, primarily engaged in investment holding[169] Dividends and Dividend Policy - The company declared a first interim dividend of HKD 0.10 per share and a special dividend of HKD 1.00 per share on June 25, 2024, with a second interim dividend of HKD 0.30 per share to be paid on October 17, 2024[9] - The board recommended a final dividend of HKD 0.10 per share and a special dividend of HKD 1.70 per share for the fiscal year ending June 30, 2024, subject to shareholder approval at the upcoming annual general meeting[9] - The company aims to distribute dividends three times a year, with the first interim dividend declared around February, the second interim dividend around July, and the final dividend around November following the annual general meeting[9] - The company's dividend policy balances regular dividend payments with retaining sufficient cash reserves for reinvestment to enhance shareholder value[9] - Dividends paid for the fiscal year 2024 amounted to HKD 95,082,000, consistent with the previous year's HKD 95,147,000[187] Financial Performance and Position - Rental income increased to HKD 70 million (2023: HKD 67 million), driven by improved residential occupancy rates and higher UK rental income due to a stronger GBP exchange rate[25] - Operating profit for the year rose to HKD 95 million (2023: HKD 74 million), reflecting higher rental and interest income, partially offset by exchange losses[26] - Post-tax loss attributable to shareholders was HKD 262 million (2023: HKD 155 million), primarily due to revaluation losses on investment properties[26] - Net revaluation loss on investment properties, including joint ventures, was HKD 405 million, which is non-cash and did not impact operating cash flow[26] - The company's overall financial position remains healthy despite the revaluation losses[26] - Cash and cash equivalents increased to HKD 1.212 billion as of June 30, 2024, up from HKD 765 million in 2023[27] - Net cash inflow from operating activities was HKD 29 million in 2024, compared to HKD 25 million in 2023[27] - Capital expenditure for the year was HKD 154,000, up from HKD 119,000 in 2023[29] - The company's share of equity in affiliates was HKD 3,411,295,000 as of June 30, 2024, down from HKD 3,562,711,000 in 2023[32] - The company's operating profit for the fiscal year ending June 30, 2024, was HKD 95 million, compared to HKD 74 million last year, driven by increased rental and interest income, partially offset by exchange losses[108] - The company reported an audited consolidated loss attributable to shareholders of HKD 262 million for the fiscal year ending June 30, 2024, compared to a loss of HKD 155 million last year, primarily due to revaluation losses on investment properties[108] - The company proposed a final dividend of HKD 0.10 per share and a special dividend of HKD 1.70 per share, bringing the total dividend for the year to HKD 3.20 per share, the same as last year[108] - The company's investment property valuation loss was non-cash in nature and did not impact the operating cash flow[108] - The company's overall financial position remains healthy[108] - Revenue for the year ending June 30, 2024, increased to HKD 269,550,000 from HKD 66,935,000 in 2023, representing a significant growth[125] - Financial income rose to HKD 63,600,000 in 2024, up from HKD 43,271,000 in 2023[125] - Operating profit for 2024 was HKD 94,839,000, compared to HKD 73,853,000 in 2023[125] - Loss attributable to shareholders after tax for 2024 was HKD 262,219,000, an increase from HKD 155,236,000 in 2023[125] - Basic and diluted loss per share for 2024 was HKD 5.79, compared to HKD 3.43 in 2023[125] - Total comprehensive loss for the year 2024 was HKD 264,496,000, compared to HKD 111,946,000 in 2023[126] - Total assets decreased to HKD 7,246,413,000 in 2024 from HKD 7,656,766,000 in 2023[128] - Net asset value as of June 30, 2024, was HKD 7,198,532,000, down from HKD 7,607,914,000 in 2023[128] - Equity attributable to shareholders decreased to HKD 7,198,532,000 in 2024 from HKD 7,607,914,000 in 2023[128] - Total equity decreased from HKD 7,607,914,000 to HKD 7,198,532,000, primarily due to a net loss of HKD 262,219,000 and exchange losses of HKD 234,905,000[130] - Operating cash flow increased to HKD 29,130,000 from HKD 25,089,000, driven by higher operating profit and reduced tax payments[131] - Net cash from investing activities surged to HKD 565,381,000, mainly due to a significant reduction in bank deposits with maturities over 3 months (HKD 525,407,000)[131] - Cash and cash equivalents increased by HKD 449,898,000, reaching HKD 1,211,925,000 at the end of the period[132] - Dividends paid amounted to HKD 144,613,000, slightly higher than the previous year's HKD 138,755,000[132] - Exchange rate fluctuations resulted in a loss of HKD 3,130,000, compared to a gain of HKD 20,247,000 in the previous year[132] - The company reported a net loss of HKD 262,219,000, compared to a profit in the previous year[130] - Interest income increased significantly to HKD 68,793,000 from HKD 35,659,000, reflecting higher cash balances[131] - The company's total reserves decreased by HKD 144,886,000, primarily due to dividend payments and property revaluation adjustments[130] - The company's rental income from investment properties in 2024 was HKD 69,550,000, compared to HKD 66,935,000 in 2023, showing a growth of approximately 3.9%[148][151] - The company's revenue from Hong Kong operations in 2024 was HKD 38,897,000, a 3.6% increase from HKD 37,552,000 in 2023[151] - Revenue from the UK operations in 2024 was HKD 30,653,000, up 4.3% from HKD 29,383,000 in 2023[151] - The company's share of joint venture revenue for the year was HKD 102,390,000, a slight increase from HKD 101,294,000 in 2023[149] - The company's operating profit in Hong Kong for 2024 was HKD 46,026,000, a significant increase of 37.8% from HKD 33,403,000 in 2023[151] - Operating profit in the UK for 2024 was HKD 48,813,000, up 20.7% from HKD 40,450,000 in 2023[151] - The company's total operating profit for 2024 was HKD 94,839,000, a 28.4% increase from HKD 73,853,000 in 2023[151] - The company's interest income in 2024 was HKD 66,351,000, a 50.9% increase from HKD 43,960,000 in 2023[154] - The company's total assets as of 2024 were HKD 7,297,658,000, a decrease of 5.3% from HKD 7,704,559,000 in 2023[152] - Operating profit for 2024 was HK$69.55 million, compared to HK$66.935 million in 2023, reflecting an increase of 3.9%[155] - Employee costs increased to HK$15.784 million in 2024 from HK$15.068 million in 2023, a rise of 4.75%[155] - Total remuneration for directors and the CEO in 2024 was HK$7.771 million, up from HK$8.055 million in 2023, a decrease of 3.5%[157][158] - The highest-paid employees (excluding directors and CEO) received a total remuneration of HK$2.964 million in 2024, compared to HK$2.784 million in 2023, an increase of 6.5%[160] - Hong Kong profits tax provision for 2024 was HK$3.69 million, up from HK$3.465 million in 2023, reflecting a 6.5% increase[161] - Overseas tax provision for 2024 was HK$3.97 million, compared to HK$3.54 million in 2023, an increase of 12.1%[161] - Basic and diluted loss per share for 2024 was HK$5.79, based on a net loss of HK$262.219 million and 45,276,856 weighted average shares outstanding[162] - The fair value of investment properties in Hong Kong decreased by HKD 142.16 million (142,160,000) in 2024, from HKD 1.58 billion (1,580,000,000) to HKD 1.44 billion (1,437,840,000)[166] - The fair value of investment properties in the UK decreased by HKD 29.96 million (29,957,000) in 2024, from HKD 534.61 million (534,611,000) to HKD 503.61 million (503,605,000)[166] - The total undiscounted rental income from operating leases for the next year is HKD 43.78 million (43,777,000) in 2024, compared to HKD 59.46 million (59,457,000) in 2023[168] - The total undiscounted rental income from operating leases for more than 5 years is HKD 10.77 million (10,766,000) in 2024, compared to HKD 19.16 million (19,159,000) in 2023[168] - The capital value per square foot for investment properties in Hong Kong ranges from HKD 5,200 to HKD 39,700 in 2024, compared to HKD 5,600 to HKD 44,700 in 2023[165] - The capitalization rate for investment properties in Hong Kong ranges from 2.8% to 4.6% in 2024, compared to 2.6% to 3.9% in 2023[165] - The market rent per square foot for investment properties in the UK ranges from GBP 4.42 to GBP 6.25 in 2024, compared to GBP 3.5 to GBP 3.83 in 2023[165] - The capitalization rate for investment properties in the UK ranges from 5.55% to 5.90% in 2024, compared to 4.98% to 5.62% in 2023[165] - The net book value of other properties revalued in 2002 is HKD 10.88 million (10,879,000) as of June 30, 2024, compared to HKD 10.92 million (10,917,000) in 2023[167] - The total accumulated depreciation for fixed assets as of June 30, 2024, is HKD 20.23 million (20,233,000), compared to HKD 16.87 million (16,869,000) in 2023[163] - The net liability value of the company's investment in associates increased to $1,311,181,000 in 2024 from $1,189,949,000 in 2023, reflecting a growth of 10.2%[174] - The total assets of the two associates, Windcharm Property Holdings Limited and Joyful Sincere Limited, increased to $6,800,340,000 in 2024 from $6,057,880,000 in 2023, a 12.3% increase[177] - The company's share of the associates' net liabilities increased to $1,313,832,000 in 2024 from $1,190,432,000 in 2023, a 10.4% rise[177] - The company's investment in listed equity securities in Hong Kong decreased to $11,534,000 in 2024 from $13,353,000 in 2023, a 13.6% decline[178] - The total accounts receivable, deposits, and prepayments decreased to $9,493,000 in 2024 from $11,963,000 in 2023, a 20.6% reduction[179] - The total accounts payable increased to $47,267,000 in 2024 from $45,451,000 in 2023, a 4.0% increase[182] - The company's current tax payable for Hong Kong profits tax increased to $3,978,000 in 2024 from $2,342,000 in 2023, a 69.9% rise[182] - The company's deferred tax assets increased to $147,469,000 in 2024 from $140,749,000 in 2023, a 4.8% increase[184] - Total equity decreased from HKD 2,427,408,000 in 2022 to HKD 2,112,227,000 in 2024, primarily due to dividend payouts and share repurchases[185] - Available distributable reserves as of June 30, 2024, were HKD 1,717,243,000, down from HKD 1,870,159,000 in 2023[192] - The company has no external loans or borrowings, maintaining a capital structure focused on equity and retained earnings[193] - The company's financial liabilities due within one year or on demand amounted to HKD 47,267,000, with accounts payable of HKD 450,000 and other payables of HKD 46,817,000[195] - The company's interest-bearing financial assets had an actual interest rate range of 3.70% to 5.55% in 2024, with a total value of HKD 1,274,405,000[196] - A 1% increase in interest rates would reduce the company's post-tax loss and increase retained profits by approximately HKD 12.7 million in 2024[197] - The company's foreign currency risk exposure in 2024 included USD 538,457,000 and GBP 15,077,000 in net recognized assets and liabilities[199] - A 10% increase or decrease in the GBP to HKD exchange rate would impact the company's post-tax loss and retained profits by approximately HKD 1.5 million in 2024[200] Corporate Governance and Board Activities - As of June 30, 2024, the company's directors and senior executives held a total of 7,206,843 shares, representing 15.92% of the issued shares, with Dr. Henry Yan holding the largest stake[14] - The company's directors, including Dr. Henry Yan and Anthony Grahame STOTT, are subject to re-election at the upcoming annual general meeting[12] - Lynne Jane ARNETT was appointed as an independent non-executive director on September 6, 2024, and confirmed her understanding of director responsibilities on August 27, 2024[90] - The board ensures independent perspectives by appointing at least three independent non-executive directors, with no performance-related equity compensation to maintain objectivity[91] - The nomination committee, chaired by Dr. Henry Yan, held one meeting during the fiscal year, with all members attending[92] - The board aims to maintain at least 14% female representation, with one female director currently serving, and seeks to increase this proportion when suitable candidates are identified[93] - The board of directors held five meetings during the fiscal year, with all executive and independent non-executive directors attending all five meetings[88][89] - All directors complied with the "Standard Code of Conduct for Securities Transactions by Directors of Listed Companies" during the fiscal year ending June 30, 2024[87] - The company adheres to high corporate governance standards, with only one deviation from the Corporate Governance Code during the reporting period[84] - The company promotes a corporate culture centered on integrity, sustainability, quality, and stability[85] Environmental, Social, and Governance (ESG) - The company supports low-carbon office initiatives and encourages employees to save electricity and paper, with regular reviews of electricity usage (kWh), electricity costs, and paper expenses[45] - The company's environmental, social, and governance (ESG) report is consistent with the 2023 ESG report, allowing for meaningful comparisons[46] - The board of directors is responsible for the formulation, implementation, and reporting of the company's ESG policies, as well as overseeing related ESG issues[47] - The company maintains open and

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不對因本文件全部或任何部分內容而產生或因倚賴有關內容 而引致的任何損失承擔任何責任。 （股份代號: 026） （於香港註冊成立之有限公司） 截至 2024 年 6 月 30 日止年度 全年業績公告 董事局主席報告書 集團業績及股息 董事局宣佈截至 2024 年 6 月 30 日止的會計年度，本集團之營業盈利為港幣 9,500 萬元，而去年則為港幣 7,400 萬元，主要反映租金收入及利息收入增加，但部份 為兌滙虧損所抵銷。而本集團經審核之股東除稅後應佔之綜合虧損為港幣 2.62億 元，而去年綜合虧損則為港幣 1.55 億元，主要反映集團及合營公司之投資物業 錄得重估虧損。投資物業估值淨虧損為非現金性質，因此對本集團的經營現金流 並無影響。集團的整體財務狀況保持健康。 董事局將於 2024 年 12 月 4 日星期三召開的股東週年常會上，建議派發末期股息 每股港幣 1 角，董事局同時建議派發特別股息每股港幣 1 元 7 角，此兩宗股息連 同本年度已派發的第一次中期股息每股港幣 1 角，特別股 ...

中 華 汽 車 有 限 公 司 2023-2024 中期報告書 股票編號 : 026 董事局（「董事局」）宣佈截至二零二三年十二月三十一日止之六個月內，中華汽 車有限公司（以下簡稱「本公司」）及其附屬公司（以下統稱「本集團」）未經審核 之綜合營業盈利為四千七百八十六萬港元，相比截至二零二二年十二月三十一 日止之六個月內為二千八百三十四萬港元。截至二零二三年十二月三十一日止 之六個月內計入集團投資物業重新估值及應佔合營企業及聯營公司業績後之除 稅後未經審核之綜合虧損為一億六千一百二十四萬港元，相比截至二零二二年 十二月三十一日止之六個月內為綜合虧損一億三千零八十六萬港元。截至二零 二三年十二月三十一日止之六個月內，投資物業重估虧損淨值為二億三千三百 五十七萬港元（包括應佔合營企業所持投資物業之重估虧損淨值），屬非現金性 質，因此並不會對本公司的營運現金流造成影響。本公司的整體財政狀況維持 穩健。此中期業績雖未經審核，但本公司之核數師及本公司之審核委員會已作 審閱。核數師之獨立審閱報告乃刊載於後頁。 綜合收益表 截至二零二三年十二月三十一日止六個月－未經審核 （下列賬項以港元計算） | --- | --- | - ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 對因本公告全部或任何部分內容而產生或因倚賴有關內容而引致的任 何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號: 026） 二零二三/二零二四年度中期業績公佈 董事局(「董事局」)宣佈截至二零二三年十二月三十一日止之六個月內，中華汽 車有限公司（以下簡稱「本公司」）及其附屬公司（以下統稱「本集團」）未經審 核之綜合營業盈利為四千七百八十六萬港元，相比截至二零二二年十二月三十一 日止之六個月內為二千八百三十四萬港元。截至二零二三年十二月三十一日止之 六個月內計入集團投資物業重新估值及應佔合營企業及聯營公司業績後之除稅 後未經審核之綜合虧損為一億六千一百二十四萬港元，相比截至二零二二年十二 月三十一日止之六個月內為綜合虧損一億三千零八十六萬港元。截至二零二三年 十二月三十一日止之六個月內，投資物業重估虧損淨值為二億三千三百五十七萬 港元(包括應佔合營企業所持投資物業之重估虧損淨值)，屬非現金性質，因此並 不會對本公司的營運現金流造成影響。本公司的整體財政狀況維持穩健。此中期 ...

中 華 宛 限 項人 二零二三年度年報 股票編號 026 目 錄 頁 | --- | --- | |------------------------|----------------| | | | | 公司資料 | = | | 股東週年常會過告 | 三至五 | | 董事局報告書 . | 六至十二 | | 環境、社會及管治報告 . | 十三至二十五 | | 企業管治報告 . | 二十六至三十三 | | 董事局主席報告書 | 三十四至三十五 | | 董事及高級行政人員簡介 | 三十六至三十七 | | 獨立核數師報告 | 三十八至四十一 | | 綜合收益表 | 四十二 | | 綜合全面收益表 | 四十三 | | 综合財務狀況表 | 四十四 | | 綜合權益變動表 | 四十五至四十六 | | 綜合現金流動表 | 四十七至四十八 | | 財務報表附註 . | 四十九至八十四 | | 財政撮要 . | 八十五 | | 集團物業 . | 八十六 | 前瞻性陳述 本文件中所包含的某些陳述可能被視為[ 前瞻性陳述] • 這些 前瞻性陳述涉及已知和未知的風險 • 不確定性及其他非本公司 所能控制的因素·可能導致本公司的實際表現或 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不對因本文件全部或任何部分內容而產生或因倚賴有關內容 而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） (股票代號：026) 截至二○二三年六月三十日止年度 全年業績公告 董事局主席報告書 主席獻辭 二○二三年是中華汽車有限公司成立 90 週年，公司於一九三三年四月二十八日 初始成立以提供香港島的專營巴士服務。公司在九○年代，已成功由一家運輸公 司蛻變為一家物業發展及投資集團。值此集團慶祝與香港社會聯繫 90週年之際， 董事局謹向所有股東、客戶、員工和其他持份者就其過往的支持表示感謝，並承 諾繼續履行為社會提供優質物業和服務，為利益相關者創造價值的使命。 集團業績及股息 董事局宣佈截至二○二三年六月三十日止的會計年度，本集團之營業盈利為港幣 7,400 萬元，而去年則為港幣 4,700 萬元，主要反映利息收入增加，但部份為兌滙 收益及租金收入下跌所抵銷。而本集團經審核之股東除稅後應佔之綜合虧損為港 幣 1.55 億元，而去年則為綜合盈利港幣 7,200 萬元，主要反映集團及合營 ...

2022 － 2023 中 期 報 告 書 股票編號 : 026 董事局宣佈截至二零二二年十二月三十一日止之六個月內，中華汽車有限公司 （以下簡稱「本公司」）及其附屬公司（以下統稱「本集團」）未經審核之綜合營業 盈利為二千八百三十四萬港元，截至二零二一年十二月三十一日止之六個月內 則為二千二百七十四萬港元。截至二零二二年十二月三十一日止之六個月內計 入集團投資物業重新估值及應佔合營企業及聯營公司業績後之除稅後未經審核 之綜合虧損為一億三千零八十六萬港元，截至二零二一年十二月三十一日止之 六個月內則為綜合盈利三千一百一十二萬港元。截至二零二二年十二月三十一 日止之六個月內，投資物業重估虧損淨值為一億八千四百八十二萬港元，屬非 現金性質，因此並不會對本公司的營運現金流造成影響。本公司的整體財政狀 況維持穩健。此中期業績雖未經審核，但本公司之核數師及審核委員會已作審 閱。核數師之獨立審閱報告乃刊載於後頁。 綜合收益表 截至二零二二年十二月三十一日止六個月－未經審核 （下列賬項以港元計算） | --- | --- | --- | --- | |------------------------------------- ...