Corporate Governance and Leadership - Tan Bingzhao, aged 60, has been the Executive Director, Chairman of the Board, and CEO since December 2, 2017, and has extensive experience in property development and investment in China[25] - Deng Xiangping, aged 60, has been an Executive Director since December 2, 2017, with extensive experience in the real estate development and construction industry[26] - Yan Guohao, aged 38, was appointed as an Executive Director on March 31, 2023, with extensive experience in the real estate development industry[27] - Hu Desheng, aged 58, was appointed as an Executive Director on March 20, 2024, with extensive experience in real estate development and cultural tourism industries[28] - Dr. Lin Jinying, aged 61, has been an Independent Non-Executive Director since December 2, 2017, and holds a Ph.D. in Food Engineering from South China University of Technology[30] - Dr. Lu Zhenghua, aged 61, has been an Independent Non-Executive Director since December 2, 2017, and is a non-practicing member of the Chinese Institute of Certified Public Accountants[31] - Dr. Ye Hengqing, aged 52, has been an Independent Non-Executive Director since December 2, 2017, and is a professor at the Hong Kong Polytechnic University[33] Financial Performance and Revenue - Revenue from China property development increased from HKD 393 million to HKD 2,087 million, a 431% increase, with delivery area rising from 70,300 sqm to 282,200 sqm[66][72] - The company recorded a total revenue of HKD 2,230 million, a 285% increase compared to the previous year, primarily driven by property development sales[71] - China property development segment contributed a profit of HKD 183 million after deducting impairment losses on properties under development and completed properties held for sale[66] - Emerson's revenue increased by 29% from HKD 55 million to HKD 71 million, driven by higher demand for audio and home products, though the segment recorded a loss of HKD 26 million[67][71] - The company achieved a net profit attributable to owners of HKD 132 million, compared to a net loss of HKD 87 million in the previous year[71] - Contract sales for the year amounted to RMB 886 million, with 110,500 sqm sold at an average price of RMB 8,000 per sqm, down from RMB 1,728 million and 201,900 sqm in the previous year[86] - The company completed the sale of the Ningbo project in May 2023, recording a gain of HKD 28 million[71] - Other income of HKD 24 million was recognized from the settlement of an Emerson-related lawsuit[71] Business Operations and Strategy - The company's main business is investment holding, with the main businesses of its subsidiaries detailed in Note 40 of the consolidated financial statements[37] - The company's land reserve at the end of the year remained stable at 72,400 sqm of gross floor area and 55,400 sqm of saleable area[79] - The company plans to focus on existing property development projects, strengthen cost control, and expand distribution channels for Emerson in the US[68][69] Corporate Social Responsibility and Agreements - No charitable donations were made by the company during the year (Corresponding year: none)[22] - No stock-linked agreements were entered into by the company during the year or the corresponding year, and none were in place as of March 31, 2024, or March 31, 2023[22]
敏捷控股(00186) - 2024 - 年度财报