信和置业(00083) - 2021 - 年度财报

Financial Performance - The company's revenue for the year 2021 was HKD 24.55 billion, a significant increase from HKD 5.89 billion in 2020, representing a growth of approximately 317%[5] - The underlying operating profit for 2021 was HKD 10.32 billion, compared to HKD 4.56 billion in 2020, marking an increase of about 126%[5] - The profit attributable to shareholders for 2021 was HKD 9.65 billion, up from HKD 1.69 billion in 2020, reflecting a growth of approximately 471%[5] - Basic earnings per share for 2021 were HKD 1.43, compared to HKD 0.66 in 2020, indicating an increase of around 115%[5] - The total equity attributable to shareholders increased to HKD 155.16 billion in 2021 from HKD 144.92 billion in 2020, representing a growth of about 7.9%[7] - The company declared a final dividend of HKD 0.41 per share for 2021, consistent with the previous year's dividend[5] Property Sales and Development - Total property sales revenue for the fiscal year was HKD 20.239 billion, significantly up from HKD 8.639 billion the previous year[13] - The group achieved a total property sales revenue (including joint ventures) of HKD 20.433 billion, compared to HKD 2.372 billion in the previous year[15] - The group plans to launch multiple new residential projects, with three expected to receive pre-sale consent in the fiscal year 2021/2022[15] - The group reported a significant increase in property sales from the sale of residential units in various projects, including 78.1% sold in the third phase of Xinhui • Yulong Tianxia[13] - The project "133 Portofino" has sold approximately 66.7% of its residential units, generating total sales revenue exceeding HKD 700 million[43] - The "Kai Tak" project has achieved a total sales revenue of HKD 24.1 billion, with approximately 92.8% of the residential units sold[46] Financial Management and Assets - Non-current assets for 2021 were HKD 106.91 billion, while current assets were HKD 74.81 billion, leading to a total asset value of HKD 163.75 billion[7] - The company reported a total liability of HKD 6.94 billion in non-current liabilities for 2021, a decrease from HKD 8.65 billion in 2020[7] - As of June 30, 2021, the group had cash and bank deposits of HKD 44.134 billion, resulting in a net cash position of HKD 38.883 billion after deducting total borrowings of HKD 5.258 billion[27] - The group’s total assets and total equity amounted to HKD 181.752 billion and HKD 155.519 billion, respectively, as of June 30, 2021[27] Sustainability and Corporate Governance - The company is focused on sustainable development and corporate governance as part of its long-term strategy[6] - The group has been recognized in the Hang Seng ESG 50 index and has received multiple awards for its environmental, social, and governance (ESG) performance[30] - The group aims to achieve net-zero carbon emissions by 2050 and is collaborating with Hong Kong University of Science and Technology to set science-based reduction targets[30] - The company has converted a HKD 1 billion five-year loan into a sustainability-linked loan, marking its first financing arrangement directly related to sustainable development goals[25] - The sustainability report is prepared according to the GRI Standards and the TCFD recommendations, reflecting the company's commitment to transparency[127] Employee Engagement and Training - The group employed approximately 7,000 full-time employees as of June 30, 2021[109] - The group provided 123,000 hours of training during the 2020/2021 fiscal year, focusing on customer service quality and digital innovation[112] - The group launched the "Youth Leap Program" to train young talents in property management, providing comprehensive training over one month[114] - The employee mobile application "信誌" has an 80% download rate among Hong Kong employees, enhancing internal communication[110] - The group received multiple awards for workplace culture and employee engagement, including "Excellence in Workplace Culture" and "Best Companies to Work For in Asia 2021"[111] Risk Management and Internal Control - The company has adopted a corporate risk management system to assist in identifying, assessing, and managing significant risks[156] - The internal control system is based on a strong ethical environment, with a code of conduct established to prevent bribery and conflicts of interest[156] - The audit committee reviews the effectiveness of the risk management and internal control systems at least once a year, covering all significant control measures[161] - The internal audit department conducts annual risk assessments and develops a three-year internal audit plan for the audit committee's approval[159] - The company employs a risk classification system to identify, categorize, and document various risks across all business units[188] Community Engagement and Social Responsibility - The "One Happy Farming" project has expanded to seven farms in Hong Kong and one in Singapore, covering over 27,000 square feet, promoting sustainable development and biodiversity[120] - Over 490 volunteer activities were organized by the group, with more than 1,070 volunteers serving over 17,900 individuals in need[140] - The "Love Meal Box Donation Program" distributed over 60,000 nutritious meal boxes to those in need during a six-month initiative[140] - The company has launched the "One Person, One Computer" initiative, supporting over 1,000 underprivileged students[131] - The company actively participates in community service and environmental activities to build a better community[120] Board Governance and Structure - The board established four committees: the Remuneration Committee, Nomination Committee, Audit Committee, and Compliance Committee, each with specific responsibilities[145] - The company maintains a three-year term for all non-executive directors, with one-third of the board members required to retire annually at the annual general meeting[148] - The company has established a formal and transparent procedure for setting remuneration policies, considering factors such as compensation in comparable companies[150] - The board promotes an open and proactive discussion culture to ensure effective contributions from non-executive directors[145] - The company has established a communication policy to handle inquiries from shareholders effectively[181]