信和置业(00083) - 2024 - 年度业绩

Financial Performance - For the fiscal year ending June 30, 2024, the group's underlying profit attributable to shareholders was HKD 5.171 billion, a decrease of 25% from HKD 6.088 billion in the previous fiscal year[1]. - The group's total property sales revenue was HKD 8.893 billion, down 25% from HKD 11.937 billion in the previous fiscal year[4]. - The group's revenue for the year ended June 30, 2024, was HKD 8,765 million, a decrease from HKD 11,881 million in 2023, representing a decline of approximately 26.5%[29]. - The net profit for the year was HKD 4,251 million, down from HKD 5,880 million in the previous year, indicating a decrease of about 27.7%[30]. - The basic earnings per share for the year were HKD 0.52, down from HKD 0.73 in 2023, reflecting a decrease of approximately 28.8%[29]. - The total comprehensive income for the year was HKD 4,238 million, compared to HKD 5,396 million in the previous year, a decline of about 21.5%[30]. - The company's segment profit for the year 2024 was HKD 4,608 million, a decrease from HKD 6,849 million in 2023[38]. - Revenue from external customers in Mainland China and Hong Kong was HKD 7,724 million in 2024, down from HKD 10,907 million in 2023, representing a decline of approximately 29.97%[39]. Property and Rental Performance - The total rental income for the fiscal year was HKD 3.555 billion, an increase of 1.3% from HKD 3.505 billion in the previous fiscal year[9]. - The net rental income decreased by 2.5% to HKD 2.911 billion from HKD 2.986 billion in the previous fiscal year[9]. - The overall occupancy rate of the investment property portfolio was 90.8%, a decrease of 0.4 percentage points from the previous year[9]. - The group sold 6.8% of the new residential project at Hoi Ying Shan and 34.9% of the new project at Kai Pak Fung III during the fiscal year[4]. - The group is focusing on maintaining existing rental levels for office properties amid a challenging market, with strategies including lease restructuring and offering additional incentives[10]. - The group anticipates a gradual recovery in commercial activity and office space demand, supported by government talent import programs and economic integration initiatives[10]. Land and Development - The group has land reserves of approximately 19.5 million square feet, with a balanced property type distribution: 47.5% commercial, 28.3% residential, 10.2% industrial, 8% parking, and 6% hotel[5]. - The group acquired two plots of land in Hong Kong, totaling an attributable floor area of 806,150 square feet during the fiscal year[6]. - The group has approximately 3.5 million square feet of land reserves in mainland China, with around 2 million square feet being development projects[13]. - The group plans to launch multiple new projects, including ONE CENTRAL PLACE in Central and PARC LUNG III in Yuen Long, which have received pre-sale consent[4]. Hotel Operations - The group's hotel operating revenue for the fiscal year was HKD 15.27 billion, up from HKD 13.76 billion last year, with an operating profit of HKD 4.87 billion compared to HKD 4.51 billion in the previous year[11]. - The occupancy rate for the group's hotels in Hong Kong has increased, particularly at the Hong Kong Harbour Grand Hotel, driven by business and leisure travelers[12]. Sustainability and Corporate Governance - The company was recognized as one of the world's most sustainable companies by Time magazine and Statista for 2024[18]. - The company achieved a five-star rating in the 2023 Global Real Estate Sustainability Benchmark (GRESB) assessment[18]. - The company received an "AA" rating in the MSCI Environmental, Social, and Governance (ESG) index[18]. - The company launched the "Coral Restoration Center," which has hosted over 2,800 local and international visitors[22]. - The company established the "Sino Inno Lab" to support innovation and technology development in the Northern Metropolis area[23]. - The company was awarded the "Best ESG Report Award (Large Cap)" at the 2023 Hong Kong ESG Reporting Awards[19]. - The company has been certified for its short-term science-based targets by the Science Based Targets initiative[21]. - The company is a founding member of the International Financial Reporting Standards (IFRS) Sustainability Alliance[20]. - The company distributed over 2,000 festive gift packs to underprivileged families during the Mid-Autumn Festival[24]. - The company was recognized as a top employer for women by receiving the Women's Workplace Index Gold Award[22]. - The group emphasizes strong corporate governance and transparency through various channels, including press releases and investor seminars[15]. - The board has adopted a corporate governance code based on the Hong Kong Stock Exchange Listing Rules and has complied with all relevant provisions during the fiscal year[52]. Market Outlook and Economic Factors - The number of inbound tourists to Hong Kong is expected to reach approximately 42.3 million from July 1, 2023, to June 30, 2024, compared to 13.4 million last year, indicating a significant recovery in the tourism sector[12]. - Over 320,000 applications for talent entry programs were received by the Hong Kong government by the end of June 2024, with more than 60% approved, resulting in approximately 130,000 talents settling in Hong Kong[25]. - The central government increased the tax-free allowance for mainland travelers bringing goods from Hong Kong from RMB 5,000 to RMB 12,000, which, along with shopping allowances, totals RMB 15,000, benefiting the tourism-related industries in Hong Kong[25]. - The group maintained a cautious optimism regarding the residential property market, anticipating that an influx of talent and rising rental yields will support demand and enhance buyer confidence[26]. Financial Position and Assets - The group maintains a strong financial position with cash and bank deposits of HKD 46.41 billion and net cash of HKD 45.58 billion as of June 30, 2024[14]. - Total non-current assets as of June 30, 2024, amounted to HKD 109,909 million, a slight decrease from HKD 111,629 million in 2023, representing a decline of approximately 1.9%[31]. - Current assets increased to HKD 70,435 million in 2024 from HKD 67,641 million in 2023, reflecting a growth of about 4.2%[31]. - Total liabilities decreased from HKD 10,902 million in 2023 to HKD 7,818 million in 2024, indicating a reduction of approximately 28.5%[31]. - The company's equity attributable to shareholders rose to HKD 165,790 million in 2024 from HKD 162,349 million in 2023, marking an increase of about 2.8%[32]. Future Plans and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer experience[35]. - The company is focused on strategic acquisitions to bolster its portfolio and enhance shareholder value in the coming years[35]. - The company plans to continue focusing on market expansion and new product development to enhance future growth prospects[39].