Financial Performance - The company reported external revenue of HKD 74,794,000, with property investment contributing HKD 69,939,000[7] - The segment performance showed a profit of HKD 24,788,000, with property investment yielding HKD 27,968,000 and property development showing a loss of HKD 4,699,000[7] - The company recorded a pre-tax profit of HKD 158,988,000, with significant contributions from joint ventures amounting to HKD 169,361,000[7] - The company recorded a consolidated profit attributable to shareholders of HKD 157 million for the year ended December 31, 2023, down from HKD 489 million in 2022, primarily due to a decrease in profit contributions from joint ventures[24] - Total profit for the year was HKD 156,158,000, a significant decrease of 67.9% from HKD 487,644,000 in the previous year[50] - The basic and diluted earnings per share for the company were HKD 7.9, down from HKD 24.5 in 2022, reflecting a decline of 67.8%[39] - The share of profits from joint ventures was HKD 169,361,000, a decrease of 69.1% from HKD 550,340,000 in the previous year[39] - The company reported a net loss of HKD 182,910,000 in other comprehensive income for the year, compared to a loss of HKD 1,101,981,000 in 2022[50] - The total comprehensive loss for the year was HKD 26,752,000, compared to a loss of HKD 614,337,000 in the previous year[50] Revenue and Expenses - Revenue from customer contracts for project management services was HKD 1,408 million in 2023, a decrease of 23% from HKD 1,827 million in 2022[14] - Revenue from operating lease property rental was HKD 7,457 million in 2023, down from HKD 7,777 million in 2022[14] - Interest income reached HKD 65,927,000, while financing costs were HKD 26,556,000[7] - Interest income increased to HKD 65,927 million in 2023 from HKD 61,660 million in 2022, reflecting a growth of approximately 3.6%[14] - The financing costs increased to HKD 26,556,000 from HKD 11,096,000, representing a rise of 139.5% year-over-year[39] - Administrative expenses rose to HKD 34,429,000 from HKD 33,582,000, indicating a year-over-year increase of 2.5%[39] - The group’s other operating expenses decreased to 19,000 thousand HKD in 2023 from 20,000 thousand HKD in 2022[73] Assets and Liabilities - The total assets amounted to HKD 11,158,084,000, with property investment assets at HKD 169,860,000 and financial investment assets at HKD 121,477,000[7] - The company reported a total liability of HKD 529,092,000, with segment liabilities from property investment at HKD 470,429,000[7] - The total assets of the company remained stable at HKD 11,200 million as of December 31, 2023, unchanged from December 31, 2022[29] - The total liabilities as of December 31, 2023, were HKD 500 million, consistent with the previous year[29] - The company’s cash and cash equivalents decreased to HKD 100 million in 2023 from HKD 200 million in 2022[29] - The net asset value decreased to 10,628,992 thousand HKD in 2023 from 10,697,719 thousand HKD in 2022, a decline of 0.64%[79] - As of December 31, 2023, the company's bank loans amounted to HKD 466,000,000, up from HKD 456,000,000 in 2022, with a capital debt ratio of 4.4%[105] Market and Strategic Initiatives - The company plans to expand its market presence, particularly in mainland China, where it reported significant revenue growth[10] - The company is focusing on new product development and technology advancements to enhance its competitive edge in the market[10] - The company plans to propose a final dividend of HKD 0.01 per share for the year ended December 31, 2023, totaling approximately HKD 20 million, compared to no interim dividend in 2022[32] - The company completed the acquisition of a 26.24% stake in Healthway Medical Corporation, expanding its healthcare network to over 130 clinics in Singapore[102] - The company plans to utilize interest rate swaps to manage interest rate risk associated with its bank loans[105] Operational Highlights - The company’s investment in properties includes a new hospital in Changshu, which opened in May 2023, providing quality medical services in the region[102] - OUE REIT's Singapore portfolio showed strong performance, driven by the full operation of 1,080 rooms at the Hilton Orchard Singapore since January 2023[117] - Changi Airport Crown Holiday Inn completed asset enhancement measures costing SGD 22 million, with 575 rooms now operational, ready to capitalize on the expected increase in travelers in 2024[117] - The committed occupancy rate for Singapore office properties was stable at 95.2% as of December 31, 2023, with retail rental renewal rates increasing by 29.8% in Q4 2023[117] - The First REIT, in which the group holds approximately 44.71% equity, focuses on healthcare-related real estate, with 32 properties including 14 nursing homes in Japan and 11 hospitals in Indonesia[118] Employment and Corporate Governance - The group had 27 full-time employees as of December 31, 2023, with employee costs amounting to HKD 23 million for the year[122] - The company has established an audit committee to review accounting principles and financial reporting matters for the year ended December 31, 2023[126]
香港华人有限公司(00655) - 2023 - 年度业绩