SHKP Quarterly

The Group announces 2019/20 annual results 集團公佈 2019/20 年度全年業績 The Group’s underlying profit attributable to the company’s shareholders for the year ended 30 June 2020, excluding the effect of fair-value changes on investment properties, amounted to HK$29,368 million. Underlying earnings per share were HK$10.13. The directors have recommended the payment of a final dividend of HK$3.70 per share. Together with the interim dividend of HK$1.25 per share, the dividend for the full year will be HK$4.95 per share, the same as last year. Revenue from property sales for the year under review as recorded in the financial statements, including revenue from joint-venture projects, amounted to HK$41,264 million. Profit generated from property sales was HK$18,377 million. The Group achieved contracted sales of about HK$44,100 million for the year in attributable terms amid the outbreak of COVID-19. Gross rental income, including contributions from joint-venture projects, dropped 3% year-on- year to HK$24,214 million, and net rental income decreased 6% year-on-year to HK$18,565 million. The performance was negatively affected by local social incidents and the subsequent outbreak of COVID-19 during the year, especially for shopping malls. Prospects With undaunted confidence in the city’s long- term prospects, the Group will continue to focus on land acquisitions and property developments in Hong Kong as well as major cities on the mainland. New projects will continue to be launched for sale. However, the performance of the property investment portfolio, in particular the shopping malls, will inevitably be affected by the sluggish economy and the lingering pandemic. The Group has been making additional efforts to raise the level of hygiene standards at its premises. It will also capitalize on its extensive operations network and join hands with its tenants to promote traffic and sales in its malls through creative marketing campaigns. In addition, the Group will continue to expand its diversified property investment portfolio. Large-scale integrated developments under way include an integrated landmark project atop the High Speed Rail West Kowloon Terminus in Hong Kong, ITC in Shanghai and Jianghehui project in Hangzhou. Completions over the next two to three years include an office-cum-retail project in Kwun Tong, an extension of YOHO Mall in Yuen Long, offices at Nanjing Two IFC along with Andaz Nanjing, and the first office tower at the remaining phase of ITC in Shanghai. The local economy will continue to face internal and external challenges. Despite this, on the back of Hong Kong’s unique strength of ‘One Country, Two Systems’ and favourable international competitiveness, coupled with growth impetus from the Greater Bay Area development amid promising future prospects of the mainland, the Group firmly believes that Hong Kong will prosper as in the past over the long term. 集團公佈截至 2020 年 6 月 30 日止年度， 在撇除投資物業公平值變動的影響後， 可撥歸公司股東基礎溢利為 293.68 億港 元；每股基礎溢利為 10.13 港元。董事 局議決派發末期股息每股 3.7 港元，連同 中期股息每股 1.25 港元，全年每股派息 4.95 港元，與上年度全年派息相同。 回顧年內，連同合作項目的收入，財務 報表錄得的物業銷售收入為 412.64 億港 元。來自物業銷售的溢利為 183.77 億港 元。在 2019 冠狀病毒疫情爆發下，按所 佔權益計算，集團在年內錄得合約銷售 額約 441 億港元。連同合作項目租金收 入計算，集團年內的總租金收入按年下 跌 3% 至 242.14 億港元，淨租金收入按 年下跌 6% 至 185.65 億港元。年內，由 於本地社會事件及之後 2019 冠狀病毒疫 情爆發，集團的租金收入，特別是商場 的表現受到影響。 展望 集團對香港的長遠前景充滿信心，將繼 續專注在香港和內地主要城市購入土 地及發展物業。集團將繼續推售新項 目。然而物業投資組合的表現，尤其是 商場，無疑將受經濟疲弱及疫情持續所 影響。集團一直加強措施，提高旗下物 業的衛生標準，同時善用廣泛的業務網 絡，與租戶攜手，以創意的市場推廣帶 動人流和銷售額。此外，集團將繼續擴 大其多元化的物業投資組合，興建中的 大型綜合項目包括香港高鐵西九龍總站 上蓋的綜合地標項目、上海 I TC 及杭州 江河匯項目。在未來兩至三年落成的項 目包括觀塘的辦公樓兼零售項目、元朗 形點的擴建部分、南京國金中心二期辦 公樓和南京安達仕酒店以及上海市 I TC 余下一期的第一幢辦公樓。 雖然香港經濟面對着內外的挑戰，但憑 着“一國兩制”的獨特優勢及良好的國 際競爭力，加上內地的未來前景穩健， 以及大灣區發展帶來的增長動力，長遠 而言，集團堅信香港將如過往一樣蓬勃 發展。 Group Chairman & Managing Director Raymond Kwok (centre) and top management respond to questions from analysts 集團主席兼董事總經理郭炳聯（中）與 管理團隊解答分析員提問 集團動向 Vol 97 • Q3 2020 • SHKP Quarterly 20