截至2025年6月6日收盘，东风股份（600006）报收于7.3元，较上周的8.18元下跌10.76%。本周，东风 股份6月3日盘中最高价报8.44元。6月6日盘中最低价报7.23元。东风股份当前最新总市值146.0亿元，在 商用车板块市值排名8/13，在两市A股市值排名1069/5148。 东风汽车股份有限公司2025年5月份产销数据快报 2025年5月份，东风汽车股份有限公司商用车产量为11724辆，同比下降1.27%，本年累计产量56454 辆，同比下降18.48%；销量方面，当月销售10073辆，同比下降13.27%，本年累计销量59859辆，同比 下降14.45%。细分来看，轻型货车产量11225辆，同比增长8.09%，但本年累计产量53842辆，同比下降 16.34%；销量9492辆，同比下降9.51%，本年累计销量56463辆，同比下降12.21%。客车产量267辆，同 比下降78.83%，本年累计产量1875辆，同比下降52.46%；销量350辆，同比下降61.58%，本年累计销量 2582辆，同比下降45.06%。客车非完整车辆产量232辆，同比增长0.87%，本年累计产量737辆，同比下 ...

本报记者冯雨瑶刘钊 6月5日早间，重庆长安汽车股份有限公司（以下简称"长安汽车"，证券代码：000625）与东风汽车股份有限公司（以下简称"东风股份"，证券代 码：600006）分别发布公告，披露了其间接控股股东重组事项的最新进展，标志着中国汽车行业央企重组进程迈入新阶段。 长安汽车在公告中明确，其间接控股股东中国兵器装备集团有限公司（以下简称"兵器装备集团"）已获国务院批准实施分立重组。根据方案，兵器 装备集团的汽车业务将分立为一家独立中央企业，由国务院国资委直接履行出资人职责；剩余业务则注入中国兵器工业集团有限公司。此次分立 后，长安汽车的间接控股股东将变更为汽车业务分立的中央企业，但实际控制人未发生变化，公司生产经营活动不受重大影响。长安汽车表示，将 严格按照信息披露要求，持续关注重组进展并及时履行披露义务。 长安汽车董事长朱华荣此前曾公开表示，此次重组有利于公司国际化、全球化及市场化发展，将充分把握政策机遇，发挥重组带来的协同效应。尽 管重组方案已基本完成，但分立重组仍需履行法定程序，相关事项存在不确定性。 与长安汽车不同，东风股份在最新公告中明确，其间接控股股东东风汽车集团有限公司（以下简称"东风公 ...

香港电灯有限公司正兴建一台新燃气发电机组，预计于2029年投产，届时一台现有燃煤发电机组会相应 退役。至于中华电力有限公司（中电），由于大型基建发展项目（如北部都会区）所带动，预期2030年 至2031年间的用电需求会较《第九份技术备忘录》的预测上升约9%。中电将增加现有燃气发电机组的 发电量以应付新增用电需求，并将从内地输入更多零碳能源。措施均可进一步减少两电依赖燃煤发电， 从而减少污染物的排放。 发言人补充说："香港的空气质素近年持续改善，2024年录得一般空气中的二氧化硫、二氧化氮和可吸 入悬浮粒子的浓度较2004年下降约45%至88%；低能见度时数亦从2004年的高峰水平大幅降低约82%。 空气质素得到显著改善亦由于政府致力推行减少发电厂排放空气污染物的措施。电力行业在2022年的二 氧化硫、氮氧化物及可吸入悬浮粒子的排放量分别占全港总排放量的61%、27%和13%，收紧发电厂的 排放限额有助进一步改善香港及珠三角地区的空气质素。" 智通财经APP获悉，5月30日，香港特区政府在宪报刊登《指明牌照分配排放限额第十份技术备忘录》 （《第十份技术备忘录》），进一步降低发电厂在2030年及以后空气污染物的排 ...

金融界5月21日消息，上证指数上涨0.21%，中证香港300本地股指数 (HK300本地，H11167)报1419.53 点。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当中证香港300指数调整样本 时，指数样本将进行调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等 情形的处理，参照计算与维护细则处理。 本文源自：金融界 作者：行情君 从指数持仓来看，中证香港300本地股指数十大权重分别为：友邦保险（28.45%）、香港交易所 （18.89%）、中银香港（5.56%）、中电控股（5.26%）、长和（4.8%）、新鸿基地产（4.67%）、领展 房产基金（4.14%）、恒生银行（3.24%）、香港中华煤气（3.09%）、电能实业（3.09%）。 从中证香港300本地股指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300本地股指数持仓样本的行业来看，金融占比56. ...

Customer Base and Operations - The company serves approximately 20.1 million residential and commercial customers globally, providing clean, reliable, and affordable energy[6]. - The total length of the power supply network is 390,000 kilometers, while the gas and oil pipeline network spans 119,100 kilometers[15]. - UK Power Networks (UKPN) serves 8.5 million residential and commercial customers, covering over 29,000 square kilometers and accounting for about 28% of the UK's total distribution capacity[58]. - The company continues to see stable growth in its UK operations, serving up to 14 million residential and commercial customers[56]. Financial Performance - Shareholders' profit for 2024 reached HKD 6,119 million, representing an increase from HKD 6,003 million in 2023, marking a growth of approximately 1.93%[15]. - Earnings per share for 2024 was HKD 2.87, up from HKD 2.82 in 2023, reflecting a growth of 1.77%[15]. - The total equity amounted to HKD 87,076 million, a slight decrease from HKD 88,752 million in the previous year[15]. - The company reported a net profit of HKD 6.19 billion for the year ending December 31, 2024, representing a 2% increase from HKD 6.03 billion in 2023[27]. - The board proposed a final dividend of HKD 2.04 per share, maintaining the total annual dividend at HKD 2.82 per share, consistent with the previous year[28]. Investments and Acquisitions - The company is actively investing in innovative technologies to accelerate the transition to green energy, aligning with global carbon neutrality goals[7]. - The company is focused on strategic acquisitions and new development projects to ensure sustainable long-term growth[7]. - The company completed multiple acquisitions, including Phoenix Energy and UK Renewables Energy, enhancing its business portfolio and providing immediate cash flow and stable income[29]. - The company is actively expanding non-regulated projects to create additional cash flow and returns[32]. - The company is focusing on acquiring quality assets in mature energy markets, particularly those that meet sustainability objectives[38]. Renewable Energy and Sustainability - The company aims to achieve net-zero carbon emissions by 2050 as part of its climate action plan[50]. - The company is actively investing in clean hydrogen and biomethane projects in the UK and Australia, enhancing operational flexibility to accommodate renewable energy supply[37]. - The company plans to continue exploring new investment opportunities in the green sector, aligning with global decarbonization goals[37]. - The company is expanding its renewable energy portfolio, including the acquisition of a 20% stake in 32 onshore wind farms in the UK[53]. - The renewable energy generated from the wind farms avoided approximately 88,000 tons of carbon emissions[140]. Operational Efficiency and Reliability - The company maintains a power supply reliability rate exceeding 99.9999% in 2024, reflecting world-class standards[36]. - UKPN's electricity supply reliability reached 99.99% in the 2023/24 fiscal year, with London’s network being the most reliable in the UK[66]. - The company is modernizing its power grid and digitalizing operations to meet the increasing demand for electric vehicle charging and distributed renewable energy[42]. Governance and Management - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout the fiscal year ending December 31, 2024[176]. - The board consists of 12 directors, including 4 executive directors, 3 non-executive directors, and 5 independent non-executive directors[181]. - The company emphasizes a commitment to sustainable development and has outlined its policies on its website[177]. - The board's performance evaluation was conducted annually, with results reviewed in March 2025 for the fiscal year 2024[187]. - The company provides ongoing professional development training for directors to keep them updated on regulatory changes and their responsibilities[199]. Diversity and Inclusion - The board currently has one female independent non-executive director, and there are no specific targets or timelines set for further increasing gender diversity in board appointments[191]. - As of December 31, 2024, the gender distribution among employees is 67% male and 33% female, with a commitment to improving the representation of women at all levels[192]. - The company is committed to creating a diverse and inclusive work environment, although it currently does not set specific gender diversity targets for all employees[192].

智通财经APP获悉，摩根大通发布研报称，随着美国十年期国库券收益率达到约4%，并且该行的美国 经济学家预计未来可能有150个基点的降息，该行建议在当前水平吸纳长江基建集团(01038)和电能实业 (00006)。该两股份本年至今表现较指数和同行分别落后28%和17%。该行认为，这种低迷表现可能在第 二季度逆转。 该行看到三个买入理由：(1)对关税和地缘政治紧张局势的担忧可能导致资金流向防守型股票，而长江 基建和电能实业是该行覆盖的香港公用事业股票中最便宜的，收益率约5.5%至5.9%，相较于同行的约 5%;(2)宏观环境利好这两家公司，美国10年期收益率年至今下降50个基点，美元(美汇指数本年至今累 跌5%)，降息以及可能的监管重置利好。2024年下半年疲软的业绩部分由11月和12月的美元强势推动， 这种情况可能在2025年上半年逆转;(3)当前估值较该行的估计显示其监管资产价值(RAV)有约20%的折 让，比历史平均水平低约10个百分点。这与基本面不符，因为该行预测2022年至2026年间RAV将至少增 长25%，且下一次监管重置的回报率可能趋于上升。 该行的美国经济学家预测今年将降息150个基点，美国10 ...

Financial Performance - The net profit for the year ended December 31, 2024, was HKD 6.19 billion, a 2% increase from HKD 6.03 billion in 2023[3]. - The company's profit attributable to shareholders for the year ended December 31, 2024, was HKD 6,119 million, an increase from HKD 6,003 million in 2023, representing a growth of 1.93%[32]. - Total comprehensive income attributable to shareholders for the year was HKD 4,334 million, down from HKD 7,904 million in 2023, indicating a decrease of 45.56%[32]. - The group reported a basic and diluted earnings per share of HKD 2.87 for 2024, compared to HKD 2.82 in 2023, showing a modest increase[30]. - The company reported a pre-tax profit of 6,119 million for 2024, down from 6,003 million in 2023, reflecting a decrease of approximately 1.9%[49]. - Operating profit for the year was 666 million, compared to 1,131 million in 2023, reflecting a decrease of about 41%[45]. - Interest income decreased to 863 million in 2024 from 1,223 million in 2023, a decline of approximately 29%[45]. - The share of profits from joint ventures and associates increased to 6,352 million in 2024 from 6,252 million in 2023, an increase of about 1.6%[45]. Dividends - The board proposed a final dividend of HKD 2.04 per share, maintaining the total annual dividend at HKD 2.82 per share, consistent with the previous year[4]. - The proposed final dividend per ordinary share is HKD 2.04, consistent with the previous year's dividend of HKD 2.04, totaling HKD 6,010 million for the year[57]. - The annual general meeting is scheduled for May 21, 2025, with a record date for the proposed final dividend on May 27, 2025[63]. Business Contributions - The UK business contributed a total profit of HKD 3.99 billion in 2024, up from HKD 2.79 billion in 2023, driven by new acquisitions[8]. - The Australian business contributed HKD 1.43 billion in profit, slightly down from HKD 1.43 billion in 2023[9]. - HK Electric Investments recorded a profit contribution of HKD 1.038 billion in 2024, compared to HKD 1.053 billion in 2023[16]. Financial Position - The company's net debt to total capital ratio stands at a strong 44%, reflecting a solid financial foundation[7]. - The net debt to total capital ratio was 44% as of December 31, 2024, slightly up from 43% at the end of 2023[23]. - The group maintains a strong financial position with a total unutilized credit facility of HKD 1 billion as of December 31, 2024[22]. - The group's net cash level as of December 31, 2024, was HKD 228 million, down from HKD 1,140 million in 2023, indicating a significant decrease in liquidity[23]. Asset and Liability Changes - The company's non-current assets totaled HKD 90,589 million as of December 31, 2024, compared to HKD 91,343 million in 2023, reflecting a decline of 0.82%[34]. - Current assets decreased to HKD 3,488 million in 2024 from HKD 4,359 million in 2023, a reduction of 19.97%[34]. - Current liabilities increased to HKD 4,077 million in 2024 from HKD 3,249 million in 2023, marking an increase of 25.49%[34]. - The company's net assets stood at HKD 87,076 million as of December 31, 2024, slightly down from HKD 88,752 million in 2023, a decrease of 1.89%[34]. - Total assets as of December 31, 2024, amounted to 94,077 million, compared to 95,702 million in 2023, indicating a decrease of approximately 1.7%[42]. - Total liabilities for the year were reported at 7,001 million, a slight increase from 6,950 million in 2023, representing an increase of about 0.7%[42]. - The company's total liabilities decreased to HKD 2,924 million in 2024 from HKD 3,701 million in 2023, a reduction of 20.92%[34]. Operational Highlights - The operational reliability of HK Electric exceeded 99.9999% in 2024, maintaining world-class standards[16]. - The company is actively transitioning to gas-fired power generation, with gas generation now accounting for approximately 70% of total generation capacity[16]. - The company aims to retire coal-fired generation units by 2035, aligning with government carbon reduction targets[16]. - The group continues to focus on clean hydrogen and biomethane projects in its gas networks in the UK and Australia[17]. Employee Compensation - The total employee compensation, excluding directors' remuneration, reached HKD 28 million in 2024, up from HKD 27 million in 2023[28]. - Employee compensation increased slightly to 33 million in 2024 from 32 million in 2023, reflecting a growth of about 3.1%[47]. Other Financial Metrics - The company's other income decreased to 207 million in 2024 from 296 million in 2023, a decline of approximately 30%[46]. - Accounts payable measured at amortized cost increased to HKD 3,967 million in 2024 from HKD 2,896 million in 2023, representing a growth of approximately 37%[56]. - The company has no unsecured and indemnity guarantees as of December 31, 2024, compared to HKD 14.2 million in 2023[27]. - The company reported a significant foreign exchange loss of HKD 2,724 million related to operations outside Hong Kong, compared to a gain of HKD 2,446 million in 2023[32]. - The company’s cash and cash equivalents were HKD 2,733 million in 2024, down from HKD 4,201 million in 2023, a decrease of 35.00%[34]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the fiscal year ending December 31, 2024[61]. - No repurchase, sale, or redemption of the company's listed securities occurred during the year[60].

Group 1 - ZTE Corporation's stock reached a new high, hitting the daily limit on December 19, with a market capitalization exceeding 150 billion yuan [1] - The stock saw a significant increase starting from December 17, with a maximum gain of nearly 20% over three trading days [1] - ZTE is a major contributor to global 5G technology research and has diversified into several cutting-edge technology fields, including chips, operating systems, and digital energy [1] Group 2 - The company achieved a milestone by launching the world's first large-scale commercial 400G all-optical inter-provincial backbone network, connecting eight national computing hubs [2] - ZTE continues to innovate with several industry-first products, including the 5G+AI 3D tablet and various flagship smartphones [2] - There were rumors of a potential collaboration with ByteDance regarding the integration of AI models into ZTE's mobile devices, but the claims were denied by ByteDance [2][3] Group 3 - The telecommunications sector is experiencing strong interest from institutions, with a focus on the growth of gigabit services supported by clear policy expectations [5] - The telecommunications index showed a robust performance, rising over 3.2%, with several companies in the sector hitting their daily limits [6] - The AI industry is expected to accelerate in the domestic market, with significant growth anticipated in edge models and computing power [7]

Investment Rating - The report maintains an "Outperform" rating for Power Assets Holdings [3][12]. Core Views - The performance in the first half of 2024 was in line with expectations, with a profit of HK$3.006 billion, a year-on-year increase of 2% [9][12]. - The UK segment showed strong growth, with profits of HK$1.55 billion, up 10.87% year-on-year, primarily due to lower financing costs from inflation-linked debts [10][11]. - The company plans to distribute a dividend of HK$0.78 per share, unchanged from the previous year [9][12]. Financial Performance - Revenue for 2024 is projected to be HK$1.371 billion, with a net profit forecast of HK$6.176 billion [4][12]. - The diluted EPS is expected to increase from HK$2.82 in 2023 to HK$2.90 in 2024 [4][8]. - The company’s gross margin remains stable at 100% across the forecast period [8]. Business Segments - The UK segment's profitability is attributed to companies like UK Power Network and Northern Gas Networks benefiting from reduced financing costs [10]. - The Australian segment reported a profit of HK$601 million, a year-on-year increase of 7.7% [10]. - The Canadian segment experienced a significant decline in revenue due to falling electricity prices [10][11]. Mergers and Acquisitions - The company has expanded its business segments through multiple mergers and acquisitions, including the acquisition of Phoenix Energy in Northern Ireland for HK$7.4 billion [11][12]. - UKPN acquired a 69MW solar power station, and the company plans to jointly acquire 32 wind farm assets in the UK with an estimated investment of HK$3.5 billion [11][12]. Valuation and Target Price - The target price is updated to HK$52.04, corresponding to a 16 times PE ratio for 2024 [12].

Financial Performance - Net profit attributable to shareholders for the first six months of 2024 was HKD 3,006 million, a 2% increase compared to HKD 2,959 million in the same period of 2023[1] - Earnings per share for the first six months of 2024 were HKD 1.41, compared to HKD 1.39 in the same period of 2023[1] - The company reported a profit attributable to shareholders of HKD 3.006 billion for the first six months of 2024, compared to HKD 2.959 billion in the same period in 2023[26] - Basic and diluted earnings per share for the first six months of 2024 were HKD 1.41, up from HKD 1.39 in the same period in 2023[26] - The company's profit attributable to shareholders for the first half of 2024 was HK$3,006 million, a slight increase from HK$2,959 million in the same period last year[27] - Total comprehensive income attributable to shareholders for the first half of 2024 was HK$2,159 million, a significant decrease from HK$5,783 million in the same period last year[27] - Profit before tax for the group increased to HKD 3,134 million in 2024 from HKD 3,061 million in 2023, driven by higher contributions from joint ventures and associates[34] - Earnings per share (EPS) rose to HKD 1.44 in 2024 from HKD 1.39 in 2023, based on a net profit of HKD 3,060 million and 2,131,105,154 shares outstanding[38] - Pre-tax profit for the first half of 2024 was HKD 3,134 million, up from HKD 3,061 million in the same period of 2023[42] Dividends and Shareholder Returns - The interim dividend per share remains unchanged at HKD 0.78, to be paid on September 24, 2024[9] - The company declared an interim dividend of HKD 0.78 per share, totaling HKD 1,662 million for the six months ended June 30, 2024[50] - The company paid dividends of HK$4,348 million to shareholders in the first half of 2024, consistent with the amount paid in the same period last year[30] - The company declared an interim dividend of HKD 0.78 per share for 2024, payable on September 24, 2024[76] Debt and Financial Position - The company's net debt to total capital ratio is 2%, with a net debt to total capital ratio of 45% on a pro-rata basis for international investment portfolio[11] - The company's unsecured bank loans totaled HKD 2.863 billion as of June 30, 2024, a decrease from HKD 3.097 billion as of December 31, 2023[21] - The company's bank deposits and cash stood at HKD 1.48 billion as of June 30, 2024, down from HKD 4.201 billion as of December 31, 2023[21] - The company's net debt position was HKD 1.383 billion as of June 30, 2024, compared to a net cash position of HKD 1.104 billion as of December 31, 2023[22] - The company's net debt to total capital ratio was 2% as of June 30, 2024, compared to no net debt as of December 31, 2023[22] - The company's net assets as of June 30, 2024, were HK$86,563 million, down from HK$88,752 million at the end of 2023[28] - The company's total assets less current liabilities were HK$89,917 million as of June 30, 2024, down from HK$92,453 million at the end of 2023[28] - The company's non-current assets increased slightly to HK$91,558 million as of June 30, 2024, compared to HK$91,343 million at the end of 2023[28] - The company's current liabilities exceeded current assets by HK$1,641 million as of June 30, 2024, compared to a net current asset position of HK$1,110 million at the end of 2023[28] - Bank deposits and cash decreased to HKD 1,480 million as of June 30, 2024, from HKD 4,201 million at the end of 2023[41] Investments and Acquisitions - The company completed the acquisition of two UK low-carbon energy businesses, including a 20% stake in Phoenix Energy and the acquisition of UU Solar through UKPN[10] - The company, along with Cheung Kong Infrastructure and Cheung Kong Holdings, formed a consortium to acquire a UK onshore wind asset portfolio for approximately £350 million (HKD 3.5 billion), marking the company's third acquisition in 2024[18] - The acquired wind asset portfolio includes 32 wind farms across England, Scotland, and Wales, with a total installed capacity of 175 MW and a net equity capacity of 137 MW[18] - The company, along with Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited, agreed to acquire a UK onshore wind portfolio for approximately GBP 350 million (approximately HKD 3.5 billion). The portfolio includes 32 wind farms with a total installed capacity of 175 MW and a net equity installed capacity of 137 MW[54] Renewable Energy and Sustainability - The company's renewable energy portfolio in the UK includes 70 projects, with 90% of revenue coming from long-term contracts and government renewable energy subsidies[10] - Australian Gas Networks is progressing with the HyP Murray Valley hydrogen project, aiming to blend 10% hydrogen into the gas network for 40,000 homes and businesses[13] - NGN's HyDeploy22 project in the UK is supplying hydrogen-blended gas to 668 customers, supporting the net-zero transition[17] - The Sustainability Committee is chaired by the CEO and oversees the development and implementation of sustainability measures[64][65] Operational Performance - UKPN achieved a profit contribution of HKD 1.55 billion (2023: HKD 1.398 billion) in the UK market, with a customer satisfaction rate of 94.3% in 2024[12] - Australia operations contributed HKD 601 million in profit (2023: HKD 558 million), driven by strong growth in energy usage from residential and commercial customers[13] - Victoria Power Networks initiated the first phase of a major power upgrade in Melbourne to meet increased electricity demand due to population growth and EV adoption[13] - Hong Kong Electric's electricity sales increased by 1.8% year-on-year, driven by warmer weather and an extra day in February 2024[15] - Hong Kong Electric launched a new HKD 22 billion development plan (2024-2028), including a new 380 MW gas-fired combined cycle unit and grid modernization projects[15] - The proportion of natural gas in Hong Kong Electric's power generation increased to approximately 70% with the commissioning of the L12 unit in March 2024[16] - Dampier Bunbury Pipelines achieved a compressor station reliability of 99.96%, exceeding the 99% target[13] - EDL is advancing renewable and hybrid energy projects, including upgrades to Limestone and Lorain renewable gas plants and the first phase of the Agnew plant expansion[13] Financial Derivatives and Fair Value - Financial derivative assets increased to HKD 1,771 million as of June 30, 2024, from HKD 1,545 million at the end of 2023[44] - Fair value of financial derivatives classified as Level 2 increased to HKD 1,771 million as of June 30, 2024, from HKD 1,545 million at the end of 2023[46] - Fair value of forward foreign exchange contracts increased to HKD 1,153 million as of June 30, 2024, from HKD 1,060 million at the end of 2023[46] - Fair value of cross-currency swap contracts increased to HKD 589 million as of June 30, 2024, from HKD 443 million at the end of 2023[46] Corporate Governance and Committees - All directors confirmed compliance with the standard code of conduct for securities transactions as of June 30, 2024[58] - Audit Committee reviewed the unaudited consolidated financial statements for the six months ended June 30, 2024[61] - Audit Committee confirmed the effectiveness and adequacy of the risk management and internal control systems as of June 30, 2024[66] - The Audit Committee consists of 3 independent non-executive directors, chaired by Mr. Yip Yuk Keung[61] - The Nomination Committee is responsible for reviewing the board's structure, size, diversity, and talent mix[62] - The Remuneration Committee oversees the company's director and management team compensation policies[63] - The company shares internal audit functions with its associate company, HK Electric Investments Limited[66] - Internal audit functions cover financial, operational, IT reviews, fraud investigations, and compliance audits[66] - The internal audit team includes professionals from accounting, engineering, and IT fields[66] - The company has established a shareholder communication policy to facilitate effective communication through various channels, including annual general meetings, financial results, annual reports, and investor briefings[67] Shareholder and Ownership Structure - As of June 30, 2024, the company's directors and senior executives hold interests in the company's shares, related shares, and bonds, with details recorded in the company's register[68] - Beneficial owners hold 180,000 shares, representing approximately 0.01% of the company's issued shares as of June 30, 2024[69] - Li Ka-shing holds 7,870,000 share stapled units through controlled companies and trusts, representing approximately 0.08% of the issued share stapled units[70] - The Li Ka-shing Foundation holds share stapled units in HK Electric Investments and HK Electric Investments Limited, with Li Ka-shing potentially controlling one-third or more of the voting rights[71] - Li Ka-shing is deemed to have an interest in share stapled units held by TUT1 as trustee of UT1, as he is a potential beneficiary of DT1 and DT2[72] - Major shareholders include Venniton Development Inc. (7.22%), Interman Development Inc. (8.76%), Univest Equity S.A. (13.09%), and Monitor Equities S.A. (13.48%)[74] - Hyford Limited, CK Hutchison Holdings Limited, and CK Hutchison Global Investments Limited each hold 767,499,612 shares, representing 36.01% of the company's issued shares[74] - Hyford Limited holds 767,499,612 shares of the company, representing a significant portion of the issued shares[75] Cash Flow and Capital Commitments - Cash and cash equivalents decreased by HK$1,009 million in the first half of 2024, compared to a decrease of HK$1,276 million in the same period last year[30] - The company's net cash inflow from operating activities was HK$179 million in the first half of 2024, down from HK$613 million in the same period last year[30] - Net cash inflow from investing activities was HK$3,316 million in the first half of 2024, up from HK$2,459 million in the same period last year[30] - Cash flow from operating activities decreased to HKD 179 million in the first half of 2024, compared to HKD 613 million in the same period of 2023[43] - Dividends received from joint ventures increased to HKD 1,386 million in the first half of 2024, up from HKD 1,049 million in the same period of 2023[43] - The company has capital commitments of HKD 1 million for property, plant, and equipment as of June 30, 2024[51] - The company provided guarantees amounting to HKD 68 million for joint ventures as of June 30, 2024[51] Interest Income and Financial Costs - Interest income declined to HKD 454 million in 2024 from HKD 662 million in 2023, reflecting lower returns from financial assets[35] - The company earned interest income of HKD 384 million from loans to joint ventures for the six months ended June 30, 2024[52] - The company earned interest income of HKD 70 million from loans to associates for the six months ended June 30, 2024[53] - Financial costs for the period remained stable at HKD 80 million in 2024, consistent with HKD 76 million in 2023, as the group maintained its debt structure[36] Tax and Other Expenses - Tax expenses for the period increased to HKD 128 million in 2024 compared to HKD 102 million in 2023, mainly due to higher current tax provisions[37] - The company's total employee compensation expenses for the first six months of 2024 were HKD 14 million, up from HKD 13 million in the same period in 2023[25] Joint Ventures and Associates - The group's share of profits from joint ventures and associates increased to HKD 2,725 million in 2024 from HKD 2,387 million in 2023, reflecting improved performance in key markets[34] - Joint venture equity increased to HKD 61,946 million as of June 30, 2024, compared to HKD 61,669 million at the end of 2023[40] - The company received service fees of HKD 22 million from an associate for the six months ended June 30, 2024[53] Market Capitalization and Credit Rating - The company's market capitalization as of June 30, 2024, was HKD 90.039 billion[7] - The company's credit rating was reaffirmed by Standard & Poor's as "A/Stable"[11] Property, Plant, and Equipment - Property, plant, and equipment (PPE) net book value decreased to HKD 17 million in 2024 from HKD 19 million in 2023, primarily due to depreciation charges[39] Share Repurchase and Redemption - No repurchase, sale, or redemption of the company's listed securities occurred in the first half of 2024[77] Consolidated Financial Position of Affiliated Companies - The consolidated financial position of affiliated companies as of June 30, 2024, shows non-current assets of HKD 400,709 million and current assets of HKD 23,630 million[79] - The group's combined attributable interests in affiliated companies amounted to HKD 54.256 billion as of June 30, 2024[79] Revenue and Segment Performance - Revenue from reportable business segments decreased to HKD 454 million in 2024 from HKD 662 million in 2023, primarily due to lower income from investments in the UK and Australia[34] - The UK segment contributed HKD 1,550 million to the group's profit in 2024, up from HKD 1,398 million in 2023, driven by strong performance in joint ventures[34] - The Australia segment's profit decreased to HKD 601 million in 2024 from HKD 558 million in 2023, impacted by higher financial costs[34] Valuation of Non-Listed Equity Securities - The company's non-listed equity securities are valued using a dividend discount model, with a cost of capital of 13.65%. A 0.5% increase or decrease in the cost of capital would result in a change in the group's profit and reserve of approximately HKD 13 million to HKD 14 million[48]