Financial Performance - For the six months ended June 30, 2023, CK Infrastructure Holdings Limited reported a profit attributable to shareholders of HKD 4.239 billion, a year-on-year decrease of 4% due to weaker foreign currency performance against the HKD and rising financial costs. In local currency terms, the performance grew by 4%[2]. - The unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 4.423 billion, representing a decrease of 4.7% compared to HKD 4.632 billion for the same period in 2022[26]. - The profit attributable to shareholders for the six months ended June 30, 2023, was HKD 4,485 million, compared to HKD 4,647 million in 2022, showing a decrease of 3.5%[36]. - Earnings per share for the period was HKD 1.68, down from HKD 1.75 in the previous year, reflecting a decline of 4%[27]. - Earnings per share for the period was HKD 4.23 billion, down from HKD 4.40 billion in 2022, reflecting a decline of 3.9%[38]. - Total revenue for the six months was HKD 19.534 billion, a decrease of 2.7% from HKD 20.079 billion in the prior year[27]. - The share of results from joint ventures was HKD 2.047 billion, slightly down from HKD 2.069 billion, indicating a decrease of 1.1%[27]. - The total tax expense for the six months ended June 30, 2023, was HKD 50 million, a decrease from HKD 53 million in the same period of 2022, indicating a decline of 5.7%[35]. Dividends - The interim dividend declared is HKD 0.71 per share, representing a 1.4% increase from HKD 0.70 per share in the same period last year[3]. - The company declared an interim dividend of HKD 0.71 per share, to be paid on September 13, 2023[26]. - The interim dividend declared was HKD 1,789 million, slightly up from HKD 1,764 million in the same period of 2022, representing an increase of 1.4%[39]. Business Contributions - The contribution from Power Assets Holdings was HKD 1.066 billion, an increase of 3% year-on-year, with a 7% growth in local currency terms[5]. - The UK infrastructure business contributed HKD 1.592 billion, a decrease of 5% year-on-year, impacted by regulatory resets and a weak GBP against HKD; in local currency, the contribution remained stable[6]. - The Australian infrastructure business reported a profit contribution of HKD 826 million, down 18% year-on-year, primarily due to regulatory resets and a weak AUD against HKD; in local currency, the contribution decreased by 13%[8]. - The Canadian infrastructure business saw a profit contribution of HKD 402 million, a 31% increase year-on-year, with a 40% increase in local currency terms, driven by strong performance from Canadian Power and Park'N Fly[11]. - The New Zealand infrastructure business reported a profit contribution of HKD 72 million, down 5% year-on-year, attributed to a weak NZD against HKD; in local currency, the contribution increased by 2%[12]. - The Hong Kong and Mainland China business contributed HKD 102 million, a decrease of 13% due to reduced traffic on toll roads and lower sales in the Hong Kong cement business[13]. Financial Position - As of June 30, 2023, CK Infrastructure maintained a strong financial position with cash holdings of HKD 12 billion and a net debt to total capital ratio of 9%[14]. - The company continues to receive a credit rating of "A/stable" from Standard & Poor's, indicating robust financial health[14]. - As of June 30, 2023, the total cash and deposits of the group amounted to HKD 12.05 billion, while total loans were HKD 25.67 billion, including HKD 2.67 billion in HKD loans and HKD 22.93 billion in foreign currency loans[17]. - The net debt to total net capital ratio as of June 30, 2023, was 9%, slightly higher than the 7% level at the end of 2022, calculated based on net debt of HKD 13.55 billion and total net capital of HKD 146.74 billion[17]. - As of June 30, 2023, the total assets less current liabilities amounted to HKD 156.877 billion, an increase from HKD 153.599 billion at the end of 2022[28]. - The net cash balance decreased to HKD 12.053 billion from HKD 18.045 billion, a decline of 33.3%[28]. - The group's non-current assets totalled HKD 152.543 billion, up from HKD 146.342 billion at the end of 2022, reflecting a growth of 4.8%[28]. - As of June 30, 2023, the group had contingent liabilities totaling HKD 953 million, including guarantees for bank loans of an associate company[19]. Operational Efficiency - The group employed 2,418 staff, with employee expenses (excluding directors' remuneration) amounting to HKD 516 million[20]. - Operating costs decreased to HKD 1,655 million for the six months ended June 30, 2023, down from HKD 1,723 million in 2022, reflecting a reduction of 3.9%[33]. - The company reported a decrease in construction materials sales to HKD 981 million from HKD 1.118 billion, a decline of 12.3%[31]. - Other income increased significantly to HKD 350 million for the six months ended June 30, 2023, compared to HKD 39 million in the same period of 2022, representing a growth of 798.7%[32]. Strategic Initiatives - The group continues to seek new investment opportunities in environmental sustainability while driving carbon reduction initiatives[16]. - The group’s regulated business revenue and asset base are linked to inflation, providing resilience against current high inflation impacts[16]. - The group maintains a prudent financial management strategy, balancing sustainable growth with ideal debt levels[16]. - The group has a strong financial foundation and a strategic alliance with CK Hutchison and Power Assets, enabling quick access to quality global investment opportunities[16]. - The group is actively promoting hydrogen energy to achieve net-zero emissions targets through its gas networks[17]. - The group’s financing projects continue to perform well, receiving strong support from the banking sector[17].

Financial Performance - For the year ended December 31, 2022, CK Infrastructure Holdings Limited recorded a profit attributable to shareholders of HKD 7,748 million, representing a 3% increase compared to the previous year[15]. - The infrastructure investment portfolio's contribution increased by 16% year-on-year when measured in local currencies[14]. - The company declared an interim dividend of HKD 1,764 million and a proposed final dividend of HKD 4,611 million, totaling HKD 6,375 million in dividends for the year[12]. - The company's earnings per share for 2022 was HKD 3.08, up from HKD 2.98 in 2021[12]. - The total liabilities decreased to HKD 36,485 million from HKD 37,152 million in the previous year[12]. - The group reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 15% year-over-year growth[1]. - The group has maintained a diverse portfolio, with operations spanning multiple countries and sectors, indicating a strategic approach to market expansion[178]. Financial Stability - The net debt to total equity ratio is 7%, indicating a stable financial position as rated by Standard & Poor's[5]. - The company’s cash balance stood at HKD 18 billion, reflecting strong liquidity[4]. - As of December 31, 2022, the group held cash of HKD 18 billion, with a net debt to total equity ratio of 7%[26]. - The group's net debt to total net capital ratio was 7.3% as of December 31, 2022, down from 14.7% at the end of 2021, attributed to cash flow from investment activities and proceeds from the sale of joint venture interests[126]. Business Strategy and Growth - CK Infrastructure's long-term development strategy focuses on expanding its infrastructure investments globally despite macroeconomic challenges[15]. - The company has a diversified business model, including investments in energy, transportation, water treatment, and waste management across various regions including the UK, Australia, and Canada[2]. - The company aims to enhance internal growth and implement strategies that adapt to changing business environments[45]. - The company is exploring strategic acquisitions to enhance its market presence, targeting a 15% increase in market share by 2024[136]. - The company is focused on maintaining robust cash flow and low debt levels to capitalize on emerging acquisition opportunities[47]. Operational Performance - The contribution from infrastructure business increased by 7% year-on-year, with a 16% rise in local currency terms[16]. - Power Assets' profit contribution was HKD 2.033 billion, down 8% year-on-year, primarily due to rising financial costs and reduced overseas contributions from currency weakness[18]. - The UK business contributed HKD 3.369 billion, a 29% increase, driven by a one-time gain from the sale of a 13% stake in Northumbrian Water, despite rising financial costs and currency fluctuations[19]. - The Canadian business saw a significant profit contribution increase of 30% to HKD 617 million, with a 33% rise in local currency terms, supported by strong performance in the energy market[23]. - The company faced challenges in 2022 due to inflation, including rising material, logistics, and labor costs, but managed to maintain stable service across regulated and non-regulated businesses[36]. Sustainability and Innovation - The group is committed to innovative sustainable development practices, including carbon capture and renewable energy projects[27]. - The company is actively promoting energy-efficient solutions, including zero-carbon energy housing solutions in collaboration with the Zero Carbon Committee[122]. - The group has set a carbon reduction target to decrease Scope 1 and Scope 2 emissions by 50% from 2020 levels by 2035, with a commitment to achieve net-zero emissions by 2050[179]. - The group is committed to sustainable practices within its operations, particularly in the energy and waste management sectors[166][168][170][171][172][174][176][177]. Awards and Recognition - In 2022, CK Infrastructure's member companies received approximately 170 awards globally for their outstanding performance in various sectors, including operational efficiency and customer service[38]. - UK Power Networks was recognized as the top distribution network operator in the UK for customer service and performance metrics, winning nearly 30 awards during the year[36]. - Northumbrian Water ranked first in the annual performance survey conducted by British Water, and was the only water company listed among the world's most ethical businesses by the Ethisphere Institute[36]. Future Outlook - The outlook for 2023 remains optimistic, with the group well-positioned to capitalize on global investment opportunities due to its strong financial position and low debt levels[28]. - Future outlook remains positive, with projected revenue growth of 8-10% annually for the next five years[135]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of 10% to 12%[3].

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CK Infrastructure Holdings Limited 長江基建集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：1038） 二零二二年董事會主席報告 世界各國大多開始放寬應對 2019 冠狀病毒的限制措施，然而不明朗因素持續籠罩全球 市場。各大經濟體面對處於歷史高位之通脹、上揚之利率、日趨嚴峻之能源危機和地緣 政治張力，局勢充滿挑戰。 際此宏觀背景下，CK Infrastructure Holdings Limited 長江基建集團有限公司（「長江基 建」、「公司」或「集團」）截至二零二二年十二月三十一日止年度，錄得股東應佔溢利 港幣七十七億四千八百萬元，對比去年上升百分之三。業績備受利率上升導致財務成本 增加（尤其是與通脹掛鈎之財務成本上漲）及外幣兌港元走弱所影響。 基建業務之貢獻上升百分之七 長江基建之優質基建資產持續展現堅韌實力，帶來按年增長百分之七的理想貢獻。以業 務所在 ...

INTERIM REPORT 2022 Stock Code: 1038 GLOBAL INFRASTRUCTURE PLAYER CK INFRASTRUCTURE HOLDINGS LIMITED 長江基建集團有限公司 25TH 二零二二年度中期報告 ANNIVERSARY Interim Report 2022 （於百慕達註冊成立之有限公司） （股份代號：1038） 放眼環球 基建世界 25週年 二零二二年度中期報告 CKI 環球基建業界翹楚 CKI A Leading Player 長江基建是一家國際性基建集團，透過於世界 各地的基建投資，致力締造更美好的世界。 長江基建的多元化業務包括：能源基建、 交通基建、水處理基建、廢物管理、轉廢為能、 屋宇服務基建及基建相關業務。集團的投資及 營運範圍遍及香港、中國內地、英國、歐洲大陸、 澳洲、新西蘭、加拿大及美國。 4,409 股東應佔溢利 (百萬港元) 1.75 每股溢利 (港元) 0.70 每股中期股息 (港元) in the Global Infrastructure Arena CKI is a global infrastructure compa ...

r CK Infrastructure Holdings Limited 長 江 基 建 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號：1038) 放 眼 環 球 基 建 世 界 5 视 CKI 環球基建業界翹楚 長江基建是一家國際性基建集團，透過於世界 各地的基建投資，致力締造更美好的世界。 長江基建的多元化業務包括：能源基建、 交通基建、水處理基建、廢物管理、轉廢為能、 屋宇服務基建及基建相關業務。集團的投資及 營運範圍遍及香港、中國內地、英國、歐洲大陸、 澳洲、新西蘭、加拿大及美國。 目錄 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 005 | 十年財務摘要 | | 006 | 董事會主席報告 | | 012 | 集團董事總經理報告 | | 019 | 長遠發展策略 | ...