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力鸿检验(01586) - 2023 - 中期业绩
2023-08-30 10:51
Financial Performance - The total revenue for the six months ended June 30, 2023, was HKD 505,380,000, representing a significant increase of 17% compared to HKD 431,761,000 for the same period in 2022[8]. - Total comprehensive income for the six months ended June 30, 2023, was HKD 59,823,000, representing an increase of 48.5% compared to HKD 40,177,000 for the same period in 2022[44]. - Profit attributable to equity holders of the company for the period was HKD 48,288,000, up from HKD 35,822,000 in the previous year, reflecting a growth of 34.7%[52]. - Profit for the period reached HKD 68.5 million, reflecting a year-on-year growth of 50.2%[68]. - The gross profit for the period was HKD 230.8 million, compared to HKD 182.0 million in the previous period, indicating a significant increase[93]. - The company reported a profit before tax of HKD 82.0 million for the six months ended June 30, 2023, up from HKD 54.6 million in the same period last year, reflecting a strong performance[93]. - Basic earnings per share increased to 10.01 HKD cents from 7.45 HKD cents, marking a rise of 34.2%[44]. - Diluted earnings per share also rose to 9.98 HKD cents from 7.44 HKD cents, indicating an increase of 34.2%[44]. Assets and Liabilities - As of June 30, 2023, the total assets amounted to HKD 582,320,000, an increase from HKD 578,528,000 as of December 31, 2022, reflecting a growth of approximately 0.5%[4]. - The company reported a net asset value of HKD 551,698,000 as of June 30, 2023, compared to HKD 487,025,000 at the end of 2022, reflecting an increase of approximately 13%[13]. - The total liabilities decreased to HKD 219,266,000 from HKD 181,560,000, indicating a reduction of about 18%[4]. - The total liabilities decreased from HKD 43,622,000 in December 2022 to HKD 36,196,000 as of June 30, 2023, representing a reduction of 17.7%[39]. - The company’s total assets and liabilities were managed effectively, with cash and cash equivalents exceeding total liabilities, resulting in a leverage ratio of zero[84]. Revenue Breakdown - The revenue from testing services reached HKD 305,166,000, up from HKD 279,920,000, indicating an increase of about 9%[8]. - The revenue from certification services increased to HKD 134,549,000, compared to HKD 111,025,000, marking a growth of approximately 21%[8]. - The company achieved revenue of HKD 505.4 million for the first half of 2023, representing a year-on-year increase of 17.0%[68]. - The company's revenue increased from approximately HKD 431.8 million for the six months ended June 30, 2022, to approximately HKD 505.4 million for the same period in 2023, representing a growth of 17.0%[112]. Cash Flow and Investments - The net cash and cash equivalents as of June 30, 2023, were HKD 213,846,000, a decrease from HKD 222,254,000 as of December 31, 2022[4]. - The company maintained a prudent financial policy, ensuring a healthy liquidity position throughout the review period[135]. - The company plans to accelerate investments aligned with its ESG strategy, focusing on potential acquisitions and investment opportunities in green low-carbon sectors[132]. Dividends - The company declared an interim dividend of HKD 0.0269 per share for the six months ended June 30, 2023, compared to HKD 0.022 per share in 2022, reflecting an increase of 22.5%[42]. - The interim dividend declared was HKD 0.0269 per share, an increase from HKD 0.022 per share for the six months ended June 30, 2022[98]. Research and Development - The company continues to increase its R&D efforts to enhance technological innovation capabilities in environmental protection services[63]. - The company has increased its R&D investment to enhance service efficiency and quality through the development of a digital testing platform for coal[100]. - The company is actively advancing inspection and testing technology innovations, particularly in solar thermal power testing, achieving significant results[62]. Market Position and Strategy - The company is positioned as a leader in the testing and inspection industry, with a market size expanding to nearly RMB 430 billion in 2022, and expects industry growth of approximately 10% during the 14th Five-Year Plan period[33]. - The company aims to capture new economic growth points focused on green and low-carbon initiatives, leveraging opportunities in the global TIC market[35]. - The company is actively expanding into clean energy, environmental protection, and climate change sectors as part of its "2+X" strategy, which has led to unexpected growth in customer base[81]. - The company is leveraging the booming TIC market and its advantages in niche sectors to strengthen its long-term growth strategy[58]. Corporate Governance and Compliance - The company has adopted corporate governance standards to enhance management quality and protect shareholder interests[88]. - The company has established an Audit Committee in compliance with Listing Rules 3.21 and 3.22, consisting of three independent non-executive directors[142]. - The Audit Committee has reviewed the unaudited condensed consolidated interim financial statements for the period[143]. Employee and Operational Growth - As of June 30, 2023, the company employed 2,660 staff, an increase from 2,327 employees as of June 30, 2022[139]. - The group continues to strengthen its professional service capabilities and enhance its laboratory layout to support market expansion[126]. - The group has implemented refined operational management systems to improve internal management and resource allocation, effectively enhancing operational efficiency[104]. ESG Initiatives - The company emphasizes its ESG development strategy as a core direction, implementing three main execution dimensions: ESG+, ESG-Focused, and ESG-Friendly[128]. - The company aims to enhance its ESG management standards and actively fulfill social responsibilities to establish industry benchmarks[132]. - The company plans to continue its focus on ESG initiatives, with systematic investments yielding initial results in sustainable capabilities[104].
力鸿检验(01586) - 2022 - 年度财报
2023-04-28 08:48
Company Overview - China Leon Inspection Holding Limited was listed on the Main Board of the Stock Exchange in 2016, becoming the first international leading inspection and testing company in Hong Kong[11]. - The company operates 63 branches and professional laboratories globally, providing services in over 50 types of commodities and natural resources[11]. - The company focuses on four key areas: commodity services, clean energy, environmental protection, and climate change, offering 24/7 one-stop services[11]. - The company has achieved a global network expansion, serving major trading ports in the Asia Pacific and emerging markets in South America and Africa[11]. - The company holds 18 categories of professional qualification certifications worldwide, enhancing its credibility in the industry[11]. Clean Energy and Environmental Services - In the clean energy sector, the company provides quality inspection services for wind power and solar power generation, enhancing the stability of power generation through regular operation and maintenance[12][14]. - The company provides environmental protection consulting and monitoring services, including environmental impact assessments and soil pollution investigations[16]. - LDAR services are crucial for detecting and repairing leaks in various industrial sectors, helping to control raw material costs and reduce environmental pollution[16]. - The company offers comprehensive solutions for climate change, including carbon peak and neutrality advisory services and ESG technical consulting[17]. - The clean energy business served 16 leading customers in the new energy sector, supporting major wind and solar power generation projects[92]. - The environmental protection business maintained a 100% one-time pass rate in expert assessments for environmental protection facilities projects[92]. - The company secured nine new industry-leading customers in the climate change sector, providing technology consulting for methane emission reduction[94]. Financial Performance - The Group recorded revenue of HK$944.0 million in 2022, representing a year-on-year increase of 15.3%[83]. - Profit for the year reached HK$104.8 million, reflecting a year-on-year increase of 16.9%[83]. - Profit attributable to owners of the Company was HK$69.4 million, marking a year-on-year increase of 39.3%[83]. - The company's revenue increased by 15.3% from approximately HK$818.8 million in 2021 to approximately HK$944.0 million in 2022[111]. - Profit attributable to owners of the company rose by 39.3% from approximately HK$49.8 million in 2021 to approximately HK$69.4 million in 2022[112]. Management and Governance - The management team consists of eight directors, including four executive directors and three independent non-executive directors[21]. - The chairman and CEO, Mr. Li Xiangli, has over 33 years of experience in the energy testing and inspection field[26]. - The acting-in-concert deed among Mr. Li, Ms. Zhang, and Mr. Liu was established on January 31, 2016, to support decisions on material matters[31]. - The company has complied with all code provisions of the Corporate Governance Code throughout the year ended December 31, 2022, except for a deviation from code provision C.2.1[156]. - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors[160]. Strategic Focus and Development - The company aims to empower global industry leaders to achieve eco-friendly and low-carbon transformation through its services[11]. - The company emphasizes sustainable development and fairness in its operations, continuously expanding its professional service capacity in commodity services[11]. - The company aims to actively seek mergers and acquisitions opportunities in the global TIC market to provide sustainable momentum for business expansion[105]. - The company emphasizes a unique mergers and acquisitions approach that aligns corporate culture with long-term vision[104]. - The company aims to assist customers in achieving a green and low-carbon transition with a full spectrum of services[99]. Cash Flow and Financial Position - Cash and cash equivalents rose from HK$150.6 million in 2021 to HK$222.3 million in 2022, indicating a strong cash position[117][122]. - Net cash inflows from operating activities were approximately HK$176.4 million in 2022, up from HK$134.7 million in 2021, primarily due to higher revenue generation[118][123]. - The group had net cash outflows used in financing activities of approximately HK$37.0 million in 2022, compared to HK$18.5 million in 2021[119][124]. - The gearing ratio was zero in 2022, as cash and cash equivalents exceeded gross debt, compared to a gearing ratio of 6.51% in 2021[137][138]. - The group maintained a healthy liquidity position throughout the year, ensuring sufficient cash and cash equivalents to meet operational needs[129][131]. Compliance and Risk Management - The company faces foreign exchange risk primarily from cash and cash equivalents and convertible bonds denominated in currencies other than the functional currencies of its entities, mainly HKD and USD[148]. - The company continuously monitors accounts receivable balances and assesses the creditworthiness of existing and potential customers[147]. - The company does not require collateral for its credit transactions[147]. - The company has established mechanisms to ensure independent views and inputs are available to the board, which are reviewed annually for effectiveness[161]. Recognition and Awards - The company has been recognized as one of "Asia's 200 Best Under A Billion" by Forbes for two consecutive years, highlighting its governance and operational capabilities[105].
力鸿检验(01586) - 2022 - 年度业绩
2023-03-30 13:41
– 5 – 於 隨 後 期 間 可 能 重 新 分 類 至 損 益 的 其 他 全 面 虧 損: 本 集 團 已 對 於2021年1月1日 或 之 後 可 用 之 物 業、廠 房 及 設 備 之 項 目 追 溯 性 地 應 用 該 等 修 訂。由 於 物 業、廠 房 及 設 備 可 供 使 用 前 並 無 銷 售 所 生 產 之 項 目,因 此 該 等 修 訂 對 本 集 團 的 財 務 狀 況 或 表 現 並 無 產 生 任 何 影 響。 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 財 | 務 摘 要 | | • | 收 入 達 港 幣 944.0 百 萬 元( 2021 年:港 幣 818.8 百 萬 元),較 去 年 增 15.3% 。 | | • | 本 公 司 擁 有 人 ...
力鸿检验(01586) - 2022 - 中期财报
2022-09-29 11:23
HAMA CHINA LEON INSPECTION HOLDING LIMITED 中国力鸿检验控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號:1586 2022 Interim Report 中期報告 2 Corporate Information 公司資料 5 7 9 11 12 37 45 | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | | | | | | 簡明綜合損益及其他全面收益表 | | | | | | ...
力鸿检验(01586) - 2021 - 年度财报
2022-04-28 10:05
2021 年報 ANNUAL REPORT in | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------|-------| | | | | | | | | | | HAH | | | | CHINA LEON INSPECTION HOLDING LIMITED | | | | 中国力鸿检验控股有限公司 | | | | (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) | | | | Stock Code 股份代號:1586 | | | --- | --- | --- | |------------------------------------------------------------|------------------------|-----------------| | | | Contents \n目錄 | ...
力鸿检验(01586) - 2021 - 中期财报
2021-09-29 12:07
HAMA CHINA LEON INSPECTION HOLDING LIMITED 中国力鸿检验控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號:1586 Interim Report 中報 2021 期 2 Corporate Information 公司資料 5 Other Comprehensive Income 59 | --- | --- | |-------------------------------------------------------------------------------|------------| | | | | | | | Condensed Consolidated Statement of Profit or Loss | and | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated Statement of Financial 簡明綜合財務狀況表 | Position ...
力鸿检验(01586) - 2020 - 年度财报
2021-04-29 04:01
HATH CHINA LEON INSPECTION HOLDING LIMITED 中国力鸿检验控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號:1586 202 Annual Report 年 | --- | --- | --- | |------------------------------------------------------------|------------------------|----------| | | | Contents | | | | 目錄 | | | | | | Corporate Information | 公司資料 | 2 | | Profile of Directors and Senior Management | 董事及高級管理人員簡介 | 5 | | Corporate Profile | 公司概況 | 13 | | Chairman's Statement | 主席報告 | 14 | | Manageme ...
力鸿检验(01586) - 2020 - 中期财报
2020-09-29 08:33
H域H CHINA LEON INSPECTION HOLDING LIMITED 中国 力 鸿 检 验 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號:1586 02 Interim Report 中期報告 Contents 目錄 2 Definitions 釋義 4 Corporate Information 公司資料 7 Management Discussion and Analysis 管理層討論與分析 13 Additional Information 補充資料 24 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 25 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 27 Condensed Consolidat ...
力鸿检验(01586) - 2019 - 年度财报
2020-04-28 08:43
HAQAH CHINA LEON INSPECTION HOLDING LIMITED 中国力鸿检验控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號:1586 2019 Annual Report 年報 Contents 目錄 | --- | --- | |------------------------------------------------------------|------------------------| | | | | Definitions | 釋義 | | Corporate Profile | 公司概況 | | Corporate Information | 公司資料 | | Financial Highlights | 財務摘要 | | Financial Summary | 財務概要 | | Chairman's Statement | 主席報告 | | Profile of Directors and Senior Manag ...
力鸿检验(01586) - 2019 - 中期财报
2019-09-27 08:42
H 24 H CHINA LEON INSPECTION HOLDING LIMITED 中国力鸿检验控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號:1586 Interim Report 2019 中期報告 Contents 目錄 2 Definitions 釋義 4 Corporate Information 公司資料 7 Management Discussion and Analysis 管理層討論與分析 10 Financial Review 財務回顧 15 Additional Information 補充資料 28 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 中期簡明綜合損益及其他全面收益表 29 Interim Condensed Consolidated Statement of Financial Posi ...