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香港电讯(06823) - 2025 H1 - 电话会议演示
2025-07-31 10:00
Financial Performance - Total revenue increased by 4% year-over-year to $2,221 million[9], with revenue excluding mobile product sales also up by 4% year-over-year to $2,091 million[9,128] - Total EBITDA increased by 3% year-over-year to $818 million[9,128] - Adjusted Funds Flow increased by 3% year-over-year to $328 million[9,128] - Profit attributable to holders of share stapled units increased by 4% year-over-year to $265 million[128] Business Segments - Enterprise revenue increased by 11% year-over-year[9] - Broadband revenue increased by 3% year-over-year[9] - Mobile services revenue increased by 5% year-over-year to $537 million[9,135] - Local TSS revenue grew by 5% year-over-year[133] - Mainland China business achieved a remarkable growth of 13% year-over-year[97] Mobile Business - Post-paid customer base increased by 1% year-over-year to 3.478 million[41,135] - 5G customer base grew by 21% year-over-year to 1.894 million, representing 54% of the total post-paid base[45,135] - Consumer outbound roaming revenue in H1'25 grew by 11% year-over-year and reached 141% of pre-pandemic levels[43] Broadband and Pay TV - Consumer broadband net adds increased by 3% year-over-year[48] - Uptake of 2.5G service accelerated, with 141% year-over-year growth[48,132] - Now OTT customer base grew by 17% year-over-year[55,133]
香港电讯:2025上半年总收益约173.2亿港元 同比增长4%
Mei Ri Jing Ji Xin Wen· 2025-07-31 09:46
(文章来源:每日经济新闻) 每经AI快讯,7月31日,香港电讯-SS(06823.HK)发布公告称,上半年总收益173.22亿港元,同比增长 4%;同期净利润20.7亿港元,同比增加4%。 ...
香港电讯:上半年股份持有人应占溢利同比增加4%
news flash· 2025-07-31 09:34
Core Viewpoint - Hong Kong Telecommunications reported a 4% year-on-year increase in profit attributable to shareholders for the first half of 2025, driven by growth in local data services and telecommunications revenue [1] Financial Performance - Total revenue increased by 4% to HKD 17.322 billion [1] - EBITDA rose by over 3% to HKD 6.38 billion [1] - Profit attributable to shareholders increased by 4% to HKD 2.07 billion [1] - Basic earnings per share were HKD 0.2732 [1] - Interim dividend per share was HKD 0.3380 [1] Revenue Breakdown - Local data service revenue grew by 8% to HKD 6.867 billion [1] - Local telecommunications service revenue increased by 5% to HKD 8.714 billion [1]
香港电讯-SS(06823.HK):上半年总收益增加4%至港币173.22亿元
Ge Long Hui· 2025-07-31 08:52
Core Insights - Hong Kong Telecommunications-SS (06823.HK) has expanded its leading position in the broadband market, with fiber-to-home connections increasing by 3% to 1.055 million [1] - The user base for 2.5G services has grown by 141%, while 5G customer base increased by 21% to 1.894 million [1] - Mobile communication service revenue rose by 5% due to higher roaming income, and enterprise business revenue grew by 11%, securing over HKD 2.2 billion in new project orders in the first half of 2025 [1] Financial Performance - Total revenue increased by 4% to HKD 17.322 billion, while total revenue excluding mobile communication product sales also rose by 4% to HKD 16.311 billion [1] - EBITDA grew by over 3% to HKD 6.380 billion, driven by the application of artificial intelligence to enhance workflow efficiency and optimize costs [1] - Adjusted cash flow increased by 3% to HKD 2.562 billion, and profit attributable to shareholders rose by 4% to HKD 2.070 billion [1] - Basic earnings per share were HKD 0.2732, with an interim dividend of HKD 0.3380 per share [1]
香港电讯-SS(06823)公布中期业绩 股份持有人应占溢利增加4%至20.7亿港元 每股派33.8港分
智通财经网· 2025-07-31 08:48
Core Viewpoint - Hong Kong Telecommunications-SS (06823) reported a 4% year-on-year increase in total revenue to HKD 17.322 billion for the mid-year 2025 results, driven by growth in local data services and telecommunications services [1] Financial Performance - Total revenue increased by 4% to HKD 17.322 billion [1] - EBITDA rose over 3% to HKD 6.380 billion [1] - Profit attributable to shareholders increased by 4% to HKD 2.07 billion [1] - Basic earnings per share were HKD 0.2732, with an interim dividend of HKD 0.3380 per share [1] Revenue Breakdown - Local data service revenue grew by 8% to HKD 6.867 billion, constituting 79% of local telecommunications service revenue [1] - Local telecommunications service revenue increased by 5% to HKD 8.714 billion [1] - Revenue from pay television services was HKD 1.16 billion, while local telephone service revenue was HKD 0.953 billion [1] - International telecommunications service revenue grew by 1% to HKD 3.813 billion [1] - Total telecommunications service revenue rose by 4% to HKD 12.527 billion [1] Mobile Communications Business - Service revenue from mobile communications increased by 5% to HKD 4.189 billion [1] - Growth was driven by increased roaming services, an expanding postpaid customer base, higher wholesale revenue, and rising demand for enterprise solutions utilizing 5G and IoT technologies [1]
香港电讯-SS公布中期业绩 股份持有人应占溢利增加4%至20.7亿港元 每股派33.8港分
Zhi Tong Cai Jing· 2025-07-31 08:48
Core Insights - Hong Kong Telecommunications-SS (06823) reported a 4% year-on-year increase in total revenue to HKD 17.322 billion for the mid-year 2025 [1] - EBITDA rose over 3% to HKD 6.380 billion, while profit attributable to shareholders increased by 4% to HKD 2.07 billion [1] - Basic earnings per share were HKD 0.2732, with an interim dividend of HKD 0.3380 per share [1] Revenue Breakdown - Local data service revenue grew by 8% to HKD 6.867 billion, driving local telecommunications service revenue up by 5% to HKD 8.714 billion [1] - Local data services accounted for 79% of local telecommunications service revenue [1] - Pay TV services generated revenue of HKD 1.16 billion, while local telephone service revenue was HKD 0.953 billion [1] - International telecommunications service revenue increased by 1% to HKD 3.813 billion, contributing to a total telecommunications service revenue increase of 4% to HKD 12.527 billion [1] Mobile Services Performance - Mobile communications service revenue grew by 5% to HKD 4.189 billion, driven by increased roaming services, an expanding postpaid customer base, rising wholesale revenue, and growing demand for enterprise solutions utilizing 5G and IoT technologies [1]
香港电讯-SS将于9月4日派发中期股息每股0.338港元
Zhi Tong Cai Jing· 2025-07-31 08:41
Core Viewpoint - Hong Kong Telecommunications-SS (06823) announced a mid-term dividend of HKD 0.338 per share, to be distributed on September 4, 2025 [1] Company Summary - The company will distribute a mid-term dividend of HKD 0.338 per share [1]
香港电讯-SS(06823)将于9月4日派发中期股息每股0.338港元
智通财经网· 2025-07-31 08:41
智通财经APP讯,香港电讯-SS(06823)发布公告,该公司将于2025年9月4日派发中期股息每股0.338港 元。 ...
香港电讯(06823) - 截至2025年6月30日止六个月的中期股息/分派
2025-07-31 08:35
EF001 免責聲明 EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 備註: 1. 香港電訊信託是一個根據香港法律於2011年11月7日成立並由香港電訊管理有限公司(以其作為香港電訊信託託管人- 經理身 份)(「託管人-經理」)管理的信託。 2. 香港電訊有限公司(「本公司」)是一家於開曼群島註冊成立的有限公司。 3. 每個香港電訊信託與香港電訊有限公司的股份合訂單位將下列證券或證券權益合併,而根據託管人-經理與本公司於2011年11 月7日簽立構成香港電訊信託的信託契約(經不時修訂、補充、取代或以其他方式更改的版本)(「信託契約」)的條文規定,有 關證券或證券權益僅可一併買賣,不得單獨或個別買賣: | 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公告的內容概不負責,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 | | | --- | --- | | 公告全部或任何部份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。 | | | 股票發行人現金股息公告 | | | 發行人名稱 香港電訊信託與香港電訊有限公司 | | | 股 ...
香港电讯(06823) - 2025 - 中期业绩
2025-07-31 08:32
[Performance Summary](index=1&type=section&id=Performance%20Summary) [H1 2025 Performance Highlights](index=1&type=section&id=H1%202025%20Performance%20Highlights) HKT achieved robust H1 2025 growth in key financials, driven by expanding broadband, 5G, and strong enterprise business performance H1 2025 Key Financial and Operational Metrics | Metric | H1 2025 Performance | | :--- | :--- | | **Total Revenue** | HKD 17.322 billion (4% growth) | | **Total Revenue (excluding mobile product sales)** | HKD 16.311 billion (4% growth) | | **Total EBITDA** | HKD 6.380 billion (>3% growth) | | **Adjusted Funds Flow** | HKD 2.562 billion (3% growth) | | **Profit Attributable to Stapled Unitholders** | HKD 2.070 billion (4% growth) | | **Basic Earnings Per Stapled Unit** | 27.32 HK cents | | **Interim Distribution Per Stapled Unit** | 33.80 HK cents | | **Total Fiber-to-the-Home Connections** | 1.055 million lines (3% growth) | | **5G Customer Base** | 1.894 million (21% growth) | - Enterprise business achieved **11% revenue growth** and secured over **HKD 2.2 billion** in new project orders during the first half[3](index=3&type=chunk) [Letter to Stapled Unitholders](index=2&type=section&id=Letter%20to%20Stapled%20Unitholders) [Operating Environment and Overall Performance](index=2&type=section&id=Operating%20Environment%20and%20Overall%20Performance) Despite geopolitical instability and weak local consumption, the company achieved robust 4% total revenue and over 3% EBITDA growth, with adjusted funds flow expected to accelerate Key Financial Performance (H1 2025) | Financial Metric | Amount (HKD) | YoY Growth | | :--- | :--- | :--- | | Total Revenue | 17.322 billion | 4% | | EBITDA | 6.380 billion | >3% | | Adjusted Funds Flow | 2.562 billion | 3% | [AI Innovation Drives Growth](index=2&type=section&id=AI%20Innovation%20Drives%20Growth) AI integration across operations enhances efficiency, optimizes costs, and drives productivity, achieving 7% annual cost savings - The company is integrating AI into business operations to deliver superior services, expand enterprise offerings, and optimize internal processes, driving future growth[5](index=5&type=chunk) - By reshaping workflows with AI technologies like intelligent automation and predictive analytics, productivity has significantly improved, leading to **7% annual cost savings** overall[10](index=10&type=chunk) [Core Business Growth Drivers](index=2&type=section&id=Core%20Business%20Growth%20Drivers) Core businesses saw significant 5G and fiber subscriber growth, alongside strong enterprise performance with over HKD 2.2 billion in new orders Key Core Business Metrics | Business Metric | Performance | YoY Growth | | :--- | :--- | :--- | | 5G Mobile Customers | 1.894 million | 21% | | 2.5G Fiber Service Customers | N/A | 141% | - HKT Enterprise Solutions secured new project orders totaling over **HKD 2.2 billion** in the first half[9](index=9&type=chunk) - The company assisted mainland Chinese enterprises in establishing footholds in Southeast Asian markets like Thailand, Malaysia, Indonesia, and Vietnam via SD-WAN solutions[9](index=9&type=chunk) [Outlook](index=3&type=section&id=Outlook) Continued investment in AI innovation and global network connectivity will support Hong Kong's digital economy and create long-term value - The company plans to participate in developing the Pan Asia Express and Asia-Africa-Europe-2 submarine cable systems, expanding its global network through low-earth orbit satellite connectivity[9](index=9&type=chunk) - The company is committed to continuous investment in AI innovation to drive HKT's growth and enable customer success[12](index=12&type=chunk) [Financial and Operational Review](index=5&type=section&id=Financial%20and%20Operational%20Review) [Financial Summary](index=5&type=section&id=Financial%20Summary) The Group achieved 4% revenue growth and over 3% EBITDA increase in H1 2025, with profit attributable to unitholders also rising 4% due to lower finance costs Group Financial Summary | Metric (HKD million) | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenue | 17,322 | 16,669 | 4% | | Total EBITDA | 6,380 | 6,168 | 3% | | Profit Before Tax | 2,712 | 2,334 | 16% | | Adjusted Funds Flow | 2,562 | 2,495 | 3% | [Operating Data Summary](index=6&type=section&id=Operating%20Data%20Summary) As of June 2025, total broadband lines slightly increased, postpaid mobile subscribers grew 1%, and The Club membership expanded 3% Key Operating Data | Operating Item (thousand) | June 30, 2025 | June 30, 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Telephone Lines | 2,070 | 2,168 | (5)% | | Total Broadband Lines | 1,657 | 1,646 | 1% | | Mobile Customers | 4,875 | 4,884 | ‒ | | - Postpaid Customers | 3,478 | 3,433 | 1% | | - Prepaid Customers | 1,397 | 1,451 | (4)% | | Installed Pay TV Customers | 1,448 | 1,430 | 1% | | The Club Members | 4,070 | 3,939 | 3% | [Segment Performance](index=8&type=section&id=Segment%20Performance) Both core telecommunications and mobile segments achieved year-on-year revenue and EBITDA growth, driven by local data services, roaming recovery, and 5G upgrades [Telecommunications Services](index=8&type=section&id=Telecommunications%20Services) Telecommunications services revenue grew 4% to HKD 12.527 billion and EBITDA 3% to HKD 4.421 billion, driven by local data services and strong enterprise business Telecommunications Services Segment Performance | Metric (HKD million) | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Local Telecommunications Services Revenue | 8,714 | 8,289 | 5% | | International Telecommunications Services Revenue | 3,813 | 3,774 | 1% | | **Total Telecommunications Services Revenue** | **12,527** | **12,063** | **4%** | | **EBITDA** | **4,421** | **4,296** | **3%** | - Local data services revenue increased **8%** year-on-year to **HKD 6.867 billion**, primarily driven by broadband and enterprise business growth[18](index=18&type=chunk)[19](index=19&type=chunk) - Fiber-to-the-home (FTTH) connections reached **1.055 million**, a **3%** year-on-year increase, while the 2.5G service customer base grew **141%** year-on-year[20](index=20&type=chunk) - Enterprise business local data revenue grew **11%** year-on-year, with new orders totaling over **HKD 2.2 billion** in the first half[21](index=21&type=chunk)[22](index=22&type=chunk) [Mobile](index=11&type=section&id=Mobile) Mobile business revenue grew 5% to HKD 5.200 billion and EBITDA 5% to HKD 2.412 billion, driven by roaming recovery, 5G upgrades, and enterprise solution demand Mobile Segment Performance | Metric (HKD million) | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Mobile Services Revenue | 4,189 | 3,990 | 5% | | Mobile Product Sales | 1,011 | 986 | 3% | | **Total Mobile Revenue** | **5,200** | **4,976** | **5%** | | **EBITDA** | **2,412** | **2,302** | **5%** | - Total roaming revenue increased **7%** year-on-year, with personal outbound roaming revenue reaching **141%** of pre-pandemic levels[26](index=26&type=chunk) - 5G postpaid subscribers reached **1.894 million**, a **21%** year-on-year increase, accounting for over **54%** of the postpaid customer base[26](index=26&type=chunk) - Postpaid ARPU increased to **HKD 193** (YoY +1%), with core business postpaid churn remaining low at **0.7%**[27](index=27&type=chunk) [Other Businesses and Cost Analysis](index=12&type=section&id=Other%20Businesses%20and%20Cost%20Analysis) Other business revenue slightly increased by 3%, while operating costs excluding depreciation and amortization decreased 4% year-on-year through AI and streamlined structures - Other business revenue increased **3%** to **HKD 570 million**, with The Club membership expanding **3%** to **4.07 million** members[28](index=28&type=chunk) - Cost of sales increased **6%** to **HKD 9.021 billion** due to changes in revenue mix[30](index=30&type=chunk) - Operating costs excluding depreciation and amortization decreased **4%** year-on-year to **HKD 1.921 billion** through measures like AI-driven workflow re-engineering[31](index=31&type=chunk) [Key Financial Metrics Analysis](index=13&type=section&id=Key%20Financial%20Metrics%20Analysis) Total EBITDA grew over 3% due to business expansion and cost optimization, while net finance costs significantly decreased 19%, leading to a 4% increase in profit attributable to unitholders - Total EBITDA increased over **3%** to **HKD 6.380 billion**, with the overall EBITDA margin remaining stable at **37%**[32](index=32&type=chunk) - Net finance costs significantly decreased **19%** from **HKD 1.092 billion** to **HKD 885 million**[33](index=33&type=chunk) - Profit attributable to stapled unitholders increased **4%** to **HKD 2.070 billion**[36](index=36&type=chunk) [Capital Management and Liquidity](index=13&type=section&id=Capital%20Management%20and%20Liquidity) [Capital Structure and Liquidity](index=13&type=section&id=Capital%20Structure%20and%20Liquidity) As of June 30, 2025, the Group maintained ample liquidity with HKD 1.940 billion cash and HKD 15.973 billion undrawn facilities, alongside investment-grade credit ratings Capital Structure and Liquidity Overview | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Debt | HKD 43.433 billion | HKD 41.723 billion | | Cash and Short-Term Deposits | HKD 1.940 billion | HKD 2.145 billion | | Undrawn Bank Facilities | HKD 15.973 billion | N/A | - The company maintains investment-grade credit ratings of Moody's "Baa2" and S&P "BBB"[38](index=38&type=chunk) [Capital Expenditure](index=14&type=section&id=Capital%20Expenditure) H1 2025 capital expenditure was HKD 1.075 billion (6.2% of revenue), a year-on-year decrease, focused on enterprise solutions and network efficiency - Capital expenditure was **HKD 1.075 billion**, a year-on-year decrease, with its revenue ratio falling from **6.6%** in the prior period to **6.2%**[39](index=39&type=chunk) [Adjusted Funds Flow Analysis](index=14&type=section&id=Adjusted%20Funds%20Flow%20Analysis) Adjusted funds flow increased 3% year-on-year to HKD 2.562 billion, with operating adjusted funds flow growing 8% due to expanded EBITDA and improved capital efficiency - Total adjusted funds flow increased **3%** from **HKD 2.495 billion** in the prior period to **HKD 2.562 billion**[40](index=40&type=chunk) - Operating adjusted funds flow (excluding tax paid, net finance costs paid, and working capital changes) increased **8%** in H1 2025[40](index=40&type=chunk) [Other Important Matters](index=15&type=section&id=Other%20Important%20Matters) [Risk Management and Human Resources](index=15&type=section&id=Risk%20Management%20and%20Human%20Resources) The Group manages foreign currency and interest rate risks with derivatives, has no material asset pledges, reduced contingent liabilities, and over 12,500 global employees - The Group manages foreign currency exchange rate and interest rate risks through forward and swap contracts, deeming their impact immaterial[41](index=41&type=chunk)[42](index=42&type=chunk) - As of June 30, 2025, the Group had no pledged assets, and contingent liabilities amounted to **HKD 799 million**[43](index=43&type=chunk)[44](index=44&type=chunk) - As of June 30, 2025, the Group employed over **12,500** staff globally[45](index=45&type=chunk) [Interim Distribution and Shareholder Matters](index=16&type=section&id=Interim%20Distribution%20and%20Shareholder%20Matters) The Board declared an interim distribution of 33.80 HK cents per stapled unit, with no purchases, sales, or redemptions of listed securities during the period - An interim distribution of **33.80 HK cents** per stapled unit was declared[46](index=46&type=chunk) - During the reporting period, neither HKT Trust, the company, nor its subsidiaries purchased, sold, or redeemed any stapled units[48](index=48&type=chunk) [Corporate Governance](index=16&type=section&id=Corporate%20Governance) The company maintains high corporate governance standards, largely complying with the Code, with the Audit Committee reviewing interim financial information - The Audit Committee reviewed the accounting policies adopted by the Group and the Trustee-Manager, as well as the unaudited condensed consolidated interim financial information[49](index=49&type=chunk) - During the reporting period, the company applied the principles of the Corporate Governance Code and complied with all relevant code provisions, except for those related to establishing independent remuneration and nomination committees due to its unique trust structure[50](index=50&type=chunk) [Condensed Consolidated Financial Statements](index=18&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Consolidated Income Statement](index=18&type=section&id=Consolidated%20Income%20Statement) For H1 2025, profit for the period increased 15.4% to HKD 2.298 billion, with basic earnings per stapled unit rising to 27.32 HK cents Consolidated Income Statement Summary | Metric (HKD million) | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenue | 17,322 | 16,669 | | Profit Before Tax | 2,712 | 2,334 | | Profit for the Period | 2,298 | 1,992 | | Profit Attributable to Stapled Unitholders | 2,070 | 1,990 | | Basic Earnings Per Stapled Unit | 27.32 HK cents | 26.27 HK cents | [Consolidated Statement of Comprehensive Income](index=19&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) Other comprehensive loss for the period was HKD 579 million, primarily due to fair value changes in financial assets and cash flow hedges, decreasing total comprehensive income - Other comprehensive loss for the period was **HKD 579 million**, mainly due to fair value changes in financial assets (loss of **HKD 225 million**) and net losses on cash flow hedges[53](index=53&type=chunk) [Consolidated Statement of Financial Position](index=20&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets were HKD 118.499 billion, total liabilities HKD 80.619 billion, and net assets HKD 37.880 billion Consolidated Statement of Financial Position Summary | Metric (HKD million) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **118,499** | **116,813** | | - Non-Current Assets | 107,812 | 105,928 | | - Current Assets | 10,687 | 10,885 | | **Total Liabilities** | **80,619** | **77,168** | | - Non-Current Liabilities | 58,369 | 51,347 | | - Current Liabilities | 22,250 | 25,821 | | **Net Assets** | **37,880** | **39,645** | [Notes to the Financial Statements](index=22&type=section&id=Notes%20to%20the%20Financial%20Statements) Financial statements are prepared under HKAS 34 on a going concern basis, with detailed disclosures on segments, taxation, dividends, and receivables/payables aging - The financial statements are prepared on a going concern basis, as management believes the Group can meet its obligations maturing within the next 12 months, considering operating cash inflows and undrawn bank facilities[63](index=63&type=chunk) - The Group's operations are managed and assessed across three main segments: Telecommunications Services, Mobile, and Other Businesses[66](index=66&type=chunk) - The Group has assessed the impact of the Global Anti-Base Erosion (GloBE) rules (Pillar Two) and determined there are no significant tax risks as of the reporting date[71](index=71&type=chunk)