建滔集团(00148) - 2024 - 中期业绩

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 20,415.2 million, representing a 9% increase compared to HKD 18,719.9 million in the same period of 2023[3]. - EBITDA for the same period was HKD 3,736.0 million, up 12% from HKD 3,337.2 million year-over-year[3]. - Profit before tax increased by 18% to HKD 2,138.7 million from HKD 1,813.6 million in the previous year[3]. - Net profit attributable to shareholders rose by 8% to HKD 1,506.9 million, compared to HKD 1,389.6 million in the prior year[3]. - Basic earnings per share increased to HKD 1.360 from HKD 1.253, reflecting a 9% growth[3]. - Total comprehensive income for the period was HKD 997.1 million, compared to a loss of HKD 199.7 million in the same period last year[7]. - The performance by segment showed that the copper-clad laminate segment generated HKD 8,883,205 in revenue, while the printed circuit board segment contributed HKD 5,811,301, and the chemical products segment brought in HKD 6,515,387[19]. - The total profit before tax for the six months ended June 30, 2024, was HKD 2,138,702, compared to HKD 1,813,597 for the same period in 2023, indicating an increase of about 18%[19][21]. Dividends and Shareholder Returns - The interim dividend per share was raised by 150% to HKD 0.40 from HKD 0.16, with a special interim dividend of HKD 0.50 declared in the previous year[3]. - The group declared an interim dividend of HKD 0.40 per share, representing a 150% increase compared to the previous year[40]. Assets and Liabilities - As of June 30, 2024, total non-current assets amounted to HKD 55,736,668, an increase from HKD 54,792,718 as of December 31, 2023, representing a growth of 1.72%[9]. - Current assets totaled HKD 44,071,252, slightly decreased from HKD 44,175,808 as of December 31, 2023, indicating a decline of 0.24%[9]. - Total liabilities were HKD 64,950,893, up from HKD 64,434,622, marking an increase of 0.80%[10]. - The net asset value decreased to HKD 24,247,734 from HKD 25,252,687, a decline of 3.97%[9]. - The company’s total current liabilities increased to HKD 19,823,518 from HKD 18,923,121, an increase of 4.75%[9]. - The company's total equity attributable to shareholders increased to HKD 60,157,783 from HKD 59,741,361, a growth of 0.70%[10]. Cash Flow and Debt Management - The net debt-to-equity ratio increased to 30% from 28% year-over-year[3]. - The company's cash and cash equivalents were HKD 4,046,772, down from HKD 4,088,322, a decrease of 1.02%[9]. - The financing costs for the six months ended June 30, 2024, amounted to HKD 615,259, up from HKD 503,055 in the previous year, reflecting a rise of approximately 22%[24]. - The group maintained a healthy financial position with a current ratio of 2.22, slightly down from 2.33 as of December 31, 2023[47]. Operational Highlights - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5]. - The copper-clad laminate division is expected to benefit from government policies stimulating demand for electronic products, with plans to increase production capacity by 400,000 units per month in Thailand[54]. - The printed circuit board (PCB) division is experiencing significant demand growth driven by emerging applications such as AI, high-speed computing, and electric vehicles, with a planned increase in production capacity of 500,000 square feet per month in the second half of the year[55]. - The chemical division is set to launch an 800,000-ton acetic acid project in Hebei by the end of 2024, utilizing advanced low-energy carbon capture technology[57]. Sustainability and Investment - Cumulative investment in distributed solar photovoltaic power generation projects reached HKD 700 million, producing 60 million kWh of green electricity in the first half of 2024, saving 16,200 tons of standard coal and reducing CO2 emissions by approximately 36,000 tons[51]. - The group has saved over HKD 1.76 billion in total expenses as of June 30, 2024, with an expected cumulative investment of about HKD 900 million by December 31, 2024, projected to save HKD 180 million in electricity costs annually[51]. - The group has invested approximately HKD 150 million in thermal energy recovery equipment, reducing CO2 emissions by 25,000 tons in the first half of 2024, and saving a total of over HKD 380 million in expenses[51]. Employee and Management - The group employs approximately 34,000 employees globally as of June 30, 2024, maintaining a strong performance through effective human resource management[49]. - The group is enhancing cash flow management and focusing on cost control while leveraging technology to improve management efficiency[52].