澳博控股(00880) - 2024 - 中期业绩

Financial Performance - The group's total net revenue for the six months ended June 30, 2024, was HKD 13,801 million, representing a 47.4% increase from HKD 9,362 million in the same period of 2023[2] - Gaming net revenue reached HKD 12,897 million, up 48.3% from HKD 8,695 million year-on-year[2] - Adjusted EBITDA for the group was HKD 1,734 million, a significant increase of 275.9% compared to HKD 461 million in the previous year[2] - The company reported a loss attributable to shareholders of HKD 162 million, an improvement from a loss of HKD 1,264 million in the same period last year[2] - The group's total revenue for the six months ended June 30, 2024, was HKD 14,695.6 million, a 49.5% increase from HKD 9,840.7 million in the same period of 2023[17] - The gaming business reported revenue of HKD 13,791.3 million, up 50.5% from HKD 9,174.2 million year-on-year[22] - The hotel, restaurant, retail, and leasing business generated revenue of HKD 904.3 million, an increase of 35.6% compared to HKD 666.5 million in the previous year[17] - The company reported a basic and diluted loss per share of HK$0.023 and HK$0.023 for the six months ended June 30, 2024, compared to HK$0.178 for both in the same period of 2023[28] - The total loss attributable to the company's owners for the six months ended June 30, 2024, was HK$162.4 million, a significant decrease from HK$1,264.1 million in the same period of 2023[28] Assets and Liabilities - The group recorded cash, bank balances, and short-term bank deposits of HKD 3,433 million as of June 30, 2024, with total debt amounting to HKD 26,967 million[3] - As of June 30, 2024, the company's non-current liabilities totaled HKD 29,148.4 million, a decrease of 4.1% from HKD 30,379.0 million as of December 31, 2023[8] - The company's net asset value as of June 30, 2024, was HKD 13,969.8 million, down from HKD 14,085.2 million as of December 31, 2023, reflecting a decline of 0.8%[9] - The group's total assets as of June 30, 2024, were HKD 48,328.3 million, down from HKD 49,739.7 million at the end of 2023[20] - The total liabilities decreased to HKD 34,358.5 million from HKD 35,654.5 million at the end of 2023[20] - The company reported a decrease in bank loans due in more than one year, from HKD 14,265.2 million to HKD 12,953.7 million, a reduction of 9.2%[8] - The company's total equity, including non-controlling interests, was HKD 13,969.8 million as of June 30, 2024, compared to HKD 14,085.2 million at the end of 2023[9] Operational Highlights - The average daily room rate for the group's hotels decreased by 15.1% to HKD 1,155, while occupancy rates increased by 10.9% to 94.8%[3] - The adjusted property EBITDA for the group's flagship properties showed significant improvement, with the overall EBITDA for the new property reaching HKD 1,010 million, up from HKD 473 million in the previous year[3] - The group holds a 12.5% share of Macau's gross gaming revenue, including 15.2% of the mass table gaming revenue and 4.4% of the VIP gaming revenue[3] - The gaming business's pre-tax loss was HKD 85.2 million for the six months ended June 30, 2024, compared to a loss of HKD 1,196.9 million in the same period of 2023[23] - The group’s pre-tax loss before allocation of corporate income and expenses was HKD 1,147.3 million for the first half of 2024[23] Strategic Initiatives - The company is committed to enhancing its operational strategies in both gaming and hospitality sectors to drive future growth and market expansion[14] - The company plans to continue expanding its market presence and enhancing its product offerings in the coming periods[36] - The company completed two strategic acquisitions to enhance its dining leadership and strengthen its presence in the mass market[46] - The company plans to open a new dining and social hotspot in Macau by the end of 2024, following the acquisition of a landmark building[46] - The company actively participated in major events to promote Macau as a high-end sports tourism destination, enhancing its international reputation[46] Compliance and Reporting - The company has applied revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on the financial position or performance during the reporting period[13] - The company’s financial statements are prepared in accordance with Hong Kong Accounting Standards, ensuring compliance with local regulations[11] Cash Management - As of June 30, 2024, the group's bank balances and cash amounted to HKD 24.24 billion, a decrease of 31.6% from HKD 35.42 billion on December 31, 2023[48] - The total outstanding bank loans as of June 30, 2024, was HKD 140.12 billion, down from HKD 152.36 billion on December 31, 2023[48] - The group's asset-liability ratio at the end of the reporting period was 52.4%, slightly up from 52.2% on December 31, 2023[49] - The contracted capital expenditure commitments as of June 30, 2024, were HKD 7.44 billion, an increase from HKD 4.27 billion on December 31, 2023[50] Employee and Market Engagement - The group has maintained a low employee turnover rate with approximately 19,700 full-time employees as of June 30, 2024[53] - The group has not made any significant acquisitions or disposals of subsidiaries or associates during the reporting period[53] - The group has no current hedging against interest rate risks but may consider this in the future[52] - The group’s cash and bank deposits are primarily denominated in HKD, USD, or MOP, minimizing foreign exchange volatility risk[52] - The group has not purchased, sold, or redeemed any listed securities during the six months ended June 30, 2024[54]