滨海投资(02886) - 2024 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$3,495,192, representing a 12$3,119,303 in the same period of 2023[4] - Gross profit decreased by 17% to HK$319,607 from HK$384,415 year-over-year[4] - Profit for the period was HK$171,176, a slight increase of 0$170,481 in the previous year[6] - Basic earnings per share attributable to owners rose by 1% to 12.41 cents from 12.31 cents[6] - Total comprehensive income for the period was HK$111,216, compared to HK$73,223 in the same period of 2023[7] - Profit for the period was HK$167,924,000, contributing to a total comprehensive income of HK$109,640,000 after accounting for other comprehensive loss[11] - Total segment revenue from external customers for the six months ended 30 June 2024 was HK$3,495,192,000, with sales of piped natural gas contributing HK$3,295,229,000[29] - Profit before income tax for the six months ended June 30, 2024, was HK$213,024,000, compared to HK$175,807,000 in the previous year, reflecting a growth of approximately 21.3%[30] - Profit attributable to owners of the Company for the six months ended 30 June 2024 was HK$167,924,000, slightly up from HK$166,436,000 in 2023, indicating a growth of 0.9%[44] Assets and Liabilities - Total assets decreased by 6% to HK$8,056,480 from HK$8,590,782 as of December 31, 2023[4] - Total liabilities decreased by 8% to HK$5,738,372 from HK$6,270,231[4] - Current assets decreased from HK$1,875,411,000 to HK$1,416,759,000, a reduction of about 24.4%[10] - Total equity attributable to owners of the Company increased slightly from HK$2,233,390,000 to HK$2,240,203,000, reflecting a growth of approximately 0.3%[11] - Non-current liabilities increased significantly from HK$2,059,386,000 to HK$3,000,074,000, marking an increase of approximately 45.7%[9] - Current liabilities decreased from HK$4,051,960,000 to HK$2,580,500,000, a decline of about 36.3%[10] - As of June 30, 2024, the Group's current liabilities exceeded its current assets by approximately HK$1,163,741,000[18] Cash Flow and Financing - Cash generated from operating activities decreased significantly to HK$104,913,000 from HK$288,015,000, representing a decline of about 63.5$66,306,000, down from HK$255,255,000, indicating a decrease of approximately 74$15,179, significantly up from HK$2,847 in the previous year[5] - The company experienced a net cash outflow from investing activities of HK$138,207,000, compared to HK$172,110,000 in the prior year, which is a reduction of approximately 19.7$3,907,086, showing a slight increase from HK$3,905,630 as of December 31, 2023[56] - Current borrowings decreased to HK$907,012 from HK$1,846,244, reflecting a reduction in short-term liabilities[56] Dividends and Shareholder Information - The company approved dividends totaling HK$102,827,000 for the last year, which included HK$62,725,000 from retained earnings[11] - The total 2023 Final Dividend recommended was approximately HK$102,827,000, down 24% from HK$135,203,000 in 2022[40] - The Company did not declare an interim dividend for the six months ended 30 June 2024[40] - The company’s largest shareholder, TEDA HK, holds a 36.56$3,295,229,000, representing an increase of HK$501,479,000 or 18$2,793,750,000 for the same period last year[103] - The total gas sales volume in the first half of 2024 was 1.327 billion cubic meters, a year-on-year increase of 23.2%, with piped natural gas sales reaching 0.947 billion cubic meters, an increase of 23.9%[109] - The Group's strategic focus includes the continuous optimization of upstream and downstream industry chains as part of the "14th Five-Year Plan"[109] - The Group has established a supply chain company in Shenzhen to enhance resource coordination and market expansion efforts[109] Employee and Governance - The Group had a total of 1,741 employees, a slight decrease from 1,752 employees as of December 31, 2023[119] - Employee salaries and wages for the period amounted to HK$121,200,000, representing an increase of approximately 3.5$117,168,000 for the same period in 2023[119] - The Company has adopted a Code of Conduct for securities transactions by Directors, ensuring compliance with the Model Code for Securities Transactions by Directors of Listed Issuers[140] - The Board comprises three executive Directors and three non-executive Directors as of the report date[146]