建滔集团(00148) - 2024 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 20,415,160, an increase of 9.0% compared to HKD 18,719,860 in 2023[2] - Gross profit for the same period rose to HKD 4,587,285, reflecting a 18.2% increase from HKD 3,880,196 in 2023[2] - Profit for the period attributable to the company's shareholders was HKD 1,506,928, up 8.4% from HKD 1,389,609 in the previous year[2] - Basic and diluted earnings per share increased to HKD 1.360, compared to HKD 1.253 in 2023, representing an increase of 8.5%[2] - Total comprehensive income for the period was HKD 997,132, a significant recovery from a loss of HKD 199,741 in the same period last year[6] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 55,736,668, compared to HKD 54,792,718 at the end of 2023[7] - Current assets increased to HKD 44,071,252 from HKD 44,175,808 at the end of 2023, indicating a slight decrease[7] - Total liabilities as of June 30, 2024, were HKD 19,823,518, up from HKD 18,923,121 at the end of 2023[9] - Net assets increased to HKD 64,950,893 from HKD 64,434,622 at the end of 2023, showing a growth of 0.8%[9] Cash Flow - For the six months ended June 30, 2024, the net cash used in operating activities was HKD (317,634) thousand, compared to HKD 1,083,326 thousand for the same period in 2023[15] - The net cash used in investing activities was HKD (887,618) thousand, a significant decrease from HKD (5,203,441) thousand in the previous year[15] - The net cash generated from financing activities was HKD 1,163,702 thousand, down from HKD 2,163,766 thousand in the prior year[15] - As of June 30, 2024, cash and cash equivalents decreased to HKD 4,046,772 thousand from HKD 4,736,987 thousand at the end of June 2023[15] Shareholder Equity - The total equity attributable to the company's owners as of June 30, 2024, was HKD 59,105,181 thousand, compared to HKD 60,057,655 thousand at the beginning of the period[13] - The company’s retained earnings as of June 30, 2024, were HKD 50,326,419 thousand, reflecting a decrease from HKD 50,079,395 thousand at the beginning of the period[13] - The company declared a final dividend payable of HKD (398,992) thousand for the period[13] Segment Performance - The segment performance for the copper-clad laminate division was HKD 1,129,077,000, representing a significant increase compared to HKD 718,816,000 in the previous year[22][26] - The chemical products segment reported a profit of HKD 280,956,000, up from HKD 170,253,000, indicating a growth of 65%[22][26] - The copper-clad laminate segment's revenue increased by 7% to HKD 8,883.2 million, driven by rising demand in the traditional electronics market and AI industry[67] - The printed circuit board segment's sales rose by 2% to HKD 5,813.1 million, with a 16% increase in EBITDA to HKD 1,128.0 million[70] - The chemical segment's revenue surged by 27% to HKD 6,554.0 million, with EBITDA increasing by 43% to HKD 444.0 million[70] Financing Costs - The company reported a financing cost of HKD 615,259, which is an increase from HKD 503,055 in the previous year, reflecting a rise of 22.3%[2] - The income tax expense for the six months ended June 30, 2024, was HKD 417,239,000, compared to HKD 287,102,000 in the same period last year, marking a 45% increase[31] Investments and Impairments - The group recognized an impairment loss of HKD 6.279 million on the bonds held during the reporting period, with a cumulative credit loss of HKD 1.587562 billion[78] - The fair value of the investment in Guangzhou R&F Properties amounted to HKD 2.283441 billion, with a total impairment loss of HKD 2.207346 billion[74] - The group did not purchase or sell any debt instruments of Guangzhou R&F Properties during the reporting period[77] Stock Options and Shareholder Rights - The company has a share option plan that allows the board to grant options to eligible participants, with a total issuance cap of 10% of the company's issued shares as of the plan's approval date[44] - The total number of stock options authorized for grant under the plan as of January 1, 2024, and June 30, 2024, is 46,405,223[51] - The total number of stock options outstanding as of June 30, 2024, remains at 72,800,000[58] - The total number of options granted and outstanding as of June 30, 2024, is 72,800,000 shares[129] Corporate Governance - The company has adopted and complied with the corporate governance code as per the Hong Kong Stock Exchange rules during the six months ending June 30, 2024[135] - The audit committee reviewed the accounting policies and practices adopted by the group for the six months ending June 30, 2024[134] - The company has confirmed compliance with the standard code of conduct for directors' securities transactions during the six months ending June 30, 2024[136]