Financial Performance - Total revenue for the six months ended September 30, 2022, was HKD 6,785.2 million, representing a 4.8% increase from HKD 6,472.8 million in the same period last year[13]. - Gross profit decreased slightly to HKD 2,508.3 million, down 0.7% from HKD 2,525.3 million year-on-year[13]. - Profit attributable to owners of the company was HKD 970.4 million, a decrease of 4.8% compared to HKD 1,019.7 million in the previous year[13]. - Basic earnings per share were HKD 0.5945, down 6.5% from HKD 0.6361 in the prior period[13]. - Net profit for the period was HKD 1,510,416, a decrease of 4.3% from HKD 1,578,777 in the previous year[28]. - The group reported a net profit of HKD 1,510,416 for the period, compared to HKD 1,578,777 in the same period last year, indicating a decrease of about 4.32%[47]. - Total income tax expense for the six months ended September 30, 2022, was HKD 496,122,000, down 3.2% from HKD 512,588,000 in 2021[53]. Assets and Liabilities - Total assets increased to HKD 57,256.6 million, a 0.3% rise from HKD 57,064.4 million year-on-year[13]. - Total liabilities rose to HKD 37,379.9 million, reflecting a 2.2% increase from HKD 36,581.7 million[13]. - Net asset value decreased to HKD 19,876.8 million, down 3.0% from HKD 20,482.7 million[13]. - Total assets as of September 30, 2022, were HKD 40,062,673, a decrease from HKD 40,565,527 as of March 31, 2022[29]. - The total liabilities as of September 30, 2022, amounted to HKD 20,981,517, compared to HKD 19,248,385 as of March 31, 2022, reflecting an increase of approximately 9.0%[30]. - The total liabilities as of September 30, 2022, were HKD 4,980,486,000, compared to HKD 4,673,899,000 at the end of March 2022, indicating a rise of 6.5%[63]. Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 6,302,752 from HKD 6,022,821, indicating improved liquidity[29]. - The net cash inflow from operating activities for the six months ended September 30, 2022, was HKD 1,292,878, a decrease from HKD 1,683,923 in the previous year, representing a decline of approximately 23.2%[32]. - The cash and cash equivalents at the end of the period were HKD 6,302,752, an increase from HKD 4,672,012 in the previous year, representing a growth of about 34.8%[32]. - The group maintained a strong liquidity position with cash and cash equivalents totaling approximately HKD 6,880,600,000 as of September 30, 2022, up from HKD 6,529,200,000 on March 31, 2022[84]. Dividends - The interim dividend remained stable at HKD 0.16 per share, consistent with the previous year[13]. - The interim dividend declared was HKD 0.16 per share, unchanged from the previous year, totaling HKD 261,172,000[55]. Segment Performance - The segment profit for the urban water supply and construction division was HKD 1,913,546, while the environmental segment reported a profit of HKD 251,229, and the property development and investment segment showed a profit of HKD 56,212, contributing to a total segment profit of HKD 2,205,328[47]. - The revenue from the urban water supply and construction segment was HKD 5,152,800,000, a slight increase of 0.1% compared to HKD 5,145,700,000 in the previous year[80]. - The environmental protection segment's revenue rose significantly by 22.3% to HKD 729,000,000 from HKD 596,100,000 in the previous year[81]. - The property segment recorded a revenue of HKD 373,400,000, a decrease of 38.3% from HKD 386,500,000 in the previous year[82]. Financial Risks and Management - The group has various financial risks including market risk, credit risk, and liquidity risk[38]. - The company maintains strict control over receivables to minimize credit risk, with overdue balances regularly reviewed by senior management[62]. - The group has not utilized derivative financial instruments to hedge foreign currency risks and closely monitors its non-Renminbi borrowings[87]. Shareholder Information - As of September 30, 2022, the largest shareholder, Asset Full Resources Limited, holds 471,036,301 shares, representing approximately 28.86% of the company's issued share capital[93]. - ORIX Corporation is another significant shareholder, holding 291,170,277 shares, which accounts for approximately 17.84% of the company's issued share capital[93]. Corporate Governance - The group has complied with all applicable provisions of the Corporate Governance Code, except for deviations regarding the roles of the chairman and CEO, and the rotation of directors[95]. - The board believes that the current structure of leadership does not impair the balance of power between the board and management, supporting effective decision-making[95].
中国水务(00855) - 2023 - 中期财报