华营建筑(01582) - 2023 - 中期财报

Business Performance - The total revenue for the Group for the six months ended June 30, 2023, decreased to approximately HK$2,832.1 million, compared to approximately HK$2,919.9 million for the same period in 2022, reflecting a decrease of about 3%[33]. - The total gross profit increased to approximately HK$150.5 million for the six months ended June 30, 2023, up from approximately HK$135.8 million for the same period in 2022, representing an increase of about 10%[34]. - Profit attributable to owners of the Company for the six months ended June 30, 2023, amounted to approximately HK$45.5 million, compared to approximately HK$41.5 million for the same period in 2022, marking an increase of about 10%[35]. - Revenue for the six months ended June 30, 2023, was HK$2,832,073,000, a decrease of 3.0$2,919,864,000 in the same period of 2022[197]. - Gross profit increased to HK$150,480,000, up 10.7$135,756,000 year-over-year[197]. - Profit for the period attributable to owners of the Company was HK$45,457,000, an increase of 9.6$41,460,000 in the same period last year[197]. Project Acquisition and Development - The Group was awarded a total of 6 new projects during the Reporting Period, generating revenue of approximately HK$2,832 million and a net profit of approximately HK$45.50 million[14]. - The successful acquisition of Zhejiang Construction Investment Environment Engineering Company Limited (ZCIEE) represents an expansion into new business areas, specifically environmental improvement and protection-related construction services[14]. - The Group plans to continue capitalizing on new development opportunities arising from Hong Kong's integration into the overall development of the country, with local construction tenders expected to grow due to large-scale projects like "Lantau Tomorrow" and "Northern Metropolis"[25]. - The Group's acquisition of ZCIEE is expected to expand its business presence and enhance profitability, contributing to environmental protection and ecological conservation in the PRC[25]. - During the Reporting Period, the Group was awarded 6 new projects with an aggregate original contract sum of approximately HK$0.4 billion and completed 9 projects totaling approximately HK$1.5 billion[42]. Financial Management and Costs - The Group's contract costs decreased by approximately HK$102.5 million or approximately 3.7$2,681.6 million for the Reporting Period[73][77]. - Administrative expenses increased by approximately HK$8.5 million to approximately HK$80.9 million, mainly due to higher professional service fees incurred during the Reporting Period[83]. - Finance costs increased by approximately HK$11.1 million to approximately HK$19.1 million, attributed to the rise in HIBOR and additional borrowings[90]. - Income tax expenses rose by approximately HK$3.5 million or approximately 63.6$8.9 million, with effective tax rates of approximately 16.2% for the Reporting Period[91]. Market Conditions and Economic Outlook - The economic recovery in the PRC and Hong Kong has been positive, although cost pressures have increased alongside this recovery[15]. - The construction industry in Hong Kong continues to face various impacts due to the changing economic environment post-pandemic[15]. - The Group anticipates that economic activities in Hong Kong will return to normal levels in the second half of 2023, although cost pressures are expected to increase[52]. Sustainability and Innovation - The Group is actively pursuing a sustainable development strategy and enhancing its diversified development[14]. - The Group's self-developed Digital Works Supervision System ("DWSS"), SmarTick Pro, obtained the ISO27001 Certification for Information Security Management System, making it the first company in Hong Kong to achieve this certification for DWSS[21]. - The Group aims to strengthen talent management by providing diversified training plans and development opportunities to enhance employee promotion mechanisms[26]. - The Group will deepen its diversified development strategy, focusing on innovative technologies such as smart construction sites and expanding its upstream and downstream development through investments and mergers[26]. Shareholder Information - An interim dividend of HK1.5 cents per share has been declared for shareholders, with the payment date set for September 12, 2023[36]. - The Board recommended an interim dividend of HK1.5 cents per ordinary share, down from HK2.5 cents in the previous period[101]. - As of June 30, 2023, the company had a total of 500,000,000 issued shares[162]. - The total number of shares held by substantial shareholders indicates a strong control over the company, with 72.23% held by a single entity[165].