力鸿检验(01586) - 2023 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2023, was HK$505,380,000, representing a 17$431,761,000 in the same period of 2022[5] - Gross profit for the same period was HK$230,847,000, up 27$181,959,000 year-over-year[5] - Profit before tax increased to HK$82,049,000, a 50$54,562,000 in the prior year[5] - Profit for the period reached HK$68,497,000, reflecting a 50$45,565,000 in the previous year[5] - Basic earnings per share attributable to ordinary equity holders was 10.01 HK cents, compared to 7.45 HK cents in the same period last year[19] - Total comprehensive income for the period was HK$59,823,000, up from HK$40,177,000 in the prior year[19] - Profit attributable to owners of the Company for the same period was HK$48,288,000, up from HK$35,822,000, indicating a growth of about 35%[44] - Profit for the period attributable to owners of the Company was HK$48,288,000 for the six months ended 30 June 2023, compared to HK$35,822,000 for the same period in 2022, representing a growth of 34.4%[103] Assets and Liabilities - For the six months ended June 30, 2023, total assets amounted to HK$457,434,000, an increase from HK$430,899,000 as of December 31, 2022, representing a growth of approximately 6%[33] - The net current assets as of June 30, 2023, were HK$238,168,000, a decrease from HK$249,339,000 at the end of 2022, indicating a decline of about 4.5%[33] - The company reported a net asset value of HK$551,698,000 as of June 30, 2023, compared to HK$487,025,000 at the end of 2022, reflecting an increase of approximately 13.3%[34] - The total equity attributable to owners of the company increased to HK$424,856,000 as of June 30, 2023, compared to HK$378,268,000 at the end of 2022, representing a growth of approximately 12.3%[34] - The company reported cash and cash equivalents of HK$213,846,000 as of June 30, 2023, a decrease from HK$222,254,000 at the end of 2022, indicating a decline of about 3.8%[33] - The total liabilities decreased from HK$72,993,000 as of December 31, 2022, to HK$61,604,000 as of June 30, 2023, representing a decline of about 15.6%[181] Expenses and Income - Administrative expenses slightly increased to HK$113,814,000 from HK$112,979,000 year-over-year[5] - The company reported other income of HK$2,399,000, down from HK$6,887,000 in the same period last year[5] - Finance costs decreased to HK$1,901,000 from HK$2,153,000, indicating improved financial management[5] - Other income for the six months ended 30 June 2023 included interest income of HK$1,149,000 and government subsidies of HK$969,000[111] - The company reported a loss on foreign exchange difference of HK$519,000 for the period, compared to a gain of HK$145,000 in the previous year[111] Strategic Focus and Development - The company is focusing on expanding its ESG services, particularly in clean energy and environmental protection, under its "2+X" strategic framework[42] - The company aims to enhance its professional service capabilities in green low-carbon and energy-saving sectors, aligning with its ESG development strategy[42] - Future investment plans will prioritize potential mergers and acquisitions in green low-carbon sectors with sustainable growth potential[42] - The Company focuses on green low-carbon development as a new economic driver, aiming to capture emerging development opportunities in the market[43] - The Group actively seeks mergers and acquisitions opportunities in the global TIC market to enhance synergies and provide sustainable momentum for business expansion[43] Shareholder Returns - The company declared an interim dividend of HK$0.0269 per share for the six months ended 30 June 2023, compared to HK$0.022 per share for the same period in 2022[99] Acquisitions - The company acquired Shibiao Testing (Tianjin) Co., Ltd. on 4 May 2023, enhancing its environmental monitoring and testing services capabilities[79] - The Group's total consideration for the acquisition of Shibiao Testing was HK$2,602,000, with goodwill arising from the acquisition amounting to HK$3,140,000[125] - The net cash outflow arising from the acquisition of Shibiao Testing was HK$2,602,000 after accounting for cash equivalents acquired[125] - The Group acquired non-current assets worth HK$3,726,000 and current assets totaling HK$536,000 during the acquisition of Shibiao Testing[125] Other Financial Metrics - The gearing ratio is monitored based on total net debt divided by capital plus net debt, ensuring effective capital management[47] - The Group's credit risk arises from the default of counterparties, with maximum exposure equal to the carrying amounts of its financial assets[51] - The allowance for credit losses on trade receivables was HK$73,000 as of June 30, 2023, slightly down from HK$75,000 as of December 31, 2022[161] - The Group's prepayments increased significantly to HK$44,977,000 as of June 30, 2023, compared to HK$14,296,000 as of December 31, 2022[161] - The total trade payables as of June 30, 2023, were HK$36,196,000, down from HK$43,622,000 as of December 31, 2022, indicating a decrease of approximately 17.1%[176]