Financial Performance - The company's profit attributable to shareholders for the first half of 2023 was HKD 721 million, an increase of 26.0% compared to the same period last year[3]. - The group's revenue for the first half of 2023 reached HKD 5,326 million, a 7% increase from HKD 4,977 million in the same period of 2022[10]. - The net profit for the period was HKD 734 million, representing a 24% increase compared to HKD 591 million in the first half of 2022[11]. - Basic earnings per share for the first half of 2023 were HKD 0.195, representing a 25.8% increase from the previous year[3]. - The total comprehensive income for the period was HKD 723 million, compared to HKD 544 million in the same period of 2022[12]. - The company reported a consolidated profit before tax of HKD 892 million for the six months ended June 30, 2023, compared to HKD 726 million in 2022, marking a 22.9% increase[23]. - The company reported an EBITDA of HKD 1.448 billion, reflecting a 9.4% increase compared to the previous year[41]. - The company’s profit for the six months ended June 30, 2023, increased by 24.2% to HKD 734 million, with profit attributable to shareholders rising by 26.0% to HKD 721 million, and basic earnings per share growing by 25.8% to HKD 19.5[41]. Revenue Growth - The main telecommunications service revenue reached HKD 4.69 billion, reflecting a growth of 6.8% year-on-year; total revenue was HKD 5.33 billion, up 7.0% year-on-year[3]. - Total revenue from telecommunications services reached HKD 4,690 million for the six months ended June 30, 2023, compared to HKD 4,393 million for the same period in 2022, representing an increase of 6.8%[21]. - Internet business revenue increased to HKD 705 million in the first half of 2023, up from HKD 649 million in 2022, reflecting an 8.6% growth[21]. - International telecommunications business revenue rose to HKD 1,951 million, a 13.8% increase from HKD 1,715 million in the previous year[21]. - Mobile communications service revenue increased by 10.7% to HKD 457 million, driven by recovery from the COVID-19 pandemic and an increase in mobile users[46]. Market Position and Expansion - As of June 30, 2023, the mobile market share of Macau Telecommunications reached 47.5%, an increase of 1.8 percentage points from the end of 2022, with approximately 316,000 5G users and a 5G market share of 78.9%[4]. - The company is actively expanding its overseas business, particularly in Southeast Asia, to enhance its digital solution offerings[8]. - The company expanded its international telecommunications business, enhancing platform capabilities and establishing strategic partnerships to penetrate the global IPX market[6]. - The company launched new data center services in Singapore and public cloud projects in Indonesia, integrating AI technology for drone solutions[5]. - The company aims to leverage the economic recovery in Macau by developing a high-quality 5G network and cloud platform to support smart city applications[8]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.06 per share, consistent with the previous year[3]. - The interim dividend declared for the year ending December 31, 2023, is HKD 0.06 per share, consistent with the previous year[82]. - The company maintained a dividend per share of HKD 6.0, unchanged from the previous year[41]. Operational Efficiency - The cost of providing telecommunications services was HKD 2,418 million, up from HKD 2,269 million, indicating a rise of 6.6%[25]. - Sales and service costs increased by 6.8% or HKD 194 million to HKD 3.037 billion, primarily due to higher telecom service revenue[53]. - Employee costs rose by 1.4% or HKD 8 million to HKD 577 million, attributed to higher average wages and increased headcount[55]. - Operating expenses were reduced by 10%, contributing to overall profitability[86]. Assets and Liabilities - Non-current assets as of June 30, 2023, totaled HKD 14,228 million, a slight decrease from HKD 14,537 million at the end of 2022[13]. - As of June 30, 2023, the total non-current liabilities amounted to HKD 4,504 million, a decrease from HKD 4,910 million as of December 31, 2022, representing a reduction of approximately 8.25%[15]. - The net asset value increased to HKD 10,528 million as of June 30, 2023, compared to HKD 10,471 million as of December 31, 2022, reflecting a growth of about 0.54%[15]. - The total equity attributable to shareholders rose to HKD 10,429 million from HKD 10,373 million, indicating an increase of approximately 0.54%[16]. - Net debt decreased to HKD 2.325 billion, with a net capital debt ratio improving from 20% to 18%[63]. Corporate Governance and Social Responsibility - The company has fully complied with the applicable corporate governance code provisions during the six months ended June 30, 2023, except for minor attendance issues at the annual general meeting[81]. - The company actively engaged in social responsibility initiatives, facilitating cross-border communication and developing fraud prevention services for overseas calls[7]. - The group emphasizes sustainable development principles in its operations, integrating social responsibility into its core strategy[80]. - The group has established policies for environmental protection and regularly reviews them to address climate change risks and opportunities[80]. Future Outlook and Strategy - The company provided a positive outlook for the next quarter, projecting a revenue increase of 12%[86]. - New product launches are expected to contribute an additional 50 million towards R&D initiatives[86]. - Market expansion plans include entering two new international markets by Q4 2023[86]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $300 million earmarked for potential deals[86]. - A new marketing strategy is being implemented, aiming to increase brand awareness by 25% in the next six months[86].
中信国际电讯(01883) - 2023 - 中期业绩