和记电讯香港(00215) - 2024 - 中期业绩

Financial Performance - Total revenue for the first half of 2024 decreased by 12% to HKD 2,058 million compared to HKD 2,328 million in the same period of 2023[2] - Service revenue declined by 2% to HKD 1,760 million, while roaming service revenue increased by 31% to HKD 308 million[5] - The group reported a loss attributable to shareholders of HKD 12 million, an improvement of 37% compared to a loss of HKD 19 million in the previous year[3] - The interim dividend for the first half of 2024 is declared at HKD 2.28 per share, unchanged from the previous year[4] - The group aims to improve financial performance with a goal of achieving profitability for the full year[7] - Revenue for the six months ended June 30, 2024, was HKD 2,058 million, a decrease of 11.6% compared to HKD 2,328 million in the same period of 2023[18] - The company reported a loss of HKD 12 million for the period, an improvement from a loss of HKD 19 million in the previous year[19] - Basic and diluted loss per share was HKD 0.25, compared to HKD 0.39 in the same period last year, indicating a 35.9% improvement[18] - The company’s total comprehensive loss for the period was HKD 20 million, reflecting a decrease in overall financial performance compared to previous periods[21] Customer Metrics - Customer base grew by 25% to approximately 4.3 million, driven by an increase in prepaid customers including SoSIM[6] - The number of postpaid customers decreased by 2% to 1,444 thousand, while prepaid customers increased by 46% to 2,827 thousand, resulting in a total customer base of 4,271 thousand, a 25% increase year-on-year[10] - 5G penetration rate increased by 13 percentage points to 51% compared to the same period last year[6] - Monthly postpaid customer churn rate slightly increased to 1.0%, primarily due to changes in enterprise customers[10] Operational Efficiency - EBITDA remained stable at HKD 728 million, supported by effective cost-saving measures[5] - EBITDA for the first half of 2024 remained stable at HKD 728 million, supported by lower operating expenses despite higher customer acquisition costs[9] - Total operating expenses for the six months ended June 30, 2024, were HKD 830 million, a reduction of 8.3% compared to HKD 905 million in the previous year[34] - The total gross profit remained stable at HKD 1,523 million, supported by a favorable gross profit mix[9] - Capital expenditure increased by 2% to HKD 166 million, maintaining 9% of service revenue, with a focus on operational efficiency and cost reduction[12] Financial Position - The group maintained a strong financial position with cash and bank balances of HKD 3,630 million as of June 30, 2024[11] - Non-current assets totaled HKD 9,389 million as of June 30, 2024, a decrease from HKD 9,715 million at the end of 2023[20] - Current assets amounted to HKD 4,839 million, slightly down from HKD 4,845 million at the end of 2023[20] - Total liabilities decreased to HKD 4,633 million from HKD 4,702 million, indicating a reduction of 1.5%[20] - The company’s net assets stood at HKD 9,595 million, down from HKD 9,858 million at the end of 2023[20] - Cash and cash equivalents decreased to HKD 844 million as of June 30, 2024, from HKD 1,910 million at the beginning of the year, representing a reduction of approximately 55.8%[24] - The company’s equity structure remains stable with no changes in share capital or share premium during the reporting period[21] Investments and Commitments - The company has capital commitments of HKD 197 million as of June 30, 2024, compared to HKD 121 million as of December 31, 2023, representing an increase of 62.8%[50] - The group provided performance, financial, and other guarantees amounting to HKD 17.61 billion as of June 30, 2024, an increase from HKD 12.27 billion on December 31, 2023[58] - The total capital commitments related to properties, facilities, and equipment amounted to HKD 1.97 billion as of June 30, 2024, up from HKD 1.21 billion on December 31, 2023[59] Sustainability and Governance - The group continues to focus on sustainable growth, aiming for regular sustainable profits, cash flow, and dividend growth while addressing social and environmental challenges[60] - The group has established eight sustainability goals aligned with the United Nations Sustainable Development Goals, focusing on governance, sustainable business models, and social responsibility[63] - The company has complied with all applicable corporate governance code provisions during the six months ending June 30, 2024[66] - The board has adopted a strict code governing securities transactions by directors, ensuring compliance during the six-month period ending June 30, 2024[67]