海丰国际(01308) - 2024 - 中期业绩

Financial Performance - For the six months ended June 30, 2024, revenue was approximately $1,300.5 million, an increase of about 3.8% compared to approximately $1,253.4 million for the same period in 2023[4] - Gross profit for the same period increased by approximately 21.2% to about $402.6 million, with a gross margin rising from approximately 26.5% to about 31.0%[4] - Profit for the six months ended June 30, 2024, rose by approximately 12.8% to about $352.8 million, compared to approximately $312.7 million in the same period of 2023[4] - Basic earnings per share for the period were 13.25 cents, up from 11.70 cents for the same period in 2023[4] - Total comprehensive income for the period was approximately $349.3 million, compared to $291.4 million for the same period in 2023[9] - The company's profit attributable to shareholders for the six months ended June 30, 2024, was $350,674,000, an increase of approximately 12.9% from $310,297,000 for the same period in 2023[30] - The pre-tax profit increased from approximately $322.2 million to about $362.4 million[55] - The profit for the period increased by approximately 12.8%, from about $312.7 million to approximately $352.8 million[57] Dividends and Shareholder Returns - The interim dividend declared was 72 HK cents per share, equivalent to approximately 9.22 US cents per share[4] - The interim dividend declared was $0.072 per share, amounting to a total of $247,264,000, compared to $0.060 per share totaling $205,414,000 in the same period of 2023, representing an increase of 20%[27] - An interim dividend of HKD 0.72 per share (equivalent to USD 0.0922) has been declared for the six months ending June 30, 2024, an increase from HKD 0.60 per share for the same period last year[69] Assets and Liabilities - Non-current assets totaled approximately $2,095.9 million as of June 30, 2024, compared to $2,025.9 million as of December 31, 2023[11] - Current assets increased to approximately $754.0 million as of June 30, 2024, from $626.6 million as of December 31, 2023[11] - The net asset value increased to approximately $2,116.3 million as of June 30, 2024, compared to $1,931.1 million as of December 31, 2023[12] - Total assets increased by about 7.4% from approximately $2,652.5 million to about $2,850.0 million[59] - Trade receivables as of June 30, 2024, totaled $153,423,000, up from $113,333,000 as of December 31, 2023[32] - Trade payables as of June 30, 2024, amounted to $233,318,000, an increase from $203,514,000 as of December 31, 2023[33] Costs and Expenses - The total financial costs for the six months ended June 30, 2024, were $7,345,000, a decrease of 30.5% from $10,511,000 in the same period of 2023[23] - The total tax expense for the six months ended June 30, 2024, was $9,532,000, slightly down from $9,561,000 in the same period of 2023[25] - The company reported a decrease in bank loan interest from $5,616,000 in 2023 to $3,180,000 in 2024, a reduction of 43.3%[23] - The cost of marine fuel consumed was $158,762,000 for the six months ended June 30, 2024, down from $162,742,000 in 2023, indicating a decrease of 2.2%[24] - The employee costs for the period were approximately $97.4 million, down from $102.2 million in the previous year[63] Operational Metrics - Container shipping volume increased by about 10.0% from 1,550,075 TEUs in the six months ended June 30, 2023, to 1,705,164 TEUs in the same period of 2024[39] - Average freight rate decreased by approximately 5.3% from $667.5 per TEU in the six months ended June 30, 2023, to $632.4 per TEU in the same period of 2024[42] - The company operated 78 trade routes as of June 30, 2024, compared to 72 routes in the previous year, with weekly port calls increasing from 443 to 475[42] - The fleet consisted of 108 vessels with a total capacity of 170,380 TEUs, including 99 owned vessels and 9 chartered vessels, with an average vessel age of 9.2 years[37] - Capital expenditures for the first half of 2024 were $130.2 million, with $105.1 million allocated for vessel acquisitions[36] - The company aims to optimize its operational model and expand service coverage to meet customer supply chain management needs[39] - The company plans to continue purchasing container ships and investing in logistics projects, with 6 new container ships expected to be delivered in the second half of 2024[66] Revenue Composition - The total revenue increased by approximately 3.8% from about $1,253.4 million for the six months ended June 30, 2023, to about $1,300.5 million for the same period in 2024, driven by a 10.0% increase in container throughput[43] - The cost of sales decreased by approximately 2.5% from about $921.2 million to about $897.9 million, primarily due to a reduction in the number and cost of chartered vessels[44] - Other income and gains decreased significantly from about $38.9 million to approximately $7.8 million, mainly due to lower gains from vessel sales and derivative instruments[47] - The company did not recognize any ship charter income for the six months ended June 30, 2024, compared to $154,000 in 2023, indicating a complete cessation of this revenue stream[21] - The company’s income from other rental sources increased slightly from $1,043,000 in 2023 to $1,078,000 in 2024, marking a growth of 3.4%[21] Depreciation and Amortization - The depreciation of property, plant, and equipment increased to $54,332,000 in 2024 from $48,173,000 in 2023, reflecting an increase of 12.5%[24]