Financial Performance - The company reported a profit attributable to equity holders of HKD 152,140,000 for the six months ended June 30, 2021, representing a 256% increase from HKD 42,785,000 in 2020[5]. - Total revenue and other income for the same period was HKD 161,767,000, up 44% from HKD 112,235,000 in 2020[3]. - Earnings per share increased to HKD 4.45, a 259% rise compared to HKD 1.24 in the previous year[3]. - Total comprehensive income attributable to equity holders for the period was HKD 376,092,000, compared to HKD 221,411,000 in the previous year, representing an increase of 69.9%[34]. - Other comprehensive income after tax for the period was HKD 223,952,000, compared to a loss of HKD 264,196,000 in the previous year[33]. - The gross profit for the same period was HKD 153,381,000, compared to HKD 104,235,000 in 2020, reflecting a significant increase[28]. - Operating profit rose to HKD 168,377,000 for the six months ended June 30, 2021, compared to HKD 71,613,000 in the previous year[28]. - The company reported a total operating profit of HKD 171,828,000 for the six months ended June 30, 2021, compared to HKD 65,563,000 in the same period of 2020[79]. Investment Portfolio - The company’s investment portfolio increased by 7.87% year-on-year, with financial assets at fair value through profit or loss totaling HKD 456,000,000, accounting for 8.4% of total assets[9]. - The investment in Shanghai Commercial & Savings Bank is valued at HKD 2,208,000,000, representing approximately 40.8% of the company's total assets[11]. - The investment portfolio has seen a year-to-date increase of approximately USD 3,200,000 or 5.6% as of August 24, 2021[10]. - The group's investment properties are valued at HKD 2,301,000,000 as of June 30, 2021, an increase from HKD 2,272,000,000 as of December 31, 2020[14]. - The total value of investment properties increased to HKD 2,470,300,000 as of June 30, 2021, up from HKD 2,431,900,000 at the end of 2020, reflecting a fair value change of HKD 38,400,000[94][96]. - The fair value of financial assets and liabilities is categorized into three levels based on the inputs used in the valuation techniques, with a total of HKD 2,675,865,000 in assets measured at fair value[62]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 5,409,642,000, an increase from HKD 5,068,499,000 as of December 31, 2020, reflecting a growth of 6.7%[36]. - Total equity increased to HKD 5,304,919,000 from HKD 4,978,908,000, marking a rise of 6.5%[36]. - The company's retained earnings rose to HKD 3,412,442,000 from HKD 3,310,383,000, an increase of 3.1%[36]. - The total liabilities increased to HKD 104,723,000 from HKD 89,591,000, reflecting a rise of 17.0%[36]. - The debt-to-equity ratio decreased from 0.1% as of December 31, 2020, to 0.06% as of June 30, 2021[14]. - The company’s total liabilities as of June 30, 2021, were HKD 104,723,000, with unallocated liabilities of HKD 73,229,000[76]. Cash Flow and Dividends - Cash and cash equivalents decreased to HKD 65,742,000 from HKD 123,243,000, a decline of 46.6%[45]. - The company reported a cash outflow from operating activities of HKD 3,451,000 for the current period, compared to an inflow of HKD 12,737,000 in the previous year[45]. - The company paid dividends of HKD 47,781,000 for the year 2020, slightly down from HKD 48,122,000 in the previous year[45]. - The company declared a special dividend of HKD 0.70 per share for the year 2020, consistent with the previous year's special dividend[11]. - The company did not declare an interim dividend for the six months ended June 30, 2021, compared to no interim dividend declared in the same period of 2020[11]. Operational Highlights - The rental rate for the company's industrial property in Kwun Tong is currently at 89.9%, with efforts to attract new tenants through favorable leasing terms[6]. - The company employed 13 staff members as of June 30, 2021, maintaining the same number as in 2020[21]. - The company incurred employee benefits expenses of HKD 15,161,000 for the six months ended June 30, 2021, an increase from HKD 14,487,000 in the previous year[79]. - The company's real estate segment generated revenue of HKD 41,339,000, while the financial investment segment contributed HKD 120,428,000 for the six months ended June 30, 2021[71]. Market Conditions and Risks - The company anticipates challenges from the ongoing pandemic and rising inflation rates, which may impact global stock market performance[10]. - The group’s overall risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[56]. Share Repurchase - The company repurchased a total of 56,000 shares during the six months ended June 30, 2021, at a total cost of HKD 2,300,025[15]. - The company repurchased a total of 56,000 shares during the period, with a total payment of HKD 2,300,000, down from HKD 5,140,000 for 115,000 shares repurchased in the previous year, indicating a decrease of approximately 55.3% in repurchase expenditure[109].
NANYANG HOLD(00212) - 2021 - 中期财报