香港中华煤气(00003) - 2021 - 中期财报

Financial Performance - The group reported a net profit of HKD 4.2 billion for the six months ended June 30, 2021, an increase of HKD 1.23 billion or 41.4% compared to the same period last year[2]. - The group's revenue, excluding fuel adjustment costs, was HKD 24.405 billion, up from HKD 17.965 billion in 2020, representing a growth of 36.5%[3]. - The after-tax profit attributable to shareholders for the first half of the year was HKD 778 million, an increase of approximately 34% compared to the same period last year[14]. - The company reported a revenue of HKD 24,727.6 million for the six months ended June 30, 2021, representing a 35.6% increase from HKD 18,235.3 million in 2020[20]. - The net profit for the period was HKD 4,868.5 million, up 52.7% from HKD 3,188.1 million in the previous year[21]. - Basic and diluted earnings per share increased to HKD 22.5, compared to HKD 14.3 in 2020, reflecting a growth of 57.7%[20]. - The total comprehensive income for the period was HKD 5,199.7 million, significantly higher than HKD 1,383.1 million in 2020[21]. - The company declared a dividend of HKD 2,239.2 million for the period, compared to HKD 2,132.6 million in the previous year[20]. Customer and Market Growth - The number of customers in Hong Kong increased to 1,952,813 as of June 30, 2021, a rise of 9,036 from the end of 2020[3]. - The mainland city gas sales volume reached 15.899 million cubic meters, a significant increase from 12.453 million cubic meters in the previous year, reflecting a growth of 27.5%[3]. - The group’s Hong Kong gas sales volume was approximately 14,735 million megajoules, a decrease of 2.8% compared to the same period last year[7]. - The number of gas customers increased to approximately 33.02 million, representing an 8% growth year-on-year[9]. - The group’s performance in the mainland China segment showed a revenue of HKD 15,970.6 million for the six months ended June 30, 2021, compared to HKD 11,154.1 million in the same period of 2020, indicating a growth of 43.1%[39]. Renewable Energy and Sustainability Initiatives - The group plans to enhance its annual production capacity of hydrogenated vegetable oil from 250,000 tons to 350,000 tons, with a 90% reduction in emissions[5]. - The group aims to develop renewable energy projects, focusing on photovoltaic power and biomass fuel production, in line with national carbon neutrality goals[6]. - The group has established R&D bases in Shanghai and Suzhou to produce advanced biofuels from agricultural waste and non-edible oils[5]. - The group has been recognized for its ESG performance, ranking first in the Greater China Sustainable Development Index[6]. - The group has made significant progress in smart energy business expansion, securing multiple zero-carbon smart industrial park projects, with investments expected to commence in Q3 2021[10]. - The group plans to continue expanding its renewable energy business, which is expected to contribute to future revenue growth[36]. Financial Position and Assets - The company’s total assets less current liabilities amounted to HKD 123,218.9 million as of June 30, 2021, an increase from HKD 120,473.9 million at the end of 2020[22]. - The company’s total liabilities increased to HKD 43,357.8 million from HKD 41,320.6 million at the end of 2020[23]. - The company’s total equity attributable to shareholders as of June 30, 2021, was HKD 61,667.3 million, up from HKD 56,033.8 million a year earlier[26]. - The company’s cash and cash equivalents balance as of June 30, 2021, was HKD 8,374.1 million, slightly up from HKD 8,347.0 million at the end of the previous year[24]. - The group’s financial assets at fair value increased to HKD 3,913.2 million as of June 30, 2021, up from HKD 3,752.2 million at the end of 2020, reflecting a growth of 4.3%[35]. Capital Expenditures and Investments - The group has committed capital expenditures for property, plant, and equipment of HKD 5,550 million as of June 30, 2021, slightly down from HKD 5,662.6 million as of December 31, 2020[18]. - The group has committed approximately HKD 4.23 billion for new projects in mainland China as of June 30, 2021, down from HKD 9.66 billion as of December 31, 2020[18]. - The group acquired businesses with a total purchase price of HKD 231.1 million, with a provisional goodwill of HKD 124.1 million calculated based on future profitability[64]. - The group reported a cash outflow of HKD 128.5 million related to business acquisitions during the reporting period[66]. Corporate Governance and Shareholder Information - Major shareholders include Dr. Li Ka-shing and Mr. Li Ka-shing, each holding 41.53% of the company's equity as of June 30, 2021[77]. - The board of directors includes Dr. Li Ka-Shing as chairman and Mr. Li Ka-Cheung as a non-executive director[87]. - The company has adhered to all corporate governance codes as per the Hong Kong Stock Exchange Listing Rules as of June 30, 2021[73]. - The company has not recorded any other individuals with interests in shares or related shares as of June 30, 2021[82]. Risk Management and Financial Risks - The group continues to face various financial risks, including market risk, credit risk, and liquidity risk[30]. - The group has not made any changes to its risk management policies since the end of the previous year[30]. - The fair value of contingent liabilities related to the acquisition of a subsidiary in 2015 is based on a discount rate of 4.0%[34].