天安(00028) - 2019 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2019, was HK$1,005,980,000, a decrease of 57.4% compared to HK$2,355,685,000 in the same period of 2018[25] - Gross profit for the same period was HK$470,483,000, down 54.3% from HK$1,027,895,000 year-on-year[25] - Profit for the period attributable to owners of the Company was HK$853,472,000, a slight increase of 1.3% from HK$836,929,000 in 2018[28] - Basic earnings per share for the period was 56.64 HK cents, compared to 55.54 HK cents in the previous year, reflecting a growth of 1.98%[28] - The Company reported a profit before tax of HK$1,000,913,000, down 23.4% from HK$1,306,616,000 in the same period of 2018[25] - Total comprehensive income for the period reached HK$627,827,000, compared to HK$545,741,000 in the previous year, reflecting an increase of 15%[30] - Profit for the period increased to HK$865,402,000, up from HK$852,023,000, representing a growth of 1.6% year-on-year[30] Investment and Assets - The net increase in fair value of investment properties was HK$131,686,000, compared to HK$107,261,000 in the previous year, representing a growth of 22.8%[25] - Non-current assets totaled HK$27,777,987,000, up from HK$26,838,438,000, indicating a growth of 3.5%[32] - Investment properties amounted to HK$13,712,491,000, a slight increase from HK$13,622,280,000, reflecting a growth of 0.7%[32] - Properties for development decreased to HK$3,661,123,000 from HK$3,818,333,000, indicating a decline of 4.1%[32] Liabilities and Equity - Current liabilities decreased to HK$7,637,433,000 from HK$7,560,710,000, showing a slight increase of 1%[34] - Equity attributable to owners of the Company rose to HK$24,199,848,000, compared to HK$23,883,078,000, marking an increase of 1.3%[37] - Total equity reached HK$25,548,416,000, up from HK$25,253,011,000, reflecting an increase of 1.2%[38] - Interest-bearing borrowings increased to HK$1,637,847,000 from HK$1,328,035,000, representing a rise of 23.3%[34] Cash Flow and Dividends - For the six months ended June 30, 2019, the net cash used in operating activities was HK$139,933,000, compared to HK$85,050,000 in the same period of 2018[63] - The company recognized dividends distributed to non-controlling interests totaling HK$301,354,000 during the period[65] - The interim dividend declared for the period was HK$301,354,000, maintaining the same level as the previous year at HK$0.20 per share[120] Segment Performance - The Group's operations are primarily focused on three main segments: property development, property investment, and other operations, mainly property management[99] - Revenue from completed property sales decreased to HK$679,868,000 in 2019 from HK$2,013,354,000 in 2018, representing a decline of approximately 66.3%[97] - Rental income for the period was HK$251,037,000, compared to HK$255,210,000 in 2018, showing a decrease of about 1.6%[97] Accounting Policies and Standards - The Group's financial statements for the six months ended June 30, 2019, are prepared in accordance with HKAS 34 and applicable disclosure requirements[14] - The Group has applied HKFRS 16 for the first time, which supersedes HKAS 17 "Leases" and related interpretations[71] - The application of new and amendments to HKFRSs has had no material impact on the Group's financial positions and performance for the current and prior periods[72] Legal and Contingent Liabilities - Possible contingent liabilities from legal actions against the Group are estimated at approximately HK$46.5 million, which the Group believes will not materially affect its financial position[188] - A legal claim of approximately HK$13,168,000 was initiated against a joint venture due to the failure to issue ownership certificates, with the judgment favoring the joint venture[141] Management and Personnel - The Group employed 1,416 staff as of June 30, 2019, a slight decrease from 1,429 employees at the end of 2018[188] - Key management personnel compensation totaled HK$53,006,000, with a breakdown of salaries and other short-term benefits, post-employment costs, and consultancy fees included[165]