载通(00062) - 2019 - 中期财报

Financial Performance - The company's unaudited profit attributable to shareholders for the six months ended June 30, 2019, was HKD 302 million, a decrease of HKD 6.1 million or 2.0% compared to HKD 308.1 million for the same period in 2018[5]. - The earnings per share for the six months ended June 30, 2019, was HKD 0.69, down HKD 0.04 from HKD 0.73 in the same period of 2018[5]. - Revenue for the six months ended June 30, 2019, was HKD 4,073.5 million, an increase of 3.6% from HKD 3,932.6 million in the same period of 2018[46]. - Operating profit for the same period was HKD 367.2 million, slightly up from HKD 365.4 million year-on-year[46]. - Net profit for the period was HKD 302.0 million, a decrease of 2.0% compared to HKD 308.1 million in the previous year[48]. - Total comprehensive income for the period was HKD 359.5 million, compared to HKD 270.7 million in the same period of 2018[48]. - The company reported a significant increase in accounts receivable, which rose to HKD 525.8 million from HKD 371.1 million year-on-year[49]. - For the six months ended June 30, 2019, the company reported a net profit of HKD 302.0 million, compared to HKD 412.0 million for the same period in 2018, representing a decrease of approximately 26.8%[54]. - Cash generated from operating activities for the six months ended June 30, 2019, was HKD 638.7 million, down from HKD 811.0 million in the same period of 2018, reflecting a decrease of approximately 21.2%[55]. - The company’s total assets as of June 30, 2019, were reported at HKD 10,373.6 million, reflecting a stable asset base compared to previous periods[54]. Dividends - The interim dividend declared for the six months ended June 30, 2019, was HKD 0.30 per share, totaling HKD 133.1 million, compared to HKD 129.5 million for the same period in 2018[6]. - The final dividend approved and paid for the previous fiscal year is HKD 0.90 per share, amounting to HKD 391.5 million, an increase from HKD 380.2 million in 2018[86]. - The company declared a dividend of HKD 199.6 million for the 2018 final dividend, which was approved during the reporting period[54]. Operating Costs and Revenue - Total operating costs for the company in the first half of 2019 were HKD 3.413 billion, an increase of HKD 149.9 million or 4.6% from HKD 3.263 billion in 2018, primarily due to increased employee costs[8]. - Total fare revenue for Kowloon Motor Bus in the first half of 2019 was HKD 3.454 billion, an increase of HKD 96.5 million or 2.9% from HKD 3.357 billion in the same period of 2018[7]. - Total fare revenue for Long Win Bus in the first half of 2019 was HKD 317.6 million, an increase of HKD 50 million or 18.7% from HKD 267.6 million in the same period of 2018[9]. - Revenue from the public bus services was HKD 3,771.6 million for the six months ended June 30, 2019, up from HKD 3,625.1 million in 2018, representing a growth of 4.0%[76]. Investments and Assets - The group's total investment in Shenzhen Bus Group was HKD 363.9 million, representing a 35% equity interest[15]. - The total value of the group's investment properties, development properties, and other assets was HKD 9.8916 billion as of June 30, 2019, compared to HKD 9.8405 billion as of December 31, 2018[17]. - The investment property in Kwun Tong was valued at HKD 2.3732 billion as of June 30, 2019, an increase from HKD 2.3011 billion as of December 31, 2018[14]. - The group purchased other property, plant, and equipment for HKD 440.4 million during the six months ended June 30, 2019, down from HKD 728.5 million in the same period of 2018[92]. Debt and Financing - As of June 30, 2019, the group's net borrowings amounted to HKD 14.389 billion, slightly down from HKD 14.440 billion as of December 31, 2018[18]. - The financing cost for the six months ended June 30, 2019, was HKD 14.6 million, up from HKD 9.4 million for the same period in 2018, reflecting an increase in average bank loans and interest rates rising from 1.83% to 2.44%[21]. - New bank loans increased to HKD 945 million, up from HKD 780 million in the previous period, reflecting a growth of 21.15%[56]. - The total debt as of June 30, 2019, is HKD 2,711.0 million, compared to HKD 2,632.0 million on January 1, 2019[90]. Operational Developments - The company introduced 59 new buses in the first half of 2019, including EU6 compliant double-decker buses, enhancing safety and environmental standards[8]. - New bus routes have been introduced following the opening of major cross-border infrastructure, enhancing service and increasing passenger flow from the Greater Bay Area[27]. - The group has been actively developing new regional services, including new bus routes between Yau Tong and Tsuen Wan West[27]. - KMB has implemented a transfer discount program in collaboration with Hong Kong Tramways and the minibus operator, which has been extended for another year in 2019[28]. Corporate Governance - The independent auditor, KPMG, reviewed the interim financial report for the six months ended June 30, 2019, in accordance with the relevant standards[45]. - The company complied with the Corporate Governance Code during the six months ended June 30, 2019, except for three directors who were unable to attend the annual general meeting[44]. - The company’s board has adhered to the trading standards set out in the Listing Rules during the review period[43]. Miscellaneous - The company is listed on the Hong Kong Stock Exchange under stock code 62[124]. - The registered office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda[119]. - The company’s website is www.tih.hk, where the interim report can be downloaded[122].