载通(00062) - 2021 - 中期财报

Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended June 30, 2021, was HKD 20.2 million, a favorable variance of HKD 72 million compared to a loss of HKD 51.8 million for the same period in 2020[5]. - Earnings per share for the six months ended June 30, 2021, was HKD 0.04, an improvement of HKD 0.16 compared to a loss of HKD 0.12 per share for the same period in 2020[5]. - Long Win Bus Company recorded a post-tax profit of HKD 2.7 million for the six months ended June 30, 2021, a favorable variance of HKD 15.8 million compared to a loss of HKD 13.1 million for the same period in 2020[7]. - The group recorded a post-tax profit of HKD 6.4 million from its transportation business in mainland China for the six months ended June 30, 2021, compared to a post-tax loss of HKD 95.6 million in the same period of 2020[12]. - Revenue for the six months ended June 30, 2021, was HKD 3,408.8 million, an increase of 10.9% compared to HKD 3,073.3 million for the same period in 2020[48]. - The total comprehensive income for the period was HKD 77.9 million, compared to a total comprehensive loss of HKD 30.3 million in the previous year[49]. - The company reported a total revenue of HKD 3,417.2 million for the six months ended June 30, 2021, compared to HKD 3,084.0 million for the same period in 2020, representing an increase of approximately 10.8%[60]. Revenue and Costs - Total fare revenue for Kowloon Bus was HKD 2.976 billion, an increase of HKD 348.7 million or 13.3% compared to HKD 2.627 billion for the same period in 2020[6]. - Total operating costs for Kowloon Bus were HKD 3.2374 billion, an increase of HKD 59.8 million or 1.9% compared to HKD 3.1776 billion for the same period in 2020, primarily due to rising international fuel prices[6]. - The total salary expenses for the six months ended June 30, 2021, were HKD 19.419 billion, a decrease from HKD 20.167 billion for the same period in 2020, accounting for about 55% of total operating costs[22]. - The operating loss for the bus operations segment was HKD 34.4 million for the first half of 2021, an improvement from a loss of HKD 38.3 million in the same period of 2020[60]. Assets and Liabilities - As of June 30, 2021, the group's total investment properties and other assets amounted to HKD 11.4312 billion, an increase from HKD 10.9536 billion as of December 31, 2020[14]. - The group's net borrowings as of June 30, 2021, were HKD 1.8287 billion, up from HKD 788.8 million as of December 31, 2020[16]. - The company's total equity as of June 30, 2021, was 13,157.2 million HKD, a slight decrease from 13,186.3 million HKD at the end of 2020[51]. - The company’s total liabilities included deferred tax liabilities of 1,116.0 million HKD as of June 30, 2021, compared to 1,123.4 million HKD at the end of 2020[51]. Cash Flow and Financing - The company reported a net cash inflow from operating activities of 215.1 million HKD for the six months ended June 30, 2021, down from 457.1 million HKD in the same period of 2020[54]. - The company incurred a total cash outflow from investing activities of 481.6 million HKD, compared to 798.5 million HKD in the prior year[54]. - The company’s cash and cash equivalents decreased significantly, with a reduction in bank deposits maturing over three months amounting to 708.2 million HKD[54]. - The company incurred a net cash outflow from financing activities of HKD 70.7 million for the first half of 2021, compared to an inflow of HKD 464.1 million in the same period of 2020[55]. Investments and Development - The carrying value of the Kwun Tong site, classified as a development investment property, was HKD 3.3674 billion as of June 30, 2021, an increase from HKD 3.0054 billion as of December 31, 2020[11]. - The group is focused on developing recurring revenue sources through the redevelopment of properties in Tuen Mun for long-term income[26]. - A project located in Kwun Tong is expected to be completed next year, providing stable returns to shareholders[26]. Challenges and Future Outlook - The group anticipates financial challenges in the second half of the year due to reduced passenger volume and rising international oil prices[23]. - The group expects a recovery in passenger volume as local and mainland COVID-19 situations improve and quarantine measures are gradually relaxed[26]. Employee and Community Engagement - The group expresses gratitude to employees for their contributions during challenging operational conditions and aims to enhance employee welfare and communication[26]. - The group is collaborating with medical clinics to expand vaccination services for employees and their families[24]. - The group is participating in a vaccination lottery organized by the Hong Kong General Chamber of Commerce to thank citizens for completing vaccinations[24]. Corporate Governance and Compliance - The company has adopted the corporate governance code and confirmed compliance with the relevant provisions during the review period[46]. - The interim financial report was reviewed in accordance with Hong Kong accounting standards, with no significant issues noted as of June 30, 2021[95]. - The company is required to comply with the relevant provisions of the Hong Kong Stock Exchange listing rules and Hong Kong accounting standards[94].