香格里拉(亚洲)(00069) - 2021 - 中期财报

Financial Performance - For the six months ended June 30, 2021, the consolidated revenue was $545.8 million, an increase of 20.4% compared to $453.5 million for the same period in 2020[26]. - The profit before interest, tax, depreciation, amortization, and non-operating items was $49.8 million, improving by $124.6 million from a loss of $74.8 million in the same period last year[28]. - The actual profit attributable to the company, subsidiaries, and associates before interest, tax, depreciation, amortization, and non-operating items was $199.6 million, a significant increase of 618.0% from $27.8 million in the previous year[28]. - The loss attributable to the company for the six months ended June 30, 2021, was $59.8 million, an improvement of $222.8 million from a loss of $282.6 million in the same period last year[28]. - The earnings per share for the period was a loss of $1.673, which is an improvement of 78.9% compared to a loss of $7.915 in the previous year[26]. - The company reported a net loss of $61.9 million for the six months ended June 30, 2021, compared to a net loss of $198.2 million in the same period of 2020[48]. - The total comprehensive loss for the period was $83,393,000, down from $578,617,000 in the same period of 2020[34]. - The company’s total equity as of June 30, 2021, was $5,660,660,000, compared to $5,917,972,000 at the end of June 30, 2020[35]. Assets and Liabilities - As of June 30, 2021, total assets amounted to $13,639,320, a decrease of 2.63% from $14,008,158 on December 31, 2020[31]. - Total liabilities decreased from $7,693,411 to $7,408,518, a decline of approximately 3.70%[32]. - Non-current liabilities, including bank loans, decreased from $4,030,440 to $3,487,453, a reduction of about 13.5%[32]. - The equity attributable to owners of the company was $6,025,267, down from $6,061,589, indicating a decrease of approximately 0.60%[31]. - Cash and cash equivalents decreased from $924,457 to $690,884, a decline of about 25.3%[31]. - The company reported a total of $218.97 million in receivables, prepayments, and deposits as of June 30, 2021, down from $231.84 million at the end of 2020, indicating a decrease in liquidity[56]. Revenue Breakdown - Room revenue increased to $196.3 million, up 15.9% from $169.2 million year-over-year[44]. - Food and beverage sales rose to $223.1 million, a 37.4% increase compared to $162.3 million in the previous year[44]. - The hotel operations segment generated $522.9 million in revenue, with a net loss of $147.5 million, compared to $423.5 million and a net loss of $279.0 million in 2020[48]. - Investment property revenue was $45.6 million, slightly up from $44.5 million year-over-year[48]. - The revenue from properties held for sale decreased by $4.6 million to $6.4 million, primarily due to reduced deliveries of residential units in Sri Lanka and mainland China[111]. Operational Efficiency and Strategic Initiatives - The company continues to focus on improving operational efficiency and enhancing guest experiences as part of its strategic initiatives[25]. - The board of directors has emphasized the importance of adapting to market changes and exploring new opportunities for growth in the hospitality sector[25]. - The company is committed to ongoing investments in technology and service innovations to drive future growth and customer satisfaction[25]. - The management team emphasized ongoing uncertainties in estimates and judgments affecting financial reporting, consistent with prior periods[42]. Shareholder and Governance Information - Kerry Group Limited holds a controlling interest of 1,799,537,010 shares, representing 50.189% of the total issued shares as of June 30, 2021[165]. - Caninco Investments Limited has a beneficial ownership of 568,568,684 shares, accounting for 15.857% of the total issued shares[165]. - The company has complied with the corporate governance code during the relevant six-month period[161]. - The audit and risk committee was reduced to two members after the resignation of a director, but was restored to compliance with three members by appointing KHOO Shulamite N K on August 1, 2021[163]. Future Outlook and Development Plans - The company is in the process of selling an 80% equity interest in a project company in Kyoto, Japan, for approximately $68.61 million, expected to complete by the end of 2021[58]. - The company has ongoing hotel development projects in China and Japan, with a total of 668 hotel rooms expected to open between 2023 and 2024[150]. - The company is reviewing development plans for several hotel projects, including locations in Dalian, Kunming, Rome, Yangon, and Bangkok[152]. - The company plans to open four managed hotels in Beijing, Qiantan, Nanning, and Jeddah, depending on the latest pandemic developments[158].