建滔集团(00148) - 2019 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2019, was HKD 18,246,352 thousand, a decrease of 18.0% compared to HKD 22,236,280 thousand in 2018[5] - Gross profit for the same period was HKD 3,821,431 thousand, down 22.6% from HKD 4,938,584 thousand in 2018[5] - Profit for the period attributable to equity holders was HKD 1,441,626 thousand, a decline of 65.4% compared to HKD 4,169,007 thousand in 2018[5] - Basic earnings per share for the six months ended June 30, 2019, was HKD 1.331, down 65.9% from HKD 3.909 in 2018[5] - Total comprehensive income for the period was HKD 2,247,311 thousand, compared to HKD 3,730,515 thousand in 2018, reflecting a decrease of 39.7%[7] - The company’s EBITDA for the period was HKD 3,505.6 million, a decline of 32% from HKD 5,141.4 million[68] - Basic net profit for the same period fell by 45% to HKD 1,441.6 million, down from HKD 2,597.8 million year-on-year[68] Assets and Liabilities - Non-current assets as of June 30, 2019, amounted to HKD 17,957,187 thousand, compared to HKD 16,925,863 thousand as of December 31, 2018[9] - Current assets totaled HKD 43,996,576 thousand, slightly down from HKD 44,309,039 thousand at the end of 2018[10] - Current liabilities increased to HKD 22,062,019 thousand from HKD 18,806,951 thousand in December 2018, representing a rise of 17.5%[10] - The company reported a total equity attributable to equity holders of HKD 48,638,422 thousand, up from HKD 47,332,985 thousand in 2018[10] - Total equity as of June 30, 2019, was HKD 54,633,271,000, reflecting an increase from the previous period[11] - The total liabilities as of June 30, 2019, were HKD 6,645,015,000, compared to HKD 6,424,456,000 as of December 31, 2018[38] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 4,512,020,000, a significant increase compared to HKD 440,807,000 in the same period last year[14] - The company reported a net cash outflow from investing activities of HKD 4,284,589,000, an improvement from HKD 6,336,510,000 in the prior year[14] - The total cash and cash equivalents at the end of the period were HKD 7,031,615,000, slightly down from HKD 7,048,965,000 at the end of the previous year[14] - The company’s financing activities resulted in a net cash outflow of HKD 669,140,000, contrasting with a significant inflow of HKD 4,830,912,000 in the previous year[14] Market Strategy and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[5] - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[12] - The company is focused on improving operational efficiency and exploring potential mergers and acquisitions to drive growth[12] Segment Performance - The group reported total revenue of HKD 18,246,352,000 for the six months ended June 30, 2019, with a breakdown of sales from various segments including HKD 6,107,758,000 from copper-clad laminates and HKD 4,337,534,000 from printed circuit boards[21] - The copper-clad laminate business maintained its position as the global market leader for 14 consecutive years, with revenue declining by 21% to HKD 7.138 billion due to market demand drop and price adjustments[70] - The printed circuit board segment saw a slight revenue decrease of 3% to HKD 4.375 billion, while EBITDA increased by 3% to HKD 565.3 million, driven by 5G network advancements[70] - The chemical segment's revenue fell by 25% to HKD 6.537 billion, with EBITDA dropping 54% to HKD 705.4 million, impacted by weakened demand and price declines[70] - The real estate segment's total revenue decreased by 18% to HKD 896.6 million, with property sales revenue declining due to fewer completed units, while rental income rose to HKD 555.3 million[70] Shareholder Information - The interim dividend declared for the six months ended June 30, 2019, is HKD 0.28 per share, compared to HKD 0.60 and a special interim dividend of HKD 0.50 per share for the same period in 2018[29] - The weighted average number of ordinary shares for basic earnings per share calculation was 1,083,152,236 for June 30, 2019, compared to 1,066,452,236 for June 30, 2018[32] - The company approved an existing employee share option scheme at the annual general meeting on May 27, 2019, aimed at incentivizing eligible participants for their contributions to the group[40] Corporate Governance - The company has adhered to good corporate governance principles and complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the six months ending June 30, 2019[105] - All directors, including independent non-executive directors, have confirmed compliance with the standard code of conduct regarding securities trading for the same period[106]