建滔集团(00148) - 2021 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 26,701,492 thousand, an increase of 34.1% compared to HKD 19,925,648 thousand in 2020[5] - Gross profit for the same period was HKD 8,689,861 thousand, up from HKD 5,001,066 thousand, reflecting a gross margin improvement[5] - Profit for the period attributable to the company's owners was HKD 5,061,729 thousand, significantly higher than HKD 1,059,192 thousand in 2020, marking a 377.5% increase[5] - Basic earnings per share increased to HKD 4.573 from HKD 0.964, representing a substantial growth in profitability[5] - Total comprehensive income for the period was HKD 6,405,307 thousand, compared to HKD 947,497 thousand in the previous year, indicating a strong recovery[7] - The group reported a total equity of HKD 57,969,650 thousand, with a decrease of HKD 32,076 thousand[18] - The company reported a significant revenue increase of 34% year-on-year, reaching HKD 26,701.5 million for the six months ended June 30, 2021[70] - Net profit attributable to shareholders surged by 378% to HKD 5,061.7 million compared to HKD 1,059.2 million in the previous year[71] - The company achieved a remarkable 140% increase in EBITDA, amounting to HKD 8,352.6 million compared to HKD 3,479.2 million in the previous year[71] Assets and Liabilities - Non-current assets as of June 30, 2021, totaled HKD 48,130,033 thousand, up from HKD 47,691,668 thousand at the end of 2020[9] - Current liabilities increased to HKD 29,791,511 thousand from HKD 23,131,272 thousand, reflecting changes in operational financing[11] - The company’s total liabilities increased to HKD 7,112,933,000 as of June 30, 2021, compared to HKD 6,538,122,000 at the end of 2020, representing an increase of about 8.8%[49] - The company’s goodwill reserve was HKD 1,291,027 thousand, reflecting a decrease of HKD 800,801 thousand[12] - The company’s share premium amounted to HKD 6,565,860 thousand, with a decrease of HKD 42,752 thousand[18] Cash Flow and Financing - Cash generated from operating activities was HKD 3,510,430 thousand, an increase from HKD 3,302,645 thousand in the previous year[20] - Net cash used in financing activities was HKD (5,294,296) thousand, showing an improvement from HKD (5,823,662) thousand in the prior year[20] - The cash and cash equivalents at the end of the period were HKD 4,854,643 thousand, down from HKD 7,004,074 thousand year-on-year[20] - The group’s bank borrowings included HKD 15.50 billion and RMB 2.11 billion as of June 30, 2021[96] - The group’s short-term borrowings (due within one year) increased to HKD 14.27 billion from HKD 8.61 billion on December 31, 2020[97] - The net debt ratio improved to 20%, down from 25% in the previous year, indicating a stronger financial position[71] Dividends and Shareholder Information - The interim dividend declared for the six months ended June 30, 2021, is HKD 0.56 per share, compared to HKD 0.28 per share for the same period in 2020, representing a 100% increase[40] - The net asset value per share increased by 19% to HKD 53.0 from HKD 44.7 in the previous year[71] - Hallgain Management Limited holds 429,935,700 shares, representing 38.78% of the issued share capital of the company[117] - FMR LLC owns 110,514,012 shares, accounting for 9.97% of the issued share capital[117] - Fidelity Puritan Trust has 88,451,221 shares, which is 7.98% of the issued share capital[117] Operational Segments - The group has six main operating segments, including manufacturing and sales of copper-clad laminates and printed circuit boards, which are critical to its revenue generation[27] - The electronics segment benefited from increased consumer demand, leading to a rise in both order numbers and product prices[70] - The chemical division experienced significant growth due to rising commodity prices, particularly for acetic acid and bisphenol A[70] - The copper-clad laminate division sold 65 million units, a 33% increase year-over-year, with revenue rising 116% to HKD 14.44 billion and EBITDA up 225% to HKD 4.44 billion[73] - The printed circuit board division's revenue increased by 51% to HKD 6.46 billion, with EBITDA rising 54% to HKD 0.935 billion, benefiting from demand in 5G, remote work, and electric vehicles[73] - The chemical division's revenue surged 47% to HKD 7.55 billion, with EBITDA skyrocketing 346% to HKD 2.126 billion, driven by rising prices of acetic acid and bisphenol A[73] Corporate Governance - The audit committee reviewed the accounting policies and practices adopted by the group for the six months ended June 30, 2021[120] - The company has complied with the corporate governance code, except for specific deviations regarding the appointment of independent non-executive directors[121] - All directors confirmed compliance with the standard code of conduct for securities trading during the six months ended June 30, 2021[122] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[125]