Financial Performance - The company's revenue for the six months ended September 30, 2019, was HKD 148,834,000, a slight increase from HKD 146,053,000 in the same period of 2018, representing a growth of 1.9%[7] - Operating profit for the same period was HKD 118,466,000, compared to HKD 116,194,000 in 2018, indicating an increase of 1.9%[7] - The net profit for the period was HKD 112,152,000, a significant decrease from HKD 340,354,000 in the previous year, reflecting a decline of 67.0%[8] - Earnings per share for the period were HKD 7.20, down from HKD 24.23 in the same period last year, a decrease of 70.2%[7] - The company reported a total comprehensive income of HKD 105,045,000 for the period, down from HKD 300,877,000 in the previous year, a decline of 65.0%[8] - The total comprehensive income for the period was HKD 76,021,000, compared to HKD 105,045,000 in the previous period, reflecting a decrease of approximately 27.7%[19] - The net profit for the period was HKD 83,128,000, which is a significant increase from HKD 29,024,000 in the prior period, representing a growth of 186.5%[19] Assets and Liabilities - Total assets as of September 30, 2019, amounted to HKD 10,719,418,000, an increase from HKD 10,604,143,000 as of March 31, 2019, representing a growth of 1.1%[11] - The company's total equity increased to HKD 8,267,194,000 from HKD 8,162,149,000, reflecting a growth of 1.3%[14] - Total liabilities increased slightly to HKD 2,452,224,000 from HKD 2,441,994,000, reflecting a marginal rise[53] - The company's total liabilities increased to HKD 1,884,188 as of September 30, 2019, from HKD 1,886,049 as of March 31, 2019, showing a slight decrease of 0.1%[79] Cash Flow and Investments - Cash and bank balances rose to HKD 386,376,000 from HKD 287,453,000, a significant increase of 34.4%[11] - The net cash generated from operating activities was HKD 108,301,000, up from HKD 103,863,000, showing an increase of 4.2%[23] - The cash flow from investing activities showed a net inflow of HKD 28,306,000, a decrease from HKD 118,305,000 in the previous year, indicating a decline of 76.0%[23] - The company realized a net gain of approximately HKD 70,000,000 from the sale of shares in Dusit Thani Public Company Limited, which was completed on May 9, 2018[21] - The company’s investment in financial instruments included a purchase of equity instruments at fair value amounting to HKD 51,881,000[23] Dividends - The company declared an interim dividend of HKD 17,311,000, unchanged from the previous year[7] - As of September 30, 2019, the company reported a mid-term dividend of HKD 0.015 per share, consistent with the previous year[133] Financial Risks and Management - The financial risks managed by the group include interest rate risk, foreign exchange risk, credit risk, liquidity risk, and equity price risk, with no changes in risk management policies since the year ended March 31, 2019[47] Segment Information - The group classifies its operations into two main segments: property and hotel, and investment and others, based on internal financial reports submitted to the board for strategic decision-making[48] Shareholder Information - The total number of shares held by major shareholders includes 115,403,866 shares (10.00%) by Asset-Plus Investments Ltd. and 283,200,215 shares (24.54%) by Forward Investments Inc.[129] - The family trust of Wu Wang Jing Yi holds a total of 215,768,260 shares, representing 18.70% of the company[129] - The total long position in shares held by directors includes 241,042,991 shares (20.89%) by Wu Wang Jing Yi and 115,450,149 shares (10.00%) by Wu Ji Tai[119] Corporate Governance - The board of directors consists of three independent non-executive directors who reviewed and recommended the approval of the unaudited consolidated interim financial statements for the six months ended September 30, 2019[134] - The company confirmed compliance with the corporate governance code as per the listing rules during the six-month period ending September 30, 2019[136] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors during the reporting period[141] Property and Rental Income - Revenue from property leasing increased to HKD 116,630,000 from HKD 114,132,000, marking a growth of 2.2% year-on-year[61] - The rental income from the investment property in Kwun Tong, Jian Sheng Plaza, was HKD 32,700,000 with a fair value increase of HKD 30,000,000, maintaining a high occupancy rate of 93%[101] - The property at 68 Yee Wo Street, Causeway Bay, contributed rental income of HKD 70,200,000 and a fair value increase of HKD 36,200,000, despite a drop in occupancy from 100% to 94% due to business interruptions from protests[101] - The occupancy rate for the Western Club Building in Central was 96%, contributing rental income of HKD 29,600,000 and a fair value increase of HKD 21,800,000[101] Capital Expenditure - Capital expenditure for the period was HKD 57,635,000, down from HKD 764,000 in the previous year, indicating a significant increase in investment[50] - The group purchased properties, machinery, and equipment amounting to HKD 88,000 during the six months ended September 30, 2019, compared to HKD 8,000 in the same period of 2018, indicating a significant increase of 1,000%[71]
建生国际(00224) - 2020 - 中期财报