Workflow
力宝(00226) - 2020 - 中期财报
LIPPOLIPPO(HK:00226)2020-12-29 09:43

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 387,428,000, a decrease of 26.8% compared to HKD 528,964,000 in 2019[5] - The total profit for the same period was HKD 225,971,000, down 41.3% from HKD 384,548,000 in 2019[5] - Loss from continuing operations for the period was HKD 820,702,000, compared to a profit of HKD 139,565,000 in 2019[5] - The company reported a total comprehensive loss of HKD 277,658,000 for the period, compared to a loss of HKD 74,695,000 in 2019[7] - The loss attributable to equity holders of the company was HKD 686,103,000, compared to a profit of HKD 136,191,000 in 2019[5] - The company reported a total comprehensive loss of HKD 508,589 thousand for the period, compared to a profit of HKD 88,753 thousand in the previous period[16] - The company experienced a significant foreign exchange loss of HKD 25,275 thousand related to overseas operations during the period[16] - The company recorded a loss of HKD 4,230 thousand from the liquidation of overseas businesses[16] - The total revenue for the group was HKD 387,428 million, with a net loss of HKD 673,281 million before tax[35] - Revenue from continuing operations decreased to HKD 387 million, down 27% from HKD 529 million in 2019, with the food business contributing 75% of total revenue, down from 85% in 2019[136] Assets and Liabilities - Non-current assets as of September 30, 2020, totaled HKD 13,596,812,000, a decrease from HKD 14,013,922,000 as of March 31, 2020[9] - Current assets increased to HKD 2,464,606,000 from HKD 2,143,663,000 as of March 31, 2020[9] - The company's net asset value decreased to HKD 13,206,046 thousand from HKD 13,528,519 thousand, reflecting a decline of about 2.4%[10] - Total equity attributable to equity holders of the company was HKD 9,280,497 thousand, down from HKD 9,508,184 thousand, indicating a decrease of approximately 2.4%[10] - As of September 30, 2020, non-current liabilities increased to HKD 1,897,248 thousand from HKD 1,169,250 thousand, representing a growth of approximately 62.1%[10] - The total liabilities of the Group increased to HKD 2,900,000,000 as of September 30, 2020, from HKD 2,600,000,000 on March 31, 2020, primarily due to refinancing of bank loans[183] Cash Flow - Net cash flow used in operating activities for the six months ended September 30, 2020, was (22,507) thousand HKD, a significant improvement from (210,667) thousand HKD in 2019, indicating a reduction in cash outflow[17] - Cash flow from investing activities generated a net inflow of 200,788 thousand HKD, compared to a net outflow of (50,426) thousand HKD in the previous year, highlighting a positive shift in investment cash flow[17] - Cash flow from financing activities resulted in a net inflow of 164,206 thousand HKD, a recovery from a net outflow of (1,598,643) thousand HKD in 2019, reflecting improved financing conditions[17] - The total increase in cash and cash equivalents for the period was 342,487 thousand HKD, contrasting with a decrease of (1,859,736) thousand HKD in the same period last year[17] - The cash and cash equivalents at the end of the period stood at 1,530,326 thousand HKD, up from 893,097 thousand HKD in 2019, indicating a strong liquidity position[17] Segment Performance - The property investment segment reported revenue of HKD 42,929 million, while the property development segment generated HKD 28,224 million[35] - The financial investment segment achieved a profit of HKD 2,617 million, and the securities investment segment reported a profit of HKD 14,625 million[35] - The food business segment generated revenue of HKD 289,742 million, while the healthcare services segment reported a loss of HKD 1,344 million[35] - Restaurant sales decreased to HKD 119,706,000 from HKD 212,832,000, indicating a decline of approximately 43.7%[47] - The healthcare services segment's performance was impacted by a loss of HKD 3,516 million[35] Investments and Acquisitions - OUE Group completed the acquisition of multiple land parcels in South Jakarta, Indonesia, totaling approximately 8,000 square meters for IDR 1.316 trillion (approximately HKD 684 million)[145] - OUE Group sold the U.S. Bank Tower in Los Angeles for USD 430 million[145] - The group recorded a fair value gain of HKD 42 million from its securities investments, compared to a loss of HKD 1 million in 2019[153] - The group achieved a profit of HKD 6 million from its investment in the Marina Collection, down from HKD 13 million in 2019[151] Employee and Operational Costs - Employee costs for the period amounted to HKD 163,000,000, down from HKD 177,000,000 in the previous year[187] - Other operating expenses decreased to HKD 85 million from HKD 102 million in 2019, primarily due to the sale of the dining center business[138] Dividends and Shareholder Returns - The company declared and paid a final dividend of HKD 24,658 thousand to its shareholders for the 2019/2020 fiscal year[16] - The company declared an interim dividend of HKD 0.04 per share, consistent with the previous year, amounting to HKD 19,726 thousand[78] Regulatory and Compliance - The company anticipates that the adoption of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on its financial performance and position[28] - The company plans to continue implementing COVID-19 control measures into 2021, with gradual easing expected as vaccine coverage expands[188]