Financial Performance - For the six months ended June 30, 2021, the revenue was HK$1,043,304,000, an increase from HK$966,788,000 for the same period in 2020, representing a growth of approximately 7.9%[11] - The profit for the period was HK$39,770,000, compared to HK$32,914,000 in the previous year, indicating a year-on-year increase of about 20.5%[11] - The total comprehensive income for the period was HK$55,077,000, significantly higher than HK$6,811,000 for the same period in 2020[14] - Basic and diluted earnings per share increased to 2.76 HK cents, up from 2.16 HK cents in the prior year, reflecting a growth of approximately 27.8%[14] - The total comprehensive income attributable to owners of the company was HK$51,284,000, compared to HK$2,415,000 in the same period last year[14] - The Group's consolidated revenue for the six months ended 30 June 2021 was HK$1,043,304,000, representing an increase of approximately 8% compared to HK$966,788,000 for the same period last year[176] - Profit for the period increased by approximately 21% to HK$39,770,000, up from HK$32,914,000 for the same period last year, primarily due to the operation of the wind power project in Suining County, Jiangsu Province[176] Assets and Liabilities - As of June 30, 2021, total assets amounted to HK$4,700,402,000, an increase from HK$4,402,151,000 as of December 31, 2020, representing a growth of approximately 6.8%[17] - The company’s total liabilities decreased to HK$4,403,492,000 from HK$4,258,534,000, reflecting a decrease of approximately 3.4%[17] - The company’s non-current liabilities decreased to HK$1,862,544,000 from HK$1,887,213,000, showing a reduction of approximately 1.3%[20] - Total equity increased to HK$1,181,902,000 from HK$1,126,825,000, marking an increase of about 4.9%[20] - The Group reported total liabilities of HK$5,247,284,000 as of June 30, 2021, consistent with the previous year[72] Cash Flow - The company reported net cash inflows from operating activities of HK$117,634,000, a recovery from a net outflow of HK$256,494,000 in the same period last year[27] - Cash and cash equivalents at the end of the period were HK$596,977,000, up from HK$583,026,000, indicating a growth of approximately 2.5%[27] - The Group reported a net increase in cash and cash equivalents of HK$226,542,000, compared to an increase of HK$124,679,000 in the previous year[27] Segment Performance - The Power generation segment reported a profit of HK$119,870, while the Manufacturing and trading segment incurred a loss of HK$3,888[62] - The EPC and consultancy and general construction segment recorded revenue of HK$816,476,000, an increase of approximately 7% from HK$762,408,000 in the previous year, but incurred a segment loss of HK$3,841,000 compared to a profit of HK$56,574,000 in the prior year[179] - The power generation segment recorded external revenue of HK$212,007,000 for the first half of 2021, a 137% increase from HK$89,293,000 in 2020, and a segment profit of HK$119,870,000, up 213% from HK$38,338,000 in 2020[187] - The Group's finance leasing business achieved segment revenue of HK$14,821,000, an 86% increase from HK$7,956,000 in 2020, while segment loss decreased by approximately 77% to HK$3,438,000 from HK$15,058,000[194] Costs and Expenses - The company reported finance costs of HK$67,435,000, which is an increase from HK$38,707,000 in the previous year[11] - Staff costs increased to HK$23,110,000 for the six months ended June 30, 2021, from HK$19,373,000 in the same period of 2020, reflecting a rise of about 19.0%[77] - Depreciation of property, plant, and equipment rose significantly to HK$76,760,000 in the first half of 2021, compared to HK$37,310,000 in the same period of 2020, indicating an increase of approximately 105.0%[79] - The Group's income tax expense for the six months ended June 30, 2021, was HK$12,205,000, up from HK$8,098,000 in the same period of 2020, marking a rise of approximately 50.0%[87] Business Operations - The company engaged in engineering, procurement, and construction (EPC) services related to photovoltaic power plants, indicating a focus on renewable energy projects[30] - The Group is actively studying the feasibility of decentralized power generation with energy storage facilities to enhance flexibility and stability in power supply[188] - The Group's safety policy emphasizes "safety first, prevention as principle," with comprehensive management measures in place to ensure production safety[199] Market and Industry - The Group's revenue growth was impacted by the COVID-19 pandemic, which affected project completion rates in the previous year[179] - The solar power plants and wind power stations are primarily located in the PRC, with a significant portion of revenue contributed by the State Grid Corporation of China, indicating minimal credit risk[192] - The Group is focusing on diversifying risks and enhancing project quality by developing external non-related projects in the new energy industry, new infrastructure, and healthcare sectors[197]
中国核能科技(00611) - 2021 - 中期财报