澳博控股(00880) - 2019 - 中期财报

Financial Performance - Total net revenue for the six months ended June 30, 2019, was HKD 17,074 million, a decrease of 0.7% compared to HKD 17,197 million in 2018[8]. - Adjusted EBITDA for the same period increased by 6.1% to HKD 2,078 million from HKD 1,959 million in 2018, with an adjusted EBITDA margin of 12.2%[11]. - Profit attributable to owners of the company rose by 12.1% to HKD 1,679 million, compared to HKD 1,498 million in the previous year[11]. - The net profit for the period was HKD 1,739.7 million, an increase of 14.5% from HKD 1,518.1 million in the same period of 2018[47]. - Basic earnings per share increased to HKD 0.296 from HKD 0.265, representing a growth of 11.7%[47]. - The company reported a total comprehensive income of HKD 1,699.0 million for the period, compared to HKD 1,549.7 million in 2018, marking a rise of 9.6%[47]. Gaming Revenue - VIP gaming revenue decreased by 25.1% to HKD 7,455 million, with the average daily net win per VIP table dropping by 25.7% to HKD 143,010[14]. - Mass market table gaming revenue increased by 8.0% to HKD 12,402 million, with the average daily net win per mass table rising by 5.0% to HKD 47,158[17]. - The company's gaming revenue accounted for approximately 14.1% of Macau's total gaming revenue during the reporting period, down from 15.1% in the previous year[12]. - The gaming revenue from slot machines accounted for 2.8% of total gaming revenue during the reporting period, up from 2.6% in the same period last year[18]. - The gross gaming revenue from the new Lisboa Casino was HKD 6,859 million, a decrease of 13.7% compared to HKD 7,949 million in 2018[19]. - The gross gaming revenue from VIP gaming at the new Lisboa Casino decreased by 22.8% to HKD 3,948 million, with the average daily net win per VIP table dropping by 26.0% to HKD 183,313[20]. - The gross gaming revenue from other self-promoted casinos was HKD 3,025 million, a slight decrease of 0.3% from HKD 3,034 million in 2018[22]. - The gross gaming revenue from satellite casinos was HKD 10,548 million, down 4.5% from HKD 11,044 million in 2018[24]. Visitor Statistics - The total number of visitors to the new Lisboa Casino exceeded 6.3 million during the reporting period, averaging about 35,000 visitors per day, compared to approximately 31,000 visitors per day in the same period last year[20]. - The number of visitors to Macau increased by 20.6% to 20.3 million in the first half of 2019, with visitors from mainland China rising by 22.3% to 14.3 million, accounting for 70.6% of total visitors[27]. Capital Expenditures and Investments - The company is currently constructing the "Lisboa Palace" integrated resort, which will provide approximately 1,900 hotel rooms and various entertainment facilities[3]. - The construction of the "Lisboa Palace" integrated resort is progressing well, with a total project cost estimated at HKD 39 billion, which reflects an 8% increase from the original budget[28]. - The group's capital expenditure commitments as of June 30, 2019, amounted to HKD 9.3 billion, with HKD 9 billion allocated for the "Lisboa Palace" project[36]. - The total capital expenditure authorized but not contracted for the "Lisboa Palace" project was HKD 5,651.6 million as of June 30, 2019, compared to HKD 4,098.5 million as of December 31, 2018, representing an increase of approximately 37.9%[153]. Financial Position - As of June 30, 2019, the group's cash and bank balances were HKD 16.466 billion, a decrease of 11.9% from HKD 18.691 billion at the end of 2018, primarily due to capital expenditures for the "Lisboa Palace" project[34]. - The group maintained a zero debt-to-asset ratio at the end of the reporting period, indicating a strong financial position[35]. - The company's total equity as of June 30, 2019, was HKD 28,122.1 million, an increase from HKD 27,686.6 million at the end of 2018[51]. - Total assets of the group as of June 30, 2019, were HKD 58,024.7 million, compared to HKD 56,398.6 million as of December 31, 2018, indicating a growth of 2.88%[100]. - The group’s liabilities totaled HKD 29,902.6 million as of June 30, 2019, up from HKD 28,712.0 million at the end of 2018, representing an increase of 4.15%[100]. Shareholder Information - The total number of issued shares as of June 30, 2019, was 5,664,109,293[176]. - Major shareholder, Macau Tourism Entertainment Co., Ltd., holds 3,062,059,500 shares, representing 54.06% of the issued shares[180]. - The total ownership percentage of major shareholders and related parties is significant, indicating strong control over the company[180]. - The company continues to maintain transparency in disclosing the interests of directors and major shareholders as required by regulations[178]. Stock Options and Employee Compensation - The company granted stock options with exercise prices ranging from HKD 2.82 to HKD 22, with various expiration dates extending to 2027[150]. - The total number of stock options granted amounts to 188,270,000, with 4,450,000 options exercised and 1,772,000 options expired, leaving a balance of 182,048,000 options[188]. - The stock options plan reflects the company's strategy to incentivize employees and align their interests with shareholders[150]. - The company reported an increase of HKD 167,124 in special director's remuneration for 2018 for a specific director[194]. - The basic annual remuneration for directors increased by HKD 100,000 starting January 1, 2019[194]. Compliance and Governance - The company complied with all provisions of the corporate governance code as per the listing rules during the period from January 1, 2019, to June 30, 2019[197]. - All directors adhered to the standards set forth in the code of conduct for securities transactions during the six months ended June 30, 2019[198]. - The interim report for the six months ended June 30, 2019, was reviewed by the audit committee and the financial statements were reviewed in accordance with the relevant standards[199].