Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 109,452,000, an increase of 9.4% from HKD 100,020,000 in the same period of 2023[1] - Gross profit for the same period was HKD 57,723,000, up from HKD 53,743,000, reflecting a gross margin improvement[2] - The net profit attributable to the company's shareholders for the six months was HKD 17,981,000, down from HKD 22,406,000, a decrease of 19.4%[2] - Basic earnings per share decreased to HKD 0.45 from HKD 0.56, reflecting a decline of 19.6%[3] - The company reported a pre-tax profit of HKD 40,327,000 for the six months ending June 30, 2023[14] - The company reported a decrease in other income to HKD 5,253,000 from HKD 9,827,000, a decline of 46.5%[2] - The company incurred employee benefits expenses of HKD 20,451,000 for the six months ended June 30, 2024, compared to HKD 13,247,000 for the same period in 2023, reflecting a significant increase[18] - The company’s income tax expense for the six months ended June 30, 2024, was HKD 10,764,000, slightly up from HKD 10,207,000 for the same period in 2023[20] Assets and Liabilities - The company's total assets as of June 30, 2024, amounted to HKD 1,913,269,000, slightly down from HKD 1,914,701,000 as of March 31, 2023[4] - Total equity as of June 30, 2024, is HKD 1,746,948,000, a slight decrease from HKD 1,756,500,000 as of December 31, 2023, representing a decline of approximately 0.3%[5] - Total liabilities decreased from HKD 166,321,000 to HKD 158,201,000, indicating a reduction of about 4.5%[5] - Current liabilities totaled HKD 141,631,000, up from HKD 129,465,000, reflecting an increase of approximately 9.4%[5] - Non-current liabilities decreased from HKD 24,690,000 to HKD 28,736,000, showing an increase of about 16.5%[5] - The company's total assets and liabilities combined amounted to HKD 1,913,269,000, slightly down from HKD 1,914,701,000[5] Cash and Liquidity - Cash and cash equivalents increased to HKD 430,886,000 from HKD 319,054,000, indicating a significant liquidity improvement[4] - As of June 30, 2024, the total cash amounted to HKD 430,886,000, representing a 35% increase from HKD 319,054,000 as of December 31, 2023[51] - The current ratio improved to 1,152% as of June 30, 2024, compared to 1,081% as of December 31, 2023, indicating better liquidity[51] Segment Performance - For the six months ending June 30, 2024, the total revenue was HKD 109,452,000, with a significant contribution from the After-Sales Leaseback Arrangement Services at HKD 93,805,000[13] - The After-Sales Leaseback Arrangement Services reported a profit of HKD 39,219,000, while the Supply Chain Management and Financial Technology business generated a profit of HKD 4,135,000[13] - The supply chain management and financial technology segment generated revenue of approximately HKD 13,513,000, compared to HKD 11,220,000 for the same period last year[60] - The supply chain management and financial technology segment recorded a profit of approximately HKD 4,135,000, down from HKD 5,113,000 year-on-year, primarily due to rising labor costs[60] - Revenue from the property leasing services segment decreased to approximately HKD 2,134,000, down from HKD 2,301,000 in the same period last year, resulting in a loss of approximately HKD 264,000 compared to a profit of HKD 2,197,000 previously[61] Investments and Valuations - The fair value of investment properties as of June 30, 2024, is HKD 113,076 million, down from HKD 116,096 million as of December 31, 2023, indicating a decrease of approximately 2.6%[24] - The fair value of residential properties in Hong Kong was HKD 18,410 million as of June 30, 2024, compared to HKD 19,320 million as of December 31, 2023, representing a decline of about 4.7%[24] - The group’s investment properties were valued based on independent professional appraisals conducted by qualified valuers, ensuring compliance with market standards[25] Corporate Governance and Compliance - The financial data presented is unaudited and prepared in accordance with Hong Kong Financial Reporting Standards[7] - The company has adopted new accounting standards effective from January 1, 2024, which do not significantly impact prior periods[9] - The company has adhered to the corporate governance principles as outlined in the Stock Exchange's Listing Rules during the six months ending June 30, 2024[72] - The Audit Committee consists of four members, including three independent non-executive directors, focusing on financial reporting and risk management[73] - The independent auditor has reviewed the interim financial statements for the six months ending June 30, 2024, in accordance with the relevant auditing standards[74] Employee and Management - The total compensation for key management personnel for the six months ended June 30, 2024, was HKD 4,091,000, compared to HKD 2,168,000 for the same period in 2023, representing an increase of approximately 89%[39] - As of June 30, 2024, the company had 62 full-time employees, an increase from 59 employees as of December 31, 2023[70] Risk Management - The company plans to enhance its risk control system and optimize management through the introduction of information technology platforms[62] - The company has no significant foreign exchange risk as its operations are primarily conducted in HKD and RMB[68] - There were no significant contingent liabilities as of June 30, 2024[69]
首惠产业金融(00730) - 2024 - 中期业绩