Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 12,290,690 thousand, an increase of 8.1% compared to HKD 11,369,355 thousand in the same period of 2023[2] - Pre-tax profit decreased by 7.1% to HKD 3,664,178 thousand from HKD 3,942,351 thousand year-on-year[4] - Profit attributable to owners of the company was HKD 2,410,985 thousand, down 4.6% from HKD 2,526,909 thousand in the previous year[4] - Basic earnings per share decreased to HKD 36.88 cents from HKD 38.65 cents, reflecting a decline of 4.6%[4] - The company reported a total comprehensive income of HKD 2,259,527 thousand for the six months ended June 30, 2024, compared to HKD 934,897 thousand in the same period of 2023[5] - The company reported a net foreign exchange loss of HKD (1,998) thousand for the six months ended June 30, 2024, compared to a gain of HKD 10,469 thousand in the same period of 2023[18] - The company’s net profit for the first half of 2024 was HKD 2,665,782 thousand, down from HKD 2,851,135 thousand in the first half of 2023, reflecting a decrease of approximately 6.5%[16] - The total tax expense for the six months ended June 30, 2024, was HKD 998,396, a decrease from HKD 1,091,216 in the same period of 2023, representing a reduction of approximately 8.5%[29] Dividends and Shareholder Returns - The interim dividend per share increased by 28.1% to HKD 23.97 cents from HKD 18.71 cents in the prior period[4] - The interim dividend declared for the six months ended June 30, 2024, is HKD 0.2397 per share, an increase from HKD 0.1871 per share in 2023[8] - The company will suspend share transfer registration on October 14, 2024, to facilitate the distribution of the interim dividend[76] Assets and Liabilities - Non-current assets totaled HKD 85,505,815 thousand as of June 30, 2024, compared to HKD 84,688,161 thousand at the end of 2023[6] - Current assets decreased to HKD 54,324,280 thousand from HKD 55,277,811 thousand at the end of 2023[6] - As of June 30, 2024, current liabilities totaled HKD 42,184,589, a decrease of 7.5% from HKD 45,666,192 as of December 31, 2023[7] - Non-current liabilities amounted to HKD 38,377,543, reflecting an increase of 5.8% from HKD 36,270,155[7] - The company's equity total was HKD 59,267,963, up 2.1% from HKD 58,029,625[7] - The reserve increased to HKD 34,151,770, a rise of 4% from HKD 32,836,033[7] - Total assets minus current liabilities reached HKD 97,645,506, an increase of 3.5% from HKD 94,299,780[7] Revenue by Segment - Revenue from external customers in the Water Resources segment was HKD 7,051,438, a decrease of 11.3% from HKD 7,950,125 in the same period last year[13] - The Property Investment and Development segment reported revenue of HKD 3,582,522, down from HKD 1,673,223, reflecting a decline of 6.5%[13] - The Department Store Operations segment generated revenue of HKD 389,592, a slight decrease of 3.5% compared to HKD 403,813 in the previous year[13] - The Power Generation segment's revenue was HKD 629,462, down from HKD 697,542, representing a decrease of 9.8%[15] - The Hotel Operations and Management segment reported revenue of HKD 315,188, an increase of 4.5% from HKD 302,337 in the same period last year[15] - The Roads and Bridges segment's revenue was HKD 322,488, a decrease of 5.8% compared to HKD 342,315 in the previous year[15] - Total revenue for the group was HKD 7,091,395, down from HKD 7,988,119, reflecting a decline of 11.2%[13] Strategic Plans and Market Focus - The company plans to expand its market presence in mainland China and Hong Kong through strategic investments in infrastructure projects[10] - The group is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[10] - The company aims to enhance operational efficiency and market competitiveness through strategic transformation and organizational optimization[71] - The company plans to expand its water resource business and optimize its asset portfolio while focusing on high-value-added services[72] Operational Metrics - The total designed water supply capacity of the company's operational water supply plants was 10,736,800 tons per day as of June 30, 2024, compared to 10,086,800 tons per day in 2023[44] - The total water supply capacity as of June 30, 2024, is 8,786,800 tons per day, an increase from 8,136,800 tons per day as of June 30, 2023, representing a growth of approximately 8%[46] - The total wastewater treatment capacity as of June 30, 2024, is 2,054,400 tons per day, up from 1,929,400 tons per day as of June 30, 2023, indicating an increase of about 6.5%[46] Employee and Compensation - As of June 30, 2024, the group had a total of 11,472 employees, a slight decrease from 11,495 employees as of December 31, 2023[70] - Total employee compensation for the period was approximately HKD 901,354,000, down from HKD 975,816,000 in 2023[70] Corporate Governance and Compliance - The company has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which did not significantly impact financial performance[9] - The company has maintained consistent accounting policies for the interim financial information compared to the previous fiscal year[9] - The audit committee has reviewed the unaudited interim financial report for the six months ended June 30, 2024[77] - The interim results announcement has been published on the company's website and the Hong Kong Stock Exchange[78] - The company remains committed to maintaining high standards of corporate governance in line with stakeholder interests[73]
粤海投资(00270) - 2024 - 中期业绩