Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 6.746 billion, an increase from HKD 6.244 billion in the same period last year[4] - Profit attributable to equity holders was HKD 418.14 million, down from HKD 474.48 million year-on-year[4] - Basic earnings per share decreased to HKD 6.8 from HKD 7.7 in the previous year[4] - Total comprehensive income for the period was HKD 811.87 million, compared to HKD 142.67 million in the prior period[5] - Profit before tax amounted to HKD 1,268,584, reflecting the company's strong operational performance[12] - The company reported a net profit of HKD 418,143 for the six months ended June 30, 2024, down from HKD 474,481 in the same period last year[21] - Basic and diluted earnings per share were calculated at HKD 0.068, consistent with the previous period due to no potential ordinary shares outstanding[21] Revenue Breakdown - Total revenue for the reporting segments reached HKD 7,000,726, with external customer revenue contributing HKD 6,746,266, representing a significant increase compared to the previous period[13] - The cargo handling segment generated revenue of HKD 3,821,026, while the sales segment contributed HKD 1,631,203, and other port services brought in HKD 1,294,037[13] - The group achieved a revenue of HKD 2.781 billion from bulk cargo handling, an increase of 8.9% compared to the previous year[34] - Sales business revenue increased by 16.0% to HKD 1.63 billion in the first half of 2024, with an 18.6% increase in RMB terms due to higher sales volume[38] - Other port services revenue rose by 6.6% to HKD 1.29 billion in the first half of 2024, with a 9.0% increase in RMB terms attributed to increased business volume[39] Cargo Throughput - Total cargo throughput reached 228 million tons, with container throughput at 10.43 million TEUs[3] - In the first half of 2024, the total cargo throughput reached 228 million tons, a year-on-year increase of 1.8% compared to 224 million tons in 2023[26] - The container throughput for the first half of 2024 was 10.43 million TEUs, a year-on-year increase of 1.6%[35] - The throughput of bulk cargo increased by 6.3% to 12.522 million tons in the first half of 2024, with a notable increase of 9.8% at the group's controlled terminals[32] Assets and Liabilities - Non-current assets amounted to HKD 31.34 billion, slightly down from HKD 31.83 billion at the end of 2023[6] - Total assets increased to HKD 41.19 billion from HKD 40.62 billion at the end of 2023[7] - Total liabilities rose to HKD 10.85 billion, up from HKD 10.34 billion at the end of 2023[7] - Trade receivables as of June 30, 2024, totaled HKD 2,134,229, an increase from HKD 1,635,663 at the end of 2023[22] - Trade payables amounted to HKD 1,887,240, up from HKD 1,694,049 at the end of the previous year[23] Cash Position and Expenses - The company reported a net cash position of HKD 6.99 billion as of June 30, 2024, compared to HKD 6.37 billion at the end of 2023[6] - Financial expenses decreased to HKD 128,523 from HKD 149,999 in the previous period, indicating improved cost management[17] - Administrative expenses increased by 3.4% to HKD 929 million in the first half of 2024, compared to HKD 898 million in the same period of 2023[41] - Financial expenses decreased by 14.3% to HKD 129 million in the first half of 2024, primarily due to a reduction in total borrowings[43] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.0473 per share, significantly higher than HKD 0.0224 per share in the previous year[20] Strategic Focus and Initiatives - The group plans to continue focusing on the construction of world-class green and smart ports, leveraging national policy opportunities such as the Beijing-Tianjin-Hebei coordinated development and the Belt and Road Initiative[27] - The group has established a carbon management system, becoming the first in the national port industry to obtain a carbon management system evaluation certificate[25] Employee and Governance - As of June 30, 2024, the group had approximately 5,528 employees, with no changes in retirement benefit contributions during the six months ending June 30, 2024[53] - The group emphasizes lifelong learning and personal development for employees, enhancing productivity through training[54] - The company has complied with all provisions of the corporate governance code during the six months ending June 30, 2024[55] Audit and Reporting - The interim financial statements for the six months ending June 30, 2024, were reviewed by independent auditors in accordance with Hong Kong accounting standards[54] - The interim report for 2024 will be published on the company's website and the HKEX news website in due course[56]
天津港发展(03382) - 2024 - 中期业绩