海丰国际(01308) - 2024 - 中期财报

Revenue and Profitability - For the six months ended June 30, 2024, the company's revenue increased by approximately 3.8% to about $1,300.5 million, compared to approximately $1,253.4 million for the same period in 2023[17]. - Total revenue increased by approximately 3.8% from $1,253.4 million in the six months ended June 30, 2023, to $1,300.5 million in the same period of 2024[20]. - Container shipping and extended logistics revenue rose to $1,160.2 million, compared to $1,142.5 million in the previous year[19]. - Gross profit increased from approximately $332.2 million to $402.6 million, resulting in a gross margin improvement from about 26.5% to 31.0%[22]. - Pre-tax profit increased from approximately $322.2 million to $362.4 million, reflecting a growth of about 12.4%[31]. - Net profit for the period was $352,846 thousand, compared to $312,680 thousand in the prior year, reflecting a year-over-year increase of 12.8%[97]. - Profit before tax increased to $362,378 thousand, representing a growth of 12.5% from $322,241 thousand in the previous year[97]. - For the six months ended June 30, 2024, the company's profit attributable to shareholders was $350,674,000, an increase from $310,297,000 for the same period in 2023, representing a growth of approximately 12.9%[140]. Operational Performance - Container throughput rose by approximately 10.0%, from 1,550,075 TEUs for the six months ended June 30, 2023, to 1,705,164 TEUs for the same period in 2024[17]. - The company operates 78 trade routes, covering 84 major ports across various countries and regions in Asia[15]. - The company aims to optimize its unique operating model, expand service coverage, and enhance route density and direct services to meet customer supply chain management needs[17]. - The company is focused on improving asset turnover and operational efficiency while striving to become a world-class integrated logistics service provider[17]. - The company continues to enhance its fleet structure to maintain long-term cost advantages and reduce harmful gas emissions[17]. Financial Position - Total assets rose by approximately 7.4% from $2,652.5 million to $2,850.0 million[35]. - Total liabilities increased by approximately 1.7% from $721.4 million to $733.7 million[35]. - As of June 30, 2024, the current ratio of the group was approximately 1.5, up from 1.2 on December 31, 2023[36]. - The debt-to-capital ratio was 9.5% as of June 30, 2024, compared to 13.4% on December 31, 2023[36]. - The group had a total of 2,132 full-time employees as of June 30, 2024, with employee costs amounting to approximately $97.4 million, down from $102.2 million a year earlier[40]. - Total non-current assets as of June 30, 2024, amounted to $2,095,954,000, compared to $2,025,878,000 at the end of 2023, indicating a growth of 3.5%[103]. - Current assets increased to $754,007,000 as of June 30, 2024, from $626,585,000 at the end of 2023, marking a rise of 20.3%[103]. - Total liabilities as of June 30, 2024, were $733,709,000, slightly up from $721,405,000 at the end of 2023, showing an increase of 1.8%[105]. - The net asset value increased to $2,116,252,000 as of June 30, 2024, from $1,931,058,000 at the end of 2023, reflecting a growth of 9.6%[106]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was $396,927 thousand, an increase of 8.8% compared to $364,726 thousand in 2023[110]. - Net cash flow from operating activities amounted to $394,317 thousand, up from $368,184 thousand in the previous year, reflecting a growth of 7.1%[110]. - Cash flow used in investing activities was $(138,351) thousand, a significant decrease from $37,679 thousand in 2023, indicating a shift towards cash outflow[110]. - Financing activities resulted in a net cash outflow of $(199,358) thousand, compared to $(657,159) thousand in the prior year, showing an improvement of 69.7%[112]. - The company incurred financial costs of $7,345 thousand, down from $10,511 thousand in the previous year, indicating a reduction of 30.5%[97]. - The company purchased a total of 966,000 shares at an average price of approximately HKD 19.99 per share, totaling about HKD 19.31 million for the share scheme[91]. Shareholder Information - An interim dividend of HK$0.72 per share has been declared for the six months ended June 30, 2024, compared to HK$0.60 for the same period last year[46]. - Major shareholder Yang Shaopeng holds 1,097,794,544 shares, representing 40.92% of the company's equity[84]. - The company declared dividends amounting to $546,782 thousand for the year-end 2022[109]. - The total amount of rewards granted to eligible participants within any twelve months must not exceed 1% of the issued shares[67]. - The company has issued a total of 38,910,871 shares under the share incentive plan, with 4,732,306 shares having vested as of June 30, 2024[59]. Market Outlook - The company believes that the Asian market will continue to experience healthy growth, which is a key focus for its business strategy[14].