Financial Performance - The company's unaudited consolidated revenue for the first half of 2024 was HKD 5.417 billion, an increase of 8.6% compared to HKD 4.989 billion in the same period last year[6]. - The unaudited consolidated operating profit was HKD 130.533 million, a decrease of 6.3% from HKD 139.252 million year-on-year[6]. - The unaudited consolidated profit attributable to shareholders was HKD 57.727 million, down 2.4% from HKD 59.132 million in the previous year[6]. - The basic earnings per share for the first half of 2024 was 6.4 HK cents, a decrease of 1.5% compared to 6.5 HK cents in the same period last year[6]. - The company reported a total comprehensive income of HKD 53,233 thousand, a significant recovery from a loss of HKD 16,004 thousand in the previous year[27]. - The company reported a profit of HKD 57,727,000 for the six months ended June 30, 2024, compared to the previous period[30]. - The company reported a comprehensive profit before tax of HKD 94,770,000, compared to HKD 98,378,000 in 2023[41]. - The company reported a pre-tax profit of HKD 15,368,000 for the six months ended June 30, 2024, compared to HKD 9,984,000 for the same period in 2023, reflecting an increase of approximately 53.8%[44]. Segment Performance - The revenue from the food biological segment was HKD 4.429 billion, accounting for 81.8% of the group's total revenue, representing a 15.6% increase year-on-year[7]. - The profit from the food biological segment, excluding losses from joint ventures, was HKD 96.91 million, an increase of 7.8% year-on-year[7]. - Revenue from the tinplate business was HKD 979 million, a decrease of HKD 169 million or 14.7% year-on-year, with segment profit dropping 71.0% to HKD 14.98 million[8]. - Revenue from the food bio segment was HKD 4,357,394,000, up 16.1% from HKD 3,753,369,000 in 2023[37]. - The property leasing segment generated rental income of HKD 8,649,000, a decrease of 13.5% from HKD 9,997,000 in 2023[37]. - The total profit from the reporting segments was HKD 97,038,000, down 16.9% from HKD 116,662,000 in 2023[41]. Cash Flow and Liquidity - Cash and cash equivalents were HKD 736 million, a decrease of 28.9%, with 80.7% in RMB and 3.1% in USD[13]. - The company reported a net loss from operating activities of HKD 134,822,000 for the six months ended June 30, 2024, compared to a net cash generated of HKD 59,892,000 in the same period last year[32]. - Cash and cash equivalents decreased by HKD 294,848,000 during the six months ended June 30, 2024, compared to a decrease of HKD 250,398,000 in the prior year[32]. - The company incurred a cash outflow of HKD 688,820,000 from bank loan repayments during the six months ended June 30, 2024, compared to HKD 222,743,000 in the same period last year[32]. - The company reported a cash inflow of HKD 269,432,000 from financing activities for the six months ended June 30, 2024, compared to HKD 27,194,000 in the same period last year[32]. Assets and Liabilities - Total assets as of June 30, 2024, were HKD 4.703 billion, while total liabilities decreased to HKD 1.913 billion[12]. - The company's total equity as of June 30, 2024, was HKD 2,739,468,000, a decrease from HKD 2,783,913,000 as of January 1, 2023[31]. - Total liabilities decreased to HKD 580,452,000 from HKD 628,547,000, marking a reduction of approximately 7.65%[29]. - The company’s equity attributable to shareholders decreased to HKD 2,552,105,000 from HKD 2,570,014,000, a decline of approximately 0.70%[29]. - The total liabilities of the reporting segments were HKD 1,731,043,000, a decrease from HKD 1,814,168,000 in 2023[40]. Dividends - The company declared an interim dividend of 1.0 HK cent per share, unchanged from the previous year[7]. - The company declared dividends amounting to HKD 18,152,000 during the period[30]. - The group declared an interim dividend of HKD 9,076,000 for the period ending June 30, 2024, consistent with the previous year[61]. - The company announced an interim dividend of HKD 0.01 per share for 2024, consistent with the previous year's dividend[91]. Strategic Focus - The company aims to leverage opportunities from industrial upgrades and domestic demand expansion while managing risks from external market fluctuations[21]. - The food bio-business will focus on innovation and quality, aiming to enhance its brand image as a premium food supplier in the Greater Bay Area[21]. - The tinplate business is committed to optimizing product quality and technology to meet high standards across various industries[21]. - The company emphasizes prudent risk management and flexible operational strategies to ensure steady growth amid global economic uncertainties[21]. - The company plans to strengthen strategic partnerships and market research to capture new market opportunities and enhance its competitive position[21]. Employment and Workforce - The number of full-time employees decreased to 1,462, down 58 from the end of 2023[20]. - The company’s short-term employee benefits for key management personnel were HKD 1,606,000, slightly down from HKD 1,623,000 in 2023[76]. Governance and Compliance - The company’s board and directors confirmed compliance with the corporate governance code during the six months ending June 30, 2024[84]. - The company’s audit committee reviewed the unaudited interim financial report for the six months ending June 30, 2024[87]. - The company has no outstanding principal on its loan financing agreements as of June 30, 2024, including a one-year loan of HKD 400 million[88].
广南(集团)(01203) - 2024 - 中期财报