数码通电讯(00315) - 2025 - 中期业绩

Financial Performance - Shareholders' profit attributable to the company was HK$256,000,000, representing a 4% year-on-year increase, excluding one-off items[4] - The group reported a profit attributable to shareholders of $257,000,000, a 4% increase from $246,000,000 in the first half of 2023/24, excluding one-off items[15] - Profit attributable to shareholders was $256,658,000, up from $245,792,000, marking a growth of 4.03%[30] - Operating profit for the period was $419,512,000, representing a 16.24% increase from $360,835,000 in the previous year[30] - The actual tax expense was $97,000,000, with an effective tax rate of 27.5%, down from 28.7% in the first half of 2023/24[17] Revenue Growth - Total revenue for the group was $3,492,000,000, up 3% from $3,390,000,000 year-on-year, primarily due to increased sales of mobile phones and accessories[15] - For the six months ended December 31, 2024, total revenue was $3,491,538,000, an increase of 2.94% compared to $3,390,495,000 in the same period of 2023[30] - Revenue from mobile communication services was $2,303,422,000, slightly down from $2,303,463,000 in the previous year, indicating a decrease of about 0.002%[45] - Revenue from mobile phone and accessories sales increased to $1,188,116,000 from $1,087,032,000, reflecting a growth of approximately 9.3%[45] Cost Management - The total operating cost decreased by 2% year-on-year, allowing for more resources to be allocated to network upgrades and customer experience[7] - The cost of services provided decreased by $13,000,000 or 5% to $227,000,000, compared to $240,000,000 in the first half of 2023/24, attributed to improved gross margins in enterprise application solutions[15] - Employee costs increased by 1% to $357,000,000, reflecting annual salary adjustments, although the increase was offset by a reduction in employee numbers[15] Dividends and Shareholder Returns - The company proposed an interim dividend of HK$0.145 per share, consistent with the previous year[9] - The interim dividend declared for the six months ended December 31, 2024, is 14.5 cents per share, consistent with 2023[63] - The total amount of interim dividend payable is approximately $159,778,000, slightly down from $160,004,000 in 2023[63] Customer and Market Development - Customer base grew by 8.5% to 2,870,000, with a 40% penetration rate for 5G services[4] - Revenue from 5G home broadband services increased by 18%, while EBITDA rose by 20%[4] - Roaming revenue grew by 6% due to increased usage of international roaming products[4] - The enterprise application solutions business saw a 13% increase in profit contribution compared to the same period last year[6] Investments and Future Outlook - The company continues to invest in network performance and customer service to meet evolving customer needs[10] - The group plans to continue investing in network quality and coverage, particularly in remote areas, supported by government initiatives[11] - New AI applications are expected to emerge in the coming months, supported by the company's 5G network[10] - New workshops will be launched in the coming months to help users, both businesses and consumers, leverage technology for productivity and security[12] Financial Position - The group maintained a strong financial position with total equity of $5,248,000,000 as of December 31, 2024, including share capital of $110,000,000 and reserves of $5,138,000,000[19] - Cash and bank balances amounted to $1,650,000,000 as of December 31, 2024, compared to $1,577,000,000 on June 30, 2024[19] - Total non-current assets decreased to $7,767,682,000 from $8,152,969,000, a decline of 4.73%[34] - Total current assets increased to $3,173,084,000 from $3,025,306,000, reflecting a growth of 4.90%[34] - Total non-current liabilities decreased to $2,870,223,000 from $3,048,721,000, a reduction of 5.87%[36] - Total equity increased to $5,247,688,000 from $5,185,649,000, showing a growth of 1.20%[36] Governance and Compliance - The company’s audit committee reviewed the interim financial statements and found the accounting policies appropriate and consistent with industry standards[66] - The company is committed to maintaining high standards of corporate governance, adhering to the corporate governance code[69] - The interim financial statements for the six months ended December 31, 2024, have been reviewed by external auditors[67] Credit and Receivables - The group recorded an expected credit loss of $50,000,000, reflecting changes in credit risk of financial assets measured at amortized cost[17] - The accounts receivable as of December 31, 2024, amount to $435,479,000, an increase from $410,315,000 as of June 30, 2024[61] - The impairment loss on accounts receivable for the six months ended December 31, 2024, is $2,020,000, compared to $1,846,000 in 2023[61] - The accounts payable as of December 31, 2024, total $353,941,000, a decrease from $366,208,000 as of June 30, 2024[62] Share Repurchase - The company repurchased 345,000 shares during the six months ended December 31, 2024, at a total cost of $1,410,000[65] - The highest repurchase price per share was $4.19, while the lowest was $3.94[65]