天安(00028) - 2025 - 中期业绩

Financial Performance - Revenue for the six months ended June 30, 2025, reached HKD 8,670,198, a significant increase from HKD 1,549,382 in the same period of 2024, representing a growth of approximately 460%[3] - Gross profit for the same period was HKD 4,929,137, compared to HKD 542,115 in 2024, indicating a substantial increase in profitability[3] - The net profit for the six months ended June 30, 2025, was HKD 2,355,991, a remarkable rise from HKD 134,154 in 2024, reflecting an increase of about 1,661%[4] - Earnings per share for the period was HKD 159.94, compared to HKD 5.32 in the previous year, showcasing a significant improvement in shareholder value[4] - Total comprehensive income for the six months was HKD 2,732,969, up from HKD 110,852 in 2024, marking a substantial increase[6] - The company reported a pre-tax profit of HKD 4,462,013,000 for the six months ended June 30, 2025, compared to HKD 232,010,000 for the same period in 2024, indicating a substantial increase[15] - Profit attributable to shareholders for the same period was HKD 2,344.8 million, a 29 times increase from HKD 78.1 million year-on-year[26] Assets and Liabilities - Non-current assets as of June 30, 2025, totaled HKD 34,868,860, compared to HKD 33,468,166 at the end of 2024, indicating growth in asset base[7] - Current assets decreased to HKD 21,216,019 from HKD 24,942,926 in 2024, reflecting a reduction in liquidity[7] - Total assets less current liabilities amounted to HKD 37,675,692,000 as of June 30, 2025, compared to HKD 35,315,216,000 as of December 31, 2024, indicating a growth of approximately 6.7%[8] - The company's equity attributable to shareholders increased to HKD 28,948,767,000 from HKD 26,387,005,000, reflecting a growth of about 9.7%[8] - The non-current liabilities totaled HKD 6,939,135,000 as of June 30, 2025, a slight decrease from HKD 7,151,734,000 as of December 31, 2024[8] Income and Expenses - The company recognized a significant tax expense of HKD 2,174.9 million for the six months ended June 30, 2025, compared to HKD 133.1 million in the previous year[18] - The cost of inventory recognized as an expense was HKD 3,149.1 million, significantly higher than HKD 531.5 million in the prior period[19] - Other income and gains for the six months ended June 30, 2025, totaled HKD 111,709,000, a decrease from HKD 120,949,000 in the same period of 2024[17] Financing and Investments - The company incurred financing costs of HKD 97,304, down from HKD 111,350 in the previous year, indicating improved cost management[3] - The financing costs for the period were HKD 97,304,000, which is a decrease compared to HKD 111,350,000 for the same period in 2024[15] - The group plans to secure reasonably priced bank loans to maintain cash flow for potential land acquisitions and expedite project development[30] - The group provided guarantees amounting to approximately HKD 3,402.0 million related to mortgage loans and development projects[34] Business Segments - The property development segment generated external sales of HKD 7,405,562,000, contributing a segment profit of HKD 4,417,593,000, while the health care segment reported a profit of HKD 45,130,000[15] - The group operates primarily in China and Hong Kong, focusing on four main business segments: property development, property investment, health care, and other operations[13] Market Conditions - The People's Bank of China lowered the one-year Loan Prime Rate (LPR) by 10 basis points from 3.10% to 3.00% and the five-year LPR by 10 basis points from 3.60% to 3.50% in 2025, which is expected to alleviate financial burdens in the real estate sector[41] - The central government and local governments have introduced measures to stabilize the real estate market, including lowering mortgage rates and reducing down payment requirements[41] Employee and Operational Metrics - The group employed 3,900 employees as of June 30, 2025, an increase from 3,646 employees as of December 31, 2024[40] - Total registered sales for the first half of 2025 amounted to 62,300 square meters, a decrease of 51% compared to 126,800 square meters in 2024[28] - Completed total gross floor area was approximately 135,600 square meters, down 20% from 170,500 square meters in 2024[28] - Rental income slightly decreased by 3% compared to the same period in 2024[28] Dividends and Shareholder Returns - The company did not declare an interim dividend for the six months ended June 30, 2025, compared to HKD 293.2 million declared in the previous year[22] - The board has decided not to declare an interim dividend for the six months ending June 30, 2025, maintaining a prudent approach to capital retention[42] Accounting and Compliance - The company has maintained consistent accounting policies in line with Hong Kong Financial Reporting Standards, ensuring comparability with previous financial statements[11] - The audit committee reviewed the group's accounting principles and internal controls for the six months ending June 30, 2025, relying on the external auditor's review[45] - The company did not repurchase, sell, or redeem any of its listed securities during the six months ending June 30, 2025[46]