香港中旅(00308) - 2025 - 中期财报

Company Information The company reports changes in its board of directors and audit/remuneration committee chairpersons - Changes in board members occurred: Mr. Tao Xiaobin, Mr. Xie Zhichi, Mr. Zhang Xiaoke, Mr. Huang Hui, and Mr. Chen Zhihong resigned on August 20, 2025, and Mr. Qian Jiannong was appointed as an independent non-executive director on the same day[5] - Audit Committee Chairman changed from Mr. Chen Zhihong to Ms. Fang Xuan, and Remuneration Committee Chairman also changed from Mr. Chen Zhihong to Ms. Fang Xuan, both effective August 20, 2025[5] Financial Calendar and Shareholder Information This section provides key financial dates, dividend distribution details, and information on issued shares - Interim results announcement date is August 28, 2025[7] Dividend Distribution Status | Period | Dividend | | :--- | :--- | | 2025 Interim | None | | 2024 Final | None | | 2024 Interim | HK 1.5 cents per share to be distributed on October 15, 2024 | | 2023 Final | HK 1 cent per share distributed on June 20, 2024 | - As of June 30, 2025, the company's issued shares are 5,536,633,709 shares[9] Interim Results The group's interim financial performance for the six months ended June 30, 2025, shows a shift from profit to loss, with detailed financial statements and notes Review Report on Interim Financial Information Ernst & Young has reviewed the interim financial information for the six months ended June 30, 2025, and found no matters that lead them to believe the interim financial information is not prepared in all material respects in accordance with Hong Kong Accounting Standard 34 - Reviewing institution is Ernst & Young[11] - Review conclusion is that no matters were found indicating the interim financial information was not prepared in all material respects in accordance with Hong Kong Accounting Standard 34[13] Condensed Consolidated Statement of Profit or Loss For the six months ended June 30, 2025, the Group turned from profit to loss, with revenue decreased year-on-year by 7.64%, pre-tax loss of HKD 8 million, and loss attributable to shareholders of HKD 86.853 million, primarily due to expanded fair value loss on investment properties and increased administrative expenses Condensed Consolidated Statement of Profit or Loss Key Data (For the six months ended June 30) | Metric | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (HKD Thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 1,973,653 | 2,136,982 | (163,329) | -7.64% | | Gross Profit | 533,328 | 610,739 | (77,411) | -12.67% | | Operating (Loss)/Profit | (43,832) | 117,553 | (161,385) | -137.29% | | Pre-tax (Loss)/Profit | (7,807) | 165,230 | (173,037) | -104.72% | | (Loss)/Profit for the Period | (74,760) | 100,387 | (175,147) | -174.47% | | (Loss)/Profit attributable to Owners of the Company | (86,853) | 63,230 | (150,083) | -237.36% | | Basic and Diluted (Loss)/Earnings Per Share (HK cents) | (1.57) | 1.14 | (2.71) | -237.72% | - Fair value loss on investment properties expanded from HKD 99.045 million in the first half of 2024 to HKD 123.328 million in the first half of 2025[15] - Administrative expenses increased from HKD 353.56 million in the first half of 2024 to HKD 405.18 million in the first half of 2025[15] Condensed Consolidated Statement of Comprehensive Income For the six months ended June 30, 2025, the Group's total comprehensive income turned from loss of HKD 1.934 million in the same period of 2024 to gain of HKD 163.934 million, primarily due to net exchange differences on translation of overseas operations turning into a positive gain Condensed Consolidated Statement of Comprehensive Income Key Data (For the six months ended June 30) | Metric | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (HKD Thousand) | | :--- | :--- | :--- | :--- | | (Loss)/Profit for the Period | (74,760) | 100,387 | (175,147) | | Other Comprehensive Income/(Loss) for the Period, Net of Tax | 238,694 | (102,321) | 341,015 | | Total Comprehensive Income/(Loss) for the Period | 163,934 | (1,934) | 165,868 | - Net exchange differences on translation of overseas operations turned from loss of HKD 95.522 million in the first half of 2024 to gain of HKD 227.708 million in the first half of 2025[19] Condensed Consolidated Statement of Financial Position As of June 30, 2025, the Group's total assets increased by 2.66% to HKD 25.184 billion, total equity increased by 1.54% to HKD 18.411 billion, and total liabilities increased by 5.82% to HKD 6.772 billion, with cash and bank balances significantly increased by 16.75% Condensed Consolidated Statement of Financial Position Key Data (As of June 30) | Metric | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | Change (HKD Thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Total Assets | 25,184,477 | 24,531,934 | 652,543 | 2.66% | | Total Equity | 18,411,665 | 18,131,893 | 279,772 | 1.54% | | Total Liabilities | 6,772,812 | 6,400,041 | 372,771 | 5.82% | | Cash and Bank Balances | 2,853,580 | 2,444,190 | 409,390 | 16.75% | | Bank and Other Borrowings (Total) | 1,371,405 | 1,031,953 | 339,452 | 32.90% | - Total non-current assets increased to HKD 16.619862 billion, primarily due to increased prepaid lease payments for land[21] - Total current liabilities increased to HKD 4.270985 billion, primarily due to increased bank and other borrowings[23] Condensed Consolidated Statement of Changes in Equity As of June 30, 2025, the Group's total equity increased to HKD 18.411665 billion, driven primarily by other comprehensive income (especially exchange differences) and non-controlling interests' contributions, despite recording a loss attributable to shareholders for the period Condensed Consolidated Statement of Changes in Equity Key Data (As of June 30) | Metric | January 1, 2025 (HK