广南(集团)(01203) - 2025 - 中期财报

Company Information Board Composition This section outlines the composition of the Board of Directors, including executive, non-executive, and independent non-executive directors, along with committee members. - Mr. Yang Zhe serves as Acting Chairman and General Manager, while Mr. Zhou Hongji is Chief Financial Officer and Company Secretary. The Board comprises executive, non-executive, and independent non-executive directors, with Audit, Remuneration, and Nomination Committees[7] Company Basic Information This section provides the company's registered address, contact details, website, share registrar, listing information, stock code, trading unit, and financial year-end date. - The company's registered office is located at Suites 2905-08, 29th Floor, Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong, with stock code 01203, a trading unit of 2,000 shares, and a financial year-end date of December 31[8] Shareholder Calendar This section lists important shareholder event dates, including share transfer registration dates, book close periods, interim dividend amounts, and payment dates. 2025 Shareholder Calendar | Event | Date | | :--- | :--- | | Last day for registration of share transfers | 2025年10月8日 | | Book close period | 2025年10月9日及2025年10月10日 | | Interim Dividend | HK$0.025 per share | | Payment Date | 2025年10月27日 | Financial Highlights Financial Performance for the Six Months Ended June 30 This section summarizes the company's key financial metrics for the reporting period, including year-on-year changes in revenue, operating profit, profit attributable to shareholders, basic earnings per share, and interim dividend per share. Unaudited Financial Highlights for H1 2025 (as of June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change | | :--- | :--- | :--- | :--- | | Revenue | 6,081,142 | 5,417,004 | 12% | | Operating Profit | 119,683 | 130,533 | -8% | | Profit Attributable to Shareholders | 76,207 | 57,727 | 32% | | Basic Earnings Per Share | 8.40 HK cents | 6.36 HK cents | 32% | | Interim Dividend Per Share | 2.50 HK cents | 1.00 HK cents | 150% | Financial Position This section summarizes the company's key balance sheet metrics at the end of the reporting period, including period-end changes in total assets, shareholders' equity, net asset value per share, closing share price, net financial borrowings, and gearing ratio. H1 2025 Financial Position Highlights (as of June 30) | Metric | 2025年6月30日 (HK$ thousand) | 2024年12月31日 (HK$ thousand) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 5,237,411 | 4,938,314 | 6% | | Shareholders' Equity | 2,675,976 | 2,592,751 | 3% | | Net Asset Value Per Share | HK$2.95 | HK$2.86 | 3% | | Net Financial Borrowings | 251,750 | 16,127 | significantly increased | | Gearing Ratio | 9.4% | 0.6% | significantly increased | Management Discussion and Analysis Performance Overview This section summarizes the Group's unaudited consolidated financial results for the first half of 2025, including year-on-year changes in revenue, operating profit, profit attributable to shareholders, and basic earnings per share. H1 2025 Performance Overview | Metric | 2025 H1 (HK$) | 2024 H1 (HK$) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Consolidated Revenue | 6.081 billion | 5.417 billion | increased 12% | | Consolidated Operating Profit | 120 million | 131 million | decreased 8% | | Consolidated Profit Attributable to Shareholders | 76.21 million | 57.73 million | increased 32% | | Basic Earnings Per Share | 8.40 HK cents | 6.36 HK cents | increased 32% | Interim Dividend The Board of Directors announced the interim dividend for 2025 and provides a comparison with the same period last year. 2025 vs 2024 Interim Dividend Comparison | Year | Interim Dividend Per Share (HK cents) | Y-o-Y Change | | :--- | :--- | :--- | | 2025 | 2.5 | 150% | | 2024 | 1.0 | - | Business Review This section provides a detailed review of the Group's main business segments' performance during the reporting period, including revenue, profit, and operational highlights for food and bio-business, tinplate business, and property leasing business. Food and Bio-business Food and Bio-business Performance (H1 2025) | Metric | 2025 H1 | 2024 H1 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | HK$5.019 billion | HK$4.430 billion | increased 13% | | Proportion of Group Revenue | 83% | - | - | | Live Hog Slaughter Volume | approximately 1.52 million heads | approximately 1.55 million heads | decreased 2% | | Market Share of Live Hogs Supplied to Hong Kong | approximately 48% | approximately 48% | remained stable | | Number of Retail Stores | 19 stores | - | increased | | Segment Profit (excluding associates) | HK$91.80 million | HK$96.63 million | decreased 5% | | Share of Profits from Associates | HK$14.55 million | (HK$18.77 million) | turned profitable | | Segment Profit (including associates) | HK$106 million | HK$77.76 million | increased 36% | - The Group has established an integrated industrial chain operation platform covering "livestock and poultry breeding – slaughtering and processing – cold chain logistics – fresh food marketing" to explore opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area food processing industry[12] Tinplate Business Tinplate Business Performance (H1 2025) | Metric | 2025 H1 | 2024 H1 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | HK$1.053 billion | HK$979 million | increased 8% | | Proportion of Group Revenue | 17% | - | - | | Production Volume | 160 thousand tonnes | 151 thousand tonnes | increased 6% | | Sales Volume | 150 thousand tonnes | 134 thousand tonnes | increased 12% | | Segment Profit | HK$43.30 million | HK$14.98 million | increased 189% | - The tinplate business profit increased year-on-year through expanding export business, optimizing product marketing structure, and strengthening cost reduction measures. The Group enhanced raw material procurement supply chain management and improved product competitiveness through R&D innovation[15] Property Leasing Business Property Leasing Business Performance (H1 2025) | Metric | 2025 H1 | 2024 H1 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | HK$9.18 million | HK$8.65 million | increased 6% | | Property Occupancy Rate | 85.3% | 82.6% | increased 2.7% | | Segment Profit | HK$3.90 million | HK$3.91 million | remained stable | | Fair Value Loss/Gain on Investment Properties | N/A | HK$2.34 million loss | turned profitable | Financial Position