2022-08-18 08:30Revenue Performance - Total revenue for the six months ended June 30, 2022, was HKD 229,616 million, with Europe contributing HKD 107,397 million, representing a 6% increase [3]. - Revenue from Mainland China was HKD 17,760 million, showing a 20% increase [3]. - Revenue from Hong Kong reached HKD 18,973 million, accounting for 8% of total revenue [3]. - The Asia, Australia, and other regions generated HKD 36,925 million, contributing 16% to total revenue [3]. - Total revenue for the first half of 2022 reached HKD 229,616 million, an increase of 8% compared to HKD 212,386 million in the same period of 2021 [7]. - Total revenue for the six months ended June 30, 2022, was HKD 229,616 million, an increase of 8% from HKD 212,386 million in the same period of 2021 [11]. - Total revenue for the first half of 2022 was HKD 39,407 million, a decrease of 9% compared to HKD 43,160 million in the first half of 2021 [47]. - Total revenue for the six months ended June 30, 2022, was HKD 131,358 million, a decrease from HKD 135,496 million in the same period of 2021, representing a decline of approximately 2.1% [127]. EBITDA and EBIT - EBITDA for the same period was reported at HKD 58,244 million, with a basic benchmark of HKD 53,106 million [4]. - EBIT for the six months ended June 30, 2022, was HKD 34,515 million, with a basic benchmark of HKD 29,377 million [6]. - EBITDA for the first half of 2022 was HKD 70,525 million, reflecting a 3% growth from HKD 68,167 million in the previous year [7]. - The EBIT for the first half of 2022 amounted to HKD 37,648 million, an increase of 8% from HKD 34,809 million in the same period of 2021 [7]. - EBITDA for the same period was HKD 58,244 million, up 5% from HKD 55,590 million year-on-year [12]. - EBIT totaled HKD 34,515 million, reflecting a 5% increase compared to HKD 32,773 million in the previous year [12]. - EBITDA for the first half of 2022 was HKD 58.24 billion, up from HKD 55.59 billion in the same period of 2021 [90]. - The company’s EBITDA margin for the first half of 2022 was approximately 46% compared to 100% in the previous year, indicating a shift in profitability [160]. Profit and Net Income - The net profit attributable to ordinary shareholders was HKD 19,088 million, a 4% increase from HKD 18,300 million in the previous year [7]. - The reported profit attributable to shareholders was HKD 17,740 million, a decrease of 4% from HKD 18,443 million in 2021 [12]. - The company reported a profit of HKD 19,088 million for the six months ended June 30, 2022 [132]. - The profit attributable to ordinary shareholders was HKD 19,088 million, up from HKD 18,300 million in 2021, reflecting a growth of approximately 4.3% [127]. - The company reported a net profit of $2.898 billion for the six months ended June 30, 2022, compared to $2.641 billion in the same period of 2021, representing an increase of approximately 9.8% [130]. Segment Performance - The port and related services segment generated revenue of HKD 22,651 million, up 14% from HKD 19,933 million in the previous year [7]. - Retail infrastructure revenue increased by 3% to HKD 84,905 million, compared to HKD 82,621 million in the same period of 2021 [7]. - CK Hutchison Group Telecom reported a revenue decline of 9% to HKD 41,817 million, down from HKD 45,826 million in the previous year [7]. - The financial and investment segment revenue surged by 47% to HKD 46,804 million, compared to HKD 31,858 million in the same period of 2021 [7]. - The telecommunications segment, CK Hutchison Group Telecom, reported revenue of HKD 41,817 million, down 9% from HKD 45,826 million in 2021 [11]. - The port division is implementing a decarbonization plan to achieve net-zero emissions, including upgrading existing infrastructure [15]. - The retail segment operated 16,244 stores across 28 markets as of June 30, 2022, reflecting a 1% decrease from the end of 2021 [16]. Market Strategy and Outlook - The company is focusing on market expansion and new product development as part of its growth strategy [2]. - Future outlook includes continued investment in technology and potential acquisitions to enhance market presence [2]. - The company is expanding its logistics business and aims to diversify revenue sources through strategic partnerships [15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [170]. - The company continues to face challenges from currency fluctuations and inflationary pressures, particularly in Europe [14]. - The outlook for the global economy remains cautious due to inflation and growth slowdown, but the group expects to maintain stable growth in the second half of the year [29]. Financial Position and Capital Management - The group's total cash and liquid investments reached HKD 119.91 billion, while total bank and other debts amounted to HKD 288.38 billion, resulting in a net debt of HKD 168.39 billion, with a net debt to total equity ratio of 20.5% [27]. - The group aims to reduce its net debt to total equity ratio to 17.5% following the completion of the UK tower transaction in August 2022 [27]. - The group's interest expenses and financing costs for the first half of 2022 amounted to HKD 7.87 billion, a 9% increase year-on-year [69]. - The weighted average cost of debt for the group was 1.8% as of June 30, 2022, compared to 1.6% in the previous year [69]. - The company aims to enhance long-term returns for stakeholders through sustainable profit and cash flow growth, focusing on capital management and strategic alliances in technology sectors [99]. Shareholder Information - The company declared an interim dividend of HKD 0.84 per share, a 5% increase from HKD 0.80 per share in the previous year [11]. - As of June 30, 2022, the total number of shares held by Li Ka-Shing is 1,165,421,760, representing approximately 30.39% of the company's equity [101]. - The report indicates that the actual performance may differ significantly from the forward-looking statements due to risks and uncertainties [100]. - The company has a diverse range of equity interests among its directors, with various family and personal holdings detailed in the report [101]. Risks and Compliance - The report emphasizes the importance of understanding the risks associated with forward-looking statements and the potential for significant deviations from expected performance [100]. - The company maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations [121]. - The board of directors has adopted a standard code for securities transactions, ensuring compliance during the reporting period [122].