天安(00028) - 2022 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$912,475,000, an increase of 75.5% compared to HK$519,703,000 in the same period of 2021[24]. - Gross profit for the period was HK$529,741,000, representing a 72.1% increase from HK$307,209,000 in the previous year[24]. - Profit for the period attributable to owners of the Company was HK$420,245,000, up 14.8% from HK$366,052,000 in 2021[27]. - Basic earnings per share increased to HK$28.66, compared to HK$24.39 in the same period last year, reflecting a growth of 17.5%[27]. - Total comprehensive income for the period was HK$390,101,000, compared to HK$347,881,000 in the same period last year, reflecting an increase of 12.1%[27]. - Profit for the period increased to HK$390,101,000, up from HK$347,881,000, representing a growth of approximately 12.5%[29]. - Total comprehensive (expense) income for the period was HK$(870,746,000), compared to HK$451,784,000 in the previous year, indicating a significant decline[29]. Revenue Breakdown - The Group's revenue for the period was HK$912,475,000, with property development contributing HK$586,785,000, property investment HK$243,287,000, and other operations HK$82,403,000[78]. - Revenue from completed property sales was HK$586,785,000, a significant increase of 160% compared to HK$225,443,000 in the same period of 2021[71]. - Revenue from property management decreased to HK$54,414,000, down 9% from HK$60,119,000 year-on-year[71]. - Total revenue from contracts with customers reached HK$669,188,000, up 131% from HK$289,769,000 in the previous year[71]. - Lease revenue increased to HK$243,287,000, a slight rise of 6% compared to HK$229,934,000 in the same period last year[71]. Financial Position - Non-current assets totaled HK$31,660,474,000, slightly up from HK$31,445,817,000[30]. - Current liabilities increased to HK$10,217,463,000 from HK$10,965,426,000, showing a decrease of approximately 6.8%[32]. - Net current assets decreased to HK$3,353,405,000 from HK$4,781,228,000, reflecting a decline of about 29.9%[32]. - Equity attributable to owners of the Company was HK$26,860,444,000, down from HK$27,595,359,000, a decrease of approximately 2.7%[32]. - Interest-bearing borrowings decreased to HK$2,295,220,000 from HK$3,114,959,000, a reduction of about 26.2%[32]. Cash Flow and Financing - For the six months ended June 30, 2022, the net cash from operating activities was HK$283,971,000, compared to a net cash used in operating activities of HK$227,598,000 in the same period of 2021[55]. - The company reported a net decrease in cash and cash equivalents of HK$764,333,000, with cash and cash equivalents at the end of the period amounting to HK$2,797,388,000[57]. - New bank and other loans raised amounted to HK$263,089,000, a significant decrease from HK$1,311,203,000 in the previous year[57]. - The cash flow from financing activities showed a net cash used of HK$1,200,584,000, compared to a net cash used of HK$249,437,000 in 2021[57]. Impairment and Losses - The net impairment losses on loans and receivables were HK$635,000, a significant decrease from HK$30,422,000 in the same period of 2021[24]. - The fair value gain on investment properties was HK$23,220,000, down from HK$89,158,000, a decline of 74.0% year-on-year[24]. - The Company reported a net decrease in the fair value of investment properties of HK$68,843,000, compared to an increase of HK$200,682,000 in the previous year[24]. Shareholder Information - As of June 30, 2022, Allied Group Limited (AGL) held 745,269,096 shares, representing approximately 50.83% of the total issued shares[194]. - PIA Ltd held 263,518,570 shares, accounting for approximately 17.97% of the total issued shares[194]. - The total number of shares in issue as of June 30, 2022, is 1,466,069,491[11]. - The interests of AGL are held through its wholly-owned subsidiaries, indicating a strong control over the company[198]. Legal and Regulatory Matters - A legal claim for approximately HK$252,861,000 has been raised against the Group by a bank regarding unpaid loans and interest, with the case currently under appeal[136]. - The Group believes it has strong grounds against the claim, which is not expected to have a material effect on the financial statements[138]. - The bank has initiated legal proceedings against a joint venture of the Group for an outstanding loan and interest totaling approximately HK$252,861,000[138]. Market and Economic Conditions - The economic growth in Mainland China and Hong Kong has been impacted by strict measures to contain the Omicron variant and rising interest rates in the US and Europe[185]. - The Group remains confident in the long-term prospects of the property market in Mainland China and Hong Kong despite short-term uncertainties[186].