港通控股(00032) - 2023 - 中期财报

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 412,205,000, representing a 35.8% increase from HKD 303,508,000 in the same period of 2022[5]. - The company reported a net profit of HKD 460,386,000 for the six months ended June 30, 2023, compared to a net loss of HKD 163,719,000 in the prior year[6]. - Earnings per share for the period was HKD 1.13, a significant improvement from a loss per share of HKD 0.52 in the previous year[5]. - The company's operating profit for the period was HKD 230,363,000, recovering from an operating loss of HKD 301,944,000 in the same period last year[5]. - Other income for the period included a net gain of HKD 73,591,000, a substantial recovery from a net loss of HKD 394,841,000 in the previous year[5]. - The total comprehensive income for the period was HKD 457,909,000, compared to a total comprehensive loss of HKD 189,052,000 in the same period of 2022[6]. - The total comprehensive income for the six months ended June 30, 2023, was HKD 420,212,000, with a profit of HKD 422,658,000[11]. - The total comprehensive loss for the period was HKD 217,549, which includes other comprehensive losses[10]. Assets and Liabilities - As of June 30, 2023, total assets minus current liabilities increased to HKD 7,626,206, up from HKD 7,057,551 as of December 31, 2022, representing an increase of approximately 8%[9]. - Non-current assets, including property, plant, and equipment, rose to HKD 476,357 from HKD 236,037, indicating a growth of 102%[8]. - The company's net asset value increased to HKD 7,386,553, compared to HKD 7,043,600 at the end of 2022, reflecting a growth of about 5%[9]. - Cash and cash equivalents stood at HKD 2,433,095, slightly down from HKD 2,453,206, a decrease of approximately 0.8%[8]. - Trade and other receivables decreased to HKD 124,508 from HKD 158,405, a decline of about 21%[8]. - The company's total liabilities decreased to HKD 8,399,299,000 as of June 30, 2023, from HKD 7,811,589,000 at the end of 2022, showing a reduction in financial leverage[27]. - The total current financial assets increased to HKD 1,175,484,000 as of June 30, 2023, compared to HKD 1,115,170,000 as of December 31, 2022[34]. Dividends and Shareholder Returns - The company declared dividends totaling HKD 22,361 during the fiscal year, reflecting ongoing shareholder returns despite the losses[10]. - The company declared an interim dividend of HKD 0.06 per share for both the first and second quarters, totaling HKD 44,722,000, consistent with the previous year[48]. - The company plans to declare a second-quarter interim dividend on August 22, 2023, with further details provided in the notes[60]. Market and Operational Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[6]. - The management expressed optimism about future performance, citing strong user data and market demand as key drivers[6]. - The outlook for the second half of 2023 remains cautious due to global economic uncertainties, despite expected strong local demand and inbound tourism[68]. Investment and Financial Management - The financial management segment generated income from dividends and interest, managing a portfolio that includes non-listed funds, equity securities, and debt securities[21]. - The group has decided to change its accounting policies to align with the new guidelines issued by the Hong Kong Institute of Certified Public Accountants, although the impact of this change has not yet been fully assessed[18]. - The group anticipates the implementation of a subsidy plan by the government to assist employers after the cancellation of the offsetting mechanism for long service payments[18]. - The group recorded a profit attributable to shareholders of HKD 422.7 million for the six months ended June 30, 2023, compared to a loss of HKD 192.2 million for the same period in 2022[65]. - The financial management business contributed a net profit of HKD 117.0 million, a significant recovery from a loss of HKD 375.6 million in the previous year[73]. Employee and Governance - The total employee costs for the period were HKD 158.5 million, an increase from HKD 124.0 million as of June 30, 2022[87]. - The company has complied with the Corporate Governance Code during the reporting period, with the exception of not having formal appointment letters for directors[97]. - The audit committee has reviewed the interim report and discussed accounting principles, internal controls, and risk management with management[99]. Changes in Management - There have been changes in the board of directors, with Mr. Lu Yujing resigning and Mr. Huang Longde appointed as an independent non-executive director[101].