香港小轮(集团)(00050) - 2023 - 中期财报

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 242,896,000, representing an increase from HKD 206,766,000 in the same period of 2022, reflecting a growth of approximately 17.5%[13] - For the six months ended June 30, 2023, the group reported a profit of HKD 87,991,000, compared to HKD 65,073,000 for the same period in 2022, representing a year-on-year increase of approximately 35.5%[94] - Total comprehensive income for the period was HKD 92,677,000, up from HKD 69,485,000 in the previous year, indicating a growth of about 33.4%[94] - The net profit for the period was HKD 87,991,000, a 35% increase from HKD 65,073,000 in the previous year[130] - Earnings per share for the period were HKD 0.25, up from HKD 0.18 in the same period last year[130] - Operating profit for the six months was HKD 83,885,000, compared to HKD 76,766,000 in the previous year[111] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 73,775,000, compared to a net cash used of HKD (78,379,000) in the same period of 2022[1] - The company reported a decrease in cash and cash equivalents, with a net decrease of HKD (26,954,000) for the six months ended June 30, 2023, compared to a decrease of HKD (759,174,000) in the same period of 2022[1] - Cash and bank balances as of June 30, 2023, were HKD 163,292,000, a significant increase from HKD 115,129,000 as of December 31, 2022, reflecting a growth of 41.8%[31] - The group’s current assets amounted to HKD 3.75 billion, with current liabilities of HKD 310 million, resulting in a current ratio of 12.5 times[167] Investments and Assets - The segment revenue from property investment was HKD 83,773,000 for the six months ended June 30, 2023, up from HKD 77,911,000 in 2022, indicating a growth of about 7.4%[13] - The company recognized a valuation gain from investment properties of HKD 21,196,000 for the six months ended June 30, 2023, compared to HKD 11,570,000 in 2022, marking an increase of approximately 83.5%[16] - The total assets as of June 30, 2023, were HKD 1,800,560,000, compared to HKD 1,691,232,000 as of December 31, 2022, reflecting an increase of approximately 6.5%[26] - The company’s investment properties were valued at HKD 2,465,690,000, an increase from HKD 2,342,305,000, representing a growth of approximately 5.27%[188] Dividends and Shareholder Information - The interim dividend declared was HKD 53,441,000 for the six months ended June 30, 2023, consistent with the same amount declared in 2022[21] - The company declared an interim dividend of HKD 0.10 per ordinary share for the six months ended June 30, 2023, consistent with the previous year[41] - The major shareholder held approximately 33.41% of the company's issued shares as of June 30, 2023, unchanged from December 31, 2022[77] Liabilities and Provisions - The financing activities resulted in a net cash outflow of HKD (408,100,000) for the six months ended June 30, 2023, compared to a net cash outflow of HKD (54,710,000) in the same period of 2022[1] - The current tax provision for the six months ended June 30, 2023, was HKD 5,479,000, down from HKD 8,502,000 in the same period of 2022, indicating a decrease of about 35.5%[19] - The company has not recognized any contingent liabilities as of June 30, 2023, indicating a stable risk profile[35] Operational Highlights - The company continues to explore opportunities for market expansion and new product development, although specific figures were not disclosed in the report[30] - The company expects that the main revenue in the second half will continue to come from rental income and bank deposit interest[125] - The company has completed construction on a residential project in Cheung Sha Wan, with occupancy expected in early 2024[134] Related Party Transactions - The group has complied with the relevant provisions of the Listing Rules regarding related party transactions[84] - Management and administrative fees received from 2OK were HKD 13,000,000 for the period, compared to HKD 30,000,000 in the previous year, indicating a decline of 56.7%[51] - Management and air conditioning fees paid to a related company amounted to HKD 660,000 for the six months ended June 30, 2023, significantly higher than HKD 70,000 in 2022[73] - The group incurred management, air conditioning, and promotion fees of HKD 216,000 to a subsidiary of a major shareholder for the period, compared to HKD 170,000 in 2022, reflecting an increase of approximately 27.1%[77] Employee and Governance - The number of employees in the group was approximately 260, with compensation aligned to market trends and industry standards[169] - The group is focused on maintaining high levels of corporate governance and has complied with the relevant codes and standards[146]