载通(00062) - 2023 - 中期财报

Financial Performance - The company's unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million compared to HKD 106.4 million for the same period in 2022, representing a growth of 25.7%[5] - Earnings per share for the six months ended June 30, 2023, was HKD 0.28, up from HKD 0.23 for the same period in 2022, reflecting an increase of HKD 0.05 per share[5] - Revenue for the six months ended June 30, 2023, was HKD 3,805.4 million, a 29% increase from HKD 2,946.7 million in the same period of 2022[51] - Operating profit for the same period was HKD 34.1 million, a significant recovery from an operating loss of HKD 170.1 million in the prior year[51] - Net profit for the period was HKD 133.7 million, compared to HKD 106.4 million in the previous year, reflecting a 25.6% year-over-year increase[52] - The total comprehensive income for the six months ended June 30, 2023, was HKD 23.9 million, compared to a loss of HKD 109.8 million in the same period of 2022[60] Dividends - The board declared an interim dividend of HKD 0.30 per share, totaling HKD 146.1 million, compared to no dividend for the same period in 2022[6] - The interim dividend per share is HKD 0.30, to be paid on October 18, 2023[116] Revenue Sources - Kowloon Bus Company recorded a fare revenue of HKD 3.2542 billion for the six months ended June 30, 2023, an increase of HKD 681.9 million or 26.5% from HKD 2.5723 billion in the same period of 2022[7] - Long Win Bus Company reported fare revenue of HKD 241 million, an increase of HKD 101.6 million or 72.9% compared to HKD 139.4 million in the previous year, driven by increased passenger volume[8] - The revenue from the franchised bus service was HKD 3,494.8 million, up from HKD 2,711.3 million in the previous year, indicating a growth of about 29%[77] - The group’s total revenue from non-franchised transport services was HKD 122.3 million, up from HKD 89.5 million in the previous year, indicating a growth of approximately 36.5%[77] Operating Costs - The total operating costs for Kowloon Bus Company increased by 10.5% to HKD 3.5177 billion, up from HKD 3.1829 billion in the previous year, primarily due to rising fuel and employee costs[7] - Total employee compensation for the six months ended June 30, 2023, was HKD 2.0021 billion, up from HKD 1.8726 billion for the same period in 2022, accounting for approximately 52% of total operating costs[23] Investments and Assets - The group’s investment properties were valued at HKD 5,366.5 million as of June 30, 2023, reflecting an increase from HKD 1,468.8 million at the beginning of the year[90] - The fair value of The Millennity was HKD 6.525 billion, with HKD 3.9 billion classified as investment property and HKD 2.625 billion as development property[12] - The group’s investment in Shenzhen Bus Group amounted to RMB 387.1 million, representing a 35% stake, with the group operating approximately 270 routes and owning 5,315 taxis as of June 30, 2023[14] Financial Position - The group’s net borrowings as of June 30, 2023, amounted to HKD 2.8626 billion, compared to HKD 2.7251 billion as of December 31, 2022[16] - The company reported a net asset value of HKD 16,044.3 million, slightly down from HKD 16,137.4 million at the end of 2022[54] - The company’s retained earnings as of June 30, 2023, were HKD 12,352.1 million, indicating a stable financial position[60] Stock Options and Employee Incentives - A total of 16,350,000 stock options were granted as of March 31, 2023, with 6,980,000 options awarded to 15 directors and 9,370,000 options awarded to various employees[33] - The company continues to manage its stock option plans to align with performance and retention strategies[37] - The stock options are part of the company's broader compensation strategy to attract and retain talent[38] Future Plans and Strategies - The group plans to enhance its bus service network by adding and renovating a total of 31 transfer stations, improving point-to-point transport services[24] - The group plans to increase its fleet of electric buses to over 80 units within this year, aiming for 12.5% of the fleet to be electrified by 2025[25] - The group is focused on developing recurring revenue sources through the redevelopment of properties, including office and retail spaces[25] Compliance and Governance - The company has adopted the standard code for securities transactions by directors, with all directors complying with the trading standards[48] - The company has complied with the applicable code provisions of the Corporate Governance Code during the six months ending June 30, 2023[49]