香格里拉(亚洲)(00069) - 2022 - 中期财报

Financial Performance - For the six months ended June 30, 2022, the consolidated revenue was $627.5 million, an increase of 15.0% compared to $545.8 million for the same period in 2021[6]. - The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) was $57.2 million, up from $49.8 million in the previous year, reflecting an improvement of $7.4 million[8]. - The actual attributable EBITDA from the company, subsidiaries, and associates was $169.2 million, a decrease of 15.2% from $199.6 million in the prior year, primarily due to localized COVID-19 restrictions in mainland China[8]. - The company reported a loss attributable to shareholders of $158.2 million for the six months ended June 30, 2022, compared to a loss of $59.8 million for the same period in 2021[8]. - The significant loss was impacted by an extraordinary foreign exchange loss of $106.6 million due to a 44% depreciation of the Sri Lankan Rupee[8]. - The net asset value attributable to shareholders was $5,426.4 million as of June 30, 2022, down 7.5% from $5,864.3 million at the end of 2021[7]. - The net asset value per share decreased to $1.52 from $1.64, reflecting a decline of 7.3%[7]. - The company did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[6]. - The company reported a net loss of $(186.5) million for the six months ended June 30, 2022, compared to a loss of $(98.6) million in 2021, reflecting an increase of 89.1%[89]. - The company’s operating expenses for the six months ended June 30, 2022, were $252.9 million, an increase of 18.9% compared to $212.7 million in 2021[89]. Revenue Breakdown - Revenue for the six months ended June 30, 2022, was $627,454,000, an increase of 14.9% compared to $545,806,000 for the same period in 2021[13]. - Gross profit for the same period was $303,745,000, up from $230,098,000, reflecting a gross margin improvement[13]. - Room revenue increased to $244,756,000 in the first half of 2022, up from $196,312,000 in the same period of 2021, reflecting a growth of about 25%[23]. - The group’s hotel management and related services revenue rose to $48,337,000, up from $28,698,000, indicating a significant increase of about 68%[23]. - The group reported total revenue of $627,454,000 for the six months ended June 30, 2022, compared to $545,806,000 for the same period in 2021, representing an increase of approximately 15%[23]. - The revenue from properties held for sale surged by 60.9% to $10.3 million, driven by the delivery of residential units in the One Galle Face project in Colombo, Sri Lanka[98]. Losses and Challenges - The net loss for the period was $186,518,000, compared to a net loss of $98,587,000 in the prior year, highlighting ongoing challenges[14]. - The company experienced a foreign exchange loss of $115,341,000, a significant increase from $5,989,000 in the previous year, impacting overall financial results[13]. - The company reported a total comprehensive loss of $(439,660,000) for the six months ended June 30, 2022[16]. - The company reported a significant increase in other income, netting $72,919,000 compared to $18,378,000 in the previous year, contributing positively to overall financial performance[13]. - The company reported a loss attributable to owners of $158.2 million for the six months ended June 30, 2022, compared to a loss of $59.8 million for the same period in 2021, representing a 164.5% increase in losses[122]. Assets and Liabilities - As of June 30, 2022, total assets amounted to $12,680,917 thousand, a decrease from $13,474,267 thousand as of December 31, 2021, representing a decline of approximately 5.9%[11]. - Non-current assets decreased to $11,528,407 thousand from $12,130,204 thousand, reflecting a reduction of about 5.0%[11]. - Current liabilities decreased to $1,330,776 thousand from $1,952,086 thousand, indicating a significant reduction of approximately 31.7%[12]. - Total liabilities as of June 30, 2022, were $7,126,911 thousand, down from $7,424,403 thousand, a decrease of around 4.0%[12]. - The company's equity totalled $5,554,006 thousand, down from $6,049,864 thousand, representing a decline of approximately 8.2%[11]. - Cash and cash equivalents decreased to $613,333 thousand from $745,540 thousand, a decline of about 17.7%[11]. Operational Insights - The recovery in hotel operations was driven by the easing of travel restrictions in destinations such as the UK, Turkey, the Philippines, Singapore, and Malaysia[8]. - The company continues to face challenges from sporadic COVID-19 outbreaks in mainland China, which have affected hotel operations in Beijing and Shanghai[8]. - The company plans to focus on market expansion and new product development to drive future growth despite current losses[14]. - The company is developing several hotel projects in China, including the Kunming JEN Hotel (45% equity, 274 rooms, opening in 2023) and Zhengzhou Shangri-La (45% equity, 314 rooms, opening in 2024)[134]. - The company anticipates a recovery in hotel operations driven by leisure demand, particularly in countries that reopened in 2022, such as the Philippines, Singapore, and Malaysia[141]. Shareholder Information - The company’s total equity as of June 30, 2022, was $3,201,995,000, reflecting an increase from the previous period[40]. - The company issued a total of 12,458,000 shares under the share award plan, with 2,186,000 shares already vested, incurring an expense of $2,169,000 for the awarded shares during the period[45]. - The company has granted a total of 301,024,679 share options under its share option scheme, which accounts for 8.40% of the issued shares[155]. - The company’s major shareholder, Caninco Investments Limited, holds 568,568,684 shares, representing 15.857% of the total issued shares[147]. - The company’s director, Guo Huiguang, holds a total of 90,220,551 shares, representing 2.516% of the total issued shares[150].