Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 278,995,000, a decrease of 13.1% from HKD 320,863,000 in 2021[3] - Total profit for the period was HKD 141,252,000, down 14.2% from HKD 164,709,000 in the previous year[3] - The company reported a loss attributable to equity holders of HKD 132,946,000, compared to a profit of HKD 167,779,000 in 2021, representing a significant decline[3] - The basic and diluted loss per share for the period was HKD (1.45), compared to earnings of HKD 1.83 per share in 2021[3] - The company reported a net loss before tax of HKD (128,090,000), compared to a profit before tax of HKD 156,111,000 in the previous year[3] - Total comprehensive income for the period amounted to a loss of HKD 170,240 thousand, significantly down from a profit of HKD 97,669 thousand in the same period last year[17] - The group reported a pre-tax loss of HKD 128,090,000 for the period[31] - The food business segment generated revenue of HKD 254 million, down from HKD 294 million in 2021, with increased losses of HKD 67 million compared to HKD 37 million in the previous year[114] Assets and Liabilities - The company's total assets decreased to HKD 3,720,972,000 from HKD 4,261,941,000, reflecting a decline of 12.7%[12] - Total assets as of June 30, 2022, amounted to HKD 4,685,439, a decrease from HKD 5,004,747 as of December 31, 2021[38] - The company reported a total liability of HKD 1,442,614 as of June 30, 2022[38] - The company’s non-current liabilities decreased to HKD 478,147,000 from HKD 799,976,000, indicating a reduction of 40.2%[12] - Total liabilities decreased to HKD 1.4 billion as of June 30, 2022, from HKD 1.5 billion on December 31, 2021[140] Cash Flow and Investments - Cash and cash equivalents as of June 30, 2022, were HKD 596,193,000, down from HKD 783,321,000 at the end of 2021, a decrease of 23.9%[11] - Cash flow from operating activities showed a net outflow of HKD 101,855 thousand, a decline from a net inflow of HKD 33,336 thousand in the previous year[19] - The company incurred a net cash outflow from investing activities of HKD 15,891 thousand, slightly improved from HKD 16,040 thousand in the prior year[19] - Financing activities resulted in a net cash outflow of HKD 63,218 thousand, a significant decrease from HKD 320,364 thousand in the previous year[19] Segment Performance - The property investment segment reported a loss of HKD 6,439,000, while the food business segment incurred a loss of HKD 66,862,000[31] - The healthcare services segment recorded a loss of HKD 920,000, and the securities investment segment had a significant loss of HKD 19,922,000[31] - The food business generated revenue of HKD 125,123, down from HKD 152,841, reflecting a decline of 18.2%[38] - The healthcare services reported a loss of HKD 37,273, compared to a profit of HKD 210,499 in the previous period[38] Dividends and Shareholder Information - The company declared a dividend of HKD 41,341 thousand for the year-end 2021, compared to HKD 50,528 thousand in the previous year[19] - The interim dividend declared is HKD 0.35 per share, totaling HKD 32,154,000 for the six months ended June 30, 2022, compared to no dividend in 2021[66] - The company reported a total of 9,186,912,716 issued and fully paid ordinary shares as of June 30, 2022, unchanged from December 31, 2021[79] Economic and Market Conditions - The company faced significant operational challenges due to the ongoing pandemic and inflationary pressures affecting input costs[114] - The overall economic environment remains challenging, influenced by the ongoing Russia-Ukraine conflict and inflationary pressures[110] - The company anticipates a challenging operating environment in the second half of 2022 due to rising inflation and tightening monetary policies by major central banks[149] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors and one non-executive director[184] - The board believes that good corporate governance practices are increasingly important for maintaining and enhancing investor confidence[187] - The company has complied with the corporate governance code as set out in the Listing Rules during the six months ended June 30, 2022[187]
力宝华润(00156) - 2022 - 中期财报