万邦投资(00158) - 2022 - 中期财报

Financial Performance - Revenue for the six months ended March 31, 2022, was HKD 80,070,000, a decrease of 6.7% compared to HKD 85,332,000 for the same period in 2021[1] - Gross profit increased to HKD 62,629,000, up 2.2% from HKD 61,258,000 year-on-year[1] - The company reported a profit attributable to shareholders of HKD 31,545,000, a significant recovery from a loss of HKD 85,317,000 in the previous year[1] - Basic and diluted earnings per share improved to HKD 1.26, compared to a loss of HKD 3.41 per share in the previous year[2] - Profit before tax for the six months ended March 31, 2022, was HKD 40,450,000, compared to a loss of HKD 76,691,000 in the same period of 2021[22] - The net profit for the six months ended March 31, 2022, was HKD 31.5 million, a significant improvement from a net loss of HKD 85.3 million in 2021[40] Investment Properties - The fair value loss on investment properties was HKD 15,000,000, a decrease from HKD 131,100,000 in the prior period[1] - The fair value decrease of investment properties was HKD 15,000,000 for the current period, significantly improved from HKD 131,100,000 in the previous year[21] - The fair value of investment properties decreased by HKD 131.1 million during the period, with a net book value of HKD 7,488.5 million as of March 31, 2022[26] - The company’s investment properties were revalued by an independent professional valuer, confirming their fair value as of March 31, 2022[27] Cash Flow and Equity - Cash generated from operating activities was HKD 30,467,000, an increase from HKD 23,073,000 in the same period last year[7] - Total equity at the end of the reporting period was HKD 7,810,614,000, slightly down from HKD 7,817,534,000 at the end of the previous year[5] - The net decrease in cash and bank deposits was HKD 14,533,000, compared to a decrease of HKD 46,927,000 in the previous year[7] - Cash and bank deposits totaled HKD 235.6 million as of March 31, 2022, down from HKD 250.1 million[33] - The group's cash and bank deposits as of March 31, 2022, totaled HKD 235.6 million, down from HKD 250.1 million as of September 30, 2021[42] Dividends - The company distributed dividends of HKD 45,000,000 during the period, compared to HKD 70,000,000 in the previous year[6] - The interim dividend declared was HKD 1.8 per share, totaling HKD 45,000,000, unchanged from the previous year[24] - The company declared an interim dividend of HKD 1.80 per share, consistent with the previous year[37] Rental Income - Rental income for the six months ended March 31, 2022, was HKD 70,814,000, a decrease of 7.4% from HKD 76,528,000 for the same period in 2021[21] - Rental income from related companies amounted to HKD 2.59 million, down from HKD 4.11 million in 2021[35] - The rental income for the first six months of the year decreased by 6.1% to HKD 80.1 million compared to HKD 85.3 million in the same period last year[40] Operational Insights - The contribution to profit before tax from the leasing business was HKD 55,450,000, compared to HKD 54,409,000 in the previous year, reflecting a slight increase of 1.9%[21] - The core operating profit from leasing activities increased by 2% to HKD 55.5 million from HKD 54.4 million in the previous year[40] - The occupancy rates for the group's properties were 93.4% for the Central property and 78.6% for the other commercial building, compared to 88.6% and 82.0% respectively in 2021[41] Shareholder Information - The major shareholders include Cheng Yu Tung Family Holdings, which holds approximately 26.93% of the shares[46] Corporate Governance - The board of directors consists of three executive directors, one non-executive director, and three independent non-executive directors[53] - The auditor's report on the financial statements was unqualified, indicating no reservations or emphasis of matter[53] Other Information - The company has not identified any significant changes in accounting estimates and judgments compared to the previous year's financial statements[19] - There were no acquisitions or disposals of subsidiaries during the reporting period, and no significant capital investment or future development plans were outlined[44] - The company did not repurchase any of its listed securities during the six-month period ending March 31, 2022[49] - The company submitted its financial statements for the year ended September 30, 2021, to the Companies Registry as required by the Hong Kong Companies Ordinance[53] - The company has no significant differences between the carrying amount and fair value of its receivables and payables[32] - The company reported no impairment losses on trade receivables for the period[32] - Trade receivables increased to HKD 4.39 million as of March 31, 2022, compared to HKD 2.99 million in the previous year[31] - The fair value of financial assets measured at fair value through other comprehensive income increased to HKD 104.8 million from HKD 98.3 million[28] - The company maintained a stable employee count of 16, with salary increases and promotions based on performance[43]