和记电讯香港(00215) - 2023 - 中期财报

Financial Performance - Total revenue for the first half of 2023 increased by 1% to HKD 2,328 million compared to HKD 2,298 million in the same period of 2022[5]. - EBITDA for the first half of 2023 rose by 5% to HKD 727 million, primarily due to a significant increase in gross profit[5][9]. - Shareholders' loss decreased by 80% to HKD 19 million, with loss per share improving to HKD 0.39 from HKD 1.99 in the previous year[7]. - The company reported a loss of HKD 19 million for the first half of 2023, compared to a loss of HKD 96 million in the same period of 2022, showing an improvement in financial performance[56]. - Basic and diluted loss per share improved to HKD 0.39 from HKD 1.99, marking a 80.4% decrease in loss per share[53]. - The total comprehensive loss for the period, after tax, was HKD 20 million, compared to a total comprehensive loss of HKD 20 million in the same period of 2022[56]. - The net loss attributable to shareholders improved by 80% to HKD 19 million, compared to HKD 96 million in the first half of 2022[12]. - The pre-tax profit for the first half of 2023 was HKD 8 million, a significant recovery from a loss of HKD 73 million in the first half of 2022[88]. Revenue Breakdown - Service revenue grew by 15% year-on-year to HKD 1,793 million, driven by a significant increase in roaming service revenue, which rose by 68% to HKD 235 million[9]. - Revenue from mobile communications and related services was HKD 1,793 million, up from HKD 1,558 million in the previous year, indicating a growth of about 15.1%[66]. - Hardware and other product revenue decreased by 28% to HKD 535 million, primarily due to weakened demand[12]. - Monthly postpaid customer churn rate slightly increased to 0.9% from 0.7% in the previous year[9]. Customer Metrics - The customer base increased by 13% to approximately 3.4 million, with a notable rise in prepaid customers[9]. - The number of prepaid customers increased by 26% to 1,940 thousand, while postpaid customers decreased by 1% to 1,467 thousand[13]. - The total customer base grew by 13% to 3,407 thousand, with postpaid customers now representing 43% of the total[13]. - 5G penetration rate increased by 18 percentage points to 38% compared to the same period last year[9]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.0228 per share, unchanged from the previous year[8]. - The record date for the interim dividend is August 23, 2023, with the dividend to be paid on September 1, 2023[32]. - The company holds a total of 3,184,982,840 shares, representing approximately 66.09% of the total equity[39]. - Li Ka-Shing holds 404,132,779 shares, which accounts for about 8.38% of the total equity[40]. Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 613 million, compared to HKD 549 million in the same period of 2022, reflecting an increase of approximately 11.6%[58]. - The company’s investment activities resulted in a net cash outflow of HKD 2,431 million for the first half of 2023, compared to HKD 950 million in the same period of 2022, indicating increased investment activity[58]. - Cash and bank balances stood at HKD 3,718 million as of June 30, 2023, slightly up from HKD 3,700 million as of December 31, 2022[75]. Operational Metrics - Total operating expenses increased to HKD 905 million for the six months ended June 30, 2023, compared to HKD 724 million for the same period in 2022, representing a 25% increase[68]. - Employee costs for the six months ended June 30, 2023, totaled HKD 175 million, up from HKD 167 million in the first half of 2022[29]. - The average number of employees for the six months ended June 30, 2023, was 1,146, compared to 1,065 in the first half of 2022[29]. Future Outlook and Strategic Initiatives - The board remains optimistic about the business outlook, expecting further recovery in the roaming market and positive financial performance for the full year[10]. - The company has outlined a future outlook with a projected revenue growth of 10% for the next fiscal year[101]. - New product launches are expected to contribute an additional HKD 300 million in revenue, with a focus on enhancing user experience[101]. - The company is considering strategic acquisitions to enhance its market position, with a budget of up to HKD 500 million allocated for this purpose[101]. Sustainability and Governance - The group has established eight sustainability goals, with three prioritized to guide its sustainability strategy[30]. - The governance framework for sustainability includes various committees and working groups to ensure accountability and stakeholder engagement[30]. - The company emphasizes high corporate governance standards to enhance shareholder value and stakeholder interests[47]. - The company has adopted corporate governance principles to ensure transparency and accountability[47].