Financial Performance - The group's revenue for the six months ended June 30, 2022, increased by 25% to HKD 5,800,000,000 compared to HKD 4,700,000,000 in the previous year[9]. - The net profit after tax rose by 33% to HKD 196,000,000 from HKD 147,000,000, with a gross profit margin improvement from 7.3% to 8.4%[9]. - Service revenue for the six months ended June 30, 2022, was HKD 5,833,020 thousand, an increase from HKD 4,677,801 thousand in the same period of 2021, representing a growth of approximately 24.6%[42]. - Gross profit for the same period was HKD 487,081 thousand, compared to HKD 342,400 thousand in 2021, reflecting a year-over-year increase of about 42.3%[42]. - Profit before tax for the six months ended June 30, 2022, was HKD 262,053 thousand, up from HKD 186,333 thousand in 2021, indicating a growth of approximately 40.6%[42]. - Net profit attributable to the owners of the company for the period was HKD 199,217 thousand, compared to HKD 147,389 thousand in the previous year, marking an increase of around 35.3%[42]. - Total comprehensive income for the six months ended June 30, 2022, was HKD 175,791 thousand, compared to HKD 150,777 thousand in 2021, representing a growth of about 16.6%[45]. - The basic earnings per share for the six months ended June 30, 2022, was HKD 16.0, compared to HKD 11.9 in the same period of 2021, representing an increase of approximately 34.4%[42]. - The company reported a profit of HKD 199,217 thousand for the six months ended June 30, 2022, compared to a profit of HKD 147,389 thousand for the same period in 2021, an increase of 35.25%[52]. Financial Position - The group's total equity as of June 30, 2022, was HKD 1,909,000,000, an increase from HKD 1,807,000,000 as of December 31, 2021[16]. - The capital debt ratio decreased to 21% from 45% as of December 31, 2021, reflecting improved financial stability[16]. - The company’s total assets as of June 30, 2022, were HKD 1,909,403 thousand, compared to HKD 1,806,627 thousand as of December 31, 2021, reflecting an increase of 5.69%[50]. - Non-current assets as of June 30, 2022, totaled HKD 1,140,247 thousand, a decrease from HKD 1,210,827 thousand as of December 31, 2021[47]. - Current assets amounted to HKD 5,591,738 thousand as of June 30, 2022, compared to HKD 5,915,365 thousand at the end of 2021, indicating a decline of approximately 5.5%[47]. - Current liabilities were HKD 4,764,993 thousand as of June 30, 2022, down from HKD 5,239,555 thousand at the end of 2021, reflecting a decrease of about 9.1%[47]. - The company’s non-current liabilities decreased to HKD 1,966,992 thousand as of June 30, 2022, from HKD 1,886,637 thousand as of December 31, 2021, a decline of 4.25%[50]. - The company’s retained earnings increased to HKD 1,813,155 thousand as of June 30, 2022, from HKD 1,688,451 thousand as of January 1, 2022, representing a growth of 7.39%[52]. Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 591,219 thousand, compared to HKD 209,291 thousand for the same period in 2021, indicating a significant increase of 182.56%[56]. - The company reported a net cash outflow from investing activities of HKD 117,711 thousand for the six months ended June 30, 2022, compared to HKD 342,090 thousand in the previous year, showing a reduction of 65.54%[56]. - The company’s cash and cash equivalents at the end of June 30, 2022, stood at HKD 1,721,890 thousand, up from HKD 1,534,044 thousand at the end of June 30, 2021, marking an increase of 12.19%[56]. - The company invested HKD 44,033,000 in property, plant, and equipment during the period, significantly lower than HKD 88,215,000 in the same period last year[77]. - The company incurred a tax expense of HKD 75,460 for the six months ended June 30, 2022, compared to HKD 39,476 for the same period in 2021, representing an increase of approximately 91.1%[72]. Shareholder Information - As of June 30, 2022, the company’s major shareholder, Top Horizon Holdings Limited, holds 704,945,033 shares, representing 56.76% of the total shares[25]. - Director Dan Wei Biao owns 123,725,228 shares, accounting for 9.96% of the company[19]. - The company did not declare an interim dividend for the six months ended June 30, 2022[5]. - The total dividends declared for the period amounted to HKD 74,513,000, down from HKD 86,931,000 in the previous year, reflecting a decrease of approximately 14.3%[76]. Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, except for the separation of roles between the chairman and CEO[29]. - The company confirmed compliance with the standard code of conduct for securities transactions by all directors during the six months ending June 30, 2022[30]. - The audit committee reviewed the accounting policies and the unaudited interim financial information for the six months ending June 30, 2022[35]. - No changes in director information have been disclosed since the last annual report[36]. - The company has no other disclosures regarding the interests of directors or their associates in the company’s shares or related securities[24]. Contractual and Operational Insights - The total amount of new contracts awarded during the period was HKD 1,400,000,000, falling short of the target of HKD 10,000,000,000 for 2022[10]. - The total value of unfinished contract works as of the report date was HKD 24,000,000,000, indicating ongoing project commitments[10]. - The segment profit for the construction contracts in Hong Kong was HKD 337,177, while the segment loss from operations in China was HKD 16,397, leading to a consolidated segment profit of HKD 320,780[65]. - The company reported a significant increase in construction contract revenue from HKD 4,602,176 in 2021 to HKD 5,727,088 in 2022, marking a growth of approximately 24.4%[62][63]. - The company’s total revenue from construction contracts with related parties was HKD 68,159,000, slightly down from HKD 70,684,000 in the previous year[111].
利基控股(00240) - 2022 - 中期财报