Contract Awards and Revenue - For the six months ended June 30, 2023, the total value of new contracts awarded was HKD 8,100,000,000, including seven building contracts and six civil engineering contracts [7]. - The company is optimistic about achieving its annual target of HKD 10,000,000,000 in new contracts for the second half of the year [7]. - As of June 30, 2023, the total value of uncompleted contract works increased to HKD 27,000,000,000 [7]. - For the six months ended June 30, 2023, total revenue reached HKD 5,973,534 thousand, an increase from HKD 5,833,020 thousand in the same period last year, representing a growth of approximately 2.4% [64]. - Total revenue for the six months ended June 30, 2023, was HKD 5,973,534, an increase from HKD 5,833,020 for the same period in 2022, representing a growth of approximately 2.4% [84]. - Construction contracts generated HKD 5,870,216 in revenue, while operations from sewage treatment plants and steam fuel plants contributed HKD 24,179 and HKD 79,139, respectively [84]. Financial Performance - The gross profit for the same period was HKD 677,305 thousand, compared to HKD 487,081 thousand in the previous year, indicating a significant increase of approximately 39% [72]. - The profit before tax for the six months ended June 30, 2023, was HKD 329,486 thousand, up from HKD 262,053 thousand in the prior year, reflecting a growth of about 25.7% [72]. - The net profit attributable to the owners of the company for the period was HKD 250,252 thousand, compared to HKD 199,217 thousand in the previous year, marking an increase of approximately 25.6% [72]. - Basic earnings per share for the period was HKD 20.2, up from HKD 16.0 in the same period last year, representing a growth of 26.3% [72]. - The company reported a decrease in investment and other income to HKD 15,926 thousand from HKD 38,843 thousand, a decline of approximately 59% [72]. - Administrative expenses increased to HKD 271,609 thousand from HKD 196,863 thousand, reflecting a rise of about 37.8% [72]. - Financial costs rose to HKD 15,386 thousand from HKD 8,882 thousand, indicating an increase of approximately 73% [72]. Dividends and Equity - The company declared an interim dividend of HKD 0.04 per ordinary share for the six months ended June 30, 2023, compared to no dividend for the same period in 2022 [5]. - The company plans to pay an interim dividend on September 28, 2023 [30]. - The total equity attributable to owners of the company increased to HKD 2,196,572,000 as of June 30, 2023, from HKD 2,092,919,000 as of December 31, 2022 [53]. - The total equity attributable to owners of the company as of June 30, 2023, was HKD 2,196,572 thousand, an increase from HKD 1,872,577 thousand as of June 30, 2022 [64]. Assets and Liabilities - The group's liquid assets amounted to HKD 1,784,000,000, a decrease from HKD 2,391,000,000 as of December 31, 2022 [9]. - The fair value of financial assets as of June 30, 2023, is HKD 803,478,000, compared to HKD 1,220,000 as of December 31, 2022 [27]. - The fair value of debt securities decreased to HKD 36,747,000 as of June 30, 2023, from HKD 102,837,000 as of December 31, 2022 [27]. - The company's current liabilities decreased to HKD 4,960,091 as of June 30, 2023, from HKD 5,107,486 as of December 31, 2022, a reduction of about 2.9% [74]. - The total liabilities decreased slightly to HKD 3,852,881,000 from HKD 3,988,095,000 [131]. - The company's cash and cash equivalents decreased significantly to HKD 1,240,896 from HKD 2,037,124, a decline of approximately 39.1% [74]. Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2023, was a negative HKD 35,882,000, compared to a positive HKD 591,219,000 for the same period in 2022 [175]. - The net cash used in investing activities for the six months ended June 30, 2023, was HKD 655,922,000, significantly higher than HKD 117,711,000 in the previous year [175]. - New bank loans raised during the financing activities amounted to HKD 129,580,000, an increase from HKD 49,708,000 in the same period last year [175]. - The total cash and cash equivalents decreased by HKD 800,862,000, compared to a decrease of HKD 32,790,000 in the prior year [175]. - The company invested HKD 26,287,000 in property, machinery, and equipment during the period, a decrease of 37.0% from HKD 41,712,000 in the same period last year [96]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and confirmed compliance by all directors during the reporting period [19]. - There were no purchases, sales, or redemptions of the company's listed securities during the six months ended June 30, 2023 [21]. - The company did not report any inter-segment sales during the periods under review [66]. - The company did not have any potential ordinary shares that were not issued during the reporting periods [94]. Acquisitions and Investments - The company acquired 20% of RTL for a total consideration of HKD 800,015,700, which includes a shareholder loan of HKD 800,000,000 [103]. - The group acquired subsidiaries for approximately HKD 369,017,000 during the reporting period [146]. - The group completed the acquisition of 100% equity in Tian En Investment Limited for approximately HKD 136,532,000 and Real Best Development Limited for approximately HKD 232,485,000 [158]. - The cash outflow for the acquisition of Tian En Group and Real Best Group was HKD 13,653,000 and HKD 23,248,000, respectively [163]. - The company acquired several subsidiaries during the reporting period, with the remaining 90% of the purchase price expected to be paid in stages, projected to be fully settled by 2025 [183].
利基控股(00240) - 2023 - 中期财报