北京控股(00392) - 2022 - 中期财报

Financial Performance - The total revenue for the first half of 2022 was HKD 45.99 billion, an increase of 13.9% compared to the same period last year[7]. - The profit attributable to shareholders was HKD 5.03 billion, with a 10.8% increase after excluding one-off items[7]. - The overall revenue for the group in the first half of 2022 was approximately HKD 45.99 billion, a 13.9% increase compared to the same period last year, driven by gas sales revenue of HKD 34.16 billion and beer sales revenue of HKD 7.26 billion[163]. - The net profit attributable to shareholders for the first half of 2022 was HKD 5.03 billion, a decrease of 20.4% from HKD 6.32 billion in the previous year[175]. - The pre-tax profit from the main business, including natural gas distribution, reached HKD 3.87 billion, up 32.4% compared to the same period last year[145]. - The gross profit for the group was HKD 6,761,625, compared to HKD 6,150,572 in the previous year, indicating a year-on-year increase of about 9.9%[197][199]. - Operating profit for the group was HKD 3,703,978, up from HKD 4,907,388 in the same period last year, reflecting a decrease of approximately 24.5%[197][199]. - The financial costs for the group amounted to HKD 906,875, compared to HKD 896,581 in the previous year, reflecting a slight increase of approximately 1.3%[64]. Business Segment Contributions - The gas business contributed HKD 4.62 billion to the profit, accounting for 76.7% of the total profit[8]. - The water business generated a profit of HKD 282.2 million, representing 4.7% of the total profit[8]. - The environmental business contributed HKD 634.1 million, which is 10.5% of the total profit[8]. - The beer business's profit was HKD 488.0 million, making up 8.1% of the total profit[8]. - The gas business generated revenue of HKD 34,162,332, while the environmental business and beer business contributed HKD 4,566,521 and HKD 7,260,308, respectively[197]. Revenue and Sales Growth - Beijing Gas recorded a revenue of HKD 34.16 billion, a 16.3% increase year-on-year, driven by increased gas sales and prices[12]. - The total natural gas sales volume was 10.88 billion cubic meters, with 9.36 billion cubic meters sold within Beijing[12]. - The beer business reported sales of HKD 7,260,308, reflecting a significant contribution to overall revenue[72]. - Beijing Yanjing Brewery achieved beer sales volume of 2.15 million kiloliters, a year-on-year increase of 0.9%, with Yanjing U8 sales reaching 214,000 kiloliters, up 58% year-on-year[157]. Dividends and Shareholder Returns - The interim cash dividend declared was HKD 0.50 per share, up from HKD 0.40 per share in the previous year[7]. - The company declared an interim cash dividend of HKD 0.50 per share, totaling approximately HKD 630,627,000, compared to HKD 504,821,000 the previous year[85]. Expenses and Cost Management - The overall gross margin decreased to 14.7% from 15.2% in the previous year, primarily due to rising operating costs in Yanjing Beer[32]. - Sales and distribution expenses for the first half of 2022 were HKD 1.06 billion, a decrease of 5.5% year-on-year[34]. - Management expenses increased by 20.2% to HKD 3.03 billion, mainly due to higher management costs in Beijing Gas and Yanjing Beer[34]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to HKD 224,407,226,000, an increase from HKD 222,822,051,000 as of December 31, 2021, representing a growth of approximately 0.7%[46]. - Total liabilities increased to HKD 115,350,721,000 from HKD 113,755,082,000, marking an increase of approximately 1.4%[48]. - The company's equity attributable to shareholders was HKD 96.23 billion, with total equity at HKD 109.06 billion, showing a slight decrease from HKD 109.07 billion at the end of 2021[40]. Cash Flow and Financing - Cash and bank deposits as of June 30, 2022, were HKD 31.29 billion, a decrease of HKD 1.95 billion from the end of 2021[40]. - The company reported a net cash outflow from financing activities of HKD 343,997,000, a decrease from HKD 2,050,962,000 in the prior year[187]. - The net cash flow used in investing activities was HKD (5,421,976,000), compared to HKD (4,668,873,000) in the previous year[185]. Strategic Initiatives and Future Outlook - The company aims to maintain steady growth despite global economic uncertainties and inflation pressures[11]. - The establishment of an ESG development committee aims to enhance risk response capabilities and promote sustainable development[156]. - The company is actively exploring digital transformation and new business innovations to support sustainable development and achieve carbon neutrality goals[160].