Financial Performance - The group's revenue for the six months ended June 30, 2023, was HKD 427,006,000, an increase of 12.7% compared to HKD 378,717,000 in the same period of 2022[5]. - The toy business generated revenue of HKD 347,231,000, up 30% from HKD 267,462,000 year-on-year, primarily driven by the global release of the "Teenage Mutant Ninja Turtles: Mutant Mayhem" movie[13]. - The group's operating profit for the first half of 2023 was HKD 120,219,000, a significant recovery from an operating loss of HKD 3,214,000 in the same period of 2022[5]. - Net profit attributable to the company's owners was HKD 96,291,000, compared to a net loss of HKD 58,222,000 in the previous year[5]. - The group’s total comprehensive income for the six months ended June 30, 2023, was HKD 139.9 million, compared to a loss of HKD 91.8 million in the same period of 2022[36]. - The group reported a pre-tax profit of HKD 144,531,000, compared to a loss of HKD 58,222,000 in the same period last year[119]. - The company reported a net loss before tax of HKD 49,869,000, compared to a loss of HKD 39,767,000 in the previous year[97]. Investment Properties - The group's investment properties' fair value was appraised at HKD 5.1 billion, with a revaluation surplus of HKD 4,123,000 recognized in the consolidated income statement[19]. - The property investment and related business revenue decreased by 30% to HKD 76,792,000, down from HKD 109,704,000 in the same period last year[19]. - Total rental income from investment properties was HKD 65.9 million, a decrease of 33.5% compared to HKD 99.2 million in the same period last year[44]. - The fair value of the group's investment portfolio was HKD 1.194 billion as of June 30, 2023, down from HKD 1.322 billion as of December 31, 2022[33]. - The fair value of investment properties as of June 30, 2023, is HKD 5,105,766,000, reflecting a slight increase from HKD 5,096,744,000 at the end of 2022[139]. - The company remains optimistic about the long-term prospects of its property investment and related businesses, while closely monitoring global economic risks[23]. Cash Flow and Dividends - For the six months ended June 30, 2023, the company reported a cash generated from operations of HKD 45,127,000, a decrease from HKD 160,026,000 in the same period last year[85]. - The company paid dividends to equity holders amounting to HKD 62,143,000, slightly down from HKD 62,400,000 in the previous year[87]. - The interim dividend declared was HKD 31,050,000, consistent with the previous year's HKD 31,200,000[126]. - The company reported a net cash generated from investment activities was HKD 38,858,000, compared to a net cash outflow of HKD 25,783,000 in the same period last year[85]. Shareholder Information - As of June 30, 2023, major shareholders included Chen Junhao with 1,345,400,000 shares (65.00%) and TGC Assets Limited with 1,073,400,000 shares (51.86%) of the company[64]. - The company repurchased 3,340,000 shares at prices ranging from HKD 0.58 to HKD 0.63 per share during the period[66]. - As of June 30, 2023, the company had 41,116,000 shares available for issuance under the 2018 Playmates Toys Plan, with 57,784,000 share options available at the beginning of the period[61]. - The company has not granted, exercised, or cancelled any share options during the reporting period[60]. Corporate Governance - The company has complied with the corporate governance code principles and has adhered to all applicable code provisions during the reporting period[68]. - The board of directors oversees the management, business, strategy, and financial performance of the group, with daily operations handled by executive directors[63]. - The company will continue to review and monitor its corporate governance practices to ensure compliance with the corporate governance code[63]. - The company confirmed compliance with the standards set forth in the code of conduct during the period ending June 30, 2023[195]. Market Performance - The "Miraculous: Tales of Ladybug & Cat Noir" series continues to perform well globally, airing in over 120 countries, with the fifth season released on Disney platforms in 2023[15]. - Revenue from external customers in the Americas reached HKD 240,952,000, significantly up from HKD 182,168,000 in the previous year, marking a growth of 32.3%[104]. - The company plans to expand its market presence in the Americas and Europe, focusing on increasing sales in these regions[104]. Operational Metrics - The overall occupancy rate of the investment properties increased to approximately 69% as of June 30, 2023, up from 63% as of December 31, 2022[44]. - Operating expenses increased by 20% year-on-year, reflecting higher variable costs, particularly distribution expenses[45]. - The company is focusing on expanding its property investment and related services to enhance rental income and long-term property value[79]. - The company is actively involved in the design, development, marketing, and distribution of toys and family entertainment products, indicating a strategic focus on this segment[80].
彩星集团(00635) - 2023 - 中期财报