Financial Performance - Revenue for the six months ended June 30, 2022, was HK$4,662,983,000, representing a 91% increase compared to HK$2,444,193,000 in 2021[7]. - Gross profit for the same period was HK$3,006,836,000, up 147% from HK$1,217,762,000, with a gross profit margin of 64% compared to 50% in 2021[7]. - Profit for the period increased by 150% to HK$1,936,269,000 from HK$773,609,000[8]. - Profit attributable to owners of the Company rose by 139% to HK$1,606,697,000 from HK$673,389,000[9]. - EBITDA for the period was HK$3,267,024,000, a 140% increase from HK$1,363,222,000[9]. - Basic earnings per share increased by 139% to HK$31.80 from HK$13.33[9]. - The interim dividend per share was HK$15.00, an 88% increase from HK$8.00 in the previous year[9]. - The Company reported total comprehensive income for the period of HK$1,646,154,000, compared to HK$1,161,770,000 in 2021, representing an increase of 41.7%[22]. - Profit for the period was HK$1,606,697, compared to HK$673,389 in the previous period, indicating a significant increase of 138.8%[38]. Assets and Liabilities - Total assets as of June 30, 2022, were HK$25,702,678,000, a 4% increase from HK$24,779,977,000 at the end of 2021[11]. - Total liabilities increased by 22% to HK$6,886,518,000 from HK$5,631,759,000[11]. - Total equity attributable to owners decreased by 2% to HK$18,816,160,000 from HK$19,148,218,000[11]. - Current assets increased to HK$11,995,491,000 from HK$10,573,734,000, indicating a growth of 13.4%[28]. - Cash and cash equivalents as of June 30, 2022, were HK$5,865,117,000, compared to HK$4,410,209,000 at the end of 2021, reflecting a growth of 32.9%[27]. - Total current liabilities increased to HK$5,267,313, up from HK$3,926,321, representing a 34.2% increase year-over-year[31]. - Total non-current liabilities decreased to HK$1,619,205 from HK$1,705,438, a decline of 5.1%[33]. - The net assets of the Company decreased to HK$18,816,160 from HK$19,148,218, a decline of 1.7%[36]. Cash Flow and Investments - Cash generated from operations was HK$3,022,592, with income tax paid amounting to HK$1,143,058, resulting in a net cash inflow from operating activities of HK$1,879,534, compared to HK$1,049,661 in 2021[42]. - Net cash outflow from investing activities was HK$142,546, a substantial decrease from HK$2,036,949 in the previous year, indicating improved cash management[44]. - The company reported a net increase in cash and cash equivalents of HK$1,630,619, compared to a decrease of HK$1,034,034 in the same period of 2021[46]. - Payments to acquire property, plant, and equipment amounted to HK$283,026, slightly higher than HK$277,396 in 2021, reflecting ongoing investment in infrastructure[44]. Production and Sales - The production volume of clean coking coal reached approximately 1.74 million tonnes, representing a year-on-year increase of 20% from 1.45 million tonnes in the same period of 2021[158]. - The average realized selling price of clean coking coal was RMB 2,521 per tonne, a significant increase of 78% compared to RMB 1,415 per tonne in the same period of 2021[157]. - The sales volume of self-produced clean coking coal increased by 16% year-on-year, with clean coking coal sales accounting for 100% of the Group's revenue for the period[159]. - Revenue from sales of clean coking coal for the six months ended June 30, 2022, was HK$4,662,983,000, compared to HK$2,444,193,000 for the same period in 2021, representing an increase of approximately 90.3%[63]. Costs and Expenses - The cost of inventories sold rose to HK$1,656,147,000 in 2022, up from HK$1,226,431,000 in 2021, indicating an increase of 35%[73]. - Staff costs, including directors' emoluments, increased to HK$431,011,000 in 2022, compared to HK$375,437,000 in 2021, reflecting a rise of 14.8%[73]. - Selling and distribution expenses were approximately HK$168 million, an increase of approximately HK$22 million or 15% YoY compared to approximately HK$146 million for the last period[177]. - General and administrative expenses were approximately HK$89 million, a decrease of approximately HK$4 million or 4% YoY compared to approximately HK$93 million for the last period[178]. Taxation - Current tax expense for PRC income tax was HK$872,058,000 for the period, a significant increase from HK$277,004,000 in the previous year[75]. - Income tax expense amounted to approximately HK$813 million, significantly up from approximately HK$283 million in the last period[184]. Dividends - The Group declared an interim dividend of HK 15 cents per ordinary share for the six months ended June 30, 2022, compared to HK 8 cents per share in the same period of 2021[153]. - The total amount of interim dividend for the six months ended June 30, 2022, was HK$757,776,000, based on 5,051,837,842 issued ordinary shares[80]. - The final dividend for the year ended December 31, 2021, was HK$1,616,588,000, compared to HK$454,665,000 for 2020, reflecting a significant increase of 255%[83][84]. Market Conditions - In the first half of 2022, China's GDP growth was 2.5% year-on-year, with a significant decline from 4.8% in Q1 to 0.4% in Q2 due to various economic pressures[200]. - The Group's coal mines operated smoothly during the review period, maintaining stable coal production[191].
首钢资源(00639) - 2022 - 中期财报