新创建集团(00659) - 2022 - 中期财报

Financial Performance - Revenue for the six months ended December 31, 2021, was HKD 16,304.2 million, an increase from HKD 14,232.5 million in the same period of 2020, representing a growth of approximately 14.5%[5] - Profit attributable to shareholders for the same period was HKD 1,595.3 million, compared to HKD 611.8 million in 2020, marking a significant increase of approximately 160%[5] - Operating profit for the period was HKD 2,326.3 million, down from HKD 3,336.3 million in the previous year, indicating a decrease of about 30.2%[5] - The adjusted EBITDA decreased by 19% to HKD 32.458 billion during the period[7] - The overall attributable operating profit of the group declined by 30% to HKD 23.263 billion, with core business attributable operating profit down 8% to HKD 21.415 billion[7] - Total comprehensive income for the period was HKD 7,849.5 million, significantly higher than HKD 4,484.4 million in the prior year[32] - The company reported a basic earnings per share of HKD 0.41, compared to HKD 0.16 for the same period in 2020, reflecting a 156.3% increase[31] Assets and Liabilities - Total assets as of December 31, 2021, amounted to HKD 157,240.4 million, an increase from HKD 152,572.9 million as of June 30, 2021[6] - Total liabilities decreased to HKD 92,407.8 million from HKD 94,118.9 million, showing a reduction of about 1.8%[40] - The net debt ratio improved to 13% from 25% in the previous period, showcasing a stronger financial position[6] - Total liabilities related to investment contracts amounted to HKD 10,250.6 million, reflecting the company's obligations in this area[66] - The total liabilities related to insurance and investment contracts amounted to HKD 46,982.7 million as of December 31, 2021[153] Dividends and Shareholder Returns - The interim dividend per share was set at HKD 0.30, slightly up from HKD 0.29 in the previous year, with a payout ratio of 74% compared to 185% in 2020[5] - The company paid dividends to shareholders totaling HKD 1,173.3 million, compared to HKD 1,134.3 million in the same period last year[49] - The board declared an interim dividend of HKD 0.30 per share for the fiscal year 2022, expected to be paid on April 7, 2022[178] Segment Performance - The contribution to attributable operating profit from Hong Kong operations was 42%, down from 48% in the previous year, while contributions from mainland and other regions were 41% and 17%, respectively[7] - The road business's attributable operating profit decreased by 9% to HKD 968.7 million, with traffic volume declining by 2% and toll revenue down by 7%[12] - The aviation segment's attributable operating profit remained stable at HKD 274.4 million, supported by the gradual recovery of domestic flights and global travel[14] - The construction segment's attributable operating profit decreased by 23% to HKD 407.5 million, impacted by intense competition and rising material costs[14] - The overall attributable operating profit contribution from the construction segment was HKD 4.075 billion, down 23% year-on-year[14] Cash Flow and Investments - The net cash generated from operating activities was HKD 4,599.5 million, a decrease of 15.7% from HKD 5,455.8 million in the same period last year[47] - The net cash used in investment activities amounted to HKD 2,571.4 million, compared to HKD 5,814.0 million in the previous year, indicating a significant reduction in cash outflow[47] - The group completed the sale of Xiamen Container Terminal Group and Suez Recycling, raising approximately HKD 6.2 billion for future investments[7] Financial Management and Risk - The company is actively identifying and mitigating risks, particularly in environmental, social, and governance areas[27] - The company's financial risk management policies have not changed significantly since the last fiscal year-end, maintaining a focus on market, credit, and liquidity risks[58] - The group’s financial risk management includes interest rate swaps and foreign exchange forward contracts to hedge against risks[173] Corporate Governance - The company has adopted the Corporate Governance Code as per the Listing Rules Appendix 14 and has complied with all applicable provisions during the period[182] - The company’s audit committee has reviewed the accounting principles and practices adopted during the period[186] - The company has ensured compliance with the standards set out in the Securities and Futures Ordinance regarding the interests of directors in securities[188] Strategic Outlook - The company remains committed to optimizing its business portfolio to enhance long-term value for shareholders[4] - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and customer service[1] - Future guidance indicates a positive outlook with expected revenue growth driven by increased demand in the aviation and insurance sectors[1]