Company Overview - CITIC Telecom International Holdings Limited reported a significant presence in over 160 countries and regions, connecting with more than 600 operators and serving over 3,000 multinational enterprises and 40,000 local businesses[3]. - The company holds a 99% stake in Macau Telecommunications Company, which is the only provider of comprehensive telecommunications services in Macau, contributing significantly to the region's development[3]. - Acclivis Technologies and Solutions Pte. Ltd. operates in Malaysia, Indonesia, Thailand, and the Philippines, focusing on cloud solutions and managed services, enhancing the company's regional IT service capabilities[2]. - The company has over 2,500 employees and operates more than 165 global network nodes, showcasing its extensive operational scale[3]. - The company emphasizes its core values of "Intelligence and Integrity" while operating in 22 countries and regions, aiming to provide global communication and ICT services[3]. Financial Performance - For the first half of 2023, CITIC Telecom International Holdings Limited reported a profit attributable to shareholders of HKD 721 million, an increase of 26.0% compared to the same period last year[24]. - Total revenue for the first half of 2023 was HKD 5,326 million, reflecting a growth of 7.0% year-on-year, with telecom service revenue reaching HKD 4,690 million, up 6.8%[11]. - The group's profit for the first half of 2023 increased by 24.2% year-on-year to HKD 734 million, with profit attributable to shareholders rising by 26.0% to HKD 721 million[33]. - Basic earnings per share grew by 25.8% to HKD 0.195 compared to the first half of 2022[33]. - EBITDA for the period was HKD 1.448 billion, reflecting a 9.4% increase from HKD 1.324 billion in the previous year[36]. Dividends and Shareholder Returns - The company maintained an interim dividend of HKD 6.0 per share, consistent with the previous year[24]. - The company declared an interim dividend of HKD 0.06 per share for the year ending December 31, 2023[42]. - The final dividend for the previous fiscal year approved and paid during the interim period is HKD 0.185 per share, amounting to HKD 684 million, an increase from HKD 627 million in 2022[112]. Debt and Financial Stability - As of June 30, 2023, total assets decreased by 3.3% to HKD 17,577 million, while total equity attributable to shareholders increased by 0.5% to HKD 10,429 million[20]. - The net debt-to-capital ratio improved to 18%, down from 20% at the end of 2022, indicating a reduction in financial leverage[20]. - The company's net borrowings decreased to HKD 2.325 billion, with a net capital debt ratio dropping from 20% to 18%[50]. - Total borrowings decreased to HKD 4.084 billion, primarily due to early repayment of HKD 454 million during the period[55]. Market and Service Expansion - The company is actively expanding its ICT services in mainland China through its subsidiary, China Enterprise Network Communication Technology Co., Ltd., which holds various national value-added telecommunications business licenses[2]. - The company is focusing on product innovation and business model innovation to strengthen its international telecommunications operations and optimize platform services[28]. - The group is actively expanding new businesses and markets, optimizing overseas business layout, and has submitted an ISP license application in the Philippines[26]. - The company has established bilateral 5G roaming agreements with 103 overseas operators covering 95 countries/regions, enhancing its international connectivity[25]. Innovation and Technology - CPC's AI-AR Remote Hand solution won the "Outstanding Innovation or Digital Transformation Award" at the 2023 Pacific Telecommunications Council Awards, highlighting the company's commitment to innovation[5]. - CPC's TrustCSI™ MSS was recognized with the "2022 Excellent Product Technology Solution" award, reflecting its strong position in cybersecurity services[5]. - The group completed the development of an AR digital twin platform in collaboration with the Hong Kong Applied Science and Technology Research Institute[27]. Operational Efficiency - The company has expanded its network coverage, with its virtual private network services now covering nearly 160 countries and regions[25]. - The fiber-to-the-room (FTTR) service was actively promoted, achieving a 100% fiberization rate for broadband users in Macau by June 30, 2023[25]. - The company is committed to enhancing its cloud service capabilities and expanding its digital solutions supply capacity in Southeast Asia[28]. Corporate Governance and Compliance - The company has received multiple ISO certifications, demonstrating its commitment to quality and security standards[3]. - The company has fully complied with the applicable code provisions of the Corporate Governance Code during the six months ended June 30, 2023[140]. - The company's financial report has been reviewed and found to comply with the relevant accounting standards, ensuring transparency and accuracy[126]. Shareholder Information - Major shareholders include China CITIC Group Limited, holding 2,129,345,175 shares, representing 57.56% of the issued shares[137]. - The company is listed on the Hong Kong Stock Exchange under the stock code 01883[142]. - Shareholders can request printed copies of the annual and interim reports from the company's share registrar[143].
中信国际电讯(01883) - 2023 - 中期财报