Financial Performance - Total cargo throughput for the first half of 2022 was 22.206 million tons, a slight decrease of 0.2% compared to 22.243 million tons in the same period of 2021[20]. - Container throughput for the first half of 2022 was 10.039 million TEUs, down 2.5% from 10.297 million TEUs in the first half of 2021[25]. - Revenue for the first half of 2022 was HKD 7,114 million, a decrease of 18.6% from HKD 8,742 million in the same period of 2021[15]. - Profit attributable to equity holders for the first half of 2022 was HKD 286 million, a decrease of 31.5% compared to HKD 418 million in the first half of 2021[20]. - The group's revenue for the first half of 2022 was HKD 7.114 billion, a decrease of 18.6% compared to the same period last year[28]. - The net profit for the period was HKD 771,526,000, a decrease of approximately 16.0% from HKD 918,740,000 in the previous year[49]. - Basic earnings per share for the period were HKD 0.046, down from HKD 0.068 in the same period of 2021[49]. - The profit for the period attributable to equity holders was HKD 286,096,000, down from HKD 417,579,000, reflecting a decline of 31.4%[77]. - Gross profit for the same period was HKD 1,716,640,000, down from HKD 1,960,676,000, reflecting a decline of about 12.4%[49]. - The company reported a significant increase in other income and gains, reaching HKD 151,825 in the first half of 2022, compared to HKD 129,761 in the first half of 2021[115]. Dividends - The company did not declare an interim dividend for the six months ended June 30, 2022[21]. - The group did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[75]. - The company declared a final dividend of HKD 5.99 per share for the year ended December 31, 2021, compared to HKD 4.13 per share for the previous year, an increase of 45.1%[74]. Assets and Liabilities - As of June 30, 2022, total assets were HKD 44.477 billion, down from HKD 46.302 billion at the end of 2021[38]. - Total liabilities decreased to HKD 14,344,744 thousand from HKD 15,773,059 thousand, a reduction of about 9.05%[52]. - The company's total equity as of June 30, 2022, was HKD 30,132,736 thousand, down from HKD 30,528,863 thousand at the end of 2021, a decrease of about 1.3%[53]. - The company's equity attributable to equity holders was HKD 13,676,399 as of June 30, 2022, down from HKD 14,436,389 at the end of 2021[116]. - The company's total borrowings amounted to HKD 9,213,737,000, a decrease of 10.8% from HKD 10,333,123,000 as of December 31, 2021[86]. - Total borrowings as of June 30, 2022, amounted to HKD 9,214,000,000, with an average borrowing rate of 4.4% for RMB loans and 1.9% for HKD loans[41]. Operational Highlights - The company plans to enhance smart port construction and upgrade traditional equipment to promote green port development[27]. - The company aims to improve production automation and service intelligence levels as part of its long-term sustainable development strategy[27]. - The company is focused on expanding its container and bulk cargo handling services in Tianjin Port, China, as part of its growth strategy[55]. - The company reported a net cash inflow from operating activities of HKD 1,495 million for the first half of 2022, compared to HKD 1,402 million in the same period of 2021[15]. - The group generated a net cash inflow from operating activities of HKD 1,495 billion, despite a net cash outflow from investing activities of HKD 2,259 billion[37]. Awards and Recognition - The company received two awards in 2022 for outstanding port operating services and cargo handling services, recognizing its innovation and practices in the international market[27]. Market Conditions and Outlook - The outlook for the remainder of 2022 remains cautious due to market conditions and ongoing economic challenges[117]. Employee and Governance - The group employed approximately 6,300 staff as of June 30, 2022, with a focus on performance-based compensation and training for productivity enhancement[43]. - The group has adhered to all provisions of the Corporate Governance Code except for the attendance of the chairman at the annual general meeting[101].
天津港发展(03382) - 2022 - 中期财报