Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 6,845,957, representing a 0.9% increase from HKD 6,785,206 in the same period last year[12]. - Gross profit for the same period was HKD 2,523,900, up 0.6% from HKD 2,508,330 year-on-year[12]. - Profit attributable to owners of the company decreased by 14.9% to HKD 825,896 from HKD 970,357 in the previous year[12]. - Basic and diluted earnings per share were both HKD 50.60, down 14.9% from HKD 59.45[12]. - The profit for the six months ended September 30, 2023, was HKD 1,377,784, a decrease of 8.8% compared to HKD 1,510,416 for the same period in 2022[22]. - The group reported a net other income of HKD 192,331 for the six months ended September 30, 2023, down from HKD 247,787 in the same period last year[43]. - Segment profit for the period was HKD 2,205,328,000, a decrease from HKD 2,172,721,000 in the previous year, indicating a decline of about 1.49%[49]. - Basic earnings per share for the period were HKD 0.51, down from HKD 0.59 in the same period last year, a decline of about 13.56%[55]. Assets and Liabilities - Total assets as of September 30, 2023, were HKD 60,277,616, a decrease of 1.4% from HKD 61,164,288[13]. - Total liabilities were HKD 39,933,237, showing a slight decrease of 0.1% from HKD 39,992,154[13]. - Net assets decreased by 3.9% to HKD 20,344,379 from HKD 21,172,134[13]. - Current liabilities increased to HKD 20,914,623 from HKD 21,178,405, indicating a reduction in financial obligations[25]. - The company's total liabilities as of September 30, 2023, reached HKD 16,096,095,000, compared to HKD 15,607,292,000 as of March 31, 2023, indicating a growth of 3.1%[67]. - The company's total borrowings as of September 30, 2023, were HKD 22,929,147,000, a decrease from HKD 23,627,832,000 as of March 31, 2023, representing a decline of 3%[67]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.13 per share, down 18.8% from HKD 0.16 in the previous year[12]. - The interim dividend declared was HKD 0.13 per share, compared to HKD 0.16 per share in the previous year, representing a reduction of 18.75%[56]. Operational Highlights - The company serves an estimated population of over 30 million through its urban water supply business[10]. - The group reported a significant increase in user data, with a total of 11,968,212 registered users as of the reporting period[31]. - The group is focused on expanding its market presence and exploring new strategies for growth[31]. - The group has plans for new product development and technological advancements to enhance service offerings[31]. Segment Performance - Revenue from urban water supply operations was HKD 1,614,677, while the revenue from pipeline drinking water supply operations was HKD 124,662, showing a decline from HKD 1,688,473 and HKD 87,307 respectively in the previous year[43]. - The revenue from the urban water supply segment was HKD 4,210,000,000, a slight decrease of 1.2% compared to HKD 4,260,700,000 in the previous year[84]. - The revenue from the pipeline drinking water supply segment surged to HKD 1,027,400,000, representing a significant increase of 160.6% from HKD 394,300,000 in the previous year[85]. - The revenue from the environmental protection segment increased to HKD 637,400,000, reflecting a notable growth of 19.9% from HKD 531,800,000 in the previous year[86]. - The revenue from the general contracting construction segment decreased to HKD 517,500,000, a decline of 25.5% from HKD 695,100,000 in the previous year[87]. - The property segment recorded revenue of HKD 85,900,000, a drastic decrease of 72.7% from HKD 373,400,000 in the previous year[88]. Financing and Investments - The group has unused loan facilities and offers amounting to approximately HKD 8,254,000,000 as of September 30, 2023[33]. - The company entered into a financing agreement for a syndicated loan of $250,000,000 with a maximum option of $250,000,000, with approximately $358,000,000 drawn down as of September 30, 2023[94]. - The company invested HKD 204,302,000 in property, plant, and equipment during the period, compared to HKD 321,410,000 in the previous year, a decrease of approximately 36.38%[57]. Governance and Compliance - The company has adhered to all applicable provisions of the Corporate Governance Code as of September 30, 2023, with deviations noted in sections A.2.1, A.4.2, and A.6.7[105]. - The board believes that the current structure, where the roles of Chairman and CEO are not separated, does not impair the balance of power and responsibility between the board and management[105]. - The audit committee, composed of four independent non-executive directors, reviewed the accounting principles and practices adopted by the group[108].
中国水务(00855) - 2024 - 中期财报