Financial Performance - For the six months ended December 31, 2023, total revenue reached HKD 941,434 thousand, a significant increase from HKD 108,933 thousand in the same period of 2022[10] - Gross profit for the same period was HKD 77,055 thousand, compared to HKD 5,202 thousand in the previous year, indicating a substantial improvement[10] - The net profit for the period was HKD 572,412 thousand, a turnaround from a loss of HKD 45,251 thousand in the prior year[12] - Basic and diluted earnings per share for the period were HKD 45.5, compared to a loss of HKD 3.3 per share in the same period last year[10] - The total comprehensive income for the period was HKD 627,860 thousand, compared to a loss of HKD 74,729 thousand in the previous year[12] - The company reported a total profit before tax loss of HKD (54,887,000) for the six months ended December 31, 2023, compared to a profit of HKD 102,324,000 in the previous period[34] - The company recognized a gain of HKD 214,274,000 from fair value changes of financial assets held for trading for the six months ended December 31, 2023, compared to HKD 54,447,000 in the same period of 2022[33] - The company reported a net foreign exchange gain of HKD 10,178,000 for the six months ended December 31, 2023, compared to a loss of HKD (30,025,000) in the same period of 2022[33] - The company reported a net profit attributable to shareholders of HKD 593,272,000 for the first half of the 2024 fiscal year, compared to a net loss of HKD 43,424,000 in the same period last year[108] Assets and Liabilities - Non-current assets as of December 31, 2023, amounted to HKD 2,041,542 thousand, slightly up from HKD 2,025,899 thousand as of June 30, 2023[13] - Current assets increased to HKD 2,456,401 thousand from HKD 1,876,291 thousand, reflecting a strong liquidity position[13] - As of December 31, 2023, total equity attributable to owners of the company increased to HKD 4,063,241, compared to HKD 3,545,239 as of June 30, 2023, reflecting a growth of approximately 14.6%[20] - Cumulative profits rose to HKD 2,489,872 from HKD 2,026,849, marking an increase of about 22.9%[20] - Non-current liabilities decreased from HKD 1,514 to HKD 589, indicating a reduction of approximately 61.1%[20] - Current liabilities increased to HKD 415,044 from HKD 316,902, representing a rise of about 31.0%[20] - The total assets less total liabilities amounted to HKD 4,082,899, up from HKD 3,585,288, which is an increase of approximately 13.9%[20] - The net value of current assets reached HKD 2,055,950, compared to HKD 1,569,339, reflecting a growth of about 30.9%[20] - Trade and other payables rose significantly from HKD 103,439 to HKD 201,967, an increase of approximately 94.9%[20] - Bank and other loans decreased from HKD 183,240 to HKD 88,000, a decline of about 52.0%[20] - Deferred tax liabilities increased from HKD 523 to HKD 5,815, indicating a rise of approximately 1005.5%[20] Segment Performance - The company has identified three reportable segments: Merchandise Trading, Resource Investment, and Major Investments and Financial Services, which are monitored for performance and resource allocation[5] - The segment performance showed a total profit before tax of HKD 591,908,000, compared to a loss of HKD 43,424,000 in the previous year[48] - The major investment and financial services segment generated a profit of HKD 35,856,000, a significant improvement from a loss of HKD 15,957,000 in the previous year[103] - In the first half of the 2024 fiscal year, resource investments recorded a fair value gain of HKD 214,274,000, compared to HKD 54,447,000 in the same period of the previous fiscal year, resulting in a segment profit of HKD 237,951,000[122] Investment Strategy and Market Outlook - The company plans to continue expanding its market presence and exploring new investment opportunities in the energy and natural resources sectors[5] - The board believes that equity investment performance will depend on market sentiment, influenced by commodity prices, interest rate changes, geopolitical conditions, and macroeconomic performance[174] - The group will regularly review its investment strategy and take appropriate measures to respond to market changes[174] - The group is adopting a cautious investment approach while seeking quality investment opportunities that can generate substantial long-term returns[167] Dividends - The company declared an interim dividend of HKD 0.10 per share, consistent with the previous year[46] - The company has not recommended any dividend for the six months ending December 31, 2023, compared to no dividend for the same period in 2022[168] - The interim dividend declared for the period ending June 30, 2023, is HKD 0.10 per share, totaling approximately HKD 130,249,000, with cash payment of about HKD 80,039,000 and issuance of 54,151,441 shares for shareholders opting for scrip dividend[168] Risk Management - The group has established a comprehensive risk management framework to address various financial and operational risks[146] - The group is closely monitoring foreign exchange risks related to its long-term investments, particularly as its assets are primarily denominated in AUD while liabilities are in USD and HKD[158] Compliance and Accounting - The company has not applied any new standards or interpretations that have not yet come into effect during the reporting period, ensuring compliance with existing accounting policies[22] - The audit committee has reviewed the group's accounting policies and practices, discussing internal controls and financial reporting matters for the six months ending December 31, 2023[179]
亚太资源(01104) - 2024 - 中期业绩