载通(00062) - 2023 - 中期业绩

Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million or 25.7% compared to HKD 106.4 million for the same period in 2022[2]. - The revenue for the six months ended June 30, 2023, was HKD 3,805.4 million, up from HKD 2,946.7 million in the same period of 2022, representing a growth of 29%[3]. - The operating profit for the period was HKD 34.1 million, a significant improvement from an operating loss of HKD 170.1 million in the previous year[3]. - The basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 0.28, compared to HKD 0.23 for the same period in 2022[3]. - The interim dividend declared for the six months ended June 30, 2023, was HKD 0.30 per share, compared to no dividend declared for the same period in 2022[2]. - The company reported a pre-tax profit of HKD 2,084.3 million for the six months ended June 30, 2023, compared to HKD 1,973.2 million for the same period in 2022[17]. - The company's profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million compared to HKD 106.4 million for the same period in 2022, representing a growth of approximately 25.7%[29]. - Basic earnings per share for the six months ended June 30, 2023, was HKD 0.28, compared to HKD 0.23 for the same period in 2022, reflecting an increase of 21.7%[29]. Asset and Liability Management - The group's non-current assets totaled HKD 20,633.5 million as of June 30, 2023, compared to HKD 20,358.7 million as of December 31, 2022[5]. - The net current assets increased to HKD 380.7 million from HKD 233.9 million, indicating improved liquidity[5]. - The total assets less current liabilities amounted to HKD 21,014.2 million, up from HKD 20,592.6 million in the previous year[5]. - Total assets as of June 30, 2023, were HKD 20,911.5 million, while total liabilities were HKD 8,168.4 million[13]. - The company's total liabilities as of June 30, 2023, increased by 5.8% from HKD 7,722.2 million at the end of 2022[13]. - The net debt of the group as of June 30, 2023, is HKD 28.626 billion, up from HKD 27.251 billion on December 31, 2022[42]. - The unencumbered bank loans amount to HKD 50.078 billion as of June 30, 2023, compared to HKD 49.676 billion on December 31, 2022[43]. - As of June 30, 2023, the group's unused bank credit totaled HKD 15.8 billion, an increase from HKD 6.2 billion as of December 31, 2022[44]. Operational Costs and Employee Expenses - Employee costs increased to HKD 2,084.3 million from HKD 1,973.2 million, reflecting a rise in operational expenses[3]. - Total employee compensation for the six months ended June 30, 2023, was HKD 2.002 billion, compared to HKD 1.873 billion for the same period in 2022, accounting for approximately 52% of total operating costs[49]. - Financing costs increased to HKD 84.9 million for the six months ended June 30, 2023, compared to HKD 19.3 million in the previous year[18]. - Financing costs for the six months ended June 30, 2023, were HKD 49.1 million, up from HKD 9 million for the same period in 2022, reflecting an increase in average bank loans and interest rates rising from 0.89% to 3.26%[45]. Revenue Streams - Public bus service fare revenue reached HKD 3,494.8 million, up 29% from HKD 2,711.3 million in the previous year[15]. - For the six months ended June 30, 2023, fare revenue was HKD 3.2542 billion, an increase of HKD 681.9 million or 26.5% compared to HKD 2.5723 billion in the same period of 2022, primarily due to a rebound in passenger volume[31]. - The company recorded other income of HKD 98.2 million for the six months ended June 30, 2023, down from HKD 359.6 million in the same period of 2022[16]. Investment and Fair Value Changes - The fair value change of investment properties and properties under development for the six months ended June 30, 2023, was HKD 140.1 million[9]. - The fair value of The Millennity as of June 30, 2023, is HKD 65.25 billion, with HKD 39 billion classified as investment properties and HKD 26.25 billion as development properties[36]. - The fair value of the commercial building owned by LCK Real Estate Limited is HKD 9.18 billion as of June 30, 2023, slightly down from HKD 9.213 billion on December 31, 2022[37]. - The fair value of the "Man Fang" shopping mall owned by LCK Commercial Properties Limited is HKD 4.455 billion as of June 30, 2023, compared to HKD 4.445 billion on December 31, 2022[37]. - The property holding and development segment reported a post-tax profit of HKD 158.9 million, a decrease of HKD 68.6 million or 30.2% from HKD 227.5 million in the same period of 2022, mainly due to reduced fair value gains from investment properties[35]. Strategic Initiatives and Future Outlook - The company plans to continue its market expansion and product development strategies to enhance its competitive position in the industry[29]. - The group expects passenger numbers to gradually return to pre-pandemic levels due to the reopening of borders and increased travel activity[50]. - The group has received government approval to increase bus fares starting June 18, 2023, which is expected to alleviate financial pressures[50]. - The company plans to increase its fleet of electric buses to over 80 units by the end of 2023, aiming for 12.5% of the fleet to be electrified by 2025[51]. - The company is focusing on developing recurring income sources through the redevelopment of properties, including leasing office and retail spaces[51]. - The company is collaborating with Shenzhen Bus Group to enhance cross-border transport services in response to the growing demand from the Greater Bay Area[51]. Compliance and Governance - The company has adhered to corporate governance codes and regulations during the reporting period[54]. - The interim financial report for the six months ending June 30, 2023, has been reviewed by independent auditors and is available on the company's website[55].