Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 308,729,000, a decrease of 4.3% compared to HKD 323,700,000 in the same period of 2022[3] - Gross profit for the same period was HKD 152,888,000, down 11.1% from HKD 172,052,000 year-on-year[3] - Operating profit decreased to HKD 144,563,000, a decline of 4.8% from HKD 151,475,000 in the previous year[3] - Profit attributable to equity holders for the period was HKD 744,189,000, representing a significant increase of 108.3% compared to HKD 356,856,000 in 2022[3] - Basic earnings per share rose to HKD 29.93, up from HKD 14.35, reflecting a growth of 108.3%[3] - The group reported a profit before tax of HKD 805,712,000 for the first half of 2023, with a net profit of HKD 744,184,000 after tax expenses[14] - The company recorded a profit of approximately HKD 744 million, representing a year-on-year increase of about 108.73%, translating to earnings per share of HKD 0.2993[39] Revenue Segments - The total revenue for the first half of 2023 was HKD 308,729,000, generated entirely from the crude oil terminal and storage services segment[14] - The segment profit from the crude oil terminal and storage services was HKD 137,513,000, while the share of profits from joint ventures amounted to HKD 438,209,000[14] - The crude oil terminal and storage services segment accounted for HKD 308,729,000 in revenue, while the ship leasing and transportation services segment reported no revenue[14] - Revenue from crude oil terminal services for the six months ended June 30, 2023, was HKD 238,067, a decrease of 7.4% from HKD 257,127 in the same period of 2022[24] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 15,831,847,000, compared to HKD 15,359,867,000 at the end of 2022[7] - Non-current assets totaled HKD 9,254,178,000, slightly down from HKD 9,275,004,000 at the end of 2022[6] - The total assets of the group as of June 30, 2023, were HKD 15,831,847,000, with total liabilities of HKD 725,870,000[15] - The total liabilities include HKD 376,159,000 in other payables and HKD 185,600,000 in deferred tax liabilities[15] - The accounts payable balance as of June 30, 2023, was HKD 700,070, an increase from HKD 536,086 as of December 31, 2022, reflecting a growth of 30.5%[33] Cash Flow and Financing - The company reported a net cash flow from operating activities of HKD 537,952,000 for the period[5] - The company’s cash and cash equivalents as of June 30, 2023, were HKD 750,745,000, with time deposits exceeding three months amounting to HKD 4,837,766,000[15] - The company’s financing income surged to approximately HKD 127.24 million, an increase of about 1,080.07% from HKD 10.78 million in the same period last year[46] Dividends and Shareholder Information - The interim dividend declared was HKD 248,616, up from HKD 198,893 in the previous year, indicating a growth of 24.9%[28] - The major shareholder, Sinopec Guande International Co., Ltd., holds 1.5 billion shares, representing 60.33% of the issued shares[63] Employee and Community Engagement - As of June 30, 2023, the group had 228 employees, an increase from 223 employees on June 30, 2022[60] - The company actively encourages employees to engage in community service, particularly supporting underprivileged children and families[72] - The company has initiated the "Beautiful You" program to provide academic support for low-income children and youth[72] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the six-month period ending June 30, 2023[65] - The audit committee has reviewed the unaudited interim financial report for the six months ending June 30, 2023[68] - The company has maintained sufficient public float as required by the listing rules[70] Strategic Focus and Future Plans - The company continues to focus on expanding its oil terminal and storage services, leveraging its joint ventures and partnerships in the logistics sector[10] - The company is exploring further investment opportunities in China Energy Transportation Investment Co., Ltd. with preliminary consensus reached among shareholders[37] - The company has no significant investments, acquisitions, or disposals planned as of June 30, 2023[55] Environmental and Social Responsibility - The company has been awarded the "Hong Kong Green Organization" honor for several consecutive years, along with energy-saving and waste-reduction certificates[71] - In the first half of 2023, the company organized employee participation in the global event "Earth Hour" and activities focused on coral restoration[71]
中石化冠德(00934) - 2023 - 中期业绩