香格里拉(亚洲)(00069) - 2023 - 中期财报

Financial Performance - For the six months ended June 30, 2023, the company reported a profit attributable to owners of $131.4 million, a significant improvement of $289.6 million compared to a loss of $158.2 million in the same period last year[6]. - Total revenue for the same period was $1,006 million, representing a 60.3% increase from $627.5 million in the prior year, driven by a strong recovery in hotel operations, particularly in Hong Kong and mainland China[7]. - The company's earnings before interest, tax, depreciation, and amortization (EBITDA) was $266 million, up 365.0% from $57.2 million in the previous year, reflecting robust operational performance[8]. - The actual attributable EBITDA from subsidiaries and associates was $396.5 million, an increase of 134.3% from $169.2 million year-on-year, primarily due to the recovery in hotel business[9]. - Revenue for the six months ended June 30, 2023, reached $1,005,976, a significant increase of 60% compared to $627,454 for the same period in 2022[15]. - Gross profit for the same period was $566,280, up from $303,745, reflecting a gross margin improvement[15]. - Operating profit for the first half of 2023 was $141,603, a turnaround from an operating loss of $20,645 in the prior year[15]. - Net profit for the period was $142,464, compared to a net loss of $186,518 in the same period last year[15]. - Earnings per share (EPS) for the company attributable to shareholders was $3.688, recovering from a loss per share of $4.429 in the previous year[15]. - The company reported a total of $276.8 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the six months ended June 30, 2023[117]. Assets and Liabilities - As of June 30, 2023, total assets amounted to $12,472,816 thousand, a decrease from $12,633,506 thousand as of December 31, 2022, representing a decline of approximately 1.27%[13]. - Non-current assets decreased from $11,395,852 thousand to $11,166,287 thousand, reflecting a reduction of about 2.01%[13]. - Current assets increased from $1,237,654 thousand to $1,306,529 thousand, showing an increase of approximately 5.57%[13]. - Total liabilities decreased slightly from $7,208,991 thousand to $7,167,602 thousand, a reduction of about 0.57%[14]. - Non-current liabilities increased from $5,482,123 thousand to $5,743,475 thousand, indicating an increase of approximately 4.76%[14]. - Current liabilities decreased from $1,726,868 thousand to $1,424,127 thousand, reflecting a decline of about 17.54%[14]. - The company's equity attributable to owners decreased from $5,254,041 thousand to $5,129,636 thousand, a decrease of approximately 2.37%[13]. - Cash and cash equivalents decreased from $753,002 thousand to $705,511 thousand, representing a decline of about 6.31%[13]. - The company reported a net cash flow from operating activities of $42,283,000 for the six months ended June 30, 2023, compared to a net cash outflow of $135,591,000 in the same period of 2022[20]. - The company’s total liabilities decreased to $1.2 billion as of June 30, 2023, from $1.3 billion at the end of 2022, reflecting effective debt management strategies[41]. Market and Operational Strategies - The company continues to focus on market expansion and recovery strategies in response to the rebound in international travel and tourism activities[9]. - The company is focusing on market expansion and new product development to drive future growth[15]. - The group plans to enhance its market expansion strategies and continue investing in new technologies and product development[27]. - The company aims to maintain a flexible approach to capitalize on opportunities while managing costs and financial health amid market changes[141]. - The group anticipates continued growth in global travel demand, which is expected to positively impact future performance[112]. Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[6]. - The company has issued and fully paid capital of 3,585,525 shares, with a total amount of $3,201,995,000[44]. - The company purchased 8,594,000 shares under the share award plan during the six months ended June 30, 2023, with 5,132,000 shares transferred to award recipients[45]. - The company has not granted new shares to eligible award recipients during the six months ended June 30, 2023[49]. - The company’s major shareholders include Caninco Investments Limited with 568,568,684 shares (15.857%) and Paruni Limited with 382,904,547 shares (10.679%)[146]. Foreign Exchange and Financing - The company benefited from an exceptional foreign exchange gain of $42.3 million due to the appreciation of the Sri Lankan Rupee during the period[9]. - The company reported a net financing cost of $131,973, an increase from $100,903 in the prior year, indicating higher interest expenses[15]. - The company experienced a foreign exchange gain of $50,264, contrasting with a loss of $115,341 in the same period last year[15]. - The company’s net loss from foreign exchange was $(50,264,000) for the six months ended June 30, 2023, compared to a gain of $115,341,000 in 2022[68]. - The company has committed and available bank loan facilities of $933,209,000 to meet future funding needs[22]. Hotel Operations - Room revenue reached $486,282,000, up 98% from $244,756,000 year-on-year[28]. - Food and beverage sales increased to $367,179,000, representing a 60% growth compared to $230,156,000 in the previous year[28]. - The group reported a net profit of $64,600,000 for the six months ended June 30, 2023, compared to a loss of $105,000,000 in the same period of 2022[33]. - The group operates in four main segments, including hotel properties, hotel management services, investment properties, and development properties[30]. - The group has reported a significant increase in operational performance across various regions, including China, Singapore, and Malaysia[33]. Employee and Governance - The group’s executive directors received total compensation of $1,049,000 for the six months ended June 30, 2023, compared to $1,121,000 in the same period of 2022[86]. - The company has complied with corporate governance codes during the relevant six-month period[143]. - The company’s board members have confirmed compliance with the securities trading guidelines during the relevant six-month period[143]. Development Projects - The company is developing several hotel projects, including the JEN Hotel in Kunming with 274 rooms expected to open in 2024[134]. - The total floor area for the Shenyang Kerry Center (Phase 3) is approximately 256,567 square meters, with a 25% equity interest and expected completion in 2024[135]. - The company is reviewing development plans for hotel projects in Rome, Yangon, and Bangkok, indicating potential market expansion[136].