港通控股(00032) - 2023 - 中期业绩

Financial Performance - The group recorded a profit attributable to shareholders of HKD 422.7 million for the six months ended June 30, 2023, compared to a loss of HKD 192.2 million for the same period in 2022[4]. - Earnings per share for the period were HKD 1.13, a significant improvement from a loss per share of HKD 0.52 in the previous year[4]. - Total comprehensive income for the period was HKD 457.9 million, compared to a loss of HKD 189.1 million in the previous year[9]. - The group reported a significant reduction in financial management losses, with net profit from financial management activities reaching HKD 117.0 million, compared to a loss of HKD 375.6 million in the previous year[4]. - The operating profit before tax for the reportable segments was HKD 510,275,000, compared to a loss of HKD 118,521,000 in the previous year[23]. - The group recorded a net profit attributable to shareholders of HKD 422,658,000 for the six months ended June 30, 2023, compared to a loss of HKD 192,206,000 in the same period of 2022[27]. Revenue Growth - Revenue from customer contracts under HKFRS 15 was HKD 324.2 million, up from HKD 243.6 million in the prior year, representing a growth of approximately 33%[7]. - The total revenue for the six months ended June 30, 2023, was HKD 412,205,000, an increase from HKD 303,508,000 in the same period of 2022, representing a growth of approximately 35.8%[18]. - Revenue from driving school courses amounted to HKD 320,574,000, up from HKD 240,248,000, reflecting a growth of about 33.4% year-on-year[18]. - In the first half of 2023, the group's operating income from driving schools increased significantly by 33.4% compared to the same period last year, driven by higher demand for non-motorcycle driving training courses and an increase in average class fees[38]. - The group's total revenue for the first half of 2023 was HKD 412.2 million, a 35.8% increase from HKD 303.5 million in the same period last year, primarily due to increased income from driving schools[42]. Assets and Liabilities - The group's total assets less current liabilities increased to HKD 7.63 billion as of June 30, 2023, compared to HKD 7.06 billion at the end of 2022[11]. - Non-current assets amounted to HKD 4.64 billion, up from HKD 4.07 billion at the end of 2022, indicating a growth of approximately 14%[10]. - The net asset value attributable to equity shareholders increased to HKD 7.17 billion, compared to HKD 6.86 billion at the end of 2022[11]. - The total liabilities decreased to HKD 26,174,000 from HKD 28,547,000 year-over-year[23]. - The total current financial assets, after deducting loss provisions, were HKD 1,175,484,000 as of June 30, 2023, compared to HKD 1,098,568,000 at the end of 2022[31]. Dividends - The company declared an interim dividend of HKD 0.06 per share for the first quarter, totaling approximately HKD 22.4 million, with a similar dividend planned for the second quarter[5]. - The company declared an interim dividend of HKD 0.06 per share for both the first and second quarters, totaling HKD 44,722,000 for the first half of 2023, consistent with the previous year[28]. - The company approved and distributed a final dividend of HKD 0.24 per share for the last fiscal year, amounting to HKD 89,445,000, unchanged from the previous year[29]. Financial Management - The interest income from debt securities measured at fair value through profit or loss was HKD 13,818,000, significantly up from HKD 1,170,000 in the previous year[18]. - The interest income from bank deposits increased significantly to HKD 47,785,000 from HKD 3,182,000, marking a substantial rise[18]. - The total income from financial operations and others was HKD 22,808,000, down from HKD 27,959,000, indicating a decrease of approximately 18.5%[18]. - The financial management segment generated dividend income of HKD 21,857,000, down from HKD 26,808,000 in the previous year[21]. - Interest income increased significantly to HKD 65,173,000 for the six months ended June 30, 2023, compared to HKD 31,951,000 in the same period of 2022[21]. Investments - The group’s investment portfolio value slightly increased to HKD 4,835.5 million as of June 30, 2023, from 87 investments at the end of 2022 to 92 investments[41]. - New financial assets added during the period amounted to HKD 561.1 million, including investments in non-listed funds of HKD 235.5 million and treasury bills of HKD 207.2 million[50]. - The total investment in listed and non-listed equity securities was HKD 1,242.5 million, a marginal increase from HKD 1,234.0 million as of December 31, 2022[47]. - The group held a total of 51 non-listed funds with a fair value of HKD 2,703.9 million, representing 32.1% of total assets as of June 30, 2023[52]. - The fair value gain on financial assets measured at fair value through profit or loss was HKD 73.5 million, compared to a loss of HKD 394.9 million in the same period last year[43]. Market and Operations - The average daily traffic volume for the West Tunnel increased by 40.7% to 62,677 vehicles in the first half of 2023, up from 44,531 vehicles in the same period last year[40]. - The market share of the West Tunnel increased from approximately 20.9% in the previous year to about 25.5% in the first half of 2023[40]. - The company plans to continue expanding its operations in the electronic toll collection and smart city services sectors[21]. - The group anticipates continued strong local demand and inbound tourism in the second half of 2023, supported by government initiatives such as consumption vouchers and various promotional activities[37]. Compliance and Governance - The group has complied with the Corporate Governance Code, with minor deviations noted regarding the formal appointment of directors[56]. - The company is currently assessing the impact of new accounting guidelines on its financial policies, but the effects have not yet been fully estimated[16]. - The company has not applied any new standards or interpretations that have not yet come into effect during the reporting period[14].