Financial Performance - The company reported a loss attributable to equity holders of the parent of HKD (1,349,829) thousand for the six months ended June 30, 2023, compared to a profit of HKD 240,935 thousand in the same period of 2022[3]. - Total revenue for the six months ended June 30, 2023, was HKD 239,682 thousand, a decrease from HKD 262,579 thousand in the same period of 2022, representing a decline of approximately 8.5%[2]. - The gross profit margin for the period was significantly impacted, with a gross loss reported[2]. - The adjusted loss before tax for the group was HKD 1,320,457 thousand, compared to a profit of HKD 256,024 thousand for the same period in 2022, reflecting a substantial decline in overall profitability[11]. - The property development and investment segment reported a loss of HKD 920,009 thousand, compared to a profit of HKD 615,538 thousand in the previous year, indicating a significant downturn in performance[11]. - The financial investment segment recorded a loss of HKD 62,745 thousand, a deterioration from a profit of HKD 137,573 thousand in the same period last year[11]. - Total tax expenses for the current period amounted to HKD 29,372 thousand, significantly higher than HKD 15,089 thousand in the previous period[16]. Assets and Liabilities - The company's non-current assets totaled HKD 22,406,584 thousand as of June 30, 2023, down from HKD 22,814,453 thousand as of December 31, 2022, indicating a decrease of about 1.8%[6]. - Current assets increased to HKD 3,523,191 thousand as of June 30, 2023, compared to HKD 3,382,576 thousand at the end of 2022, reflecting an increase of approximately 4.2%[6]. - The total liabilities increased to HKD 10,600,844 thousand as of June 30, 2023, from HKD 10,560,297 thousand at the end of 2022, representing a slight increase of approximately 0.4%[6]. - The net debt increased to HKD 9 billion as of June 30, 2023, up from HKD 8.8 billion on December 31, 2022, resulting in a net asset leverage ratio of 62.8%[48]. - Total debt amounted to HKD 11.1 billion as of June 30, 2023, compared to HKD 10.7 billion on December 31, 2022, with a debt-to-total-assets ratio of 43%[48]. - Shareholders' equity decreased to HKD 14.3 billion as of June 30, 2023, from HKD 14.9 billion on December 31, 2022, with a net asset value per share of HKD 3.68[49]. Cash Flow and Investments - The company reported a net cash position of HKD 2,007,962 thousand as of June 30, 2023, compared to HKD 1,745,403 thousand at the end of 2022, showing an increase of about 15%[6]. - The company invested HKD 152,000 thousand in property and equipment during the six months ended June 30, 2023, compared to HKD 44,965,000 thousand in the same period of 2022[20]. - The company maintains a diversified investment portfolio valued at HKD 1,155.8 million as of June 30, 2023, down from HKD 1,199.4 million at the end of 2022[46]. - The group recognized a fair value loss on investment properties amounting to HKD 1,381,483 thousand for the six months ended June 30, 2023, compared to a loss of HKD 2,144 thousand in the same period of 2022[13]. - Interest income from bank deposits was HKD 29,263 thousand for the six months ended June 30, 2023, a significant increase from HKD 2,240 thousand in the previous year[12]. Market and Strategic Outlook - The company continues to explore new strategies for market expansion and product development, although specific details were not disclosed in the financial report[7]. - The economic rebound in Hong Kong and mainland China remains slow, influenced by geopolitical tensions and rising global inflation[26]. - The group has adopted strategic hedging policies to manage foreign exchange, interest rate, and liquidity risks[52]. - The group continues to monitor its operational segments closely to make informed decisions regarding resource allocation and performance evaluation[10]. Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.02 per ordinary share, totaling HKD 77,647,000, for the year ended December 31, 2022, which was paid on June 7, 2023[17]. - The company did not declare any interim dividend for the six months ended June 30, 2023[24]. Employment and Operational Costs - The group employed a total of 116 staff across its main operations in Hong Kong, China, and the UK, with a salary cost of approximately HKD 52 million during the review period[53].
中渝置地(01224) - 2023 - 中期业绩