Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 15,080 million, with a profit attributable to equity holders of HKD 3,903 million[2]. - Basic and diluted earnings per share were HKD 1.132, compared to HKD 1.853 in the previous period[8]. - Revenue for the six months ended June 30, 2023, was HKD 15,079,851 thousand, an increase from HKD 13,170,426 thousand in 2022, representing a growth of approximately 14%[9]. - Gross profit for the same period was HKD 5,377,235 thousand, up from HKD 3,064,428 thousand, indicating a significant increase of about 75%[9]. - The net profit for the period was HKD 4,475,232 thousand, a decrease from HKD 6,301,440 thousand in the previous year, reflecting a decline of approximately 29%[11]. - The company reported a net profit of HKD 4,475,232 thousand for the same period, reflecting a significant increase[20]. - The total tax expense for the six months ended June 30, 2023, was HKD 1,712,613, compared to HKD 2,381,645 in the previous year[31]. - The group reported a profit attributable to equity holders of HKD 3,902,818 for the six months ended June 30, 2023, down from HKD 6,389,859 in the same period of 2022[34]. Sales and Contracted Sales - Contracted sales for the first half of 2023 reached RMB 16,062 million, a slight decrease from RMB 16,860 million in the same period last year[3]. - For the first half of 2023, the company recorded a revenue of RMB 13,687 million (HKD 15,080 million), representing a 24.2% increase compared to RMB 11,016 million (HKD 13,170 million) in the same period of 2022[48]. - The average selling price of delivered properties increased by 27.0% to RMB 18,479 per square meter in the first half of 2023, compared to RMB 14,551 per square meter in the same period of 2022[48]. - Property development revenue for the six months ended June 30, 2023, was HKD 11,320,244, an increase of 22% from HKD 9,282,267 in the same period of 2022[26]. - Commercial real estate investment revenue rose to HKD 2,089,117, up 6% from HKD 1,965,504 year-on-year[26]. - Infrastructure revenue decreased significantly to HKD 879,260, down 61% from HKD 2,254,844 in the previous year[26]. Assets and Liabilities - Total assets as of June 30, 2023, were HKD 295,832,592 thousand, slightly down from HKD 298,714,401 thousand at the end of 2022[13]. - The company’s total liabilities decreased to HKD 196,660,203 thousand from HKD 200,336,235 thousand, a reduction of about 1.3%[13]. - The total assets and liabilities of the company as of June 30, 2023, were HKD 295,832 million and HKD 196,660 million, respectively, representing a decrease of 1% and 2% from December 31, 2022[58]. - The company's cash and bank balances reached HKD 18,997 million as of June 30, 2023, compared to HKD 18,394 million at the end of 2022[59]. - The debt-to-asset ratio remained stable at 67% as of June 30, 2023, unchanged from December 31, 2022[59]. Financial Management and Strategy - The company maintains a prudent financial management strategy, ensuring safety and liquidity of funds while focusing on asset appreciation and financial stability[3]. - The group plans to continue its long-term strategy, enhancing profitability while adapting to market dynamics and seizing recovery opportunities[5]. - The company plans to expand its market presence and invest in new technologies to drive future growth[20]. Segment Performance - The company operates five reportable segments: property development, commercial real estate investment, property management, infrastructure, and investment in high-tech and medical sciences[18]. - The company’s segments are further divided geographically into South China, North China, and East China, focusing on major cities like Guangzhou, Beijing, and Shanghai[18]. - The revenue from the North China segment was HKD 6,379,752 thousand, which represents a 39,989 thousand increase compared to the previous period[20]. - The South China segment generated revenue of HKD 1,251,181 thousand, with a notable increase in performance[20]. Shareholder Information - The company announced a bonus share issue of one new share for every ten existing shares held[2]. - The board of directors did not recommend an interim dividend for the six months ended June 30, 2023, compared to zero HKD for the same period in 2022[36]. - The company proposed a bonus share distribution of one new share for every ten existing shares, pending shareholder approval[47]. Compliance and Governance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective January 1, 2023, with no significant impact on interim financial data but expected effects on annual financial statements[16]. - The company has adopted the standard code for securities transactions by directors, confirming compliance for the six months ended June 30, 2023[66]. - The company maintained compliance with the corporate governance code, except for the absence of the chairman at the annual general meeting[67]. - The company confirms that its public float during the review period meets the regulatory requirements[73]. - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[73].
合生创展集团(00754) - 2023 - 中期业绩