Financial Performance - For the first half of 2023, the group reported a net profit attributable to shareholders of RMB 377.4 million, an increase of 3.1% compared to the same period last year[8]. - Total revenue for the first half of 2023 increased by 9.0% to RMB 4.0188 billion, driven by higher service concession operation maintenance income and construction revenue from ongoing projects[8]. - Gross profit rose by 15.5% to RMB 1.4377 billion, primarily due to new service concession arrangements[8]. - The group achieved a pre-tax profit of RMB 476.4 million, reflecting a 29.6% increase year-on-year[11]. - Basic earnings per share for the first half of 2023 were RMB 8.83, representing a 19.6% increase from RMB 7.38 in the same period last year[11]. - The total comprehensive income for the first half of 2023 was RMB 148.9 million, an increase of 11.7% compared to RMB 133.3 million in the previous year[11]. - The group reported a net profit after tax of RMB 593,632,000 for the six months ended June 30, 2023, compared to RMB 547,780,000 for the same period in 2022, indicating an increase of approximately 8.3%[34]. - The group reported a profit of RMB 5,920,175 thousand for the period, with total equity amounting to RMB 15,075,046 thousand as of March 31, 2023[17]. Cash Flow and Liquidity - As of June 30, 2023, the group's cash and cash equivalents stood at RMB 2.2 billion, indicating a healthy liquidity position[8]. - The group's cash flow from operating activities remains strong, supporting ongoing and future projects[8]. - The net cash generated from operating activities for the six months ended June 30, 2023, was RMB 929,789 thousand, compared to RMB 66,063 thousand for the same period in 2022[15]. - The group's cash and cash equivalents at the end of the reporting period were RMB 2.20 billion, down from RMB 2.51 billion as of December 31, 2022; net cash inflow from operating activities for the first half of 2023 was RMB 929.8 million[80]. Assets and Liabilities - As of June 30, 2023, the total current assets amounted to RMB 8,537,897 thousand, an increase from RMB 8,325,150 thousand as of December 31, 2022, reflecting a growth of approximately 2.55%[12]. - The total non-current assets reached RMB 33,082,954 thousand, up from RMB 32,220,065 thousand, indicating an increase of about 2.68%[12]. - The total assets of the company stood at RMB 41,620,851 thousand, compared to RMB 40,545,215 thousand at the end of 2022, representing a growth of approximately 2.65%[13]. - Current liabilities totaled RMB 9,150,527 thousand, an increase from RMB 7,887,162 thousand, marking a rise of about 16.04%[13]. - Non-current liabilities decreased slightly to RMB 17,367,163 thousand from RMB 17,843,481 thousand, showing a decline of approximately 2.66%[13]. - The total liabilities for the group as of June 30, 2023, were RMB 26,517,690,000, with the water and sludge treatment segment accounting for RMB 11,005,306,000[35]. Equity and Retained Earnings - The total equity of the company was RMB 15,103,161 thousand, up from RMB 14,814,572 thousand, reflecting an increase of about 1.95%[13]. - The company's retained earnings rose to RMB 3,902,397 thousand from RMB 3,682,917 thousand, reflecting an increase of approximately 5.95%[13]. - As of June 30, 2023, the group's total equity was RMB 15,103,161 thousand, reflecting a decrease in non-controlling interests by RMB 200,315 thousand[19]. - The group declared dividends amounting to RMB 132,902 thousand to equity shareholders during the period[21]. Financial Risks and Management - The group continues to face financial risks including foreign currency risk, interest rate risk, liquidity risk, and credit risk, with no changes to risk management policies since year-end[30]. - Management assessed the goodwill for impairment as of June 30, 2023, and determined that no impairment provision was necessary[29]. Operational Highlights - The company continues to explore new service concession opportunities and expand its market presence in the environmental sector[8]. - The group is actively responding to national strategies and policies, focusing on opportunities in the green industry, particularly in the Yangtze River Economic Belt and the Guangdong-Hong Kong-Macao Greater Bay Area[82]. - The group completed the grid connection of two wet waste biogas power generation units at the Baoshan Renewable Energy Utilization Center, which is expected to significantly improve waste treatment efficiency in the service area[83]. Dividends and Share Capital - The group announced an interim cash dividend of SGD 0.005 per share, with a tax rate of zero percent[85]. - The interim dividend will be paid on September 28, 2023, to shareholders recorded as of September 1, 2023[87]. - The company declared a final dividend of SGD 0.01 per ordinary share for the fiscal year 2022, which was approved on April 28, 2023, and paid on May 31, 2023[49].
上海实业环境(00807) - 2023 - 中期业绩