鹰君(00041) - 2023 - 中期业绩

Financial Performance - Core business revenue increased by 22.3% to HKD 3,630 million compared to HKD 2,967 million in the previous year[3] - After-tax core profit attributable to equity holders surged by 116.3% to HKD 1,109.5 million from HKD 513.0 million[3] - Total revenue under statutory accounting standards rose by 24.2% to HKD 5,082.4 million from HKD 4,091.0 million[4] - Earnings per share for after-tax core profit reached HKD 1.48, up from HKD 0.70[3] - Total revenue for the first half of 2023 reached HKD 5,082.4 million, a 24.2% increase from HKD 4,091.0 million in 2022[12] - Net income attributable to equity holders was HKD 478.7 million, a significant increase of 286.4% from HKD 123.9 million in the prior year[14] - The company’s total comprehensive income for the period was HKD 373,877,000, a significant recovery from a loss of HKD 2,414,356,000 in the previous year[76] - The company reported a net profit attributable to shareholders for the six months was HKD 478,666,000, compared to HKD 123,864,000 in the previous year, reflecting a growth of 286.5%[75] Revenue Breakdown - Hotel segment revenue surged by 47.9% to HKD 2,970.4 million, compared to HKD 2,008.3 million in the previous year[12] - Total hotel revenue increased by 41.4% to HKD 2,250.2 million in the first half of 2023, compared to HKD 1,591.3 million in 2022[22] - Revenue from the mainland China hotel segment surged by 123.9% to HKD 204.6 million in the first half of 2023[22] - The property investment segment generated revenue of HKD 82,382, reflecting a stable performance[89] - The property development segment reported revenue of HKD 586,817, maintaining consistent growth[89] Cost and Expenses - Financial costs rose by 66.0% to HKD 579.8 million, compared to HKD 349.3 million in the previous year[13] - Employee costs, including director remuneration, amounted to HKD 1,388.8 million for the six months ended June 30, 2023, compared to HKD 1,100.8 million in 2022[69] - Administrative and other expenses totaled HKD 238,028, impacting the net profit margin[89] - The total interest expense for the period was HKD 663,773, compared to HKD 376,100 in the previous year, reflecting an increase of about 76.3%[92] Dividends and Shareholder Returns - The interim dividend per share was declared at HKD 0.37, compared to HKD 0.33 in the previous period[4] - Total cash dividends paid for the six months ended June 30, 2023, amounted to HKD 373,862,000, compared to HKD 98,926,000 for the same period in 2022, indicating a significant increase[97] Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 98,838 million, with total liabilities of HKD 33,719 million[10] - The group's equity attributable to shareholders was valued at HKD 56,945 million as of June 30, 2023, an increase of HKD 125 million from HKD 56,820 million as of December 31, 2022[53] - The company's total liabilities decreased to HKD 5,683,648,000 as of June 30, 2023, from HKD 6,719,586,000 as of December 31, 2022, showing a reduction of 15.4%[102] Market Outlook and Strategy - The group is cautiously optimistic about the long-term prospects of the Hong Kong residential market despite short-term volatility and rising operational costs[51] - The introduction of the mid-range hotel brand Ying'nFlo into the Greater China market is part of the group's strategy to meet growing demand[51] - The group anticipates that the recent economic stimulus measures in China will help boost domestic demand, benefiting Hong Kong as well[51] - The company plans to continue leveraging its investment properties and hotel assets for refinancing opportunities, ensuring sufficient working capital for operational needs[79] Operational Highlights - The company plans to expand its new mid-scale hotel brand Ying'nFlo into Hong Kong and mainland China, with a new hotel set to open in Q4 2023[15] - The average room rate at The Langham, Hong Kong rose by 24.3% to HKD 2,044 per night, with occupancy increasing to 84.5% from 70.6% year-on-year[36] - The average revenue per available room (RevPAR) for The Langham, Hong Kong increased by 48.9% to HKD 1,727[36] - The company provided hotel management services to 12 third-party hotels, totaling approximately 3,400 rooms as of the end of Q2 2023[28]