东方海外国际(00316) - 2024 - 中期业绩

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of $4,645.576 million, an increase from$4,540.681 million in the same period of 2023, representing a growth of approximately 2.3%[3] - The gross profit for the period was $914.254 million, compared to$902.802 million in 2023, indicating a slight increase of about 1.6%[3] - The operating profit decreased significantly to $834.915 million from$1,134.299 million, reflecting a decline of approximately 26.4% year-over-year[3] - The net profit for the period was $834.055 million, down from$1,129.397 million in the previous year, marking a decrease of around 26.2%[4] - Basic and diluted earnings per share were $1.26, compared to$1.71 in the same period last year, a decline of approximately 26.3%[3] - The company reported a total comprehensive income of $832,639 for the six months ended June 30, 2024, compared to a loss of$1,110,293 in the same period of 2023[7] - The group’s net profit for the first half of 2024 was $857,634 thousand, a decrease from$1,130,768 thousand in the same period of 2023, representing a decline of 24.1%[23][24] - The group recorded a shareholder profit of $833.3 million for the first half of 2024, down from$1.129 billion in the same period of 2023, representing a decrease of approximately 26.3%[54] Assets and Liabilities - Total assets as of June 30, 2024, were $16,157.889 million, an increase from$15,609.185 million at the end of 2023, representing a growth of about 3.5%[5] - The company's total equity increased to $11,923.488 million from$11,210.363 million, reflecting an increase of approximately 6.4%[5] - Non-current assets rose to $8,420.987 million from$7,918.845 million, indicating an increase of about 6.3%[5] - The company reported a total liability of $4,234.401 million, a decrease from$4,398.822 million, representing a reduction of approximately 3.7%[5] - The total assets of the company as of June 30, 2024, amounted to $8,220.072 million, compared to$7,533.629 million as of June 30, 2023, representing an increase of approximately 9.2%[36] - The company’s total liabilities decreased to $3,366.439 million as of June 30, 2024, from$3,471.328 million at the end of 2023, showing a reduction of about 3.0%[41] - As of June 30, 2024, the total lease liabilities amount to $1,307.396 million, a decrease from$1,438.238 million as of December 31, 2023, reflecting a reduction of approximately 9.1%[42] Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2024, was $1,001,597, compared to$609,152 for the same period in 2023, representing a 64.3% increase[6] - Net cash generated from operating activities was $958,727 for the first half of 2024, up from$548,319 in 2023, indicating a 74.5% growth[6] - Cash and cash equivalents at the end of the period were $2,648,979, a decrease from$3,726,456 in the previous year, reflecting a 29% decline[6] - Cash used in financing activities was $(480,925) for the first half of 2024, significantly improved from$(3,465,017) in 2023[6] - The company received interest income of $193,300 in the first half of 2024, down from$286,308 in the same period of 2023, a decrease of 32.5%[6] - The company paid dividends of $(119,528) to shareholders during the first half of 2024, compared to$(3,011,302) in the same period of 2023, indicating a significant reduction in dividend payouts[6] Operational Highlights - The company is focusing on expanding its market presence and enhancing its operational efficiency through strategic initiatives and potential acquisitions[2] - The company completed the construction and delivery of five vessels in 2024, compared to two vessels in 2023, indicating an expansion in operational capacity[36] - The company’s vessels are currently sailing at full capacity on major long-haul routes, with expectations to maintain this status in the coming weeks[58] - The company plans to continue developing its fleet and exploring new business growth points using advanced smart and environmentally friendly technologies[58] Market and Economic Conditions - The company anticipates that high inflation and interest rates will adversely affect U.S. economic growth and demand/imports in the near term[42] - The group faced supply chain challenges due to geopolitical tensions and adverse weather conditions, impacting operational capacity and leading to increased shipping rates[54] - The company is maintaining a cautious approach due to market uncertainties, including geopolitical risks and supply chain vulnerabilities highlighted by recent events[58] Governance and Compliance - The company has adhered to corporate governance principles and has conducted regular reviews to ensure transparency and accountability[62] - The company has adopted a set of self-regulatory guidelines for directors' securities trading, ensuring compliance with the standards set forth in the Listing Rules[64] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[67] - The company has confirmed that all directors have complied with the established guidelines from January 1, 2024, to June 30, 2024[64] Employee and Social Responsibility - As of June 30, 2024, the company employed 11,444 full-time employees globally, maintaining competitive salary and benefits levels[66] - The company emphasizes ongoing employee training and social activities to encourage continuous learning and engagement among staff[66] - The company is committed to regularly reviewing employee compensation and distributing bonuses based on performance[66]