长和(00001) - 2024 - 中期财报

Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 232,644 million, representing a 4% increase from HKD 223,867 million in the same period last year[12]. - EBITDA for the same period was HKD 63,422 million, up 4% from HKD 61,151 million[12]. - EBIT increased by 5% to HKD 30,955 million compared to HKD 29,613 million in the previous year[12]. - The company reported a net profit attributable to ordinary shareholders of HKD 10,205 million, down 9% from HKD 11,208 million[12]. - The reported profit attributable to shareholders was HKD 10,205 million, down 9% from HKD 11,208 million in 2023[16]. - The profit attributable to ordinary shareholders for the first half of 2024 was HKD 10.19 billion, a decrease of 7% compared to the same period in 2023[19]. - The company declared an interim dividend of HKD 0.688 per share, a decrease of 9% from HKD 0.756 per share in the previous year[16]. - The company reported a significant increase in EBIT, reaching HKD 1,822 million in the first half of 2024, up from HKD 1,143 million in the same period of 2023, representing a growth of 59.5%[50]. Revenue Segmentation - The telecommunications segment reported revenue of HKD 42,934 million, a 19% increase from HKD 41,761 million[12]. - Retail revenue remained stable at HKD 11,760 million, with no significant change from HKD 11,771 million[12]. - Infrastructure revenue decreased by 3% to HKD 9,754 million from HKD 10,069 million[12]. - Retail segment revenue increased by 39% to HKD 91,469 million, while the infrastructure segment saw a slight decline of 2% to HKD 27,098 million[16]. - The financial and investment segment's revenue rose by 8% to HKD 49,549 million, compared to HKD 46,084 million in 2023[16]. - The port and related services sector handled 42.3 million TEUs, a 7% increase year-on-year, with revenue rising to HKD 21.59 billion, up 9%[21]. - The retail sector operated 16,548 stores across 28 markets, with total revenue of HKD 91.49 billion, a 3% increase year-on-year[22]. - The health and beauty products segment accounted for 88% of retail revenue, with same-store sales growing by 5% and total sales increasing by 6% in local currency[23]. Cost and Expenses - Interest expenses and other financing costs were HKD 11,933 million, a slight increase of 2% from HKD 11,735 million[12]. - The effective tax rate increased significantly, with current tax expenses rising to HKD 4,351 million, a 32% increase from HKD 3,292 million[12]. - Operating expenses for the first half of 2024 decreased by 4% to HKD 17.506 billion, compared to HKD 18.227 billion in the previous year[44]. - The average monthly gross profit per user (AMPU) in Hong Kong decreased by 17% compared to June 30, 2023[56]. - The average monthly revenue per user (ARPU) remained stable at €12.76, while the average margin per user (AMPU) increased by 1% to €11.65[46]. Market Strategy and Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[12]. - The company plans to maintain strong performance in Europe and ASEAN markets while improving operations in non-ASEAN Asian regions[23]. - The company aims to strengthen its balance sheet and overall financial position while maintaining flexible financial strategies to deliver shareholder returns[31]. - The company is actively seeking opportunities to enhance shareholder returns, including potential market consolidation and strategic alliances with global technology partners[88]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[117]. Sustainability and Corporate Governance - The retail division has committed to reducing Scope 1 and 2 emissions by 50.4% and Scope 3 emissions by 58% through renewable energy purchases[23]. - The company continues to monitor evolving sustainability regulations to ensure compliance and enhance data accuracy through partnerships with independent assessment agencies[30]. - The company emphasizes effective corporate governance to enhance shareholder value and protect stakeholder interests[108]. - The company has adhered to all applicable corporate governance codes as per the Hong Kong Stock Exchange during the reporting period[109]. Shareholder Information - The total issued shares of the company as of June 30, 2024, is 3,830,044,500 shares[95]. - Li Ka-Shing Unity Trustee Company Limited holds 1,005,817,044 shares, representing approximately 26.2% of the total issued shares[93]. - The company’s shareholding structure includes various trusts, with Li Ka-Shing Unity Trust and Li Ka-Shing Castle Trust being significant holders[93][94]. - The company has a significant interest in Cheung Kong Infrastructure Holdings, with Li Zeju holding 5,428,000 shares, approximately 0.21% of its issued voting shares[96]. Financial Health and Ratios - The net debt to total equity ratio as of June 30, 2024, was 9.8%, indicating strong financial health, with cash reserves of HKD 9.2 billion[42]. - The group's net cash inflow before financing activities for the first half of 2024 was HKD 16.16 billion, an increase of 6.8% from HKD 15.14 billion in the same period last year[4]. - The total bank and other debts as of June 30, 2024, amounted to HKD 280.83 billion, up from HKD 274.91 billion as of December 31, 2023[78]. - The group’s total assets were HKD 763,678 million as of June 30, 2024, compared to HKD 778,361 million on December 31, 2023, reflecting a decrease of 1.88%[152].