大新金融(00440) - 2024 - 中期业绩

Financial Performance - The net profit attributable to shareholders for the six months ended June 30, 2024, was HK$1,112,382, representing a 20.7$921,862 in the same period of 2023[3]. - Total operating income for the group reached HK$3,392,598, an increase of 19.8$2,833,003 in the previous year[3]. - Basic earnings per share for the period were HK$3.49, up from HK$2.89 in the previous year[3]. - The interim dividend declared was HK$294,009, significantly higher than HK$115,047 in the same period last year[3]. - The group reported a total comprehensive income of HK$2,092,884 for the period, compared to HK$1,457,633 in 2023, marking a substantial increase[4]. - The operating profit before impairment losses was HK$1,769,951, reflecting a 40.8$1,256,887 in 2023[3]. - The profit before tax for the first half of 2024 was HKD 1,658,124, reflecting a significant increase compared to the previous year[36]. - The profit before tax for the six months ended June 30, 2024, was HKD 1,658,124, compared to HKD 1,309,208 for the same period in 2023, indicating an increase of about 27%[38]. Income Sources - Net interest income increased to HK$2,594,639, up 11.2$2,332,512 in 2023[3]. - Service fee and commission income rose significantly to HK$711,602, a 50.4$472,779 in the prior year[3]. - The company reported a significant increase in securities investment income, which rose to HKD 2.18 billion from HKD 1.77 billion, an increase of 23.5%[9]. - Net trading income for the same period was HKD 99,924,000, significantly up from HKD 4,762,000 in 2023[12]. - Non-interest income surged by 77%, primarily driven by growth in net service fees, commissions, and trading income[43]. Assets and Liabilities - Total assets increased to HKD 272.37 billion as of June 30, 2024, compared to HKD 269.79 billion at the end of 2023, representing a growth of 0.65%[5]. - The total liabilities of the company stood at HKD 229.97 billion as of June 30, 2024, compared to HKD 228.79 billion at the end of 2023, indicating a marginal increase of 0.52%[5]. - The equity attributable to shareholders increased to HKD 33.89 billion from HKD 32.68 billion, reflecting a growth of 3.7%[5]. - The total amount of financial assets measured at fair value through profit or loss was HKD 3,334,340,000 as of June 30, 2024, down from HKD 3,420,551,000 in December 2023, a decrease of 2.5%[22]. - The total liabilities for insurance and reinsurance contracts were HKD 1,321,027,000 as of June 30, 2024, a decrease from HKD 1,367,305,000 at the end of 2023[32]. Credit and Impairment - The company’s net credit impairment losses for customer loans and advances were HKD 550,546,000, compared to HKD 220,825,000 in 2023, indicating a significant increase[16]. - The credit impairment losses for the first half of 2024 were HKD 543,863, compared to HKD 277,530 in the same period of the previous year, indicating an increase in credit losses[36]. - The total impairment provisions for loans and advances amounted to HKD 1,180,190,000 in 2024, compared to HKD 1,113,256,000 in 2023, indicating an increase of 6.0%[26]. - The credit impairment loans and advances accounted for 1.96% of total customer loans and advances in 2024, slightly up from 1.94% in 2023[26]. Operational Efficiency - The cost-to-income ratio improved to 48.5% for the six months ended June 30, 2024, down from 57.0% for the same period in 2023, indicating enhanced operational efficiency[39]. - The average return on total assets (annualized) increased to 1.1% for the six months ended June 30, 2024, compared to 0.9% for the same period in 2023[39]. - The net interest income to operating income ratio decreased to 77.2% for the six months ended June 30, 2024, from 84.3% for the same period in 2023, suggesting a shift in revenue composition[39]. Strategic Focus - The company is focused on expanding its services in Hong Kong, Macau, and China, enhancing its banking, insurance, and financial services offerings[6]. - The company is focusing on expanding its banking and insurance services in mainland China and Macau, aiming to enhance its market presence in these regions[35]. - The group anticipates potential economic rebound and improved credit conditions in the coming months, despite ongoing challenges in loan demand and credit costs[45]. - The group continues to focus on prudent risk management and operational efficiency amid economic uncertainties in the first half of 2024[42]. Employee and Shareholder Matters - Employee compensation and benefits expenses increased to HKD 1,125,443,000 in 2024 from HKD 1,068,664,000 in 2023, reflecting a rise of 5.3%[14]. - There were no significant changes in employee compensation, compensation policies, and training programs compared to the disclosures in the 2023 annual report[50]. - The board declared an interim dividend of HKD 0.92 per share, to be distributed on September 26, 2024[40]. - The company purchased a total of 160,000 shares at a total cost of HKD 3,508,935.16 during the six-month period ending June 30, 2024[49].