大新金融(00440) - 2023 - 中期业绩

Financial Performance - The net profit attributable to shareholders for the six months ended June 30, 2023, was HK$921.86 million, representing a 9.4$842.40 million in 2022[2] - Basic earnings per share for the period were HK$2.89, an increase from HK$2.64 in 2022[3] - The company reported a profit for the period of HKD 1,206,845 for the six months ended June 30, 2023, compared to HKD 1,309,208 for the same period in 2022, showing a decrease of approximately 7.8%[43] - The group reported a pre-tax profit of HKD 1,306,490 for the six months ended June 30, 2022[44] - The group's profit attributable to shareholders increased by 9% to HKD 922 million in the first half of 2023[49] Income and Revenue - Interest income for the period was HK$5.34 billion, up from HK$2.70 billion in the previous year, while net interest income increased by 15.0% to HK$2.33 billion[3] - Total operating income amounted to HK$2.83 billion, a 3.2% increase compared to HK$2.75 billion in the same period last year[3] - The company reported a significant reduction in credit impairment losses by 48.2$305.60 million to HK$158.39 million[3] - The company declared an interim dividend of HK$115.05 million, compared to HK$105.46 million in the previous year, reflecting a growth of 9.8$258.80 billion, a slight decrease from HK$259.16 billion at the end of 2022[8] - The total equity of Dah Sing Financial Group was HKD 30,498,841, an increase from HKD 29,579,235 as of December 31, 2022, representing a growth of approximately 3.1%[40] - The group’s capital adequacy ratios remained strong, with a Common Equity Tier 1 capital ratio of 15.6% and a total capital ratio of 19.7% as of June 30, 2023[51] Credit and Loans - Credit impairment losses for customer loans and advances were HKD 220,825,000 in 2023, down from HKD 363,349,000 in 2022, indicating a reduction of 39%[23] - The percentage of credit-impaired loans and advances to total customer loans and advances was 1.85% as of June 30, 2023, slightly down from 1.86% as of December 31, 2022[33] - Total overdue loans as of June 30, 2023, amounted to HKD 2,077,635, representing 1.49% of total loans, an increase from HKD 1,855,344 or 1.36% as of December 31, 2022[34] Strategic Initiatives - The company plans to continue expanding its market presence in mainland China and Macau, leveraging its subsidiaries to enhance personal and corporate banking services[42] - Dah Sing Financial Group is actively investing in new technology and product development to improve customer service and operational efficiency[42] - The group is exploring strategic acquisitions to enhance its competitive position in the financial services market[42] Market Outlook - The group anticipates a GDP growth forecast of 4%-5% for Hong Kong in 2023, an improvement from the previous year[52] - The group expects continued low demand for loans due to the high-interest environment, with investment sentiment remaining subdued[52] - The company plans to manage its wholly-owned businesses with a cautious outlook for the second half of 2023[52] Regulatory and Compliance - Dah Sing Bank designated HKD 617,258,000 as regulatory reserves as of June 30, 2023, up from HKD 438,466,000 at the end of 2022, indicating a focus on maintaining adequate capital buffers[41] - The solvency ratio for Hong Kong operations was reported at 1,479% as of June 30, 2023, up from 1,457% at the end of 2022[46] Shareholder Information - The group announced an interim dividend of HKD 0.36 per share, to be distributed on September 21, 2023[47] - The mid-term performance report for 2023 will be published on the Hong Kong Stock Exchange and the company's website by the end of September 2023[57]