Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 1,728,693, a decrease of 11.8% compared to HKD 1,961,107 for the same period in 2023[1] - Total revenue for the six months ended June 30, 2024, was HKD 1,728,693, a decrease from HKD 1,961,107 for the same period in 2023, representing a decline of approximately 11.8%[10] - Revenue from metal products was HKD 517,153 for the six months ended June 30, 2024, down from HKD 549,967 in the previous year, reflecting a decrease of about 6.0%[10] - Revenue from construction materials reached HKD 1,211,444 for the six months ended June 30, 2024, compared to HKD 1,411,042 in the same period of 2023, indicating a decline of approximately 14.1%[10] - Total revenue for the group was approximately HKD 1,728,693,000, a decrease of 12% compared to the same period last year[28] - Revenue from the metal products segment was approximately HKD 519,151,000, a decrease of 6% compared to the previous year, while EBIT increased by 5% to approximately HKD 44,235,000[29] - Revenue from the construction materials segment was approximately HKD 1,211,483,000, a decrease of 14% year-on-year, with EBIT remaining stable at approximately HKD 78,392,000[30] Profitability - The net profit for the period was HKD 72,034, slightly down from HKD 73,116 in the same period last year, representing a decrease of 1.5%[1] - Total comprehensive income for the period was HKD 67,916, an increase of 23.7% compared to HKD 54,889 in the previous year[2] - Basic earnings per share decreased to HKD 10.72 from HKD 10.98, reflecting a decline of 2.4%[2] - The company reported a pre-tax profit of HKD 89,543 for the six months ended June 30, 2024, compared to HKD 86,017 in the previous year, indicating an increase of approximately 2.9%[12] - Profit attributable to shareholders was approximately HKD 61,554,000, a decrease of 2% year-on-year[28] - The company's profit for the six months ended June 30, 2024, was HKD 61,554,000, compared to HKD 63,078,000 for the same period in 2023, reflecting a slight decrease[22] Assets and Liabilities - Non-current assets increased to HKD 725,255, up from HKD 651,263 as of December 31, 2023, indicating a growth of 11.3%[3] - Current assets decreased to HKD 1,148,915 from HKD 1,616,802, a decline of 29%[3] - Total equity increased to HKD 1,434,940 from HKD 1,387,127, reflecting a growth of 3.4%[4] - The company reported a decrease in trade and other receivables to HKD 765,050 from HKD 1,025,045, a reduction of 25.4%[3] - The total amount of trade and other receivables as of June 30, 2024, was HKD 772,690,000, down from HKD 1,032,096,000 as of December 31, 2023[23] - Trade payables decreased to HKD 210,952,000 as of June 30, 2024, from HKD 252,165,000 as of December 31, 2023[26] - The group's total borrowings as of June 30, 2024, were approximately HKD 553,865,000, a decrease from HKD 906,133,000 at the end of 2023[33] - The net asset to debt ratio was 0.07:1 as of June 30, 2024, improved from 0.18:1 at the end of 2023[34] Expenses and Financial Costs - The group’s financial expenses, including bank borrowing interest, totaled HKD 19,140 for the six months ended June 30, 2024, compared to HKD 11,197 in the previous year, indicating an increase in financial costs[12] - The company's tax expenses for the six months ended June 30, 2024, amounted to HKD 17,509,000, an increase from HKD 12,901,000 in the same period of 2023[5] - Depreciation of property, plant, and equipment increased to HKD 24,107,000 in 2024 from HKD 20,127,000 in 2023[20] Dividends and Shareholder Information - The company declared a final dividend of HKD 0.035 per share for the year ended December 31, 2023, totaling HKD 20,103,000, compared to HKD 17,231,000 for the previous period[21] - The company declared an interim dividend of HKD 0.025 per share, totaling approximately HKD 14,359,000, consistent with the previous year's interim dividend[40] - The company will suspend shareholder registration from October 7 to October 9, 2024, to facilitate the dividend distribution[41] Operational Developments - The company has plans for market expansion and new product development, focusing on enhancing its service offerings in the construction materials sector[14] - The group plans to withdraw from the concrete plant in Yau Tong and has added a new concrete production line in Sheung Shui to support future projects[31] - The group has established a medical testing center, which is expected to start generating stable revenue by the second half of 2025[32] Employment and Governance - The group employed 1,469 staff as of June 30, 2024, with compensation based on performance and industry standards[35] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024[37] - There were no purchases or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending June 30, 2024[39] - The interim results announcement and interim report will be published on the Hong Kong Stock Exchange and the company's website[42]
高力集团(01118) - 2024 - 中期业绩