国际资源(01051) - 2024 - 中期业绩

Financial Performance - The company reported a revenue of $18,154,000 for the six months ended June 30, 2024, representing an increase of 11.8$16,240,000 in the same period of 2023[1]. - Interest income rose to $14,725,000, up from$13,609,000, reflecting an increase of 8.2% year-over-year[1]. - The company achieved a pre-tax profit of $40,348,000, a significant recovery from a loss of$5,337,000 in the previous year[1]. - Basic and diluted earnings per share improved to 8.95 cents, compared to a loss of 1.19 cents per share in the same period last year[1]. - Total comprehensive income for the period was $41,955,000, compared to a loss of$10,380,000 in the prior year, indicating a strong turnaround[3]. - The group reported a net profit after tax of $40.3 million for the six months ended June 30, 2024, compared to a net loss of$5.3 million for the same period last year[37]. - Revenue for the six months ended June 30, 2024, was $18.2 million, an increase of 5.8$16.2 million for the same period last year[37]. - Other income for the same period was $14.4 million, up from$12.2 million, primarily due to interest income from fixed income investments[37]. - The group reported a significant increase in fair value gains on financial assets and perpetual securities of $45.3 million compared to the previous year[37]. - The group’s EBITDA for the six months ended June 30, 2024, was$40.7 million, a significant recovery from a loss of $4.9 million in the same period last year[36]. Assets and Liabilities - Non-current assets increased to$818,793,000 as of June 30, 2024, up from $743,574,000 at the end of 2023[4]. - Total assets as of June 30, 2024, amounted to 1,617,403 thousand USD, with classified assets contributing 1,588,900 thousand USD[15]. - The company held debt instruments measured at amortized cost amounting to USD 59,307,000 classified as non-current assets as of June 30, 2024, down from USD 82,972,000 as of December 31, 2023[22]. - The group’s total liabilities increased from 31,279 thousand USD as of December 31, 2023, to 45,402 thousand USD as of June 30, 2024[15]. - The group’s classified liabilities totaled 38,347 thousand USD as of June 30, 2024, with classified liabilities in the financial services segment at 37,875 thousand USD[15]. - The fair value of receivables from securities trading increased to$24,403,000 as of June 30, 2024, from $39,888,000 as of December 31, 2023, indicating a decrease of approximately 38.9$42,296,000 as of June 30, 2024, down from $64,346,000 as of December 31, 2023, reflecting a decrease of approximately 34.3$38,148,000 as of June 30, 2024, compared to $30,949,000 as of December 31, 2023[34]. Cash Flow - Cash and cash equivalents decreased to$80,321,000 from $130,308,000, reflecting a net decrease of$51,880,000 during the period[5]. - The company reported a net cash outflow from operating activities of $3,464,000, compared to a cash inflow of$2,357,000 in the previous year[5]. - Cash and cash equivalents decreased to $80.3 million as of June 30, 2024, from$130.3 million at the end of 2023, with a net cash outflow from operating activities of $51.9 million[51]. Investments - The fair value of financial assets measured at fair value through profit or loss increased to$403,033,000 from $324,361,000[4]. - The company’s non-listed investment fund increased to USD 307,284,000 as of June 30, 2024, from USD 261,999,000 as of December 31, 2023[22]. - The group holds six non-listed equity investments with a book value of$52,941,000 as of June 30, 2024, slightly down from $53,398,000 as of December 31, 2023[26]. - The group’s investments in non-listed private equity funds are concentrated in technology, media, telecommunications, healthcare, and environmental sectors, with five out of thirteen funds accounting for approximately 77$35.5 million from proprietary investment operations for the six months ended June 30, 2024, a significant recovery from a loss of $12.4 million in the same period in 2023[44]. Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.12 per share for the year ended December 31, 2023, amounting to approximately USD 6,918,000 (equivalent to about HKD 54,098,000) for the six months ended June 30, 2024[19]. - The group did not recommend the declaration and payment of an interim dividend for the six months ended June 30, 2024[35]. Corporate Governance and Compliance - The company has adopted and complied with the Corporate Governance Code as per the listing rules, ensuring adherence to applicable governance standards[61]. - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules appendix C3, confirming compliance by all directors until June 30, 2024[62]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group, discussing audit, internal control, and financial reporting matters[63]. - The interim report for the six months ending June 30, 2024, has been reviewed by the audit committee and will be sent to shareholders by September 30, 2024[64]. Future Outlook and Strategy - The company plans to optimize resource allocation and enhance business performance in the second half of 2024, aiming for higher returns and value[56]. - The financial services segment will focus on securities trading, brokerage, margin financing, asset management, and corporate finance consulting, leveraging competitive commission rates and quality service[56]. - The company anticipates a gradual improvement in the IPO market in 2024, driven by government support measures including tax incentives and regulatory reforms[56]. - The company aims to diversify its lending business, including commercial financing and specialized lending solutions for various industries[57]. - The asset management business will enhance its product offerings by providing tailored discretionary investment management services to high-net-worth clients[57]. - The company is actively seeking investment opportunities in high-quality commercial properties and other real estate, with a focus on stable income and long-term capital appreciation[57].