The profits of Hehe Industrial rose 3.6 times last year, interest 88 cents – hkej.com



Hopewell Industrial (00054) announced that its earnings to shareholders at the end of June was 8.969 billion yuan, an increase of 3.57 times on an annual basis, with earnings per share of 10.31 yuan and a second interim dividend of 88 cents.

Excluding the fair value gains on completed property investments, the profit attributable to shareholders for the year increased by 3.8 times on an annual basis to RMB 6.405 billion, mainly due to the proceeds from the sale of Hopewell Highway Infrastructure.

During the period the total turnover amounted to 5.602 billion yuan, a year-on-year decrease of 14.99%.

Hopewell Industrial's core profit fell by 4% year-over-year to RMB 1,285 billion, mainly due to the decline in the toll road profit contribution due to the sale of Hopewell Highway Infrastructure, the tightening of the Hehe New Town's earnings policy reduce, the share of Heyuan Power Plant decreased, etc. Factors compensated the growth of investment properties, hotels and restaurants and the income of treasury.

Sales of approximately 66.69% of Hopewell Highway Infrastructure were completed in April this year. Net money received was about $ 9 billion and net income after tax was about $ 5.1 billion.

During the period, the profit before interest and tax on investment properties and hotels and restaurants increased by 6% on an annual basis to 917 million yuan, the room and catering income from Yuelai Hotel increased, which increased the total revenue by 11% compared to 339 million yuan. . .

From the end of June the company had a net cash of about 9 billion yuan.


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