2023-09-25-港交所-联合能源集团_二零二三年中期报告_51页_555kb

中期報告總結 2023

財務業績

2023年上半年，集團錄得本公司擁有人應佔溢利約1,663,123,000港元，較去年同期的1,510,248,000港元增長10.1%。營業額達6,226,137,000港元，環球增長3.4%，主要由於貿易業務增加。毛利率從53.4%降至40.9%，主要受原油價格下跌影響。

業務回顧

上半年累計商業發現6個，其中3個來自巴基斯坦，2個來自埃及，1個來自伊拉克。平均權益日產量約101,627桶油當量，環球增長1.5%。主要優勢包括勘探成功、成本優勢及持續產量增長。同時，折舊及攤銷增加至1,871,586,000港元，較去年上升10.2%。

財務狀況

截至6月30日，流動比率約1.24倍，資產負債率約11.7%。借款總額約3,015,939,000港元，平均借款利率8.22%。集團財務狀況強健，資金充足且融資空間較大。

未來展望

預計2023年平均作業日產量為165,000-179,000桶油當量，平均權益日產量為94,700-102,400桶油當量。資本支出目標為9.9至10.5億美元，重點投入勘探及開發項目。集團將延續審慎的財務政策，優化運營，以支持持續增長。

Summary of the Mid-Year 2023 Report

Financial Performance

For the six months ended June 30, 2023, the Group achieved a net profit attributable to shareholders of HKD 1,663,123,000, an increase of 10.1% compared to the same period in 2022. Revenue reached HKD 6,226,137,000, a year-on-year increase of 3.4%, primarily driven by growth in trading activities. The gross profit margin decreased from 53.4% to 40.9%, mainly due to lower global oil prices.

Business Recap

A total of six commercial discoveries were made during the six months, with three in Pakistan, two in Egypt, and one in Iraq. The average equity production reached approximately 101,627 barrels of oil equivalent per day, an increase of 1.5% year-on-year. Key strengths included successful exploration, cost efficiency, and stable production growth. Depreciation and amortization increased to HKD 1,871,586,000, a rise of 10.2% compared to the same period last year.

Financial Position

As of June 30, 2023, the Group maintained a current ratio of approximately 1.24x and an asset-to-debt ratio of around 11.7%. Total borrowings stood at approximately HKD 3,015,939,000, with an average interest rate of 8.22%. The Group's financial condition remained robust, with ample liquidity and significant borrowing capacity.

Outlook

For 2023, the target average operating production is set between 165,000 and 179,000 barrels of oil equivalent per day, while the average equity production is expected to be between 94,700 and 102,400 barrels of oil equivalent per day. Capital expenditure is projected to range between USD 990 million and USD 1,050 million, primarily focused on exploration and development projects. The Group will maintain a prudent fiscal policy, optimize operational efficiency, and support organic and inorganic growth opportunities.