Financial Performance - Revenue for the six months ended June 30, 2019, was HKD 18,246,352 thousand, a decrease of 18.0% compared to HKD 22,236,280 thousand in 2018[5] - Gross profit for the same period was HKD 3,821,431 thousand, down 22.6% from HKD 4,938,584 thousand in 2018[5] - Profit for the period attributable to equity holders was HKD 1,441,626 thousand, a decline of 65.4% compared to HKD 4,169,007 thousand in 2018[5] - Basic earnings per share for the six months ended June 30, 2019, was HKD 1.331, down 65.9% from HKD 3.909 in 2018[5] - Total comprehensive income for the period was HKD 2,247,311 thousand, compared to HKD 3,730,515 thousand in 2018, reflecting a decrease of 39.7%[7] - The company’s EBITDA for the period was HKD 3,505.6 million, a decline of 32% from HKD 5,141.4 million[68] - Basic net profit for the same period fell by 45% to HKD 1,441.6 million, down from HKD 2,597.8 million year-on-year[68] Assets and Liabilities - Non-current assets as of June 30, 2019, amounted to HKD 17,957,187 thousand, compared to HKD 16,925,863 thousand as of December 31, 2018[9] - Current assets totaled HKD 43,996,576 thousand, slightly down from HKD 44,309,039 thousand at the end of 2018[10] - Current liabilities increased to HKD 22,062,019 thousand from HKD 18,806,951 thousand in December 2018, representing a rise of 17.5%[10] - The company reported a total equity attributable to equity holders of HKD 48,638,422 thousand, up from HKD 47,332,985 thousand in 2018[10] - Total equity as of June 30, 2019, was HKD 54,633,271,000, reflecting an increase from the previous period[11] - The total liabilities as of June 30, 2019, were HKD 6,645,015,000, compared to HKD 6,424,456,000 as of December 31, 2018[38] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 4,512,020,000, a significant increase compared to HKD 440,807,000 in the same period last year[14] - The company reported a net cash outflow from investing activities of HKD 4,284,589,000, an improvement from HKD 6,336,510,000 in the prior year[14] - The total cash and cash equivalents at the end of the period were HKD 7,031,615,000, slightly down from HKD 7,048,965,000 at the end of the previous year[14] - The company’s financing activities resulted in a net cash outflow of HKD 669,140,000, contrasting with a significant inflow of HKD 4,830,912,000 in the previous year[14] Market Strategy and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[5] - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[12] - The company is focused on improving operational efficiency and exploring potential mergers and acquisitions to drive growth[12] Segment Performance - The group reported total revenue of HKD 18,246,352,000 for the six months ended June 30, 2019, with a breakdown of sales from various segments including HKD 6,107,758,000 from copper-clad laminates and HKD 4,337,534,000 from printed circuit boards[21] - The copper-clad laminate business maintained its position as the global market leader for 14 consecutive years, with revenue declining by 21% to HKD 7.138 billion due to market demand drop and price adjustments[70] - The printed circuit board segment saw a slight revenue decrease of 3% to HKD 4.375 billion, while EBITDA increased by 3% to HKD 565.3 million, driven by 5G network advancements[70] - The chemical segment's revenue fell by 25% to HKD 6.537 billion, with EBITDA dropping 54% to HKD 705.4 million, impacted by weakened demand and price declines[70] - The real estate segment's total revenue decreased by 18% to HKD 896.6 million, with property sales revenue declining due to fewer completed units, while rental income rose to HKD 555.3 million[70] Shareholder Information - The interim dividend declared for the six months ended June 30, 2019, is HKD 0.28 per share, compared to HKD 0.60 and a special interim dividend of HKD 0.50 per share for the same period in 2018[29] - The weighted average number of ordinary shares for basic earnings per share calculation was 1,083,152,236 for June 30, 2019, compared to 1,066,452,236 for June 30, 2018[32] - The company approved an existing employee share option scheme at the annual general meeting on May 27, 2019, aimed at incentivizing eligible participants for their contributions to the group[40] Corporate Governance - The company has adhered to good corporate governance principles and complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the six months ending June 30, 2019[105] - All directors, including independent non-executive directors, have confirmed compliance with the standard code of conduct regarding securities trading for the same period[106]

Financial Performance - The Group's revenue increased by 6% to HK$45,994.4 million in FY 2018, compared to HK$43,371.3 million in FY 2017[11]. - Underlying net profit decreased by 18% to HK$4,603.1 million, down from HK$5,589.1 million in the previous year[11]. - Reported net profit rose by 9% to HK$6,075.8 million, influenced by a pre-tax gain of HK$2,089.8 million from the disposal of a subsidiary[11][19]. - Basic earnings per share based on underlying net profit fell by 20% to HK$4.313, compared to HK$5.358 in FY 2017[11]. - The proposed final dividend is HK$0.70 per share, a decrease of 30% from HK$1.00 in the previous year, resulting in a total full-year dividend of HK$1.80 per share[19]. Segment Performance - The chemicals division recorded significant growth due to steady price increases and effective cost control measures[18]. - The properties division saw improved profit margins from residential property sales, aided by a surge in average selling prices[18]. - The commercial property portfolio registered rental income growth due to higher occupancy rates[18]. - The laminates division's turnover rose by 3% to HK$17,144.9 million, but EBITDA declined by 21% to HK$3,536.5 million due to rising raw material costs[24]. - The PCB division reported a turnover growth of 19% to HK$9,754.1 million, with EBITDA dropping 11% to HK$1,051.1 million as production efficiency for high-grade products has not yet reached optimal levels[24]. - The chemicals segment's turnover increased by 15% to HK$16,150.3 million, with EBITDA rising significantly by 30% to HK$2,114.8 million due to improved supply and demand conditions[24]. - The property segment's turnover decreased by 28% to HK$4,685.8 million, but EBITDA increased by 10% to HK$2,170.0 million due to rising average selling prices[27][28]. Financial Position - Net asset value per share increased by 1% to HK$43.7, up from HK$43.2[11]. - Net gearing rose to 37%, compared to 20% in the previous year[11]. - As of December 31, 2018, the Group's net current assets were approximately HK$25,502.1 million, with a current ratio of 2.36, up from 2.26 in 2017[29]. - The Group's cash and cash equivalents amounted to approximately HK$7,473 million, with total bank facilities of HK$31,925 million, of which 86% had been utilized[29]. - The net gearing ratio increased to 37% as of December 31, 2018, compared to 20% in 2017, while short-term to long-term bank borrowings stood at 26%:74%[31]. Strategic Initiatives - The Group continues to adapt its marketing strategies and optimize product mix in response to market challenges, particularly in the electronics industry[20]. - The Group is focused on expanding market shares and exploring new development opportunities, particularly in the Greater Bay Area[32]. - The Group invested HK$2.9 billion in new production capacity and HK$2.2 billion in property construction expenses during the year[31]. - The PCB division anticipates strong order growth due to increased investments in 5G telecommunications projects and is expanding capacities for PCBs in growth sectors[34]. - The chemical division aims to optimize resource deployment and enhance environmental protection efforts, with new production lines ramping up to full capacity[34]. Corporate Governance - The Company has adopted good corporate governance principles and complied with the CG Code throughout the year ended December 31, 2018[174]. - The Board is responsible for the leadership and control of the Group, approving strategic plans, annual budgets, and major investments[180]. - The Company plans to hold Board meetings quarterly in the coming year, with a minimum of four meetings[182]. - The roles of the Chairman and Managing Director are segregated, ensuring effective governance and management[187]. - The Company has taken sufficient measures to ensure its corporate governance practices meet or exceed the standards set by the CG Code[189]. Risk Management - The Group faces significant risks including product defects, customer contract variability, and intense industry competition[55][56][57][58]. - Recent global market fluctuations and economic conditions have adversely affected demand for the Group's products, particularly in the PRC[66]. - The global economic slowdown, particularly in China, poses risks that may adversely affect the Group's business operations and financial performance[69]. Environmental Commitment - The Group is committed to environmental sustainability and complies with relevant laws and regulations regarding environmental protection[67]. - The Group's commitment to environmental sustainability includes compliance with relevant laws and regulations and regular reviews of its environmental policies[70]. Employee Relations - The Company regularly reviews its employee remuneration and benefits policies to ensure alignment with market standards[71]. - The Group organizes recreational activities for employees to maintain a close relationship and enhance their living environment[71]. - The Group's workforce decreased to approximately 41,900 employees as of December 31, 2018, from 42,800 in 2017[31]. Shareholder Relations - The Group expresses gratitude to shareholders, customers, and employees for their support over the past year[37]. - The Board will review the dividend policy periodically, considering financial results, distributable reserves, and future development plans[79].