Financial Performance - The group's revenue reached $1,770 million, an increase of 6% compared to the same period last year. Excluding the impact of currency fluctuations and acquisitions, revenue grew by 11%[3] - Gross profit was $355 million, representing 20.0% of revenue, down from 21.3% ($357 million) in the same period last year[3] - Adjusted EBITDA was $111 million, compared to $138 million in the same period last year[3] - Net profit attributable to shareholders decreased by 40% to $56 million, or $0.0621 per share, fully diluted[3] - Free cash flow from operations was $80 million, compared to a cash outflow of $56 million in the same period last year[3] - The net profit attributable to shareholders for the first half of the fiscal year 22/23 was $55.9 million, a decrease from $93.2 million in the same period of the previous year[12] - The operating profit for the six months ended September 30, 2022, was USD 69,031 thousand, down from USD 116,926 thousand in the previous year, reflecting a decline of approximately 41%[85] - The profit attributable to shareholders for the six months ended September 30, 2022, was $55,884 thousand, down from $93,179 thousand in the same period of 2021[186] Revenue Segmentation - The automotive products segment accounted for 79% of total revenue, with a fixed exchange rate revenue increase of 16%[5] - Revenue from the Americas automotive products segment increased by 23% at fixed exchange rates, while Europe saw an 8% increase, and Asia (mainly China) increased by 17%[5] - The industrial products segment represented 21% of total revenue, with a fixed exchange rate revenue decline of 5%[6] - The automotive product segment's revenue reached $1,472.2 million, reflecting a 16% increase from $1,268.7 million in the previous year, while the industrial product segment's revenue decreased by 5% to $384.1 million[14] - Revenue for the first half of the fiscal year 22/23 increased by $182.2 million compared to the first half of the fiscal year 21/22, with the automotive segment contributing an increase of $203.5 million and the industrial segment decreasing by $21.3 million[16] Acquisitions and Investments - The company completed the acquisition of Halla Stackpole Corporation, increasing its stake to 100%, which is expected to enhance operational synergies in the powder metal business[9] - The company also acquired 80% of Pendix GmbH, a key player in the electric bicycle industry, aiming to leverage its technology and expertise to strengthen its position in the European market[9] - The company acquired 80% of Pendix GmbH on October 13, 2022, which had a revenue of €17.4 million ($17.1 million) for the year ending December 31, 2021[21] - The acquisition of an additional 50% stake in Halla Systech increased the company's ownership from 30% to 80%, with a purchase price of $83.2 million (939 billion KRW)[164] - The company completed the acquisition of the remaining 20% stake in Halla Systech for 50.8 million USD (703 billion KRW) on September 19, 2022, making it a wholly-owned subsidiary[164] Cash Flow and Liquidity - As of September 30, 2022, the total debt-to-capital ratio was 17%, with cash reserves of $298 million[7] - The company reported a net cash flow change in working capital of $13.3 million, with total working capital amounting to $755.0 million as of September 30, 2022[30] - The company reported cash and cash equivalents of USD 298,165 thousand as of September 30, 2022, down from USD 345,404 thousand[83] - The company reported cash generated from operations for the six months ended September 30, 2022, was $212,578 thousand, significantly higher than $118,693 thousand in the same period of 2021[190] Debt and Financial Ratios - The total debt as of September 30, 2022, was $471.7 million, slightly reduced from $490.8 million as of March 31, 2022[12] - The company's market capitalization as of September 30, 2022, was $911.8 million, down from $1,239.4 million as of March 31, 2022[12] - The debt-to-capital ratio rose from 16% on March 31, 2022, to 17% on September 30, 2022[49] - The interest coverage ratio was 10.7 times as of September 30, 2022, down from 11.9 times on March 31, 2022[49] Shareholder Information - The company announced an interim dividend of HKD 0.17 per share, equivalent to USD 0.0218 per share, with a scrip dividend option available[8] - The company declared an interim dividend of HKD 0.17 per share for the first half of the 22/23 fiscal year, totaling $19.7 million, consistent with the previous year's interim dividend[49] - The company reported a total of 526,627,622 shares held by major shareholder Wang Guo Yizhen, representing 57.478% of the total equity[71] - Major shareholders include Deltec Bank & Trust Limited with 225,703,430 shares (24.63%) and HSBC International Trustee Limited with 211,488,543 shares (23.08%) as of September 30, 2022[74] Operational Challenges - The company anticipates challenges in the global manufacturing outlook due to high inflation and geopolitical tensions, prompting a focus on cash flow generation and cost control[10] - The industrial segment's revenue decreased by 5% compared to the first half of the fiscal year 21/22, impacted by COVID-19 lockdowns and semiconductor shortages[20] - The company faced challenges from rising raw material prices and semiconductor shortages, which were partially offset by cost-saving measures[28] Foreign Exchange and Commodity Risks - Foreign exchange fluctuations negatively impacted revenue by $89.8 million, primarily due to the weakening of the Euro and Renminbi against the US dollar[16] - The euro weakened against the US dollar by 13%, impacting the company's hedging strategies[54] - The US dollar strengthened against the Chinese yuan by 12%, resulting in a decrease in the fair value of RMB contracts by $90.1 million to a liability of $0.7 million as of September 30, 2022[57] - The company continues to manage commodity price risks through cash flow hedging contracts with various expiration dates ranging from 1 to 30 months[62] Employee Compensation and Governance - The total remuneration for directors for the six months ended September 30, 2022, was $1.993 million, a decrease from $4.021 million in the same period of 2021[196] - Senior management compensation for six months ended September 30, 2022, was $3.517 million, down from $6.063 million in the prior year[197] - The company has complied with the standard code for securities transactions as per the listing rules, with all directors confirming adherence for the six months ending September 30, 2022[68] Market Position and Strategy - The company continues to invest in automation to standardize operations and improve product quality and reliability[33] - The company has not changed its risk management policies since March 31, 2022, which include market risk, credit risk, liquidity risk, and capital risk[198] - The company plans to utilize the net proceeds from the bond issuance for general corporate purposes, refinancing, and extending debt maturities[150]

Financial Performance - Total revenue for the year was $3.4 billion, with a net profit of $146 million[3]. - For the fiscal year ending March 31, 2022, the total revenue was $3,446 million, an increase of 9% compared to the previous year[19]. - The automotive products segment generated revenue of $2,644 million, reflecting a 5% increase, despite a global light vehicle production decline of approximately 1% during the same period[19]. - The gross profit was $702 million, down 3%, with adjusted operating profit before interest, tax, and depreciation decreasing by 27% to $244 million, representing 7.1% of revenue[19]. - Net profit attributable to shareholders was $146 million, a decrease of 31% year-over-year, while basic net profit was $165 million, down 34%[19]. - The industrial products segment achieved revenue of $802 million, accounting for 23% of total revenue, with a 12% increase excluding foreign exchange effects[19]. - Free cash flow was a net outflow of $132 million, compared to an inflow of $171 million in the previous year[20]. - The company plans to distribute a final dividend of 17 HK cents per share, totaling an annual dividend of 34 HK cents, down from 51 HK cents last year[20]. - The automotive product segment's revenue increased by $132.9 million or 5% to $2,576.4 million, while the commercial product segment's revenue rose by $87.9 million or 12% to $800.6 million[51]. - Shareholders' profit attributable to the company was $146.4 million, down from $212.0 million in the previous fiscal year[50]. Operational Challenges - The company faced significant operational challenges due to semiconductor shortages and disruptions caused by geopolitical events, including the war in Ukraine[19]. - The company is actively addressing the challenges posed by semiconductor shortages, which have limited its ability to meet customer demands[21]. - Supply chain bottlenecks, particularly semiconductor shortages, significantly disrupted the automotive industry during the fiscal year[57]. - Significant increases in shipping and logistics costs, along with rising IT infrastructure costs, have impacted operational profitability[20]. Market and Product Focus - The revenue breakdown shows 77% from automotive products and 23% from industrial products[7]. - The automotive industry is undergoing a structural shift towards hybrid and electric vehicles, which the company is focusing on through innovation in key automotive systems[19]. - The company is focused on investing in innovative technologies to provide unique driving solutions and redefine industry standards[16]. - The company is investing in innovative products and technology solutions to address trends in electrification, automation, mobility, safety, and healthcare[20]. - The company is focused on expanding its market presence and capabilities in the electric vehicle sector, which is seen as having the largest growth potential in the industry[21]. Sustainability Initiatives - The company is committed to sustainability, aiming to reduce greenhouse gas emissions and energy consumption through its drive-related products, which create value for customers and end-users[24]. - The company aims to reduce absolute carbon emissions by 25% by the end of 2030, based on 2019 levels, aligning with the Paris Agreement[39]. - By the end of 2022, the company targets 100% renewable energy usage in its EU facilities and aims for an A rating in the Carbon Disclosure Project (CDP) by the end of 2025[39]. - The company has committed to reducing absolute carbon emissions by 42% by the end of 2030, in line with the Science Based Targets initiative (SBTi)[39]. - The company has launched a global social impact network project "JEnerations," organizing nearly 100 community activities since its inception in April 2021[45]. Employee Engagement and Development - The company employs over 35,000 staff, including more than 1,500 engineers[2]. - The company has established technical colleges in China and Mexico to provide comprehensive education for local underprivileged youth through a three-year apprenticeship program[36]. - The company has implemented a training program for technicians to ensure consistent standards and quality across its global automated production lines[41]. - The company emphasizes continuous innovation and technological enhancement to provide unique solutions for customer success and user satisfaction[35]. - The company has a strong focus on talent management, holding monthly meetings with senior executives to drive talent mobility and improve corporate efficiency[128]. Governance and Compliance - The board consists of two executive directors and nine non-executive directors, with six being independent non-executive directors, ensuring a diverse range of expertise[153]. - The company has established a structured governance framework with four committees overseeing various governance matters, reporting regularly to the board[158]. - The company emphasizes high corporate governance standards to protect and enhance shareholder interests[152]. - The Audit Committee held four meetings during the fiscal year 21/22 to review the financial performance for the fiscal year 20/21 and the interim results for 21/22, ensuring compliance with accounting standards and legal requirements[69]. - The company has a whistleblower hotline for reporting unethical behavior without fear of retaliation[174].

Financial Performance - Total revenue for the company reached $3.3 billion, with a net income of $281 million[7]. - For the fiscal year ending March 31, 2019, total revenue reached $3,280 million, an increase of 1% compared to the previous fiscal year, with a basic revenue growth of 2% excluding acquisitions and currency fluctuations[55]. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) totaled $549 million, up 6% year-over-year, while operating profit increased by 3% to $344 million, representing 10.5% of total revenue[55]. - Net profit attributable to shareholders rose by 7% to $281 million, equating to a fully diluted earnings per share of $31.60[55]. - The company’s market capitalization as of March 31, 2019, was $2,019.2 million, down from $3,236.1 million in the previous year[63]. - The company reported a diluted earnings per share of 31.60 cents for 18/19, compared to 29.65 cents in the previous fiscal year[63]. - The company’s net profit for fiscal year 18/19 was $289.6 million, reflecting a tax rate of 11.7%[75]. Revenue Segments - The automotive product segment serves over 500 customers, including OEMs and tier-one and tier-two suppliers, reflecting a growing demand for technology and solutions due to stricter emissions regulations[13]. - The automotive products segment generated revenue of $2,530 million, with a 2% increase excluding acquisitions and foreign exchange effects[58]. - Revenue in the Americas for the automotive products segment grew nearly 8% at constant exchange rates, despite flat light vehicle production[58]. - The industrial products segment's revenue rose 1% to $750 million, accounting for 23% of total group revenue[58]. Investments and Expansion - The company is investing heavily in automation to enhance product quality and address labor shortages and rising wages[60]. - Significant investments are being made in advanced automation production facilities to enhance production cycles and product quality, ensuring consistent quality across regions[26]. - The company aims to build a global production footprint to respond faster to customers, improve cost competitiveness, and reduce risks from tariffs and currency fluctuations[25]. - The company has expanded its operations in Mexico and Poland, establishing new production facilities to enhance its manufacturing capabilities[50]. - The company established an advanced digital factory in Jiangmen, Guangdong, to expand its growth platform in China[50]. Sustainability and Innovation - The company is committed to sustainable development, creating value through innovative technologies that reduce emissions and improve energy efficiency[32]. - The company is actively addressing climate change by manufacturing precision automotive parts that help reduce internal combustion engine CO2 emissions[39]. - The company is committed to reducing energy consumption, minimizing weight, and enhancing performance through innovative technologies[23]. - The company focuses on innovation and reliability in electromechanical power systems, targeting market segments driven by long-term trends, regulatory changes, and technological advancements[20]. - The introduction of LUMEMS, a patented electronic control unit for automotive lighting, aims to enhance driving comfort and safety[22]. Risk Management - The company faces significant risks from global economic instability, trade issues, and industry dynamics, which could adversely affect product demand and financial performance[121]. - The company aims to mitigate risks by diversifying its customer and product portfolio through internal development and acquisitions, reducing the impact of economic downturns[124]. - The group aims to mitigate risks associated with supply chain disruptions by ensuring supplier continuity, quality, and reliability[131]. - The company has hedged foreign exchange risks through various forward contracts, including selling euros and Canadian dollars[104]. Corporate Governance - The board conducts annual performance evaluations to ensure effective operations and implements suggestions for improvement[165]. - The Audit Committee held four meetings during the fiscal year 18/19 to review financial statements and ensure compliance with accounting standards[168]. - The company emphasizes the importance of internal audit and risk management processes in its operations[168]. - The board's composition includes independent non-executive directors to ensure governance and oversight[166]. - The company has established a whistleblowing hotline for employees to report unethical behavior without fear of retaliation[178]. Employee Engagement and Development - The company employs over 38,000 personnel across 23 countries in Asia, Europe, the Middle East, North America, and South America[12]. - Employees received over 224,000 hours of training in the fiscal year 18/19, excluding on-the-job experience[146]. - The group’s global learning platform offers over 300 courses for employees, promoting a culture of continuous learning[146]. - The company emphasizes a rigorous supplier qualification review process, ensuring suppliers meet international standards such as ISO9001 and ISO14001[139]. - The company has awarded over 1,100 employees for embodying the MARBLE values since 2014, with 260 awards given in the fiscal year 2018/19[143].