Financial Performance - Revenue for the six months ended September 30, 2022, was HK$3,397,908, a decrease of 18.5% compared to HK$4,172,121 in the same period of 2021[13] - Gross profit for the period was HK$975,825, down 17.1% from HK$1,177,250 in the previous year[13] - Profit for the period was HK$110,546, representing a decline of 19.5% from HK$137,243 in the same period of 2021[13] - Basic and diluted earnings per share attributable to ordinary equity holders of the Company were 8.2 HK cents, compared to 10.0 HK cents in the previous year[13] - Total comprehensive loss for the period amounted to HK$187,051,000, compared to a total comprehensive income of HK$165,353,000 in the previous year[16] - The total revenue for the group was HK$3,458,688, down from HK$4,220,305, a decrease of approximately 18.1%[41] - Profit before tax for the period was impacted by depreciation of property, plant, and equipment amounting to HK$112,124, an increase from HK$107,413 in the prior year[45] - Total tax charge for the period was HK$41,941, up from HK$30,584 in the same period last year, reflecting a higher tax burden[50] Expenses and Costs - Selling and distribution expenses decreased to HK$480,558, down 20.1% from HK$601,714 in the previous year[13] - Administrative expenses were HK$398,660, a reduction of 12.5% compared to HK$455,719 in the same period of 2021[13] - Finance costs rose slightly to HK$16,968, compared to HK$15,383 in the previous year[13] - Finance costs (excluding interest on lease liabilities) rose to HK$7,887 from HK$2,315, a significant increase of approximately 240.5%[41] Assets and Liabilities - Non-current assets decreased to HK$2,390,680,000 from HK$2,596,785,000, reflecting a reduction of about 7.9%[18] - Current assets decreased significantly to HK$4,798,219,000 from HK$6,380,963,000, a decline of approximately 24.8%[18] - Total current liabilities decreased to HK$1,621,637,000 from HK$3,032,615,000, a decline of approximately 46.5%[18] - Cash and cash equivalents significantly decreased to HK$615,277,000 from HK$2,363,988,000, reflecting a drop of about 73%[18] - The net assets decreased to HK$5,110,298,000 from HK$5,435,519,000, indicating a decline of approximately 6%[21] - Total equity as of September 30, 2022, is HK$5,437,374,000, a decrease from HK$5,400,004,000 in the previous year[24] Dividends - The Company declared an interim dividend of HK10.0 cents per ordinary share[8] - The company declared an interim dividend of HK$138,170,000 for the 2022/2023 fiscal year[24] - Interim dividend declared was HK$138,170, representing an increase of 25% from HK$110,536 in the previous year[52] Segment Performance - Segment revenue for the production, dyeing, and sale of knitted fabric, yarn, and garments was HK$2,577,274, a decrease from HK$3,040,170 in the previous year, representing a decline of approximately 15.2%[41] - Retailing and distribution of casual apparel and accessories generated revenue of HK$819,841, up from HK$636, an increase of approximately 28.8%[41] - The "others" segment, which includes franchise services and property investment, reported a loss of HK$145,679 compared to a loss of HK$187,457 in the previous year, showing an improvement of approximately 22.3%[41] Cash Flow - Net cash flows from operating activities for the six months ended September 30, 2022, were HK$252,404,000, compared to HK$470,033,000 in 2021[27] - Cash and cash equivalents at the end of the period were HK$414,642,000, down from HK$1,568,683,000 in the previous year[27] - The company reported a net decrease in cash and cash equivalents of HK$1,118,518,000 for the financing activities[27] Employee and Management - The Group had approximately 10,903 employees at the end of the period, down from 12,489 employees[133] - Total compensation paid to key management personnel was HK$22,013, a decrease of 0.82% from HK$24,211 in the previous year[82] Corporate Governance - The Audit Committee consists of three independent non-executive directors and is responsible for reviewing financial reporting and internal controls[153] - The Audit Committee has reviewed the interim report and discussed risk management and internal controls with management[154] - The Company complied with all provisions of the Corporate Governance Code throughout the accounting period, except for the chairman's attendance at the annual general meeting, which was delegated to an executive director[155]

Financial Performance - The turnover for 2022 was HK$8,043 million, an increase of 9.4% from HK$7,352 million in 2021[8]. - Profit attributable to ordinary equity holders decreased to HK$191 million, down 30.3% from HK$274 million in 2021[8]. - Total equity increased slightly to HK$5,436 million from HK$5,400 million in 2021[8]. - Total assets rose to HK$8,978 million, compared to HK$8,740 million in 2021[8]. - EBITDA for the year was HK$671 million, down from HK$903 million in 2021[8]. - Basic earnings per share decreased to HK$13.8 cents from HK$19.8 cents in 2021[8]. - The Group's gross profit margin was 29.0%, a decrease of 2.0 percentage points from 31.0% in the previous year[14]. - Operating profit for 2022 was HK$564 million, slightly down from HK$567 million in 2021[19]. - Profit before tax decreased to HK$198,518,000 from HK$419,692,000 in the previous year, reflecting a decline of about 52.7%[60]. - Profit for the year attributable to ordinary equity holders of the Company was HK$191,064,000, down from HK$274,213,000 in 2021, a decrease of approximately 30.3%[60]. Dividends - Dividends per share increased to HK$18.0 cents, up from HK$15.0 cents in 2021[8]. - The dividend yield for 2022 was 12.3%, compared to 8.4% in 2021[8]. - A final dividend of HK10.0 cents per share was declared, maintaining the same level as in 2021, with a total dividend of HK18.0 cents for the year, an increase of 20.0% from HK15.0 cents in 2021[15]. - An interim dividend of HK8.0 cents per ordinary share was paid on January 14, 2022, with a recommended final dividend of HK10.0 cents per ordinary share[54]. Operational Highlights - The textile business turnover increased by 19.4% to HK$5,544 million, representing 68.9% of the Group's total revenue[16]. - Retail and distribution business sales were HK$2,496 million, down 7.7% from HK$2,705 million in 2021, accounting for 31.0% of total turnover[22]. - In Mainland China, net sales decreased by 11% to HK$1,936 million in 2022 from HK$2,184 million in 2021[31]. - The number of outlets in Mainland China decreased to 1,666 in 2022 from 2,026 in 2021[31]. - The Group's online e-commerce sales contributed to the retail and distribution business, resulting in satisfactory profitability during the year[51]. Challenges and Strategic Focus - The operating environment remained challenging due to the COVID-19 pandemic, impacting retail consumption in Mainland China and Hong Kong[12]. - The Group is focusing on cost reduction to enhance operating profitability amid rising energy and raw material prices due to high inflation[16]. - The Group has downsized its Mainland China operations until there are positive signs of economic recovery[12]. - The business environment remains challenging due to the ongoing COVID-19 pandemic and strict preventive measures affecting retail and distribution[51]. Financial Position and Ratios - The current ratio for 2022 was 2.1, a decrease from 2.2 in 2021[8]. - Return on total assets improved to 7.5% in 2022 from 6.1% in 2021[19]. - Return on equity increased to 11.4% in 2022 from 9.1% in 2021[19]. - The current ratio at year-end was 2.1, with total bank borrowings of HK$1,308 million and a gearing ratio of -0.2[36]. - The interest cover ratio was 7 times, down from 15 times in 2021, indicating a decrease in financial leverage[36]. Capital Expenditure - Capital expenditure for 2022 was HK$251 million, significantly higher than HK$126 million in 2021[19]. - Capital expenditure for 2022 was HK$300 million, an increase from HK$183 million in 2021, with HK$251 million allocated to the textile and garment business[36]. Environmental and Social Responsibility - The Group is committed to environmental sustainability, having established environmental and energy management systems in accordance with ISO 14001:2015 and ISO 50001:2011 standards[40]. - During the year ended March 31, 2022, the Group complied with applicable environmental protection laws regarding wastewater, greenhouse gas emissions, and solid waste from textile manufacturing operations[42]. - Charitable contributions made by the Group during the year totaled HK$521,000, a significant decrease from HK$2,465,000 in 2021[64]. Governance and Management - The Group's management team includes individuals with diverse backgrounds and significant industry experience, enhancing its operational capabilities[84]. - The Company has established three board committees: Audit, Remuneration, and Nomination, to oversee various aspects of governance[136]. - The Board is responsible for the Group's risk management and internal control systems, which are designed to mitigate inherent business risks to an acceptable level[167]. - The Company has adopted a whistleblowing policy to allow employees and stakeholders to report misconduct confidentially[177]. Shareholder Engagement - The Company ensures effective communication with shareholders through annual general meetings and corporate information dissemination[190]. - The AGM notice is distributed at least 20 business days prior, detailing proposed resolutions[192]. - Voting results from the AGM are posted on the Company's and Stock Exchange's websites on the same day[192]. - The Group emphasizes the importance of shareholder feedback to enhance transparency and investor relations[194].

TEXWINCA holdings limited Interim Report 中 期 報 告 2 0 2 1 德永佳集團有限公司 Stock Code 股份代號：321 CONTENTS 目錄 | --- | --- | --- | |-------|----------------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | Financial Information | 財務資料 | | 04 | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | | 05 | Condensed Consolidated Statement of Comprehensive Income | 簡明綜合全面收入表 | | 06 | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 ...

TEXWINCA holdings limited ＡＮＮＵＡＬ ＲＥＰＯＲＴ ２０２１年報 Contents 目錄 | --- | --- | --- | |-------|------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | 04 Financial and Operational Highlights | 財務與業務摘要 | | | 06 Chairman's Statement | 主席報告書 | | | 07 Management's Discussion and Analysis | 管理層之論述及分析 | | | 14 Report of the Directors | 董事會報告 | | | 24 Corporate Governance Report | 企業管治報告 | | | 38 Independent Auditor's Report | 獨立核數師報告 | | | Audited Financia ...

TEXWINCA holdings limited INTERIM REPORT 中 期 報 告 2020 德永佳集團有限公司 Stock Code 股份代號：321 CONTENTS 目錄 | --- | --- | --- | |-------|----------------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | Financial Information | 財務資料 | | 04 | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | | 05 | Condensed Consolidated Statement of Comprehensive Income | 簡明綜合全面收入表 | | 06 | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 | | ...

TEXWINCA holdings limited ＡＮＮＵＡＬ ＲＥＰＯＲＴ ２０２０年報 德永佳集團有限公司 Stock Code 股份代號：321 Contents 目錄 | --- | --- | --- | |-------|------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | 04 Financial and Operational Highlights | 財務與業務摘要 | | | 06 Chairman's Statement | 主席報告書 | | | 07 Management's Discussion and Analysis | 管理層之論述及分析 | | | 14 Report of the Directors | 董事會報告 | | | 24 Corporate Governance Report | 企業管治報告 | | | 38 Independent Auditor's Report | ...

TEXWINCA holdings limited INTERIM REPORT 中 期 報 告 2 0 1 9 德永佳集團有限公司 Stock Code 股份代號：321 CONTENTS 目錄 | --- | --- | --- | |-------|----------------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | Financial Information | 財務資料 | | 04 | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | | 05 | Condensed Consolidated Statement of Comprehensive Income | 簡明綜合全面收入表 | | 06 | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 ...

TEXWINCA holdings limited ＡＮＮＵＡＬ ＲＥＰＯＲＴ ２０１９ 年 報 德永佳集團有限公司 Stock Code 股份代號：321 Contents 目錄 | --- | --- | --- | |-------|------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | 04 Financial and Operational Highlights | 財務與業務摘要 | | | 06 Chairman's Statement | 主席報告書 | | | 07 Management's Discussion and Analysis | 管理層之論述及分析 | | | 14 Report of the Directors | 董事會報告 | | | 24 Corporate Governance Report | 企業管治報告 | | | 38 Independent Auditor's Report ...