Financial Performance - The group's sales for the first half of 2019 were HKD 379,751,000, a decrease of 11.7% compared to HKD 430,297,000 in the same period last year[7]. - Gross profit was HKD 68,163,000, slightly down by 0.2% from HKD 68,275,000, with a gross margin increase to 17.9% from 15.9% year-on-year[7]. - The group's attributable loss for the first half of 2019 was HKD 6,241,000, compared to a profit of HKD 17,243,000 in the same period last year[17]. - The company reported a revenue of HKD 379,751,000 for the six months ended June 30, 2019, a decrease of 11.8% compared to HKD 430,297,000 in the same period of 2018[53]. - The company incurred an operating loss of HKD 68,296,000, compared to an operating profit of HKD 11,920,000 in the previous year, reflecting a significant decline in operational performance[53]. - The net loss attributable to the company's owners was HKD 6,241,000, a sharp decline from a profit of HKD 17,243,000 in the prior year[53]. - The group reported a loss of HKD 6,868,000 for the period, compared to a profit of HKD 17,875,000 in the previous year, indicating a significant downturn in profitability[117]. - Total comprehensive loss for the period was HKD 18,332,000, down from a total comprehensive income of HKD 24,522,000 in the previous year[59]. Sales and Contracts - Total contracts signed in the first half of 2019 amounted to HKD 312,289,000, a decrease of 34.0% from HKD 473,069,000 in the previous year[7]. - The company reported a significant increase in sales from its sheet metal machinery business, attributed to several infrastructure projects in China[28]. - The company anticipates that certain industries, such as electric vehicles, 5G equipment, and mobile phones, will provide new business opportunities despite current market challenges[28]. Expenses and Costs - Operating expenses increased, with selling and distribution costs rising by 17.8% to HKD 16,900,000, and administrative expenses up 35.3% to HKD 68,296,000[11]. - The cost of goods sold for the six months ended June 30, 2019, was HKD 309,685,000, down from HKD 359,129,000 in 2018, representing a decrease of approximately 13.8%[147]. - The company's employee benefit expenses, including directors' remuneration, rose to HKD 41,183,000 in the first half of 2019, up from HKD 31,973,000 in 2018, marking an increase of about 28.8%[147]. Financial Position - Total assets as of June 30, 2019, were HKD 905,362,000, down from HKD 932,693,000 at the end of 2018, indicating a decrease of 2.9%[49]. - The company's total liabilities decreased slightly to HKD 484,028,000 from HKD 487,275,000, showing a reduction of 0.5%[51]. - Cash balance as of June 30, 2019, was HKD 54,216,000, compared to HKD 52,874,000 at the end of 2018, indicating a stable cash position[24]. - The company's capital expenditure for the first half of 2019 totaled HKD 116,000, a significant decrease from HKD 4,071,000 in the same period of 2018, indicating a reduction in investment activities[34]. - The company’s total equity attributable to owners decreased to HKD 421,022,000 from HKD 445,418,000 in the previous year[61]. Financing and Debt - The net financing cost was HKD 3,175,000, up from HKD 2,057,000 in the previous year, with financing costs increasing by 38.9% to HKD 3,973,000[13]. - As of June 30, 2019, the company's net debt-to-equity ratio was approximately 40.4%, up from 33.8% on December 31, 2018, indicating a higher level of borrowing compared to equity[25]. - The total bank financing available to the company as of June 30, 2019, was approximately HKD 737,916,000, with HKD 262,297,000 utilized, reflecting a reliance on bank loans for operational funding[27]. Dividends and Shareholder Returns - The group did not declare any interim dividend for the first half of 2019, compared to HKD 0.03 per share in the same period last year[19]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2019, compared to an interim dividend of HKD 6,902,000 in 2018[158]. Employee and Workforce - As of June 30, 2019, the company employed 346 staff, an increase from 328 employees at the end of 2018, reflecting a slight growth in workforce[30]. - Management personnel compensation for the six months ended June 30, 2019, was HKD 4,337,000, an increase from HKD 4,161,000 in the same period of 2018[164]. Accounting and Compliance - The group has adopted various new and revised standards effective from January 1, 2019, including HKFRS 16 related to leases[74]. - The financial statements have been prepared on a going concern basis, reflecting the board's confidence in the group's financial resources[71]. - The group has implemented new accounting policies consistent with the previous fiscal year, with no significant impact from other new standards adopted[73]. Risks and Liabilities - The company faces various financial risks, including market risk, credit risk, and liquidity risk, which are detailed in the financial risk management section[95]. - The company has total contingent liabilities of HKD 5,706,000 related to guarantees provided to customers, up from HKD 4,631,000 as of December 31, 2018[34]. - The company has outstanding foreign currency forward contracts totaling HKD 25,574,000, aimed at mitigating exchange rate risks associated with its sales and purchases[36].

Leep 力 豐 （集 團）有 限 公 司 LEEPORT (HOLDINGS) LIMITED (於百慕 達 註 冊 成 立 之 有 限 公 司) (股份代號：0387) | --- | --- | --- | --- | --- | |-------|-------|-------|-------------------|-------| | | | | | | | | | | 動化 ffu 工業 4.0 | | | | | | | | 2018 年報 目錄 頁次 公司資料2 主席報告3 管理層討論及分析8 董事及高級管理層履歷 12 董事會報告書 15 企業管治報告書 25 環境、社會及管治報告 34 獨立核數師報告 40 經審核財務報表 綜合資產負債表 46 綜合收益表 48 綜合全面收益表 49 綜合權益變動表 50 綜合現金流量表 52 綜合財務報表附註 53 五年財務摘要 142 1 力豐（集團）有限公司 二零一八年年報 公司資料 董事 主要往來銀行 執行董事 渣打銀行（香港）有限公司 李修良先生（主席兼集團行政總裁） 創興銀行有限公司 初維民先生 法國巴黎銀行，香港分行 陳正煊先生 比利時聯合 ...