Financial Performance - Profit attributable to owners of the Company reached HK$406,280,000, representing a 34% increase[7] - Revenue for the year was HK$17,805,397,000, reflecting a 65% growth[7] - Earnings per share increased by 35% to HK$0.728[8] - The total dividend for the year was HK$0.40, an 82% increase compared to the previous year[8] - Sales volume was 1,559,000 metric tons, marking a 5% increase[8] - The Group's sales revenue reached HK$17.8 billion, representing a substantial growth of 65% year-on-year[40] - Profit attributable to owners was HK$406 million, reflecting a growth of 34% year-on-year[40] - The Group's total sales revenue reached HK$17.8 billion, an increase of 65% year-on-year, with a sales volume of 1.56 million metric tons, up by 5%[51] - The solvents business achieved a record operating profit of HK$830 million, representing a growth of 76% year-on-year, benefiting from rising raw material prices and strong export growth[51] - Overall sales in the inks segment grew by 20% year-on-year to almost HK$1.5 billion, while operating profits fell by 22% to HK$47 million due to mismatched product price adjustments and raw material cost increases[59] - The lubricants business achieved a 51% increase in sales revenue to HK$330 million, with a gross profit margin of 24.4% and operating profit of HK$20 million, up 160% from the previous year[61] - The total segment results for the year were HK$809.3 million, an increase from HK$579.5 million in 2020, indicating overall improved profitability[169] Dividends and Shareholder Returns - The company celebrated its 50th anniversary with a special dividend of HK$0.10 per share[8] - The Board recommended a final dividend of HK$0.18 per share, totaling HK$0.40 per share for the year, an increase of 82% from HK$0.22 per share in 2020 (36% increase excluding special dividend)[42] - The company offered a special dividend of HK10.0 cents per share in 2021, with a scrip dividend alternative provided for the interim and special dividends[131] Gearing and Financial Ratios - The gearing ratio improved to 36.6%, a decrease of 5.5 percentage points[8] - The Group maintained a satisfactory gearing ratio of 36.6%, which increased by 5.5 percentage points from the previous year[40] - As of December 31, 2021, the Group's gearing ratio was 36.6%, an increase of 5.5 percentage points from 31.1% in 2020, but a decrease of 15.1 percentage points from 51.7% at interim 2021[192] - The net bank borrowings to shareholders' funds ratio was 37% in 2021, an increase from 31% in 2020[132] Market Conditions and Challenges - The global supply chain was disrupted due to the pandemic, affecting raw material prices which surged at the beginning of the year and remained high throughout[40] - The Group's core businesses faced varying performance due to different market conditions and competition, leading to unprecedented disparities[40] - The Group's coatings-related business was impacted by the debt defaults of medium and large property developers in Mainland China[40] - The outlook for the global economy is uncertain due to geopolitical tensions, with raw material prices expected to remain high throughout 2022[42] - The coatings business has been negatively impacted by the Mainland's real estate crisis and is focusing on strong brands and products to enhance long-term profitability[64] Strategic Initiatives and Future Plans - The company is focused on enhancing shareholder returns and developing next-generation products[4] - Future strategies include market expansion and continued investment in research and development[4] - The Group plans to spin off a mature subsidiary for separate listing to maximize shareholder value and explore business diversification[46] - The management team plans to double the sales of water-based products in 2022, focusing on R&D and recruitment of experts in the inks business[61] - The coatings business will focus on expanding the retail network for water-based products and enhancing industrial coatings and resin business[59] - The Group is expanding its acetate solvents capacity to maintain a competitive edge and is developing new related products to enhance its product portfolio[99] Operational Efficiency and Management - The marketing committee has improved operational efficiency, particularly in export coordination, leading to significant benefits for the business[56] - The management team is optimizing operations to reduce supply chain and sales expenses, aiming to improve operating profit[59] - The Tongxiang plant completed the automation and digitization of new production lines, which will support sales growth and serve as a model for other plants[61] Environmental and Sustainability Efforts - The inks division promotes green technology and has achieved industry-leading levels in environmental protection and product quality assurance[113] - The company reduced volatile organic compounds (VOC) emissions during production and developed water-based inks, earning the "Corporate Environmental Leadership Awards"[116] - The Group signed a four-year sustainability-linked syndicated loan facility agreement of HK$600,000,000 with six banks in 2021, achieving certain pre-determined environmental, social, and governance performance targets[197]

Financial Performance - Revenue for the six-month period ended June 30, 2021, reached HK$8,453,208,000, representing a year-on-year increase of approximately 89%[6] - Profit attributable to owners of the Company was HK$299,824,000, a significant increase of 410% compared to the same period last year[6] - Sales volume increased to 767,000 metric tons, reflecting a growth of 16% year-on-year[6] - Earnings per share rose to HK$0.539, marking an increase of 418% compared to the previous year[7] - The Group recorded a sales revenue of HK$8.45 billion, increasing by nearly 90% year-on-year, with a sales volume of 767,000 metric tons, up 16% from the previous year[16] - Profit attributable to owners surged by 410% to approximately HK$300 million, driven by a record operating profit of HK$436 million in the solvents business, which increased by 190% year-on-year[24] - Gross profit for the same period was HK$1,099,345,000, up 68.8% from HK$650,854,000 year-on-year[117] - Profit before taxation increased significantly to HK$477,036,000, compared to HK$132,888,000 in the previous year, marking a 258.5% rise[117] - Total comprehensive income for the period was HK$438,439,000, a notable increase from HK$1,104,000 in the previous year[118] Dividends - The Company declared an interim dividend of HK$0.12 per share, doubling the previous year's dividend of HK$0.06[14] - A special dividend of HK$0.10 per share was also announced to celebrate the Company's 50th anniversary[14] - The total dividend declared is HK$22 cents per share, including an interim dividend of HK$0.12 and a special dividend of HK$0.10, doubling last year's interim dividend[16] - The company will provide a scrip dividend alternative for shareholders to receive dividends in the form of shares instead of cash[84] - A circular with details of the scrip dividend scheme will be sent to eligible shareholders on or around September 14, 2021[84] Business Segments - The solvents business demonstrated strong performance, fully offsetting negative impacts from other segments such as coatings[13] - The solvents business achieved a sales revenue of HK$6.63 billion, up 106% year-on-year, with sales volume increasing by approximately 70,000 metric tons to 610,000 metric tons[27] - Coatings business sales revenue reached HK$980 million, a growth of 56% compared to the same period last year, with a gross profit margin of 23.5%[32] - Lubricants sales revenue grew 132% year-on-year to HK$190 million, with operating profit turning around to HK$11.3 million from a loss of HK$9.3 million in the previous year[34][36] - The segment revenue breakdown includes solvents at HK$6,630,281,000, coatings at HK$978,604,000, inks at HK$682,829,000, lubricants at HK$188,502,000, and properties at HK$4,914,000[170] Gearing and Borrowings - The gearing ratio stood at 51.7%, an increase of 22.5 percentage points from the previous year[6] - The gearing ratio rose to 51.7%, an increase of 22.5 percentage points year-on-year, primarily due to an investment of approximately HK$140 million in a new plant in Zhuhai[16] - Gross bank borrowings amounted to HK$2,251,721,000, an increase from HK$1,624,487,000 as of December 31, 2020[48] - Net bank borrowings reached HK$1,887,102,000, compared to HK$1,059,185,000 at the end of 2020[48] - The Group entered into a four-year sustainability-linked loan agreement for HK$600,000,000 with six banks, allowing for interest rate discounts upon meeting ESG performance targets[48] Cash Flow and Assets - The Group recorded a net cash outflow of HK$394,198,000 for the period, contrasting with a net cash inflow of HK$251,760,000 in the same period last year[46] - Cash and bank balances decreased to HK$357,175 from HK$530,408 as of December 31, 2020[121] - The company reported a net cash used in operating activities of HK$394,198,000 for the six months ended June 30, 2021, compared to a net cash generated of HK$251,760,000 in the same period of 2020[136] - The company experienced a net cash outflow of HK$327,295,000 from financing activities during the six months ended June 30, 2021[136] Management and Governance - The Company has complied with the Corporate Governance Code except for the absence of a nomination committee during the six months ended 30 June 2021[97] - The Audit Committee reviewed the Group's unaudited interim financial statements for the six months ended 30 June 2021 on 16 August 2021[100] - The Group aims for sustainable development with a vision of becoming a respected century-old corporation[105] - The Group emphasizes the management and development of human capital, providing training programs and educational subsidies to enhance employee skills[52] Market Performance - Revenue from the PRC market was HK$6,178,810,000, up from HK$3,611,626,000 in 2020, indicating a growth of about 71.5%[158] - Revenue from Hong Kong and overseas markets totaled HK$2,238,080,000, compared to HK$822,213,000 in 2020, reflecting an increase of approximately 172.0%[158] - The Group's performance in the first half of 2021 demonstrates strong recovery and growth compared to the previous year, driven by increased demand in key markets[158] Employee Information - The Group employs a total of 3,393 employees, with 83 from Hong Kong, 3,303 from Mainland China, and 7 from Vietnam as of June 30, 2021[51] - The Group regularly reviews its remuneration and reward policy to ensure competitive compensation and benefits for employees[52] Shareholder Information - Mr. Ip Chi Shing holds a total of 188,624,532 shares, representing 34.06% of the company's share capital as of June 30, 2021[59] - The company has no other interests or short positions in the securities of any associated corporations as of June 30, 2021[69] - The company repurchased a total of 2,780,000 shares at an aggregate consideration of HK$10,309,040, which were subsequently cancelled[88] Future Outlook - The management is cautiously optimistic about the second half of 2021, expecting a slight drop in raw material prices and a more balanced performance across business segments[17] - The management anticipates that the profitability of the solvents business will be affected in the second half of 2021 due to a drop in selling prices, while coatings and inks businesses are expected to benefit[40][41]

Financial Performance - The company's revenue for the year was HK$10,776,026,000, representing a 3% increase compared to the previous year[9]. - Profit attributable to owners of the company was HK$302,575,000, reflecting an 11% increase year-on-year[8]. - Earnings per share for the year stood at HK$0.538, which is an 11% increase from the prior year[9]. - The sales volume reached 1,490,000 metric tons, marking an 8% increase compared to the previous year[9]. - The gearing ratio was reported at 31.1%, an increase of 1.9 percentage points from the previous year[9]. - The company declared a dividend of HK$0.22 per share, which is a 10% increase from the previous year[9]. - Operating profit was HK$580 million, showing a marginal increase of 0.8% compared to the previous year[44]. - Profit attributable to owners of the Company increased by 11% to HK$303 million, marking the second-highest audited profit in the Group's history[44]. - The Group's net profit, excluding one-off items, surged by more than 50%[44]. - The Group's gearing ratio improved to 31.1%, a decrease of 1.9 percentage points year-on-year[46]. - Revenue for 2020 was HK$10,776,026, an increase of 2.9% from HK$10,464,834 in 2019[136]. - Profit for the year attributable to owners of the Company was HK$302,575, representing a 10.9% increase from HK$272,907 in 2019[132]. - Basic and diluted earnings per share increased to 53.8 HK cents, up from 48.4 HK cents in 2019[134]. - The total assets increased to HK$8,439,363, a rise of 8.8% from HK$7,752,659 in 2019[136]. - The equity attributable to owners of the Company rose to HK$3,405,924, an increase of 15.7% from HK$2,941,479 in 2019[135]. Business Strategy and Development - The company aims to develop next-generation products and enhance shareholder returns as part of its corporate vision[3]. - The company is focused on building value-added brands and expanding its market presence[3]. - The management is committed to continuous improvement and innovation in its core businesses[3]. - A new Strategic Investment Department was established to focus on opportunities in environmental protection, new energy, and new materials[28]. - The Group's strategy includes "global sourcing" of raw materials and "global selling" of products to enhance operational efficiency[52]. - The Group aims to inject new projects into the solvents business to drive profit growth in the upcoming year[52]. - The Group aims to advance the separate listing of the inks business as part of its key objectives for the year[63]. Market Performance and Segments - The solvents segment achieved significant performance, reaching new heights during the year[29]. - The solvents business achieved sales volume of 1.22 million metric tons and sales revenue of HK$7.87 billion, representing year-on-year growth of 8.5% and 6.3% respectively[49]. - The coatings business recorded sales revenue of HK$1.44 billion in 2020, a decline of 10.4% compared to the previous year due to pandemic-related impacts[52]. - The lubricants business achieved an 8.0% increase in sales revenue to HK$220 million, with operating profit growing by 17.9% to HK$7.59 million[58]. - The inks segment reported revenue of HK$60,767,000, down from HK$78,616,000 in 2019, representing a decrease of 22.7%[152]. - The lubricants segment saw revenue increase to HK$7,593,000 from HK$6,441,000, marking a growth of 17.8%[152]. - The properties segment revenue dropped significantly to HK$981,000 from HK$140,272,000 in 2019, a decline of 99.3%[152]. Corporate Social Responsibility - The company emphasizes corporate social responsibility and cooperation with all stakeholders[3]. - The Group donated over 230 tonnes of antiseptic alcohol to various local governments and organizations in Mainland China during the COVID-19 pandemic[178]. - In Hong Kong, the Group's sanitizing brand EUCA has donated over 15,000 bottles of sanitizers to safeguard public health since its launch in 2020[178]. - The Group's community initiatives include renovating homes for families in need, showcasing its commitment to social responsibility[181]. Management and Governance - Mr. Ip Chi Shing, aged 73, is the Chairman and Co-founder of the Group, focusing on long-term development strategy and human resources planning[190]. - Mr. Yip Tsz Hin, aged 62, has over 40 years of experience in manufacturing and trading petrochemical products, serving as the Chief Executive Officer of the Group[190]. - Mr. Ho Sai Hou, aged 54, is the Chief Financial Officer with over 20 years of experience in accounting, finance, and taxation, holding a Bachelor's degree in Accounting from The University of Hong Kong[195]. - Mr. Wong Yuk, aged 57, has over 30 years of experience in the petrochemical industry, previously serving as Managing Director of Methanex's China Strategy and Investment[196]. - Mr. Ho Sai Hou completed his EMBA in 2007 from The China Europe International Business School, enhancing his financial expertise[195]. - Mr. Ip Kwan, aged 38, joined the Group in 2007 and has held various leadership roles, contributing to corporate development[190]. - Mr. Wong Yuk transitioned to an Independent Non-executive Director in early 2021, reflecting a shift in governance structure[196]. Employee Development and Culture - The Group emphasizes the management and development of human capital, providing educational subsidy programs for employees to enhance their skills and performance[186]. - The Group offers a challenging work environment with various incentive programs to enhance employee competitiveness and drive business development[186]. - The Group regularly reviews its remuneration and reward policies to ensure competitive compensation and benefits for its employees[186]. - The Group's management team has risen through the ranks, ensuring leadership in the development of the Group[186].

Financial Performance - For the six-month period ended June 30, 2020, the Group recorded sales revenue of HK$4.47 billion, a decrease of 9.6% compared to the same period last year[9]. - Profit attributable to owners of the Company for the period was HK$58.8 million, representing a decline of 33.5% year-on-year[9]. - Overall sales volume reached 662,000 metric tons, a growth of 5.4% compared to the same period last year, while sales revenue fell 9.6% year-on-year to approximately HK$4.47 billion due to a drop in raw material prices and product selling prices of solvents[20]. - The overall gross profit margin increased by 0.8 percentage points to 14.6% year-on-year[20]. - Coatings business sales revenue dropped to approximately HK$629 million, a decline of 22.7% year-on-year due to pandemic impacts on construction projects and retail operations[27]. - Inks business sales revenue was approximately HK$525 million, representing a year-on-year decline of 12.0%, with operating profit decreasing by 61.3% to approximately HK$17 million[28]. - Lubricants business sales revenue was approximately HK$81.4 million, down 25.0% year-on-year, with an operating loss of approximately HK$9.3 million compared to an operating profit of HK$6.8 million in the previous year[30]. - The profit for the period attributable to owners of the Company was HK$58,803, down from HK$88,388, representing a decrease of 33.5%[95]. - Total comprehensive income for the period was HK$1,104, significantly lower than HK$108,397 in the prior year[95]. Dividends and Shareholder Returns - An interim dividend of HK$0.06 per share was declared, down from HK$0.07 per share in the same period last year[10]. - The interim dividend declared for the six months ended June 30, 2020, is HK6 cents per share, down from HK7 cents per share for the same period in 2019[78]. - The interim dividend will be payable on or about October 8, 2020, to shareholders on the register as of September 18, 2020[79]. Operational Developments - The Group donated over 230 metric tons of antiseptic alcohol valued at approximately RMB1.8 million during the COVID-19 pandemic[9]. - The corporate restructuring for the spin-off and separate listing of the Group's inks business incurred one-off expenditures totaling HK$21 million[9]. - The new plant in Southern China is progressing well, with land purchase completed and expected to be operational by the end of next year[25]. - The Group is focusing on expanding its distribution channels for lubricants and leveraging price advantages to capture market share[30]. - The Group has increased its stake in Damai to 61%, becoming the largest controlling shareholder, to support the expansion of car maintenance services across China[30]. Financial Position and Liquidity - The Group's gearing ratio improved to 29.2%, down from 47.6% in the same period last year[10]. - The Group recorded a net cash inflow of HK$251,760,000 for the first half of 2020, compared to HK$94,385,000 in the same period of 2019, indicating a substantial increase in operating cash flow[42]. - The Group's total bank borrowings amounted to HK$1,695,525,000 as of June 30, 2020, down from HK$1,979,400,000 at the end of 2019[42]. - The Group's total assets less current liabilities amounted to HK$2,121,111, a decrease from HK$2,245,672 as of December 31, 2019, representing a decline of approximately 5.5%[99]. - The equity attributable to owners of the Company was HK$2,854,008, down from HK$2,941,479, indicating a decrease of about 3%[99]. Risk Management and Challenges - The company acknowledges the ongoing challenges posed by the COVID-19 pandemic and geopolitical tensions, impacting business prospects[13]. - The Group's overall credit status remained good, with bad debts under control[10]. - The management is committed to pursuing quality growth and adopting ambitious yet prudent strategies to enhance value for the Group and its shareholders[37]. - The Group implemented various remedial measures to mitigate the impact of COVID-19 on its operations[9]. Corporate Governance and Compliance - The audit committee comprises three independent non-executive directors and one non-executive director as of 30 June 2020[82]. - The company has complied with the Corporate Governance Code during the six months ended 30 June 2020[82]. - The Group aims for sustainable development with a vision of becoming a respected century-old corporation[82]. - The company has adopted the Model Code for Securities Transactions by Directors and all directors confirmed compliance during the six months ended 30 June 2020[82]. Segment Performance - The solvents segment saw a sales volume growth of 7.5% to approximately 540,000 metric tons, with operating profit increasing by 47.3% year-on-year to approximately HK$151 million[20]. - The solvents segment generated revenue of HK$3,187,851,000, while the coatings segment contributed HK$628,603,000[150]. - The inks segment reported revenue of HK$524,949,000, and lubricants generated HK$81,152,000[150]. Share Options and Ownership - The total number of share options outstanding as of January 1, 2020, is not specified in the provided documents[60]. - The New Share Option Scheme was approved on May 25, 2012, and will expire on May 24, 2022, replacing the Old Share Option Scheme[62]. - As of June 30, 2020, the total outstanding share options for eligible persons was 3,340,000 after accounting for 220,000 options that lapsed[64].

葉氏化工集團有限公司 Yip's Chemical Holdings Limited 股份代號 Stock Code: 408 Annual Report 年報 2019 CHANGE, INNOVATE, ACT 變、創、做 集團宏圖 CORPORATE VISION Undertake Corporate Social Responsibility 肩承 社會責任 Develop Next-generation Products 研發 超前產品 Build Value-added Brands 創建 Enhance Shareholder 增值品牌 Returns 增進 股東回報 Thirst for Talents 渴才 Undivided Focus on Core Businesses Respect for and 專注 Cooperation with All Stakeholders 人和 百年葉氏 引以為傲 備受尊崇 Towards a Century of Revered Leadership 目錄 CONTENTS | --- | --- | --- | --- | |--------- ...

葉氏化工 YIP'SCHEMICAL 葉氏化工集團有限公司 Yip's Chemical Holdings Limited 於関曼群島註冊成立之有限公司 Incorporated in the Cayman Islands with limited liability 股份代號 Stock Code: 408 user Or Innovating for a Brighter Future 勇於創新 119 Interim Report 中 期 業 績 報 告 服務化 Service Oriente 集團宏圖 CORPORATE VISION 渴才 Thirst for Talents 人和 專注 Respect for and Cooperation with All Undivided Focus on Stakeholders Core Businesses 引以為傲 伸 研發 超前產品 Towards a Century of Undertake Corporate Develop Social Responsibility Revered Leadership Next-generation Pro ...

葉氏化工集團有限公司 Yip's Chemical Holdings Limited 於開曼群島註冊成立之有限公司 Incorporated in the Cayman Islands with limited liability 股份代號 Stock Code: 408 服務化 Innovating for a Brighter Future 勇於創新 2018 Annual Report 年報 目錄 CONTENTS | --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|--------------------------------------------------------------------------------|-------| | 二零一八年回顧 - 2018 Review \n概要 Highlights \n公司資料 Corporate Information | 2 \n4 | | | | 主 ...