Financial Performance - ASMPT Limited reported sales revenue of HKD 10.47 billion (USD 1.34 billion) for the first half of 2022, an increase of 10.1% year-on-year, but a decrease of 15.8% compared to the previous half[9]. - The group achieved a net profit of HKD 1.73 billion for the first half of 2022, representing a year-on-year increase of 37.6%, while it decreased by 9.4% compared to the previous half[9]. - Basic earnings per share for the first half of 2022 were HKD 4.21, up 38.0% year-on-year, but down 9.9% from the previous half[9]. - The total new orders amounted to HKD 11.69 billion (USD 1.50 billion) for the first half of 2022, a decrease of 22.8% year-on-year, but an increase of 6.6% compared to the previous half[6]. - The gross profit margin for the first half of 2022 was 41.2%, an increase of 104 basis points year-on-year[6]. - The group recorded strong sales revenue of $1.34 billion in the first half of 2022, representing a year-on-year growth of 10.1%[12]. - The group's sales revenue reached HKD 10.47 billion (USD 1.34 billion), marking a year-on-year growth of 10.1%, but a quarter-on-quarter decline of 15.8% due to a high base effect[23]. - The group's net profit for the first half of 2022 was HKD 1.73 billion ($0.22 billion), a year-on-year increase of 37.6%[20]. - The profit before tax for the six months was HKD 2,214,044 thousand, a significant increase of 36.9% compared to HKD 1,616,696 thousand in 2021[45]. - The total comprehensive income for the period was HKD 1,177,123 thousand, slightly up from HKD 1,122,878 thousand in 2021[46]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 1.30 per share, consistent with the previous year[10]. - The board announced an interim dividend of HKD 1.30 per share for the first half of 2022, maintaining the same level as the previous year[38]. - The total dividend declared for the year-end 2021 was HKD 1,073,034,000, an increase of 30.7% from HKD 821,592,000 in 2020[79]. - Dividend payments amounted to HKD 1,073,034, up from HKD 821,592 in the prior year, reflecting a year-over-year increase of approximately 31%[55]. Market Segments and Growth - The automotive segment generated approximately $270 million in sales, accounting for about 20% of total sales revenue, with a projected market size of $2.9 billion by 2026 and a CAGR of 9% from 2021 to 2026[13]. - Advanced packaging (AP) sales reached approximately $235 million, representing 18% of total sales revenue, with a potential market value of $2.7 billion by 2026 and a CAGR of 11%[13]. - The automotive market accounted for approximately 20% of total sales revenue, with a remarkable year-on-year growth of nearly 60%[23]. - The group is expanding into the memory market, achieving strategic breakthroughs with its mainstream wire bonding machines and AP tools to meet high-volume production needs[18]. Research and Development - Research and development expenses for the first half of 2022 were HKD 1.00 billion, compared to HKD 890 million in the same period last year[7]. - The group invested 9.6% of its equipment business sales revenue (HKD 1 billion) in R&D for the six months ending June 30, 2022, and holds over 1,600 leading-edge technology patents[35]. Cash Flow and Financial Position - The group's cash and bank deposits at the end of H1 2022 amounted to HKD 4.76 billion, an increase from HKD 4.10 billion at the end of H1 2021[24]. - The company reported a cash balance of HKD 4,583,497, a slight decrease from HKD 4,681,090, indicating a decline of about 2.1%[47]. - The company reported a net cash outflow from investing activities of HKD 387,240, significantly higher than HKD 90,616 in the previous year[55]. - The company’s total equity as of June 30, 2022, was HKD 13,550,861, compared to HKD 13,520,534 at the end of the previous year[53]. Acquisitions and Investments - The acquisition of Automation Engineering, Inc. was completed on February 1, 2022, for a purchase price of USD 28,107,000 (approximately HKD 219,178,000)[104]. - The net cash outflow from the acquisition amounted to HKD 178,808,000 after accounting for cash acquired[105]. - AEi contributed a loss of HKD 6,502,000 to the group's performance for the six months ending June 30, 2022, with sales revenue from AEi amounting to HKD 61,651,000 during the same period[111]. Compliance and Governance - The company has adopted the corporate governance code and confirmed compliance with all relevant provisions during the six months ended June 30, 2022[130]. - The audit committee consists of three independent non-executive directors and one non-executive director with extensive experience in audit, legal, and regulatory matters[131]. Future Outlook - The forecast for sales revenue in the third quarter of 2022 is expected to be between USD 560 million and USD 630 million[6]. - Future outlook indicates continued market expansion and potential new product developments[49].

Financial Performance - Revenue for the first quarter was HKD 52.7 billion (USD 6.75 billion), representing a year-on-year increase of 21.5% but a quarter-on-quarter decrease of 15.1%[10]. - Net profit for the first quarter was HKD 8.30 billion, a 57.1% increase year-on-year but a decrease of 8.9% quarter-on-quarter[10]. - The group's revenue reached HKD 5.27 billion (USD 675 million), achieving the high end of revenue forecasts, with a quarterly decline of 15.1% but an annual increase of 21.5%[12]. - The total comprehensive income for the period was HKD 832 million, compared to HKD 964 million in the previous quarter[21]. - The total revenue for the period was HKD 5.27 billion, compared to HKD 6.20 billion in the previous quarter and HKD 4.34 billion in the same period last year[44]. Orders and Backlog - The total new orders reached HKD 7.04 billion (USD 903 million), up 34.2% quarter-on-quarter but down 10.0% year-on-year[10]. - The group held a substantial backlog of unfulfilled orders totaling HKD 11.89 billion (USD 1.52 billion), with an order-to-delivery ratio of 1.34[12]. - The total new orders amounted to HKD 7.04 billion (USD 903 million), reflecting a year-on-year decrease of 10.0% due to a high base effect from the previous year, while quarterly growth was 34.2%[12]. - The total new orders for the segment amounted to HKD 4.12 billion (USD 527 million), representing a year-on-year decline of 22.5% but a quarter-on-quarter increase of 47.7%[41]. Profitability Metrics - Gross margin was 40.6%, an increase of 107 basis points year-on-year but a decrease of 69 basis points quarter-on-quarter[10]. - Operating profit margin was 19.1%, up 361 basis points year-on-year but down 97 basis points quarter-on-quarter[10]. - The gross profit margin for the first quarter was 40.6%, reflecting an increase of 107 basis points year-on-year[28]. - The operating profit margin improved to 19.1%, an increase of 361 basis points year-on-year, supported by record revenue in the first quarter[12]. - The segment's gross profit margin was 44.7%, increasing by 68 basis points year-on-year and 103 basis points quarter-on-quarter, primarily due to a better product mix[41]. Segment Performance - The semiconductor solutions segment recorded revenue of HKD 2.94 billion (USD 377 million), accounting for 55.9% of total group revenue, with an annual growth of 8.8% but a quarterly decline of 28.2%[14]. - The SMT solutions segment achieved revenue of HKD 2.32 billion (USD 298 million), representing a significant annual increase of 42.4% and a quarterly increase of 10.5%[16]. - The automotive solutions segment saw a quarter-on-quarter increase of approximately 49% in new orders, driven by the global trend towards automotive electrification[8]. - The semiconductor solutions segment generated revenue of HKD 2.94 billion ($377 million), accounting for 55.9% of total revenue, with a year-over-year growth of 8.8%[40]. - The segment's revenue was HKD 2.32 billion (USD 298 million), accounting for 44.1% of the group's total revenue, with year-on-year and quarter-on-quarter growth of 42.4% and 10.5%, respectively[42]. Future Outlook - The second quarter revenue forecast is expected to be between USD 670 million and USD 740 million, indicating a year-on-year and quarter-on-quarter increase of 5.8% and 4.5% respectively[2]. - The company is confident in capturing a high market share in the projected $2.7 billion advanced packaging market by 2026[33]. - The group expects revenue for Q2 2022 to be between USD 670 million and USD 740 million, representing year-on-year and quarter-on-quarter increases of 5.8% and 4.5%, respectively[43]. - The company plans to continue focusing on expanding its market presence and investing in new technologies to drive future growth[50]. Cash Position - The group maintains a strong cash position with total cash and bank deposits of HKD 4.55 billion, while bank borrowings decreased to HKD 2.45 billion, resulting in a net cash position of HKD 2.1 billion[12]. - The company maintained a strong cash position with total cash and bank deposits of HKD 4.55 billion, resulting in a net cash position of HKD 2.1 billion[38].

Financial Performance - For the fiscal year 2021, ASM Pacific Technology reported a record profit of HKD 3.18 billion, representing a year-on-year increase of 398.8%[9]. - Revenue from continuing operations for 2021 was HKD 21.95 billion, compared to HKD 14.70 billion in 2020[10]. - The group's revenue reached HKD 21.95 billion (USD 2.82 billion) in 2021, a 49.3% increase from the previous year, while net profit soared to HKD 3.18 billion, up 398.8% from HKD 637 million[24]. - The basic earnings per share for continuing and discontinued operations was HKD 7.72, up from HKD 3.97 in the previous year[10]. - The group reported a net profit of HKD 976.4 million for Q4 2021, a 182.5% increase year-over-year, with a profit margin of 15.7%[36]. - The group’s net profit reached a record high of HKD 3.24 billion, a year-on-year increase of 273.6%[39]. - The total comprehensive income for the year amounted to HKD 3,004,126, compared to HKD 2,000,611 in 2020, indicating a 50.1% increase[156]. Cash and Deposits - The total cash and bank deposits at the end of 2021 reached a record high of HKD 4.88 billion[9]. - Cash and bank deposits reached a record high of HKD 4.88 billion, compared to HKD 4.46 billion in the previous year[39]. - The total cash and cash equivalents at the end of 2021 amounted to HKD 4,681,090,000, up from HKD 4,450,564,000 at the end of 2020, reflecting an increase of 5.2%[165]. Profit Margins - The gross profit margin for 2021 was 40.6%, an increase of 563 basis points year-on-year[9]. - The operating profit margin for 2021 was 18.9%, up by 1,143 basis points compared to the previous year[9]. - The gross profit margin for 2021 was 41.3%, reflecting an increase of 588 basis points year-over-year, while the operating profit margin improved to 20.0%[36]. - The semiconductor solutions segment's gross profit margin was 43.7%, an increase of 468 basis points year-on-year[42]. Orders and Backlogs - The total value of unfulfilled orders as of December 31, 2021, was HKD 10.06 billion (USD 1.29 billion)[9]. - New orders totaled HKD 26.12 billion (USD 3.36 billion), representing a year-on-year increase of 65.6%[38]. - For Q4 2021, the total new orders amounted to HKD 5,250 million, a 25% year-over-year increase[36]. Dividends - The company declared a total dividend of HKD 3.90 per share for the fiscal year 2021, an increase of approximately 44.4% year-on-year[9]. - The board proposed a final dividend of HKD 2.60 per share, resulting in a total dividend of HKD 3.90 per share for the year, a significant increase of 44.4% compared to HKD 2.70 in 2020[25]. Research and Development - ASMPT continues to invest in research and development to enhance production efficiency and product quality[4]. - R&D spending accounted for approximately 10% of total revenue, with HKD 1,950 million in 2021 compared to HKD 1,620 million in 2020[54]. - The company is investing in advanced process innovations to enhance its technology position in various applications, including micro-LED and augmented reality[49]. Market and Growth Strategy - The company aims to focus on strategic growth and cost optimization measures for the coming years[11]. - The automotive solutions market saw revenue more than double in 2021, indicating significant growth potential and an expanded customer base[16]. - The company is focusing on entering high-growth markets and optimizing its product portfolio towards advanced solutions[18]. - The ongoing global digital transformation is expected to drive long-term growth trends, benefiting the company's future performance[27]. Supply Chain and Production - The group anticipates continued challenges in the supply chain for 2022 but remains confident due to strong order backlogs and macroeconomic factors[23]. - The group achieved a record capacity utilization while significantly increasing the proportion of outsourced production to address supply chain challenges[28]. Corporate Governance - The company has a strong board with diverse backgrounds in finance, engineering, and high-tech industries, enhancing its strategic decision-making capabilities[76][78]. - The leadership team is committed to maintaining high standards of corporate governance and financial oversight[76][78]. - The company has established a whistleblowing procedure for employees to report concerns regarding misconduct confidentially[126]. Compliance and Risk Management - The group has established a risk management framework based on the "three lines of defense" model to manage strategic, operational, financial, reporting, and compliance risks[131]. - The board is responsible for assessing and determining the nature and extent of risks the group is willing to accept to achieve strategic objectives, ensuring an effective risk management system is in place[130]. Employee and Talent Management - The company has a strong focus on retaining talent through its employee stock incentive plan, which aims to recognize contributions and attract suitable personnel[81]. - The total employee cost for the group in 2021 was HKD 5.55 billion, up from HKD 4.41 billion in 2020[60]. Financial Reporting and Standards - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the year ended December 31, 2021[168]. - The financial statements are prepared on a historical cost basis, except for certain financial instruments measured at fair value at each reporting date[175].

Financial Performance - The revenue for the second quarter of 2021 reached HKD 5.18 billion (USD 667 million), marking a new high[5]. - The total new orders for the second quarter exceeded expectations at HKD 7.32 billion (USD 943 million)[5]. - The gross profit margin significantly increased by 257 basis points year-on-year and 101 basis points quarter-on-quarter[5]. - For the first half of 2021, revenue reached HKD 95.1 billion (USD 12.3 billion), a 41.5% increase compared to HKD 67.3 billion (USD 8.66 billion) in the same period of 2020[9]. - The total new orders for the first half of 2021 reached a record high of HKD 151.5 billion (USD 19.5 billion)[6]. - The gross profit margin for the first half of 2021 surged by 260 basis points year-on-year and 481 basis points half-on-half[6]. - The net profit for the second quarter was HKD 732 million, up from HKD 324 million in the second quarter of 2020[9]. - The earnings per share for the first half of 2021 was HKD 3.05, compared to HKD 0.95 in the same period of 2020[8]. - The group achieved a record revenue of HKD 9,514.2 million (USD 1.23 billion) in the first half of 2021, representing a year-on-year increase of 41.5% and a half-year increase of 19.3%[17]. - The total new orders reached a record high of HKD 15,150.3 million (USD 1.95 billion) in the first half of 2021, marking a year-on-year increase of 100.2% and a half-year increase of 84.7%[17]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 1.30 per share, an increase from HKD 0.70 in 2020[10]. - The company announced an interim dividend of HKD 1.30 per share, an increase of 86% compared to the first half of 2020[29]. - The company declared a final dividend of HKD 2.00 per share for 2020, totaling HKD 821,592,000, and an interim dividend of HKD 1.30 per share for 2021, totaling HKD 534,035,000[73]. Order Backlog and Future Outlook - As of June 30, 2021, the total backlog of orders reached a record high of HKD 115.4 billion (USD 14.9 billion)[6]. - The total unfulfilled orders as of June 30, 2021, reached HKD 115.4 billion (USD 14.9 billion), with an order-to-delivery ratio of 1.59[18]. - The group anticipates revenue for Q3 2021 to be between USD 730 million and USD 780 million, indicating a strong performance in the second half of the year[32]. - The group expects revenue for the third quarter of 2021 to be between USD 730 million and USD 780 million, maintaining a strong outlook for the second half of the year[151]. Research and Development - The company invested 9.4% of its equipment business revenue (HKD 890 million) in research and development during the first half of 2021[27]. - The group continues to invest approximately 10% of its equipment business revenue in R&D to strengthen its technological capabilities[152]. - The company is investing significantly in the development of new TCB solutions to strengthen its leadership position in the market[15]. - The group is investing significantly in hybrid bonding technology, with plans to deliver developments by the end of the year[135]. Market and Industry Trends - The semiconductor supply chain management strategy was adjusted from "just-in-time" to "just-in-case" to enhance resilience amid ongoing shortages[13]. - The demand for high-precision tools (2 microns and below) has shown exceptional performance, driven by customer needs in digital transformation and other growth trends[15]. - VLSI Research forecasts that semiconductor content will increase from 945 billion units in 2020 to 1.43 trillion units by 2025, with the packaging and assembly equipment market expected to grow from USD 3.6 billion in 2020 to USD 5.6 billion by 2025[32]. - The automotive market showed strong growth, particularly driven by electric vehicle demand in mainland China[137]. Employee and Operational Metrics - The group employed approximately 11,900 employees globally as of June 30, 2021, excluding 2,700 temporary or short-term contract workers and outsourced staff[31]. - Total employee costs for the first six months of 2021 amounted to HKD 2.62 billion, compared to HKD 2.12 billion in the same period of 2020, reflecting a year-on-year increase of approximately 23.6%[31]. - The company has initiated a new employee stock incentive plan to enhance employee engagement and retention[45]. Financial Position and Cash Flow - The company held cash and bank deposits of HKD 41.0 billion as of June 30, 2021, supporting increased delivery volumes to meet growing product shipment demands[18]. - The company reported a net cash position with bank balances and cash amounting to HKD 4,093,503 as of June 30, 2021[40]. - Operating cash flow for the six months ended June 30, 2021, was HKD 977,572,000, a decrease of 37% from HKD 1,553,149,000 in the same period of 2020[46]. - Net cash generated from operating activities was HKD 704,699,000, down 47% from HKD 1,336,733,000 year-on-year[46]. Taxation and Compliance - The effective tax rate for the group's subsidiaries in China is 25%, while the Advanced Technology (China) Co., Ltd. benefits from a reduced rate of 15% due to its status as a High-tech Service Enterprise[66]. - The company’s tax expense in Hong Kong for the current period was HKD 27,021,000, compared to HKD 10,759,000 in the previous year[65]. - The company incurred a total tax expense of HKD 356,038 for the six months ended June 30, 2021, compared to HKD 108,744 for the same period in 2020, reflecting a significant increase[184]. Shareholder Information - The company’s major shareholders include ASM International N.V. and ASM Pacific Holding B.V., each holding 25.07% of the shares[112]. - The total number of shares held by major shareholders includes 103,003,000 shares by ASM International N.V.[112]. - The company issued a total of 410,796,000 shares as of June 30, 2021, with a paid-up capital of HKD 41,079,000[17].

Financial Performance - ASM Pacific Technology Limited reported revenue of HKD 14,700,250, an increase from HKD 14,030,169 in the previous year, representing a growth of approximately 4.7%[7] - The gross profit for the year was HKD 5,138,881, compared to HKD 5,336,759 in 2019, indicating a decrease of about 3.7%[7] - The company achieved a profit before tax of HKD 826,080, down from HKD 1,028,997 in the previous year, reflecting a decline of approximately 19.7%[7] - The net profit attributable to shareholders was HKD 636,612, compared to HKD 697,287 in 2019, a decrease of about 8.7%[7] - Basic earnings per share from continuing operations was HKD 1.54, down from HKD 1.71 in the previous year, representing a decline of approximately 9.9%[7] - ASMPT's total revenue, including discontinued operations, was HKD 16,887,244, compared to HKD 15,883,042 in the previous year, marking an increase of approximately 6.3%[7] - The company reported a total comprehensive income of HKD 1,630,503 for the year, compared to HKD 622,378 in the previous year, indicating significant growth[7] - The company reported a revenue of HKD 16.89 billion (USD 2.18 billion) for the fiscal year ending December 31, 2020, representing a 6.3% increase from HKD 15.88 billion (USD 2.03 billion) in the previous year[18] - The net profit for the year was HKD 1.63 billion, a significant increase of 162.0% compared to HKD 620 million in the prior year, with basic earnings per share rising to HKD 3.97 from HKD 1.52[18] Research and Development - ASMPT continues to invest in research and development to enhance its product offerings and maintain its competitive edge in the semiconductor and electronics manufacturing sectors[8] - The company continues to invest heavily in research and development to drive innovation and maintain a competitive edge in the electronic manufacturing sector[14] - The company emphasized the importance of digital transformation across industries, which is expected to drive strong demand for semiconductors, benefiting the company[15] - The company has established a comprehensive product portfolio and extensive technical expertise in advanced packaging (AP) and hybrid integration (HI) to meet stringent customer requirements[55] Strategic Initiatives - The company has retained 44.44% ownership in the newly formed joint venture, Advanced Packaging Materials International Limited (AAMI), which is expected to enhance the growth of its materials division[13] - The company has strategically invested in SKT Max in China to strengthen its core competitiveness in manufacturing execution software, a key growth area[12] - The company plans to streamline and enhance its product portfolio to increase market share in the mid and high-end segments of the embedding equipment market[16] - The company is actively pursuing market expansion opportunities and potential acquisitions to strengthen its position in the semiconductor industry[82] Financial Health - The company achieved a record high in cash and bank deposits totaling HKD 4.46 billion, providing a significant buffer against economic uncertainties[14] - The company held cash and bank deposits of HKD 4.46 billion and loans of HKD 3.05 billion, resulting in a net cash position of HKD 1.41 billion[31] - The company’s total assets increased to HKD 17,828,129 in 2020 from HKD 16,413,288 in 2019, marking an increase of 8.6%[164] - Cash and cash equivalents rose significantly to HKD 4,450,564, up from HKD 2,317,543 in 2019, an increase of 92.0%[164] Market Trends - The automotive market is expected to be a major driver of continuous growth for the company, with a projected CAGR of 21% for sensors, ADAS computing systems, and automotive lens modules, reaching a market size of $22.4 billion by 2025[57] - The ongoing deployment of 5G infrastructure is driving demand for applications in AR/VR, autonomous vehicles, IoT, and AI, which will increase the importance of the company's core products and services[56] - The semiconductor industry is projected to experience broad growth of 8% in 2021, driven by accelerated digital transformation trends[62] Corporate Governance - The company is committed to continuously improving its corporate governance practices to protect shareholder interests and enhance company value[98] - The board has established various committees to oversee its governance responsibilities effectively[103] - The company has adopted a diversity policy to enhance performance quality, considering various factors such as skills, regional and industry experience, and gender[102] - The board consists of nine directors, with two being female, ensuring diversity in gender, culture, education, and professional experience[99] Employee Engagement - ASM Pacific Technology Limited's global workforce includes approximately 11,600 permanent employees, increasing to 13,300 when including temporary and contracted staff, with about 25% being women[144] - The company has established a talent committee to lead and implement its talent strategy, focusing on leadership development and collaboration with educational institutions[145] - The company has implemented a systematic approach to employee training and development, highlighting its commitment to nurturing talent[145] Sustainability and Corporate Social Responsibility - ASMPT's environmental management systems at major locations have received ISO 14001 certification, emphasizing energy efficiency and pollution prevention[143] - The company aims to align its business operations with four United Nations Sustainable Development Goals (UN SDGs), contributing meaningfully to sustainability[142] - The group contributed approximately 12,747 hours of volunteer service in 2020, a decrease of nearly 50% compared to 2019, due to the global pandemic[149] Risk Management - The company is responsible for preparing financial statements in accordance with the Hong Kong Financial Reporting Standards and the Companies Ordinance[158] - The board is responsible for assessing the nature and extent of risks the group is willing to accept to achieve strategic objectives, ensuring the establishment and maintenance of an effective risk management system[127] - The risk management framework is based on a "three lines of defense" model, providing a structured approach to managing strategic, operational, financial, and compliance risks[128]

Financial Performance - The group reported revenue of HKD 7.70 billion (USD 992 million) for the first half of 2020, an increase of 5.9% compared to HKD 7.27 billion (USD 927 million) in the same period of 2019, but a decrease of 10.5% from the previous six months[10]. - The net profit for the first half of 2020 was HKD 3.91 billion, a significant increase of 119.2% from HKD 1.78 billion in the same period of 2019, but a decrease of 12.0% from the previous six months[10]. - The earnings per share for the first half of 2020 was HKD 0.95, compared to HKD 0.44 in the same period of 2019 and HKD 1.08 in the previous half[10]. - The group recorded a revenue of $991.6 million for the first half of 2020, representing a year-on-year increase of 5.9%[14]. - The group’s gross profit margin was 34.5%, a decrease of 29 basis points year-on-year[13]. - The total comprehensive income for the period was HKD 199,822 thousand, compared to HKD 126,882 thousand in 2019, showing a growth of 57.3%[40]. - The company reported a profit attributable to shareholders of HKD 389.372 million for the six months ended June 30, 2020, compared to HKD 179.487 million for the same period in 2019, representing a significant increase[80]. - Basic and diluted earnings per share were HKD 0.95, compared to HKD 0.44 in the same period last year, marking a 115.9% increase[39]. Revenue Segmentation - The semiconductor solutions segment generated revenue of USD 473 million, an increase of 16.6% year-on-year, while the materials segment revenue was USD 126 million, up 15.6% year-on-year[8]. - The semiconductor solutions segment generated revenue of $473.3 million in the first half of 2020, a decrease of 4.5% year-on-year, but an increase of 16.6% compared to the previous six months[147]. - The materials segment achieved a record new order total of $167.3 million for the first half, up 25.2% from the previous six months and 59.3% year-over-year[18]. - Revenue from mainland China reached HKD 3,391,398, an increase of 16% from HKD 2,925,505 in 2019[197]. - Surface mount technology solutions revenue decreased to HKD 3,049,307, down 6.9% from HKD 3,276,591 in 2019[194]. Orders and Backlog - The total new orders for the first half of 2020 amounted to USD 1.14 billion, an increase of 7.4% compared to the same period last year[8]. - The total new orders amounted to $1,140.9 million, reflecting a year-on-year growth of 19.0%[13]. - The order-to-delivery ratio for the first half of 2020 was 1.15[8]. - The group’s backlog at the end of the first half was $800 million[14]. - The total new orders for the SMT Solutions segment in the first half of 2020 amounted to USD 437.1 million, a year-on-year decrease of 10.3% but an increase of 13.7% compared to the previous six months[152]. Cost Management and Expenses - The group implemented cost control measures, including freezing salaries and closely monitoring non-essential expenses[14]. - The total employee cost for the first half of 2020 was HKD 2.26 billion, slightly down from HKD 2.28 billion in the same period of 2019[32]. - The company incurred additional costs related to COVID-19, totaling HKD 23.4 million, which included expenses for maintaining operations during factory closures and purchasing personal protective equipment[22]. - The company paid dividends amounting to HKD 286,227, a decrease from HKD 569,340 in the previous year, indicating a reduction of about 49.7%[45]. Cash and Liquidity - The cash and bank deposits balance as of June 30, 2020, was HKD 3.59 billion[8]. - The current ratio as of June 30, 2020, was 2.53, down from 3.02 on December 31, 2019[31]. - The group’s bank loans amounted to HKD 3.69 billion as of June 30, 2020, compared to HKD 3.04 billion on December 31, 2019[31]. - Cash and cash equivalents increased to HKD 3,580,050 thousand from HKD 2,317,543 thousand, indicating improved liquidity[41]. - The group’s cash and bank deposits increased by HKD 1.26 billion to HKD 3.59 billion as of June 30, 2020[161]. Strategic Investments and Market Position - The acquisition of ASM AMICRA has positioned the company as a leader in the high-end packaging and integration equipment market for silicon photonics, capitalizing on the growing demand for data centers and next-generation 5G infrastructure[23]. - The company has made strategic investments in Critical Manufacturing and SKT Max to strengthen its position in the manufacturing execution systems (MES) market in China[23]. - The ongoing trend of localization in production among Chinese enterprises, supported by government policies, is expected to benefit the company due to its strong network in China[24]. - The company is focusing on new market opportunities such as advanced packaging and industrial IoT solutions to create long-term sustainable value for shareholders[34]. - The group is positioned to lead in emerging markets such as silicon photonics and industrial IoT, supported by partnerships with leading data analytics companies[157]. Research and Development - The company invested 11.7% of its equipment business revenue into research and development, amounting to HKD 787 million in the first half of the year[29]. - The company operates ten R&D centers globally, employing over 2,000 R&D professionals, and has secured more than 1,400 leading-edge technology patents[29]. - The group has made strategic investments in two startups focusing on disruptive technologies, including a 3D laser printing company and a high-speed X-ray inspection technology for advanced semiconductor packaging[156]. - The group is collaborating with industry leaders, including IBM Research, to develop hybrid soldering solutions for complex AI chips[159]. Corporate Governance and Compliance - The company has adopted the corporate governance code and regularly reviews its governance practices to ensure compliance[119]. - The audit committee consists of three independent non-executive directors and one non-executive director with extensive experience in auditing, legal matters, and corporate governance[118]. - The group’s financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[46]. Future Outlook - The expected revenue for Q3 2020 is projected to be between USD 480 million and USD 560 million[34]. - The group aims to leverage its extensive product portfolio to mitigate cyclical risks and drive business growth[159]. - The group is focusing on new market opportunities such as advanced packaging, silicon photonics, industrial IoT, mini and micro LED solutions, power semiconductors, and Industry 4.0 solutions[165].

Financial Performance - The group's revenue for the fiscal year 2019 was HKD 15.88 billion, a decrease of 18.8% compared to HKD 19.55 billion in 2018[10]. - Profit for the fiscal year 2019 was HKD 622.4 million, down 71.9% from HKD 2.21 billion in 2018[11]. - The earnings per share for 2019 was HKD 1.52, compared to HKD 5.47 in 2018[11]. - The order intake for the year was USD 2.02 billion, a decrease of 21.5% from the previous year[11]. - The company achieved a gross margin of 34.8% for the year, which is a decrease of 326 basis points compared to the previous year[22]. - In the second half of 2019, revenue increased by 18.3% compared to the first half, and profit rose by 149.1%[23]. - The total new orders amounted to USD 2.02 billion, representing a decline of 21.5% year-on-year[22]. - The company reported a profit before tax of HKD 975,734 thousand, a significant decline of 67.2% compared to HKD 2,973,156 thousand in 2018[156]. - Net profit for the year was HKD 622,378 thousand, down 71.8% from HKD 2,211,728 thousand in 2018[157]. - Total comprehensive income for the year was HKD 453,067 thousand, down 76.7% from HKD 1,941,901 thousand in 2018[157]. Cash and Liquidity - The cash and bank deposits at the end of 2019 amounted to HKD 2.33 billion, up from HKD 2.25 billion in 2018[14]. - The current ratio as of December 31, 2019, was 3.02, up from 1.95 in 2018, indicating improved liquidity[45]. - The company’s cash and cash equivalents at year-end increased to HKD 2,317,543 from HKD 2,240,022 in 2018, an increase of 3.5%[163]. - The company redeemed all outstanding convertible bonds amounting to HKD 2.25 billion and arranged a HKD 2.5 billion floating-rate syndicated loan for this purpose[45]. Dividends - The company plans to maintain a progressive dividend policy, proposing a final dividend of HKD 0.70 per share for 2019[13]. - The total dividend for 2019 was HKD 2.00 per share, down from HKD 2.70 per share in 2018, with a payout ratio of 132%[46]. - The company plans to pay a final dividend of HKD 0.70 per share, down from HKD 1.40 in 2018, resulting in a total annual dividend of HKD 2.00 per share for 2019[21]. Operational Highlights - ASM Pacific Technology Limited reported a revenue of HKD 15.88 billion (USD 2.03 billion) for the fiscal year 2019, a decrease of 18.8% from HKD 19.55 billion (USD 2.49 billion) in the previous year[20]. - The company has expanded its production network in Malaysia, with the new facility expected to double local production capacity[20]. - ASMPT has signed an agreement with the Jiujiang government to build a factory in the Jiujiang Economic and Technological Development Zone to meet the growing demand for supply chain localization in China[20]. - The company has successfully implemented measures to focus on high-growth markets and adjust operations to reduce costs amid challenging economic conditions[23]. Market and Customer Insights - The group's revenue from the top five customers accounted for 15.3% in 2019, down from 18.0% in 2018, with 80% of revenue coming from 200 customers[28]. - The advanced packaging segment contributed to revenue growth, driven by strong demand in China and the 5G infrastructure development, resulting in double-digit growth[30]. - The automotive segment remained the second-largest application market despite a slowdown in the automotive industry[28]. - The group expects improved demand levels in major markets, particularly in China, due to local production trends supported by government policies[30]. Research and Development - ASMPT's Hong Kong R&D center is the largest among its ten global R&D centers, with over 50% of its 1,300 employees engaged in R&D activities[20]. - The company has a strong focus on research and development in Epitaxy and Thermal ALD product lines, which are critical for semiconductor manufacturing[70]. - The company aims to leverage its technological expertise to drive innovation in semiconductor manufacturing processes[70]. Environmental and Social Responsibility - The company achieved a 22% reduction in total electricity consumption in its Singapore operations, saving 923 million watt-hours annually, with a payback period of less than one year[137]. - The environmental management systems at major business locations in China, Germany, the UK, Singapore, and Malaysia are certified annually under ISO 14001[137]. - The group contributed approximately 25,000 hours of volunteer service to community initiatives in 2019, participating in over 160 corporate social responsibility activities[142]. - The company has identified four pillars for contributing to the United Nations Sustainable Development Goals: employee development, community support, value creation through innovation, and environmental impact management[137]. Governance and Management - The board consists of nine directors, with one female member, ensuring diversity in expertise and background[91]. - The company has adopted a nomination policy to ensure the board possesses the necessary skills and experience to meet business needs[99]. - The management team is committed to maintaining high standards of corporate governance and financial oversight[69]. - The company has established a formal and transparent procedure for determining the remuneration policy for executive directors[114]. Financial Reporting and Compliance - The company’s financial performance summary and future business development discussions are available in the annual report, highlighting key performance indicators[59]. - The internal audit department operates independently and regularly audits the effectiveness of financial, operational, and compliance controls[119]. - The company has established a shareholder communication policy to provide timely and accessible information regarding its financial performance and strategic goals[130]. - The group recognizes revenue upon the transfer of control of goods or services to customers, in accordance with HKFRS 15[189].

Financial Performance - ASM Pacific Technology Limited reported revenue of HKD 7.27 billion (USD 927 million) for the first half of 2019, a decrease of 24.4% compared to HKD 9.62 billion (USD 1.23 billion) in the same period of 2018[11]. - The company's net profit for the first half of 2019 was HKD 178 million, down 87.2% from HKD 1.4 billion in the first half of 2018[9]. - Basic earnings per share for the first half of 2019 were HKD 0.44, compared to HKD 3.46 in the same period of 2018[11]. - The group's revenue for the first half of 2019 was $927.3 million, a decrease of 24.4% year-on-year[14]. - The total profit before tax for the six months was HKD 368,611,000, a significant decline of 80.0% from HKD 1,834,784,000 in the previous year[91]. - The company reported a net foreign exchange loss of HKD 40,800,000 during the period, compared to a net gain of HKD 1,500,000 in the same period last year[101]. Orders and Backlog - Total new orders amounted to USD 1.06 billion in the first half of 2019, a decrease of 28.3% year-on-year[9]. - As of June 30, 2019, the total unfilled orders stood at USD 795 million[9]. - The total new orders for the group in the first half of 2019 amounted to $1.062 billion, a slight decrease of 2.8% compared to the second half of the previous year[14]. - The backlog of unfulfilled orders at the end of the quarter was $795 million, slightly below the record of $809 million in Q2 2018[13]. Segment Performance - The revenue from backend equipment business was USD 402 million, down 37.6% year-on-year[9]. - The revenue from the backend equipment segment in Q2 2019 was $206.1 million, a decrease of 43.2% year-on-year[22]. - The revenue for the materials segment in Q2 2019 was HKD 448.3 million, down 25.0% year-on-year but up 13.2% quarter-on-quarter[27]. - The revenue for the SMT solutions segment in Q2 2019 was HKD 1,549.7 million, down 15.1% year-on-year and down 10.3% quarter-on-quarter[28]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 1.30 per share, consistent with the previous year[12]. - The group proposed an interim dividend of HKD 1.30 per share, which is 2.95 times the earnings per share for the first half of 2019[13]. - The interim dividend will be distributed around August 30, 2019, with a record date for shareholders from August 19 to August 21, 2019[155]. Cash Flow and Liquidity - Cash and bank deposits as of June 30, 2019, amounted to HKD 2.51 billion[10]. - The current ratio as of June 30, 2019, was 2.79, compared to 1.95 on December 31, 2018[31]. - The company reported a net cash increase of HKD 267,876 for the period, up from HKD 129,659 in the previous year, reflecting a growth of approximately 106.6%[49]. Research and Development - Research and development expenditure for the year to date was HKD 829 million, representing 12.9% of equipment business revenue[30]. - The group remains cautiously optimistic about the long-term future of the semiconductor industry despite short-term challenges, focusing on R&D in advanced packaging, CMOS image sensors, and 5G-enabled devices[196]. Market Outlook - The company expects third-quarter revenue to be between USD 550 million and USD 600 million, with all three business segments anticipated to show quarter-on-quarter growth[36]. - The company remains cautious about the short-term outlook for the semiconductor industry but is optimistic about long-term growth opportunities in advanced packaging and IoT[34]. Employee and Shareholder Engagement - The company has granted a total of 1,946,900 share awards to approximately 1,500 employees, with the vesting period ending on December 16, 2019[33]. - The total employee cost for the first half of 2019 was HKD 2,280 million, down from HKD 2,450 million in the same period of 2018[33]. Financial Position and Assets - Non-current assets increased to HKD 7,500,007,000 as of June 30, 2019, compared to HKD 5,907,439,000 at the end of 2018, reflecting a growth of 27%[43]. - Current assets totaled HKD 14,189,624,000, a decrease of 6.5% from HKD 15,167,963,000 at the end of 2018[43]. - The company’s total assets were valued at 13,275,991, demonstrating strong asset management[46]. Compliance and Governance - The company has complied with all corporate governance codes as of June 30, 2019[152]. - The audit committee consists of three independent non-executive directors and one non-executive director with extensive experience in audit and regulatory matters[153].

Financial Performance - ASM Pacific Technology reported a record revenue of HKD 19,550,590, an increase of 11.6% compared to HKD 17,522,713 in the previous year[11]. - The company's profit for the year was HKD 2,211,728, a decrease of 20.9% from HKD 2,795,702 in the previous year[11]. - Earnings per share were HKD 5.47, down from HKD 6.90 in the previous year[11]. - The group's revenue reached a record high of $2.49 billion in 2018, an increase of 11.6% compared to 2017, marking three consecutive years of record revenue[15]. - The group's net profit for the year was HKD 22.1 billion, a decrease of 20.9% compared to HKD 28.0 billion in the previous year, with basic earnings per share at HKD 5.47, down from HKD 6.90[24]. - Total comprehensive income for the year was HKD 1,941,901 thousand, significantly lower than HKD 3,374,209 thousand in 2017[151]. - The company reported a profit of HKD 2,216,062,000 for the year, which is a decrease from HKD 2,795,702,000 in the prior year[155]. Revenue Segments - The backend equipment business achieved a record revenue of USD 1.18 billion, up 7.3% from the previous year[12]. - The materials business also reached a record revenue of USD 290 million, an increase of 5.2% year-over-year[12]. - SMT solutions business revenue hit a record USD 1.03 billion, reflecting a 19.1% increase from the previous year[12]. - The SMT Solutions division generated over $1 billion in revenue in 2018, while ALSI's revenue nearly quadrupled since its acquisition in 2014[15]. - The total new orders reached a record USD 2.57 billion, up 10.0% from the previous year[12]. - The total new orders for the materials segment decreased by 17.7% year-on-year, with a 39.5% decline in the fourth quarter compared to the same period last year[38]. Strategic Initiatives - The company continues to implement a dual growth strategy focusing on organic growth and strategic acquisitions since 2011[13]. - The group anticipates growth opportunities in 2019 despite challenges, driven by advancements in AI, big data analytics, and Industry 4.0 technologies[16]. - The group aims to transform into a hardware and software solutions provider in the Industry 4.0 era, investing in ADAMOS and Critical Manufacturing[17]. - The group has positioned itself as a preferred partner for advanced packaging technology clients, benefiting from recent acquisitions of NEXX and AMICRA[17]. Operational Efficiency - The group continues to enhance its operational efficiency and energy effectiveness, achieving system-level energy savings of 30% to 90% through upgrades[20]. - The group plans to continue diversifying its customer base, with no single customer accounting for more than 10% of total revenue in 2018[27]. - The group continues to dominate the energy management market with a market share exceeding 90%[31]. Employee and Community Engagement - As of December 31, 2018, the group employed approximately 16,300 people globally, with 24% being women and 31% aged 30 or below[21]. - The group contributed approximately 23,700 hours of volunteer service to community projects in 2018, participating in 180 activities[22]. - The group provided opportunities for 386 students through internship programs and scholarships in collaboration with universities and engineering colleges in the Asia-Pacific region in 2018[137]. Corporate Governance - The board consists of nine directors, with one female member, ensuring diversity in expertise and background[87]. - The company has a remuneration policy for employees based on contributions, qualifications, and capabilities[79]. - The board has adopted a diversity policy to enhance performance through diverse member backgrounds[91]. - The company has established a whistleblowing procedure allowing employees to confidentially report concerns regarding misconduct[115]. Risk Management - The board is responsible for assessing the nature and extent of risks the group is willing to accept to achieve strategic objectives and ensuring the establishment of an effective risk management system[119]. - The company has established a risk management framework based on the "three lines of defense" model to effectively manage operational, financial, and compliance risks[121]. - The internal audit serves as the third line of defense, providing independent assurance on the effectiveness of the internal control system[122]. Accounting Standards and Financial Reporting - The company is responsible for preparing financial statements in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[146]. - The auditors aimed to obtain reasonable assurance that the financial statements were free from material misstatement due to fraud or error[148]. - The company adopted HKFRS 9 "Financial Instruments" on January 1, 2018, which introduced new requirements for the classification and measurement of financial assets and liabilities, as well as expected credit losses (ECL)[173]. - The adoption of HKFRS 16 will require the company to recognize all leases as right-of-use assets and corresponding liabilities, except for low-value or short-term leases[186]. Shareholder Communication - The company emphasizes the importance of effective communication with shareholders to enhance relationships and transparency regarding business performance and strategies[125]. - A shareholder communication policy has been established to provide timely and accessible information to shareholders regarding financial performance and strategic goals[126]. - The company held approximately 480 meetings with analysts and fund managers in 2018 to discuss performance and strategies[126].