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达利国际(00608) - 2024 - 中期业绩
2024-08-23 14:44
Financial Performance - Shareholders' profit for the six months ended June 30, 2024, was HKD 53.3 million, a decrease from HKD 57.9 million in the same period last year, representing a decline of approximately 4.5%[6] - Revenue for the six months ended June 30, 2024, was HKD 1,577.5 million, compared to HKD 1,555.7 million in the previous year, indicating a growth of about 1.4%[5] - The operating profit before tax for the period was HKD 67.3 million, up from HKD 60.9 million, reflecting an increase of approximately 10.5%[5] - Basic earnings per share for the period were HKD 0.1744, down from HKD 0.1895 in the previous year, a decrease of about 6.5%[6] - Profit before tax for the six months ended June 30, 2024, was HKD 67,348,000, compared to HKD 60,863,000 in 2023, showing an increase of 10.1%[16] - The company reported a net profit of HKD 14,267,000 for the six months ended June 30, 2024, compared to HKD 2,245,000 in 2023, reflecting a substantial increase[20] - The company's revenue for the first half of 2024 increased by 1.9% to HKD 1,643 million compared to HKD 1,612 million in the same period of 2023[30] - Gross profit decreased by 0.2% to approximately HKD 338 million, with a gross margin of 20.6%, down from 21.0% in the previous year[30] - Profit attributable to shareholders for the first half of 2024 was HKD 53.3 million, compared to HKD 57.9 million in the same period of 2023[22] Dividends - The interim dividend declared is HKD 0.035 per share[2] - The company declared an interim dividend of HKD 0.035 per share for the first half of 2024, consistent with the previous year's interim dividend[23] - The board declared an interim dividend of HKD 0.035 per share for the six months ended June 30, 2024, totaling approximately HKD 10.697 million[40] Assets and Liabilities - The current ratio stands at 1.1, while the ratio of non-current liabilities to shareholders' equity is 43.2%[2] - Non-current assets increased to HKD 4,112.4 million from HKD 4,053.3 million, showing a growth of approximately 1.5%[7] - Cash and cash equivalents rose to HKD 634.9 million, compared to HKD 557.7 million in the previous year, an increase of about 13.8%[7] - As of June 30, 2024, the net current assets increased to HKD 289,006,000 from HKD 193,256,000 as of December 31, 2023, representing a growth of 49.6%[8] - Total assets less current liabilities rose to HKD 4,401,397,000, up from HKD 4,246,563,000, indicating an increase of 3.6%[8] - The total accounts receivable as of June 30, 2024, was HKD 648.3 million, an increase from HKD 633.3 million at the end of 2023[26] - The total accounts payable as of June 30, 2024, was HKD 680.5 million, a slight decrease from HKD 695.8 million at the end of 2023[27] - Bank loans increased from HKD 1.642 billion as of December 31, 2023, to HKD 1.930 billion as of June 30, 2024, primarily used for property construction and fixed asset investments in mainland China[37] - The ratio of non-current liabilities to shareholders' equity rose to 43.2% as of June 30, 2024, compared to 36.9% as of December 31, 2023[37] Operational Highlights - The company continues to focus on product innovation and sustainable development, integrating ESG principles into its business strategy[2] - The company aims to strengthen its market position in emerging markets and enhance its competitive advantage through optimized production processes and supply chain management[3] - The company is focusing on digital transformation and sustainable development to enhance core competitiveness and improve operational efficiency[29] - The management is investing more resources in artificial intelligence technology to automate business processes and drive growth[29] - The company aims to expand its customer base and explore emerging markets while optimizing supply chain management for sustainability[29] - The group is actively integrating sustainable development concepts into its operations, focusing on reducing carbon emissions and enhancing operational efficiency[34] - The group aims to expand its market presence and reduce risks by exploring different geographical markets[31] - The group is committed to enhancing employee well-being and skills through various training and development programs[36] Legal and Compliance - The company is involved in a legal dispute regarding contract terms with a supplier, with a claim amount of RMB 7 million, but management believes they have a strong defense[28] Future Outlook - The interim report for the six months ended June 30, 2024, will be published by September 30, 2024[45]
达利国际(00608) - 2023 - 年度财报
2024-04-29 22:16
Financial Performance - The group reported a profit attributable to shareholders of HKD 113.7 million for the year ended December 31, 2023[6]. - The group's revenue for 2023 decreased by 5.9% to HKD 3.37 billion compared to HKD 3.51 billion in 2022, while gross profit increased by 1.7% to HKD 690.22 million, resulting in a gross margin of 20.9%[20]. - The group's profit for 2023 was HKD 112.8 million, down from HKD 155.4 million in 2022, representing a decline of 27.4%[20]. - Basic earnings per share for 2023 were HKD 0.37, a decrease of 26.0% from HKD 0.50 at the end of 2022[21]. - Revenue from China in 2023 was HKD 1.95 billion, accounting for 58.8% of total revenue, a decrease of 4.7% from HKD 2.04 billion in 2022[20]. - The apparel manufacturing and trading segment generated revenue of HKD 3.19 billion in 2023, a decrease of 6.6% from HKD 3.42 billion in 2022, while profit increased by 1.7% to HKD 162.5 million[24]. - The property investment and development segment's revenue rose to HKD 117.18 million in 2023 from HKD 98.57 million in 2022, indicating a growth of 18.8%[25]. Dividends - The proposed final dividend is HKD 0.12 per share, with a total annual dividend of HKD 0.155 per share[6]. - The company declared an interim dividend of HKD 0.035 per share and proposed a final dividend of HKD 0.12 per share for the fiscal year ending December 31, 2023[65]. - The board of directors will consider various factors, including the company's financial performance and future funding needs, before declaring dividends[71]. - The company has a dividend policy that allows shareholders to share in profits while retaining sufficient reserves for future development[67]. - The company plans to hold its annual general meeting on June 3, 2024, where the proposed final dividend will be subject to shareholder approval[65]. Sustainability and Development - The group aims to enhance its sustainable development goals, focusing on carbon neutrality and raw material traceability[5]. - The company is committed to digital transformation in fashion manufacturing, enhancing operational efficiency and responsiveness[5]. - The group emphasizes product innovation and sustainable development as core strategies, integrating green practices throughout the supply chain[15]. - The group is committed to sustainable development, focusing on green supply chains and reducing carbon emissions through innovative technologies and practices[27]. - The company actively integrates sustainability goals into its business strategy and promotes environmental protection initiatives[124]. Market Presence and Strategy - The group is actively expanding its market presence to reduce risks and enhance sales networks, particularly in Southeast Asia, where revenue contribution increased to 15.8% from 12.0% in 2022[20]. - The company plans to continue optimizing its enterprise portfolio to create innovative collaborative projects with quality partners[16]. - The company is focused on maintaining liquidity and managing retained earnings for future growth opportunities[71]. Financial Position and Liabilities - The non-current liabilities to shareholders' equity ratio stands at 36.9%, with a current ratio of 1.1[6]. - As of December 31, 2023, the total cash and cash equivalents, short-term bank deposits, and other financial assets at fair value amounted to HKD 875.4 million, down from HKD 1,065.2 million as of December 31, 2022[31]. - Bank loans decreased from HKD 1,730 million as of December 31, 2022, to HKD 1,642 million as of December 31, 2023, primarily used for property construction and fixed asset investments in mainland China[31]. - The ratio of non-current liabilities to shareholders' equity improved to 36.9% from 50.2% year-over-year, indicating a stronger capital structure[31]. - Net cash inflow from operating activities for 2023 was approximately HKD 276.2 million, attributed to an increase in operating profit[31]. Corporate Governance - The company has a strong management team with extensive experience in marketing, procurement, and production, contributing to its operational success[58][59]. - The company’s board of directors includes both executive and independent non-executive members, ensuring governance diversity[81]. - The board is committed to maintaining high standards of corporate governance to ensure effective decision-making and long-term sustainable success[118]. - The company has adopted corporate governance practices in compliance with the Hong Kong Stock Exchange's listing rules[118]. - The board consists of nine members, including three executive directors, one non-executive director, and five independent non-executive directors[128]. Risk Management - The company has established a robust risk management and internal control system, covering operational, financial, and compliance risks[190]. - The risk management committee consists of two executive directors and five independent non-executive directors, focusing on identifying and mitigating various risks[175]. - The audit committee and board believe that the group has reasonably executed its existing risk management monitoring effectively[190]. - The internal audit department conducts independent reviews of identified risks and controls, providing reasonable assurance to management and the audit committee[198]. Employee and Board Diversity - The gender ratio among employees is 38% male and 62% female, with plans to increase female representation on the board by December 31, 2024[131]. - The company emphasizes the importance of integrity and diversity in its board composition, considering various factors such as gender, age, and professional experience[165]. - The nomination committee emphasizes the importance of board diversity, considering factors such as gender, age, cultural background, and professional experience[172].
达利国际(00608) - 2023 - 年度业绩
2024-03-26 23:53
Financial Performance - The profit attributable to shareholders for the year ended December 31, 2023, was HKD 113.7 million, a decrease from HKD 155.4 million in 2022[1][7] - Total revenue for the year was HKD 3,306.9 million, down from HKD 3,515.4 million in the previous year, representing a decline of approximately 5.9%[7] - The basic earnings per share for the year ended December 31, 2023, is HKD 0.37, down from HKD 0.50 in 2022, representing a decrease of 26%[21] - The group reported a profit attributable to shareholders of HKD 113,662 for 2023, down from HKD 154,043 in 2022, reflecting a decrease of 26%[26] - The company reported a profit of HKD 2,461,803,000 for 2023, compared to HKD 2,690,244,000 in 2022, indicating a decrease in profitability[43] Revenue Breakdown - Total revenue from customer contracts for 2023 is HKD 3,306,882, a decrease of 6% from HKD 3,515,405 in 2022[31] - Revenue from garment manufacturing and trading is HKD 3,189,702, down from HKD 3,416,838 in 2022, indicating a decline of 7%[15] - Revenue from property investment and development is HKD 117,180, an increase from HKD 98,567 in 2022, showing a growth of 19%[15] - In 2023, revenue from China was HKD 1,945,008,000, accounting for 58.8% of total revenue, a decrease of 4.7% from HKD 2,040,184,000 in 2022[53] - Total revenue for 2023 was HKD 3,306,882,000, down from HKD 3,515,405,000 in 2022, reflecting a decline in sales from the US and Europe[62] Assets and Liabilities - The company reported a net asset value per share of HKD 10.12[3] - The total assets decreased to HKD 6,349.9 million from HKD 6,227.6 million in the previous year[9][10] - The company’s long-term bank loans decreased to HKD 742.1 million from HKD 1,151.6 million in the previous year[10] - Non-current liabilities to shareholders' equity ratio stood at 36.9%, while the current ratio was 1.1[3] - The ratio of non-current liabilities to shareholders' equity improved to 36.9% as of December 31, 2023, from 50.2% a year earlier[114] Cash Flow and Expenses - The company’s cash and cash equivalents decreased to HKD 557.7 million from HKD 611.3 million in the previous year[9] - The company's total cash and cash equivalents, short-term bank deposits, and other financial assets amounted to HKD 875.4 million as of December 31, 2023, down from HKD 1.0652 billion a year earlier[113] - The total cost of loans for 2023 was HKD 86,545,000, which includes capitalized amounts of HKD 5,839,000, compared to HKD 44,167,000 in 2022[42] - The company’s total tax expense for 2023 was HKD 30,220,000, an increase from HKD 27,210,000 in 2022[64] - The company maintained an administrative expense ratio of 9.0% of total revenue in 2023, while selling and distribution expenses increased from 6.0% in 2022 to 6.7% in 2023[79] Dividends - The proposed final dividend is HKD 0.12 per share, with a total annual dividend of HKD 0.155 per share[21] - The board proposed a final dividend of HKD 0.12 per share for the year ending December 31, 2023, unchanged from the previous year[122] - The final dividend is subject to approval at the upcoming shareholders' meeting scheduled for June 3, 2024[122] - The company will suspend share transfer registration from June 13 to June 14, 2024, to determine eligible shareholders for the dividend[123] Strategic Initiatives - The company aims to lead sustainable development in the fashion industry through product innovation and the establishment of a five-year sustainability goal[3] - The company plans to invest more resources in artificial intelligence technology to enhance business processes and drive growth[51] - The company aims to continue expanding into high-potential emerging markets and promote digital transformation in garment manufacturing[21] - The company aims to expand its sales network in Southeast Asia, which accounted for 15.8% of total revenue in 2023, up from 12.0% in 2022[53] - The company plans to enhance its sustainable development initiatives by establishing an Environmental, Social, and Governance (ESG) Supervisory Committee[76] Operational Highlights - The "Rui Chuang World" industrial park phase II has been completed, providing a stable cash flow and enhancing the company's long-term development platform[5] - The company invested approximately HKD 81.6 million in machinery, equipment, and renovations to enhance production efficiency and environmental compliance[89] - The company has unrecognized capital expenditure commitments of HKD 375.7 million for property, machinery, and construction projects as of December 31, 2023[90] - The company continues to optimize its property investment and development portfolio to attract quality partners and generate stable income[81] - The company is actively participating in industry summits to share experiences and advanced technologies in promoting green fashion, demonstrating its commitment to sustainable development[110] Employee and Talent Development - The company emphasizes talent development as a priority, aiming to attract professionals from various fields to enhance competitiveness in the fashion industry[22] - The company employed approximately 5,000 employees as of December 31, 2023, consistent with the number from December 31, 2022[116] Financial Instruments and Valuation - The fair value change of derivative financial instruments resulted in a loss of HKD 12,027, compared to a gain of HKD 589 in the previous year[35] - The fair value increase of investment properties was HKD 10,449, compared to a gain of HKD 69,477 in 2022[35] Accounts Receivable - The company reported accounts receivable of HKD 633 million, an increase from HKD 551 million in the previous year[73]
达利国际(00608) - 2023 - 中期财报
2023-09-28 09:09
Financial Performance - Revenue from customer contracts for the six months ended June 30, 2023, was HKD 1,612,439,000, a decrease of 10.7% compared to HKD 1,806,257,000 for the same period in 2022[6] - The profit before tax for the six months ended June 30, 2023, was HKD 60,863,000, down 31.6% from HKD 88,893,000 in the previous year[6] - The company reported a net loss of HKD 5,864,000 for the six months ended June 30, 2023, compared to a profit in the same period last year[13] - The company's profit attributable to shareholders for the six months ended June 30, 2023, was HKD 57.9 million, with basic earnings per share of HKD 0.19[131] - Basic earnings per share for the period were HKD 0.19, a decrease of 24% from HKD 0.25 in the prior year[171] - The company reported a profit of HKD 58.6 million for the first half of 2023, down from HKD 76.5 million in the same period of 2022[167] Revenue Breakdown - The company’s total revenue from garment manufacturing and trading was HKD 1,555,728,000, down from HKD 1,762,803,000 in the previous year[6] - Revenue from China for the first half of 2023 was HKD 898.8 million, accounting for 55.7% of total revenue, a decrease of 1.2% compared to HKD 999.0 million (50.4% of total revenue) in the same period of 2022[144] - Revenue from the United States and Europe decreased to HKD 437.9 million, representing 27.2% of total revenue, down from HKD 592.0 million (32.8% of total revenue) in the first half of 2022[144] - Revenue from garment manufacturing and trading for the first half of 2023 was HKD 1.556 billion, a decrease of 11.8% from HKD 1.763 billion in the previous year[173] Dividends - The interim dividend declared for the six months ended June 30, 2023, is HKD 0.035 per share, an increase from HKD 0.03 per share for the same period in 2022[17] - The total amount for the interim dividend is approximately HKD 10,697,000, up from HKD 9,168,000 for the same period in 2022, indicating an increase of about 16.7%[121] Expenses and Costs - Total loan costs for the six months ended June 30, 2023, amounted to HKD 33,644,000, significantly higher than HKD 13,410,000 in the previous year[9] - The company’s bank loans and overdrafts increased to HKD 32,065,000 for the six months ended June 30, 2023, compared to HKD 12,108,000 in the previous year[9] - Administrative expenses as a percentage of total revenue remained stable at 9.2% for both the first half of 2023 and 2022[147] Assets and Liabilities - The total liabilities as of June 30, 2023, were HKD 1,203.97 million, compared to HKD 1,588.54 million in the previous period[1] - The total assets less current liabilities amounted to HKD 4,209.42 million, down from HKD 4,726.54 million[1] - The bank loans increased significantly to HKD 946.92 million from HKD 551.37 million[1] - The net asset value as of June 30, 2023, was HKD 3,005.45 million, compared to HKD 3,137.99 million previously[1] Investment and Fair Value - The fair value of investment properties decreased by HKD 11,574,000 for the six months ended June 30, 2023, compared to an increase of HKD 25,090,000 for the same period in 2022[9] - The company reported a fair value income of HKD 742,000 for the six months ended June 30, 2023, down from HKD 831,000 for the same period in 2022, representing a decrease of about 10.7%[104] - The total value of structured deposits was HKD 161,580,000 as of June 30, 2023, slightly down from HKD 165,187,000 as of December 31, 2022, indicating a decrease of about 3.9%[20] - The fair value gain for the insurance contract investment portion was HKD 33,954,000 as of June 30, 2023, compared to HKD 33,212,000 as of December 31, 2022, reflecting an increase of approximately 2.2%[20] Sustainability and Innovation - The company is focusing on product innovation and sustainable development, achieving multiple international environmental and R&D patent certifications[135] - The company aims to establish a green supply chain and integrate sustainable development into its corporate strategy and daily management[154] - The group is committed to sustainable development and green fashion, integrating these principles throughout its supply chain[164] - The company has received international recognition for its sustainability efforts, including the STeP by OEKO-TEX® certification for its Dongguan factory[197] Digital Transformation and Management - The management team is committed to promoting digital management to enhance accuracy, improve production efficiency, and control costs[141] - The company is accelerating its digital transformation to enhance management efficiency and flexibility, aiming for market expansion[160] - The company is investing in automation and digital technologies to enhance operational efficiency and reduce costs[141] - The company is investing in automation and digital technologies to improve supply chain efficiency and reduce operating costs[161] Corporate Governance - The company has adhered to the corporate governance code principles as per the Hong Kong Stock Exchange regulations during the reporting period[111] - The board emphasizes the importance of environmental, social, and governance (ESG) goals and policies, with various committees overseeing their implementation[199] - The company has established working groups in different regions to lead sustainability efforts and report on project progress[199] Legal Matters - The company has ongoing legal proceedings related to claims against its joint venture, with no significant resource outflow expected[65]
达利国际(00608) - 2023 - 中期业绩
2023-08-22 14:20
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確 性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 截截截截至至至至二二二二零零零零二二二二三三三三年年年年六六六六月月月月三三三三十十十十日日日日止止止止六六六六個個個個月月月月之之之之中中中中期期期期業業業業績績績績、、、、 獨獨獨獨立立立立非非非非執執執執行行行行董董董董事事事事變變變變更更更更及及及及董董董董事事事事委委委委員員員員會會會會組組組組成成成成變變變變更更更更 主主主主席席席席報報報報告告告告 二零二三年,全球經濟和政治局勢持續波動,中美角力,地緣政治及俄烏戰爭為環球 政經帶來嚴重影響。歐美的通貨膨脹、人民幣匯率的不穩定以及加息的綜合因素,達 利的業務亦受到深遠的影響。在如此嚴峻的市場環境下,達利積極快速回應市場變化, 以產品創新為核心力求突破,推動集團整體業務發展。達利同時加速數字化轉型步伐, 提升管理效率及靈活性,全力拓展市場和客戶,以實現全球領先流行時尚企業的目標。 集團截至二零二三年六月三十日止期間之主要業績如下: • 股東應 ...
达利国际(00608) - 2022 - 年度财报
2023-04-27 23:42
Financial Performance - The group achieved a profit attributable to shareholders of HKD 154 million for the year ended December 31, 2022[6]. - Basic earnings per share were HKD 0.50, and the net asset value per share was HKD 10.27[6]. - The group's revenue for 2022 increased by 21.7% to HKD 3.52 billion, up from HKD 2.89 billion in 2021[23]. - Gross profit rose by 36.5% to HKD 680.4 million, with a gross margin increase of 2.1% to 19.4%[23]. - Profit for the year was HKD 155.4 million, compared to HKD 147.6 million in 2021, reflecting a growth in profitability[23]. - Revenue from China reached HKD 2.04 billion, accounting for 58.0% of total revenue, a growth of 31.0%[24]. - The contribution from the garment manufacturing and trading business was HKD 3.42 billion, a 23.8% increase from HKD 2.76 billion in 2021[28]. - The property investment and development segment generated revenue of HKD 98.6 million, down from HKD 127.4 million in 2021[31]. - Basic earnings per share increased by 4.2% to HKD 0.50, compared to HKD 0.48 at the end of 2021[25]. Sustainability and Innovation - The group is focusing on sustainable development through innovative technologies, such as the micro-water printing technology, which reduces wastewater generation[10]. - The group has received multiple certifications for its sustainable practices, including recognition as a "National Water-Saving Benchmark Enterprise"[17]. - The company is focusing on sustainable development and has invested in green innovation technologies, achieving various international certifications[33]. - The group identified climate-related risks and opportunities, establishing a governance framework to monitor sustainability policies and projects[35]. - Future outlook includes continued investment in digitalization and sustainable development to drive growth in the fashion industry[18]. Operational Efficiency and Digital Transformation - The group is committed to digital transformation and smart manufacturing to enhance operational efficiency and reduce production costs[16]. - The group aims to optimize its property investment portfolio to create high-value assets and stable income[31]. - The company is committed to enhancing operational efficiency through business process optimization and innovation[28]. - The group’s internal audit department operates independently and reports directly to the audit committee, ensuring oversight of compliance with policies and standards[197]. Corporate Governance - The company emphasizes a strong corporate governance framework to enhance shareholder value and ensure effective risk management[121]. - The board consists of eight directors, including three executive directors, one non-executive director, and four independent non-executive directors[129]. - The company aims to appoint at least one female director by December 31, 2024, to enhance gender diversity on the board[134]. - The company has implemented an anti-corruption policy and annual training to raise awareness among directors and employees[126]. - The audit committee, remuneration committee, nomination committee, and risk management committee have been established to support the board's functions[137]. Shareholder Returns and Reserves - The company declared a final dividend of HKD 0.12 per share for the year ended December 31, 2022, compared to HKD 0.06 per share in 2021, reflecting a 100% increase[66]. - The company's distributable reserves as of December 31, 2022, amounted to HKD 140,694,000, up from HKD 119,541,000 in 2021, indicating a growth of approximately 17.6%[77]. - The interim dividend of HKD 0.03 per share was distributed on October 7, 2022, reflecting the company's commitment to returning value to shareholders[66]. Risk Management - The group has established a risk management system that provides reasonable assurance regarding the safeguarding of assets and the reliability of financial reporting[187]. - The risk management committee consists of one executive director and four independent non-executive directors, focusing on identifying and managing various risks faced by the group[168]. - The company ensures that all committees have sufficient resources to fulfill their duties and can seek independent professional advice if necessary[147]. Employee and Management - The employee count increased to approximately 5,000 as of December 31, 2022, up from 4,800 in the previous year, driven by a rise in sales orders[44]. - The company reviews its directors' and senior management's liability insurance annually to ensure adequate coverage[136]. - Directors are required to submit annual training records, ensuring continuous professional development and compliance with governance standards[178]. Financial Position - As of December 31, 2022, the group's total cash, short-term bank deposits, and financial assets at fair value amounted to HKD 1.07 billion, a decrease from HKD 1.1 billion in 2021[36]. - The bank loans increased to HKD 1.7 billion as of December 31, 2022, compared to HKD 1.68 billion in the previous year, primarily used for garment manufacturing and property development projects[36]. - The group's collateral properties in Hong Kong and mainland China amounted to HKD 1.84 billion, up from HKD 1.39 billion in 2021, used for long-term bank loans[38].
达利国际(00608) - 2022 - 年度业绩
2023-03-30 23:36
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確 性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 截截截截至至至至二二二二零零零零二二二二二二二二年年年年十十十十二二二二月月月月三三三三十十十十一一一一日日日日止止止止 年年年年度度度度之之之之業業業業績績績績 主主主主席席席席報報報報告告告告 世界政治經濟發展受到中美貿易戰、地緣政治、新冠疫情以及俄烏戰爭的影響,在能 源危機、通貨膨脹、加息陰霾下面對重重衝擊,在這樣的環境之下,達利積極應對困 難和挑戰,先以審慎的態度穩定自身實力,繼而積極進取地捕捉發展的「時」和「機」。 二零二二年,儘管在如此艱難的市場環境下,我們取得良好的成績。 集團截至二零二二年十二月三十一日止年度之主要業績如下: • 股東應佔溢利為港幣1億5,400萬元 • 非流動負債與股東資金之比率為50%。流動比率為1.6 • 每股基本盈利為港幣0.50元 • 每股資產淨值為港幣10.27元 • 建議末期股息為每股港幣0.12元,全年股息為港幣0.15元 ...
达利国际(00608) - 2022 - 中期财报
2022-09-29 09:44
Financial Performance - The company's net profit attributable to shareholders for the first half of 2022 was HKD 75.6 million[3]. - Revenue for the first half of 2022 increased by 49.3% to HKD 1.806 billion, compared to HKD 1.21 billion in the same period of 2021[13]. - Gross profit rose by 92.6% to HKD 365 million, with a gross margin of 20.2%, up from 15.7% in the previous year[13]. - Basic earnings per share for the first half of 2022 were HKD 0.25, a 23% increase from HKD 0.20 in the same period of 2021[16]. - The net profit for the period was HKD 76,505,000, compared to HKD 61,438,000 in the previous year, marking a 24.6% increase[39]. - The net profit attributable to shareholders for the six months ended June 30, 2022, was HKD 75,591,000, up 23.3% from HKD 61,319,000 in the same period of 2021[78]. - Basic and diluted earnings per share for the six months ended June 30, 2022, were HKD 0.247, compared to HKD 0.200 for the same period in 2021[78]. - The profit before tax for the six months ended June 30, 2022, was HKD 88,893,000, compared to HKD 80,014,000 in 2021, reflecting an increase of 11.0%[66]. Revenue Breakdown - Revenue from the Chinese market was HKD 999 million, accounting for 50.4% of total revenue, with a growth of 28.4%[14]. - Sales from the US and European markets grew to HKD 592 million, representing 32.8% of total revenue[14]. - The revenue for the garment manufacturing and trading business in the first half of 2022 was HKD 1,760.4 million, an increase of 53.1% compared to HKD 1,149.5 million in the same period of 2021[20]. - Revenue from garment manufacturing and trading for the six months ended June 30, 2022, was HKD 1,806,480,000, an increase of 53.6% compared to HKD 1,175,714,000 for the same period in 2021[66]. - Revenue from the China market (including mainland and Hong Kong) reached HKD 909,917,000, an increase from HKD 708,905,000, representing a growth of about 28.3%[61]. - Brand business revenue for the same period was HKD 2,418,000, down 75.1% from HKD 9,722,000 in 2021[66]. - Property investment and development revenue was HKD 43,454,000, a decrease of 14.7% from HKD 50,988,000 in the previous year[66]. Operational Efficiency - The company is focusing on digital management and automation to enhance operational efficiency and reduce costs[10]. - Operating profit increased to HKD 364,727,000, up from HKD 189,407,000 year-on-year, reflecting a significant improvement in operational efficiency[39]. - The group’s inventory decreased to HKD 524,908,000 from HKD 600,337,000, reflecting improved inventory turnover[49]. Cash Flow and Liquidity - As of June 30, 2022, the company's cash and cash equivalents totaled HKD 1.1 billion, with bank loans slightly increasing to HKD 1.72 billion from HKD 1.68 billion at the end of 2021[28]. - The net cash inflow from operating activities for the first half of 2022 was approximately HKD 95.9 million, mainly due to increased operating profit[30]. - Cash and cash equivalents at the end of the period decreased to HKD 375,736,000 from HKD 662,760,000, reflecting a decline of approximately 43.3%[54]. - The net cash outflow from operating activities was HKD 178,063,000, compared to a net outflow of HKD 39,782,000 in the previous year, indicating a worsening cash flow situation[54]. - The group’s cash and cash equivalents stood at HKD 375,736,000, down from HKD 417,527,000, indicating a need for monitoring liquidity[49]. Investments and Capital Expenditures - Capital expenditures during the period included investments of approximately HKD 34.8 million in machinery and equipment, and HKD 68.1 million in property development projects[33]. - The company is expanding the Ruichuang World project in Hangzhou, with the first phase completed and the second phase just starting, expected to yield returns in the coming years[21]. - The second phase of the real estate project is underway, expected to provide stable income and support long-term development plans[11]. Sustainability and Certifications - The company is committed to sustainable development and has achieved multiple international environmental certifications[3]. - The company is committed to sustainable development and has received various certifications, including the WWF's Low Carbon Manufacturing Gold Label and STeP by Oeko-Tex® certification[27]. Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, totaling approximately HKD 9,168,000, an increase from HKD 6,112,000 in the previous period[124]. - Major shareholders include Liang Shuqing with 218,301,361 shares, representing 71.43% of the issued share capital[148]. - Hinton Company Limited holds 167,281,620 shares, accounting for 54.74% of the issued share capital[148]. - High Fashion Charitable owns 49,229,840 shares, which is 16.11% of the issued share capital[148]. - As of June 30, 2022, the total issued share capital of the company is 305,615,420 shares[151]. Legal and Compliance - There are ongoing legal proceedings involving the company and Huahui International Trade Services Holdings Limited, but no significant resource outflow is expected[108]. - The company has not made any provisions for potential liabilities related to the ongoing legal cases as the claims have not yet been made[108]. Employee and Management - The group employed approximately 5,100 staff as of June 30, 2022, an increase from 4,800 employees at the end of 2021, driven by rising sales orders[39]. - The remuneration for key management personnel was HKD 10,564,000 for the six months ending June 30, 2022, compared to HKD 9,709,000 for the same period in 2021[98]. - The group plans to continue investing in employee training and competitive compensation to enhance workforce capabilities[39].
达利国际(00608) - 2021 - 年度财报
2022-04-28 13:49
Financial Performance - Shareholders' profit for the year ended December 31, 2021, was HKD 147.2 million[7] - Basic earnings per share were HKD 0.48, and net asset value per share was HKD 10.22[7] - The proposed final dividend was HKD 0.06 per share, with a total annual dividend of HKD 0.08 per share[7] - The group's revenue for 2021 increased by 33.9% to HKD 2.888 billion, compared to HKD 2.157 billion in 2020, primarily driven by a rebound in consumer demand and a significant increase in domestic orders from mainland China[22] - Revenue from China reached HKD 1.558 billion, accounting for 53.9% of total revenue, representing a growth of 44.9% from HKD 1.075 billion in 2020[22] - The basic earnings per share for 2021 was HKD 0.48, an increase of 17.1% from HKD 0.41 in 2020[23] - The group's administrative expenses as a percentage of total revenue decreased from 11.4% in 2020 to 9.7% in 2021, indicating improved operational efficiency[23] - The garment manufacturing and trading business generated revenue of HKD 2.743 billion in 2021, a 43.3% increase from HKD 1.914 billion in 2020, with a significant profit increase of 673.7%[26] - The property investment and development segment reported revenue of HKD 127.4 million in 2021, down from HKD 210.4 million in 2020, due to the completion of a residential project sale in 2020[32] - The group's total cash, bank deposits, and financial assets amounted to HKD 1.1 billion as of December 31, 2021, down from HKD 1.3 billion as of December 31, 2020, primarily due to increased capital expenditures[39] - Bank loans decreased from HKD 1.71 billion as of December 31, 2020, to HKD 1.68 billion as of December 31, 2021, mainly used for property construction and fixed asset investments in mainland China[39] - Net cash generated from operating activities decreased from approximately HKD 107 million in 2020 to about HKD 38 million in 2021, mainly due to raw material purchases to meet early 2022 customer demand[39] Sustainability and Development - The company is focusing on sustainable development and green manufacturing, aiming to reduce waste and carbon emissions[16] - The group continues to focus on sustainable development and green concepts across procurement, production processes, and product development[29] - The company is collaborating with renowned research institutions to develop innovative green materials, including bio-based and recycled fabrics[6] - The group received the "Low Carbon Manufacturing Program Gold Label" and "Global Recycle Standard" certifications, showcasing its commitment to sustainability[37] - The group established various working groups across regions to implement and lead sustainability efforts, reporting on project progress and challenges[38] Market Expansion and Strategy - The group achieved significant sales growth in garment manufacturing and trading, driven by strong domestic retail market orders in China[16] - The company is actively expanding into promising markets, including China and other Asian regions[10] - The group is actively expanding the Rui Chuang World project in Hangzhou, which has received local government support, aiming to optimize the mix of enterprises involved[32] - The company is exploring new business opportunities and market expansion strategies to enhance its competitive edge in the industry[52][65] Corporate Governance - The company has maintained compliance with significant laws and regulations affecting its operations throughout the year[70] - The board of directors has adopted a dividend policy to allow shareholders to share in profits while retaining sufficient reserves for future development[73] - The company has implemented a directors' and officers' liability insurance for its directors and senior management[94] - The company adheres to the corporate governance code principles and applicable provisions during the year[120] - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors[136] - The independent non-executive directors represent one-third of the board, complying with listing rules[136] - The company emphasizes strict adherence to high standards of corporate governance as a key part of its corporate culture[155] Risk Management - The company has implemented a risk management system that allows for continuous identification, assessment, and management of significant risks, although there is still room for improvement[194] - The internal control system aims to provide reasonable assurance against significant misstatements or losses, managing operational risks rather than completely eliminating them[195] - The company has set procedures to identify, measure, manage, and control risks that may affect its operations, compliance, and financial performance[200] Employee and Leadership - The group employed approximately 4,800 staff members at the end of the reporting year, emphasizing the importance of employee training and competitive compensation[48] - The company has a strong leadership team with extensive experience in the fashion and textile industry, including key figures like Mr. Lin and Ms. Su, who have over 25 years of experience in their respective fields[52][56]. - The management team has a combined experience of over 40 years in market promotion, garment procurement, and production operations, indicating a robust operational foundation[65]. - Continuous professional development is emphasized for directors, with participation in various training sessions covering ESG trends, compliance regulations, and financial reporting[186] Shareholder Information - As of December 31, 2021, the company's distributable reserves amounted to HKD 119,541,000, up from HKD 108,695,000 in 2020, indicating an increase of approximately 7.8%[82] - The company reported a proposed final dividend of HKD 0.06 per share for the year ended December 31, 2021, compared to HKD 0.03 per share in 2020, reflecting a 100% increase[71] - The top five customers accounted for less than 20% of the group's revenue, and the top five suppliers accounted for less than 17% of the group's purchases, indicating a diversified customer and supplier base[84]
达利国际(00608) - 2021 - 中期财报
2021-09-29 08:42
Financial Performance - Shareholders' net profit for the first half of 2021 was HKD 61.3 million[4] - The group's revenue increased by 16.6% to HKD 1.21 billion in the first half of 2021, compared to HKD 1.038 billion in the same period of 2020[16] - Profit for the period was HKD 61.4 million, a turnaround from a loss of HKD 11.7 million in the previous year[16] - Total revenue for the six months ended June 30, 2021, was HKD 1,210,177 thousand, representing an increase of 16.5% compared to HKD 1,038,058 thousand in the same period of 2020[65] - The company reported a pre-tax loss of HKD 965,000 for the six months ended June 30, 2021, compared to a loss of HKD 12,966,000 in the same period of 2020, showing improvement in financial performance[75] - The total comprehensive income for the period was HKD 142.6 million, significantly higher than HKD 25.2 million in the previous year[43] Revenue Breakdown - Revenue from China grew by 61.3% to HKD 708.9 million, accounting for 58.6% of total revenue[16] - Revenue from garment manufacturing and trading was HKD 1,149,467 thousand, up from HKD 882,689 thousand, indicating a growth of 30.3% year-over-year[65] - The revenue from property sales was HKD 15,725 thousand, down from HKD 128,959 thousand in the same period of 2020, reflecting a decline of 87.8%[65] - The company's revenue from the Chinese market was HKD 708,905 thousand, a substantial increase from HKD 439,467 thousand, marking a growth of 61.5%[65] Earnings and Dividends - Basic earnings per share were HKD 0.2, and net asset value per share was HKD 9.83[4] - The interim dividend declared was HKD 0.02 per share[4] - Basic earnings per share improved to HKD 0.20, compared to a loss of HKD 0.04 per share in the same period last year[20] - The mid-term dividend declared is HKD 0.02 per share, totaling approximately HKD 6,112,000, to be paid on October 15, 2021[143] Operational Efficiency and Strategy - The company is focusing on digitalization and AI to enhance operational efficiency and reduce costs[11] - The company aims to become a leader in the Chinese fashion industry through diversification and innovation[8] - The company is investing in new technology development, with a budget allocation of $50 million for R&D initiatives[184] - The company has set a goal to reduce operational costs by 10% through efficiency improvements in the supply chain[184] Sustainability and Development - The company achieved significant results in sustainable development, particularly in fabric development and green manufacturing[4] - The group aims to further reduce its carbon footprint and textile waste as part of its sustainability goals set for 2020 to 2024[30] Employee and Management - The company is committed to providing a safe working environment for employees amid the pandemic[14] - The group provided over 20,000 hours of training to employees in the past year, emphasizing its commitment to employee development[30] - The remuneration for key management personnel was HKD 9,709,000 for the six months ended June 30, 2021, compared to HKD 9,080,000 for the same period last year[117] Market and Growth Outlook - User data showed a 20% increase in active users compared to the previous year, indicating strong customer engagement[184] - The company provided an optimistic outlook for the second half of 2021, projecting a revenue growth of 10% to 12%[184] - New product launches are expected to contribute an additional 5% to overall revenue in the upcoming quarter[184] - Market expansion plans include entering two new international markets by the end of 2021, targeting a 15% market share in these regions[184] - The company is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the tech sector[184] Financial Position and Assets - As of June 30, 2021, the total cash and cash equivalents amounted to HKD 1.31 billion, slightly down from HKD 1.33 billion on December 31, 2020[32] - Non-current assets decreased from HKD 554,627,000 to HKD 499,177,000, a decline of approximately 10%[48] - Current assets increased from HKD 2,322,694,000 to HKD 2,281,206,000, a decrease of about 1.8%[48] - Total liabilities decreased from HKD 1,416,619,000 to HKD 1,355,862,000, a reduction of approximately 4.3%[52] - The company's total equity increased from HKD 2,871,284,000 to HKD 3,004,765,000, reflecting a growth of about 4.6%[52] Legal and Compliance - The company is involved in ongoing legal proceedings with a partner, but management believes there is a strong defense against the claims[124] - The company has not made any provisions related to the ongoing legal disputes as of June 30, 2021[124] - The group has complied with the corporate governance code as per the listing rules, with no significant deviations noted during the reporting period[146] Stock Options and Share Capital - The company has granted a total of 5,000,000 stock options, representing 1.64% of the issued shares as of June 30, 2021[18] - The exercise price for the stock options is set at HKD 1.76, with a fair value of HKD 0.3828 per share[22] - The company has a total issued share capital of 305,615,420 shares as of June 30, 2021[160]