Financial Performance - Revenue for the six months ended June 30, 2019, was US$584,025,000, a decrease from US$969,217,000 in the same period of 2018, representing a decline of approximately 39.8%[4] - The Company reported a loss from operations of US$37,108,000 for the first half of 2019, compared to a profit of US$10,177,000 in the same period of 2018[4] - Basic loss per share for the six months ended June 30, 2019, was (2.08) US cents, compared to (0.09) US cents in the same period of 2018[4] - Loss for the period was $50,649,000, significantly higher than the loss of $2,492,000 in the previous year, indicating a substantial decline in profitability[17] - Total comprehensive expense for the period amounted to $45,556,000, compared to $3,815,000 in the same period last year, reflecting a worsening financial position[20] - Return on equity for the first half of 2019 was (17.1)%, compared to (0.7)% in the same period of 2018[4] - The company reported a loss before taxation of US$42,813,000 for the first half of 2019[128] - The total revenue for the first half of 2019 decreased by approximately 39.7% compared to the same period in 2018[132] Assets and Liabilities - Total borrowings as of June 30, 2019, were US$402,933,000, a decrease from US$438,818,000 in the same period of 2018[4] - Current liabilities totaled $434,619,000, a decrease from $480,777,000 at the end of 2018, suggesting improved management of short-term obligations[26] - Non-current assets were reported at $243,846,000, down from $576,580,000, indicating a significant reduction in long-term asset holdings[23] - The company’s total non-current liabilities amounted to US$223,427,000, indicating a stable long-term financial structure[35] - The company reported a fair value gain on equity instruments of $6,423,000, contrasting with a loss of $574,000 in the prior year, indicating a positive shift in investment valuations[20] Cash Flow and Financing - Net cash used in operating activities was $(1,412) thousand, compared to $(16,397) thousand in the previous year[44] - Net cash used in investing activities totaled $(7,949) thousand, a decrease from $(16,405) thousand year-over-year[44] - New bank loans raised amounted to $169,637 thousand, up from $117,593 thousand in the previous year[47] - The Group's total cash inflow from financing activities was $21,226 thousand, compared to $3,736 thousand in the previous year[47] Inventory and Receivables - Inventories decreased to $100,153,000 from $222,039,000, reflecting a reduction of approximately 55.0% in stock levels[23] - As at 30 June 2019, trade receivables included debtors with an aggregate carrying amount of US$20,584,000, down from US$29,761,000 as at 31 December 2018[172] - The balance of prepayments and other receivables was US$8,992,000 as at 30 June 2019, significantly reduced from US$37,823,000 as at 31 December 2018[173] - The allowance for credit losses decreased to US$871,000 as at 30 June 2019 from US$999,000 as at 31 December 2018[172] Segment Performance - For the six months ended June 30, 2019, total revenue from contracts with customers was US$584,025,000, comprising US$570,536,000 from manufacturing and US$13,489,000 from logistics services[104] - The manufacturing segment generated revenue from dry freight containers of US$397,519,000, refrigerated containers of US$74,304,000, and container parts of US$53,655,000[104] - The logistics services segment included container storage and handling services generating US$3,047,000 and repair and drayage services generating US$3,116,000[105] - The manufacturing segment's revenue for the first half of 2018 was US$955,717,000, indicating a significant decline in performance in 2019[132] Accounting Standards and Policies - The Group has applied HKFRS 16 for the first time, which superseded HKAS 17 "Leases"[54] - The application of HKFRS 16 resulted in the recognition of right-of-use assets amounting to US$99,064,000 as of January 1, 2019[101] - The Group's lease liabilities were recorded at US$9,102,000 as of January 1, 2019, following the adoption of HKFRS 16[101] - The Group applied HKFRS 15 to allocate consideration in a contract to lease and non-lease components effective from January 1, 2019[77] Dividends and Shareholder Returns - The company did not pay any dividends during the six months ended June 30, 2019, but proposed a final dividend of HK$7 cents per share[141]

SINGAMAS 勝 獅 貨 櫃 企 業 有 限 公 司 SINGAMAS CONTAINER HOLDINGS LIMITED HKEx Stock Code 港交所上市编號：716 Annual Report 2018年報 勝獅貨櫃企業有限公司 • 二零一八年年報 Contents 目錄 2 Singamas Operations 勝獅業務 3 Corporate Profile 公司簡介 4 Financial Highlights 財務摘要 6 Corporate Information 公司資料 8 Chairman's Statement 主席報告 14 Frequently Asked Questions 一般提問 18 Honorary Chairman, Directors and Senior Management Profile 榮譽主席、董事及高層管理人員簡介 25 Corporate Governance Report 企業管治報告 61 Report of the Directors 董事會報告 94 Independent Auditor's Report 獨立核數師報告 102 ...