Core Insights - Flexible display technology is revolutionizing the display industry by enabling devices to be curved, folded, and rolled, breaking the traditional rigid display limitations [1][17] - The global flexible display market is projected to grow from $23.2 billion in 2024 to over $173 billion by 2031, driven by advancements in 5G, AI, and VR technologies [1][17] - The flexible OLED segment is expected to see significant growth, with global shipments estimated at approximately 617 million units in 2024, reflecting a year-on-year increase of 21.5% [21] Industry Overview - Flexible displays are made from soft materials and are characterized by low energy consumption, lightweight, durability, and shape variability [2][7] - The main types of flexible displays include bendable, foldable, rollable, and stretchable displays, with bendable and foldable displays already seeing large-scale applications in consumer electronics [2][4] Technology Landscape - The leading technology for flexible displays is flexible OLED, known for its high contrast, wide viewing angles, and rapid response times [4][6] - Other technologies include flexible LCD, electronic paper, quantum dot LEDs, and Micro-LEDs, with flexible OLED being the most widely adopted [4][6] Market Dynamics - The Asia-Pacific region dominates the flexible display market, accounting for over 65% of the global market share, with China, South Korea, and Japan as key contributors [17] - The flexible AMOLED market share in smartphones is expected to rise from 28% in 2022 to 40% in 2024, driven by the demand for high-end smartphone models [19][21] Competitive Landscape - Samsung is the leading global supplier of flexible OLED displays, while BOE Technology Group is the largest producer in China, having broken the international monopoly in 2017 [23] - Chinese companies like BOE, Visionox, Tianma, and TCL Huaxing have made significant technological advancements, enhancing their competitiveness and gradually reducing Samsung's market dominance [23]

Group 1: Market Overview - In the first 25 days of May, the national retail sales of passenger cars reached 1.358 million units, a year-on-year increase of 16% compared to the same period last year, and a month-on-month increase of 9% [1] - The retail sales of new energy vehicles (NEVs) during the same period reached 726,000 units, representing a year-on-year growth of 31% and a month-on-month increase of 11%, with a market penetration rate of 53.5% [1] - Cumulatively, 8.23 million passenger cars have been sold this year, showing a year-on-year growth of 9% [1] Group 2: HUD Technology Insights - The delivery volume of head-up display (HUD) vehicles in China is expected to reach 3.56 million units in 2024, marking a year-on-year growth of over 55%, with the penetration rate increasing from 11% in 2023 to 16% in 2024 [1] - The HUD market has surpassed the early adopter threshold of 16%, indicating a shift from linear to exponential growth in technology diffusion [1] - The domestic HUD industry chain benefits from a more complete structure and lower costs, approximately 50% lower than foreign counterparts, due to rapid development in the automotive sector [2] Group 3: Company Performance - Sunny Optical Technology (02382) is recognized as an industry leader in automotive lenses, with expectations for continued market share growth, driven by new growth engines such as laser radar, smart car lights, and HUD [3] - BOE Technology Group (00710) is a leading developer of TFT LCDs, focusing on automotive and industrial displays, with its BOEVx platform gaining market recognition for advanced display technologies [4] - Xinyi International (00732) reported a cumulative net revenue of approximately HKD 17.78 billion in 2024, a year-on-year increase of about 14.1%, with significant production capacity in TFT automotive displays [4]

信利集团副总裁宋贝贝在推介会现场表示，"目前，信利在仁寿的27条LCD屏生产线和25条手机 显示模组生产线已满负荷生产。下一步，我们还将继续和仁寿加深合作。" 【WitsView整理】 据仁寿融媒体中心消息，5月27日，信利（仁寿）高端显示科技有限公司（下文简 称"仁寿信利"）出席了四川仁寿县（深圳）招商引资推介会，并完成了信利车载显示项目的签约。 图片来源：仁寿融媒体中心 据了解，信利自2017年开始落户仁寿，并投建了一个高端显示项目（第5代TFT-LCD高端车载及 智能终端显示生产线），主要生产薄膜晶体管（TFT-LCD）液晶显示器及显示模块等。项目于 2017年12月开工建设，目前已经实现量产。 2024年，仁寿信利项目总产值达到105亿元，产能利用率达到了90%以上。2025年2月，仁寿信 利的负责人曾表示，公司每月产能约为110k大板，预计2025年下半年有望突破每月130K大板。 信利集团最新年报显示，2024年，公司录得收益约为178.4亿港元，同比增长14.4%；公司拥有 人应占利益约为3.02亿港元，同比上升14.9%。 信利集团在年报指出，公司持有仁寿信利 17.14%的 股权，后者的α- ...

Financial Performance - Revenue for the year ended December 31, 2024, was HK$17,840,169, representing a 14.4% increase from HK$15,588,143 in 2023[8]. - Gross profit increased by 4.8% to HK$1,386,233 in 2024, compared to HK$1,322,293 in 2023[8]. - Profit attributable to owners of the Company rose by 14.9% to HK$302,085 in 2024 from HK$262,799 in 2023[8]. - EBITDA decreased by 3.9% to HK$1,976,817 in 2024, down from HK$2,057,669 in 2023[8]. - Basic earnings per share (EPS) increased by 15.0% to 9.56 HK cents in 2024, compared to 8.31 HK cents in 2023[8]. - The gross profit margin for the year decreased to approximately 7.8% in 2024 from 8.5% in 2023, primarily due to increased revenue from lower-margin smartphone products[36]. - The Group recorded a revenue increase of 14.4% to approximately HK$17.84 billion for the year ended December 31, 2024, compared to HK$15.59 billion in 2023[39]. - Profit attributable to shareholders increased by approximately 14.9% to about HK$302 million for the year, up from HK$263 million in 2023[39]. - Basic earnings per share rose from HK$0.0831 in 2023 to HK$0.0956 in 2024[39]. Revenue Breakdown - Revenue from LCD products accounted for 86% of total turnover in 2023, while electronic consumer products made up 14%[19]. - In 2024, the geographical revenue breakdown showed 64% from China, 10% from South Korea, and 8% from Europe[16]. - The Group's LCD business, including touch products, accounted for 70% of total revenue in 2024, down from 86% in 2023[37]. - Other businesses, including compact camera modules and fingerprint identification products, accounted for 30% of total revenue in 2024, up from 14% in 2023[37]. - External sales of LCD products amounted to HK$12.54 billion, while electronic consumer products generated HK$5.30 billion in revenue for 2024[46]. - Revenue from external customers in the People's Republic of China was HK$11.63 billion in 2024, an increase from HK$10.04 billion in 2023[52]. Dividends - The final dividend proposed is 5 HK cents per share, unchanged from 2023, pending shareholder approval[9]. - The interim dividend paid for 2024 is HKD 0.05 per share, consistent with 2023[108]. - The proposed final dividend is also HKD 0.05 per share, pending shareholder approval[108]. - The total dividend payout ratio for the year was about 105%[102]. Research and Development - The Group invested approximately HK$680 million in research and development in 2024, compared to HK$658 million in 2023[37]. Management and Governance - The management is optimistic about achieving steady growth in 2025 despite uncertainties in the global economic environment[27]. - The management maintains a cautiously optimistic outlook for 2025, anticipating moderate growth compared to 2024[56]. - The Company has a strong board of directors with extensive experience in finance, audit, and corporate governance[152]. - The independent non-executive directors are actively involved in the Group's Audit, Remuneration, and Nomination Committees, ensuring robust oversight[129]. - The Company has established a Remuneration Committee and a Nomination Committee in accordance with the Corporate Governance Code[188]. - The Board is committed to maintaining high standards of corporate governance to safeguard shareholder interests[189]. Assets and Liabilities - The Group's assets increased by approximately HK$244 million, while liabilities increased by approximately HK$712 million during the year[88]. - As of December 31, 2024, the Group had net current liabilities of approximately HK$5.67 billion, up from approximately HK$4.13 billion as of December 31, 2023, with a current ratio decreasing to 0.62 times[90]. - The gearing ratio based on total interest-bearing debts, net of restricted bank deposits, cash, and bank balances was approximately 56%, up from 55% at December 31, 2023[91]. Employee and Staff Costs - Total staff costs for 2024 were approximately HK$1.74 billion, with around 14,800 workers and staff employed in the PRC factories[96]. - The total employee cost for 2024 is approximately HKD 1.741 billion[104]. Other Financial Information - Other income for the Year was approximately HK$223 million, an increase of approximately 103.8% or approximately HK$114 million compared to 2023, mainly due to government subsidies received[61]. - Administrative expenses increased by approximately 2.7% or approximately HK$12 million to approximately HK$461 million compared to 2023, primarily due to increased salaries and allowances[70]. - Finance costs decreased by approximately 2.4% or approximately HK$9 million to approximately HK$380 million compared to 2023, mainly due to reduced interest expenses for lease liabilities[71]. - The Group's net other losses for the Year were approximately HK$87 million, an increase from approximately HK$18 million in 2023, primarily due to higher losses on disposal of obsolete machinery[62]. - The reversal of expected credit loss model was approximately HK$11 million, an increase from approximately HK$2 million in 2023, due to recovery of certain credit-impaired financial assets[63]. - Distribution and selling expenses decreased by approximately 0.3% or approximately HK$1 million to approximately HK$320 million compared to 2023, attributed to tight cost control[64]. Corporate Actions - The Proposed Spin-off will not proceed at this stage as per the adjusted business development strategies[57]. - The Company has not adopted any share option scheme or other share scheme during the year[163]. - The Company has not purchased, redeemed, or sold any of its listed securities during the year ended December 31, 2024[178]. - There are no significant contingent liabilities as of December 31, 2024[106]. - The Company confirmed compliance with the disclosure requirements of the Listing Rules[175].

Core Viewpoint - The recent financial reports from ten display companies indicate varied performance, with some companies showing significant growth while others face declines in revenue and profit margins [1]. Group 1: Company Performance - BOE Technology Group reported revenue of 125.61 billion RMB, a 25% increase year-on-year, but a net profit decline of 18% to 3.65 billion RMB [3][5]. - Xinli International achieved revenue of 166.63 billion RMB, up 14.4%, with net profit increasing by 14.9% to 2.82 billion RMB, driven by smartphone business growth [6][8]. - Deep Textile reported revenue of 33.35 billion RMB, an 8.3% increase, and net profit of 89.37 million RMB, up 12.75% [10]. - Lens Technology saw revenue rise to 698.97 billion RMB, a 28.27% increase, with net profit of 36.24 billion RMB, up 19.94% [12]. - Puyang Huicheng's revenue was 14.11 billion RMB, a modest 2.31% increase, but net profit fell by 18.53% to 1.92 billion RMB [14]. - Landai Technology reported revenue of 35.35 billion RMB, a 25.93% increase, and a significant net profit increase of 134.04% to 1.24 billion RMB [16][18]. - Kaisheng Technology's revenue decreased by 2.32% to 48.94 billion RMB, while net profit rose by 30.76% to 1.4 billion RMB [19][20]. - Nanjing Panda reported a revenue decline of 9.15% to 26.46 billion RMB, with a net loss of 14.14 million RMB [21][24]. - Tiande Yu achieved a revenue of 21.02 billion RMB, a 73.88% increase, with net profit rising by 143.61% to 2.75 billion RMB [25][26]. - GoerTek reported revenue of 1009.5 billion RMB, a 2.41% increase, with net profit soaring by 144.93% to 2.67 billion RMB [27][29]. Group 2: Industry Trends - The display materials industry is undergoing a restructuring, with OLED materials demand increasing due to the growth of OLED panel production [14]. - The touch display panel industry is recovering, with traditional consumer products showing signs of rebound, particularly in automotive and large-size displays [18]. - The demand for smart devices, including VR/MR and wearables, is driving growth in the precision components and smart hardware sectors [29].

Group 1 - The core viewpoint of the articles highlights the financial performance of the company, with a reported profit of 302 million HKD, representing a year-on-year increase of 14.9% [1] - The company achieved a revenue of 17.84 billion HKD for the fiscal year ending December 31, 2024, which is a 14.4% increase compared to the previous year [1] - The earnings per share are reported at 9.56 HKD cents, with a proposed final dividend of 5 HKD cents per share [1] Group 2 - Looking ahead to 2025, the company maintains a cautiously optimistic outlook amid uncertainties in the global economic environment and geopolitical challenges, expecting moderate growth compared to 2024 [2] - The company emphasizes its long-term collaboration with leading global brand clients to understand industry technology trends and needs, focusing on joint product development and continuous investment in production equipment upgrades [2] - The company plans to concentrate on technology research and development in non-mobile sectors such as automotive, industrial, medical, and IoT, while also deepening its mobile business foundation to maintain a technological leadership position in the market [2]

Financial Performance - Total revenue for the fiscal year 2024 reached HKD 17,840,169,000, representing a 14.4% increase from HKD 15,588,143,000 in the previous year[3] - Gross profit amounted to HKD 1,386,233,000, up from HKD 1,322,293,000, indicating a growth of 4.8%[3] - Net profit attributable to shareholders was HKD 262,799,000, a decrease of 14.9% compared to HKD 302,085,000 in the prior year[3] - EBITDA for the year was HKD 2,057,669,000, reflecting a decline of 3.9% from HKD 1,976,817,000[3] - Earnings per share increased to HKD 9.56, a rise of 15.0% from HKD 8.31[3] - The total comprehensive income for the year was HKD 246,565,000, up from HKD 160,436,000[4] - The company reported a total revenue of 302,085 thousand HKD for the current year, compared to 262,799 thousand HKD in the previous year, representing a growth of approximately 14.9%[5] - The net profit attributable to shareholders was 160,436 thousand HKD, a significant increase from 246,565 thousand HKD in the previous year, indicating a decrease of about 34.8%[5] - Earnings per share (EPS) for the current year was 11 cents, compared to 9.56 cents in the previous year, reflecting an increase of approximately 15.1%[5] - The company reported a net profit for the fiscal year 2024 reached HKD 302,085,000, an increase from HKD 262,799,000 in fiscal year 2023, representing a growth of approximately 14.1%[33] - Basic earnings per share for fiscal year 2024 is reported at HKD 11, with the weighted average number of shares being 3,161,105,000[34] - The group’s net profit attributable to shareholders increased by approximately 14.9% or HKD 0.039 billion to about HKD 3.02 billion, driven by increased revenue and other income[58] Income and Expenses - The company reported other income of HKD 223,234,000, compared to HKD 109,537,000 in the previous year[4] - Other income increased to HKD 223,234,000 in 2024 from HKD 109,537,000 in 2023, marking a growth of about 103.5%[29] - Government subsidies amounted to HKD 151,853,000 in 2024, up from HKD 52,044,000 in 2023, indicating a significant increase of approximately 191.5%[29] - Interest income rose slightly to HKD 23,734,000 in 2024 from HKD 21,556,000 in 2023, reflecting an increase of about 10.1%[29] - The financial expenses for the year amounted to HKD 389,443, which impacted the overall profitability of the group[23] - The group’s total operating expenses, including unallocated expenses, were HKD 24,975, which affected the net profit margins[23] - The impairment loss on goodwill for the year was HKD 53,424, indicating challenges in maintaining asset valuations[23] - The group recognized a share of profits from an associated company amounting to HKD 46,802, contributing positively to the overall financial results[23] Assets and Liabilities - The total non-current assets reached 15,708,771 thousand HKD, up from 15,604,178 thousand HKD, showing a growth of about 0.7%[6] - Current assets, including cash and cash equivalents, amounted to 8,796,863 thousand HKD, a slight decrease from 9,145,033 thousand HKD, indicating a decline of approximately 3.8%[6] - The company’s inventory increased to 3,206,930 thousand HKD from 2,667,757 thousand HKD, representing a growth of about 20.2%[6] - Accounts receivable decreased to 3,576,849 thousand HKD from 3,721,412 thousand HKD, indicating a decline of approximately 3.9%[6] - The company reported a total of 12,928,174 thousand HKD in property, plant, and equipment, an increase from 11,842,258 thousand HKD, reflecting a growth of about 9.2%[6] - The company’s total liabilities decreased to 15,708,771 thousand HKD from 15,604,178 thousand HKD, indicating a reduction of about 0.7%[6] - Total current liabilities decreased from HKD 14,811,804 thousand in 2022 to HKD 12,929,914 thousand in 2023, representing a reduction of approximately 12.7%[7] - The company's total equity decreased from HKD 9,352,556 thousand in 2022 to HKD 9,820,763 thousand in 2023, reflecting a decrease of approximately 4.8%[7] - The company's bank and other borrowings increased from HKD 6,275,862 thousand in 2022 to HKD 5,104,469 thousand in 2023, which is a rise of approximately 23.0%[7] - As of December 31, 2024, the company's total assets increased by approximately HKD 244 million, while liabilities increased by approximately HKD 712 million[63] - As of December 31, 2024, the company's outstanding lease liabilities and bank borrowings amounted to approximately HKD 5.164 billion, a decrease of about 2.49% or HKD 132 million from the previous year[64] Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.05 per share, consistent with the previous year[3] - The company declared an interim dividend of HKD 0.05 per share for the first half of fiscal year 2024, consistent with the interim dividend of HKD 0.05 per share in fiscal year 2023[33] - The proposed final dividend is HKD 0.05 per share for the year ending December 31, 2024, consistent with the previous year[75] - The total dividend payout ratio for the year is approximately 105%[76] Strategic Initiatives and Future Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[3] - The company is exploring strategic acquisitions to enhance market presence and product offerings in the upcoming fiscal year[25] - The management maintains a positive outlook for 2025, expecting stable growth despite uncertainties in the global economic environment[40] - The group expects moderate growth in the overall market performance for 2025, with continued focus on technology development in non-mobile sectors such as automotive, industrial, and medical[47] Compliance and Governance - The audit committee has reviewed and confirmed that the annual performance for the year ending December 31, 2024, complies with applicable accounting standards and regulations[83] - The company has established a remuneration committee and a nomination committee, both chaired by an independent non-executive director[84] - The company has maintained compliance with all applicable corporate governance codes as of December 31, 2024, with some deviations noted[85] - The annual general meeting is scheduled for May 12, 2025, at 10:00 AM[79] Business Segments - The group operates in two business segments: liquid crystal display products and electronic consumer products, focusing on manufacturing and distribution in both categories[20] - The group’s liquid crystal display business accounted for approximately 70% of total revenue in 2024, down from 86% in 2023, while other businesses accounted for 30% in 2024, up from 14% in 2023[45] Accounting Standards - The company has adopted new accounting standards which did not have a significant impact on its financial position and performance[10] - The group has applied the new accounting standards regarding the classification of liabilities as current or non-current, with no significant impact on the consolidated financial statements for the current year[15] - The group has also implemented the new accounting standards related to supplier financing arrangements, enhancing disclosures regarding the impact of such arrangements on liabilities and cash flows[16] - The application of the 2022 amendments clarifies that liabilities must be classified based on existing rights at the reporting date, regardless of management's intentions to settle within 12 months[14] - The group must disclose information regarding any covenants related to liabilities that may affect their classification as current or non-current, ensuring transparency for financial statement users[14] - The group has provided additional disclosure in the notes to the consolidated financial statements regarding the impact of the new accounting standards[18] - The 2020 amendments provide guidance on assessing the classification of liabilities, emphasizing the importance of existing rights at the reporting date[13] - The group has not been required to disclose comparative information for the first year of applying the new standards, simplifying the reporting process[17]

财联社1月3日电，信利国际(00732.HK)在港交所发布公告，按照目前市况作出调整后，董事会决定终止 分拆公司间接全资附属公司信利工业(汕尾)股份有限公司上市辅导备案并于今日向中国证券监督管理委 员会广东监管局作出终止申请。 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 8,585,292 thousand, an increase of 18.3% compared to HKD 7,258,234 thousand in 2023[5] - Gross profit for the same period was HKD 697,377 thousand, reflecting a growth of 5.6% from HKD 660,320 thousand[5] - Profit attributable to owners of the company was HKD 174,151 thousand, up 3.9% from HKD 167,578 thousand[5] - EBITDA for the period was HKD 987,395 thousand, a decrease of 7.8% from HKD 1,070,667 thousand in the previous year[5] - Basic earnings per share increased to HKD 5.51, compared to HKD 5.30 in the prior year, marking a 4.0% rise[5] - The company reported a profit of HKD 167,578 for the six months ending June 30, 2024, compared to a loss of HKD 36,886 in the previous period[18] - The company’s total comprehensive income for the period was reported as a loss of HKD 449,508[18] - The profit for the six months ended June 30, 2024, was HKD 174,151,000, compared to HKD 167,578,000 for the same period in 2023, representing an increase of approximately 3.4%[40] Assets and Liabilities - Non-current assets totaled HKD 16,293,225 thousand as of June 30, 2024, compared to HKD 15,708,771 thousand at the end of 2023[12] - Total assets less current liabilities stood at HKD 11,091,010, showing a decrease from HKD 11,575,720[15] - The net asset value decreased to HKD 9,513,058 from HKD 9,820,763 as of December 31, 2023, reflecting a decline of approximately 3.12%[16] - Non-current liabilities, including bank and other borrowings, were recorded at HKD 1,414,013 as of June 30, 2024[15] - The total equity attributable to owners of the company decreased to HKD 9,340,560 from HKD 9,598,086, indicating a reduction of approximately 2.69%[18] - As of June 30, 2024, total current liabilities amounted to HKD 14,681,975, with bank and other borrowings at HKD 5,261,063[15] - The company’s total liabilities increased to HKD 6,238,760 million as of June 30, 2024, compared to HKD 5,981,455 million as of December 31, 2023, indicating a rise of approximately 4.3%[48] Cash Flow and Financing - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 4,013,909, compared to HKD 1,704,394 for the same period in 2023, representing an increase of approximately 135.5%[23] - The net cash used in financing activities for the six months ended June 30, 2024, was HKD 3,146,027, compared to HKD 1,257,226 for the same period in 2023, reflecting an increase of approximately 150.5%[23] - The cash and cash equivalents increased to HKD 1,223,864 thousand from HKD 802,291 thousand at the end of 2023[12] - The cash flow from investing activities for the six months ended June 30, 2024, was a net outflow of HKD 449,798, compared to a net outflow of HKD 178,964 for the same period in 2023, indicating a significant increase in investment activities[23] - The group obtained new bank loans of approximately HKD 3,748 million during the reporting period, compared to HKD 5,041 million in the same period last year[49] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.05 per share, consistent with the previous year[5] - The company declared dividends amounting to HKD 158,055 during the reporting period[18] - The board has declared an interim dividend of HKD 0.05 per share, consistent with the previous year[78] Operational Highlights - The revenue from liquid crystal display products for the six months ended June 30, 2024, was HKD 5,998,619, while the revenue from electronic consumer products was HKD 2,586,673, contributing to the total revenue of HKD 8,585,292[29] - Smartphone-related product sales grew significantly by 44.3% year-on-year, while non-smartphone-related products recorded slight growth[62] - The group acquired properties, plants, and equipment totaling HKD 388,263,000 during the period, compared to HKD 205,887,000 for the same period in 2023, reflecting an increase of approximately 88.3%[42] - The company plans to continue expanding its production facilities and increasing registered capital, as indicated by the legal surplus reserves and corporate development reserves established in its subsidiaries in China[22] Administrative and Other Expenses - The company reported a decrease in administrative expenses to HKD 242,374 thousand from HKD 218,491 thousand in the previous year[8] - Administrative expenses increased by approximately 10.9% to about HKD 242.4 million, mainly due to rising insurance costs and other taxes in China[68] - Distribution and selling expenses decreased by approximately 14.4% to about HKD 154.2 million, attributed to lower freight rates and salary costs[69] Market Outlook - The company is cautiously optimistic about the second half of 2024, focusing on market demand developments and supply chain changes to achieve business growth[71] Compliance and Governance - The audit committee has reviewed the unaudited interim condensed consolidated financial statements for the period, confirming compliance with applicable accounting standards[90] - The roles of the Chairman and CEO are not separated, with Mr. Lin Wei Hua holding both positions, which the board believes enhances efficiency in business strategy formulation and execution[91] - The Chairman did not attend the annual general meeting held on May 13, 2024, due to his presence at the company's factory in Shanwei since February 2020[92] - The interim report is published on the "Disclosure of Easy" website and the company's website, in compliance with the relevant listing rules[94]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 8,585,292 thousand, representing an increase of 18.3% compared to HKD 7,258,234 thousand for the same period in 2023[1] - Gross profit increased by 5.6% to HKD 697,377 thousand from HKD 660,320 thousand year-over-year[1] - Profit attributable to owners of the company for the period was HKD 174,151 thousand, up 3.9% from HKD 167,578 thousand in the previous year[1] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased by 7.8% to HKD 987,395 thousand from HKD 1,070,667 thousand year-over-year[1] - Basic earnings per share increased by 4.0% to HKD 5.51 from HKD 5.30 in the same period last year[3] - The company reported other income of HKD 80,632 thousand, up from HKD 75,965 thousand in the previous year[2] - The company’s total comprehensive income for the period was HKD 127,882 thousand, compared to HKD 130,692 thousand in the same period last year[2] - The company reported a pre-tax profit of HKD 154,679 for the six months ending June 30, 2024[9] - The total revenue from sales of goods, property, and equipment for the period was HKD 6,573,149,000, up from HKD 5,315,243,000 in the previous year, indicating a growth of approximately 23.6%[12] - The net profit attributable to the company's owners increased by approximately 3.9% to about HKD 174.2 million, driven by increased revenue and gross profit[27] Assets and Liabilities - Total liabilities as of June 30, 2024, amounted to HKD 14,681,975 thousand, compared to HKD 12,929,914 thousand as of December 31, 2023[4] - Current assets totaled HKD 9,479,760 thousand, an increase from HKD 8,796,863 thousand year-over-year[4] - The company’s total assets decreased from HKD 9,820,763 as of December 31, 2023, to HKD 9,513,058 as of June 30, 2024, reflecting a decline of approximately 3.12%[5] - Non-current liabilities increased from HKD 1,570,967 to HKD 1,577,952, indicating a rise of about 0.45%[5] - The net equity attributable to shareholders decreased from HKD 9,598,086 to HKD 9,340,560, a decline of approximately 2.69%[5] - The total liabilities of the company as of June 30, 2024, were HKD 1,577,952, which includes bank and other borrowings of HKD 1,414,013[5] - The company's accounts receivable as of June 30, 2024, amounted to HKD 3,322,630,000, slightly down from HKD 3,349,290,000 as of December 31, 2023[14] - The total amount of accounts receivable and other receivables was HKD 3,567,686,000, compared to HKD 3,577,105,000 in the previous period[15] - The net amount of bank borrowings and other debts decreased by approximately 6.8% or HKD 359 million, totaling approximately HKD 4.937 billion as of June 30, 2024[31] - The company's current liabilities net amount increased to approximately HKD 5.202 billion, up from HKD 4.133 billion as of December 31, 2023, with a current ratio decreasing from 0.68 to 0.65[31] Expenses and Costs - The company incurred employee costs of HKD 840,771,000, an increase from HKD 731,588,000 in the previous year, reflecting a rise of approximately 14.9%[12] - Administrative expenses increased by approximately 10.9% or HKD 239 million to about HKD 242.4 million, mainly due to increased insurance costs and other taxes in China[25] - Distribution and selling expenses decreased by approximately 14.4% or HKD 259 million to about HKD 154.2 million, primarily due to reduced freight and salary costs[26] - The company’s financial expenses for the six months ending June 30, 2024, were HKD 193,061, compared to HKD 191,756 for the same period in the previous year[10] Market and Business Outlook - The smartphone-related product business grew significantly by 44.3% year-on-year, while non-smartphone-related products recorded slight growth[20] - The domestic smartphone market shipment volume was 147 million units in the first half of 2024, representing a year-on-year growth of 13.2%[20] - The company maintains a cautiously optimistic outlook for the second half of 2024, focusing on technological demand and supply chain changes in the display and non-display sectors[28] - The company is committed to providing high-quality products and solutions while steadily expanding its business to achieve growth[28] Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[38] - The company has adhered to all applicable corporate governance code provisions, except for the separation of roles between the Chairman and CEO, which are held by the same individual[39] Dividends and Shareholder Returns - The company maintained an interim dividend of HKD 5 per share, consistent with the previous year[1] - The company plans to declare an interim dividend of HKD 0.05 per share, consistent with the previous year[34] Significant Events - The company completed the acquisition of an additional 12.55% stake in Xinli Renshou for RMB 1,097,460,000, increasing its effective interest from 17.14% to 29.69%[29] - The total investment for the establishment of the AMOLED joint venture company is RMB 27.9 billion, with the company contributing RMB 2 billion for a 13.3% stake[30] - No significant events affecting the group have occurred after June 30, 2024, up to the date of this announcement[41]