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]

Financial Performance - The Group's revenue for 2023 was approximately HK$15.59 billion, a decrease of 19.2% compared to 2022, primarily due to reduced revenue from the smartphone business[4] - Profit attributable to owners of the Company decreased by approximately 17.4% to HK$263 million in 2023[4] - Earnings per share for 2023 were HK$8.31, down from HK$9.77 in 2022[27] - Revenue for 2023 decreased by 19.2% to approximately HK$15.59 billion, down from HK$19.29 billion in 2022, primarily due to a significant decrease in smartphone-related sales in the PRC[30] - Profit attributable to owners of the Company decreased by approximately 17.4% to approximately HK$263 million, compared to approximately HK$318 million in 2022[30] - Basic earnings per share decreased to 8.31 HK cents from 9.77 HK cents in 2022[30] - Gross profit for 2023 was HK$1,322,293, down 11.0% from HK$1,484,972 in the previous year[78] - EBITDA for the year was HK$2,057,669, representing a decrease of 12.6% from HK$2,354,462 in 2022[78] - The overall financial performance indicates a need for strategic adjustments to address declining revenues and profits[70] Revenue Breakdown - External sales of LCD products amounted to HK$13.38 billion, while electronic consumer products generated HK$2.21 billion, totaling HK$15.59 billion in revenue[18] - The Group's LCD business, including touch products, accounted for approximately 86% of total revenue in 2023, compared to 81% in 2022[30] - Other businesses, including compact camera modules and fingerprint identification products, contributed 14% to total revenue in 2023, down from 19% in 2022[30] - Revenue from external customers in China for 2023 was HK$10,133,308, down from HK$13,528,016 in 2022, indicating a decrease of about 25%[112] - Revenue from South Korea was HK$1,147,860 in 2023, down from HK$1,421,249 in 2022, a decline of approximately 19%[112] Profitability Metrics - The gross profit margin increased to approximately 8.5%, which is 0.8% higher than in 2022[4] - Gross profit margin increased to approximately 8.5% in 2023, up from 7.7% in 2022, while net profit margin attributable to owners increased to 1.7% from 1.6%[30] - The operating profit margin for 2023 was 6.5%, down from 7.3% in 2022[81] Cost Management - The management plans to tighten control over costs and expenses to improve product competitiveness[7] - Distribution and selling expenses decreased by approximately 29.9% or approximately HK$137 million to approximately HK$321 million compared to 2022[153] - Administrative expenses decreased by approximately 23.1% or approximately HK$135 million to approximately HK$449 million compared to 2022[153] Future Outlook - The management anticipates steady growth in 2024, supported by a significant increase in sales in the first two months compared to the same period in 2023[7] - The management maintains a cautiously optimistic outlook for 2024, focusing on R&D and cost control to drive growth[137][151] - The company plans to focus on market expansion and new product development in the upcoming year[70] Research and Development - The Group invested approximately HK$658 million in research and development in 2023, compared to HK$796 million in 2022[30] - The Group will continue to focus on display module products and invest in human resources and technology R&D to enhance product design and manufacturing capabilities[7] Corporate Governance - The Board is responsible for formulating and approving the Company's business strategies, objectives, policies, and plans, as well as monitoring their execution[193] - The Board oversees the Company's operating and financial performance and establishes risk control policies to ensure strategic objectives are met[198] - The total number of meetings held by the Board was 4, with all directors attending all meetings[190] - The management team, led by Managing Director Mr. Lam Wai Wah, is responsible for executing strategies and day-to-day operations[194] - The Company aims to improve its corporate governance structure and enhance communication with shareholders[192] - The remuneration committee advises on the compensation policies for directors and senior management, with details provided in the financial statements[200] Asset and Liability Management - Total assets decreased to approximately HK$24.51 billion in 2023 from HK$26.49 billion in 2022[33] - Total liabilities decreased to approximately HK$14.68 billion in 2023 from HK$16.15 billion in 2022[33] - Equity attributable to owners of the Company decreased to approximately HK$9.60 billion in 2023 from HK$9.99 billion in 2022[33] Other Financial Information - Other income for the Year was approximately HK$110 million, a decrease of approximately 53.2% or approximately HK$125 million compared to 2022[153] - The Group recorded net other losses of approximately HK$18 million, an increase from net other gains of approximately HK$78,000 in 2022, primarily due to a net loss on disposal of obsolete machineries increasing to approximately HK$75 million[153] - The reversal of impairment losses under the expected credit loss model was approximately HK$2 million, down from approximately HK$36 million in 2022[153] - For the year ended 31 December 2023, audit fees amounted to HK$4,800,000 and non-audit fees were HK$205,000[191]

Financial Performance - The group reported revenue of HKD 13,382,037 thousand for the year 2023, a decrease from HKD 15,693,468 thousand in 2022, representing a decline of approximately 14.8%[28]. - Total revenue for the fiscal year 2023 was HKD 15,588,143, a decrease of 19.2% compared to HKD 19,287,434 in 2022[32]. - Revenue from electronic consumer products was HKD 15,588,143 thousand in 2023, down from HKD 19,287,434 thousand in 2022, reflecting a decline of approximately 19.5%[28]. - The group recorded a revenue decrease of 19.2% to approximately HKD 15.59 billion for the year, down from HKD 19.29 billion in 2022, primarily due to a significant reduction in sales of smartphone-related products in China[89][96]. - The liquid crystal display business accounted for approximately 86% of the group's revenue in 2023, up from 81% in 2022[121]. Profitability - The basic earnings per share for the year were HKD 8.31, down from HKD 9.77 in the previous year, indicating a decrease of about 15%[25]. - Net profit attributable to shareholders for the fiscal year 2023 was HKD 262,799, a decline of 17.4% from HKD 318,233 in 2022[32]. - The gross profit for the fiscal year 2023 was HKD 1,322,293, down 11.0% from HKD 1,484,972 in 2022[32]. - The pre-tax profit for the year was HKD 249,385, down from HKD 376,565 in 2022, reflecting a decrease of about 33.8%[52]. - The gross profit margin increased to approximately 8.5% for the year, compared to 7.7% in 2022, while the net profit margin rose to 1.7%, up from 1.6% in the previous year[90]. Assets and Liabilities - Total non-current assets decreased from HKD 17,226,793 thousand in 2022 to HKD 15,708,771 thousand in 2023, a decline of approximately 8.8%[5]. - Current assets increased from HKD 9,264,330 thousand in 2022 to HKD 8,796,863 thousand in 2023, a decrease of about 5.0%[5]. - Total liabilities decreased from HKD 14,017,536 thousand in 2022 to HKD 12,929,914 thousand in 2023, a reduction of approximately 7.8%[12]. - The company’s total equity attributable to owners decreased from HKD 9,985,685 thousand in 2022 to HKD 9,598,086 thousand in 2023, a decline of approximately 3.9%[12]. - The company’s liabilities to assets ratio improved from 57.5% in 2022 to 56.2% in 2023, indicating a stronger balance sheet position[12]. Cash Flow and Expenses - The company reported a decrease in cash and cash equivalents from HKD 858,759 thousand in 2022 to HKD 802,291 thousand in 2023, a drop of approximately 6.6%[5]. - The company incurred financial expenses of HKD 742,205, compared to HKD 831,891 in the previous year, showing a reduction of about 10.7%[52]. - The interest expense on bank loans and other borrowings for 2023 was HKD 362,866,000, up from HKD 309,345,000 in 2022, representing an increase of approximately 17.3%[73]. - Other income for the fiscal year 2023 was HKD 109,537, down from HKD 234,084 in 2022[34]. - Distribution and selling expenses decreased by approximately 29.9% or HKD 137 million to about HKD 321 million, mainly due to reduced freight costs[100]. Research and Development - The company reported a net research expense of HKD 657,738,000 for 2023, compared to HKD 795,989,000 in 2022, indicating a reduction of approximately 17.4%[64]. - The group invested approximately HKD 658 million in research and development during the year, down from HKD 796 million in 2022[91]. Market Strategy and Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future revenue growth[13]. - The group continues to maintain a cautious yet optimistic outlook for 2024, with significant sales increases noted in the first two months compared to 2023, indicating confidence in stable growth for the upcoming year[93]. - The company plans to continue focusing on display products, including smartphones and smart wearables, while enhancing product design and manufacturing capabilities[117]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.05 per share for the fiscal year 2023, consistent with the previous year[32]. - The total dividend payout ratio for the year is approximately 120%[142]. - The company recognized a dividend of HKD 158,055,000 for the year, consistent with the previous year's dividend of HKD 164,461,000[81]. Accounting and Compliance - The application of new accounting standards did not have a significant impact on the group's financial position and performance[22]. - The group has adopted the revised Hong Kong Financial Reporting Standards, which clarified the definition of significant accounting policy information[21]. - The group has implemented new accounting policies effective from January 1, 2022, related to lease transactions and deferred tax assets[17].

智通财经APP获悉，信利国际(00732)午后涨近6%，截至发稿，涨5.8%，报0.73港元，成交额258.57万港元。 消息面上，2月22日下午，华为正式发布新款竖折旗舰Pocket 2。上海证券分析，折叠屏手机产业链有望持续延伸。中金则认为，随着OLED性能优势带来的需求增长逐渐扩散至全尺寸领域，叠加供给侧国内本土产能布局逐步完善，OLED有望进一步提升其在各个尺寸应用场景下的渗透率，同时助推OLED产业链上中下游国产化替代进程。 值得注意的是，信利国际此前公布，集团于2024年1月未经审核综合营业净额约为16.37亿港元，较2023年1月未经审核综合营业净额约8.87亿港元增加约84.6%。 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 7,258,234 thousand, a decrease of 32.5% compared to HKD 10,794,366 thousand in the same period of 2022[7] - Gross profit for the same period was HKD 660,320 thousand, down 38.3% from HKD 1,069,900 thousand year-on-year[7] - Profit before tax decreased to HKD 161,055 thousand, a decline of 74.0% from HKD 620,051 thousand in the previous year[7] - Net profit for the period was HKD 130,692 thousand, representing a 75.2% decrease compared to HKD 528,014 thousand in the prior year[7] - Profit attributable to the company's owners for the period was HKD 167,578, representing a decline of 70.1% from HKD 560,422 in the previous year[29] - EBITDA for the six months was HKD 1,070,667, a decrease of 34.0% compared to HKD 1,622,106 in the prior year[29] - Basic earnings per share for the period were HKD 5.30, down 68.9% from HKD 17.05 in the same period last year[29] - The total comprehensive income attributable to the company's owners for the period was HKD 130,692, compared to HKD 528,014 in the previous year[33] - The total comprehensive loss for the period was HKD 821,929, reflecting the impact of foreign exchange differences[39] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 15,911,356 thousand, down from HKD 17,226,793 thousand as of December 31, 2022[16] - Non-current assets decreased to HKD 15,911,356 thousand from HKD 17,226,793 thousand, indicating a reduction in asset value[16] - Current liabilities amounted to HKD 13,188,990 thousand, compared to HKD 14,017,536 thousand in the previous audited period[19] - The company reported a net asset value of HKD 9,729,318 thousand, down from HKD 10,336,903 thousand[19] - The group’s total borrowings as of June 30, 2023, were HKD 7,188,806,000, reflecting an increase from previous periods[13] - The total accounts payable and other payables as of June 30, 2023, amounted to HKD 5,021,096,000, compared to HKD 5,860,163,000 as of December 31, 2022[13] Cash Flow and Investments - Cash generated from operating activities for the six months was HKD 1,704,394, indicating a strong cash flow position[56] - The net cash increase for the period was HKD 268,204, with cash and cash equivalents at the end of the period totaling HKD 1,103,443[56] - The group incurred a net cash outflow from investing activities of HKD (188,669) primarily due to purchases of property, plant, and equipment[56] - Financing activities resulted in a net cash outflow of HKD (5,902,154), largely due to repayment of bank loans and share buybacks[56] Market and Strategic Initiatives - The company plans to focus on market expansion and new product development to improve future performance[17] - The financial outlook remains cautious due to ongoing market challenges and economic conditions[17] - The smartphone industry remains in a downward trend, with intense competition in the market impacting the group’s performance[135] - The group continues to enhance its R&D capabilities and strengthen collaboration with customers to develop new products[135] - The company is facing challenges in the smartphone-related product business due to uncertainties in the global economic environment affecting demand[156] Accounting and Compliance - The group has applied new accounting standards effective from January 1, 2023, which include updates on insurance contracts and deferred tax related to single transactions[58] - The company has established an audit committee composed of three independent non-executive directors to review and monitor financial reporting and internal controls, meeting at least four times a year[199] - The roles of the Chairman and CEO are not separated, with the same individual holding both positions, which the board believes enhances efficiency in business strategy formulation and execution[200] Dividends and Shareholder Information - The company declared an interim dividend of HKD 5 per share, consistent with the previous year[29] - The company declared an interim dividend of HKD 0.05 per share for the six months ended June 30, 2023, consistent with the previous year[107] Other Financial Metrics - The group reported a significant foreign exchange loss of HKD 580,200 during the period[24] - The group reported a decrease in employee costs to HKD 731,588,000 for the six months ended June 30, 2023, down from HKD 1,071,071,000 in the previous year, reflecting a reduction of 31.7%[107] - Distribution and selling expenses decreased by approximately 22.3% or HKD 51.7 million to about HKD 1.8 billion for the six months ended June 30, 2023[154] - Administrative expenses decreased by approximately 8.2% or HKD 19.6 million to about HKD 218.5 million for the six months ended June 30, 2023, primarily due to reductions in salaries and allowances[137]

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 7,258,234 thousand, a decrease of 32.8% compared to HKD 10,794,366 thousand for the same period in 2022[5] - Gross profit for the same period was HKD 660,320 thousand, down 38.3% from HKD 1,069,900 thousand year-on-year[5] - Profit attributable to equity holders for the period was HKD 167,578 thousand, reflecting a significant decline of 70.1% from HKD 560,422 thousand in the previous year[5] - EBITDA for the six months was HKD 1,070,667 thousand, a decrease of 34.0% compared to HKD 1,622,106 thousand in the prior period[5] - Basic earnings per share decreased to HKD 5.30, down 68.9% from HKD 17.05 in the same period last year[5] - Total comprehensive income for the period was HKD (449,508) thousand, a significant change from HKD 14,837 thousand in the same period last year[3] - The company reported other comprehensive expenses of HKD (580,200) thousand for the period, compared to HKD (512,981) thousand in the previous year[3] - The total comprehensive income attributable to the company's owners for the current period was HKD 130,692 thousand, down from HKD 528,014 thousand in the previous year[27] - Other income for the period was approximately HKD 76.0 million, a decrease of about 52.3% or HKD 83.3 million compared to the same period in 2022[76] - Profit attributable to owners decreased by approximately 70.1% to about HKD 167.6 million, mainly due to a decrease in revenue and gross margin of approximately HKD 3.536 billion and about 0.8% respectively compared to the same period in 2022[79] Expenses and Costs - Administrative expenses for the period were HKD (218,491) thousand, slightly reduced from HKD (238,092) thousand in the previous year[7] - Distribution and selling expenses decreased by approximately 22.3% or HKD 51.7 million to about HKD 180.0 million compared to the same period in 2022, primarily due to lower freight rates and salary costs[78] - The company recorded a decrease in employee costs, which amounted to HKD 731,588 thousand compared to HKD 1,071,071 thousand in the previous year[21] - The group’s total employee costs for the period were approximately HKD 732 million, with around 15,000 workers and employees employed in factories in China and about 60 employees in the Hong Kong office[102] Assets and Liabilities - Non-current assets decreased from HKD 14,023,037 thousand in 2022 to HKD 12,909,508 thousand in 2023, a decline of approximately 7.9%[28] - Current assets, specifically inventory, decreased from HKD 3,164,254 thousand in 2022 to HKD 2,922,709 thousand in 2023, representing a reduction of about 7.6%[28] - Total liabilities decreased from HKD 14,017,536 thousand in 2022 to HKD 13,188,990 thousand in 2023, a decrease of approximately 5.9%[29] - Net assets decreased from HKD 10,336,903 thousand in 2022 to HKD 9,729,318 thousand in 2023, reflecting a decline of about 5.9%[29] - The company's cash and cash equivalents increased from HKD 858,759 thousand in 2022 to HKD 1,103,443 thousand in 2023, an increase of approximately 28.5%[28] - The total value of assets minus current liabilities decreased from HKD 12,473,587 thousand in 2022 to HKD 11,288,826 thousand in 2023, a decline of about 9.5%[28] - The company's equity attributable to owners decreased from HKD 9,985,685 thousand in 2022 to HKD 9,479,510 thousand in 2023, a decrease of approximately 5.1%[29] - The total current liabilities decreased from HKD 7,529,208 thousand in 2022 to HKD 6,758,114 thousand in 2023, a decrease of about 10.3%[28] - The net current liabilities as of June 30, 2023, were approximately HKD 4.623 billion, a decrease from HKD 4.753 billion as of December 31, 2022[57] Revenue Segmentation - Revenue from LCD products reached HKD 8,908,851 thousand, while revenue from electronic consumer products was HKD 1,885,515 thousand, totaling HKD 10,794,366 thousand[17] - The company's total revenue for the first half of 2023 is not explicitly stated but is implied to be lower than the previous year's figures based on the overall asset and liability reductions[30] - The group's revenue for the six months ending June 30, 2023, was HKD 7.26 billion, a decrease of approximately 32.8% compared to the same period in 2022[72] Corporate Governance and Compliance - The company has applied new accounting standards effective from January 1, 2023, which did not have a significant impact on its financial position[12] - The audit committee has reviewed the unaudited interim condensed consolidated financial statements for the period and confirmed they were prepared in accordance with applicable accounting standards[110] - The company has adhered to all applicable corporate governance code provisions, except for the significant deviation where the roles of Chairman and CEO are held by the same person, Mr. Lin Wei Hua[111] Future Plans and Investments - The company plans to invest HKD 2 billion in a joint venture for the establishment of an AMOLED production facility in Renshou County, Sichuan Province, with a total investment of RMB 27.9 billion[55] - The group is currently in discussions regarding the establishment of an AMOLED joint venture, with no specified deadline for the agreement[98] - The group has capital expenditure commitments of approximately HKD 347 million for the purchase of properties, plants, and equipment as of June 30, 2023[60] Market Conditions and Challenges - The company is facing challenges in the smartphone-related products business due to high interest rates and geopolitical conflicts affecting global economic growth[46] - Management will closely monitor developments in the display screen market and supply chain management to deliver high-quality products and solutions[52] - The gross profit margin decreased to 9.1%, down approximately 0.8% year-on-year, due to intense competition in the smartphone-related product business[72] Shareholder Information - The company maintained an interim dividend of HKD 5 cents per share, unchanged from the previous year[5] - The group plans to declare an interim dividend of HKD 0.05 per ordinary share, consistent with the previous year[62] - The company will suspend share transfer registration procedures on November 14, 2023, with the record date for interim dividend entitlement being the same date[106] - The company and its subsidiaries did not purchase, redeem, or sell any listed securities during the six months ending June 30, 2023[107]

Share Repurchase - The company repurchased a total of 128,124,000 ordinary shares during the period, with the highest price at HK$2.54 and the lowest at HK$1.30, totaling HK$187,441,000 in expenditure [56]. - The company repurchased a total of 128,124,000 ordinary shares for an aggregate consideration of HK$187,441,000 during the year ended December 31, 2022 [84]. - All repurchased shares were subsequently cancelled during the year [84]. - The board believes that the current financial resources will allow the company to continue its operations while executing the share repurchase program [61]. - There were no purchases, redemptions, or sales of any listed securities by the company during the year ended December 31, 2022 [62]. Audit and Compliance - The Audit Committee reviewed the Group's annual results for the year ended December 31, 2022, ensuring compliance with financial reporting standards [45]. - The company incurred audit and non-audit service fees of HK$4,800,000 and HK$374,000, respectively, for the external auditor during the year [37]. - The Audit Committee comprises independent non-executive directors and meets at least four times a year to review financial matters [46]. - The board engaged an external compliance consultancy to conduct an annual review of the risk management and internal control systems [85]. - The board and audit committee found no material internal control deficiencies during the review [85]. - The audit was conducted in accordance with Hong Kong Standards on Auditing, ensuring independence and ethical compliance [116]. - The auditor's report emphasizes the importance of professional judgment and skepticism throughout the audit process [170]. - The audit identified key audit matters that were significant in the audit of the consolidated financial statements [140]. - The auditor's responsibilities include evaluating the appropriateness of accounting policies and the reasonableness of estimates made by the directors [152]. Financial Performance - Revenue for the year ended December 31, 2022, was HK$19,287,434, a decrease of 14.5% from HK$22,543,455 in 2021 [184]. - Gross profit for the year was HK$1,484,972, down 43.1% from HK$2,612,976 in the previous year [184]. - Profit before tax decreased significantly to HK$376,565, a decline of 76.6% compared to HK$1,595,850 in 2021 [184]. - Profit for the year attributable to owners of the company was HK$318,233, down 76.9% from HK$1,377,998 in 2021 [184]. - Basic earnings per share decreased to 9.77 HK cents, down 76.7% from 41.89 HK cents in the previous year [184]. - Other comprehensive expenses for the year amounted to HK$1,126,293, compared to an income of HK$368,011 in 2021 [184]. - Total comprehensive expenses for the year were HK$807,092, a significant decrease from total comprehensive income of HK$1,799,602 in 2021 [184]. - The company reported a reversal of impairment losses under the expected credit loss model, netting HK$35,740, compared to a loss of HK$49,439 in 2021 [184]. Risk Management - The Board is responsible for risk management and internal controls, with regular assessments conducted to identify and manage significant risks [54]. - The company has implemented internal monitoring procedures to ensure effective risk management [42]. - The board is responsible for evaluating significant events that may impact share price or trading volume [86]. - The board aims to balance immediate returns to shareholders through dividends while retaining adequate reserves for future growth [111]. - The Group's liquidity assessment included the preparation of cash flow forecasts and comparisons against the budget approved by the board of directors [127]. Governance and Board Structure - The company has established a Remuneration Committee and a Nomination Committee to oversee director remuneration and board composition, respectively [46]. - The independent non-executive directors confirmed their independence, ensuring compliance with the Listing Rules [46]. - The company has adopted a board diversity policy aimed at enhancing the effectiveness of the Board [29]. - The Group's management provides monthly updates to the Board, ensuring a balanced assessment of the Company's performance and prospects [100]. - The Group emphasizes the importance of gender diversity in the workplace but currently does not set specific gender targets for its employees [115]. - The Group's employee gender distribution as of December 31, 2022, was 57% male and 43% female, showing a slight shift from 58% and 42% in 2021 [115]. Dividend Policy - The company has a dividend policy that allows the board to declare dividends from distributable reserves at its discretion [92]. - The board will periodically review the dividend policy and may amend it as deemed necessary [94]. - The Board's dividend policy allows for the declaration and payment of dividends at its discretion, considering the Group's financial performance and liquidity position [107]. - The company proposed a final dividend of 5 HK cents per share, unchanged from the previous year, pending shareholder approval [195]. Going Concern and Financial Position - The Group's financial statements for the year ended December 31, 2022, reflect a fair and true view of its financial position and performance in accordance with Hong Kong Financial Reporting Standards [117]. - The Board considers that the Group has adequate resources to continue operational existence for the foreseeable future, adopting the going concern basis for preparing financial statements [100]. - The Group's financial statements were prepared on a going concern basis, considering its cash balance and unutilized bank facilities [130]. - The Group's ability to continue as a going concern was assessed, with disclosures made regarding any material uncertainties [173]. - The carrying amount of goodwill from the acquisition of Truly HZ as of December 31, 2022, was HK$587,424,000, representing 2.2% of the Group's total assets [124].