Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 2,594,448, a decrease of 5.8% compared to HKD 2,753,733 in the same period of 2023[2] - Gross profit increased by 3.3% to HKD 744,623, with a gross margin of 28.7%, up from 26.2%[2] - Operating profit decreased by 20.6% to HKD 216,520, resulting in an operating margin of 8.3%, down from 9.9%[2] - Net profit for the period was HKD 165,923, a decline of 19.1% from HKD 205,202 in the previous year[2] - Basic and diluted earnings per share were HKD 10.9, down 26.8% from HKD 14.9[6] - The total comprehensive income for the period was HKD 173,742, compared to HKD 35,800 in the previous year[11] - The company reported a net profit before tax of HKD 234,394 thousand for the period, reflecting operational efficiency despite revenue decline[39] - The profit attributable to equity holders was HKD 148.4 million, down 27.7% year-on-year[75] Assets and Liabilities - Total assets increased by 2.2% to HKD 11,145,412 from HKD 10,905,823[2] - Total liabilities decreased by 4.7% to HKD 1,709,041 from HKD 1,792,919[2] - Total liabilities increased to HKD 7,096,298 thousand, up from HKD 6,889,724 thousand, representing a growth of approximately 3.0%[16] - The total non-current liabilities reached HKD 2,803,113 thousand, an increase from HKD 2,734,139 thousand, reflecting a growth of approximately 2.5%[16] - The company’s total liabilities as of September 30, 2024, were HKD 2,436,486,000, compared to HKD 2,358,306,000 as of March 31, 2024[64] Cash Flow and Cash Management - Cash and cash equivalents decreased by 26.5% to HKD 1,746,722 from HKD 2,375,176[2] - Cash flow from operating activities showed a net outflow of HKD 166,811 thousand, compared to an inflow of HKD 175,721 thousand in the previous year, indicating a significant decline[18] - Cash and cash equivalents decreased by HKD 630,592 thousand, down from an increase of HKD 84,936 thousand in the previous year[18] - The cash and cash equivalents at the end of the period stood at HKD 1,746,722 thousand, down from HKD 666,635 thousand in the previous year[18] Segment Performance - Revenue from the die-casting segment was HKD 1,622,828 thousand, while injection molding generated HKD 881,269 thousand, contributing to a total revenue of HKD 2,594,448 thousand[29] - The total operating profit for the segments was HKD 226,066 thousand, reflecting a decrease compared to the previous period[29] - The CNC machining center generated revenue of HKD 90,351 thousand, contributing to the overall segment performance[29] - The revenue breakdown includes HKD 1,622,828 thousand from die-casting machines, HKD 881,269 thousand from injection molding machines, and HKD 90,351 thousand from machining centers[37] Costs and Expenses - For the six months ended September 30, 2024, the cost of raw materials and consumables was HKD 1,727,827,000, an increase from HKD 1,576,578,000 in 2023, representing a growth of 9.6%[42] - Employee costs for the same period rose to HKD 544,427,000 from HKD 511,355,000, reflecting an increase of 6.5%[42] - Research costs significantly increased to HKD 55,342,000, compared to HKD 26,862,000 in the previous year, marking a substantial rise of 105.5%[42] - The total sales cost for the period was HKD 1,849,825,000, down from HKD 2,033,245,000, representing a decrease of 9.1%[42] Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, totaling HKD 40,932,000, compared to HKD 61,938,000 in the previous year[57] - The interim dividend declared for the six months ending September 30, 2024, is HKD 0.03 per share, down from HKD 0.045 per share in 2023[94] Future Outlook and Strategies - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[39] - The company is actively engaging with several new energy vehicle manufacturers to establish cooperation, which is expected to drive future revenue growth[76] - The company is developing a dual-pressure die-casting machine and TPI semi-solid magnesium alloy die-casting machine, both of which are industry firsts[77] - The company is actively expanding its global footprint, having established production bases in the US, Japan, Mexico, and Europe, and is enhancing its sales network in Southeast Asia[84] Audit and Compliance - The audit committee, consisting of four independent non-executive directors, is responsible for reviewing and supervising the financial reporting process and internal control systems[99] - The audit committee has reviewed the unaudited condensed consolidated interim financial information for the six months ending September 30, 2024[101] - The interim results announcement will be published on the company's website and the Hong Kong Stock Exchange website[102]
力劲科技(00558) - 2025 - 中期业绩