德永佳集团(00321) - 2025 - 中期财报

Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HK$3,001,360,000, an increase of 13.5$2,644,314,000 in the same period of 2023[10] - Profit for the period attributable to ordinary equity holders was HK$101,542,000, compared to HK$43,695,000 in the previous year, marking a significant increase of 132.5%[10] - Basic and diluted earnings per share increased to 7.3 HK cents, up from 3.2 HK cents in the prior year[10] - Other income and gains rose to HK$123,323,000, compared to HK$106,538,000 in the previous year, reflecting a growth of 15.7%[10] - Profit for the period increased to HK$101,429,000, up from HK$45,081,000 in the previous year, representing a growth of 125.0%[13] - The profit before tax for the period was HK$134,690,000, compared to HK$67,105,000 in the previous year, indicating a significant increase of approximately 100.5%[180][181] Expenses - Selling and distribution expenses decreased to HK$346,377,000 from HK$384,975,000, a reduction of 10%[10] - Administrative expenses increased to HK$406,949,000, up from HK$332,326,000, indicating a rise of 22.4%[10] - Finance costs increased significantly to HK$41,981,000 from HK$19,089,000, representing a growth of 119.2%[10] - The profit before tax for the Group is impacted by depreciation expenses, which rose to HK$118,264,000 for the six months ended September 30, 2024, compared to HK$107,304,000 in 2023[191] - The total tax charge for the period was HK$33,261,000, an increase from HK$22,024,000 in the previous year, reflecting a rise of 50.9%[198] Assets and Liabilities - Total non-current assets rose to HK$3,000,670,000, up from HK$2,833,240,000, reflecting an increase of 5.9%[17] - Current assets increased to HK$5,300,545,000, compared to HK$4,274,918,000, marking a growth of 23.9%[17] - Total current liabilities increased to HK$2,489,740,000 from HK$1,414,704,000, an increase of 76.0%[17] - Net assets increased to HK$4,946,300,000, compared to HK$4,792,565,000, reflecting a growth of 3.2%[20] - Total non-current liabilities decreased to HK$865,175,000 from HK$900,889,000, a reduction of 4.0%[20] Cash Flow - Net cash flows from operating activities for the six months ended September 30, 2024, were HK$147,910, compared to HK$186,089 in the same period last year, indicating a decrease of 20.5%[26] - Cash and cash equivalents at the end of the period reached HK$1,564,742, up from HK$1,244,014, representing a significant increase of 26%[26] - The company reported a net cash outflow from financing activities of HK$343,891, compared to an inflow of HK$869,008 in the previous period, indicating a shift in financing strategy[26] Dividends - The company declared an interim dividend of HK1.0 cent per ordinary share and a special interim dividend of HK3.0 cents per ordinary share[7] - Dividends declared for the period were HK$55,268,000, up from HK$27,634,000, indicating a growth of 99.0%[20] - The company declared a proposed final dividend of HK$69,085 for the fiscal year 2023/2024, consistent with the previous year's dividend[21] Comprehensive Income - Other comprehensive income for the period was HK$79,940,000, compared to a loss of HK$112,169,000 in the previous year, indicating a significant recovery[14] - Total comprehensive income for the period reached HK$181,369,000, a substantial increase from a loss of HK$67,088,000 in the prior year[14] - The total comprehensive income for the period includes exchange differences on translation of foreign operations, impacting overall financial performance[21] - The total comprehensive income for the period was affected by foreign exchange adjustments, which amounted to HK$33,983[26] Segment Information - For the six months ended September 30, 2024, the total segment revenue reached HK$3,001,360,000, an increase from HK$2,644,314,000 in the same period of 2023, representing a growth of approximately 13.5%[112] - The production, dyeing, and sale of knitted fabric, yarn, and garments segment generated revenue of HK$1,580,996,000, while the retailing and distribution of casual apparel and accessories segment contributed HK$523,893,000[113][114] Accounting and Standards - The company adopted new accounting standards, including amendments to HKFRS 16 and HKAS 1, with no significant financial impact on the interim financial statements[30] - The Group's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are consistent with the annual financial statements for the year ended March 31, 2024[34]