嘉利国际(01050) - 2025 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$1,526,653, an increase of 6.0$1,439,788 in 2023[14]. - Operating profit rose to HK$135,151, representing a 31.2$102,986 in the previous year[14]. - Profit for the period attributable to equity shareholders increased to HK$101,779, up 38.6$73,455 in 2023[14]. - Basic and diluted earnings per share for the period were both HK$5.0, compared to HK$3.6 in the same period last year[14]. - Total comprehensive income for the period was HK$109,461, significantly higher than HK$12,406 in 2023[16]. - The group reported a profit before taxation of $117,139,000 for the six months ended September 30, 2024, compared to$81,318,000 for the same period in 2023, indicating a growth of approximately 44.0%[53]. - Profit attributable to equity shareholders increased by approximately 39% to HK$101,779,000, up from HK$73,455,000 in the previous year, driven by robust demand for AI servers[124]. Assets and Liabilities - The unaudited consolidated total assets as of September 30, 2024, amounted to HKD 2,620,428,000, an increase from HKD 2,402,721,000 as of March 31, 2024, representing a growth of approximately 9.1%[8]. - Current assets increased to HKD 1,548,412,000 as of September 30, 2024, compared to HKD 1,342,806,000 as of March 31, 2024, reflecting a rise of about 15.4%[8]. - The total liabilities as of September 30, 2024, were HKD 1,601,064,000, an increase from HKD 1,409,717,000, indicating a rise of about 13.6%[12]. - Current liabilities decreased to HKD 1,429,089,000 from HKD 1,212,743,000, showing a reduction of approximately 1.5%[12]. - The net current assets decreased to HKD 119,323,000 from HKD 130,063,000, reflecting a decline of approximately 8.5%[12]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2024, was HK$88,101,000, a decrease of 53.8$190,499,000 in 2023[23]. - Cash flows used in investing activities amounted to HK$30,533,000 for property, plant, and equipment purchases, down from HK$95,940,000 in the previous year, indicating a reduction of 68.2%[23]. - Net cash used in financing activities was HK$139,000, a significant decrease from HK$27,705,000 in 2023, reflecting improved cash management[23]. - The net increase in cash and cash equivalents for the period was HK$58,621,000, compared to HK$62,465,000 in the same period last year, showing a decrease of 6.0%[23]. - Cash and cash equivalents at the end of the period stood at HK$209,177,000, down from HK$218,715,000 in 2023, representing a decline of 4.9%[23]. - Bank borrowings increased to HKD 640,545,000 as of September 30, 2024, compared to HKD 529,692,000 as of March 31, 2024, reflecting an increase of about 21%[12]. Dividends - The company paid dividends totaling HK$80,858 during the period[18]. - The final dividend for the year ended March 31, 2024, was$80,858,000 (HK4.0 cents per share), compared to $30,322,000 (HK1.5 cents per share) in 2023, indicating a substantial increase of 167.5$952,498,000, while the electronic manufacturing services business generated $574,141,000[48]. - Revenue from the metal and plastic business increased by approximately 14$952,498,000, with over 85% of this revenue coming from server products[129]. - The electronic manufacturing services business saw a slight decrease of approximately 5% in revenue to HK$574,141,000, indicating stable performance[130]. Operational Efficiency - The Group's manufacturing process is highly automated, utilizing advanced six-axis robots to enhance operational efficiency and reduce costs[136]. - The Group's production facilities in Dongguan and Thailand are highly automated, utilizing advanced six-axis robotic arms to cover various processes, effectively reducing production costs and improving operational efficiency[6]. - The Thailand factory, launched at the end of 2023, has reached optimal production scale and is receiving increasing orders, helping to diversify geographical risks[137]. Corporate Governance and Compliance - The interim financial report has been prepared in accordance with Hong Kong Accounting Standards and has been reviewed by the Group's audit committee, ensuring compliance and accuracy[27]. - The company has not adopted any new standards or interpretations that are not yet effective for the current accounting period, maintaining consistency in financial reporting[34]. Employee and Talent Management - Employee benefit expenses, including directors' remuneration, increased to$204,358,000 for the six months ended September 30, 2024, up from $186,032,000 in the same period of 2023, representing a growth of 9.3%[86]. - The group emphasizes talent cultivation through comprehensive training programs, including a focus on management and operational strategies[141]. - The group adopted a performance-based bonus system to reward employees based on merit[168]. Shareholder Information - Mr. Ho Cheuk Fai holds a personal interest of 278,712,000 Shares and is deemed to be interested in an additional 110,350,000 Shares held by his spouse[180]. - The total interest of Mr. Ho Cheuk Fai and Ms. Ho Po Chu in the 817,608,000 Shares includes 487,608,000 Shares held by New Sense Enterprises Limited and 330,000,000 Shares held by Castfast Properties Development Co., Limited[180]. - The share option scheme adopted on 24 August 2021 (the "2021 Scheme") was terminated on 30 August 2023, and a new share option scheme was approved on the same date[186]. Risk Management - The Group actively manages foreign currency risk through price adjustments and may use foreign exchange forward contracts as necessary[155]. - The group actively manages foreign exchange risks, particularly related to RMB fluctuations, by adjusting product prices and potentially using forward contracts[159].