德永佳集团(00321) - 2023 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$3,397,908, a decrease of 18.5$4,172,121 in the same period of 2021[13] - Gross profit for the period was HK$975,825, down 17.1$1,177,250 in the previous year[13] - Profit for the period was HK$110,546, representing a decline of 19.5$137,243 in the same period of 2021[13] - Basic and diluted earnings per share attributable to ordinary equity holders of the Company were 8.2 HK cents, compared to 10.0 HK cents in the previous year[13] - Total comprehensive loss for the period amounted to HK$187,051,000, compared to a total comprehensive income of HK$165,353,000 in the previous year[16] - The total revenue for the group was HK$3,458,688, down from HK$4,220,305, a decrease of approximately 18.1%[41] - Profit before tax for the period was impacted by depreciation of property, plant, and equipment amounting to HK$112,124, an increase from HK$107,413 in the prior year[45] - Total tax charge for the period was HK$41,941, up from HK$30,584 in the same period last year, reflecting a higher tax burden[50] Expenses and Costs - Selling and distribution expenses decreased to HK$480,558, down 20.1$601,714 in the previous year[13] - Administrative expenses were HK$398,660, a reduction of 12.5$455,719 in the same period of 2021[13] - Finance costs rose slightly to HK$16,968, compared to HK$15,383 in the previous year[13] - Finance costs (excluding interest on lease liabilities) rose to HK$7,887 from HK$2,315, a significant increase of approximately 240.5%[41] Assets and Liabilities - Non-current assets decreased to HK$2,390,680,000 from HK$2,596,785,000, reflecting a reduction of about 7.9%[18] - Current assets decreased significantly to HK$4,798,219,000 from HK$6,380,963,000, a decline of approximately 24.8%[18] - Total current liabilities decreased to HK$1,621,637,000 from HK$3,032,615,000, a decline of approximately 46.5%[18] - Cash and cash equivalents significantly decreased to HK$615,277,000 from HK$2,363,988,000, reflecting a drop of about 73%[18] - The net assets decreased to HK$5,110,298,000 from HK$5,435,519,000, indicating a decline of approximately 6%[21] - Total equity as of September 30, 2022, is HK$5,437,374,000, a decrease from HK$5,400,004,000 in the previous year[24] Dividends - The Company declared an interim dividend of HK10.0 cents per ordinary share[8] - The company declared an interim dividend of HK$138,170,000 for the 2022/2023 fiscal year[24] - Interim dividend declared was HK$138,170, representing an increase of 25% from HK$110,536 in the previous year[52] Segment Performance - Segment revenue for the production, dyeing, and sale of knitted fabric, yarn, and garments was HK$2,577,274, a decrease from HK$3,040,170 in the previous year, representing a decline of approximately 15.2$819,841, up from HK$636, an increase of approximately 28.8$145,679 compared to a loss of HK$187,457 in the previous year, showing an improvement of approximately 22.3$252,404,000, compared to HK$470,033,000 in 2021[27] - Cash and cash equivalents at the end of the period were HK$414,642,000, down from HK$1,568,683,000 in the previous year[27] - The company reported a net decrease in cash and cash equivalents of HK$1,118,518,000 for the financing activities[27] Employee and Management - The Group had approximately 10,903 employees at the end of the period, down from 12,489 employees[133] - Total compensation paid to key management personnel was HK$22,013, a decrease of 0.82$24,211 in the previous year[82] Corporate Governance - The Audit Committee consists of three independent non-executive directors and is responsible for reviewing financial reporting and internal controls[153] - The Audit Committee has reviewed the interim report and discussed risk management and internal controls with management[154] - The Company complied with all provisions of the Corporate Governance Code throughout the accounting period, except for the chairman's attendance at the annual general meeting, which was delegated to an executive director[155]