Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 514,760,000, a decrease of 29.97% from HKD 734,965,000 in the same period of 2022[2] - Gross profit for the same period was HKD 77,537,000, down 36.24% from HKD 121,538,000 year-on-year[2] - Profit attributable to owners of the company was HKD 113,363,000, a decline of 61.93% compared to HKD 297,869,000 in the previous year[2] - Basic earnings per share decreased to HKD 11.9 from HKD 30.6, representing a drop of 61.22%[2] - Total comprehensive income for the period was HKD (53,340,000), compared to HKD 55,027,000 in the previous year[5] - The company reported a profit before tax of HKD 129,523,000, a decline of 63.5% from HKD 354,018,000 in the same period last year[14] - Total tax expenses for the six months ended September 30, 2023, were HKD 9,869,000, a significant decrease from HKD 42,210,000 in 2022[19] - Profit attributable to the company's owners for the same period was HKD 113 million, a decrease of approximately HKD 185 million from HKD 298 million in the previous year[28] Revenue Breakdown - Revenue from display products for the six months ended September 30, 2023, was HKD 514,760,000, a decrease of 30% compared to HKD 734,965,000 in 2022[14] - Revenue from LCDs was HKD 74,741,000, down 30.6% from HKD 107,639,000 in 2022[15] - Revenue from LCMs decreased by 26.8% to HKD 216,976,000 from HKD 296,693,000[15] - Revenue from TFTs dropped by 57.8% to HKD 92,699,000 compared to HKD 219,679,000 in the previous year[15] - Revenue from CTPs increased by 17.4% to HKD 130,344,000 from HKD 110,954,000[15] - The company's consolidated revenue for the six months ended September 30, 2023, decreased by approximately 30% to HKD 515 million, compared to HKD 735 million in the same period last year[28] - Revenue from LCD sales decreased from HKD 108 million in the previous year to HKD 75 million in the current period[28] - Revenue from LCM sales decreased from HKD 297 million to HKD 217 million year-on-year[28] - Revenue from TFT sales dropped significantly from HKD 220 million to HKD 93 million[28] - Revenue from CTP sales increased from HKD 111 million to HKD 130 million[28] Assets and Liabilities - Non-current assets as of September 30, 2023, amounted to HKD 2,300,988,000, a slight decrease from HKD 2,333,655,000 as of March 31, 2023[8] - Current assets decreased to HKD 635,903,000 from HKD 780,415,000, reflecting a reduction of 18.54%[8] - Current liabilities were HKD 376,100,000, an increase from HKD 336,939,000 as of March 31, 2023[9] - Total equity attributable to owners of the company was HKD 2,355,523,000, down from HKD 2,551,785,000[9] - As of September 30, 2023, the group's current ratio was 1.7, down from 2.3 on March 31, 2023, with a capital debt ratio of 0.2%[34] - The total assets of the group were approximately HKD 2,937,000,000, including liabilities of HKD 489,000,000 and total equity of HKD 2,448,000,000 as of September 30, 2023[34] Expenses and Income - Other income for the period was approximately HKD 14 million, down from HKD 19 million in the previous year, primarily due to reduced interest income from debt investments[28] - Sales and distribution expenses were approximately HKD 42,000,000, a decrease from HKD 47,000,000 in the first half of 2022, primarily due to reduced promotional, transportation, and employee-related costs[29] - Administrative expenses were about HKD 14,000,000, down from HKD 21,000,000 in the first half of 2022, mainly due to decreases in legal, professional fees, and employee-related costs[29] Investments and Dividends - The company declared a total dividend of HKD 96,011,000 for the period, compared to HKD 49,334,000 in the previous year[22] - The company invested RMB 100 million (approximately HKD 107.24 million) in a private company in China, holding about 1.2% equity, focusing on GPU chip design and sales[25] Governance and Compliance - The company confirmed compliance with the corporate governance code as per the Hong Kong Stock Exchange listing rules for the six months ended September 30, 2023[42] - All directors have confirmed adherence to the securities trading standards code during the six months ended September 30, 2023[43] - The Audit Committee consists of independent non-executive directors, ensuring the review of accounting principles and financial reporting matters[45] - The Audit Committee has reviewed the unaudited condensed accounts for the six months ending September 30, 2023[45] - The company is committed to transparency in its financial reporting and governance practices[45] - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[46] Share Repurchase and Awards - The company repurchased a total of 15,112,000 shares from April 3, 2023, to September 30, 2023, at a total cost of HKD 43,961,900[44] - The largest repurchase occurred in August 2023, with 5,108,000 shares bought at a total cost of HKD 15,084,480[44] - The total number of unexercised awards as of September 30, 2023, was 6,604,800 shares, indicating potential future dilution[40] - The total number of awards granted to the highest-paid individuals was 1,172,800 shares, reflecting the company's compensation strategy[40] - The company issued 650,000 new awards during the reporting period, contributing to the overall compensation structure[39] - The total number of unexercised awards for the highest-paid employees is 7,192,800, with 5,947,600 remaining unexercised[37]
亿都(国际控股)(00259) - 2024 - 中期业绩