Financial Performance - For the six months ended June 30, 2024, the revenue reached approximately $585.93 million, an increase of about 59.8% compared to $366.73 million for the same period in 2023[2] - The net profit attributable to equity shareholders for the six months ended June 30, 2024, was approximately $16.04 million, a decrease from $18.03 million for the same period in 2023[4] - Basic earnings per share for the six months ended June 30, 2024, were $0.019, down from $0.021 for the same period in 2023[4] - The gross profit for the six months ended June 30, 2024, was $71.53 million, compared to $50.85 million for the same period in 2023[4] - Total comprehensive income for the six months ended June 30, 2024, was $11.90 million, compared to a loss of $0.40 million for the same period in 2023[5] - The company reported a financing cost of $8.17 million for the six months ended June 30, 2024, compared to $3.19 million for the same period in 2023[4] - The company's revenue for the reporting period was approximately $585.9 million, representing a 59.8% increase compared to $366.7 million in the same period of 2023[28] - The net profit for the reporting period was approximately $16.6 million, slightly down from $17.5 million in the first half of 2023[28] Assets and Liabilities - The total assets less current liabilities as of June 30, 2024, were $482.31 million, an increase from $427.48 million as of December 31, 2023[6] - Non-current assets as of June 30, 2024, amounted to $290.38 million, up from $195.41 million as of December 31, 2023[7] - Inventory as of June 30, 2024, was $209.10 million, compared to $133.90 million as of December 31, 2023[8] - The total equity attributable to equity shareholders as of June 30, 2024, was $423.46 million, an increase from $409.66 million as of December 31, 2023[10] - Trade receivables at the end of the reporting period were 172,117,000 HKD, an increase from 152,813,000 HKD at the end of 2023[25] - Trade payables amounted to 212,598,000 HKD, slightly up from 209,195,000 HKD at the end of 2023[26] - The net current assets were approximately $191.9 million, down from $232.1 million as of December 31, 2023[32] - The group reported approximately $182.1 million in unencumbered cash and cash equivalents as of June 30, 2024[32] Customer and Market Insights - The largest customer contributed 547,773,000 HKD, accounting for 93.5% of total revenue, compared to 353,925,000 HKD and 96.5% in the previous year[14] - Revenue from the People's Republic of China (including Hong Kong) was 502,951,000 HKD, up 47.8% from 340,222,000 HKD in 2023[15] - The global economic outlook for 2024 is projected to grow by 2.7%, although challenges such as high interest rates and geopolitical risks persist[29] - The company recognizes the growing demand for high-precision optical sensors driven by the rapid development of applications in autonomous driving, biomedical, and smart cities[30] - The global market for head-mounted display devices is expected to grow by 7.5% in 2024, with a compound annual growth rate (CAGR) of 43.9% from 2024 to 2028[30] Research and Development - Research and development costs (excluding depreciation and amortization) increased to 36,361,000 HKD from 20,323,000 HKD year-over-year[17] - The company plans to enhance collaboration with existing customers, expand its customer base, and increase R&D investment to create maximum value for shareholders[30] - The integration of AI technology with AR and VR is expected to enhance user experience and provide new application scenarios across various industries[29] Employee and Operational Insights - The total employee cost during the reporting period was approximately $52.0 million, up from $23.7 million for the six months ended June 30, 2023[36] - The group has approximately 6,869 full-time employees as of June 30, 2024, an increase from 5,764 employees as of December 31, 2023[36] - The company acquired property, plant, and equipment at a cost of 112,090,000 HKD, significantly higher than 45,804,000 HKD in the same period last year[23] - Capital expenditures during the reporting period amounted to $105.3 million, significantly higher than $44.0 million for the six months ended June 30, 2023[34] - The group plans to fund future capital expenditures through a combination of operating cash flow, bank loans, and potential fundraising activities[34] Dividends and Share Options - The company has not declared any interim dividends for the reporting period, consistent with the previous year[27] - A total of 5,059,000 stock options were exercised during the reporting period, compared to 10,302,000 in the same period of 2023[27] - The board did not recommend any interim dividend for the reporting period, maintaining a focus on market changes and new product development[38] - A total of 5,059,000 share options were exercised during the reporting period, with 149,000 options cancelled and 150,000 options expired[37] Taxation - The effective corporate income tax rate in China was reduced to 15% for 2024 and 2023, compared to the standard rate of 25% for other subsidiaries[19]
高伟电子(01415) - 2024 - 中期业绩