Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 89,330,897, an increase from HKD 73,478,530 in the same period last year, representing a growth of approximately 21.5%[2] - Gross profit for the same period was HKD 15,852,367, compared to HKD 9,376,788 in the previous year, indicating a significant increase of approximately 68.5%[2] - The net loss attributable to the company's owners for the six months ended June 30, 2024, was HKD 10,808,989, an improvement from a loss of HKD 24,143,853 in the same period last year, reflecting a reduction of approximately 55.2%[2] - The total comprehensive loss attributable to the company's owners for the period was HKD 14,277,993, down from HKD 32,076,823 in the previous year, marking a decrease of approximately 55.5%[3] - The company reported a loss before tax of HKD 12,012,699 for the six months ended June 30, 2024, compared to a loss of HKD 26,615,011 for the same period in 2023, indicating an improvement in financial performance[14] - The company recorded a net foreign exchange gain of HKD 504,731 for the six months ended June 30, 2024, compared to a gain of HKD 487,493 for the same period in 2023[12] - The company reported a decrease in sales of products, with total sales revenue of HKD 89,330,897 for the six months ended June 30, 2024, compared to HKD 95,261,132 in the previous year[12] - The company's revenue for the six months ended June 30, 2024, was approximately HKD 89,300,000, a decrease of 6.2% compared to the same period last year[27] - Gross profit increased by 69.1% to approximately HKD 15,900,000 for the same period[27] - The loss attributable to the company's owners was approximately HKD 10,800,000, compared to HKD 24,100,000 for the six months ended June 30, 2023[27] - Basic loss per share for the period was HKD 0.0405, down from HKD 0.0904 for the same period last year[17] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 189,122,090, a decrease from HKD 194,624,493 as of December 31, 2023[4] - Current assets decreased to HKD 171,962,439 from HKD 189,043,712, indicating a decline of approximately 9.0%[4] - Current liabilities increased to HKD 69,923,546 from HKD 55,541,448, representing an increase of approximately 25.9%[4] - The company's net asset value as of June 30, 2024, was HKD 264,121,509, down from HKD 299,759,886 as of December 31, 2023[4] - The total borrowings from banks and other financial institutions amounted to approximately HKD 7,000,000 as of June 30, 2024[30] - The total equity of the group was approximately HKD 264,100,000 as of June 30, 2024, with 267,004,800 shares issued[32] Cash Flow and Investments - Cash and cash equivalents amounted to HKD 50,845,219 as of June 30, 2024, compared to HKD 42,084,656 as of December 31, 2023[21] - The group's cash and cash equivalents totaled approximately HKD 92,900,000 as of June 30, 2024, indicating a strong financial position[30] - The company has not engaged in any fundraising activities during the reporting period[33] - The group maintained a "net cash" position, with cash balances exceeding its debts as of June 30, 2024[30] - Capital expenditures for the six months ended June 30, 2024, amounted to HKD (1,477,094), reflecting ongoing investments in operational capacity[9] Business Strategy and Operations - The company continues to focus on its two business segments: precision components and headquarters & others, with performance monitored for resource allocation and evaluation decisions[7] - The company plans to continue focusing on precision components and expanding its market presence in Asia and North America[9] - The company is exploring new product development and technological advancements to enhance its competitive edge in the market[9] - Operating profit for the precision components segment was approximately HKD 100,000, a significant improvement from a loss of HKD 5,500,000 in the same period last year[28] - The company had a significant concentration credit risk of 33% from accounts receivable related to a single customer in the precision components category as of June 30, 2024[21] Market Conditions and Future Outlook - The company anticipates a potential interest rate cut starting in September 2024, which may boost consumer spending and business investments[29] - The group plans to temporarily halt signing forward currency contracts to manage production cost fluctuations due to RMB exchange rate volatility[28] - The company recorded a realized loss of HKD 10,635,692 from foreign currency contracts due to the depreciation of the RMB against the USD during the six months ended June 30, 2024[19] - The company had no outstanding forward foreign currency contracts as of June 30, 2024, as all contracts were terminated in April 2024[19] Dividend and Financial Statements - The interim dividend proposed is HKD 0.02 per ordinary share, unchanged from the previous year[25] - The board approved the interim financial statements for publication on August 22, 2024[24]
坚宝国际(00675) - 2024 - 中期业绩