Financial Performance - Revenue for the six months ended June 30, 2019, was HK$30,031,886, an increase of 5.4% from HK$27,942,574 in the same period of 2018[10] - Gross profit for the period was HK$1,430,970, representing a 14.1% increase compared to HK$1,254,063 in 2018[10] - Operating profit increased to HK$594,650, up 8.9% from HK$545,928 in the previous year[10] - Profit for the period was HK$392,012, a rise of 8.3% from HK$361,976 in 2018[10] - Basic earnings per share increased to 27.56 cents, compared to 25.22 cents in the same period last year, reflecting a growth of 9.3%[10] - Total comprehensive income for the period reached HK$420,746,000, compared to HK$282,727,000 in 2018, marking a significant increase of 48.8%[13] - The profit for the period increased to HK$392,012,000, up from HK$361,976,000 in the previous year, representing an increase of 8.5%[13] - The unaudited consolidated net profit attributable to equity shareholders for the six months ended June 30, 2019 was approximately HK$392,012,000, an increase from approximately HK$361,976,000 in 2018, which is a growth of about 8.3%[122] Expenses and Costs - Selling and distribution expenses rose to HK$512,581, an increase of 12.5% from HK$455,517 in 2018[10] - Administrative expenses increased to HK$331,029, up 28.8% from HK$256,843 in the previous year[10] - Finance costs for the period were HK$132,103, an increase from HK$119,965 in 2018[10] - The operating profit for the period was impacted by a depreciation charge of HK$43,899 for right-of-use assets[60] Cash Flow and Assets - Net cash generated from operating activities was HK$294,071,000, a turnaround from a cash outflow of HK$237,644,000 in the previous year[19] - Cash and cash equivalents at 30 June 2019 amounted to HK$1,751,437,000, an increase from HK$1,362,963,000 at the same time last year[19] - Total assets decreased to HK$22,504,124,000 from HK$23,877,461,000, reflecting a decline of 5.7%[16] - Total equity increased to HK$5,211,832,000, up from HK$5,046,722,000, indicating a growth of 3.3%[16] - Net current assets improved to HK$4,836,436,000, compared to HK$4,721,026,000 in the previous year, showing an increase of 2.4%[16] Segment Performance - Total segment revenue for the six months ended June 30, 2019, was HK$30,031,886, with contributions from components products (HK$6,516,672), mobility digital devices (HK$12,075,502), cloud and big data analytics (HK$7,357,708), and network and data security (HK$4,082,004) [43] - Segment results for the same period showed a profit of HK$594,650, with individual contributions from components products (HK$232,895), mobility digital devices (HK$135,152), cloud and big data analytics (HK$91,084), and network and data security (HK$135,519) [43] Accounting Standards - The Group has adopted HKFRS 16 from January 1, 2019, using the modified retrospective approach, which does not restate comparative information[10] - The Group's revenue for the six months ended June 30, 2019, was recognized in accordance with HKFRS 15, primarily from the sale of goods [49] - The Group adopted HKFRS 16 on January 1, 2019, recognizing right-of-use assets and lease liabilities of HK$156,387,000 each for previously classified operating leases [36] - The Group has applied HKFRS 16 starting January 1, 2019, affecting the financial reporting but not restating comparative information[61] Shareholder Information - As of June 30, 2019, Mr. Li Jialin holds 76,067,200 shares, representing approximately 5.23% of the company's issued share capital[139] - L & L Limited, controlled by Mr. Li Jialin and Ms. Liu Li, holds 311,228,000 shares, accounting for about 21.41% of the company's issued share capital[139] - Ms. Liu Li also holds 204,309,600 shares, which is approximately 14.06% of the company's issued share capital[139] - The company has a total of 311,228,000 shares held by L & L Limited, equally owned by Mr. Li Jialin and Ms. Liu Li[142] Corporate Governance - The company complied with the Corporate Governance Code, except for provisions A.2.1 and A.6.7, which relate to the separation of roles between the chairman and CEO, and attendance of independent directors at general meetings[149][156] - The Audit Committee reviewed the unaudited results for the six months ended June 30, 2019, confirming compliance with applicable accounting standards and adequate disclosures[156] - The Company established a Remuneration Committee to oversee the remuneration policy and structure for directors and senior management[158] - The Company established a Nomination Committee on March 22, 2012, consisting of three Independent Non-executive Directors and the chairman of the board[161]
伟仕佳杰(00856) - 2019 - 中期财报