Financial Performance - Revenue for the six months ended June 30, 2020, was HK$28,831,578, a decrease of 4.0% from HK$30,031,886 in the same period of 2019[12]. - Gross profit for the period was HK$1,372,863, down from HK$1,430,970, reflecting a gross margin of approximately 4.77%[12]. - Operating profit decreased to HK$580,046, compared to HK$594,650 in the previous year, representing a decline of 2.5%[12]. - Profit for the period increased to HK$421,340, up 7.5% from HK$392,012 in the same period last year[12]. - Basic earnings per share rose to 29.77 cents, compared to 27.56 cents in the prior year, indicating an increase of 8.0%[12]. - Total comprehensive income for the period decreased to HK$230,645,000, down from HK$420,746,000, reflecting a decline of 45.0%[14]. - Profit for the period increased to HK$421,340,000, up from HK$392,012,000, representing a growth of 7.5% year-over-year[14]. Expenses and Costs - Selling and distribution expenses increased to HK$526,900, up from HK$512,581, reflecting a rise of 2.5%[12]. - Administrative expenses decreased to HK$273,373 from HK$331,029, showing a reduction of 17.4%[12]. - Finance costs decreased to HK$110,148, down from HK$132,103, representing a decline of 16.6%[12]. - The finance costs for the six months ended June 30, 2020, were HK$132,103, compared to HK$110,148 in the previous period, indicating an increase of approximately 20%[37][54]. Cash Flow and Liquidity - Net cash generated from operations reached HK$1,134,979,000, significantly higher than HK$462,778,000 in the previous year, marking an increase of 145.0%[18]. - Cash and cash equivalents at 30 June 2020 amounted to HK$2,364,459,000, compared to HK$1,751,437,000 at the same time last year, an increase of 35.0%[18]. - The company reported a net cash used in financing activities of HK$806,177,000, compared to HK$80,287,000 in the previous year, indicating a significant increase in cash outflow[18]. Assets and Liabilities - Total assets decreased to HK$22,996,411,000 from HK$24,936,069,000, a reduction of 7.8%[16]. - Total liabilities decreased to HK$17,383,523,000 from HK$19,281,597,000, a decline of 9.8%[16]. - Net current assets stood at HK$5,232,444,000, slightly down from HK$5,262,020,000, a decrease of 0.6%[16]. - Total borrowings as of June 30, 2020, amounted to HK$7,323,381,000, a decrease from HK$8,017,112,000 as of December 31, 2019[85]. Segment Performance - The main business segments include consumer electronics, components products, enterprise systems, and cloud computing[30]. - Revenue from the consumer electronics segment decreased to approximately HK$11,107,920,000, down 8% from approximately HK$12,075,502,000 in the previous year[98]. - The enterprise systems segment saw an increase in revenue to approximately HK$12,418,041,000, up 15% from approximately HK$10,846,596,000 in the same period last year[98]. Employee and Shareholder Information - The Group had 3,344 full-time employees as of 30 June 2020, a decrease from 3,422 employees in the same period of 2019[103]. - Total salaries paid for the six months ended June 30, 2020, amounted to approximately HKD 424,921,000, down from HKD 443,195,000 for the same period in 2019, representing a decrease of about 4.5%[104]. - Mr. Li Jialin holds 79,633,200 ordinary shares, representing approximately 5.49% of the issued share capital of the company[107]. - A controlled corporation, L & L Limited, holds 311,228,000 shares, accounting for approximately 21.44% of the company's issued share capital[115]. 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[126]. - The Audit Committee reviewed the unaudited results for the six months ended June 30, 2020, confirming compliance with applicable accounting standards[136]. - The company has established a Remuneration Committee to oversee the remuneration policies for directors and senior management[137].
伟仕佳杰(00856) - 2020 - 中期财报