Financial Performance - VSTECS Holdings Limited reported a revenue of HKD 3.2 billion for the six months ended June 30, 2021, representing a year-on-year increase of 15%[12] - The company's gross profit for the same period was HKD 400 million, with a gross profit margin of 12.5%[12] - Operating profit increased by 20% to HKD 250 million, reflecting improved operational efficiency[12] - The net profit attributable to shareholders was HKD 200 million, up 25% compared to the previous year[12] - Revenue for the six months ended June 30, 2021, increased to HK$34,873,410, representing a growth of 21.7% compared to HK$28,831,578 in 2020[13] - Gross profit for the same period rose to HK$1,691,167, up 23.2% from HK$1,372,863 in 2020[13] - Operating profit increased to HK$818,975, reflecting a growth of 41.1% from HK$580,046 in the previous year[13] - Profit for the period reached HK$645,024, a significant increase of 53.2% compared to HK$421,340 in 2020[13] - Basic earnings per share for the period was 45.60 cents, up from 29.77 cents in 2020, marking a growth of 53.3%[13] - Total comprehensive income for the period was HK$583,483, compared to HK$230,645 in 2020, indicating a substantial increase of 153.5%[17] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[12] - Future guidance estimates revenue growth of 10-15% for the next fiscal year, driven by increased demand for digital solutions[12] - The management emphasized a focus on sustainability and digital transformation as key strategic priorities moving forward[12] - The Group plans to continue executing strategies to increase market share and expand the range of products and services offered[140] Investments and Acquisitions - VSTECS is investing in new technology development, with a budget allocation of HKD 50 million for R&D in 2022[12] - The company has identified potential acquisition targets in the tech sector to enhance its service offerings and expand its customer base[12] Assets and Liabilities - Total assets as of June 30, 2021, were HK$26,850,425, down from HK$29,425,571 at the end of 2020[20] - Total equity increased to HK$7,091,714 from HK$6,826,286 at the end of 2020, reflecting a growth of 3.9%[20] - Net current assets as of June 30, 2021, were HK$4,940,383, compared to HK$4,833,894 at the end of 2020, showing an increase of 2.2%[20] - Total borrowings as of 30 June 2021 amounted to HK$4,854,213, a decrease of 28.0% from HK$6,750,812 as of 31 December 2020[98][99] - Trade payables decreased to HK$10,249,656 as of 30 June 2021, down 5.1% from HK$10,795,001 at the end of 2020[95][96] Shareholder Information - As of June 30, 2021, Mr. Li Jialin held 79,633,200 shares, representing approximately 5.47% of the issued share capital of the Company[147] - L & L Limited, controlled by Mr. Li Jialin and Ms. Liu Li, holds 311,228,000 shares, accounting for about 21.39% of the total share capital[153] - The substantial shareholders include Eternal Asia (HK) Limited, holding 252,211,998 shares, representing 17.33% of the share capital[155] - Fidelity Puritan Trust has a beneficial ownership of 145,576,300 shares, which is 10.00% of the total[155] - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of substantial shareholders[152] Corporate Governance - The company complied with the Corporate Governance Code, except for provisions A.2.1 and A.6.7, which were explained in the report[162] - The roles of chairman and CEO are held by the same individual, Mr. Li Jialin, which the board believes does not impair the balance of power[162] - The Company has established various committees including Audit, Remuneration, and Nomination Committees to ensure compliance and governance[166][168][171] Employee Information - The remuneration paid for the six months ended June 30, 2021, amounted to approximately HK$517,248,000, an increase from HK$424,921,000 for the same period in 2020[142] - The Group had 4,200 full-time employees as of June 30, 2021, up from 3,344 employees as of June 30, 2020[142] Risk Management - The Group is exposed to foreign exchange risk primarily with respect to several currencies, including the United States dollar and Renminbi, and will enter into foreign currency forward contracts as needed[140]
伟仕佳杰(00856) - 2021 - 中期财报