Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 1,551,575, representing a 66% increase compared to HKD 932,146 for the same period in 2020[7] - Profit attributable to owners of the company for the same period was HKD 30,146, reflecting a 131% increase from HKD 13,059 in 2020[7] - Basic earnings per share increased to HKD 4.62, up 131% from HKD 2.00 in the previous year[7] - Gross profit for the six months was HKD 56,207, up from HKD 34,452, indicating improved profitability[9] - Total revenue for the six months ended June 30, 2021, was HKD 1,551,575,000, representing a 66.5% increase from HKD 932,146,000 in the same period of 2020[21] - The company recorded a net profit attributable to owners of HKD 30,146,000 for the six months ended June 30, 2021, compared to HKD 13,059,000 in the same period of 2020, marking a 130.8% increase[28] - The company’s total operating expenses increased to HKD 7,039,000 for the six months ended June 30, 2021, from HKD 5,241,000 in the same period of 2020[26] - Operating costs for the reporting period were HKD 20,405,000, up 22% from HKD 16,713,000 in 2020[48] Dividends - The company declared an interim dividend of HKD 1.00 per share, compared to no dividend in the same period last year[7] - The company paid a final dividend of HKD 0.025 per share, totaling HKD 16,319,250, approved on May 18, 2021[24] - The company declared an interim dividend of HKD 0.01 per share, compared to no dividend in the previous year[41] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 830,932, compared to HKD 547,676 as of December 31, 2020[11] - Current liabilities increased to HKD 657,767 from HKD 389,995, indicating a rise in short-term obligations[11] - The company’s cash and cash equivalents decreased to HKD 112,525 from HKD 140,961, reflecting cash flow dynamics[11] - The total equity increased to HKD 182,546 from HKD 168,719, showing growth in shareholder value[11] - Trade receivables increased to HKD 247,754,000 as of June 30, 2021, up from HKD 146,126,000 as of December 31, 2020, reflecting a growth of 69%[30] - The net amount of trade and other receivables reached HKD 282,911,000, compared to HKD 166,335,000 in the previous year, indicating a 70% increase[30] - Trade payables amounted to HKD 412,295,000 as of June 30, 2021, an increase from HKD 295,407,000 as of December 31, 2020, representing a growth of 39%[33] - The total contract liabilities related to advance payments from customers increased to HKD 31,504,000 as of June 30, 2021, compared to HKD 10,279,000 in 2020[35] Cash Flow - The company reported a net loss from operating activities of HKD 134,516,000 for the six months ended June 30, 2021, compared to a net cash inflow of HKD 27,388,000 in the same period of 2020[14] - Cash and cash equivalents at the end of the period were HKD 112,525,000, a slight increase from HKD 110,817,000 at the end of June 2020[14] - The company’s financing activities generated a net cash inflow of HKD 106,139,000 for the six months ended June 30, 2021, compared to a net cash outflow of HKD 31,350,000 in the same period of 2020[14] Inventory and Operations - The company reported a significant increase in inventory to HKD 428,404 from HKD 239,680, suggesting expansion in operations[11] - The aging analysis of trade receivables shows that amounts overdue by 1 to 30 days increased to HKD 176,164,000 from HKD 96,052,000 year-on-year[31] - The company benefited from strong sales of Innolux panel solutions, particularly in the tablet and automotive application sectors, contributing to overall revenue growth[43] - Inventory turnover days were 40 days, slightly up from 41 days in 2020[51] Future Outlook - The company expects to maintain growth momentum in the second half of 2021, driven by the demand for panels used in smartphones, automobiles, and wearable devices due to the rollout of 5G networks[45] - The company is developing IC solutions for portable fast charging devices, expected to achieve significant shipment volumes by the end of 2021[45] Corporate Governance - The company has complied with the GEM Listing Rules and corporate governance code during the reporting period[76] - No purchase, sale, or redemption of the company's listed securities occurred during the review period[75] - The board expresses gratitude to all employees, shareholders, customers, suppliers, and business partners for their ongoing support[81] Shareholder Information - As of June 30, 2021, major shareholder Shijie holds 212,513,000 shares, representing 32.56% of the company's issued share capital[69]
扬宇科技(08113) - 2021 - 中期财报