Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 1,556,820, an increase of 8.2% compared to HKD 1,438,904 in 2020[7] - Operating profit for the period was HKD 55,827, a significant recovery from an operating loss of HKD 269,741 in the same period last year[7] - The net profit attributable to the company's owners was HKD 27,812, compared to a loss of HKD 613,166 in the previous year[7] - The company reported a total comprehensive income of HKD 51,867, a recovery from a loss of HKD 662,945 in the previous year[9] - Total comprehensive income for the six months ended June 30, 2021, was HKD 51,867,000, compared to a loss of HKD 662,945,000 for the same period in 2020[18] - Cash flow from operating activities generated HKD 41,298,000, a significant improvement from a cash outflow of HKD 404,000 in the previous year[21] - The company reported a profit attributable to owners of HKD 27,812,000 for the six months ended June 30, 2021, compared to a loss of HKD 613,166,000 in the same period of 2020[77] - Basic earnings per share for the six months ended June 30, 2021, was HKD 0.06, a significant improvement from a loss of HKD 1.28 per share in 2020[77] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 7,585,931, a decrease from HKD 7,703,225 as of December 31, 2020[12] - The company's cash and cash equivalents increased to HKD 680,202 from HKD 532,783 at the end of 2020[12] - The total equity attributable to the owners of the company was HKD 4,333,774, compared to HKD 4,376,071 at the end of 2020[15] - The company reported a total equity of HKD 4,376,071,000 as of June 30, 2021, up from HKD 4,328,924,000 a year earlier[18] - The company’s total reserves increased to HKD 4,175,198,000 as of June 30, 2021, from HKD 4,128,047,000 a year earlier[18] - The total liabilities for derivative financial instruments as of June 30, 2021, amounted to HKD 18,576,000, down from HKD 26,592,000 as of December 31, 2020, indicating a decrease of approximately 30.3%[37][38] Dividends - The company declared a dividend of HKD 9,570, down from HKD 7,177 in the previous year[7] - The interim dividend declared was HKD 0.015 per share, totaling HKD 7,177,000, down from HKD 0.02 per share and HKD 9,570,000 in 2020[74] Segment Performance - For the six months ended June 30, 2021, the EMS segment reported external revenue of HKD 1,523,794, while the property holding segment generated rental income of HKD 33,026, totaling HKD 1,556,820 in external revenue[51] - The reported segment performance for the EMS segment was HKD 55,645, compared to a loss of HKD 582,149 in the same period of 2020[58] - The property holding segment recorded revenue of HKD 33,000,000, down from HKD 34,400,000 in the same period last year, with a segment profit of HKD 17,600,000 compared to a loss of HKD 630,400,000 in the previous year[119] Cash Flow and Financing - Net cash used in investing activities was HKD 185,617,000, compared to HKD 217,485,000 in the prior year, indicating a reduction in cash outflow[21] - The company’s financing activities resulted in a net cash outflow of HKD 3,353,000, compared to a net inflow of HKD 61,344,000 in the previous year[21] - The company’s cash flow from financing activities included new bank loans of HKD 745,000,000, an increase from HKD 445,000,000 in the prior year[21] - As of June 30, 2021, total loans amounted to HKD 2,109,795,000, a slight increase from HKD 2,038,670,000 as of December 31, 2020[17] Accounting and Compliance - The company has not yet adopted several new accounting standards and amendments effective from January 1, 2021, including the revised Hong Kong Financial Reporting Standard No. 16 related to rent concessions due to COVID-19, which will take effect on April 1, 2021[29] - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group, discussing audit, internal control, and financial reporting matters[152] Shareholder Information - The company’s major shareholder, Wang Zhongmo, holds 28.60% of the issued shares, amounting to 136,828,569 shares[130] - Salop Hong Kong Limited holds 135,828,569 shares, representing 28.39% of the total shares[134] - HSBC International Trustee Limited holds 119,452,699 shares, representing 24.96% of the total shares[134] - Wang Zhongya holds 90,308,532 shares, representing 18.87% of the total shares[137] - Kong King International Limited holds 88,073,532 shares, representing 18.41% of the total shares[134] Operational Developments - The group is focusing on expanding its EMS business in Hai Duong Province, Vietnam, with a new facility expected to be completed in Q1 2022, covering an area of 30,000 square meters[126] - The EMS business aims to expand its customer base, control costs, and enhance operational efficiency while providing value-added services[127] - The group has signed contracts to lease approximately 17,000 square meters of new land for the expansion of its facilities[126] - As of June 30, 2021, the group employed approximately 3,700 employees, with a compensation policy based on job nature, qualifications, and experience[125]
王氏国际(00099) - 2021 - 中期财报