Revenue and Profit Growth - The group's revenue increased from approximately HKD 436 million to HKD 619 million, representing a growth of 42%[2] - Profit attributable to the company's owners rose from HKD 81 million to HKD 122 million, an increase of approximately 51%[2] - Revenue for the six months ended September 30, 2021, was HKD 618,606,000, an increase of 42.0% compared to HKD 435,593,000 for the same period in 2020[34] - The attributable profit for the period was HKD 121,718,000, an increase of 49.7% from HKD 81,277,000 in the previous year[67] Business Segment Performance - The sales of LCD and LCM businesses grew by 42%, with LCD sales increasing by 33% to HKD 126 million and LCM sales increasing by 34% to HKD 393 million[5] - The profit from the investment in Nantong Jianghai increased from HKD 63 million to HKD 92 million, a growth of 46%[2] - Revenue from LCD and LCD module products reached HKD 618,606 thousand for the six months ended September 30, 2021, up 42% from HKD 435,593 thousand in 2020[55] - The gross profit for LCD and LCD module products was HKD 46,731 thousand, compared to HKD 26,250 thousand in the previous year, reflecting an increase of 78%[55] Expenses and Financial Metrics - The gross profit increased from HKD 61 million to HKD 99 million, with the gross margin rising from 14% to 16%[5] - Sales and distribution expenses rose by 19% to approximately HKD 43 million, attributed to increased credit loss provisions and promotional expenses[6] - The company's administrative expenses increased to HKD 15,796,000 from HKD 13,953,000, reflecting a rise of 13.2%[34] - The company reported a total tax expense of HKD 14,481 thousand for the six months ended September 30, 2021, compared to HKD 9,226 thousand in 2020[62] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of HKD (7,614) thousand for the six months ended September 30, 2021, compared to HKD 47,606 thousand for the same period in 2020[42] - The total cash and cash equivalents at the end of the period were HKD 96,934 thousand, a decrease from HKD 237,622 thousand in the previous year[42] - The group's current ratio as of September 30, 2021, was 1.8, down from 2.0 as of March 31, 2021[14] - Total assets as of September 30, 2021, were approximately HKD 2,775 million, with liabilities amounting to approximately HKD 494 million and total equity of approximately HKD 2,281 million[14] Strategic Initiatives and Market Development - The company plans to adopt aggressive marketing strategies in high-value markets to enhance profitability in the upcoming fiscal period[3] - Suzhou Qingyue is diversifying by developing the electronic paper module market and has made progress in silicon-based OLED research[3] - The company is conducting R&D and production line construction for silicon-based OLEDs to strengthen its profitability in the rapidly growing AR and VR markets[10] - The decline in profit was primarily due to reduced OLED demand from overseas customers, particularly in the healthcare sector, which saw a post-pandemic decline[9] Shareholder Returns and Equity - The company does not recommend the distribution of an interim dividend for the six months ended September 30, 2021[17] - The group declared a dividend of HKD 19,862,000 for the six months ended September 30, 2021, compared to HKD 49,982,000 for the same period in 2020[65] - The company repurchased a total of 6,560,000 shares at a total cost of HKD 19,948,280 during the buyback period from June 29, 2021, to August 10, 2021[29] - The weighted average number of ordinary shares for basic earnings per share was 979,792,000 shares, down from 984,259,000 shares in the previous year[67] Investment and Capital Expenditure - The group invested HKD 27,641,000 in property, plant, and equipment, compared to HKD 26,076,000 in the same period last year, primarily for the production of LCD-related products in China[68] - Capital commitments for the acquisition of property, plant, and equipment rose to HKD 15,738,000 as of September 30, 2021, up from HKD 11,696,000 at the end of the previous reporting period, indicating an increase of 34.9%[85] - The company raised new bank loans amounting to HKD 3,787 thousand during the financing activities[42] - The group obtained new bank loans of HKD 3,787,000 during the period, with a fixed market interest rate of 2.66%[74]
亿都(国际控股)(00259) - 2022 - 中期财报