德永佳集团(00321) - 2022 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2021, was HK$4,172,121, an increase from HK$3,407,293 in the same period of 2020, representing a growth of approximately 22.5%[12] - Gross profit for the period was HK$1,177,250, compared to HK$1,012,312 in 2020, indicating a gross profit margin improvement[12] - Profit for the period was HK$137,243, slightly down from HK$140,064 in the previous year, reflecting a decrease of about 2%[15] - Total comprehensive income for the period was HK$165,353, down from HK$276,102 in 2020, showing a decline of approximately 40.1%[15] - Earnings per share attributable to ordinary equity holders was 10.0 HK cents, compared to 10.1 HK cents in the same period last year[12] - Other income and gains decreased to HK$61,720 from HK$87,652 in 2020, a decline of about 29.6%[12] - Selling and distribution expenses increased to HK$601,714 from HK$552,200, reflecting a rise of approximately 9%[12] - Administrative expenses rose to HK$455,719 from HK$332,640, indicating an increase of about 37%[12] - The Group's total revenue, including other income, reached HK$4,220,305,000, up from HK$3,479,480,000 in 2020, marking an increase of approximately 21%[46] - Profit for the period was HK$137,243,000, compared to HK$140,064,000 in the prior year, indicating a decrease of about 2%[46] Assets and Liabilities - Total non-current assets increased to HK$2,601,016,000 as of September 30, 2021, up from HK$2,535,973,000 as of March 31, 2021, representing a growth of 2.6%[17] - Current assets rose to HK$6,789,264,000, compared to HK$6,204,421,000, reflecting an increase of 9.4%[17] - Total current liabilities increased to HK$3,546,461,000, compared to HK$2,872,405,000, indicating a rise of 23.4%[17] - Non-current liabilities totaled HK$416,883,000, down from HK$468,236,000, a reduction of 10.9%[20] - Net current assets decreased to HK$3,242,803,000 from HK$3,332,016,000, a decline of 2.7%[20] - Total assets less current liabilities stood at HK$5,843,819,000, slightly down from HK$5,867,989,000, a decrease of 0.4%[20] Cash Flow and Dividends - Net cash flows from operating activities for the six months ended September 30, 2021, were HK$470,033, compared to HK$563,598 in the previous year, indicating a decrease of about 16%[26] - Cash and cash equivalents at the end of the period stood at HK$1,568,683, up from HK$1,004,125, reflecting an increase of approximately 56%[26] - Proposed interim dividends amounted to HK$110,536,000, compared to HK$138,170,000, reflecting a decrease of 20%[20] - The company declared dividends of HK$138,170 for the period, consistent with the previous year[23] Segment Performance - Segment revenue from external customers increased to HK$3,040,170,000 in 2021 from HK$2,308,488,000 in 2020, representing a growth of approximately 32%[46] - The retailing and distribution segment reported a loss before tax of HK$187,457,000, compared to a loss of HK$172,749,000 in the previous year[46] - Net sales for the retail and distribution business increased by 3.0% to HK$1,131 million for the six months ended 30 September 2021, compared to HK$1,098 million for the same period in 2020[129] - The gross profit margin for the retail and distribution business improved to 45.0%, up from 42.3% in the previous year[130] Management and Governance - The company’s audit committee has reviewed the interim results, ensuring compliance and accuracy in financial reporting[11] - The Group's finance department is responsible for determining the policies and procedures for fair value measurement, reporting directly to the Board[104] - The Audit Committee reviewed the interim report and risk management, providing recommendations to the Board[177] - The Company complied with all provisions of the Corporate Governance Code except for the chairman's attendance at the annual general meeting[178] Shareholder Information - As of September 30, 2021, Poon Bun Chak holds 698,446,104 ordinary shares, representing 50.55% of the Company's issued share capital[162] - Pandanus Associates Inc. and Pandanus Partners L.P. each hold 96,812,000 ordinary shares, representing 7.01% of the Company's issued share capital[168] - Fidelity Funds is a beneficial owner of 69,148,000 ordinary shares, representing 5.00% of the Company's issued share capital[168] Social Responsibility - The Group participated in various charitable activities, including donations to the Educational Fund in Dongguan City and the Hong Kong Red Cross[158] - The Group encourages participation in social, educational, and environmental protection activities to foster community development[158] - The Group continues to invest resources in major social and environmental activities for community betterment[158]