Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 458.4 million, a decrease of 15.7% from HKD 543.5 million in 2020[2] - Net profit attributable to the owners of the company for the period was HKD 126.6 million, representing a 25.5% increase from HKD 100.1 million in the same period last year[2] - The company reported a total comprehensive income of HKD 124.9 million for the period, compared to HKD 103.3 million in the previous year[16] - The basic and diluted earnings per share for the period were HKD 0.1394, up from HKD 0.1109 in the same period last year[11] - The company reported a pre-tax profit of HKD 128,851,000 for the six months ended September 30, 2021, compared to HKD 100,223,000 in the same period of 2020, reflecting a growth of 28.6%[39][52] - For the six months ended September 30, 2021, the company's profit attributable to owners was HKD 126,623,000, an increase of 25.6% compared to HKD 100,812,000 for the same period in 2020[60] Revenue Breakdown - Semiconductor distribution segment generated a profit of HKD 156.9 million, up 22.9% from HKD 127.7 million in the previous year[2] - Semiconductor distribution segment generated revenue of HKD 442,078,000, down 14.7% from HKD 518,814,000 year-over-year[48][49] - Procurement business revenue was HKD 15,923,000, a decline of 30.5% compared to HKD 23,057,000 in the previous year[48][49] - The consumer products and procurement business recorded revenue of HKD 15.9 million, a decrease from HKD 23.0 million in the previous year[92] - The venture capital segment reported a loss of HKD 1.0 million, compared to a profit of HKD 3.0 million in 2020[92] Assets and Liabilities - Total assets as of September 30, 2021, increased to HKD 1,671.2 million from HKD 1,586.6 million as of March 31, 2021[5] - Total liabilities were HKD 544,362,000 as of September 30, 2021, compared to HKD 573,071,000 as of March 31, 2021, indicating a reduction of 5.0%[42] - The company's equity total rose to HKD 1,522.6 million, up from HKD 1,425.0 million at the end of March 2021[5] - The company's equity attributable to owners increased to HKD 1,512,567 thousand from HKD 1,414,941 thousand, reflecting a rise of about 6.9%[21] - The total non-current liabilities amounted to HKD 15,182 thousand, slightly up from HKD 15,141 thousand as of March 31, 2021, indicating a marginal increase of 0.3%[21] Cash Flow and Liquidity - The net cash flow from operating activities for the six months ended September 30, 2021, was HKD 24,709 thousand, a decrease from HKD 76,931 thousand in the same period of 2020[27] - The company reported a net cash outflow from financing activities of HKD 27,749 thousand, compared to HKD 100,450 thousand in the previous year, showing a significant reduction in cash outflow[27] - The total cash and cash equivalents at the end of the period were HKD 120,799 thousand, up from HKD 65,939 thousand at the end of the previous year, marking an increase of approximately 83.3%[27] - The company's cash and cash equivalents stood at HKD 120.8 million, slightly down from HKD 124.3 million[5] Market and Strategic Focus - The company continues to explore market expansion opportunities and new product development strategies[7] - The company is focused on expanding its market presence in electronic components and consumer products, aiming for growth in both sectors[30] - Future strategies include potential investments in new technologies and products to enhance competitive advantage in the market[30] - The company plans to continue focusing on market expansion and new product development to drive future growth[37] Shareholder Information - The company declared a final dividend of HKD 0.030 per ordinary share for the year ended March 31, 2021, totaling HKD 27,260,000, compared to HKD 22,717,000 for the previous year[59] - The company declared an interim dividend of HKD 0.010 per share for the six months ending September 30, 2021, consistent with the previous year[145] - Major shareholders include BKS with 410,507,602 shares (45.18%), Jade Concept with 96,767,866 shares (10.65%), and Ms. Yang with 559,333,868 shares (61.56%) as of September 30, 2021[133] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting procedures and internal controls for the six months ending September 30, 2021[144] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are held by Dr. Su Yu Jun[140] - The company believes that having the same person serve as both chairman and CEO enhances operational efficiency and execution of business strategies[140] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors for the six months ending September 30, 2021[143]
AV CONCEPT HOLD(00595) - 2022 - 中期财报