Financial Performance - The revenue for the six months ended March 31, 2021, was approximately HK$324,972,000, compared to HK$306,832,000 for the same period in 2020, showing stability [9]. - The gross profit for the same period was approximately HK$111,618,000, up from HK$105,124,000 in 2020, indicating a stable performance [9]. - Profit attributable to the owners of the Company for the six months ended March 31, 2021 was approximately HK$29,760,000, representing an increase of approximately 60.5% from HK$18,546,000 in 2020 [11]. - Total comprehensive income for the period attributable to the owners of the Company was HK$33,579,000, compared to HK$16,484,000 in the previous year, marking a growth of 103.5% [68]. - Basic earnings per share increased to HK5.28 cents from HK3.19 cents, reflecting a growth of 65.5% [66]. Cost Management - Selling and distribution costs decreased by approximately 10.2%, from HK$24,851,000 in 2020 to HK$22,323,000 in 2021, attributed to tightened cost control due to COVID-19 [9]. - Administrative expenses remained relatively stable at approximately HK$52,790,000 in 2021 compared to HK$53,097,000 in 2020 [9]. - The company continues to focus on cost control measures in response to the ongoing impacts of COVID-19 [9]. - Employee benefits expense for the six months ended March 31, 2021, amounted to approximately HK$48,087,000, an increase from approximately HK$39,028,000 for the same period in 2020 [24]. Operational Stability - The Group's financial performance remained stable despite external challenges, reflecting resilience in operations [9]. - Future outlook includes maintaining operational stability and exploring potential market opportunities [9]. - The Group operates 3 manufacturing plants located in the PRC, Vietnam, and Indonesia, with plans to expand facilities to meet customer needs [11]. Investments and Assets - The Group is committed to enhancing its investment property portfolio while managing costs effectively [9]. - As of March 31, 2021, the Group had interest-bearing bank borrowings of approximately HK$2,306,000, a significant decrease from approximately HK$33,880,000 as of September 30, 2020 [20]. - The Group's gearing ratio as of March 31, 2021, was approximately 1.5%, down from approximately 9.2% as of September 30, 2020 [20]. - The Group had capital commitments of approximately HK$987,000 for acquisitions of property, plant, and equipment, up from approximately HK$889,000 as of September 30, 2020 [22]. Revenue Breakdown - Revenue from the People's Republic of China was HK$43,753,000, up from HK$41,701,000, reflecting a growth of 4.9% [95]. - Revenue from Vietnam increased to HK$222,402,000, compared to HK$209,889,000, marking an increase of 5.7% [95]. - Revenue from Indonesia rose to HK$24,392,000, up from HK$21,285,000, representing a growth of 14.8% [95]. - Revenue from Bangladesh was HK$34,425,000, slightly increasing from HK$33,957,000, which is a growth of 1.4% [95]. Shareholder Information - The Board declared an interim dividend of HKD 2.7 cents per share for the six months ended March 31, 2021, compared to no dividend for the same period in 2020 [30]. - Mr. Ieong Un holds a long position of 342,500,000 shares, representing approximately 60.80% of the shareholding [33]. - Mrs. Chan Sut Kuan, as the spouse of Mr. Ieong Un, is deemed to be interested in 421,318,769 shares, representing approximately 74.79% of the company's total shareholding [48]. Compliance and Governance - The Company complied with the Corporate Governance Code provisions for the six months ended March 31, 2021 [30]. - The audit committee reviewed the condensed consolidated financial statements for the six months ended March 31, 2021, in accordance with Hong Kong Standard on Review Engagements 2410 [52]. - The independent auditor, RSM Hong Kong, conducted a review of the interim financial information for compliance with relevant provisions and accounting standards [59]. Future Outlook - The short to medium term outlook remains uncertain due to the persistent effects of the epidemic, making sales performance predictions challenging [14]. - The medium to long term outlook is stable, driven by growing global demand for footwear and increasing quality requirements for adhesives [15]. - The Group will continue to invest in its core business and consider developing its OEM business to broaden its revenue base [16].
星谦发展(00640) - 2021 - 中期财报