Financial Performance - Revenue for the six months ended September 30, 2019, increased to HK$1,424,748,000, a growth of 9.6% compared to HK$1,300,003,000 in 2018[12]. - Gross profit for the same period rose to HK$239,153,000, representing a 33.7% increase from HK$178,806,000 in 2018[12]. - Operating profit surged to HK$176,199,000, up 62.8% from HK$108,337,000 in the previous year[12]. - Profit for the period attributable to equity shareholders was HK$114,415,000, an increase of 30% compared to HK$88,069,000 in 2018[14]. - Basic and diluted earnings per share both increased to 5.7 HK cents, up from 4.4 HK cents in the prior year[12]. - Total comprehensive income for the period was HK$49,270,000, compared to HK$24,424,000 in 2018, reflecting a significant improvement[14]. - The company reported finance costs of HK$13,631,000, which increased from HK$7,255,000 in 2018[12]. - Profit before taxation for the same period was $165,726,000, slightly down from $165,803,000 in 2018, indicating a minor decline[59]. - The finance costs, net, were reported at $(11,071,000), compared to $(10,959,000) in the previous year, indicating an increase in finance costs[59]. Assets and Liabilities - The unaudited consolidated total assets as of September 30, 2019, amounted to HKD 2,712,938,000, an increase from HKD 2,463,918,000 as of March 31, 2019, representing a growth of approximately 10.1%[6]. - Current assets increased to HKD 1,853,119,000 as of September 30, 2019, compared to HKD 1,596,282,000 as of March 31, 2019, reflecting a rise of about 16.0%[6]. - Total equity decreased to HKD 1,117,777,000 as of September 30, 2019, down from HKD 1,166,860,000 as of March 31, 2019, a decline of about 4.2%[9]. - Current liabilities increased to HKD 946,659,000, compared to HKD 732,243,000 as of March 31, 2019, marking an increase of approximately 29.3%[9]. - Non-current liabilities rose to HKD 648,502,000 as of September 30, 2019, up from HKD 564,815,000, reflecting an increase of about 14.8%[9]. - The balance of total equity as of September 30, 2019, was HK$1,117,777,000, compared to HK$1,166,860,000 at the beginning of the period[17]. - The remaining contractual maturities of lease liabilities as of September 30, 2019, included 3,284,000 HKD due within one year[55]. - Total liabilities increased from 1,297,058,000 HKD to 1,304,761,000 HKD following the adoption of HKFRS 16[48]. Cash Flow - Net cash generated from operating activities for the six months ended September 30, 2019, was HK$105,723,000, a decrease of 51.0% compared to HK$215,985,000 in 2018[22]. - The Group's total cash generated from operations was HK$112,081,000, down from HK$223,138,000 in the previous year, representing a decline of 49.9%[22]. - The net cash used in financing activities decreased significantly to HK$28,551,000 from HK$193,862,000 in 2018, indicating a reduction of 85.3%[22]. - The effect of foreign exchange rate changes on cash and cash equivalents was a loss of HK$3,370,000, compared to a loss of HK$5,064,000 in 2018[22]. - The total cash flows remained unaffected by the adoption of HKFRS 16, but the presentation of cash flows changed within the cash flow statement[59]. Investments and Capital Expenditures - The Group's cash flows from investing activities included a payment of HK$45,434,000 for the purchase of property, plant, and equipment, which is consistent with the previous year's payment of HK$45,446,000[22]. - The group acquired property, plant, and equipment at a cost of approximately $32,562,000 during the six months ended September 30, 2019, compared to $37,795,000 in the same period of 2018[167]. - The group disposed of property, plant, and equipment with a net book value of $81,000 during the six months ended September 30, 2019, resulting in a gain on disposal of $187,000[167]. Shareholder Activities - The company paid dividends amounting to HK$99,692,000 during the period[17]. - The Group's dividends paid amounted to HK$99,692,000, a decrease from HK$145,552,000 in the previous year, reflecting a reduction of 31.5%[22]. - During the period, the company repurchased a total of 714,000 shares at an aggregate amount of $795,000, with the highest price paid per share being $1.14[187]. - The company exercised share options to subscribe for 2,720,000 ordinary shares at a consideration of $1,904,000, which is an increase from 1,390,000 shares at $973,000 in the previous period[185]. Accounting Standards and Changes - The Group has adopted HKFRS 16, which introduces a single accounting model for lessees, effective from April 1, 2019[31]. - The Group transitioned to HKFRS 16 on April 1, 2019, determining lease liabilities based on the present value of remaining lease payments, with a weighted average incremental borrowing rate of 3.39%[40]. - All leases are now capitalized, eliminating the previous classification of operating and finance leases, except for short-term leases and low-value assets[35]. - The transition to HKFRS 16 allows for a more accurate reflection of lease obligations on the balance sheet[40]. - The total lease liabilities recognized as of April 1, 2019, were 7,703,000 HKD after deducting future interest expenses of 314,000 HKD[44]. Segment Performance - The metal and plastic business segment reported an operating profit of $100,634,000 for the six months ended September 30, 2019, compared to $89,970,000 in 2018[59]. - The electronic manufacturing services business generated revenue of $782,045,000, while the metal and plastic business contributed $544,089,000, and the real estate business added $119,339,000 for the six months ended September 30, 2019[161]. - For the six months ended September 30, 2019, the total segment revenue was approximately $1,445,473,000, an increase from $1,321,804,000 in the same period of 2018, representing a growth of about 9.3%[161].
嘉利国际(01050) - 2020 - 中期财报