Financial Performance - Revenue for the six months ended September 30, 2020, was HK$1,472,297, an increase from HK$1,424,748 in the same period of 2019, representing a growth of 3.3%[18] - Gross profit for the period was HK$315,343, compared to HK$239,153 in 2019, reflecting a significant increase of 31.8%[18] - Operating profit rose to HK$223,358, up from HK$176,199 in the previous year, marking a growth of 26.8%[18] - Profit for the period attributable to equity shareholders was HK$152,082, an increase of 32.9% from HK$114,415 in 2019[21] - Basic and diluted earnings per share increased to HK$7.6, compared to HK$5.7 in the same period last year, representing a growth of 33.3%[18] - Total comprehensive income for the period was HK$190,643, compared to HK$49,270 in 2019, indicating a substantial increase of 286.5%[21] - Profit before taxation for the six months ended September 30, 2020, was $221,392,000, compared to $165,726,000 for the same period in 2019, indicating a growth of approximately 33.6%[66] - Profit attributable to equity shareholders increased to $152,082,000 in 2020 from $114,415,000 in 2019, representing a growth of approximately 32.9%[123] Assets and Liabilities - The unaudited consolidated total assets of Karrie International Holdings Limited as of September 30, 2020, amounted to HKD 3,394,728,000, an increase of 12.4% from HKD 3,018,785,000 as of March 31, 2020[6] - Non-current assets increased to HKD 913,027,000 from HKD 893,289,000, reflecting a growth of 2.0%[6] - Current assets rose to HKD 2,481,701,000, up 16.8% from HKD 2,125,496,000[6] - Total liabilities increased to HK$2,126,365 from HK$1,843,085, reflecting a rise of 15.4%[18] - Total equity as of September 30, 2020, was HK$1,268,363, up from HK$1,175,700 as of March 31, 2020, indicating an increase of 7.9%[18] Cash Flow and Investments - For the six months ended September 30, 2020, net cash generated from operating activities was HK$22,280,000, a decrease from HK$105,723,000 in the same period of 2019[35] - Cash and cash equivalents at the end of the period were HK$123,723,000, down from HK$254,936,000 at the end of the same period in 2019[35] - Cash generated from operations was HK$27,605,000, significantly lower than HK$112,081,000 in the previous year[35] - The company experienced a net decrease in cash and cash equivalents of HK$144,559,000 during the period[35] - Cash and bank deposits increased significantly to HKD 388,634,000, compared to HKD 297,482,000, representing a growth of 30.6%[6] - The group acquired property, plant, and equipment at a cost of approximately $42,877,000 during the six months ended September 30, 2020, compared to $32,562,000 for the same period in 2019[67] Business Segments and Revenue Sources - The company is engaged in multiple business segments, including Metal and Plastic Business, Electronic Manufacturing Services, and Real Estate Business[40] - Revenue from the metal and plastic business was $914,207,000, while the electronic manufacturing services business generated $394,732,000, and the real estate business contributed $175,820,000 for the six months ended September 30, 2020[60] - The turnover of the metal and plastic business increased by approximately 18% to HK$901,745,000 compared to HK$761,320,000 in the same period last year[181] - The electronic manufacturing services business turnover decreased by approximately 27% to HK$394,732,000 from HK$544,089,000 in the same period last year[182] - Overall industrial business revenue remained stable at HK$1,296,477,000, with operating profit rising approximately 19% to HK$136,640,000 from HK$115,289,000 in the same period last year[183] Strategic Focus and Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[6] - Future outlook indicates a commitment to strategic acquisitions and partnerships to drive growth and innovation[6] - The Group is committed to automation processes in metal stamping, plastic injection moulding, and chassis assembly to enhance production efficiency and product quality[189] - The Group aims to develop new products in personal health care and automotive mould manufacturing during the period[189] - The Group plans to establish production bases in ASEAN countries to explore more business opportunities following the signing of the Regional Comprehensive Economic Partnership (RCEP)[195] Dividends and Share Capital - The company paid dividends of HK$99,692,000 during the period, consistent with the previous year's payment[35] - The final dividend for the year ended March 31, 2020, was $99,882,000, equivalent to 5.0 HK cents per share, consistent with the previous year[123] - An interim dividend of 4.0 HK cents per share and a special dividend of 0.5 HK cents per share were declared for the six months ended September 30, 2020, totaling $79,906,000 and $9,988,000 respectively[123] - The total issued and fully paid ordinary shares increased to 1,997,640,000 as of September 30, 2020, from 1,993,840,000 as of March 31, 2020, reflecting a slight increase of 0.2%[88] Other Financial Metrics - Other comprehensive income for the period was HK$38,561, compared to a loss of HK$65,145 in the previous year, showing a significant recovery[21] - The group recorded a gain on disposal of property, plant, and equipment amounting to $340,000 for the six months ended September 30, 2020, compared to a gain of $187,000 for the same period in 2019[67] - The group’s finance income for the six months ended September 30, 2020, was $1,968,000, while finance costs were $5,201,000, resulting in a net finance cost of $3,233,000[66] - Current taxation for Hong Kong profits tax increased to $11,006,000 from $7,332,000[116] - PRC taxes also rose to $58,304,000 from $43,979,000[116]
嘉利国际(01050) - 2021 - 中期财报