Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 17,180,654, representing a 105.7% increase compared to HKD 8,350,516 in the same period of 2020[4] - Profit attributable to owners of the company for the same period was HKD 426,571, a significant increase of 227.2% from HKD 130,377 in 2020[4] - Basic earnings per share rose to HKD 68.16, up 227.2% from HKD 20.83 in the previous year[6] - Gross profit for the six months was HKD 847,486, compared to HKD 400,490 in the same period last year[5] - Total comprehensive income for the period was HKD 546,446, up from HKD 170,935 in 2020[6] - The company reported a net profit before tax of HKD 656,573, compared to HKD 204,444 in the previous year[5] - The total comprehensive income attributable to owners for the six months ended June 30, 2021, was HKD 1,834,554, compared to HKD 1,622,350 in the same period of 2020, reflecting an increase of approximately 13.1%[10] - Customer contract revenue reached HKD 17,167,897, up 105.0% from HKD 8,341,857 in the previous year[19] - Sales of electronic components and semiconductors amounted to HKD 17,111,032, a significant increase from HKD 8,228,426, representing a growth of 107.5%[15] Dividends and Shareholder Returns - The interim dividend per share increased to HKD 15.00, reflecting a 233.3% rise from HKD 4.50 in 2020[4] - The company declared an interim dividend of HKD 0.15 per share, significantly higher than HKD 0.045 per share in 2020[33] Assets and Liabilities - Cash and cash equivalents increased to HKD 2,095,925 as of June 30, 2021, compared to HKD 1,166,982 at the end of 2020[7] - Total assets of the company as of June 30, 2021, were HKD 7,340,176, an increase from HKD 5,692,336 at the end of 2020[7] - Total liabilities increased to HKD 6,055,066 as of June 30, 2021, compared to HKD 4,847,615 at the end of 2020, marking an increase of approximately 24.9%[8] - The equity attributable to owners of the company rose to HKD 2,179,582 as of June 30, 2021, up from HKD 1,855,757 at the end of 2020, indicating a growth of about 17.4%[8] - The company’s retained earnings stood at HKD 1,442,953 as of June 30, 2021, compared to HKD 1,570,295 in the previous period, showing a decrease of approximately 8.1%[10] Cash Flow and Operating Activities - The company reported a net cash outflow from operating activities of HKD (124,531) for the six months ended June 30, 2021, an improvement from HKD (890,888) in the prior year[11] - The financing activities generated a net cash inflow of HKD 1,055,541 for the six months ended June 30, 2021, compared to HKD 999,532 in the same period of 2020, reflecting a slight increase of 5.6%[11] - The group recorded a net operating cash outflow of HKD 124,531,000 for the six months ended June 30, 2021, compared to a net outflow of HKD 890,888,000 in the same period last year[42] Customer and Market Insights - Major customer A contributed HKD 9,200,559, accounting for over 10% of total revenue, compared to HKD 4,653,253 in the prior period[20] - The company’s five largest customers accounted for 65% of total revenue during the review period, consistent with the previous year[27] Operational Efficiency - Inventory turnover period and average accounts payable turnover period were 20 days and 29 days respectively, compared to 44 days and 35 days in 2020[42] - The company maintained a current ratio of 121% as of June 30, 2021, compared to 117% at the end of 2020[41] Employee and Community Engagement - The vaccination rate of employees in Hong Kong has exceeded 90% to mitigate the impact of COVID-19 on public health and society[59] - The chairman wishes good health to all stakeholders, reflecting the company's commitment to employee and community well-being[59] - The company expresses gratitude to shareholders, customers, suppliers, and business partners for their long-term support and trust[59] Corporate Governance - The board believes that the current arrangement of having the same individual serve as both chairman and CEO is acceptable and in the best interest of the group[56] - The audit committee has reviewed the accounting principles and policies, internal controls, and risk management for the six months ended June 30, 2021[57]
S.A.S. DRAGON(01184) - 2021 - 中期财报