Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 122,290 thousand, representing an increase of 76.7% compared to HKD 69,235 thousand for the same period in 2020[4] - Gross profit for the six months ended June 30, 2021, was HKD 26,545 thousand, up 100.0% from HKD 13,287 thousand in the same period of 2020[4] - The company reported a profit of HKD 4,163 thousand for the six months ended June 30, 2021, compared to a loss of HKD 2,740 thousand for the same period in 2020[4] - Total revenue for the six months ended June 30, 2021, was HKD 122,290,000, a 76.7% increase from HKD 69,235,000 in the same period of 2020[42] - The company reported a net profit of 4,163 thousand HKD for the six months ended June 30, 2021, compared to a loss of 2,740 thousand HKD in the same period of 2020[66] - The profit attributable to the company's owners for the period was approximately HKD 4.2 million, compared to a loss of approximately HKD 2.7 million in the first half of 2020, with EBITDA of approximately HKD 17.1 million, up from HKD 7.3 million in the previous year[104] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 258,075 thousand, an increase from HKD 251,031 thousand as of December 31, 2020[24] - The net asset value of the company was HKD 237,725 thousand as of June 30, 2021, compared to HKD 232,058 thousand as of December 31, 2020[24] - The company had bank borrowings of HKD 19.69 million as of June 30, 2021, compared to HKD 11.46 million as of December 31, 2020[83] - The group's total bank borrowings and overdrafts amounted to approximately HKD 40.3 million as of June 30, 2021, compared to HKD 32.9 million as of December 31, 2020[111] - As of June 30, 2021, the group's current assets net value was approximately HKD 131.9 million, up from HKD 124.8 million as of December 31, 2020, with a current ratio of approximately 3.0[111] Cash Flow - The company’s cash and cash equivalents increased to HKD 34,650 thousand as of June 30, 2021, from HKD 32,188 thousand as of December 31, 2020[23] - Cash and cash equivalents decreased to HKD 31,591,000 as of June 30, 2021, down from HKD 56,049,000 at the beginning of the year[33] - The net cash used in operating activities was HKD 8,282,000 for the six months ended June 30, 2021, compared to a net cash inflow of HKD 25,033,000 in the same period of 2020[27] - The company reported a net cash inflow from financing activities of HKD 6,926,000 for the period, contrasting with a net cash outflow of HKD 25,143,000 in the previous year[29] Expenses - The company’s administrative expenses for the six months ended June 30, 2021, were HKD 14,710 thousand, compared to HKD 12,927 thousand for the same period in 2020, reflecting an increase of 13.8%[4] - The company’s sales and distribution expenses for the six months ended June 30, 2021, were HKD 5,753 thousand, compared to HKD 4,630 thousand for the same period in 2020, indicating a rise of 24.2%[4] - The company incurred financing costs of HKD 656 thousand for the six months ended June 30, 2021, down from HKD 797 thousand for the same period in 2020[4] - The total financing costs for the six months ended June 30, 2021, were 656 thousand HKD, a decrease of 17.7% from 797 thousand HKD in the same period of 2020[48] Revenue Sources - Revenue from wire bonding increased to HKD 89,318,000 for the six months ended June 30, 2021, up from HKD 53,592,000 in the same period of 2020, representing a growth of 66.7%[42] - Revenue from packaging adhesive also saw significant growth, reaching HKD 28,427,000, compared to HKD 10,873,000 in the previous year, an increase of 161.5%[42] - Revenue from customers in mainland China reached HKD 120,899,000 for the six months ended June 30, 2021, compared to HKD 68,681,000 in the same period of 2020, reflecting a growth of 76.1%[45] Dividends and Investments - The company plans to declare an interim dividend of 0.00295 HKD per share for the year ending December 31, 2021, totaling approximately 2.1 million HKD[67] - The board announced an interim dividend of HKD 0.00295 per share for the year ending December 31, 2021, compared to no dividend in the first half of 2020[122] - The company has invested HKD 19.4 million in expanding production capacity and upgrading production facilities since July 30, 2021[173] - The company plans to invest HKD 41.9 million in new production machinery and equipment, with a portion already utilized[188] Research and Development - The company plans to continue focusing on developing advanced semiconductor materials suitable for the LED, AI, and 5G industries[97] - The company has engaged external consultants from Anhui University and National Cheng Kung University to assist in R&D projects[137][139] - Research and development resources include an allocation of HKD 10.2 million for acquiring new intellectual property[200] Market Conditions - The company has faced a decline in semiconductor packaging material demand due to the COVID-19 pandemic, impacting sales orders and production in 2020[148] - The ongoing US-China trade tensions have created uncertainty, negatively affecting the industry and export businesses[148] - The group expects global semiconductor equipment sales to increase by approximately 34% to reach USD 95.3 billion in 2021, with a forecast of reaching USD 100 billion in 2022[106] Operational Developments - The company continues to procure machinery to address production bottlenecks in response to customer order demands since 2020[133] - The company has relocated its headquarters to Hong Kong Science Park to enhance operational capabilities[146] - The company is actively seeking potential acquisition opportunities to enhance its growth prospects as the economy recovers from COVID-19[107] - The group has developed a new type of copper alloy bonding wire specifically for IC products, which has been recognized by customers and is expected to generate revenue in the coming years[107]
骏码半导体(08490) - 2021 - 中期财报