Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 785,212, compared to HKD 708,923 for the same period in 2023, representing an increase of approximately 10.8%[1] - The group's total revenue for the six months ended June 30, 2024, was HKD 785,212,000, compared to HKD 708,923,000 for the same period in 2023[12] - The cost of goods sold for the six months ended June 30, 2024, was HKD 685,156,000, compared to HKD 644,168,000 for the same period in 2023[15] - Other income, including interest income, was HKD 6,980,000 for the six months ended June 30, 2024, down from HKD 7,453,000 in 2023[13] Loss and Expenses - The pre-tax loss for the six months ended June 30, 2024, was HKD 27,757, an improvement from a loss of HKD 51,552 in the same period of 2023[2] - The net loss for the period was HKD 23,915, compared to a net loss of HKD 31,506 in the previous year, indicating a reduction in losses of approximately 24.5%[2] - Total comprehensive expenses for the period amounted to HKD 63,300, down from HKD 101,331 in the previous year, reflecting a decrease of approximately 37.6%[2] - The loss attributable to the company's owners for the same period was HKD 23,915,000, a decrease of 24.1% from HKD 31,506,000 in 2023[23] Assets and Liabilities - The group's total assets decreased to HKD 1,799,438 as of June 30, 2024, from HKD 1,899,680 as of December 31, 2023, a decline of about 5.3%[3] - Non-current assets, including investment properties, decreased to HKD 865,794 from HKD 956,539, a reduction of approximately 9.5%[3] - Inventory as of June 30, 2024, was HKD 480,295, down from HKD 530,511 at the end of 2023, representing a decrease of about 9.5%[3] - Trade payables as of June 30, 2024, were HKD 35,755,000, slightly down from HKD 35,820,000 as of December 31, 2023[21] Shareholder Information - The basic loss per share for the period was HKD 3.79, compared to HKD 4.99 in the same period last year, indicating an improvement in per-share loss[2] - The group declared an interim dividend of HKD 0.05 per share, totaling HKD 31,584,000, consistent with the previous year[16] - The board declared an interim dividend of HKD 0.05 per share for the six months ended June 30, 2024, unchanged from the previous year[28] Cash Flow - The company's cash and cash equivalents increased to HKD 470,541 from HKD 428,758, an increase of approximately 9.7%[3] - Cash and bank balances increased to HKD 470,541,000 as of June 30, 2024, compared to HKD 428,758,000 as of December 31, 2023[24] Market and Strategic Focus - The group plans to explore emerging trade markets such as ASEAN countries to mitigate market risks and enhance trade partnerships[26] - The company will focus on research and development to improve overall processing capabilities and product quality, while also implementing automated production lines to enhance efficiency[26] - The geopolitical tensions and trade protectionism are expected to pose challenges to global economic recovery, impacting the group's export business[26] Accounting and Reporting - The company has maintained its accounting policies consistent with those applied in the previous financial year, ensuring stability in financial reporting[6] - Revenue from the manufacturing and sales of molds and related products is recognized upon delivery to customers, with a credit period ranging from 30 to 90 days[10] - The group’s tax rate for eligible entities in Hong Kong is 8.25% on the first HKD 2 million of profits, and 16.5% on profits exceeding that threshold[15] Trade Receivables - As of June 30, 2024, trade receivables amounted to HKD 104,364,000, an increase from HKD 85,387,000 as of December 31, 2023[18]
龙记集团(00255) - 2024 - 中期业绩