Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 13,639,486 thousand, representing a 46.9% increase from HKD 9,283,390 thousand in the same period of 2023[1] - Profit attributable to owners of the company for the same period was HKD 330,288 thousand, up 21.7% from HKD 271,351 thousand in 2023[1] - Basic earnings per share increased to HKD 52.78, a rise of 21.7% compared to HKD 43.36 in the previous year[1] - Gross profit for the six months was HKD 804,243 thousand, compared to HKD 700,456 thousand in the same period last year[2] - The company reported a pre-tax profit of HKD 524,701 thousand, an increase from HKD 459,431 thousand in the previous year[2] - Total comprehensive income for the period was HKD 442,720 thousand, compared to HKD 403,233 thousand in 2023[3] - For the six months ended June 30, 2024, total revenue reached HKD 13,639,486,000, a significant increase from HKD 9,283,390,000 in the same period of 2023, representing a growth of approximately 46.5%[7][13] - Sales of electronic components and semiconductors amounted to HKD 13,569,461,000, up from HKD 9,207,622,000 in 2023, indicating a growth of about 47.5%[7][10] - The major customer contributed HKD 6,684,525,000 in revenue for the six months ended June 30, 2024, compared to HKD 3,709,691,000 in 2023, reflecting an increase of approximately 80.5%[14] - The company reported a profit of HKD 330,288,000 for the six months ended June 30, 2024, compared to HKD 271,351,000 in the same period of 2023, representing a growth of approximately 21.7%[20] - Basic earnings per share for the six months ended June 30, 2024, were HKD 0.528, compared to HKD 0.433 in 2023, marking an increase of about 22%[20] Dividends and Shareholder Returns - The interim dividend per share was declared at HKD 15.00, reflecting a 50.0% increase from HKD 10.00 in 2023[1] - The company plans to distribute an interim dividend of HKD 0.15 per share, compared to HKD 0.10 per share in 2023[25] Assets and Liabilities - Current assets as of June 30, 2024, totaled HKD 6,242,348 thousand, down from HKD 6,580,292 thousand at the end of 2023[4] - Current liabilities decreased to HKD 4,421,366 thousand from HKD 4,872,046 thousand at the end of 2023[4] - Net assets attributable to owners of the company increased to HKD 2,811,385 thousand from HKD 2,637,399 thousand at the end of 2023[4] - The company’s trade receivables amounted to HKD 849,663,000 as of June 30, 2024, down from HKD 983,047,000 as of December 31, 2023[22] - The company’s total liabilities were not significantly impacted by the application of the revised Hong Kong Financial Reporting Standards during the interim period[6] Operational Metrics - The company incurred tax expenses of HKD 82,614,000 for the six months ended June 30, 2024, compared to HKD 75,525,000 in 2023, an increase of about 9.1%[15] - The depreciation of property, plant, and equipment was HKD 14,243,000 for the six months ended June 30, 2024, down from HKD 19,698,000 in 2023, a decrease of approximately 27.7%[17] - The company’s interest income from bank deposits decreased to HKD 8,142,000 in 2024 from HKD 25,234,000 in 2023, a decline of approximately 67.7%[17] - The group recorded a net cash outflow from operating activities of HKD 898,414,000 for the six months ended June 30, 2024, compared to a net cash inflow of HKD 2,371,858,000 in the same period last year[35] - The accounts receivable turnover period increased to approximately 39 days, compared to 32 days in 2023[35] - The inventory turnover period decreased to approximately 29 days, down from 52 days in 2023, while the average accounts payable turnover period improved to 22 days from 77 days[35] Employee and Governance - The group employed approximately 450 employees in the Greater China region as of June 30, 2024, ensuring competitive compensation and benefits[38] - The group has adopted the standard code for securities trading by directors, confirming compliance by all directors during the six months ended June 30, 2024[42] Strategic Outlook - The company expects challenges from ongoing trade tensions between the US and China, low demand visibility, currency fluctuations, and high interest rates[33] - The group announced the appointment of Ms. Yan Jiwen as a non-executive director of Shiteng Technology on July 2, 2024, with Shijie Investment holding a 46.3% stake in Shiteng Technology[44] - The group expressed gratitude to all employees for their contributions during challenging times and acknowledged the support from shareholders, customers, suppliers, and business partners[45]
S.A.S. DRAGON(01184) - 2024 - 中期业绩