Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 108,966,000, an increase of 7.3% compared to HKD 101,554,000 for the same period in 2023[3] - Gross profit for the same period was HKD 26,105,000, up from HKD 25,412,000, reflecting a gross margin improvement[3] - The net profit for the six months ended June 30, 2024, was HKD 2,162,000, compared to HKD 1,119,000 for the same period in 2023, representing a significant increase of 93.2%[3] - The company reported a basic earnings per share of HKD 0.31 for the six months ended June 30, 2024, compared to HKD 0.16 for the same period in 2023[4] - The company reported a total comprehensive loss of HKD 9,191,000 for the six months ended June 30, 2024, compared to a loss of HKD 10,310,000 in the same period of 2023[9] - For the six months ended June 30, 2024, the company reported a profit of HKD 2,162,000, compared to HKD 1,119,000 for the same period in 2023, representing an increase of 93.3%[31] Revenue Breakdown - The revenue from wire bonding was HKD 58,267,000, up from HKD 52,614,000, representing an increase of 10.1%[18] - The revenue from packaging adhesive was HKD 46,816,000, compared to HKD 45,555,000, reflecting a growth of 2.8%[18] - Revenue from customers in mainland China was HKD 102,823,000, up from HKD 101,061,000, showing a growth of 1.7%[20] - Revenue from Hong Kong customers increased significantly to HKD 5,761,000 from HKD 200, indicating a substantial rise[20] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was HKD 5,532,000, a significant improvement from a cash outflow of HKD 7,566,000 in the same period of 2023[11] - The net cash used in investing activities was HKD 29,203,000, compared to HKD 20,244,000 in the previous year, indicating increased investment[11] - The net cash generated from financing activities was HKD 22,318,000, slightly down from HKD 23,016,000 in the prior year[11] - As of June 30, 2024, cash and cash equivalents decreased to HKD 3,183,000 from HKD 29,164,000 at the end of the previous year[11] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 255,116,000, compared to HKD 245,736,000 as of December 31, 2023, indicating growth in asset base[8] - Non-current liabilities increased to HKD 37,517,000 as of June 30, 2024, from HKD 24,798,000 as of December 31, 2023, reflecting higher bank borrowings[8] - The total equity as of June 30, 2024, was HKD 217,599,000, slightly down from HKD 220,938,000 as of December 31, 2023[8] - The company's current ratio as of June 30, 2024, is approximately 1.5, down from 1.6 as of December 31, 2023[59] - The company's total bank borrowings and overdrafts amount to approximately HKD 119.6 million as of June 30, 2024, compared to HKD 94.3 million as of December 31, 2023[59] Shareholder Information - As of June 30, 2024, the company has a total issued share capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[77] - Dr. Zhou holds 357,000,000 shares, representing 50.60% of the company's issued share capital[71] - Professor Zhou also holds 357,000,000 shares and an additional 510,000 shares, totaling 50.60% and 0.07% respectively[71] - Mr. Li holds 16,050,000 shares, which accounts for 2.27% of the total issued share capital[71] - The company has a significant concentration of ownership, with the top shareholders holding over 50% of the total shares[76] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules, ensuring a clear distinction between the roles of the chairman and the daily management[81] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[85] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[82] - The company plans to continue improving its corporate governance practices to align with statutory requirements and recent developments[81] Future Plans and Market Outlook - The company plans to continue focusing on expanding its market presence and enhancing its product offerings in the semiconductor materials sector[2] - The company plans to focus on innovation in advanced semiconductor materials for applications in electric vehicles, micro-LEDs, artificial intelligence, and 5G communications[56] - In 2024, global semiconductor manufacturing equipment sales are expected to reach a record high of $109 billion, representing a year-on-year increase of 3.4%[55] - The demand for power semiconductor devices is experiencing rapid growth due to the widespread application of electric vehicles, with significant sales of copper alloy bonding wires for next-generation power semiconductor devices[56]
骏码半导体(08490) - 2024 - 中期业绩