Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 123,920,000, an increase of 4.3% compared to HKD 118,853,000 for the same period in 2023[2] - Gross profit for the same period was HKD 15,417,000, slightly down from HKD 15,898,000 in 2023, reflecting a decrease of 3.0%[2] - The net profit attributable to the company's owners for the six months ended June 30, 2024, was HKD 12,960,000, a decrease of 0.4% from HKD 13,014,000 in the previous year[2] - The profit before tax for the six months ended June 30, 2024, was HKD 89,244,000, compared to HKD 85,585,000 in 2023, reflecting a growth of 7.8%[12] - The total income tax expense for the six months ended June 30, 2024, was HKD 2,457,000, down from HKD 2,884,000 in 2023, indicating a decrease of 14.8%[13] - The company's earnings per share for the period was HKD 0.648, slightly down from HKD 0.651 in the previous year[2] - Basic earnings per share for the six months ended June 30, 2024, were HKD 0.00648, slightly down from HKD 0.00650 in 2023[16] Assets and Liabilities - The company's total assets as of June 30, 2024, amounted to HKD 187,981,000, up from HKD 172,428,000 as of December 31, 2023, indicating an increase of 9.0%[3] - Current assets net value increased to HKD 133,964,000 from HKD 118,625,000, representing a growth of 12.9%[3] - The company’s cash and bank balances rose to HKD 90,317,000, compared to HKD 82,158,000 at the end of 2023, marking an increase of 9.5%[3] - The company’s total liabilities as of June 30, 2024, were HKD 49,636,000, slightly down from HKD 49,708,000 as of December 31, 2023[20] - Trade receivables as of June 30, 2024, amounted to HKD 70,003,000, an increase of 11.1% from HKD 62,659,000 as of December 31, 2023[18] - The net amount of trade receivables after impairment provisions was HKD 69,740,000, compared to HKD 62,352,000 in the previous period, showing a growth of 11.8%[18] - The group maintained a debt ratio of zero as of June 30, 2024, due to a net cash balance at year-end[27] Dividends - The total dividend proposed for the year 2023 was HKD 10,000,000, with an interim dividend of HKD 0.005 per share for 2024[15] - The board declared an interim dividend of HKD 0.005 per share for the six months ended June 30, 2024, unchanged from the previous year[34] Market and Operations - The company remains focused on expanding its market presence and enhancing its product offerings in the electric tools and fan manufacturing sectors[4] - Revenue from electric fans and power tools for the six months ended June 30, 2024, was HKD 123,920,000, a 4.4% increase from HKD 118,853,000 in 2023[10] - The group had no significant contingent liabilities as of June 30, 2024, consistent with the previous year[29] - There were no major investments or acquisitions during the six months ended June 30, 2024[30] - The group is optimistic yet cautious about the slow global economic recovery and is facing challenges in an unstable environment[23] Compliance and Reporting - The company has adopted new or revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which are not expected to have a significant impact on the financial statements[6] - The company continues to evaluate the potential impact of new accounting standards that will become effective in 2026 and 2027 on its financial performance and position[9] - The audit committee, consisting of two independent non-executive directors and one non-executive director, reviewed the interim performance and financial information for the six months ending June 30, 2024, with no disagreements noted[40] - The interim report for the six months ending June 30, 2024, will be published on the company's website and the Hong Kong Stock Exchange's disclosure platform[41] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, ensuring compliance until June 30, 2024[39] Capital Expenditure - The group had a capital expenditure of HKD 0.4 million for the purchase of property, plant, and equipment during the six months ended June 30, 2024, down from HKD 1.0 million in the same period last year[28] - The current ratio as of June 30, 2024, was approximately 3.48 times, compared to about 3.20 times as of December 31, 2023[25]
蚬壳电业(02381) - 2024 - 中期业绩