Revenue Performance - Total revenue for the six months ended June 30, 2024, was $3,232,000, an increase from $3,085,000 in the same period of 2023, representing a growth of approximately 4.8%[6] - Revenue from the production and sale of footwear products was $1,033,000 for the six months ended June 30, 2024, compared to $784,000 in 2023, indicating a significant increase of about 31.8%[6] - Rental income from leased properties was $2,199,000 for the six months ended June 30, 2024, slightly down from $2,301,000 in the same period of 2023, reflecting a decrease of approximately 4.4%[6] - For the six months ended June 30, 2024, total revenue was $3,232,000, compared to $3,085,000 for the same period in 2023, representing an increase of 4.8%[8] - Revenue from footwear products was $1,033,000 for the six months ended June 30, 2024, up from $784,000 in the same period of 2023, indicating a growth of 31.8%[9] - Rental property revenue was $2,199,000 for the six months ended June 30, 2024, compared to $2,301,000 in the same period of 2023, showing a decrease of 4.4%[9] Profitability - The company's net profit attributable to owners for the period was $1,968,000, compared to $1,264,000 in the same period of 2023, marking an increase of approximately 55.5%[1] - Basic earnings per share for the period were $0.02, up from $0.01 in the same period of 2023, indicating a 100% increase[1] - Total comprehensive income for the period attributable to owners was $872,502, compared to $707,205 in the same period of 2023, representing an increase of approximately 23.3%[1] - The company reported a pre-tax profit of $152,000 for the six months ended June 30, 2024, compared to $189,000 for the same period in 2023, reflecting a decline of 19.6%[10] - Basic earnings per share for the six months ended June 30, 2024, were $165,000, down from $297,000 for the same period in 2023, indicating a decrease of 44.4%[17] Assets and Liabilities - Non-current assets totaled $86,701,000 as of June 30, 2024, slightly down from $86,952,000 as of December 31, 2023[2] - Current assets increased to $12,577,000 as of June 30, 2024, compared to $12,064,000 as of December 31, 2023, reflecting a growth of approximately 4.3%[2] - The company's total equity was $78,710,000 as of June 30, 2024, a slight decrease from $78,780,000 as of December 31, 2023[2] - The company reported a net asset value of $9,058,000 for current assets, up from $8,862,000 as of December 31, 2023, indicating an increase of approximately 2.2%[2] - The total trade and other receivables as of June 30, 2024, amounted to $2,741,000, compared to $1,718,000 as of December 31, 2023[20] - The total trade payables as of June 30, 2024, were $2,703,000, an increase from $2,137,000 as of December 31, 2023[22] Employee Costs - Total employee costs increased to $1,401,000 for the six months ended June 30, 2024, from $1,142,000 in the same period of 2023, marking a rise of 22.6%[12] Dividends - The company declared a final dividend of $942,000 for the year ending December 31, 2023, compared to zero for the same period in 2022[16] Financial Management - Interest expense on lease liabilities decreased to $18,000 for the six months ended June 30, 2024, from $21,000 in the same period of 2023, a reduction of 14.3%[10] - The group maintains a financial risk management policy to ensure all payables are settled within the credit period[22] - The group has made sufficient provisions in the financial statements for claims related to housing provident fund[24] Economic Outlook - The overall economic outlook for the second half of 2024 remains uncertain, with expectations of a generally weak consumer sentiment and challenging operations[26] - The group plans to adjust its operational strategies as needed to maintain financial stability in response to market challenges[26] - Rental income from idle factory leasing has provided good cash flow for the group, with a cautious approach to finding new tenants due to economic fluctuations in mainland China[26] Cash Flow and Capital - The group reported cash and cash equivalents of $9,496,000 as of June 30, 2024, slightly down from $9,858,000 on December 31, 2023[27] - The group has no bank borrowings as of June 30, 2024, and management believes it can maintain sufficient operating capital for future expansion[27] Footwear Exports - For the first half of 2024, the group's footwear exports remained stable, approximately the same as last year, despite a complex global environment and inflationary pressures[26]
创信国际(00676) - 2024 - 中期业绩