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信利国际(00732) - 2024 - 中期业绩
TRULY INT'LTRULY INT'L(HK:00732)2024-08-29 08:52

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 8,585,292 thousand, representing an increase of 18.3% compared to HKD 7,258,234 thousand for the same period in 2023[1] - Gross profit increased by 5.6% to HKD 697,377 thousand from HKD 660,320 thousand year-over-year[1] - Profit attributable to owners of the company for the period was HKD 174,151 thousand, up 3.9% from HKD 167,578 thousand in the previous year[1] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased by 7.8% to HKD 987,395 thousand from HKD 1,070,667 thousand year-over-year[1] - Basic earnings per share increased by 4.0% to HKD 5.51 from HKD 5.30 in the same period last year[3] - The company reported other income of HKD 80,632 thousand, up from HKD 75,965 thousand in the previous year[2] - The company’s total comprehensive income for the period was HKD 127,882 thousand, compared to HKD 130,692 thousand in the same period last year[2] - The company reported a pre-tax profit of HKD 154,679 for the six months ending June 30, 2024[9] - The total revenue from sales of goods, property, and equipment for the period was HKD 6,573,149,000, up from HKD 5,315,243,000 in the previous year, indicating a growth of approximately 23.6%[12] - The net profit attributable to the company's owners increased by approximately 3.9% to about HKD 174.2 million, driven by increased revenue and gross profit[27] Assets and Liabilities - Total liabilities as of June 30, 2024, amounted to HKD 14,681,975 thousand, compared to HKD 12,929,914 thousand as of December 31, 2023[4] - Current assets totaled HKD 9,479,760 thousand, an increase from HKD 8,796,863 thousand year-over-year[4] - The company’s total assets decreased from HKD 9,820,763 as of December 31, 2023, to HKD 9,513,058 as of June 30, 2024, reflecting a decline of approximately 3.12%[5] - Non-current liabilities increased from HKD 1,570,967 to HKD 1,577,952, indicating a rise of about 0.45%[5] - The net equity attributable to shareholders decreased from HKD 9,598,086 to HKD 9,340,560, a decline of approximately 2.69%[5] - The total liabilities of the company as of June 30, 2024, were HKD 1,577,952, which includes bank and other borrowings of HKD 1,414,013[5] - The company's accounts receivable as of June 30, 2024, amounted to HKD 3,322,630,000, slightly down from HKD 3,349,290,000 as of December 31, 2023[14] - The total amount of accounts receivable and other receivables was HKD 3,567,686,000, compared to HKD 3,577,105,000 in the previous period[15] - The net amount of bank borrowings and other debts decreased by approximately 6.8% or HKD 359 million, totaling approximately HKD 4.937 billion as of June 30, 2024[31] - The company's current liabilities net amount increased to approximately HKD 5.202 billion, up from HKD 4.133 billion as of December 31, 2023, with a current ratio decreasing from 0.68 to 0.65[31] Expenses and Costs - The company incurred employee costs of HKD 840,771,000, an increase from HKD 731,588,000 in the previous year, reflecting a rise of approximately 14.9%[12] - Administrative expenses increased by approximately 10.9% or HKD 239 million to about HKD 242.4 million, mainly due to increased insurance costs and other taxes in China[25] - Distribution and selling expenses decreased by approximately 14.4% or HKD 259 million to about HKD 154.2 million, primarily due to reduced freight and salary costs[26] - The company’s financial expenses for the six months ending June 30, 2024, were HKD 193,061, compared to HKD 191,756 for the same period in the previous year[10] Market and Business Outlook - The smartphone-related product business grew significantly by 44.3% year-on-year, while non-smartphone-related products recorded slight growth[20] - The domestic smartphone market shipment volume was 147 million units in the first half of 2024, representing a year-on-year growth of 13.2%[20] - The company maintains a cautiously optimistic outlook for the second half of 2024, focusing on technological demand and supply chain changes in the display and non-display sectors[28] - The company is committed to providing high-quality products and solutions while steadily expanding its business to achieve growth[28] Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[38] - The company has adhered to all applicable corporate governance code provisions, except for the separation of roles between the Chairman and CEO, which are held by the same individual[39] Dividends and Shareholder Returns - The company maintained an interim dividend of HKD 5 per share, consistent with the previous year[1] - The company plans to declare an interim dividend of HKD 0.05 per share, consistent with the previous year[34] Significant Events - The company completed the acquisition of an additional 12.55% stake in Xinli Renshou for RMB 1,097,460,000, increasing its effective interest from 17.14% to 29.69%[29] - The total investment for the establishment of the AMOLED joint venture company is RMB 27.9 billion, with the company contributing RMB 2 billion for a 13.3% stake[30] - No significant events affecting the group have occurred after June 30, 2024, up to the date of this announcement[41]