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[2] - Gross profit for the same period was HKD 26,105,000, up from HKD 25,412,000, reflecting a slight increase in gross margin[2] - The net profit for the period was HKD 2,162,000, compared to HKD 1,119,000 in the previous year, representing a significant increase of 93.2%[2] - The basic earnings per share improved to HKD 0.31 from HKD 0.16, demonstrating enhanced profitability on a per-share basis[3] - 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[8] - The company recorded a profit attributable to owners of approximately HKD 2.2 million, compared to HKD 1.1 million in the same period last year[53] Revenue Breakdown - The revenue from wire bonding was HKD 58,267,000, up from HKD 52,614,000, reflecting an increase of 10.1% year-over-year[17] - The revenue from packaging adhesive reached HKD 46,816,000, a slight increase from HKD 45,555,000, indicating a growth of 2.8%[17] - Revenue from customers in mainland China (excluding Hong Kong) was HKD 102,823,000, up from HKD 101,061,000, showing a growth of 1.7%[19] - Revenue from Hong Kong customers significantly increased to HKD 5,761,000 from HKD 200, indicating a substantial growth[19] Costs and Expenses - The company reported a total of HKD 82,861,000 in cost of sales for the period, compared to HKD 76,142,000 in the previous year, reflecting an increase of 8.5%[27] - The total employee costs for the period were HKD 13,574,000, slightly down from HKD 13,828,000 in the previous year, a decrease of 1.8%[24] - Sales and distribution expenses were approximately HKD 5.6 million, while administrative expenses decreased to approximately HKD 15.6 million due to reduced depreciation and cost-saving measures[51] Financing and Cash Flow - The company reported a financing cost of HKD 3,026,000, which is a substantial increase from HKD 1,429,000 in the prior year[2] - The total interest expenses for the period amounted to HKD 3,587,000, significantly up from HKD 1,429,000 in the previous year, indicating a year-over-year increase of 151.5%[21] - Operating cash flow for the six months ended June 30, 2024, was HKD 5,532,000, compared to a cash outflow of HKD 7,566,000 in the same period of 2023[10] - The company experienced a net cash outflow from investing activities of HKD 29,203,000, which is higher than the HKD 20,244,000 outflow in the previous year[10] - Financing activities generated a net cash inflow of HKD 22,318,000, slightly down from HKD 23,016,000 in the prior year[10] - The total cash and cash equivalents decreased to HKD 3,183,000 as of June 30, 2024, from HKD 29,164,000 a year earlier[10] Assets and Liabilities - Non-current assets totaled HKD 190,513,000 as of June 30, 2024, compared to HKD 175,166,000 at the end of 2023, indicating growth in asset base[6] - Trade receivables increased to HKD 115,670,000 from HKD 113,420,000, showing a slight growth in receivables[6] - The company’s total liabilities increased to HKD 118,875,000 from HKD 112,396,000, reflecting a rise in financial obligations[6] - The net asset value decreased slightly to HKD 217,599,000 from HKD 220,938,000, indicating a minor reduction in equity[7] - Trade receivables as of June 30, 2024, were HKD 80,920,000, an increase from HKD 74,564,000 as of December 31, 2023, showing a growth of 8.5%[32] Shareholding and Corporate Governance - 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[76] - Dr. Zhou holds 357,000,000 shares, representing 50.60% of the company's issued share capital[70] - The company has a significant concentration of ownership, with the top shareholders holding over 50% of the total shares[75] - 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 CEO[80] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results and found them compliant with applicable accounting standards[84] Future Outlook and Strategy - The group plans to focus on innovation in advanced semiconductor materials for applications in electric vehicles, micro-LED, artificial intelligence, and 5G communications[55] - The group will continue to seek new business collaborations and invest more resources in upstream packaging materials for the semiconductor industry[55] - In 2024, global semiconductor manufacturing equipment sales are expected to reach a record $109 billion, representing a year-on-year increase of 3.4%[54] - The demand for power semiconductor devices is experiencing rapid growth, driven by the widespread application of electric vehicles[55]
骏码半导体(08490) - 2024 - 中期财报