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蚬壳电业(02381) - 2024 - 中期财报
SMC ELECTRICSMC ELECTRIC(HK:02381)2024-09-19 08:31

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 123,920,000, representing an increase of 4.4% compared to HKD 118,853,000 for the same period in 2023[4] - Gross profit for the same period was HKD 34,676,000, up from HKD 33,268,000, indicating a growth of 4.2%[4] - Profit attributable to owners of the company for the six months was HKD 12,960,000, slightly down from HKD 13,014,000, reflecting a decrease of 0.4%[4] - Total comprehensive income attributable to owners for the period was HKD 12,853,000, compared to HKD 12,491,000 in the previous year, showing an increase of 2.9%[5] - Basic and diluted earnings per share for the period were HKD 0.648, a slight decrease from HKD 0.651 in the previous year[5] - The company’s operating profit before tax for the six months ended June 30, 2024, was HKD 15,417,000, a slight decrease from HKD 15,898,000 in the previous period[9] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 187,981,000, an increase from HKD 172,428,000 as of December 31, 2023, representing a growth of 9.0%[6] - Current assets increased to HKD 90,317,000 from HKD 82,158,000, marking a rise of 9.5%[6] - The company reported a net asset value of HKD 142,114,000 as of June 30, 2024, compared to HKD 129,261,000 at the end of the previous year, indicating an increase of 9.9%[6] - The company’s total liabilities remained stable, with current liabilities at HKD 54,017,000, slightly up from HKD 53,803,000[6] - Trade payables increased to HKD 28,913,000 from HKD 22,474,000, representing a rise of 28.9%[28] - The total liabilities for trade and other payables were HKD 49,636,000, slightly down from HKD 49,708,000[28] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 8,893,000, compared to a net cash used of HKD 368,000 in the same period last year[9] - The company reported a total cash and cash equivalents of HKD 90,317,000 as of June 30, 2024, an increase of HKD 8,163,000 from the previous period[9] - The company’s financing activities resulted in a net cash outflow of HKD 1,858,000 for the six months ended June 30, 2024, compared to HKD 2,771,000 in the previous period[9] Segment Information - For the six months ended June 30, 2024, the total revenue from reportable segments was HKD 123,920,000, an increase from HKD 118,853,000 for the same period in 2023, representing a growth of approximately 4.4%[16] - The SMC segment generated revenue of HKD 20,620,000, while the non-SMC segment generated HKD 103,300,000, indicating that the non-SMC segment accounted for approximately 83.3% of total segment revenue[16] - The total segment profit for the six months ended June 30, 2024, was HKD 34,676,000, compared to HKD 33,268,000 for the same period in 2023, reflecting an increase of about 4.2%[16] Expenses - The cost of goods sold for the six months ended June 30, 2024, was HKD 89,244,000, compared to HKD 85,585,000 for the same period in 2023, indicating an increase of approximately 4.3%[18] - Employee benefits expenses increased to HKD 18,325,000 for the six months ended June 30, 2024, from HKD 15,597,000 in the same period of 2023, representing a rise of about 17.5%[18] - The income tax expense for the six months ended June 30, 2024, was HKD 2,457,000, a decrease from HKD 2,884,000 in the same period of 2023[20] Dividends and Share Capital - The company declared an interim dividend of HKD 0.005 per share, totaling approximately HKD 10,000,000, consistent with the previous year's interim dividend[22] - The company’s issued and paid-up share capital remained at HKD 20,000,000 as of June 30, 2024, unchanged from the previous period[31] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the reporting period[63] - The audit committee reviewed the interim results for the six months ending June 30, 2024, with no disagreements noted regarding accounting principles and practices[65] Shareholder Information - As of June 30, 2024, Mr. Wong holds 1,500,000,000 shares in the company, representing a 75.00% ownership stake[56] - Major shareholders include Shell Holdings and Red Dynasty, both holding 1,500,000,000 shares, equating to 75.00% ownership each[59] - Hong Kong Construction (Hong Kong) Engineering Co., Ltd. holds 180,090,000 shares, representing 9.00% of the company[59] Innovation and Future Plans - The company has not reported any significant new product launches or technological advancements during this period[10] - The group has several new products in the design and trial production stages, indicating ongoing innovation efforts[41] - The group plans to utilize approximately HKD 34.0 million of unallocated funds for improving efficiency, expanding manufacturing capacity, and investing in new products[52]