Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 527,309,000, an increase of 2.99% compared to HKD 514,760,000 for the same period in 2023[3] - Gross profit for the same period was HKD 81,986,000, representing a significant increase of 45.4% from HKD 56,396,000 in the previous year[4] - The net profit for the period was HKD 87,484,000, down 26.9% from HKD 119,654,000 in the prior year[4] - Basic and diluted earnings per share were both HKD 0.096, a decrease from HKD 0.119 in the previous year[7] - The company reported a total comprehensive income of HKD 152,873,000 for the period, compared to a loss of HKD 53,340,000 in the previous year[6] - The profit for the six months ended September 30, 2024, was HKD 88,907,000, a decrease from HKD 113,363,000 in the same period of 2023, representing a decline of approximately 21.6%[35] - Profit attributable to the company's owners decreased to HKD 89 million, down from HKD 113 million in the same period last year, a decline of approximately HKD 24 million[51] Revenue Breakdown - Revenue from display and other services reached HKD 527,309 thousand for the six months ended September 30, 2024, compared to HKD 514,760 thousand in 2023, representing a growth of 2.9%[25] - Revenue from LCDs increased to HKD 88,155 thousand, up 18.0% from HKD 74,741 thousand in 2023[27] - Revenue from LCMs decreased to HKD 178,041 thousand, down 17.9% from HKD 216,976 thousand in 2023[27] - Revenue from China surged to HKD 153,241 thousand, a significant increase of 72.5% compared to HKD 88,891 thousand in 2023[29] - Revenue from sales of LCD modules decreased from HKD 217 million to HKD 178 million, and revenue from sales of capacitive touch panel modules decreased from HKD 130 million to HKD 127 million[52] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 2,618,333,000, an increase from HKD 2,523,956,000 as of March 31, 2024[10] - The company's non-current assets increased to HKD 1,342,086,000 from HKD 708,562,000 in the previous period[10] - Current liabilities rose to HKD 507,342,000 from HKD 382,984,000, indicating a 32.6% increase[10] - Trade receivables as of September 30, 2024, totaled HKD 219,108,000, up from HKD 162,648,000 as of March 31, 2024, representing an increase of approximately 34.7%[44] - Trade payables as of September 30, 2024, amounted to HKD 154,480,000, compared to HKD 119,234,000 as of March 31, 2024, reflecting an increase of approximately 29.5%[49] - The fair value of listed investments as of September 30, 2024, was HKD 5,353,291,000, down from HKD 5,639,809,000 as of March 31, 2024, indicating a decrease of about 5.1%[42] Other Income and Expenses - Total other income for the six months ended September 30, 2024, was HKD 56,396 thousand, compared to HKD 13,881 thousand in 2023, showing a substantial increase[31] - Interest income decreased to HKD 4,503 thousand from HKD 8,640 thousand, a decline of 47.9%[25] - The net foreign exchange loss was HKD (6,683) thousand, contrasting with a gain of HKD 5,294 thousand in the previous year[25] - Total depreciation expenses for the period amounted to HKD 39,777,000, compared to HKD 24,024,000 in the previous year, reflecting an increase of about 65.5%[35] - The group recorded a credit loss provision of HKD 2 million for debt investments, a decrease from HKD 20 million in the same period last year[53] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules for the six months ending September 30, 2024[66] - All directors confirmed compliance with the securities trading standards code for the six months ending September 30, 2024[67] - The audit committee reviewed the accounting principles and practices adopted by the group and discussed financial reporting matters for the six months ending September 30, 2024[70] Dividends and Share Repurchase - The company announced a final dividend of HKD 0.05 per share for the year ending March 31, 2024, totaling HKD 47,141,000, slightly down from HKD 48,006,000 in the previous year[38] - No interim dividend has been recommended for the six months ending September 30, 2024[65] - The company repurchased a total of 11,660,000 shares at a total cost of HKD 33,595,780 during the six months ending September 30, 2024[69] - The stock repurchase included 2,808,000 shares in April at a maximum price of HKD 3.50 and a minimum price of HKD 3.42[69] Future Outlook - The company anticipates continued operational stability and growth in the foreseeable future, supported by its financial resources[17] - The group remains confident in its long-term prospects, particularly with the recent comprehensive stimulus measures announced in China and the first interest rate cut by the US Federal Reserve in September 2024[60]
亿都(国际控股)(00259) - 2025 - 中期业绩