鹰美(02368) - 2025 - 中期财报

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 2,982.9 million, an increase from HKD 2,521.9 million in the same period of 2023, representing a growth of 18.3%[27] - Gross profit for the same period was HKD 508.9 million, slightly down from HKD 517.9 million year-over-year, indicating a decrease of 1.8%[27] - The company recorded a profit before tax of HKD 277.3 million, down from HKD 326.6 million in the previous year, reflecting a decline of 15.1%[27] - Net profit for the period was HKD 193.6 million, compared to HKD 236.2 million in the prior year, a decrease of 18.0%[27] - Basic earnings per share for the period was HKD 33.15, down from HKD 42.94 in the same period last year, a decline of 22.7%[27] - Total comprehensive income for the period was HKD 238.9 million, significantly higher than HKD 149.3 million in the previous year, an increase of 60.0%[32] Assets and Liabilities - Non-current assets increased to HKD 1,889.8 million from HKD 1,518.2 million, a growth of 24.4%[35] - Current assets rose to HKD 2,438.8 million, up from HKD 1,652.3 million, representing an increase of 47.5%[35] - The company's total liabilities increased to HKD 2,025.9 million from HKD 1,211.2 million, a rise of 67.1%[39] - The net asset value of the company reached HKD 2,009.1 million, compared to HKD 1,634.4 million, reflecting an increase of 22.9%[39] Revenue Breakdown - For the six months ended September 30, 2024, total revenue from customer contracts for sports apparel and garments was HKD 2,982,900,000, an increase from HKD 2,521,917,000 in the same period of 2023, representing a growth of approximately 18.3%[58] - Revenue from Mainland China reached HKD 1,690,750,000, up from HKD 1,474,210,000, indicating a growth of about 14.7%[56] Cash Flow and Expenses - Cash and cash equivalents at the end of the period were HKD 486,446,000, down from HKD 646,820,000 at the end of the same period in 2023, a decrease of about 24.7%[46] - The net cash flow from operating activities for the six months ended September 30, 2024, was negative HKD 214,507,000, compared to positive HKD 174,181,000 in the same period of 2023[46] - The total tax expense for the period was HKD 83,653,000, a decrease of 7.5% from HKD 90,374,000 in the previous year[67] - The interim dividend declared was HKD 0.22 per share, down from HKD 0.30 per share in 2023, resulting in a total dividend payout of HKD 126,320,000 compared to HKD 160,140,000 in the prior year, a decrease of 21.1%[68] Operational Developments - The company plans to continue expanding its market presence in the United States and Europe, focusing on increasing sales in these regions[55] - The company is committed to ongoing research and development of new products and technologies to enhance its competitive edge in the sports apparel market[55] - The company has initiated a diversification strategy for production bases since 2021, with the acquisition of new production facilities in Vietnam completed in July 2024[139] - The expansion of production bases in Indonesia, China, and Vietnam aims to enhance production efficiency and capacity[139] - The company is investing in modernizing its production facilities, with a new factory construction project in Indonesia underway on approximately 93,000 square meters of land[139] Acquisitions and Investments - The company completed the acquisition of Wisdom Innovation Holdings Limited for a total consideration of HKD 224,532,000, which includes cash and shares, aimed at expanding manufacturing capacity in Vietnam[113] - The identifiable net assets acquired in the acquisition were valued at HKD 171,554,000, with goodwill recognized at HKD 52,978,000[114] - Cash outflow for the acquisition, after accounting for cash received from the acquired entity, was HKD 18,977,000[120] Employee and Governance - The group employed approximately 18,600 employees as of September 30, 2024, an increase from about 15,500 employees as of March 31, 2024[163] - The company has complied with the corporate governance code as per the listing rules, except for the separation of roles between the Chairman and CEO, which has been rectified as of September 2, 2024[181] - The company’s audit committee consists of three independent non-executive directors, ensuring proper oversight of financial matters[185] Shareholder Information - The interim dividend declared is HKD 0.22 per share for the six months ending September 30, 2024, down from HKD 0.30 in 2023[194] - The company will suspend shareholder registration from November 25, 2024, to November 28, 2024, to facilitate the dividend distribution[195] - The major shareholders holding 5% or more of the issued share capital include Time Easy with 72,650,000 shares (12.65%) and Excel Skill with 32,320,000 shares (5.63%) as of September 30, 2024[171]