Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 1,526,653, representing a 6% increase from HKD 1,439,788 in the same period of 2023[3] - Profit attributable to equity holders for the same period was HKD 101,779, a significant increase of 39% compared to HKD 73,455 in 2023[3] - Basic and diluted earnings per share rose to HKD 5.0, up 39% from HKD 3.6 in the previous year[3] - The interim dividend per share increased by 67% to HKD 2.5, compared to HKD 1.5 in the prior year[3] - The total comprehensive income for the period was HKD 109,461, compared to HKD 12,406 in the previous year[14] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 2,620,428, an increase from HKD 2,402,721 as of March 31, 2024[9] - Total liabilities increased to HKD 1,601,064 from HKD 1,409,717, reflecting a rise in current liabilities[9] - Trade and bills receivables, net of provisions, increased from HKD 619,157,000 as of March 31, 2024, to HKD 646,324,000 as of September 30, 2024[27] - The total bank borrowings increased from HKD 529,692,000 as of March 31, 2024, to HKD 640,545,000 as of September 30, 2024, representing an increase of approximately 20.9%[32] - The net interest-bearing borrowings as of September 30, 2024, amounted to approximately HKD 455,746,000, with a net interest-bearing borrowings ratio of 45%[57] Profitability - The group reported a gross profit of HKD 201,163 for the six months ended September 30, 2024, compared to HKD 166,549 in the same period of 2023[11] - Operating profit for the period was HKD 135,151, up from HKD 102,986 in the previous year[11] - The operating profit for the hardware and plastic business was HKD 129,928,000, and for the electronic professional OEM business, it was HKD 10,535,000, resulting in a total operating profit of HKD 135,151,000 for the period[21] - The company’s operating profit before tax for the six months ending September 30, 2024, was HKD 117,139,000, compared to HKD 81,318,000 for the same period in 2023, reflecting a significant increase of approximately 43.9%[23] Revenue Segmentation - For the six months ending September 30, 2024, the total revenue from the hardware and plastic business was HKD 960,352,000, while the electronic professional OEM business generated HKD 574,141,000, leading to a combined total revenue of HKD 1,534,507,000[21] - The company reported a year-on-year increase in total revenue from HKD 1,452,104,000 for the six months ending September 30, 2023, to HKD 1,534,507,000 for the same period in 2024, reflecting a growth of approximately 5.7%[23] - The hardware and plastic business segment saw a revenue increase of approximately 14% to HKD 952,498,000, with over 85% of this revenue coming from server products[45] - The electronic manufacturing services segment experienced a slight decline of about 5% in revenue to HKD 574,141,000, indicating stable overall performance[47] Operational Efficiency - The group recorded a net finance cost of HKD 18,157, a decrease from HKD 20,150 in the same period of 2023[11] - The company’s financial income for the six months ending September 30, 2024, was HKD 1,280,000, compared to HKD 1,403,000 for the same period in 2023, indicating a decrease of approximately 8.7%[23] - The company’s total expenses for employee benefits, including director remuneration, amounted to HKD 204,358,000 for the six months ending September 30, 2024, compared to HKD 186,032,000 for the same period in 2023, showing an increase of approximately 9.8%[34] - The company has maintained a strong cash and cash equivalents position to prepare for future growth opportunities[55] Market Strategy and Expansion - The company is expanding its server product offerings to meet growing market demand, focusing on customized designs for both general servers and emerging AI server segments[48] - The company is actively expanding its overseas market presence and enhancing production capacity in Thailand to mitigate risks from geopolitical tensions and trade disputes[48] - The company plans to actively explore new markets such as data centers to drive diversified business development[53] - The company aims to expand its production capacity and service range in Thailand by investing in more production equipment to seize market opportunities[53] Corporate Governance and Social Responsibility - The company emphasizes internal governance and prudent capital expenditure management to ensure long-term financial health and resilience against risks[50] - The company is committed to corporate social responsibility, integrating environmental, social, and governance principles into its sustainable development strategy[50] - The company has adopted strict procedures to regulate directors' securities trading in compliance with the Listing Rules Appendix C3[73] - All directors confirmed compliance with the standards set forth in the Standard Code during the relevant period[73] Future Outlook - The company remains optimistic about the server business outlook for the second half of the year, anticipating continued growth in demand driven by the cloud big data era and advancements in AI technology[53] - The company plans to issue reward shares in August 2024 as part of its share incentive plan to recognize and motivate qualified personnel for their contributions to the group's growth[51] Workforce and Recruitment - The employee count increased from approximately 3,300 to 3,600 year-over-year, indicating successful recruitment efforts in a competitive talent market[61] - The company has not encountered significant difficulties in recruiting personnel due to its established reputation in the local market[61] Miscellaneous - The company's rental income for the six months ending September 30, 2024, was HKD 1,199,000, slightly down from HKD 1,216,000 for the same period in 2023[32] - The company has no significant contingent liabilities as of September 30, 2024[59] - The company's interim report for 2024 will be published on the Stock Exchange's website in due course[74]
嘉利国际(01050) - 2025 - 中期业绩