Financial Performance - Revenue for the six months ended December 31, 2024, increased by 1% to HKD 2,681 million compared to HKD 2,659 million in the previous year[3] - Gross profit improved by 9% to HKD 634 million, with a gross margin of 23.6%, up 1.7% due to favorable trends in wheat and edible oil prices[5] - Profit for the period surged by 46% to HKD 188 million, with basic earnings per share rising by 45% to HKD 0.80[3] - The group reported revenue of HKD 2,680,504,000 for the six months ended December 31, 2024, representing a slight increase of 0.8% compared to HKD 2,659,166,000 for the same period in 2023[19] - Gross profit for the same period was HKD 633,670,000, up 8.8% from HKD 582,299,000 in 2023[19] - Operating profit increased to HKD 233,974,000, compared to HKD 158,316,000 in the previous year, reflecting a growth of 47.7%[19] - Net profit for the period was HKD 188,185,000, a significant increase of 46.1% from HKD 128,873,000 in 2023[21] - Basic and diluted earnings per share rose to HKD 0.80, up from HKD 0.55 in the previous year, marking a 45.5% increase[19] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.15 per share, totaling approximately HKD 37 million, compared to HKD 0.13 per share in the previous year[6] - The interim dividend declared was HKD 0.15 per share, an increase from HKD 0.13 per share in 2023, totaling HKD 35,208,000 compared to HKD 30,527,000 in the previous year, marking a rise of 15.5%[44] Segment Performance - The food division's revenue decreased by 1% to HKD 2,212 million, while operating profit increased by 54% to HKD 194 million[7] - The home care division's revenue grew by 10% to HKD 469 million, with operating profit rising by 23% to HKD 54 million[10] - Revenue from external customers in the food segment was HKD 2,211,834,000, while the home care segment generated HKD 468,670,000, contributing to a total segment revenue of HKD 2,680,504,000 for 2024[34] - The operating profit for the reporting segments totaled HKD 248,785,000, an increase of 45.6% compared to HKD 170,809,000 in 2023[36] Cash and Assets - Cash balance as of December 31, 2024, was HKD 1,896 million, an increase of 11% from the previous fiscal year-end[5] - As of December 31, 2024, the group's cash balance was HKD 1,896,000,000, an increase from HKD 1,706,000,000 as of June 30, 2024, with approximately 61% in RMB, 27% in HKD, and 11% in USD[14] - Total assets less current liabilities increased to HKD 3,046,393,000 from HKD 2,928,402,000 as of June 30, 2024[23] - Total assets for the reportable segments were HKD 2,832,561,000 as of December 31, 2024, down from HKD 2,907,285,000 in June 2024[34] Liabilities and Financial Position - The group maintained a strong current ratio and financial position, ensuring sufficient resources for daily operations and capital expenditures[14] - The group’s total liabilities for the reportable segments were HKD 708,454,000 as of December 31, 2024, compared to HKD 641,776,000 in June 2024, indicating an increase of 10.3%[34] - The company’s total liabilities as of December 31, 2024, were HKD 673,309,000, compared to HKD 581,018,000 as of June 30, 2024, indicating an increase of 15.9%[55] Operational Efficiency - Inventory turnover period improved to 64 days from 67 days as of June 30, 2024, while trade receivables turnover period decreased to 22 days from 24 days[14] - The company aims to enhance cost efficiency and optimize supply chains while focusing on high-end strategies to maintain profit margins amid uncertain global economic conditions[12] - The company plans to continue product innovation and market expansion to ensure business resilience and sustained success[12] Corporate Governance - The board of directors includes independent non-executive directors Mr. Guo Linghai and Mr. Huang Jiachun, as well as executive director Mr. Qiu Zhaoxiang, who serves as the CEO[61] - The company is committed to enhancing corporate governance and transparency through its board composition[61]
南顺(香港)(00411) - 2025 - 中期业绩