超盈国际控股(02111) - 2025 - 中期业绩

Financial Summary This section provides a concise overview of the company's key financial performance for the six months ended June 30, 2025 Financial Summary for the Six Months Ended June 30 | Indicator | June 30, 2025 (HK$ Thousand) | June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Profit Attributable to Owners of the Company | 260,400 | 277,358 | -6.1 | | Revenue | 2,329,800 | 2,385,408 | -2.3 | | Gross Profit | 620,400 | 645,162 | -3.8 | | Net Profit | 270,700 | 283,200 | -4.4 | | Net Profit Margin | 11.6% | 11.9% | -0.3 pp | | Basic Earnings Per Share (HK Cents) | 25.05 | 26.67 | -6.1 | | Interim Dividend (HK Cents/share) | 12.5 | 13.33 | -6.2 | | Net Gearing Ratio (as of June 30, 2025 vs December 31, 2024) | 8.2% | 13.5% | -5.3 pp | | Net Debt (as of June 30, 2025 vs December 31, 2024) | 300,400 | 477,300 | -37.1 | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income This statement presents the company's consolidated profit or loss and comprehensive income for the six months ended June 30 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (for the Six Months Ended June 30) | Indicator | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Revenue | 2,329,836 | 2,385,408 | | Cost of Sales | (1,709,402) | (1,740,246) | | Gross Profit | 620,434 | 645,162 | | Other Income | 44,207 | 19,428 | | Other Gains and Losses | (1,134) | 20,998 | | Selling and Distribution Expenses | (105,266) | (101,464) | | Administrative Expenses | (157,482) | (164,799) | | Research and Development Expenses | (55,080) | (51,046) | | Share of Results of Joint Ventures | 1,645 | 1,768 | | Finance Costs | (41,793) | (43,712) | | Profit Before Tax | 309,761 | 324,220 | | Income Tax Expense | (39,103) | (41,051) | | Profit for the Period | 270,658 | 283,169 | | Profit Attributable to Owners of the Company | 260,438 | 277,358 | | Profit Attributable to Non-controlling Interests | 10,220 | 5,811 | | Basic Earnings Per Share (HK Cents) | 25.05 | 26.67 | | Total Comprehensive Income for the Period | 287,160 | 209,945 | Condensed Consolidated Statement of Financial Position This statement presents the company's consolidated financial position, including assets, liabilities, and equity as of June 30 Condensed Consolidated Statement of Financial Position (as of June 30) | Indicator | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Assets | | | | Non-current Assets | 3,163,696 | 3,150,713 | | Current Assets | 3,257,141 | 3,362,056 | | Liabilities | | | | Current Liabilities | 1,874,073 | 1,867,066 | | Non-current Liabilities | 890,758 | 1,111,424 | | Equity | | | | Net Assets | 3,656,006 | 3,534,279 | | Equity Attributable to Owners of the Company | 3,558,565 | 3,447,058 | | Non-controlling Interests | 97,441 | 87,221 | | Total Equity | 3,656,006 | 3,534,279 | Notes This section provides detailed explanatory notes to the condensed consolidated financial statements, covering accounting policies and specific financial items 1. General Information The company was incorporated in the Cayman Islands, listed on the HKEX, and uses Hong Kong Dollars as its functional currency - The Company was incorporated in the Cayman Islands as an exempted company with limited liability on June 14, 2013, and has been listed on the Main Board of the Stock Exchange of Hong Kong since May 23, 2014[9] - The functional currency of the Company and the presentation currency of the condensed consolidated financial statements is Hong Kong Dollars[10] 2. Basis of Preparation The condensed consolidated financial statements are prepared in accordance with HKAS 34 and applicable HKEX Listing Rules - The condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of Appendix D2 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[11] 3. Significant Accounting Policies The financial statements are prepared on a historical cost basis, with new HKFRS amendments having no material impact - The condensed consolidated financial statements are prepared on a historical cost basis[12] - The Group has applied the Hong Kong Financial Reporting Standards (Amendments) issued by the HKICPA for the first time in the current interim period, including HKAS 21 (Amendments) 'Lack of Exchangeability', which did not have a material impact on the Group's financial position and performance for the current and prior periods[13] 4. Revenue and Segment Information The Group's revenue primarily derives from manufacturing and trading elastic fabrics, lace, and elastic webbing, showing a slight decrease in total revenue - The Group's revenue is derived from the manufacturing and trading of elastic fabric materials, lace, and elastic webbing in Mainland China, Hong Kong, Vietnam, and Sri Lanka[14] Revenue Breakdown from Contracts with Customers (for the Six Months Ended June 30) | Product Category | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Elastic Fabric Materials - Sportswear and Apparel | 1,230,597 | 1,301,906 | | Elastic Fabric Materials - Intimate Wear | 576,547 | 587,541 | | Lace | 22,076 | 27,800 | | Elastic Webbing | 500,616 | 468,161 | | Total | 2,329,836 | 2,385,408 | Segment Revenue and Results (for the Six Months Ended June 30) | Segment | 2025 Revenue (HK$ Thousand) | 2025 Segment Gross Profit (HK$ Thousand) | 2024 Revenue (HK$ Thousand) | 2024 Segment Gross Profit (HK$ Thousand) | | :--- | :--- | :--- | :--- | :--- | | Manufacturing and Trading of Elastic Fabric Materials and Lace | 1,829,220 | 505,274 | 1,917,247 | 528,105 | | Manufacturing and Trading of Elastic Webbing | 500,616 | 115,160 | 468,161 | 117,057 | | Total | 2,329,836 | 620,434 | 2,385,408 | 645,162 | 5. Profit Before Tax Has Been Arrived At After Charging (Crediting) This section details the various expenses and income items impacting profit before tax, including depreciation, inventory costs, and exchange gains/losses Items Charged (Credited) to Profit Before Tax (for the Six Months Ended June 30) | Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Depreciation of Property, Plant and Equipment | 191,873 | 203,463 | | Depreciation of Right-of-use Assets |