Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 12,593,839, a decrease of 7.7% compared to HKD 13,639,486 in 2024[5] - Profit attributable to owners of the company was HKD 263,523, down 20.2% from HKD 330,288 in the previous year[5] - Basic earnings per share decreased to HKD 42.11, a decline of 20.2% from HKD 52.78 in 2024[5] - Gross profit for the period was HKD 579,120, compared to HKD 804,243 in 2024, reflecting a decrease in gross margin[6] - Total comprehensive income for the period was HKD 368,916, down from HKD 442,720 in the previous year[8] - Sales of electronic components and semiconductors amounted to HKD 12,529,065 for the six months ended June 30, 2025, down from HKD 13,569,461 in 2024, reflecting a decrease of about 7.7%[20] - The company reported a total comprehensive income of HKD 368,916 for the six months ended June 30, 2025, compared to HKD 442,087 for the same period in 2024, indicating a decline of approximately 16.6%[14] - The company reported a profit of HKD 263,523,000 for the six months ended June 30, 2025, down from HKD 330,288,000 in 2024, a decrease of about 20.2%[30] - The company’s basic earnings per share for the six months ended June 30, 2025, were HKD 0.42, compared to HKD 0.53 in 2024, reflecting a decrease of approximately 20.8%[30] Dividends and Shareholder Returns - The company maintained an interim dividend of HKD 15.00 per share, unchanged from the previous year[5] - The company paid dividends totaling HKD 156,459 during the reporting period[14] - The company declared an interim dividend of HKD 0.15 per share for the fiscal year ending December 31, 2024, totaling HKD 156,459,360, approved on May 20, 2025[29] Assets and Liabilities - Current assets increased to HKD 9,317,950, compared to HKD 9,154,134 as of December 31, 2024[9] - Cash and cash equivalents significantly rose to HKD 4,507,011 from HKD 2,927,070 in the previous period[9] - Total liabilities decreased slightly to HKD 7,099,921 from HKD 7,154,103 as of December 31, 2024[10] - Net assets increased to HKD 3,296,331, up from HKD 3,083,874 at the end of 2024[10] - Total trade and other receivables amounted to HKD 1,013,573,000 as of June 30, 2025, compared to HKD 1,367,908,000 as of December 31, 2024, a decrease of approximately 26%[31] - Trade payables as of June 30, 2025, were HKD 3,451,520,000, down from HKD 3,837,230,000 as of December 31, 2024, indicating a reduction of about 10.1%[34] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2025, was HKD 1,355,057, compared to a net cash outflow of HKD 898,414 for the same period in 2024[16] - Cash and cash equivalents increased to HKD 4,507,011 as of June 30, 2025, up from HKD 1,041,839 at the end of the previous year[16] - The company’s investment activities generated a net cash inflow of HKD 129,995 for the six months ended June 30, 2025, compared to a net cash outflow of HKD 5,411 in 2024[16] - Operating cash inflow for the six months ended June 30, 2025, was HKD 1,355,057,000, compared to an outflow of HKD 898,414,000 in the same period last year[43] Business Strategy and Market Conditions - The company anticipates ongoing challenges in managing operating costs due to the complex global supply chain and demand visibility amid U.S.-China trade tensions and high interest rates[41] - The company plans to maintain a cautious approach focusing on cash flow management and capital expenditures to enhance competitiveness in the Greater China region[41] - The smartphone segment recorded significant revenue by providing competitive products to manufacturers and design companies in the Greater China region[38] - The company aims to expand its semiconductor supplier base and regional sales network to offer comprehensive design and supply chain services[37] Corporate Governance - The company has adopted the corporate governance code and has taken sufficient measures to ensure compliance[55] - The audit committee reviewed the accounting principles, internal controls, and risk management for the six months ending June 30, 2025[56] - All directors complied with the standard code of conduct for securities trading during the six months ending June 30, 2025[57] - The chairman and CEO positions are held by the same individual, which the board considers acceptable given the current business operations[55] - Changes in the board include the appointment of Ms. Yan Jiwen to the nomination committee and the departure of Mr. Huang Ruichuan from the same committee[58] - The company has not disclosed any legal claims or lawsuits against its directors, indicating effective management communication[55] Shareholder Information - Foxconn holds 124,000,000 shares, representing 19.81% of the company's issued share capital[52] - The company did not purchase, sell, or redeem any of its listed securities during the review period[54] - There were no known additional interests or short positions in the company's issued share capital as of June 30, 2025[53] - The company expressed gratitude to all employees for their contributions during challenging times[59]
S.A.S. DRAGON(01184) - 2025 - 中期财报