2025-09-16 08:17Financial Performance - The company reported a revenue of HKD 21,608,270, an increase of 5.8% compared to HKD 20,415,160 in the same period last year[5]. - Gross profit for the period was HKD 4,229,385, down 7.8% from HKD 4,587,285 year-on-year[5]. - Net profit for the period reached HKD 2,856,080, representing a significant increase of 66.0% compared to HKD 1,721,463 in the previous year[7]. - Basic and diluted earnings per share were both HKD 2.329, compared to HKD 1.360 in the same period last year[5]. - Total comprehensive income for the period was HKD 4,185,100, up from HKD 997,132 year-on-year[7]. - The total revenue for the six months ended June 30, 2025, was HKD 21,608,270,000, a significant increase compared to HKD 20,415,160,000 for the same period in 2024, representing a growth of approximately 5.8%[20]. - The net profit attributable to shareholders rose by 71% to HKD 2,581.6 million, up from HKD 1,506.9 million year-on-year[62]. Assets and Liabilities - Non-current assets increased to HKD 60,051,895 from HKD 58,283,689 as of December 31, 2024[8]. - Current assets rose to HKD 43,621,630, compared to HKD 39,500,965 at the end of the previous year[8]. - The company’s total liabilities increased to HKD 36,266,833 from HKD 33,045,407 year-on-year[10]. - The net asset value stood at HKD 67,406,692, up from HKD 64,739,247 in the previous year[10]. - The company’s total assets as of June 30, 2025, were HKD 67,406,692,000, reflecting an increase from HKD 64,950,893,000 as of December 31, 2024[13]. - The group’s net current assets amounted to approximately HKD 21.98 billion, an increase from HKD 19.99 billion as of December 31, 2024[71]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2025, was HKD 605,969,000, compared to a net cash used of HKD (317,634,000) in the same period of 2024[15]. - The net cash used in investing activities for the six months ended June 30, 2025, was HKD (3,573,728,000), an increase from HKD (887,618,000) in 2024[15]. - The net cash generated from financing activities for the six months ended June 30, 2025, was HKD 2,187,185,000, up from HKD 1,163,702,000 in 2024[15]. - The total cash and cash equivalents decreased by HKD (780,574,000) for the six months ended June 30, 2025, compared to a decrease of HKD (41,550,000) in 2024[15]. - As of June 30, 2025, the cash and cash equivalents amounted to HKD 3,113,750,000, down from HKD 4,046,772,000 at the end of 2024[15]. Segment Performance - The segment performance for the copper-clad laminates was HKD 1,194,307,000, while the printed circuit boards segment reported HKD 827,496,000, indicating strong contributions from these divisions[20]. - The copper-clad laminate segment's revenue increased by 10% to HKD 9,760 million, driven by strong demand from the AI and automotive electronics sectors[63]. - The printed circuit board segment's sales rose by 11% to HKD 6,451.1 million, benefiting from robust orders and high production capacity utilization[64]. - The chemical segment's revenue increased by 2% to HKD 6,665.2 million, with a notable rise in sales volume and revenue from caustic soda[65]. - The real estate segment's revenue decreased by 22% to HKD 713.1 million, primarily due to a 76% drop in property sales revenue[65]. Tax and Regulatory Compliance - The total tax expense for the six months ended June 30, 2025, was HKD 365,190,000, an increase from HKD 321,064,000 in 2024, reflecting a rise of approximately 13.7%[26]. - The company’s effective tax rate in China was 25%, with certain subsidiaries benefiting from a reduced rate of 15% due to high-tech enterprise status[27]. - The company has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2025, with no significant impact on financial performance or disclosures[18]. - The company continues to assess the impact of Pillar Two tax legislation on its future financial performance[29]. - The company will continue to evaluate the implications of tax regulations in jurisdictions where it operates[29]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.69 per share for the six months ending June 30, 2025, compared to HKD 0.40 per share for the same period in 2024[31]. - The total equity attributable to the owners of the company as of June 30, 2025, was HKD 52,151,126,000, compared to HKD 51,178,942,000 as of December 31, 2024[13]. - The company has a total of 15,600,405 shares, with 89.4% (13,943,905 shares) held by Mr. Zhang Guorong[87]. - Mr. Zheng Yongyao holds 9,584,988 shares, representing 93.4% of his total 10,255,728 shares[87]. - The company has issued 4,000,000 preferential shares, representing 0.361% of the total issued share capital[88]. Employee Stock Options and Incentives - The company has a ten-year plan allowing the board to grant preferential share purchase rights to qualified participants, including employees and directors, with a maximum issuance of shares not exceeding 10% of the total shares issued as of the plan's approval date[42]. - The total number of shares that can be issued under the plan, including unexercised rights, is capped at 30% of the company's issued shares at any time[43]. - As of June 30, 2025, the total number of preferential share purchase rights granted to employees amounts to 25,300,000 shares, with exercise prices ranging from HKD 21.50 to HKD 30.89[44]. - The total number of stock options granted under the employee stock option plan as of June 30, 2025, is 72,800,000[54]. - The company continues to incentivize its employees and directors through stock options to align their interests with shareholders[94][95]. Corporate Governance - The audit committee reviewed the group's accounting policies and practices for the six months ending June 30, 2025[101]. - The company has adopted and complied with the corporate governance code as per the Hong Kong Stock Exchange rules during the reporting period[104]. - The board of directors confirmed compliance with the standard code of conduct for securities trading during the six months ending June 30, 2025[105]. - There were no other disclosures required under the relevant sections of the Securities and Futures Ordinance as of June 30, 2025[99].