Financial Performance - Revenue increased by 11% to HKD 4,339 million for the six months ended June 30, 2025[9] - Profit attributable to owners rose by 174% to HKD 91 million, with earnings per share at HKD 32.89[9][22] - The distribution business remained a key growth driver, with revenue up 11% and segment profit up 20%[15] - Total comprehensive income for the period amounted to HKD 244,341,000, a significant recovery from a loss of HKD 35,096,000 in the previous year[23] - The company reported a profit of HKD 124,167,000 for the six months ended June 30, 2025, compared to HKD 71,022,000 for the same period in 2024, representing a year-over-year increase of 75%[23] - For the six months ended June 30, 2025, the net profit attributable to the company's owners was HKD 91,410,000, compared to HKD 33,371,000 for the same period in 2024, representing a significant increase of 174%[28] - The total comprehensive income for the period was HKD 183,072,000, compared to a loss of HKD 48,544,000 in the previous year, indicating a turnaround in performance[28] Revenue Breakdown - Total revenue for the six months ended June 30, 2025, was HKD 4,339,175,000, an increase from HKD 3,906,365,000 for the same period in 2024, representing a growth of approximately 11%[35] - Revenue from customer contracts for the six months ended June 30, 2025, was HKD 4,268,003,000, compared to HKD 3,837,947,000 in 2024, reflecting an increase of about 11%[36] - The revenue breakdown shows that sales from IT products amounted to HKD 3,026,652,000 for the first half of 2025, up from HKD 2,858,127,000 in 2024, indicating a growth of approximately 6%[35] - The hotel operations generated rental income of HKD 81,739,000 in the first half of 2025, compared to HKD 60,614,000 in 2024, marking an increase of around 35%[35] Asset and Liability Management - Non-current assets increased to HKD 4,906,844,000 as of June 30, 2025, up from HKD 4,647,047,000 at the end of 2024, reflecting a growth of approximately 5.6%[25] - Current assets rose to HKD 4,203,442,000, compared to HKD 3,883,068,000 in December 2024, indicating an increase of about 8.2%[25] - Total liabilities increased to HKD 3,918,896,000 from HKD 3,079,044,000, reflecting a growth of approximately 27.3%[26] - The net asset value of the company stood at HKD 4,312,942,000 as of June 30, 2025, compared to HKD 4,176,197,000 at the end of 2024, showing an increase of about 3.3%[26] - The equity attributable to owners of the company increased to HKD 3,675,967,000 from HKD 3,498,454,000, representing a growth of about 5.1%[26] Cash Flow and Investments - Cash generated from operating activities for the six months ended June 30, 2025, was HKD 216,006,000, down from HKD 250,710,000 in 2024, reflecting a decrease of 14%[30] - The company reported a net cash inflow from investing activities of HKD 4,079,000, a decrease from HKD 46,628,000 in the previous year, indicating reduced investment activity[30] - The company incurred a loss of HKD 219,824,000 in foreign exchange reserves, which impacted overall equity[28] - The company’s financing activities resulted in a net cash outflow of HKD 156,340,000, compared to HKD 180,479,000 in the previous year, indicating improved cash management[30] Shareholder and Governance - Major shareholders include Lim Lik Xian and Lim Lik Shi, holding a combined total of 185,573,108 shares, representing 66.76% of the issued share capital[98] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules throughout the period ending June 30, 2025[100] - The audit committee, composed entirely of independent non-executive directors, reviewed the interim report for the six months ending June 30, 2025[102] Employee and Compensation - The total employee compensation and benefits paid and payable for the six months ended June 30, 2025, was HKD 166,138,000, compared to HKD 146,615,000 for the same period in 2024[81] - The number of employees as of June 30, 2025, was 1,176, a decrease from 1,193 as of June 30, 2024[81] - The group’s remuneration policy links performance to compensation and is reviewed annually without significant changes compared to the previous year[81] Future Outlook - The company remains cautiously optimistic about future growth despite ongoing macroeconomic and geopolitical challenges[18] - The company plans to continue focusing on innovation and sustainable development to create long-term value for stakeholders[18]
SIS INT'L(00529) - 2025 - 中期财报