Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 1,321,680, a decrease of 15% compared to HKD 1,557,052 in the same period last year[4] - Profit before tax decreased by 44% to HKD 92,177 from HKD 165,668 year-on-year[4] - Profit attributable to equity holders was HKD 75,104, down 39% from HKD 123,162 in the previous year[4] - Basic earnings per share decreased to HKD 11.9 cents, a decline of 39% from HKD 19.5 cents in the same period last year[4] - Total revenue for the six months ended September 30, 2022, was HKD 1,321,680,000, a decrease of 15.1% from HKD 1,557,052,000 in the same period last year[67] - Adjusted profit before tax for the six months ended September 30, 2022, was HKD 108,997,000, down 39.8% from HKD 180,974,000 in the previous year[67] - The company’s total comprehensive income for the period was not specified, indicating no significant earnings or losses reported[39] Assets and Liabilities - Total assets decreased by 11% to HKD 3,962,299 from HKD 4,459,165 year-on-year[4] - Shareholders' equity decreased by 5% to HKD 2,933,529 compared to HKD 3,082,758 in the previous year[4] - Net current assets decreased by 9% to HKD 1,869,375 from HKD 2,054,677 year-on-year[4] - Non-current assets decreased from HKD 1,280,106,000 to HKD 1,165,408,000, a decline of approximately 9%[23] - Current assets decreased from HKD 3,149,221,000 to HKD 2,796,891,000, a decline of about 11%[23] - Total liabilities decreased from HKD 1,106,731,000 to HKD 927,516,000, a reduction of approximately 16%[23] - Total equity decreased from HKD 3,228,462,000 to HKD 2,950,506,000, a decline of around 9%[24] - Cash and bank balances decreased from HKD 671,911,000 to HKD 574,928,000, a decrease of about 14%[23] Cash Flow and Dividends - The net cash inflow from operating activities for the six months ended September 30, 2022, was HKD 77,470,000, compared to a net outflow of HKD 214,265,000 for the same period in 2021[56] - The company reported a net cash outflow from financing activities of HKD 94,498,000 for the six months ended September 30, 2022, compared to HKD 118,263,000 in the previous year, indicating a reduction of approximately 20.1%[56] - The cash and cash equivalents at the end of the period were HKD 574,928,000, down from HKD 817,649,000 at the end of the previous year, reflecting a decrease of about 29.7%[56] - The company paid dividends amounting to HKD 73,142,000 during the reporting period, slightly higher than HKD 72,511,000 paid in the same period last year[56] - The company declared an interim dividend of HKD 0.045 per share, totaling HKD 28,374,000, compared to HKD 0.052 per share and HKD 32,788,000 in the previous year[79] Revenue Breakdown - Revenue from the China and Hong Kong segment was HKD 952,551,000, a decline of 16.9% compared to HKD 1,145,843,000 in the prior year[67] - Revenue from Taiwan decreased by 56.1% to HKD 38,142,000 from HKD 86,677,000 year-on-year[67] - Revenue from other overseas countries increased slightly by 2.3% to HKD 330,987,000 from HKD 324,532,000[67] - The revenue from the mainland China market decreased by 17% to HKD 953 million, compared to HKD 1,146 million in the previous year[120] - The international market revenue slightly increased by 2% to HKD 331 million, compared to HKD 324 million in the previous year, despite significant regional disparities[122] Operational Challenges - The company experienced disruptions in logistics and supply chains due to COVID-19 lockdowns in Shanghai, impacting component imports and product exports[113] - The manufacturing PMI in mainland China remained below the 50 mark for four months in the first half of the fiscal year, indicating contraction in manufacturing activity[119] - The GDP growth forecast for China was significantly lowered to 4.5%, marking one of the lowest growth rates in nearly 30 years[119] Shareholder Information - The company has issued 630,531,600 shares as of September 30, 2022, with a par value of HKD 0.10 per share[95] - The major shareholder, Chen Hsong Investments, holds 399,641,620 shares, representing approximately 63.38% of the company's issued ordinary shares[160] - David Michael Webb holds 15,147,200 shares (2.40%) and an additional 22,746,800 shares (3.61%) through Preferable Situation Assets Limited[160] Governance and Compliance - The company has complied with all corporate governance codes except for the requirement that each director should retire at least once every three years[165] - The audit committee reviewed the unaudited interim results for the six months ending September 30, 2022, discussing internal controls and financial reporting matters[171] - The company has adopted a code of conduct for directors' securities trading, confirming compliance with the standards set forth in the code[166]
震雄集团(00057) - 2023 - 中期财报