Financial Performance - The group's revenue increased from approximately HKD 619 million in the previous fiscal year to HKD 735 million, representing a growth of 19%[3] - Profit attributable to the company's owners rose from HKD 122 million to HKD 298 million, a significant increase of 145%[3] - The sales of liquid crystal display modules (LCM) grew by 31% year-on-year to HKD 516 million, driven by strong demand in communication, industrial control, and smart home products[7] - The gross profit increased from HKD 99 million to HKD 122 million, with the gross margin improving from 16% to approximately 17%[7] - Revenue for the six months ended September 30, 2022, was HKD 734,965,000, an increase of 18.8% compared to HKD 618,606,000 for the same period in 2021[38] - Gross profit for the same period was HKD 121,538,000, representing a gross margin of 16.5%[38] - Net profit attributable to the owners of the company was HKD 297,869,000, up 144.5% from HKD 121,718,000 in the previous year[40] - Total comprehensive income for the period was HKD 55,027,000, down 68.1% from HKD 172,055,000 in the previous year[37] Revenue and Market Growth - Nantong Jianghai's revenue rose by 23% year-on-year to RMB 2.25 billion, solidifying its position as a leading capacitor and energy storage supplier in China[3] - Suzhou Qingyue's revenue surged by 94% year-on-year to RMB 570 million, establishing its presence in the PMOLED market and expanding into electronic paper module business[5] - The group's share of profits from Nantong Jianghai increased from HKD 92 million to HKD 128 million, representing a 39.1% year-on-year growth[10] - Suzhou Qingyue's profit contribution to the group was approximately HKD 13 million, an 86% increase compared to HKD 7 million in the same period last year[13] - The company plans to enhance profitability by expanding and upgrading its module production facilities and increasing its influence in the rapidly growing capacitive touch panel market[3] Expenses and Financial Management - Administrative expenses increased by 32% to HKD 21 million, attributed to rising legal, professional fees, and employee-related costs[9] - Sales and distribution expenses rose by 23% to HKD 47 million, primarily due to increased promotional and employee-related costs[9] - The effective tax rate related to the group's business decreased to 16% from 19% in the previous year[14] - Total liabilities decreased slightly to HKD 400,339,000 from HKD 396,927,000, indicating stable financial management[43] Shareholder Information and Dividends - The board has decided to declare a special dividend of HKD 0.20 per share for the year ending March 31, 2023, to be paid on December 28, 2022[20] - The company sold 10,463,000 shares of Nantong Jianghai for RMB 210 million, realizing a post-tax gain of approximately HKD 148 million[5] - The company has issued 2,460,000 shares under its share incentive plan, with 578,000 shares already vested as of September 30, 2022[26] - The total dividend declared for the period was HKD 49,334,000, significantly higher than HKD 19,862,000 in the previous year, representing an increase of about 148.5%[73] Assets and Liabilities - Total assets as of September 30, 2022, were approximately HKD 2,947 million, with liabilities of HKD 483 million and total equity of HKD 2,464 million[16] - Non-current assets decreased to HKD 1,984,506,000 from HKD 2,235,730,000, primarily due to a reduction in property, plant, and equipment[42] - Current assets increased to HKD 962,031,000 from HKD 742,482,000, driven by higher cash and bank balances[43] - The group’s trade payables as of September 30, 2022, amounted to HKD 175,350,000, a decrease from HKD 196,551,000 as of March 31, 2022[81] Future Outlook and Strategic Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45] - The company aims to improve operational efficiency through strategic investments in technology and innovation[50] - Future guidance indicates a positive outlook with expected revenue growth driven by new market initiatives and product launches[50] - The company is actively exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[50] Compliance and Governance - The company has not reported any non-compliance with the corporate governance code as of September 30, 2022[30] - The audit committee consists of three independent non-executive directors and has reviewed the accounting principles and financial reporting matters[33] - The company has complied with the standards set forth in the Securities and Futures Ordinance regarding securities trading by directors[31]
亿都(国际控股)(00259) - 2023 - 中期财报