ASMPT(00522) - 2022 - 中期财报

Financial Performance - ASMPT Limited reported sales revenue of HKD 10.47 billion (USD 1.34 billion) for the first half of 2022, an increase of 10.1% year-on-year, but a decrease of 15.8% compared to the previous half[9]. - The group achieved a net profit of HKD 1.73 billion for the first half of 2022, representing a year-on-year increase of 37.6%, while it decreased by 9.4% compared to the previous half[9]. - Basic earnings per share for the first half of 2022 were HKD 4.21, up 38.0% year-on-year, but down 9.9% from the previous half[9]. - The total new orders amounted to HKD 11.69 billion (USD 1.50 billion) for the first half of 2022, a decrease of 22.8% year-on-year, but an increase of 6.6% compared to the previous half[6]. - The gross profit margin for the first half of 2022 was 41.2%, an increase of 104 basis points year-on-year[6]. - The group recorded strong sales revenue of $1.34 billion in the first half of 2022, representing a year-on-year growth of 10.1%[12]. - The group's sales revenue reached HKD 10.47 billion (USD 1.34 billion), marking a year-on-year growth of 10.1%, but a quarter-on-quarter decline of 15.8% due to a high base effect[23]. - The group's net profit for the first half of 2022 was HKD 1.73 billion ($0.22 billion), a year-on-year increase of 37.6%[20]. - The profit before tax for the six months was HKD 2,214,044 thousand, a significant increase of 36.9% compared to HKD 1,616,696 thousand in 2021[45]. - The total comprehensive income for the period was HKD 1,177,123 thousand, slightly up from HKD 1,122,878 thousand in 2021[46]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 1.30 per share, consistent with the previous year[10]. - The board announced an interim dividend of HKD 1.30 per share for the first half of 2022, maintaining the same level as the previous year[38]. - The total dividend declared for the year-end 2021 was HKD 1,073,034,000, an increase of 30.7% from HKD 821,592,000 in 2020[79]. - Dividend payments amounted to HKD 1,073,034, up from HKD 821,592 in the prior year, reflecting a year-over-year increase of approximately 31%[55]. Market Segments and Growth - The automotive segment generated approximately $270 million in sales, accounting for about 20% of total sales revenue, with a projected market size of $2.9 billion by 2026 and a CAGR of 9% from 2021 to 2026[13]. - Advanced packaging (AP) sales reached approximately $235 million, representing 18% of total sales revenue, with a potential market value of $2.7 billion by 2026 and a CAGR of 11%[13]. - The automotive market accounted for approximately 20% of total sales revenue, with a remarkable year-on-year growth of nearly 60%[23]. - The group is expanding into the memory market, achieving strategic breakthroughs with its mainstream wire bonding machines and AP tools to meet high-volume production needs[18]. Research and Development - Research and development expenses for the first half of 2022 were HKD 1.00 billion, compared to HKD 890 million in the same period last year[7]. - The group invested 9.6% of its equipment business sales revenue (HKD 1 billion) in R&D for the six months ending June 30, 2022, and holds over 1,600 leading-edge technology patents[35]. Cash Flow and Financial Position - The group's cash and bank deposits at the end of H1 2022 amounted to HKD 4.76 billion, an increase from HKD 4.10 billion at the end of H1 2021[24]. - The company reported a cash balance of HKD 4,583,497, a slight decrease from HKD 4,681,090, indicating a decline of about 2.1%[47]. - The company reported a net cash outflow from investing activities of HKD 387,240, significantly higher than HKD 90,616 in the previous year[55]. - The company’s total equity as of June 30, 2022, was HKD 13,550,861, compared to HKD 13,520,534 at the end of the previous year[53]. Acquisitions and Investments - The acquisition of Automation Engineering, Inc. was completed on February 1, 2022, for a purchase price of USD 28,107,000 (approximately HKD 219,178,000)[104]. - The net cash outflow from the acquisition amounted to HKD 178,808,000 after accounting for cash acquired[105]. - AEi contributed a loss of HKD 6,502,000 to the group's performance for the six months ending June 30, 2022, with sales revenue from AEi amounting to HKD 61,651,000 during the same period[111]. Compliance and Governance - The company has adopted the corporate governance code and confirmed compliance with all relevant provisions during the six months ended June 30, 2022[130]. - The audit committee consists of three independent non-executive directors and one non-executive director with extensive experience in audit, legal, and regulatory matters[131]. Future Outlook - The forecast for sales revenue in the third quarter of 2022 is expected to be between USD 560 million and USD 630 million[6]. - Future outlook indicates continued market expansion and potential new product developments[49].