Financial Performance - Revenue from customer contracts for the six months ended June 30, 2023, was HKD 1,612,439,000, a decrease of 10.7% compared to HKD 1,806,257,000 for the same period in 2022[6] - The profit before tax for the six months ended June 30, 2023, was HKD 60,863,000, down 31.6% from HKD 88,893,000 in the previous year[6] - The company reported a net loss of HKD 5,864,000 for the six months ended June 30, 2023, compared to a profit in the same period last year[13] - The company's profit attributable to shareholders for the six months ended June 30, 2023, was HKD 57.9 million, with basic earnings per share of HKD 0.19[131] - Basic earnings per share for the period were HKD 0.19, a decrease of 24% from HKD 0.25 in the prior year[171] - The company reported a profit of HKD 58.6 million for the first half of 2023, down from HKD 76.5 million in the same period of 2022[167] Revenue Breakdown - The company’s total revenue from garment manufacturing and trading was HKD 1,555,728,000, down from HKD 1,762,803,000 in the previous year[6] - Revenue from China for the first half of 2023 was HKD 898.8 million, accounting for 55.7% of total revenue, a decrease of 1.2% compared to HKD 999.0 million (50.4% of total revenue) in the same period of 2022[144] - Revenue from the United States and Europe decreased to HKD 437.9 million, representing 27.2% of total revenue, down from HKD 592.0 million (32.8% of total revenue) in the first half of 2022[144] - Revenue from garment manufacturing and trading for the first half of 2023 was HKD 1.556 billion, a decrease of 11.8% from HKD 1.763 billion in the previous year[173] Dividends - The interim dividend declared for the six months ended June 30, 2023, is HKD 0.035 per share, an increase from HKD 0.03 per share for the same period in 2022[17] - The total amount for the interim dividend is approximately HKD 10,697,000, up from HKD 9,168,000 for the same period in 2022, indicating an increase of about 16.7%[121] Expenses and Costs - Total loan costs for the six months ended June 30, 2023, amounted to HKD 33,644,000, significantly higher than HKD 13,410,000 in the previous year[9] - The company’s bank loans and overdrafts increased to HKD 32,065,000 for the six months ended June 30, 2023, compared to HKD 12,108,000 in the previous year[9] - Administrative expenses as a percentage of total revenue remained stable at 9.2% for both the first half of 2023 and 2022[147] Assets and Liabilities - The total liabilities as of June 30, 2023, were HKD 1,203.97 million, compared to HKD 1,588.54 million in the previous period[1] - The total assets less current liabilities amounted to HKD 4,209.42 million, down from HKD 4,726.54 million[1] - The bank loans increased significantly to HKD 946.92 million from HKD 551.37 million[1] - The net asset value as of June 30, 2023, was HKD 3,005.45 million, compared to HKD 3,137.99 million previously[1] Investment and Fair Value - The fair value of investment properties decreased by HKD 11,574,000 for the six months ended June 30, 2023, compared to an increase of HKD 25,090,000 for the same period in 2022[9] - The company reported a fair value income of HKD 742,000 for the six months ended June 30, 2023, down from HKD 831,000 for the same period in 2022, representing a decrease of about 10.7%[104] - The total value of structured deposits was HKD 161,580,000 as of June 30, 2023, slightly down from HKD 165,187,000 as of December 31, 2022, indicating a decrease of about 3.9%[20] - The fair value gain for the insurance contract investment portion was HKD 33,954,000 as of June 30, 2023, compared to HKD 33,212,000 as of December 31, 2022, reflecting an increase of approximately 2.2%[20] Sustainability and Innovation - The company is focusing on product innovation and sustainable development, achieving multiple international environmental and R&D patent certifications[135] - The company aims to establish a green supply chain and integrate sustainable development into its corporate strategy and daily management[154] - The group is committed to sustainable development and green fashion, integrating these principles throughout its supply chain[164] - The company has received international recognition for its sustainability efforts, including the STeP by OEKO-TEX® certification for its Dongguan factory[197] Digital Transformation and Management - The management team is committed to promoting digital management to enhance accuracy, improve production efficiency, and control costs[141] - The company is accelerating its digital transformation to enhance management efficiency and flexibility, aiming for market expansion[160] - The company is investing in automation and digital technologies to enhance operational efficiency and reduce costs[141] - The company is investing in automation and digital technologies to improve supply chain efficiency and reduce operating costs[161] Corporate Governance - The company has adhered to the corporate governance code principles as per the Hong Kong Stock Exchange regulations during the reporting period[111] - The board emphasizes the importance of environmental, social, and governance (ESG) goals and policies, with various committees overseeing their implementation[199] - The company has established working groups in different regions to lead sustainability efforts and report on project progress[199] Legal Matters - The company has ongoing legal proceedings related to claims against its joint venture, with no significant resource outflow expected[65]
达利国际(00608) - 2023 - 中期财报