Financial Performance - Revenue for the six months ended June 30, 2022, was HK$38,066,133, an increase of 6.1% from HK$34,873,410 in the same period of 2021[13] - Gross profit for the period was HK$1,773,588, representing a gross margin of 4.66%[13] - Operating profit decreased to HK$700,746, down 14.4% from HK$818,975 in the previous year[13] - Profit for the period was HK$502,604, a decline of 22.1% compared to HK$645,024 in 2021[13] - Basic and diluted earnings per share were both 35.44 cents, down from 45.60 cents in the prior year[13] - Total comprehensive income for the period was HK$60,647,000, down from HK$583,483,000, a decrease of about 89.6% compared to the previous year[17] - The profit for the period ended June 30, 2022, was HK$502,604, compared to HK$645,024 for the same period in 2021, reflecting a decline of approximately 22.1%[29] - The Company’s total comprehensive income for the period was HK$60,647, down from HK$583,483 in the previous year[29] Expenses and Costs - Selling and distribution expenses increased to HK$733,114, up 17.5% from HK$624,076 in 2021[13] - Administrative expenses rose to HK$350,917, an increase of 16.3% from HK$301,661 in the previous year[13] - Finance costs increased significantly to HK$103,302, compared to HK$72,099 in the same period last year[13] - The Group's finance costs primarily related to interest expenses for the six months ended June 30, 2022, with no specific figures provided in the extracted data[59] Cash Flow and Liquidity - Net cash used in operating activities was HK$1,289,678,000, compared to a net cash generated of HK$1,181,464,000 in the prior year[24] - Cash and cash equivalents at June 30, 2022, amounted to HK$2,755,193,000, a decrease from HK$3,247,498,000 at the beginning of the year[24] - The current ratio of the Group as at 30 June 2022 was approximately 1.31 times, compared to approximately 1.33 times as of 31 December 2021[130] Assets and Liabilities - Total assets increased to HK$33,220,414,000 from HK$32,176,432,000, reflecting a growth of approximately 3.2%[20] - Total liabilities rose to HK$25,666,186,000 from HK$24,265,002,000, an increase of about 5.8%[20] - Total borrowings rose to HK$8,376,763,000 as of June 30, 2022, compared to HK$6,278,318,000 as of December 31, 2021, marking an increase of about 33.5%[89] Shareholder Information - As of June 30, 2022, Mr. Li Jialin holds 82,333,200 ordinary shares, representing approximately 5.66% of the issued share capital of the Company[136] - The total interests of Mr. Li Jialin and associated parties account for a significant portion of the Company's shareholding structure[141] - Eternal Asia (HK) Limited holds 252,211,998 shares, representing approximately 17.34% of the total shareholding[144] - Shenzhen Investment Holdings Limited also holds 252,211,998 shares, accounting for 17.34% of the total shareholding[144] Governance and Compliance - The Company complied with the Corporate Governance Code during the review period, except for certain provisions regarding the separation of roles between the chairman and CEO[154] - The Audit Committee reviewed the Group's unaudited results for the six months ended June 30, 2022, confirming compliance with applicable accounting standards[155] - The company ensures that no Director or their associates are involved in deciding their own remuneration, maintaining governance standards[158] Market Outlook - The board expressed a cautious outlook for the remainder of the year, considering market uncertainties and potential impacts on performance[12] Segment Performance - Consumer electronics segment revenue reached HK$16,113,234, while enterprise systems generated HK$20,497,396, and cloud computing contributed HK$1,455,503 for the first half of 2022[46] - North Asia generated revenue of HK$29,685,962, up from HK$27,484,626 in 2021, while South East Asia's revenue increased to HK$8,380,171 from HK$7,388,784, reflecting growth in both regions[55] Share Repurchase - The Company repurchased a total of 984,000 ordinary shares during the review period, with an aggregate price of HK$6,049,260[149] - The Company believes that the share repurchase will enhance its net asset value and/or earnings per share[151]
伟仕佳杰(00856) - 2022 - 中期财报