Financial Performance - For the six months ended September 30, 2022, the Group's total revenue increased by 28.9% year-on-year to HK$531.3 million, up from HK$412.2 million in 2021[8]. - Gross profit surged 76.1% to HK$91.5 million, compared to HK$52.0 million in 2021, despite increased material costs due to a change in product mix[8]. - The loss attributable to equity holders of the Company narrowed by 82.0% to HK$4.2 million, down from HK$23.5 million in 2021, with basic loss per share improving to HK0.99 cents from HK5.51 cents[8]. - Revenue for the six months ended September 30, 2022, was HK$531,317,000, representing an increase of 29% compared to HK$412,239,000 for the same period in 2021[101]. - Operating profit for the period was HK$9,931,000, a turnaround from an operating loss of HK$18,022,000 in the previous year[101]. - Profit for the period was HK$6,422,000, compared to a loss of HK$21,254,000 in the same period last year, showing a strong recovery[101]. - The company reported a profit before income tax of HK$11,064,000, a significant improvement from a loss of HK$15,318,000 in the prior year[149]. - The company reported a total of HK$238,928,000 in liabilities, which includes trade payables, contract liabilities, and accruals[169]. Revenue Segmentation - Revenue from the headsets and headphones segment rose 19.4% to HK$354.9 million, accounting for 66.8% of the Group's total revenue[9]. - The accessories and components segment saw revenue increase by 53.6% to HK$176.5 million, representing 33.2% of total revenue, with segment profit surging over 230% to HK$15.0 million[16]. - Revenue from the headsets and headphones segment was HK$354,851,000, up from HK$297,316,000 in 2021, while the accessories and components segment generated HK$189,985,000, compared to HK$128,445,000 in the previous year[149]. - External revenue attributed to Hong Kong was approximately HK$511,027,000, an increase from HK$395,407,000 in 2021, while revenue from China was approximately HK$20,290,000, up from HK$16,832,000[155]. Cash Flow and Liquidity - Cash and cash equivalents were approximately HK$354.5 million as of September 30, 2022, representing a decrease of about 4.1% from HK$369.9 million as of March 31, 2022[27]. - The Group's net current assets as of September 30, 2022, amounted to approximately HK$535.2 million, a decrease from HK$561.6 million as of March 31, 2022[26]. - The company experienced a net decrease in cash and cash equivalents of HK$13,066,000 for the six months ended September 30, 2022, compared to a decrease of HK$73,815,000 in the same period of 2021[110]. - Cash and cash equivalents at the end of the period were HK$354,522,000, down from HK$413,896,000 at the end of the same period in 2021[110]. Dividends and Shareholder Information - An interim dividend of HK2.0 cents per ordinary share has been declared for the Period, up from HK1.0 cent in the previous year[37]. - The interim dividend declared is HK$0.02 per ordinary share, an increase from HK$0.01 in 2021[40]. - The company paid dividends of HK$12,775,000 to equity holders in both 2022 and 2021, indicating a consistent dividend policy[110]. - As of September 30, 2022, the total number of shares in issue is 425,839,000[50]. Corporate Governance - The Company complied with the Corporate Governance Code, except for the separation of the roles of chairman and chief executive officer[66]. - The remuneration committee is responsible for reviewing and determining the remuneration policies for Directors and senior management[71]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial information for the period[78]. - The Nomination Committee is responsible for reviewing the structure, size, and composition of the Board at least annually[81]. Operational Developments - The Group launched a sophisticated headset featuring head-tracking and low-latency wireless communication technology for gaming applications in September 2022[18]. - The Group plans to launch more new products in the Call Centre & Office segment in the second half of 2022, anticipating sustained sales momentum[18]. - The Group plans to establish a new production line that combines fully and semi-automated processes to enhance production capabilities and competitiveness[23]. Financial Risks and Accounting Policies - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk, with no changes in risk management policies since March 31, 2022[131]. - The Group's accounting policies remain consistent with the annual financial statements for the year ended March 31, 2022, with no significant impact from the adoption of amended standards[123].
富士高实业(00927) - 2023 - 中期财报