Financial Performance - For the six months ended June 30, 2023, the group's revenue decreased to HKD 332.8 million, down 42.4% from HKD 577.2 million in the same period of 2022[9]. - The net profit for the period was HKD 387, a significant decrease of 99.5% compared to HKD 71.3 million in the previous year[9]. - The company reported a total comprehensive income of HKD 3.3 million for the period, compared to HKD 61.2 million in 2022[9]. - The profit attributable to the owners of the company for the same period was approximately HKD 414,000, a decrease of 99.4% compared to HKD 71,997,000 in the previous year[24]. - The company's revenue for the six months ended June 30, 2023, decreased by 42.3% to approximately HKD 332,795,000 from HKD 577,164,000 in the same period last year[24]. - The total comprehensive income for the period was 61,186 thousand HKD, a decrease from 71,997 thousand HKD in the previous year, showing a decline of approximately 15.5%[50]. - The group's consolidated revenue for the six months ended June 30, 2023, decreased by approximately HKD 244,369,000 or 42.3% to HKD 332,795,000 compared to the same period last year[137]. Revenue Breakdown - The company's largest market, the United States, accounted for approximately 67.3% of total revenue, down from 78.4% in 2022[7]. - Revenue from the toy segment was HKD 320,392 thousand, down 43.5% from HKD 566,174 thousand in the previous year[76]. - Revenue in the US market decreased by HKD 228,535,000 or 50.5% to HKD 224,096,000 compared to the same period last year[196]. - Revenue in Canada decreased by HKD 11,214,000 or 25.8% to HKD 32,235,000 in the first half of 2023 compared to the same period last year[177]. - Sales in the Australian and New Zealand markets fell by HKD 1,360,000 or 8.0% to HKD 15,585,000 in the first half of 2023 compared to the same period last year[179]. - The overall revenue in Europe declined due to poor sales performance in France, Spain, Sweden, Italy, and Switzerland, despite good performance in Belgium, Czech Republic, Denmark, Germany, Croatia, Portugal, and the UK[176]. Profitability Metrics - The gross profit for the same period was HKD 153.9 million, representing a gross margin of 46.2%, compared to HKD 239.9 million and a gross margin of 41.5% in 2022[9]. - The basic and diluted earnings per share for the period were HKD 0.05, a decrease from HKD 9.52 in the same period last year[9]. - The basic earnings per share dropped to HKD 0.05, down 99.5% from HKD 9.52 in the prior year[24]. - The gross profit margin improved to 46.2%, up from 41.6%, reflecting an increase of 11.1%[24]. Cash Flow and Assets - For the six months ended June 30, 2023, the net cash generated from operating activities was (36,649) thousand HKD, compared to 147,559 thousand HKD in the same period of 2022, indicating a significant decline[51]. - The total assets decreased to HKD 1,017.6 million from HKD 1,082.6 million in the previous year[11]. - Cash and cash equivalents decreased by 120,165 thousand HKD during the first half of 2023, compared to an increase of 65,498 thousand HKD in the same period of 2022[51]. - The total assets as of June 30, 2023, amounted to 1,263,221 thousand HKD, while total liabilities were 227,456 thousand HKD, resulting in a net asset position[73]. - The total assets of the group as of June 30, 2023, were approximately HKD 1,180,790,000, a decrease from HKD 1,263,221,000 as of December 31, 2022[190]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 2.0 per share, a reduction of 50% from HKD 4.0 in the previous year[24]. - The total dividend paid in June 2023 was HKD 60,496,000, an increase from HKD 45,372,000 paid in June 2022, representing a growth of 33.3%[121]. - The company declared an interim cash dividend of HKD 0.02 per share for the six months ended June 30, 2023, down from HKD 0.04 per share in the previous year[156]. Operational Strategy and Market Focus - The company is focusing on optimizing production technology and capacity while managing operational costs prudently[25]. - The company continues to focus on the manufacturing and trading of toys and lighting products, with no significant changes in operational strategy reported[52]. - The group aims to optimize production technology and capacity, expand product and customer portfolios, and manage operational costs prudently in response to challenges posed by rapid technological advancements, particularly in AI[173]. - The company aims to maintain its licensing business for major brands and enrich other product lines[197]. - The overall performance indicates a need for strategic adjustments in product offerings and market focus[196][199]. Economic Outlook - The overall economic outlook remains challenging due to rising inflation and increased uncertainty, impacting the company's sales performance[157]. - The outlook for 2023 is challenging due to persistent high inflation and rising interest rates, which will continue to impact sales in major markets, particularly in the US and Europe[182].
MATRIX HOLDINGS(01005) - 2023 - 中期财报