Financial Performance - Revenue for the six months ended September 30, 2022, was HK$2,199,088, an increase of 13.3% compared to HK$1,941,423 in 2021[17]. - Gross profit for the same period was HK$580,486, representing a gross margin of approximately 26.4%[17]. - Operating profit increased to HK$493,415, up 9.3% from HK$451,316 in the previous year[17]. - Profit for the period attributable to equity shareholders was HK$259,489, slightly up from HK$256,559 in 2021[20]. - Total comprehensive income for the period was HK$60,606, a significant decrease from HK$281,632 in the prior year, primarily due to exchange differences[20]. - Other income/gains rose to HK$8,224, up from HK$5,277 in the previous year, reflecting improved ancillary revenue streams[17]. - The group reported a profit before taxation of $481,019,000 for the six months ended September 30, 2022, up from $455,577,000 in the prior year, indicating a growth of approximately 5.6%[139]. Assets and Liabilities - For the six months ended September 30, 2022, Karrie International Holdings Limited reported total assets of HK$4,502,977,000, a decrease of 11% from HK$5,066,066,000 as of March 31, 2022[9]. - The company's total equity attributable to equity shareholders was HK$1,676,306,000, down from HK$1,696,552,000, reflecting a decline of approximately 1.5%[12]. - Current liabilities increased to HK$2,396,988,000, compared to HK$2,878,626,000, indicating a reduction of about 16.7%[12]. - Total liabilities decreased to HK$2,826,671,000 from HK$3,369,514,000, a reduction of about 15.9%[12]. - The company reported a total of HK$3,353,826,000 in current assets, down from HK$3,756,456,000, a decrease of about 10.7%[11]. - Trade payables rose to HK$527,829,000 from HK$375,951,000, reflecting an increase of approximately 40%[12]. - The balance of total equity as of September 30, 2022, was HK$1,676,306, up from HK$1,696,552 at the beginning of the period[22]. Cash Flow - Net cash generated from operating activities was HKD 217,103,000, a decrease from HKD 481,145,000 in the previous period[27]. - Net cash used in investing activities amounted to HKD 85,923,000, compared to HKD 111,888,000 in the prior period[27]. - Net cash used in financing activities was HKD 269,070,000, a significant decrease from a net cash generated of HKD 20,908,000 in the previous period[27]. - Cash and cash equivalents at the end of the period were HKD 629,829,000, down from HKD 1,057,729,000 at the end of the previous period[27]. - The company reported a net decrease in cash and cash equivalents of HKD 137,890,000 during the period[27]. Dividends - The company paid dividends of HKD 80,852,000 during the period, compared to HKD 141,259,000 in the prior period[27]. - An interim dividend of HK4.0 cents per share was declared for the six months ended 30 September 2022, down from HK4.5 cents per share in the same period last year[193]. - The final dividend for the year ended 31 March 2022 was $80,852,000, representing HK4.0 cents per share, compared to $141,259,000 or HK7.0 cents per share in the previous year[190]. Acquisitions - The company entered into an acquisition agreement to acquire Kar Info International Property Limited for a nominal consideration of USD 100 (approximately HKD 775)[36]. - The company also agreed to acquire Jiaxuntong for RMB 38,000,000 (approximately HKD 45,600,000) and assume debts of approximately RMB 276,278,000 (approximately HKD 331,600,000)[36]. - The acquisitions of Kar Info International and Jiaxuntong were completed on March 8, 2022, with the company becoming the ultimate holding company of both entities[40]. Financial Ratios and Earnings - Basic earnings per share for the period was HK 12.9 cents, slightly up from HK 12.7 cents in the previous period[16]. - Basic earnings per share rose from 12.7 HK cents to 12.9 HK cents, reflecting a growth of about 1.6%[185]. - The company reported a share of profits from associates of HK$104, a decrease from HK$933 in the previous year[17]. Operational Efficiency - Karrie International Holdings Limited continues to focus on enhancing operational efficiency and exploring market expansion opportunities[9]. - Employee benefit expenses for the six months ended September 30, 2022, were $229,085,000, a decrease of 3% from $236,106,000 in the same period of 2021[173]. - Distribution and selling expenses increased to HK$25,646, compared to HK$23,353 in 2021, indicating higher operational costs[17]. Accounting and Reporting - The interim financial report has been prepared in accordance with Hong Kong Accounting Standards and is unaudited but reviewed by the audit committee[32]. - The interim financial report has been prepared using the merger basis of accounting, reflecting the current group structure as if it had existed throughout the presented periods[41]. - The company adopted a uniform set of accounting policies when preparing the consolidated financial statements[42].
嘉利国际(01050) - 2023 - 中期财报