Financial Performance - For the six months ended June 30, 2022, the company's revenue was $404.6 million, a 35.9% increase from $297.6 million in the same period of 2021[6]. - The net profit for the reporting period was $31.2 million, compared to $22.5 million in the first half of 2021[7]. - Revenue for the six months ended June 30, 2022, was $404,552 thousand, representing a 36% increase from $297,629 thousand in the same period of 2021[45]. - Gross profit for the same period was $60,084 thousand, up 33% from $45,280 thousand year-over-year[45]. - Operating profit increased to $35,993 thousand, a 42% rise compared to $25,369 thousand in the previous year[45]. - Net profit for the period was $31,155 thousand, reflecting a 38% increase from $22,502 thousand in 2021[45]. - The company reported a total comprehensive income of $8,833 thousand for the period, down from $25,377 thousand in the previous year[46]. - The company reported a net profit of $31,391,000 for the six months ended June 30, 2022, compared to a profit of $22,502,000 for the same period in 2021, representing an increase of approximately 39.5%[54]. - Total comprehensive income for the six months ended June 30, 2022, was $9,069,000, down from $25,377,000 in the previous year, indicating a decrease of about 64.3%[54]. Assets and Liabilities - Total assets as of June 30, 2022, were $608.2 million, up from $552.1 million on December 31, 2021[10]. - The asset-liability ratio as of June 30, 2022, was -65.3%, compared to -53.9% on December 31, 2021, indicating a strong equity position[11]. - The company's net assets amounted to $319,971 thousand, an increase from $308,669 thousand at the end of 2021[50]. - Total liabilities increased to $288,236 thousand, compared to $226,950 thousand at the end of 2021[49]. - Trade receivables (net of loss provisions) decreased to $79,441,000 as of June 30, 2022, from $108,532,000 as of December 31, 2021, representing a decline of approximately 26.8%[78]. - Trade payables decreased to $99,157,000 as of June 30, 2022, from $129,158,000 as of December 31, 2021, indicating a reduction of approximately 23.3%[80]. Cash Flow and Investments - The company reported $287.0 million in cash and cash equivalents as of June 30, 2022, indicating a strong financial position[10]. - Cash generated from operating activities was $90,746,000 for the six months ended June 30, 2022, compared to cash used of $(12,506,000) in the same period of 2021, showing a significant turnaround[57]. - The company invested $51,309,000 in property, plant, and equipment during the six months ended June 30, 2022, compared to $6,061,000 in the prior year, reflecting a substantial increase in capital expenditure[57]. - The company secured new bank loans amounting to $91,973,000 during the reporting period, contributing to a net cash inflow from financing activities of $69,327,000[57]. - Cash and cash equivalents increased to $287,007,000 as of June 30, 2022, compared to $188,243,000 as of December 31, 2021, reflecting a growth of about 52.5%[79]. Shareholder Information - Major shareholders hold 617,048,760 shares, representing approximately 73.88% of the total equity[22]. - As of June 30, 2022, the total number of issued ordinary shares was 835,190,800 shares[25]. - A total of 551,229,760 shares, representing approximately 66.00% of the issued share capital, were pledged to a licensed bank as collateral for bank financing[25]. - The board of directors decided not to declare an interim dividend for the reporting period, considering the uncertain economic outlook due to the COVID-19 pandemic[28]. Employee Information - The total number of full-time employees increased to 3,505 as of June 30, 2022, compared to 2,885 as of December 31, 2021, with total employee costs approximately $26.0 million for the reporting period[17]. - The total employee costs for the six months ended June 30, 2021, were $22.0 million, indicating an increase of approximately 18.2% year-over-year[17]. - Key management personnel compensation increased to $353,000 during the six months ended June 30, 2022, compared to $295,000 for the same period in 2021, marking an increase of about 19.7%[84]. Research and Development - The company plans to increase R&D investment and accelerate automation to enhance customer value and maintain stable partnerships[9]. - The company is focusing on new technologies and applications in the optical industry, particularly in smart driving and AR/VR sectors[8]. Market Opportunities - The company aims to leverage opportunities in the growing LiDAR market, projected to expand from $2.1 billion in 2021 to $3.4 billion by 2026, with a CAGR of approximately 22%[8]. Share Option Scheme - The company has adopted a new share option scheme on May 5, 2021, but did not grant any options under this scheme during the reporting period[24]. - The new share option plan aims to provide greater flexibility in granting options and incentivizing contributions to the group[24]. - The total number of shares available for issuance under the share option scheme as of June 30, 2022, was 75,209,880 shares, equivalent to about 9.00% of the issued shares[27]. - The company issued 822,000 share options during the six months ended June 30, 2022, compared to 150,000 share options in the same period of 2021[81]. - The company has no share options granted during the six months ended June 30, 2022, compared to 45,450,000 options granted in the same period of 2021[81].
高伟电子(01415) - 2022 - 中期财报