Financial Performance - Revenue for the six months ended June 30, 2022, was US$108.5 million, representing a 45.1% increase from US$74.8 million in the same period of 2021[9]. - Gross profit for the same period was US$42.2 million, up 45.0% from US$29.1 million year-on-year[9]. - Profit attributable to owners of the parent reached US$21.8 million, a significant increase of 103.2% compared to US$10.7 million in the prior year[9]. - Earnings per share for the period was US$0.87, which is a 102.3% increase from US$0.43 in the previous year[9]. - Total comprehensive income for the period was US$21.9 million, compared to US$10.6 million in the prior year[17]. - The company reported a profit for the period of US$21,760,000 for the six months ended June 30, 2022, compared to US$10,710,000 for the same period in 2021, representing a substantial increase of 103.5%[25]. - The group's profit attributable to owners of the parent for the period was $21,760,000, compared to $10,710,000 for the same period in 2021, representing a 103% increase[102][104]. - Basic earnings per share increased to $0.0087 for the six months ended June 30, 2022, from $0.0043 in the same period of 2021[102][104]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to US$168.6 million, reflecting a 20.5% increase from US$139.9 million at the end of 2021[8]. - Shareholders' funds increased to US$105.9 million, a rise of 22.1% from US$86.7 million as of December 31, 2021[8]. - Total non-current assets decreased to US$17,676,000 as of June 30, 2022, from US$18,323,000 as of December 31, 2021, representing a decline of 3.5%[21]. - Total current assets increased significantly to US$150,888,000 as of June 30, 2022, compared to US$121,590,000 as of December 31, 2021, marking an increase of 24.1%[21]. - Total current liabilities rose to US$61,381,000 as of June 30, 2022, up from US$51,633,000 as of December 31, 2021, indicating an increase of 18.5%[21]. - Net current assets improved to US$89,507,000 as of June 30, 2022, compared to US$69,957,000 as of December 31, 2021, reflecting a growth of 28.0%[21]. - Net assets increased to US$105,882,000 as of June 30, 2022, from US$86,707,000 as of December 31, 2021, showing a rise of 22.0%[21]. - Trade receivables as of June 30, 2022, amounted to $27,389,000, an increase from $24,112,000 as of December 31, 2021[115]. - Trade and bills payables increased to $25,916,000 as of June 30, 2022, compared to $23,919,000 as of December 31, 2021, reflecting an increase of approximately 8.4%[124]. - Accrued expenses and other payables totaled $59,512,000 as of June 30, 2022, up from $50,149,000 as of December 31, 2021, representing a growth of about 18.5%[124]. Cash Flow - Net cash flows from operating activities increased to $20,076,000 for the six months ended June 30, 2022, compared to $7,640,000 in the same period of 2021, representing a growth of 163%[30]. - Net cash flows from investing activities were $2,043,000, a significant improvement from a net outflow of $711,000 in the prior year[30]. - The company reported a net increase in cash and cash equivalents of $21,472,000 during the period, compared to an increase of $3,925,000 in the same period last year[30]. - Cash and cash equivalents rose to US$47,420,000 as of June 30, 2022, compared to US$24,757,000 as of December 31, 2021, an increase of 91.5%[21]. - Cash and cash equivalents at the end of the period totaled $46,420,000, down from $54,634,000 at the end of June 2021, reflecting a decrease of 15%[30]. Dividends - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022[10]. - The company did not pay any dividends during the current period, contrasting with $2,570,000 paid in the same period of 2021[30]. - The company did not declare an interim dividend for the six months ended June 30, 2022, compared to no interim dividend declared for the same period in 2021[110][113]. Research and Development - Research and development costs for the period were US$14.9 million, compared to US$12.1 million in the same period last year[15]. Market and Industry Trends - The semiconductor market is expected to continue healthy growth, driven by demand across various industries including automotive and home appliances[189]. - The ongoing chip shortage and geopolitical tensions have disrupted global supply chains and increased inflationary pressures[187]. - The home gaming console market is experiencing robust growth, with leading brands launching enhanced touch and display functionalities[188]. - Electronic shelf labels (ESL) are set to revolutionize the retail industry, improving staff efficiency and enhancing the shopping experience[188]. - The pandemic has accelerated the demand for smart home appliances and IoT devices, further boosting the semiconductor industry's growth[180]. - The global semiconductor market is expected to maintain a healthy growth momentum despite ongoing challenges such as inflation and geopolitical instability[192]. Strategic Focus - The company aims to optimize and adjust its product mix to meet stringent customer requirements for quality and functionality, leveraging economies of scale and solid relationships with upstream foundries for cost control[195][198]. - The company is focused on developing next-generation solutions that are versatile, efficient, and cost-effective, utilizing research resources and proprietary patents accumulated over the past two decades[196][199]. - The company recognizes the challenges posed by higher-than-expected inflation, which is driving up production and business costs[194][198]. - The company is committed to providing value-added products and solutions to cater to fast-changing market trends and emerging technologies[195][198]. - The company is positioned to capitalize on niche markets that can provide higher profit margins through innovative solutions[196][199]. - The Group's strategy of adjusting the product mix to focus on better customer experiences has proven effective in driving performance[181]. - The Group secured stable upstream supply by leveraging relationships with key foundries, ensuring capacity to meet rising product demand[181].
晶门半导体(02878) - 2022 - 中期财报