Financial Performance - Revenue for the six months ended June 30, 2022, increased by 3.5% to HKD 554,521,000 compared to HKD 536,010,000 in the same period last year[9]. - Gross profit rose by 26.2% to HKD 128,436,000, with a gross margin increase of 4.2 percentage points to 23.2%[15]. - Profit for the period surged by 121.7% to HKD 36,724,000, with basic earnings per share increasing by 117.9% to HKD 6.1 cents[15]. - Total revenue for the six months ended June 30, 2022, was HKD 554,521,000, an increase from HKD 536,010,000 in the same period of 2021, representing a growth of approximately 3.8%[39]. - Gross profit for the same period was HKD 128,436,000, compared to HKD 101,803,000 in 2021, reflecting a significant increase of about 26.2%[39]. - The net profit for the six months ended June 30, 2022, was HKD 36,724,000, up from HKD 16,565,000 in 2021, indicating a growth of approximately 121.5%[39]. - The company reported a basic earnings per share of 6.1 HK cents for the period, compared to 2.8 HK cents in the previous year, marking an increase of 117.9%[39]. Revenue Breakdown - Revenue from watch bands grew by 10.1% to HKD 177,258,000, while revenue from fashion jewelry increased by 80.6% to HKD 50,679,000[13]. - Revenue from mobile phone frames and parts slightly decreased by 0.7% to HKD 229,380,000, and revenue from smart wearable device frames and parts fell by 16.1% to HKD 97,204,000[13]. - Revenue from the Chinese market decreased to HKD 234,595,000 from HKD 281,240,000, while revenue from Switzerland increased to HKD 164,002,000 from HKD 154,768,000[55]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 1,331,598,000, a decrease of 17.3% from HKD 1,610,090,000[9]. - Current liabilities decreased to HKD 352,072,000 from HKD 604,548,000 at the end of 2021, representing a reduction of about 41.7%[41]. - The total equity as of June 30, 2022, was HKD 976,686,000, down from HKD 1,001,099,000 at the end of 2021, indicating a decrease of approximately 2.4%[41]. - The company's debt-to-asset ratio was 0.09 as of June 30, 2022, down from 0.16 as of December 31, 2021[29]. Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 213,599,000 for the six months ended June 30, 2022, compared to a net cash outflow of HKD 9,725,000 in the same period last year[46]. - The company incurred a net cash outflow from investing activities of HKD 37,887,000, an improvement from HKD 69,086,000 in the prior year[46]. - Financing activities resulted in a net cash outflow of HKD 142,890,000, compared to a net cash inflow of HKD 65,328,000 in the same period last year[46]. Expenses and Costs - Employee costs for the period amounted to HKD 221,552,000, up from HKD 194,451,000 in 2021, which is an increase of about 14%[34]. - Research and development expenses increased by 54.2% to HKD 20,279,000, up from HKD 13,150,000 in the previous year[23]. - Financing costs rose by 105.1% to HKD 3,408,000, compared to HKD 1,662,000 in the previous year, mainly due to an increase in average bank borrowings[23]. Governance and Shareholding - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the six months ending June 30, 2022[88]. - The board of directors includes key executives such as the chairman, vice-chairman, and managing director, with a total of six executive directors and four independent non-executive directors[88]. - As of June 30, 2022, the company’s major shareholders include Mr. Yao Hanming and Ms. Luo Huiping, each holding approximately 66.34% of the total issued share capital[95]. - The company’s governance structure is designed to enhance transparency and accountability, ultimately benefiting shareholders[88]. Future Outlook - The company maintained a cautious optimism for the second half of 2022, focusing on improving operational efficiency and sustainable growth despite economic challenges[35]. - The company plans to continue discussions with local government authorities regarding the construction land indicators for a new production facility in Huizhou, China, indicating ongoing market expansion efforts[71].
盈利时(06838) - 2022 - 中期财报