2023-11-30 09:09Financial Performance - Revenue for the three months ended September 30, 2023, was $14,409.8 million, compared to $17,089.5 million for the same period in 2022, representing a decrease of approximately 15.6%[6] - Gross profit for the six months ended September 30, 2023, was $4,773.7 million, down from $5,745.5 million in the same period of 2022, indicating a decline of about 16.9%[6] - Operating profit for the three months ended September 30, 2023, was $514.0 million, a decrease from $850.9 million in the same period of 2022, reflecting a decline of approximately 39.5%[6] - Net profit attributable to equity holders for the three months ended September 30, 2023, was $249.2 million, down from $541.2 million in the same period of 2022, representing a decrease of about 54.0%[6] - The company reported a basic earnings per share of 2.09 cents for the three months ended September 30, 2023, compared to 4.54 cents for the same period in 2022, a decline of approximately 54.0%[6] - The total comprehensive income for the three months ended September 30, 2023, was $234.8 million, compared to $284.9 million for the same period in 2022, indicating a decrease of about 17.6%[7] - Revenue for the six months ended September 30, 2023, was $27,309.7 million, a decrease of 20% compared to $34,045.2 million for the same period in 2022[21] - The net profit attributable to equity holders for the same period was approximately $425.77 million, down from $1.06 billion, representing a decline of 60.3%[74] - Operating profit for the same period was $1,498,005 thousand, down from $2,233,567 thousand, representing a decline of approximately 33%[80] Assets and Liabilities - Total assets as of September 30, 2023, increased to $39,256.65 million from $38,920.06 million as of March 31, 2023, reflecting a growth of approximately 0.86%[8] - Non-current assets decreased to $15,847.48 million from $15,979.20 million, a decline of about 0.82%[8] - Current assets rose to $23,409.18 million, up from $22,940.85 million, indicating an increase of approximately 2.04%[8] - Total liabilities increased to $33,678.17 million from $32,873.04 million, representing a rise of approximately 2.45%[9] - Shareholder equity decreased to $5,127.19 million from $5,587.59 million, a decline of about 8.23%[9] - The company reported a significant increase in trade payables, which rose to $10,872.34 million from $9,772.93 million, an increase of approximately 11.23%[9] Cash Flow and Investments - Cash and cash equivalents decreased to $3,736.98 million from $4,250.09 million, a reduction of about 12.06%[10] - Net cash generated from operating activities for the six months ended September 30, 2023, was $1,103.55 million, down from $2,482.99 million for the same period in 2022, a decline of approximately 55.66%[10] - Cash used in investing activities totaled $668.74 million, compared to $1,193.79 million in the previous year, showing a decrease of about 44.00%[11] - Financing activities resulted in a net cash outflow of $858.25 million, contrasting with a net inflow of $616.84 million in the prior year[11] Business Segments Performance - For the six months ended September 30, 2023, the Smart Devices Business Group generated revenue of $21,775,171 thousand, with an operating profit of $1,496,550 thousand[20] - The Infrastructure Solutions Business Group reported an operating loss of $113,855 thousand, with revenue of $4,700,436 thousand for the six months ended September 30, 2022[20] - The Solutions Services Business Group achieved revenue of $3,631,308 thousand and an operating profit of $744,511 thousand for the six months ended September 30, 2023[20] - The group reported a net financial income of $77,055 thousand for the six months ended September 30, 2023[20] Sustainability and Innovation - The company continues to focus on sustainability initiatives, including a factory in Hungary that utilizes innovative technologies to address climate change and aims for net-zero emissions[4] - The collaboration with UNC Blue Sky Innovations aims to enhance AI applications in addressing significant human challenges through innovative technologies[3] - The company is committed to reducing emissions in line with the latest climate science, emphasizing the importance of sustainable development in its operations[4] - The company plans to invest a total of $1 billion over the next three years to expand its artificial intelligence capabilities[125] - The company is committed to achieving net-zero emissions by 2050 and will expand its sustainability initiatives, integrating innovative ESG features into its service offerings[127] Employee and Compensation - The workforce as of September 30, 2023, consists of approximately 71,090 employees, with competitive compensation and benefits to attract and retain talent[128] - The company continues to implement a long-term incentive plan to attract and retain high-performing employees, linking rewards to shareholder interests[129] - The long-term incentive plan allows for the granting of share appreciation rights and restricted share units without a specific limit on the maximum number of units awarded to each participant[132] Corporate Governance - The company’s audit committee reviewed the unaudited interim results for the six months ending September 30, 2023, ensuring compliance with accounting standards and internal controls[149] - The company has complied with the corporate governance code during the six months ending September 30, 2023, with the roles of Chairman and CEO not separated[150] - The company confirmed that all directors complied with the securities trading policy during the six months ending September 30, 2023[151] - The company’s board consists of a majority of independent non-executive directors, ensuring effective checks and balances between the board and management[150]