Financial Performance - CEC International Holdings Limited reported revenue of HKD 888,738,000 for the six months ended October 31, 2022, a decrease of 8.5% compared to HKD 971,637,000 in the same period of 2021[2] - The gross profit for the same period was HKD 325,294,000, down from HKD 336,918,000, resulting in a gross margin of approximately 36.6%[2] - Operating profit increased to HKD 45,700,000, representing a growth of 49.1% from HKD 30,658,000 in the previous year[2] - Net profit attributable to equity holders was HKD 33,794,000, up 79.8% from HKD 18,798,000 in the prior period[2] - Basic and diluted earnings per share rose to HKD 5.07, compared to HKD 2.82 in the same period last year[2] - The company reported a total comprehensive income of HKD 15,698,000 for the period, down from HKD 21,932,000 in the previous year[3] - The profit attributable to equity holders for the same period was HKD 33,794,000, representing a 79.8% increase from HKD 18,798,000 in 2021; excluding government subsidies, the profit decreased by 20.5%[32] Assets and Liabilities - Total assets as of October 31, 2022, were HKD 936,592,000, an increase from HKD 919,516,000 as of April 30, 2022[5] - Total liabilities increased slightly to HKD 427,903,000 from HKD 419,863,000, indicating a stable financial position[5] - The total liabilities increased to HKD 427,903,000 from HKD 419,863,000 as of April 30, 2022[17] - The group's long-term lease liabilities increased to HKD 102,946,000 as of October 31, 2022, from HKD 85,559,000 on April 30, 2022[46] - The group recorded a net current asset value of HKD 5,426,000 as of October 31, 2022, improving from a net current liability situation[50] Revenue Segments - CEC International Holdings Limited has three reportable segments: retail business, electronic component manufacturing, and investment property holdings[14] - The company reported a decrease in external sales in the retail segment to HKD 851,063,000 from HKD 926,094,000, a decline of 8.1%[17] - Retail business revenue for the six months was HKD 851,063,000, down 8.1% from HKD 926,094,000 in 2021, accounting for approximately 96% of total revenue[33] - The electronic components manufacturing segment reported revenue of HKD 37,123,000, a decrease of 17.9% from HKD 45,197,000 in 2021, with a gross profit of HKD 4,586,000, down 9.2%[38] Operational Efficiency - The group maintained operational cost control, with sales and distribution expenses at HKD 236,848,000, slightly down from HKD 238,650,000 in 2021[36] - The group achieved a profit of HKD 51,814,000 in the retail segment, an increase of 18% compared to HKD 43,810,000 in 2021[36] - The company received government subsidies related to COVID-19 amounting to HKD 18,842,000 during the period[20] - The group closed 9 stores and opened 3 new ones, resulting in a total of 166 stores as of October 31, 2022, down from 172 stores[35] Cash Flow - The group's net cash inflow for the six months ended October 31, 2022, was HKD 9,432,000, compared to HKD 3,543,000 in 2021[48] - Operating cash inflow for the period was HKD 107,912,000, a decrease of 6.7% from HKD 115,665,000 in 2021[50] Future Outlook - The group anticipates a continued low local consumption atmosphere in the near future, impacting retail performance[56] - The group plans to maintain its current scale and improve operational efficiency without major expansion or investment plans due to market uncertainties[56] Governance and Compliance - The company has adopted the standard code of conduct for directors' securities transactions as per the listing rules, confirming compliance for the six months ending October 31, 2022[63] - The audit committee consists of three independent non-executive directors, with regular meetings held at least twice per fiscal year to review accounting principles and internal controls[61] - The current structure of having one person serve as both the chairman and CEO is believed to provide strong and effective leadership for the company[60] Reporting - The interim report for the six months ending October 31, 2022, will be sent to shareholders by January 31, 2023, and published on the company's website[64]
CEC INT'L HOLD(00759) - 2023 Q2 - 季度业绩