Financial Performance - Revenue for the six months ended December 31, 2023, was HKD 513,747,000, representing an increase of 8.8% compared to HKD 471,912,000 for the same period in 2022[2] - Gross profit for the same period was HKD 110,520,000, up from HKD 88,972,000, indicating a gross margin improvement[2] - Operating loss decreased to HKD 1,548,000 from HKD 12,834,000, showing a significant reduction in operational losses[3] - The net loss for the period was HKD 9,534,000, compared to a net loss of HKD 17,705,000 in the previous year, reflecting an improvement of 46.3%[5] - Basic and diluted loss per share improved to HKD 4.31 from HKD 7.92, indicating better performance on a per-share basis[3] - The company reported a total comprehensive loss of HKD 7,182,000 for the period, significantly improved from HKD 22,717,000 in the previous year[5] - The net loss narrowed to HKD 9.5 million, demonstrating the company's ability to adapt to market conditions and commitment to improving operational efficiency[32] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 465,319,000, an increase from HKD 417,104,000 as of June 30, 2023[7] - Inventory increased to HKD 130,565,000 from HKD 103,594,000, suggesting a strategic buildup of stock[7] - Trade receivables rose to HKD 236,021,000 from HKD 201,380,000, indicating potential growth in sales[7] - Trade receivables amounted to HKD 161,436,000 as of December 31, 2023, down from HKD 178,576,000 as of June 30, 2023[25] - Trade payables increased to HKD 154,580,000 as of December 31, 2023, compared to HKD 120,168,000 as of June 30, 2023[28] Expenses - The company reported depreciation expenses of HKD 14,223,000 for property, plant, and equipment, up from HKD 13,713,000 in the previous year[17] - Sales and distribution expenses slightly increased to HKD 16.6 million from HKD 15.1 million, maintaining the same percentage of revenue as last year[37] - General and administrative expenses rose to HKD 107.8 million from HKD 96.8 million, primarily due to the expansion of operations in Indonesia[38] - Financial expenses increased from HKD 4.4 million to HKD 8.5 million, attributed to higher trade finance usage and rising interest rates[39] Government Support and Taxation - The company received government subsidies of HKD 1,714,000 from the mainland China government during the period, down from HKD 2,060,000 in the previous year[15] - The effective tax rate for the Hong Kong profits tax is estimated at 16.5%, with a specific subsidiary qualifying for a lower rate of 8.25% on the first HKD 2,000,000 of taxable profit[18] Cash Flow and Capital Expenditures - As of December 31, 2023, cash and bank balances were HKD 98.7 million, down from HKD 112.1 million as of June 30, 2023[41] - Capital expenditures for the period were approximately HKD 7.8 million, mainly for machinery and computer equipment[45] - The cash conversion cycle was negative 12 days, compared to negative 8 days for the previous period[43] Market Performance - Sales revenue from the US market accounted for 73% of total sales, while Europe contributed 15% and other markets accounted for 12%[32] - The company remains optimistic about future prospects, expecting gradual revenue improvement as inflation and customer destocking ease[51]
黛丽斯国际(00333) - 2024 - 中期业绩