Financial Performance - The Group's revenue increased by 8.9% to HK$513.7 million for the six months ended 31 December 2023, compared to HK$471.9 million in the same period last year[20]. - Gross profit rose to HK$110.5 million, with a gross profit margin increase from 18.9% to 21.5%[21]. - The net loss for the period narrowed to HK$9.5 million, an improvement of HK$8.2 million from the previous year's loss of HK$17.7 million[16]. - The Group's sales revenue increased by 8.9% to HK$513.7 million for the period, compared to HK$471.9 million for the six months ended December 31, 2022[25]. - Gross profit rose from HK$89.0 million to HK$110.5 million, with the gross margin increasing from 18.9% to 21.5% due to higher sales of profitable products and vertical integration in components[26]. - The Group recorded a net loss of HK$9.5 million, an improvement from a net loss of HK$17.7 million in the same period last year[31]. - Basic and diluted loss per share improved to HK(4.31) cents from HK(7.92) cents, indicating a 45.5% reduction in loss per share[55]. - Total comprehensive expense for the period was HK$7,182,000, down from HK$22,717,000, a decrease of 68.4%[58]. - The total comprehensive income for the period ended December 31, 2023, was a loss of HK$11,237,000, compared to a loss of HK$29,349,000 for the same period in 2022[66]. - The company reported a loss attributable to equity shareholders of HK$12,981,000 for the period ended December 31, 2023, compared to a loss of HK$23,847,000 in the previous year[66]. Assets and Liabilities - Total equity decreased to HK$412.9 million from HK$419.8 million, a reduction of HK$6.9 million[13]. - Total debt decreased to HK$119.0 million from HK$123.8 million, a reduction of HK$4.8 million[13]. - Cash and cash equivalents decreased to HK$98.7 million from HK$112.1 million, a decrease of HK$13.4 million[13]. - Current assets increased to HK$465,319,000 from HK$417,104,000, reflecting a growth of 11.5%[60]. - Non-current assets totaled HK$379,397,000, slightly down from HK$383,430,000, a decrease of 1.0%[60]. - Net assets decreased to HK$412,953,000 from HK$419,822,000, reflecting a decline of 1.6%[61]. - Trade receivables at amortised cost decreased to HK$161,436,000 as of December 31, 2023, down from HK$178,576,000 as of June 30, 2023, a decline of 9.6%[116]. - Trade payables as of December 31, 2023, were HK$154,580,000, compared to HK$120,168,000 as of June 30, 2023, reflecting a rise of approximately 28.6%[122]. Cash Flow and Investments - For the six months ended December 31, 2023, the net cash generated from operating activities was HK$8,793,000, a decrease from HK$30,851,000 in the same period of 2022[71]. - The company incurred net cash used in investing activities of HK$2,174,000 for the six months ended December 31, 2023, compared to HK$15,317,000 in the same period of 2022[71]. - Capital expenditure during the period amounted to HK$7.8 million, primarily for machinery and computer equipment[40]. - The company received HK$4,351,000 in dividends from a joint venture during the six months ended December 31, 2023[71]. Expenses - Selling and distribution expenses increased slightly to HK$16.6 million from HK$15.1 million[23]. - General and administrative expenses increased to HK$107.8 million from HK$96.8 million, primarily due to ramping up operations in Indonesia[24]. - Finance costs increased from HK$4.4 million to HK$8.5 million, primarily due to higher trade finance utilization and rising interest rates[30]. - Depreciation charges for property, plant, and equipment rose to HK$14,223,000 in 2023, up from HK$13,713,000 in 2022, a 3.7% increase[97]. Market and Sales - 73% of sales were to the U.S. market, 15% to Europe, and 12% to the rest of the world during the period[17]. - The Group's revenue from sales of goods to a related party, Van de Velde N.V., was approximately HK$40,181,000 for the six months ended 31 December 2023, a decrease of 40.5% compared to HK$67,674,000 for the same period in 2022[140]. - Revenue from sales of goods to an associate, Techspase (Private) Limited, increased to HK$164,000 for the six months ended 31 December 2023, compared to HK$70,000 for the same period in 2022, representing a growth of 134.3%[141]. Share Options and Equity - As of December 31, 2023, the total number of outstanding share options was 15,485,981, down from 21,314,952 in 2022, indicating a decrease of approximately 27.5%[134]. - No share options were granted, exercised, cancelled, or lapsed under the New Share Option Scheme during the periods ended December 31, 2023, and December 31, 2022[135]. - The number of outstanding share options decreased from 21,314,952 to 15,485,981 during the six months ended December 31, 2023, reflecting a cancellation/lapse of 5,828,971 options[170]. - The New Share Option Scheme allows for the issuance of up to 30,105,267 shares, representing 10% of the total issued share capital of the Company as of the interim report date[179]. Governance and Compliance - The interim financial report is unaudited but has been reviewed by the Company's Audit Committee, ensuring oversight and accuracy in financial disclosures[78]. - The Company has complied with the Corporate Governance Code during the six months ended December 31, 2023, with noted deviations regarding director retirement by rotation[187]. - The Audit Committee has reviewed the unaudited interim financial report for the six months ended December 31, 2023[186]. Employee Information - As of December 31, 2023, the Group employed approximately 6,475 employees, an increase from approximately 6,242 employees as of June 30, 2023, reflecting a growth of about 3.74%[199]. - The Group's remuneration policy is structured based on prevailing market conditions and statutory requirements, ensuring competitive compensation for employees[199].
黛丽斯国际(00333) - 2024 - 中期财报