Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately HKD 3,463,000,000, a decrease of about 26.9% compared to HKD 4,735,642,000 for the same period in 2022[13] - The gross profit for the same period was approximately HKD 107,861,000, down about 78.2% from HKD 495,250,000 in the previous year[13] - The loss attributable to equity holders of the company for the six months ended June 30, 2023, was approximately HKD 57,073,000, compared to a profit of HKD 114,657,000 for the same period in 2022[13] - The basic loss per share for the six months ended June 30, 2023, was approximately 6.7 HKD cents, compared to a basic earnings per share of 13.6 HKD cents for the same period in 2022[13] - The group reported a loss attributable to equity holders of approximately HKD 57,000,000, compared to a profit of HKD 115,000,000 in 2022, mainly due to declining sales revenue and gross profit[57] - Total comprehensive expenses for the period amounted to HKD 650,972,000, up from HKD 518,101,000 in the previous year, reflecting a 25.5% increase[17] Revenue and Market Performance - Revenue from external customers in mainland China dropped to HKD 3,302,124,000 for the six months ended June 30, 2023, down 28.3% from HKD 4,603,801,000 in the same period of 2022[29] - Revenue from the Chinese market (excluding Hong Kong) was HKD 3,302,124, down 28.2% from HKD 4,603,801 in the previous year[30] - The group's revenue for the first half of 2023 was approximately HKD 3,463,000,000, a decrease of about 26.9% compared to HKD 4,736,000,000 in 2022[50] Assets and Liabilities - The company's total bank and other borrowings as of June 30, 2023, amounted to approximately HKD 3,674,000,000, down from HKD 4,043,000,000 as of December 31, 2022[8] - The debt-to-asset ratio slightly increased to approximately 29.0% as of June 30, 2023, compared to 28.5% as of December 31, 2022[8] - Non-current assets decreased to HKD 6,857,483,000 as of June 30, 2023, from HKD 7,545,933,000 at the end of 2022, representing a decline of 9.1%[19] - Current assets also saw a reduction, totaling HKD 5,819,894,000 compared to HKD 6,643,997,000 in December 2022, a decrease of 12.4%[21] - The net assets of the company stood at HKD 6,750,032,000 as of June 30, 2023, down from HKD 7,443,287,000 at the end of 2022, reflecting a decrease of 9.3%[21] - The company’s current liabilities decreased to HKD 5,003,381,000 from HKD 5,614,298,000, a reduction of 10.9%[21] Costs and Expenses - The cost of goods sold for the six months ended June 30, 2023, was HKD 3,355,613, a decrease of 20.8% from HKD 4,240,392 in 2022[33] - Operating costs decreased by approximately 21.2% to about HKD 325,000,000, compared to HKD 412,000,000 in 2022, mainly due to lower export, employee costs, and transportation expenses[55] - Total financing costs for the six months ended June 30, 2023, were HKD 108,584, up from HKD 42,035 in 2022[32] - The financing costs increased by approximately 158.3% to about HKD 109,000,000, up from HKD 42,000,000 in 2022, primarily due to rising USD loan interest rates[56] Cash Flow and Dividends - The net cash flow from operating activities decreased significantly from approximately HKD 764,000,000 in the same period last year to about HKD 178,000,000, primarily due to pre-tax losses and an increase in trade receivables[60] - The group recorded a net cash outflow from financing activities of approximately HKD 495,000,000, compared to HKD 139,000,000 in the previous year[60] - The company declared a final dividend of 5 HKD cents per share for the previous fiscal year, totaling approximately HKD 60,000,000, compared to HKD 96,001,000 for the same period in 2022[1] - The group did not recommend any interim dividend for the period ended June 30, 2023[40] Strategic Outlook - The company plans to continue its focus on product development and market expansion despite the current financial challenges[26] - The group plans to optimize production systems to enhance product quality and efficiency in anticipation of potential growth in the PC market[50] - The group expects inventory levels in the global PC market to gradually normalize in the second half of 2023, with a forecasted recovery in demand[51] - The group aims to continuously adapt its market strategies and improve its product mix to meet diverse market demands and enhance competitiveness[51] Employee and Operational Metrics - Employee costs decreased to approximately HKD 987,000,000, down from HKD 1,520,000,000 in the previous year, with the number of employees reduced to about 23,000 from 34,000[65] - The group's inventory turnover days decreased to approximately 89 days, down from 109 days in the previous year, with inventory dropping by about 24.6% to approximately HKD 1,653,000,000[61] - Trade receivables increased by approximately 3.9% to about HKD 2,516,000,000, with turnover days slightly decreasing to about 132 days[61]
巨腾国际(03336) - 2023 - 中期业绩