Financial Performance - The group reported a total revenue of HKD 661,236,000 for the six months ended June 30, 2023, representing an increase of 7.4% compared to HKD 615,489,000 for the same period in 2022[14]. - The group's net profit attributable to shareholders for the period was HKD 6,547,000, a significant recovery from a loss of HKD 45,157,000 in the previous year[6]. - The gross profit for the six months ended June 30, 2023, was HKD 389,127,000, compared to HKD 366,939,000 in the previous year, indicating a year-on-year increase of about 6.0%[19]. - The operating profit decreased to HKD 77,869,000 for the six months ended June 30, 2023, down from HKD 82,556,000 in the same period of 2022, reflecting a decline of approximately 5.5%[19]. - The profit attributable to the company's owners for the period was HKD 78,608,000, compared to HKD 82,919,000 in the prior year, a decrease of about 5.0%[20]. - Basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 8.03, down from HKD 8.44 in the same period of 2022, representing a decline of approximately 4.9%[19]. Assets and Liabilities - The total assets of the group as of June 30, 2023, were HKD 5,315,368,000, a decrease from HKD 5,490,787,000 as of December 31, 2022[7]. - The group’s total liabilities decreased to HKD 910,360,000 as of June 30, 2023, from HKD 1,043,404,000 at the end of the previous year[7]. - The group’s cash and cash equivalents amounted to HKD 305,346,000 as of June 30, 2023, slightly down from HKD 309,805,000 at the end of 2022[7]. - As of June 30, 2023, the group had no bank loans or overdrafts, resulting in a debt-to-equity ratio of zero[75]. - As of June 30, 2023, the group's cash and bank balances were approximately HKD 1,168,440,000, a decrease of HKD 8,436,000 from the end of the previous year[97]. Inventory and Expenses - The group reported a decrease in inventory to HKD 167,254,000 from HKD 204,578,000 year-on-year, indicating improved inventory management[7]. - The group’s operating expenses increased to HKD 560,511,000 for the six months ended June 30, 2023, compared to HKD 515,689,000 in the same period last year[16]. - The group's administrative expenses amounted to HKD 81,124,000, up 4% from HKD 77,906,000 in the same period last year[59]. - The company reported a total sales cost of HKD 272,109,000, which includes clothing sales costs of HKD 218,044,000 and inventory impairment provisions of HKD 4,441,000[36]. Revenue Segmentation - The operating segment in mainland China and Hong Kong generated revenue of HKD 502,618,000, slightly up from HKD 500,403,000 in the previous year, with a segment profit of HKD 63,258,000[29]. - The property investment and development segment reported revenue of HKD 146,408,000, an increase from HKD 102,774,000 in the same period last year, with a segment profit of HKD 44,904,000[29]. - The apparel business revenue increased by 3%, while property investment and licensing revenue decreased by 1% and 19% respectively[55]. - The group's e-commerce sales in RMB increased by approximately 18% compared to the previous year, with sales of special products accounting for 94% of total sales[43]. - The self-operated retail sales revenue increased by approximately 29% year-on-year, accounting for about 18% of the group's domestic clothing sales[86]. Fair Value and Impairment - The group experienced a fair value loss on investment properties of HKD 22,856,000 for the six months ended June 30, 2023, compared to HKD 17,244,000 in the same period last year[16]. - The group recorded a fair value loss on investment properties of HKD 22,856,000, an increase from HKD 17,244,000 in the previous year[58]. - The group’s inventory impairment provision for the period was HKD 1,218,000, compared to a reversal of HKD 3,484,000 in the previous year[67]. Future Plans and Developments - The group plans to continue focusing on property investment and development, alongside its core business in apparel and accessories distribution[14]. - The group plans to focus on the construction progress of the second phase of the "Jinli Lai Garden" property development project and aims to sell the remaining units[96]. - The group has established a new energy company in China with a registered capital of RMB 30,000,000, expected to commence operations in the second half of the year[72]. Compliance and Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations during the reporting period[108]. - The audit committee has reviewed the unaudited interim financial information for the six months ending June 30, 2023, ensuring adherence to the relevant accounting standards[109].
金利来集团(00533) - 2023 - 中期业绩