Financial Performance - Revenue for the six months ended June 30, 2023, decreased by 22.0% to HKD 2,339.4 million compared to the same period last year[2]. - Gross profit for the same period decreased by 9.3% to HKD 408.8 million, with a gross margin increase of 2.5 percentage points to 17.5%[2]. - Profit before tax for the six months ended June 30, 2023, increased by 0.9% to HKD 161.4 million compared to the previous year[2]. - Profit attributable to owners of the company for the same period increased by 2.8% to HKD 136.7 million[2]. - Basic earnings per share remained stable at HKD 0.13, unchanged from the same period last year[84]. - The company's total expenses for the six months ended June 30, 2023, were 2,199,966, down from 2,872,991 in 2022, indicating a reduction of approximately 23.4%[58]. Dividends - The board declared an interim dividend of HKD 0.028 per share, consistent with the previous year[2]. - The board has declared an interim dividend of HKD 0.028 per ordinary share, consistent with the previous year's interim dividend[119]. - The interim dividend will be distributed on October 9, 2023[120]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 3,667.5 million, a decrease from HKD 3,890.4 million as of December 31, 2022[9]. - Current assets, including inventories, decreased to HKD 651.7 million from HKD 906.4 million[9]. - Total liabilities decreased to HKD 2,210.4 million from HKD 2,477.3 million[16]. - The total bank borrowings as of June 30, 2023, amount to HKD 370,873, a decrease from HKD 625,781 as of December 31, 2022, reflecting a reduction of approximately 40.7%[79]. - The group held cash and bank balances totaling HKD 333.0 million as of June 30, 2023, down from HKD 512.0 million as of December 31, 2022[109]. Income and Expenses - Other income for the six months ended June 30, 2023, increased to HKD 11.9 million from HKD 7.9 million in the previous year[5]. - Selling expenses totaled HKD 89,811,000, and administrative expenses were HKD 179,581,000[41]. - Financial expenses net amount decreased to (3,827) from (4,524), showing an improvement of approximately 15.4%[59]. - The total employee cost for the period was HKD 326.2 million, compared to HKD 493.6 million in the same period last year[110]. Segment Performance - The segment performance showed that the telecommunications segment generated revenue of HKD 720,883,000, while the smart chargers and controllers segment contributed HKD 851,593,000[41]. - The consumer power segment generated revenue of HKD 1,487.8 million, down 6.1% year-on-year, representing 63.6% of total revenue[90]. - The industrial power segment recorded revenue of HKD 851.6 million, accounting for 36.4% of total revenue[90]. - The new energy business accounted for approximately 15% of the group's total revenue, with expectations for continued growth in this segment[87]. Risk Management - The company continues to face various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since December 31, 2022[29]. - The group maintains sufficient cash and bank balances to mitigate liquidity risk, with no significant liquidity risk identified[30]. - The audit committee has reviewed the effectiveness of the group's risk management and internal control systems, deeming them effective[113]. Corporate Governance - The board of directors consists of two executive directors and three independent non-executive directors[123]. - The chairman also serves as the CEO, which deviates from the code provision C.2.1, but the board believes this structure benefits the company's operations[125]. - The company will review its board structure and composition periodically to maintain high standards of corporate governance[125]. Future Outlook - The group is expanding its global production capacity with new facilities in Mexico expected to commence operations in Q4 2023[91]. - The group plans to enhance its strategic partnerships through equity investments in promising companies within the new energy sector[88]. - The group anticipates significant growth in portable energy product orders, with new energy business expected to become a major segment[94]. - The group plans to invest more resources in developing new energy businesses while cautiously allocating resources to consumer electronics[92].
天宝集团(01979) - 2023 - 中期业绩