Financial Performance - The company's profit for the six months ended June 30, 2023, was HKD 17,457,000, compared to HKD 14,742,000 for the same period in 2022, representing an increase of approximately 18.4%[4] - The total revenue for the six months ended June 30, 2023, was HKD 460,075,000, compared to HKD 460,075,000 in the previous period, indicating stable performance[27] - Basic earnings per share for the period were HKD 1.15, compared to HKD 1.05 for the same period in 2022, reflecting an increase of approximately 9.5%[21] - The net profit attributable to shareholders for the period was HKD 17,618,000, representing an increase of 9.66% from HKD 16,066,000 in the same period last year[36] - The company’s gross profit for the period was HKD 97,221,000, an increase from HKD 86,808,000 in the previous year[62] - The company reported a pre-tax profit of HKD 20,907,000 for the period[9] - The company’s total comprehensive income for the period was HKD 21,979,000, compared to HKD 29,288,000 in the previous year[56] Asset and Liability Management - The total non-current assets as of June 30, 2023, amounted to HKD 477,874,000, an increase from HKD 422,206,000 as of December 31, 2022, reflecting a growth of about 13.2%[5] - Current assets decreased to HKD 2,476,655,000 from HKD 2,695,323,000, indicating a decline of approximately 8.1%[5] - The net current assets stood at HKD 1,931,341,000, down from HKD 2,022,583,000, which is a decrease of about 4.5%[5] - As of June 30, 2023, the company held net cash and cash equivalents of HKD 2,460,941,000, slightly down from HKD 2,491,700,000 as of December 31, 2022[41] - The capital debt ratio was 1%, down from 2% as of December 31, 2022[112] Shareholder Returns - The interim dividend remained unchanged at HKD 2.00 per share for both periods[21] - The company declared an interim dividend of HKD 2.00 per share, consistent with the previous year[80] - The company declared an interim dividend of HKD 0.02 per share for the six months ended June 30, 2023, consistent with the previous year's dividend[106] Investment Strategy - The company maintained a cautious investment approach due to inflationary pressures and a weak domestic consumption environment, focusing on high-quality blue-chip stocks for long-term investment[19] - The company plans to adopt a cautious business strategy moving forward, focusing on stability before pursuing aggressive growth opportunities[40] - The company is patiently waiting for investment opportunities to provide ideal returns to shareholders[115] Revenue Segmentation - The total sales for the first half of 2023 amounted to HKD 454,197,000, a decrease of 20.31% compared to HKD 569,928,000 in the same period of 2022[79] - The financial investment segment reported revenue of HKD 32,662,000, an increase of 25.05% from HKD 26,120,000 year-on-year[80] - The interior design and renovation segment generated revenue of HKD 234,790,000, down 28.97% from HKD 330,540,000 in the previous year[80] - For the six months ended June 30, 2023, the total revenue from the interior design and renovation business was HKD 234,790,000, a decrease of 28.97% compared to HKD 330,540,000 in the same period last year[110] - The export business revenue declined from HKD 183,129,000 in the previous year to HKD 158,568,000, representing a decrease of 13.41%[111] Operational Efficiency - The total number of employees as of June 30, 2023, was 470, a decrease from 490 as of December 31, 2022[114] - The company aims to enhance internal management through digital technology applications to better serve quality customers[110] Economic Outlook - The company noted concerns regarding the economic risks in the US and the impact of high inflation on the business environment[78] - The overall economic outlook for China remains positive, with expectations of new government policies to stimulate the economy in the second half of the year[107] Corporate Governance - The company has complied with the corporate governance code as per the listing rules for the reporting period[116]
旭日企业(00393) - 2023 - 中期业绩