Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 9,283,390 thousand, a decrease of 38.1% compared to HKD 14,996,092 thousand in the same period of 2022[4] - Profit attributable to owners of the company for the same period was HKD 271,351 thousand, down 9.7% from HKD 300,663 thousand in 2022[4] - Basic earnings per share decreased to HKD 43.36, down 9.7% from HKD 48.04 in the previous year[4] - Gross profit for the period was HKD 700,456 thousand, slightly down from HKD 723,126 thousand in 2022[5] - Total revenue for the six months ended June 30, 2023, was HKD 9,283,390,000, compared to HKD 14,996,092,000 in the same period of 2022, representing a decline of about 38.2%[38] - Sales of electronic components and semiconductors amounted to HKD 9,207,622,000, down from HKD 14,919,387,000 in 2022, indicating a decrease of approximately 38.5%[38] - For the six months ended June 30, 2023, the total revenue was HKD 9,283,390,000, a decrease of 38.3% compared to HKD 14,996,092,000 for the same period in 2022[41] - Gross profit was HKD 700,456,000, down 3.1% from HKD 723,126,000 year-on-year, with a gross margin of 7.6% compared to 4.8% in the previous year[81] - Net profit attributable to shareholders was HKD 271,351,000, a decrease of 9.7% from HKD 300,663,000 in the same period last year, with basic earnings per share at HKD 0.4336 compared to HKD 0.4804 in 2022[81] Dividends and Shareholder Returns - The company maintained an interim dividend of HKD 10.00 per share, unchanged from the previous year[4] - The interim dividend declared is HKD 0.10 per share, consistent with the previous year[73] Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 10,219,017 thousand, compared to HKD 8,138,868 thousand as of December 31, 2022[14] - The net asset value as of June 30, 2023, was HKD 3,257,220,000, compared to HKD 3,010,446,000 at the end of 2022, showing an increase of about 8.2%[33] - The company's current liabilities increased to HKD 6,725,514,000 from HKD 4,886,120,000, reflecting a rise of approximately 37.7%[33] - The total trade and other receivables amounted to HKD 853,280,000 as of June 30, 2023, down from HKD 1,113,014,000 at the end of 2022[48] - Trade payables increased to HKD 3,671,374,000 as of June 30, 2023, compared to HKD 2,695,849,000 at the end of 2022[72] Cash Flow and Financial Position - The group recorded a net operating cash inflow of HKD 2,371,858,000 for the six months ended June 30, 2023, compared to a net outflow of HKD 1,169,795,000 for the same period last year[61] - The group is in a net cash position with a net debt ratio of approximately -HKD 2,180,986,000 as of June 30, 2023, compared to a net capital debt ratio of 1% at the end of 2022[83] Other Income and Expenses - Other income increased to HKD 34,627 thousand from HKD 15,183 thousand in the previous period[5] - The company reported a net loss of HKD 17,801 thousand from other gains and losses, an improvement from a loss of HKD 36,741 thousand in 2022[5] - Other income, including bank interest and dividends, totaled HKD 34,627,000, significantly up from HKD 15,183,000 in the previous year, marking an increase of about 128.3%[25] - The company reported a loss from the sale of available-for-sale investments amounting to HKD 78,000, compared to a gain of HKD 6,228,000 in the previous year[25] Operational Metrics - The accounts receivable turnover period was approximately 32 days for the six months ended June 30, 2023, compared to 33 days for the same period in 2022[60] - The inventory turnover period and average accounts payable turnover period were approximately 52 days and 77 days, respectively, compared to 37 days and 20 days in 2022[84] Strategic Outlook - The company plans to continue facing challenges such as slow economic growth and high inflation, while the global semiconductor industry trends towards digital and green economic development[55] - The group believes it is better equipped to face challenges and aims for sustainable business growth, leveraging economies of scale and strong financial backing[79] - The group actively incorporates sustainability into its business operations, considering environmental, social, and governance issues[80] Investments and Projects - The group has completed several medium-sized LED lighting and display projects for hotels, real estate developers, and local government departments in the Asia-Pacific region[77] - The group has made an irrevocable commitment to subscribe for 224,423,000 rights shares at HKD 0.12 per share, expecting to invest approximately HKD 26,900,000[104] Corporate Governance - The board of directors consists of 5 executive directors, 1 non-executive director, and 4 independent non-executive directors[105]
S.A.S. DRAGON(01184) - 2023 - 中期业绩