Financial Performance - For the six months ended March 31, 2024, the company reported revenue of HKD 332,498,000, a decrease of 7.3% compared to HKD 358,656,000 for the same period in 2023[2] - Gross profit for the same period increased to HKD 124,918,000, up 17.9% from HKD 105,965,000 year-on-year[2] - Operating profit rose to HKD 51,274,000, representing a significant increase of 47.4% compared to HKD 34,750,000 in the previous year[2] - Net profit attributable to shareholders for the period was HKD 40,991,000, an increase of 48.9% from HKD 27,539,000 in the prior year[2] - Basic earnings per share increased to HKD 0.0728, up from HKD 0.0489, reflecting a growth of 48.9%[2] - The group reported a profit of HKD 40,991,000 for the six months ended March 31, 2024, compared to HKD 27,539,000 for the same period in 2023, representing a significant increase of 48.8%[19] - The basic earnings per share for the six months ended March 31, 2024, was HKD 0.0728, up from HKD 0.0489 in the same period of 2023[19] - Other income rose by approximately 75.4%, totaling about HKD 6,087,000 for the six months ended March 31, 2024, compared to HKD 3,471,000 in 2023, primarily driven by increased interest income[27] Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 1,175,461,000, compared to HKD 1,171,995,000 as of September 30, 2023[6] - Current assets increased to HKD 603,856,000 from HKD 600,194,000, indicating a slight growth of 0.4%[6] - The company’s cash and cash equivalents stood at HKD 358,505,000, up from HKD 346,392,000, reflecting an increase of 3.4%[6] - The company has maintained a stable non-current asset base, with total non-current assets at HKD 145,854,000, slightly up from HKD 144,801,000[6] - As of March 31, 2024, the group's interest-bearing bank borrowings were HKD 62,000,000, down from HKD 85,000,000 as of September 30, 2023[37] - The group's debt-to-equity ratio was approximately 12.1% as of March 31, 2024, compared to 17.4% as of September 30, 2023, indicating improved financial stability[39] Dividends and Taxation - The group declared an interim dividend of HKD 0.036 per share for the six months ended March 31, 2024, compared to HKD 0.024 per share for the same period in 2023, reflecting a 50% increase[17] - The total tax expense for the six months ended March 31, 2024, was HKD 9,678,000, an increase of 49.1% from HKD 6,493,000 in the same period of 2023[12] - The group did not generate any income in Hong Kong for the six months ended March 31, 2024, and therefore did not make any provision for Hong Kong profits tax[16] - The group’s subsidiary in China, Zhuhai Zetao, enjoys a preferential corporate income tax rate of 15% for the six months ended March 31, 2024[13] - The group’s subsidiary in Indonesia is subject to a corporate income tax rate of 22% for the six months ended March 31, 2024[15] Operational Focus and Strategy - The company continues to focus on the manufacturing and sales of adhesives and related products for the footwear industry, with no new product launches or acquisitions reported during this period[7] - The group is actively constructing a new manufacturing facility on industrial land acquired in Indonesia to enhance cost competitiveness and service delivery[32] - The group plans to continue monitoring and controlling operational costs in response to market inflation and declining purchasing power[33] - The company is committed to R&D, focusing on environmentally friendly products and collaborating with international chemical firms to develop new products[34] - The group anticipates stable sales growth in the medium to long term due to increasing global demand for footwear and stricter quality requirements for adhesives[36] Employment and Commitments - The group employed a total of 405 employees as of March 31, 2024, with employee benefit expenses amounting to approximately HKD 48,220,000 for the six months ending March 31, 2024[46] - As of March 31, 2024, the group has capital commitments of approximately HKD 3,041,000 for the acquisition of properties, machinery, and equipment[42] Compliance and Governance - The group has maintained compliance with the corporate governance code as of March 31, 2024[54] - The group has no significant investments, acquisitions, or disposals during the six months ending March 31, 2024[41] - There are no significant contingent liabilities as of March 31, 2024[43] - The group has not adopted any share option schemes since July 22, 2020[47] - The group has no purchases, sales, or redemptions of its listed securities during the six months ending March 31, 2024[56] - The group has no major events occurring after the reporting period, aside from the disclosed construction contract[44] - The construction contract for the manufacturing plant in Indonesia is fixed at IDR 117,766,000,000 (approximately HKD 57,085,000), excluding VAT[44]
星谦发展(00640) - 2024 - 中期业绩