伟仕佳杰(00856) - 2024 - 中期财报

Financial Performance - VSTECS Holdings Limited reported an increase in revenue for the six months ended June 30, 2024, reaching HKD 1.2 billion, a growth of 15% compared to the same period last year[10]. - The company's net profit for the same period was HKD 150 million, representing a 20% increase year-over-year[10]. - Revenue for the six months ended June 30, 2024, increased to HK$40,083,317, up 17.9$34,032,326 in 2023[11]. - Gross profit for the period was HK$1,774,447, a slight decrease of 1.1$1,794,476 in 2023[11]. - Operating profit rose to HK$775,398, reflecting an increase of 2.9$755,428 in the previous year[11]. - Profit for the period attributable to equity shareholders decreased to HK$453,315, down 10.0$502,083 in 2023[11]. - Total comprehensive income for the period was HK$125,534, down 33.0$187,381 in 2023[15]. - The profit for the period ended June 30, 2024, was HK$453,315,000, contributing to a total comprehensive income of HK$105,616,000 for the period[25]. - Basic earnings per share for the six months ended June 30, 2024, was HK$0.325, down from HK$0.355 for the same period in 2023, reflecting a decrease of approximately 8.5%[59]. Market Outlook and Strategy - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 15%[10]. - VSTECS is investing in new product development, with a budget allocation of HKD 50 million for R&D initiatives in 2024[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2025[10]. - VSTECS is exploring potential acquisitions to enhance its technology portfolio, with a focus on companies in the software sector[10]. - The management highlighted a strategic shift towards digital transformation services, aiming for a 40% contribution to total revenue by 2025[10]. Financial Position - Total assets as of June 30, 2024, were HK$35,083,419, a slight increase from HK$35,020,347 at the end of 2023[18]. - Net current assets increased to HK$6,384,648, compared to HK$6,328,985 at the end of 2023[18]. - Cash and cash equivalents at June 30, 2024, were HK$2,742,983, a decrease from HK$2,763,096 in 2023[22]. - Total equity attributable to the Company's equity shareholders as of June 30, 2024, was HK$7,957,057,000, compared to HK$8,222,836,000 as of January 1, 2024, reflecting a decrease of approximately 3.2%[25]. - The Group's total financial assets measured at fair value through profit or loss amounted to HK$791,788,000 as of June 30, 2024, compared to HK$771,563,000 as of December 31, 2023, showing an increase of about 2.6%[64]. Segment Performance - The main business segments include Consumer Electronics, Enterprise Systems, and Cloud Computing, focusing on IT products and services[39]. - Revenue from North Asia for the six months ended June 30, 2024, was HK$26,421,781, up from HK$25,538,547 in 2023, indicating a growth of approximately 3.5%[50]. - Revenue from South East Asia surged to HK$13,661,536 for the six months ended June 30, 2024, compared to HK$8,493,779 in 2023, marking a significant increase of about 61.2%[50]. - Revenue from the consumer electronics segment for the six months ended June 30, 2024, was approximately HK$15,993,570, up from HK$14,700,866 in the previous year, reflecting a growth of 8.8%[119]. - Revenue from the enterprise systems segment increased to approximately HK$22,529,201,000, compared to HK$18,124,038,000 in the prior year, marking a growth of 24.5%[119]. Shareholder Information - The interests of Mr. Li Jialin include 82,333,200 ordinary shares, representing 5.73% of the issued share capital, and 311,228,000 shares held by a controlled corporation, representing 21.66%[126]. - Family interests held by Mr. Li Jialin's spouse amount to 204,309,600 shares, which is 14.22% of the issued share capital[126]. - The total shareholding of the top five substantial shareholders accounts for over 79% of the company's shares[135]. - The Company repurchased 438,000 ordinary shares during the review period at an aggregate price of HK$2,114,000[138]. - The highest price per share during the repurchase was HK$4.85, while the lowest price was HK$4.66[139]. Governance and Compliance - The Company has complied with the Corporate Governance Code except for certain provisions regarding the separation of roles between the chairman and CEO[143]. - The Audit Committee reviewed the unaudited results for the six months ended June 30, 2024, confirming compliance with applicable accounting standards[144]. - Connected transactions were disclosed in Note 16 of the Interim Financial Report, constituting exempted connected transactions under the Listing Rules[142]. - The Remuneration Committee is responsible for reviewing and approving the remuneration proposals for directors and senior management[145]. - The company established a Nomination Committee on March 22, 2012, consisting of three Independent Non-executive Directors and the chairman of the board[149].