INTERIM REPORT
2 0 2 1 / 2 2 中 期 報 告
I G
AS
S E R P
- Financial Highlights
- Corporate Information
- Management Discussion and Analysis
7 Other Information
- Report on Review of Interim Financial Information
- Condensed Consolidated Statement
of Financial Position
18 Condensed Consolidated Income Statement
- Condensed Consolidated Statement of Comprehensive Income
- Condensed Consolidated Statement of Changes in Equity
- Condensed Consolidated Statement of Cash Flows
- Notes to the Condensed Consolidated Interim Financial Information
Report Interim
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F I N A N C I A L H I G H L I G H T S
(Unaudited) | |||
Six months ended 30 September | |||
2021 | 2020 | Change | |
HK$'000 | HK$'000 | % | |
Operating results: | |||
Revenue | 2,773,518 | 1,734,642 | 59.9% |
Gross Profit | 805,456 | 460,898 | 74.8% |
Gross profit margin | 29.0% | 26.6% | 2.4% |
Operating profit | 415,114 | 181,943 | 128.2% |
Operating profit margin | 15.0% | 10.5% | 4.5% |
Profit attributable to owners of the Company | 323,845 | 113,151 | 186.2% |
Net profit margin | 11.7% | 6.5% | 5.2% |
HK cents | HK cents | ||
(Restated) | |||
Basic and diluted earnings per share | 23.7 | 8.6 | 175.6% |
(Unaudited) | (Audited) | ||
At 30 September | At 31 March | ||
2021 | 2021 | Change | |
HK$'000 | HK$'000 | % | |
Financial position: | |||
Total assets | 6,724,759 | 5,478,376 | 22.8% |
Net assets | 3,362,503 | 2,461,272 | 36.6% |
Net current assets | 1,360,183 | 594,613 | 128.8% |
Cash and cash equivalents | 961,377 | 588,391 | 63.4% |
Total borrowings | 855,008 | 1,165,552 | -26.6% |
L.K. Technology Holdings Limited
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C O R P O R A T E I N F O R M A T I O N
BOARD OF DIRECTORS
Executive Directors
Ms. Chong Siw Yin (Chairperson)
Mr. Liu Zhuo Ming (Chief Executive Officer) Mr. Tse Siu Sze
Independent Non-executive Directors
Dr. Low Seow Chay
Dr. Lui Ming Wah, PhD, SBS, JP
Mr. Tsang Yiu Keung, Paul
COMPANY SECRETARY
Miss Chung Wing Man
AUTHORISED REPRESENTATIVES
Ms. Chong Siw Yin
Miss Chung Wing Man
AUDIT COMMITTEE
Mr. Tsang Yiu Keung, Paul
Dr. Lui Ming Wah, PhD, SBS, JP
Dr. Low Seow Chay
NOMINATION COMMITTEE
Dr. Low Seow Chay
Dr. Lui Ming Wah, PhD, SBS, JP
Mr. Tsang Yiu Keung, Paul
REMUNERATION COMMITTEE
Dr. Lui Ming Wah, PhD, SBS, JP
Mr. Tsang Yiu Keung, Paul
Dr. Low Seow Chay
AUDITOR
PricewaterhouseCoopers
Certified Public Accountants
Registered Public Interest Entity Auditor
REGISTERED OFFICE
Cricket Square
Hutchins Drive, P.O. Box 2681
Grand Cayman, KY1-1111
Cayman Islands
PRINCIPAL PLACE OF BUSINESS IN
HONG KONG
Unit A, 8th Floor
Mai Wah Industrial Building 1-7 Wah Sing Street Kwai Chung
New Territories Hong Kong
HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE
Computershare Hong Kong Investor Services Limited
Shops 1712-1716, 17th Floor
Hopewell Centre
183 Queen's Road East
Wanchai
Hong Kong
PRINCIPAL BANKERS
China Construction Bank (Asia) Corporation Limited
Bank of China
Intesa Sanpaolo Spa
STOCK CODE
558
WEBSITE
www.lk.world
2021/22 Report Interim
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M A N A G E M E N T D I S C U S S I O N
BUSINESS REVIEW
For the six months ended 30 September 2021 (the "Period under Review"), the Group recorded a revenue of HK$2,773,518,000, representing an increase of approximately 60% as compared to the same period last year. The profit attributable to owners of the Company was HK$323,845,000, representing a substantial increase of 186.2% as compared to a profit of HK$113,151,000 in the corresponding period last year.
T h e G r o u p ' s r e v e n u e f r o m t h e P R C m a r k e t w a s HK$2,229,079,000, representing an increase of 64.0% as compared to the same period last year.
In 2021, with the gradual improvement of the pandemic situation in China, the automotive industry has seen tremendous recovery and the automotive market is recovering significantly from a low base. The production and sales volume of vehicles saw a substantial increase as compared to the same period last year, and the growth in alternative fuel vehicle sales has far exceeded expectations. According to the data provided by China Association of Automobile Manufacturers, the production and sales volume of vehicles in China from January to September 2021 were 18.243 million and 18.623 million, respectively, representing an increase of approximately 7.5% and 8.7% as compared to the same period last year. The production and sales volume of alternative fuel vehicles saw a significant increase and amounted to 2.166 million and 2.157 million, respectively, representing an increase of 1.8 times and 1.9 times, respectively, which drove the demand for die-casting machines.
Revenue from the overseas market was HK$544,439,000, representing an increase of 44.9% as compared to the same period last year. With the increase in vaccination rates and the gradual relaxation of social distancing measures, especially in European countries, major economies continue to gather recovery momentum, with clear signs that the demand for industrial equipment is turning around.
L.K. Technology Holdings Limited
A N D A N A L Y S I S
Die-casting Machine
During the Period under Review, the revenue of the Group's die-casting machine and peripheral equipment business was HK$1,889,649,000, representing an increase of 68.9% as compared to the same period last year.
Specifically, the revenue from the PRC market was HK$1,449,404,000, representing an increase of 85.2% as compared to the same period last year. During the period, the automotive industry in China demonstrated a distinctive growth trend, driving the development of the automotive components industry.
Plastic Injection Moulding Machine
During the Period under Review, the revenue of the plastic injection moulding machine business of the Group was HK$785,449,000, representing an increase of 39.2% as compared to the same period last year. Downstream industries of plastic injection moulding machine, such as medical care, packaging, small home appliances, and daily necessities, saw sound demands. Manufacturers are actively investing in new equipment.
Computerised Numerical Controlled (CNC) Machining Centre
During the Period under Review, the revenue of the Group's CNC machining centre business was HK$98,420,000, representing an increase of 90.0% as compared to the same period last year. As the Group endeavoured to reduce operating costs and enhance inventory management, the loss was further improved during the period.
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L.K. Technology Holdings Limited published this content on 14 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 11:58:05 UTC.