2021-12-07-港交所-互太纺织_2021_2022中期报告_54页_1mb

Interim Report Summary (2021/22)

• Revenue Increase: The Group's revenue reached HK$3,162.9 million for the six months ended 30 September 2021, a 29.0% increase from the previous year.
• Profit Decline: Despite revenue growth, profit attributable to equity holders decreased by 7.4% to HK$347.7 million, attributed to higher production costs and inflation. However, excluding a one-time gain of HK$57.5 million, profits increased by 9.3%.
• Cost Increase: Cost of sales rose 33.5% to HK$2,700.8 million, largely due to higher raw material and fuel prices.
• Financial Position: At 30 September 2021, assets stood at HK$5,733.2 million, up 10% from the prior period. The Group maintained sufficient liquidity, supported by cash balances and loans.
• Outlook: The Group expects new products to offset production cost increases and maintain customer relationships amid economic uncertainties, including inflation and supply chain risks from COVID-19. A new Vietnam factory is under construction to ensure production capacity.
• Risk Management: Financial risks, including foreign exchange and interest rate fluctuations, are managed through hedging measures. The Group continues to focus on energy-saving and sustainable operations.
• Other Highlights: Increased dividend declarations and strategic investments in green and bio-based fabrics demonstrate commitment to innovation and market adaptation.

Details can be referenced from the full 104-page report.