2021-09-27-港交所-超盈国际控股_二零二一年中期报告_78页_2mb

BEST PACIFIC INTERNATIONAL HOLDINGS LIMITED 2021 INTERIM REPORT SUMMARY

Company Information

• Name: BEST PACIFIC INTERNATIONAL HOLDINGS LIMITED / 超盈國際控股有限公司
• Listing: HKEX Stock Code: 2111
• Corporate Structure: Public company incorporated in the Cayman Islands, wholly-owned subsidiary Grandview Capital Investment Limited controls the Group.
• Board: Underrepresented Hong Kong presence; Chairman Lu Yuguang, CEO Zhang Haitao, CFO & Company Secretary Chan Yiu Sing.

Financial Performance (Q1-2021)

• Revenue: HK$2.08 billion (+47.6% YoY).
• Segment Growth: Sportswear (+54.0%), elastic fabric (+45.1%), elastic webbing (+63.1%), lingerie flat year-on-year.
• Gross Profit: HK$507 million (+48.4%), margin 24.4%.
• Net Profit: HK$168.7 million (+118.6% YoY), attributable to owners HK$175.2 million.
• Earnings Per Share: Basic earnings per share HK$16.85 (+105.2% YoY).
• Cost Pressures: Raw material costs up 47.3% d/o June 2020; margins maintained through operational efficiency and pricing adjustments.

Business Highlights

• Global Recovery: Benefited from post-COVID spending in athleisure and lingerie markets.
• Strategic Investments: Maintained flexibility in manufacturing bases (Vietnam, Sri Lanka).
• Tax Optimisation: Operations in Vietnam (tax holiday), Sri Lanka (14% rate), and China (15% for eligible subsidiaries).
• Capital Expenditure: HK$104 million in Q1-2021, focused on capacity expansion in Vietnam in response to growth.

Corporate Governance

• Director Compliance: Adhered to Hong Kong Code on Corporate Governance and Listing Rules.
• Contingent Liabilities: Managed effectively; no material risks identified.
• Shareholder Returns: Declared interim dividend of HK$7.5 per share.
• Share-based Incentives: Share option scheme in place since 2014, no grants yet this year.

Summary Length: Approximately 350 words.
Summarized monthly data and key investment highlights to align with standard financial journalism practices.