2022-09-29-港交所-常达控股_二零二二年中期报告_46页_3mb

Corporate Information

• Company Structure: Strong corporate governance; audit committee led by Ms. Luk Mei Yan (Chairman). Executive Director: Mr. Chan Sing Ming Barry (Chairman, CEO). Independent Non-Executive Directors: Mr. Lam Chor Ki Dick, Mr. Lee Tak Cheong, Ms. Luk Mei Yan. Remuneration, Nomination, and Audit Committee.
• Registered Office: Second Floor, Century Yard, Cricket Square, P.O. Box 902, Grand Cayman, KY1-1103, Cayman Islands.
• Hong Kong Place of Business: 1/F, Wing Ming Industrial Centre, 15 Cheung Yue Street, Lai Chi Kok, Kowloon, Hong Kong.
• Banking: Main Bankers: HSBC, Bank of China (HK), Dah Sing Bank.
• Auditor: Ernst & Young.
• Stock Code: 1433.
• Website: http://www.cirtek.com.

Management Discussion and Analysis

• Revenue Growth: Revenue increased 36.1% to HK$212.8 million (YoY 2021: HK$156.4 million).
• Gross Profit Margin: Maintained at 40.5% (2021: 42.9%).
• Profitability: Profit attributable to owners of the Company jumped fourfold to HK$9.3 million.
• Outlook: Anticipate global economic recovery, strong positions due to global presence and diverse product offerings, including RFID technology and environmental solutions.

Corporate Governance

• Compliance with listing rules and corporate governance code.
• Continuous monitoring and review by Audit Committee on interim financial information.
• Disclosure of commitments, related party transactions, and unfulfilled conditions for government grants.

Financial Highlights

• Revenue: HK$212.8 million (up 36.1% YoY).
• Gross Profit Margin: 40.5%.
• Net Profit: HK$9.3 million (up 338% YoY).
• Cash and Cash Equivalents: HK$95.5 million (down 6.4% YoY).
• Net Current Assets: HK$98.7 million.

Key Financial Indicators

• Gearing Ratio: 2.9% (2021: 3.4%).
• Current Ratio: 1.82 times (unchanged YoY).
• Foreign Exchange Exposure: Minimal adverse effects.

Upcoming Events

• Acquisition of Print100 completed; establishing new production capacity in Bangladesh and expansion in Turkey.
• Exploration of RFID technology and sustainable, eco-friendly products.
• Major growth expected from increased use of RFID in logistics and retail sectors, and sustainability demands.

Summary above.