利民实业2023年中期报告

Management Statement管理層報告書 20236306202363062023630 The board (the “Board”) of directors (the “Directors”)of Raymond Industrial Limited (the “Company”) herebypresents the unaudited interim financial information forthe six months ended 30 June 2023 of the Company andits subsidiaries (collectively, the “Group”). The condensedconsolidated statement of profit or loss, condensedconsolidated statement of profit or loss and othercomprehensive income of the Group for the six monthsended 30 June 2023 and the condensed consolidatedstatement of financial position of the Group as at 30 June2023, along with selected explanatory notes, are unauditedbut have been reviewed by the Company’s audit committee(the “Audit Committee”) together with the Company’sindependent auditor, RSM Hong Kong. BUSINESS HIGHLIGHTS 2023648,916,0002022568,455,00014.15%25,662,00020228,617,000197.81% The Group’s revenue was HK$648,916,000 in the first sixmonths of 2023, representing an increase of approximately14.15% compared with turnover for the correspondingperiod in 2022 (HK$568,455,000). The Group’s netprofit was HK$25,662,000 compared with a net profitof HK$8,617,000 for the corresponding period in 2022,representing an increase of approximately 197.81%. Thesignificant increase in net profit was attributable to thefact that the Group’s business has recovered in the postCOVID-19 era and controlled expenses together with aseries of favourable macroeconomic factors: strong UnitedStates Dollars (“USD”), appreciating British pounds anddepreciating Renminbi (“RMB”), rising interest ratesthat increased the Group’s interest income. Despiteresumption of normal life globally outside the People’sRepublic of China (“PRC” or “China”) and Hong Kong ledto lower demand for air purification products, the Grouphad successfully launched new consumer products thatconsumers would purchase in the post COVID-19 era. Management Statement (Continued)管理層報告書（續） BUSINESS HIGHLIGHTS(Continued) 20232023 During the first six months of 2023, although the Group’smanagement faced uncertainties arising from the risinginterest rates that caused inflationary pressures and lowersales demand worldwide, the Group had been able tomeet current and new customers in person via face-to-face meetings as business travel resumed, and generatednew business and identify new business opportunities innew product categories. To improve the cash flow further,the Group opted to exercise financial prudence to reducesafety stock for contingency planning as supply chainnormalized, and to optimize fixed costs by investing in newmachineries prudently to support launch of a series ofnew products. Our management team expects to find newcustomers and discuss new opportunities to develop morenew products during the second half of 2023 amid all theuncertainties around the world. 202354ISO27001 On 4 May 2023, the Group successfully obtainedISO27001 certification, certifying that the Group’sinformation technology (“IT”) system has adoptedsatisfactory cybersecurity measures to protect data privacy.Furthermore, the Group’s enterprise resource planning(“ERP”) and IT system can achieve safe and securedata management, and safeguard important digital andintangible assets to give our stakeholders confidence inour ability to protect our data integrity. Management Statement (Continued)管理層報告書（續） 2023 PROSPECTS IN THE SECOND HALF OF2023 2023 The Group’s management anticipates strong challengesduring the second half of 2023 due to continuousgeopolitical tensions and economic uncertainties. TheGroup’s management expects external events can play amuch larger role in determining an organization’s destiny,and the Group’s management needs to react quickly toformulate a new and effective strategy to counter thedisruptive market forces emerging from the businessecosystem in which the Group operates. The Group’sinvestment in research and development (“R&D”) enablesus to maintain the High and New Technology Enterprise(“HNTE”) status for the seventh consecutive year, andallows the Group to use new knowledge, patents andinnovations to grow our business despite a punctuatedequilibrium in the business ecosystem. The Group’smanagement will remain resilient to tackle any immediatemarket downturns and form stronger partnership withour strategic customers to adapt to the new businessecosystem. 2023MicrosoftPower BI In the year 2023, the Group will continue to invest andpromote computerization of manufacturing. The Grouphas integrated our ERP system with new financial analyticsoftware such as Microsoft Power BI to enable detailedfinancial analytics to help the Group’s management teammake wise decisions on important strategic tasks quicklyand to unlock the Group’s full operational potential. Byanalyzing the profit margins of different product lines,the cash and inventory real time positions, and the latestaccounts receivables and payables status, the Group’smanagement can address the entire value chain to openup new busine