信佳国际中期报告 2023/24

Contents目錄 2Corporate Information4Financial Highlights5Chairman’s Statement7CEO Message11Management Discussion and Analysis18Other Information24Condensed Consolidated Interim Balance Sheet26Condensed Consolidated Interim Income Statement27Condensed Consolidated Interim Statement of Comprehensive Income28Condensed Consolidated Interim Statement of Changes in Equity30Condensed Consolidated Interim Cash Flow Statement31Notes to the Condensed Consolidated Interim Financial Information CORPORATE OBJECTIVE企業目標 To become a technologically advanced and innovative company inAsia and the preferred partner by providing comprehensiveelectronics solutions and building a pet health ecosystem. MISSION STATEMENT企業使命 We contribute to the advancement of society by providing peoplewith quality products and employing advanced technology, withprotecting the environment always in mind. We hire and nurtureprofessionals and, together, we march towards our goals in pacewith time. Putting customers first, we provide them with the bestproducts and services, assuring win-win results. Corporate Information公司資料 BOARD OF DIRECTORSExecutive DirectorsDr. Ng Chi Ho(Chairman)Dr. Ng Man Cheuk Non-Executive Directors * Mr. Ma Fung On*Mr. Lee Kam HungProf. Luk Wing Ching Independent Non-Executive Directors Mr. Leung Yu Ming, StevenMr. Chan Kit WangDr. Cheung Nim Kwan (resigned on 15 October 2023)Dr. Law Sui Chun (appointed on 1 October 2023) COMPANY SECRETARY Ms. Zeng Zhi AUDIT COMMITTEE Mr. Leung Yu Ming, StevenMr. Chan Kit WangDr. Cheung Nim Kwan (resigned on 15 October 2023)Dr. Law Sui Chun (appointed on 1 October 2023) AUDITOR PricewaterhouseCoopersCertified Public Accountants and Registered PIE Auditor LEGAL ADVISER MinterEllison LLP PRINCIPAL BANKERS UFJ Bank of China (Hong Kong) LimitedCitibank, N.A.DBS Bank (Hong Kong) LimitedMUFG Bank, Ltd.Standard Chartered Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation Limited Corporate Information公司資料 REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS B22 22nd Floor, Tower B, Billion Centre1 Wang Kwong Road, Kowloon BayKowloon, Hong Kong BERMUDA PRINCIPAL SHARE REGISTRAR MUFG Fund Service (Bermuda) Limited26 Burnaby StreetHamilton HM 11Bermuda MUFG Fund Service (Bermuda) Limited26 Burnaby StreetHamilton HM 11Bermuda HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong PUBLIC RELATIONS CONSULTANT 1824 Strategic Financial Relations Limited24th Floor, Admiralty Centre I18 Harcourt RoadHong Kong CONTACTS (852) 2953 0383(852) 2953 1523www.suga.com.hk912 Telephone: (852) 2953 0383Facsimile: (852) 2953 1523Website: www.suga.com.hkStock code: 912 Financial Highlights財務摘要 RevenueGross ProfitGross Profit marginOperating profitProfit attributable to owners of the CompanyBasic earnings per share (HK cents)EBITDAEBITDA Margin Interest coverage ratioInventory turnover daysDebtors turnover daysReturn on average equity Chairman’s Statement主席報告 On behalf of the Board of Directors, I hereby present the interim results of SugaInternational Holdings Limited (the“Company”) together with its subsidiaries(“SUGA”or the“Group”) for the six months ended 30 September 2023. 717,500,000743,600,0003.5% In the first half of 2023/24, the situations and business environment worldwidestill faced many challenges, including central banks raising interest rates, highinflation rates and geopolitical conflicts. Such factors dictating, companiestended to adopt more conservative strategies. However, with the globalmarket coming out from the shadow of the pandemic, raw material supply andlogistics network operation gradually returned to healthy levels, driving growthof some emerging demand. The Group adopted a flexible strategy to expeditethe digestion of inventories built up during the pandemic, while seizingopportunities to expand its product portfolio, and that had enabled it to securenew orders and expanded its revenue source during the review period. TheGroup recorded turnover of HK$717.5 million (1H 2022/23: HK$743.6 million),representing a slight decrease of 3.5% as compared to last correspondingperiod. +1 SUGA’s stable development in the past few years is owed much to our forward-thinking management. The Group decided to implement the“China Plus One”strategy as early as 2018, even though it had not yet been affected by the Sino-US trade war. Taking into account the potential impacts of the trade war andthe pressure of rising production costs, the management decided to takeprecautions and make multi-regional deployment of production capacity, andcame 2020, SUGA further expanded its production scale in Vietnam. Currently,our factory in Vietnam boasts production efficiency on par with those of ourproduction