(Incorporated in Bermuda with limited liability)

2021/22

INTERIM REPORT 中期報告

告

報

期

中

Financial Highlights

For the six months

ended 30 September

2021

2020

Change

(Unaudited)

(Unaudited)

RESULTS HIGHLIGHTS (HK$'000)

Revenue

1,557,052

1,030,042

51%

Profit before tax

165,668

101,269

64%

Profit attributable to equity holders

of the Company

123,162

73,187

68%

Total assets

4,459,165

3,866,656

15%

Shareholders' equity

3,082,758

2,808,113

10%

Issued share capital

63,053

63,053

0%

Net current assets

2,054,677

1,886,356

9%

PER SHARE DATA

Basic earnings per share (HK cents)

19.5

11.6

68%

Cash dividends per share (HK cents)

5.2

4.5

16%

Net assets per share (HK dollars)

4.9

4.5

9%

KEY FINANCIAL RATIOS

Return on average shareholders' equity (%)

4.1

2.7

52%

Return on average total assets (%)

2.8

2.0

40%

CHEN HSONG HOLDINGS LIMITED INTERIM REPORT 2021/22

1

Corporate Information

Honorary Chairman

Dr. Chen CHIANG, GBM

Directors

Executive Directors

Ms. Lai Yuen CHIANG (Chairman and Chief Executive Officer)

Mr. Stephen Hau Leung CHUNG

Independent Non-executive Directors

Mr. Bernard Charnwut CHAN

Mr. Anish LALVANI

Mr. Michael Tze Hau LEE

Mr. Johnson Chin Kwang TAN

Audit Committee

Mr. Anish LALVANI (Chairman)

Mr. Bernard Charnwut CHAN

Mr. Michael Tze Hau LEE

Mr. Johnson Chin Kwang TAN

Remuneration Committee

Mr. Bernard Charnwut CHAN (Chairman)

Mr. Anish LALVANI

Mr. Michael Tze Hau LEE

Mr. Johnson Chin Kwang TAN

Ms. Lai Yuen CHIANG

Nomination Committee

Mr. Johnson Chin Kwang TAN (Chairman)

Mr. Bernard Charnwut CHAN

Mr. Anish LALVANI

Mr. Michael Tze Hau LEE

Corporate Governance

Mr. Michael Tze Hau LEE (Chairman)

Committee

Mr. Bernard Charnwut CHAN

Mr. Anish LALVANI

Mr. Johnson Chin Kwang TAN

Company Secretary

Mr. Chi Ngai CHAN

Authorized Representatives

Ms. Lai Yuen CHIANG

Mr. Chi Ngai CHAN

2

CHEN HSONG HOLDINGS LIMITED INTERIM REPORT 2021/22

Auditor

Ernst & Young

Registered Public Interest Entity Auditor

Principal Bankers

China Construction Bank (Asia) Corporation Limited

Hang Seng Bank Limited

Industrial and Commercial Bank of China (Asia) Limited

The Hongkong and Shanghai Banking Corporation Limited

Principal Share Registrar

MUFG Fund Services (Bermuda) Limited

4th Floor North

Cedar House

41 Cedar Avenue

Hamilton HM 12

Bermuda

Branch Share Registrar

Tricor Tengis Limited

Level 54, Hopewell Centre

183 Queen's Road East

Hong Kong

Registered Office

Victoria Place

5th Floor, 31 Victoria Street

Hamilton HM 10

Bermuda

Head Office & Principal

13-15 Dai Wang Street

Place of Business

Tai Po Industrial Estate

Tai Po, New Territories

Hong Kong

Corporate Communications &

Ms. Staeley CHAK

Investor Relations

Tel: (852) 2665 3888

Fax: (852) 2664 8202

E-mail: comm@chenhsong.com

Website: www.chenhsong.com

Stock Code

00057

CHEN HSONG HOLDINGS LIMITED INTERIM REPORT 2021/22

3

Interim Results

The board of directors (the "Board") of Chen Hsong Holdings Limited (the "Company") announces that the unaudited consolidated profit attributable to equity holders of the Company for the six months ended 30 September 2021 amounted to HK$123,162,000, as compared with the profit attributable to equity holders of HK$73,187,000 for the corresponding period of last year. Basic earnings per share for the six months ended 30 September 2021 was HK19.5 cents, as compared with the basic earnings per share of HK11.6 cents for the corresponding period of last year. These unaudited interim results have been reviewed by the Company's Audit Committee.

Condensed Consolidated Income Statement

For the six months ended 30 September 2021

Six months ended

30 September

2021

2020

(Unaudited)

(Unaudited)

Notes

HK$'000

HK$'000

REVENUE

2

1,557,052

1,030,042

Cost of sales

(1,163,346)

(750,554)

Gross profit

393,706

279,488

Other income and gains, net

40,361

42,840

Selling and distribution expenses

(161,062)

(116,647)

Administrative expenses

(78,927)

(66,898)

Other operating expenses, net

(28,656)

(37,312)

Finance costs

(642)

(1,038)

Share of profits less losses of associates

888

836

PROFIT BEFORE TAX

3

165,668

101,269

Income tax expense

4

(40,741)

(27,948)

PROFIT FOR THE PERIOD

124,927

73,321

ATTRIBUTABLE TO:

123,162

Equity holders of the Company

73,187

Non-controlling interests

1,765

134

124,927

73,321

EARNINGS PER SHARE ATTRIBUTABLE TO

EQUITY HOLDERS OF THE COMPANY

6

19.5

Basic (HK cents)

11.6

Diluted (HK cents)

19.5

11.6

4

CHEN HSONG HOLDINGS LIMITED INTERIM REPORT 2021/22

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Chen Hsong Holdings Limited published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2021 08:27:07 UTC.