01 Notable Profitability Under COVID-19

-15.4%

Revenue

2020 H1

552

2019 H1

653

(RMB MM)

-6.0%

Net Profit

2020 H1

82

2019 H1

87

(RMB MM)

Gross

Margin

Net Profit

Margin

+0.3ppts

2020 H1

28.8%

2019 H1

28.5%

+1.4ppts

2020 H1

14.8%

2019 H1

13.4%

1

02 Financial Highlights

(RMB'000

2020 H1

2019 H1

YoY

Revenue

552,453

653,143

-15.4%

Gross profit

159,093

186,202

-14.6%

Gross margin (%)

28.8%

28.5%

+0.3ppts

Operating Expenses

112,535

114,389

-1.6%

Net Profit

81,999

87,244

-6.0%

Net Profit margin (%)

14.8%

13.4%

+1.4ppts

Dividend per share (HK cents)

- Interim

3.0

4.0

Dividend payout ratio

27.3%

34.3%

EPS (RMB cents)

- Basic

9.9

10.6

-6.6%

- Diluted

9.9

10.6

-6.6%

Revenue Structure

Continues to Optimize

90.0%

83.6%

82.1%

78.7%

80.0%

69.2%

70.0%

59.3%

60.0%

50.0%

40.7%

40.0%

30.8%

30.0%

17.9%

21.3%

20.0%

16.4%

10.0%

Embedded software & secure payment products Platform and service

2

03 Operating Expenses

(RMB'000

2020 H1

2019 H1

2018 H1

Amount

As % of

Amount

As % of

Amount

As % of

Revenue

Revenue

Revenue

Revenue

552,453

100.0%

653,143

100.0%

632,973

100.0%

Operating expenses

112,535

20.4%

114,389

17.5%

114,338

18.1%

- R&D expenses

49,580

9.0%

51,434

7.9%

51,809

8.2%

- Sales and

45,056

8.2%

44,385

6.8%

45,445

7.2%

distribution expenses

- Administrative

17,899

3.2%

18,570

2.8%

17,084

2.7%

expenses

3

04 Key Financial Indicators

Indicators

As at

As at

As at

30 Jun, 2020

31 Dec, 2019

30 Jun, 2019

Inventories RMB '000

193,560

184,676

220,250

Inventory turnoverdays

87

71

84

Account receivablesRMB '000

412,018

328,337

460,629

A/R turnoverdays

121

96

121

Current assetsRMB '000

1,971,775

1,922,784

1,847,592

Current liabilitiesRMB '000

496,366

597,536

530,724

Current ratio (times)

4.0

3.2

3.5

Total AssetsRMB '000

2,494,545

2,635,228

2,506,202

Net AssetsRMB '000

1,960,716

2,004,404

1,948,390

Available FundsRMB '000

1,390,951

1,617,136

1,353,581

4

05 Net Assets & Available Funds

Steady Growing Net Assets & AvailableFunds

Net assets (RMB MM)

Net assets per share (yuan)

Total available funds (RMB MM)

Available funds per share (yuan)

2,500

2.02

2,000

1,500

1.37

1,000

1,680

5001,142

-

2.17

1.46

1,807

1,218

2.23

1.51

1,863

1,261

2.29

1.66

1,912

1,387

2.34

1.62

1,948

1,354

2.35 2.50

2.00

1.67

1.50

1,960 1.00

1,391

0.50

-

2015-6-30

2016-6-30

2017-6-30

2018-6-30

2019-6-30

2020-6-30

5

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Goldpac Group Ltd. published this content on 15 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2021 04:12:05 UTC.