Financial Performance - The company reported a profit attributable to owners of approximately HKD 31.0 million for the six months ended January 31, 2021, representing an increase of about 11.9% compared to HKD 27.7 million for the same period in 2020[7]. - Earnings per share for the period was approximately HKD 3.10, up about 11.9% from HKD 2.77 in the previous year[9]. - Revenue for the six months ended January 31, 2021, was HKD 262.2 million, a decrease from HKD 351.0 million in the same period of 2020, reflecting a decline of approximately 25.3%[9]. - Gross profit for the period was HKD 48.8 million, down from HKD 56.3 million in the previous year, indicating a decrease of about 13.4%[9]. - Operating profit for the period was HKD 37.0 million, slightly down from HKD 37.1 million in the previous year, indicating a marginal decrease of about 0.2%[9]. - The total comprehensive income for the period was HKD 30,957,000, compared to HKD 27,688,000 for the same period in 2020, reflecting an increase of 8.2%[25]. - The company's profit for the period attributable to owners was HKD 30,957,000, an increase of 11.8% from HKD 27,688,000 in the prior year[38]. - The cost of goods sold for the six months ended January 31, 2021, was HKD 126,359,000, down from HKD 225,552,000 in the same period of 2020, indicating a reduction of approximately 44%[37]. - The cost of revenue for the period was approximately HKD 213.4 million, a decrease of about 27.6% from approximately HKD 294.7 million in the same period last year[61]. - Gross profit decreased to approximately HKD 48.8 million, down about 13.3% from approximately HKD 56.3 million, with a gross margin of approximately 18.6%[62]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.015 per share, expected to be paid on April 27, 2021[8]. - The company paid dividends of HKD 10,000,000 during the period[25]. Assets and Financial Position - Total assets as of January 31, 2021, were HKD 445.4 million, compared to HKD 426.2 million as of July 31, 2020, showing an increase of about 4.9%[12]. - The company's net asset value increased to HKD 422.9 million from HKD 401.9 million, reflecting a growth of approximately 5.3%[12]. - As of January 31, 2021, the current ratio was approximately 3.7 times, up from about 3.3 times on July 31, 2020, indicating improved liquidity[70]. - The group reported an asset-to-equity ratio of approximately 17.3% as of January 31, 2021, down from about 19.1% on July 31, 2020, reflecting a stronger financial position[70]. - The group had cash and bank balances of approximately HKD 72.0 million as of January 31, 2021, an increase from about HKD 69.3 million on July 31, 2020, primarily due to operating cash inflows[70]. Government Support and Grants - The company received subsidies from the Hong Kong government's "Employment Support Scheme," contributing to the profit growth[7]. - Government grants received during the period amounted to HKD 7,142,000, compared to none in the previous year[25]. - Other income and net gains increased by approximately 406.3% to about HKD 8.1 million, mainly due to a subsidy of approximately HKD 7.1 million from the Hong Kong government's "Employment Support Scheme"[63]. Operational Highlights - Sales of heavy equipment and parts amounted to HKD 147,597,000, down 44.2% from HKD 264,775,000 in the previous year[25]. - Rental income from heavy equipment increased to HKD 109,041,000, up 30.0% from HKD 83,904,000 in the prior year[25]. - The company continues to focus on expanding its heavy equipment rental services in Hong Kong[26]. - The company remains cautiously optimistic about the heavy equipment sales and rental outlook, driven by ongoing large-scale infrastructure projects in Hong Kong[57]. - The company plans to increase its supplier base and product mix to strengthen its competitive advantage in the heavy equipment market[57]. Employee and Operational Costs - The total employee cost for the period was approximately HKD 60.6 million, compared to about HKD 41.8 million for the six months ended January 31, 2020, indicating increased investment in human resources[77]. - Administrative and other operating expenses decreased by about 3.5% to approximately HKD 19.4 million from approximately HKD 20.1 million in the previous period[64]. - Financing costs decreased significantly to HKD 1.3 million from HKD 3.6 million, a reduction of approximately 63.6%[9]. Corporate Governance and Structure - The chairman and CEO roles are not separated, as the chairman is also a founder and has been managing the group since its establishment in 2001[86]. - The board believes that the dual role of the chairman and CEO aligns with the interests of the group's business operations and management[86]. - The company has complied with all applicable corporate governance code provisions during the reporting period[86]. - The interim results and report for the period were unaudited but reviewed by the audit committee, which consists of three independent non-executive directors[95]. Risks and Uncertainties - The financial status, operational performance, and business outlook of the group may be affected by various risks and uncertainties[93]. - The group has no foreign currency hedging policy in place and will continue to monitor foreign currency risks closely[72]. Miscellaneous - The group had no major acquisitions or disposals during the period, with capital commitments of approximately HKD 1.0 million as of January 31, 2021[73]. - The group employed 240 full-time employees as of January 31, 2021, an increase from 211 employees on July 31, 2020, reflecting growth in operations[77]. - As of January 31, 2021, Generous Way Limited holds 750,000,000 shares, representing 75% of the company's issued shares[84]. - The company has not granted or agreed to grant any share options under the share option scheme since its adoption on June 30, 2017, and there are no unexercised options as of January 31, 2021[87]. - There were no significant events affecting the group after January 31, 2021, up to the report date[94]. - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the reporting period[91].

Financial Performance - The company reported a 32.9% increase in net profit attributable to shareholders, reaching approximately HKD 51.3 million for the year ended July 31, 2020, compared to HKD 38.6 million for the previous year[30]. - Earnings per share rose to HKD 5.13, up 32.9% from HKD 3.86 in the prior year[30]. - Total revenue for the year ended July 31, 2020, was approximately HKD 628.8 million, an increase of about HKD 56.8 million or 9.9% from approximately HKD 572.0 million for the year ended July 31, 2019[43]. - Gross profit increased to approximately HKD 107.1 million, an increase of about 33.2% from approximately HKD 80.4 million for the previous year, with a gross margin of 17.0% compared to 14.1% the previous year[50]. - The company reported a profit attributable to shareholders of approximately HKD 51.3 million for the year ended July 31, 2020, representing an increase of about 32.9% compared to HKD 38.6 million for the year ended July 31, 2019[38]. - Revenue from heavy equipment rental increased to approximately HKD 170.5 million, a rise of about HKD 104.7 million or 159.1% compared to HKD 65.8 million for the previous year[45]. - Revenue from sales of heavy equipment and parts decreased to approximately HKD 452.4 million, down by about HKD 49.6 million or 9.9% from approximately HKD 502.0 million for the previous year[44]. Dividends - The total cash dividend for the year is HKD 2.5 per share, which includes a final dividend of HKD 1.0 and a special dividend of HKD 1.5, compared to HKD 0.5 per share in the previous year[30]. - The proposed final dividend is HKD 0.01 per share, which, if approved, will result in a total cash dividend of HKD 0.025 per share for the year ended July 31, 2020, compared to HKD 0.005 per share for the year ended July 31, 2019[58]. - The company reported a total cash dividend of HKD 2.5 per share for the year ended July 31, 2020, compared to HKD 0.5 per share in 2019, reflecting a significant increase of 400%[115]. Business Operations - The leasing business saw a significant pre-tax contribution growth of 106.0% due to demand driven by large infrastructure and reclamation projects[31]. - Major ongoing projects include the Lantau/Heung Yuen Wai Boundary Control Point, Shatin to Central Link, and the Hong Kong International Airport Three Runway System, with completion dates ranging from 2021 to 2027[30]. - The company continues to serve notable public and private project clients in Hong Kong, contributing to its operational growth despite challenging global conditions[30]. - The company has not reported any significant changes in its main business operations for the year ended July 31, 2020[107]. - The company has established safety, quality, and environmental management systems to meet customer requirements, highlighting its commitment to operational excellence[112]. Market Outlook - The company remains optimistic about the heavy equipment sales and rental market in Hong Kong, driven by planned infrastructure projects and strict environmental regulations[34]. - The company anticipates an average annual investment of HKD 100 billion in public works projects by the Hong Kong government over the next few years, which is expected to drive demand for heavy equipment[39]. - The company remains cautiously optimistic about the outlook for heavy equipment sales and rentals despite uncertainties related to the COVID-19 pandemic[39]. Management and Governance - The company is led by Chairman and CEO Mr. Zhou, who has over 22 years of experience in the heavy equipment industry[78]. - The company has a strong management team with diverse backgrounds in engineering, finance, and business development[78][83]. - The management team has a focus on strategic planning and business development to drive future growth[85]. - The company is committed to maintaining high standards of corporate governance and compliance, as evidenced by the experience of its independent directors[90]. - The board consists of seven directors, with non-executive directors (including independent non-executive directors) making up over 50% of the board members[191]. Employee and Operational Metrics - The group employed 211 full-time employees as of July 31, 2020, an increase from 117 employees as of July 31, 2019[170]. - The total employee cost for the year ended July 31, 2020, was approximately HKD 92.6 million, compared to HKD 30.6 million for the previous year[170]. - The company has been actively managing risks to minimize operational and financial uncertainties, emphasizing the importance of risk management practices[110]. Financial Position - The current ratio improved to approximately 3.3 times as of July 31, 2020, compared to approximately 2.3 times as of July 31, 2019, primarily due to a reduction in bank borrowings by approximately HKD 61.2 million[62]. - The debt-to-equity ratio decreased to approximately 19.1% as of July 31, 2020, from approximately 36.7% as of July 31, 2019[62]. - The cost of revenue for the year ended July 31, 2020, was approximately HKD 521.7 million, an increase of about HKD 30.0 million or 6.1% from approximately HKD 491.7 million for the previous year[49]. Risk Management - The company has been focusing on maintaining compliance with relevant laws and regulations, ensuring its operations are aligned with legal requirements[113]. - The company has no foreign currency hedging policy but will continue to monitor foreign currency risks closely[72]. Shareholder Information - As of July 31, 2020, Generous Way Limited holds 750,000,000 shares, representing 75% of the company's issued shares[160]. - The company has no arrangements that would allow directors to profit from acquiring shares or debt securities of the company or any other entity during the fiscal year ending July 31, 2020[163]. - The company has not identified any competing businesses or interests held by directors or controlling shareholders that could pose a conflict of interest[167].