Financial Performance - Revenue for the six months ended January 31, 2022, was HKD 1,281,083, a decrease of 17.6% compared to HKD 1,554,721 for the same period in 2021[6]. - Gross profit increased to HKD 619,914, compared to HKD 290,582 in the previous year, reflecting a significant improvement in profitability[6]. - Operating profit for the period was HKD 349,684, a turnaround from an operating loss of HKD 59,362 in the prior year[6]. - The net loss for the period was HKD 119,777, a substantial reduction from a loss of HKD 494,095 in the same period last year[8]. - The company reported a basic and diluted loss per share of HKD 0.226, an improvement from HKD 1.348 in the previous year[6]. - The total comprehensive income for the period was HKD 1,213,073,000, compared to HKD 1,659,155,000 in the previous year[19]. - The company reported a loss attributable to owners of the company of HKD (446,124,000) for the period[19]. - The company reported a loss of HKD 74,853 during the period, impacting retained earnings negatively[15]. Comprehensive Income - Other comprehensive income for the period totaled HKD 405,495, compared to HKD 1,707,168 in the previous year, indicating a decrease in overall comprehensive income[8]. - The total comprehensive income attributable to owners of the company was HKD 322,402, compared to HKD 1,213,031 in the prior year[8]. - The company experienced a foreign exchange gain of HKD 375,528, compared to a gain of HKD 1,705,911 in the previous year[8]. - Other comprehensive income for the period included a foreign exchange gain of HKD 367,288, contributing positively to overall equity[15]. Assets and Liabilities - As of January 31, 2022, total non-current assets increased to HKD 25,379,546, up from HKD 24,503,832 as of July 31, 2021, representing a growth of approximately 3.56%[10]. - Current liabilities rose significantly to HKD 7,547,186 from HKD 4,185,761, indicating an increase of approximately 80.00%[10]. - The net current assets decreased to HKD 2,928,477 from HKD 6,449,273, reflecting a decline of approximately 54.73%[10]. - The company’s total liabilities increased to HKD 20,116,817,000 from HKD 19,687,268,000, reflecting a growth of approximately 2%[35]. - The company’s total liabilities classified as current liabilities were HKD 2,004,229,000, a decrease from HKD 2,289,675,000 in the previous year[51]. Cash Flow - The net cash flow from operating activities for the six months was HKD 583,059,000, down from HKD 874,300,000 in the prior year, indicating a decline of approximately 33.3%[21]. - The net cash flow used in investing activities was HKD (857,727,000), compared to HKD (996,587,000) in the previous year, showing an improvement of about 13.9%[21]. - The net cash flow from financing activities was HKD (91,880,000), a significant decrease from HKD 1,132,738,000 in the previous year[21]. - The company’s cash and cash equivalents stood at HKD 2,499,329, a decrease from HKD 2,819,615, indicating a decline of approximately 11.37%[10]. Revenue Breakdown - Revenue from property sales was HKD 798,043,000, compared to HKD 816,617,000 in the previous year, reflecting a decrease of about 2.4%[28]. - Property sales revenue decreased by 27.2% to HKD 798.0 million, down from HKD 1,095.8 million in the previous year[97]. - The total rental revenue for the group increased by 6.3% to HKD 472.8 million for the six months ended January 31, 2022, compared to HKD 444.7 million for the same period in 2021[114]. Future Plans and Strategy - The company plans to focus on market expansion and new product development to drive future growth[5]. - The company plans to continue focusing on property development and investment, as well as expanding its hotel and theme park operations[26]. - The company plans to consider expanding its land reserves in a timely manner, taking into account macroeconomic conditions and existing business in relevant cities[86]. - The company is committed to providing regular updates to its board, ensuring transparency and informed decision-making regarding its performance and future prospects[200]. Corporate Governance - The board of directors consists of 11 members, with a diverse background in real estate, investment, banking, accounting, finance, and law, ensuring comprehensive oversight of the company's operations[200]. - The company has complied with all corporate governance codes as per the Hong Kong Stock Exchange regulations during the reporting period[199]. - The company is focused on long-term sustainability and strategic planning to align with shareholder interests and stakeholder considerations[200].
丽丰控股(01125) - 2022 - 中期财报