Financial Performance - For the six months ended September 30, 2022, the group recorded revenue of approximately HKD 248.1 million, an increase of about HKD 43.1 million or 21.0% compared to the same period in 2021[3]. - The net profit attributable to the owners of the company for the six months ended September 30, 2022, was approximately HKD 29.5 million, an increase of about HKD 9.8 million or 50.0% compared to HKD 19.7 million for the same period in 2021[4]. - The gross profit for the six months ended September 30, 2022, was HKD 43.6 million, compared to HKD 33.6 million for the same period in 2021, reflecting an increase of approximately 29.0%[8]. - The basic earnings per share for the six months ended September 30, 2022, was 10.54 HKD cents, compared to 7.03 HKD cents for the same period in 2021, representing an increase of approximately 49.0%[8]. - Revenue increased by approximately 21.0% from about HKD 205.1 million for the six months ended September 30, 2021, to about HKD 248.1 million for the same period in 2022, driven by higher sales of various seafood products[70]. Cash Flow and Assets - The group’s cash and cash equivalents as of September 30, 2022, were HKD 42.9 million, a decrease from HKD 48.8 million as of March 31, 2022[11]. - The company reported a net cash decrease of HKD 5,891,000 for the six months ended September 30, 2022, with cash and cash equivalents at the end of the period totaling HKD 42,874,000, compared to HKD 24,086,000 in the previous year[24]. - The total assets less current liabilities as of September 30, 2022, amounted to HKD 211.3 million, an increase from HKD 190.9 million as of March 31, 2022[14]. - The company had no bank borrowings as of September 30, 2022, maintaining a low debt ratio of approximately 0.2%[82]. Revenue Breakdown - The revenue from crab and roe products for the six months ended September 30, 2022, was HKD 32,504,000, up from HKD 19,244,000 in the same period of 2021, reflecting a growth of 68.5%[38]. - The revenue from shrimp products for the six months ended September 30, 2022, was HKD 59,880,000, compared to HKD 27,811,000 in the same period of 2021, indicating a growth of 115.5%[38]. - The revenue from frozen seafood wholesalers for the six months ended September 30, 2022, was HKD 240,528,000, an increase from HKD 103,080,000 in the same period of 2021, showing a growth of 133.2%[41]. - The revenue from fish products for the six months ended September 30, 2022, was HKD 34,402,000, compared to HKD 15,634,000 in the same period of 2021, reflecting a growth of 120.2%[38]. - The revenue from scallops, oysters, and clams for the six months ended September 30, 2022, was HKD 76,749,000, up from HKD 26,553,000 in the same period of 2021, representing a growth of 189.5%[38]. Expenses and Costs - The cost of goods sold for the six months ended September 30, 2022, was approximately HKD 204.5 million, up about 19.3% from HKD 171.5 million for the same period in 2021, with the increase being lower than the revenue growth[71]. - Total inventory costs recognized as expenses for the six months ended September 30, 2022, amounted to HKD 204,492,000, up from HKD 171,463,000 in the previous year, indicating a growth of about 19%[51]. - Administrative expenses remained relatively stable at HKD 4.1 million for the six months ended September 30, 2022, compared to HKD 4.0 million for the same period in 2021, reflecting a slight increase of about 2.6%[75]. Shareholder Information - The company reported a total of 201,600,000 shares held by major shareholders, representing a 72% ownership stake[92]. - The company’s major shareholders include Chen Jianfeng and Xie Chunxia, both holding 201,600,000 shares, which is 72% of the total shares[91]. - The company has not engaged in any buybacks or sales of its listed securities during the six months ending September 30, 2022[96]. - No stock options were granted, exercised, expired, or lapsed during the six months ending September 30, 2022, and there are no unexercised stock options remaining[102]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[104]. - The company recognizes the importance of good corporate governance practices in its management and internal procedures[103]. - The company has adopted the GEM listing rules as its code of conduct for securities trading by directors, confirming compliance since the listing date[98]. - The company has not disclosed any interests or positions that may constitute competition or conflict of interest with its business during the reporting period[97]. Future Outlook - The company anticipates ongoing challenges due to uncertainties related to the COVID-19 pandemic and plans to enhance cost-saving measures while monitoring the impact on operations and financial performance[66]. - The company has established sales agency arrangements with several new overseas suppliers and will continue to seek exclusive agency or sales arrangements to expand its product portfolio[69].
大洋环球控股(08476) - 2023 - 中期财报