Financial Performance - For the six months ended June 30, 2024, the group's revenue was approximately HKD 60.2 million, an increase of about 8.5% compared to HKD 55.5 million in the same period last year[1]. - The net profit for the same period was approximately HKD 9.8 million, representing a significant increase of about 92.2% from HKD 5.1 million in the previous year[1]. - The basic and diluted earnings per share were approximately HKD 4.05, compared to HKD 2.26 in the same period last year[1]. - Revenue for the six months ended June 30, 2024, was HKD 60,196,000, an increase of 8.2% compared to HKD 55,467,000 for the same period in 2023[8]. - Profit attributable to owners of the company for the six months ended June 30, 2024, was HKD 9,808,000, up 93.5% from HKD 5,056,000 in 2023[13]. - Basic earnings per share increased to HKD 4.05, compared to HKD 2.26 for the same period last year, reflecting a growth of 79.9%[13]. - Net profit rose by approximately 92.2% from about HKD 5.1 million to approximately HKD 9.8 million during the reporting period[22]. Operational Performance - The gross profit margin improved, with gross profit reported at HKD 26.0 million, up from HKD 18.9 million year-on-year[2]. - The operating profit for the period was HKD 10.4 million, compared to HKD 5.7 million in the previous year, indicating strong operational performance[2]. - Gross profit increased from approximately HKD 18.9 million to about HKD 26.0 million, with the gross profit margin rising from approximately 34.1% to about 43.2%[22]. - Administrative and other operating expenses increased by approximately 14.8% to about HKD 14.7 million, mainly due to rising employee costs[22]. Assets and Liabilities - Total assets increased to HKD 80.2 million as of June 30, 2024, compared to HKD 71.5 million at the end of December 2023[3]. - Total equity rose to HKD 33.2 million from HKD 23.4 million at the end of December 2023, reflecting a solid capital position[3]. - Current liabilities were reported at HKD 43.2 million, slightly down from HKD 43.5 million at the end of December 2023[4]. - Total trade and other receivables as of June 30, 2024, amounted to HKD 18,636,000, compared to HKD 8,921,000 in 2023, indicating a significant increase[14]. - Trade payables as of June 30, 2024, were HKD 14,730,000, a decrease from HKD 16,354,000 in the previous year[16]. - The current ratio improved to approximately 1.6 as of June 30, 2024, compared to about 1.3 on December 31, 2023[23]. - Total assets were approximately HKD 80.2 million, with total liabilities and shareholders' equity at about HKD 47.0 million and HKD 33.2 million, respectively[23]. - The debt ratio decreased to approximately 57.5% as of June 30, 2024, down from about 87.6% on December 31, 2023[24]. Employee and Operational Strategy - Employee costs, including director remuneration, increased to HKD 24,770,000 from HKD 21,256,000, representing a rise of 11.8%[10]. - The employee cost for the reporting period was approximately HKD 24.8 million, with HKD 21.3 million incurred in the six months ending June 30, 2023[33]. - The company has 90 full-time employees as of June 30, 2024, an increase from 85 full-time employees as of December 31, 2023[33]. - The company continues to focus on providing concrete dismantling services primarily in Hong Kong and Macau, indicating a stable operational strategy[5]. - The management team aims to enhance profitability and maintain competitive advantages through effective resource management and a solid customer base[20]. Dividend and Share Capital - The group did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. - The company did not recommend the payment of dividends for the six months ended June 30, 2024, consistent with the previous year[12]. - As of June 30, 2024, the company's issued share capital is HKD 12,096,000, with 241,920,000 ordinary shares outstanding[26]. - On June 29, 2023, the company completed a rights issue, issuing 80,640,000 shares at a subscription price of HKD 0.185 per share, raising approximately HKD 13.8 million net of related expenses[26]. - The group proposed a rights issue of up to 80,640,000 shares at a price of HKD 0.185 per share, aiming to raise approximately HKD 14.9 million after expenses[19]. Risk and Commitments - The company faces currency risk primarily related to Macanese Pataca, but considers the foreign exchange risk to be not significant due to the peg with Hong Kong Dollar[30]. - The company has no significant capital commitments as of June 30, 2024, compared to approximately HKD 0.5 million as of December 31, 2023[27]. - The company has no significant contingent liabilities as of June 30, 2024[32]. - There are no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[28]. - The company has no other plans for significant investments or capital assets as of June 30, 2024[29]. Governance and Audit - The Audit Committee was established on November 22, 2016, to review and monitor the financial reporting process and internal control systems[45]. - The Audit Committee consists of three members, all of whom are independent non-executive directors[45]. - The unaudited condensed consolidated financial statements for the reporting period were reviewed by the Audit Committee[45]. - The Audit Committee believes that the financial statements comply with applicable accounting standards and listing rules[45]. - The company has adopted a share option scheme since November 22, 2016, with no options granted, exercised, cancelled, or terminated since its adoption[44]. Shareholding Structure - Major shareholders include Mr. Chen Yucheng and Mr. Guo Chuntian, each holding 39,270,000 shares, representing 16.23% of the total issued share capital[36]. - Mr. Guo Chuntian also holds 37,800,000 shares through Applewood Developments, accounting for 15.63% of the total issued share capital[37]. Securities Transactions - The company did not engage in any purchases, sales, or redemptions of its listed securities during the reporting period[40]. - The board does not recommend the payment of an interim dividend for the reporting period[43].
景联集团(01751) - 2024 - 中期业绩