Revenue and Profitability - Revenue for the six months ended September 30, 2020, was HK$3,227,537,000, an increase of 3.5% compared to HK$3,118,787,000 in the same period of 2019[17] - Profit for the period was HK$314,134,000, down 26.9% compared to HK$429,600,000 in the same period of 2019[17] - Earnings per share decreased to HK$0.97, down from HK$1.37 in the previous year[17] - Profit before taxation for the six months ended 30 September 2020 was HK$374,735,000, a decrease of 24.5% compared to HK$496,589,000 in 2019[62] - Profit attributable to the Company's shareholders dropped to HK$294 million from HK$415 million, resulting in earnings per share of HK$0.97, down from HK$1.37[196] Expenses and Costs - Gross profit decreased to HK$437,525,000, down 1.9% from HK$442,429,000 year-on-year[17] - Operating profit significantly declined to HK$269,706,000, a decrease of 41.1% from HK$456,700,000 in the previous year[17] - Finance costs decreased to HK$42,580,000 from HK$64,043,000, a reduction of 33.4%[17] - Administrative expenses slightly decreased to HK$181,444,000 from HK$184,765,000, a reduction of 1.8%[17] - Staff costs rose to HK$632,114,000, an increase of 5.5% from HK$598,916,000 in 2019[112] Income and Other Gains - Other income increased to HK$96,309,000, compared to HK$30,128,000 in the same period last year, reflecting a growth of 219.5%[17] - Share of results of associates and joint ventures rose to HK$124,560,000, up from HK$85,931,000, indicating a growth of 45.0%[17] - The Group reported a government grant of HK$61,427 for the six months ended September 30, 2020, which was not present in the same period of 2019[102] Assets and Liabilities - Non-current assets rose to HK$10,167,867,000 from HK$9,789,374,000, reflecting an increase of about 3.9%[24] - Current liabilities increased to HK$4,593,076,000 from HK$4,188,292,000, indicating a rise of approximately 9.7%[26] - Total assets increased to HK$17,623,607, up from HK$17,039,218 as of March 31, 2020, representing a growth of approximately 3.4%[91] - Total liabilities as of September 30, 2020, were HK$7,538,824, compared to HK$7,356,147 as of March 31, 2020, indicating an increase of about 2.5%[93] Cash Flow and Financing - Cash generated from operations for the six months ended September 30, 2020, was HK$132,129,000, an increase of 32.4% compared to HK$99,773,000 in 2019[39] - Net cash from operating activities was HK$54,916,000, a significant improvement from a net cash outflow of HK$853,000 in the same period last year[39] - Net cash used in financing activities was HK$198,832,000, an improvement from HK$370,871,000 in the same period last year[41] - The company reported a net cash outflow of HK$151,125,000 for the acquisition of a senior housing property[39] Segment Performance - The Group's segment profit amounted to HK$413,715,000, with the highest contribution from property development and operations at HK$202,212,000[54] - Revenue from contracts with customers recognized at a point in time was HK$1,115,029,000, while revenue recognized over time was HK$1,104,466,000[54] - The healthcare investment segment generated revenue of HK$562,794,000, contributing significantly to the Group's overall revenue[54] - Revenue from the Construction and Engineering segment decreased by 1% from HK$2,007 million to HK$1,985 million, while segment profit increased by 12% from HK$180 million to HK$202 million[196] Market and Economic Conditions - The Group's businesses are diversified, providing strong resilience to the impact of economic downturns due to the COVID-19 pandemic[44] - The Directors remain cautious about the ongoing development of COVID-19, which may cause further volatility and uncertainty in the global financial market and economy[44] - The Group will take necessary measures to address the impact arising from COVID-19[44] Accounting and Reporting - The accounting policies applied in the condensed consolidated interim financial statements are consistent with those described in the annual consolidated financial statements for the year ended 31 March 2020[46] - The Group is currently assessing the impact of new accounting standards on its consolidated financial statements, which may affect future reporting[48] - The Group's financial statements should be read in conjunction with the annual consolidated financial statements for the year ended 31 March 2020[44]
CHEVALIER INT'L(00025) - 2021 - 中期财报