Financial Performance - For the six months ended September 30, 2021, the operating revenue was HKD 430,559,000, a decrease of 10% compared to HKD 476,513,000 in the same period of 2020[3] - The profit attributable to the owners of the company for the same period was HKD 35,356,000, down 12% from HKD 40,109,000 in 2020[3] - Basic and diluted earnings per share decreased to HKD 4.73 from HKD 5.37, representing a 12% decline[3] - Gross profit for the six months was HKD 111,381,000, compared to HKD 101,402,000 in the previous year, indicating an increase of 9.5%[7] - The total comprehensive income for the period was HKD 37,608,000, down from HKD 46,495,000, a decrease of 19%[11] - The company reported a net profit of HKD 34,756 for the period, after accounting for income tax expenses of HKD 21,365[40] - The company recorded a net profit of HKD 35 million for the period, down from HKD 40 million in the same period last year[105] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 753,000,000, an 8% decrease from HKD 815,000,000 as of March 31, 2021[3] - The total assets as of September 30, 2021, amounted to HKD 752,513, with reportable segment assets of HKD 722,286[44] - The total liabilities as of September 30, 2021, were HKD 300,710, with reportable segment liabilities of HKD 256,106[44] - The company's total liabilities as of September 30, 2021, were HKD 101,342,000, slightly up from HKD 99,917,000 as of March 31, 2021[76] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 118,386, an increase of 127.5% compared to HKD 52,116 in 2020[20] - The total cash and cash equivalents at the end of the period were HKD 145,412, up from HKD 84,045 in the previous year, reflecting a growth of 73.0%[20] - The company’s total cash balance was HKD 145 million, up from HKD 131 million as of March 31, 2021, primarily due to increased operating cash flow[105] Dividends - The company declared an interim dividend of HKD 40,046,000, which was not applicable in the previous year[3] - The company declared an interim dividend of HKD 0.0536 per share for the six months ended September 30, 2021, compared to no dividend in the same period of 2020[134] Shareholder Information - Major shareholder Ms. Lin Jinfeng holds 441,484,400 shares, representing approximately 59.09% of the total issued share capital[125] - Major shareholder Shih Hsiung International Limited holds 291,210,668 shares, representing approximately 38.98% of the total issued share capital[125] - Major shareholder Chanchhaya Trustee Holding Corporation holds 59,176,800 shares, representing approximately 7.92% of the total issued share capital[125] Operational Highlights - The company plans to focus on its core retail business while also developing its leasing property segment, having acquired two prestigious residential properties in London in previous years[108] - The company aims to enhance operational efficiency and cost-effectiveness in its stores in China, where it currently operates six locations[108] - The company anticipates that the luxury retail market in China will continue to improve as the COVID-19 pandemic is further controlled[108] Employee Information - The company employed a total of 119 employees as of September 30, 2021, offering competitive compensation packages[137] - The company’s employee costs, including directors' fees and remuneration, amounted to HKD 26,277,000 for the six months ended September 30, 2021, down from HKD 28,555,000 in 2020[57] Risk Management and Governance - The financial risk management policies have remained unchanged since the end of the last fiscal year, indicating stability in risk management practices[29] - The board will continue to review and improve the company's corporate governance practices to ensure proper regulation of business operations and decision-making processes[117] Other Financial Metrics - The company incurred total interest expenses of HKD 2,981,000 for the six months ended September 30, 2021, compared to HKD 5,242,000 in 2020, reflecting a decrease of 43.93%[57] - The company's debt-to-equity ratio was 21% as of September 30, 2021, down from 40% as of March 31, 2021[105] - The gross profit margin increased by 5% to 26% due to an improved product mix with higher margins[104]
ASIA COMM HOLD(00104) - 2022 - 中期财报