Revenue Performance - The group's revenue for the six months ended September 30, 2020, was HKD 981.1 million, a decrease of 42.7%[18] - Revenue in Hong Kong dropped by 47.4% due to a severe retail environment caused by the COVID-19 pandemic[18] - Revenue from luxury goods sales was HKD 957,381, down 43.4% from HKD 1,693,303 in the same period last year[63] - Revenue from external customers in Hong Kong for the six months ended September 30, 2020, was HKD 737,681,000, down 47.4% from HKD 1,403,553,000 in 2019[73] - The group's reported segment revenue for the six months ended September 30, 2020, was HKD 981,057,000, a decrease of 42.7% from HKD 1,712,925,000 in the same period of 2019[69] Profitability - Net profit attributable to equity shareholders was HKD 133.4 million, compared to HKD 119 million in 2019[18] - The investment portfolio generated a net profit of HKD 62.2 million, up from HKD 11.8 million in 2019[18] - The group achieved over 100% profit growth in Taiwan during the review period, driven by improved consumer sentiment and gross margin growth[19] - Operating profit decreased to HKD 151,132,000, a decline of 20.3% from HKD 189,716,000 in the previous year[28] - Total comprehensive income attributable to equity shareholders was HKD 150,012,000, up 31.8% from HKD 113,791,000 in the prior year[38] Cost Management - Strict cost control measures will be maintained across all operational levels to navigate the challenging retail environment[22] - The company experienced a decrease in accounts receivable and prepayments by HKD 67,926, contrasting with an increase of HKD 42,233 in the previous year[52] - The company paid dividends amounting to HKD 185,276, an increase from HKD 107,673 in the previous year[52] Cash Flow and Liquidity - Operating cash flow before changes in working capital was HKD 163,056, a decrease from HKD 778,501 in the previous year[52] - Net cash from operating activities was HKD 425,763, compared to HKD 838,187 in the previous year, reflecting a decline of 49.1%[52] - Cash and cash equivalents at the end of the period were HKD 3,368,488, up from HKD 2,319,344 year-on-year[52] - The company's cash flow from investment activities was HKD 104,371, down from HKD 413,676 in the previous year[52] Asset and Liability Management - Non-current assets decreased to HKD 1,270,945,000 from HKD 1,358,878,000, a decline of 6.4%[45] - Current liabilities decreased to HKD 1,831,699,000 from HKD 1,892,598,000, a reduction of 3.2%[45] - The company's net assets decreased to HKD 2,937,937,000 from HKD 2,973,201,000, reflecting a decline of 1.2%[45] - The total non-current assets as of September 30, 2020, amounted to HKD 119,085,000, compared to HKD 161,459,000 as of March 31, 2020[73] Market Outlook - The outlook for the retail environment in Hong Kong is pessimistic, with potential further increases in unemployment and weakened consumer sentiment[21] - The group plans to continue seeking new investment opportunities to diversify and expand its profit base[22] Employee and Governance - As of September 30, 2020, the group employed 802 staff, down from 997 in 2019, with total employee costs amounting to HKD 112.9 million, a decrease from HKD 237.8 million in 2019[136] - The group has established an investment committee consisting of four members, chaired by the group executive chairman, to enhance governance and investment oversight[148] - The company has adhered to the corporate governance code principles and all provisions, except for the specific provision regarding the CEO's responsibilities, which are currently fulfilled by the group executive chairman[144] Shareholder Returns - The company declared an interim dividend of HKD 0.08 per ordinary share, representing a payout ratio of 23.63%, compared to 26.50% in 2019, with a total amount of approximately HKD 31.54 million[140] - The interim dividend declared was HKD 31,536,000, consistent with the previous year's interim dividend[80] - The group did not repurchase any shares in the six months leading up to September 30, 2020, following a buyback of 5,795,500 shares in the previous fiscal year[94]
迪生创建(00113) - 2021 - 中期财报