Media Division Performance - Media division revenue for the first half of fiscal year 2022 reached HKD 326.9 million, a significant increase of 89.4% compared to HKD 172.6 million in the first half of fiscal year 2021[9] - The media division's gross profit for the first half of fiscal year 2022 was HKD 207.4 million, up from HKD 86.9 million in the same period last year[9] - Total signed contract value for the media division reached a record high, increasing by 54.4% compared to the first half of fiscal year 2021, driven by expansion in core markets such as the US, UK, China, Hong Kong, and South Korea[10] - The media division's revenue for the first half of fiscal year 2022 also showed a 24.6% increase compared to pre-COVID-19 levels in the first half of fiscal year 2020[9] - The media segment achieved a gross profit of HKD 207.4 million in the first half of the fiscal year 2022, an increase of HKD 120.4 million or approximately 138.5% compared to the same period in fiscal year 2021[11] - The gross profit margin for the media segment increased significantly to 63.4% in the first half of fiscal year 2022, up 13.0 percentage points from 50.4% in the same period of fiscal year 2021[11] - The company anticipates continued growth in media contracts as brands shift marketing budgets from traditional to digital channels due to the COVID-19 pandemic[7] - The company expects the growth momentum in the media division to continue and accelerate throughout the remainder of fiscal year 2022[9] - The media segment's operating profit was HKD 137,340 thousand, compared to HKD 48,934 thousand in the previous year, showing a growth of 180.5%[70] E-commerce and Retail Performance - E-commerce and retail segment revenue increased by 1.0% to HKD 113.9 million in the first half of fiscal year 2022, with gross profit rising by HKD 10 million or 24.5% to HKD 51 million[12] - The average retail price of sold products on HBX.com rose from approximately HKD 969 to HKD 1,050, while the average transaction value increased by 8.1% to HKD 1,929 in the first half of fiscal year 2022[12] - The e-commerce and retail segment reported an operating profit of HKD 1,303 thousand, a decrease from HKD 2,212 thousand year-over-year[70] Financial Overview - For the six months ended September 30, 2021, the group's revenue was HKD 440,837,000, an increase from HKD 285,452,000 for the same period in 2020, representing a growth of approximately 54.5%[54] - The gross profit for the same period was HKD 258,362,000, compared to HKD 127,896,000 in 2020, indicating a significant increase of about 102.1%[54] - The net profit for the period was HKD 62,974,000, compared to HKD 20,889,000 in 2020, marking an increase of approximately 201.5%[54] - The overall gross profit margin improved to approximately 58.6% in the first half of fiscal year 2022, up from 44.8% in the same period of fiscal year 2021[16] - The pre-tax profit for the group was HKD 79,538 thousand, compared to HKD 27,134 thousand in the previous year, indicating a substantial increase of 193.5%[70] Assets and Liabilities - As of September 30, 2021, the group's total assets amounted to approximately HKD 682.8 million, an increase from HKD 581.6 million as of March 31, 2021[25] - The total liabilities of the group increased to HKD 247,284 thousand from HKD 220,342 thousand, representing an increase of 12.2%[73] - The group's inventory balance increased from approximately HKD 42.4 million as of March 31, 2021, to HKD 54.3 million as of September 30, 2021, reflecting a procurement level returning to pre-COVID-19 levels[26] - The group's capital-to-debt ratio was approximately 2.0% as of September 30, 2021, up from 1.7% as of March 31, 2021, due to new bank borrowings in the first half of the 2022 fiscal year[31] Expenses and Profitability - Selling and marketing expenses increased by 43.7% to HKD 71.4 million in the first half of fiscal year 2022, with the revenue percentage decreasing from 17.4% to 16.2%[22] - Administrative and operating expenses rose by 74.4% to HKD 93.5 million in the first half of fiscal year 2022, with the revenue percentage increasing from 18.8% to 21.2%[22] - Employee costs for the six months ended September 30, 2021, amounted to approximately HKD 112,500,000, up from HKD 63,700,000 in the previous year, reflecting an increase of around 76.5%[44] Shareholder and Corporate Governance - The company has adopted the corporate governance code as per the Main Board Listing Rules, with the exception of code provision A.2.1, which states that the roles of Chairman and CEO should be separate[183] - The company believes that having the same individual serve as both Chairman and CEO provides strong and consistent leadership[183] - The company has maintained high levels of corporate governance to ensure transparency and accountability, which is crucial for gaining stakeholder trust[183] Share Options and Compensation - The company has established a pre-IPO share option plan to incentivize eligible participants for their contributions to the group's performance and growth[118] - The total expense recognized for share options granted by the company during the six months ended September 30, 2021, was approximately HKD 3,214,000, compared to HKD 1,536,000 for the same period in 2020[197] - The company reported a total compensation of HKD 3,030,000 for key management personnel during the period, compared to HKD 923,000 for the same period last year[162]
HYPEBEAST(00150) - 2022 - 中期财报