Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 137,249,000, a decrease of 7.5% compared to HKD 148,834,000 in the same period of 2019[7] - Operating profit for the same period was HKD 108,048,000, down 8.5% from HKD 118,466,000 year-on-year[7] - Profit attributable to shareholders for the period was HKD 12,038,000, a significant decline of 85.5% compared to HKD 83,128,000 in the previous year[7] - Earnings per share decreased to HKD 1.04 from HKD 7.20, reflecting a drop of 85.6%[7] - The company reported a net profit of HKD 83,128,000 for the six months ended September 30, 2020, compared to HKD 112,152,000 in the same period last year, reflecting a decrease of approximately 25.9%[22] - The total comprehensive income for the period was HKD 76,021,000, down from HKD 105,045,000 year-over-year, indicating a decline of about 27.7%[22] - Cash generated from operating activities was HKD 90,134,000, a decrease from HKD 108,301,000 in the previous year, representing a decline of approximately 16.7%[24] Assets and Liabilities - Total assets as of September 30, 2020, amounted to HKD 10,566,633,000, a slight increase from HKD 10,557,389,000 as of March 31, 2020[12] - The group's total liabilities as of September 30, 2020, were HKD 2,457,463,000, compared to HKD 2,454,294,000 as of March 31, 2020, showing a marginal increase[40] - The company’s total equity as of September 30, 2020, was HKD 8,267,194,000, an increase from HKD 8,162,149,000 at the end of the previous period[22] - The company’s investment properties were valued at HKD 7,580,600, a slight decrease from HKD 7,584,000 as of March 31, 2020[56] Cash Flow and Investments - Cash and bank balances increased to HKD 396,732,000 from HKD 390,267,000, reflecting a growth of 1.2%[12] - The company incurred a cash outflow of HKD 58,500,000 for additional investments during the period, compared to HKD 388,000 in the previous year[24] - The company reported a net cash outflow from investing activities of HKD 49,043,000, contrasting with a net cash inflow of HKD 28,306,000 in the prior year[24] - The company’s cash flow from financing activities showed a net outflow of HKD 34,676,000, slightly higher than the outflow of HKD 34,312,000 in the previous year[24] Dividends and Shareholder Information - The company did not declare an interim dividend for the current period, compared to HKD 17,311,000 in the previous year[7] - The board has not recommended any interim dividend for the six months ended September 30, 2020, compared to HKD 0.015 per share in 2019[118] - Major shareholders include Forward Investments Inc. with 283,200,215 shares (24.54%) and Intercontinental Enterprises Corp. with 215,768,260 shares (18.70%) as of September 30, 2020[114] Operational Highlights - Revenue from property and hotel operations for the six months ended September 30, 2020, was HKD 130,648,000, down from HKD 138,658,000 in 2019, a decrease of 5.8%[38] - The rental income from the investment property in Kwun Tong was HKD 31.7 million, slightly down from HKD 32.7 million in 2019, with a 100% occupancy rate[85] - The property at 68 Yee Wo Street, Causeway Bay, contributed HKD 60.4 million in rental income, down from HKD 70.2 million in 2019, with an occupancy rate of 88%[85] - The InterContinental Hotel in Hong Kong recorded revenue of HKD 17,100,000 for the six months ended September 30, 2020, down from HKD 433,600,000 in the previous year, resulting in an operating loss of HKD 99,500,000[92] Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed and recommended the approval of the unaudited consolidated interim financial statements for the six months ended September 30, 2020[119] - The company has adopted and complied with the principles of the corporate governance code as set out in the Listing Rules during the six months ended September 30, 2020[123] - All directors confirmed compliance with the standards set out in the code of conduct for securities transactions during the entire period ended September 30, 2020[124]
建生国际(00224) - 2021 - 中期财报