Financial Performance - The group's revenue for the six months ended September 30, 2021, was HKD 135,234,000, a slight decrease of 1% from HKD 137,249,000 in the same period of 2020[6]. - Operating profit for the period was HKD 101,981,000, down from HKD 108,048,000, reflecting a decrease of approximately 5%[6]. - Net profit for the period surged to HKD 186,425,000, compared to HKD 23,276,000 in the previous year, indicating a significant increase of 703%[9]. - Earnings per share increased to HKD 12.73, compared to HKD 1.04 in the same period last year, representing a growth of 1,223%[6]. - The group reported a total comprehensive income of HKD 153,217,000 for the period, compared to HKD 6,075,000 in the previous year, marking a substantial increase[10]. - The company reported a profit of HKD 186,425,000 for the period, compared to HKD 39,509,000 in the previous year, marking an increase of approximately 371.5%[19]. Assets and Liabilities - The total assets of the group as of September 30, 2021, amounted to HKD 11,094,530,000, an increase from HKD 10,956,418,000 as of March 31, 2021[15]. - Total liabilities decreased slightly to HKD 2,460,197,000 from HKD 2,450,502,000, indicating stable financial management[15]. - The total equity as of September 30, 2021, was HKD 8,634,333,000, an increase from HKD 8,109,170,000 as of September 30, 2020, representing an increase of approximately 6.5%[19]. - The total bank borrowings amounted to HKD 2,281,000,000, with 87% of the borrowings subject to floating interest rates[91]. - The total debt to total assets ratio was 20.6% as of September 30, 2021, slightly down from 20.8% as of March 31, 2021[91]. Cash Flow and Dividends - For the six months ended September 30, 2021, the net cash generated from operating activities was HKD 99,052,000, an increase from HKD 90,134,000 in the same period of 2020, representing an increase of approximately 10.6%[21]. - The company declared an interim dividend of HKD 11,540,000, compared to no dividend declared in the same period last year[6]. - The company paid dividends amounting to HKD 24,800,000 during the period, which is the same as the previous year[21]. - The company proposed an interim dividend of HKD 0.01 per share for the six months ended September 30, 2021, compared to no dividend in the previous year[112]. Investment Properties - Non-current assets, primarily investment properties, increased to HKD 10,842,239,000 from HKD 10,745,295,000[13]. - The fair value of investment properties increased to HKD 7,945,500, up from HKD 7,789,800 as of March 31, 2021, reflecting a growth of approximately 2%[50]. - The fair value change of investment properties during the period increased to a gain of HKD 139,900,000, recovering from a loss of HKD 3,600,000 in the same period of 2020[79]. - The occupancy rate of the investment property in Kwun Tong, Hong Kong, decreased to 87% from 100% in 2020, contributing rental income of HKD 30,800,000[80]. - The property at 68 Yee Wo Street, Causeway Bay, contributed rental income of HKD 58,100,000 with a fair value increase of HKD 70,000,000, while its occupancy rate was 87%[80]. Financial Management and Governance - The company’s financial risk management policies have remained unchanged since the fiscal year ended March 31, 2021, focusing on interest rate, foreign exchange, credit, liquidity, and equity price risks[29]. - The audit committee, consisting 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, 2021[113]. - The company confirmed compliance with the corporate governance code and the standards set forth in the listing rules during the reporting period[117][118]. - The company has adopted the principles of the corporate governance code as per the listing rules and complied with applicable provisions[117]. Shareholder Information - As of September 30, 2021, the total number of ordinary shares held by major shareholders includes 283,200,215 shares (24.54%) by Forward Investments Inc. and 215,768,260 shares (18.70%) by Intercontinental Enterprises Corp.[107]. - Major shareholders include Asset-Plus Investments Ltd. with 115,351,866 shares (9.99%) and Prosperous Island Limited with 97,324,936 shares (8.43%)[107]. - The company has no outstanding share options that have not been exercised as of September 30, 2021, and no shares were bought, sold, or redeemed during the six-month period[111][114].
建生国际(00224) - 2022 - 中期财报