Financial Performance - Revenue for the six months ended September 30, 2021, was HK$1,859,457,000, an increase of 37% compared to HK$1,359,410,000 for the same period in 2020[2]. - Gross profit for the same period was HK$577,477,000, representing a gross margin of approximately 31%[2]. - Profit for the period was HK$167,117,000, a significant increase from HK$57,608,000 in the prior year, reflecting a growth of 189%[3]. - Total comprehensive income for the period was HK$186,668,000, compared to HK$84,102,000 in the previous year, marking an increase of 122%[3]. - Earnings per share for the period were 34.19 HK cents, up from 10.19 HK cents in the same period last year, indicating a substantial improvement[3]. - The company reported a profit before taxation of HK$247,763,000, compared to HK$102,630,000 in the prior year, an increase of 142%[2]. - The Group's profit before taxation for the six months ended September 30, 2021, was HK$247,763,000, compared to HK$102,630,000 for the same period in 2020, reflecting a significant increase of 141.5%[30]. - The Group's earnings per share for the six months ended 30 September 2021 was HK$0.1666, significantly higher than HK$0.0581 in the previous year[45]. Assets and Liabilities - As of September 30, 2021, total assets amounted to HK$2,148,633,000, an increase from HK$1,998,776,000 as of March 31, 2021, reflecting a growth of approximately 7.5%[5]. - Net current assets decreased to HK$1,508,526,000 from HK$1,546,303,000, indicating a decline of about 2.4%[6]. - The company's net assets stood at HK$1,987,147,000, slightly down from HK$1,990,549,000, representing a decrease of approximately 0.2%[6]. - Non-current liabilities increased to HK$301,656,000 from HK$284,508,000, showing a rise of about 6%[6]. - The total equity attributable to owners of the company was HK$1,987,550,000, a minor decrease from HK$1,991,495,000, reflecting a change of approximately 0.2%[6]. - Current liabilities totaled HK$640,107,000, up from HK$452,473,000, indicating an increase of around 41.5%[5]. - The Group's total liabilities as of September 30, 2021, were HK$941,763,000, up from HK$736,981,000 as of March 31, 2021[33]. Cash Flow and Investments - Net cash from operating activities increased to HK$342,720,000, up 25.8% from HK$272,377,000 in the same period last year[13]. - Net cash used in investing activities was HK$47,202,000, a decrease from a net cash inflow of HK$18,858,000 in the previous year[14]. - The company reported a net increase in cash and cash equivalents of HK$262,545,000, compared to HK$153,063,000 in the prior year[14]. - Cash and cash equivalents at the end of the period amounted to HK$1,334,548,000, up from HK$1,101,930,000 year-over-year[14]. - The company raised new bank loans totaling HK$28,708,000 during the period[14]. - The company’s repayment of bank loans was HK$1,667,000, down from HK$2,000,000 in the prior year[14]. Dividends - The company declared a 2021 interim dividend of HK$79,388,000, which is a continuation of its dividend policy[8]. - The interim dividend declared was 8.6 HK cents per share, totaling HK$41,913,000, compared to 2.8 HK cents per share totaling HK$13,646,000 in the same period of 2020, marking a 196.4% increase[44]. - A special dividend of 25.8 HK cents per share was declared, totaling HK$125,738,000, compared to 9.2 HK cents per share totaling HK$44,837,000 in the previous year, reflecting a 180.5% increase[44]. Inventory and Receivables - The company reported inventories of HK$511,893,000, down from HK$622,768,000, which is a decrease of approximately 17.8%[5]. - Trade and other receivables were reported at HK$226,018,000, a decrease from HK$286,023,000, reflecting a decline of about 21%[5]. - The Group's trade receivables amounted to HK$203,467,000, a decrease of 23.3% from HK$265,217,000 as of March 31, 2021[71]. - The allowance for credit losses on trade receivables was HK$4,374,000, down from HK$4,690,000, indicating improved credit quality[71]. Share Capital and Options - The total number of share options outstanding as of September 30, 2021, was 28,560,000, with no options exercised during the period[91]. - The Company has share option schemes for eligible directors, employees, consultants, customers, suppliers, or advisors, aimed at incentivizing performance[83]. - The Company’s authorized share capital remained unchanged at 1,000,000,000 ordinary shares of HK$0.10 each as of September 30, 2021[80]. - The issued and fully paid share capital as of September 30, 2021, was HK$57,036,000, representing 570,358,224 shares[81]. Corporate Governance - The Audit Committee has reviewed the consolidated financial statements for the six months ended September 30, 2021[152]. - The Board of Directors consists of three executive directors and three independent non-executive directors[165]. - The Audit Committee is composed of three independent non-executive directors and has updated its terms of reference according to corporate governance codes[166]. - The company has adopted the standard code of conduct for securities transactions as per the listing rules[165].
东方表行集团(00398) - 2022 - 中期财报