Financial Performance - The company reported a revenue of HKD 8,160,000 for the six months ended June 30, 2021, a decrease of 94.4% compared to HKD 144,761,000 in the same period of 2020[19]. - The gross profit for the period was HKD 6,618,000, down from HKD 71,229,000, reflecting a significant decline in sales[19]. - The company incurred a loss of HKD 110,275,000 for the period, compared to a loss of HKD 18,158,000 in the previous year, indicating a worsening financial position[21]. - Basic loss per share was HKD 1.54, compared to HKD 0.35 in the prior period, highlighting increased losses on a per-share basis[17]. - The company reported a total comprehensive loss of HKD 107,462,000 for the period, compared to a loss of HKD 25,276,000 in the previous year[22]. - The group reported a loss of HKD 33,929,000 for the six months ended June 30, 2021, compared to a profit of HKD 27,996,000 in the same period of 2020[40]. - The company recorded a pre-tax loss of HKD 107,121 thousand for the six months ended June 30, 2021, compared to a loss of HKD 24,276 thousand for the same period in 2020[70]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 4,418,451,000, an increase from HKD 4,010,953,000 at the end of 2020[23]. - Non-current assets totaled HKD 1,911,548,000, up from HKD 1,851,243,000, indicating growth in long-term investments[23]. - The total current liabilities increased to HKD 2,503,939 thousand as of June 30, 2021, compared to HKD 2,101,821 thousand as of December 31, 2020, representing an increase of approximately 19.1%[24]. - The total non-current liabilities rose to HKD 1,814,507 thousand as of June 30, 2021, up from HKD 1,701,665 thousand as of December 31, 2020, indicating an increase of about 6.6%[24]. - The company’s total liabilities increased to HKD 4,318,446 thousand as of June 30, 2021, compared to HKD 3,803,486 thousand as of December 31, 2020, marking an increase of approximately 13.5%[24]. - The total amount of contract liabilities as of June 30, 2021, was HKD 1,278,063,000, compared to HKD 754,137,000 as of December 31, 2020, reflecting an increase[82]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2021, was HKD 83,873 thousand, compared to HKD 167,679 thousand for the same period in 2020, reflecting a decrease of approximately 50%[29]. - The company reported a net cash outflow from investing activities of HKD 50,243 thousand for the six months ended June 30, 2021, compared to HKD 121,477 thousand for the same period in 2020, indicating a decrease of about 58.7%[29]. - The company’s financing activities resulted in a net cash outflow of HKD 46,583 thousand for the six months ended June 30, 2021, compared to a net cash inflow of HKD 5,664 thousand for the same period in 2020[28]. - The cash and cash equivalents at the end of the period increased to HKD 106,319 thousand, up from HKD 56,129 thousand at the beginning of the period, showing a net increase of HKD 51,866 thousand[30]. Revenue Breakdown - Revenue from property sales was HKD 454,000 for the six months ended June 30, 2021, compared to HKD 133,032,000 in the same period of 2020, indicating a decrease of about 99.6%[43]. - Revenue from health product sales was HKD 258,000 for the six months ended June 30, 2021, down from HKD 3,305,000 in the same period of 2020, reflecting a decline of approximately 92.2%[43]. - The group generated franchise income of HKD 7,189,000 for the six months ended June 30, 2021, compared to HKD 6,584,000 in the same period of 2020, showing an increase of about 9.2%[43]. Corporate Governance - The company maintains a high standard of corporate governance and has complied with the corporate governance code as of June 30, 2021[149]. - The board believes that having the same individual serve as both chairman and CEO provides strong leadership and effective decision-making for the group[149]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial information for the period ending June 30, 2021[159]. Future Outlook and Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[19]. - The group anticipates stable income from ongoing real estate projects in Zhongshan, Zhuhai, and Chengdu, expected to complete between Q4 2021 and Q4 2022[133]. Employee and Shareholder Information - The group employed a total of 138 staff as of June 30, 2021, an increase from 126 staff as of December 31, 2020[132]. - The company has significant shareholdings, with major shareholders holding over 5% of the issued shares, including 富偉國際控股有限公司 with 3,087,027,152 shares, representing a substantial portion of the total[144].
富元国际集团(00542) - 2021 - 中期财报