Revenue Performance - Group revenue for the six months ended June 30, 2021, was HKD 327,075,000, a 56.5% increase from HKD 209,024,000 in the same period of 2020[3] - Toy business revenue reached HKD 213,988,000, up 154.5% from HKD 83,988,000 year-on-year[3] - Total revenue for the six months ended June 30, 2021, was HKD 327.1 million, up from HKD 209.0 million in the same period of 2020, reflecting a significant increase in sales[23] - Revenue from external customers for the six months ended June 30, 2021, was HKD 488,905,000, an increase of 83.5% compared to HKD 266,507,000 for the same period in 2020[61] - The revenue from the Americas, particularly the US, was HKD 187,359,000, up 196.5% from HKD 63,168,000 in 2020[61] Profit and Loss - The group reported a net loss attributable to shareholders of HKD 64,610,000, an improvement from a loss of HKD 264,505,000 in the same period last year[3] - The operating loss for the first half of 2021 was HKD 37.1 million, a significant reduction from HKD 272.8 million in the same period of 2020[23] - The total comprehensive income for the first half of 2021 was HKD 46.4 million, compared to a total comprehensive loss of HKD 306.0 million in the same period of 2020[24] - The company reported a total loss before tax of HKD 41,374,000 for the six months ended June 30, 2021[50] - The company reported a pre-tax loss of HKD 64,610,000 for the six months ended June 30, 2021, compared to a loss of HKD 264,505,000 in the same period of 2020[72] Gross Profit and Margins - The gross profit margin for toy sales increased to 52% from 46% year-on-year, attributed to reduced R&D and packaging costs[14] - The gross profit for the first half of 2021 was HKD 216.0 million, compared to HKD 154.6 million in the same period of 2020, indicating a gross margin improvement[23] Investment and Property - Property investment and related business revenue decreased by 7.8% to HKD 111,837,000 compared to HKD 121,335,000 in the previous year[4] - Total rental income from investment properties was HKD 96,200,000, down 7.7% from HKD 104,200,000 year-on-year, with an overall occupancy rate of 67%[6] - The fair value of the group's investment properties was assessed at HKD 5,500,000,000, with a revaluation loss of HKD 142,880,000 recorded[4] - The group plans to balance its investment property portfolio to achieve capital appreciation and recurring income growth[12] - The company’s investment properties had a net book value of HKD 5,499,727,000 as of June 30, 2021, down from HKD 5,797,618,000 as of June 30, 2020[75] Cash Flow and Financing - Operating cash generated for the six months ended June 30, 2021, was $14,487,000, an increase from $67,881,000 in the same period of 2020[31] - Net cash generated from operating activities was $13,688,000, compared to $35,780,000 in the prior year[31] - Cash and cash equivalents increased by $8,406,000, resulting in a total of $198,632,000 as of June 30, 2021, compared to $1,476,738,000 in the previous year[33] - The company reported a net cash outflow from financing activities of $10,484,000, compared to an outflow of $84,705,000 in the same period of 2020[33] - The company received $76,000 from the sale of subsidiaries, a decrease from $5,490,000 in the previous year[31] Assets and Liabilities - The group’s total assets as of June 30, 2021, were HKD 6.68 billion, slightly down from HKD 6.75 billion as of December 31, 2020[27] - The net asset value as of June 30, 2021, was HKD 6.42 billion, compared to HKD 6.50 billion as of December 31, 2020[29] - The company’s total liabilities were HKD 1,089,472,000, with property investment liabilities at HKD 827,745,000[55] - The company’s debt-to-asset ratio was 10.5%, up from 10.0% on December 31, 2020[114] - The current ratio as of June 30, 2021, was 2.2, compared to 2.4 on December 31, 2020[114] Shareholder Information - The company paid dividends to shareholders amounting to $16,181,000, which is a significant increase from $63,495,000 in the same period of 2020[33] - The company declared an interim dividend of HKD 31,350,000 for the six months ended June 30, 2021, slightly down from HKD 31,635,000 in 2020[69] - The company repurchased 2,500,000 shares at an average price of HKD 0.92, resulting in a total cost of HKD 2,319,000, which has been deducted from the share premium account[90] - Chen Junhao holds 1,345,400,000 shares, representing 64.37% of the company's total issued shares[136] - TGC Assets Limited owns 1,073,400,000 shares, accounting for 51.36% of the company's total issued shares[136] Corporate Governance - The company has adopted the corporate governance code principles and complied with all applicable code provisions, except for the role of Chairman and CEO being held by one individual[140] - The company has not designated a CEO, with the board overseeing management and operations collectively[140] - The company’s board structure will be reviewed regularly to ensure robust corporate governance[140] - The company has confirmed compliance with the standard code for securities trading by its directors during the reporting period[143]
彩星集团(00635) - 2021 - 中期财报