Financial Performance - Revenue from contracts with customers for the six months ended December 31, 2020, was HK$951,987,000, an increase of 4.7% from HK$906,580,000 in 2019[8] - Gross profit for the same period was HK$150,875,000, up 43.9% from HK$104,763,000 in 2019[8] - Profit for the period was HK$40,602,000, a significant increase compared to HK$2,879,000 in 2019[18] - Total comprehensive income for the period was HK$84,347,000, compared to a loss of HK$4,994,000 in 2019[18] - Earnings per share for profit attributable to equity holders of the Company was HK$0.16, compared to HK$10.05 in the previous period[13] - The Group's operating profit for the same period was HK$55,459,000, compared to HK$51,705,000 in the previous year, indicating an increase of about 7%[162] - The Group's profit before income tax for the period was HK$51,705,000, reflecting an increase from the previous year's figure[162] Assets and Liabilities - Total assets as of December 31, 2020, amounted to HK$1,037,790,000, an increase from HK$994,839,000 as of June 30, 2020[22] - Total liabilities decreased to HK$466,634,000 from HK$504,318,000, reflecting a reduction of about 7.5%[29] - Total equity increased to HK$571,156,000 as of December 31, 2020, up from HK$490,521,000 at June 30, 2020, representing a growth of approximately 16.5%[26] - Non-current assets totaled HK$315,409,000, compared to HK$309,421,000 in the previous period[22] - The total assets less current liabilities reached HK$578,981,000, up from HK$501,180,000, showing an increase of approximately 15.5%[29] Cash Flow - For the six months ended December 31, 2020, net cash generated from operating activities was HK$84,292, an increase from HK$78,175 in the same period of 2019[96] - Cash and cash equivalents at December 31, 2020, amounted to HK$155,639, up from HK$139,617 at the end of 2019, representing an increase of 11.6%[96] - The company reported a net cash used in investing activities of HK$7,779, compared to HK$4,820 in the previous year, indicating a higher investment outflow[96] - The company incurred a repayment of bank loans totaling HK$62,572, significantly lower than HK$112,821 in the previous year, showing a decrease of 44.5%[96] Segment Performance - The Trading segment generated revenue of HK$652,386,000, while the Colorants segment contributed HK$176,961,000, and the Engineering plastic segment added HK$122,640,000[162] - Gross revenue from the Trading segment was HK$646,971,000, while the Colorants segment generated HK$187,627,000 and the Engineering plastic segment contributed HK$101,029,000[176] - Operating profit for the Group was HK$16,547,000, with the Trading segment reporting an operating loss of HK$10,539,000[176] Employee and Operational Expenses - Employee benefit expenses, including directors' emoluments, increased to HK$67,670,000 in 2020 from HK$51,726,000 in 2019[198] - Cost of inventories recognized as expenses in cost of sales was HK$755,021,000 in 2020, slightly up from HK$754,314,000 in 2019[198] - Depreciation of property, plant, and equipment rose to HK$8,725,000 in 2020 from HK$8,457,000 in 2019[198] Compliance and Accounting - The interim financial information has been prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34, ensuring compliance with relevant financial reporting standards[102] - The Group adopted amendments to HKFRS 9, HKAS 39, and HKFRS 7, which required retrospective adjustments in accounting policies[113] - The Group's financial risk management policies have not changed materially since the year-end of June 30, 2020[126] Other Financial Information - The company paid dividends of HK$3,712,000 to non-controlling interests during the reporting period[85] - Other reserves increased to HK$55,133,000 from HK$12,385,000, indicating a substantial rise in reserves[85] - The effect of foreign exchange rate changes resulted in an increase of HK$10,062 in cash and cash equivalents, compared to a decrease of HK$2,129 in the previous year[96]
毅兴行(01047) - 2021 - 中期财报