Financial Performance - Revenue for the six months ended December 31, 2019, was HK$77,444,000, representing an increase of 7.5% compared to HK$72,355,000 in the previous period[7]. - Gross profit for the same period was HK$43,905,000, up from HK$41,466,000, indicating a growth of 5.9%[7]. - Profit before taxation increased to HK$6,320,000, a rise of 50.7% from HK$4,194,000 in the previous period[11]. - Profit for the period was HK$6,133,000, compared to HK$3,848,000 in the previous period, reflecting a significant increase of 59.3%[11]. - Total comprehensive income for the period was HK$6,479,000, compared to a loss of HK$1,256,000 in the previous period[12]. - Earnings per share for the period was HK$0.03, compared to HK$0.02 in the previous period, reflecting a 50% increase[12]. - Interest income for the period was HK$1,232,000, showing an increase from HK$57,000 in the previous year[121]. - Basic earnings per share attributable to owners of the Company for the period was HK$3,848,000, compared to HK$6,133,000 in the previous year[156]. - Diluted earnings per share for the six months ended 31 December 2019 were the same as the basic earnings per share, as there were no potential ordinary shares outstanding during both periods[158]. Assets and Liabilities - Net assets increased to HK$73,767,000 as of December 31, 2019, compared to HK$67,458,000 as of June 30, 2019, marking an increase of 9.4%[21]. - Total equity as of December 31, 2019, was HK$73,767,000, up from HK$67,458,000, indicating a growth of 9.4%[21]. - Cash and cash equivalents at the end of the period were HK$79,570,000, compared to HK$55,174,000 at the end of the previous period, showing an increase of approximately 43.5%[33]. - The Group's inventories as at 31 December 2019 totaled HK$21,525,000, down from HK$24,227,000 as at 30 June 2019[171]. - Trade receivables as at 31 December 2019 were HK$22,545,000, a slight decrease from HK$22,889,000 as at 30 June 2019[182]. - Other receivables increased significantly to HK$20,195,000 as at 31 December 2019, compared to HK$9,099,000 as at 30 June 2019[182]. - The provision for impairment loss for other receivables decreased to HK$5,593,000 as at 31 December 2019 from HK$5,808,000 as at 1 July 2019[190]. - Trade payables decreased to HK$992,000 as at 31 December 2019 from HK$3,954,000 as at 30 June 2019[192]. - Other payables increased to HK$45,089,000 as at 31 December 2019 from HK$35,595,000 as at 30 June 2019[192]. Cash Flow - Net cash used in operating activities was HK$3,638,000, an improvement from HK$9,607,000 in the previous period, reflecting a decrease of approximately 62%[33]. - The company reported cash used in operations of HK$3,451,000, a significant improvement from HK$9,472,000 in the previous period[33]. - The company incurred a net cash used in investing activities of HK$2,636,000, which is an increase from HK$1,685,000 in the previous period[33]. Accounting Policies and Standards - The company has applied certain amendments to Hong Kong Financial Reporting Standards for the first time during the current period[38]. - The Group has applied HKFRS 16 for the first time in the current interim period, which supersedes HKAS 17 "Leases"[43]. - The application of new HKFRS and amendments to HKFRSs has had no material impact on the Group's financial performance and positions for the current and prior periods[43]. - The Group's accounting policies have undergone significant changes due to the application of HKFRS 16, particularly in the recognition and measurement of leases[51]. - The Group presents right-of-use assets as a separate line item on the condensed consolidated statement of financial position[55]. - The Group has applied HKFRS 16 retrospectively with the cumulative effect recognized at the date of initial application, July 1, 2019[78]. - The Group does not reassess contracts which already existed prior to the date of initial application[73]. Revenue Recognition - Total revenue for the six months ended December 31, 2019, was HK$77,444,000, an increase from HK$72,355,000 in the same period of 2018, representing a growth of approximately 9.1%[121]. - Revenue recognized at a point in time was HK$50,646,000, up from HK$47,419,000, reflecting a growth of about 4.6%[121]. - Revenue recognized over time totaled HK$26,798,000, which includes HK$15,850,000 from installation and maintenance services, compared to HK$24,936,000 in the previous year[121]. - The segment result for the technology division was HK$10,604,000, compared to HK$4,493,000 in the prior year, indicating a significant improvement[121]. Corporate Actions - The Board of directors resolved not to pay any interim dividend for the six months ended 31 December 2019 (2018: nil)[160]. - The mid-term report for the year 2019/20 was released[194]. - The company is identified as Kantone Holdings Limited[196].
看通集团(01059) - 2020 - 中期财报