Revenue and Profit Growth - The group's revenue increased by 22% to HKD 777 million for the first half of 2021, compared to HKD 639 million in the same period of 2020[3]. - The group's profit before tax rose to HKD 62 million, up from HKD 44 million in the first half of 2020[3]. - The operating profit for Quarto Group increased by 21% to USD 56.9 million, compared to USD 46.9 million in the first half of 2020[6]. - APOL Group's sales revenue grew by 10%, driven mainly by the recovery of demand in Europe and the US[6]. - The company experienced a 41% revenue growth in its Australian manufacturing segment due to the economic recovery[6]. - Revenue for the six months ended June 30, 2021, increased by 22% to approximately HKD 776.6 million, compared to HKD 638.8 million for the same period in 2020[10]. - Profit attributable to owners for the six months was approximately HKD 41.3 million, representing a 41% increase from HKD 29.3 million in the prior year[19]. - Profit before tax for the same period was HKD 61,665,000, up from HKD 43,784,000 in 2020, representing a growth of 40.8%[42]. - The company reported a profit attributable to shareholders of HKD 41,297,000, compared to HKD 29,311,000 in the previous year, marking an increase of 40.9%[50]. Costs and Expenses - The transportation cost for shipping books from China to the US West Coast increased from less than USD 5,000 in 2020 to USD 18,000 in 2021, representing a three to fourfold increase[3]. - The company's operating expenses increased by HKD 4.1 million to approximately HKD 54.5 million, driven by a rise in employee costs[10]. - The financial expenses decreased significantly to HKD 4,461,000 from HKD 7,366,000, a reduction of 39.5%[42]. - The depreciation expense for property, plant, and equipment was HKD 21,732,000, compared to HKD 20,259,000 in the previous year, indicating a rise of 7.3%[46]. Assets and Liabilities - The total bank borrowings and lease liabilities amounted to approximately HKD 315.8 million as of June 30, 2021, up from HKD 290.3 million at the end of 2020[12]. - Total liabilities increased to HKD 540,221 from HKD 501,970, indicating a rise of about 7.6%[21]. - The company's current assets net value was approximately HKD 549.4 million, down from HKD 617.7 million at the end of 2020[12]. - The company's cash and cash equivalents decreased to HKD 412,534 from HKD 502,291, a decline of approximately 17.87%[26]. - The company's total assets as of June 30, 2021, were HKD 1,148,502,000, compared to HKD 1,276,716,000 at the end of the previous year, indicating a decrease of approximately 10%[31]. - The total bank borrowings increased to HKD 229,492,000 as of June 30, 2021, compared to HKD 191,450,000 as of December 31, 2020, marking a rise of 19.9%[61]. Shareholder Information - The company paid dividends amounting to HKD 37,021, an increase from HKD 30,800, representing a growth of approximately 20.5%[29]. - The company declared a proposed final dividend of HKD 30,800,000 for the year ended December 31, 2020, which is a decrease from HKD 38,500,000 in the previous year, representing a reduction of approximately 20%[31]. - The interim dividend declared for the six months ended June 30, 2021, was HKD 23,100,000, compared to no interim dividend in the same period of 2020[67]. - Liu Zhujian holds a total of 322,852,275 shares in Auspicious Group, representing 64.74% of the issued share capital[79]. - The largest shareholder, Qingtian Group Limited, holds 266,432,717 shares, which is 34.60% of the issued share capital[86]. Operational Insights - The integration of operations between COS and Papercraft is expected to enhance the group's position in Southeast Asia's printing market[6]. - The company remains cautiously optimistic about the upcoming year despite ongoing supply chain challenges[6]. - The company plans to continue monitoring its liquidity needs and maintain sufficient cash reserves to meet both short-term and long-term funding requirements[13]. - The company’s net cash flow from operating activities showed improvement, contributing positively to the overall financial health[42]. Employee and Management Information - As of June 30, 2021, the group had approximately 1,317 full-time employees, a decrease from 1,350 employees as of June 30, 2020[95]. - The short-term employee benefits for key management personnel increased to HKD 4,753,000 from HKD 3,013,000, reflecting a rise of 57.7%[72].
狮子山集团(01127) - 2021 - 中期财报