Financial Performance - For the six months ended 30 September 2021, the Group recorded a consolidated revenue of approximately HK$191 million, representing a decrease of 79% from HK$894 million in the previous period[18]. - The Group's gross profit decreased by 43% to approximately HK$30 million, down from HK$53 million in the last corresponding period[19]. - The loss attributable to owners of the Company was HK$(97) million, a decline from a profit of HK$8 million in the previous period, representing a change of -1,270%[14]. - Earnings per share were reported at (1.67) HK cents, compared to 0.14 HK cent in the previous period, marking a decrease of -1,293%[14]. - The Group recorded a consolidated revenue of approximately HK$191 million for the six months ended September 30, 2021, a decrease of 79% compared to HK$894 million in the same period last year[21]. - The gross profit decreased by 43% to approximately HK$30 million, with a gross margin increase to 16% from 6% due to the higher margin contribution from the printing business[21]. - The Group's loss before tax amounted to approximately HK$228 million, compared to a profit of approximately HK$14 million in the previous year[31]. - The Group recorded a net decrease in cash and cash equivalents of approximately HK$57 million, with a balance of approximately HK$93 million as of September 30, 2021[36]. - The property development business recorded an operating loss of approximately HK$228 million, compared to a profit of approximately HK$12 million in 2020[40]. - The company reported a loss for the period of HK$96,635,000 for the six months ended September 30, 2021, compared to a profit of HK$8,261,000 in the same period of 2020[168]. Revenue Breakdown - Revenue from the sales of completed residential units significantly decreased to approximately HK$46 million, compared to HK$774 million in the last corresponding period[18]. - Revenue for the six months ended 30 September 2021 was HK$190,569,000, a decrease of 78.7% compared to HK$894,315,000 for the same period in 2020[165]. - The property development segment generated revenue of HK$45,808,000, while the printing segment contributed HK$137,329,000[199]. - The property investment segment reported revenue of HK$5,483,000, and treasury activities generated HK$1,295,000[199]. Asset and Equity Changes - Shareholders' funds decreased to HK$813 million from HK$899 million, reflecting a decline of 10%[14]. - Total assets decreased by 2% to approximately HK$3,025 million as of September 30, 2021[35]. - The company's net current assets were HK$528,987,000, down from HK$731,642,000, indicating a decline in liquidity[170]. - Total equity decreased to HK$812,941,000 as of September 30, 2021, from HK$898,568,000 as of March 31, 2021[173]. Operational Insights - There was no scheduled bulk delivery of presold properties during the period, impacting revenue from property development significantly[18]. - The Group's printing business maintained a similar gross margin to the last financial year while expanding market share[19]. - The management anticipates considerable improvement in the second half of the financial year, with scheduled delivery of presold residential units exceeding 170,000 sq m and contract sales over HK$1 billion[40]. - The printing business recorded an operating profit of approximately HK$6 million, up from HK$100,000 in 2020[53]. Cash Flow and Financing - The net cash inflow from operating activities was approximately HK$9 million, compared to an inflow of approximately HK$0.2 million in the previous year[36]. - The Group's bank borrowings amounted to approximately HK$202 million, down from HK$219 million as of 31 March 2021, with a gearing ratio of 0.25[75]. - The Group's cash and cash equivalents balance was approximately HK$119 million, a decrease from HK$178 million as of 31 March 2021, including a restricted bank balance of approximately HK$26 million[77]. - The repayment of bank borrowings was HK$46,963, significantly lower than HK$314,917 in the previous year, indicating reduced debt obligations[181]. Shareholder Information - As of September 30, 2021, Qingda Developments Limited holds 2,025,303,473 shares, representing approximately 35.04% of the company's ordinary shares[94]. - The interests of substantial shareholders are disclosed in accordance with the provisions of the Securities and Futures Ordinance (SFO)[92]. - The aggregate number of ordinary shares held by substantial shareholders is consistent across multiple entities, indicating a concentrated ownership structure[94]. - The company has not granted any rights to subscribe for its securities to directors or senior executives during the review period[90]. Governance and Compliance - The company has adopted the Model Code for securities transactions by directors and confirmed compliance throughout the reporting period[148]. - The company expressed gratitude to shareholders, customers, and partners for their continuous support[150]. - The company has complied with all code provisions in the Corporate Governance Code throughout the reporting period[139].
融太集团(01172) - 2022 - 中期财报