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胜龙国际(01182) - 2022 - 中期财报
SUCCESS DRAGONSUCCESS DRAGON(HK:01182)2021-12-02 08:34

Financial Performance - Revenue for the six months ended September 30, 2021, was HK$108,359,000, representing a 114% increase compared to HK$50,473,000 for the same period in 2020[13] - Gross profit increased to HK$21,361,000, up 144% from HK$8,764,000 year-on-year[13] - Profit before tax for the period was HK$7,110,000, compared to a loss of HK$6,103,000 in the previous year[13] - The company reported a profit for the period of HK$4,436,000, reversing a loss of HK$6,103,000 from the same period last year[13] - Total comprehensive income for the period was HK$4,720,000, compared to a loss of HK$6,082,000 in the previous year[13] - For the six months ended September 30, 2021, the total comprehensive income was HK$4,720,000, compared to a total comprehensive loss of HK$6,082,000 for the same period in 2020[16] - The company reported a profit before tax of HK$7,110,000, compared to a loss of HK$6,103,000 in the previous year[36] - For the six months ended September 30, 2021, the Group reported a profit of approximately HK$4,436,000, compared to a loss of approximately HK$6,103,000 for the same period in 2020[80] Assets and Liabilities - Current assets increased to HK$134,504,000 as of September 30, 2021, compared to HK$94,473,000 as of March 31, 2021[14] - Net current assets improved to HK$45,110,000, up from HK$40,518,000 as of March 31, 2021[14] - Total assets less current liabilities amounted to HK$54,786,000, compared to HK$50,366,000 at the end of the previous fiscal year[14] - The company's net assets increased to HK$52,066,000, up from HK$47,346,000 as of March 31, 2021[14] - The total liabilities rose to HK$92,114,000 as of September 30, 2021, compared to HK$56,975,000 as of March 31, 2021, marking an increase of 62%[40] Revenue Breakdown - Revenue from the PRC market reached HK$85,468,000, up from HK$29,559,000 in 2020, indicating a growth of 189%[43] - The revenue from the gold-laden carbon processing and trading business was approximately HK$85.5 million, contributing approximately 78.9% to the Group's total revenue, up from approximately 58.6% in the last period[164] - Revenue from outsourced business process management increased by approximately 7.4% to approximately HK$19.1 million, driven by improved economic conditions in Macau[156] - Revenue from money lending services was approximately HK$3.8 million, with a segment profit of approximately HK$2.2 million, compared to revenue of approximately HK$3.1 million and profit of approximately HK$1.4 million in the last period[158] Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2021, was HK$1,206,000, an improvement from HK$2,086,000 in the previous year[19] - Cash and cash equivalents at the end of the period were HK$31,469,000, compared to HK$3,641,000 at the end of the same period in 2020[19] - Interest paid during the financing activities was HK$915,000, an increase from HK$321,000 in the previous year[19] - Finance costs for the six months ended September 30, 2021, amounted to HK$1,460,000, an increase from HK$1,186,000 in the same period of 2020[64] Share Capital and Reorganization - The company reported a capital reorganization resulting in a reduction of share capital by HK$26,564,000 during the period[16] - The company's share capital increased from HK$27,962,000 at April 1, 2021, to HK$1,398,000 at September 30, 2021, due to capital reorganization[16] - A capital reorganization was implemented, consolidating every twenty existing shares into one consolidated share with a par value of HK$0.2, followed by a capital reduction[120] - The authorized share capital is 30,000,000,000 ordinary shares with a par value of HK$0.01 each, while the issued and fully paid shares amount to 139,807,827 shares[115] Taxation - The Hong Kong Profits Tax for the current period was calculated at a rate of 16.5%, resulting in a tax expense of HK$56,000[74] - The PRC Enterprise Income Tax for the current period amounted to HK$2,618,000, with a tax rate of 25% applicable[74] Management and Future Outlook - The Group expects gold prices to remain high due to anticipated inflation and geopolitical uncertainties, continuing to focus on gold-laden carbon processing and trading as its core business[165] - The Group will continue to identify new opportunities for business development and has no current plans for material investments or acquisitions[170] - The company is currently negotiating to extend the repayment of an unsecured loan of HK$8,865,000, which was originally due on May 13, 2021[190]