Financial Performance - For the six months ended September 30, 2020, the company reported revenue of HKD 28,029,000, a decrease from HKD 156,291,000 in the same period of 2019, representing a decline of approximately 82.1%[1] - Gross profit for the same period was HKD 9,777,000, down from HKD 25,160,000 in 2019, indicating a decrease of about 61.2%[1] - The company recorded a pre-tax profit of HKD 2,654,000, compared to HKD 1,378,000 in the previous year, reflecting an increase of approximately 92.7%[1] - The net profit for the period was HKD 1,432,000, up from HKD 1,184,000 in 2019, showing an increase of about 20.9%[1] - Total comprehensive income for the period amounted to HKD 1,257,000, compared to HKD 1,208,000 in the previous year, representing a slight increase of approximately 4.1%[3] - Total revenue and other income amounted to HKD 34,289,000, compared to HKD 159,087,000 in the previous year[25] - The company reported a net loss attributable to ordinary shareholders of approximately HKD 1,468,000, compared to a loss of HKD 4,003,000 in the same period last year[35] Assets and Liabilities - The company's non-current assets were valued at HKD 47,159,000 as of September 30, 2020, down from HKD 49,719,000 at the end of the previous year, a decrease of about 5.2%[6] - Current assets totaled HKD 452,027,000, a decrease from HKD 460,697,000 in the previous year, reflecting a decline of approximately 1.1%[6] - Current liabilities were reported at HKD 122,495,000, down from HKD 142,725,000, indicating a decrease of about 14.2%[6] - Non-current liabilities increased to HKD 32,345 million from HKD 24,602 million, representing a growth of 31.3%[8] - The company's total liabilities, including lease liabilities, amounted to HKD 12,662 million, up from HKD 11,572 million, an increase of 9.4%[8] - The company's total assets net worth stood at HKD 344,346 million, slightly up from HKD 343,089 million[8] Revenue Breakdown - Revenue from construction projects was HKD 23,858 million, compared to HKD 150,403 million in the previous year, indicating a significant decline[21] - Revenue from financial lending decreased to HKD 4,171 million from HKD 5,888 million, a drop of 29.1%[21] - Revenue for the construction projects reached HKD 23,858,000, a significant decrease from HKD 150,403,000 in the same period last year[25] - Revenue from the lending business was approximately HKD 4.2 million, compared to HKD 5.9 million in the same period last year, a decrease of 28.8%[56] Earnings and Shareholder Information - The basic earnings per share for the period was HKD 0.07, compared to a loss of HKD 0.20 per share in the previous year[3] - Total equity attributable to owners of the company rose to HKD 344,530 million, up from HKD 343,237 million, a slight increase of 0.4%[8] - The company did not recommend any dividend payments during this period, consistent with the previous year[38] - The company does not recommend the payment of any dividends for the current period[64] Operational Insights - The company has not commenced any engineering, development, or construction for the mining project in Pakistan during the reporting period[11] - The company plans to continue focusing on the construction market in Macau and Hong Kong post-pandemic[57] - The management believes that the current strategy and potential growth will be sufficient to meet the listing rules requirements[61] - The management is confident in successfully implementing its strategy in the construction project business and financing business in the Macau and Hong Kong markets[58] Risk Management and Compliance - The company maintained strict monitoring of overdue balances to minimize credit risk[39] - The management regularly reviews and closely manages overdue balances[42] - The group has no significant foreign exchange risk as most transactions and confirmed financial assets and liabilities are denominated in HKD or RMB[63] - The Audit Committee, composed of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements and expressed satisfaction with the internal control systems[73] Employee and Corporate Governance - The group had 79 employees as of September 30, 2020, an increase from 73 employees as of March 31, 2020[65] - The board believes that the current structure of having the same individual serve as both Chairman and CEO provides strong and effective leadership for the group[72] - The company has established a standard code for directors' securities trading, confirming compliance during the reporting period[70] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[74]
志道国际(01220) - 2021 - 中期财报