Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 74,309,000, a decrease of 1.28% from HKD 75,270,000 in the same period of 2020[7] - The profit before tax decreased significantly to HKD 3,822,000, down 64.2% from HKD 10,662,000 in the previous year[7] - Net profit for the period was HKD 2,794,000, a decline of 70.6% compared to HKD 9,495,000 in the same period of 2020[7] - Basic and diluted earnings per share were both HKD 0.28, down from HKD 0.95 in the previous year[8] - The company reported a segment profit of HKD 11,141,000 for the video conferencing and multimedia audio-visual solutions and maintenance services segment, down from HKD 14,519,000 in the previous year[22] - Operating profit decreased by approximately HKD 6,4% from HKD 30,503,000 to HKD 28,536,000, consistent with the decrease in revenue[74] - Profit for the period decreased from HKD 9,495,000 to HKD 2,794,000, mainly due to reduced revenue and operating profit, increased employee costs, and additional professional fees[78] Revenue Breakdown - Revenue from video conferencing and multimedia audio-visual solutions services was HKD 61,645,000, while maintenance services generated HKD 10,868,000, and cloud IT+OT management services contributed HKD 1,796,000[18] - Revenue recognized at a point in time was HKD 63,441,000, down from HKD 65,734,000 in the previous year, while revenue recognized over time increased to HKD 10,868,000 from HKD 9,536,000[19] - Revenue from external customers in Hong Kong was HKD 71,687,000, while revenue from China (excluding Hong Kong and Macau) was HKD 2,257,000, and from Macau was HKD 365,000[26] - Revenue from video conferencing and multimedia audio-visual maintenance services increased by approximately HKD 1,332,000 or 14.0%, from HKD 9,536,000 to HKD 10,868,000[71] - The company expanded its business into China through its subsidiary, contributing approximately HKD 1,796,000 in revenue during the reporting period[69] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 171,541,000, an increase from HKD 146,123,000 as of March 31, 2021[10] - The company had total liabilities of HKD 55,332,000 as of September 30, 2021, down from HKD 62,753,000 as of March 31, 2021[24] - Trade receivables and contract assets totaled approximately HKD 39,746,000 as of September 30, 2021, an increase from HKD 35,915,000 as of March 31, 2021[38] - The aging analysis of trade payables showed a total of HKD 17,413,000 as of September 30, 2021, compared to HKD 16,427,000 as of March 31, 2021[39] - As of September 30, 2021, the group's net current assets were approximately HKD 86,967,000, an increase from HKD 60,076,000 as of March 31, 2021[80] Cash Flow and Financing - Cash and cash equivalents at the end of the period increased to HKD 79,704,000 from HKD 56,332,000 year-on-year[13] - The net cash used in operating activities was HKD (9,318,000), compared to HKD (2,985,000) in the same period last year[13] - The company issued new shares raising HKD 28,500,000 during the financing activities[13] - The company raised approximately HKD 28,500,000 from the placement of 50,000,000 new shares at a price of HKD 0.57 per share on August 19, 2021[86] - The net proceeds from the placement, after deducting commissions and related costs, were approximately HKD 27,530,000[87] Expenses and Costs - Employee costs increased by approximately HKD 1,391,000 or 8.3%, from HKD 16,805,000 to HKD 18,196,000, mainly due to an increase in staff for cloud IT+OT management services[75] - Other operating expenses increased by 41.0% from HKD 3,424,000 to HKD 4,828,000, primarily due to professional fees and placement commissions related to equity-settled transactions[76] - The total income tax expense for the six months ended September 30, 2021, was HKD 1,028,000, a decrease of 11.9% from HKD 1,167,000 in the same period of 2020[28] Corporate Governance and Compliance - The company maintains a high level of corporate governance to protect shareholder interests and enhance corporate value[113] - The audit committee reviewed the group's unaudited consolidated performance and confirmed compliance with applicable accounting standards and regulations[115] - The company has adopted a code of conduct for directors' securities transactions that is not less stringent than the standard code[103] Shareholder Information - The company did not declare any interim dividend for the six months ended September 30, 2021, compared to zero in 2020[31] - The company granted stock options to a senior management member for a total of 3,000,000 shares at an exercise price of HKD 0.54 per share[49] - The company reported a dividend yield of 3.03% and an expected volatility of 70%[51] - As of September 30, 2021, Mr. Zhong Nai Hung holds 600,000,000 shares, representing 57.12% of the issued shares[105] - Dr. Huang Jing Qiang holds 150,000,000 shares, accounting for 14.28% of the issued shares[105]
超智能控股(01402) - 2022 - 中期财报