Financial Performance - For the six months ended September 30, 2020, the group recorded revenue of approximately HKD 200.5 million, an increase of about 3.9% compared to HKD 193.0 million for the same period in 2019[10]. - Gross profit for the same period was approximately HKD 56.3 million, reflecting a growth of about 5.2% from HKD 53.5 million in the previous year[10]. - The net profit after tax increased to approximately HKD 15.0 million, representing a significant increase of about 44.2% compared to HKD 10.4 million in the prior year[10]. - The total comprehensive income for the period was HKD 15.1 million, compared to HKD 9.8 million for the same period in 2019[15]. - Basic and diluted earnings per share were HKD 1.49, up from HKD 1.04 in the previous year[15]. - The operating profit before tax for the six months ended September 30, 2020, was HKD 18,973,000, compared to HKD 14,321,000 for the same period in 2019, showing a growth of about 32.5%[57]. - Profit attributable to owners increased from approximately HKD 10.4 million to approximately HKD 15.0 million for the first half of the 2021 fiscal year[127]. Cash Flow and Liquidity - The group's cash and cash equivalents increased to HKD 89.3 million from HKD 73.6 million at the end of the previous fiscal year[18]. - The net cash generated from operating activities for the six months ended September 30, 2020, was HKD 37,115,000, a significant improvement from a net cash outflow of HKD 3,035,000 in the same period of 2019[27]. - The company reported a net increase in cash and cash equivalents of HKD 15,395,000 for the six months ended September 30, 2020, compared to a decrease of HKD 39,833,000 in the prior year[27]. - The company’s cash and cash equivalents at the end of the period were HKD 89,282,000, compared to HKD 33,393,000 at the end of the same period in 2019, indicating a strong liquidity position[27]. - The group's debt-to-equity ratio was approximately 29.9% as of September 30, 2021, down from 31.0% as of March 31, 2021, indicating strong liquidity[130]. Assets and Liabilities - Non-current assets as of September 30, 2020, amounted to HKD 100.1 million, an increase from HKD 94.5 million as of March 31, 2020[18]. - Current liabilities totaled HKD 171.0 million, compared to HKD 154.6 million as of March 31, 2020[20]. - The total equity of the company increased to HKD 120.1 million from HKD 112.9 million as of March 31, 2020[20]. - The company’s accumulated profits increased to HKD 38,237,000 as of September 30, 2020, from HKD 39,547,000 as of April 1, 2020[23]. - The company’s total liabilities decreased from HKD 112,914,000 as of April 1, 2020, to HKD 120,113,000 as of September 30, 2020, reflecting improved financial health[23]. Revenue Breakdown - Revenue from information technology security products was HKD 110,233,000, compared to HKD 106,023,000 in the previous year, reflecting a growth of about 3.1%[53]. - Revenue from information technology security services was HKD 90,265,000, up from HKD 86,996,000, indicating an increase of approximately 3.0%[53]. - Revenue from the Hong Kong market was HKD 170,770,000, an increase from HKD 153,739,000, representing a growth of about 11.1%[64]. - Revenue from Macau decreased to HKD 14,382,000 from HKD 22,489,000, reflecting a decline of approximately 36.0%[64]. Expenses and Costs - The company incurred total employee costs of HKD 33,413,000 for the six months ended September 30, 2020, compared to HKD 31,801,000 in the previous year, which is an increase of about 5.0%[68]. - Distribution and selling expenses increased by approximately HKD 0.9 million or about 7.0% to approximately HKD 13.7 million, primarily due to increased employee costs from the group's expansion[125]. - Administrative and other expenses decreased by approximately HKD 2.6 million or about 10.1% to approximately HKD 23.2 million, mainly due to prior year listing expenses[126]. - The total income tax expense for the six months ended September 30, 2020, was HKD 3,995,000, compared to HKD 3,874,000 in the previous year, reflecting an increase of about 3.1%[72]. Dividends - The company did not recommend the distribution of dividends for the six months ended September 30, 2020[11]. - The company paid dividends totaling HKD 10,014,000 during the six months ended September 30, 2020, down from HKD 30,043,000 in the same period of 2019[27]. - The company declared a final dividend of HKD 0.01 per share for the year ended March 31, 2020, totaling approximately HKD 10,014,000, down from HKD 0.03 per share totaling approximately HKD 30,043,000 for the previous year[82]. Corporate Governance and Management - The audit committee consists of three independent non-executive directors who reviewed the group's accounting principles and financial reporting matters[182]. - The company confirmed that all directors complied with the standard code during the first half of the fiscal year 2021[183]. - The controlling shareholders have confirmed compliance with the non-competition agreement since the listing date[181]. - The company is committed to establishing good corporate governance and has adopted sound corporate governance practices[187]. - The board believes that the current phase is critical for the company's development, and the CEO is responsible for additional duties to oversee new business areas beyond the main business of distributing IT security products and services[188]. Strategic Initiatives - The company continues to see positive growth in its core business of IT security products and services, driven by the demand for network security solutions[113]. - The company has established distribution relationships for new products, BlackBerry Security and NeuVector, to enhance its solution offerings in remote work and DevSecOps[113]. - The company announced the acquisition of Rui Sheng Financial Group Limited to enter the financial services sector, enhancing its regulatory activities in securities trading and asset management[115]. - The company plans to diversify its business and investment portfolio through the establishment of Axion Global, aiming to become a significant player in the digital asset trading market[116]. - The company aims to create an ecosystem in the cybersecurity field by integrating Axion Global and the newly acquired Rui Bao 180 Group Limited[120].
安领国际(01410) - 2021 - 中期财报