Financial Performance - For the six months ended September 30, 2021, the company reported revenue of HKD 218,180,000, an increase of 8.5% compared to HKD 201,159,000 for the same period in 2020[11] - Gross profit for the same period was HKD 56,626,000, down 9.5% from HKD 62,425,000 year-on-year[11] - The company recorded a net profit of HKD 26,384,000, a decrease of 2.8% from HKD 27,140,000 in the previous year[11] - Total revenue for the six months ended September 30, 2021, was HKD 218,180,000, an increase of 8.9% compared to HKD 201,159,000 for the same period in 2020[33] - Net profit attributable to equity holders decreased by approximately HKD 0.7 million (about 2.6%) to approximately HKD 26.4 million, resulting in a net profit margin decline to 12.1% from 13.5%[73] Assets and Liabilities - Total assets as of September 30, 2021, amounted to HKD 447,219,000, an increase from HKD 427,134,000 as of March 31, 2021[12] - Current assets increased to HKD 326,043,000 from HKD 308,306,000, driven by higher inventory and trade receivables[12] - The company’s total liabilities increased to HKD 118,970,000 from HKD 79,676,000, primarily due to higher trade payables[15] - Trade payables totaled HKD 81,913,000 as of September 30, 2021, compared to HKD 44,910,000 as of March 31, 2021, indicating a significant increase in liabilities[51] Cash Flow and Dividends - For the six months ended September 30, 2021, the company reported a net cash inflow from operating activities of HKD 17,575,000, compared to a net cash outflow of HKD 9,873,000 for the same period in 2020[21] - The company paid dividends amounting to HKD 47,500,000 during the period[21] - The company’s cash and cash equivalents decreased by HKD 41,754,000, resulting in a closing balance of HKD 124,292,000 as of September 30, 2021[21] Operational Highlights - The company plans to focus on market expansion and new product development in the upcoming quarters[11] - Research and development expenses were HKD 4,092,000, reflecting the company's commitment to innovation despite a challenging market[11] - The company incurred capital expenditures of HKD 8,283,000 for the purchase of property, plant, and equipment during the period[21] - The company is upgrading production facilities to enhance automation and increase production capacity, aiming for stable business growth[65] Shareholder Information - Ace Champion Inc. holds 468,750,000 shares, representing 37.5% of the company's issued share capital[112] - 永金有限公司 also holds 468,750,000 shares, accounting for 37.5% of the issued share capital[113] - 薛可雲女士 has controlled corporation interests in 468,750,000 shares, which is 37.5% of the total[110] - 陳盼盼女士, as the spouse of 李舒野先生, is deemed to have interests in 468,750,000 shares, equating to 37.5%[115] Corporate Governance - The company has complied with the corporate governance code during the reporting period, with no deviations noted[118] - The roles of Chairman and CEO are held by 李舒野先生, with no current plans to separate these roles despite corporate governance recommendations[118] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial information and found it compliant with applicable accounting standards and listing rules[127]
科利实业控股(01455) - 2022 - 中期财报