Financial Performance - The total value of new contracts signed and supplemented during the period was HKD 523,984,000, an increase of HKD 85,668,000 or 19.5% compared to HKD 438,316,000 for the six months ended June 30, 2020[5]. - The total value of contracts on hand reached HKD 1,801,009,000, up HKD 210,654,000 or 13.2% from HKD 1,590,355,000 as of June 30, 2020[5]. - The group's revenue for the period was HKD 425,158,000, representing a 36.8% increase from HKD 310,835,000 for the same period last year[6]. - The net loss for the period was HKD 401,000, a significant improvement from a loss of HKD 8,207,000 in the previous year, resulting in a basic loss per share of 1.45 HKD cents compared to 3.4 HKD cents[6]. - The group reported a total comprehensive income of HKD 2,564,000, recovering from a loss of HKD 11,449,000 in the previous year[8]. - The company incurred a loss of HKD 47,359,000 during the six months ended June 30, 2021, compared to a loss of HKD 47,358,000 in the same period of the previous year[32]. - The company’s revenue for the six months ended June 30, 2021, was HKD 145,580,000, a decrease from HKD 152,013,000 for the same period in 2020[32]. - The company reported a pre-tax loss of HKD 4,174,000 for the first half of 2021, an improvement from a loss of HKD 9,743,000 in the same period of 2020[66]. Cash Flow and Financial Position - The group's cash and bank balances decreased to HKD 157,438,000 from HKD 228,412,000 as of December 31, 2020[21]. - For the six months ended June 30, 2021, the company reported a net cash outflow from operating activities of HKD 75,790,000, compared to an inflow of HKD 2,556,000 for the same period in 2020[32]. - The total cash and cash equivalents at the end of the period were HKD 157,438,000, down from HKD 201,229,000 at the end of June 2020[32]. - The company’s financing activities resulted in a net cash outflow of HKD 9,414,000, compared to an outflow of HKD 35,974,000 in the same period of 2020[32]. - The company’s investment activities generated a net cash inflow of HKD 12,726,000, compared to a net cash outflow of HKD 26,796,000 in the previous year[32]. - The total assets less current liabilities amounted to HKD 592,940,000, up from HKD 572,545,000 as of December 31, 2020[21]. - The company’s reserves increased to HKD 453,375,000 as of June 30, 2021, up from HKD 443,590,000 at the end of 2020[32]. - The capital debt ratio was approximately 14.6% as of June 30, 2021, compared to 12.3% on December 31, 2020[113]. Revenue Segmentation - For the six months ended June 30, 2021, the total revenue was HKD 430.3 million, with the Integrated Architectural Design Services segment contributing HKD 364.9 million and the BIM Services segment contributing HKD 65.4 million[48]. - The total revenue for the same period in 2020 was HKD 313.4 million, indicating a year-on-year increase of approximately 37.3%[51]. - The Integrated Architectural Design Services segment's revenue increased from HKD 281.2 million in 2020 to HKD 364.9 million in 2021, reflecting a growth of approximately 29.7%[51]. - The BIM Services segment's revenue rose from HKD 32.3 million in 2020 to HKD 65.4 million in 2021, marking an increase of approximately 102.5%[51]. - The construction design services segment contributed HKD 364,935,000 in revenue, an increase of 29.8% compared to the previous year[97]. - The BIM services segment achieved revenue of HKD 65,371,000, a significant increase of 102.7% from HKD 32,252,000 in the same period of 2020[98]. Expenses and Costs - The administrative expenses increased to HKD 84,419,000 from HKD 65,280,000, reflecting higher operational costs[6]. - Employee costs increased to HKD 280,316,000, a rise of 28.8% compared to HKD 217,548,000 in the previous year[58]. - The total depreciation of property, plant, and equipment was HKD 30,191,000, compared to HKD 26,424,000 in the previous year, reflecting a 14.5% increase[58]. - The income tax expense for the first half of 2021 was HKD 4,229,000, compared to HKD 2,448,000 in the same period of 2020, indicating a 72.8% increase[62]. Contracts and Backlog - The total backlog of contracts as of June 30, 2021, was approximately HKD 1,644,014,000, a 10.8% increase from HKD 1,484,189,000 in the same period of 2020[97]. - The total value of new contracts signed in the construction design services segment was approximately HKD 457,264,000, up 16.5% from HKD 392,538,000 in the previous year[97]. - The company reported contract assets of HKD 170,803,000 for BIM services as of June 30, 2021, compared to HKD 154,237,000 as of December 31, 2020, reflecting an increase of 10.5%[73]. Share Capital and Dividends - The company did not declare an interim dividend for the period[6]. - The total issued share capital as of June 30, 2021, was HKD 10,000,000, with 1,000,000,000 shares issued[82]. - The company’s issued share capital remained at 2,883,000,000 shares as of June 30, 2021[32]. - The board decided not to declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[137]. Corporate Governance and Compliance - The board of directors confirmed compliance with the standard code of conduct regarding securities trading for the six months ended June 30, 2021[135]. - The company has adhered to the corporate governance code as per the listing rules during the six months ended June 30, 2021[137]. - An audit committee has been established, consisting of independent non-executive directors, to review and monitor the group's financial reporting procedures and internal controls[137]. Future Outlook and Strategy - The company plans to enhance its digital capabilities and explore vertical expansion in the service chain to create new opportunities and additional revenue sources[107]. - The group aims to leverage its unique advantages in the Guangdong-Hong Kong-Macao Greater Bay Area for future growth opportunities[108]. - The digital business revenue grew over 100% compared to the previous year, with expectations for further contributions to overall business performance[107].
思城控股(01486) - 2021 - 中期财报