Financial Performance - The Group's revenue for the six months ended 30 September 2021 was approximately HK$191.2 million, a decrease of approximately 19.1% compared to HK$236.5 million for the same period in 2020[10]. - Loss attributable to the owners of the Company for the Period amounted to approximately HK$28.9 million, compared to a loss of approximately HK$23.8 million for the same period in 2020[10]. - Basic and diluted loss per share for the Period was approximately HK cent 0.54, an increase from approximately HK cent 0.45 for the same period in 2020[11]. - The gross profit for the Period amounted to approximately HK$9.6 million, a decrease of approximately 63.6% from HK$26.4 million in the same period in 2020, with a gross profit margin of approximately 5.0%[46]. - The Group recorded a net loss of approximately HK$28.9 million for the Period, an increase of approximately 21.4% compared to a loss of HK$23.8 million for the corresponding period in 2020[58]. - The total comprehensive loss for the period was HK$28,475,000, compared to HK$23,352,000 in the same period last year, marking a 22% increase[150]. - The operating loss increased to HK$26,137,000 compared to a loss of HK$19,876,000 in the prior year, reflecting a deterioration of 31.4%[150]. - Loss before income tax was HK$29,223,000, up from HK$24,010,000, representing a 21.8% increase year-over-year[150]. Revenue Breakdown - Revenue from construction wastes handling services decreased by approximately HK$45.9 million or 36.1% to approximately HK$81.4 million compared to HK$127.3 million in the corresponding period in 2020[18]. - Revenue from foundation and building construction works and ancillary services increased by approximately 10.6% to approximately HK$103.5 million compared to approximately HK$93.6 million for the same period in 2020[20]. - Revenue from technology services amounted to approximately HK$8.5 million, a decrease of about HK$5.4 million or 38.8% compared to approximately HK$13.9 million in the same period of 2020[32]. - Revenue from the lending business was approximately HK$1.5 million, down from approximately HK$2.9 million in the same period of 2020[36]. - Revenue from trust and custody services was approximately HK$2.5 million, with a gross profit of approximately HK$1.6 million[43]. - Construction wastes handling services generated revenue of HK$81,378,000, down 36.1% from HK$127,299,000 in the previous year[193]. - Foundation and building construction works and ancillary services saw an increase in revenue to HK$103,301,000, up 11.0% from HK$93,008,000 in 2020[193]. - Technology services revenue decreased to HK$8,487,000, a decline of 38.5% from HK$13,751,000 in 2020[193]. - Trust and custody services contributed HK$2,532,000 in revenue, with no revenue reported in the previous year[193]. Profitability and Losses - Gross profit from construction wastes handling services was approximately HK$5.5 million, a decrease of approximately 42.7% from approximately HK$9.6 million in the same period in 2020[19]. - Gross profit for the construction waste handling segment was approximately HK$5.5 million, down approximately 42.7% from about HK$9.6 million in the same period of 2020, with a gross profit margin of 6.8%, a decrease of 0.7 percentage points from 7.5%[21]. - Gross profit for foundation and building construction works was approximately HK$5.7 million, a decrease of approximately 45.7% compared to about HK$10.5 million in the same period of 2020, with a gross profit margin of 5.5%, down 5.7 percentage points from 11.2%[24]. - The Group recorded a loss of approximately HK$6.3 million on fair value changes in its investment portfolios during the period, compared to a loss of approximately HK$1.2 million in the same period of 2020[35]. - The company reported a net loss on the change in fair value of financial assets of HK$990,000, compared to no losses in the previous year[190]. Assets and Liabilities - Total assets decreased to HK$512,569,000 as of September 30, 2021, down from HK$605,141,000 at the end of March 2021, a decline of 15.3%[153]. - Total equity fell to HK$195,899,000 from HK$219,573,000, reflecting a decrease of 10.7%[153]. - Total liabilities decreased from HK$385,568,000 as of 31 March 2021 to HK$316,670,000 as of 30 September 2021, a reduction of approximately 17.9%[156]. - Net current assets decreased from HK$179,375,000 as of 31 March 2021 to HK$168,620,000 as of 30 September 2021, a decline of about 6.9%[156]. - Cash and cash equivalents at the end of the period decreased to HK$182,950,000 from HK$246,097,000, representing a decline of approximately 25.7%[166]. - The company’s total assets less current liabilities decreased from HK$221,502,000 as of 31 March 2021 to HK$201,662,000 as of 30 September 2021, a decrease of approximately 8.9%[156]. Corporate Governance and Compliance - The Audit Committee consists of three independent non-executive Directors, ensuring independent review of financial reporting and internal controls[141]. - The Company continues to comply with the Corporate Governance Code, with some deviations noted regarding the roles of Chairman and Chief Executive Officer[127]. - The Company periodically reviews its corporate governance practices to ensure compliance with the CG Code[133]. - The Company has maintained sufficient public float as required under the Listing Rules during the Period[139]. Strategic Developments - The Group launched ChainHub, the first domestic panoramic on-chain data analysis tool, providing over 10,000 data indicators and 4 major thematic information[75]. - The Group signed a strategic cooperation agreement with Shanghai Lingang Holdings Co., Ltd. and Shanghai Academy of Quality Management to initiate the first domestic blockchain data service standard[79]. - The Group is exploring business opportunities related to information technology and financial technology in Hong Kong and overseas for sustainable development[74]. - The Group aims to optimize and upgrade blockchain-related products and services to facilitate the integrated development of blockchain technology and the industry[82]. - The Group will continue to diversify its business developments and prepare to launch proprietary investment business in the digital economy[82]. Employment and Staff Costs - As of September 30, 2021, the Group employed a total of 184 staff, down from 193 staff as of March 31, 2021[88]. - Total staff costs, including directors' emoluments, amounted to approximately HK$54.9 million, an increase from approximately HK$49.6 million for the same period in 2020[88]. - The Group's employee salary and benefit levels are competitive, with individual performance rewarded through a salary and bonus system[88]. - The Group provides adequate job training to employees to equip them with practical knowledge and skills[88].
欧科云链(01499) - 2022 - 中期财报