Financial Performance - Total revenue decreased by approximately HKD 17.1 million or 7.7% to about HKD 205.9 million for the six months ended September 30, 2020, compared to HKD 223.0 million for the same period in 2019[7] - Loss attributable to owners increased by HKD 8.5 million or 834.5% to approximately HKD 7.5 million, compared to a profit of about HKD 1.0 million in the same period of 2019[7] - Gross profit decreased by approximately HKD 11.2 million or 88.6% to about HKD 1.4 million, with gross margin dropping from 5.6% to 0.7%[16] - The company incurred a loss before tax of HKD 8,731,000, compared to a profit of HKD 1,254,000 in the previous year[53] - The company reported a net cash outflow from operating activities of HKD 9,873,000 for the six months ended September 30, 2020, compared to a cash inflow of HKD 18,040,000 for the same period in 2019[60] - The company reported a loss attributable to shareholders of HKD 7,485,000 for the six months ended September 30, 2020, compared to a profit of HKD 1,019,000 in the same period of 2019[90] Revenue Breakdown - Revenue from private sector projects was approximately HKD 171.6 million, accounting for about 83.3% of total revenue, compared to 66.2% in 2019[11] - Revenue from public sector projects was approximately HKD 34.3 million, accounting for about 16.7% of total revenue, down from 33.8% in 2019[11] - The company reported revenue of HKD 205,861,000 for the six months ended September 30, 2020, a decrease of 7.66% compared to HKD 222,971,000 in the same period of 2019[53] Expenses and Costs - Administrative expenses rose by approximately HKD 0.3 million or 3.7% to about HKD 10.4 million[19] - The total salary cost recognized in the profit and loss for the six months ended September 30, 2020, was approximately HKD 130.2 million, compared to approximately HKD 114.2 million for the same period in 2019[34] - Employee costs, including director remuneration, rose to HKD 130,195,000 from HKD 114,211,000 in the previous year[88] Assets and Liabilities - As of September 30, 2020, the group had cash and cash equivalents of approximately HKD 164.4 million, down about 12.3% from HKD 187.5 million as of March 31, 2020[24] - The total liabilities as of September 30, 2020, were HKD 199,388,000, a slight decrease from HKD 202,466,000 as of March 31, 2020[81] - The company’s total assets decreased to HKD 355,993,000 as of September 30, 2020, from HKD 366,556,000 as of March 31, 2020, indicating a decline of about 2.9%[55] Contracts and Projects - The group secured 5 new contracts during the review period, with a total contract value of approximately HKD 433.8 million[7] - The segment profit for the template engineering division was a loss of HKD 3,516,000, while the building construction segment reported a profit of HKD 39,000, resulting in a total segment loss of HKD 3,477,000[74] Cash Flow and Investments - The company’s net cash used in investing activities was HKD 10,610,000 for the six months ended September 30, 2020, compared to HKD 1,305,000 for the same period in 2019, showing a significant increase in cash outflow[60] - The company has no bank borrowings as of September 30, 2020[24] Shareholder Information - Major shareholders, including Mr. Liang and Ms. Cao, collectively hold 75% of the company's issued share capital[48] - The company did not recommend any interim dividend for the six months ended September 30, 2020[8] Other Financial Metrics - The capital to equity ratio as of September 30, 2020, was approximately 91.6%, an increase from about 88.2% as of March 31, 2020[24] - The company recorded a credit loss provision of HKD 425,000 against trade receivables as of September 30, 2020, compared to HKD 533,000 as of March 31, 2020[91]
建成控股(01630) - 2021 - 中期财报