Financial Performance - Revenue for the six months ended September 30, 2019, was HK$413,845,000, an increase from HK$310,974,000 in the same period of 2018, representing a growth of 33.2%[7] - Gross profit for the period was HK$67,977,000, compared to HK$64,628,000 in the previous year, indicating a slight increase of 5.3%[7] - Profit for the period attributable to owners of the Company was HK$29,054,000, down from HK$32,115,000 in the prior year, reflecting a decrease of 9.6%[7] - Total comprehensive income for the period was HK$20,274,000, compared to HK$27,754,000 in the same period last year, a decline of 26.9%[7] - Basic and diluted earnings per share remained stable at HK$0.06 for both periods[7] Expenses and Costs - Administrative and other expenses totaled HK$48,273,000, an increase from HK$25,615,000 in the previous year, showing a rise of 88.1%[7] - Finance costs for the period were HK$2,284,000, compared to HK$967,000 in the previous year, indicating an increase of 136.5%[7] - Income tax expense for the period was HK$5,876,000, a decrease from HK$6,732,000 in the prior year, reflecting a reduction of 12.7%[7] Assets and Liabilities - As of September 30, 2019, total assets amounted to HK$487,859,000, an increase of 20.8% from HK$403,921,000 as of March 31, 2019[9] - Net current assets increased to HK$136,243,000, compared to HK$134,941,000 as of March 31, 2019, reflecting a slight growth of 1%[9] - The company's net assets reached HK$394,835,000, up from HK$358,492,000, representing a growth of 10.1%[11] - Current liabilities increased to HK$351,616,000 from HK$268,980,000, representing a rise of 30.7%[9] - Total liabilities as of September 30, 2019, were HK$393,239,000, compared to HK$310,292,000 as of March 31, 2019, indicating an increase of approximately 26.7%[67] Cash Flow - For the six months ended September 30, 2019, net cash used in operating activities was HK$ (29,575,000), a significant decrease compared to HK$ 98,957,000 in the same period of 2018[20] - Net cash used in investing activities amounted to HK$ (33,889,000), compared to HK$ (28,926,000) in the prior year, indicating increased investment outflows[20] - Financing activities generated net cash of HK$ 71,853,000, a substantial increase from HK$ 10,155,000 in the previous year, primarily due to new bank borrowings raised of HK$ 91,800,000[20] Revenue Segmentation - Revenue from construction under foundation and other civil works was HK$312.095 million, while tunneling works generated HK$23.976 million, indicating strong performance in civil engineering projects[50] - Revenue from sales of aquatic products, including fish, crabs, and shrimps, totaled HK$77.774 million, contributing significantly to the overall revenue[51] - Revenue from external customers in Hong Kong was HK$320,481,000, while revenue from the PRC was HK$77,774,000, and from the Philippines was HK$15,590,000[71] Biological Assets - The carrying value of biological assets was HK$57,807,000, up from HK$32,054,000 as of March 31, 2019, indicating an increase of 80%[117] - The quantity of live crabs owned by the Group significantly increased to 124 tons as of September 30, 2019, up from 20 tons as of March 31, 2019, marking a growth of 520%[113] - The Group's biological assets increased due to purchases and breeding, with an addition of HK$45,028,000 during the reporting period[117] Employee and Operational Metrics - Employee benefits expenses, including directors' emoluments, increased to HK$82,103 for the six months ended September 30, 2019, from HK$71,144 in the same period of 2018, reflecting a rise of approximately 15%[85] - As of September 30, 2019, the Group had 427 employees in Hong Kong, 160 in the Philippines, and 148 in Shenzhen, showing an increase in Hong Kong (6% from 403) and the Philippines (125% from 71), while a decrease in Shenzhen (9% from 162)[198] Strategic Developments - The Group expanded its foundation and civil works to the Philippines and completed the acquisition of 70% share capital in SZ BGI[158] - The Group is committed to developing the entire industry chain of aquatic organisms through its investment in SZ BGI[161] - The Group has executed four letters of intent for strategic cooperation, including collaborations with Shanghai Pudong Agricultural Development and investments in marine organism research centers[166]
义合控股(01662) - 2020 - 中期财报