Revenue and Profitability - Revenue increased by 1.7% from approximately HK$65.4 million for the six months ended September 30, 2020, to approximately HK$66.5 million for the six months ended September 30, 2021[6]. - Gross profit for the six months ended September 30, 2021, was approximately HK$0.4 million, compared to a gross loss of approximately HK$20.8 million for the same period in 2020[6]. - Total revenue for the six months ended September 30, 2021, was HK$66.5 million, with building construction services contributing 8.4%, renovation and building services 83.4%, maintenance and restoration of historical buildings 7.3%, and property development and investment 0.9%[10]. - The group reported revenue of HKD 66,508,000 for the six months ended September 30, 2021, representing an increase of 1.67% compared to HKD 65,417,000 for the same period in 2020[77]. - The construction and engineering services segment generated revenue of HKD 65,919 thousand, while the property development and investment segment contributed HKD 589 thousand[99]. - Total customer contract revenue for the period was HKD 66,508,000, slightly up from HKD 65,417,000 in the previous year, indicating a marginal increase of 1.7%[111]. Expenses and Losses - Administrative expenses for the six months ended September 30, 2021, were approximately HK$16.4 million, up from approximately HK$15.3 million for the same period in 2020[6]. - Loss attributable to owners of the company was approximately HK$36.2 million for the six months ended September 30, 2021, compared to a loss of approximately HK$39.9 million for the same period in 2020[6]. - The group recorded a loss before tax of approximately HKD 36.2 million for the six months ended September 30, 2021, an improvement from a loss of HKD 39.9 million for the same period in 2020[39]. - The company reported a total comprehensive loss of HKD (36,674,000) for the six months ended September 30, 2021, compared to a loss of HKD (39,892,000) for the same period in 2020, indicating a slight improvement[84]. - The net loss attributable to the company's owners for the period was HKD 36,153 thousand, compared to a loss of HKD 39,892 thousand in the previous year, reflecting a reduction in losses[99][101]. Financial Position and Ratios - As of September 30, 2021, total interest-bearing borrowings amounted to approximately HKD 103.7 million, up from HKD 98.9 million as of March 31, 2021[41]. - The current ratio decreased to 1.6 as of September 30, 2021, from 2.0 as of March 31, 2021, while the debt-to-equity ratio increased to 79% from 68%[43]. - The company's net asset value decreased to HKD 55,208,000 as of September 30, 2021, down from HKD 91,882,000 as of March 31, 2021, indicating a decline of about 40%[84]. - The total equity attributable to the owners of the company was HKD 55,208,000 as of September 30, 2021, compared to HKD 91,882,000 as of March 31, 2021, reflecting a decrease of approximately 40%[84]. - The group’s total liabilities decreased from HKD 151,792,000 to HKD 123,627,000, indicating a reduction of approximately 18.5%[144]. Cash Flow and Financing - Cash used in operating activities was HKD (26,355,000) for the six months ended September 30, 2021, an improvement from HKD (38,261,000) for the same period in 2020, showing a reduction of about 31%[86]. - Cash inflow from investing activities was HKD 23,268,000 for the six months ended September 30, 2021, compared to an outflow of HKD (11,549,000) for the same period in 2020, indicating a significant turnaround[86]. - The company’s cash flow from financing activities showed a net outflow of HKD (1,545,000) for the six months ended September 30, 2021, compared to an inflow of HKD 56,099,000 for the same period in 2020, reflecting a significant change in financing strategy[86]. - The group issued 160,000,000 new ordinary shares at a price of HKD 0.125 per share, raising a total of HKD 20 million before expenses[156]. Impact of COVID-19 - The COVID-19 pandemic has created significant challenges for the global economy, leading to a deep recession in Hong Kong and a reduction in overall investment expenditure[35]. - The company has implemented emergency measures to address the uncertainties in its operating and financial conditions due to the pandemic[35]. - The company is actively monitoring the impact of the pandemic on its business and has adapted its strategies accordingly[35]. - The group has adopted new accounting standards related to COVID-19 rent concessions, which did not have any impact on the financial position or performance of the group[94]. - The group has implemented a practical expedient for lease accounting related to COVID-19, allowing for rent concessions without significant changes to lease terms[94]. Projects and Future Revenue - The expected total revenue from ongoing projects as of September 30, 2021, is approximately HK$110.4 million[11]. - The company has 2 ongoing projects in building construction services, 25 in renovation and building services, and 2 in maintenance and restoration of historical buildings as of September 30, 2021[10]. - Ongoing projects with a contract amount exceeding HK$3 million include residential developments and improvement projects, with expected project durations from September 2018 to April 2022[14]. - The expected revenue to be recognized within one year from remaining performance obligations is HKD 110,391,000, a substantial rise from HKD 18,539,000 in the previous year, marking an increase of 495.5%[109]. Management and Governance - The group has established an audit committee composed of three independent non-executive directors to oversee financial reporting[74]. - There were no significant management or administrative contracts related to the group's business during the reporting period[64]. - The total remuneration for key management personnel was HKD 4,056,000 for the six months ended September 30, 2021, a slight decrease of 3.1% from HKD 4,187,000 for the same period in 2020[164].
迪米生活控股(01667) - 2022 - 中期财报