Financial Performance - The Group recorded revenue of HK$42.4 million for the six months ended 30 June 2020, a decrease of 11.8% compared to HK$48.1 million for the same period in 2019[17]. - The overall gross profit increased to HK$15.5 million, representing an increase of HK$0.9 million from HK$14.6 million for the six months ended 30 June 2019[17]. - The consolidated net profit for the Period was HK$3.7 million, down from HK$10.8 million for the six months ended 30 June 2019[17]. - Revenue from continuing operations decreased by 11.8% to HK$42.4 million for the six months ended 30 June 2020, compared to HK$48.1 million for the same period in 2019[26]. - Overall gross profit from continuing operations increased by 5.9% to HK$15.5 million, up from HK$14.6 million in the previous year[26]. - Profit for the period was approximately HK$3.7 million, a decrease from approximately HK$10.8 million for the six months ended 30 June 2019, primarily due to a prior gain of HK$12.4 million from the disposal of a subsidiary[26]. - The total comprehensive income for the period was HK$3.66 million, down from HK$10.76 million in the same period of 2019[56]. - The company recorded a profit of HK$3,654,000 for the six months ended June 30, 2020, compared to a profit of HK$10,758,000 in the same period of 2019[63]. - Profit before taxation from continuing operations was HK$3.72 million for the six months ended June 30, 2020, compared to a loss of HK$0.91 million in 2019[53]. - The profit for the period from continuing operations was HK$3.65 million, a significant recovery from a loss of HK$1.60 million in the prior year[53]. Revenue Segmentation - The Group explored business opportunities in financial services and health business, contributing HK$3.4 million and HK$1.6 million in revenue respectively for the six months ended 30 June 2020[17]. - Revenue from construction and ancillary services decreased by 19.0% to HK$37.4 million, down from HK$46.2 million in the same period last year[34]. - Revenue from the financial services segment increased to HK$3.4 million, compared to HK$1.6 million for the six months ended 30 June 2019[34]. - Revenue from the health business increased significantly to HK$1.6 million, compared to HK$0.3 million for the same period in 2019[37]. - For the six months ended June 30, 2020, total segment revenue was HK$42,410,000, a decrease of 11.0% from HK$48,082,000 in the same period of 2019[102]. - Revenue from external customers in Hong Kong was HK$38,456,000, down 11.0% from HK$43,592,000 in 2019, while revenue from the PRC was HK$3,954,000, down 12.0% from HK$4,490,000[102]. Operational Challenges - The overall performance reflects the challenges posed by external factors such as the US-China trade war and COVID-19[21]. - The uncertainty in the Hong Kong property market may affect demand for construction and ancillary services, prompting the Group to seek alternative business opportunities[21]. - The Group aims to reduce reliance on the Hong Kong property market by diversifying its business portfolio[21]. - The Group is actively exploring opportunities in the health industry and financial services to broaden its revenue and profit base[21]. Employee and Remuneration - The Group maintained 26 employees as of 30 June 2020, with total remuneration paid amounting to HK$6.7 million, down from HK$8.6 million for the same period in 2019[41]. - The Group's remuneration policy aims to maintain competitive packages based on business requirements and industry practices[41]. - The total remuneration for key management personnel was HK$4,099,000 for the six months ended June 30, 2020, compared to HK$4,349,000 for the same period in 2019, showing a decrease of approximately 5.8%[175]. Financial Position - As of June 30, 2020, the Group reported total cash and bank balances of HK$28.0 million, a decrease from HK$33.2 million as of December 31, 2019[44]. - The Group maintained a net current asset position of HK$138.7 million as of June 30, 2020, compared to HK$133.7 million as of December 31, 2019, with a current ratio of approximately 6.04 times[44]. - The total equity as of June 30, 2020, was HK$142,577,000, up from HK$138,923,000 at the beginning of the year[63]. - The Group had no significant contingent liabilities or capital commitments as of June 30, 2020, maintaining a stable financial position[50]. - The gearing ratio of the Group was nil as of June 30, 2020, indicating no interest-bearing liabilities[44]. Cash Flow and Investments - Operating cash flows before movements in working capital were HK$6,349,000, a significant increase from HK$1,138,000 in the previous year[66]. - Cash used in operating activities was HK$2,810,000, a reduction from HK$55,150,000 in the prior year[66]. - The net cash generated from investing activities was HK$25,000, while net cash used in financing activities was HK$2,339,000[69]. - The company reported a net decrease in cash and cash equivalents of HK$5,124,000 for the period[69]. Shareholder Information - As of June 30, 2020, Mr. LEONG holds 225,100,000 shares, representing approximately 45.02% of the issued shares[183]. - Ms. SHEN owns 149,900,000 shares, accounting for about 29.98% of the issued shares[183]. - The total number of issued shares as of June 30, 2020, is 500,000,000[183]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2020, consistent with the previous year where no dividend was declared[119]. Share Option Scheme - No share options have been granted under the Share Option Scheme as of June 30, 2020[191]. - The purpose of the Share Option Scheme is to motivate eligible participants to optimize their performance for the benefit of the Group[195]. - The eligible participants include employees, directors, customers, and suppliers who contribute to the Group's growth[196]. - The company aims to attract and retain eligible participants whose contributions are beneficial to the long-term growth of the Group[200].
旷逸国际(01683) - 2020 - 中期财报