Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 48,076,000, representing an increase of 43.8% compared to HKD 33,412,000 for the same period in 2020[13] - Gross profit for the same period was HKD 10,656,000, down 24.3% from HKD 14,141,000 in 2020[13] - Operating profit decreased to HKD 637,000, a decline of 91.0% from HKD 7,083,000 in the previous year[13] - Profit attributable to owners of the company for the period was HKD 1,923,000, a decrease of 82.3% compared to HKD 10,856,000 in 2020[13] - Basic and diluted earnings per share were HKD 0.71, down from HKD 4.02 in the same period last year[13] - The group reported a profit before tax of HKD 1,923,000 for the six months ended September 30, 2021, down from HKD 10,856,000 in the previous year, indicating a decline of 82.3%[48] - Profit before tax for the six months ended September 30, 2021, was approximately HKD 2.3 million, down from HKD 11.2 million for the same period in 2020[82] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 109,660,000, an increase from HKD 106,829,000 as of March 31, 2021[15] - Total equity increased to HKD 96,551,000 from HKD 94,628,000 as of March 31, 2021[15] - Trade receivables increased to HKD 7,053,000 from HKD 6,569,000 as of March 31, 2021[15] - Cash and cash equivalents were HKD 84,715,000, slightly up from HKD 84,356,000 as of March 31, 2021[15] - Non-current liabilities increased to HKD 757,000 from HKD 699,000 as of March 31, 2021[17] - Trade receivables as of September 30, 2021, were HKD 8,187,000, an increase from HKD 7,483,000 as of March 31, 2021[54] - Trade payables increased from HKD 616,000 as of March 31, 2021, to HKD 1,023,000 as of September 30, 2021[58] Cash Flow - Operating cash flow for the period was HKD 1,710,000, a decrease of 88.4% from HKD 14,697,000 in the same period last year[22] - The company’s total cash and cash equivalents increased to HKD 84,715,000 as of September 30, 2021, compared to HKD 97,243,000 at the end of the previous year, reflecting a decrease of 12.9%[22] - The company’s financing activities resulted in a net cash outflow of HKD 676,000, slightly improved from HKD 709,000 in the previous period, indicating better management of financing costs[22] Strategic Initiatives - The company has invested HKD 700,000 in a joint venture during the reporting period, indicating a strategic move towards collaboration and expansion[22] - The company plans to enhance its digital media platform to capture a larger market share in the advertising sector[32] - The company is focusing on developing new technologies and products to improve service delivery and customer engagement in the media sector[32] - The group plans to enhance brand awareness and diversify future events and content in response to challenges in the advertising and media industry[69] - The group plans to expand its business into online shopping to diversify its operations and revenue sources[93] Income and Expenses - The cost of production increased significantly to HKD 28,576,000 from HKD 12,323,000, reflecting a rise of 132.5%[42] - Sales and distribution expenses for the six months ended September 30, 2021, were approximately HKD 1.8 million, a decrease of about HKD 0.1 million or 5.3% compared to HKD 1.9 million for the same period in 2020[79] - Administrative expenses increased from approximately HKD 5.6 million for the six months ended September 30, 2020, to approximately HKD 8.2 million for the same period in 2021[80] - Employee benefits expenses, including directors' remuneration, totaled approximately HKD 15.5 million for the six months ended September 30, 2021, compared to approximately HKD 11.3 million for the same period in 2020[97] Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2021, consistent with the previous year[49] - As of September 30, 2021, major shareholders hold 67.5% of the issued share capital through Blackpaper Limited[116] Corporate Governance - The company has adopted and complied with the corporate governance code as per the listing rules[131] - The audit committee reviewed the unaudited condensed consolidated financial statements for the period[133] Miscellaneous - The company did not purchase, sell, or redeem any of its listed securities during the period[126] - No significant events affecting the group occurred after the reporting period and up to the date of the interim report[125] - The group has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[89]
毛记葵涌(01716) - 2022 - 中期财报