Financial Performance - Revenue for the six months ended 30 September 2021 amounted to approximately HK$149,225,000, representing an increase of 14.7% compared to HK$129,963,000 for the same period in 2020[28]. - Profit attributable to equity shareholders for the Reporting Period was approximately HK$1,595,000, a significant recovery from a loss of approximately HK$5,711,000 in the previous year[28]. - Basic and diluted earnings per share for the Reporting Period were approximately HK cents 0.17, compared to a loss of approximately HK cents 0.60 for the same period in 2020[28]. - The Group recorded a net profit of approximately HK$1,595,000 for the reporting period, compared to a net loss of approximately HK$5,711,000 for the corresponding period in 2020, indicating a significant recovery[66][68]. - The gross profit for the period was HK$33,421,000, compared to HK$23,911,000 in the previous year, indicating a significant increase of 39.8%[101]. - The profit attributable to equity shareholders of the Company for the period was HK$1,595,000, a turnaround from a loss of HK$5,711,000 in the same period last year[101]. - The earnings per share for the period was HK$0.17, compared to a loss per share of HK$0.60 in the previous year[101]. Revenue Breakdown - Revenue from foundation construction works increased by approximately 42.0%, from approximately HK$91,858,000 to approximately HK$130,455,000, primarily due to an increase in the number of sizeable projects[37]. - Revenue from ground investigation services decreased by approximately 53.9%, from approximately HK$34,175,000 to approximately HK$15,753,000, mainly due to a decrease in the number of sizeable projects tendered[44]. - Revenue from financial services contributed approximately 1.1% of total revenue, amounting to approximately HK$1,634,000, compared to approximately 1.4% in the previous period[35]. - Revenue from trading of beauty and skin care products contributed approximately 0.9% of total revenue, amounting to approximately HK$1,383,000, down from approximately 1.6% in the previous period[36]. - Total revenue from external customers amounted to HK$149,225,000, with segment revenues from foundation construction, ground investigation services, financial services, and trading of beauty and skin care products being HK$130,455,000, HK$15,753,000, HK$1,634,000, and HK$1,383,000 respectively[153]. Operational Efficiency - The Group's performance reflects a recovery trend following the challenges faced in the prior year, indicating improved operational efficiency[28]. - Management remains optimistic about future performance, anticipating further revenue growth driven by increased demand and operational improvements[28]. - The Group will be prudent in tendering potential projects, with future strategies dependent on the evolution of the pandemic[67][69]. - The Group plans to seek cooperation and investment opportunities with high-quality companies in emerging industries in the PRC to diversify and expand its business[71][74]. Expenses and Costs - General and administrative expenses for the Reporting Period were approximately HK$25,912,000, representing a decrease of approximately 4.2% compared to approximately HK$27,040,000 for the six months ended 30 September 2020[56]. - Finance costs increased to approximately HK$5,445,000 from approximately HK$5,212,000, mainly due to increased interest-bearing borrowing from a director of a subsidiary[58]. - The total remuneration cost incurred by the Group for the reporting period was approximately HK$32,090,000, compared to HK$31,622,000 for the six months ended 30 September 2020, reflecting a slight increase of 1.5%[95]. Assets and Liabilities - The Group's net current assets increased by approximately HK$6,566,000 to approximately HK$142,715,000 as of 30 September 2021, primarily due to net cash inflow from operating activities[77][79]. - As of 30 September 2021, the total interest-bearing borrowings increased to approximately HK$241,667,000 from approximately HK$236,138,000 as of 31 March 2021[76][78]. - The Group's cash and bank balances rose to approximately HK$145,806,000 as of 30 September 2021, up from approximately HK$136,947,000 as of 31 March 2021[81][84]. - The gearing ratio as of 30 September 2021 was approximately 131.4%, slightly up from approximately 130.6% as of 31 March 2021[83]. - Total liabilities decreased to HK$281,985 from HK$285,728, showing improved financial stability[171]. Taxation - The tax credit for the Reporting Period was approximately HK$369,000, a change from an income tax expense of approximately HK$1,335,000 for the six months ended 30 September 2020[62]. - The provision for Hong Kong Profits Tax for the period was calculated at a rate of 16.5%, consistent with the previous year[191]. - The provision for Macau Complementary Tax was calculated at 12% of the estimated assessable profits for the periods ended 30 September 2021 and 2020[192]. - The provision for People's Republic of China Income Tax was calculated at 25% of the estimated assessable profits for the period ended 30 September 2021[192]. Strategic Focus - The Company is focusing on enhancing its market presence and exploring new business opportunities to drive future growth[28]. - Continued investment in technology and product development is a priority to meet evolving customer demands and market trends[28]. - The Group aims to expand its market reach through strategic partnerships and potential acquisitions in the coming periods[28]. - The Group has not applied any new standards or interpretations that are not yet effective, and the application of new HKFRSs had no material impact on financial performance[125].
宏基集团控股(01718) - 2022 - 中期财报