Revenue and Profitability - The group's revenue for the period was approximately HKD 88.7 million, an increase of about 12.3% compared to approximately HKD 79.0 million for the same period last year[18]. - The net profit attributable to the company's owners was approximately HKD 9.3 million, a decrease of about 32.1% compared to approximately HKD 13.7 million in the same period last year[28]. - The company reported revenue of HKD 88,715,000 for the six months ended September 30, 2021, an increase of 12.9% compared to HKD 79,003,000 in the same period last year[72]. - The company recorded a profit before tax of HKD 11,095,000, down 32.9% from HKD 16,546,000 in the previous year[72]. - The total comprehensive income for the period was HKD 9,295,000, up from HKD 13,671,000 in the previous year, indicating a decrease in profitability[77]. - The group reported a decrease in accrued expenses to HKD 1,066,000 from HKD 6,812,000 as of March 31, 2021[115]. Gross Profit and Margins - The gross profit decreased by approximately HKD 1.3 million or 4.5% to about HKD 27.7 million, with the overall gross margin dropping from approximately 36.7% to about 31.2%[21]. - Gross profit for the period was HKD 27,669,000, a decrease of 4.6% from HKD 29,021,000 year-on-year[72]. Expenses - Selling and distribution expenses increased by approximately 15.3% to about HKD 12.0 million, primarily due to increases in short-term lease expenses and advertising costs[23]. - The group incurred tax expenses of HKD 1,800,000 for the current year, a decrease of 37.5% from HKD 2,875,000 in the previous year[99]. Assets and Liabilities - As of September 30, 2021, the group's inventory was approximately HKD 119.2 million, a slight increase of about HKD 0.3 million from HKD 118.9 million as of March 31, 2021[29]. - The company's total liabilities decreased from HKD 33,547,000 to HKD 8,628,000, indicating a significant reduction in financial obligations[1]. - The company's cash and cash equivalents decreased to HKD 22,580,000 as of September 30, 2021, down from HKD 61,078,000 at the end of the previous year[80]. - The group's current assets net value was approximately HKD 147.5 million, with the current ratio increasing from about 5.1 times to approximately 18.1 times[30]. Shareholder Information - The company’s issued share capital was HKD 4,000,000, with 400,000,000 shares issued at a par value of HKD 0.01 each[35]. - The major shareholder, Mr. Siu Muk Lung, held 282,910,000 shares, representing approximately 70.73% of the total shares issued[50]. - The group did not declare any dividends for the six months ended September 30, 2021, consistent with the same period in 2020[105]. Operational Highlights - The group plans to expand its sales network and increase advertising and marketing activities to enhance market share among Indonesian and Filipino users[17]. - The group has introduced two new prepaid products with data allowances of 80GB and 88GB, available for HKD 100 and HKD 88 respectively[16]. - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 6,342,000, a significant improvement from a net cash used of HKD 9,504,000 in the same period of 2020[80]. Other Financial Information - Other income for the period was approximately HKD 0.7 million, a decrease of about 78.1% from approximately HKD 3.2 million in the same period last year[22]. - The effective tax rate for the period was approximately 16.2%, down from 17.4% in the same period last year[27]. - The company had no capital commitments as of September 30, 2021, compared to approximately HKD 0.3 million as of March 31, 2021[41]. - There were no significant contingent liabilities as of September 30, 2021[48]. - The group did not declare any dividends for the six months ended September 30, 2021, consistent with the same period in 2020[105].
恒月控股(01723) - 2022 - 中期财报