Financial Performance - For the six months ended September 30, 2021, the group recorded revenue of approximately HKD 223.4 million, an increase of approximately HKD 138.8 million or 164.1% compared to HKD 84.6 million for the same period in 2020[6]. - Gross profit for the same period was approximately HKD 11.6 million, up by approximately HKD 10.0 million or 625.0% from HKD 1.6 million in the prior year, with a gross margin of approximately 5.2%[6]. - Loss attributable to owners of the company was approximately HKD 0.3 million, a decrease of approximately HKD 5.7 million or 95.0% compared to a loss of HKD 6.0 million in the same period last year[6]. - Revenue for the six months ended September 30, 2021, was HKD 223,408 thousand, a significant increase from HKD 84,585 thousand in the same period of 2020, representing a growth of 164.5%[13]. - Gross profit for the same period was HKD 11,616 thousand, compared to HKD 1,640 thousand in 2020, indicating a substantial increase of 608.5%[13]. - The company reported a net loss attributable to owners of HKD 331 thousand for the six months ended September 30, 2021, a significant improvement from a loss of HKD 6,015 thousand in the prior year[13]. Dividends and Shareholder Returns - The board has resolved not to declare any interim dividend for the six months ended September 30, 2021, consistent with the previous year[6]. - The company has not declared any dividends during the reporting period, maintaining a focus on reinvestment[16]. - The company did not declare any interim dividends for the six months ended September 30, 2021, consistent with the previous year[29]. - The board of directors resolved not to declare any interim dividend for the six months ended September 30, 2021[53]. Business Strategy and Development - The group is exploring business expansion opportunities and conducting feasibility studies on integrating more environmental technology elements into the construction industry[9]. - The latest government policy report on the Northern Metropolis development strategy presents new opportunities for the group, necessitating the exploration of various funding channels to support future business development[9]. - The group aims to enhance its sustainable development capabilities by focusing on environmental technology and leveraging opportunities in the green construction industry[9]. - The company is actively pursuing new strategies for market expansion and product development, although specific details were not disclosed in the financial report[16]. Financial Position and Assets - Trade receivables increased to HKD 50,291 thousand as of September 30, 2021, up from HKD 10,126 thousand as of March 31, 2021, reflecting a growth of 396.5%[14]. - Current liabilities rose to HKD 284,501 thousand as of September 30, 2021, compared to HKD 212,752 thousand as of March 31, 2021, an increase of 33.7%[14]. - Cash and cash equivalents decreased to HKD 49,229 thousand as of September 30, 2021, down from HKD 88,960 thousand as of March 31, 2021, a decline of 44.1%[14]. - The total assets less current liabilities stood at HKD 167,728 thousand as of September 30, 2021, slightly down from HKD 167,957 thousand as of March 31, 2021[15]. - The company reported a net cash outflow from operating activities of HKD 38,961 thousand for the six months ended September 30, 2021, compared to a net cash inflow of HKD 21,069 thousand in the same period of 2020[17]. - Trade receivables as of September 30, 2021, amounted to HKD 50,291,000, up from HKD 10,126,000 as of March 31, 2021, indicating a substantial increase of 396%[33][34]. - Contract assets as of September 30, 2021, were HKD 147,691,000, compared to HKD 84,597,000 as of March 31, 2021, reflecting a growth of 74.4%[24]. Expenses and Liabilities - Employee benefits expenses, including salaries and wages, increased to HKD 17,987,000 for the six months ended September 30, 2021, up from HKD 13,542,000 in 2020, reflecting a rise of approximately 32.5%[29]. - The company had a total administrative and other expenses of approximately HKD 11.9 million, an increase of about HKD 2.0 million or 20.2% compared to HKD 9.9 million for the same period in 2020[49]. - Trade payables increased significantly to HKD 105,242,000 as of September 30, 2021, compared to HKD 38,964,000 as of March 31, 2021, marking an increase of approximately 170%[36][37]. - The company had no significant outstanding debts other than certain liabilities, including lease liabilities, as of September 30, 2021[49]. Share Capital and Ownership - As of September 30, 2021, the controlling shareholders held 540 million shares, representing approximately 67.5% of the company's equity[57]. - Shiny Golden holds 540,000,000 shares, representing 67.5% of the company's equity[60]. - UG China Venture II Limited and UG Capital Limited each hold 40,000,000 shares, accounting for 5% of the company's equity[60]. - The company has maintained sufficient public float as of September 30, 2021, in accordance with listing rules[63]. Audit and Compliance - The audit committee was established on July 25, 2018, and is responsible for reviewing financial statements and overseeing external auditors[64]. - The interim financial statements for the six months ended September 30, 2021, were reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards[65].
晋景新能(01783) - 2022 - 中期财报