Financial Performance - Total revenue for the period was approximately HKD 541.3 million, a decrease of about HKD 36.2 million or 6.3% compared to the previous period[10] - Revenue from the IT infrastructure solutions segment was approximately HKD 481.2 million, down HKD 36.0 million or 7.0% from the previous period[10] - Gross profit decreased by approximately HKD 11.7 million or 16.4% to HKD 59.7 million, primarily due to reduced sales in IT infrastructure solutions and management services[12] - Profit for the period decreased by approximately HKD 8.8 million or 40.6% to HKD 12.9 million[15] - The company reported a pre-tax profit of HKD 15,575,000, down 37.0% from HKD 24,662,000 in the prior year[63] - The net profit attributable to the company's owners was HKD 12,843,000, a decline of 41.0% from HKD 21,780,000 in the previous year[63] - Total comprehensive income for the period was HKD 12,851,000, a decrease of 40.7% compared to HKD 21,615,000 in the previous year[63] - The profit for the six months ended September 30, 2021, was HKD 12,843,000, a decrease of 41% compared to HKD 21,780,000 for the same period in 2020[104] Expenses and Costs - Operating expenses totaled approximately HKD 42.9 million, a decrease of about HKD 1.3 million or 3.1% from the previous period[14] - Total employee costs, including directors' remuneration, amounted to approximately HKD 52.4 million, compared to HKD 51.0 million in the previous period[27] - The company incurred administrative expenses of HKD 14,318,000 during the reporting period, which contributed to the decrease in pre-tax profit[88] - Depreciation expenses for the six months ended September 30, 2021, amounted to HKD 5,098,000, compared to HKD 4,976,000 for the same period in 2020[98] - The cost of inventory recognized as an expense was HKD 435,383,000, down 5.9% from HKD 462,721,000 in 2020[102] Assets and Liabilities - The group recorded net current assets of approximately HKD 194.0 million, down from HKD 209.7 million in the previous period[17] - Cash and cash equivalents were approximately HKD 140.2 million, a decrease from HKD 234.8 million in the previous period[17] - As of September 30, 2021, total assets decreased to HKD 421,012 thousand from HKD 474,730 thousand, representing a decline of approximately 11.3%[65] - The company reported a total equity of HKD 203,671 thousand as of September 30, 2021, down from HKD 220,820 thousand as of March 31, 2021, indicating a decrease of about 7.8%[68] - The company’s total liabilities decreased to HKD 227,040 thousand from HKD 265,027 thousand, a reduction of about 15.3%[65] - The retained earnings as of September 30, 2021, were HKD 55,502 thousand, down from HKD 72,659 thousand as of March 31, 2021, indicating a decrease of approximately 23.6%[68] Shareholder Information - The interim dividend declared is HKD 0.04 per share, totaling HKD 12 million, down from HKD 0.05 per share in the previous period[28] - The company declared an interim dividend of HKD 0.04 per share, totaling HKD 12,000,000, compared to HKD 15,000,000 for the same period in 2020[103] - As of September 30, 2021, the company had issued 300,000,000 shares, with major shareholder Yang Chunqing holding 54.9% through Microware International Holdings Limited[49][50] Employee and Management - The group has a total of 254 employees as of September 30, 2021, down from 281 employees the previous year[27] - The total short-term benefits for executive directors and key management personnel increased to HKD 5,529, up from HKD 4,758 in the previous year[124] Future Plans and Strategies - The group aims to explore future business opportunities and expand into new markets while maintaining optimal capital and debt structures to minimize financial risks[38] - The group plans to utilize the remaining unutilized proceeds for upgrading IT management systems and enhancing capabilities for large contracts by December 31, 2022[36] - The group has not made any significant acquisitions or disposals during the period, nor does it have future plans for major investments or capital assets as of September 30, 2021[32] Market Performance - Revenue from public sector clients, including the Hong Kong government and educational institutions, totaled HKD 277,716,000, which is 51.3% of total revenue for the period[84] - The total revenue from private sector clients was HKD 263,629,000, representing 48.7% of total revenue for the period[84] - Revenue from the procurement of hardware and software was HKD 479,617,000, accounting for 88.7% of total revenue for the six months ended September 30, 2021[80] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2021, was HKD (63,084) thousand, compared to HKD 11,343 thousand for the same period in 2020[71] - The company incurred a net cash outflow from financing activities of HKD (29,171) thousand for the six months ended September 30, 2021, compared to HKD (48,719) thousand in the previous year[71] - The cash and cash equivalents at the end of the period were HKD 140,180 thousand, down from HKD 182,847 thousand at the end of the previous year[71] Credit and Receivables - The total trade and other receivables amounted to HKD 193,875,000, an increase of 24.9% from HKD 155,342,000 as of March 31, 2021[108] - The company has established credit reviews for potential customers to assess credit quality and define credit limits[109] - The company has no impairment loss provisions for trade and other receivables during the reporting period, consistent with the previous year[108]
美高域(01985) - 2022 - 中期财报