Revenue Performance - The Group recorded revenue of approximately HK$168.0 million for the six months ended 30 September 2021, representing an increase of 22.4% compared to HK$137.2 million for the same period in 2020[28]. - The lifestyle entertainment segment contributed an increase of approximately HK$9.2 million in revenue due to the gradual recovery of market conditions post-COVID-19[28]. - Revenue from club and restaurant operations in Hong Kong was HKD 18,036,000, an increase from HKD 8,804,000[188]. - Revenue from property management contracts in the PRC reached HKD 149,993,000, up from HKD 128,411,000[188]. - Total revenue for the group was HKD 168,029,000, compared to HKD 137,215,000 in the previous period[188]. - Revenue from property management contracts with a significant customer amounted to approximately $13 million for the six months ended September 30, 2021, compared to $19 million for the same period in 2020, indicating a decrease of about 31.6%[191]. Financial Performance - The Group recorded a net profit of approximately HK$8.6 million for the six months ended 30 September 2021, compared to a net loss of approximately HK$7.0 million for the same period in 2020[40]. - Profit for the period was HKD 8,641,000, a significant recovery from a loss of HKD 7,029,000 in the previous year[143]. - Basic and diluted earnings per share increased to 2.3 cents from a loss of 1.9 cents per share in the prior year[141]. - Total comprehensive income for the period was HKD 12,536,000, compared to HKD 525,000 in the same period last year[143]. Expenses and Costs - Staff costs increased by approximately 19.3% or HK$11.9 million to approximately HK$73.5 million for the six months ended 30 September 2021, up from HK$61.6 million in the same period in 2020[29]. - Advertising and marketing expenses rose by approximately 177.8% or HK$1.6 million to HK$2.5 million for the six months ended 30 September 2021, compared to HK$0.9 million in the previous year[33]. - Utilities expenses increased by approximately HK$3.7 million or 57.8% for the six months ended 30 September 2021[34]. - Repair and maintenance expenses increased by approximately HK$1.1 million or 13.3% for the same period, primarily due to new hygiene measures implemented in response to COVID-19[34]. - The decrease in other operating expenses was approximately 2.8% or HK$0.4 million, totaling approximately HK$13.8 million for the six months ended 30 September 2021[38]. Assets and Liabilities - Total current assets were approximately HK$358.3 million and current liabilities were approximately HK$298.8 million as of 30 September 2021, resulting in a current ratio of 1.2 times[41]. - Cash at bank and in hand was approximately HK$252.2 million as of 30 September 2021, up from HK$227.1 million as of 31 March 2021[45]. - Total interest-bearing borrowings amounted to approximately HK$105.9 million as of 30 September 2021, with a gearing ratio of approximately 0.71[46]. - The Group's equity was approximately HK$148.2 million as of 30 September 2021, an increase from HK$135.7 million as of 31 March 2021[56]. - Net current assets decreased to HK$59,477,000 from HK$122,106,000, a decline of 51.2%[151]. - Total assets less current liabilities decreased to HK$180,931,000 from HK$244,869,000, a decline of 26.1%[151]. Shareholder Information - The Company conditionally agreed to issue 118,000,000 shares at a subscription price of HK$0.63 per share for a total consideration of HK$74,340,000[50]. - As of September 30, 2021, the company had 374,984,000 shares issued[100]. - Zheng Jian Jiang held a long position of 219,950,000 shares, representing approximately 58.66% of the issued share capital[99]. - Ze Hui Limited, a controlled corporation, also held 219,950,000 shares, equating to 58.66% of the issued share capital[99]. - Xu Xingen was a beneficial owner of 32,400,000 shares, which is approximately 8.64% of the issued share capital[99]. - Chen Yongan held 21,600,000 shares, representing about 5.76% of the issued share capital[99]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code during the six months ended 30 September 2021[119]. - The company confirmed full compliance with the standards set out in the Listing Rules regarding securities trading by directors as of September 30, 2021[88]. - The interests of directors and chief executives in shares and debentures were disclosed in accordance with the Securities and Futures Ordinance[90]. - The Audit Committee reviewed the financial reporting process and internal control procedures for the six months ended September 30, 2021[121]. Business Strategy and Future Outlook - The Group aims to maintain its status as a leading nightlife entertainment service provider in Hong Kong as the industry recovers from COVID-19[21]. - The Group plans to explore different business and investment opportunities to diversify its income streams[71]. - The Group expects to fund its capital expenditures and working capital from net proceeds from share placements and cash generated from operations[45]. - The Group will review and adjust its hedging and financial strategies based on the RMB and HKD exchange rate movements[73]. Segment Information - The group operates primarily in the clubbing business and restaurant and bar outlets, along with property management services[182]. - The group has identified two reportable segments for internal performance assessment and resource allocation[184]. - The measure used for reporting segment profit is "adjusted EBITDA," which includes adjustments for items not specifically attributed to individual segments, such as other revenue and corporate administration costs[199]. - The revenue disaggregation by service lines and geographical location is crucial for evaluating market trends and customer engagement[190].
奥克斯国际(02080) - 2022 - 中期财报