Financial Performance - The group's revenue for the six months ended September 30, 2020, was approximately HKD 104.5 million, a decrease of about HKD 31.5 million or 23.2% compared to HKD 136 million for the same period in 2019[5][11] - The net loss attributable to the company's owners was approximately HKD 10.2 million, compared to a profit of HKD 0.2 million for the same period in 2019[5][13] - The basic and diluted loss per share was approximately HKD 1.26, compared to earnings of HKD 0.03 per share for the same period in 2019[5] - The gross loss for the period was HKD 11,828,000, compared to a gross profit of HKD 10,713,000 in the previous year[23] - The net loss attributable to the owners of the company for the period was HKD 10,174,000, compared to a profit of HKD 249,000 in the same period last year[23] - The group reported a pre-tax loss of HKD (10,973) thousand for the six months ended September 30, 2020, compared to a pre-tax loss of HKD (584) thousand in the same period of 2019[36] Revenue Breakdown - The construction and site preparation services segment generated revenue of approximately HKD 84.1 million, a decrease of about HKD 51.9 million compared to the same period in 2019[7] - The group engaged in the trading of liquefied natural gas, generating revenue of approximately HKD 20.4 million during the reporting period, with expectations for increased revenue in winter[10] - Revenue from the sale of liquefied natural gas was HKD 20,363 thousand for the six months ended September 30, 2020, with no revenue reported in the same period of 2019[33] - Total revenue from construction contracts decreased to HKD 84,113 thousand in 2020 from HKD 136,044 thousand in 2019, representing a decline of approximately 38.2%[33] - The total revenue for the six months ended September 30, 2020, was HKD 104,476 thousand, down from HKD 136,044 thousand in 2019, indicating a decrease of about 23.2%[34] Expenses and Costs - The group's administrative expenses decreased by approximately HKD 4.1 million or 35.3% to approximately HKD 7.5 million compared to HKD 11.6 million in the same period in 2019[13] - The total administrative expenses were approximately HKD 7,466,000, down from HKD 11,558,000 in the prior year, indicating a reduction of 35.5%[23] - The group incurred financing costs of HKD 10 thousand for lease liabilities in the six months ended September 30, 2020, compared to HKD 625 thousand in 2019, indicating a reduction in financing costs[38] - Total employee costs increased to HKD 42,567,000 in 2020 from HKD 37,229,000 in 2019, representing a growth of approximately 14.5%[41] - The company reported a decrease in short-term benefits from HKD 3,175,000 in 2019 to HKD 2,687,000 in 2020, representing a decline of approximately 15.3%[53] Project and Contract Information - The group completed four projects during the reporting period, with a total contract value of approximately HKD 23.8 million, compared to two new projects with a total contract value of approximately HKD 50.3 million in the same period in 2019[7] - As of September 30, 2020, the group had ten projects on hand with a total contract value of HKD 504.1 million, compared to six projects with a remaining total contract value of HKD 166.2 million as of September 30, 2019[8] - The company reported contract assets of HKD 44,699,000 as of September 30, 2020, down from HKD 56,475,000 at the end of March 2020[45] Cash and Liquidity - As of September 30, 2020, the group's bank balance was approximately HKD 10,400,000, a significant decrease from HKD 27,600,000 as of March 31, 2020[15] - The cash and cash equivalents at the end of the period were HKD 10,400 thousand, down from HKD 14,261 thousand at the end of September 2019, reflecting a decrease of approximately 26.5%[12] - The net cash used in operating activities for the six months ended September 30, 2020, was HKD (15,894) thousand, an improvement from HKD (36,309) thousand in the same period of 2019[12] Other Income and Support - Other income for the reporting period was approximately HKD 8.3 million, an increase of about HKD 7.4 million or 822.2% compared to approximately HKD 0.9 million in the same period in 2019[12] - The group received HKD 7,896 thousand in employment support subsidies during the reporting period, which was not present in the previous year[37] Shareholder and Governance Information - The major shareholder, Jiebao Group Limited, holds 225,330,000 shares, representing 28% of the company's equity[60] - The company did not declare or pay any dividends during the interim period, consistent with the previous year[44] - The board has decided not to declare any interim dividends for the reporting period[61] - The company has adhered to all provisions of the corporate governance code during the reporting period[63] - The audit committee has reviewed and approved the unaudited interim results and financial statements[66] Employment and Staffing - The group employed 197 staff members as of September 30, 2020, down from 211 employees as of March 31, 2020[18] Asset and Liability Overview - The total assets as of September 30, 2020, were approximately HKD 84,234,000, compared to HKD 106,987,000 as of March 31, 2020[24] - The group reported a total equity of HKD 67,455,000 as of September 30, 2020, down from HKD 77,624,000 as of March 31, 2020[24] - Trade receivables rose to HKD 7,829,000 as of September 30, 2020, compared to HKD 4,368,000 at the end of March 2020, indicating a significant increase of approximately 79.5%[46] - Trade payables decreased to HKD 10,869,000 as of September 30, 2020, from HKD 16,363,000 at the end of March 2020, reflecting a decline of about 33.5%[47] - The company has no capital commitments or contingent liabilities as of September 30, 2020[20][21] Future Plans and Strategy - The company plans to continue focusing on land leveling projects in Hong Kong and LNG trading in China, while seeking new business opportunities to enhance revenue sources[14] - The company has no future plans for significant investments or capital assets[55] - There were no significant investments, acquisitions, or disposals during the reporting period[54]
世纪集团国际(02113) - 2021 - 中期财报