Financial Performance - The group's revenue for the reporting period was approximately HKD 170,000,000, an increase of about HKD 65,500,000 or 62.7% compared to HKD 104,500,000 for the same period last year[6]. - The loss attributable to owners of the company was approximately HKD 15,600,000, compared to HKD 10,200,000 for the same period last year, representing an increase of about 53.9%[6]. - The overall gross loss for the group was approximately HKD 15,200,000, an increase of about HKD 3,400,000 or 28.8% compared to HKD 11,800,000 for the same period last year[11]. - The company incurred a loss of HKD 15,598,000 for the six months ended September 30, 2021, compared to a loss of HKD 10,174,000 in the previous year, indicating a deterioration in financial performance[26]. - The company reported a pre-tax loss of HKD 15,752,000 for the six months ended September 30, 2021, compared to a pre-tax loss of HKD 10,973,000 in the same period of 2020, representing a deterioration in financial performance[34]. - The company's total comprehensive expenses for the period amounted to HKD 15,584,000, compared to HKD 10,169,000 in the previous year, reflecting an increase of approximately 53.5%[26]. Revenue Segments - The construction and site preparation services segment generated revenue of approximately HKD 113,800,000, an increase of about HKD 29,700,000 compared to the previous year[8]. - The liquefied natural gas trading segment recorded revenue of approximately HKD 56,200,000, an increase of about HKD 35,800,000 or 175.5% compared to HKD 20,400,000 last year[9]. - The company’s construction and site preparation services in Hong Kong generated revenue of HKD 113,805,000, up from HKD 84,113,000 in the prior year, marking a growth of approximately 35.4%[32]. - The company’s sales of goods amounted to HKD 56,195,000, significantly higher than HKD 20,363,000 in the same period last year, representing an increase of approximately 176.5%[32]. - Revenue from external customers for the six months ended September 30, 2021, was HKD 170,000,000, an increase of 62.5% compared to HKD 104,476,000 for the same period in 2020[34]. Expenses and Costs - Administrative expenses decreased by approximately HKD 2,600,000 or 34.7%, totaling about HKD 4,900,000 compared to HKD 7,500,000 last year[11]. - The total employee cost for the group during the reporting period was approximately HKD 39,400,000, a decrease from HKD 42,600,000 for the same period in 2020[18]. - Total employee costs decreased to HKD 39,395,000 in 2021 from HKD 42,567,000 in 2020, reflecting a reduction of approximately 7.5%[39]. - The group experienced an increase in sales costs due to unexpected material cost rises and delays in a major engineering project[11]. Assets and Liabilities - As of September 30, 2021, the group's bank balance was approximately HKD 4,500,000, down from HKD 7,800,000 as of March 31, 2021[15]. - The group's non-current assets decreased from HKD 3,602,000 as of March 31, 2021, to HKD 1,905,000 as of September 30, 2021[24]. - The group's net current assets decreased from HKD 42,750,000 as of March 31, 2021, to HKD 28,718,000 as of September 30, 2021[24]. - The group's asset-liability ratio was zero as of September 30, 2021, consistent with the previous period[15]. - Trade receivables from customer contracts increased to HKD 18,311,000 as of September 30, 2021, from HKD 15,875,000 as of March 31, 2021, indicating a rise of approximately 15.7%[43]. - The company's contract assets decreased to HKD 42,057,000 as of September 30, 2021, from HKD 61,927,000 as of March 31, 2021, reflecting a decline of about 32%[44]. Dividends and Shareholder Information - The group did not declare any interim dividend for the reporting period, consistent with the previous year[6]. - The company did not declare any dividends during the interim period, consistent with the previous year[41]. - The major shareholder, Jiebao Group Limited, holds 225,330,000 shares, representing 28% of the total equity[50]. - As of September 30, 2021, the total number of issued and fully paid shares was 804,750,000, maintaining the same number as March 31, 2021[14]. Governance and Compliance - The company has adopted corporate governance policies in line with the requirements of the listing rules, ensuring compliance with all applicable codes[56]. - The audit committee has been established in accordance with the listing rules, serving as a key communication channel among directors, external auditors, and management[58]. - The unaudited condensed consolidated interim results and financial statements for the reporting period were reviewed and approved by the audit committee[59]. - The company has confirmed compliance with the relevant provisions of the standard code during the reporting period[57]. - The company has not adopted any new accounting standards that would have a significant impact on the financial statements for the reporting period[31]. Future Outlook and Opportunities - The outlook for the construction and site preparation services is positive, supported by government infrastructure investments aimed at stimulating economic growth[13]. - The group is actively seeking potential business opportunities in Hong Kong and China to expand revenue sources and enhance shareholder value[14]. - The company has no plans for any major investments or capital assets in the future[48]. - No significant investments or acquisitions were made during the reporting period[47].
世纪集团国际(02113) - 2022 - 中期财报