Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 18,625,000, a decrease of 8.8% from HKD 20,425,000 in the same period of 2020[43] - Gross profit for the same period was HKD 16,164,000, down from HKD 18,018,000, reflecting a decline of 10.3%[43] - Operating loss for the six months was HKD 7,470,000, significantly improved from a loss of HKD 28,796,000 in the prior year, indicating a reduction of 74.0%[43] - Loss before tax was HKD 7,714,000, compared to HKD 29,917,000 in the previous year, marking a decrease of 74.2%[43] - Net loss for the period was HKD 9,245,000, down from HKD 31,614,000, representing a 70.8% improvement[43] - The company reported a total segment loss of HKD 8,534,000 for the first half of 2021, compared to a loss of HKD 30,589,000 in the same period of 2020[82] - The company reported a loss attributable to shareholders of HKD 9,245,000 for the six months ended June 30, 2021, compared to a loss of HKD 31,614,000 for the same period in 2020, representing a 70.8% improvement in losses[98] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 1,436,161,000, a slight decrease from HKD 1,455,549,000 at the end of 2020[46] - Total liabilities decreased to HKD 106,977,000 from HKD 117,120,000, reflecting a reduction of 8.7%[50] - The company's equity attributable to owners was HKD 1,329,184,000, down from HKD 1,338,429,000, a decrease of 0.8%[50] - Total segment assets as of June 30, 2021, amounted to HKD 1,359,360,000, with office property assets at HKD 879,874,000[84] - Total liabilities as of June 30, 2021, were HKD 106,977,000, with segment liabilities of HKD 17,231,000[84] Cash Flow and Management - Cash and bank balances increased to HKD 79,078,000 from HKD 78,063,000, showing a growth of 1.3%[46] - Operating cash flow for the six months ended June 30, 2021, was HKD 10,482,000, compared to HKD 8,384,000 for the same period in 2020, representing a 25.0% increase[56] - Net cash from operating activities was HKD 10,482,000, while cash used in financing activities was HKD (10,399,000), showing a significant reduction in cash outflow compared to HKD (18,699,000) in the previous year[56] - The group repaid borrowings amounting to HKD (10,155,000), a significant decrease from HKD (49,373,000) in the previous year, indicating improved cash management[56] - The group did not receive any new borrowings during the current period, contrasting with HKD 30,700,000 received in the same period last year[56] Revenue Sources - Office property rental income decreased to HKD 10,449,000, down 18.9% from HKD 12,882,000 year-on-year[72] - Retail property rental income increased to HKD 6,389,000, up 17.7% from HKD 5,429,000 in the previous year[72] - Property management fee income was HKD 6,224,000, a decrease of 9.0% from HKD 6,842,000 in the same period last year[72] - For the six months ended June 30, 2021, the group recorded rental income of approximately HKD 16.8 million, a decrease from HKD 18.3 million in 2020, with 62.1% from office properties and 37.9% from retail properties[142] Investment and Future Plans - The company plans to continue focusing on property management and rental services to enhance revenue streams moving forward[74] - The group aims to explore investment opportunities in financial services and technology to diversify revenue sources and reduce reliance on a single geographic market[144] - The company plans to utilize the remaining unutilized proceeds for acquiring new investment properties by December 31, 2021[162] - The company has allocated HKD 194.0 million for various purposes, including HKD 174.6 million for new investment properties and HKD 9.7 million for enhancing property management services[162] Compliance and Governance - The company has established an audit committee to review the interim results for the six months ended June 30, 2021[183] - The company confirms compliance with all relevant provisions of the corporate governance code as of June 30, 2021[181]
晋安实业(02292) - 2021 - 中期财报