Financial Performance - Revenue for the six months ended June 30, 2021, was HK$121,604,000, representing an increase of 19.1% compared to HK$102,092,000 for the same period in 2020[12]. - Gross profit for the period was HK$38,840,000, with a gross profit margin of approximately 31.98%[12]. - Profit attributable to owners of the parent for the period was HK$7,921,000, an increase of 6.9% from HK$7,408,000 in the prior year[12]. - The Group recorded a substantial increase in revenue by 19.1% on a period-to-period basis, with net profit increasing by 6.8% to approximately HK$7.9 million[17]. - Total comprehensive income for the period was HK$8,494,000, compared to HK$6,817,000 in 2020, representing an increase of approximately 24.7%[160]. - Profit before tax for the six months ended June 30, 2021, was HK$9,872,000, a marginal decrease from HK$9,916,000 in the previous year[158]. - Basic and diluted earnings per share for the period were HK1.98 cents, compared to HK1.85 cents in the same period of 2020, showing an increase of about 7%[163]. Revenue Breakdown - Revenue from the sale of thermal imaging products declined by approximately 37.2% to HK$43.2 million, accounting for 35.6% of the Group's revenue during the Period[18]. - Revenue from self-stabilised imaging products increased significantly by approximately 136.4% to HK$23.4 million, representing 19.2% of the Group's revenue[22]. - Revenue from general aviation products increased by 135.0% to approximately HK$55.0 million, accounting for 45.2% of the Group's revenue during the Period[22]. - Revenue from thermal imaging products and services decreased by approximately HK$25.6 million, or 37.2%, from approximately HK$68.8 million to approximately HK$43.2 million[36]. - Revenue from self-stabilised imaging products and services increased by approximately HK$13.5 million, or 136.4%, from approximately HK$9.9 million to approximately HK$23.4 million[36]. - Revenue from general aviation products and services increased by approximately HK$31.6 million, or 135.0%, from approximately HK$23.4 million to approximately HK$55.0 million[39]. Assets and Liabilities - Total assets as of June 30, 2021, were HK$405,073,000, slightly down from HK$405,506,000 as of December 31, 2020[14]. - Total liabilities as of June 30, 2021, were HK$354,418,000, compared to HK$351,283,000 as of December 31, 2020[14]. - As of June 30, 2021, the Group reported net current assets of approximately HK$339.3 million, compared to approximately HK$335.6 million as of December 31, 2020[56]. - Cash and cash equivalents were approximately HK$224.2 million as of June 30, 2021, representing an increase of approximately HK$14.0 million compared to approximately HK$210.2 million as of December 31, 2020[56]. - Total current liabilities decreased to HK$46,866,000 from HK$51,189,000, a reduction of 8.54%[184]. - Net assets increased to HK$355,277,000 from HK$351,283,000, reflecting a growth of 1.13%[188]. Operational Strategy - The company is focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[10]. - New product development initiatives are underway to leverage emerging technologies and meet customer demands[10]. - The management is optimistic about future growth prospects, aiming for a continued upward trend in revenue and profitability[10]. - The company plans to explore potential mergers and acquisitions to strengthen its market position[10]. - Ongoing efforts to improve operational efficiency and cost management are expected to contribute positively to financial performance[10]. - The Group is exploring opportunities to expand its business in the education industry, specifically through a cooperation agreement with Menlo Education Inc. to provide STEM education in Hong Kong[29]. Expenses and Costs - Selling and distribution expenses increased by approximately HK$1.5 million, or 12.1%, from approximately HK$12.4 million for the six months ended June 30, 2020, to approximately HK$13.9 million for the six months ended June 30, 2021[49]. - Administrative expenses increased by approximately HK$1.3 million, or 10.2%, from approximately HK$12.7 million for the six months ended June 30, 2020, to approximately HK$14.0 million for the six months ended June 30, 2021[49]. - The Group's other expenses decreased by approximately HK$1.7 million, or 53.1%, primarily due to the recognition of foreign exchange gain for the six months ended June 30, 2021[51]. - The Group's income tax expense decreased by approximately HK$0.5 million, or 20.0%, from approximately HK$2.5 million for the six months ended June 30, 2020, to approximately HK$2.0 million for the six months ended June 30, 2021[51]. Shareholder Information - As of June 30, 2021, Peiport Alpha Ltd. holds 300,000,000 shares, representing a 75% ownership stake in the company[96]. - Mr. Yeung Lun Ching and Ms. Wong Kwan Lik each have an interest in 300,000,000 shares, also reflecting a 75% ownership[96]. - The total number of shares issued as of June 30, 2021, is 400,000,000[96]. - The entire issued share capital of Peiport Alpha is owned 70% by Mr. Yeung and 30% by Ms. Wong[96]. - The company has not granted any rights to acquire shares or debentures to directors or their immediate family during the six months ended June 30, 2021[113]. - The company is approximately 75% owned by Peiport Alpha, with Mr. Yeung and Ms. Wong holding 70% and 30% of Peiport Alpha, respectively[3]. Share Option Scheme - The Share Option Scheme allows for a maximum issuance of 40,000,000 shares, representing 10% of the shares in issue as of the Listing Date and the date of the Interim Report[123]. - Each Eligible Participant can receive share options limited to 1% of the shares in issue within any 12-month period[123]. - The exercise price of the share options must be at least the highest of the closing price on the offer date, the average closing price for the five trading days prior, or the nominal value of the shares[130]. - The Share Option Scheme aims to motivate Eligible Participants to enhance performance efficiency and to attract and retain contributors beneficial to the company's long-term growth[131]. - The Share Option Scheme became effective on January 11, 2019, and will remain in force for 10 years until December 17, 2028[124]. - The company did not grant any share options under the Share Option Scheme during the reporting period[133].
彼岸控股(02885) - 2021 - 中期财报