Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 677,677,000, representing a 30.8% increase from HKD 517,850,000 in the same period of 2020[6] - Gross profit for the period was HKD 260,028,000, with a gross margin of approximately 38.4% compared to 48.5% in the previous year[6] - Profit before tax decreased to HKD 71,232,000, down 16.7% from HKD 85,552,000 in the prior year[6] - Net profit attributable to shareholders was HKD 57,337,000, a decline of 23.7% from HKD 75,145,000 in the same period of 2020[6] - Basic and diluted earnings per share were HKD 0.14, down from HKD 0.19 in the previous year[8] - Retail business sales increased to HKD 465,331,000 from HKD 304,250,000, a growth of 52.8% year-over-year[27] - Operating services revenue was HKD 176,399,000, slightly up from HKD 172,865,000, indicating a 1.5% increase[27] - The company reported a pre-tax profit of HKD 71,232,000, compared to HKD 85,552,000 in the previous year, reflecting a decrease of 16.8%[32] - The group’s net profit attributable to shareholders for the period was approximately HKD 57.34 million, a significant decrease from HKD 75.15 million in 2020, largely due to a one-time government subsidy received last year[112] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 401,783,000, compared to HKD 401,314,000 as of March 31, 2021[11] - Current liabilities increased to HKD 365,942,000 from HKD 243,962,000, indicating a significant rise in short-term obligations[11] - The company’s current liabilities net value was HKD 9,080,000, indicating a stable financial position[23] - The company’s total liabilities included bank borrowings of HKD 52,022,000 that do not require repayment within one year, indicating manageable debt levels[23] - Trade payables increased to HKD 60,042,000 as of September 30, 2021, from HKD 31,293,000 as of March 31, 2021, representing a growth of 91.8%[69] - Bank borrowings as of September 30, 2021, totaled HKD 200,042,000, up from HKD 131,205,000 as of March 31, 2021, indicating a 52.5% increase[73] - The group had unutilized bank financing of approximately HKD 232.16 million available for future funding needs as of September 30, 2021[118] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 114,286,000, an increase of 9.5% compared to HKD 104,772,000 for the same period in 2020[18] - The net cash used in investing activities amounted to HKD (60,777,000), with significant purchases including financial assets at fair value of HKD (45,000,000) and prepayments for property, plant, and equipment of HKD (957,000)[19] - The net cash raised from financing activities was HKD 373,976,000, compared to HKD 204,931,000 in the previous year, indicating a 82.2% increase in financing[19] - The cash and cash equivalents increased by HKD 38,646,000, reaching HKD 109,500,000 as of September 30, 2021, compared to HKD 67,561,000 in the previous year[19] Dividends and Shareholder Information - The company announced an interim dividend of HKD 0.07 per share for the period, compared to HKD 0.06 per share in the previous year, representing a 16.67% increase[52] - The second interim dividend declared is HKD 0.07 per share, an increase from HKD 0.06 per share in 2020, to be paid on or around December 24, 2021[122] - CKK Investment holds 220,000,000 shares, representing approximately 54.49% of the company's issued shares[143] - Major shareholders include CKK Investment Limited and Amazing Gain Limited, both holding 220,000,000 shares, equating to 54.49%[143] - The spouses of the Zhang brothers, 鄧鳳賢 and 楊可琪, hold 240,506,000 and 240,638,000 shares respectively, representing 59.57% and 59.60% of the issued shares[143] Operational Highlights - The company’s operations are primarily based in Hong Kong, generating 100% of its revenue from this location during the reporting period[36] - The group operated 82 retail stores as of the report date, contributing to a substantial growth in retail revenue[103] - The overall retail business revenue increased significantly, benefiting from the government's consumption voucher scheme and the stabilization of the COVID-19 situation[103] - The group is optimistic about retail sales in the second half of the fiscal year 2021/2022, driven by the distribution of consumption vouchers[128] Governance and Compliance - The company has adopted the Corporate Governance Code as per the listing rules, ensuring compliance with governance standards[146] - The audit committee, established on May 20, 2014, is responsible for reviewing financial statements and overseeing the financial reporting system, risk management, and internal controls[149] - The audit committee consists of three independent non-executive directors, with Mr. Lin Yulong serving as the chairman[149]
电讯数码控股(06033) - 2022 - 中期财报