Financial Performance - The group reported a revenue of approximately HKD 204.1 million from foundation and site preparation works, an increase of about HKD 30.3 million or 17.4% compared to HKD 173.8 million for the same period last year[11]. - Revenue for the six months ended September 30, 2021, was HKD 209,386,000, an increase of 15.1% compared to HKD 182,001,000 in 2020[39]. - Gross profit for the same period was HKD 12,511,000, a significant recovery from a gross loss of HKD 17,626,000 in 2020[39]. - The company reported a profit before tax of HKD 1,715,000, compared to a loss of HKD 27,527,000 in the previous year[39]. - Net profit for the period was HKD 1,325,000, recovering from a loss of HKD 27,508,000 in the same period last year[39]. - Basic and diluted earnings per share were HKD 0.1 cents, compared to a loss of HKD 2.9 cents per share in 2020[39]. - The group’s profit attributable to owners during the reporting period was approximately HKD 1.3 million, an improvement from a loss of approximately HKD 27.5 million for the six months ended September 30, 2020, primarily due to gross profit generated during the period[19]. Project and Contract Activity - The group completed 15 projects with a total original contract value of approximately HKD 255.7 million during the reporting period, and currently has 22 projects on hand[8]. - The group secured 7 new contracts with an original total contract value of approximately HKD 103.2 million during the reporting period[8]. - The total amount of unbilled revenue related to performance obligations as of September 30, 2021, was approximately HKD 367.9 million, compared to HKD 316.6 million as of September 30, 2020[8]. Income and Expenses - Other income for the reporting period was approximately HKD 1.1 million, a decrease of about HKD 1.0 million or 47.6% compared to HKD 2.1 million for the same period last year[13]. - The group’s machinery rental income decreased to approximately HKD 5.3 million, down about HKD 2.9 million or 35.4% from HKD 8.2 million for the same period last year[11]. - The total employee cost during the reporting period was approximately HKD 63.1 million, compared to approximately HKD 41.3 million for the six months ended September 30, 2020, due to hiring more employees for construction projects[33]. - The group’s administrative expenses during the reporting period were approximately HKD 11.7 million, showing no significant change compared to approximately HKD 11.8 million for the six months ended September 30, 2020[14]. Assets and Liabilities - The total assets of the group as of September 30, 2021, were approximately HKD 176.0 million, down from approximately HKD 217.8 million as of March 31, 2021[21]. - The total liabilities of the group as of September 30, 2021, were approximately HKD 61.7 million, a decrease from approximately HKD 104.9 million as of March 31, 2021[21]. - Current liabilities decreased to HKD 56,229,000 from HKD 98,595,000, indicating improved liquidity[41]. - The total value of trade and other receivables decreased to HKD 11,969,000 as of September 30, 2021, from HKD 25,781,000 as of March 31, 2021, indicating a reduction of approximately 53.6%[80]. - Trade receivables were reported at HKD 10,989,000 as of September 30, 2021, down from HKD 24,490,000 as of March 31, 2021, a decline of 55.2%[80]. Investments and Cash Flow - The group invested approximately HKD 10.0 million during the reporting period in acquiring machinery and equipment, down from approximately HKD 20.2 million as of March 31, 2021[27]. - The company plans to continue focusing on machinery and equipment investments, with cash outflow for purchases amounting to HKD 8,363,000 during the period[48]. - Operating cash flow for the six months was HKD 1,103,000, a recovery from an outflow of HKD 3,542,000 in 2020[48]. - Cash and cash equivalents at the end of the period were HKD 33,590,000, a decrease from HKD 38,756,000 at the beginning of the period[48]. Corporate Governance and Compliance - The company has complied with the corporate governance code during the reporting period, except for the separation of roles between the chairman and the CEO[103]. - The company confirmed that all directors have complied with the standards set out in the securities trading code during the reporting period[104]. - The company has maintained compliance with corporate governance standards as per the relevant regulations[117]. Shareholder Information - As of September 30, 2021, Mr. Li Zhuojin holds 484,998,000 shares, representing 51.94% of the total issued shares of the company[105]. - The major shareholder, Caihui Global Limited, also holds 484,998,000 shares, equivalent to 51.94% of the total issued shares[109]. Subsequent Events and Other Information - There were no significant subsequent events after the reporting period[116]. - The company did not declare or propose any dividends for the six months ended September 30, 2021[67]. - The company had no significant acquisitions or disposals of subsidiaries or associates during the reporting period[30].
荣智控股(06080) - 2022 - 中期财报