Financial Performance - Revenue for the six months ended September 30, 2021, was HK$242,224,000, a decrease of 8.2% from HK$263,835,000 in the same period of 2020[19]. - Gross profit for the period was HK$38,695,000, down from HK$40,659,000, reflecting a gross profit margin of 15.9%[19]. - Profit for the period attributable to owners of the Company was HK$10,416,000, significantly lower than HK$40,347,000 in the prior year, representing a decline of 74.2%[19]. - Basic and diluted earnings per share were HK1.74 cents, a decrease of 74.1% compared to HK6.72 cents in the same period last year[19]. - Profit before income tax was HK$12,951,000, down from HK$43,402,000, marking a decline of 70.1%[19]. - The Company reported other income and gains of HK$544,000, compared to HK$33,293,000 in the previous year, a decrease of 98.4%[19]. - Future outlook remains cautious due to the significant decline in profit and revenue, necessitating a review of operational strategies[15]. - The group recorded revenue of approximately HK$242.2 million for the Period, representing a decrease of approximately HK$21.6 million or 8.2% from the six months ended 30 September 2020[168]. - Profit for the period decreased by approximately HK$29.9 million or approximately 74.2% to approximately HK$10.4 million[188]. - The net profit margin for the period was approximately 4.3%, down from approximately 15.3% for the previous period[188]. Assets and Liabilities - As of September 30, 2021, total assets were not specified, but the financial position reflects a need for strategic adjustments to improve profitability[23]. - Total assets decreased from HK$ 208,682,000 to HK$ 183,698,000, representing a decline of approximately 12%[24]. - The total assets of the group as of September 30, 2021, were HK$252,479,000, down from HK$276,464,000 as of March 31, 2021, reflecting a reduction of about 8.7%[55]. - The total liabilities increased slightly to HK$68,781,000 as of September 30, 2021, compared to HK$67,782,000 as of March 31, 2021, marking an increase of approximately 1.5%[55]. - Total equity decreased from HK$ 208,682,000 to HK$ 183,698,000, reflecting a decline of approximately 12%[27]. - Net current assets decreased from HK$ 158,741,000 to HK$ 142,921,000, a decrease of about 10%[24]. - The group had cash and cash equivalents of approximately HK$111.3 million as of September 30, 2021, compared to approximately HK$121.7 million as of March 31, 2021[191]. Operating Expenses - General operating expenses decreased to HK$26,230,000 from HK$30,427,000, indicating a reduction of 13.3%[19]. - Cost of inventories recognized as expenses decreased to HK$6,136,000 from HK$7,781,000, a reduction of about 21.1%[6]. - Depreciation expenses increased to HK$3,373,000 from HK$2,646,000, reflecting an increase of approximately 27.5%[6]. - The total staff costs and related expenses for the period were approximately HK$149.5 million, representing a decrease of approximately 0.8% compared to approximately HK$150.7 million for the six months ended September 30, 2020[194]. Cash Flow - Net cash generated from operating activities for the six months ended September 30, 2021, was HK$30,998,000, down from HK$55,483,000 in the same period of 2020, a decrease of about 44%[30]. - Cash and cash equivalents at the end of the period were HK$111,274,000, compared to HK$121,673,000 at the beginning, indicating a decrease of approximately 8%[30]. Business Segments - For the six months ended September 30, 2021, the total revenue from environmental hygiene and related services was HK$242,224,000, a decrease from HK$263,835,000 in the same period of 2020, representing a decline of approximately 8.5%[61]. - The segment results for environmental hygiene and related services showed a profit of HK$18,595,000 for the six months ended September 30, 2021, compared to HK$53,082,000 for the same period in 2020, indicating a significant decrease of approximately 65%[47]. - The group did not report any revenue from airline catering support services for the six months ended September 30, 2021, indicating a potential area for future growth or recovery[47]. - The Group's airline catering support services business has been temporarily suspended since March 2020, resulting in no revenue from this segment during the Period[167]. Strategic Outlook - Management expects the demand for environmental hygiene and related services to continue to rise in the medium and long term due to urban development and increased public hygiene awareness[172]. - The Group is actively enriching its service offerings, including recycling of kitchen waste and other environmental services, to broaden its customer base[172]. - Management is exploring horizontal business development opportunities, including geographic expansion and property-related services in the Greater Bay Area[173]. - The Group is keen to introduce new service offerings that synergize with its current environmental hygiene services, such as pest control and property management[177]. Employee and Dividend Information - The group had 1,867 employees as of September 30, 2021, down from 2,094 employees as of September 30, 2020[194]. - The final dividend paid was HK5.9 cents per ordinary share, totaling HK$35,400,000, compared to nil in 2020[77]. - The Group resolved not to declare any interim dividend for the six months ended 30 September 2021, consistent with the previous year[78].
永顺控股香港(06812) - 2022 - 中期财报