Financial Performance - The Group's revenue increased to approximately HK$63.8 million, representing a growth of 35.6% compared to HK$47.1 million for the same period in 2019[9]. - The gross profit rose by 88.6% from approximately HK$12.5 million in the six months ended September 30, 2019, to approximately HK$23.7 million for the same period in 2020[9]. - The profit for the period increased significantly from approximately HK$826,000 in 2019 to approximately HK$11.4 million in 2020[9]. - The operating profit for the six months ended September 30, 2020, was approximately HK$13.7 million, compared to HK$1.1 million for the same period in 2019[13]. - For the six months ended September 30, 2020, the profit attributable to owners of the Company was HK$6,628,728, compared to HK$536,935 for the same period in 2019, representing a significant increase[16]. - The total comprehensive income for the period was HK$6,630,101, up from HK$519,634 in the previous year, indicating a strong performance[16]. - Basic and diluted earnings per share attributable to owners of the Company increased to 1.10 HK cents, compared to 0.09 HK cents for the same period in 2019[16]. Revenue and Market Segmentation - Revenue for the six months ended September 30, 2020, was HK$63,823,960, an increase of 35.6% compared to HK$47,076,623 for the same period in 2019[46]. - Revenue from customers in Hong Kong was HK$59,781,572, up 43.7% from HK$41,575,702 in 2019, while revenue from Macau decreased to HK$4,042,388 from HK$5,500,921[49]. - The increase in revenue was primarily driven by a higher number of projects undertaken by the Group during the six months ended September 30, 2020[146]. - The Group's business focuses on the Hong Kong car park flooring industry, providing flooring services, ancillary services, and sales of flooring materials targeting mid to high-end projects[144]. Expenses and Costs - General and administrative expenses increased to approximately HK$10.4 million for the six months ended September 30, 2020, compared to HK$10.5 million in 2019[13]. - The total cost of sales for the six months ended September 30, 2020, was approximately HK$40.2 million, compared to HK$34.5 million in 2019[13]. - The cost of flooring materials used for the six months ended September 30, 2020, was HK$22,732,580, an increase from HK$18,316,010 for the same period in 2019[132]. - Employee benefit expenses for the six months ended September 30, 2020, were HK$7,307,726, slightly up from HK$7,137,070 in the previous year[132]. Assets and Liabilities - Total assets as of September 30, 2020, amounted to HK$130,912,186, an increase from HK$119,177,048 as of March 31, 2020[19]. - Current assets increased to HK$94,016,327 from HK$80,909,988, reflecting improved liquidity[19]. - Total liabilities as of September 30, 2020, were HK$34,525,666, slightly up from HK$34,183,549 as of March 31, 2020[22]. - The Company reported a total equity of HK$96,386,520, compared to HK$84,993,499 in the previous period, indicating growth in shareholder value[19]. Cash Flow and Investments - For the six months ended September 30, 2020, net cash generated from operations was HK$9,762,453, compared to a net cash used of HK$5,602,032 in the same period of 2019[29]. - Cash and cash equivalents at the end of the period were HK$28,043,826, up from HK$15,361,563 at the end of September 2019[29]. - The company incurred net cash used in investing activities of HK$347,199, compared to HK$303,381 in the previous year[29]. - The Group does not have any plans for material investments or additions of capital assets as of the report date[181]. Government Support and Subsidies - The Group received government subsidies totaling HK$1,409,877 under the COVID-19 Anti-epidemic Fund[59]. - The Group received government subsidies of approximately HK$1.4 million during the six months ended 30 September 2020, compared to nil in the same period of 2019[151]. Accounting and Financial Standards - The company adopted new accounting standards effective from April 1, 2020, which did not have a significant impact on the financial statements[34]. - The Group's financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and relevant accounting policies[39]. Shareholder Information - Mr. Kwong Chi Man holds a long position in the shares of the Company, with 386,016,000 shares, representing approximately 64.34% of the shareholding[194]. - Mr. Kwong beneficially owns 70% of the issued share capital of Sage City Investments Limited, which in turn holds 64.34% of the Company[194]. Employee and Workforce - As of September 30, 2020, the Group had a total of 33 employees, an increase from 31 employees as of March 31, 2020[188]. - Employee costs for the six months ended September 30, 2020, were approximately HK$7.3 million, compared to HK$7.1 million in the same period of 2019, reflecting a year-on-year increase of about 2.82%[188].
邝文记(08023) - 2021 - 中期财报