Financial Performance - The Group's revenue decreased by 19.0% from approximately HK$63.8 million for the six months ended 30 September 2020 to approximately HK$51.7 million for the same period in 2021[9]. - The Group's gross profit decreased by 24.4% from approximately HK$23.7 million for the six months ended 30 September 2020 to approximately HK$17.9 million for the same period in 2021, with a gross profit margin decline from 37.1% to 34.6%[10]. - The profit of the Group decreased by 64.9% from approximately HK$11.4 million for the six months ended 30 September 2020 to approximately HK$4.0 million for the same period in 2021[11]. - The Group's operating profit for the six months ended 30 September 2021 was approximately HK$4.9 million, a significant decrease from HK$13.7 million in the same period of 2020[15]. - The Group's profit before income tax for the six months ended 30 September 2021 was approximately HK$4.7 million, down from HK$13.5 million in the same period of 2020[15]. - The total cost of sales for the six months ended 30 September 2021 was approximately HK$33.8 million, compared to HK$40.2 million for the same period in 2020[15]. - Other income for the Group for the six months ended 30 September 2021 was approximately HK$195,776, compared to HK$1.4 million in the same period of 2020[15]. - The Group's general and administrative expenses increased to approximately HK$11.5 million for the six months ended 30 September 2021, compared to HK$10.4 million in the same period of 2020[15]. - The Group's financial results indicate a challenging market environment, necessitating a review of operational strategies moving forward[15]. - Total comprehensive income for the period was HK$227,462, significantly lower than HK$6,630,101 in the previous year[18]. - Earnings per share attributable to owners of the Company was 0.05 HK cents for the three months ended September 30, 2021, down from 1.10 HK cents in the same period of 2020[18]. - Profit attributable to owners of the Company for the six months ended 30 September 2021 was HK$4,019,932, a decrease of 64.5% compared to HK$11,333,601 in 2020[66]. - Basic earnings per share for the six months ended 30 September 2021 was 0.67 HK cents, down from 1.89 HK cents in 2020[66]. Revenue Breakdown - Revenue from flooring services for the six months ended September 30, 2021, was HK$45,071,895, down from HK$55,960,069 in the same period of 2020, reflecting a decrease of approximately 19%[47]. - Revenue from ancillary services and sales of materials for the six months ended September 30, 2021, was HK$5,602,996, down from HK$7,674,673 in the same period of 2020, indicating a decline of approximately 27%[47]. - Revenue from customers in Hong Kong was HK$46,241,653 for the six months ended 30 September 2021, a decrease of 22.6% from HK$59,781,572 in 2020[51]. - Revenue from customers in Macau increased to HK$5,471,459 for the six months ended 30 September 2021, up 35.4% from HK$4,042,388 in 2020[51]. Assets and Liabilities - Total assets as of September 30, 2021, increased to HK$137,979,762 from HK$129,921,621 as of March 31, 2021[21]. - Current assets, including inventories, rose to HK$12,940,118 as of September 30, 2021, compared to HK$10,632,382 as of March 31, 2021[21]. - Total liabilities increased to HK$33,568,407 as of September 30, 2021, from HK$29,519,379 as of March 31, 2021[24]. - Non-current assets, including property, plant, and equipment, amounted to HK$39,381,276 as of September 30, 2021, up from HK$36,219,882 as of March 31, 2021[21]. - Cash and cash equivalents reached HK$38,592,070 as of September 30, 2021, compared to HK$34,551,775 as of March 31, 2021[21]. - Total equity increased to HK$104,411,355 as of September 30, 2021, from HK$100,402,242 as of March 31, 2021[24]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2021, was HK$8,790,630, a decrease from HK$9,667,841 in the same period of 2020[30]. - The company reported a net cash used in investing activities of HK$4,044,713 for the six months ended September 30, 2021, compared to HK$347,199 in the same period of 2020[30]. - The company’s cash flows from financing activities resulted in a net cash used of HK$714,257, a decrease from HK$890,262 in the same period of 2020[30]. - The Group's total non-current assets are primarily located in Hong Kong, with substantial capital expenditure incurred in the same region[51]. - The Group's capital expenditure for the six months ended 30 September 2021 included additions to property, plant, and equipment totaling HK$3,646,700[69]. - The total bank borrowings as of September 30, 2021, were HK$9,044,826, slightly down from HK$9,410,482 as of March 31, 2021, a decrease of about 3.9%[91]. - The Group's effective interest rate for bank borrowings remained stable at 2.4% per annum as of September 30, 2021, consistent with the rate as of March 31, 2021[91]. - Total term and revolving banking facilities amounted to HK$23,044,826 as of September 30, 2021, with approximately HK$14,000,000 unutilized, unchanged from March 31, 2021[92]. Employee and Operational Insights - Employee benefit expenses increased to HK$5,049,175 for the three months ended 30 September 2021, compared to HK$3,582,673 for the same period in 2020[98]. - Staff costs for the six months ended September 30, 2021, were approximately HK$9.2 million, compared to approximately HK$7.3 million in the same period of 2020[151]. - The Group plans to seek potential business opportunities, expand market share in specialized sectors, and enhance operational efficiency to cope with challenges and achieve growth[131]. Governance and Compliance - The company has complied with the Corporate Governance Code and applicable provisions for the six months ended September 30, 2021[194]. - There were no competing interests from directors or controlling shareholders during the six months ended September 30, 2021[193]. - All directors confirmed compliance with the Code of Conduct for securities transactions during the six months ended September 30, 2021[198]. Shareholding and Ownership - As of September 30, 2021, Mr. Yip Kong Lok holds 3,000 shares in Sage City, representing a 30% interest[183]. - Mrs. Kwong holds approximately 386,016,000 shares, which accounts for 64.34% of the company's shareholding[187]. - Sage City is owned by Mr. Kwong and Mr. Yip, with ownership stakes of 70% and 30%, respectively[188]. - The company has not purchased, sold, or redeemed any shares during the six months ended September 30, 2021[200].
邝文记(08023) - 2022 - 中期财报