Financial Performance - For the six months ended September 30, 2021, the revenue was HKD 20,372,000, representing an increase of 13.8% compared to HKD 17,994,000 for the same period in 2020[9]. - The gross profit for the same period was HKD 7,032,000, a significant increase from HKD 604,000 in the previous year, indicating a gross margin improvement[11]. - The company reported a profit attributable to owners of HKD 2,123,000 for the six months ended September 30, 2021, compared to a loss of HKD 5,714,000 in the same period of 2020[18]. - Basic earnings per share for the period was HKD 0.49, compared to a loss per share of HKD 1.37 in the previous year[20]. - The group recorded a profit of approximately HKD 2.1 million for the six months ended September 30, 2021, compared to a loss of HKD 5.7 million for the same period in 2020, marking a significant turnaround[76]. - The gross profit margin increased from approximately 3.4% for the six months ended September 30, 2020, to approximately 34.5% for the current period, driven by higher-margin project contributions[73]. Cash Flow and Assets - Cash and cash equivalents increased to HKD 5,054,000 as of September 30, 2021, from HKD 1,717,000 at the end of the previous year[33]. - Operating cash flow for the six months was HKD 1,158,000, a recovery from a cash outflow of HKD 4,794,000 in the same period last year[28]. - The total assets less current liabilities amounted to HKD 10,541,000, a significant improvement from a negative HKD 2,163,000 in the previous year[21]. - As of September 30, 2021, trade receivables amounted to HKD 5,428,000, an increase from HKD 3,756,000 as of March 31, 2021[57]. - The company recorded contract assets of HKD 2,600,000 as of September 30, 2021, which were expected to be recoverable within one year[57]. - As of September 30, 2021, the group's net current assets amounted to approximately HKD 4.4 million, an increase from a net current liability of HKD 7.2 million as of March 31, 2021[78]. - The group's cash and bank balances increased to approximately HKD 5.1 million as of September 30, 2021, compared to HKD 2.6 million as of March 31, 2021[78]. - The current ratio improved to approximately 1.4 times as of September 30, 2021, up from 0.5 times as of March 31, 2021[78]. - Total equity attributable to owners of the company was approximately HKD 10.0 million as of September 30, 2021, compared to a loss of approximately HKD 2.2 million as of March 31, 2021[78]. Share Placement and Equity - The company raised HKD 10,275,000 through share placement during the period, enhancing its equity position[23]. - The group issued 75 million ordinary shares at a price of HKD 0.137 per share, raising a total of HKD 10.275 million[68]. - The company raised approximately HKD 10.02 million from the placement of 75,000,000 shares at a price of HKD 0.137 per share on August 20, 2021[85]. - As of September 30, 2021, the utilized proceeds from the placement included HKD 8.61 million for debt repayment and HKD 1.05 million for general working capital[86]. Operational Insights - The total revenue for the period primarily derived from comprehensive construction and structural engineering consultancy services, including licensing consultancy and small-scale engineering consultancy[45]. - The company has a single operating segment, and no further analysis of this segment is presented[41]. - The company operates solely in Hong Kong, with all revenues generated from this region[42]. - The company has not reported any new product launches or technological advancements during this period[36]. - There are no specific future outlooks or performance guidance provided in the report[36]. - The company did not recommend any dividend for the six months ended September 30, 2021, consistent with the previous year where no dividend was declared[47]. Governance and Compliance - The company has complied with all corporate governance code provisions, except for the separation of the roles of Chairman and CEO, which are held by the same individual[100]. - The company failed to meet the GEM Listing Rules regarding the number of independent non-executive directors until the appointment of a new director on November 10, 2021[101]. - The company is actively seeking suitable candidates to fill the temporary vacancy of an authorized representative to comply with GEM Listing Rules[101]. - The company has adopted the trading standards for directors as per GEM Listing Rules, and all directors confirmed compliance during the reporting period[103]. - The company has not established any arrangements for directors to benefit from acquiring shares or debentures of the company or any other corporation[97]. - There are no interests held by directors or their associates in any business that competes directly or indirectly with the company's operations as of September 30, 2021[98]. - The interim financial performance of China Zhuoyin International Holdings Limited has not been reviewed or audited by the company's auditor, but has been reviewed by the audit committee consisting of three independent non-executive directors[105]. - The report date is November 12, 2021, with executive director Zhong Yulin and independent non-executive directors including Li Bichih, Chen Yuzhen, and Li Jieyu[105]. - The company is committed to transparency and governance through the involvement of independent directors in the review process[105]. Legal and Debt Matters - The group has a total of HKD 5.5 million in claimed debts, with ongoing legal proceedings related to these debts[60][61]. - The income tax expense for the current period was HKD 45,000, calculated based on the estimated taxable profit[75]. - The group has established an unsecured loan agreement with an annual interest rate of 12% that must be repaid within twelve months[66]. - The company has no significant contingent liabilities noted by the directors as of September 30, 2021[81]. - There were no significant events related to the group's business or financial performance noted by the directors after the reporting period[82]. Employee and Director Remuneration - The total employee and director remuneration for the period was approximately HKD 9.0 million, unchanged from the previous year[79].
中国来骑哦(08039) - 2022 - 中期财报