Financial Performance - For the six months ended September 30, 2021, DCB Holdings recorded a revenue of HKD 103.08 million, a decrease of approximately 19.8% compared to HKD 128.54 million for the same period in 2020[4] - The company reported a loss of HKD 3.23 million for the period, compared to a profit of HKD 1.80 million in the previous period[4] - Basic loss per share was approximately HKD 1.01, compared to earnings of HKD 0.56 per share in the prior period[4] - The company reported a total loss before tax of HKD 3,233,000 for the six months ended September 30, 2021, compared to a profit of HKD 1,803,000 in the same period of 2020[29] - Other income for the six months ended September 30, 2021, was HKD 1,389,000, down from HKD 4,138,000 in the previous year[33] - The company recorded a loss of approximately HKD 3.2 million for the period, compared to a profit of approximately HKD 1.8 million in the previous period[90] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 125.44 million, compared to HKD 122.47 million as of March 31, 2021[10] - Net current assets decreased to HKD 79.10 million from HKD 85.83 million as of March 31, 2021[9] - Trade and other payables increased to HKD 11.66 million from HKD 7.74 million[9] - Trade receivables amounted to HKD 33,875,000 as of September 30, 2021, significantly higher than HKD 7,577,000 as of March 31, 2021[57] - The company's total trade and other receivables amounted to HKD 36,379,000 as of September 30, 2021, compared to HKD 10,242,000 as of March 31, 2021[57] - The total contract assets increased to HKD 67,752,000 as of September 30, 2021, compared to HKD 55,597,000 as of March 31, 2021, reflecting an increase of about 21.8%[60] - The company reported a total of HKD 24,982,000 in contract liabilities as of September 30, 2021, compared to HKD 26,886,000 as of March 31, 2021[67] Cash Flow - Cash and cash equivalents decreased by HKD 35.33 million during the period, ending at HKD 11.72 million[18] - The company’s cash and bank balances were approximately HKD 11.7 million, down from about HKD 47.1 million as of March 31, 2021[94] - The total cash outflow for lease liabilities during the six months ended September 30, 2021, was approximately HKD 1,175,000, slightly up from HKD 1,171,000 in the same period of 2020[55] Revenue Segmentation - Revenue from renovation projects accounted for 47.8% of total revenue in the six months ended September 30, 2021, compared to 29.3% in the same period of 2020[81] - The segment revenue for renovation works was HKD 49,268,000, compared to HKD 37,693,000 in the previous year, indicating a growth of about 30.8%[29] - Revenue from renovation projects was approximately HKD 49.3 million, an increase of about 30.7% compared to approximately HKD 37.7 million in the previous period, mainly due to contributions from large renovation projects in Causeway Bay, Stanley, Sha Tin, and The Peak[83] Expenses - The company incurred administrative expenses of HKD 6.78 million, compared to HKD 6.38 million in the previous period[7] - Overall gross profit decreased by approximately HKD 1.9 million or 46.6% to about HKD 2.2 million, mainly due to reduced revenue and cost overruns on several large renovation projects[86] - Administrative expenses increased by approximately 6.3% from about HKD 6.4 million to approximately HKD 6.8 million, primarily due to an increase in labor costs[89] - Total labor costs increased to HKD 8,180,000 for the three months ended September 30, 2021, up from HKD 7,679,000 in the same period of 2020, representing a growth of approximately 6.5%[37] Dividends - The company did not recommend the payment of an interim dividend for the period[4] - The company did not declare an interim dividend for the six months ended September 30, 2021, consistent with the previous year[39] Management and Governance - The company’s management is focused on resource allocation and performance evaluation based on segment reporting[30] - The Audit Committee was established on January 19, 2018, to oversee financial reporting and risk management, consisting of three independent non-executive directors[124] - The committee reviewed the unaudited consolidated financial statements for the period, ensuring compliance with applicable accounting standards and GEM listing rules[124] - The executive directors of the company include Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili, while the independent non-executive directors are Mr. Zhang Guoqiang, Mr. Zhai Zhiwen, and Mr. Zhu Weihua[125] Shareholding and Ownership - As of September 30, 2021, the company directors and key executives collectively own 67% of the shares through Advance Goal Group Limited, amounting to 214,400,000 shares[109] - Following a sale agreement on October 7, 2021, Advance Goal's shareholding decreased to 164,200,000 shares, representing 51.3% of the total issued shares[109] - Active Achievor Limited, controlled by Zheng Fanling, holds 19,200,000 shares, which is 6% of the total[113] - No other individuals were reported to have 5% or more ownership in the company as of September 30, 2021[115] Compliance and Regulations - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2021, with no significant impact on the financial performance[23] - The company's articles of association do not contain provisions for preemptive rights for existing shareholders when new shares are issued[122] - The company directors and major shareholders do not hold any interests that could directly or indirectly compete with the company's business[119]
快意智能(08040) - 2022 - 中期财报