Financial Performance - Revenue for the six months ended June 30, 2021, amounted to approximately HK$52.0 million, a decrease of approximately 56.6% compared to HK$33.2 million for the same period in 2020[11] - Net loss for the period was approximately HK$4.7 million, a decrease of HK$4.6 million from a net loss of approximately HK$9.3 million for the corresponding period last year[11] - Basic and diluted loss per share was approximately HK$0.54 cents, compared to approximately HK$0.79 cents for the same period in 2020[11] - Gross profit for the six months ended June 30, 2021, was approximately HK$15.4 million, compared to HK$10.2 million for the same period in 2020[12] - Operating loss for the period was approximately HK$1.8 million, an improvement from an operating loss of approximately HK$6.9 million for the same period last year[12] - Profit before income tax for the period was approximately HK$0.8 million, compared to a loss of approximately HK$1.7 million for the same period in 2020[12] - The total comprehensive income for the six months ended June 30, 2021, was a loss of HK$4,552,000, an improvement from a loss of HK$9,633,000 in the same period of 2020, indicating a reduction of about 53%[14] - For the six months ended June 30, 2021, the loss attributable to the owners of the Company was HK$5,415,000, an improvement from a loss of HK$7,963,000 in the prior year[67] Revenue Breakdown - Revenue from concrete demolition services decreased to HK$29,052,000, down from HK$30,800,000 in the prior year, representing a decline of approximately 5.7%[38] - Revenue from the manufacturing and trading of prefabricated construction components significantly increased to HK$22,979,000, compared to HK$2,387,000 in the same period of 2020, marking a growth of approximately 862%[38] - Revenue from private sector projects was HK$23.8 million, down from HK$27.1 million, while revenue from public sector projects increased to HK$5.2 million from HK$3.7 million[97] - Revenue recognized at a point in time decreased to HK$29,052,000 from HK$30,800,000, while revenue recognized over time increased significantly to HK$22,979,000 from HK$2,387,000[44] - Revenue from Hong Kong was HK$29,052,000, down from HK$30,800,000, while revenue from the People's Republic of China surged to HK$22,979,000 from HK$2,387,000[47] Cash Flow and Assets - For the six months ended June 30, 2021, the net cash inflow from operating activities was HK$8,230,000, compared to a net cash outflow of HK$1,686,000 in the same period of 2020[21] - Cash and cash equivalents at June 30, 2021, amounted to HK$42,236,000, up from HK$31,056,000 at the end of June 2020, reflecting a year-over-year increase of approximately 36%[21] - The net increase in cash and cash equivalents for the period was HK$4,919,000, compared to an increase of HK$444,000 in the same period of 2020[21] - Current assets as of June 30, 2021, totaled HK$114,764,000, slightly up from HK$113,606,000 as of December 31, 2020, reflecting a marginal increase of 1%[15] - The company's net assets decreased to HK$35,300,000 as of June 30, 2021, down from HK$39,852,000 at the end of 2020, showing a decline of approximately 11%[17] Expenses and Liabilities - Administrative and other operating expenses decreased to approximately HK$17.8 million from HK$20.2 million in the previous year[12] - The company reported total liabilities of HK$97,793,000 as of June 30, 2021, compared to HK$94,501,000 at the end of 2020, reflecting an increase of about 3%[15] - The company's reserves decreased from HK$35,128,000 as of December 31, 2020, to HK$30,192,000 as of June 30, 2021, a reduction of approximately 14%[17] - Trade payables increased to HK$13,948,000 as of June 30, 2021, from HK$10,421,000 at December 31, 2020[80] Dividends and Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2021, consistent with the previous year[11] - The company did not recommend any interim dividend for the six months ended June 30, 2021, compared to nil in 2020[156] - Zhou Jin holds 284,500,000 shares, representing approximately 28.15% of the company's shareholding[136] - Huang Cheng is a beneficial owner of 188,620,000 shares, accounting for approximately 18.66% of the shareholding[143] - Zhu Zhou holds 129,000,000 shares, representing approximately 12.76% of the company's shareholding[143] Risk Management - The Group's financial activities are exposed to various risks, including foreign exchange risk, interest rate risk, credit risk, and liquidity risk[51] - There have been no changes in the risk management policies since the year-end[54] Corporate Governance - Throughout the reporting period, the company complied with the applicable corporate governance code provisions, with some deviations noted[150] - The Audit Committee consists of three members, including Mr. Li Kar Fai, Peter as the chairman[165] - The Audit Committee has reviewed the unaudited consolidated financial statements of the Group for the reporting period[166] - The Company was incorporated in the Cayman Islands with limited liability[170]
朝威控股(08059) - 2021 - 中期财报