Financial Performance - The company's revenue for the six months ended September 30, 2021, was HKD 55,321,000, representing a 17.9% increase from HKD 46,905,000 in the same period of 2020[20]. - Gross profit for the same period was HKD 21,682,000, slightly up by 0.7% from HKD 21,534,000 year-on-year[20]. - Operating profit decreased by 24.3% to HKD 10,750,000 compared to HKD 14,203,000 in the previous year[20]. - Profit before tax was HKD 10,750,000, down 20.4% from HKD 13,500,000 in the prior year[20]. - Net profit for the period was HKD 8,395,000, a decline of 19.5% from HKD 10,433,000 in the same period last year[20]. - Basic and diluted earnings per share were HKD 1.72, down 20.4% from HKD 2.16 in the previous year[20]. - Total comprehensive income for the three months ended September 30, 2021, was HKD 3,653,000, a decrease of 38% compared to HKD 5,887,000 for the same period in 2020[31]. - The total comprehensive income attributable to the owners of the company for the six months ended September 30, 2021, was HKD 8,019,000, down from HKD 11,158,000 in the previous year, representing a decline of 28%[31]. Assets and Liabilities - Total assets increased by 11.0% to HKD 142,353,000 from HKD 128,264,000[20]. - Current assets totaled HKD 101,123,000, showing a marginal increase of 0.1% from HKD 101,031,000[20]. - Total equity rose by 2.9% to HKD 117,774,000 compared to HKD 114,452,000 in the previous period[20]. - The company reported a decrease in net current assets by 11.8% to HKD 77,751,000 from HKD 88,171,000[20]. - The group’s total liabilities increased to HKD 24,579,000 as of September 30, 2021, compared to HKD 13,812,000 as of March 31, 2021[67]. - Non-current liabilities, specifically deferred tax liabilities, increased to HKD 1,207,000 from HKD 952,000 as of March 31, 2021[33]. Cash Flow - Cash and cash equivalents decreased to HKD 38,018,000 from HKD 54,833,000, reflecting a reduction of 30.8%[44]. - Net cash generated from operating activities for the six months ended September 30, 2021, was HKD 4,330,000, down 74% from HKD 16,629,000 in the same period of 2020[44]. - The company reported a net cash outflow from investing activities of HKD 15,691,000, compared to HKD 6,790,000 in the previous year, indicating increased investment expenditures[44]. Revenue Breakdown - Sales of electronic payment terminals and related equipment amounted to HKD 22,996,000, up 53.5% from HKD 14,975,000 in the previous year[55]. - Revenue from system support and software solution services was HKD 32,325,000, compared to HKD 31,930,000 in the same period last year, reflecting a slight increase of 1.2%[55]. - The group’s hardware sales segment reported external customer revenue of HKD 23,001,000 for the six months ended September 30, 2021, compared to HKD 14,975,000 for the same period in 2020, representing a growth of 53.5%[63]. - The group’s system support and software solution services segment achieved external customer revenue of HKD 32,325,000, a slight decrease from HKD 31,930,000 in the previous year[63]. Employee and Administrative Expenses - The company’s total employee benefit expenses amounted to HKD 10,366 thousand for the six months ended September 30, 2021, compared to HKD 9,381 thousand for the same period in 2020, reflecting an increase of 10.5%[85]. - Employee costs for the reporting period were approximately HKD 12.3 million, up from HKD 11.0 million for the six months ended September 30, 2020, attributed to the lack of government subsidies[128]. - Other administrative expenses increased by approximately 17.6% to about HKD 6.0 million, compared to HKD 5.1 million for the same period in 2020, due to legal and professional fees related to compliance work for the acquisition of a subsidiary[129]. Corporate Governance - The company emphasizes high standards of corporate governance, maintaining a well-qualified board and robust internal controls to protect shareholder interests[171]. - The audit committee, established on November 23, 2016, is responsible for monitoring the integrity of the company's financial statements and reviewing internal controls and risk management systems[174]. - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of chairman and CEO, which is deemed appropriate under current circumstances[171]. Strategic Developments - The group is focusing on expanding its business in the Greater Bay Area and has provided system development services for a payment institution in Macau[152]. - The group has developed a smart terminal management system "ESTIM" that utilizes cloud technology for real-time monitoring and Over-The-Air (OTA) updates[150]. - The group is enhancing its online payment solutions and has launched an online collection platform called Spiral, integrating various payment methods[152]. - The group anticipates that the ongoing COVID-19 situation in Hong Kong may negatively impact sales of electronic payment terminals and related services[153].
俊盟国际(08062) - 2022 - 中期财报