Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 1,413,495,000, representing an increase of 46.0% compared to HKD 968,380,000 for the same period in 2020[8] - Operating profit for the six months ended June 30, 2021, was HKD 83,555,000, up 77.0% from HKD 47,094,000 in the previous year[8] - Net profit for the six months ended June 30, 2021, was HKD 46,374,000, compared to HKD 19,269,000 for the same period in 2020, marking an increase of 141.0%[8] - Total comprehensive income for the six months ended June 30, 2021, was HKD 55,166,000, significantly higher than HKD 3,753,000 in the same period last year[8] - Basic and diluted earnings per share for the six months ended June 30, 2021, were HKD 9.74, compared to HKD 4.05 for the same period in 2020[8] - The company achieved a profit of HKD 46,374,000 for the six months ended June 30, 2021, compared to a profit of HKD 19,269,000 for the same period in 2020, marking an increase of 141.5%[12] - Profit for the six months ended June 30, 2021, was HKD 70,604, representing a 97.0% increase from HKD 35,806 in 2020[42] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 1,184,849,000, a decrease from HKD 1,268,001,000 as of December 31, 2020[9] - The company reported total assets of HKD 1,670,780 as of June 30, 2021, down from HKD 1,766,815 as of December 31, 2020[46] - The company’s total liabilities decreased to HKD 741,477,000 as of June 30, 2021, from HKD 887,362,000 as of December 31, 2020, representing a reduction of approximately 16.4%[12] - The company’s liabilities decreased to HKD 890,982 as of June 30, 2021, compared to HKD 1,042,183 as of December 31, 2020[46] - Total assets less current liabilities amounted to HKD 929,303,000 as of June 30, 2021, compared to HKD 879,453,000 as of December 31, 2020, reflecting an increase of approximately 5.7%[12] Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 81,095,000 for the six months ended June 30, 2021, compared to a cash outflow of HKD 74,209,000 in the same period of 2020[17] - Cash and bank balances increased to HKD 93,690,000 as of June 30, 2021, from HKD 40,405,000 at the end of 2020[9] - The company incurred a cash outflow of HKD 15,137,000 for the acquisition of property, plant, and equipment during the six months ended June 30, 2021, compared to HKD 6,621,000 in the same period of 2020[17] - Capital expenditures for the six months ended June 30, 2021, amounted to approximately HKD 15,137,000, compared to HKD 6,621,000 in the same period of 2020[116] Revenue Breakdown - For the three months ended June 30, 2021, the company reported automobile sales revenue of HKD 520,190,000, an increase of 24.9% compared to HKD 416,480,000 in the same period of 2020[31] - Revenue from automobile services and sales of automobile parts for the six months ended June 30, 2021, was HKD 339,405,000, up 26.7% from HKD 267,614,000 in the same period of 2020[31] - Revenue from automobile sales rose by 54.7% to HKD 1,053,406,000 for the six months ended June 30, 2021, up from HKD 681,056,000 in the same period of 2020[91] - Revenue from automobile leasing income for the six months ended June 30, 2021, was HKD 14,907,000, a decrease of 7.1% compared to HKD 16,053,000 in the same period of 2020[31] - The company reported technology fee income of HKD 5,777,000 for the six months ended June 30, 2021, an increase of 57.9% from HKD 3,657,000 in the same period of 2020[31] Expenses and Costs - Total expenses for the six months ended June 30, 2021, amounted to HKD 29,064,000, up from HKD 20,409,000 in the same period of 2020, indicating a year-over-year increase of 42.3%[50] - The company's financial costs for the six months ended June 30, 2021, were HKD 17,373,000, slightly down from HKD 17,530,000 in the previous year[52] - The total income tax expense for the six months ended June 30, 2021, was HKD 19,808,000, compared to HKD 10,295,000 for the same period in 2020, representing an increase of 92.5%[54] - Employee benefits expenses increased by 14.8% to HKD 65,358,000 for the six months ended June 30, 2021, compared to HKD 56,936,000 in the same period of 2020, driven by increased commission expenses as operating profit improved[99] Shareholder Information - Major shareholder Loh & Loh Construction Group Ltd. holds 45,284,000 shares, accounting for 9.51% of the total shares[125] - The largest shareholder, Mr. Luo Leping, has a direct holding of 29,820,000 shares, representing 22.63% of the total shares[127] - No other individuals or entities held 5% or more of the company's issued share capital as of June 30, 2021[128] Compliance and Governance - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[137] - The audit committee reviewed the interim results for the period and provided recommendations to the board[140] - There were no purchases or redemptions of the company's listed securities during the six months ended June 30, 2021[141]
G.A.控股(08126) - 2021 - 中期财报