Financial Performance - For the six months ended September 30, 2021, the group recorded unaudited total revenue of approximately HKD 44.3 million, an increase of approximately 135.6% compared to HKD 18.8 million for the same period in 2020[7]. - The group reported an unaudited profit attributable to owners of approximately HKD 13.3 million, a significant increase of approximately HKD 13.8 million from a loss of HKD 0.5 million for the same period in 2020[7]. - Revenue for the three months ended September 30, 2021, was HKD 23,023,000, a 216% increase from HKD 7,256,000 in the same period of 2020[65]. - The company reported a profit before tax of HKD 7,828,000 for the three months ended September 30, 2021, compared to a loss of HKD 1,850,000 in the same period of 2020[67]. - The company reported a net profit attributable to owners of HKD 13,292,000 for the six months, compared to a loss of HKD 546,000 in the same period of 2020[50]. Revenue Breakdown - Revenue from the sale of LED lighting devices increased from approximately HKD 13.4 million to approximately HKD 30.6 million, representing an increase of approximately 128.4% or HKD 17.2 million, driven by an increase in project numbers in China[12]. - Revenue from integrated LED lighting solution services rose from approximately HKD 3.1 million to approximately HKD 9.7 million, an increase of approximately 212.9% or HKD 6.6 million, due to increased demand from existing customers[15]. - The sales of LED lighting devices reached HKD 30,602,000 for the six months ended September 30, 2021, compared to HKD 13,394,000 in the same period of 2020, representing a 128% increase[65]. Cost and Expenses - Direct costs increased from approximately HKD 9.9 million to approximately HKD 17.9 million, an increase of approximately 80.8%, consistent with the revenue growth[17]. - Administrative expenses rose from approximately HKD 10.8 million to approximately HKD 12.0 million, an increase of approximately 11.1%[19]. - Employee costs for the six months ended September 30, 2021, totaled approximately HKD 11.2 million, an increase from HKD 10.5 million for the same period in 2020[37]. - The company incurred financing costs of HKD 81,000 for the six months ended September 30, 2021, down from HKD 99,000 in the same period of 2020[67]. Profitability Metrics - Gross profit increased from approximately HKD 8.9 million to approximately HKD 26.4 million, with the gross profit margin rising from 47.5% to 59.6%[17]. - The gross profit for the same period was HKD 26,417,000, compared to HKD 8,904,000 in 2020, indicating a gross margin improvement from 47.4% to 59.6%[50]. - The operating profit for the six months was HKD 15,438,000, a substantial increase from HKD 559,000 in the previous year[50]. Tax and Dividends - Income tax expenses increased significantly from approximately HKD 1.0 million to approximately HKD 2.1 million, primarily due to increased revenue from subsidiaries in Hong Kong and China[20]. - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2021[22]. - The company did not declare any dividends for the period, maintaining a focus on reinvestment and growth strategies[54]. Assets and Liabilities - As of September 30, 2021, the group's cash and bank balances totaled approximately HKD 71.1 million, an increase from HKD 62.9 million as of March 31, 2021[26]. - The net current assets as of September 30, 2021, were approximately HKD 67.7 million, compared to HKD 64.8 million as of March 31, 2021[26]. - Total equity attributable to the company's owners was approximately HKD 76.9 million as of September 30, 2021, up from HKD 74.0 million as of March 31, 2021[27]. - The company’s total equity as of September 30, 2021, reached HKD 76,909,000, compared to HKD 74,013,000 as of March 31, 2021, reflecting a growth of 3.9%[54]. - The company’s trade and other receivables decreased to HKD 11,425,000 as of September 30, 2021, from HKD 16,077,000 as of March 31, 2021, a decline of 29.1%[52]. Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 19,608,000, significantly up from HKD 3,099,000 in the same period of 2020, marking an increase of 532.5%[58]. - Cash and cash equivalents increased to HKD 71,133,000 as of September 30, 2021, from HKD 62,874,000 at the end of March 2021, indicating a rise of 13.5%[58]. - The group maintained a current ratio of 4.3 and a quick ratio of 4.0 as of September 30, 2021, down from 4.6 and 4.4 respectively as of March 31, 2021[24]. Future Plans and Strategies - The company anticipates continued growth despite uncertainties and challenges posed by the COVID-19 pandemic, particularly in the Asian market[49]. - The company aims to become a leading LED lighting solutions provider in Asia, leveraging financial resources from its successful IPO to expand its customer base and establish its own factory[49]. - The group plans to utilize approximately HKD 15.8 million of the remaining funds raised from the IPO according to the schedule disclosed in the prospectus[40]. Shareholder Information - Eight Dimensions holds 215,000,000 shares, representing 21.5% of the company[92]. - Garage Investment owns 490,000,000 shares, accounting for 49% of the total shares[92]. - Mr. Yang has a beneficial interest in 260,000,000 shares, which is 26% of the company[92]. - Ms. Kong Ying also holds 260,000,000 shares, equivalent to 26%[92]. - Ms. Wu Ying Si has a beneficial interest in 490,000,000 shares, representing 49%[92]. Compliance and Governance - The audit committee has reviewed the unaudited consolidated results for the six months ending September 30, 2021, ensuring compliance with applicable accounting standards[105]. - The company maintains sufficient public float as of the report date[104]. - There have been no significant subsequent events after the reporting period[102].
英马斯集团(08136) - 2022 - 中期财报