Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 25,625,000, a decrease of 9.6% compared to HKD 28,349,000 for the same period in 2020[22] - Gross profit for the six months ended September 30, 2021, was HKD 12,994,000, down 13.0% from HKD 14,910,000 in the previous year[22] - Operating profit for the six months ended September 30, 2021, was HKD 3,446,000, a decline of 53.3% compared to HKD 7,386,000 for the same period in 2020[22] - Profit before tax for the six months ended September 30, 2021, was HKD 2,671,000, down 58.7% from HKD 6,469,000 in the previous year[22] - Total comprehensive income for the period was HKD 2,161,000, a decrease of 62.7% compared to HKD 5,791,000 for the same period in 2020[22] - Basic earnings per share for the six months ended September 30, 2021, was 0.93 HK cents, down from 2.37 HK cents in the previous year[22] Expenses and Costs - Administrative expenses for the six months ended September 30, 2021, were HKD 10,172,000, a decrease of 3.3% compared to HKD 10,517,000 in the previous year[22] - Other income for the six months ended September 30, 2021, was HKD 592,000, down 75.5% from HKD 2,413,000 in the previous year[22] - Financial costs for the six months ended September 30, 2021, were HKD 775,000, a decrease of 15.5% compared to HKD 917,000 in the previous year[22] - Service costs for the six months ended September 30, 2021, were approximately HKD 12.6 million, a decrease of about HKD 0.8 million or 6.0% compared to HKD 13.4 million for the same period in 2020[101] Assets and Liabilities - As of September 30, 2021, total non-current assets decreased to HKD 10,994,000 from HKD 13,357,000 as of March 31, 2021, representing a decline of approximately 17.7%[24] - Current assets totaled HKD 69,943,000, down from HKD 100,365,000, indicating a decrease of about 30.3%[24] - Total liabilities decreased from HKD 58,121,000 to HKD 32,990,000, reflecting a reduction of approximately 43.2%[24] - The company reported a total equity of HKD 47,175,000 as of September 30, 2021, down from HKD 54,637,000, marking a decline of about 13.7%[25] - Cash and cash equivalents decreased by HKD 20,828,000, from HKD 64,240,000 to HKD 43,412,000, representing a decline of approximately 32.5%[29] - The company incurred a share buyback payment of HKD 9,580,000 during the reporting period[29] Revenue Breakdown - Revenue from interior design and execution services for the three months ended September 30, 2021, was HKD 11,600 thousand, down from HKD 12,236 thousand in the same period of 2020, a decline of about 5.2%[47] - The group’s revenue from Hong Kong for the six months ended September 30, 2021, was HKD 23,659 thousand, down from HKD 25,367 thousand in the same period of 2020, indicating a decrease of about 6.7%[50] - Revenue from Japan and Macau increased to HKD 1,151,000 for the six months ended September 30, 2021, compared to HKD 236,000 in 2020[55] Shareholder Information - The total number of shares repurchased during the six months ended September 30, 2021, was 114,432,000 shares, with a total cost of approximately HKD 9,580 thousand[84] - The company approved a share consolidation on August 31, 2021, merging every five shares of HKD 0.0001 into one share of HKD 0.0005, effective from September 2, 2021[86] - The total number of shares in treasury as of September 30, 2021, was 4,384,000 shares, with a value of HKD 1,621 thousand[88] - Whistle Up Limited, controlled by Mr. Chan, holds 158,947,368 shares, representing 71.45% of the total equity[130] - The company's share repurchase program resulted in the buyback of 108,800,000 shares, which were subsequently canceled on July 19, 2021[126] Corporate Governance - The company has maintained high corporate governance standards, adhering to the GEM Listing Rules[143] - The audit committee has reviewed the unaudited interim financial information for the six months ending September 30, 2021, and found it compliant with applicable accounting standards[148] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[141] Future Outlook - The company has not disclosed any specific future outlook or guidance in the provided content[22] - The company has no significant future plans for major investments or capital assets as of September 30, 2021[120] - No significant events affecting the group's operations and financial performance have been disclosed since September 30, 2021[150]
客思控股(08173) - 2022 - 中期财报