Revenue Performance - The company reported a revenue of HKD 44,988,000 for the three months ended September 30, 2021, compared to HKD 24,773,000 for the same period in 2020, representing an increase of 81.5%[8] - For the six months ended September 30, 2021, the revenue was HKD 72,131,000, up from HKD 57,474,000 in the same period of 2020, indicating a growth of 25.6%[8] - Total revenue for the six months ended September 30, 2021, was HKD 72,131,000, an increase of 28.5% compared to HKD 56,142,000 for the same period in 2020[26] - Construction contract revenue for the three months ended September 30, 2021, was HKD 44,988,000, up 88.0% from HKD 23,960,000 in the same period of 2020[28] - The group’s construction contract income for the six months ended September 30, 2021, was HKD 72,131,000, reflecting a strong performance in the construction sector[26] Profitability and Loss - The gross profit for the three months ended September 30, 2021, was HKD 1,442,000, a decrease from HKD 5,355,000 in the same period of 2020, reflecting a decline of 73.1%[8] - The company incurred an operating loss of HKD 10,758,000 for the three months ended September 30, 2021, compared to an operating loss of HKD 2,217,000 in the same period of 2020, representing an increase in loss of 384.5%[8] - The net loss attributable to the owners of the company for the three months ended September 30, 2021, was HKD 10,945,000, compared to HKD 2,744,000 in the same period of 2020, indicating an increase in loss of 298.5%[8] - The total comprehensive loss for the period was HKD 10,968,000, compared to HKD 2,413,000 in the same period of 2020, reflecting an increase of 354.5%[8] - The group recorded a loss attributable to owners of the company of approximately HKD 10.7 million for the six months ended September 30, 2021, compared to a loss of approximately HKD 2.4 million for the same period in 2020[92] Expenses and Costs - The company’s administrative expenses for the three months ended September 30, 2021, were HKD 4,703,000, a slight decrease from HKD 4,987,000 in the same period of 2020[8] - The group's cost of sales for the six months ended September 30, 2021, was approximately HKD 67.3 million, an increase of about 36.2% from approximately HKD 49.4 million for the same period in 2020[88] - The increase in administrative expenses for the six months ended September 30, 2021, was approximately 3.9%, rising to about HKD 7.9 million from approximately HKD 7.6 million for the same period in 2020[91] Financial Position - The company’s total assets as of September 30, 2021, were reported in the unaudited consolidated financial position statement[10] - Total non-current assets amounted to HKD 56,700 million, an increase from HKD 56,012 million[11] - Current assets totaled HKD 77,770 million, compared to HKD 76,682 million in the previous period[11] - Current liabilities decreased significantly to HKD 44,990 million from HKD 65,797 million[11] - Net current assets increased to HKD 32,780 million, up from HKD 10,885 million[11] - Total assets less current liabilities reached HKD 89,480 million, compared to HKD 66,897 million previously[11] - Total equity rose to HKD 78,621 million, up from HKD 54,766 million[13] - The group completed a rights issue on May 3, 2021, raising approximately HKD 25 million, which was used to repay overdue payables and bank loans[98] - The group completed a placement of new shares on September 21, 2021, raising approximately HKD 7.3 million, which remains unutilized as of September 30, 2021[103] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were HKD 12,283 million, an increase from HKD 7,532 million[18] - The net cash inflow from financing activities was HKD 14,513 million, compared to a net outflow of HKD 4,210 million in the previous period[18] - As of September 30, 2021, the group had cash and bank balances of approximately HKD 12.3 million, up from approximately HKD 7.5 million as of March 31, 2021[93] - The group maintains a prudent treasury policy to ensure a strong and healthy liquidity position for future growth opportunities[110] Impairment and Provisions - The financial assets impairment loss for the three months ended September 30, 2021, was HKD 7,640,000, compared to HKD 3,958,000 in the same period of 2020, indicating an increase of 92.5%[8] - The company reported engineering receivables of HKD 51,379,000 as of September 30, 2021, with a provision for impairment losses of HKD 24,646,000, compared to HKD 52,986,000 and HKD 18,108,000, respectively, as of March 31, 2021[55] - The total amount of warranty receivables as of September 30, 2021, was HKD 5,817,000, with an impairment provision of HKD 3,929,000[55] - The provision for impairment of engineering receivables and warranty receivables amounted to HKD 10,807 million as of April 1, 2020, and HKD 6,538 million for the period ended March 31, 2021[59] Employee and Operational Efficiency - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and drilling works[86] - The company’s short-term employee benefits amounted to HKD 1,042 million for the six months ended September 30, 2021, down from HKD 1,434 million in the same period of 2020[83] - The total employee costs for the six months ended September 30, 2021, reached approximately HKD 18.5 million, compared to HKD 17.2 million for the same period in 2020[116] - The group employed 80 full-time employees as of September 30, 2021, consistent with the previous year[116] Dividends and Shareholder Information - The group did not recommend an interim dividend for the six months ended September 30, 2021, consistent with the previous year[40] - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2021[117] Market and Industry Outlook - The overall industry outlook remains challenging due to uncertainties caused by the COVID-19 pandemic, affecting the foundation industry negatively[86] Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2021, and found them to comply with applicable accounting standards and GEM Listing Rules[139] - The board of directors includes executive directors and independent non-executive directors[143]
中国新消费集团(08275) - 2022 - 中期财报