Financial Performance - For the six months ended September 30, 2021, the revenue decreased by approximately 10.3% to about HKD 228.3 million compared to the same period in 2020[21] - The gross profit for the six months ended September 30, 2021, increased by approximately 4.8% to about HKD 34.8 million[21] - The total profit and comprehensive income for the six months ended September 30, 2021, decreased by approximately 48.3% to about HKD 5.0 million[21] - The adjusted profit attributable to owners of the company for the six months ended September 30, 2021, increased by approximately 9.3% to HKD 8.1 million[21] - The basic earnings per share for the six months ended September 30, 2021, decreased by approximately 47.9% to about HKD 0.63[21] - The group reported a net profit of HKD 5,018 thousand for the six months ended September 30, 2021, down 48.3% from HKD 9,708 thousand in 2020[60] - Basic and diluted earnings per share were HKD 0.63 and HKD 0.62 respectively, compared to HKD 1.21 for both in the previous year[63] - The group recorded a net profit attributable to owners of approximately HKD 5.0 million in the first half of the 2022 fiscal year, a decrease of about 48.3% from HKD 9.7 million in the first half of the 2021 fiscal year[112] Revenue Breakdown - Revenue from Hong Kong for the six months ended September 30, 2021, was HKD 227,277 thousand, down from HKD 253,278 thousand in the same period of 2020[45] - Revenue from Macau for the same period was HKD 228,305 thousand, a decrease from HKD 254,458 thousand in 2020[45] - Revenue from the private sector decreased by approximately 14.9% to HKD 103.1 million, accounting for 45.2% of total revenue, compared to HKD 121.2 million in the previous year[89] - Revenue from the public sector decreased by approximately 6.0% to HKD 125.2 million, accounting for 54.8% of total revenue, compared to HKD 133.3 million in the previous year[90] Expenses and Costs - The total administrative expenses for the six months ended September 30, 2021, increased to HKD 9.8 million from HKD 6.0 million in the same period of 2020[24] - Selling expenses increased by approximately 5.9% to about HKD 20.0 million in the first half of the 2022 fiscal year, compared to HKD 18.9 million in the first half of the 2021 fiscal year[105] - The total employee cost for the interim fiscal year 2022 was approximately 23.7 million HKD, compared to 22.0 million HKD for the interim fiscal year 2021[126] Assets and Liabilities - As of September 30, 2021, total assets amounted to HKD 229,943 thousand, a decrease from HKD 249,419 thousand as of March 31, 2021[28] - The company's total equity as of September 30, 2021, was HKD 120,252 thousand, slightly down from HKD 121,995 thousand as of March 31, 2021[29] - The company’s total liabilities as of September 30, 2021, were HKD 109,691 thousand, compared to HKD 122,424 thousand as of March 31, 2021[29] - Trade receivables as of September 30, 2021, amounted to HKD 76,327 thousand, a decrease of 8.9% from HKD 83,742 thousand as of March 31, 2021[53] Acquisitions and Strategic Developments - The company conditionally agreed to acquire 70.0% of the issued share capital of ServiceOne International Holdings Limited, which will become an indirect non-wholly owned subsidiary of the company[84] - The group completed the acquisition of ServiceOne International Holdings Limited on October 8, 2021, expanding its business and customer base across multiple regions including Greater China and Asia-Pacific[98] - The acquisition is expected to enhance the group's revenue base and improve profitability by providing more comprehensive IT services to clients[99] - The group is focusing on strategic development in three key areas: Hybrid Cloud, Multi-Cloud, and "as-a-Service" solutions, as well as enhancing digital transformation for clients[94] Cash Flow and Financial Position - The company reported a net cash outflow from operating activities of HKD 17,139 thousand for the six months ended September 30, 2021, compared to HKD 4,602 thousand for the same period in 2020[35] - Cash and cash equivalents decreased to HKD 134,149 thousand at the end of the reporting period from HKD 152,105 thousand at the beginning of the period[35] - As of September 30, 2021, the company's cash and cash equivalents were approximately 134.1 million HKD, down from approximately 152.1 million HKD as of March 31, 2021[116] Shareholder Information - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zi with 89,760,000 shares (11.2%) as of September 30, 2021[142] - Ms. Luk holds 226,890,000 shares (28.2%) and has a related interest in 450,500,000 shares (56.1%)[142] - The total issued shares as of September 30, 2021, is 803,280,000[147] Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM Listing Rules, with no known violations during the 2022 fiscal year[160] - The company has applied the corporate governance code as per GEM Listing Rules, maintaining compliance throughout the 2022 fiscal year, except for disclosed deviations[161] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2021, confirming compliance with applicable accounting standards and sufficient disclosures[164]
思博系统(08319) - 2022 - 中期财报