Revenue Performance - Total revenue for the period reached approximately HKD 88.6 million, a significant increase of about 193.4% compared to approximately HKD 30.2 million in the previous period[8] - Revenue from home goods exports contributed approximately 95.0% to total revenue, amounting to about HKD 84.1 million, which is an increase of approximately 214.6% from the previous period[8] - Revenue for the six months ended September 30, 2021, was HKD 88,583,000, a significant increase from HKD 30,185,000 in the same period of 2020, representing a growth of 194%[61] - Revenue from home goods sales for the six months ended September 30, 2021, reached HKD 88,583,000, a significant increase of 194% compared to HKD 30,185,000 in the same period of 2020[80] - Revenue from Australia for the six months ended September 30, 2021, was HKD 48,711,000, a substantial increase from HKD 3,631,000 in the same period of 2020, reflecting a growth of 1,241%[82] - The company’s revenue from the UK for the six months ended September 30, 2021, was HKD 15,095,000, up from HKD 9,978,000 in the same period of 2020, representing a growth of 51%[82] - Revenue from major customers showed significant growth, with Customer A generating HKD 48,283,000 in the six months ended September 30, 2021, compared to zero in the previous year, while Customer B and Customer C also increased their contributions[84] Profitability - Profit attributable to owners of the company was approximately HKD 6.3 million, compared to a loss of about HKD 0.3 million in the previous period[10] - The group recorded a profit attributable to the owners of approximately 6.3 million HKD, a turnaround from a loss of approximately 0.3 million HKD in the previous period, mainly due to an increase in gross profit[22] - Operating profit for the six months ended September 30, 2021, was HKD 6,367,000, a turnaround from an operating loss of HKD 160,000 in the same period of 2020[61] - The company reported a profit of HKD 6,340,000 for the six months ended September 30, 2021, a turnaround from a loss of HKD 296,000 in the same period last year[90] - Basic and diluted earnings per share for the six months ended September 30, 2021, were HKD 0.634, compared to a loss per share of HKD 0.030 in the same period of 2020[61] Expenses and Costs - The gross profit margin decreased from approximately 29.9% in the previous period to about 18.8% in the current period due to lower margin orders from a major customer[8] - Selling and distribution expenses increased to approximately HKD 6.2 million, a rise of about 44.2% from approximately HKD 4.3 million in the previous period[17] - The sales cost increased by approximately 240.6% to about HKD 70.5 million, aligning with the revenue growth during the period[13] - Employee benefits expenses totaled approximately 4.2 million HKD for the period, compared to approximately 3.8 million HKD in the previous period[33] - The company incurred a total tax expense of HKD 10,000 for the six months ended September 30, 2021, down from HKD 109,000 in the previous year[86] Cash Flow and Financial Position - As of September 30, 2021, the group's cash and bank balances were approximately 28.4 million HKD, up from approximately 15.4 million HKD as of March 31, 2021[23] - Cash generated from operating activities for the six months ended September 30, 2021, was HKD 2,834,000, compared to cash used of HKD 2,363,000 in the previous year[69] - The total cash and cash equivalents as of April 1, 2021, were HKD 15,391,000, indicating a significant increase to HKD 28,410,000 by September 30, 2021[73] - Cash and cash equivalents increased to HKD 28,410,000 as of September 30, 2021, from HKD 25,608,000 a year earlier, marking an increase of 11%[73] - The company’s financing activities resulted in a net cash outflow of HKD 355,000 for the six months ended September 30, 2021, consistent with the outflow of HKD 346,000 in the same period of 2020[73] Assets and Liabilities - Total assets as of September 30, 2021, were approximately 53.6 million HKD, compared to approximately 40.9 million HKD as of March 31, 2021[25] - Trade receivables increased to HKD 18,197,000 as of September 30, 2021, from HKD 8,821,000 as of March 31, 2021[65] - Total liabilities for lease obligations were HKD 1,022,000 as of September 30, 2021, compared to HKD 1,377,000 as of March 31, 2021, showing a decrease of 26%[104] - Trade payables increased to HKD 9,722,000 as of September 30, 2021, from HKD 867,000 as of March 31, 2021, marking an increase of 1,020%[102] - The debt-to-equity ratio decreased to approximately 2.6% from about 4.3% due to the repayment and amortization of lease liabilities[23] Corporate Governance and Outlook - The company maintains a cautiously optimistic outlook for business growth and development, anticipating a recovery in customer order volumes as global business activities resume[11] - The company plans to continue expanding its product portfolio and customer base to enhance revenue and profitability[11] - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance codes[58] - The company has adopted and complied with all applicable corporate governance code provisions during the period[47] Other Information - The company does not currently have a foreign currency hedging policy but closely monitors foreign exchange risks[36] - The board does not recommend the payment of an interim dividend for the period[45] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[43] - The company had no major investments or capital asset plans as of September 30, 2021[44] - There were no significant events affecting the company after September 30, 2021, up to the report date[46]
舍图控股(08392) - 2022 - 中期财报