Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 102,031,000, representing a 0.85% increase from HKD 101,168,000 in 2020[11] - EBITDA for the same period was HKD 47,453,000, an increase of 8.91% compared to HKD 43,569,000 in 2020[11] - Net profit for the six months ended June 30, 2021, was HKD 24,730,000, reflecting a 27.78% increase from HKD 19,354,000 in 2020[11] - The company's profit before tax was HKD 29,830,000, representing a 27.5% increase from HKD 23,416,000 in the previous year[88] - The net profit for the period was HKD 24,730,000, compared to HKD 19,354,000 in the same period last year, marking a 27.7% increase[88] - Basic and diluted earnings per share increased to HKD 5.53, up from HKD 4.22 year-on-year[88] - The total equity attributable to the owners of the parent company as of June 30, 2021, was HKD 171,647,000, compared to HKD 151,504,000 as of June 30, 2020[97] - The company declared a final dividend of HKD 0.08 per share for the six months ended June 30, 2021, compared to HKD 0.06 per share in the same period of 2020, representing a 33% increase[128] Revenue Breakdown - Revenue from elderly care services rose from approximately HKD 76,023,000 to approximately HKD 76,507,000, an increase of about 0.64%[20] - Revenue from the Social Welfare Department's improved placement plan increased from approximately HKD 18,774,000 to approximately HKD 19,459,000, a growth of about 3.65%[21] - Revenue from day care services under the placement plan surged from approximately HKD 477,000 to approximately HKD 2,373,000, marking an increase of about 397.48%[22] - Revenue from personal client rentals decreased from approximately HKD 56,296,000 to approximately HKD 54,275,000, a decline of about 3.59%[24] - Revenue from non-governmental organization rentals fell from approximately HKD 476,000 to approximately HKD 400,000, a decrease of about 15.97%[25] - Other income increased significantly to HKD 12,856,000, up 91.5% from HKD 6,734,000 year-on-year[88] - Government subsidies increased significantly to HKD 11,106,000 in the first half of 2021 from HKD 4,672,000 in the same period of 2020, marking an increase of 137%[120] Assets and Liabilities - Cash and cash equivalents decreased by 10.01% to HKD 77,317,000 from HKD 85,914,000 as of December 31, 2020[11] - The net asset value decreased by 4.93% to HKD 186,560,000 from HKD 196,230,000 as of December 31, 2020[11] - Total assets as of June 30, 2021, were HKD 250,900,000, a decrease from HKD 259,692,000 at the end of 2020[91] - The total liabilities related to performance obligations not yet fulfilled amounted to HKD 417,000,000 as of June 30, 2021, compared to HKD 350,000,000 in 2020, showing an increase of 19%[117] Operational Highlights - The company operates seven elderly care homes in Hong Kong, with a focus on expanding its network to meet the growing demand due to an aging population[14] - The company has implemented special measures to enhance infection control in response to the COVID-19 pandemic, ensuring no adverse impact on operations during the reporting period[15] - The average occupancy rate for improved placement plan elderly homes was 94.56%, up from 93.27% in the previous year[28] - Employee costs increased from approximately HKD 37,177,000 to approximately HKD 40,785,000, reflecting a rise of about 9.70%[31] - The group recorded a profit of approximately HKD 24,730,000, compared to approximately HKD 19,354,000 in the previous year[33] Shareholder Information - As of June 30, 2021, Mr. Yi holds 262,980,000 shares, representing 65.75% of the total equity[57] - Mr. Lei holds 36,032,000 shares, accounting for 9.01% of the total equity[57] - The total number of shares that may be issued upon the exercise of options under the share option plan is 40,000,000, representing approximately 10% of the issued shares as of the reporting date[55] - The total issued shares of the company are 400,000,000 as of June 30, 2021[71] - The company and its affiliates collectively control approximately 65.75% of the issued share capital as of June 30, 2021[72] Compliance and Governance - The company has complied with the corporate governance code and trading rules during the reporting period[54] - The audit committee has reviewed the interim results and confirmed compliance with applicable accounting standards[83] - The financial statements were approved and authorized for issue by the board on August 6, 2021[147] Cash Flow and Expenditures - The net cash flow from operating activities for the six months ended June 30, 2021, was HKD 38,791,000, a decrease from HKD 41,002,000 in the previous year[99] - The company incurred financing cash outflows of HKD 46,436,000, which included dividend payments of HKD 34,400,000[99] - The cash flow from investing activities for the six months ended June 30, 2021, was a net outflow of HKD 952,000, compared to HKD 1,562,000 in the previous year[99] - The group purchased property, plant, and equipment for HKD 959,000 during the six months ended June 30, 2021, compared to HKD 1,562,000 for the same period in 2020, showing a decrease of about 38.5%[137] Employee and Management Information - As of June 30, 2021, the group had 372 employees, a slight decrease from 373 employees as of June 30, 2020[46] - Total remuneration paid to key management personnel for the six months ended June 30, 2021, was HKD 5,032,000, an increase from HKD 4,653,000 in the same period of 2020, representing an increase of approximately 8.2%[147]
恒智控股(08405) - 2021 - 中期财报