Financial Performance - The group recorded unaudited revenue of approximately HKD 232.6 million for the six months ended June 30, 2021, representing an increase of about 12.9% compared to HKD 206.0 million for the same period in 2020[10] - The unaudited profit for the six months ended June 30, 2021, was approximately HKD 6.2 million, an increase of about 29.2% from HKD 4.8 million for the same period in 2020[10] - Basic earnings per share for the six months ended June 30, 2021, were approximately HKD 0.78, compared to HKD 0.60 for the same period in 2020[10] - Operating profit for the six months ended June 30, 2021, was HKD 6.55 million, compared to HKD 6.14 million for the same period in 2020[11] - Total comprehensive income for the period was HKD 5.49 million, compared to HKD 4.99 million for the same period in 2020[11] - The company reported a profit of HKD 6,241 million for the six months ended June 30, 2021, up from HKD 4,775 million in the previous period[16] - The company’s total comprehensive income for the period was HKD 4,475 million[16] Dividends and Shareholder Returns - The board resolved not to declare an interim dividend for the six months ended June 30, 2021, consistent with the decision for the same period in 2020[10] - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2021, compared to no dividend for the same period in 2020[71] Assets and Liabilities - The company’s total assets as of June 30, 2021, were reported in the unaudited consolidated financial position statement[13] - Total assets as of June 30, 2021, were HKD 190,339 million, a decrease from HKD 175,580 million as of December 31, 2020[14] - The company's equity attributable to owners increased to HKD 139,273 million from HKD 132,678 million[14] - Total liabilities decreased to HKD 57,661 million from HKD 36,307 million[14] - The company's asset-liability ratio as of June 30, 2021, was approximately 3.34%, compared to 4.93% as of December 31, 2020[98] Cash Flow and Financial Position - Cash and bank balances decreased to HKD 22,256 million from HKD 29,789 million[19] - The net cash flow from operating activities was a negative HKD 1,964 million for the six months ended June 30, 2021, compared to HKD 8,438 million for the same period in 2020[19] - As of June 30, 2021, the group's cash and bank balances were approximately HKD 22.3 million, down from approximately HKD 29.8 million as of December 31, 2020[99] - Current assets as of June 30, 2021, were approximately HKD 165.2 million, compared to approximately HKD 179.4 million as of December 31, 2020[99] - The current ratio increased from approximately 3.27 as of December 31, 2020, to approximately 4.94 as of June 30, 2021[99] Employee Expenses - Employee benefit expenses for the six months ended June 30, 2021, were HKD 98.5 million, compared to HKD 105.8 million for the same period in 2020[11] - Total employee benefits expenses for the six months ended June 30, 2021, were HKD 194,091,000, an increase from HKD 188,456,000 in the same period of 2020[61] - The group had a total of 2,268 employees as of June 30, 2021[107] Business Operations - The company is currently operating a single business segment, providing property management services in Hong Kong[42] - The company anticipates growth in the public housing property management services business alongside the development of the public housing market in Hong Kong[90] - The company plans to continue increasing its market share in the property management sector, leveraging opportunities from new service contracts[90] Financial Risks and Management - The company faces various financial risks, including credit risk, interest rate risk, foreign exchange risk, and liquidity risk, with a focus on minimizing potential adverse impacts on financial performance[45] - The company applies a simplified approach to recognize expected credit losses for trade receivables and contract assets from the initial recognition of the asset[39] - The company has not used financial derivatives to hedge its financial risks[45] Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules without any deviations[123] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards[128] Share Capital and Options - R5A Group Limited holds 491,440,000 shares, representing 61.43% of the company's issued share capital[118] - Ms. Yang Xiuyun owns 57,120,000 shares, accounting for 7.14% of the company's equity[118] - The company has adopted a share option scheme to incentivize eligible participants, effective for ten years from the listing date[120] - A total of 32,000,000 share options were granted to four employees at an exercise price of HKD 0.177 per share[121]
雅居投资控股(08426) - 2021 - 中期财报