Financial Performance - Noble Engineering Group Holdings Limited reported a significant increase in revenue, achieving HKD 150 million for the first half of the year, representing a 25% growth compared to the previous year[9]. - The company’s net profit for the same period was HKD 30 million, reflecting a 15% increase year-on-year[9]. - Revenue for the six months ended 30 September 2021 was HK$157,718, a slight increase from HK$157,035 for the same period in 2020, representing a growth of 0.43%[36]. - Revenue for the three months ended September 30, 2021, was HK$82,158, a slight decrease from HK$83,501 in the same period of 2020, representing a decline of 1.6%[6]. - Gross profit for the six months ended September 30, 2021, was HK$844, down from HK$867 in 2020, indicating a decrease of 2.7%[6]. - The group recorded a loss attributed to owners of the Company of approximately HK$4.3 million for the six months ended 30 September 2021, compared to a loss of approximately HK$4.5 million for the same period in 2020[92]. - Loss per share for the six months ended September 30, 2021, was HK$0.024, compared to HK$0.007 in the same period of 2020, reflecting a deterioration in performance[6]. - The company reported a loss attributable to owners of HK$2,592,000 for the three months ended September 30, 2021, compared to a loss of HK$2,701,000 in the same period of 2020, representing a decrease of 4%[53]. Operational Efficiency - The company reported a cash flow from operations of HKD 50 million, indicating strong liquidity and operational efficiency[9]. - The company reported a net cash used in operating activities of HK$17,408 for the six months ended September 30, 2021, an improvement from HK$30,211 in the same period of 2020[21]. - The decrease in net loss was mainly attributed to a reduction in administrative and other operating expenses for the six months ended 30 September 2021[74]. - Administrative and other operating expenses decreased by approximately HK$0.6 million or 10.2% from approximately HK$5.9 million for the six months ended 30 September 2020 to approximately HK$5.3 million for the six months ended 30 September 2021[86]. - Finance costs decreased by 72.2% to approximately HK$5,000 for the six months ended 30 September 2021 from approximately HK$18,000 for the six months ended 30 September 2020[90]. Market Strategy - The company has set a revenue guidance of HKD 320 million for the upcoming fiscal year, projecting a growth rate of 30%[9]. - Noble Engineering is investing in new technology development, allocating HKD 10 million towards R&D initiatives aimed at enhancing service efficiency[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[9]. - The Group plans to explore other business opportunities and expand geographical coverage beyond the Hong Kong market to strengthen revenue bases[77]. - The Group intends to implement a more prudent approach in project selection, focusing on well-established contractors and business partners to ensure project stability and sound receivables[74]. Sustainability and Compliance - The management highlighted a strategic focus on sustainability, aiming to reduce operational carbon footprint by 20% over the next three years[9]. - Noble Engineering's board of directors emphasized the importance of maintaining compliance with GEM Listing Rules to ensure transparency and investor confidence[5]. - The Company has adopted the Corporate Governance Code since its listing date and has complied with its provisions up to the report date[137]. - All Directors confirmed compliance with the Required Standard of Dealing during the six months ended 30 September 2021, with no non-compliance events reported[133]. Shareholder Information - The company raised HK$13,781 through a rights issue of shares during the period[21]. - Following the Rights Issue on 11 June 2021, the number of shares increased from 139,600,000 to 209,400,000, with net proceeds of approximately HK$13.8 million after expenses[101]. - The Company does not recommend the payment of a dividend for the six months ended 30 September 2021, consistent with the previous period[92]. - The Group had cash and cash equivalents of approximately HK$33.9 million as of September 30, 2021, compared to HK$37.6 million on March 31, 2021[105]. - The gearing ratio for the Group as of September 30, 2021, was nil, indicating no bank borrowings[105].
怡康泰工程集团(08445) - 2022 - 中期财报