Financial Performance - The group reported unaudited revenue of approximately HKD 28.0 million for the six months ended March 31, 2020, representing an increase of approximately 24.4% compared to the same period in 2019[7]. - The unaudited gross profit for the same period was approximately HKD 14.1 million, which is an increase of approximately 62.1% year-on-year[8]. - The group recorded an unaudited net loss of approximately HKD 1.0 million for the six months ended March 31, 2020, compared to a net loss of approximately HKD 8.1 million in the same period of 2019[9]. - Basic loss per share for the six months ended March 31, 2020, was HKD 0.10, a significant improvement from HKD 0.81 for the same period in 2019[10]. - The group experienced a decrease in contract assets to HKD 3.5 million as of March 31, 2020, down from HKD 10.8 million[16]. - The group reported a decrease in administrative expenses to HKD 13.8 million for the six months ended March 31, 2020, compared to HKD 16.1 million in the same period of 2019[14]. - Revenue from financial printing services for the six months ended March 31, 2020, was HKD 27,998,000, representing a 24.0% increase from HKD 22,452,000 in 2019[30]. - The total revenue from listing-related documents for the three months ended March 31, 2020, was HKD 9,645,000, significantly up from HKD 2,685,000 in 2019[30]. - The company’s revenue from compliance documents for the six months ended March 31, 2020, was HKD 7,625,000, up from HKD 5,579,000 in 2019[30]. Cash Flow and Assets - The group's cash and bank balances increased to HKD 50.5 million as of March 31, 2020, from HKD 47.4 million as of September 30, 2019[16]. - The net cash generated from operating activities for the six months ended March 31, 2020, was HKD 8,557,000, compared to a net cash used of HKD 4,936,000 in the same period of 2019[19]. - The cash and cash equivalents increased by HKD 3,077,000 during the six months ended March 31, 2020, compared to a decrease of HKD 13,088,000 in the same period of 2019[19]. - As of March 31, 2020, the company’s cash and cash equivalents at the end of the period were HKD 50,476,000, compared to HKD 49,301,000 at the end of the previous period[19]. - Total assets less current liabilities as of March 31, 2020, amounted to HKD 76.4 million, compared to HKD 68.7 million as of September 30, 2019[16]. - Total trade receivables as of March 31, 2020, amounted to HKD 24,242,000, an increase from HKD 20,783,000 as of September 30, 2019[43]. Dividends and Shareholder Information - The board resolved not to declare any dividend for the six months ended March 31, 2020, consistent with the previous year[11]. - The company did not declare any dividends for the six months ended March 31, 2020, consistent with the previous year[35]. - The major shareholder, Achiever Choice, holds 750 million shares, representing 75% of the company's equity[79][82]. Employee and Operational Information - The company recorded employee benefit expenses of HKD 9,653,000 for the six months ended March 31, 2020, down from HKD 12,315,000 in the same period of 2019, representing a decrease of approximately 21.5%[34]. - As of March 31, 2020, the company had a total of 55 full-time employees, down from 61 employees as of March 31, 2019[76]. Corporate Governance and Compliance - The company has appointed a compliance advisor, who has confirmed their independence as of March 31, 2020[87]. - The company has adhered to all corporate governance codes except for a deviation related to the absence of the chairman at the annual general meeting held on February 5, 2020[88]. - All directors have confirmed compliance with the trading standards set forth in the GEM Listing Rules for the six months ending March 31, 2020[89]. - No directors or major shareholders have any competing business interests with the group as of March 31, 2020[85]. Future Plans and Investments - The group plans to continue investing in facilities and staff to enhance service levels and competitiveness[49]. - The company plans to postpone the use of net proceeds from its IPO until the fiscal year ending March 31, 2021, due to rising rental costs and a competitive business environment[67]. Other Financial Information - The company did not redeem any listed securities nor did it or any of its subsidiaries purchase or sell any such securities during the six months ending March 31, 2020[90]. - The financial information in the report has not been audited by the independent auditor, but the audit committee has reviewed the unaudited consolidated results for the six months ending March 31, 2020[92].
钜京控股(08450) - 2020 - 中期财报