Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 339,042,000, an increase from HKD 148,307,000 in the same period of 2020, representing a growth of 128.5%[8] - Gross profit for the same period was HKD 115,241,000, compared to HKD 48,878,000 in 2020, reflecting a gross margin improvement[8] - The net profit attributable to the owners of the company for the six months ended June 30, 2021, was HKD 33,330,000, up from HKD 6,367,000 in 2020, indicating a significant increase of 424.5%[8] - Basic earnings per share for the period was HKD 3.03, compared to HKD 0.58 in the previous year, marking a substantial increase[8] - The company reported a total comprehensive income of HKD 51,368 million for the six months ended June 30, 2021, compared to HKD 146,153 million for the same period in 2020, indicating a decrease of 64.9%[14] - Net profit for the six months ended June 30, 2021, was approximately HKD 51.4 million, an increase of about HKD 39.1 million or 317.9% compared to HKD 12.3 million in 2020[81] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 446,010,000, up from HKD 353,742,000 as of December 31, 2020, showing a growth of 26.1%[10] - Current assets increased to HKD 369,396,000 from HKD 295,751,000, representing a rise of 25%[10] - Total liabilities increased to HKD 170,382 million as of June 30, 2021, compared to HKD 129,482 million as of December 31, 2020, representing a growth of 31.5%[11] - Net assets rose to HKD 275,628 million as of June 30, 2021, up from HKD 224,260 million at the end of 2020, indicating a 22.9% increase[11] - The company’s total non-current liabilities increased to HKD 13,857 million as of June 30, 2021, up from HKD 7,282 million at the end of 2020, representing an increase of 90.5%[11] Cash Flow - Cash generated from operating activities decreased to HKD 1,957 million for the six months ended June 30, 2021, down from HKD 7,405 million in the same period of 2020, reflecting a decline of 73.6%[16] - Net cash used in investing activities amounted to HKD 18,101 million for the first half of 2021, compared to HKD 1,738 million in the prior year, showing a significant increase in investment outflows[16] - Net cash generated from financing activities was HKD 4,733 million for the six months ended June 30, 2021, compared to HKD 988 million in the same period of 2020, marking a substantial increase[16] Market and Sales - Sales of scented candles reached HKD 227,955 thousand for the six months ended June 30, 2021, compared to HKD 78,166 thousand in the same period of 2020, marking an increase of 191.5%[24] - Revenue from the United States for the six months ended June 30, 2021, was HKD 323,404 thousand, up from HKD 135,164 thousand in the same period of 2020, reflecting a growth of 139.5%[32] - The company operates primarily in the United States and the United Kingdom, with significant revenue contributions from these regions[30] Expenses - The company reported a significant reduction in administrative expenses, decreasing from HKD 34,864,000 in 2020 to HKD 17,039,000 in 2021, a reduction of 51.1%[8] - The total employee benefits expenses (excluding directors' remuneration) for the six months ended June 30, 2021, amounted to HKD 24,082,000, up from HKD 11,110,000 in the same period of 2020, indicating a rise of approximately 116%[41] - Selling and distribution expenses for the period were approximately HKD 17.0 million, an increase of about HKD 6.5 million or 61.9% compared to HKD 10.5 million in 2020[76] - Administrative expenses for the period were approximately HKD 34.9 million, an increase of about HKD 14.5 million or 71.1% compared to HKD 20.4 million in 2020[77] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules, ensuring compliance and protecting shareholder interests[129] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended June 30, 2021, confirming compliance with applicable accounting standards[131] Share Capital and Dividends - The company did not declare or propose any dividends for the six months ended June 30, 2021, consistent with the previous year[44] - The company’s total issued and paid-up share capital remained at HKD 11,000,000 as of June 30, 2021, unchanged from December 31, 2020[56] Future Outlook - The company is focusing on market expansion and new product development to sustain growth in the upcoming periods[8] - Future outlook remains positive with strategic initiatives aimed at enhancing operational efficiency and increasing market share[8]
凯富善集团控股(08512) - 2021 - 中期财报