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亚洲速运(08620) - 2021 - 中期财报
AE LOGISTICSAE LOGISTICS(HK:08620)2020-11-13 09:08

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 172,435,000, an increase of 7.96% compared to HKD 160,167,000 for the same period in 2019[8] - The company reported a loss of HKD 3,580,000 for the six months ended September 30, 2020, compared to a profit of HKD 3,384,000 for the same period in 2019[8] - The company’s total comprehensive loss for the six months ended September 30, 2020, was HKD 3,577,000, compared to a total comprehensive income of HKD 1,135,000 for the same period in 2019[8] - The basic loss per share for the six months ended September 30, 2020, was HKD (0.76), compared to a profit of HKD 0.90 per share for the same period in 2019[8] - The group reported a net loss of HKD 3,580,000 for the six months ended September 30, 2020, compared to a profit of HKD 3,384,000 in the same period of 2019[30] - The company recorded a net loss of approximately HKD 3.6 million for the six months ended September 30, 2020, compared to a net profit of approximately HKD 3.4 million for the same period in 2019[63] Revenue Breakdown - For the six months ended September 30, 2020, total revenue was HKD 172,435,000, an increase of 7.96% compared to HKD 160,167,000 for the same period in 2019[20] - The air cargo station operation services generated revenue of HKD 49,088,000 for the six months ended September 30, 2020, down 9.23% from HKD 54,076,000 in 2019[20] - Transportation services revenue decreased to HKD 53,606,000, a decline of 6.06% from HKD 57,353,000 in the previous year[20] - Warehousing and other value-added services saw significant growth, with revenue increasing to HKD 38,685,000, up 170.56% from HKD 14,322,000 in 2019[20] - Revenue from Hong Kong for the six months ended September 30, 2020, was HKD 161,675,000, up 14.83% from HKD 140,789,000 in 2019[23] - Revenue from China for the same period decreased significantly to HKD 10,760,000, down 44.67% from HKD 19,378,000 in 2019[23] - Major customer A contributed HKD 85,303,000 to the group's revenue for the six months ended September 30, 2020, down 16.67% from HKD 102,471,000 in 2019[24] Assets and Liabilities - Total assets as of September 30, 2020, were HKD 107,130,000, an increase from HKD 92,647,000 as of March 31, 2020[10] - The company’s non-current assets increased to HKD 64,729,000 as of September 30, 2020, compared to HKD 63,499,000 as of March 31, 2020[10] - Total equity increased to HKD 76,607,000 as of September 30, 2020, compared to HKD 41,576,000 as of March 31, 2020[11] - Trade and other receivables rose to HKD 67,424,000 as of September 30, 2020, compared to HKD 62,005,000 as of March 31, 2020, indicating a growth of 8.5%[10] - Total trade and other payables decreased to HKD 37,451,000 as of September 30, 2020, down from HKD 51,559,000 as of March 31, 2020, representing a decline of 27.4%[37] - Bank borrowings amounted to HKD 27,000,000 as of September 30, 2020, down from HKD 30,000,000 as of March 31, 2020, a decrease of 10%[39] Cash Flow and Expenses - The net cash used in operating activities was HKD (16,219,000) for the six months ended September 30, 2020, compared to HKD 4,549,000 generated in the same period of 2019[14] - Employee benefit expenses decreased to HKD 21,059,000 for the six months ended September 30, 2020, from HKD 23,827,000 in the same period of 2019, reflecting a reduction of 11.6%[8] - Dispatch labor costs increased by approximately HKD 12.4 million or 30.4% to about HKD 53.2 million for the six months ended September 30, 2020, compared to approximately HKD 40.8 million for the same period in 2019[56] Share Capital and Dividends - The company completed a capital raising through share issuance, resulting in an increase in share capital to HKD 4,800,000 as of September 30, 2020[13] - The group did not declare any dividends for the six months ended September 30, 2020[29] - The company issued 120,000,000 shares at HKD 0.5 each, raising a total of HKD 60,000,000 for listing purposes on April 20, 2020[43] Operational Plans and Developments - The company plans to continue expanding its air cargo and logistics services in Hong Kong and China, focusing on enhancing operational efficiency and service offerings[15] - The company plans to enhance service quality and logistics capabilities to prepare for the gradual recovery and capitalize on opportunities arising from the rapid development of e-commerce[49] - The company has leased a new warehouse in Hong Kong to improve logistics capabilities, although initial operations may incur additional costs and lower efficiency[48] Compliance and Governance - The company has adopted the principles and code provisions of the corporate governance code as per GEM Listing Rules Appendix 15, ensuring proper regulation of its operations and decision-making processes[95] - The Audit Committee, established on March 23, 2020, is responsible for overseeing the financial reporting process, risk management, and internal control procedures[96] - The unaudited condensed consolidated financial statements for the six months ended September 30, 2020, have been prepared in compliance with applicable accounting standards and GEM Listing Rules[96]