Revenue and Profit - Revenue for the six months ended June 30, 2022, was HK$185,555,000, a decrease of 8.9% from HK$202,564,000 in the same period of 2021[10] - Profit for the period increased to HK$61,707,000, up 30.3% from HK$47,331,000 in the previous year[10] - For the six months ended June 30, 2022, the profit attributable to owners of the company was HK$61,875,000, compared to HK$48,061,000 in 2021, representing a 28.5% increase[12] - Basic earnings per share attributable to owners of the company increased to HK$0.65 from HK$0.51, reflecting a 27.5% growth[12] - Profit before income tax for the six months ended June 30, 2022, was HK$71,072,000, a decrease of 4.4% from HK$74,373,000 in the previous year[10] Expenses and Costs - Finance costs rose to HK$26,883,000, compared to HK$21,791,000 in the same period last year, reflecting an increase of 23.5%[10] - Selling and distribution expenses decreased to HK$17,351,000, down 14.9% from HK$20,256,000 in the same period of 2021[10] - Direct costs increased to HK$29,561,000, up from HK$21,710,000, reflecting an increase of 36.1%[10] - Staff costs increased slightly to HK$9,557,000, compared to HK$9,021,000 in the previous year, an increase of 5.9%[10] Income and Other Gains - Other income increased significantly to HK$2,847,000, compared to HK$990,000 in the previous year, marking a growth of 187.9%[10] - The company reported a reversal of impairment of intangible assets amounting to HK$16,603,000, compared to no such reversal in the previous year[10] Assets and Liabilities - Non-current assets decreased to HK$2,481,681,000 from HK$2,611,263,000, a decline of 4.9%[14] - Current assets increased to HK$279,140,000 from HK$240,315,000, marking a 16.2% rise[14] - Total assets decreased to HK$2,760,821,000 from HK$2,851,578,000, a reduction of 3.2%[14] - Current liabilities decreased to HK$475,998,000 from HK$593,828,000, a decrease of 19.8%[16] - Total equity attributable to owners of the company was HK$1,753,529,000, slightly down from HK$1,766,500,000[16] Cash Flow and Financing - For the six months ended June 30, 2022, the company reported a net cash used in operating activities of HK$39,760,000, compared to a net cash generated of HK$78,182,000 in the same period of 2021[23] - The company generated net cash from financing activities of HK$36,199,000 in the first half of 2022, compared to a net cash used of HK$22,078,000 in the same period of 2021[23] - The company’s cash and cash equivalents at the end of the period amounted to HK$150,988,000, down from HK$180,653,000 at the end of June 2021[23] Financial Position and Going Concern - As of June 30, 2022, the Group's current liabilities exceeded current assets by approximately HK$196,858,000, indicating significant doubt on the Group's ability to continue as a going concern[35] - The Directors consider that the Group will have sufficient working capital to meet its financial obligations within the next twelve months[38] Segment Performance - Reportable segment profit before income tax for the six months ended June 30, 2022, was HK$82,766,000, compared to HK$82,927,000 in the same period of 2021, indicating a slight decline[46] - The exploration, production, and distribution of natural gas segment reported a profit before income tax of HK$83,064,000 for the six months ended June 30, 2022[46] - The food and beverage sales segment did not generate any revenue for the six months ended June 30, 2022, indicating a potential area for strategic review[46] - The money lending business segment reported a loss before income tax of HK$62,000 for the six months ended June 30, 2022, highlighting challenges in this area[46] Impairment and Amortization - Amortization of intangible assets for the six months ended June 30, 2022, was HK$15,741,000, reflecting ongoing investment in intangible assets[46] - The reversal of impairment of property, plant, and equipment amounted to approximately HK$4,316,000 during the period[198] - No impairment loss of intangible assets was recognized during the six months ended June 30, 2022, while a reversal of impairment of approximately HK$16,603,000 was recognized for the same period in 2021[152] Shareholder and Equity Information - The balance of total equity attributable to owners of the company as of June 30, 2022, was HK$1,661,610,000, an increase from HK$1,600,182,000 at the beginning of the year[1] - The company had convertible notes with an outstanding principal amount of HK$679,670,000 as of 30 June 2022[177]
中能控股(00228) - 2022 - 中期财报