Financial Performance - The company recorded revenue of HKD 3,109,305,000 for the six months ended September 30, 2022, a slight decrease of 0.5% compared to HKD 3,124,031,000 in the same period of 2021[5]. - Gross profit for the period was HKD 251,278,000, down 8.1% from HKD 273,462,000 in the previous year[6]. - The company's profit for the period was HKD 21,615,000, a significant decline of 51.7% from HKD 44,724,000 in the same period of 2021[7]. - Basic and diluted earnings per share were approximately HKD 0.0512, compared to HKD 0.1041 in the previous year, reflecting a decrease of 50.9%[8]. - Operating profit for the six months ended September 30, 2022, was HKD 38,891,000, a decrease of 31.9% compared to HKD 57,054,000 in the same period last year[24]. - The net profit before tax for the period was HKD 30,000,000, compared to HKD 52,000,000 in the same period last year[85]. - Net profit attributable to equity holders was HKD 22,449, down 50.7% from HKD 45,581 in the previous year[61]. Assets and Liabilities - As of September 30, 2022, the net asset value attributable to equity holders was HKD 1,448,839,000, down from HKD 1,541,475,000 as of March 31, 2022[8]. - Total assets decreased to HKD 4,506,709,000 from HKD 4,737,458,000 as of March 31, 2022, indicating a decline of 4.9%[15]. - Total liabilities decreased to HKD 3,058,822,000 from HKD 3,196,101,000, reflecting a reduction of 4.3%[18]. - The total outstanding contracts increased by 21% to HKD 25,991,000,000 as of September 30, 2022[86]. - The total bank loans as of September 30, 2022, amounted to HKD 1,190,235,000, down from HKD 1,318,480,000 as of March 31, 2022[74]. - The total borrowings of the group as of September 30, 2022, were HKD 1,190 million, a decrease from HKD 1,318 million as of March 31, 2022[93]. Cash Flow and Investments - Cash flow from operating activities resulted in a net cash outflow of HKD 202,974,000, compared to a net cash inflow of HKD 420,674,000 in the previous year[24]. - Total cash and cash equivalents at the end of the period were HKD 610,012,000, down from HKD 752,456,000 at the end of the previous year[26]. - The net cash generated from investing activities was HKD (13,995,000), a decrease from HKD 10,026,000 in the prior year[26]. - The company incurred a loss of HKD 30,787,000 from the purchase of property, plant, and equipment, which increased from HKD 15,287,000 in the prior year[26]. - Cash and bank balances decreased to HKD 477,874 from HKD 928,138, a drop of 48.6%[66]. Revenue Breakdown - Revenue from construction was HKD 1,879,748,000, down 11.3% from HKD 2,117,594,000 in the previous year[42]. - Revenue from mechanical and electrical installation was HKD 1,171,732,000, an increase of 36.5% from HKD 857,827,000 in the previous year[42]. - Revenue from building materials supply was HKD 42,144,000, a significant decrease of 65% from HKD 120,440,000 in the previous year[42]. - Other income for the six months ended September 30, 2022, was HKD 8,403,000, down 49.3% from HKD 16,586,000 in the previous year[51]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 10,951,000, unchanged from the previous year[10]. - The group declared an interim dividend of HKD 0.025 per share for the six months ended September 30, 2022, consistent with the previous year[101]. - Mr. Huang Yiqiang holds 267,642,599 shares, representing 61.10% of the company's equity[103]. - As of September 30, 2022, no major shareholders were identified holding 5% or more of the issued share capital[106]. Risk Management and Compliance - The company has not made any significant changes to its risk management policies since the end of the fiscal year[39]. - The group continues to engage in various financial risk factors, including market risk, credit risk, and liquidity risk[38]. - The company has not adopted any new accounting standards that would significantly impact its financial performance or position[34]. - The audit committee reviewed the accounting principles and practices adopted by the group, including the unaudited interim results[108]. - The company has adopted the principles and code of corporate governance as set out in Appendix 14 of the Listing Rules[109]. Operational Highlights - The company provided performance guarantees to customers totaling approximately HKD 631,381,000 as of September 30, 2022, up from HKD 418,394,000 as of March 31, 2022[78]. - The company received multiple awards at the 2022 Building Information Modeling Achievement Awards, recognizing its excellence in BIM technology[88]. - The group has developed a patented Modular Integrated Construction (MiC) system and launched several AI-assisted solutions and digital tools to enhance project performance[99]. - The company anticipates that the annual revenue from construction materials supply will be lower than last year and the original budget due to ongoing supply chain challenges[84]. - The group employed approximately 3,500 employees as of September 30, 2022, an increase from 3,200 employees as of March 31, 2022[95].
有利集团(00406) - 2023 - 中期财报