Financial Performance - Total revenue for the six months ended June 30, 2022, was HK$125,595,000, a decrease from HK$1,124,219,000 in the same period of 2021[12] - Gross profit for the period was HK$47,329,000, compared to HK$52,161,000 in the previous year, reflecting a decline in profitability[12] - Profit for the period was HK$17,568,000, slightly down from HK$17,922,000 in the prior year, indicating a decrease of approximately 2%[12] - The company reported an operating profit of HK$29,058,000, which is a slight decrease from HK$29,450,000 in the same period last year[12] - The company attributed a profit of HK$9,302,000 to the owners, down from HK$11,418,000 in the previous year, marking a decrease of approximately 18.5%[12] - Profit for the period decreased to HK$17,568,000, down 2% from HK$17,922,000 in the previous year[15] - Total comprehensive loss for the period was HK$48,370,000, compared to a total comprehensive income of HK$16,916,000 in the prior year[15] - Basic and diluted earnings per share decreased to 0.23 HK cents from 0.29 HK cents year-over-year[15] Revenue Breakdown - For the six months ended June 30, 2022, total segment revenue was HK$125,595,000, compared to HK$1,124,219,000 for the same period in 2021, indicating a significant decrease in revenue[85][91] - The revenue from sale and leaseback arrangements was HK$43,384,000, while property leasing income was HK$2,332,000 for the six months ended June 30, 2022[85] - The revenue from supply chain management services was HK$6,528,000 for the six months ended June 30, 2022, with no revenue reported for the same service in the previous year[85] Assets and Liabilities - Total assets increased slightly to HK$2,329,468,000 from HK$2,325,595,000 as of December 31, 2021[17] - Total current assets rose to HK$1,891,891,000, up from HK$1,671,762,000 at the end of 2021[17] - Non-current liabilities decreased significantly to HK$42,777,000 from HK$118,855,000[20] - Total equity decreased to HK$1,828,190,000 from HK$1,890,379,000[20] - Trade and bill receivables decreased to HK$21,159,000 from HK$31,489,000[17] - Total segment assets decreased to HK$2,074,623, down 2.3% from HK$2,123,216 as of December 31, 2021[99] - Consolidated liabilities increased to HK$501,278, up 15.2% from HK$435,216 as of December 31, 2021[103] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2022, was HK$65,144,000, compared to a net cash used of HK$88,139,000 in the same period of 2021[32] - Cash and cash equivalents at the end of the period increased to HK$459,404,000 from HK$204,285,000 year-over-year[32] - The company reported a net cash generated from investing activities of HK$5,351,000, an increase from HK$4,994,000 in the previous year[32] - Total cash flows from financing activities resulted in a net cash generated of HK$15,077,000, compared to a net cash used of HK$31,893,000 in the prior year[32] Expenses and Costs - Selling expenses were reduced to HK$1,208,000 from HK$1,346,000, indicating a cost control measure[12] - Finance costs increased to HK$2,333,000 from HK$1,904,000, reflecting higher borrowing costs[12] - Employee benefit expenses increased to HK$14,665, up 6.4% from HK$13,789 in the same period last year[114] - Current tax expense for PRC subsidiaries was HK$8,381, a decrease from HK$9,315 in the previous year[118] - Deferred income tax expense was recorded at HK$1,217, slightly down from HK$1,271 in the previous year[118] Shareholder Information - The company paid dividends amounting to HK$11,954,000 during the reporting period[24] - The final dividend approved by shareholders for the year ended December 31, 2021, is HK$0.003 per ordinary share, totaling approximately HK$11,954,000, compared to HK$Nil for the previous year[119] Financial Instruments and Fair Value - The Group's financial assets at fair value through profit or loss (FVPL) amounted to HK$3,394,000, a decrease from HK$4,339,000 as of December 31, 2021, representing a decline of approximately 21.8%[59][60] - There were no transfers between levels 1, 2, and 3 of the fair value hierarchy during the period ended June 30, 2022, indicating stability in the classification of financial instruments[66] - The fair value hierarchy categorizes financial instruments into three levels based on the observability of inputs used in their valuation, with Level 3 including unlisted equity instruments[71] Other Comprehensive Income - Other comprehensive losses for the period amounted to HK$62,685,000, primarily due to currency translation differences[24] - The Group reported a share of other comprehensive loss of HK$3,253,000, compared to a gain of HK$2,236,000 in the prior year[182] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the interim report[10] - The Group is currently evaluating the impact of new accounting standards and amendments, which may affect future financial results[53][56]
首惠产业金融(00730) - 2022 - 中期财报