Financial Performance - Revenue for the six months ended December 31, 2021, was HK$62,870,000, a decrease of 6.3% compared to HK$66,993,000 in the previous period[6]. - Gross profit for the same period was HK$36,432,000, down 7.1% from HK$39,218,000 in the previous period[6]. - Profit before taxation decreased to HK$3,545,000, representing a decline of 50.1% from HK$7,076,000 in the previous period[10]. - Profit for the period was HK$3,337,000, down 51.6% compared to HK$6,884,000 in the previous period[10]. - Total comprehensive income for the period was HK$4,924,000, a decrease of 62.9% from HK$13,252,000 in the previous period[10]. - Basic and diluted earnings per share were HK1.54 cents, down from HK3.17 cents in the previous period[10]. - The profit for the period ended December 31, 2021, was HK$3,337,000, compared to HK$6,884,000 for the same period in 2020[20]. - Profit attributable to owners of the Company was approximately HK$3.3 million, down from approximately HK$6.9 million in the previous period, primarily due to a decrease in turnover and a significant drop in interest income from money lending activities, which decreased by HK$1.4 million, or about 87.5%[118]. Assets and Liabilities - Non-current assets increased to HK$44,472,000 as of December 31, 2021, compared to HK$38,885,000 as of June 30, 2021[15]. - Current assets decreased to HK$156,169,000 from HK$177,105,000 as of June 30, 2021[15]. - Net assets increased to HK$112,587,000 from HK$107,663,000 as of June 30, 2021[15]. - Total equity remained stable at HK$112,587,000 as of December 31, 2021, compared to HK$107,663,000 as of June 30, 2021[15]. - As of December 31, 2021, total equity amounted to HK$112,587,000, an increase from HK$107,663,000 as of July 1, 2021[20]. - The Group's trade receivables as at 31 December 2021 were HK$14,809,000, slightly down from HK$14,822,000 as at 30 June 2021[77]. - Total inventories as at 31 December 2021 amounted to HK$22,190,000, a decrease from HK$23,105,000 as at 30 June 2021[72]. - The carrying value of property, plant, and equipment increased to HK$41,445,000 as at 31 December 2021 from HK$34,582,000 as at 1 July 2021[67]. - As of December 31, 2021, trade payables amounted to HK$50,458,000, an increase from HK$48,601,000 as of June 30, 2021[94]. - Receipts in advance from customers for the provision of services were HK$22,034,000 as of December 31, 2021, down from HK$24,970,000 as of June 30, 2021[101]. Cash Flow - Cash and cash equivalents at the end of the period were HK$102,169,000, a decrease from HK$118,689,000 at the end of 2020[26]. - Net cash used in operating activities for the six months ended December 31, 2021, was HK$4,392,000, compared to a net cash generated of HK$17,551,000 for the same period in 2020[26]. - The company reported a net cash used in investing activities of HK$10,563,000 for the six months ended December 31, 2021[26]. - The company experienced a decrease in cash and cash equivalents of HK$16,719,000 during the period[26]. Segment Performance - Revenue from technology system sales, including software licensing and maintenance services, was HK$50,681,000, down from HK$55,542,000, representing a decline of 8.3%[39]. - Revenue from technology installation and maintenance services increased to HK$24,168,000, up 11.5% from HK$21,681,000 in the previous year[39]. - The segment result for technology system sales was HK$4,816,000, while the segment result for leasing of system products was HK$1,926,000, contributing to a consolidated segment result of HK$6,780,000[44]. - The Group's performance in the first half of the fiscal year indicates a focus on technology and service offerings, with a notable increase in installation and maintenance services revenue[39]. Corporate Governance and Management - The Group did not declare any interim dividend for the six months ended 31 December 2021, consistent with the previous year[64]. - The Group has resolved not to declare an interim dividend for the six months ended December 31, 2021, consistent with the previous year[116]. - The Company complied with the Corporate Governance Code during the six months ended December 31, 2021, except for the non-executive Director not being appointed for a specific term[195]. - Mr. Liu Ka Lim received a special one-off bonus of HK$540,000 as of December 31, 2021[196]. Strategic Initiatives - The Group's adaptive market strategies helped maintain revenue levels despite pandemic challenges by adjusting the product mix to meet changing market needs[117]. - The Group's future income from rental contracts has been pledged as collateral for defined benefit retirement schemes of certain subsidiaries in the UK[111]. - The Offeror plans to review the existing principal businesses and financial position to formulate future business strategies, which may include asset disposals, acquisitions, and business diversification[136]. - The Company is exploring the possibility of introducing Multitone's products to Hong Kong and other Asian markets, which may require additional working capital[136]. - The Offeror's acquisition strategy may enhance the long-term growth potential of the Group[136]. Market Conditions - The UK economy is projected to grow by 4.7% in 2022 and 2.3% in 2023, with potential deceleration in growth thereafter[156]. - Increased border controls and additional import/export requirements due to Brexit have caused short-term disruptions in the supply chain[156]. - The emergence of new virus variants remains a downside risk, although the economy has adapted to social distancing measures[156]. Employee and Operational Insights - The Group employed about 170 staff globally, with staff costs amounting to approximately HK$32.5 million for the six months ended December 31, 2021, compared to HK$27.3 million for the same period in 2020[181]. - The remuneration and promotion of employees are determined by senior management based on business needs and market terms[181].
看通集团(01059) - 2022 - 中期财报