Revenue Performance - The Group's construction revenue from external customers for the six months ended September 30, 2022, was $29.7 million, a decrease of 90.2% compared to the same period in 2021[10]. - The Group's data centre leasing revenue increased by 23.9% year-on-year to $113.9 million, driven by higher utilization rates from existing and new customers[11]. - The Grand Marine residential development achieved over 92% pre-sales, with revenue of $4.77 billion recognized during the first half of 2022/23[19]. - The Group's consolidated revenue for FH 2022/23 reached $4,920.1 million, a 7.4 times increase compared to FH 2021/22's $586.1 million[36]. - For the six months ended September 30, 2022, the Group reported revenue of approximately HK$4,920.1 million, a significant increase from HK$586.1 million in the same period of 2021, representing a growth of 738%[63]. - Revenue from property sales was HK$4,772,252,000, compared to HK$188,907,000 in 2021, indicating a remarkable increase of about 2435%[107][108]. - Revenue from external customers in the construction segment was HKD 29,705,000, while property leasing generated HKD 118,131,000, and property development contributed HKD 4,772,252,000[94]. Profitability - Consolidated gross profit surged to $2,036.7 million, up 19.0 times from $101.7 million in FH 2021/22, primarily due to the completion of sales from The Grand Marine project[36]. - Net profit for FH 2022/23 grew by 19.4 times to $1,410.2 million, compared to $69.2 million in FH 2021/22, with an underlying profit of $1,414.3 million, a 47.4 times increase[38]. - Profit for the period reached HK$1,410.2 million, a substantial rise from HK$69.2 million in the previous year, reflecting a year-on-year increase of 1,925%[66]. - The group recognized a profit before taxation of HK$297,546,000 for the six months ended September 30, 2022, compared to HK$4,858,000 in 2021, showing a substantial increase[113][115]. - The construction segment experienced a loss of HKD 18,463,000, while the property leasing segment achieved a profit of HKD 71,143,000[94]. Financial Position - As of September 30, 2022, the Group's outstanding bank borrowings were approximately $4,533.8 million, down from $4,906.9 million on March 31, 2022[39]. - The Group's gearing ratio improved to approximately 142.7% as of September 30, 2022, compared to 230.9% on March 31, 2022[39]. - The current ratio increased to 2.48 times as of September 30, 2022, up from 0.63 times on March 31, 2022, indicating improved liquidity[39]. - As of September 30, 2022, the Group had total assets of approximately HK$8,286.4 million, with non-current assets accounting for HK$5,343.4 million[68]. - The Group's total liabilities were approximately HK$5,000.0 million, resulting in a net asset position of around HK$3,286.4 million[68]. - The company’s total equity as of September 30, 2022, was HKD 3,177,514,000, up from HKD 2,125,549,000 as of March 31, 2022[70]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended September 30, 2022, was HKD 1,250,927,000, a significant increase from HKD 337,346,000 in the previous year[74]. - The net cash used in investing activities was HKD (597,656,000) for the six months ended September 30, 2022, compared to HKD (265,553,000) in the previous year[74]. - Cash and cash equivalents at September 30, 2022, were HKD 403,413,000, compared to HKD 179,902,000 at the same date in 2021[74]. Projects and Developments - Foundation work at the new data centre site at No. 3 On Kui Street is completed, with project completion scheduled for mid-2025[13]. - The Pau Chung Street project, named "The Grands," is set to be completed in the first half of 2023, featuring 76 residential units[20]. - The Luen Fat Street project is planned as a residential-cum-retail complex with a gross floor area of approximately 36,000 square feet, scheduled for completion in mid-2025[21]. - The two new high-tier data centres in Fanling will have an estimated gross floor area of approximately 185,000 square feet, with land use change applications in progress[12]. - The Group is developing a luxury residential project in Guangxi Province, with an estimated gross floor area of approximately 1,100,000 square feet[28]. Shareholder Information - Mr. Chan Hung Ming holds 67.39% of the Company's ordinary shares, totaling 956,642,940 shares[171]. - Mr. Lau Chi Wah holds 7.49% of the Company's ordinary shares, totaling 106,293,660 shares[171]. - The weighted average number of shares in issue during the period was 1,419,542,346, unchanged from the previous year[120]. Corporate Governance and Compliance - The company has complied with all code provisions of the Corporate Governance Code throughout the six months ended September 30, 2022[183]. - The Audit Committee reviewed the Group's unaudited condensed consolidated interim financial statements for FH 2022/23 with no disagreements noted[190]. - The interim results announcement has been published on the company's and Stock Exchange's websites[191].
佳明集团控股(01271) - 2023 - 中期财报