Financial Performance - The company recorded a revenue of approximately HKD 1,315 million for the six months ended September 30, 2022, a decrease of about 47.1% compared to HKD 2,487 million in the same period last year[8]. - The gross loss for the period was approximately HKD 16.3 million, compared to a gross profit of approximately HKD 82.7 million in the previous interim period[9]. - The loss attributable to owners of the company was approximately HKD 66.6 million, compared to a profit of approximately HKD 40.5 million in the previous interim period[10]. - The earnings per share for the period was approximately HKD 0.89 loss, compared to earnings of approximately HKD 0.61 in the previous interim period[11]. - Total revenue for the six months ended September 30, 2022, was HKD 1,314,531, a decrease of 47% compared to HKD 2,486,622 for the same period last year[58]. - Gross loss for the period was HKD 16,315, compared to a gross profit of HKD 82,675 in the previous year[58]. - The company reported a total comprehensive loss of HKD 84,666 for the period, compared to a comprehensive income of HKD 41,819 in the previous year[58]. - The company reported a pre-tax loss of HKD 61,760 for the six months ended September 30, 2022, compared to a profit of HKD 51,992 in the same period of 2021[90]. - The company reported a basic and diluted loss per share of HKD 0.89 for the period[58]. Revenue Breakdown - The revenue from the building construction segment was approximately HKD 102.1 million, down from approximately HKD 131.3 million in the previous interim period[12]. - The revenue from renovation and improvement works increased to approximately HKD 153.6 million, up from approximately HKD 134.0 million in the previous interim period[14]. - The revenue from property maintenance decreased to approximately HKD 296.1 million from approximately HKD 357.4 million in the previous interim period[16]. - The material trading segment reported revenue of approximately HKD 762.7 million, down from approximately HKD 1,863.9 million in the previous interim period[17]. - The revenue from building construction and related businesses was HKD 102,146, down from HKD 131,344, a decrease of about 22% year-over-year[92]. Operational Changes - The company has ceased its construction operations in Singapore following the voluntary liquidation of its subsidiary, Hong Kong Construction[24]. - The company plans to closely monitor operational cost control to maintain liquidity and market competitiveness amid ongoing challenges from the COVID-19 pandemic[23]. - The company has not conducted any significant acquisitions or disposals of subsidiaries or associates during the reporting period[29]. Financial Position - As of September 30, 2022, current assets and current liabilities were approximately HKD 707.5 million and HKD 518.9 million, respectively, resulting in a current ratio increase from 1.24 to 1.36[30]. - The company's capital debt ratio as of September 30, 2022, was approximately 29.8%, up from 25.3% as of March 31, 2022[34]. - The total interest-bearing loans as of September 30, 2022, were approximately HKD 212.7 million, down from HKD 223.0 million as of March 31, 2022[31]. - The company reported a cash and bank deposit total of approximately HKD 165.1 million as of September 30, 2022, compared to HKD 192.7 million as of March 31, 2022[30]. - As of September 30, 2022, total assets decreased to HKD 707,506,000 from HKD 871,950,000 as of March 31, 2022, representing a decline of approximately 19%[60]. - Current liabilities decreased to HKD 518,882,000 from HKD 704,997,000, a reduction of about 26%[60]. - The company's net assets amounted to HKD 88,852,000, down from HKD 173,518,000, indicating a decrease of approximately 49%[62]. - Inventory significantly decreased to HKD 14,311,000 from HKD 79,806,000, a drop of around 82%[60]. - Trade and other receivables increased to HKD 355,789,000 from HKD 322,628,000, reflecting an increase of about 10%[60]. - The company's equity attributable to owners decreased to HKD 92,929,000 from HKD 177,473,000, a decline of about 48%[62]. Cash Flow and Financing - For the six months ended September 30, 2022, the net cash generated from operating activities was HKD 14,483 thousand, compared to a net cash used of HKD (5,174) thousand in the same period of 2021, indicating a significant improvement[72]. - The net cash used in investing activities was HKD 316 thousand, a recovery from a net cash used of HKD (531) thousand in the previous year, primarily due to increased proceeds from the sale of property, plant, and equipment[72]. - The company raised HKD 1,500 thousand in borrowings during the financing activities, while net cash used in financing activities totaled HKD (40,729) thousand, compared to a net cash generated of HKD 4,070 thousand in the prior year[72]. - Cash and cash equivalents decreased by HKD (25,930) thousand, compared to a decrease of HKD (1,635) thousand in the same period last year[72]. - As of September 30, 2022, the cash and cash equivalents balance was HKD 105,151 thousand, down from HKD 149,896 thousand at the end of the previous year[72]. Employee and Management - Employee count decreased to 193 as of September 30, 2022, down from 422 a year earlier, with total employee compensation amounting to approximately HKD 71.1 million[55]. - The total remuneration for directors and key management personnel for the six months ended September 30, 2022, was HKD 7,993,000, an increase of 13.5% from HKD 7,679,000 in the same period last year[141]. - The roles of the Chairman and CEO are not clearly distinguished, with the same individual, Mr. Zhou Zhe, holding both positions from April 1, 2022, to September 30, 2022[172]. Corporate Governance - The company is committed to establishing good corporate governance practices and has complied with all code provisions during the reporting period[170]. - The Audit Committee, established on December 19, 2011, is responsible for reviewing financial information and risk management, as well as overseeing the relationship with external auditors[173]. - The Audit Committee consists of three independent non-executive directors, including Mr. Wang Weijun as the Chairman[174]. Shareholder Information - As of September 30, 2022, major shareholders included Baichuang Holdings Limited with 887,500,000 shares (11.83%) and Double Energy Limited with 893,856,000 shares (11.92%)[166]. - The company has a total issued share capital of 7,499,999,994 shares as of September 30, 2022, which is the basis for calculating the percentage of shareholdings[161]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[168]. - The company did not recommend the payment of dividends for the six months ended September 30, 2022, consistent with the previous year[151].
绿色经济(01315) - 2023 - 中期财报