Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 404,590,000, representing a 12.7% increase from HKD 358,951,000 in the same period of 2021[4] - Gross profit for the same period was HKD 83,563,000, up from HKD 77,181,000, indicating a growth of 8.5%[4] - Net profit for the period was HKD 19,698,000, compared to HKD 16,240,000 in the previous year, reflecting a 21.3% increase[4] - Basic and diluted earnings per share were both HKD 1.7, an increase from HKD 1.4 in the prior year[4] - The company reported a decrease in total comprehensive income for the period, totaling HKD (1,622,000) compared to HKD 14,318,000 in the previous year[6] - The total comprehensive income for the period was a loss of HKD 1,622,000, which included a foreign exchange loss of HKD 21,320,000[14] - The company reported a profit attributable to equity shareholders of approximately HKD 15.1 million for the six months ended September 30, 2022, compared to HKD 12.2 million for the same period in 2021, representing an increase of about 23.9%[87] Assets and Liabilities - Total assets less current liabilities as of September 30, 2022, were HKD 577,416,000, down from HKD 595,535,000 as of March 31, 2022[11] - The company’s total equity attributable to equity shareholders was HKD 524,793,000, down from HKD 530,977,000 as of March 31, 2022[11] - As of September 30, 2022, the company's total equity amounted to HKD 536,897,000, reflecting a decrease from HKD 558,671,000 as of September 30, 2021[17] - The total liabilities as of September 30, 2022, were 145,658 thousand HKD, compared to 106,549 thousand HKD as of March 31, 2022, reflecting an increase of approximately 36.7%[70] Cash Flow - For the six months ended September 30, 2022, the company reported a net cash inflow from operating activities of HKD 55,177,000, compared to a net outflow of HKD 27,551,000 in the same period last year[19] - The company incurred a net cash outflow from investing activities of HKD 168,000, compared to HKD 15,000 in the previous year[19] - Cash and cash equivalents increased to HKD 144,719,000 from HKD 107,423,000, showing a significant improvement in liquidity[9] - The cash and cash equivalents at the end of the period increased to HKD 144,719,000 from HKD 114,531,000 year-over-year[19] Revenue Breakdown - Revenue from IT infrastructure solutions service was HKD 265,663,000, up 43% from HKD 185,677,000 in the previous year[30] - Revenue from IT application and solution development services decreased to HKD 37,397,000, down 51% from HKD 76,434,000 year-on-year[30] - The IT maintenance and support services segment generated revenue of HKD 88,722,000, slightly up from HKD 85,915,000 in the previous year[30] - The IT secondment services segment reported revenue of HKD 12,808,000, an increase from HKD 10,925,000 year-on-year[30] Employee Costs - Employee costs, including directors' remuneration, increased to 82,850 thousand HKD for the six months ended September 30, 2022, from 67,227 thousand HKD in the same period of 2021, marking an increase of approximately 23.3%[45] - The employee costs for the interim period were approximately 82.9 million HKD, compared to 67.2 million HKD for the same period in 2021, with a total of 278 full-time employees[133] Corporate Governance - The company has adopted and complied with all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO, which is currently held by the same individual[135] - The company is committed to maintaining transparency and good corporate governance practices as evidenced by the establishment of the audit committee[160] Share Capital and Ownership - The issued share capital was approximately HKD 21.94 million with 877,590,312 shares outstanding, each with a par value of HKD 0.025[113] - Mr. Li Changyuan holds 173,094,800 shares, representing approximately 19.72% of the company's issued share capital[146] - Dr. Cai Zhaohui owns 143,072,000 shares, accounting for approximately 16.30% of the company's issued share capital[146] - Biz Cloud Limited holds 171,715,600 shares, representing approximately 19.57% of the company's issued share capital[153] Future Outlook - The group plans to maintain and strengthen its market position in Hong Kong, enhance brand awareness, and continue recruiting IT talent to support future growth[95] - The group anticipates a gradual recovery of the local economy as COVID-19 becomes more controlled, while remaining cautious about the unpredictable global environment[96] - The group aims to achieve sustainable growth and enhance overall competitiveness for stakeholders[96]
扬科集团(01460) - 2023 - 中期财报