Financial Performance - For the six months ended June 30, 2022, the total revenue of the company was approximately HKD 71.1 million, a decrease of about 8.7% from approximately HKD 77.8 million for the same period in 2021[6]. - The company recorded a loss attributable to owners of approximately HKD 2.4 million for the six months ended June 30, 2022, compared to a profit of approximately HKD 2.3 million for the same period in 2021[6]. - The basic loss per share for the six months ended June 30, 2022, was approximately HKD 0.24, compared to a basic earnings per share of approximately HKD 0.23 for the same period in 2021[6]. - The overall gross profit margin decreased from approximately 18.3% for the six months ended June 30, 2021, to approximately 13.5% for the same period in 2022[15]. - Gross profit for the same period was HKD 9,599 thousand, down 32.5% from HKD 14,251 thousand year-on-year[76]. - The company reported a loss before tax of HKD 2,370 thousand compared to a profit of HKD 2,757 thousand in the previous year[76]. - Total comprehensive loss for the period amounted to HKD 5,529 thousand, contrasting with a comprehensive income of HKD 3,298 thousand in the prior year[76]. Revenue Breakdown - Revenue from the book products segment accounted for approximately 96.8% of total revenue, with segment revenue of approximately HKD 68.8 million, remaining relatively stable compared to approximately HKD 69.4 million in the same period of 2021[11]. - Revenue for the six months ended June 30, 2022, was HKD 71,057 thousand, a decrease of 8.5% from HKD 77,821 thousand in the same period of 2021[76]. - Revenue from book products was HKD 68,764,000, while revenue from paper products and packaging was HKD 2,293,000 for the six months ended June 30, 2022[96]. - Revenue from external customers in Hong Kong increased to HKD 34,034,000 from HKD 30,170,000, representing a growth of 6%[99]. Expenses and Costs - Administrative expenses increased by approximately 12.2% to approximately HKD 8.0 million for the six months ended June 30, 2022, from approximately HKD 7.1 million for the same period in 2021[19]. - The total employee cost for the six months ended June 30, 2022, was approximately HKD 23.8 million, compared to HKD 22.2 million for the same period in 2021[43]. - Financing costs decreased by over 42.8% to approximately HKD 0.1 million for the six months ended June 30, 2022, from approximately HKD 0.2 million for the same period in 2021[22]. Assets and Liabilities - As of June 30, 2022, the group held cash and bank balances of approximately HKD 36.1 million, an increase of about 11.3% from HKD 32.5 million as of December 31, 2021[28]. - As of June 30, 2022, the group's current assets were approximately HKD 114.4 million, including inventory of about HKD 34.2 million and trade and other receivables of approximately HKD 40.9 million[28]. - The group's current liabilities as of June 30, 2022, were approximately HKD 26.9 million, with trade and other payables accounting for about HKD 23.7 million[29]. - The group's net current assets decreased by approximately HKD 2.3 million or about 2.5% to approximately HKD 87.5 million as of June 30, 2022[29]. - The group's debt-to-equity ratio was approximately 2.5% as of June 30, 2022, compared to 3.0% as of December 31, 2021[30]. - The company’s total liabilities increased to HKD 26,895 thousand from HKD 23,564 thousand as of December 31, 2021[80]. - The net asset value decreased to HKD 128,352 thousand from HKD 133,881 thousand at the end of 2021[80]. Shareholder Information - As of June 30, 2022, the major shareholder "精智" holds 675,000,000 shares, representing 67.5% of the company's issued share capital[55]. - The shareholder "Fortune Corner" owns 75,000,000 shares, accounting for 7.5% of the company's issued share capital[55]. Corporate Governance - The company has complied with the corporate governance code, except for the deviation where the Chairman and CEO roles are held by the same individual[61]. - All independent non-executive directors attended the annual general meeting held on May 13, 2022, ensuring a fair understanding of shareholder opinions[64]. - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[67]. - The company has adopted the trading standards outlined in the listing rules for securities transactions by directors[66]. Investments and Acquisitions - The group did not engage in any significant investments or acquisitions during the six months ended June 30, 2022[40][42]. - The group acquired property, plant, and equipment for approximately HKD 1.1 million for the six months ended June 30, 2022, down from HKD 7.0 million for the same period in 2021[35]. - The company has entered into a subscription agreement to acquire 30% of Hubei Kangshizhen Pharmaceutical Technology Co., Ltd. for HKD 30,000,000, with a conditional payment of HKD 7,000,000 at an annual interest rate of 5%[124]. - The company raised approximately HKD 21,000,000 from the placement of 20,000,000 new shares at HKD 1.05 per share, which represents about 1.96% of the issued share capital post-placement[125]. Compliance and Review - The financial statements for the six months ending June 30, 2022, have been reviewed and found to comply with the relevant accounting standards[72]. - The company has not reported any significant issues that would indicate non-compliance with the accounting standards during the review[72]. - The company continues to focus on its core business of printing book products and packaging, with no significant changes in accounting policies affecting financial performance[95].
竣球控股(01481) - 2022 - 中期财报