Revenue and Profitability - The company's revenue from continuing operations increased by 265.5% to approximately HKD 246.0 million, compared to HKD 67.3 million in the previous period[9]. - Revenue from concrete pouring services was approximately HKD 242.2 million, up 282.7% from HKD 63.3 million in the previous period, driven by an increase in project amounts and the number of ongoing projects[9]. - The company reported a net profit of approximately HKD 16.3 million from continuing operations, compared to a net loss of HKD 8.0 million in the previous period[17]. - Gross profit for the same period was HKD 34,863,000, compared to a gross loss of HKD 9,229,000 in the previous year, indicating a turnaround in profitability[52]. - The company reported a profit before tax of HKD 21,517,000, compared to a loss of HKD 6,775,000 in the prior year, marking a substantial improvement[52]. - Net profit attributable to the owners of the company for the period was HKD 16,294,000, a recovery from a loss of HKD 44,953,000 in the previous year[55]. Expenses and Costs - The overall gross profit for the reporting period was approximately HKD 34.9 million, with a gross profit margin of 14.2%, down from 16.1% in the previous period[10]. - Administrative and other operating expenses decreased by 20.0% to approximately HKD 9.2 million from HKD 11.5 million in the previous period[12]. - Employee costs, including director remuneration, were approximately HKD 78.0 million, an increase from HKD 61.8 million in the previous period[27]. - The group incurred administrative and operating expenses of HKD 25,567,000 during the reporting period[120]. Financial Position - As of September 30, 2022, the group's cash and cash equivalents were approximately HKD 172.7 million, down from HKD 200.4 million as of March 31, 2022[20]. - The group had loans and receivables amounting to approximately HKD 189.5 million as of September 30, 2022, compared to HKD 162.9 million as of March 31, 2022[20]. - The group's debt-to-equity ratio was 0.9% as of September 30, 2022, a decrease from 1.4% as of March 31, 2022[21]. - The company reported a total equity of HKD 599,346,000 as of September 30, 2022, up from HKD 583,302,000 as of March 31, 2022, representing an increase of approximately 2.18%[60]. - The company’s current liabilities totaled HKD 136,538,000 as of September 30, 2022, compared to HKD 115,900,000 as of March 31, 2022, reflecting an increase of approximately 17.8%[59]. - The total liabilities as of September 30, 2022, were HKD 138,686,000, up from HKD 119,924,000 as of March 31, 2022[93]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (27,005,000), compared to HKD (14,918,000) for the same period in 2021, indicating a decline in cash flow from operations[69]. - The company experienced a net cash outflow from financing activities of HKD (2,059,000) for the six months ended September 30, 2022, compared to a significant inflow of HKD 51,478,000 in the previous year[69]. - The net cash used in investment activities was HKD 1,971,000 for the six months ended September 30, 2022, a significant improvement from HKD (16,126,000) in the same period of the previous year[69]. Projects and Future Outlook - The company has been awarded 22 construction projects with a total contract value of approximately HKD 999 million, with 21 projects already generating revenue during the reporting period[5]. - The company is actively discussing with several major subcontractors to secure more engineering projects in the foreseeable future[6]. - Management remains optimistic about the recovery of the local economy and plans to focus on construction projects to maintain profitability and protect shareholder interests[19]. - The company has submitted bids for five construction projects as of the report date[6]. Shareholder Information - The number of issued and fully paid ordinary shares increased to 1,095,388,000 as of September 30, 2022[128]. - Prestige Rich Holdings Limited holds 609,100,000 shares, representing 55.61% of the company's equity, with Mr. Zhang being the beneficial owner[141]. - As of September 30, 2022, the total shareholding of Mr. Zhang Jinbing, the chairman and executive director, is 633,600,000 shares, accounting for 57.85% of the total equity[138]. Risk Management - The company is closely monitoring foreign exchange risks, particularly related to USD, due to its operations in multiple jurisdictions[26]. - The company has maintained its risk management policies since the year-end, focusing on interest rate risk, credit risk, and liquidity risk[75]. - There were no changes in the financial risk management policies since the last reporting period[75]. Corporate Governance - The audit committee has reviewed and approved the interim financial results, ensuring compliance with applicable accounting standards and regulations[146]. - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[144]. - The company has complied with the Corporate Governance Code during the reporting period, except for one specific provision[144].
创建集团控股(01609) - 2023 - 中期财报