Financial Performance - Revenue for the six months ended September 30, 2022, was HK$341,637,000, a decrease of 12.7% compared to HK$391,463,000 for the same period in 2021[7] - Gross profit for the period was HK$41,410,000, down from HK$72,615,000 in the previous year, reflecting a gross margin decline[7] - Profit for the period from continuing operations was HK$11,313,000, significantly lower than HK$35,160,000 in the prior year, indicating a decline of 67.8%[7] - The company reported a profit attributable to owners of the Company of HK$16,661,000, compared to a loss of HK$11,531,000 in the previous year[7] - Earnings per share from continuing operations was HK$0.03, down from HK$0.07 in the same period last year[9] - The consolidated profit attributable to the owners of the Company from continuing operations amounted to approximately HK$16.7 million for the Period, a decrease of 54.5% compared to approximately HK$36.6 million for the 2021 Corresponding Period[177] Comprehensive Income - Total comprehensive expense for the period amounted to HK$3,095,000, compared to a total comprehensive expense of HK$23,782,000 in the previous year[9] - The company experienced a loss for the period attributable to non-controlling interests of HK$5,348,000[7] - The company reported a loss for the period of HK$11,531,000, which impacted the total comprehensive income[18] Assets and Liabilities - As of September 30, 2022, total assets amounted to HK$1,024,356,000, an increase from HK$878,864,000 as of March 31, 2022, reflecting a growth of approximately 16.5%[11] - Total liabilities increased to HK$369,146,000 from HK$254,226,000, representing a significant rise of approximately 45.2%[13] - The Group's total liabilities reached HK$527,502,000 as of September 30, 2022, compared to HK$403,693,000 as of March 31, 2022, indicating a growth of 30.7%[72] - Total bank and other borrowings stood at HK$77,018,000 as of September 30, 2022, up from HK$58,820,000 as of March 31, 2022, reflecting a rise of approximately 31%[132] Cash Flow - For the six months ended September 30, 2022, the net cash from operating activities was HK$733,000, compared to a net cash used of HK$38,829,000 in the same period of 2021[23] - The net cash used in investing activities was HK$31,168,000, while in the previous year, it was a net cash inflow of HK$32,077,000[23] - The total cash and cash equivalents at the end of the period were HK$146,333,000, an increase from HK$116,531,000 at the end of the previous period[23] Segment Information - Revenue from construction under foundation and other civil works was HK$267,142,000, down from HK$337,010,000, representing a decline of 20.7%[38] - Revenue from tunneling works increased by approximately 34.8%, from HK$54.5 million in the 2021 Corresponding Period to approximately HK$73.4 million for the Period[164] - The segment profit for the same period was HK$41,410, with HK$49,611 from foundation and civil works, a loss of HK$1,924 from tunneling works, and a loss of HK$6,277 from premises revitalization[52] Expenses - Administrative and other expenses totaled HK$36,463,000, an increase from HK$29,526,000 in the previous year[7] - Employee benefits expenses for the Group amounted to approximately HK$85.9 million during the period, compared to approximately HK$89.2 million in the corresponding period of 2021[195] Market Strategy - The company is focusing on market expansion and new product development strategies to improve future performance[6] Discontinued Operations - The breeding, sales, and trading of aquatic products segment was discontinued on January 28, 2022, and is not included in the reported segment information[48] - The loss from the discontinued operation, BGI Marine, for the period was HK$56,936,000[93] Government Support - The company received government subsidies amounting to HK$33,218,000 during the financing activities[23] Shareholder Information - Mr. Jim holds 201,250,000 shares, representing a 40.25% interest in a controlled corporation[199] - Mr. Chui is a beneficial owner of 148,750,000 shares, representing a 29.75% interest[200]
义合控股(01662) - 2023 - 中期财报