Financial Performance - The Group recorded revenue of approximately HK$108.1 million for the six months ended 30 June 2022, an increase of 70.2% compared to approximately HK$63.5 million for the same period in 2021[9]. - The overall gross profit increased to approximately HK$23.2 million, representing an increase of 58.9% compared to approximately HK$14.6 million for the six months ended 30 June 2021[9]. - The consolidated net profit for the Period was approximately HK$7.9 million, compared to approximately HK$3.9 million for the six months ended 30 June 2021[10]. - Revenue for the six months ended June 30, 2022, was approximately HK$108.1 million, a significant increase from HK$63.5 million for the same period in 2021[24]. - The Group recorded a profit of approximately HK$7.9 million for the period, an increase from approximately HK$4.0 million for the same period in 2021[32]. - The total profit for the period was HK$7,881,000, compared to HK$3,942,000 for the same period in 2021, indicating an increase of approximately 100.0%[94]. - Profit before taxation for the six months ended June 30, 2022, was HK$3,065,000, down from HK$5,601,000 in the same period of 2021, reflecting a decrease of 45.3%[113]. Revenue Breakdown - Revenue from the financial services business contributed approximately HK$0.3 million, while the consumer goods business contributed approximately HK$65.2 million for the six months ended 30 June 2022[10]. - Revenue from construction and ancillary services decreased by 28.0% to approximately HK$42.6 million, down from approximately HK$59.2 million in the previous year[26]. - Financial services revenue dropped to approximately HK$0.3 million, compared to HK$2.4 million in the same period last year[29]. - Consumer goods business revenue surged to approximately HK$65.2 million, accounting for approximately 60.3% of total revenue, compared to HK$1.9 million in the previous year[30]. - Revenue from external customers in Hong Kong was HK$42,897,000, while revenue from the PRC was HK$65,241,000 for the six months ended June 30, 2022[100]. Business Strategy - The Group plans to explore other business opportunities to reduce reliance on the Hong Kong property market, which has been negatively affected by COVID-19[11]. - The Group will continue to seek business opportunities in consumer goods, financial services, and other sectors to broaden its revenue and profit base[11]. - The Group's performance reflects a proactive approach to diversifying its business amidst market uncertainties[11]. - The Group is exploring new business opportunities in consumer goods and financial services to reduce reliance on the Hong Kong property market[38]. Financial Position - As of June 30, 2022, the Group had total cash and bank balances of approximately HK$6.6 million, down from approximately HK$21.9 million at the end of 2021[45]. - The Group maintained a current ratio of approximately 4.0 times as of June 30, 2022, compared to approximately 3.9 times at the end of 2021[46]. - The gearing ratio remained constant at approximately 16.4 as of June 30, 2022[47]. - Current assets as of June 30, 2022, totaled HK$283,797,000, slightly up from HK$282,843,000 at the end of 2021[58]. - Net current assets increased to HK$213,125,000 from HK$209,853,000, indicating a stable liquidity position[58]. - The Group had no significant contingent liabilities or capital commitments as of June 30, 2022[51]. - Non-current assets decreased to HK$30,459,000 from HK$33,593,000, reflecting a reduction in property, plant, and equipment[58]. Cash Flow and Expenses - The net cash used in operating activities for the six months ended June 30, 2022, was HK$13,747,000, compared to HK$10,769,000 in 2021, indicating a higher cash outflow[65]. - The cash and cash equivalents at the end of the period on June 30, 2022, were HK$22,166,000, down from HK$37,207,000 at the end of June 30, 2021, reflecting a decrease of 40.5%[68]. - The company experienced a significant increase in trade receivables, which rose by HK$41,127,000 during the six months ended June 30, 2022, compared to an increase of HK$8,627,000 in the same period of 2021[65]. - The total cash flow from investing activities for the six months ended June 30, 2022, was HK$1,000,000, compared to a cash outflow of HK$1,521,000 in 2021[68]. - The finance cost for the six months ended June 30, 2022, was HK$2,697,000, a significant increase from HK$89,000 in the same period of 2021[65]. - Administrative expenses increased to approximately HK$12.5 million from approximately HK$11.2 million in the previous year[31]. Shareholder Information - The Group expresses appreciation for the support from staff, customers, business partners, and shareholders[12]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[118]. - As of June 30, 2022, Ample Platinum Enterprises Limited held 147,872,000 shares, representing 20.54% of the issued shares[158]. - The company had issued and fully paid 720,000,000 ordinary shares, with a total share capital of HK$7,200,000[20]. Corporate Governance - The board comprises two executive directors and three independent non-executive directors, adhering to high standards of corporate governance[184]. - The company has complied with the code provisions under the Corporate Governance Code during the year ended 30 June 2022[184].
旷逸国际(01683) - 2022 - 中期财报