Financial Performance - For the six months ended September 30, 2022, the group's revenue was approximately HKD 87.6 million, a slight decrease of about 1.2% compared to approximately HKD 88.7 million for the same period in 2021[13]. - Gross profit decreased to approximately HKD 26.6 million, down about 4.0% from approximately HKD 27.7 million in the prior year, with the overall gross margin slightly declining from about 31.2% to approximately 30.4%[16]. - Profit attributable to the company's owners for the period was approximately HKD 5.8 million, representing a decrease of about 37.6% from approximately HKD 9.3 million in the same period last year[23]. - The company reported revenue of HKD 87,560,000 for the six months ended September 30, 2022, a decrease of 1.3% compared to HKD 88,715,000 in the same period last year[65]. - Gross profit for the same period was HKD 26,647,000, down 3.7% from HKD 27,669,000 year-on-year[65]. - The company recorded a net profit of HKD 5,790,000, a decline of 37.1% compared to HKD 9,295,000 in the previous year[65]. - The total comprehensive income for the six months ended September 30, 2022, was HKD 5,790,000, compared to HKD 9,295,000 for the same period in 2021, representing a decrease of approximately 37.0%[70]. - The group incurred tax expenses of HKD 1,200,000 for the six months ended September 30, 2022, down from HKD 1,800,000 in the previous year, reflecting a reduction of 33.3%[8]. Income and Expenses - Other income increased by approximately 114.3% to about HKD 1.5 million, primarily due to an increase in government grants[17]. - Sales and distribution expenses were approximately HKD 11.3 million, a decrease of about 5.8% compared to approximately HKD 12.0 million in the same period last year[18]. - Administrative expenses increased to approximately HKD 9.7 million, primarily due to an increase in employee costs of about HKD 4.8 million[19]. - The total employee compensation for the period is approximately HKD 11.0 million, an increase from approximately HKD 6.5 million in the previous year[33]. - Employee benefit expenses, including directors' remuneration, rose to HKD 11,026,000 in 2022 from HKD 6,532,000 in 2021, representing an increase of approximately 68.2%[91]. - Depreciation of property, plant, and equipment increased to HKD 350,000 in 2022 from HKD 300,000 in 2021, reflecting a rise of approximately 16.7%[91]. Assets and Liabilities - The group's current assets net value as of September 30, 2022, was approximately HKD 165.6 million, slightly up from approximately HKD 159.2 million as of March 31, 2022[25]. - The group had no bank and other borrowings as of September 30, 2022, remaining at zero since March 31, 2022[26]. - As of September 30, 2022, the company's equity-to-debt ratio is zero, indicating no outstanding debt[27]. - Total assets as of September 30, 2022, amounted to HKD 175,298,000, an increase from HKD 168,428,000 as of March 31, 2022[67]. - The company's net asset value was HKD 171,547,000, up from HKD 165,757,000 at the end of the previous fiscal year[67]. - Accounts receivable increased significantly to HKD 1,100,000 as of September 30, 2022, from HKD 219,000 as of March 31, 2022, indicating a substantial rise in credit extended to customers[102]. - The aging analysis of accounts receivable shows that HKD 601,000 was within 10 days, while HKD 499,000 was overdue, totaling HKD 1,100,000[103]. Shareholder Information - The issued share capital as of September 30, 2022, is HKD 4,000,000, with a total of 400,000,000 shares issued at a par value of HKD 0.01 per share[30]. - The major shareholder, Mr. Siu Muk Lung, holds 281,070,000 shares, representing 70.26% of the total issued shares[43]. - The average number of issued ordinary shares remained stable at 400,000,000 for both periods under review[98]. - The group maintained a public float of at least 25% of its issued shares throughout the reporting period[57]. Future Plans and Commitments - The group plans to expand its sales network and enhance inventory management capabilities to increase market share in the prepaid product sector targeting Indonesian and Philippine users[12]. - The company plans to explore new business opportunities to enhance shareholder value in the future[38]. - The company has capital commitments of approximately HKD 197,000 for the acquisition of property, plant, and equipment as of September 30, 2022[36]. Other Information - The company did not declare an interim dividend for the period[55]. - There were no share buybacks or securities repurchases during the reporting period[54]. - No significant events occurred after the reporting period that would impact the company's financial performance[61]. - The company has no pledged assets as of September 30, 2022[34]. - There are no significant contingent liabilities reported as of September 30, 2022[39]. - The company has no foreign exchange risk as its transactions are primarily denominated in HKD[32]. - The group did not declare any dividends for the six months ended September 30, 2022, consistent with the same period in 2021[99]. - There were no significant acquisitions, disposals, or investments in subsidiaries, associates, or joint ventures during the period[35]. - The company has not reported any significant new product developments or market expansions during this period[77]. - There were no acquisitions or mergers reported in the current financial period[77].
港亚控股(01723) - 2023 - 中期财报