Financial Performance - The group's revenue for the first half of 2022 was approximately MOP 233.2 million, a decrease of about 23.3% compared to MOP 304.1 million in the same period of 2021[8]. - The net profit after tax for the first half of 2022 was approximately MOP 28.6 million, down from MOP 38.2 million in the same period of 2021[17]. - Total revenue for the six months ended June 30, 2022, was MOP 233,219,000, a decrease of 23.3% compared to MOP 304,119,000 for the same period in 2021[76]. - Gross profit for the same period was MOP 72,446,000, down 11.2% from MOP 81,471,000 in 2021[54]. - Operating profit decreased to MOP 43,634,000, representing a decline of 16.3% from MOP 52,125,000 in the previous year[54]. - Profit before tax was MOP 34,902,000, down 20.5% from MOP 43,925,000 in 2021[54]. - Net profit for the period was MOP 28,610,000, a decrease of 25.1% compared to MOP 38,156,000 in the same period last year[54]. - Basic and diluted earnings per share were MOP 0.04, down from MOP 0.05 in 2021[54]. - The segment profit for the renovation engineering division was MOP 41,978,000, down 23.0% from MOP 54,517,000 in the previous year[76]. - The segment profit for the financial services division was MOP 30,468,000, an increase of 13.9% from MOP 26,954,000 in the previous year[76]. Cost Management - The group's main operating costs decreased by approximately 27.8% to about MOP 160.8 million, down from MOP 222.6 million in the same period of 2021[10]. - Administrative expenses were reduced by approximately 17.4% to about MOP 28.9 million, down from MOP 34.9 million in the same period of 2021, due to effective cost control measures[14]. - The gross profit decreased to approximately MOP 72.4 million, with a gross margin increase to about 31.1%, up from 26.8% in the same period of 2021[11]. Cash Flow and Liquidity - The group's cash and cash equivalents balance decreased to approximately MOP 19.9 million as of June 30, 2022, down from MOP 96.7 million as of December 31, 2021, reflecting increased cash used in operating activities[18]. - The net cash used in operating activities was MOP 12,423,000 for the six months ended June 30, 2022, a significant improvement from MOP 122,248,000 in the same period of 2021[62]. - Cash and cash equivalents decreased to MOP 19,924,000 at the end of June 30, 2022, down from MOP 54,107,000 at the end of June 30, 2021[62]. - The company reported a net cash outflow from financing activities of MOP 40,607,000 for the six months ended June 30, 2022, compared to a net cash inflow of MOP 127,905,000 in the same period of 2021[62]. Debt and Financing - The group's debt included approximately MOP 481.9 million in bank loans and overdrafts as of June 30, 2022, compared to MOP 499.3 million as of December 31, 2021[18]. - As of June 30, 2022, the leverage ratio decreased to 0.75 from 0.82 as of December 31, 2021, primarily due to an increase in capital and reserves[20][21]. - The company raised MOP 464,729,000 from new bank loans and other borrowings, while repaying MOP 487,298,000 during the same period[62]. Business Development - The group plans to expand its business by acquiring a regulated financial institution for 38,625,000 Macanese Patacas to enhance its capabilities in institutional financing and advisory services[31]. - The group aims to strengthen its digital products by optimizing and upgrading existing securities and mobile platforms to provide a more comprehensive and flexible online service experience[31]. Employee and Shareholder Information - The group had 78 employees as of June 30, 2022, down from 83 employees a year earlier, with compensation determined based on market terms and individual performance[29]. - The major shareholders include Space Investment, holding approximately 67.18% of the company's shares as of June 30, 2022[39]. Compliance and Governance - The company maintained compliance with the Corporate Governance Code and has established an Audit Committee to oversee financial reporting and internal controls[52]. Other Financial Metrics - Total assets as of June 30, 2022, were MOP 1,093,370,000, slightly down from MOP 1,112,990,000 at the end of 2021[57]. - The company did not recommend any dividend payment for the period, considering overall operational performance and financial condition[51]. - The company did not declare any dividends for the six months ended June 30, 2022, nor for the same period in 2021[100].
恒宇集团(02448) - 2022 - 中期财报