Revenue and Profit Growth - The Group's revenue increased from approximately HK$51.7 million for the six months ended 30 September 2021 to approximately HK$92.9 million for the same period in 2022, representing an increase of approximately 79.7%[10]. - The Group's profit increased by approximately 279.7%, from approximately HK$4.0 million for the six months ended 30 September 2021 to approximately HK$15.2 million for the same period in 2022[10]. - The Group's gross profit rose by approximately 80.0%, from approximately HK$17.9 million for the six months ended 30 September 2021 to approximately HK$32.2 million for the same period in 2022[10]. - The Group's total revenue for the three months ended September 30, 2022, was HK$49,075,788, compared to HK$20,725,469 in 2021, indicating a growth of approximately 136.0%[89]. - Profit attributable to owners of the Company for the six months ended September 30, 2022, is HK$38,000,000, representing an increase from HK$2,700,000 in 2021, resulting in a basic earnings per share of 2.52 HK cents, up from 0.67 HK cents[108]. Financial Performance Metrics - The gross profit margin for the six months ended 30 September 2021 and 2022 was approximately 34.6%[10]. - Operating profit for the six months ended 30 September 2022 was approximately HK$18.8 million, compared to approximately HK$4.9 million for the same period in 2021[13]. - Profit before income tax for the six months ended 30 September 2022 was approximately HK$18.0 million, compared to approximately HK$4.7 million for the same period in 2021[13]. - The Company reported a total comprehensive income of HK$15,239,439 for the six months ended September 30, 2022, compared to HK$4,009,113 for the same period in 2021[16]. - The estimated average annual income tax rate for the six months ended September 30, 2022, was approximately 15.6%, compared to 14.8% in 2021[101]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to HK$178,055,793, an increase from HK$149,801,514 as of March 31, 2022[19]. - Total liabilities as of September 30, 2022, were HK$60,999,918, compared to HK$47,985,078 as of March 31, 2022[22]. - Current assets increased to HK$128,030,705 as of September 30, 2022, compared to HK$105,008,560 as of March 31, 2022[19]. - The Group's bank borrowings increased to HK$18,080,257 as of 30 September 2022 from HK$15,090,311 as of 31 March 2022, marking a 13.2% increase[146]. - The gearing ratio as of 30 September 2022 was approximately 13.9%, calculated based on total interest-bearing borrowings divided by total capital of approximately HK$136.0 million[199]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended 30 September 2022 was HK$8,209,236, compared to HK$8,790,630 for the same period in 2021, representing a decrease of approximately 6.6%[28]. - The company reported a net increase in cash and cash equivalents of HK$6,411,715 for the six months ended 30 September 2022, compared to an increase of HK$4,031,660 in 2021, marking an increase of about 59.3%[28]. - The total cash and cash equivalents at the end of the period was HK$30,337,236, down from HK$38,592,070 at the end of the same period in 2021, reflecting a decrease of approximately 21.5%[28]. - The company paid income taxes amounting to HK$1,090,044 during the six months ended 30 September 2022, whereas no income taxes were reported for the same period in 2021[28]. - The change in cash surrender value of investments in an insurance contract for the six months ended September 30, 2022, was HK$1,559,039, compared to HK$195,776 in 2021[97]. Dividend and Retained Earnings - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2022, consistent with the previous year[10]. - The Company’s retained earnings increased to HK$49,544,121 as of September 30, 2022, from HK$34,885,083 as of April 1, 2022[25]. Operational Costs - The cost of sales for the six months ended 30 September 2022 was approximately HK$60.8 million, compared to approximately HK$33.8 million for the same period in 2021[13]. - Employee benefit expenses increased to HK$5,663,835 for the three months ended September 30, 2022, compared to HK$5,049,175 for the same period in 2021[154]. - General and administrative expenses increased by approximately HK$3.2 million from approximately HK$11.5 million for the six months ended 30 September 2021 to approximately HK$14.7 million for the six months ended 30 September 2022[179][181]. Trade and Receivables - Trade receivables as of September 30, 2022, amount to HK$58,434,568, an increase from HK$36,966,621 as of March 31, 2022[126]. - The net amount of trade and retention receivables as of September 30, 2022, is HK$69,300,620, up from HK$45,319,466 as of March 31, 2022[126]. - The provision for impairment of trade and retention receivables is HK$7,535,939 as of September 30, 2022, compared to HK$6,949,490 as of March 31, 2022[126]. Other Financial Information - The Group's financial assets measured at fair value through profit or loss as of September 30, 2022, totaled HK$6,289,600, with no transfers between Level 1, Level 2, and Level 3 financial assets during the six months[73][74]. - The Group's financial instruments that are not traded in an active market are valued using techniques that maximize the use of observable market data, with significant inputs categorized into Level 2 and Level 3[76][78].
邝文记(08023) - 2023 - 中期财报