Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 1,127,200,000, a decrease of 20.2% compared to HKD 1,413,495,000 for the same period in 2021[10]. - The company reported a net profit of HKD 26,380,000 for the six months ended June 30, 2022, down 43.2% from HKD 46,374,000 in the previous year[10]. - Total comprehensive income for the six months ended June 30, 2022, was a loss of HKD 6,788,000, compared to a gain of HKD 55,166,000 in the same period of 2021[11]. - Basic and diluted earnings per share for the six months ended June 30, 2022, were HKD 5.54, down 43.5% from HKD 9.74 in the same period of 2021[11]. - For the six months ended June 30, 2022, total revenue was HKD 1,127,200,000, down 20% from HKD 1,413,495,000 in the same period of 2021[37]. - The profit for the six months ended June 30, 2022, was HKD 37,687,000, a decrease of 46.4% from HKD 70,604,000 in 2021[45]. - Operating profit for the six months ended June 30, 2022, was HKD 157,812,000, a decrease of 17.4% from HKD 191,083,000 in the same period in 2021[104]. Revenue Breakdown - The company experienced a significant decrease in revenue from purchased automobile parts and vehicles, totaling HKD 964,987,000 for the six months ended June 30, 2022, down 21.0% from HKD 1,221,828,000 in 2021[10]. - Revenue from automobile sales for the three months ended June 30, 2022, was HKD 379,648,000, down 27.0% from HKD 520,190,000 in 2021[39]. - Revenue from automobile services and parts sales for the six months ended June 30, 2022, was HKD 279,145,000, a decrease of 17.8% compared to HKD 339,405,000 in 2021[39]. - The company recognized technical fee income of HKD 4,646,000 for the six months ended June 30, 2022, down 19% from HKD 5,777,000 in the previous year[37]. - Revenue from automobile leasing income for the six months ended June 30, 2022, was HKD 11,553,000, a decrease of 22% from HKD 14,907,000 in 2021[37]. Assets and Liabilities - The company's total assets decreased to HKD 1,279,143,000 as of June 30, 2022, from HKD 1,464,928,000 as of December 31, 2021, representing a decline of 12.6%[13]. - The total liabilities decreased from HKD 995,694,000 as of December 31, 2021, to HKD 821,072,000 as of June 30, 2022, representing a reduction of 17.5%[15]. - The total equity attributable to owners decreased to HKD 809,024,000 as of June 30, 2022, down from HKD 815,812,000 as of December 31, 2021, reflecting a decline of 0.97%[16]. - The company’s borrowings decreased from HKD 569,153,000 as of December 31, 2021, to HKD 510,377,000 as of June 30, 2022, a decrease of 10.3%[15]. - The aging analysis of trade receivables showed that the total receivables as of June 30, 2022, were HKD 106,202,000, down from HKD 124,008,000 as of December 31, 2021, a decline of 14.3%[76]. Cash Flow and Expenses - For the six months ended June 30, 2022, the net cash generated from operating activities was HKD 57,434,000, a decrease of 29.3% compared to HKD 81,095,000 for the same period in 2021[21]. - The company incurred a loss of HKD 33,168,000 from foreign exchange translation for the period, impacting the overall comprehensive income[16]. - The company’s financing activities resulted in a net cash outflow of HKD 53,433,000 for the six months ended June 30, 2022, compared to HKD 65,322,000 in the same period of 2021[21]. - Total income tax expense for the six months ended June 30, 2022, was HKD 11,778,000, a decrease from HKD 19,808,000 in the same period last year, reflecting a reduction of 40%[60]. - The total expenses for various categories amounted to HKD 30,066,000 for the six months ended June 30, 2022, slightly up from HKD 29,064,000 in the same period last year[57]. Employee and Operational Costs - Employee benefit expenses for the six months ended June 30, 2022, were HKD 67,816,000, an increase of 3.5% compared to HKD 65,358,000 in the previous year[10]. - Advertising and promotional expenses increased to HKD 4,675,000 for the six months ended June 30, 2022, compared to HKD 1,355,000 in the same period last year, representing a significant rise of 245%[57]. - The company incurred management personnel benefits of HKD 4,943,000 for the six months ended June 30, 2022, compared to HKD 5,140,000 for the same period in 2021[93]. Market and Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[10]. - The company has acknowledged the potential risks associated with operating in the GEM market, which may lead to higher market volatility[4]. - The company will continue to implement prudent cost control measures to enhance productivity and provide quality services to customers amid uncertainties caused by the COVID-19 pandemic[127]. Shareholder and Governance Information - As of June 30, 2022, major shareholders include Mr. Loh Ping with 107,780,320 shares (22.63%) and Loh & Loh Construction Group Ltd. with 45,284,000 shares (9.51%)[132]. - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[63]. - The audit committee has reviewed the interim results for 2022 and provided recommendations to the board[145]. - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules[143].
G.A.控股(08126) - 2022 - 中期财报