Financial Performance - For the six months ended January 31, 2022, the group's revenue was approximately HKD 66,200,000, a decrease of about HKD 22,100,000 or 25.0% compared to the same period in 2021[37]. - The profit for the period was approximately HKD 7,300,000, an increase of about HKD 2,100,000 or 41.1% compared to the same period in 2021, primarily due to increased commission income from commodity trading[37]. - The gross profit for the six months was HKD 28,665,000, compared to HKD 24,536,000 for the same period in 2021, reflecting a positive trend in profitability[39]. - The total comprehensive income for the period, after tax, was HKD 9,608,000, compared to HKD 11,778,000 for the same period in 2021, indicating a decline in overall profitability[39]. - The company reported a profit attributable to owners of HKD 1,407,000 for the three months ended January 31, 2022, compared to HKD 1,578,000 for the same period in 2021, representing a decrease of 10.8%[42]. - The total comprehensive income attributable to owners for the six months ended January 31, 2022, was HKD 9,608,000, down from HKD 11,783,000 in the previous year, indicating a decline of 18.5%[42]. - Basic and diluted earnings per share for the six months ended January 31, 2022, were HKD 1.77, compared to HKD 1.25 for the same period in 2021, reflecting an increase of 41.6%[42]. Expenses and Costs - The administrative and other operating expenses for the six months were HKD 10,573,000, an increase from HKD 9,770,000 in the same period last year[39]. - The financing costs for the period were HKD 7,271,000, a decrease from HKD 8,645,000 in the same period last year[39]. - The company reported a net loss of HKD 381,000 in impairment losses on trade receivables for the six months[39]. - The income tax expense for the period was HKD 4,127,000, an increase from HKD 3,021,000 in the previous year, reflecting a rise of about 37%[85]. - The total employee cost for the period was approximately HKD 5,400,000, compared to HKD 5,200,000 for the six months ending January 31, 2021[174]. Assets and Liabilities - Non-current assets as of January 31, 2022, totaled HKD 139,680,000, an increase from HKD 130,611,000 as of July 31, 2021, representing a growth of 7.9%[44]. - Current assets decreased to HKD 200,733,000 as of January 31, 2022, from HKD 213,976,000 as of July 31, 2021, a decline of 6.2%[44]. - The company's total liabilities decreased to HKD 100,980,000 as of January 31, 2022, from HKD 126,306,000 as of July 31, 2021, a decrease of 20.0%[44]. - The total assets as of January 31, 2022, were HKD 340,413,000, compared to HKD 369,458,000 as of January 31, 2021, indicating a decrease of about 7.9%[71]. - The total liabilities as of January 31, 2022, were HKD 208,515,000, compared to HKD 259,042,000 as of January 31, 2021, indicating a decrease of approximately 19.5%[71]. - The company reported a retained earnings balance of HKD 82,981,000 as of January 31, 2022, compared to HKD 75,712,000 as of August 1, 2021, showing an increase of approximately 9.0%[129]. Cash Flow - The company reported a net cash outflow from operating activities of HKD (13,518,000) for the six months ended January 31, 2022, compared to a net inflow of HKD 72,352,000 in the previous year[53]. - Cash and cash equivalents decreased to HKD 34,507,000 as of January 31, 2022, from HKD 112,830,000 at the beginning of the period, a reduction of 69.4%[53]. - The company maintained a strong financial position with cash and cash equivalents of approximately HKD 34,500,000 as of January 31, 2022, down from HKD 103,600,000 on July 31, 2021[164]. Business Operations - The company is committed to improving its operational efficiency and exploring new market opportunities to enhance future performance[37]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[45]. - The company operates a co-working space center targeting entrepreneurs and startups, providing flexible office solutions and various support services[145][147]. - The company’s management services cover 20 provinces, with a total built area of approximately 80,534 square meters, an increase from 63,344 square meters a year earlier[143]. - The company’s board believes that the property leasing and management services segment has strong growth potential due to the increasing recognition of shared office concepts in China[148]. Shareholder Information - The company has a shareholder loan of HKD 30,000,000, which is interest-free and unsecured, intended for potential acquisition of office properties in Hong Kong[119]. - Major shareholders include Sonic Solutions Limited with 86,534,000 shares (21.04%) and Wealth Triumph Corporation with 60,000,000 shares (14.59%) as of January 31, 2022[184]. - As of January 31, 2022, Mr. Lin Ye holds 29,513,000 shares (7.18%) and has control over 86,534,000 shares (21.04%) through Sonic Solutions Limited[180]. Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which is currently not filled[189]. - The company has adopted a code of conduct for securities trading by directors, which is in line with GEM Listing Rules standards[190]. - The Audit Committee was established on November 19, 2014, and is responsible for reviewing the financial reporting process, risk management, and internal control systems[198]. - The Audit Committee consists of three independent non-executive directors, with Ms. Kwan Ka Ki serving as the chairperson[198].
全民国际(08170) - 2022 - 中期财报