Financial Performance - For the six months ended December 31, 2021, the company reported revenue of HK$186,159,000, an increase of 6.3% compared to HK$174,814,000 for the same period in 2020[17]. - Gross profit for the same period was HK$18,197,000, representing a gross margin of 9.8%[17]. - Profit for the period decreased to HK$10,852,000, down 36.8% from HK$17,092,000 in the previous year[17]. - Total comprehensive income for the six months ended December 31, 2021, was HK$11,096,000, a decrease of 41.2% from HK$18,815,000 in the same period of 2020[19]. - Profit for the period attributable to owners of the Company was HK$10,560,000, down 36.5% from HK$16,598,000 year-on-year[19]. - Earnings per share for the six months ended December 31, 2021, was 1.96 HK cents, compared to 3.07 HK cents for the same period in 2020, reflecting a decline of 36.2%[19]. - The profit before taxation was HK$11,793,000, down 33.9% from HK$17,825,000 in the same period last year[17]. Expenses and Costs - The company incurred selling and marketing expenses of HK$1,376,000, which is an increase of 11.7% compared to HK$1,232,000 in the prior period[17]. - Administrative expenses were reduced to HK$8,887,000, down 19.1% from HK$10,989,000 in the same period last year[17]. - Finance costs decreased slightly to HK$677,000 from HK$728,000, reflecting a reduction of 7%[17]. - Income tax expenses increased to HK$941,000, compared to HK$733,000 in the previous year, reflecting a rise of 28.4%[17]. - Staff costs, including salaries and wages, totaled HK$102,226,000 for the six months ended December 31, 2021, up from HK$96,430,000 in 2020, reflecting an increase of about 6.0%[84]. Revenue Segmentation - Revenue from Environmental and Cleaning services was HK$179,812,000 for the six months ended December 31, 2021, compared to HK$169,240,000 in the same period of 2020, reflecting a year-on-year increase of about 6.4%[69]. - Money Lending segment generated revenue of HK$6,347,000 for the six months ended December 31, 2021, up from HK$5,574,000 in the previous year, marking an increase of approximately 13.8%[69]. - The Group's revenue from environmental and cleaning services in Hong Kong for the six months ended December 31, 2021, was approximately HK$165.5 million, an increase from approximately HK$151.8 million for the same period in 2020, reflecting a growth of about 9.7%[173]. Assets and Liabilities - Current assets as of December 31, 2021, totaled HK$218,286,000, a decrease from HK$227,977,000 as of June 30, 2021[22]. - Trade receivables increased to HK$72,348,000 as of December 31, 2021, from HK$70,393,000 as of June 30, 2021, indicating a growth of 2.8%[22]. - Net current assets as of December 31, 2021, were HK$143,876,000, up from HK$138,342,000 as of June 30, 2021, representing an increase of 4.0%[22]. - Total equity attributable to owners of the Company increased to HK$210,143,000 as of December 31, 2021, from HK$199,339,000 as of June 30, 2021, reflecting a growth of 5.0%[23]. - Total liabilities were HK$21,886,000, a decrease of 2.3% from HK$22,397,000 as of June 30, 2021[128]. Cash Flow - For the six months ended 31 December 2021, net cash generated from operating activities was HK$10,144,000, a decrease from HK$11,108,000 in the same period of 2020[43]. - The net cash used in investing activities for the six months ended December 31, 2021 was HK$1,666,000, compared to a net cash generated of HK$2,682,000 in the prior year[43]. - The cash and cash equivalents at the end of the period as of 31 December 2021 were HK$68,557,000, down from HK$79,036,000 at the end of 2020[43]. Market and Operational Strategy - The company is focused on enhancing operational efficiency and exploring new market opportunities to drive future growth[17]. - The Group plans to strengthen marketing efforts to expand market share in the commercial and residential sectors[196]. - The Group has been actively monitoring the impact of the COVID-19 pandemic on its operations and financial position, implementing measures to mitigate its effects[163]. Investments and Financial Assets - The Group's investments in financial assets during the period were classified as financial assets at fair value through profit or loss, consisting solely of shares of companies listed on the Stock Exchange[172]. - The Group recorded a net unrealized fair value loss of approximately HK$7,000 from investments in financial assets for the six months ended 31 December 2021[188]. - Meituan reported a realised gain of HK$42,060,000 from disposals during the six months ended December 31, 2021[194]. - Haidilao International Holding Limited experienced a realised loss of HK$17,500,000 during the same period[194]. - Tencent Holdings Limited achieved a realised gain of HK$22,530,000 during the six months ended December 31, 2021[194]. Risk Management - The Group is focusing on reducing exposure to high-risk loans in its money lending business due to economic downturn threats[200]. - A cautious approach will be adopted in the money lending strategies, considering only borrowers with sound financial abilities[200]. - The Group considers the aggregate risks from potential credit losses on trade receivables to be not significant, with no loss allowance made as of the reporting dates[113].
宝联控股(08201) - 2022 - 中期财报