Financial Performance - Revenue for the six months ended December 31, 2022, was HK$192,147,000, representing an increase of 3.2% compared to HK$186,159,000 for the same period in 2021[14] - Gross profit for the same period was HK$15,710,000, a decrease of 13.6% from HK$18,197,000 in the previous year[14] - Profit before taxation decreased to HK$2,519,000, down 78.6% from HK$11,793,000 in the prior year[14] - Profit for the period was HK$2,224,000, a decline of 79.5% compared to HK$10,852,000 for the same period in 2021[14] - Total comprehensive income for the period attributable to owners of the Company was HK$2.019 million, down 81.3% from HK$10.804 million in the previous year[16] - Basic and diluted earnings per share for the six months ended December 31, 2022, was 0.46 HK cents, compared to 1.96 HK cents for the same period in 2021, representing a decline of 76.5%[16] - The Company reported a total equity of HK$215.093 million as of December 31, 2022, compared to HK$213.338 million as of June 30, 2022[20] - The Group's profit attributable to owners for the six months ended December 31, 2022, was HK$2,488,000, a decrease of 76.5% from HK$10,560,000 in the same period of 2021[94] Expenses and Costs - Administrative expenses increased to HK$12,131,000, up 36.8% from HK$8,887,000 in the previous year[14] - Selling and marketing expenses remained relatively stable at HK$1,349,000, a slight decrease from HK$1,376,000 in the prior year[14] - Other income decreased significantly to HK$581,000 from HK$4,536,000 in the previous year, indicating a decline of 87.2%[14] - Finance costs decreased to HK$292,000, down 56.9% from HK$677,000 in the previous year[14] - Staff costs, including directors' emoluments, amounted to HK$100,200,000 for the six months ended December 31, 2022, slightly down from HK$102,226,000 in the same period of 2021[82] - Selling, marketing, and administrative expenses rose by approximately HK$3.2 million to about HK$13.5 million, up from HK$10.3 million in 2021[198] - The increase in expenses was attributed to higher staff costs, rental expenses, entertainment, advertising, promotion, travel, and general office expenses[198] Cash Flow and Assets - As of December 31, 2022, total assets less current liabilities amounted to HK$216.014 million, an increase from HK$214.361 million as of June 30, 2022[19] - Current assets as of December 31, 2022, were HK$229.682 million, slightly up from HK$224.602 million as of June 30, 2022[19] - Net current assets increased to HK$152.717 million as of December 31, 2022, compared to HK$147.195 million as of June 30, 2022[19] - Cash and cash equivalents increased to HK$81.316 million as of December 31, 2022, compared to HK$74.780 million as of June 30, 2022, indicating a growth of 8.4%[19] - The total cash and cash equivalents at the end of the period increased to HK$81,316,000, up from HK$68,557,000, marking a growth of 18.8%[41] Segment Performance - Revenue from Environmental and Cleaning services for the six months ended December 31, 2022, was HK$187,797,000, an increase from HK$179,812,000 in the same period of 2021, representing a growth of approximately 10.99%[64] - Money Lending revenue for the six months ended December 31, 2022, was HK$4,350,000, down from HK$6,347,000 in the same period of 2021, indicating a decline of approximately 31.43%[64] - Reportable segment profit for Environmental and Cleaning services was HK$4,239,000 for the six months ended December 31, 2022, down from HK$5,056,000 in the same period of 2021, a decrease of approximately 16.19%[68] - The net operating profit from the money lending business was approximately HK$2.2 million for the six months ended December 31, 2022, compared to approximately HK$4.6 million in 2021, reflecting the decline in interest income[174] Market and Operational Outlook - The company is focusing on improving operational efficiency and cost management in response to the declining profit margins[14] - Future outlook includes potential market expansion and the introduction of new products to drive revenue growth[14] - The Group will continue to monitor the impact of the COVID-19 pandemic on its operations and financial position[151] - The Group's money lending strategy will focus on borrowers with sound financial abilities to reduce exposure to high-risk loans[191] - The Group plans to enhance service quality by providing training to frontline staff to cope with the changing environment[185] Regulatory and Compliance - The current Hong Kong Profits Tax provision is calculated at a rate of 8.25% for the first HK$2,000,000 of estimated assessable profits, with the remaining profits taxed at 16.5%[84] - The PRC Enterprise Income Tax is calculated at 25% of the estimated assessable profits of PRC subsidiaries[86] - The Group has maintained a share capital of HK$5,400,000 and a share premium of HK$198,524,000, indicating a stable capital structure[26] Shareholder Information - No dividends were recommended for the six months ended December 31, 2022, consistent with the previous year where no dividends were declared[90] - The share capital as of December 31, 2022, included 540,000,000 ordinary shares issued and fully paid, amounting to HK$5,400,000[128] - The Group has not granted any share options under the Share Option Scheme during the six months ended December 31, 2022[143]
宝联控股(08201) - 2023 - 中期财报