Financial Performance - For the three months ended December 31, 2021, the company reported revenue of HKD 27,861,000, a decrease of 50.7% compared to HKD 56,494,000 for the same period in 2020[13]. - The gross profit for the six months ended December 31, 2021, was HKD 6,116,000, down 69.7% from HKD 20,172,000 in the previous year[13]. - The company incurred a loss of HKD 5,143,000 for the three months ended December 31, 2021, compared to a profit of HKD 1,905,000 in the same period of 2020[15]. - The basic and diluted loss per share for the six months ended December 31, 2021, was HKD 0.15, compared to a loss of HKD 0.12 for the same period in 2020[15]. - The total comprehensive income for the three months ended December 31, 2021, was HKD 331,000, a significant decrease from HKD 16,497,000 in the previous year[15]. - The company reported a loss before tax of HKD 10,358,000 for the six months ended December 31, 2021, compared to a loss of HKD 6,245,000 for the same period in 2020, indicating a worsening of 65.4%[34]. - The company reported a loss attributable to owners of approximately HKD 11,140,000, compared to a loss of HKD 8,660,000 in the previous year, indicating an increase in losses due to reduced gross profit[56]. Revenue Breakdown - The company's revenue for the six months ended December 31, 2021, was HKD 51,113,000, a decrease of 38.3% compared to HKD 82,781,000 for the same period in 2020[30]. - Revenue from mining and construction services was HKD 40,343,000 for the six months ended December 31, 2021, down 45.1% from HKD 73,979,000 in the previous year[30]. - Revenue from coal mining and construction services was approximately HKD 40,340,000, accounting for 78.93% of total revenue, with a loss of HKD 9,530,000 in this segment[58]. - Loan interest income was approximately HKD 6,340,000, representing 12.40% of total revenue, with a profit of HKD 2,620,000 from the lending business[59]. - Revenue from heating services was approximately HKD 2,500,000, with a loss of HKD 2,290,000 in this segment due to high gas prices[60]. - The company is engaged in fruit trading, importing fruits from Thailand to China, which contributed HKD 1,932,000 to its revenue for the six months ended December 31, 2021[35]. Expenses and Liabilities - Administrative and other operating expenses for the six months ended December 31, 2021, totaled HKD 22,788,000, an increase from HKD 21,782,000 in the previous year[13]. - The company reported a net cash outflow from financing activities of HKD 36,074,000 for the six months ended December 31, 2021, compared to an outflow of HKD 46,855,000 in the previous year[25]. - The group’s income tax expense for the six months ended December 31, 2021, was HKD 1,063,000, compared to HKD 2,689,000 for the same period in 2020, a decrease of 60%[41]. - The total interest expense for financing costs for the three months ended December 31, 2021, was HKD 368,000, down from HKD 550,000 in 2020, a reduction of 33%[41]. Assets and Equity - As of December 31, 2021, total non-current assets decreased to HKD 18,039,000 from HKD 19,127,000 as of June 30, 2021, representing a decline of approximately 5.7%[17]. - Current assets decreased to HKD 459,725,000 from HKD 479,792,000, a reduction of about 4.2%[17]. - Total equity attributable to owners of the company as of December 31, 2021, was HKD 361,055,000, a slight decrease from HKD 365,765,000 as of June 30, 2021[19]. - The company’s total liabilities decreased to HKD 110,858,000 from HKD 130,898,000, indicating a reduction of approximately 15.3%[17]. - The company’s total assets less current liabilities stood at HKD 366,906,000 as of December 31, 2021, slightly down from HKD 368,021,000[19]. Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended December 31, 2021, was HKD 5,746,000, a significant decrease from HKD 77,531,000 in the same period of 2020[25]. - Cash and cash equivalents at the end of the period increased to HKD 168,131,000 from HKD 167,149,000, reflecting a marginal increase[25]. - The current ratio as of December 31, 2021, is approximately 4.15, up from 3.67 as of June 30, 2021, indicating improved liquidity[86]. - The debt-to-asset ratio is approximately 0.23 as of December 31, 2021, down from 0.27 as of June 30, 2021, reflecting a stronger balance sheet[86]. - The company has no bank borrowings as of December 31, 2021, consistent with the previous reporting period[86]. Corporate Governance and Structure - The company has maintained high levels of corporate governance, adhering to all applicable code provisions and best practices[105]. - The board of directors consists of four executive directors and four independent non-executive directors[109]. - The company has not appointed a new CEO since the resignation of the previous CEO on January 1, 2021, and the board is reviewing the current structure[105]. - Major shareholders include Hsu Kung Ming with 1,224,800,000 shares (16.35%) and Wei Kai with 884,820,000 shares (11.81%)[95]. Future Plans and Strategies - The company aims to enhance its market presence and explore new strategies for growth in the upcoming periods[13]. - The company is committed to ongoing research and development of new products and technologies to improve service offerings[13]. - The company continues to focus on expanding its mining and construction services, as well as its lending services in Hong Kong and China[35]. - The company aims to enhance its operational and digital capabilities to capitalize on growth opportunities in the restaurant sector[67]. - The company is actively seeking potential investment opportunities in clean energy heating services, with plans to start operations in the next heating season (November 2022)[82].
都都控股(08250) - 2022 - 中期财报