Financial Performance - Revenue for the six months ended September 30, 2022, increased by approximately 80.4% to about HKD 411.8 million compared to the same period in 2021[22] - Profit for the reporting period rose by approximately 162.1% to about HKD 13.2 million, with adjusted profit around HKD 8.4 million, a 3.5% increase from HKD 8.1 million in the same period last year[22] - Basic earnings per share increased by approximately 120.6% to about HKD 1.39 compared to HKD 0.63 in the same period last year[28] - Gross profit for the six months was HKD 67.1 million, up from HKD 34.8 million in the previous year[25] - Total comprehensive income for the period was HKD 9.0 million, compared to HKD 5.0 million in the same period last year[28] - The company recorded other income and gains of HKD 5.8 million, an increase from HKD 1.7 million in the previous year[25] - The company’s profit attributable to owners increased by approximately 122.2% from about HKD 5.0 million to approximately HKD 11.2 million during the reporting period[120] Expenses and Costs - Administrative expenses increased to HKD 32.5 million from HKD 9.8 million in the previous year[25] - The company incurred a one-time expense of approximately HKD 3.1 million related to the acquisition of 70% of ServiceOne International Holdings Limited[22] - The financial cost for the reporting period was HKD 3.1 million, significantly higher than HKD 0.1 million in the previous year[25] - Selling expenses increased by approximately 7.4% to about HKD 21.5 million, mainly due to rising employee costs[112] - Administrative expenses surged by approximately 232.6% to about HKD 32.5 million, largely due to one-time professional fees related to acquisitions and increased amortization costs of intangible assets[114] - Total tax expenses for the six months ended September 30, 2022, were 2,566 thousand HKD, up from 1,614 thousand HKD in the same period of 2021, reflecting a year-over-year increase of 58.9%[66] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 248,154 thousand, an increase from HKD 239,330 thousand as of March 31, 2022, reflecting a growth of approximately 3.4%[32] - The company's net cash and cash equivalents decreased to HKD 117,372 thousand from HKD 158,459 thousand, representing a decline of about 26%[39] - Non-current liabilities increased to HKD 74,357 thousand as of September 30, 2022, up from HKD 68,453 thousand as of March 31, 2022, marking an increase of approximately 8.5%[33] - The total equity of the company as of September 30, 2022, was HKD 173,797 thousand, a slight increase from HKD 170,877 thousand as of March 31, 2022[33] - The company reported a total liability of HKD 322,495,000 as of September 30, 2022, compared to HKD 118,616,000 in the same period of 2021, which is an increase of 171.5%[49][52] Cash Flow - Operating cash flow for the six months ended September 30, 2022, was negative HKD 30,323 thousand, compared to negative HKD 17,139 thousand for the same period in 2021, indicating a worsening cash flow situation[39] - The company incurred a cash outflow of HKD 21,252 thousand for the acquisition of subsidiaries during the reporting period[39] - Cash and cash equivalents at the end of the reporting period were HKD 117,372 thousand, down from HKD 134,149 thousand in the previous year[39] - The company's cash and cash equivalents as of September 30, 2022, were approximately HKD 117.4 million, down from approximately HKD 158.5 million as of March 31, 2022[121] Shareholder Information - The total issued shares of the company were 803,280,000 as of September 30, 2022[152] - Major shareholder Mo holds 91,800,000 shares, representing 11.4% of the total shares[147] - Major shareholder Zeng holds 89,760,000 shares, representing 11.2% of the total shares[147] - Major shareholder Luk holds 226,890,000 shares, representing 28.2% of the total shares, and 450,500,000 related shares, representing 56.1%[147] - ServiceOne Global, a major shareholder, holds 450,000,000 related shares, representing 56.0%[147] Corporate Governance - The company emphasizes the importance of good corporate governance for effective management and successful business development, continuously reviewing governance practices to meet stakeholder expectations[178] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2022, confirming compliance with applicable accounting standards and sufficient disclosures[179] Strategic Development - The company continues to focus on strategic development in hybrid cloud, multi-cloud, and cybersecurity solutions to enhance its service offerings[101] - The ongoing global economic pressures, including supply chain issues and rising interest rates, pose challenges to the business environment and may negatively impact performance[98] - The company aims to expand its customer base across new industries in the Asia-Pacific region while exploring suitable acquisition opportunities to enhance corporate value[105]
思博系统(08319) - 2023 - 中期财报