Financial Performance - For the six months ended June 30, 2022, the group reported revenue of HKD 100,702,000, an increase of 12.4% compared to HKD 89,540,000 for the same period in 2021[6] - Gross profit for the six months ended June 30, 2022, was HKD 41,064,000, representing a gross margin of 40.7%, up from HKD 36,382,000 in 2021[6] - The net profit attributable to owners of the company for the six months ended June 30, 2022, was HKD 13,852,000, a significant increase of 95.5% compared to HKD 7,080,000 in 2021[7] - For the six months ended June 30, 2022, the company reported a total comprehensive income of HKD 14,873,000, compared to HKD 7,069,000 for the same period in 2021, representing an increase of 110%[12] - The company's total revenue for the three months ended June 30, 2022, was HKD 18,462,000, up from HKD 10,924,000 in the same period of 2021, indicating a growth of 68.5%[33] - The net profit after tax surged by 109.3% to approximately HKD 14.9 million for the six months ended June 30, 2022, compared to HKD 7.1 million for the same period in 2021[49] Assets and Equity - The total assets of the group as of June 30, 2022, amounted to HKD 145,735,000, an increase from HKD 127,399,000 as of December 31, 2021[9] - The total equity attributable to owners of the company increased to HKD 98,150,000 as of June 30, 2022, from HKD 87,309,000 at the end of 2021[10] - The total equity attributable to owners of the company as of June 30, 2022, was HKD 98,150,000, an increase from HKD 90,490,000 as of June 30, 2021, representing an increase of 8%[12] Cash Flow and Investments - The group’s cash and bank balances as of June 30, 2022, were HKD 54,180,000, down from HKD 58,935,000 at the end of 2021[9] - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 7,967,000, compared to HKD 6,261,000 in 2021, indicating an increase of 27%[14] - The company’s investment activities resulted in a net cash outflow of HKD 5,564,000 for the six months ended June 30, 2022, compared to HKD 1,720,000 in 2021[14] Revenue Segmentation - Revenue from financial printing services for the six months ended June 30, 2022, was HKD 84,448,000, up from HKD 79,026,000 in 2021, reflecting a growth of 6%[23] - The company’s revenue from marketing-related printing services increased to HKD 9,613,000 for the six months ended June 30, 2022, from HKD 8,027,000 in 2021, marking a growth of 20%[23] Liabilities and Expenses - The group reported a tax expense of HKD 619,000 for the six months ended June 30, 2022, compared to HKD 601,000 in 2021[6] - Employee benefits expenses totaled HKD 32,724,000 for the six months ended June 30, 2022, compared to HKD 31,047,000 in 2021, reflecting an increase of 5.4%[30] - The group’s administrative expenses increased by 3.0% to approximately HKD 21.2 million for the six months ended June 30, 2022, compared to HKD 20.6 million in the previous year[46] Shareholder Information - As of June 30, 2022, the major shareholders include HM Ultimate Holdings Limited, holding approximately 222,760,000 shares, representing 55.69% of the total issued shares[65] - The company’s directors and key executives hold significant interests in the company, with the largest shareholder, Yu Zhiming, holding 55.69% of the shares[65] Corporate Governance - The company has adopted all principles and code provisions of the corporate governance code as per GEM Listing Rules Appendix 15[74] - The board confirmed compliance with all code provisions of the corporate governance code for the six months ended June 30, 2022[76] - The Audit Committee, established on December 15, 2016, consists of three independent non-executive directors and is responsible for reviewing financial reporting processes and risk management[80] Market Strategy and Operations - The company operates primarily in Hong Kong, with most of its revenue and assets located there, indicating a focused market strategy[24] - The group plans to monitor market developments closely and adapt its business strategies to maintain a competitive edge amid ongoing economic uncertainties[40]
HM INTL HLDGS(08416) - 2022 - 中期财报