Financial Performance - The Group reported revenue of HKD 168,851,000 for the six months ended September 30, 2022, representing a 31.3% increase from HKD 128,673,000 in the same period last year[6]. - Gross profit for the six months was HKD 21,981,000, up 18.5% from HKD 18,546,000 year-on-year[6]. - The Group's net profit for the period was HKD 8,368,000, a slight increase of 1.0% compared to HKD 8,289,000 in the previous year[6]. - Basic earnings per share for the six months was HKD 1.05, compared to HKD 1.04 in the same period last year[6]. - The total revenue for the six months ended September 30, 2022, was HKD 168,851,000, an increase from HKD 128,673,000 for the same period in 2021, representing a growth of approximately 31.2%[22][23]. - The company reported a total comprehensive income of HKD 8,368,000 for the six months ended September 30, 2022, compared to HKD 8,289,000 for the same period in 2021[9]. - The company's profit attributable to owners increased from approximately HKD 8.3 million to approximately HKD 8.4 million, a growth of about 1.2%[66]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to HKD 147,295,000, an increase from HKD 139,624,000 as of March 31, 2022[8]. - Current assets increased to HKD 286,894,000 from HKD 276,818,000, indicating a growth of 3.9%[8]. - The Group's total equity rose to HKD 144,247,000 from HKD 135,879,000, reflecting a growth of 6.4%[8]. - Trade and other receivables increased significantly to HKD 108,391,000 from HKD 81,003,000, marking a 33.8% increase[8]. - The company's trade receivables as of September 30, 2022, were HKD 56,958,000, an increase from HKD 33,252,000 as of March 31, 2022, indicating a growth of 71.2%[34]. - The total amount of trade and other payables reached HKD 92,558,000 as of September 30, 2022, up from HKD 65,622,000 as of March 31, 2022, indicating a rise of approximately 41%[39]. - The trade payables increased significantly to HKD 33,950,000 as of September 30, 2022, compared to HKD 14,833,000 as of March 31, 2022, marking an increase of about 129%[39]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (6,165,000), an improvement compared to HKD (24,025,000) in the previous year[12]. - The financing activities resulted in a net cash outflow of HKD (18,550,000) for the six months ended September 30, 2022, compared to a net inflow of HKD 9,693,000 in the previous year[12]. - The company’s bank interest income for the six months ended September 30, 2022, was HKD 87,000, significantly up from HKD 8,000 in the same period of 2021, marking an increase of 1,087.5%[25]. - The company’s cash and cash equivalents decreased to HKD 23,476,000 as of September 30, 2022, down from HKD 51,279,000 at the beginning of the period[12]. - The Group's bank borrowings decreased to HKD 72,721,000 from HKD 88,840,000, a reduction of 18.2%[8]. Operational Highlights - The company generated HKD 168,654,000 from customer contract revenue in the construction segment, with significant contributions from renovation and maintenance works[22]. - The company continues to focus on expanding its construction services, particularly in renovation and maintenance, which accounted for HKD 89,833,000 of the total revenue[22]. - The company secured 40 projects generating revenue in the six months ended September 30, 2022, compared to 30 projects in the same period last year, representing a 33% increase[50]. - The company obtained 17 new projects with a total original contract value of approximately HKD 182.4 million in the six months ended September 30, 2022, compared to 9 projects valued at HKD 78.9 million in the same period last year, indicating a significant increase in project value[50]. Employee and Administrative Expenses - Total employee costs for the six months ended September 30, 2022, amounted to HKD 11,637,000, up from HKD 9,463,000 in the same period of 2021, reflecting a growth of 23.1%[25]. - The company’s major management personnel compensation totaled HKD 1,407,000 for the three months ended September 30, 2022, compared to HKD 1,107,000 in the same period last year, reflecting an increase of approximately 27%[47]. - The Group's administrative expenses for the six months were HKD 9,482,000, up from HKD 7,077,000, indicating a rise of 33.9%[6]. Dividends and Share Capital - The company declared an interim dividend of HKD 0.25 per share, totaling HKD 2,000,000 for the six months ended September 30, 2022, compared to no dividend in the same period of 2021[28]. - The issued share capital of the company was HKD 8,000,000 as of September 30, 2022, with 800,000,000 ordinary shares issued[71]. Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2022[96]. - The company has complied with the corporate governance code as of September 30, 2022, except for the separation of roles between the chairman and CEO[90]. - No directors or major shareholders have reported any competing business interests as of September 30, 2022[88].
CHI HO DEV(08423) - 2023 - 中期财报