Financial Performance - The group recorded unaudited revenue of approximately HKD 221.0 million for the six months ended June 30, 2022, a decrease of about 5.0% compared to HKD 232.6 million for the same period in 2021[10] - The unaudited profit for the six months ended June 30, 2022, was approximately HKD 9.2 million, an increase of about 48.4% from HKD 6.2 million for the same period in 2021[10] - Basic earnings per share for the six months ended June 30, 2022, were approximately HKD 1.15, compared to HKD 0.78 for the same period in 2021[10] - Operating profit for the six months ended June 30, 2022, was HKD 6.55 million, compared to HKD 9.97 million for the same period in 2021[11] - The company's profit for the six months ended June 30, 2022, was HKD 5,186, compared to HKD 9,213 for the same period in 2021, representing a decrease of approximately 43.5%[13] - Total comprehensive income for the six months ended June 30, 2022, was HKD 5,486, down from HKD 8,821 in the previous year, indicating a decline of about 37.5%[13] Dividends - The board declared an interim dividend of HKD 0.75 per share for the six months ended June 30, 2022, compared to no dividend for the same period in 2021[10] - The interim dividend declared for the six months ended June 30, 2022, was HKD 0.75 per share, compared to no dividend for the same period in 2021[72] - The interim dividend will be paid on or before September 30, 2022, to shareholders listed on the register as of September 9, 2022[131] Employee Benefits and Expenses - The group’s employee benefit expenses for the six months ended June 30, 2022, were approximately HKD 202.98 million, an increase from HKD 194.09 million in the same period of 2021[11] - Employee benefits expenses for the six months ended June 30, 2022, totaled HKD 202,984,000, an increase of 4.6% from HKD 194,091,000 in the same period of 2021[60] - Employee benefits expenses remained stable at approximately HKD 203.0 million for the six months ended June 30, 2022, compared to approximately HKD 194.1 million for the same period in 2021[96] Cash Flow and Financial Position - Cash and cash equivalents increased to HKD 76,758 as of June 30, 2022, compared to HKD 40,915 at the end of 2021, reflecting a growth of approximately 87.6%[16] - Cash flows from operating activities for the six months ended June 30, 2022, were HKD 30,850, compared to a cash outflow of HKD 1,564 for the same period in 2021[23] - The company reported cash flows from investing activities of HKD 30,281 for the six months ended June 30, 2022, compared to a cash outflow of HKD 1,964 in the previous year[23] - The company recorded a net cash increase of HKD 35,843 for the six months ended June 30, 2022, compared to a decrease of HKD 7,533 in the same period of 2021[23] - Cash and bank balances as of June 30, 2022, were approximately HKD 76.8 million, up from approximately HKD 40.9 million as of December 31, 2021[103] Assets and Liabilities - The group’s total assets as of June 30, 2022, were approximately HKD 1.5 billion, reflecting a stable financial position[10] - Total assets reached HKD 221,383 as of June 30, 2022, up from HKD 209,288 at the end of 2021, marking an increase of about 5.2%[16] - The total liabilities as of June 30, 2022, were HKD 67,827, an increase from HKD 64,553 at the end of 2021, indicating a rise of approximately 3.5%[16] - The total trade receivables as of June 30, 2022, amounted to HKD 75,639,000, a decrease of 18.52% from HKD 92,824,000 as of December 31, 2021[82] - The group’s total liabilities as of June 30, 2022, included performance guarantees totaling approximately HKD 90.2 million[110] Financial Management and Governance - The group’s financial risk management plan focuses on minimizing the potential adverse effects of financial market unpredictability on its financial performance[38] - The financial information in the report has not been audited, but the audit committee reviewed the unaudited consolidated results for the six months ended June 30, 2022, and found them compliant with applicable accounting standards[133] - The audit committee consists of independent non-executive directors, ensuring oversight of the financial reporting process[133] - The company has complied with all corporate governance codes as per GEM listing rules as of June 30, 2022[127] Shareholder Information - R5A Group Limited holds 491,440,000 shares, representing 61.43% of the company's issued share capital[116] - Major shareholders include Tan Mu Jie with 55.23%, Song Li Ming with 16.28%, He Zhu Ming with 13.96%, and Deng Jiang Fu with 12.79%[122] - Wu Fu Hua is the beneficial owner of 49,540,000 shares, accounting for 6.19% of the company's issued share capital[117] - The beneficial ownership structure indicates significant control by a small group of individuals, highlighting potential governance considerations[116] Other Financial Information - The group received HKD 800,000 in wage subsidies from the Anti-epidemic Fund during the six months ended June 30, 2022, compared to no such income in the same period of 2021[57] - The company reported a total income tax expense of HKD 711,000 for the six months ended June 30, 2022, compared to HKD 1,493,000 for the same period in 2021[70] - The company recorded a fair value loss of HKD 130,000 on financial assets measured at fair value through profit or loss for the period ended June 30, 2022[80] - The group has not adopted any new accounting standards that would have a significant impact on the reported amounts for the interim financial results[32] - The group operates a single segment providing property management services in Hong Kong, with no business segment analysis presented[31]
雅居投资控股(08426) - 2022 - 中期财报