Financial Performance - The Group recorded an unaudited revenue of approximately HK$12.3 million for the six months ended 30 November 2021, representing an increase of approximately 265% compared to the corresponding period in 2020[28]. - The Group's unaudited loss was approximately HK$9.1 million for the six months ended 30 November 2021, a decrease of approximately HK$9.6 million or 51.3% compared to the same period in 2020, primarily due to the resumption of shows and events in Hong Kong[28]. - Loss per share for the period was HK$1.13, a reduction of 51.7% from HK$2.34 in the previous year[28]. - Revenue for the three months ended 30 November 2021 was HK$7,700,000, compared to HK$2,252,000 for the same period in 2020, representing a 242% increase[33]. - The total comprehensive loss for the period was HK$2,600,000 for the three months ended 30 November 2021, compared to HK$9,698,000 for the same period in 2020[36]. - For the six months ended 30 November 2021, the loss attributable to owners of the Company was HK$9,022,000, compared to a loss of HK$18,713,000 for the same period in 2020, representing a 51.8% improvement[113]. - The basic loss per share for the six months ended 30 November 2021 was HK$1.13, compared to HK$2.34 for the same period in 2020, indicating a 51.8% reduction in loss per share[113]. Revenue Growth - Total revenue for the six months ended 30 November 2021 reached HK$12,330,000, compared to HK$3,378,000 for the same period in 2020, marking a growth of 264%[91]. - Revenue from visual display solution services for the three months ended 30 November 2021 was HK$7,700,000, a significant increase from HK$2,252,000 in the same period of 2020, representing a growth of 242%[87]. - Revenue from Hong Kong for the six months ended 30 November 2021 was HK$7,301,000, up from HK$1,872,000 in 2020, indicating a growth of 289%[91]. - The Group's revenue from Macau for the six months ended 30 November 2021 was HK$3,066,000, significantly up from HK$147,000 in 2020, indicating a growth of 1984%[91]. - The Group's revenue from equipment rental for the six months ended 30 November 2021 was HK$12,330,000, compared to HK$3,378,000 in 2020, representing a growth of 264%[87]. Expenses and Liabilities - Gross loss for the six months ended 30 November 2021 was HK$4,608,000, an improvement from a gross loss of HK$12,474,000 in the same period of 2020[33]. - Administrative expenses decreased to HK$6,049,000 for the six months ended 30 November 2021, down from HK$6,022,000 in the same period of 2020[33]. - Employee benefit expenses for the three months ended 30 November 2021 were HK$2,516,000, down from HK$3,485,000 in the same period of 2020, reflecting a decrease of 28%[95]. - The Group's finance costs for the six months ended 30 November 2021 were HK$318,000, compared to HK$283,000 in the same period of 2020, reflecting an increase of 12.4%[98]. - Total liabilities increased to HK$35,741,831 as of 30 November 2021, compared to HK$30,764,283 as of 31 May 2021[56]. Cash Flow and Assets - The net cash generated from operating activities for the six months ended November 30, 2021, was HK$822,000, a significant improvement from a net cash outflow of HK$2,525,000 in the previous year[79]. - The company reported a net cash decrease of HK$484,000 in cash and cash equivalents for the six months ended November 30, 2021, compared to a net increase of HK$1,167,000 in the same period of 2020[79]. - Cash and cash equivalents at the end of the period were HK$683,000, down from HK$2,596,000 at the end of the same period in 2020, representing a decline of approximately 73.7%[79]. - Total assets as of 30 November 2021 were HK$96,981,879, down from HK$101,096,797 as of 31 May 2021[40]. - The Group's total non-current assets as of 30 November 2021 were HK$96,982,000, a decrease from HK$101,097,000 as of 31 May 2021[92]. Equity and Share Capital - As of November 30, 2021, total equity decreased to HK$61,240,000 from HK$86,614,000 as of November 30, 2020, reflecting a decline of approximately 29.3%[61]. - The company’s share capital remained unchanged at HK$8,000,000 as of November 30, 2021, consistent with the previous year[61]. - The statutory retained reserve increased to HK$305,000 as of November 30, 2021, compared to HK$199,000 in the previous year[61]. - The directors of the Company do not recommend the payment of dividends for the six months ended 30 November 2021, consistent with the previous year where no dividends were paid[108]. Trade Receivables and Credit Risk - As of November 30, 2021, trade receivables amounted to HK$13,496,570, an increase from HK$13,156,541 as of May 31, 2021, representing a growth of approximately 2.6%[142]. - The current portion of trade receivables increased to HK$18,498,357 from HK$13,609,356, indicating a significant rise of about 36.5%[142]. - Trade receivables past due were HK$8,959,542 as of November 30, 2021, down from HK$10,126,121 as of May 31, 2021, reflecting a decrease of approximately 11.6%[145]. - The provision for impairment of trade receivables decreased to HK$8,257,777 as of November 30, 2021, from HK$8,450,229 as of May 31, 2021, showing a reduction of about 2.3%[147]. - The maximum exposure to credit risk is represented by the carrying amount of trade receivables and deposits, with no collateral held as security[140].
耀星科技集团(08446) - 2022 - 中期财报