Financial Performance - Revenue increased from approximately HKD 576.7 million for the six months ended September 30, 2021, to approximately HKD 606.2 million for the six months ended September 30, 2022, representing an increase of about 5.5%[8] - Gross profit increased from approximately HKD 36.4 million to approximately HKD 40.0 million, with a gross margin improvement from about 6.3% to 6.6%[11] - Net profit rose from approximately HKD 22.0 million to approximately HKD 24.7 million, reflecting an increase of about 12.3% due to more projects commencing in 2022[16] - The group reported revenue of HKD 606.2 million for the six months ended September 30, 2022, compared to HKD 576.7 million for the same period in 2021, representing an increase of approximately 5.5%[53] - Gross profit for the same period was HKD 39.97 million, up from HKD 36.4 million year-on-year, indicating a growth of about 7.1%[53] - The net profit attributable to the owners of the company for the six months ended September 30, 2022, was HKD 24.67 million, compared to HKD 21.99 million in the previous year, reflecting an increase of approximately 12.2%[53] - The total comprehensive income for the period was HKD 24,670 thousand, contributing to a total equity of HKD 256,123 thousand as of September 30, 2022[64] Cash Flow and Financial Position - Cash and cash equivalents increased to approximately HKD 102.4 million as of September 30, 2022, compared to approximately HKD 57.6 million as of March 31, 2022[18] - Total borrowings decreased to approximately HKD 0.1 million as of September 30, 2022, down from approximately HKD 4.0 million as of March 31, 2022[18] - The debt-to-equity ratio improved to approximately 0.1% as of September 30, 2022, compared to approximately 1.7% as of March 31, 2022[20] - The net cash generated from operating activities was HKD 39,184 thousand, compared to a net cash used of HKD 6,985 thousand in the previous period[60] - The cash and cash equivalents at the end of the period were HKD 102,404 thousand, compared to HKD 55,138 thousand at the end of the previous period, indicating a significant increase[60] - The net cash used in financing activities was HKD 3,843 thousand, compared to a net cash generated of HKD 1,857 thousand in the previous period[60] - The net cash used in investing activities was HKD 9,422 thousand, compared to a net cash used of HKD 1,572 thousand in the previous period[60] Expenses and Costs - Service costs rose from approximately HKD 540.3 million to approximately HKD 566.2 million, consistent with the revenue increase during the same period[9] - Administrative expenses increased from approximately HKD 6.2 million to approximately HKD 11.4 million, primarily due to a special bonus payment of HKD 6.0 million to an executive director[13] - The company’s administrative expenses increased to HKD 11.43 million for the six months ended September 30, 2022, compared to HKD 6.18 million in the previous year[53] - Total tax expenses for the six months ended September 30, 2022, were HKD 4,753,000, slightly higher than HKD 4,387,000 in the previous year[82] Employee and Management Information - The company had a total of 223 employees as of September 30, 2022, down from 240 employees as of March 31, 2022, with total employee costs for the period amounting to HKD 25.0 million[32] - The total compensation for key management personnel for the six months ended September 30, 2022, was HKD 7,401,000, a significant increase from HKD 2,478,000 in the same period of 2021, representing a growth of approximately 198%[131] Shareholder and Governance - The company maintains compliance with the corporate governance code as per the listing rules, ensuring the separation of roles between the chairman and the CEO, which is currently held by Mr. Zeng Zhaoqun[133] - As of September 30, 2022, Mr. Zeng Zhaoqun holds a controlled interest of 104,625,000 shares, representing 28.125% of the company's total shares[138] - Major shareholders include Mr. Zeng Zhaoqun and Ms. Liang Huiling, each holding 28.125% of the shares, indicating a strong alignment in ownership[144] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the standards set forth in the listing rules[134] - The company is committed to best practices in corporate governance, which is expected to enhance business management and development strategies[133] Other Financial Information - The company has no significant investments or capital asset plans for the future[25] - The company has not reported any significant impact from the adoption of new accounting standards during the interim period[73] - The company did not declare or pay any dividends for the six months ended September 30, 2022, consistent with the previous year[85] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the reporting period[149] - There were no significant post-period events after September 30, 2022[153] - The audit committee reviewed the unaudited condensed consolidated interim financial statements and found them compliant with applicable accounting standards and listing rules[156]
德益控股(09900) - 2023 - 中期财报