Financial Performance - The Group's unaudited consolidated revenue for the six months ended 30 September 2022 was approximately HK$776.0 million, an increase from approximately HK$755.4 million in the corresponding period of 2021[26]. - The construction business contributed approximately HK$642.4 million to the revenue, up from approximately HK$532.1 million in the same period of 2021, with 34 projects on hand as of 30 September 2022[26]. - The E-Commerce business generated revenue of approximately HK$133.6 million, a decrease from approximately HK$223.3 million in the corresponding period of 2021[26]. - The gross profit for the Period was approximately HK$121.1 million, compared to approximately HK$73.2 million in the same period of 2021[26]. - The gross profit margin improved to approximately 15.6%, up from approximately 9.7% in 2021, indicating a healthier financial position[26]. - Profit attributable to the owners of the Company decreased to approximately HK$27.1 million, representing a decrease of 13.7% from approximately HK$31.4 million in the previous year[28]. - Total comprehensive income for the period was HK$23,662,000, down from HK$46,177,000, marking a decrease of approximately 48.8%[86]. - Basic earnings per share for the six months ended 30 September 2022 was 2.71 HK cents, down from 3.14 HK cents in the same period of 2021, reflecting a decline of approximately 13.7%[145]. E-Commerce Business - The Group offers over 500 types of products through its E-Commerce business, focusing on high-quality and diversified offerings[24]. - The E-Commerce business has been strategically positioned as a brand retailer in private E-Commerce platforms, collaborating with three platforms[23]. - The Group has been engaged in E-Commerce since March 2021, holding a 51% equity interest in CK Baiyin, a company incorporated in China[23]. - The Group plans to further expand technical platforms, increase product types, and enhance smart services to capture a larger market share in the E-Commerce business in China[31]. - E-Commerce business revenue decreased to HK$133,597,000 from HK$223,339,000, indicating a decline of approximately 40.2%[114]. Construction Business - Five new projects with an aggregate contract value of approximately HK$328.1 million were awarded to the Group during the Period[22]. - As of 30 September 2022, there were 34 ongoing projects with an outstanding contract sum of approximately HK$1,274.9 million[22]. - Revenue from construction business, including formwork services and other construction services, was HK$642,409,000, up from HK$532,110,000, reflecting a growth of about 20.7%[114]. - The reportable segment profit before tax for the construction business was HK$30,105,000[121]. - The Group's construction business primarily serves customers in Hong Kong[118]. Expenses and Costs - Selling and administrative expenses increased by HK$77.6 million to approximately HK$91.6 million, compared to approximately HK$14 million in the corresponding period last year, mainly due to increased director's emoluments and selling commission expenses for the E-Commerce business[29][30]. - Staff costs increased to HK$112,387,000 from HK$104,124,000, representing an increase of approximately 8% year-over-year[137]. Assets and Liabilities - Total assets as of September 30, 2022, increased to HK$598,574,000 from HK$575,452,000 as of March 31, 2022, representing a growth of approximately 4.9%[88]. - Trade receivables decreased to HK$75,549,000, down 22.0% from HK$96,952,000 as of March 31, 2022[88]. - Contract assets increased significantly to HK$269,610,000, up 20.5% from HK$223,788,000 as of March 31, 2022[88]. - Current liabilities decreased slightly to HK$169,042,000 from HK$170,682,000, indicating a reduction of approximately 1.0%[90]. - Total debts, including lease liabilities and bank borrowings, increased to approximately HK$38.5 million as of September 30, 2022, from approximately HK$16.8 million as of March 31, 2022[44]. Corporate Governance - The company complied with all applicable provisions of the Corporate Governance Code except for the separation of roles between chairman and chief executive[69]. - The company recognizes the importance of maintaining high standards of corporate governance to protect shareholder interests[66]. - The company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance among all directors during the reporting period[71]. Cash Flow - Cash and cash equivalents were approximately HK$189.2 million as of September 30, 2022, down from approximately HK$217.9 million as of March 31, 2022[43]. - Net cash used in operating activities for the six months ended 30 September 2022 was HK$31,827,000, compared to HK$13,594,000 in the same period of 2021, indicating a significant increase in cash outflow[95]. - Net cash used in investing activities was HK$16,131,000 for the six months ended 30 September 2022, compared to HK$2,078,000 in the previous year, reflecting increased investment expenditures[95]. - Net cash generated from financing activities was HK$19,424,000 for the six months ended 30 September 2022, a substantial recovery from a net cash outflow of HK$822,000 in the same period of 2021[95]. Shareholder Information - Mr. Lo holds a total interest of 546,750,000 shares, representing approximately 54.6% of the company[57]. - Mrs. Lo, as the spouse of Mr. Lo, is deemed to have an interest in all shares held by Mr. Lo, totaling 546,750,000 shares or 54.6%[58]. - Magnificent Faith, wholly owned by Mr. Lo, holds 546,750,000 ordinary shares, equating to 54.6% of the company[62]. - CT Vision Strategic Company Limited, beneficially owned by Dr. Ho, holds 140,310,000 ordinary shares, representing 14.0% of the company[62]. Miscellaneous - There were no significant investments, material acquisitions, or disposals of subsidiaries and affiliated companies during the six months ended September 30, 2022[50]. - The company did not recommend the payment of a dividend for the six months ended 30 September 2022, consistent with the previous year[173]. - The Group did not have any significant contingent liabilities as of 30 September 2022, and ongoing litigations are expected to be covered by insurance[176].
智勤控股(09913) - 2023 - 中期财报