Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 193,410,000, a decrease of 23.4% compared to HKD 252,711,000 for the same period in 2021[8]. - The company's profit before tax for the same period was HKD 14,928,000, down 60.7% from HKD 38,027,000 in the previous year[8]. - The total comprehensive income for the period was HKD 12,462,000, a decline of 58.7% from HKD 30,160,000 in the prior year[8]. - Adjusted net profit, excluding government subsidies, was HKD 9,626,000, significantly lower than HKD 38,878,000 in the previous year[8]. - The adjusted net profit margin for the period was 5.0%, a decrease from 15.4% in the same period last year[11]. - Basic earnings per share decreased to HKD 1.56, down 58.6% from HKD 3.77 in the same period last year[96]. - The profit before tax for the six months ended September 30, 2022, was HKD 14,928,000, down from HKD 38,027,000 in the same period of 2021, representing a decline of 60.7%[117]. - The company reported a government subsidy of HKD (2,836,000) during the period, which was not present in the same period of the previous year[121]. Revenue Breakdown - Revenue from the security services segment fell by approximately HKD 56.9 million or 23.9% to about HKD 181.3 million, primarily due to a decrease in income from manpower support services, which dropped by approximately HKD 62.7 million or 43.3%[18]. - Revenue from facility management services decreased by approximately HKD 2.5 million or 16.8% to about HKD 12.1 million, mainly due to the termination of several property and parking management contracts[19]. - Revenue from general security services increased to HKD 99,059,000, up 6.0% from HKD 93,199,000 in the previous year[110]. - Revenue from manpower support services decreased significantly to HKD 82,195,000, down 43.4% from HKD 144,883,000 in the previous year[110]. - The company did not report any revenue from parking rental income for the current period, compared to HKD 23,000 in the previous year[110]. - External revenue from security services was HKD 181,264,000, while facility management services generated HKD 12,146,000 for the six months ended September 30, 2022[117]. Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 287,823,000, compared to HKD 292,907,000 as of March 31, 2022[9]. - The company's current liabilities increased to HKD 85,726,000 from HKD 59,495,000, indicating a rise in short-term financial obligations[9]. - The total borrowings as of September 30, 2022, were approximately HKD 1.0 million, down from HKD 2.3 million as of March 31, 2022[30]. - The company's equity attributable to owners was HKD 202,021,000, down from HKD 232,759,000, indicating a reduction in shareholder equity[98]. - Non-current liabilities decreased significantly to HKD 78,000 from HKD 655,000, reflecting improved long-term financial stability[98]. Cash Flow and Liquidity - The cash and cash equivalents at the end of the period were HKD 115,046,000, down from HKD 118,828,000 at the end of the previous period[10]. - The current ratio stood at 3.2, slightly down from 3.6 in the previous year, indicating a decrease in liquidity[11]. - The average trade receivables turnover days increased to 142 days from 84 days, reflecting a longer collection period[11]. - The operating cash flow before changes in working capital for the six months ended September 30, 2022, was HKD 16,253,000, down from HKD 39,718,000 in the previous year, representing a decline of 59.0%[103]. - The net cash used in operating activities for the six months ended September 30, 2022, was HKD 1,155,000, an improvement from HKD 6,389,000 used in the same period of 2021[103]. Corporate Governance and Shareholder Information - The company has fully complied with the corporate governance code during the six months ended September 30, 2022[76]. - The company has maintained the required public float as per the listing rules as of September 30, 2022[80]. - The company has not granted or agreed to grant any share options under the share option scheme as of September 30, 2022[64]. - International Evergrande BVI holds a beneficial interest of 70.0% in the company, equating to 560,000,000 shares[59]. - The major shareholders include several individuals with a combined beneficial interest of 70.0% in the company[59]. Future Plans and Developments - The group aims to expand its security services and enhance facility management capabilities while seeking strategic acquisition opportunities[47]. - The company plans to utilize the remaining unutilized net proceeds of approximately HKD 7.9 million by March 31, 2023, for purchasing machinery and equipment, upgrading IT infrastructure, and establishing a control room[69]. - The company has postponed the utilization of unutilized net proceeds for purchasing machinery and equipment, IT infrastructure upgrades, and control room establishment by 12 months due to the impact of the COVID-19 pandemic[69]. - The company has not reported any new product or technology developments in the current report[64]. Miscellaneous - The company did not declare an interim dividend for the six months ended September 30, 2022, compared to no dividend for the same period in 2021[71]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the six months ended September 30, 2022[72]. - No significant matters related to the company's business or financial performance have been identified post-September 30, 2022[82].
国际永胜集团(06663) - 2023 Q2 - 季度财报