Financial Performance - The Group's revenue decreased from approximately HK$92.9 million for the six months ended 30 September 2022 to approximately HK$72.2 million, a decline of approximately 22.4% for the six months ended 30 September 2023[9]. - The Group's gross profit decreased by approximately 17.8% from approximately HK$32.2 million for the six months ended 30 September 2022 to approximately HK$26.5 million for the same period in 2023, while the gross profit margin increased from approximately 34.6% to approximately 36.7%[9]. - Profit attributable to owners of the Company decreased from approximately HK$15.1 million for the six months ended 30 September 2022 to approximately HK$8.9 million for the same period in 2023[9]. - Operating profit for the six months ended 30 September 2023 was approximately HK$11.1 million, down from HK$18.8 million for the same period in 2022[12]. - Profit before income tax for the six months ended 30 September 2023 was approximately HK$10.8 million, compared to HK$18.0 million for the same period in 2022[12]. - The Group's total comprehensive income for the period was approximately HK$9.0 million, down from HK$15.2 million for the same period in 2022[12]. - The profit for the period ended September 30, 2023, was HK$8,877,135, a decrease of 41.5% compared to HK$15,109,038 for the same period in 2022[23][27]. - Total comprehensive income for the period attributable to owners of the Company was HK$3,066,823 for the three months ended 30 September 2023, down from HK$9,511,500 in 2022, representing a decline of 67.7%[14]. Revenue Breakdown - Revenue from flooring services for the six months ended September 30, 2023, was HK$64,897,056, representing a decline of 20.0% compared to HK$81,269,720 in the same period last year[58]. - Ancillary services revenue for the six months ended September 30, 2023, decreased by 39.1% to HK$6,952,041 from HK$11,483,006 in the previous year[58]. - Revenue from customers in Hong Kong, Macau, and other Asian regions for the six months ended 30 September 2023 was HK$71,946,323, a decrease of 22.6% from HK$92,943,972 in 2022[61]. - For the three months ended September 30, 2023, the Group reported revenue of HK$36,947,203, a decrease of 24.8% compared to HK$49,075,788 for the same period in 2022[58]. Expenses and Costs - General and administrative expenses increased to approximately HK$16.0 million for the six months ended 30 September 2023, compared to HK$14.7 million for the same period in 2022[12]. - The cost of flooring materials used for the six months ended 30 September 2023 was HK$26,067,005, a decrease from HK$32,930,883 for the same period in 2022[114]. - Subcontractor costs for the six months ended 30 September 2023 were HK$15,303,353, down from HK$24,407,529 in the previous year[114]. - Employee costs for the six months ended September 30, 2023, were approximately HK$13.3 million, compared to HK$11.5 million in the same period of 2022[170]. Cash Flow and Assets - Cash and cash equivalents increased to HK$52,253,298 as at 30 September 2023, up from HK$34,409,576 as at 31 March 2023, indicating a rise of 52.0%[20]. - Net cash generated from operating activities for the six months ended September 30, 2023, was HK$22,848,375, significantly higher than HK$9,299,280 in the previous year, representing a 146.5% increase[27]. - Total assets as at 30 September 2023 amounted to HK$181,636,346, an increase from HK$174,298,372 as at 31 March 2023, representing a growth of 4.0%[20]. - Trade receivables decreased significantly to HK$38,691,312 as of September 30, 2023, down 22.1% from HK$49,673,399 as of March 31, 2023[85]. Dividends and Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2023, consistent with the previous year[9]. - As of September 30, 2023, Mr. Kwong holds 392,886,000 shares in the Company, representing approximately 65.48% of the total shareholding[179]. - Mr. Kwong beneficially owns 70% of Sage City, which holds 65.48% of the Company's shares, making him deemed to have an interest in all shares owned by Sage City[181]. - No other Directors or chief executives had any interests or short positions in the shares or debentures of the Company or associated corporations as of September 30, 2023[187]. Governance and Compliance - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code for the six months ended September 30, 2023[198]. - The Company disclosed no substantial shareholders with interests or short positions in the shares or underlying shares as of September 30, 2023[188]. - All Directors confirmed full compliance with the Code of Conduct during the six months ended September 30, 2023[199].
邝文记(08023) - 2024 - 中期财报