Financial Performance - The company reported a revenue of HKD 148,144,000 for the six months ended March 31, 2022, representing an increase of 43% compared to HKD 103,577,000 in the same period last year[1]. - The gross profit for the period was HKD 24,680,000, compared to HKD 13,989,000 in the previous year, indicating an increase of 76%[1]. - The net profit attributable to owners of the company was HKD 6,755,000, up from HKD 2,638,000, reflecting a growth of 156%[3]. - Basic and diluted earnings per share increased to HKD 0.010 from HKD 0.004, marking a 150% rise[3]. - The group reported total revenue of HKD 148,144,000, with HKD 147,431,000 from power and maintenance engineering services and HKD 713,000 from rental income[18]. - The group achieved a profit before tax of HKD 9,634,000 during the reporting period[18]. - The group’s total comprehensive income for the period was HKD 6,755,000, compared to HKD 2,638,000 in the previous year[27]. - The gross profit increased by approximately HKD 10.7 million, with an average gross profit margin rising to about 16.7% from 13.5% in the previous year[49]. Assets and Equity - Total assets as of March 31, 2022, amounted to HKD 301,517,000, compared to HKD 290,216,000 as of September 30, 2021, showing a growth of 4%[5]. - Current assets net value increased to HKD 242,085,000 from HKD 229,697,000, representing a rise of 5%[5]. - The company’s total equity reached HKD 298,974,000, up from HKD 287,678,000, indicating a growth of 4%[7]. - The company has maintained a strong cash position with bank balances and cash totaling HKD 107,003,000, slightly down from HKD 107,011,000[5]. - As of March 31, 2022, the company had cash and bank balances of approximately HKD 133.7 million, up from HKD 112.2 million in the previous year[54]. Expenses - The company’s administrative expenses increased, but specific figures were not disclosed in the provided data[2]. - The group incurred administrative expenses of HKD 4,652,000 and financing costs of HKD 30,000[18]. - The company's administrative expenses increased by approximately HKD 0.68 million due to higher employee costs and professional fees[50]. - The company’s financing costs increased primarily due to higher lease interest expenses[52]. Business Operations - The company continues to focus on providing electrical engineering services in Hong Kong, with no new product or technology developments mentioned in the report[11]. - The group’s operating segments include power and maintenance engineering services and rental income from investment properties[19]. - The company has undertaken four power and maintenance engineering projects, contributing approximately HKD 122.3 million, which accounted for 83.0% of the total revenue from this segment[48]. - The group’s contract assets related to engineering service contracts were HKD 111,289,000, with a provision for credit losses of HKD 5,407,000[37]. - The group’s trade receivables were settled within 0 to 30 days from the invoice date[32]. - The group’s major customers contributed over 10% of total revenue, with significant contributions from Customer A and Customer B[21]. Dividends and Governance - The group did not declare or recommend any interim dividends during the period[31]. - The company did not recommend the payment of an interim dividend for the period[63]. - The company has adopted the corporate governance code as per the listing rules, ensuring accountability and transparency to shareholders[66]. - The board of directors has confirmed that all directors have complied with the standard code for securities trading during the period[67]. - The interim results for the group have been reviewed by the audit committee but remain unaudited[69]. Future Outlook - The company plans to diversify its business to mitigate risks associated with the challenging business environment influenced by global trade tensions and the COVID-19 pandemic[65]. - The company has not engaged in any significant acquisitions or disposals during the period[63]. - The board is not aware of any significant events that require disclosure after the reporting period[71]. - The interim report will be sent to shareholders and published on the company's website at an appropriate time[72].
高丰集团控股(02863) - 2022 Q2 - 季度业绩