Financial Performance - Revenue for the six months ended December 31, 2023, was HK$237,162,000, representing a 23.4% increase from HK$192,147,000 in the same period of 2022[8]. - Gross profit for the same period was HK$15,174,000, slightly down from HK$15,710,000, indicating a gross margin decrease[8]. - Profit before taxation increased to HK$4,908,000, up 94.5% from HK$2,519,000 in the prior year[8]. - Profit for the period reached HK$4,580,000, a 106.4% increase compared to HK$2,224,000 in the previous year[8]. - Basic and diluted earnings per share improved to 0.89 HK cents, up from 0.46 HK cents in the same period last year[10]. - Total comprehensive income for the period was HK$4,751,000, compared to HK$1,755,000 in the prior year, reflecting a significant increase[10]. - The profit for the period was HK$4,783,000, compared to HK$2,488,000 for the same period last year, representing a year-over-year increase of 92.0%[15]. - The Company reported a total comprehensive income of HK$4,954,000 for the period, reflecting a significant increase from HK$2,019,000 in the previous year[15]. Expenses and Cost Management - Administrative expenses decreased to HK$10,991,000 from HK$12,131,000, showing a cost control improvement[8]. - Selling and marketing expenses rose to HK$1,744,000 from HK$1,349,000, indicating increased investment in marketing efforts[8]. - Staff costs, including directors' emoluments, rose to HK$127,578,000 for the six months ended December 31, 2023, up from HK$100,200,000 in 2022, reflecting a 27% increase[58]. - Selling, marketing, and administrative expenses increased slightly to approximately HK$12.7 million, down from approximately HK$13.5 million in 2022, mainly due to reduced general office expenses[151]. Assets and Liabilities - As of December 31, 2023, total assets amounted to HK$243,342,000, an increase of 8.6% from HK$224,023,000 as of June 30, 2023[13]. - Trade receivables increased significantly to HK$106,109,000, up 22.2% from HK$86,739,000 in the previous period[13]. - Current liabilities rose to HK$98,564,000, reflecting a 19.9% increase from HK$82,168,000[13]. - Net current assets improved to HK$144,778,000, a slight increase of 2.1% from HK$141,855,000[13]. - Total equity attributable to owners of the Company reached HK$204,252,000, up from HK$199,298,000, marking a growth of 2.0%[13]. - Cash and cash equivalents decreased to HK$83,811,000 from HK$90,313,000, a decline of 7.5%[13]. - The Group's total trade payables amounted to HK$33,909,000 as of December 31, 2023, compared to HK$23,982,000 as of June 30, 2023[95]. Cash Flow - For the six months ended December 31, 2023, the net cash used in operating activities was HK$378,000, a decrease from HK$7,286,000 in the same period of 2022[29]. - The net cash used in investing activities increased significantly to HK$6,199,000 from HK$114,000 year-on-year[29]. - The net cash used in financing activities was HK$33,000, compared to HK$1,043,000 in the previous year[29]. - Cash and cash equivalents at the end of the period were HK$83,811,000, slightly up from HK$81,316,000 at the end of the previous year[29]. Segment Performance - Service income from Environmental and Cleaning services increased to HK$236,063,000 for the six months ended December 31, 2023, up from HK$187,797,000 in 2022, marking a growth of 25.7%[47]. - Reportable segment profits from Environmental and Cleaning services were HK$2,536,000 for the six months ended December 31, 2023, down from HK$4,239,000 in 2022, indicating a decline of 40.2%[47]. - Interest income from Money Lending decreased to HK$1,099,000 for the six months ended December 31, 2023, down from HK$4,350,000 in 2022, a decline of 74.7%[47]. - The money lending business recognized an impairment loss of approximately HK$48 million due to borrowers defaulting on loans amid challenging economic conditions[120][123]. Corporate Governance - The company has complied with the Corporate Governance Code and GEM Listing Rules for the six months ended December 31, 2023, with some deviations noted[196]. - The company has established a code of conduct for securities transactions by directors, with no reported non-compliance during the reporting period[193]. - The roles of the Chairman and CEO are held by the same executive director, which deviates from the code provision A.2.1[199]. - The company believes that a balanced mechanism exists under the supervision of the board and independent non-executive directors to adequately represent shareholder interests[199]. Market Strategy and Outlook - The Group aims to strengthen its marketing efforts to expand market share in commercial and residential sectors, focusing on high-value customers to increase revenue through cross-selling services[141]. - The Group continues to adopt a cautious approach in its money lending strategies, focusing on borrowers with sound financial abilities to mitigate risks associated with economic downturns[143]. - The Group's investment strategy remains cautious, targeting only companies listed on the Stock Exchange with valuable prospects for future investments[144].
宝联控股(08201) - 2024 - 中期业绩