Financial Performance - Revenue decreased by approximately 59.3 million HKD or 23.5% to about 193.4 million HKD for the six months ended September 30, 2022, compared to approximately 252.7 million HKD for the same period in 2021[14]. - Profit before tax was 14.9 million HKD for the six months ended September 30, 2022, down from 38.0 million HKD in the prior year[6]. - Total comprehensive income for the period was 12.5 million HKD, a decrease from 30.2 million HKD in the previous year[6]. - Adjusted net profit excluding government subsidies was 9.6 million HKD, compared to 38.9 million HKD in the same period last year[6]. - Total profit and comprehensive income decreased by approximately HKD 17.7 million or 58.7% to about HKD 12.5 million for the six months ended September 30, 2022, with a net profit margin dropping from approximately 11.9% to 6.4%[25]. - Adjusted profit and comprehensive income for the six months ended September 30, 2022, was approximately HKD 9.6 million, a decrease of about 75.2% compared to approximately HKD 38.9 million for the same period in 2021[26]. - The company reported a profit of HKD 12,462,000 for the period, compared to HKD 30,160,000 in the previous year, reflecting a decrease of 58.7%[99]. - Basic earnings per share decreased to HKD 1.56 from HKD 3.77, reflecting a drop of 58.6%[94]. Revenue Breakdown - Revenue from the security services segment decreased by approximately HKD 56.9 million or 23.9% to about HKD 181.3 million for the six months ended September 30, 2022, primarily due to a reduction in manpower support services revenue[5]. - Facility management services revenue decreased by approximately HKD 2.5 million or 16.8% to about HKD 12.1 million for the six months ended September 30, 2022, mainly due to the termination of several property and parking management contracts[17]. - External revenue from security services was HKD 181,264,000, while facility management services generated HKD 12,146,000[115]. - The revenue from manpower support services decreased significantly to HKD 82,195,000 from HKD 144,883,000, a decline of 43.4%[108]. - The revenue from general security services increased to HKD 99,059,000, up from HKD 93,199,000, marking a growth of 6.0%[108]. Assets and Liabilities - Non-current assets increased to 10.98 million HKD as of September 30, 2022, from 8.23 million HKD as of March 31, 2022[7]. - Current assets decreased to 276.84 million HKD as of September 30, 2022, from 284.68 million HKD as of March 31, 2022[7]. - The current ratio was 3.2 as of September 30, 2022, compared to 3.6 in the previous year[9]. - Total assets as of September 30, 2022, were HKD 276,844,000, a slight decrease from HKD 284,678,000 as of March 31, 2022[96]. - Current liabilities decreased to HKD 85,726,000 from HKD 59,495,000, indicating an increase of 43.9%[96]. - The company's equity attributable to owners was HKD 202,021,000, down from HKD 232,759,000, a decrease of 13.2%[96]. - Total borrowings as of September 30, 2022, were HKD 1.0 million, down from HKD 2.3 million as of March 31, 2022, with a debt-to-equity ratio of 0.5%[27]. Cash Flow and Expenses - 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%[101]. - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (1,155,000), compared to HKD (6,389,000) in the same period of 2021, indicating an improvement in cash flow[101]. - Cash and bank balances as of September 30, 2022, were approximately HKD 115.0 million, a decrease of about HKD 2.1 million or 1.7% from HKD 117.1 million as of March 31, 2022[27]. - Employee benefits expenses decreased by approximately HKD 6.1 million or 3.8% to about HKD 152.2 million for the six months ended September 30, 2022[19]. - Sales and marketing expenses increased by approximately HKD 0.2 million or 20.2% to about HKD 0.9 million for the six months ended September 30, 2022, due to an increase in security personnel dispatched to the private sector[20]. Corporate Governance and Compliance - The company has adopted the corporate governance code as a basis for its governance practices since its listing date on March 7, 2022[73]. - The company has established an audit committee to oversee financial reporting and internal control systems, enhancing governance[84]. - The company has confirmed compliance with the corporate governance code during the six months ended September 30, 2022[74]. - The group successfully transitioned its shares from GEM to the main board, enhancing transparency and trust, and aims to expand its security services and facility management capabilities[45]. Strategic Plans and Future Outlook - The company continues to see growing demand for its security and facility management services despite the challenging economic environment[12]. - The company has maintained its focus on providing quality security services to its clients in Hong Kong, leveraging its established brand[12]. - The group plans to selectively seek strategic acquisitions and investment opportunities to become a leading integrated facility management service provider in Hong Kong[45]. - The company continues to focus on expanding its security and facility management services in Hong Kong[104]. Shareholder Information - International Everwin BVI holds 70.0% of the company's issued share capital, equivalent to 560,000,000 shares[57]. - The beneficial ownership of International Everwin BVI is controlled by Senye, which owns 33.33% of the shares[55]. - The company has multiple shareholders with spouse interests, each holding 70.0% of the shares[57]. - The company is subject to the Securities and Futures Ordinance, which governs the disclosure of shareholdings[55]. - The total number of issued shares as of September 30, 2022, is 800,000,000[59]. Dividends and Proceeds Utilization - 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[69]. - The total net proceeds from the GEM listing amounted to approximately HKD 32.0 million, with HKD 24.1 million already utilized by the reporting date[67]. - The company plans to utilize the remaining 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[68]. - The company has postponed the use of unutilized proceeds for purchasing machinery and equipment, IT upgrades, and control room establishment by 12 months due to the impact of the COVID-19 pandemic[67].
国际永胜集团(06663) - 2023 - 中期财报