Financial Performance - The Joint Venture Group recorded unaudited turnover of approximately HK$62,573,000 for the six months ended 30 September 2021, a significant increase from approximately HK$8,946,000 for the same period in 2020, representing a growth of approximately 600%[8]. - The net profit after tax for the Joint Venture Group was approximately HK$10,737,000 for the six months ended 30 September 2021, compared to approximately HK$2,361,000 for the same period in 2020, reflecting an increase of approximately 354%[8]. - The Group recorded a turnover of approximately HK$111,791,000 for the period, representing a decrease of 13.1% compared to HK$128,648,000 for the six months ended 30 September 2020[16]. - Total revenue for the six months ended September 30, 2021, was HK$111,791,000, a decrease of 13.1% from HK$128,648,000 in the same period of 2020[100]. - The loss for the period from continuing operations was HK$11,892,000, compared to a loss of HK$12,062,000 in the same period of 2020[106]. - The total comprehensive loss for the period was HK$15,079,000, compared to HK$9,747,000 in the same period last year, indicating ongoing challenges[63]. - The loss for the period attributable to owners of the Company was HK$21,110,000 for the six months ended 30 September 2021, compared to HK$10,235,000 in the same period of 2020, representing a 106.4% increase in loss[156]. - The basic and diluted loss per share for the period was HK$0.7 cents, compared to HK$0.3 cents in the previous year, indicating a 133.3% increase in loss per share[156]. Business Operations - The Group's business is focused on commodities trading and daily cleaning, anti-epidemic, and other consumable products, aligning with its principle of "making life easier and benefiting people's livelihood"[6]. - The Group aims to explore new opportunities in the daily necessities market despite the ongoing challenges posed by the COVID-19 pandemic[13]. - The Group has continued to gain trust and recognition from clients globally, providing stable supply and quality products during the pandemic[13]. - The Group's daily cleaning and anti-epidemic products have contributed significantly to efforts against the pandemic, supporting clients in China and worldwide[13]. - The Group decided to discontinue its unconventional gas business to focus on commodities trading, daily cleaning, anti-epidemic products, and esmart digital services[149]. Financial Position - As at 30 September 2021, the Group's total current assets amounted to approximately HK$135,575,000, while total current liabilities were approximately HK$5,683,000, resulting in a current ratio of approximately 2.4 times[36]. - The Group's gearing ratio as at 30 September 2021 was approximately 38.5%, down from approximately 42.9% as of 31 March 2021[36]. - The Group had capital commitments of approximately HK$184,220,000 as at 30 September 2021, compared to approximately HK$181,103,000 as of 31 March 2021[39]. - The total assets less current liabilities stood at HK$91,949,000, an increase from HK$88,381,000 in the previous audited period[65]. - The total liabilities of the Group as of September 30, 2021, were HK$75,053,000, compared to HK$53,429,000 as of March 31, 2021[30]. Cash Flow - For the period ended 30 September 2021, the Group had a net cash outflow from operating activities of approximately HK$8,567,000, compared to a net cash outflow of approximately HK$5,194,000 for the same period in 2020[36]. - Cash and cash equivalents at the end of the period were HK$11,865,000, down from HK$13,251,000 in the previous year[75]. - The company experienced a net cash inflow from investing activities of HK$123,000 for the six months ended September 30, 2021, compared to HK$19,000 in 2020[75]. - Financing activities resulted in a net cash inflow of HK$7,085,000 for the six months ended September 30, 2021, compared to a net outflow of HK$(307,000) in 2020[75]. Shareholder Information - The substantial shareholders of the Company hold approximately 10.79%, 7.57%, and 6.29% of the issued ordinary share capital respectively[1]. - The Board did not recommend payment of an interim dividend for the six months ended 30 September 2021, consistent with the previous year[35]. - No interim dividend was recommended for the six months ended 30 September 2021, consistent with the previous period[37]. Employee and Corporate Structure - The Group had a total of 44 employees as at 30 September 2021, an increase from 43 employees as of 30 September 2020[43]. - The principal place of business is located in Hong Kong, with a registered office in the Cayman Islands[3]. - The Group's principal activity is investment holding, with subsidiaries engaged in various trading and consumer product businesses[1]. Accounting and Compliance - The unaudited condensed consolidated interim financial statements for the six months ended 30 September 2021 have been prepared in accordance with HKAS 34 and are presented in Hong Kong dollars, rounded to the nearest thousand (HK$'000)[2]. - The accounting policies and methods of computation used in the interim financial statements are consistent with those presented in the Group's annual financial statements for the year ended 31 March 2021[82]. - The adoption of amended standards did not have a significant impact on the Group's accounting policies and did not require any adjustments[85]. - The Group is in the process of assessing the impact of new and amended standards that have been issued but are not yet effective[97]. Legal and Contingent Liabilities - The Group did not have any material contingent liabilities as at 30 September 2021[42]. - The Group currently has no foreign exchange rate hedging policy but monitors exchange rate exposure regularly[41].
易生活控股(00223) - 2022 - 中期财报