Financial Statements And Related Announcement - Half Yearly Results

C O N T E N T S

Pages

Condensed Consolidated Statement of Profit or Loss

1

Condensed Consolidated Statement of Profit or Loss

and Other Comprehensive Income

2

Condensed Statements of Financial Position

3

Condensed Statement of Changes in Equity

4

- 5

Condensed Consolidated Statement of Cash Flows

6

- 7

Notes to the Condensed Interim Financial Statements

8 - 19

Other Information Required by Listing Rule Appendix 7.2

20

- 26

(Unaudited)

Six months ended 30 June

Increase/

Notes

2021

2020

(Decrease)

HK$'000

HK$'000

%

Revenue

5

599,873

491,886

21.95

Cost of sales

(556,689)

(462,077)

20.48

Gross profit

43,184

29,809

44.87

Other income and gains

28,595

20,692

38.19

Selling and distribution expenses

(6,871)

(5,202)

32.08

Administrative expenses

(40,552)

(26,189)

54.84

Profit from operations

24,356

19,110

27.45

Finance costs

7.1

(7,173)

(10,969)

(34.61)

Profit before tax

7.1

17,183

8,141

111.07

Income tax credit/(expense)

8

217

(513)

142.30

Profit for the period, net of tax

17,400

7,628

128.11

Profit for the period attributable to:

17,400

Owners of the Company

7,628

128.11

Earnings per share

10

53.82

Basic earnings per share (HK cents)

23.60

128.05

(Unaudited)

Six months ended 30 June

Increase/

2021

2020

(Decrease)

HK$'000

HK$'000

%

Profit for the period, net of tax

17,400

7,628

128.11

Other comprehensive income:

Items that may be reclassified subsequently to

profit or loss:

Exchange differences on translating foreign

4,109

operations

(4,103)

200.15

Other comprehensive income for the period,

net of tax

4,109

(4,103)

200.15

Total comprehensive income for the period

21,509

3,525

510.18

Total comprehensive income for the period

attributable to:

21,509

Owners of the Company

3,525

510.18

Notes

Group

Company

30 June

31 December

30 June

31 December

2021

2020

2021

2020

HK$'000

HK$'000

HK$'000

HK$'000

ASSETS

(Unaudited)

(Audited)

(Unaudited)

(Audited)

Non-current assets

436,527

-

Property, plant and equipment

13

400,830

-

Right-of-use assets

59,662

66,557

-

-

Financial assets at fair value through other

214

-

comprehensive income ("FVTOCI")

214

-

Investments in subsidiaries

-

-

457,402

457,402

Goodwill

1,927

1,927

-

-

Total non-current assets

498,330

469,528

457,402

457,402

Current assets

Current tax assets

-

984

-

-

Contract assets

14

435,651

418,017

-

-

Inventories

124,463

131,786

-

-

Trade and bills receivables

15

168,371

212,380

-

-

Prepayments, deposits and other receivables

199,546

186,415

8,833

8,833

Financial assets at fair value through profit

116,654

-

-

or loss ("FVTPL")

12

120,263

Bank and cash balances

66,528

57,155

1,213

1,213

Total current assets

1,111,213

1,127,000

10,046

10,046

Total assets

1,609,543

1,596,528

467,448

467,448

LIABILITIES AND EQUITY

Non-current liabilities

11,250

-

Borrowings

16

27,750

-

Lease liabilities

29,346

35,676

-

-

Deferred tax liabilities

2,650

2,650

-

-

Total non-current liabilities

43,246

66,076

-

-

Current liabilities

10,969

-

Current tax liabilities

13,481

-

Trade and bills payables

207,078

188,030

-

-

Amounts due to subsidiaries

-

-

17,049

17,049

Accruals and other payables

235,374

227,322

-

-

Lease liabilities

16,759

13,050

-

-

Borrowings

16

370,876

384,125

-

-

Financial guarantees

713

1,425

13,234

13,945

Dividend payables

16,556

7,066

16,556

7,066

Total current liabilities

858,325

834,499

46,839

38,060

Total liabilities

901,571

900,575

46,839

38,060

Equity attributable to owners of the

Company

242,456

242,456

Share capital

17

242,456

242,456

Reserves

465,516

453,497

178,153

186,932

Total equity

707,972

695,953

420,609

429,388

Total liabilities and equity

1,609,543

1,596,528

467,448

467,448