The board of directors (the "Directors") of Hopefluent Group Holdings Limited (the "Company") is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2021, together with comparative figures for the corresponding period in 2020 as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the six months ended 30 June 2021
Six months ended 30 June | |||
2021 | 2020 | ||
HK$'000 | HK$'000 | ||
Notes | (unaudited) | (unaudited) | |
Revenue | 3 | 3,931,313 | 2,608,328 |
Other income | 23,481 | 12,125 | |
Selling expenses | (3,413,986) | (2,019,883) | |
Administrative expenses | (457,773) | (359,021) | |
Share of results of associates and a joint venture | 3,966 | 4,004 | |
Finance costs | 4 | (29,890) | (31,138) |
Profit before tax | 57,111 | 214,415 | |
Income tax expense | 5 | (15,173) | (53,860) |
Profit for the period | 6 | 41,938 | 160,555 |
Other comprehensive income/(expense)
for the period | |||
Items that may be reclassified to profit or loss: | |||
Exchange differences arising on translation to | |||
presentation currency | 21,665 | (79,924) | |
Total comprehensive income for the period | 63,603 | 80,631 | |
Hopefluent Group Holdings Limited | 1 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (Cont'd)
For the six months ended 30 June 2021
Six months ended 30 June | |||
2021 | 2020 | ||
HK$'000 | HK$'000 | ||
Notes | (unaudited) | (unaudited) | |
Profit for the period attributable to: | |||
- Owners of the Company | 32,799 | 72,351 | |
- Non-controlling interests | 9,139 | 88,204 | |
41,938 | 160,555 | ||
Total comprehensive income for the period | |||
attributable to: | |||
- Owners of the Company | 45,690 | 24,637 | |
- Non-controlling interests | 17,913 | 55,994 | |
63,603 | 80,631 | ||
Dividends | 7 | 3,371 | 16,854 |
Earnings per share | 8 | ||
- Basic and diluted | HK4.87 cents | HK10.73 cents | |
2 I n t e r i m R e p o r t 2 0 2 1
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 30 June 2021
30 June | 31 December | ||
2021 | 2020 | ||
HK$'000 | HK$'000 | ||
Notes | (unaudited) | (audited) | |
NON-CURRENT ASSETS | |||
Investment properties | 125,445 | 133,405 | |
Property, plant and equipment | 9 | 260,974 | 259,585 |
Right-of-use assets | 9 | 243,423 | 189,619 |
Goodwill | 10 | 213,399 | 213,399 |
Interests in associates and a joint venture | 27,676 | 26,606 | |
Loan receivables | 184,136 | 277,707 | |
Deposits and other receivables | - | 46,815 | |
Deferred tax assets | 19,202 | 21,871 | |
1,074,255 | 1,169,007 | ||
CURRENT ASSETS | |||
Accounts receivables | 11 | 1,990,953 | 1,833,137 |
Loan receivables | 657,584 | 453,099 | |
Deposits, other receivables and prepayments | 952,930 | 1,109,653 | |
Amount due from a joint venture | 16,675 | 16,576 | |
Amount due from an associate | 82 | 82 | |
Financial assets at fair value through | |||
profit or loss ("FVTPL") | 12 | 13,222 | 12,995 |
Bank balances and cash | 2,973,056 | 2,877,029 | |
6,604,502 | 6,302,571 | ||
CURRENT LIABILITIES | |||
Payables and accruals | 13 | 1,062,182 | 708,938 |
Contract liabilities | 923,810 | 1,061,333 | |
Lease liabilities | 60,288 | 43,355 | |
Tax liabilities | 136,088 | 145,392 | |
Bank and other borrowings | 212,420 | 421,546 | |
2,394,788 | 2,380,564 | ||
NET CURRENT ASSETS | 4,209,714 | 3,922,007 | |
TOTAL ASSETS LESS CURRENT LIABILITIES | 5,283,969 | 5,091,014 | |
Hopefluent Group Holdings Limited | 3 |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Cont'd)
At 30 June 2021
30 June | 31 December | ||
2021 | 2020 | ||
HK$'000 | HK$'000 | ||
Notes | (unaudited) | (audited) | |
CAPITAL AND RESERVES | |||
Share capital | 14 | 6,741 | 6,741 |
Share premium and reserves | 3,518,165 | 3,472,475 | |
Equity attributable to owners of the Company | 3,524,906 | 3,479,216 | |
Non-controlling interests | 1,351,626 | 1,333,713 | |
TOTAL EQUITY | 4,876,532 | 4,812,929 | |
NON-CURRENT LIABILITIES | |||
Lease liabilities | 177,838 | 138,394 | |
Deferred tax liabilities | 56,424 | 56,358 | |
Other borrowings | 173,175 | 83,333 | |
407,437 | 278,085 | ||
5,283,969 | 5,091,014 | ||
4 I n t e r i m R e p o r t 2 0 2 1