Hopefluent : Interim Report 2021 (Eng)

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

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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

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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

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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

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