Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 278,995,000, a decrease of 13.1% from HKD 320,863,000 in 2021[3] - Total profit for the period was HKD 141,252,000, down 14.2% from HKD 164,709,000 in the previous year[3] - The company reported a loss attributable to equity holders of HKD 132,946,000, compared to a profit of HKD 167,779,000 in 2021, representing a significant decline[3] - The basic and diluted loss per share for the period was HKD (1.45), compared to earnings of HKD 1.83 per share in 2021[3] - The company reported a net loss before tax of HKD (128,090,000), compared to a profit before tax of HKD 156,111,000 in the previous year[3] - Total comprehensive income for the period amounted to a loss of HKD 170,240 thousand, significantly down from a profit of HKD 97,669 thousand in the same period last year[17] - The group reported a pre-tax loss of HKD 128,090,000 for the period[31] - The food business segment generated revenue of HKD 254 million, down from HKD 294 million in 2021, with increased losses of HKD 67 million compared to HKD 37 million in the previous year[114] Assets and Liabilities - The company's total assets decreased to HKD 3,720,972,000 from HKD 4,261,941,000, reflecting a decline of 12.7%[12] - Total assets as of June 30, 2022, amounted to HKD 4,685,439, a decrease from HKD 5,004,747 as of December 31, 2021[38] - The company reported a total liability of HKD 1,442,614 as of June 30, 2022[38] - The company’s non-current liabilities decreased to HKD 478,147,000 from HKD 799,976,000, indicating a reduction of 40.2%[12] - Total liabilities decreased to HKD 1.4 billion as of June 30, 2022, from HKD 1.5 billion on December 31, 2021[140] Cash Flow and Investments - Cash and cash equivalents as of June 30, 2022, were HKD 596,193,000, down from HKD 783,321,000 at the end of 2021, a decrease of 23.9%[11] - Cash flow from operating activities showed a net outflow of HKD 101,855 thousand, a decline from a net inflow of HKD 33,336 thousand in the previous year[19] - The company incurred a net cash outflow from investing activities of HKD 15,891 thousand, slightly improved from HKD 16,040 thousand in the prior year[19] - Financing activities resulted in a net cash outflow of HKD 63,218 thousand, a significant decrease from HKD 320,364 thousand in the previous year[19] Segment Performance - The property investment segment reported a loss of HKD 6,439,000, while the food business segment incurred a loss of HKD 66,862,000[31] - The healthcare services segment recorded a loss of HKD 920,000, and the securities investment segment had a significant loss of HKD 19,922,000[31] - The food business generated revenue of HKD 125,123, down from HKD 152,841, reflecting a decline of 18.2%[38] - The healthcare services reported a loss of HKD 37,273, compared to a profit of HKD 210,499 in the previous period[38] Dividends and Shareholder Information - The company declared a dividend of HKD 41,341 thousand for the year-end 2021, compared to HKD 50,528 thousand in the previous year[19] - The interim dividend declared is HKD 0.35 per share, totaling HKD 32,154,000 for the six months ended June 30, 2022, compared to no dividend in 2021[66] - The company reported a total of 9,186,912,716 issued and fully paid ordinary shares as of June 30, 2022, unchanged from December 31, 2021[79] Economic and Market Conditions - The company faced significant operational challenges due to the ongoing pandemic and inflationary pressures affecting input costs[114] - The overall economic environment remains challenging, influenced by the ongoing Russia-Ukraine conflict and inflationary pressures[110] - The company anticipates a challenging operating environment in the second half of 2022 due to rising inflation and tightening monetary policies by major central banks[149] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors and one non-executive director[184] - The board believes that good corporate governance practices are increasingly important for maintaining and enhancing investor confidence[187] - The company has complied with the corporate governance code as set out in the Listing Rules during the six months ended June 30, 2022[187]

Financial Performance - The company recorded a consolidated profit attributable to shareholders of HKD 49 million for the year ended December 31, 2021, compared to a consolidated loss of HKD 12 million for the previous nine-month period [5]. - Total revenue for the year was HKD 649 million, an increase from HKD 492 million in 2020, with the food business accounting for 92% of total revenue [13]. - Other operating expenses for the year amounted to HKD 150 million, up from HKD 140 million in 2020 [13]. - The food business segment recorded revenue of HKD 596 million for the year, up from HKD 446 million in 2020, primarily driven by retail operations in coffee shops and restaurants [15]. - The food manufacturing business faced challenges due to COVID-19 restrictions, leading to an increase in segment losses to HKD 67 million, compared to HKD 23 million in 2020 [15]. - Property investment segment revenue totaled HKD 22 million, an increase from HKD 17 million in 2020, with a reduction in fair value losses to HKD 7 million from HKD 61 million in the previous year [17]. - Financial and securities investment segment recorded total income of HKD 19 million, consistent with 2020, while net fair value gains from securities investments increased to HKD 218 million from HKD 128 million [19]. - The financial and securities investment segment achieved a net profit of HKD 215 million, up from HKD 138 million in 2020 [19]. - The group recorded a fair value gain of HKD 43,000,000 from its investment in Ascapia, primarily driven by strong performance in the non-essential consumer goods sector [26]. - The fair value of long-term strategic stock investments as of December 31, 2021, was HKD 79,000,000, down from HKD 103,000,000 in 2020, with a net fair value loss of HKD 52,000,000 for the year [28]. Investments and Acquisitions - Healthway Medical Corporation Limited, a joint venture, acquired a chain of nine clinics, becoming the largest chain of outpatient clinics in Singapore [6]. - The company achieved significant fair value gains from its investments in listed securities and non-listed investment funds, benefiting from the growth in technology-related consumption and healthcare sectors [6]. - The investment in Quantedge had a fair value of HKD 85 million, representing 7.5% of the financial assets at fair value, with a net fair value gain of HKD 14 million for the year [24]. - The investment in GSH had a fair value of HKD 79 million, with an unrealized fair value loss of HKD 7 million for the year [25]. - Healthway Medical Corporation's revenue significantly increased, leading to a higher attributable profit of HKD 25,000,000 for the group in 2021, compared to HKD 7,000,000 in 2020 [31]. - The group's equity in Healthway was valued at HKD 443,000,000 as of December 31, 2021, an increase from HKD 431,000,000 in 2020 [31]. - HMC Group expanded its operations by acquiring a chain of 9 clinics to meet the growing demand for primary healthcare services in Singapore [33]. Dividends and Shareholder Returns - The board proposed a final cash dividend of HKD 0.45 per share for the year [9]. - The proposed final dividend for the year is HKD 0.45 per share, totaling approximately HKD 41,300,000, compared to HKD 0.35 per share and approximately HKD 32,200,000 in the previous year [47]. - As of December 31, 2021, the distributable reserves of the company amounted to HKD 206,868,000 [59]. Operational Challenges and Outlook - The company is prepared to seize opportunities as global economic activities and international tourism improve, while remaining vigilant to operational risks such as geopolitical conflicts and supply chain disruptions [8]. - The group expects economic growth in 2022 to be lower than previously anticipated due to rising energy prices and supply chain disruptions [41]. - The company plans to continue focusing on its food retail and manufacturing businesses despite ongoing challenges from the pandemic [16]. Employee and Management Information - Employee costs for the year, including director remuneration, were HKD 315,000,000, an increase from HKD 218,000,000 in the previous year [40]. - The group had 787 full-time employees as of December 31, 2021, down from 945 full-time employees a year earlier [40]. - The company has a strong management team with extensive experience in finance and corporate governance [70][72][74][75]. - The company emphasizes the importance of market-level compensation for its directors and executives [78]. - The company has a structured approach to determining director compensation based on market standards and responsibilities [78]. Corporate Governance and Compliance - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, affirming their status as independent individuals [67]. - The company’s board members and CEO have disclosed their interests in the company and its affiliates, with specific shareholdings detailed in the report [84]. - The company’s governance and compliance with the Hong Kong Stock Exchange listing rules are highlighted in the report [84]. - The board consists of seven members, including three executive directors and four non-executive directors, with a majority being independent [147]. - The company has maintained sufficient public float as per the Hong Kong Stock Exchange listing rules [140]. - The company has established a comprehensive employment management system to ensure a fair, safe, healthy, and diverse work environment [138]. - The board has taken measures to closely monitor and enhance its corporate governance practices to comply with the relevant codes [143]. Risk Management - The group has identified key risks and uncertainties that may impact its financial condition and operational performance, detailed in the risk management report [135]. - The board is responsible for maintaining effective risk management and internal control systems, with annual reviews conducted to assess their effectiveness [177]. - The internal audit department, established in 2007, evaluates the effectiveness of internal controls and risk management processes [179]. - The group aims to achieve informed decision-making based on business objectives and risk appetite [195]. - The group has established a systematic approach to identify risks and ensure compliance with relevant laws and regulations [195]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainable development and resource optimization in its operations [138]. - The company aims to enhance its environmental, social, and governance performance over time [138]. - The company has adopted whistleblowing and anti-corruption policies to promote ethical conduct within the organization [177]. - The company encourages directors to participate in professional training and seminars to enhance their knowledge and skills [171].

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 320,863,000, a slight decrease of 1.0% compared to HKD 325,190,000 for the same period in 2020[3]. - Total profit for the period was HKD 152,762,000, a significant recovery from a loss of HKD 55,370,000 in the previous year[3]. - Basic and diluted earnings per share for the equity holders of the company was HKD 1.83, compared to a loss per share of HKD 0.41 in the prior year[3]. - For the six months ended June 30, 2021, the company reported a total comprehensive income of HKD 3,189,073 thousand, compared to HKD 3,164,501 thousand for the same period in 2020, representing an increase of 0.77%[14]. - The company reported a net loss of HKD 193,319 thousand for the period, compared to a net loss of HKD 133,018 thousand in the previous year, indicating a worsening of 45.3%[14]. - The company recorded a net profit attributable to shareholders of HKD 168 million for the six months ended June 30, 2021, compared to a net loss of HKD 38 million in the same period of 2020[108]. Assets and Liabilities - Non-current assets totaled HKD 3,411,719,000 as of June 30, 2021, an increase from HKD 3,351,912,000 at the end of 2020[10]. - Current assets decreased to HKD 1,560,284,000 from HKD 1,897,281,000 at the end of 2020, primarily due to a reduction in cash and cash equivalents[10]. - Total liabilities decreased to HKD 1,445,285,000 from HKD 1,839,250,000, indicating improved financial stability[11]. - The company's net asset value increased to HKD 3,526,718,000 from HKD 3,482,143,000, reflecting a positive trend in equity[11]. - The company’s total assets amounted to HKD 4,972,003,000 as of June 30, 2021, compared to HKD 5,249,193,000 as of December 31, 2020[48]. - The total liabilities as of June 30, 2021, were HKD 1,445,285,000, a decrease from HKD 1,767,050,000 as of December 31, 2020[48]. Cash Flow and Investments - Cash flow from operating activities for the six months ended June 30, 2021, was HKD 33,336 thousand, a significant improvement from a cash outflow of HKD 9,259 thousand in the same period of 2020[18]. - The company incurred cash outflows of HKD 16,040 thousand from investing activities, a decrease from HKD 110,000 thousand in the previous year, indicating a reduction in capital expenditures[18]. - The company reported cash inflows from financing activities of HKD 40,000 thousand, a decrease from HKD 617,421 thousand in the previous year, indicating a reduction in financing activities[18]. - The company’s financial assets measured at fair value through other comprehensive income amounted to HKD 1,169,752,000 as of June 30, 2021, compared to HKD 1,033,100,000 at the end of 2020, reflecting a growth of 13.2%[85]. - The company recorded a net fair value loss of HKD 61,000,000 for investments classified under other comprehensive income, primarily due to losses from eBroker[127]. Segment Performance - The property investment segment reported a profit of HKD 7,019,000, while the food business segment incurred a loss of HKD 37,273,000 for the same period[39]. - The healthcare services segment reported a loss of HKD 385,000, while the securities investment segment generated a profit of HKD 210,499,000[39]. - Revenue from customer contracts amounted to HKD 292,013,000, with food and beverage sales contributing HKD 139,172,000, up from HKD 119,706,000 in 2020[48]. - The food manufacturing and retail business faced challenges due to COVID-19 restrictions, resulting in a segment loss of HKD 37 million, up from HKD 4 million in 2020[112]. Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[4]. - The company plans to continue expanding its market presence in Hong Kong and Singapore, with a focus on enhancing service offerings[48]. - The company is actively pursuing new product development and technological advancements to improve operational efficiency and customer satisfaction[48]. - The company has outlined a future outlook with a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[185]. - A strategic acquisition is in progress, expected to enhance the company's capabilities and broaden its product offerings[185]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors and one non-executive director to review accounting principles and financial reporting matters[177]. - The board of directors believes that the company has complied with the corporate governance code as set out in the Hong Kong Stock Exchange Listing Rules during the reporting period[178]. - The company is committed to high-quality corporate governance practices to enhance investor confidence[178]. Shareholder Information - The major shareholder, First Tower Corporation, holds approximately 74.98% of the company's issued shares, equating to 6,890,184,389 ordinary shares[174]. - The company’s CEO and directors have significant holdings, with Dr. Li holding 6,890,184,389 shares, which is 74.99% of the company[151]. - The total equity held by the directors and CEO in the company and its affiliates is significant, with various percentages of ownership across different entities[158].

Financial Performance - The company recorded a consolidated loss attributable to shareholders of approximately HKD 12 million for the nine months ended December 31, 2020, compared to a consolidated loss of HKD 361 million for the year ended March 31, 2020[7]. - Revenue for the period decreased to HKD 492 million, down from HKD 856 million for the year ended March 31, 2020, primarily due to the impact of COVID-19 control measures and the sale of the catering business in October 2019[14]. - The food business remained the main revenue source, accounting for 91% of total revenue during the period, compared to 92% for the year ended March 31, 2020[14]. - Other operating expenses for the period were HKD 140 million, a decrease from HKD 183 million for the year ended March 31, 2020[14]. - The food business segment recorded revenue of HKD 446 million, a significant decrease from HKD 785 million for the year ended March 31, 2020, primarily due to the sale of the dining center business and the adverse impact of the COVID-19 pandemic[16]. - The food business segment incurred a loss of HKD 23 million during the period, compared to a profit of HKD 278 million for the year ended March 31, 2020, which included a gain from the sale of subsidiaries of HKD 343 million[16]. - Rental income from property investments decreased to HKD 17 million, down from HKD 29 million for the year ended March 31, 2020, due to a decline in occupancy rates amid economic downturn[18]. - The fair value loss on investment properties was HKD 61 million, compared to a loss of HKD 95 million for the year ended March 31, 2020, primarily due to a downturn in the Hong Kong property market[18]. - The financial and securities investment segment recorded total income of HKD 19 million, down from HKD 31 million for the year ended March 31, 2020, mainly from dividend income[20]. - The net fair value gain from securities investments was HKD 128 million, a significant improvement from a loss of HKD 155 million for the year ended March 31, 2020[20]. - The financial and securities investment segment reported a net profit of HKD 138 million, compared to a loss of HKD 129 million for the year ended March 31, 2020[20]. - As of December 31, 2020, the total assets of the group amounted to HKD 5,200,000,000, an increase from HKD 5,000,000,000 as of March 31, 2020[37]. - The total liabilities increased to HKD 1,800,000,000 as of December 31, 2020, compared to HKD 1,400,000,000 as of March 31, 2020[37]. - The current ratio improved to 2.1 as of December 31, 2020, up from 1.6 as of March 31, 2020[37]. - As of December 31, 2020, the equity attributable to shareholders was HKD 3,100,000,000, unchanged from HKD 3,200,000,000 as of March 31, 2020[40]. - The capital debt ratio was 33.2% as of December 31, 2020, compared to 23.1% as of March 31, 2020[40]. Dividends and Shareholder Returns - The board has proposed a final cash dividend of HKD 0.35 per share, bringing the total dividend for the period to HKD 0.55 per share[9]. - The interim dividend for the six months ended September 30, 2020, was HK$0.2 per share, consistent with the previous year[49]. - The proposed final dividend for the period is HK$0.35 per share, down from HK$0.5 per share in the previous year, totaling approximately HK$32.2 million[49]. - The total dividend for the period will amount to HK$0.55 per share, compared to HK$1 per share for the previous year, totaling approximately HK$50.5 million[49]. - The company's distributable reserves as of December 31, 2020, were HK$222.96 million[61]. Business Strategy and Operations - The company introduced new brands "Chatterbox Café" and "Chatterbox Express" to diversify its offerings amid challenging operating conditions[5]. - The company plans to maintain a cautious approach in managing funds and expenditures while seeking new business opportunities due to ongoing uncertainties from the pandemic[6]. - The group maintains a cautious outlook on business prospects due to global economic recovery uncertainties and geopolitical tensions[44]. - The group is focused on diversifying its business and seeking attractive investment opportunities to enhance and expand its operations[45]. - The company is involved in property investment and development through its subsidiaries, including Hongkong Chinese Limited[101]. - The company continues to explore business opportunities in Hong Kong and other Asian regions that may compete with its operations[101]. - The company has adjusted its fiscal year-end from March 31 to December 31 to align with the new financial reporting period[114]. Corporate Governance - The company has established a compensation committee and a nomination committee, with members from the board[70]. - The company’s board consists of independent non-executive directors who are also members of various committees[74]. - The company has a diverse board with members having extensive legal and financial backgrounds[74]. - The company emphasizes the importance of corporate governance and has established clear guidelines for board member nominations and evaluations[166]. - The board consists of seven members, including three executive directors and four non-executive directors, with three independent non-executive directors[150]. - The board held seven meetings during the period to review financial and operational performance and to formulate future strategies[156]. - The company is committed to high-quality corporate governance practices to enhance investor confidence[146]. - The board regularly reviews its corporate governance practices to align with legal and professional standards[146]. - The company has established a risk management and internal control system, which is reviewed annually for effectiveness[181]. - The company has adopted an insider information policy to ensure timely and fair disclosure of inside information to the public[181]. - The company has implemented a whistleblowing policy and anti-corruption policy to ensure compliance with applicable laws and regulations[181]. Employee and Management Information - The group had 945 full-time employees as of December 31, 2020, down from 965 as of March 31, 2020[42]. - Employee costs for the period amounted to HKD 218,000,000, a decrease from HKD 379,000,000 for the year ended March 31, 2020[42]. - The total remuneration paid to directors during the period was HKD 184,500, with additional fees for non-executive directors serving on committees amounting to HKD 61,200 for chairpersons and HKD 39,600 for members[81]. - The company encourages directors to participate in professional training and seminars to enhance their knowledge and skills related to their duties[173]. Investments and Financial Assets - The Group's holdings in GSH Corporation Limited had a fair value of HKD 86 million, representing approximately 8.3% of the total financial assets at fair value[24]. - The Group received dividend income of HKD 1 million from GSH during the period, with expectations of continued negative impacts on GSH's hotel business due to the COVID-19 pandemic[24]. - As of December 31, 2020, the fair value of the Group's investment in Quantedge was HKD 70,000,000, representing approximately 6.8% and 1.3% of the Group's total financial assets at fair value and total assets, respectively[25]. - The Group recorded an unrealized fair value gain of HKD 24,000,000 during the period, primarily from global equity returns focused on US technology stocks[25]. - The fair value of the Group's investment in LPKR was HKD 60,000,000 as of December 31, 2020, accounting for about 5.8% and 1.1% of the Group's total financial assets at fair value and total assets, respectively[26]. - The Group's investments classified as financial assets at fair value through other comprehensive income had a fair value of HKD 103,000,000 as of December 31, 2020, down from HKD 106,000,000 as of March 31, 2020, with an unrealized fair value loss of HKD 7,000,000 during the period[28]. - The Group's investment in eBroker had a carrying value of HKD 77,000,000 as of December 31, 2020, representing approximately 75% of the Group's total financial assets at fair value through other comprehensive income[29]. - The Group's share of profit from Healthway Medical Corporation Limited was HKD 7,000,000 for the period, compared to a loss of HKD 4,000,000 for the year ended March 31, 2020[33]. - The Group recorded a profit of HKD 25,000,000 from its investment in TIH Limited during the period, a significant improvement from a loss of HKD 38,000,000 for the year ended March 31, 2020[34]. - The Group's investment strategy in TIH focuses on identifying long-term investment opportunities in special situations and non-core secondary assets[34]. Franchise and Business Expansion - The Maxx Coffee franchise agreement grants exclusive rights to operate under the "Maxx Coffee" brand in Singapore for an initial period of 10 years[110]. - The franchise fee structure includes 2.5% of monthly net sales for 2020, increasing to 4% from January 2023 onwards[111]. - The estimated annual cap for transactions under the Maxx Coffee franchise agreement is HKD 4,300,000, comprising HKD 1,300,000 in franchise fees and HKD 3,000,000 in procurement costs[114]. - A new lease agreement for Serene Yield with LCR Catering has a monthly rent of HKD 352,700, with a total revised annual cap of HKD 411,000[116]. - The Chatterbox franchise agreement allows for the operation of "Chatterbox Café" and "Chatterbox Express" restaurants, with an initial term of 7 years starting January 2021[119]. - Chatterbox franchise fees are set at 2.5% of net income for 2021, increasing to 4% by 2024[120]. - The company is committed to providing ongoing training and support to franchisees under both the Maxx Coffee and Chatterbox agreements[114][121]. - The franchise agreements are part of the company's strategy to expand its food retail business in Singapore and Hong Kong[114][119]. Risk Management and Compliance - The company has established a risk management and internal control system, which is reviewed annually for effectiveness[181]. - The company has integrated ESG risks into its risk management framework as of December 31, 2020, reflecting the increasing importance of environmental, social, and governance factors[198]. - The risk management framework is based on ISO 31000 and COSO guidelines, consisting of risk management strategy, governance structure, and management processes[198]. - The internal audit department, established in 2007, ensures the effectiveness of internal controls and compliance with various standards and policies[183]. - The company has conducted a review of its internal audit function and resources, ensuring they are adequate for financial reporting[182].

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 325,190,000, a decrease of 34% compared to HKD 493,583,000 in 2019[5] - Total profit for the period was HKD 180,187,000, down from HKD 349,822,000 in the previous year, reflecting a decline of 48.5%[5] - The company reported a net loss of HKD 55,370,000 for the period, compared to a loss of HKD 105,426,000 in 2019, indicating an improvement of 47.5%[5] - Other income increased to HKD 30,336,000 from HKD 19,194,000, representing a growth of 58%[5] - The fair value loss on investment properties was HKD 48,791,000, reduced from HKD 71,859,000 in the previous year, showing a decrease of 32%[5] - The basic and diluted loss per share was HKD 0.41, an improvement from HKD 1.19 in the previous year[5] - The company reported a total comprehensive income/(loss) of (2,490) thousand HKD for the period, compared to (1,602) thousand HKD in the previous year[18] - The company reported a pre-tax loss of HKD 50,375,000, reflecting challenges in various segments compared to the previous year's performance[40] - The company recorded a consolidated loss attributable to shareholders of approximately HKD 38 million for the six months ended September 30, 2020, compared to a loss of HKD 109 million for the same period in 2019[106] Assets and Liabilities - Non-current assets totaled HKD 3,263,053,000 as of September 30, 2020, compared to HKD 3,137,013,000 as of March 31, 2020, reflecting an increase of 4%[12] - Current assets amounted to HKD 1,843,621,000, up from HKD 1,815,966,000, indicating a slight increase of 1.5%[12] - The company's total liabilities decreased to HKD 849,387,000 from HKD 283,687,000, a significant reduction of 70%[13] - The equity attributable to the company's shareholders was HKD 3,446,722,000, down from HKD 3,524,310,000, a decrease of 2.2%[13] - As of September 30, 2020, the total assets amounted to 3,088,515 thousand HKD, with total equity of 3,446,722 thousand HKD[18] - The company's total liabilities increased to HKD 1,659,952 as of September 30, 2020, compared to HKD 1,428,669 as of March 31, 2020, showing an increase of about 16.1%[43] - The company's total liabilities increased to HKD 1,659,952 as of September 30, 2020, with a significant portion attributed to unallocated liabilities of HKD 827,912[43] Cash Flow - The net cash outflow from operating activities was (9,259) thousand HKD, a significant improvement from (155,756) thousand HKD in the same period last year[19] - The company incurred a net cash outflow from investing activities of (110,000) thousand HKD, compared to (50,601) thousand HKD in the previous year[19] - The financing activities generated a net cash inflow of 159,182 thousand HKD, contrasting with a net cash outflow of (1,389,452) thousand HKD in the same period last year[19] - The cash and cash equivalents increased by 39,923 thousand HKD, compared to a decrease of (1,595,809) thousand HKD in the previous year[19] Business Segments - The company operates through several business segments, including property investment, financial investment, securities investment, food business, and healthcare services[30] - The performance of each operating segment is monitored separately, with evaluations based on reported segment profit or loss[30] - The property investment segment reported a loss of HKD 60,561,000, while the food business generated revenue of HKD 289,742,000, indicating a significant contribution to overall revenue despite the losses in other segments[40] - The healthcare services segment incurred a loss of HKD 1,344,000, highlighting the impact of market conditions on this area[40] - The financial investment segment generated a profit of HKD 52,309,000, indicating some resilience in this area amidst broader challenges[40] Dividends and Shareholder Information - The company declared and paid dividends of (73,496) thousand HKD to shareholders, down from (229,673) thousand HKD in the previous year[19] - The company declared an interim dividend of HKD 0.2 per ordinary share, totaling HKD 18,374,000, unchanged from the previous year[63] - The interim dividend will be paid on January 22, 2021, to shareholders listed as of January 8, 2021[156] - The company will suspend share transfer registration from January 6 to January 8, 2021, to facilitate dividend eligibility[157] Corporate Governance - The audit committee consists of three independent non-executive directors and one non-executive director, overseeing the financial reporting process[187] - The company is committed to high-quality corporate governance practices to enhance investor confidence[188] - The board believes that the company has complied with the corporate governance code as of September 30, 2020[188] - The company has adopted the standard code for securities transactions by directors as per the Hong Kong Stock Exchange regulations[189] Economic Outlook and Strategy - The global economic recovery is faster than expected, but uncertainties remain due to the COVID-19 pandemic and geopolitical issues[151] - The company aims to enhance financial resilience and pursue suitable business opportunities to increase shareholder value[151] - The company is committed to mitigating adverse operational impacts while strategizing for long-term sustainable growth[151] - The company is actively seeking opportunities for market expansion and potential acquisitions to enhance its business portfolio[151]

Financial Performance - The company recorded a consolidated loss attributable to shareholders of approximately HKD 361 million for the year ended March 31, 2020, compared to a loss of HKD 78 million for the year ended March 31, 2019[11]. - Revenue decreased to HKD 856 million for the year, down from HKD 2,485 million in 2019, primarily due to the sale of food distribution and dining center businesses[11]. - The food business remained the main revenue source, accounting for 92% of total revenue in the current year, down from 96% in the previous year[11]. - Other operating expenses decreased to HKD 183 million from HKD 394 million in 2019, primarily due to the completion of the sale of the food distribution and dining center businesses[12]. - The food business segment recorded revenue of HKD 785 million, a significant drop from HKD 2,397 million in 2019, mainly due to the sale of the food distribution and dining center businesses[13]. - The food business segment reported a profit of HKD 278 million, down from HKD 975 million in 2019, influenced by the sale of subsidiaries and a non-recurring gain of HKD 287 million from the sale of FJM Group[13]. - The total assets of the food business segment decreased to HKD 851 million from HKD 2,320 million in 2019, while liabilities slightly decreased to HKD 479 million from HKD 490 million[14]. - The property investment segment's total revenue was HKD 29 million, down from HKD 35 million in 2019, with a net fair value loss of HKD 95 million due to market downturns[16]. - The financial and securities investment segment recorded total income of HKD 31 million, down from HKD 45 million in 2019, with a net loss of HKD 129 million compared to a loss of HKD 170 million in the previous year[17]. - The total value of financial assets at fair value was HKD 827,948,000, with a net loss of HKD 156,870,000 for the year ended March 31, 2020[20]. Dividends and Shareholder Returns - The company proposed a final cash dividend of HKD 0.5 per share and a special final cash dividend of HKD 0.3 per share, totaling HKD 1 per share for the year[7]. - The total dividend for the year will be HKD 91.9 million, down from HKD 248 million in the previous year, with a total dividend per share of HKD 1.0 compared to HKD 2.7[44]. - The company aims to provide stable and sustainable returns to shareholders through a progressive dividend policy, which was approved in January 2019[158]. - The board will consider the group's financial performance, financial condition, investment and funding requirements, and future prospects when deciding on dividend distribution[158]. Business Strategy and Expansion - The company plans to expand its food retail business by opening new stores under the "Chatterbox Café" brand in Hong Kong and "Maxx Coffee" in Singapore[4]. - The group plans to expand its food retail business in Hong Kong and Singapore, including opening new stores under the "Chatterbox Café" brand and a franchise agreement for "Maxx Coffee" in Singapore[15]. - The company will continue to adjust its asset portfolio and create recurring income sources in response to the ongoing economic challenges[6]. - The company remains optimistic about the healthcare sector's prospects due to the increasing demand for medical services in the Asia-Pacific region[5]. - The company plans to focus on enhancing the value of existing businesses and seeking suitable opportunities to increase shareholder returns and sustainable long-term value[38]. Impact of COVID-19 - The COVID-19 pandemic significantly impacted global economic activities, leading to increased uncertainty and volatility in the stock market[6]. - The group recorded a loss of HKD 38 million from its investment in TIH Limited, a significant decline from a profit of HKD 5 million in 2019, primarily due to the adverse effects of the COVID-19 pandemic[29]. - The operational risk from COVID-19 has led to measures such as ensuring a clean working environment and flexible working hours[177]. Governance and Management - The company has appointed Dr. Li Chong as the chairman and Mr. Li Lianwei as the CEO, both of whom have been in their roles since January 1, 2015[57]. - The company has established employment agreements with its directors, which can be terminated with three months' written notice[55]. - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, affirming their independent status[58]. - The company has a strong governance structure with independent non-executive directors serving on various committees, ensuring oversight and compliance[65]. - The board consists of seven members, including three executive directors and four non-executive directors, with three non-executive directors classified as independent[128]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific matters within the group[132]. - The company has adopted a policy for fair disclosure and investor relations to ensure timely and equitable information dissemination[160]. - The company has established a risk management and internal control system, which is reviewed annually for effectiveness[151]. Risk Management - The company has established a risk governance structure to clarify roles at all levels in the risk management process[167]. - The group identified major risks for the year, including financial credit risk and operational risks related to COVID-19, with specific countermeasures implemented[177]. - The group has set up a credit risk management function to address financial credit risks, including default management and recovery procedures[177]. - The company has integrated ESG risks into its risk management framework for the fiscal year ending March 31, 2020[165]. - The board has confirmed the effectiveness and adequacy of the risk management and internal control systems for the year, emphasizing that these systems are designed to manage rather than eliminate risks[183]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the company's performance in these areas for the fiscal year ending March 31, 2020, highlighting ongoing efforts in sustainability[184]. - The company has established a working group to implement ESG policies and strategies, conducting materiality assessments and preparing the ESG report[190]. - The company emphasizes the importance of stakeholder feedback on its ESG report to continuously improve its performance in this area[189]. - The company has identified 22 relevant issues related to environmental, social, and governance (ESG) factors, with 11 issues deemed significant for reporting and management[196][197]. - The company is committed to ensuring suppliers adhere to its social and environmental standards during the selection and evaluation process[195]. Financial Position - The group's total assets decreased to HKD 5 billion as of March 31, 2020, from HKD 6.9 billion a year earlier, mainly due to loan repayments and the sale of subsidiaries[32]. - Cash and bank balances decreased to HKD 1.1 billion as of March 31, 2020, down from HKD 2.39 billion a year earlier[32]. - Total liabilities fell to HKD 1.4 billion as of March 31, 2020, from HKD 1.9 billion a year earlier, due to loan repayments and the sale of subsidiaries[33]. - The capital debt ratio as of March 31, 2020, was 23.1%, a decrease from 29.0% as of March 31, 2019[35]. - The equity attributable to equity holders as of March 31, 2020, was HKD 3.2 billion, down from HKD 3.9 billion as of March 31, 2019[35].

Financial Performance - Total revenue for the six months ended September 30, 2019, was HKD 493,583,000, a decrease from HKD 1,270,290,000 in the same period of 2018, representing a decline of approximately 61.2%[4] - The total profit for the period was HKD 349,822,000, down from HKD 554,382,000 in 2018, indicating a decrease of about 36.8%[4] - The net loss for the period was HKD 105,426,000, compared to a net loss of HKD 236,534,000 in the previous year, showing an improvement of approximately 55.5%[6] - Other comprehensive loss for the period amounted to HKD 85,774,000, down from HKD 151,728,000 in 2018, reflecting a reduction of about 43.4%[6] - The company reported a fair value loss of HKD 71,859,000 from investment properties, compared to a gain of HKD 22,470,000 in the previous year[4] - The company reported a total comprehensive loss of HKD 191,200,000 for the period, compared to a loss of HKD 183,846,000 in the previous year[16] - The company incurred a loss of HKD 256,384,000 for the period, compared to a loss of HKD 236,534,000 in the same period of 2018[16] - The group reported a pre-tax loss of HKD 98,722 million, indicating a challenging financial period[48] - The group recorded a shareholder attributable comprehensive loss of approximately HKD 109 million for the six months ended September 30, 2019, compared to a loss of HKD 256 million for the same period in 2018, primarily due to fair value losses on investment properties[111] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased significantly to HKD 590,536,000 from HKD 2,260,905,000, indicating a decline of approximately 73.9%[9] - The net cash flow from operating activities for the six months ended September 30, 2019, was a loss of HKD 155,756,000 compared to a gain of HKD 247,210,000 in the same period of 2018[16] - The total cash and cash equivalents at the end of the period were HKD 590,536,000, down from HKD 1,077,932,000 a year earlier[16] - The company reported a significant increase in the cash outflow for purchasing fixed assets, which rose to HKD 70,434,000 from HKD 31,391,000 in the previous year[16] - The company incurred financing costs of HKD 16,998 million, impacting net profitability[48] - The total assets of the group decreased to HKD 5,900,000,000 as of September 30, 2019, down from HKD 6,900,000,000 on March 31, 2019, primarily due to cash outflows from dividends and loan repayments[141] - Cash and bank balances fell to HKD 711,000,000 from HKD 2,390,000,000, resulting in a current ratio decrease to 1.7 from 2.9[141] Assets and Liabilities - Non-current assets as of September 30, 2019, totaled HKD 3,498,958,000, a decrease from HKD 3,581,611,000 as of March 31, 2019, representing a decline of approximately 2.3%[9] - Current liabilities decreased to HKD 1,434,603,000 from HKD 1,152,384,000, indicating an increase of about 24.5%[10] - The company's equity attributable to shareholders was HKD 3,894,783,000, down from HKD 4,970,979,000, reflecting a decrease of approximately 21.8%[10] - The total liabilities increased to HKD 2,000,000,000 as of September 30, 2019, compared to HKD 1,900,000,000 on March 31, 2019, mainly due to the recognition of lease liabilities under new accounting standards[141] - The total bank and other loans as of September 30, 2019, were HKD 840,308,000, down from HKD 1,267,783,000 as of March 31, 2019[77]. - The group’s retained earnings decreased by HKD 9,465,000, and non-controlling interests decreased by HKD 13,950,000, totaling a reduction of HKD 23,415,000[33] Segment Performance - The total revenue for the group reached HKD 493,583 million, with significant contributions from the property investment segment (HKD 15,626 million) and the food business segment (HKD 451,987 million) [48] - The food business segment recorded revenue of HKD 452 million, a decline from HKD 1,216 million in 2018, and incurred a loss of HKD 3 million compared to a profit of HKD 64 million in the previous year[112] - The healthcare services segment recorded a loss of HKD 5,815 million, reflecting operational challenges [48] - The investment property segment recorded total revenue of HKD 16 million, down from HKD 18 million in 2018, and incurred a loss of HKD 65 million due to fair value losses of HKD 72 million[117] - The financial and securities investment segment generated total income of HKD 21 million, down from HKD 32 million in 2018, with a net profit of HKD 18 million compared to a loss of HKD 177 million in the previous year[119] Accounting Standards and Compliance - The company adopted the new and revised Hong Kong Financial Reporting Standards (HKFRS) during the reporting period, with no significant financial impact on the financial statements[21] - The application of HKFRS 16 resulted in the classification of previously recognized finance lease assets as right-of-use assets, with no impact on the equity balance as of April 1, 2019[27] - The company has chosen to present right-of-use assets separately in the statement of financial position[28] - The audit committee has reviewed the accounting principles and practices adopted by the group for the six months ending September 30, 2019[173] - The company believes it has complied with the corporate governance code as of September 30, 2019[175] Shareholder Information - The interim dividend declared was HKD 0.002 per ordinary share, totaling HKD 18,374,000 for both 2019 and 2018, indicating no change year-over-year[70] - The company paid dividends to shareholders amounting to HKD 229,673,000 during the period[16] - The company’s issued share capital remained unchanged at 9,186,912,716 shares, with a total value of HKD 1,705,907,000 as of September 30, 2019[82] - Auric Pacific Group Limited holds 80,618,551 ordinary shares, representing approximately 65.48% of its issued shares[161] - Lippo Capital Limited directly holds 423,414,001 ordinary shares, accounting for 60% of its issued shares[162] Market and Economic Conditions - The financial market sentiment was negatively impacted by trade tensions and local social events, leading to a weak performance in the Hong Kong property market during the review period[110] - The company remains vigilant regarding external risks such as trade disputes and geopolitical tensions that may impact its operations[149] - The company will continue to monitor market developments and seek suitable business opportunities to enhance shareholder value amid ongoing global economic uncertainties[149]

Financial Performance - The company recorded a consolidated loss attributable to shareholders of approximately HKD 78 million for the year ended March 31, 2019, compared to a loss of approximately HKD 122 million for the previous year [8]. - Total revenue for the year was HKD 2,485 million, an increase from HKD 2,401 million in the previous year, with the food business accounting for 96% of total revenue [11]. - The food business segment generated revenue of HKD 2,397 million, up from HKD 2,316 million in the previous year, primarily from wholesale and distribution of fast-moving consumer goods [13]. - The food business segment recorded a profit of HKD 975 million after accounting for the sale, significantly up from HKD 159 million in the previous year [14]. - Other operating expenses increased to HKD 394 million, primarily due to increased distribution costs and sales and marketing expenses [12]. - The company proposed a total dividend of HKD 0.027 per share, with a payout ratio of approximately 18.6% based on the share price at the report date [8]. - The total dividend for the year will be HKD 248,000,000, equating to HKD 2.7 per share, compared to HKD 0.7 per share in the previous year [44]. Investments and Divestitures - The company completed the sale of its interests in certain subsidiaries within the food distribution business for a total consideration of approximately SGD 215 million, resulting in a non-recurring gain of approximately HKD 858 million [14]. - The group received dividend income of HKD 6,000,000 from GSH during the year [19]. - The group recorded an unrealized fair value loss of HKD 56,000,000 on its investment in PPD due to regulatory changes affecting the internet finance industry in China [25]. - The group has established an investment committee to review various investments and set corresponding investment limits to mitigate investment risks [173]. Healthcare Sector - The company remains optimistic about the long-term prospects of the healthcare sector, having invested in Healthway Medical Corporation Limited, which operates a large network of medical centers and clinics in Singapore [7]. - The group holds approximately 40.82% equity in Healthway, a private healthcare provider in Singapore, which operates nearly 100 medical centers and clinics [30]. - Healthway's losses were reduced to HKD 16 million in the current year from HKD 23 million in 2018, aided by business optimization measures and a brand restructuring plan [30]. - The group's equity in Healthway decreased to HKD 424 million as of March 31, 2019, down from HKD 454 million in 2018, influenced by the depreciation of the Singapore dollar [30]. Property and Securities Investments - The property investment segment generated total revenue of HKD 35,000,000 in the current year, down from HKD 42,000,000 in 2018 [15]. - Fair value gains from investment properties amounted to HKD 35,000,000, compared to HKD 87,000,000 in 2018, resulting in a profit of HKD 55,000,000 for the segment, down from HKD 99,000,000 in the previous year [15]. - The financial and securities investment segment recorded total revenue of HKD 45,000,000, an increase from HKD 35,000,000 in 2018, primarily from interest and dividend income [16]. - The segment experienced a net fair value loss of HKD 193,000,000 due to stock market volatility, compared to a loss of HKD 38,000,000 in 2018 [16]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and compliance with regulatory requirements [57]. - The company has established a compensation committee and a nomination committee to oversee executive remuneration and board appointments, ensuring transparency [58]. - The company has a diverse board with members holding various qualifications and extensive experience in law and finance, enhancing governance [61][62]. - The board consists of seven members, including three executive directors and four non-executive directors, with a majority being independent [119]. Risk Management - The company identified major risks and uncertainties that may affect its financial condition and operational performance, detailed in the risk management report [108]. - The group has integrated ESG risks into its risk management framework for the year ending March 31, 2019 [156]. - The risk management strategy includes enhancing corporate governance through a robust internal control system [159]. - The group categorizes risks into four main categories: strategic, operational, financial, and compliance [171]. Employee and Operational Management - Employee costs for the year amounted to HKD 491,000,000, an increase from HKD 426,000,000 in the previous year [38]. - The group maintains competitive compensation packages to attract and motivate employees, regularly reviewing these packages to align with market standards [105]. - The company has 1,051 full-time employees as of March 31, 2019, a decrease from 1,765 full-time employees on March 31, 2018 [38]. Sustainability and Social Responsibility - The company emphasizes sustainable development through careful resource management and adherence to environmental commitments [110]. - The company has established anti-corruption and whistleblowing policies to maintain high ethical standards and product quality [198]. - The company is committed to providing quality products and services, ensuring compliance with privacy, health, safety, and advertising regulations [199]. - The company will continue to explore different communication methods to enhance stakeholder interaction and create mutually beneficial relationships [196].