香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 | * | |----------------------------------------------------------------------------| | (於百慕達註冊成立之有限公司) | | (股份代號:234) | | 中期業績 | | 截至二零二三年九月三十日止六個月 | | 新世紀集團香港有限公司(「本公司」)之董事會(「董事會」)欣然宣佈本公司及其附 | | 屬公司(「本集團」)截至二零二三年九月三十日止六個月之未經審核簡明綜合中期 | | | | | 截至二零二三年九月三十日止六個月 | | | 二零二三年 | 二零二二年 | |------------------------------|------|----------------|--------------| | | | (未經審核) | (未經審核) | | | 附註 | 千港元 | 千港元 | | | | | ...

Financial Performance - Revenue from continuing operations for 2023 was HK$80.1 million, a slight decrease of 0.7% compared to HK$80.7 million in 2022[12]. - Profit for the year from continuing operations was HK$16.9 million, down 65.9% from HK$49.6 million in the previous year[12]. - The company reported a loss attributable to owners of the Company of HK$36.9 million, compared to a loss of HK$1.5 million in 2022[12]. - Earnings per share for 2023 was a loss of HK$0.64, compared to a loss of HK$0.03 in 2022[12]. - The discontinued operation reported a loss of HK$60.7 million, slightly higher than the loss of HK$56.4 million in 2022[12]. - The Group's revenue from continuing operations decreased by 0.8% from HK$80,741,000 (Restated) last year to HK$80,068,000 for the Year[30]. - The Group recorded fair value losses on listed equity investments amounting to HK$13,578,000, up from HK$1,671,000 last year, impacting overall profitability[42]. - The economic environment remains challenging, with ongoing uncertainties affecting overall profitability and revenue streams[28]. - The Group's revenue from continuing operations slightly decreased by 0.8% to HK$80,068,000 from HK$80,741,000 in the previous year, primarily due to an increase in fair value losses on listed equity investments amounting to HK$13,578,000[45]. Business Operations - The company is focusing on property investment, securities trading, and money lending as its core business areas[11]. - The management is exploring new strategies for market expansion and product development to enhance future performance[12]. - The company aims to improve operational efficiency and reduce costs in response to the challenging market conditions[12]. - The Group aims to diversify income streams and enhance operational efficiencies moving forward[38]. - The Group's strategic focus will be on bolstering profitability across core segments after ceasing non-core operations[35]. - The cruise ship charter services business was disposed of on 28 April 2023 due to prohibitive operational costs, ceasing all related operations[33]. - The Group divested all securities investments during the Year to mitigate exposure to market volatility[34]. - The Group recorded a loss attributable to owners of the Company of HK$36,866,000 for the Year, a significant increase from HK$1,501,000 in 2022[63]. - The cruise ship "Aegean Paradise" was disposed of on April 28, 2023, as part of the decision to discontinue the cruise ship charter services business[62]. Income and Expenses - Revenue from the money lending business increased by 18.7% to HK$72,491,000, with interest income from mortgage loans rising by 20.4% to HK$69,384,000[29]. - Other income rose significantly to HK$7,386,000 for the Year, compared to HK$796,000 in the previous year, driven by increased bank interest income and government grants[43]. - Administrative and operating expenses primarily included employee benefits, depreciation, and advertising costs[44]. - Administrative and operating expenses rose by 5.3% to HK$44,104,000 from HK$41,865,000, mainly due to a 6.4% increase in employee benefit expenses to HK$20,704,000 and a 30.8% rise in advertising and promotion expenses to HK$5,499,000[49]. - The Group recorded a net provision for impairment losses of HK$2,265,000 on mortgaged loans due to a decrease in the fair value of mortgaged properties[74]. - A net provision for impairment losses on loan and interest receivables was recognized at HK$2,794,000, compared to a net reversal of HK$498,000 in the previous year[56]. - The Group recorded a provision of HK$1,941,000 for impairment losses on repossessed assets of mortgage loans, compared to a reversal of overprovision of HK$11,000 in the previous year[59]. Assets and Liabilities - As of March 31, 2023, the Group had net current assets of HK$1,060,608,000, an increase from HK$921,104,000 in the previous year[101]. - The Group's equity attributable to owners decreased to HK$1,548,147,000 from HK$1,579,704,000 year-on-year[101]. - The Group had outstanding guarantees of HK$70,000,000 as of March 31, 2023, down from HK$130,000,000 in the previous year[97]. - As of March 31, 2023, the Group's cash and cash equivalents totaled approximately HK$456,027,000, an increase of 13.5% from HK$401,548,000 in 2022[102]. - The gearing ratio increased to 9.8% as of March 31, 2023, compared to 7.1% in 2022, reflecting a rise in total indebtedness[110]. - The Group had an amount due to an intermediate holding company of HK$80,000,000 as of March 31, 2023, up from HK$40,000,000 in 2022[108]. - Loan and interest receivables increased by 11.7% to HK$823,423,000 as of March 31, 2023, compared to HK$737,298,000 in 2022[69]. Corporate Governance - The Board of Directors consists of eleven members, including six executive directors and five independent non-executive directors[149]. - The Company held four regular board meetings during the year to review and approve annual and interim results, as well as quarterly management accounts[156]. - All independent non-executive directors confirmed their independence in accordance with the guidelines set out in the Listing Rules[153]. - The Company has complied with all code provisions of the Corporate Governance Code for the year ended 31 March 2023[143]. - The attendance of the Board members at meetings was high, with most directors attending 100% of the board meetings[160]. - The Company has adopted the Model Code for Securities Transactions by Directors and all directors confirmed compliance during the year[144]. - The Board has delegated day-to-day management responsibilities to senior management while overseeing strategic decisions and performance[147]. - The Company has arranged appropriate insurance cover for potential legal actions against its directors, reviewed annually[155]. - The Company has not officially appointed a chief executive officer since March 2, 2012, and the Board will continue to assess the need for such a position as the business grows[167]. Employee and Diversity - The Group's employee count remained stable at 31 staff as of March 31, 2023, compared to the previous year[133]. - The total workforce of the group as of March 31, 2023, consists of 42% male (13 employees) and 58% female (18 employees)[189]. - The gender ratio of the company's directors as of March 31, 2023, is 56% male (5 directors) and 44% female (4 directors)[185]. - The company adopted a board diversity policy in September 2013 to enhance performance through diverse perspectives[184]. - The Nomination Committee reviewed the structure, size, and composition of the Board and found it appropriately structured with no changes required[185]. - The company emphasizes meritocracy in board appointments, considering various diversity perspectives[184]. Share Options and Remuneration - As of March 31, 2023, there were 116,200,000 outstanding share options under the Share Option Scheme, representing approximately 2.0% of the total issued shares[129]. - The Share Option Scheme expired on September 3, 2022, and no further options will be offered under this scheme[128]. - The remuneration of senior management members for the year includes 3 individuals earning between HK$1,000,001 to HK$1,500,000, 2 individuals earning between HK$1,500,001 to HK$2,000,000, and 1 individual earning between HK$2,000,001 to HK$2,500,000[181]. - The Remuneration Committee is responsible for making recommendations on the remuneration packages of individual executive directors and senior management[176]. - The Remuneration Committee's major roles include reviewing management's remuneration proposals and ensuring no director is involved in deciding their own remuneration[179].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 (於百慕達註冊成立之有限公司) (股份代號:234) 截至二零二三年三月三十一日止年度 之業績公佈 * 新世紀集團香港有限公司(「本公司」)之董事會(「董事會」)欣然公佈本公司及其附 屬公司(「本集團」)截至二零二三年三月三十一日止年度之經審核綜合業績,連同 去年之比較數字如下: 綜合損益表 截至二零二三年三月三十一日止年度 | | | 二零二三年 | 二零二二年 | |--------------------------------------|------|----------------|--------------| | | 附註 | 千港元 | 千港元 | | | | | (經重列) | | 持續經營業務 | | | | | 收入 | 5 | 80,068 | 80,741 | | 其他收入 | 5 | 7,386 | 796 | | 行政及經營開支 | | (44,104) | (41,86 ...

Revenue and Profit Performance - The Group's revenue for the six months ended September 30, 2022, was HK$30,034,000, representing a decrease of 15.6% compared to HK$35,581,000 in the previous period[11]. - The Group recognized a loss attributable to owners of HK$8,625,000 for the Period, a turnaround from a profit of HK$3,036,000 in the previous period, driven by decreased fair value gains and increased losses in securities trading[27]. - Profit for the period was a loss of HK$6,745, compared to a profit of HK$873 in 2021[153]. - Total comprehensive loss for the period was HK$21,141, significantly higher than HK$3,609 in the previous year[153]. - Basic and diluted earnings per share attributable to ordinary equity holders of the company were HK(0.15) cents, compared to HK0.05 cents in 2021[152]. Segment Performance - The Group's core profit generator remained the money lending segment despite the overall economic challenges[7]. - The cruise ship charter services segment generated income of HK$1,015,000, compared to nil in the previous year[11]. - The property investment segment recorded a decline in profit during the period[7]. - The securities trading segment reported an increase in loss to HK$13,287,000, up from HK$3,857,000, primarily due to fair value losses of HK$18,579,000 on equity investments[42]. - The segment recorded a significant profit decrease of 64.8%, from HK$22,529,000 in the previous period to HK$7,926,000 for the current period[40]. Economic and Market Conditions - Hong Kong's GDP contracted by 4.5% in the July-to-September period, marking its third consecutive quarter of contraction[6]. - The Hang Seng Index hit its lowest levels in over a decade, falling below the 15,000 mark[6]. - The Group's diversified property investment portfolio helped mitigate losses in Hong Kong, with stable revenue from Singapore properties[37]. Financial Position and Assets - As of September 30, 2022, the Group's net current assets were HK$903,909,000, a decrease from HK$921,104,000 as of March 31, 2022[78]. - The Group's equity attributable to owners was HK$1,558,608,000 as of September 30, 2022, down from HK$1,579,704,000 as of March 31, 2022[78]. - Non-current assets totaled HK$1,013,019, slightly down from HK$1,015,738 as of March 31, 2022[155]. - The total assets as of September 30, 2022, were HK$1,922,283,000, a decrease from HK$1,965,892,000 as of March 31, 2022[163]. Cash Flow and Liquidity - Cash and cash equivalents amounted to HK$413,058,000 as of September 30, 2022, compared to HK$401,548,000 as of March 31, 2022[78]. - The company reported a net increase in cash and cash equivalents of HK$ (48,532,000) for the period, down from an increase of HK$ 45,505,000 in the prior year[169]. - Cash generated from operations was HK$ (44,741,000), a significant decrease compared to HK$ 129,065,000 in the same period of 2021, representing a decline of approximately 134.7%[167]. Impairment and Provisions - The Group recorded a net provision for impairment losses of HK$1,182,000 on loan and interest receivables, compared to a net reversal of HK$332,000 in 2021[17]. - The Group recognized an impairment loss provision of HK$1,182,000 for loan and interest receivables during the Period, compared to a reversal of HK$332,000 in the previous year[32]. Share Capital and Options - As of 30 September 2022, the total number of issued shares of the Company was 5,780,368,705[115]. - The Share Option Scheme expired on 3 September 2022, and no further options will be offered under this scheme[95]. - The total number of share options at 30 September 2022 was 116,800,000, down from 132,800,000 at 1 April 2022, reflecting a lapse of 16,000,000 options[135]. Governance and Compliance - The Company has complied with all code provisions of the Corporate Governance Code throughout the six months ended 30 September 2022[101]. - The independent review report confirms that no significant matters were identified that would affect the interim financial information[150]. - The company’s interim financial information is prepared in accordance with HKAS 34, ensuring material compliance with relevant accounting standards[150]. Future Outlook - The management is exploring opportunities for financing from potential financial institutions and equity funding[78]. - The gradual reopening of borders and stabilization of the pandemic is anticipated to create new investment opportunities for the Group[100]. - The Group plans to manage its business strategies cautiously in the money lending, property investment, and securities trading sectors due to expected economic pressures[100].

Financial Performance - Revenue for 2022 was HK$80.7 million, a decrease of 19.6% from HK$100.4 million in 2021[11] - Profit attributable to owners of the Company was a loss of HK$1.5 million, compared to a loss of HK$56.7 million in 2021[11] - Equity attributable to owners of the Company stood at HK$1,579.7 million, slightly down from HK$1,582.5 million in 2021[11] - Earnings per share for 2022 was a loss of HK$0.03, an improvement from a loss of HK$0.98 in 2021[11] - The Company reported a significant decrease in revenue over the past five years, with 2020 revenue at HK$145.4 million and 2018 at HK$202.1 million[11] - The loss attributable to the owners of the Company improved by 97.4% from HK$56,712,000 last year to HK$1,501,000 this year[13] - The money lending segment recorded a profit of HK$49,005,000 for the year[14] - The cruise ship charter services segment recorded a significant decrease in loss by 49.7% from HK$112,325,000 last year to HK$56,449,000 this year[17] - The property investment segment turned around with a profit of HK$28,284,000 due to fair value gains of investment properties[17] Business Strategy and Operations - The Company focuses on cruise ship charter services, property investment, securities trading, and money lending[9] - The Company aims to enhance its market position through strategic investments and potential acquisitions in the future[11] - The management discussed plans for expanding property investments and improving operational efficiencies[11] - The Group plans to allocate resources to capture growth opportunities as business sentiment improves[18] - The Group will continue to seek potential investment opportunities to diversify its portfolio[18] - The cruise ship "Aegean Paradise" resumed sailing at the end of January 2022 after a suspension of over 20 months[17] - The Group granted temporary rental reductions to tenants in response to the soft commercial leasing market in Hong Kong[17] Economic Environment - The Hong Kong economy is expected to expand in a range of 1% to 2% in 2022, down from a previous prediction of 2% to 3.5%[13] - The S&P Global Hong Kong Purchasing Managers' Index jumped to 54.9 in May 2022, indicating a promising rebound for the city[13] Financial Position and Assets - Total gross loan and interest receivables increased by 11.7% to HK$739,077,000 as of 31 March 2022, compared to HK$661,861,000 in 2021[32] - The Group's mortgage loan and interest receivables amounted to HK$725,087,000, an increase from HK$639,992,000 in 2021[32] - The Group's equity attributable to owners was HK$1,579,704,000, slightly down from HK$1,582,541,000 in 2021[42] - Cash and cash equivalents amounted to HK$401,548,000, compared to HK$454,297,000 in 2021[42] - Outstanding guarantees to banks were HK$130,000,000, down from HK$190,000,000 in 2021, with no credit facility utilized[42] Corporate Governance - The Company is committed to maintaining strong corporate governance and transparency in its financial reporting[11] - The Company has complied with all provisions of the Corporate Governance Code for the year ended 31 March 2022, except for code provision F.2.2 regarding the chairman's attendance at the annual general meeting[60] - All directors confirmed compliance with the Model Code for Securities Transactions during the year[62] - The Board comprises nine members, meeting the requirements of the Listing Rules regarding independent non-executive directors[83] - The Company held 7 board meetings and one annual general meeting during the year[85] - The Board has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee, with clearly defined terms of reference[105] Environmental, Social, and Governance (ESG) Reporting - The ESG Report covers the period from April 1, 2021, to March 31, 2022, and is prepared in accordance with the ESG Reporting Guide under Appendix 27 of the Listing Rules[175] - The Company has conducted materiality assessments of ESG issues, with the Board participating in the evaluation and management of these issues[175] - The Group values stakeholder engagement and recognizes the importance of understanding stakeholder needs and expectations for success[179] - The Group has set environmental targets associated with its businesses and conducts regular reviews of progress towards these targets[175] Employee and Workforce Management - The total workforce of the Group consists of 31 employees, with 42% male (13 employees) and 58% female (18 employees)[128] - The Group's employee benefit expense for the year was HK$19,456,000, a decrease from HK$21,067,000 in the previous year, reflecting the impact of COVID-19[55] - The Group's total staff count as of March 31, 2022, was 31, a slight decrease from 32 in the previous year[55] Risk Management - The Board has reviewed the effectiveness of the Group's risk management and internal control systems and deemed them effective and adequate[161] - The Company has established internal audit functions to safeguard assets and ensure compliance with applicable laws and regulations[161] - The board has continuously monitored the company's risk management and internal control systems, which have been reviewed and deemed effective and sufficient[165]

Financial Performance - Revenue for the six months ended September 30, 2021, was HK$35,581,000, a decrease of 15.4% from HK$41,858,000 in the same period of 2020[10]. - Gross profit for the period was HK$31,560,000, down from HK$32,556,000, reflecting a slight decline of 3.1%[10]. - Profit before tax was HK$5,599,000, a significant recovery from a loss of HK$76,419,000 in the previous year[10]. - Profit for the period attributable to owners of the company was HK$3,036,000, compared to a loss of HK$59,072,000 in the same period last year[10]. - Basic earnings per share for the period was HK0.05 cents, a turnaround from a loss of HK1.02 cents per share in 2020[10]. - The total comprehensive loss for the period was HK$4,482,000, compared to a comprehensive income of HK$13,443,000 in the previous year[11]. - The profit for the period was HK$3,036,000, compared to a loss of HK$2,163,000 in the previous period, indicating a significant turnaround[17]. - The Group reported a segment profit before tax of HK$5,599,000 in 2021, a significant improvement compared to a loss of HK$76,419,000 in 2020[36]. - The Group recorded a profit attributable to owners of the Company of HK$3,036,000 for the Period, a turnaround from a loss of HK$59,072,000 last period[121]. Asset and Liability Management - Total non-current assets increased to HK$944,837,000 as of September 30, 2021, up from HK$884,758,000 as of March 31, 2021[12]. - Current liabilities decreased to HK$104,350,000 from HK$142,635,000, indicating improved short-term financial health[12]. - Cash and cash equivalents rose to HK$550,781,000, compared to HK$454,297,000 at the end of March 2021, reflecting better liquidity[12]. - The net assets attributable to owners of the Company were HK$1,922,283,000 as of September 30, 2021, down from HK$1,965,892,000 as of March 31, 2021[14]. - The total equity as of September 30, 2021, was HK$1,948,511,000, compared to HK$1,569,021,000 in the previous year[20]. - As of September 30, 2021, the Group had net current assets of HK$998,750,000, down from HK$1,102,889,000 as of March 31, 2021[130]. - The Group's gearing ratio was 4.6% as of September 30, 2021, down from 7.1% as of March 31, 2021[130]. Revenue Streams - Revenue from mortgage loans and unsecured personal loans decreased to HK$31,624,000 in 2021 from HK$37,008,000 in 2020, representing a decline of approximately 14%[39]. - Gross rental income from investment properties was HK$7,795,000 in 2021, down from HK$8,423,000 in 2020, a decrease of about 7.4%[39]. - The Group's revenue from property investments decreased by 7.5% to HK$7,795,000 for the Period, down from HK$8,423,000 in 2020[124]. - Interest income from the money lending business fell from HK$37,008,000 in the previous period to HK$31,624,000 for the current period[118]. - The cruise ship charter services segment reported a loss of HK$27,462,000 in 2021, improving from a loss of HK$80,040,000 in 2020[36]. Investment Performance - Fair value gains on investment properties were HK$16,454,000, compared to a loss of HK$20,872,000 in the previous year, showing a positive shift[10]. - The Group's investment properties were revalued at an aggregate balance of HK$555,778,000 as of 30 September 2021, resulting in fair value gains of HK$16,454,000 during the six months ended 30 September 2021, compared to fair value losses of HK$20,872,000 in the same period of 2020[49]. - The fair value of equity investments at fair value through profit or loss was HK$89,348,000 as of September 30, 2021[110]. - The fair value of equity investments designated at fair value through other comprehensive income was HK$1,263,000 as of September 30, 2021[110]. Operational Efficiency - The cost of services provided decreased to HK$4,021,000 from HK$9,302,000, reflecting a reduction of 56.7%[10]. - Employee benefit expenses decreased to HK$8,785,000 from HK$10,020,000, reflecting a reduction of approximately 12.3%[45]. - Administrative and operating expenses increased by 10.4% to HK$40,572,000 from HK$36,747,000 last period, mainly due to increased special subsidies to the charterer of cruise ships[119]. - The depreciation expense decreased to HK$7,789,000 from HK$12,994,000, a reduction of approximately 40.0%[45]. Credit and Receivables Management - Trade receivables decreased to HK$31,813,000 from HK$43,413,000, indicating a reduction in outstanding customer payments[12]. - Loan receivables increased significantly to HK$146,426,000 from HK$87,770,000, suggesting a rise in lending activities[12]. - The Group's provision for impairment on loan and interest receivables was HK$1,951,000 as of September 30, 2021, down from HK$2,601,000 as of March 31, 2021, indicating a reduction of approximately 25.0%[67]. - The Group applies a minimal expected credit loss rate for trade receivables, indicating a strong credit control mechanism[62]. Shareholder Information - The total number of issued shares of the Company was 5,780,368,705 as of September 30, 2021[139]. - New Century Investment Pacific Limited held 3,556,133,691 shares, representing 61.52% of the Company's issued share capital[140]. - The total number of share options granted is 132,800,000, with an exercise price of HK$0.1532 per share[150]. - The Company operates a share option scheme to incentivize eligible participants contributing to the Group's success[146]. Governance and Compliance - The company has complied with all code provisions of the Corporate Governance Code throughout the six months ended September 30, 2021[150]. - The interim results for the six months ended September 30, 2021, have been reviewed by the auditor in accordance with Hong Kong standards[155]. - All directors confirmed compliance with the Model Code regarding securities transactions during the six months ended September 30, 2021[154].

Financial Performance - Revenue for the year ended 31 March 2021 was HK$100.4 million, a decrease of 30.9% from HK$145.4 million in 2020[9] - The profit attributable to owners of the Company was a loss of HK$56.7 million, compared to a profit of HK$15.5 million in the previous year[9] - Equity attributable to owners of the Company decreased to HK$1,582.5 million from HK$1,617.2 million in 2020, reflecting a decline of 2.1%[9] - Earnings per share for the year was a loss of HK$0.98, compared to earnings of HK$0.27 per share in 2020[9] - The Group's revenue decreased by 31.0% to HK$100,360,000 compared to HK$145,364,000 last year[27] - The loss attributable to owners was HK$56,712,000, a significant decline from a profit of HK$15,461,000 in the previous year[15] - Other income decreased by 65.7% to HK$4,131,000, primarily due to a drop in bank interest income[27] - The Group recorded a loss attributable to owners of the Company of HK$56,712,000 for the Year, compared to a profit of HK$15,461,000 last year, mainly due to the absence of cruise ship charter service income[35] Economic Outlook - The global economy is expected to grow by 6% in 2021, with Hong Kong's real GDP showing a year-on-year growth of 7.9% in Q1 2021[14] - The ongoing vaccine rollout and government stimulus in Hong Kong are expected to support economic recovery[14] - The near-term outlook for the global economy is closely tied to the development of the COVID-19 pandemic, with a focus on building a diversified portfolio for sustainable growth[21] Business Segments - The Group's focus remains on cruise ship charter services, property investments, securities trading, and money lending[7] - The money lending business recorded a profit increase of 10.9% to HK$61,801,000, providing stable contributions amid uncertainties[15] - The cruise ship charter services segment suffered a loss of HK$112,325,000 due to halted operations since mid-March 2020[20] - The Group's occupancy rate for its properties remained strong at 99.7% despite challenging market conditions[20] - The securities trading segment recorded a gain of HK$9,776,000 for the Year (2020: a loss of HK$8,746,000), primarily due to net realized and unrealized gains on equity investments of HK$8,079,000 (2020: losses of HK$9,735,000)[47] Financial Management - Administrative and operating expenses increased by 49.8% to HK$75,793,000 compared to HK$50,585,000 last year, primarily due to special subsidies of HK$31,153,000 paid to the charterer for cruise ship maintenance[28] - Total gross loan and interest receivables decreased by 4.1% to HK$661,861,000 from HK$690,433,000 in the previous year[36] - Interest income increased by 5.2% to HK$74,303,000 for the Year, compared to HK$70,636,000 last year, driven by an 8.3% increase in interest income from secured mortgage loans[37] - The Group's interest income from money lending increased from HK$70,636,000 last year to HK$74,303,000 for the current year[27] Corporate Governance - The Company has complied with all code provisions of the Corporate Governance Code for the year ended March 31, 2021, except for the chairman's absence at the annual general meeting due to travel restrictions[80] - The Board of Directors consists of nine members, including three independent non-executive directors[87] - The independent non-executive directors have a specific term of three years and are subject to retirement by rotation at least once every three years[89] - The Remuneration Committee comprises five members, including two executive directors and three independent non-executive directors[94] - The Company has received annual confirmations of independence from each independent non-executive director[89] Environmental Impact - The Group's air emissions for Nitrogen Oxides (NOX) decreased from 1.84 kg in 2020 to 0.73 kg in 2021, a reduction of approximately 60.3%[136] - Sulphur Oxides (SOX) emissions reduced from 0.05 kg in 2020 to 0.04 kg in 2021, a decrease of 20%[136] - Particulate Matter (PM) emissions decreased from 0.14 kg in 2020 to 0.05 kg in 2021, representing a reduction of about 64.3%[136] - The Group has implemented energy-saving initiatives as part of its resource usage strategy[139] - The Group has not reported any non-compliance with laws and regulations regarding air and greenhouse gas emissions during the reporting period[139] Employee Welfare - The Group offers competitive remuneration and benefits to attract and retain talent, with compensation determined by factors such as educational background and industry salary levels[158] - The Group has a zero-tolerance policy for sexual harassment or abuse in the workplace[161] - Benefits plans include mandatory provident fund (MPF) schemes, medical insurance, group life insurance, and discretionary bonuses[161] - The employee turnover rate for 2021 was 1 male employee, with no turnover among females or employees under 30[155] - The Group is committed to creating a diverse and inclusive workplace, ensuring equal opportunities free from discrimination[161] Social Responsibility - The Group made donations of HK$65,000, including the purchase of 1,000 boxes (50,000 pieces) of adult medical face masks for charitable organizations[198] - Certain companies in the Group have been awarded the "Caring Company" logo for ten consecutive years by the Hong Kong Council of Social Service, recognizing their contributions to society[198] - The Group aims to maximize its social investments to create a more favorable environment for the community[198]

Financial Performance - Revenue for the six months ended September 30, 2020, was HK$41,858,000, a decrease of 47.5% compared to HK$79,857,000 in the same period of 2019[27] - Gross profit for the period was HK$32,556,000, down 54.0% from HK$70,607,000 year-on-year[27] - The company reported a loss before tax of HK$76,419,000, compared to a profit of HK$37,592,000 in the previous year[27] - Profit for the period attributable to owners of the company was a loss of HK$59,072,000, compared to a profit of HK$12,018,000 in the same period last year[27] - Basic and diluted loss per share was HK$1.02 cents, compared to earnings of HK$0.21 cents per share in the previous year[27] - Other income decreased to HK$2,566,000 from HK$9,152,000, reflecting a decline of 71.9%[27] - Administrative and operating expenses increased to HK$36,747,000 from HK$24,576,000, an increase of 49.4%[27] - The company reported a loss of HK$81,392,000 for the six months ended September 30, 2020, compared to a profit of HK$32,680,000 in the same period of 2019[28] - Total comprehensive loss for the period amounted to HK$67,949,000, with owners of the company attributing a loss of HK$48,206,000[28] - The company recorded an exchange difference gain of HK$13,275,000 from foreign operations, compared to a loss of HK$7,270,000 in the previous year[28] - The total comprehensive income for the period was a loss of HK$48,206,000, which includes an exchange difference of HK$10,378,000 from foreign operations[33] - The company reported a deficit on the revaluation of cruise ships amounting to HK$479,000[33] - The Group's profit before tax for the six months ended 30 September 2020 was a loss of HK$59,072,000, compared to a profit of HK$12,018,000 for the same period in 2019[93] Assets and Liabilities - Non-current assets decreased to HK$989,420,000 as of September 30, 2020, down from HK$1,024,658,000 as of March 31, 2020[29] - Current assets totaled HK$1,137,444,000, slightly down from HK$1,143,998,000 in the previous period[29] - Current liabilities increased to HK$156,088,000 from HK$129,171,000, indicating a rise in short-term financial obligations[29] - Net current assets decreased to HK$981,356,000 from HK$1,014,827,000, reflecting a decline in liquidity[31] - Total assets were reported at HK$1,970,776,000, down from HK$2,039,485,000, indicating a reduction in overall asset base[31] - The company's equity attributable to owners decreased to HK$1,569,021,000 from HK$1,617,227,000, showing a decline in shareholder equity[31] - Cash and cash equivalents at the end of the period were HK$412,091,000, down from HK$546,192,000 in 2019, reflecting a decrease of approximately 24.6%[74] - The Group's total indebtedness was HK$217,893,000, with an aggregate carrying amount of pledged assets including land and buildings at HK$311,121,000, trade receivables at HK$1,396,000, and equity investments at HK$64,467,000[182] - The Group's net current assets were HK$981,356,000, and equity attributable to owners of the Company was HK$1,569,021,000 as of September 30, 2020[182] Cash Flow and Investments - Cash generated from operations was a negative HK$17,697,000, a decrease from HK$236,850,000 in the same period of 2019[71] - Net cash flows used in investing activities amounted to HK$12,161,000, compared to HK$246,591,000 in 2019, indicating a reduction in investment outflows[72] - The acquisition of a subsidiary in 2019 resulted in cash outflows of HK$457,640,000, which did not recur in 2020[72] - The Group's loan and interest receivables increased to HK$722,986,000 as of 30 September 2020, up from HK$690,433,000 as of 31 March 2020[115] - The fair value of equity investments at fair value through profit or loss increased to HK$64,467,000 as of September 30, 2020, up from HK$14,119,000 as of March 31, 2020[139] Segment Performance - The Group is organized into four reportable operating segments: money lending, cruise ship charter services, property investments, and securities trading[81] - Revenue from secured mortgage loans and unsecured personal loans increased to HK$37,008,000 in 2020 from HK$35,720,000 in 2019, representing a growth of 3.6%[87] - Cruise ship charter service income was HK$8,423,000 in 2020, down from HK$37,459,000 in 2019, indicating a decline of 77.5%[87] - The cruise ship charter services segment recorded a loss of HK$80,040,000 for the current period, a significant decline from a profit of HK$26,963,000 in the previous period[175] - Rental relief of at least 10% was granted to tenants, leading to a 16.6% decrease in segment revenue from property investments to HK$8,423,000 for the current period[176] Government Support and Subsidies - The company recognized government subsidies of HK$1,461,000 during the period, which were part of the Employment Support Scheme[86] - The Group received a government subsidy of HK$705,000 under the Employment Support Scheme, compared to Nil in 2019[173] Share Capital and Equity - The total number of issued shares of the Company was 5,780,368,705[199] - The Group had 386,640,000 share options outstanding at the end of the reporting period, which represented approximately 6.7% of the total issued shares[130] - The Group's total staff costs for the period amounted to HK$10,020,000, slightly down from HK$10,059,000 in 2019[190] - Directors' total interests in shares and underlying shares amounted to 3,881,125,691, representing 67.14% of the Company's issued share capital[195] Risk Management - The Group is exposed to equity price risk from trading equity investments, which are valued at quoted market prices at the end of the reporting period[185] - Credit risk is mitigated by conducting transactions with high-quality customers and obtaining sufficient collaterals where appropriate[186] - The Group's management considers the credit risk from secured mortgage loans to be significantly mitigated by the properties held as collateral[190]

Financial Performance - Revenue for 2020 was HK$145.4 million, a decrease of 16.0% from HK$173.0 million in 2019[12]. - Profit attributable to owners of the Company was HK$15.5 million in 2020, down from HK$47.5 million in 2019, representing a decline of 67.4%[13]. - Earnings per share decreased to HK$0.27 in 2020 from HK$0.82 in 2019, a drop of 67.1%[14]. - Revenue for the year decreased by 16.0% to HK$145,364,000, while profit attributable to owners dropped 67.4% year-on-year to HK$15,461,000[21]. - The decrease in revenue was mainly due to a drop in charter service income from HK$79,011,000 to HK$64,175,000 and a decrease in interest income from HK$73,598,000 to HK$70,636,000[44]. - The Group recorded net fair value losses of HK$24,634,000 for investment properties in Hong Kong and Singapore, compared to fair value gains of HK$7,554,000 last year[45]. - The property investments segment recorded a loss of HK$9,146,000 for the Year (2019 (Restated): profit of HK$23,891,000)[59]. - The securities trading segment recorded a loss of HK$8,746,000 for the Year, an increase of 158.8% compared to HK$3,379,000 last year[77]. Business Operations - The Group focuses on cruise ship charter services, property investments, securities trading, and money lending[10]. - Charter service income dropped by 18.8% to HK$64,175,000 due to the impact of COVID-19 and operational suspensions[23]. - The occupancy rate for Hong Kong and Singapore investment properties achieved 96.9% during the year[24]. - The company plans to renew charter agreements for cruise ships at lower daily charter fees effective from July 1, 2020[27]. - Temporary rental reductions of at least 10% have been granted to tenants of Hong Kong investment properties since September 2019[24]. - The Group's segment profit slightly decreased by 1.4% to HK$55,714,000 for the Year, compared to HK$56,518,000 in the previous year[53]. Acquisitions and Investments - The acquisition of 60% equity interest in ETC Finance Limited, a licensed money lender in Hong Kong, was completed, generating interest income of HK$70,636,000[21]. - The Group completed the acquisition of 60% equity interest in ETC for a total consideration of HK$497,640,000, which has become an indirect non-wholly owned subsidiary[38]. - The Group's equity investments at fair value through profit or loss amounted to HK$14,119,000 as of 31 March 2020 (2019: HK$27,984,000)[69]. - ETC's total loan portfolio was approximately HK$632,554,000 as of September 30, 2020, comprising secured mortgage loans and unsecured personal loans[97]. Corporate Governance - The company is committed to enhancing its corporate governance and environmental, social, and governance practices[2]. - The Company has complied with all code provisions of the Corporate Governance Code for the year ended March 31, 2020[118]. - The Board of Directors is committed to maintaining high standards of corporate governance practices[117]. - The Company has established three board committees: Remuneration Committee, Nomination Committee, and Audit Committee, with clearly defined written terms of reference[130]. - The Company ensures that no director is involved in deciding his own remuneration[136]. - The Company has developed, reviewed, and monitored the code of conduct and compliance manual applicable to employees and directors[185]. Risk Management - The company anticipates continued adverse factors and uncertainty due to escalating Sino-US tensions and social unrest[26]. - The Company will continue to monitor uncertainties, including COVID-19, and take measures to mitigate impacts on business operations[34]. - The Group's total indebtedness, which includes loans from a non-controlling shareholder, was HK$178,945,000 as of March 31, 2020[79]. - The liquidity risk is considered manageable by the management, utilizing a recurring liquidity planning tool[95]. - The Board has conducted a review of the effectiveness of the Group's risk management and internal control systems, considering them effective and adequate[199]. Employee and Director Matters - The Group's employee benefits include a mandatory provident fund scheme, medical insurance, share option scheme, and discretionary bonuses[96]. - The Company is in the process of identifying a suitable candidate with appropriate experience to be the Chief Executive Officer[131]. - The attendance record of directors at various meetings indicates high engagement, with most executive directors attending over 80% of meetings[176]. - The Company Secretary, Ms. Ng, received no less than 15 hours of relevant professional training during the year[200].

Financial Performance - Revenue for the six months ended September 30, 2019, was HK$79,857,000, a decrease of 5.5% from HK$84,638,000 in the same period of 2018[31] - Gross profit for the period was HK$70,607,000, down from HK$73,786,000, reflecting a decline of 4.0%[31] - Profit before tax decreased to HK$37,592,000, down 29.5% from HK$53,343,000 in the previous year[31] - Profit for the period was HK$32,680,000, slightly down from HK$32,854,000, representing a decrease of 0.5%[31] - Basic and diluted earnings per share were both HK0.21 cents, compared to HK0.23 cents in the prior year, indicating a decline of 8.7%[33] - Other income increased significantly to HK$9,152,000, up 61.8% from HK$5,677,000 in the previous period[31] - Total comprehensive income for the period increased to HK$38,165,000, up 39.5% from HK$27,321,000 in the same period last year[36] Expenses and Costs - Administrative expenses decreased to HK$24,576,000 from HK$29,097,000, a reduction of 15.5%[31] - The company reported a fair value loss on investment properties of HK$16,400,000, compared to a gain of HK$7,558,000 in the previous year[31] - Employee costs amounted to HK$10,059,000 in 2019, slightly down from HK$10,182,000 in 2018, showing a reduction of about 1.2%[132] - Depreciation of property, plant, and equipment was HK$12,934,000 in 2019, compared to HK$14,006,000 in 2018, a decrease of approximately 7.7%[132] Assets and Liabilities - Net current assets decreased to HK$934,692,000 from HK$1,300,811,000, reflecting a decline of 28.1%[39] - Total assets less current liabilities decreased to HK$2,067,825,000 from HK$2,526,974,000, a reduction of 18.2%[39] - Non-current assets totaled HK$1,133,133,000, down from HK$1,226,163,000, indicating a decrease of 7.6%[37] - Cash and cash equivalents significantly decreased to HK$579,616,000 from HK$996,257,000, a decline of 41.9%[37] - Total liabilities were HK$353,902,000, with current liabilities accounting for HK$150,987,000[78] Equity and Shareholder Information - Equity attributable to owners of the Company decreased to HK$1,649,663,000 from HK$2,133,187,000, a drop of 22.7%[39] - As of September 30, 2019, total equity amounted to HK$2,044,642,000, reflecting a decrease from HK$2,685,590,000 as of September 30, 2018[46] - The number of ordinary shares in issue during the period was 5,780,368,705[134] - The company had 386,640,000 share options outstanding, representing approximately 6.7% of the company's shares in issue[187] Cash Flow and Investments - Net cash flows from operating activities increased to HK$246,149,000, up 71.1% from HK$143,870,000 in the previous year[50] - Cash generated from operations was HK$236,850,000, significantly higher than HK$135,456,000 in the previous year[50] - The company incurred a net cash outflow from investing activities of HK$246,591,000, compared to HK$125,246,000 in 2018[51] - The acquisition of a subsidiary resulted in a cash outflow of HK$457,640,000, indicating significant investment activity[51] Segment Performance - The Group operates four reportable segments: cruise ship charter services, property investments, securities trading, and money lending[121] - Segment performance is evaluated based on reportable segment profit, which is adjusted profit before tax excluding interest income and corporate expenses[122] - Revenue from external customers decreased to HK$37,459,000 in 2019 from HK$41,779,000 in 2018, representing a decline of approximately 5.5%[127] - Segment results showed a profit of HK$26,963,000 in 2019, up from HK$23,927,000 in 2018, indicating an increase of about 8.5%[127] Accounting Policies and Standards - The interim financial statements are prepared in accordance with HKAS 34, ensuring compliance with relevant accounting standards[91] - The Group adopted HKFRS 16 for leases, which may impact future financial reporting but did not affect current financials significantly[97] - The Group recognized right-of-use assets and lease liabilities of HK$140,000 as of April 1, 2019, following the adoption of HKFRS 16[106] Related Party Transactions - Related party transactions, including loans from non-controlling shareholders, are classified as continuing connected transactions under Chapter 14A of the Listing Rules[195] - The management fee paid to a related company for administrative services was HK$51,000 for the period, slightly down from HK$52,000 in the previous year[188]