Financial Performance - Total revenue for 2022 was HK$155 million, a decrease of 31.4% from HK$226 million in 2021[7] - Revenue from Mainland China was HK$154.68 million in 2022, down 30.9% from HK$224.03 million in 2021[4] - The company reported a loss attributable to owners of HK$101 million in 2022, compared to a profit of HK$43 million in 2021[7] - Basic and diluted loss per share was HK$1.38 in 2022, compared to earnings of HK$0.58 in 2021[7] - The Group's revenue from continuing operations for the year amounted to approximately HK$155 million, a decrease of HK$71 million compared to the previous year[31] - The loss attributable to the Company's owners was approximately HK$101 million, a turnaround from a profit of approximately HK$43 million in the previous year[31] - The decrease in revenue was mainly due to the decline in the properties development business and the non-recurrence of a one-off gain of approximately HK$69 million from convertible bonds modification recognized in the previous year[31] - The Group recorded a revenue of approximately HK$148 million from loan financing, down from approximately HK$171 million in the previous year[35] - Revenue from loan financing was approximately HK$148 million, a decrease from approximately HK$171 million in the previous year, resulting in a reported profit of approximately HK$88 million[38] - Revenue from property development decreased to approximately HK$7 million, down from approximately HK$55 million, leading to a segment loss of approximately HK$15 million compared to a profit of approximately HK$11 million in the previous year[41] Assets and Liabilities - Total assets increased to HK$4,416 million in 2022, up from HK$3,956 million in 2021, representing a growth of 11.6%[7] - Total liabilities rose to HK$2,942 million in 2022, an increase of 18.5% from HK$2,482 million in 2021[7] - Total equity remained stable at HK$1,475 million in 2022, slightly up from HK$1,474 million in 2021[7] - As of March 31, 2022, the total number of issued shares was 7,356,783,015, with a share capital of HK$73,567,830[45] - The Company has outstanding convertible bonds totaling HK$980 million, with a conversion price of HK$0.80 per share, which could result in the issuance of 1,225,000,000 shares[45] - The total debt to equity ratio improved to 0.61 in 2022 from 1.04 in 2021, while the net debt to equity ratio decreased to 0.51 from 0.83[83] - As of March 31, 2022, the Group's bank borrowing was approximately Nil, while promissory notes and convertible bonds amounted to HK$6 million and HK$893 million respectively[84] Investment Opportunities - The company is exploring investment opportunities in resources, energy projects, property development, financial technology, pharmaceuticals, and the ocean industry[15] - The management team is focused on maximizing investment value through collaboration with high-growth potential enterprises[13] - The Group expects future performance of listed securities investments to be volatile, significantly affected by economic conditions and investor sentiment[34] - The Group is optimistic about the revenue and profit potential from the property development industry in the PRC in the future[19] - The Group will continue to explore investment opportunities in new energy, finance, ocean industry, and property development[25] Operational Efficiency and Cost Management - The Group recorded an allowance for impairment of loan and interest receivables of approximately HK$60 million, compared to a reversal of approximately HK$20 million in the previous year[35] - The Group plans to further develop its loan financing segment to earn higher interest income[38] - The Group's performance in the future will be influenced by the overall economic environment, market conditions, and the performance of invested companies[37] - Gross profit decreased by approximately HK$55 million, or 26.5%, from approximately HK$208 million in 2021 to approximately HK$153 million in 2022, while the gross profit margin increased from approximately 92.2% to approximately 98.8%[68] - Selling and distribution costs decreased to approximately HK$11 million in 2022 from approximately HK$14 million in 2021, attributed to reduced marketing expenses[70] - General and administrative expenses decreased to approximately HK$43 million in 2022 from approximately HK$45 million in 2021, due to cost-saving measures[70] Corporate Governance - The board of directors emphasized the importance of corporate governance, stating compliance with all relevant codes and regulations during the reporting period[124] - The Company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all Directors for the year ended March 31, 2022[125] - The Board held 4 regular meetings during the year ended March 31, 2022, with individual attendance records available in the report[143] - The Board is responsible for corporate governance duties as per code provision D.3.1 of the CG Code[133] - The Company has arranged appropriate insurance cover for Directors' liabilities arising from corporate activities[135] - The Board comprises Executive Directors and Independent Non-executive Directors, ensuring a balanced composition for objective decision-making[138] - All independent non-executive Directors have provided written annual confirmation of their independence[140] - The Company will regularly review the composition of the Board to ensure it meets the business development needs[138] - The Company aims to ensure that all Board appointments are based on meritocracy while considering diversity[182] Future Projections - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $625 million[118] - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[122] - The Company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[118] - The Company has set a revenue guidance of HKD 1.5 billion for the upcoming fiscal year, indicating an expected growth of 25%[151] - New product launches are anticipated to contribute an additional HKD 300 million in revenue, with a focus on enhancing user engagement and retention[151] - The Company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of up to HKD 500 million allocated for potential deals[151]

Financial Performance - Revenue for the six months ended September 30, 2021, was HK$77,918,000, a decrease of 42% compared to HK$134,147,000 in the same period of 2020[13] - Gross profit for the same period was HK$77,331,000, down 35.4% from HK$119,638,000 in 2020[13] - Loss before tax amounted to HK$51,280,000, compared to a profit of HK$86,502,000 in the prior year[13] - The net loss for the period was HK$62,675,000, a significant decline from a profit of HK$71,961,000 in the previous year[13] - Basic and diluted loss per share was HK$0.85, compared to earnings of HK$0.98 per share in 2020[13] - Total comprehensive expense for the period was HK$39,338,000, contrasting with total comprehensive income of HK$186,246,000 in the same period last year[15] - The total comprehensive income for the period ended September 30, 2021, was HK$23,337,000, compared to HK$186,246,000 for the same period in 2020, showing a decline of 87.5%[28] - Profit for the period for the six months ended September 30, 2021, was HK$62,675,000, a decrease from HK$71,961,000 in the previous year, representing a decline of 12.9%[28] Assets and Liabilities - As of September 30, 2021, total assets amounted to HK$3,900,921,000, an increase from HK$3,873,047,000 as of March 31, 2021[17] - Current liabilities increased significantly to HK$1,694,870,000 from HK$1,282,129,000, primarily due to a rise in contract liabilities[20] - The company reported net current assets of HK$2,206,051,000, a decrease from HK$2,590,918,000[20] - Total equity decreased to HK$1,434,514,000 from HK$1,473,869,000, reflecting a decline in reserves[20] - Cash and cash equivalents dropped significantly to HK$125,046,000 from HK$306,515,000, indicating liquidity challenges[17] - Total liabilities increased to HK$2,550,702 as of 30 September 2021, compared to HK$2,482,233 as of 31 March 2021, marking an increase of approximately 2.8%[63] Cash Flow - For the six months ended September 30, 2021, net cash generated from operating activities was HK$302,603,000, compared to HK$165,684,000 for the same period in 2020, representing an increase of 82.7%[29] - The net cash used in financing activities for the six months ended September 30, 2021, was HK$500,902,000, compared to net cash generated of HK$62,051,000 in 2020, indicating a significant shift in cash flow[29] - Cash and cash equivalents at the end of the period were HK$125,046,000, down from HK$254,501,000 at the end of the same period in 2020, reflecting a decrease of 50.9%[29] Segment Performance - For the six months ended September 30, 2021, the total revenue was HK$77,918,000, with external revenue from securities trading business at HK$40,000, loan financing business at HK$75,285, and properties development business at HK$2,593[55] - The segment profit for the securities trading business was a loss of HK$7,448, while the loan financing business generated a profit of HK$48,886, and the properties development business incurred a loss of HK$7,932, resulting in a total segment profit of HK$33,506[55] - The Group recorded a revenue of approximately HK$3 million from property development during the period, down from approximately HK$50 million in 2020, with a segment loss of approximately HK$8 million[164] - Loan financing revenue was approximately HK$75 million, a decrease from approximately HK$84 million in 2020, with segment profit of approximately HK$49 million[157] Investments and Development - The company has a significant amount of development properties valued at HK$1,089,533,000, reflecting ongoing investment in future projects[17] - The Group has been exploring investment opportunities in resources and energy projects, properties development, financial technology, pharmaceutical, and ocean industry[175] - The Group anticipates further revenue and positive results from property development in the coming years upon completion of properties under development[164] Debt and Financing - Finance costs for the period were HK$70,501,000, slightly down from HK$70,633,000 in 2020[13] - The effective interest expense on convertible bonds decreased to HK$63,673,000 in 2021 from HK$70,132,000 in 2020, a reduction of 9%[89] - The Group issued convertible bonds with a total principal value of HK$279,500,000 at a 7% coupon rate, convertible into 328,823,529 shares at HK$0.85 per share[133] - The Group further issued convertible bonds totaling HK$630,000,000, also convertible at the same rate of HK$0.85 per share into 741,176,471 shares[133] Shareholder Information - The company did not pay or propose any dividends during the six months ended September 30, 2021, or 2020[102] - The Board resolved not to declare an interim dividend for the six months ended 30 September 2021, compared to nil in 2020[196] - As at 30 September 2021, the total number of issued shares was 7,356,783,015, with an issued share capital of approximately HK$73,567,830[165] Regulatory Compliance - The Company is required to maintain a register of interests and short positions as mandated by the Securities and Futures Ordinance[200] - The interests and short positions of the Directors and chief executive in the Company's ordinary shares and underlying shares are recorded as per the Securities and Futures Ordinance[199]

DINGYI GROUP INVESTMENT LIMITED 鼎億集團投資有限公司 (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock Code 股份代號: 508) 2021 Annual Report 年報 01.47 TIME THE Contents 目錄 | --- | --- | --- | |--------------------------------------------------------------------------|--------------------------|-----------| | | | Page 頁次 | | Financial Summary | 財務概要 | 2 | | Corporate Information | 企業資料 | 4 | | Chairman's Statement | 主席報告 | 6 | | Management Discussion and Analysis | 管理層討論及分析 | 9 | | Financial Review | ...

Financial Performance - Revenue for the six months ended September 30, 2020, was HK$134,147,000, representing an increase of 42.1% compared to HK$94,450,000 in the same period of 2019[13]. - Gross profit for the same period was HK$119,638,000, with a gross profit margin of approximately 89.2%[13]. - Profit for the period was HK$71,961,000, a significant recovery from a loss of HK$201,874,000 in the prior year[13]. - Basic and diluted earnings per share were HK$0.98, compared to a loss per share of HK$2.75 in the previous year[13]. - The company reported a gain on modification of convertible bonds amounting to HK$69,321,000[13]. - Total comprehensive income for the period was HK$186,246,000, a recovery from a total comprehensive loss of HK$352,607,000 in the previous year[15]. - The financial results indicate a positive outlook for the company, with a strong recovery in profitability and revenue growth[13]. Assets and Liabilities - Non-current assets increased to HK$97,861,000 as of September 30, 2020, up from HK$93,605,000 as of March 31, 2020[17]. - Current assets rose to HK$3,261,040,000, compared to HK$2,694,663,000 as of March 31, 2020, indicating improved liquidity[17]. - The company’s total equity increased to HK$1,402,079,000 as of September 30, 2020, from HK$1,215,833,000 as of March 31, 2020[20]. - Current liabilities increased significantly to HK$859,096,000 from HK$624,356,000, reflecting higher operational obligations[20]. - The Group's total assets increased to HK$3,358,901,000 as of September 30, 2020, compared to HK$2,788,268,000 as of March 31, 2020[62]. - The total liabilities of the Group were HK$1,956,822,000 as of September 30, 2020, up from HK$1,572,435,000 as of March 31, 2020[62]. Cash Flow - The company reported cash and cash equivalents of HK$254,501,000, a substantial increase from HK$21,367,000 as of March 31, 2020, indicating improved cash flow management[17]. - Net cash generated from operating activities for the six months ended September 30, 2020, was HK$165,684, compared to a cash outflow of HK$117,803 in the same period of 2019[25]. - The net increase in cash and cash equivalents for the period was HK$227,838, a significant improvement from a decrease of HK$8,947 in the prior year[25]. - Cash and cash equivalents at the end of the period stood at HK$254,501, up from HK$19,773 at the end of the same period in 2019[25]. Segment Performance - For the six months ended September 30, 2020, the Group's total revenue was HK$134,147,000, with external revenue from the loan financing business contributing HK$84,124,000 and properties development business contributing HK$50,015,000[50]. - The segment profit for the securities trading business was HK$14,190, while the loan financing business generated a profit of HK$61,701, and the properties development business contributed HK$26,642, leading to a total segment profit of HK$102,533,000[50]. - The Group recorded a revenue of approximately HK$50 million in properties development, up from approximately HK$14 million in 2019, with a segment profit of approximately HK$27 million compared to approximately HK$5 million in the previous year[190]. - The Group's loan financing segment recorded revenue of approximately HK$84 million, an increase from approximately HK$80 million in 2019, with a segment profit of approximately HK$62 million[189]. Impairment and Risk Management - Allowance for impairment of loan and interest receivables was HK$21,072,000, indicating a focus on managing credit risk[13]. - The loan financing business experienced an allowance for impairment of loan and interest receivables amounting to HK$21,072,000[50]. - The total allowance for impairment of loan and interest receivables was HK$199,510,000, up from HK$178,438,000, indicating a 12% increase[123]. Shareholder Information - The profit attributable to the owners of the Company for the six months ended September 30, 2020, was HK$71,961,000, a turnaround from a loss of HK$201,874,000 in 2019[115]. - The total number of issued shares as of September 30, 2020, was 7,357,008,015 shares, with a total issued capital of approximately HKD 73,570,080[197]. - No dividends were paid or proposed during the six months ended September 30, 2020, and 2019[118]. Convertible Bonds - The company reported a gain on modification of convertible bonds amounting to HK$69,321,000[13]. - The total liability component as of September 30, 2020, was HK$1,068,694,000, consisting of HK$292,571,000 for CB 3 and HK$776,123,000 for CB 4[148]. - The Group extended the maturity date of convertible bonds (CB 3) with principal amounts of HK$220,000,000 and HK$59,500,000 to 31 May 2021, resulting in a gain of approximately HK$56,924,000 recognized in profit or loss[157][158].

Financial Performance - Revenue for the six months ended September 30, 2019, was HK$94,450,000, a decrease of 32.0% compared to HK$139,013,000 in the same period of 2018[33] - Loss before tax increased to HK$185,827,000, compared to a loss of HK$85,405,000 in the prior year, reflecting a significant deterioration in financial performance[33] - The total comprehensive expense for the period was HK$352,607,000, compared to HK$278,491,000 in the same period of 2018, indicating increased financial strain[35] - Loss for the period attributable to the owners of the Company was HK$201,874,000, significantly higher than HK$93,351,000 in the previous year[35] - Basic and diluted loss per share for the period was HK$2.75, compared to HK$1.32 in the same period of 2018, reflecting a worsening loss per share[33] Operational Expenses - Selling and distribution costs decreased to HK$2,272,000 from HK$2,870,000, showing a reduction in operational expenses[33] - Finance costs for the period were HK$69,600,000, down from HK$78,803,000, indicating some improvement in financing expenses[33] - General and administrative expenses surged to HK$179,820,000 from HK$42,872,000, highlighting a significant increase in operational overheads[33] Assets and Liabilities - As of September 30, 2019, total assets amounted to HK$2,683,072,000, a decrease from HK$2,780,127,000 as of March 31, 2019, representing a decline of approximately 3.5%[37] - Current liabilities increased significantly from HK$482,707,000 to HK$639,785,000, reflecting a rise of 32.5%[40] - The equity attributable to the owners of the Company decreased from HK$1,531,378,000 to HK$1,336,591,000, a decline of approximately 12.7%[40] - Total equity decreased from HK$1,531,378,000 to HK$1,336,596,000, a decrease of approximately 12.7%[40] - Cash and cash equivalents decreased from HK$29,844,000 to HK$19,773,000, a drop of 33.8%[37] Cash Flow - Net cash used in operating activities was HK$117,803,000, compared to HK$75,449,000 for the same period in 2018, representing an increase of 56%[49] - Net cash generated from investing activities was HK$49,000, a significant decrease from HK$34,595,000 in the previous year[49] - Net cash generated from financing activities was HK$108,807,000, compared to a net cash used of HK$11,326,000 in the same period last year[49] - Cash and cash equivalents at the end of the period decreased to HK$19,773,000 from HK$45,697,000 in the previous year, a decline of 57%[49] Segment Performance - For the six months ended September 30, 2019, external revenue reached HK$94,450,000, with HK$79,675,000 from loan financing and HK$850,000 from food and beverages[152] - The securities trading segment reported a loss of HK$21,635,000, while the loan financing segment generated a profit of HK$78,636,000[152] - The food and beverages segment generated external revenue of HK$850,000, indicating a focus on restaurant business growth[152] - The loan financing business segment reported assets of HK$2,061,428,000, down from HK$2,151,463,000[166] Accounting Policies and Changes - The company applied HKFRS 16 for the first time, which superseded HKAS 17, impacting the accounting policies and financial statements[61] - The Group's accounting policies for the interim period are consistent with those used in the preparation of the annual financial statements for the year ended March 31, 2019[53] - The Group recognized additional lease liabilities and right-of-use assets at amounts equal to the related lease liabilities adjusted by any prepaid or accrued lease payments as of April 1, 2019[112] - The application of HKFRS 16 had no material impact on the Group's financial performance for the prior period[131] Market Performance - Revenue from the PRC market was HK$14,758,000 for the period ended 30 September 2019, compared to HK$69,597,000 in 2018, indicating a significant drop of about 78.8%[195] - The Group's revenue from contract with external customers in Hong Kong was HK$10,095,000 for the period ended 30 September 2019, down from HK$23,717,000 in 2018, a decrease of approximately 57.5%[195] - No single customer accounted for 10% or more of the total revenue for the periods ended 30 September 2019 and 2018, suggesting a diversified customer base[200]

DlNGYl GROUP INVESTMENT LIMITED 鼎億集團投資有限公司 (Incorporated in Bermuda with limited liability) (於百慕達註冊成立方有限公司) (Stock Code 股份代號: 508) 2019 年報 ANNUAL REPORT Contents 目錄 Page 頁次 | --- | --- | |-------------------------------------------------------------------------------------------|--------------------------| | | | | Financial Summary | 財務概要 | | Corporate Information | 企業資料 | | Chairman's Statement | 主席報告 | | Management Discussion and Analysis | 管理層討論及分析 | | Management Profile | 管理層簡介 | | Financial Review | 財務 ...