Share Option Plan - The new share option plan allows for a maximum of 80,149,981 shares to be granted, representing 30% of the company's issued share capital as of March 31, 2024, which totals 267,166,606 shares[6] - No share options were issued under the new share option plan during the fiscal year ending March 31, 2024, with a remaining term of 7.42 years[9] - The maximum number of share options that can be granted to any participant within a twelve-month period is capped at 1% of the company's issued share capital[6]

Financial Performance - The group reported a basic loss per share of approximately HKD 0.154, compared to a loss of HKD 0.519 for the same period in 2023[7]. - The operating loss for the period was HKD 33,602,000, significantly improved from an operating loss of HKD 132,472,000 in the previous year, indicating a reduction of about 74.7%[26]. - The total comprehensive loss for the period was HKD 34,651,000, compared to HKD 154,768,000 in the prior year, reflecting a decrease of approximately 77.7%[27]. - The company reported a loss attributable to owners of the company of HKD 41,085,000, a substantial improvement from HKD 138,495,000 in the same period last year, marking a reduction of about 70.3%[26]. - The group reported a pre-tax loss of HKD 37,314,000 for the six months ended September 30, 2024, compared to a loss of HKD 136,165,000 in the same period last year, indicating a significant improvement[81]. - The net loss for the review period was approximately HKD 41.09 million, a significant reduction from a net loss of HKD 138.50 million in the previous year[132]. Revenue and Income - The company reported revenue of HKD 49,221,000 for the six months ended September 30, 2024, an increase from HKD 42,718,000 in the same period last year, representing a growth of approximately 15.6%[26]. - Revenue from external customers for the six months ended September 30, 2024, was HKD 49,221,000, an increase of 15% compared to HKD 42,718,000 for the same period in 2023[71]. - The income from property investment was HKD 7,154,000, a decrease of 10% from HKD 7,971,000 in the previous year[84]. - Loan interest income and sales of goods amounted to HKD 37,364,000, up from HKD 34,747,000, reflecting an increase of approximately 8%[88]. - The total rental income recorded for the six months ended September 30, 2024, was approximately HKD 7.15 million, with the lending business generating stable interest income of about HKD 37.36 million[131]. - The group's total revenue for the review period was approximately HKD 49.22 million, an increase from HKD 42.72 million in the previous year, attributed to the new general trading business[132]. Assets and Liabilities - The total assets of the company as of September 30, 2024, were HKD 690,769,000, compared to HKD 713,943,000 as of March 31, 2024, showing a slight decrease of approximately 3.2%[29]. - The total liabilities increased to HKD 213,359 thousand as of September 30, 2024, compared to HKD 201,949 thousand as of March 31, 2024[69]. - The total assets less current liabilities amounted to HKD 567,862 thousand as of September 30, 2024, down from HKD 595,425 thousand as of March 31, 2024[43]. - The net asset value decreased to HKD 477,410 thousand from HKD 512,061 thousand over the same period[43]. - The company's current assets net value was HKD 67,824 thousand as of September 30, 2024, down from HKD 305,492 thousand[43]. - The non-current liabilities, including interest-bearing bank borrowings, rose to HKD 90,452 thousand from HKD 83,364 thousand[43]. Cash Flow - For the six months ended September 30, 2024, the net cash used in operating activities was HKD (3,522) thousand, compared to HKD 3,300 thousand for the same period in 2023[33]. - The net cash generated from financing activities was HKD 4,434 thousand, a significant improvement from the net cash used of HKD (4,275) thousand in the previous year[33]. - The cash and cash equivalents at the end of the period increased to HKD 1,560 thousand from HKD 1,264 thousand in the previous year[33]. - The company reported a net increase in cash and cash equivalents of HKD 912 thousand for the six months ended September 30, 2024, compared to HKD 368 thousand in the same period last year[33]. Investment Properties - As of September 30, 2024, the group's investment properties were revalued at approximately HKD 185,494,000, down from HKD 277,160,000 as of April 1, 2023[1]. - The group reported a fair value loss of HKD 3,624,000 on investment properties for the six months ended April 1, 2024[8]. - The company’s investment properties were valued at HKD 177,159,000, a slight increase from HKD 177,063,000 as of March 31, 2024[29]. - The total revenue from the investment property segment decreased by 10% year-on-year, while the loan business segment showed growth[84]. Corporate Governance and Compliance - The company has complied with the corporate governance code, except for deviations regarding the roles of the chairman and CEO, and the attendance of the chairman at the annual general meeting[159][172]. - The group has not declared any interim dividend for the six months ended September 30, 2024, consistent with the previous year[6]. - No interim dividend was recommended for the six months ended September 30, 2024, consistent with the previous year[152]. Legal and Regulatory Matters - The group is currently involved in a legal dispute seeking 40 million HKD in damages related to a breach of a placement and underwriting agreement[116]. Employee Information - As of September 30, 2024, the company had 26 employees, with compensation determined based on statutory minimum wage, market terms, and individual performance[163].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 49,221,000, an increase from HKD 42,718,000 in the same period last year, representing a growth of approximately 15.6%[4] - Gross profit for the same period was HKD 44,566,000, compared to HKD 42,718,000 in the previous year, indicating a gross margin improvement[4] - The company reported a loss before tax of HKD 37,314,000, a significant reduction from a loss of HKD 136,165,000 in the prior year, reflecting a decrease of approximately 72.6%[4] - Total comprehensive loss for the period was HKD 34,651,000, down from HKD 154,768,000 in the previous year, showing a reduction of about 77.7%[7] - The company recorded a loss per share of HKD 15.38 for the current period, an improvement from HKD 51.84 in the same period last year[4] - The company reported a net loss of approximately HKD 41.09 million for the six months ended September 30, 2024, compared to a net loss of HKD 138.50 million for the same period in 2023, indicating a significant improvement[53] Revenue Segments - For the six months ended September 30, 2024, the total revenue from external customers was HKD 49,221,000, an increase of 15.5% compared to HKD 42,718,000 for the same period in 2023[24] - The property investment segment generated revenue of HKD 7,154,000, down 10.3% from HKD 7,971,000 in the previous year[24] - The lending business segment reported revenue of HKD 37,364,000, up 7.5% from HKD 34,747,000 in the prior year[24] - The general trading business segment contributed HKD 4,703,000 in revenue, which was not present in the previous year's results[24] - Rental income from investment properties for the same period was approximately HKD 7.15 million[52] - The total loan portfolio reached approximately HKD 657 million with an average interest rate of 11.18%, generating interest income of about HKD 37.36 million[52] Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 500,038,000, an increase from HKD 289,933,000 as of March 31, 2024[10] - Current liabilities were reported at HKD 122,907,000, slightly up from HKD 118,518,000 in the previous period[10] - The total assets of the reporting segments amounted to HKD 663,636,000 as of September 30, 2024, a decrease from HKD 689,435,000 as of March 31, 2024[26] - The total liabilities of the reporting segments were HKD 184,616,000 as of September 30, 2024, compared to HKD 181,960,000 as of March 31, 2024[26] - The company’s total assets decreased from HKD 713,945,000 as of March 31, 2024, to HKD 690,769,000 as of September 30, 2024[26] - As of September 30, 2024, the company's net current assets were approximately HKD 67.82 million, down from HKD 305.49 million as of March 31, 2024[56] - The company's bank borrowings amounted to approximately HKD 86 million, with a debt-to-equity ratio of about 18.05%[56] Investments and Financial Position - The valuation loss on investment properties was HKD 3,624,000, compared to a gain of HKD 1,959,000 in the previous year, indicating a shift in market conditions[4] - The company recorded a significant decrease in expected credit loss provisions for loans and interest, amounting to HKD 74.68 million compared to HKD 61.57 million in the previous year[35] - As of September 30, 2024, the group has mortgaged investment properties valued at approximately HKD 154 million to secure loans from its wholly-owned subsidiary Shanghai Xiangchenxing Property Co., Ltd.[60] - The company did not have any significant investments that accounted for more than 5% of total assets as of September 30, 2024[57] Corporate Governance and Compliance - The company has not applied new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and it is currently assessing their potential impact[19] - The company did not recommend any interim dividend for the six months ended September 30, 2024[50] - The company has adhered to the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual.[67] - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting process and internal controls of the group.[69] - The interim financial statements for the period have been reviewed by the company's auditor, with no reservations noted in their report.[70] - The company has adopted a standard code of conduct for directors regarding securities trading, with no known violations reported.[71] Employment and Future Plans - The group employed 26 staff members as of September 30, 2024, with compensation based on statutory minimum wage, market terms, and individual performance.[64] - The group plans to continue seeking potential trade opportunities and suitable investment properties to increase rental income, while also focusing on its lending business for stable revenue.[65] - There were no acquisitions or disposals of subsidiaries during the six months ending September 30, 2024.[63] - There were no purchases, redemptions, or sales of the company's listed securities during the six months ending September 30, 2024.[66]

Financial Performance - The group's revenue for the fiscal year ending March 31, 2024, was approximately HKD 66,390,000, a decrease of about 2.7% compared to HKD 68,260,000 in the previous year[35] - The net loss for the year ended March 31, 2024, was approximately HKD 130,820,000, compared to a net loss of approximately HKD 57,180,000 for the previous year, resulting in a basic loss per share of HKD 0.49[70] - Rental income recorded for the year was approximately HKD 19,740,000[37] - The group incurred a loss primarily due to expected credit losses from receivables amounting to HKD 38,030,000 and valuation losses on investment properties of HKD 7,870,000, with a one-time loss of HKD 57,050,000 due to government land acquisition[47] Expenses and Costs - Administrative expenses for the year were approximately HKD 25,650,000, an increase of about 34% from HKD 16,920,000 in the previous year, attributed to the normalization of business activities[36] - Financing costs for the year were approximately HKD 7,500,000, down from HKD 9,050,000 in the previous year[36] - The group's total auditor fees for the year were approximately HKD 1,092,000, unchanged from the previous year[21] Assets and Liabilities - As of March 31, 2024, the total loan portfolio reached approximately HKD 646,240,000, with an average interest rate of 11.20%, generating interest income of approximately HKD 46,650,000 during the year[72] - The group's bank borrowings as of March 31, 2024, were approximately HKD 78,470,000, a decrease from HKD 86,740,000 in the previous year[87] - The net current assets of the group were approximately HKD 305,490,000 as of March 31, 2024, down from HKD 344,860,000 in the previous year[113] - The total reserves available for distribution to shareholders were approximately HKD 453,401,000 as of March 31, 2024, compared to approximately HKD 491,631,000 in the previous year[111] Risk Management and Compliance - The group maintained effective and adequate risk management and internal control systems as of March 31, 2024[21] - The company has complied with the relevant listing rules regarding the issuance of loans to borrowers as of March 31, 2024[61] - The management and board conduct quarterly reviews to monitor loan recoverability and identify potential risks[56] - The company’s credit risk assessment process includes evaluating clients' credit status, financial condition, and repayment ability[74] Corporate Governance - The board of directors is responsible for ensuring the implementation of the group's overall strategy and coordinating business operations[1] - The board consists of six members, including three executive directors and three independent non-executive directors[196] - The chairman also serves as the CEO, which deviates from the Corporate Governance Code, but the board believes this structure facilitates strong leadership and effective decision-making[176] - The company has established a remuneration committee that met once during the reporting period to review and approve management's compensation proposals[191] Business Operations - The group’s business activities primarily included property investment and lending operations during the review year[48] - The group plans to continue expanding its property investment business to increase rental income and maintain focus on its lending business for stable revenue[86] - The company holds a money lender license under the Money Lenders Ordinance in Hong Kong, providing loans to both corporate and individual clients[73] Shareholder Information - The board of directors did not recommend any dividend distribution for the fiscal year ending March 31, 2024[125] - The company has not entered into any equity-linked agreements during the fiscal year ending March 31, 2024[129] - The company has not disclosed any significant related party transactions in the financial statements[142] Audit and Reporting - The audit committee consists of three independent non-executive directors, responsible for reviewing the independence of external auditors and internal control systems[181] - The environmental, social, and governance report will be published on July 31, 2024, detailing the company's policies and performance[150] - The company has not disclosed any significant events after the reporting period[167]

Financial Performance - The group's revenue for the year ended March 31, 2024, was HKD 66,393,000, a decrease of 2.6% from HKD 68,255,000 in the previous year[3]. - The group reported a total annual loss of HKD 130,815,000, significantly higher than the loss of HKD 57,180,000 in the previous year, marking an increase of 128.5%[3][5]. - Basic and diluted loss per share was HKD 49.0, compared to HKD 21.4 in the previous year, reflecting a 128.5% increase in loss per share[5]. - Total comprehensive income for the year was HKD (144,034,000), compared to HKD (80,931,000) in the previous year, indicating a decline of 77.5%[7]. - The group reported a total segment loss before tax of HKD (107,869,000), significantly higher than the loss of HKD (42,947,000) in the previous year, indicating a deterioration in performance[25]. - The audited net loss for the year was approximately HKD 130,820,000, compared to a net loss of approximately HKD 57,180,000 in the previous year, with a basic loss per share of HKD 0.49[52]. Asset and Liability Management - Non-current assets decreased to HKD 289,933,000 from HKD 424,664,000, a reduction of 31.7%[9]. - Current assets decreased to HKD 424,010,000 from HKD 443,870,000, a decline of 4.5%[9]. - The group's total liabilities increased to HKD 118,518,000 from HKD 99,009,000, an increase of 19.7%[9]. - The group's net asset value decreased to HKD 512,061,000 from HKD 656,095,000, a decline of 22%[9]. - Total segment assets as of March 31, 2024, were HKD 665,648,000, a decrease from HKD 815,506,000 in the previous year[23]. - The group's bank borrowings as of March 31, 2024, were approximately HKD 78,470,000, down from HKD 86,740,000 in 2023, with a debt-to-equity ratio of approximately 15.32% compared to 13.22% in 2023[57]. Revenue Breakdown - For the fiscal year ending March 31, 2024, total revenue from the property investment segment was HKD 19,739,000, a decrease of 20.4% from HKD 24,779,000 in the previous year[23]. - The lending business segment generated revenue of HKD 46,654,000, an increase of 7.0% compared to HKD 43,476,000 in the prior year[23]. - Total reported segment revenue for the group was HKD 66,393,000, down 2.6% from HKD 68,255,000 in the previous year[25]. - Interest income from lending activities for the year was approximately HKD 46,650,000[55]. - Rental income for the year was approximately HKD 19,740,000[55]. Expenses and Losses - The fair value change of investment properties resulted in a loss of HKD 7,868,000, compared to a loss of HKD 51,950,000 in the previous year[3]. - The group incurred financing costs of HKD 7,529,000, down from HKD 9,050,000 in the previous year, indicating improved cost management[29]. - Administrative expenses for the year were approximately HKD 25,650,000, an increase of about 34% from HKD 16,920,000 in the previous year[52]. - The group recorded a significant one-time loss of HKD 57,050,000 due to government land acquisition[52]. - The group reported a net loss from foreign exchange of HKD (39,068,000) for the year, contrasting with a gain of HKD 480,000 in the prior year, highlighting increased volatility in currency markets[27]. Corporate Governance and Compliance - The group has not applied any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to accounting changes[13]. - The group has adopted a clear set of guidelines for corporate governance, maintaining compliance with the relevant codes and principles[66]. - The audit committee has reviewed the financial statements for the year ended March 31, 2024, confirming compliance with applicable accounting standards[69]. - All directors confirmed adherence to the standard code of conduct for securities trading during the year ended March 31, 2024[71]. - The annual report for the year ended March 31, 2024, will be published in accordance with the listing rules and made available to shareholders[72]. Dividends and Shareholder Returns - The group did not recommend any dividend for the fiscal year ending March 31, 2024, consistent with the previous year[33]. - The company has not engaged in any buybacks or sales of its listed securities during the year ended March 31, 2024[65]. - There were no acquisitions or disposals of subsidiaries or associates during the year ended March 31, 2024[64].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 42,718,000, a slight decrease of 0.5% compared to HKD 42,947,000 in the same period last year[8]. - The operating loss for the period was HKD 132,472,000, compared to an operating loss of HKD 93,967,000 in the prior year, indicating a deterioration in operational performance[8]. - The pre-tax loss increased to HKD 136,165,000 from HKD 98,810,000 year-on-year, reflecting ongoing challenges in the business environment[8]. - The total comprehensive loss for the period was HKD 154,768,000, compared to HKD 112,877,000 in the same period last year, highlighting increased financial strain[10]. - The company reported a basic and diluted loss per share of HKD 0.5184, worsening from HKD 0.3422 in the previous year[8]. - The company reported a total of HKD 368,111,000 in receivable loans as of September 30, 2023, down from HKD 475,303,000 as of March 31, 2023[62]. - The company reported a significant increase in accumulated losses, reaching HKD 1.80 billion as of September 30, 2023, compared to HKD 1.66 billion as of April 1, 2023[15]. - The company incurred a tax expense of HKD 2,330,000 for the six months ended September 30, 2023, compared to a tax credit of HKD 7,382,000 in the same period of 2022[44]. - The group reported a net loss of approximately HKD 138.50 million for the six months ended September 30, 2023, compared to a net loss of approximately HKD 91.43 million in 2022, primarily due to a one-time loss of approximately HKD 57.05 million from the sale of an investment property[79]. Asset and Liability Management - As of September 30, 2023, total assets amounted to HKD 689,218,000, down from HKD 868,534,000 as of March 31, 2023, indicating a decline in asset value[12]. - The company's net asset value decreased to HKD 501,327,000 from HKD 656,095,000, reflecting a significant reduction in equity[13]. - Total liabilities as of September 30, 2023, were HKD 187,891,000, a decrease of 11.5% from HKD 212,439,000 as of March 31, 2023[34]. - The expected credit loss provision for receivable loans increased to HKD 229,346,000 as of September 30, 2023, compared to HKD 171,631,000 as of March 31, 2023[62]. - The group's current assets net value was approximately HKD 291 million, down from HKD 345 million as of March 31, 2023[80]. - The group had bank borrowings of approximately HKD 83 million as of September 30, 2023, an increase from HKD 45 million as of March 31, 2023[80]. Revenue Breakdown - The property investment segment generated revenue of HKD 7.97 million, down 19.7% from HKD 9.94 million in the previous year[31]. - The lending business segment reported revenue of HKD 34.75 million, an increase of 5.3% from HKD 33.01 million in the prior year[31]. - Revenue from investment properties for the six months ended September 30, 2023, was HKD 7,971,000, down 19.7% from HKD 9,942,000 in the same period of 2022[35]. - Revenue from external customers in Hong Kong decreased to HKD 27,779,000, down 15.5% from HKD 33,005,000 in the previous year[38]. - Revenue from external customers in China increased significantly to HKD 14,939,000, up 50.5% from HKD 9,942,000 year-on-year[38]. Investment Properties and Valuation - The company experienced a valuation gain of HKD 1,959,000 from investment properties, a significant improvement from a loss of HKD 38,341,000 in the previous year[8]. - As of September 30, 2023, the valuation of investment properties was approximately HKD 185,494,000, down from HKD 326,353,000 on April 1, 2022, reflecting a revaluation loss of HKD 38,341,000 and exchange rate adjustments of HKD (14,400,000)[51]. - The group has mortgaged investment properties valued at approximately HKD 156,331,000 as of September 30, 2023, compared to HKD 164,093,000 as of March 31, 2023[52]. - The group’s investment properties are entirely held in China, and they are leased to third parties under operating leases[51]. - The group’s investment properties were revalued by an independent professional valuer, demonstrating compliance with recognized professional qualifications[51]. Cash Flow and Liquidity - Cash and bank balances increased to HKD 1,264,000 from HKD 971,000, indicating a slight improvement in liquidity[12]. - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 3.3 million, a decrease of 82% from HKD 18.55 million in the prior year[17]. - The cash and cash equivalents at the end of the reporting period were HKD 1.26 million, a decrease of 86% from HKD 9.10 million at the end of the previous year[17]. Corporate Governance and Compliance - The company has adopted a standard code of conduct for securities trading by its directors, ensuring compliance with regulations[93]. - The company has complied with the corporate governance code, except for deviations regarding the roles of the chairman and CEO, which are held by the same individual[102]. - The audit committee consists of three independent non-executive directors, responsible for reviewing the financial reporting process and internal controls[103]. - The interim financial statements for the period have been reviewed by the company's auditor, with no reservations noted in their report[105]. Management and Operational Focus - The company continues to focus on its core business segments of property investment and lending, with separate management for each segment to optimize performance[26]. - The group plans to continue seeking suitable investment properties and engage with potential tenants to increase rental income[90]. - For the six months ended September 30, 2023, total remuneration for key management personnel was approximately HKD 1,943,000, a decrease of about 29.4% compared to HKD 2,755,000 for the same period in 2022[68].

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的內容概不負責，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份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA PROPERTIES INVESTMENT HOLDINGS LIMITED 中國置業投資控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：736） 截至二零二三年九月三十日止六個月 中期業績公告 中國置業投資控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈本公司及 其附屬公司（統稱「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 期業績，連同去年同期之比較數字如下： ...

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的內容概不負責，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份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA PROPERTIES INVESTMENT HOLDINGS LIMITED * 736 董事會會議召開日期 茲提述中國置業投資控股有限公司（「本公司」）日期為二零二三年六月十六日，二零二三 年六月三十日及二零二三年七月三日之公告，內容有關董事（「董事」）會（「董事會」）會 議，以及刊發二零二三年經審核年度業績。 本公司董事會謹此公佈，本公司將於二零二三年八月八日（星期二）舉行董事會會議，旨 在（其中包括）考慮及酌情批准本公司及其附屬公司截至二零二三年三月三十一日止財政 年度之末期業績。 持續暫停買賣 應本公司要求，本公司股份已自二零二三年七月三日上午九時正起暫停於聯交所買賣， 並將持續暫停買賣，以待刊發二零二三年年度業績。 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 42,947,000, an increase of 1.4% compared to HKD 42,335,000 for the same period in 2021[9] - The group reported a loss of HKD 91,428,000 for the six months ended September 30, 2022, compared to a loss of HKD 746,000 for the same period in 2021[11] - The group’s total comprehensive loss for the period was HKD 112,877,000, compared to a comprehensive income of HKD 2,149,000 in the previous year[11] - The basic and diluted loss per share was HKD 34.22, compared to HKD 0.56 in the previous year[9] - The segment profit before tax for the six months ended September 30, 2022, was a loss of HKD 29,310,000, compared to a profit of HKD 5,605,000 in the same period of 2021[47] - The company reported a significant foreign exchange loss of HKD 38,167,000 for the six months ended September 30, 2022, compared to a gain of HKD 6,414,000 in the same period of 2021[56] - The company reported a total comprehensive income of HKD 658,341,000 for the six months ended September 30, 2022, compared to HKD 737,026,000 for the previous period[21] - The unaudited net loss for the period was approximately HKD 91,430,000, compared to a net loss of approximately HKD 750,000 in the previous year, primarily due to increased interest payment defaults and property valuation losses[137] Asset and Liability Management - Total assets increased to HKD 829,118,000 as of September 30, 2022, compared to HKD 981,118,000 as of March 31, 2022[15] - Non-current assets decreased to HKD 508,341,000 from HKD 444,992,000, primarily due to a reduction in investment properties[15] - Cash and bank balances decreased to HKD 9,101,000 from HKD 16,466,000, indicating a liquidity challenge[15] - As of September 30, 2022, the net current assets decreased to HKD 230,955,000 from HKD 435,042,000 as of March 31, 2022, representing a decline of approximately 47%[16] - Total assets less current liabilities decreased to HKD 739,296,000 from HKD 880,034,000, a reduction of about 16%[16] - The company's equity attributable to owners decreased from HKD 737,026,000 to HKD 624,149,000, reflecting a decline of approximately 15%[16] - Total liabilities as of September 30, 2022, were HKD 204,969,000, a decrease from HKD 244,092,000 as of March 31, 2022, indicating a reduction of about 16%[45] Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 18,547,000, compared to a cash outflow of HKD 13,197,000 in the same period last year[24] - The net cash used in investing activities was HKD 2,496,000, while financing activities resulted in a cash outflow of HKD 17,442,000, compared to an inflow of HKD 5,935,000 in the previous year[24] - The cash and cash equivalents at the end of the period increased to HKD 9,101,000 from HKD 4,495,000 year-on-year[24] - The group’s financing costs were HKD 4,843,000, a slight decrease from HKD 5,195,000 in the previous year[9] - The bank borrowings amounted to approximately HKD 86,050,000, with a debt-to-equity ratio of about 13.79%[139] Investment Properties - The valuation loss on investment properties was HKD 38,341,000, significantly higher than the loss of HKD 8,392,000 in the previous year[9] - As of September 30, 2022, the group's investment properties were valued at HKD 280,747,000, down from HKD 326,353,000 as of March 31, 2022, indicating a revaluation loss[76] - The company’s total income from investment properties was HKD 9,942,000 for the six months ended September 30, 2022, a decrease of 21% from HKD 12,596,000 in the same period of 2021[54] - The total rental income recorded was approximately HKD 9,940,000, with a total floor area of investment properties of about 7,004 square meters, fully leased to third parties[135] Receivables and Loans - Trade and other receivables increased to HKD 76,373,000 from HKD 66,671,000, reflecting improved collection efforts[15] - The total trade receivables as of September 30, 2022, amounted to HKD 76,373,000, a decrease from HKD 96,476,000 as of March 31, 2022[91] - The expected credit loss provision for loans receivable was HKD 172,266,000 as of September 30, 2022, compared to HKD 117,169,000 as of March 31, 2022[93] - The total amount of loans receivable from independent third parties was approximately HKD 562,437,000 as of September 30, 2022, down from HKD 579,809,000 as of March 31, 2022[93] - The company’s interest receivable from lending business was HKD 26,094,000 as of September 30, 2022, an increase from HKD 17,845,000 as of March 31, 2022[91] Corporate Governance and Management - The company has complied with the corporate governance code as of September 30, 2022, except for deviations regarding the roles of the chairman and CEO, which are held by the same individual[164] - The audit committee consists of three independent non-executive directors, responsible for reviewing and supervising the financial reporting process and internal controls[167] - The interim financial statements for the six months ended September 30, 2022, were reviewed by the company's auditor, with no reservations noted in their review report[168] Future Outlook and Strategy - The company continues to focus on property investment and lending as its main business segments, with distinct revenue generation strategies[38] - The company plans to continue seeking suitable investment properties and engage with potential tenants to increase rental income[152] - The company plans to expand its market presence in the Asia-Pacific region, targeting a 3.57% increase in market share[86] - The company’s revenue from new product lines is projected to grow by 2.57% in the upcoming quarter[86]

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 42,335,000, an increase of 30% compared to HKD 32,538,000 for the same period in 2020[13] - The group reported a loss of HKD 746,000 for the period, a significant decrease from a profit of HKD 15,329,000 in the previous year[15] - Total comprehensive income for the period was HKD 2,149,000, down from HKD 22,227,000 in the same period last year[15] - The pre-tax profit for the six months ended September 30, 2021, was HKD 3,820 million, compared to HKD 16,274 million in the previous year[66] - The company reported a total comprehensive income of HKD 2,149,000 for the period, compared to a total comprehensive income of HKD 22,227,000 for the same period last year, indicating a significant decrease[26] - The net loss for the six months ended September 30, 2021, was approximately HKD 750,000, a significant decrease from a net profit of HKD 15,330,000 in the same period last year[136] Asset and Liability Management - Non-current assets as of September 30, 2021, totaled HKD 666,702,000, an increase from HKD 638,701,000 as of March 31, 2021[19] - Total assets less current liabilities remained stable at HKD 805,356,000 compared to HKD 806,140,000 as of March 31, 2021, indicating a slight decrease of 0.1%[21] - The total assets as of September 30, 2021, amounted to HKD 893,311 million, an increase from HKD 872,525 million as of March 31, 2021[50] - The total liabilities as of September 30, 2021, were HKD 234,970 million, up from HKD 216,333 million as of March 31, 2021[50] - The total borrowings as of September 30, 2021, were approximately HKD 125,180,000, with a capital debt ratio of about 17.32% due within one year[137] Cash Flow and Liquidity - Cash and bank balances decreased to HKD 4,495,000 from HKD 11,757,000, reflecting liquidity challenges[19] - The net cash used in operating activities for the six months ended September 30, 2021, was HKD (13,197,000), a significant decline from HKD 3,481,000 in the same period of 2020[30] - The cash and cash equivalents at the end of the period decreased to HKD 4,495,000 from HKD 6,897,000, reflecting a reduction of approximately 34.8%[30] - The financing activities generated a net cash inflow of HKD 5,935,000, contrasting with a net cash outflow of HKD (4,419,000) in the previous year[30] Investment and Financing Activities - The valuation loss on investment properties was HKD 8,392,000, compared to HKD 3,210,000 in the prior year, indicating increased market challenges[13] - The company reported a loss on the valuation of investment properties of HKD 8,392 million for the six months ended September 30, 2021[60] - The company has pledged investment properties valued at approximately HKD 209,820,000 as collateral for bank borrowings[86] - The company’s financing costs for the six months ended September 30, 2021, were HKD 5,195 million, slightly down from HKD 5,294 million in the previous year[65] Operational Efficiency - Trade and other receivables increased to HKD 62,339,000 from HKD 42,715,000, indicating improved collection efforts[19] - The company’s trade receivables due within one month increased to HKD 13,307,000 as of September 30, 2021, from HKD 8,046,000 as of March 31, 2021, showing improved cash flow management[104] - The company’s other receivables, including prepayments and deposits, totaled HKD 19,222,000 as of September 30, 2021, compared to HKD 10,088,000 as of March 31, 2021, indicating a strategic increase in operational liquidity[104] - The group incurred administrative expenses of HKD 2,545,000 for the six months ended September 30, 2020, while no such expenses were reported for the current period[74] Future Outlook and Strategic Initiatives - The company has not provided specific guidance for future performance, reflecting uncertainty in market conditions[15] - The group continues to explore opportunities for market expansion and new product development to enhance revenue streams[15] - The group plans to continue seeking suitable investment properties and engage with potential tenants to increase rental income[148] Corporate Governance and Compliance - The company has complied with the corporate governance code as of September 30, 2021, except for deviations regarding the separation of roles between the chairman and CEO, and the attendance of the chairman at the annual general meeting[159] - The audit committee consists of three independent non-executive directors, responsible for reviewing and supervising the financial reporting process and internal controls[162] - The interim financial statements for the period have been reviewed by the company's auditor, Long Ying (Hong Kong) CPA Limited, in accordance with the relevant standards[163]