Financial Performance - The Group reported interim results for the six months ended September 30, 2022, with comparative figures for the same period in 2021[11]. - The Group's revenue for the Reporting Period was approximately HK$45.4 million, a decrease of approximately HK$2.1 million or 4.4% compared to the same period in 2021[30]. - Revenue from art auction and related business was approximately HK$38.7 million, while revenue from artwork sales increased to approximately HK$6.7 million from approximately HK$0.5 million in the same period last year[30]. - Gross profit decreased by approximately 30.1% to approximately HK$37.4 million, with a gross profit margin dropping to approximately 69.1% from 93.5% in the previous year[31]. - The profit attributable to owners of the Company decreased to approximately HK$7.6 million, representing a decline of approximately 34.5% compared to HK$11.6 million in the same period of 2021[47]. - The total comprehensive loss for the period was HK$7,024,000, compared to a total comprehensive income of HK$11,661,000 in the same period last year[108]. - Basic earnings per share for the six months ended September 30, 2022, was HK1.52 cents, down from HK2.32 cents in the same period of 2021, representing a decline of 34.5%[184]. Expenses and Losses - Other losses amounted to approximately HK$275,000 due to exchange loss during the Reporting Period[32]. - Other income was approximately HK$585,000, primarily from government grants and penalties from buyers, compared to approximately HK$277,000 in the same period last year[33]. - Selling and distribution expenses remained stable at approximately HK$11.9 million, compared to approximately HK$12.0 million in the previous year[40]. - Administrative expenses decreased by approximately 12.5% to approximately HK$15.4 million, mainly due to reduced employee benefits and amortization of intangible assets[41]. - Finance income was approximately HK$31,000, while finance costs were approximately HK$581,000 during the Reporting Period[42]. Assets and Liabilities - Current assets as of 30 September 2022 amounted to approximately HK$504.0 million, a decrease from approximately HK$550.0 million as of 31 March 2022[48]. - Cash and cash equivalents were approximately HK$82.2 million as of 30 September 2022, down from approximately HK$108.7 million as of 31 March 2022[48]. - Interest-bearing bank borrowings were approximately HK$44.4 million as of 30 September 2022, reduced from approximately HK$59.9 million as of 31 March 2022[49]. - Total liabilities increased to HK$256,623,000 as of September 30, 2022, compared to HK$297,060,000 as of March 31, 2022, indicating a decrease of about 13.6%[113]. - The Group's total trade and other receivables stood at HK$250,958,000 as of September 30, 2022, slightly up from HK$250,271,000 as of March 31, 2022, showing a marginal increase of 0.3%[194]. Business Strategy and Development - The Group has strengthened its market position and share in the Chinese and Japanese art auction market in Hong Kong and Japan, enhancing brand recognition[13]. - The Group diversified its business scope by venturing into contemporary artwork and fine & rare whisky and Moutai[13]. - The Group plans to accelerate the formation of its online auction platform to adapt to current trends and enhance the number and scale of online auctions[19]. - The development of an online trading and information platform is aimed at expanding the Group's business and providing flexibility amid economic uncertainty[19]. - The Group aims to establish and enhance its brand image and influence in other major Asian cities and the global market[13]. - The Group has adopted professional marketing techniques to maximize transaction prices of auctioned artworks[13]. - The Group is focused on recruiting high-caliber managers and experts to strengthen its management and operating teams[13]. Governance and Compliance - The Company has complied with the Corporate Governance Code during the Reporting Period[92]. - The audit committee comprises three independent non-executive Directors, ensuring oversight of financial practices[98]. - All Directors confirmed compliance with the required standards for securities transactions during the Reporting Period[93]. - The Company has maintained a sufficient public float as required under the Listing Rules as of the report date[97]. Taxation and Dividends - The Group's effective tax rate during the Reporting Period was 24.9%, slightly up from 24.1% for the six months ended 30 September 2021[46]. - The Group did not hold any material investments or make any significant acquisitions or disposals during the Reporting Period[58]. - The Directors do not recommend the payment of an interim dividend for the Reporting Period[60]. - The Group's assessable profits in Hong Kong are subject to a two-tiered profits tax rate, with the first HK$2 million taxed at 8.25% and profits above this threshold taxed at 16.5%[178]. Employment and Staffing - As of September 30, 2022, the company employed 47 full-time staff across Japan, Hong Kong, Taiwan, and China[70].

Market Position and Business Expansion - The Group has strengthened its market position and share in the Chinese and Japanese art auction market in Hong Kong and Japan, enhancing brand recognition and awareness[13] - The Group diversified its business scope by venturing into contemporary artwork and fine & rare whisky and moutai[13] - The Group aims to expand its business footprint to other potential markets to enhance brand image and influence in major Asian cities and globally[13] - The Group has expanded its market presence from Japan to major cities in Asia, including Hong Kong and Taiwan, since its successful listing in 2018[35] - The Group is actively exploring new auction segments to increase customer numbers and pursue new business opportunities[33] Online Auction Development - The COVID-19 pandemic has led to a shift towards online auction activities, prompting the Group to accelerate the development of its online auction platform[17] - The Group plans to enhance the number and scale of online auctions, introducing diverse collections to meet collectors' needs[17] - The Group's new online integrated platform "Bidding Art" generated revenue of approximately HK$137,000 during the reporting period, promoting Japanese art and facilitating online sales for art stores[29] - The Group plans to further develop its artwork business through an online trading and information platform to meet the increasing demand for online auction sales due to travel restrictions[20] - The Group's online auction platform allows clients to participate and make direct bids during auctions, reflecting a new trend in the auction industry[28] Financial Performance - The Group's revenue for the Reporting Period was approximately HK$79.6 million, a decrease of approximately HK$1.2 million or 1.5% compared to HK$80.8 million in 2021[40] - Revenue from art auction and related business was approximately HK$78.1 million, while revenue from artwork sales was approximately HK$1.5 million, showing a decline from HK$3.3 million in 2021[40] - Gross profit decreased by approximately HK$1.0 million or 1.4% to approximately HK$69.0 million, with a stable gross profit margin of 86.6%[41] - The gross profit margin for art auction and related business was approximately 87.8%, down from 90.0% in 2021, while artwork sales saw an increase in gross profit margin to approximately 25.1% from 8.2%[41] - Selling and distribution expenses were approximately HK$20.4 million, a decrease of approximately HK$0.9 million compared to HK$21.3 million in 2021[47] Management and Governance - The Group has focused on recruiting high-caliber managers and experts to strengthen management and operational teams for sustainable growth[13] - The Group's overall strategy development and business leadership are overseen by Executive Director and Chairman Mr. Ando Shokei, who has over 20 years of experience in auction operations[84] - The management team has extensive backgrounds in the auction industry, with key members having held significant positions in other auction companies prior to joining the Group[95] - The independent non-executive director Mr. Chung Kwok Mo John brings over 20 years of experience in auditing and corporate finance, enhancing the Group's financial management capabilities[96] - The Group's corporate governance practices comply with the Corporate Governance Code, ensuring transparency and accountability[122] Board Structure and Diversity - The Board currently consists of four executive Directors and three independent non-executive Directors, ensuring a balanced governance structure[132] - The independent non-executive Directors represent one-third of the Board, meeting the Listing Rules requirements[140] - The Company has adopted a Board Diversity Policy to enhance the diversity of its Board, recognizing it as a key factor for maintaining competitive advantage[187] - The Nomination Committee is committed to achieving diversity at all levels, considering factors such as gender, age, and professional experience[189] - The Company recognizes the benefits of a diverse Board and aims to maintain an appropriate balance of diversity perspectives relevant to its business growth[190] Employee and Operational Insights - The Group had a total of 38 full-time employees across Japan, Hong Kong, Taiwan, and the PRC as of March 31, 2022[80] - The Group's treasury policy emphasizes risk control and prudent management of funds, primarily in Japanese Yen and Hong Kong dollars[76] - The Group does not currently have a foreign currency hedging policy but will monitor exchange rate volatility closely[76] - The leadership team is committed to promoting the Group's brand and increasing its market share in the auction industry[86] - The Company emphasizes the importance of experienced leadership in navigating the complexities of the auction and art market[99]

東京中央拍賣控股有限公司 TOKYO CHUD AUCTION HOLDINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939.HK 2021 INTERIM REPORT CONTENTS 目錄 | --- | --- | --- | |-------------------------------------------------------------------------------|-------------------------------------|-------| | | | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 7 | | Corporate Governance and Other Information | 企業管治及其他資 ...

发 東京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLOINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939 HK !! IIIIIIIIIII ........... | 年度報告 ANNUAL REPORT (11111111) Allining . animi diaminimili Corporate Information 公司資料 2 Chairman's Statement 主席報告 4 Management Discussion and Analysis 管理層討論及分析 9 Biographical Details of Directors and Senior Management 董事及高級管理層的履歷詳情 17 Corporate Governance Report 企業管治報告 26 Environment, Social and Governance Report 環境、社會及管治報告 49 Reports of ...

分类K 東京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLOINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939,HK | --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|---------------------| | | == | | | | | IIIIIIIIII iiiiiiiiii ......... | | | | (IIIIiiii) | | | | | | amminim. annumminin | | | | | | 中期報告 | INTERIM REPORT | --- | --- | --- | |-------------------------------------------------------------------------------|----------------- ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | નેસ્ક્સ્ 亰京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLDINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號：1939.HK CONTENTS | --- | --- | --- | |---------------------------------------------------------|----------------------------|-------| | | 目錄 | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion ...

| --- | --- | --- | |-------|-------|--------| | | | | | | | | | | | SSUITE | નેસ્ક્સ્ 東京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLDINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939 HK CONTENTS | --- | --- | |-------------------------------------------------------------------------------|-------------------------------------| | | | | | 目錄 | | | | | | | | Corporate Information | 公司資料 | | Chairman's Statement | 主席報告 | | Management Discussion and Analysis | 管理層討論及分析 ...

TOKYO CHUO AUCTION HOLDINGS LIMITED 東京中央拍賣控股有限公司 (incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) stock code 股份代號：1939 2019年度報告 ANNUAL REPORT SSJITZ | --- | --- | --- | |---------------------------------------------------------|----------------------------|-------| | | CONTENTS \n目錄 | | | | | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 8 | | Biographical Details of Directors and Senior Management | 董事及高級管理層的履 ...