Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Financial Performance - For the six months ended December 31, 2024, the Group's revenue was approximately HK$172.6 million, representing an increase of approximately 19.6% compared to HK$144.3 million for the same period last year [14]. - The Group recorded a loss attributable to owners of the Company of approximately HK$117.1 million, an increase of approximately 217.4% compared to a loss of approximately HK$36.9 million for the corresponding period last year [15]. - The basic loss per share for the six months ended December 31, 2024, was approximately HK14.36 cents, compared to approximately HK4.78 cents for the same period last year [16]. - The significant increase in loss was mainly due to a decrease in broadcasting income following the relegation of BCFC to the EFL League One, a decline in profit on sales of players' registration, and increased finance costs due to higher borrowings [15]. - Operating expenses rose due to higher match day and commercial expenses, as well as increased depreciation on property, plant, and equipment following infrastructure upgrades [15]. - Loss before taxation for the period was HK$207,338,000, significantly higher than the loss of HK$56,337,000 reported in the previous year [92]. - Total comprehensive expense for the period amounted to HK$198,101,000, compared to HK$58,837,000 in the same period last year [92]. Revenue Segments - The Group is engaged in three reportable business segments: operation of a professional football club in the UK, new energy automobiles, and investment in properties [17]. - BCFC recorded broadcasting income of approximately HK$26.4 million, a decrease of approximately 48.2% due to relegation to EFL League One, but total revenue increased to approximately HK$145.8 million, up by approximately 18.4% [23]. - Revenue from the football club segment increased to approximately HK$145.8 million, up 18.4% from HK$123.1 million in the prior year [45]. - Revenue from the new energy automobiles and related business segment surged by approximately 128.0%, reaching HK$12.7 million compared to HK$5.6 million in the same period last year [40]. - Total external sales for the six months ended December 31, 2024, amounted to HK$172,647,000, with football club sales contributing HK$145,811,000 [136]. Operating Expenses and Costs - Operating expenses for the six months ended December 31, 2024, were approximately HK$352.8 million, reflecting a 36.0% increase from HK$259.4 million in the previous year [42]. - Total staff costs for the Group amounted to approximately HK$198.4 million for the six months ended December 31, 2024, compared to approximately HK$173.8 million for the same period in 2023 [81]. - Interest expenses for the six months ended December 31, 2024, totaled HK$55,145,000, a significant increase from HK$22,207,000 in the same period of 2023, primarily due to higher borrowing costs [172]. - The amortization of intangible assets increased to HK$33,321,000 for the six months ended December 31, 2024, up from HK$20,137,000 in 2023, reflecting a rise of approximately 65% [181]. - The Group incurred depreciation of property, plant, and equipment amounting to HK$31,781,000 for the period, compared to HK$4,512,000 in the same period of 2023, representing a significant increase of approximately 604% [181]. Investment and Capital Expenditure - The Group's capital expenditure for the six months ended December 31, 2024, was approximately HK$184.1 million, compared to approximately HK$204.8 million for the same period in 2023 [68]. - A joint venture, ZO Motors North America LLC, was established with a capital contribution of approximately HK$15.6 million for new energy automobiles and related business [62]. - The Group acquired property, plant, and equipment amounting to approximately HK$184,127,000 during the period, compared to approximately HK$99,443,000 in the same period of 2023, indicating an increase of about 85% [194]. - Capital commitments for product development fees contracted but not provided for were approximately HK$17.8 million as of December 31, 2024 [61]. Financial Position and Ratios - The current ratio as of December 31, 2024, was approximately 113.2%, down from approximately 129.5% as of June 30, 2024 [70]. - The gearing ratio increased to approximately 70.6% as of December 31, 2024, compared to approximately 53.8% as of June 30, 2024 [70]. - Total borrowings as of December 31, 2024, were approximately HK$877.5 million, up from approximately HK$532.8 million as of June 30, 2024 [71]. - The total carrying amount of borrowings under loan facilities was approximately HK$1,524,000,000 as of December 31, 2024 [115]. - The Group has approximately HK$646,694,000 undrawn borrowing facilities available as of December 31, 2024 [115]. Cash Flow and Liquidity - Net cash flows used in operating activities for the six months ended December 31, 2024, were HK$140,493,000, an increase from HK$113,741,000 in the prior year, representing a 23.5% rise in cash outflow [105]. - Net cash flows used in investing activities surged to HK$228,118,000 in the first half of 2024, compared to HK$29,970,000 in the same period of 2023, marking a substantial increase of over 660% [105]. - Financing activities generated net cash flows of HK$390,291,000 for the six months ended December 31, 2024, up from HK$207,956,000 in the previous year, reflecting an increase of approximately 88% [105]. - Cash and cash equivalents at the end of the period increased to HK$166,751,000 from HK$79,950,000 year-over-year, representing a growth of approximately 108.5% [105]. Strategic Initiatives - The management aims to accelerate the delivery of zero-emission vehicles and boost revenue in the second half of the financial year 2024/25 [26]. - The Group is establishing its presence under the business names "ZO MOTORS" and "ZM TRUCKS" in strategic markets, including Asia Pacific, the Middle East, and North America [29]. - The Group has not executed any agreements for material investments or capital assets as of December 31, 2024 [87]. - The company plans to explore profitable investment opportunities to diversify its business and enhance revenue sources [89].

Revenue and Profitability - Revenue for the six months ended December 31, 2024, was HKD 172,647,000, an increase of 19.7% compared to HKD 144,331,000 in the same period of 2023[5] - The company reported a pre-tax loss of HKD 207,338,000, compared to a loss of HKD 56,337,000 in the previous year, indicating a significant decline in profitability[6] - The net loss attributable to the company's owners was HKD 117,061,000, compared to HKD 36,878,000 in the same period last year[6] - The basic loss per share for the period was HKD 14.36, compared to HKD 4.78 in the previous year[6] - The group reported a net loss attributable to owners of the company of HKD 117,061,000 for the six months ended December 31, 2024, compared to a loss of HKD 36,878,000 in the same period of 2023, representing an increase in loss of 216.5%[42] - The loss attributable to the owners of the company for the six months ended December 31, 2024, was approximately HKD 117,100,000, a significant increase of about 217.4% from a loss of HKD 36,900,000 in the prior year[60] Operating Expenses - Operating expenses increased to HKD 352,755,000, up 36% from HKD 259,357,000 year-over-year[5] - The total interest expense for the six months ended December 31, 2024, was HKD 55,145,000, significantly higher than HKD 22,207,000 in 2023, marking an increase of 148.5%[37] - The financing cost for the six months ended December 31, 2024, was approximately HKD 47,500,000, an increase of about 113.9% compared to HKD 22,200,000 for the same period in 2023[79] - The company’s employee costs, including directors' remuneration, amounted to HKD 198,418,000 for the six months ended December 31, 2024, compared to HKD 173,827,000 in 2023, an increase of 14.1%[39] - The total employee costs for the six months ended December 31, 2024, were approximately HKD 198,400,000, compared to HKD 173,800,000 for the same period in 2023[94] Assets and Liabilities - Total non-current assets increased to HKD 1,257,889,000 from HKD 907,286,000, reflecting a growth of 38.5%[8] - Current assets rose to HKD 404,259,000, up from HKD 351,513,000, marking a 15% increase[8] - The company's total liabilities increased significantly, with non-current liabilities reaching HKD 1,258,676,000, compared to HKD 781,493,000 previously[9] - The company reported a net asset value of HKD 46,507,000 as of December 31, 2024, a decrease from HKD 205,899,000[9] - The total debt as of December 31, 2024, was approximately HKD 877,500,000, an increase from HKD 532,800,000 as of June 30, 2024[86] - The group’s total liabilities to total assets ratio was approximately 97.2% as of December 31, 2024, compared to 83.6% as of June 30, 2024[85] Revenue Segments - Revenue from commercial income for the six months ended December 31, 2024, was HKD 40,177,000, significantly up from HKD 8,932,000 in 2023, marking an increase of approximately 349%[19] - The company generated HKD 12,746,000 in revenue from new energy vehicles and related businesses for the six months ended December 31, 2024, compared to HKD 5,590,000 in the same period of 2023, reflecting a growth of approximately 128%[19] - Revenue from the football club segment was approximately HKD 145,800,000, representing an increase of about 18.4% from HKD 123,100,000 in the previous year[69] - Broadcasting revenue for the football club was approximately HKD 26,400,000, a decrease of about 48.2% due to relegation to the English Football League One[63] - Rental income from investment properties was approximately HKD 14,100,000, unchanged from the previous year[69] Strategic Changes - The company has three reportable segments as of December 31, 2024, down from four segments in the previous year, indicating a strategic shift in operations[23] - The company plans to terminate its healthcare business following the sale of its entire stake in Medi Hub, which was completed on March 22, 2024[21] - The group has established a strategic partnership with several well-known commercial vehicle manufacturers to expand its zero-emission commercial vehicle product range[65] - The group plans to accelerate the delivery of zero-emission vehicles in the second half of the 2024/25 fiscal year to enhance revenue[65] Cash Flow and Financing - The company experienced a cash outflow from operating activities of approximately HKD 140,493,000 during the reporting period[13] - The company secured a total of HKD 1,524,000,000 in financing, including HKD 250,000,000 from Trillion Trophy Asia Limited and HKD 300,000,000 from Dongni Investment Limited[15] - The company has approximately HKD 646,694,000 in undrawn loan facilities available as of December 31, 2024[15] - The group had cash and bank balances of approximately HKD 166,800,000 as of December 31, 2024, up from HKD 145,300,000 as of June 30, 2024[86] Fair Value and Investments - The fair value of unlisted equity investments as of December 31, 2024, was estimated at HKD 63,055,000, an increase from HKD 43,700,000 as of June 30, 2024, resulting in a fair value gain of approximately HKD 19,355,000 recognized in the profit and loss for the six months[46] - The group recognized a fair value change gain of HKD 19,355,000 on financial assets measured at fair value through profit or loss for the six months ended December 31, 2024[35] - The fair value of the group's investment properties was approximately HKD 470,700,000, accounting for about 28.3% of total assets[66] Other Financial Metrics - The group recorded a profit of approximately HKD 72,400,000 from the sale of player registrations, a decrease from HKD 112,200,000 in the same period last year[74] - The group incurred capital expenditures of approximately HKD 184,100,000 for the six months ended December 31, 2024, compared to HKD 204,800,000 for the six months ended June 30, 2024[84] - As of December 31, 2024, the group had capital commitments for product development amounting to approximately HKD 17,800,000, up from HKD 5,400,000 as of June 30, 2024[81] - The contingent liability for player transfer fees as of December 31, 2024, was approximately HKD 139,788,000, a significant increase from HKD 24,740,000 as of June 30, 2024[56]

ESG Management and Sustainability - The Group aims to create sustained value for stakeholders by implementing an ESG management framework into its operations[5]. - The Board is responsible for overseeing sustainability initiatives and integrating ESG considerations into the Group's overall strategic formulation[6]. - Annual materiality assessments are conducted to understand stakeholder expectations and concerns regarding ESG issues[10]. - The Group has set ESG-related goals and targets to provide strategic direction in business operations, with progress reviewed regularly[12]. - Environmental and social key performance indicators (KPIs) are disclosed in the report, ensuring transparency and accountability[14]. - The Group is committed to minimizing environmental impact and enhancing employee well-being as part of its sustainability efforts[5]. - The sustainability performance and progress against goals are reported to the Board for review at least annually[12]. - The Group's sustainability target enables the development of a realistic roadmap focused on achieving its visions[12]. - The Group identified 24 ESG issues through stakeholder engagement and materiality assessment, focusing on environmental, social, and operational aspects[22]. - The materiality assessment prioritized stakeholder inputs, ensuring the Group's business development aligns with stakeholder expectations[22]. - The Group is committed to sustainable development and maintains close ties with stakeholders, including government, investors, fans, and the community[19]. - The Group's ESG issues include greenhouse gas emissions, energy consumption, community contribution, and anti-corruption measures[26]. - The Group aims to enhance the disclosure of information on sustainable development and ESG performance[16]. - The Board is responsible for assessing ESG risks and ensuring effective risk management and internal control systems[19]. - The Group emphasizes corporate governance, transparency, and regular information disclosure to investors[21]. - The Group's commitment to environmental protection includes adherence to green operations and community support initiatives[21]. Environmental Performance - BCFC's nitrogen oxides (NOX) emissions decreased to 261 kg in 2024 from 337 kg in 2023, a reduction of approximately 22.6%[36]. - Sulphur oxides (SOX) emissions were reduced to 1 kg in 2024 from 2 kg in 2023, representing a 50% decrease[36]. - Total greenhouse gas (GHG) emissions decreased to 838,773 kg CO2e in 2024 from 879,287 kg CO2e in 2023, a reduction of about 4.6%[36]. - GHG emissions intensity per employee located in the UK improved to 2,097 kg CO2e in 2024 from 2,571 kg CO2e in 2023, a decrease of approximately 18.5%[36]. - Total non-hazardous waste produced increased to 240,082 kg in 2024 from 225,203 kg in 2023, an increase of about 6.6%[36]. - BCFC has implemented a bus shuttle service for fans to reduce traffic around the Stadium[30]. - The company ensures all suppliers adhere to excellent environmental, social, and ethical management practices[31]. - No direct discharges of waste into water or land were made from the Stadium and the Training Ground in the year 2023/24[35]. - BCFC employs a waste management company for waste collection and recycling, ensuring proper disposal of electronic items and batteries[35]. - The company encourages walking, cycling, public transport, car sharing, and coach use to minimize pollution emissions[31]. - BCFC aims to reduce NOX emissions by 3%-10% by Year 2025/26, with a current decrease of 64% from the baseline year 2019[40]. - BCFC targets a 3%-10% reduction in SOX emissions by Year 2025/26, achieving a 67% decrease to date[40]. - The company plans to cut PM emissions by 3%-10% by Year 2025/26, with a current reduction of 67%[40]. - GHG emissions are set to decrease by 3%-10% by Year 2025/26, with a reported decrease of 39%[40]. - Non-hazardous waste produced is expected to reduce by 3%-10% by Year 2025/26, but has increased by 41% in the current reporting period[40]. - BCFC has maintained minimal generation of hazardous waste, with no significant figures reported[40]. - In Year 2023/24, there were no cases of material non-compliance with environmental laws, including the Climate Change Act 2008[42]. - The company reported no significant fines or sanctions due to non-compliance with relevant laws in Year 2023/24[41]. - BCFC has implemented various initiatives to promote efficient resource utilization among employees[43]. - The Group has set quantifiable targets for air emissions and GHG emissions over the year ending 30 June 2026, using emissions from the year ended 30 June 2019 as a baseline[39]. - Total energy consumption for the year ended June 30, 2024, was 4,017,180 kWh, a decrease of 4.6% from 4,211,253 kWh in 2023[44]. - Energy consumption intensity improved to 10,043 kWh per employee located in the UK, down from 12,314 kWh in 2023, representing a reduction of 18.4%[44]. - Water consumption decreased significantly by 47.3% to 26,455 m³ from 50,126 m³ in 2023[44]. - Water consumption intensity also improved to 66 m³ per employee located in the UK, down from 147 m³ in 2023, a reduction of 55.7%[44]. - BCFC aims to reduce energy consumption by 3%-10% by the year 2025/26, with a current interim performance showing a 21% decrease[50]. - The company has installed energy-efficient heaters and LED lighting throughout the Stadium to enhance energy savings[45]. - BCFC has implemented policies to ensure water is not wasted, particularly reducing usage during winter months[48]. - The Group has not faced difficulties in sourcing water suitable for its operations during the year 2023/24[49]. - BCFC is committed to improving its environmental footprint, exploring options such as the installation of solar panels[48]. - The company maintains ongoing communication with the city council to ensure compliance with environmental regulations[53]. Workforce and Employee Management - BCFC's workforce composition as of June 30, 2024, includes 309 male employees (77%) and 91 female employees (23%)[62]. - The total number of employees increased from 342 in 2023 to 400 in 2024, reflecting a growth of 17%[62]. - Full-time employees account for 282 (71%) of the workforce, while part-time employees make up 118 (29%)[62]. - Employee turnover rate management includes a third-party service provider, "Guardian Support," for human resources advice[65]. - BCFC has implemented infrastructure improvements at the Stadium and Training Ground to enhance resilience against climate-related risks[59]. - The company has established a risk management system to monitor and control climate change impacts, including emergency plans for extreme weather[57]. - BCFC's employee benefits include annual leave, sick leave, and various parental leaves, as outlined in the staff handbook[64]. - The company emphasizes equal opportunities and has a policy to prevent discrimination based on various factors[63]. - BCFC's workforce includes 132 employees under 30 years old (33%), down from 188 (55%) in the previous year[62]. - The company integrates climate-related risks into its long-term strategic planning and capital expenditure strategies[59]. - Employee turnover rate for males increased to 28% in 2024 from 10% in 2023, while for females it rose to 43% from 9%[66]. - The turnover rate for employees under 30 years old surged to 41% in 2024, compared to 7% in 2023[66]. - The turnover rate for employees aged 30-50 years was 28% in 2024, up from 14% in 2023[66]. - The turnover rate for employees over 50 years old increased to 24% in 2024 from 11% in 2023[66]. - In the UK, the employee turnover rate reached 32% in 2024, compared to 10% in 2023[66]. - BCFC has committed to the Disability Confident scheme to enhance employment opportunities for disabled individuals[70]. - There were no cases of material non-compliance with the Equality Act 2010 or related laws in the year 2023/24[71]. - BCFC has established a Health and Safety Policy to prevent personal injury and protect all individuals interacting with the organization[74]. - All employees receive fire safety training during induction and annually thereafter[77]. - The Health and Safety Committee is responsible for ensuring compliance with relevant laws and regulations[76]. - In the year 2023/24, BCFC reported zero work-related fatalities, maintaining a fatality rate of 0%[86]. - The percentage of employees trained decreased to 11% in 2024 from 13% in 2023[91]. - Average training hours per employee increased to 10 hours in 2024 from 4 hours in 2023[94]. - Male employees trained accounted for 89% in 2024, up from 70% in 2023, while female employees trained decreased to 11% from 30%[91]. - Middle management training participation rose significantly to 56% in 2024 from 21% in 2023[91]. - General staff training participation dropped to 42% in 2024 from 77% in 2023[91]. - BCFC provided various training courses, including advanced trauma medical management in football and mental health awareness training[90]. - There were no significant fines or sanctions reported for non-compliance with health and safety regulations in 2023/24[84]. - BCFC implemented a Time Off to Train Policy, allowing employees to request time off for training[88]. - The company conducted human resources meetings at the beginning of each year to outline potential departmental structures and training needs[90]. Supply Chain and Compliance - In the fiscal year 2023/24, BCFC strictly complied with laws and regulations regarding child and forced labour, with no cases of material non-compliance reported[99]. - BCFC established a strict supply chain management system to ensure high quality food and products, focusing on health and safety standards[100]. - During the fiscal year 2023/24, BCFC had a total of 381 suppliers in the UK, ensuring compliance with environmental health standards[110]. - BCFC received a 5-star food hygiene rating from the Food Standards Agency (FSA) in the UK, indicating high standards of food safety[112]. - BCFC extended its official sportswear partnership with Nike in September 2024 to ensure that football kit materials meet appropriate environmental standards[106]. - Nike, as a major supplier, is committed to creating a lean, green, and equitable supply chain while eliminating footwear manufacturing waste[108]. - There were no significant fines or sanctions against BCFC for non-compliance with relevant laws and regulations in the fiscal year 2023/24[99]. - BCFC registered multiple trademarks in the UK, including "Birmingham City Football Club" and "BluesTV," to protect its intellectual property rights[111]. - The performance of suppliers in fulfilling their environmental and social responsibilities is a key evaluation criterion for BCFC[105]. - BCFC encourages suppliers to adhere to corporate social responsibilities and comply with regulatory requirements and business ethics[105]. - During the Year 2023/24, there were no recalls of products due to safety and health reasons, and no complaints related to product and service were received[114]. - BCFC has established a Privacy Policy to ensure compliance with the General Data Protection Regulation, and all permanent staff members receive training on this regulation[114]. - In Year 2023/24, there was no case of material non-compliance with the Waste Electrical or Electronic Equipment, the Consumer Protection Act 1987, and other relevant laws, with no significant fines or sanctions reported[115]. - BCFC's Anti-Bribery Policy prohibits employees from giving or accepting personal, commercial, regulatory, or contractual advantages, with potential disciplinary actions for breaches[117]. - The company provided anti-corruption education and training materials to its directors and staff to enhance transparency and understanding of legal provisions governing interactions with public servants[124]. Community Engagement and Social Responsibility - BCFC has committed to providing 88 wheelchair spaces at the Stadium, with 67 allocated to home supporters and 21 to away supporters[130]. - The organization has installed 14 accessible toilets throughout the Stadium and offers 6% of its parking spaces for disabled supporters[131]. - BCFC Foundation's strategy focuses on four pillars: education and skills, football for all, basic provisions, and healthy living, aiming to support the local community[128]. - The Foundation conducts multiple charitable activities annually, including football camps and visits to Birmingham Children's Hospital[126]. - BCFC provides full-time academy coaches to partner schools, enhancing education through mentoring and physical education[127]. - The organization emphasizes making football accessible for all and using the sport to teach valuable life lessons[129]. - There were no concluded legal cases concerning corruption against the Group or its employees in the year 2023/24[125]. - BCFC aims to be a financially viable community-led business, focusing on customer care as a prime objective[128]. - The organization has implemented anti-corruption training for its directors and employees to ensure compliance with relevant laws[125]. - BCFC is dedicated to helping those in need, particularly the youth, through comprehensive training in education, skills, fitness, and nutrition[129]. Financial Performance and Growth - ZO Future Group reported a significant increase in revenue, achieving a total of $150 million for the fiscal year, representing a 25% year-over-year growth[156]. - The company has expanded its user base to 1.2 million active users, marking a 40% increase compared to the previous year[156]. - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, with expectations to reach $195 million[156]. - The company is investing $20 million in new product development, focusing on innovative technologies to enhance user experience[156]. - ZO Future Group plans to enter three new international markets by the end of the next fiscal year, aiming to increase global presence[156]. - The company has completed a strategic acquisition of a tech startup for $10 million, which is expected to enhance its product offerings[156]. - Customer retention rate improved to 85%, reflecting effective engagement strategies implemented over the past year[156]. - The company has set a target to reduce operational costs by 15% through efficiency improvements and technology integration[156]. - ZO Future Group is committed to sustainability initiatives, allocating 5% of revenue towards environmental projects[156]. - The company anticipates launching two new products in Q3 2024, which are expected to contribute an additional $30 million in revenue[156].

Financial Performance - Total revenue for the year ended June 30, 2024, was HKD 275,244,000, representing a 26.8% increase from HKD 217,097,000 in 2023[2] - Operating expenses increased to HKD 570,558,000, up 36.4% from HKD 418,208,000 in the previous year[2] - The company reported an operating loss of HKD 295,314,000, compared to an operating loss of HKD 201,111,000 in 2023, reflecting a 46.7% increase in losses[2] - The pre-tax loss for the year was HKD 319,857,000, significantly higher than the pre-tax loss of HKD 84,846,000 in 2023[3] - The net loss for the year was HKD 319,187,000, compared to a net loss of HKD 85,555,000 in the previous year, indicating a 273.5% increase in losses[3] - The group reported a total segment loss of HKD 280,340,000 for the year, compared to a loss of HKD 46,094,000 in the previous year[16] - The group reported a loss attributable to the owners of approximately HKD 182,779,000 and a net cash outflow from operating activities of approximately HKD 332,107,000 for the year ended June 30, 2024[9] - The company reported a basic and diluted loss per share of HKD 23.37, compared to HKD 3.33 in 2023, indicating a significant increase in loss per share[4] - The group recorded a net loss of approximately HKD 54,100,000 for other losses for the year ended June 30, 2024, compared to a loss of about HKD 500,000 in 2023[69] Assets and Liabilities - Non-current assets totaled HKD 907,286,000, an increase from HKD 678,044,000 in 2023, marking a 33.8% growth[5] - Current assets increased to HKD 351,513,000, up from HKD 281,527,000 in 2023, representing a 24.8% increase[5] - Total liabilities decreased to HKD 1,052,900,000 from HKD 1,058,135,000 in the previous year, showing a slight reduction[6] - The company's equity attributable to owners decreased to HKD 458,270,000 from HKD 520,051,000, reflecting a decline of 11.9%[7] - Trade payables increased to HKD 35,541,000 as of June 30, 2024, compared to HKD 14,690,000 in the previous year, indicating a significant rise in liabilities[42] - The total loans outstanding as of June 30, 2024, amounted to approximately HKD 532,586,000, with available undrawn loan facilities of approximately HKD 621,737,000[10] - The total loans of the group as of June 30, 2024, were approximately HKD 532.8 million, up from approximately HKD 253.5 million in 2023, with HKD 20.8 million due within one year[78] - The non-current liabilities as of June 30, 2024, are HKD 511,938,000, significantly up from HKD 20,296,000 in 2023[45] Revenue Sources - Revenue from match day income increased significantly to HKD 30,499,000 from HKD 16,060,000, representing an increase of 90.5%[12] - The group generated revenue of HKD 5,590,000 from new energy vehicles and related businesses, which was not present in the previous year[12] - Revenue from external customers in the UK increased to HKD 239,633,000 in 2024, up from HKD 186,206,000 in 2023, representing a growth of 28.6%[18] - The group’s football division recorded revenue of approximately HKD 239,800,000, reflecting a growth of about 28.5% compared to the previous year[59] - The profit from the sale of player registrations for the year ended June 30, 2024, was approximately HKD 151,700,000, significantly up from HKD 20,100,000 in 2023[70] - Rental income from investment properties in Cambodia amounted to approximately HKD 28,200,000 for the year ending June 30, 2024[61] Business Segments and Strategic Changes - The group has four reportable segments as of June 30, 2024, including a professional football club in the UK, new energy vehicles, property investment, and healthcare business[15] - The group completed the sale of its entire interest in Medi Hub for a total consideration of approximately HKD 312,000, leading to the termination of its healthcare business[14] - The group has established a strategic cooperation agreement with leading automotive manufacturers for the development of new energy vehicles, enhancing its market position[56] - The group plans to focus on expanding its new energy vehicle business, targeting markets in Japan, the United States, Canada, South America, Southeast Asia, and the Middle East[56] - The group has decided to terminate its healthcare business due to underperformance and will reallocate resources to expand other business segments[57] Financial Management and Costs - The group incurred financing costs of approximately HKD 36,800,000 for the year ended June 30, 2024, an increase of about 67.1% from HKD 22,000,000 in 2023[73] - The group has implemented cost control measures to monitor daily operational and administrative expenses[78] - The total employee costs for the group amounted to approximately HKD 381.8 million for the year ending June 30, 2024, compared to approximately HKD 319.1 million in 2023, reflecting an increase in workforce[86] - The group’s current ratio as of June 30, 2024, was approximately 129.5%, up from 43.8% in 2023[77] Other Financial Information - The company did not declare or propose any dividends for the years ended June 30, 2024, and 2023[32] - The company sold its 100% stake in Medi Hub for approximately HKD 312,000 on March 15, 2024[29] - The company reported a foreign exchange loss of HKD 7,060,000 in 2024, compared to HKD 3,216,000 in 2023[22] - The company’s expected credit loss provision for trade receivables was HKD 6,148,000, reflecting a weighted average expected loss rate of 43.9% for amounts overdue beyond 90 days[40] - The company held related party receivables of HKD 46,410,000 as of June 30, 2024, primarily from Birmingham City Stadium Ltd[43] - The company changed its name from "Birmingham Sports Holdings Limited" to "ZO Future Group" effective September 11, 2023, reflecting a strategic rebranding[85]

Financial Performance - For the six months ended December 31, 2023, the Group's revenue was approximately HK$144.3 million, representing an increase of approximately 32.5% compared to HK$108.9 million for the same period in 2022[116][119]. - The Group recorded a loss attributable to owners of approximately HK$36.9 million for the six months ended December 31, 2023, representing an increase of approximately 30.0% compared to a loss of approximately HK$28.4 million for the same period last year[137][139]. - Revenue from the football club segment for the six months ended December 31, 2023, was approximately HK$123.1 million, an increase of approximately 31.1% from HK$94.0 million in the corresponding period of 2022[191]. - The new energy automobiles and related business segment generated approximately HK$5.6 million in revenue since commencing operations in October 2023[191]. - The Healthcare Business reported revenue of approximately HK$1.5 million, reflecting a significant increase of approximately 66.9% from HK$0.9 million in the same period last year[191]. - Operating expenses for the six months ended December 31, 2023, were approximately HK$259.4 million, an increase of approximately 32.2% compared to HK$196.2 million in the previous year[195]. - Finance costs incurred during the six months ended December 31, 2023, were approximately HK$22.2 million, representing an increase of approximately 84.6% from HK$12.0 million in the same period of 2022[195]. Share Options and Management Remuneration - As of December 31, 2023, 11,134,016 share options lapsed during the six-month period, with no new options granted, exercised, or cancelled[34]. - As of December 31, 2023, a total of 70,840,090 share options were available for grant under the Share Option Scheme[58]. - The remuneration for directors identified as key management for the six months ended December 31, 2023, was HK$3,595,000, compared to HK$3,436,000 for the same period in 2022, reflecting an increase of approximately 4.6%[4]. - The remuneration of Mr. Zhao Wenqing has been increased to approximately HK$2,984,000 per annum effective from 1 November 2023[64]. - The remuneration of Mr. Huang Dongfeng has been increased to approximately HK$2,074,000 per annum effective from 1 January 2024[64]. - The remuneration of Mr. Yiu Chun Kong has been increased to approximately HK$293,000 per annum effective from 1 January 2024[64]. - The director's fee of Mr. Sue Ka Lok has been increased to approximately HK$270,000 per annum effective from 1 January 2024[64]. - The director's fee of Mr. Pun Chi Ping has been increased to approximately HK$210,000 per annum effective from 1 January 2024[64]. Corporate Governance - The Company complied with all applicable code provisions of the Corporate Governance Code for the six months ended December 31, 2023[63]. - The Board emphasized the importance of good corporate governance to enhance efficiency and safeguard shareholder interests[63]. - The Company’s financial statements for the six months ended December 31, 2023, were reviewed and approved by the Audit Committee and the Board[45]. - The condensed consolidated interim financial statements for the six months ended 31 December 2023 have been reviewed by the Audit Committee and approved by the Board[67]. Investments and Disposals - The Group's equity interest in BCL decreased from approximately 75% to approximately 51.72% after the completion of the disposal[75]. - The consideration received from the disposal was approximately HK$52,354,000, with non-controlling interests recognized at approximately HK$42,047,000[75]. - The excess of consideration received and loan assignment recognized within equity amounted to approximately HK$4,884,000[75]. - The total cash consideration for the disposal of the subsidiary was not disclosed in the report[100]. - The company agreed to sell 19,838,227 shares in BCL, representing approximately 24.34% of BCL's issued share capital, as part of a major transaction subject to shareholder approval[93]. - The gain on the disposal of the subsidiary was included in the other gains/(losses), net, in the condensed consolidated statement of profit or loss for the six months ended December 31, 2023[103]. Player Transfers and Contingent Liabilities - As of December 31, 2023, the maximum amount payable for player transfer fees not yet accrued is approximately HK$53,805,000 (equivalent to about £5,409,000), down from HK$92,580,000 (equivalent to about £9,361,000) as of June 30, 2023[2]. - As of December 31, 2023, the maximum contingent liabilities related to player transfer costs amounted to approximately HK$53,805,000 (equivalent to approximately GBP5,409,000), a decrease from HK$92,580,000 (approximately GBP9,361,000) as of June 30, 2023[50]. Strategic Partnerships and Business Segments - The Group operates in four reportable business segments: professional football club operations, new energy automobiles, property investment, and healthcare-related business[118][120]. - The Group has established strategic cooperation agreements with Weichai New Energy Commercial Vehicle Co., Ltd. and Beijing Foton International Trade Co., Ltd. for comprehensive collaboration in new energy vehicle manufacturing and product development[151]. - The Group aims to promote "ZO MOTORS" focusing on smart new energy commercial vehicles integrating high-tech innovations such as intelligent connectivity and autonomous driving[146][149]. - The Group's management is committed to enhancing the value of the Group through proactive exploration of new business opportunities in the new energy automobile market[146]. - The Group's commercial vehicles will primarily target overseas markets, including Japan, the United States, South America, Southeast Asia, and the Middle East[151]. Financial Ratios and Assets - As of 31 December 2023, the current ratio of the Group was approximately 120.8%, up from approximately 43.8% on 30 June 2023[170]. - The gearing ratio of the Group was approximately 39.3% as of 31 December 2023, compared to approximately 32.8% on 30 June 2023[170]. - The ratio of total liabilities to total assets of the Group was approximately 69.0% as of 31 December 2023, down from approximately 79.0% on 30 June 2023[170]. - The Group had no mortgaged assets as of December 31, 2023[48]. - The Group's investment properties were valued at approximately HK$470.7 million, accounting for approximately 44.5% of the total assets[154][158]. - The Group recorded rental income of approximately HK$14.1 million from investment properties during the six months ended 31 December 2023[178]. Cost Control and Future Development - The management is implementing cost control measures to monitor operational and administrative expenses to enhance financial strength for future business development[200]. - The Group aims to diversify its income streams through the new energy automobiles business, which is expected to improve overall financial performance[161].

Financial Performance - Total revenue for the six months ended December 31, 2023, was HKD 144,331,000, an increase from HKD 108,946,000 for the same period in 2022, representing a growth of approximately 32.4%[3] - The net loss for the period was HKD 56,412,000, compared to a loss of HKD 36,878,000 for the same period in 2022, indicating a worsening financial position[3] - The group recorded revenue of approximately HKD 144,300,000 for the six months ended December 31, 2023, representing an increase of about 32.5% compared to HKD 108,900,000 for the same period in 2022[78] - The group reported a loss for the period of HKD 56,412,000 for the six months ended December 31, 2023, compared to a loss of HKD 56,167,000 for the same period in 2022[119] - The company reported a loss attributable to shareholders of approximately HKD 36.9 million for the six months ended December 31, 2023, an increase of about 30.0% compared to a loss of HKD 28.4 million in the same period last year[50] Segment Performance - The segment performance showed a loss of HKD 35,755,000 for the six months ended December 31, 2023, compared to a loss of HKD 28,373,000 for the same period in 2022, indicating a deterioration in performance[3] - The revenue from the football club and related businesses was HKD 123,144,000, while the loss from this segment was HKD 40,542,000[3] - Revenue from the football club segment for the six months ended December 31, 2023, was approximately HKD 123,100,000, an increase of about 31.1% compared to HKD 94,000,000 for the same period in 2022[89] - The company’s segment performance showed a loss of HKD 28,094,000 from the football club segment and a loss of HKD 2,171,000 from the healthcare business[179] Financing and Costs - The financing costs increased significantly to HKD 22,207,000 for the six months ended December 31, 2023, compared to HKD 12,028,000 for the same period in 2022, reflecting a rise of approximately 84.5%[12] - Financing costs rose by 84.6% to approximately HKD 22,200,000 from HKD 12,000,000 in the previous year[128] - The group has secured a total of approximately HKD 1,157,375,000 in loan financing, including HKD 250,000,000 from Trillion Trophy Asia Limited and HKD 497,375,000 from a non-controlling shareholder[93] - Total loans increased to approximately HKD 314,900,000 from HKD 253,500,000, with HKD 45,400,000 due within one year[132] New Energy Vehicle Business - The company has established a strong team to enter the new energy vehicle market, led by senior management from renowned automotive and high-tech companies[54] - The new energy vehicle business will operate under the name "ZO MOTORS," focusing on smart commercial vehicles that integrate high-tech innovations such as smart connectivity and autonomous driving[54] - The group plans to fully promote "ZO MOTORS" as part of its new energy vehicle and related business segment[83] - The group is committed to promoting electrification in the commercial vehicle sector and transitioning from traditional energy to green energy[88] - The group entered into strategic cooperation agreements with Weichai New Energy and Beijing Foton International Trade in January and February 2024, focusing on new energy vehicle manufacturing and joint product development[107] Investment Properties - The fair value of the group's investment properties was approximately HKD 470.652 million as of December 31, 2023, unchanged from June 30, 2023[36] - The group’s investment properties were valued at approximately HKD 173,177,000 as of December 31, 2023, with no significant difference from the book value[67] - As of December 31, 2023, the fair value of the group's investment properties is approximately HKD 470,700,000, accounting for about 44.5% of the total assets, down from 49.0% as of June 30, 2023[85] - Rental income from investment properties amounted to approximately HKD 14,100,000 for the six months ended December 31, 2023, unchanged from the same period in 2022[109] Operational and Administrative Expenses - Operating expenses for the six months ended December 31, 2023, were approximately HKD 259,400,000, an increase of about 32.2% from HKD 196,200,000 in the same period of 2022[91] - Administrative and other expenses increased by 17.7% to approximately HKD 20,600,000 compared to HKD 17,500,000 for the same period in 2022[128] - The company has implemented cost control measures to monitor daily operational and administrative expenses[150] Shareholder Matters - The company has no plans to declare an interim dividend for the six months ended December 31, 2023, consistent with the previous year[49] - The company has entered into subscription agreements to issue a total of 43,697,478 new shares at a subscription price of HKD 2.142 per share, raising a total of HKD 93,600,000[173] - The company will hold a special general meeting on March 20, 2024, to seek independent shareholder approval for the subscription agreements[173] Employee and Operational Metrics - The average number of full-time employees increased to approximately 310 from 280 in the previous period[168] - Total employee costs amounted to approximately HKD 173,800,000, up from HKD 152,400,000 in the same period last year[168] Compliance and Governance - The company has complied with all applicable provisions of the Corporate Governance Code as of December 31, 2023[170]

Financial Performance - Total revenue for the year ended June 30, 2023, was HKD 217,097,000, a decrease of 1.3% from HKD 220,939,000 in 2022[2] - The operating loss narrowed to HKD 201,111,000 from HKD 244,613,000, showing an improvement of 17.7%[2] - The company reported a pre-tax loss of HKD 84,846,000 for 2023, an improvement from a loss of HKD 107,768,000 in 2022, representing a reduction of approximately 21.2%[16] - The company incurred a total comprehensive loss of HKD 96,295,000 in 2023, compared to HKD 82,001,000 in 2022, which is an increase of approximately 17.4%[16] - The net loss attributable to the owners of the company was approximately HKD 25,657,000 for the year ended June 30, 2023[11] - The company reported a loss attributable to shareholders of HKD 25,657,000 for 2023, a decrease from a loss of HKD 40,661,000 in 2022, indicating an improvement of approximately 37%[39] - The basic and diluted loss per share for the company was HKD 3.33, improved from HKD 5.27 in the previous year, indicating a reduction of about 36.8%[16] Revenue Breakdown - The company generated commercial revenue of HKD 21,396,000 from contracts with customers at a point in time, up from HKD 11,929,000 in 2022, reflecting an increase of approximately 79.5%[19] - Matchday revenue increased to HKD 16,060,000 in 2023 from HKD 15,557,000 in 2022, showing a growth of about 3.2%[19] - The company’s segment revenue from football clubs was HKD 186,587,000, while property investment generated HKD 28,179,000, and healthcare business contributed HKD 2,331,000, totaling HKD 217,097,000[26] - The total revenue from contracts with customers in the UK was HKD 186,206,000 for 2023, a slight decrease from HKD 190,891,000 in 2022[49] - The overall revenue from the football club segment for the year ended June 30, 2023, was approximately HKD 186,600,000, a decrease of about 2.7% from HKD 191,700,000 in 2022, primarily due to the depreciation of the British pound[127] Expenses and Costs - Operating expenses decreased to HKD 418,208,000 from HKD 465,552,000, reflecting a reduction of 10.1%[2] - The company reported employee costs of HKD 319,107,000 for 2023, down from HKD 377,001,000 in 2022, representing a reduction of about 15.4%[55] - Interest expenses decreased to HKD 22,022,000 in 2023 from HKD 25,361,000 in 2022, reflecting a reduction of about 13.5%[53] - Other income fell to HKD 7,942,000 from HKD 12,715,000, representing a decrease of 37.9%[2] - The group recorded other losses of approximately HKD 500,000 for the year ended June 30, 2023, compared to other income of approximately HKD 6,700,000 in 2022, primarily due to increased impairment losses on right-of-use assets and a lack of insurance compensation related to COVID-19[109] Assets and Liabilities - Current liabilities increased to HKD 642,414,000 from HKD 443,911,000, an increase of 45.0%[6] - The total non-current liabilities decreased significantly to HKD 115,721,000 from HKD 351,080,000, a reduction of 67.0%[8] - The company’s non-current assets totaled HKD 678,044,000 as of June 30, 2023, compared to HKD 661,937,000 in 2022, indicating a growth of approximately 2.4%[49] - The company’s total liabilities decreased from HKD 349,149,000 in 2022 to HKD 253,462,000 in 2023, reflecting improved financial stability[69] - The current ratio as of June 30, 2023, was approximately 43.8%, down from 80.2% in 2022, while the debt-to-equity ratio was approximately 32.8%, down from 41.7% in 2022[110] Financing and Loans - The company has secured up to HKD 250,000,000 in unsecured revolving loan financing from its major shareholder[12] - As of June 30, 2023, the company had available undrawn loan facilities of approximately HKD 473,871,000[14] - The company’s loans decreased to HKD 253,462,000 in 2023 from HKD 349,149,000 in 2022, with a significant reduction in bank loans secured[68] - Total loans as of June 30, 2023, were approximately HKD 253,500,000, a decrease from approximately HKD 349,100,000 in 2022, with about 76.0% of the loans denominated in HKD[111] Future Outlook and Strategic Direction - The management remains cautiously optimistic about the future despite ongoing economic challenges and uncertainties[106] - The group plans to explore new business opportunities in sports accessories, health products, and high-tech and environmentally friendly technologies to diversify its operations[126] - The board recommended changing the company name from "Birmingham Sports Holdings Limited" to "ZO Future Group" to better reflect the business direction and future development[166] Other Notable Points - The company completed the sale of its entire equity interest in Beijing Target Medical Technology Co., Ltd. for a consideration of HKD 0, with associated liabilities of approximately HKD 19,307,000 transferred to the buyer[55] - The group did not declare any dividends for the year ended June 30, 2023, consistent with the previous year[82][97] - The average number of full-time employees was approximately 280, compared to 270 in 2022[149] - The group recorded a revenue of approximately HKD 217.1 million for the year ended June 30, 2023, a decrease of about 1.7% from HKD 220.9 million in 2022[98][106]

Financial Performance - The Group's revenue for the year ended June 30, 2022, was approximately HK$220.9 million, representing an increase of approximately 33.9% compared to HK$165.0 million in 2021[6]. - The loss attributable to owners of the Company for the year ended June 30, 2022, was approximately HK$40.7 million, a decrease from approximately HK$74.2 million in 2021[6]. - The basic loss per share was approximately HK0.21 cent, compared to approximately HK0.40 cent in the previous year[27]. - Revenue from the football club segment for the year ended June 30, 2022, was approximately HK$191.7 million, an increase of approximately 50.5% from HK$127.4 million in 2021, primarily due to growth in commercial income and match day receipts[44]. - Revenue from the healthcare business for the year ended June 30, 2022, was approximately HK$1.0 million, a decrease from approximately HK$5.9 million in 2021[46]. - Operating expenses for the year ended June 30, 2022, were approximately HK$465.6 million, representing an increase of approximately 9.0% from HK$427.1 million in 2021[47]. - Other income for the year ended June 30, 2022, was approximately HK$12.7 million, a decrease of approximately 22.1% from HK$16.3 million in 2021, mainly due to a decline in government subsidies[48]. - The Group recorded a net gain of approximately HK$6.7 million in other gains and losses for the year ended June 30, 2022, compared to a loss of approximately HK$3.7 million in 2021[49]. - The Group's current ratio improved to approximately 80.2% as of June 30, 2022, compared to approximately 51.2% in 2021[59]. - Total borrowings increased to approximately HK$349.1 million as of June 30, 2022, up from approximately HK$293.8 million in 2021[60]. - The Group's total liabilities to total assets ratio was approximately 78.1% as of June 30, 2022, compared to approximately 71.7% in 2021[59]. - The Group's bank balances and cash decreased to approximately HK$35.7 million as of June 30, 2022, down from approximately HK$44.8 million in 2021[60]. - The total staff costs for the Group amounted to approximately HK$377.0 million for the year ended June 30, 2022, compared to approximately HK$369.9 million in 2021[70]. Business Segments - The Group engaged in three reportable business segments: operation of a professional football club in the UK, investment in properties, and healthcare-related business[7]. - The Group operates Birmingham City Football Club, which generated revenue from match day receipts, broadcasting income, and commercial income[31]. - The Group is focused on expanding its healthcare business, capitalizing on the increasing demand for high-end medical products and services in China due to its aging population and growing middle class[15][17]. - The Group's investment in properties in Phnom Penh, Cambodia, is expected to provide a stable income stream[14][16]. Management and Strategy - The management is committed to improving the overall game performance of the football club and will provide full support for this goal[8]. - The management aims to improve the overall performance of Birmingham City Football Club to achieve a higher ranking in the league for the upcoming season[33]. - The management is optimistic about the recovery of the local economy in Cambodia, projecting a growth of 4.5% in 2022, which may enhance the value of the Group's investment properties[14][16]. - The management will continue to seek investment opportunities globally to expand the Group's business portfolio[21][23]. Corporate Governance - The Company aims to achieve high standards of corporate governance to safeguard shareholder interests[160]. - The Company has established several Board Committees, including the Audit Committee, Remuneration Committee, and Nomination Committee, to enhance Board functions[174]. - The Company has complied with all applicable provisions of the Corporate Governance Code for the year ended June 30, 2022, except for certain regular Board meetings held with less than 14 days' notice[160]. - The Board of Directors consists of eight members, including four Executive Directors and three Independent Non-executive Directors, ensuring a balance of skills and experience[161]. - The Company received written annual confirmation of independence from all existing Independent Non-executive Directors[161]. Risk Management - The Group is exposed to financial risks related to interest rates, foreign currency, credit, and liquidity, which could impact its financial performance[73]. - Liquidity risk exists as the Group may be unable to meet obligations under loan agreements, which could lead to events of default[74]. - The Group's operations could be adversely affected by outbreaks of contagious diseases, impacting economic demand and productivity[71]. - The Group's financial condition may be influenced by fluctuations in the global economy or specific markets, posing business risks[72]. - An independent consultant was engaged to review the risk management and internal control systems for the year ended June 30, 2022[194]. - The Board will implement appropriate measures to minimize identified risks and control them within acceptable levels[195]. - The risk management and internal control systems are designed to manage risks rather than eliminate them[193]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended June 30, 2022, consistent with the previous year where no dividend was declared[118]. - The Company's distributable reserves as of June 30, 2022, amounted to approximately HK$148,212,000, a decrease from approximately HK$193,562,000 in 2021[121]. - Sales to the five largest customers accounted for less than 30% of total revenue for the year ended June 30, 2022[121]. - The total number of shares in issue as of June 30, 2022, was 19,288,998,508[124]. Employment and Staff - The Group employed an average of approximately 270 full-time employees and 110 temporary staff members during the year ended June 30, 2022, a decrease from approximately 320 full-time employees and 60 temporary staff members in 2021[70]. - The total remuneration of senior management (excluding Directors) for the year ended 30 June 2022 ranged from HK$500,000 to HK$3,000,000[181]. - The Company continues to provide remuneration packages to attract and retain high-caliber staff, including medical and retirement benefits[181]. Environmental and Social Responsibility - The Group's commitment to environmental sustainability is reflected in its operational practices[81]. - The Group strictly complies with local environmental laws and regulations to ensure long-term sustainability[81].

Financial Performance - For the six months ended December 31, 2021, the Group's revenue was approximately HK$111.4 million, representing an increase of approximately 52.1% compared to HK$73.2 million for the same period in 2020[9]. - The Group recorded a loss attributable to owners of the Company of approximately HK$10.3 million for the six months ended December 31, 2021, compared to a profit of approximately HK$71.9 million for the corresponding period last year[11]. - Basic loss per share for the six months ended December 31, 2021, was approximately HK$0.05, compared to basic earnings per share of approximately HK$0.41 for the same period last year[12]. - The significant decrease in profit was mainly due to a reduction in profit from player transfer activities and the absence of fair value gains on derivative financial instruments[11]. - The operating loss for the period was HK$126.3 million, compared to a loss of HK$117.2 million for the same period in 2020, indicating a deterioration in operational performance[48]. - The total comprehensive expense for the period amounted to HK$35.1 million, a significant decline from a comprehensive income of HK$97.6 million in the previous year[48]. - The company reported a total loss for the period of HK$40,144,000, compared to a profit of HK$75,924,000 in the same period last year, indicating a significant decline in overall profitability[76]. Revenue Streams - The Group operates Birmingham City Football Club, with revenue streams including match day receipts, broadcasting income, and commercial income[15]. - The increase in revenue is attributed to improved match day attendance and broadcasting arrangements[9]. - Revenue from the Club for the same period was approximately HK$96.6 million, reflecting a 68.3% increase from HK$57.4 million in the prior year, driven by growth in commercial income and match day receipts[29]. - Revenue from contracts with customers reached HK$88,646,000, up from HK$58,119,000 in the previous year, indicating a year-over-year increase of about 52%[72]. - The broadcasting segment generated HK$45,074,000 in revenue, showcasing the importance of media rights in the company's revenue structure[72]. - Revenue from other sources, including commercial income and rental income, totaled HK$22,729,000, compared to HK$15,086,000 in the previous year, marking an increase of approximately 51%[72]. Business Segments - The Group is engaged in three reportable business segments: operation of a professional football club, investment in properties, and healthcare-related business[13]. - The football club segment generated external sales of HK$96,591,000, while the healthcare business contributed HK$694,000, reflecting the diverse revenue streams of the company[76]. - The segment results for the football club showed a loss of HK$29,853,000, while the healthcare business reported a loss of HK$2,524,000, highlighting the challenges faced in these segments[76]. Operational Challenges - The global economic recovery is facing challenges due to uneven recovery and new COVID-19 variants, impacting the Group's business outlook[26]. - The lifting of COVID-19 restrictions allowed fans to attend matches, significantly improving match day receipts and commercial income[16]. - The management will adopt a cautious approach while seeking business opportunities to create value for shareholders[26]. Financial Position - As of December 31, 2021, the Group's current ratio was approximately 61.4%, an increase from 51.2% on June 30, 2021[39]. - The gearing ratio was approximately 32.4% as of December 31, 2021, down from 35.4% on June 30, 2021[39]. - Total liabilities to total assets ratio was approximately 72.9% as of December 31, 2021, compared to 71.7% on June 30, 2021[39]. - The Group had total borrowings of approximately HK$251.8 million as of December 31, 2021, down from HK$293.8 million on June 30, 2021[39]. - Current liabilities exceeded current assets by approximately HK$179.1 million as of December 31, 2021, compared to HK$267.0 million on June 30, 2021[41]. - The management is exploring opportunities for external financing and equity funding to improve liquidity and financial position[40]. Staff and Operational Costs - The company employed an average of approximately 270 full-time employees and 110 temporary staff, with total staff costs amounting to approximately HK$192.0 million, up from HK$170.6 million in the prior year[46]. - Administrative and other expenses decreased by approximately 38.9% to approximately HK$17.7 million compared to the same period in 2020[31]. - The remuneration of Directors for the six months ended December 31, 2021, was approximately HK$3,871,000, a decrease from approximately HK$4,312,000 in the same period of 2020, reflecting a reduction of about 10.2%[146]. Share Capital and Options - The total authorized share capital was 50,000,000,000 shares, amounting to HK$500,000,000[130]. - The total number of shares issued by the company as of December 31, 2021, is 19,288,998,508[162]. - The Company aims to enhance shareholder value through the Share Option Scheme by encouraging participants to work towards this goal[154]. - The total number of share options outstanding as of December 31, 2021, was 200,412,370, reflecting the Company's commitment to incentivizing its directors and employees[157]. Corporate Governance - The company complied with all applicable provisions of the Corporate Governance Code throughout the six months ended December 31, 2021[162]. - The company has adopted the Model Code for securities transactions by Directors, and all Directors confirmed compliance during the six months ended December 31, 2021[163]. - The audit committee consists of three independent non-executive directors, with Mr. Yeung Chi Tat as the chairman[167].