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大地国际集团(08130) - GEM上市委员会之决定
2025-09-10 14:07
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責,對 其準確性或完整性亦不發表任何聲明,並明確表示概不就因本公告全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 DADI INTERNATIONAL GROUP LIMITED 大地國際集團有限公司 (於開曼群島註冊成立並於百慕達存續之有限公司) 1 未能展示出清晰連貫的業務策略,也未能說明這些計劃如何能顯著改善其業務和運營。 現有的員工規模也讓人懷疑該公司是否有能力履行新簽合同下的義務。該公司未能向委 員會證明其擁有實質、可行且可持續的業務。 本公佈乃大地國際集團有限公司(「本公司」)根據香港聯合交易所有限公司(「聯交 所」)GEM證券上市規則(「GEM上市規則」)第17.10條及香港法例第571章證券及期貨條 例第XIVA部項下之內幕消息條文(定義見GEM上市規則)刊發。 茲提述本公司日期為二零二五年六月二十二日及二零二五年七月二日之公佈(「該等公 佈」),內容有關(其中包括聯交所上市科已決定本公司未能根據GEM上市規則第17.26 條所規定維持足夠的營運水平及擁有相當價值的資產,以及本公司書面請求聯交所GEM ...
大地国际集团(08130) - 截至二零二五年八月三十一日止月份之股份发行人的证券变动月报表
2025-09-03 06:13
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 大地國際集團有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08130 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 20,000,000,000 | HKD | | 0.01 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 20,000,000,000 | HKD | | 0.01 | HKD | | 200,000,000 | 本月底法定/註冊股本總額: HKD 20 ...
大地国际集团(08130) - 截至二零二五年七月三十一日止月份之股份发行人的证券变动月报表
2025-08-05 06:23
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 大地國際集團有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08130 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 20,000,000,000 | HKD | | 0.01 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 20,000,000,000 | HKD | | 0.01 | HKD | | 200,000,000 | 本月底法定/註冊股本總額: HKD 20 ...
大地国际集团(08130) - 2025 - 中期财报
2024-12-27 08:03
Financial Performance - The company reported a revenue of HKD 6,002,000 for the six months ended September 30, 2024, a decrease of 39.5% compared to HKD 9,954,000 for the same period in 2023[47]. - The gross profit for the period was HKD 3,265,000, resulting in a gross margin of approximately 54.3%[47]. - The company incurred a loss before tax of HKD 16,119,000, compared to a loss of HKD 10,484,000 in the previous year, representing a year-over-year increase in loss of 54.3%[47]. - The net loss attributable to owners of the company was HKD 11,217,000, compared to HKD 7,623,000 in the same period last year, indicating a 47.5% increase in net loss[47]. - Total comprehensive expenses for the period amounted to HKD 13,517,000, compared to HKD 7,643,000 in the prior year, reflecting an increase of 77.1%[48]. - The total comprehensive income for the six months ended September 30, 2024, was a loss of HKD 13,517 thousand, compared to a loss of HKD 7,643 thousand for the same period in 2023, indicating a worsening of approximately 76.5%[71]. - The company reported a basic and diluted loss per share of HKD (0.44) for the period, compared to HKD (0.21) in the previous year[47]. - The group’s operating loss for the six months ended September 30, 2024, was HKD 2,737,000, a decrease from HKD 3,760,000 in the same period last year[108]. - The group recorded a loss attributable to shareholders of approximately HKD 11.21 million, compared to HKD 7.62 million in the same period last year, indicating an increase in losses due to a contraction in environmental consulting services and rising administrative costs[156]. Assets and Liabilities - As of September 30, 2024, the group's current assets and current liabilities were approximately HKD 667.81 million and HKD 1,118.46 million, respectively[16]. - The company’s total assets less current liabilities stood at HKD (420,327,000) as of September 30, 2024, compared to HKD (406,810,000) as of March 31, 2024[44]. - As of September 30, 2024, the company's total capital deficit amounted to HKD 420,327 thousand, an increase from HKD 406,810 thousand as of March 31, 2024[73]. - The total borrowings as of September 30, 2024, were HKD 587,781,000, slightly up from HKD 584,634,000 as of March 31, 2024[117]. - The debt-to-asset ratio was approximately 160%, slightly up from about 159% as of March 31, 2024[162]. - The group’s accounts payable as of September 30, 2024, were HKD 166,714,000, compared to HKD 165,827,000 in the previous period[115]. - The group’s net current assets as of September 30, 2024, were significantly impacted by accounts receivable, leading to cash flow constraints[131]. Operational Highlights - The group is focusing on expanding its health product sales segment by integrating product acquisition channels and supply chains to introduce more attractive and advanced health products to the Chinese market[8]. - The group aims to recover accounts receivable and explore new business growth points to significantly improve operational conditions in the next financial year[14]. - The group plans to seek stable revenue-generating business opportunities to enhance overall financial performance and create value for shareholders amid global political and economic instability[15]. - The environmental consulting services segment faced challenges due to rising borrowing costs and inflation, leading to fewer new project participations during the reporting period[8]. - The environmental consulting services industry is expected to develop towards specialization and digital transformation, driven by technological advancements[5]. - The overall economic situation remains uncertain, affecting the willingness of project owners to invest in environmental protection and restoration projects[126]. - The group has taken legal measures to recover outstanding receivables, primarily from downstream customers in the book publishing and distribution sector[131]. - The group plans to launch new health products, including Japanese natto enzyme dietary supplements, to expand its product portfolio and attract domestic demand[134]. - The group will continue to assess industry prospects cautiously while maintaining stable operations amid ongoing economic challenges[132]. Employee and Administrative Costs - The group's administrative expenses increased by approximately 10.79% year-on-year to about HKD 9.86 million for the six months ended September 30, 2023[11]. - The group’s employee costs, including director remuneration, decreased to HKD 3,512,000 from HKD 7,191,000 year-on-year[108]. - The group’s fixed interest rate on borrowings remained stable at 12% as of September 30, 2024[97]. - The group’s operating expenses remained relatively stable, with financial costs recorded at approximately HKD 9.53 million, compared to HKD 9.71 million in the same period last year[129]. Market and Industry Outlook - The demand for healthcare products remains strong, with significant growth potential in imported health products as consumer spending levels rise in China[124]. - The environmental consulting services industry is expected to see significant growth due to increasing environmental awareness and stricter policies, providing a broader market space[101]. - The group continues to operate in the environmental consulting, healthcare products, and publishing sectors, focusing on market expansion in China[78]. - The group plans to continue expanding its service offerings and customer base to meet the demands of various industries[158]. Miscellaneous - The group has no significant contingent liabilities as of September 30, 2024[18]. - The group has not redeemed any of its listed securities during the reporting period[38]. - The company did not acquire or dispose of any properties, plants, or equipment during the six months ended September 30, 2024, maintaining a consistent investment level of HKD 0 thousand[94]. - The company has not recognized any significant deferred tax assets or liabilities as of September 30, 2024, consistent with the previous year[91]. - The company has not provided specific guidance for future performance or new product developments in the current report[67]. - The company operates under the GEM listing, which may expose it to higher market volatility risks compared to main board listings[68]. - The group had 72 full-time employees, with various training programs provided to help employees keep pace with industry trends[165]. - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[171].
大地国际集团(08130) - 2025 - 中期业绩
2024-11-29 14:12
Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 6,002,000, a decrease of 39.5% compared to HKD 9,954,000 for the same period in 2023[9]. - The company incurred a loss of HKD 16,119,000 for the period, which is an increase of 47.5% from a loss of HKD 10,954,000 in the previous year[11]. - Basic and diluted loss per share for the period was HKD 0.44, compared to HKD 0.21 for the same period last year[9]. - Total comprehensive expenses for the period amounted to HKD 13,517,000, up from HKD 7,643,000 in the previous year, reflecting a 77.5% increase[11]. - Operating loss for the six months ended September 30, 2024, was HKD 11,217,000, compared to an operating loss of HKD 7,623,000 for the same period in 2023, indicating a deterioration in performance[42]. - The group recorded a loss of approximately HKD 16.12 million, an increase from HKD 10.95 million in the same period last year, primarily due to a contraction in the environmental consulting services business[73]. Assets and Liabilities - The company's total assets less current liabilities stood at HKD (420,327,000) as of September 30, 2024, compared to HKD (406,810,000) as of March 31, 2024[12]. - The company's total assets of the company as of September 30, 2024, were HKD 1,118,482,000, compared to HKD 1,096,238,000 as of March 31, 2024, indicating an increase of 2%[29]. - The company's equity attributable to owners decreased to HKD (185,086,000) from HKD (175,477,000), reflecting a worsening financial position[14]. - The company's total borrowings as of September 30, 2024, amounted to HKD 587,781,000, an increase from HKD 584,634,000 as of March 31, 2024[51]. - The debt-to-asset ratio was approximately 160% as of September 30, 2024, compared to about 159% on March 31, 2024[84]. Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 769,000, a decrease of 81% compared to HKD 4,050,000 for the same period in 2023[17]. - The company reported no cash flow from investing activities for the current period, compared to HKD 1,685,000 in the previous year[17]. - The financing activities did not generate any cash flow during the current period, contrasting with a cash outflow of HKD 1,375,000 in the previous year[17]. - The total cash and cash equivalents at the end of the period increased to HKD 13,469,000 from HKD 12,987,000, reflecting a growth of 3.7%[17]. Business Segments and Strategy - The company’s main business segments include environmental consulting services, healthcare product sales, and publishing, procurement, and distribution of books[18]. - The company is focusing on expanding its environmental consulting services in China, which is expected to drive future revenue growth[22]. - The company is reassessing its strategy for the health products sales segment, aiming to introduce more attractive and advanced health products and nutritional supplements from overseas[65]. - The health products market in China is anticipated to grow significantly, driven by rising disposable income and increased public awareness of health and wellness[63]. - The environmental consulting services segment faced challenges due to increased borrowing costs and overall low levels of business and investment activity in China[65]. - The environmental consulting services industry in China is expected to see increased competition and a shift towards digital and intelligent transformation due to rising environmental awareness and stricter policies[60]. Employee and Administrative Costs - Employee costs, including director remuneration, decreased to HKD 3,512,000 from HKD 7,191,000, reflecting a reduction of 51.1%[36]. - Administrative expenses increased by approximately 10.79% year-on-year to about HKD 9.86 million for the six months ended September 30, 2023[71]. - Financial costs remained stable at approximately HKD 9.53 million compared to HKD 9.71 million for the same period last year[72]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[105]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2024[107]. - The company has implemented a code of conduct for securities trading, ensuring compliance with GEM listing rules[106]. - There are no known conflicts of interest among directors, management, and major shareholders during the reporting period[103]. Shareholder Information - The group has a total of 1,027,985,995 shares held by major shareholders, representing 28.24% of the issued share capital[99]. - The average number of shares outstanding for the calculation of basic loss per share was 3,640,627,457 for both periods under review[42]. Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[9]. - The company did not report any significant new product launches or technological developments during this period[30]. - The company had no acquisitions or disposals of property, plant, and equipment during the six months ended September 30, 2024[45]. - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[90]. - The group has no significant capital commitments or contingent liabilities as of September 30, 2024[87][88]. - There were no significant investments or capital asset plans as of September 30, 2024[92][93]. - No major events occurred after September 30, 2024, up to the report date[94]. - The board of directors and key executives have not changed during the reporting period[102]. - The company has 72 full-time employees, with various training programs provided to keep them updated on industry trends[91].
大地国际集团(08130) - 2024 - 年度财报
2024-07-31 08:31
Financial Performance - The company reported revenue of approximately HKD 19.5 million for the fiscal year ending March 31, 2024, a decrease of about 46.5% compared to HKD 36.5 million for the fiscal year ending March 31, 2023[11]. - The company improved its loss to HKD 91.2 million for the current fiscal year, compared to a loss of approximately HKD 332.9 million in the previous fiscal year[11]. - The decline in revenue was primarily attributed to the market contraction in the environmental consulting services sector and adjustments in health product sales[11]. - The environmental consulting services segment generated approximately HKD 19.5 million in revenue for the year, a decrease of about 43.8% compared to HKD 34.7 million in the previous fiscal year[21]. - The health products segment recorded sales of approximately HKD 20,000, down about 98.8% from HKD 1.6 million in the previous fiscal year, primarily due to a focus on adjusting raw material sources and improving processing technology[23]. - The group recorded a loss of approximately HKD 91.2 million for the year, an improvement compared to a loss of HKD 332.9 million in the previous fiscal year, attributed to reduced sales costs and significant decreases in expected credit loss provisions[65]. - The group reported a net loss of approximately HKD 104,776,000 for the fiscal year ending March 31, 2024[187]. Cost Management - The company implemented cost-saving measures, resulting in a significant reduction in administrative expenses and a decrease in sales costs[11]. - The group's sales cost for the year was approximately HKD 9.6 million, a decrease of about 61.2% from HKD 24.8 million in the fiscal year 2023[55]. - Administrative expenses decreased to HKD 26.0 million, down approximately 15.5% from HKD 30.8 million in fiscal year 2023[59]. - Financial costs for the year amounted to approximately HKD 66.9 million, a year-on-year increase of about 35.5% from HKD 49.3 million, primarily due to overdue interest related to borrowings[64]. Market Conditions - The environmental consulting services industry in China is experiencing increased competition due to the government's relaxation of qualification controls and rising marketization[16]. - The government has introduced policies to support the development of the environmental consulting services industry, providing a broad market space for growth[16]. - The company is expected to benefit from the increasing emphasis on environmental protection and sustainable development, leading to a more favorable market environment[16]. - Future trends in the environmental consulting services industry include specialization, refinement, and the adoption of digital and intelligent technologies[16]. - The demand for healthcare products remains strong, with significant growth potential for imported health products as disposable income in China increases[19]. Business Strategy - The company aims to explore new business growth points while maintaining existing operations, with a focus on improving operational performance in the upcoming fiscal year[11]. - The company continues to invest resources to stabilize and develop its environmental consulting services amidst market challenges[21]. - The group aims to explore new business growth points while recovering accounts receivable to improve operational conditions in the next fiscal year[69]. - The company is expanding its health product offerings to include chewable functional snacks and dietary fiber products targeting the younger generation in China[23]. - The group plans to launch new health products, including a Japanese natto kinase dietary supplement, to attract demand from the younger generation in China[69]. Legal and Compliance Issues - The company is actively pursuing legal actions to recover outstanding receivables from downstream distributors in the publishing segment[24]. - The group is currently pursuing legal actions against borrowers and/or guarantors under the P2P business model[50]. - The company has engaged external auditors to ensure the accuracy and completeness of financial disclosures[187]. - The auditors expressed a disclaimer of opinion regarding the group's financial statements due to uncertainties about going concern[186]. - The company has acknowledged a delay in publishing its preliminary results for the fiscal year ending March 31, 2024, which constitutes a violation of GEM Listing Rule 18.49(1)[195]. Governance and Management - The board includes independent non-executive directors with diverse backgrounds in economics, finance, and media, enhancing governance and strategic oversight[107][110]. - The company emphasizes maintaining high standards of business ethics and corporate governance as a key objective[118]. - The board consists of six directors, including one executive director and three independent non-executive directors, ensuring a balance of power[125]. - The company has established committees, including an audit committee, remuneration committee, and nomination committee, to oversee specific areas of governance[124]. - The company has implemented training programs to reinforce ethical standards and compliance among employees[121]. Employee and Workforce Management - The group employed approximately 72 employees, a slight decrease from 73 employees as of March 31, 2023[102]. - The group maintains employee compensation policies at market levels, reviewed annually by management, based on responsibilities, performance, and industry practices[102]. - The group views its employees as its most important asset, providing regular training and development programs to enhance effectiveness[102]. - The company is committed to employee development, workplace safety, and sustainable growth, which are essential for attracting and retaining top talent[122]. - The board's diversity policy considers factors such as gender, age, cultural background, and professional experience to support strategic goals[155]. Financial Position - The group's total assets as of March 31, 2024, were approximately HKD 689.4 million, down from HKD 713.3 million a year earlier, with accounts receivable and other receivables decreasing to HKD 645.6 million from HKD 680.1 million[71]. - The group's debt as of March 31, 2024, was approximately HKD 584.6 million, a decrease of about 3.4% from HKD 605.4 million a year earlier, primarily due to currency exchange adjustments[73]. - Current liabilities exceeded current assets by approximately HKD 452,280,000 as of March 31, 2024[187]. - The group has outstanding borrowings of approximately HKD 584,634,000, with cash and cash equivalents of only about HKD 12,987,000[187]. Future Outlook - The company aims to recover receivables and other amounts through judicial procedures to improve operational cash flow and financial condition[192]. - The company is seeking further financing from investors, lenders, and shareholders, including shareholder loans, equity financing, and bank loans to enhance liquidity[192]. - The company intends to sell non-core businesses and/or financial assets to raise operating capital[192]. - Management has implemented several plans and measures to improve liquidity and financial conditions, although their success remains uncertain[191].
大地国际集团(08130) - 2024 - 年度业绩
2024-07-28 10:02
Financial Performance - The company's revenue for the year was approximately HKD 19.5 million, a decrease of about 46.5% compared to HKD 36.5 million for the fiscal year ending March 31, 2023[16]. - The company reported an improved loss of HKD 91.2 million for the year, compared to a loss of approximately HKD 332.9 million in the previous fiscal year[16]. - The environmental consulting services segment contributed approximately HKD 19.5 million in revenue, down about 43.8% from HKD 34.7 million in the previous fiscal year[26]. - Sales in the health products segment recorded approximately HKD 20,000, a significant decline of about 98.8% from HKD 1.6 million in the previous fiscal year[28]. - The group's revenue for the year was approximately HKD 19.5 million, a decrease of about 46.5% compared to HKD 36.5 million in the fiscal year 2023[57]. - The group recorded a sales cost of approximately HKD 9.6 million, a decrease of about 61.2% from HKD 24.8 million in the fiscal year 2023, primarily due to a reduction in business scale[60]. - The group's gross profit decreased by approximately 15.0% to HKD 9.9 million from HKD 11.6 million in the fiscal year 2023, attributed to a reduction in business scale without a corresponding decrease in labor costs[63]. - The gross profit margin increased from approximately 31.9% in the fiscal year 2023 to about 50.7% in the current year, mainly due to a decrease in sales costs[63]. - The company recorded a net loss of approximately HKD 91.2 million for the year, an improvement from a loss of HKD 332.9 million in the previous fiscal year[70]. - The expected credit loss provision net amount for the year was approximately HKD 9.3 million, with accounts receivable and other receivables contributing about HKD 7.1 million and HKD 2.2 million, respectively, accounting for 76.2% and 23.8% of the total expected credit loss provision[65]. - The group recorded a cumulative expected credit loss provision of approximately HKD 109 million for loans and other receivables under the financial services segment[55]. Operational Challenges - The company experienced a challenging fiscal year due to the lingering effects of the COVID-19 pandemic, which led to continued contraction in various industries, including environmental consulting services[15]. - The company faced operational disruptions as two executive directors were taken by the Shanxi Provincial Commission for Discipline Inspection, impacting business development efforts[15]. - The overall economic environment remains challenging, but the company is committed to maintaining stable revenue sources while reducing operational costs[25]. - The publishing, procurement, and distribution of books have been suspended due to tight cash flow and unfavorable industry conditions, with significant receivables from downstream distributors[29]. - The financing leasing business has been on hold, with plans to resume operations in compliance with new regulations issued by the National Financial Supervisory Administration[31]. - Other financial services, including currency lending and P2P operations, have been permanently ceased due to deteriorating financial conditions of various businesses exacerbated by the COVID-19 pandemic[32]. Future Plans and Strategies - The company plans to prudently assess industry prospects and actively explore new business growth points to improve operational performance in the upcoming fiscal year[16]. - The health products market is expected to grow significantly due to rising disposable income and increased public awareness of health, despite current challenges[24]. - The company is focusing on adjusting raw material sources and improving processing technology to better meet market demands[28]. - The environmental consulting services industry is anticipated to benefit from increased government investment and supportive policies aimed at environmental protection and sustainable development[21]. - The company aims to expand its product offerings to cater to the younger generation's growing interest in health and dietary supplements[28]. - The company plans to launch new health products, including Japanese natto kinase supplements, to expand its product portfolio and attract demand from the younger generation in China[74]. - The company aims to enhance its revenue drivers and overall financial performance amid global political and economic instability[74]. Governance and Compliance - The company is committed to adhering to the GEM listing rules and ensuring the accuracy and completeness of the information provided[8]. - The company has established a dedicated audit committee to oversee financial reporting and compliance[118]. - The board consists of six directors, including one executive director and three independent non-executive directors, ensuring a balance of power and oversight[130]. - The company faced governance challenges due to the resignation of two executive directors in June 2023, which necessitated interim leadership arrangements[133]. - The board has established committees for audit, remuneration, and nominations to enhance governance and oversight[130]. - The company has taken corrective actions to address governance code deviations, including clarifying the roles of the chairman and CEO[135]. - The board is committed to ensuring that independent non-executive directors provide independent opinions and are evaluated annually for their independence[133]. - The company emphasizes maintaining high standards of business ethics and corporate governance as a key objective[123]. - The company has adhered to all applicable provisions of the corporate governance code as outlined in the GEM Listing Rules[124]. Employee and Management Practices - The company emphasizes employee training and development, covering topics such as industry advancements and compliance[107]. - The management team is focused on mitigating business risks by monitoring market trends and employee retention strategies[100]. - The company aims to attract and retain key personnel by offering competitive rewards and ensuring a conducive work environment[100]. - The company has established a clear framework for evaluating board candidates, ensuring they possess relevant business, financial, and management skills[171]. - The company is committed to maintaining gender diversity and equality across its workforce and aims to achieve gender balance in senior management within the next year[164]. - The company has implemented measures to ensure timely and accurate information is provided to all directors for informed decision-making[139]. Financial Position and Liquidity - Current liabilities exceeded current assets by approximately HKD 452,280,000 as of March 31, 2024[192]. - The company has outstanding borrowings of approximately HKD 584,634,000 as of March 31, 2024, with cash and cash equivalents of only about HKD 12,987,000[192]. - The company is taking measures to improve liquidity and financial conditions due to uncertainties regarding going concern, including potential asset impairment adjustments[196]. - The company plans to establish settlement arrangements with creditors, including offsetting loan principal based on court rulings[197]. - Legal actions will be initiated to recover receivables to improve operational cash flow and financial status[197]. - The company is seeking further financing from investors, lenders, and shareholders to enhance liquidity[197]. - Non-core businesses and/or financial assets may be sold to raise operational funds[197]. - The audit committee supports management's position and emphasizes the need to resolve uncertainties related to going concern[198].
大地国际集团(08130) - 2024 - 年度业绩
2024-04-30 08:31
Financial Services Segment Performance - The financial services segment recorded zero revenue and an expected credit loss of approximately HKD 147.8 million, accounting for about 20.72% of the total assets as of March 31, 2023[3]. - The outstanding balance of loans and other receivables in the financial services business was approximately HKD 114 million, with an expected total credit loss of HKD 113 million for the year[5]. - The financial services segment remains suspended due to the adverse financial conditions of various industries exacerbated by the COVID-19 pandemic[5]. - The company has not established a specific timeline for the resumption of the financial services segment but will monitor industry conditions and macroeconomic environments closely[5]. Business Models and Operations - The business model prior to suspension included two main modes: currency lending and P2P business, primarily operated by a wholly-owned subsidiary[6]. - The currency lending model focused on providing loans to corporate clients for operational and trading activities, typically secured by third-party guarantees[7]. - The P2P business model was gradually phased out due to deteriorating quality in similar services offered by other providers and increased regulatory scrutiny[11]. - The loan agreements under the currency lending model typically had a term of about 12 months, while P2P loans ranged from 90 to 180 days[12]. - The company emphasizes compliance with applicable Chinese laws and regulations during the operation of the P2P business model[11]. Credit Risk Management - The credit risk assessment policy requires all clients in the financial services segment to undergo a thorough evaluation and background check[14]. - As of March 31, 2023, the group has 19 debtors across various industries, with outstanding loans totaling approximately HKD 0.1 million to HKD 21 million, and applicable interest rates ranging from 7% to 9%[23]. - The top five debtors account for approximately 81% of the total outstanding loans[23]. - The group recorded a cumulative expected credit loss provision of approximately HKD 113 million for the financial services segment, fully provisioning for loans under the P2P business model[27]. Loan Monitoring and Recovery - The financial department is responsible for monitoring the loan portfolio and individual loan recoverability, including assessing the actual use of loans and the financial condition of borrowers[20]. - The group has established internal monitoring measures for loan recovery processes and will take appropriate follow-up actions if any potential difficulties in repayment are identified[19]. - In the event of overdue loans, management will consider appropriate follow-up actions, including legal proceedings against borrowers and guarantors if necessary[22]. - The expected credit loss model is based on a "three-stage model" as per Hong Kong Financial Reporting Standard 9, assessing credit quality changes and estimating economic losses[24]. - The group will initiate legal proceedings against borrowers and/or guarantors for loans under the P2P business model that have been overdue for some time[27]. - The financial department will issue reminders and collection letters for all overdue loans, and may escalate to legal action if necessary[22]. - The group will disclose further updates on legal proceedings and recovery of outstanding receivables as per applicable laws and regulations[27].
大地国际集团(08130) - 2024 - 中期财报
2023-11-14 08:54
Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 9,954,000, a decrease of 49.9% compared to HKD 19,856,000 for the same period in 2022[8]. - The gross profit for the same period was HKD 6,194,000, representing a gross margin of approximately 62.2%, compared to HKD 6,727,000 and a gross margin of 33.8% in the previous year[8]. - The company incurred a loss before tax of HKD 10,484,000, a significant improvement from a loss of HKD 21,418,000 in the prior year[8]. - The net loss attributable to the owners of the company for the six months was HKD 7,623,000, compared to HKD 15,561,000 in the same period last year, indicating a reduction of 51%[8]. - The company reported a total comprehensive loss attributable to owners of the company of HKD 138,000,000 for the six months ended September 30, 2023, compared to a loss of HKD 206,616,000 for the same period in 2022, indicating an improvement in performance[28]. - The group incurred an operating loss of 3,760 thousand HKD for the six months ended September 30, 2023, compared to an operating loss of 13,129 thousand HKD for the same period in 2022, representing a 71.4% improvement[126]. - The company recorded a loss of approximately HKD 10.95 million during the reporting period, an improvement compared to a loss of about HKD 22.36 million in the same period last year[144]. Assets and Liabilities - The company's total assets as of September 30, 2023, were HKD 651,090,000, down from HKD 691,421,000 as of March 31, 2023[12]. - The company reported a decrease in total liabilities to HKD 1,015,812,000 from HKD 1,049,600,000, indicating a reduction in financial obligations[12]. - As of September 30, 2023, the company's total capital deficit amounted to HKD 344,616,000, compared to HKD 336,973,000 as of March 31, 2023, reflecting an increase in capital deficit of approximately 0.4%[14]. - The total borrowings as of September 30, 2023, were HKD 579,261,000, a decrease of approximately 4.3% from HKD 605,431,000 as of March 31, 2023[28]. - The group's total liabilities were approximately HKD 1,008.63 million, with a debt level of HKD 579.26 million, down from HKD 605.43 million as of March 31, 2023, reflecting a decrease of about 4.31%[159]. - The group's accounts receivable amounted to 621,064 thousand HKD, down from 640,641 thousand HKD as of March 31, 2023, indicating a decrease of 3.0%[120]. Cash Flow and Liquidity - The company reported a net cash generated from operating activities of HKD 3,270,000 for the six months ended September 30, 2023, compared to a net cash used of HKD 2,433,000 for the same period in 2022, indicating a significant turnaround[23]. - The company's cash and cash equivalents increased to HKD 12,951,000 from HKD 8,880,000, reflecting improved liquidity[12]. - The cash and cash equivalents at the end of the period were HKD 12,951,000, down from HKD 15,123,000 at the end of the same period last year, representing a decrease of approximately 14.4%[23]. - The group's cash and bank balances increased from HKD 8.88 million as of March 31, 2023, to HKD 12.95 million as of September 30, 2023, due to improved cash flow from operations[164]. Operational Efficiency and Strategy - The company continues to focus on improving operational efficiency and reducing costs to enhance profitability in future periods[5]. - The management remains optimistic about future growth opportunities despite the current market challenges[5]. - The company plans to reassess its strategy in the health product sales division and integrate new product supply chains to introduce more attractive health products to the Chinese market[138]. - The group anticipates a gradual recovery of the Chinese economy in the last quarter of 2023 and the first half of 2024, driven by increased consumer spending and industrial investment[147]. - The group plans to leverage its strategic positioning and product acquisition channels to capture market opportunities during the economic recovery[147]. Corporate Governance - The company has established an audit committee to review and oversee the financial reporting process and internal control procedures, consisting of non-executive directors and independent non-executive directors[195]. - The interim chairman confirmed that all directors have complied with the company's adopted code of conduct for securities trading, which meets the standards set by GEM listing rules[194]. - The company emphasizes the importance of good corporate governance practices and procedures, with the chairman responsible for ensuring these are established[200]. - The board of directors is composed of both executive and independent non-executive directors, ensuring a balanced governance structure[196]. - The company has taken steps to clarify the division of responsibilities between the chairman and CEO[180]. Market Trends - The environmental consulting services industry is expected to see significant growth due to increased demand for environmental consulting services driven by enhanced regulatory requirements and policies[35]. - The market for ecological restoration and comprehensive utilization of mining solid waste is experiencing a surge in demand, supported by new projects and innovative business models[37]. - The demand for health products remains strong, with a notable shift towards high-quality and diverse options as disposable income increases in China[40]. - The sales of imported health products are projected to grow significantly due to rising public health awareness and the demand for quality supplements[40].
大地国际集团(08130) - 2024 - 中期业绩
2023-11-14 08:52
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,概不就因本公告全部或任 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。 DADI INTERNATIONAL GROUP LIMITED 大 地 國 際 集 團 有 限 公司 (於開曼群島註冊成立並於百慕達存續之有限公司) (股份代號:8130) 截至二零二三年九月三十日止六個月之 中期業績公告 大地國際集團有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然宣佈本公司 及其附屬公司截至二零二三年九月三十日止六個月的未經審核綜合業績。本公告 載列本公司二零二三年中期報告(「中期報告」)全文,符合香港聯合交易所有限公 司GEM證券上市規則有關隨附各財政年度首六個月之初步業績公告資料的相關 規定。 本業績公告將分別在香港聯合交易所有限公司(「聯交所」)網站(www.hkexnews.hk) 及本公司網站(http://www.dadi-international.com.hk)上刊登。 中期報告印刷本將寄發予本公司股東,並於適當時間在聯交所網站及本公司網站 可供查閱。 承 ...