DADI INTL GROUP(08130)
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大地国际集团(08130) - 2020 - 年度财报
2020-06-29 08:49
Financial Performance - The company reported a revenue increase of approximately 10.4 times to about HKD 1,225,000,000 for the fiscal year ending March 31, 2020, compared to HKD 107,000,000 in 2019[11]. - The profit attributable to owners of the company was approximately HKD 34,600,000, a significant turnaround from a loss of HKD 42,700,000 in 2019[11]. - The group's total revenue from continuing operations was approximately HKD 1,225,000,000, a significant increase of about 10.4 times compared to HKD 107,200,000 in the previous year[22]. - The advertising and media services segment generated revenue of approximately HKD 101,200,000, a decrease of about 3.2% from HKD 104,500,000 in the previous year, while achieving a profit of approximately HKD 11,300,000 compared to a loss of HKD 2,500,000 in the prior year[19]. - The financial services segment reported a revenue of approximately HKD 800,000, down about 70.4% from HKD 2,700,000, with a loss of approximately HKD 12,100,000, an increase of about 22.2% from the previous year's loss of HKD 9,900,000[21]. - The company reported a profit attributable to owners of approximately HKD 34,600,000, a turnaround from a loss of approximately HKD 42,700,000 in the previous year, mainly due to the publishing segment's performance[24]. Business Focus and Strategy - The company is focused on publishing, procurement, and distribution of books, as well as advertising and media-related services, and providing financial services[13]. - The company aims to leverage the increasing demand for educational resources driven by national policies on school library construction and updates[14]. - The company plans to expand its publishing, procurement, and distribution business, aiming for significant sales growth and collaboration with well-known institutions like Shanghai Children's Publishing House[25]. - The company has undergone a rebranding in May 2019, changing its name to Dadi International Group Limited, reflecting its broader business scope[11]. Market Outlook - The total market size for school library book supply in China is projected to exceed 5.7 billion volumes over the next five years, indicating substantial growth potential[14]. - The company expressed confidence in the long-term stable growth of the Chinese economy despite the challenges posed by the COVID-19 pandemic[11]. - The company is expanding its market presence in the Asia-Pacific region, targeting a market share increase of EE% by the end of the next fiscal year[63]. Corporate Governance - The board consists of eight directors, including three executive directors and three independent non-executive directors, ensuring a balance of power and accountability[77]. - The company emphasizes board diversity, considering factors such as gender, age, and professional experience to achieve strategic goals[89]. - The company has adopted a code of conduct for directors' securities transactions in compliance with GEM Listing Rules[113]. - The company’s board of directors is focused on enhancing corporate governance standards to maintain investor confidence[130]. - The company has implemented new strategies to improve corporate governance, ensuring compliance with all applicable regulations and enhancing shareholder value[73]. Risk Management - The company faces various risks, including business risk from changing customer preferences and economic downturns, which it aims to mitigate through market trend reviews and flexible solutions[45]. - The company emphasized the importance of internal controls and risk management, implementing a three-line defense model for risk identification and monitoring[116]. - The board reviewed the effectiveness of the risk management and internal control systems and found them to be effective without any significant deficiencies[117]. Human Resources - The company employed 46 staff as of March 31, 2020, an increase from 38 in the previous year[55]. - The remuneration committee is responsible for setting compensation policies and reviewing the remuneration of senior management, ensuring alignment with company performance[90]. Financial Position - The total assets of the group increased to approximately HKD 1,225,100,000 from HKD 638,500,000, primarily due to increased receivables and prepayments from the publishing business[31]. - The company's debt-to-asset ratio increased to 56.3% from 23.2% in the previous year, primarily due to increased borrowings to support its publishing business[56]. - The company reported a total distributable reserve of HKD 325,900,000 as of March 31, 2020, unchanged from the previous year[148]. Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2020[179]. - The company has not changed auditors in the past three years, with the current auditor being Guo Wei CPA Limited[176]. - The audit committee oversees the financial reporting process of the company[194]. - The auditor assesses the appropriateness of accounting policies adopted by the directors and the reasonableness of accounting estimates and related disclosures[198].
大地国际集团(08130) - 2020 Q3 - 季度财报
2020-02-13 09:01
Financial Performance - Revenue for the third quarter of 2019 was HKD 359,338,000, a significant increase from HKD 32,047,000 in the same period of 2018, representing a growth of 1,021%[5] - Gross profit for the third quarter of 2019 was HKD 65,200,000, compared to HKD 6,661,000 in the third quarter of 2018, marking an increase of 877%[5] - The net profit for the third quarter of 2019 was HKD 19,695,000, a turnaround from a loss of HKD 2,495,000 in the same quarter of 2018[5] - The basic and diluted earnings per share for the third quarter of 2019 were HKD 0.17, compared to a loss per share of HKD 0.10 in the same period of 2018[5] - Total comprehensive income for the third quarter of 2019 was HKD 21,110,000, compared to HKD 7,388,000 in the third quarter of 2018, an increase of 186%[7] - For the nine months ended December 31, 2019, revenue reached HKD 796,273,000, up from HKD 80,809,000 in the same period of 2018, reflecting a growth of 884%[5] - The gross profit for the nine months ended December 31, 2019, was HKD 143,487,000, compared to HKD 14,113,000 in the same period of 2018, an increase of 916%[5] - The net profit for the nine months ended December 31, 2019, was HKD 48,728,000, compared to a loss of HKD 15,149,000 in the same period of 2018[5] - The company reported a profit attributable to owners of approximately HKD 16,200,000 for the nine months ended December 31, 2019, compared to a loss of HKD 15,100,000 for the same period in 2018[35] Revenue Breakdown - Revenue from publishing, procurement, and distribution of books contributed approximately HKD 719,800,000, while advertising and media services contributed HKD 76,100,000, and financing leasing and other financial services contributed HKD 400,000[35] - Revenue from advertising and media services decreased from HKD 77,900,000 in 2018 to HKD 76,100,000 in 2019, reflecting a decline of approximately 2.3%[33] - Revenue from financing leasing and other financial services significantly decreased from HKD 2,900,000 in 2018 to HKD 400,000 in 2019, a decline of approximately 86.2%[34] Operational Highlights - The company continues to focus on expanding its business in publishing, advertising, and financial services, aiming for further growth in the upcoming quarters[9] - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming quarters[29] - The management plans to continue expanding in the cultural media business and invest in environmental sectors to achieve significant business scale growth[37] - The company aims to explore development models in the financial sector using industrial funds to promote business growth[37] Financial Expenses and Income - Interest income from other borrowings for the nine months ended December 31, 2019, was HKD 30,467,000, a substantial increase from HKD 2,829,000 in the same period of 2018[17] - The total financial expenses for the nine months ended December 31, 2019, amounted to HKD 31,092,000, compared to HKD 2,876,000 for the same period in 2018, showing a significant rise[19] - The company incurred a tax expense of HKD 8,664,000 for the three months ended December 31, 2019, compared to HKD 31,000 for the same period in 2018[21] Corporate Governance - The company has established an audit committee to oversee financial reporting, risk management, and internal control processes[51] - The board of directors consists of three executive directors, two non-executive directors, and three independent non-executive directors[52] - Major shareholders include Shanxi Provincial State-owned Capital Investment Operation Co., Ltd., holding 28.73% of the issued share capital[46] - There are no interests held by directors or major shareholders that could constitute competition with the company's business[49] - During the reporting period, the company did not redeem any of its listed securities[50] - The board decided not to declare any interim dividend for the nine months ended December 31, 2019, consistent with 2018[31] Other Financial Metrics - The company reported other comprehensive income of HKD 1,415,000 for the third quarter of 2019, compared to HKD 9,883,000 in the same quarter of 2018[7] - For the three months ended December 31, 2019, the company reported customer contract revenue of HKD 25,900,000, a decrease of 19.5% compared to HKD 32,078,000 for the same period in 2018[13] - The total revenue for the nine months ended December 31, 2019, was HKD 79,443,000, compared to HKD 80,809,000 for the same period in 2018, reflecting a slight decline of 1.7%[13] - The operating profit for the three months ended December 31, 2019, was HKD 2,800,000, compared to a loss of HKD 31,000 for the same period in 2018, indicating a significant turnaround[18] - The company reported a basic earnings per share of HKD 0.00174 for the three months ended December 31, 2019, compared to a loss per share of HKD 0.00102 for the same period in 2018[24] - The company has no significant unrecognized deferred tax assets and liabilities as of December 31, 2019[23] - The company’s total liabilities increased, reflecting ongoing investments and operational costs[29] - The company made a minority equity investment of approximately HKD 22,300,000 in a Chinese payment agency in Shanghai during the period[36]
大地国际集团(08130) - 2020 - 中期财报
2019-11-14 08:33
Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 436,935,000, a significant increase from HKD 48,762,000 in the same period of 2018, representing a growth of 795%[5] - Gross profit for the six months ended September 30, 2019, was HKD 78,287,000, compared to HKD 7,452,000 in the previous year, indicating a growth of 950%[5] - The operating profit for the six months ended September 30, 2019, was HKD 58,519,000, a turnaround from an operating loss of HKD 10,662,000 in the same period of 2018[5] - The net profit for the six months ended September 30, 2019, was HKD 29,033,000, compared to a net loss of HKD 12,654,000 in the same period of 2018[5] - Basic and diluted earnings per share for the six months ended September 30, 2019, was HKD 0.28, compared to a loss per share of HKD 0.36 in the same period of 2018[5] - The group reported a profit for the period of HKD 29,033 thousand for the six months ended September 30, 2019, compared to a loss of HKD 12,654 thousand in the same period of 2018[26] - The group recorded a profit before tax of HKD 42,623 thousand for the six months ended September 30, 2019, compared to a loss of HKD 13,590 thousand in the same period of 2018[26] Assets and Liabilities - Total assets as of September 30, 2019, amounted to HKD 1,076,680,000, a significant increase from HKD 490,313,000 as of March 31, 2019[9] - Current assets as of September 30, 2019, were HKD 1,180,945,000, compared to HKD 615,271,000 as of March 31, 2019, reflecting a growth of 92%[9] - The company reported a total equity of HKD 514,630,000 as of September 30, 2019, up from HKD 490,313,000 as of March 31, 2019[11] - The group’s total borrowings as of September 30, 2019, amounted to HKD 557,395,000, compared to HKD 22,329,000 as of March 31, 2019[46] - The group's debt-to-asset ratio increased to 58.3% from 23.2% as of March 31, 2019, primarily due to an increase in other borrowings[66] Cash Flow - For the six months ended September 30, 2019, the company reported a net cash outflow from operating activities of HKD (446,045) thousand, compared to a net inflow of HKD 13,393 thousand in the same period of 2018[16] - The company generated a net cash inflow from financing activities of HKD 560,213 thousand, significantly up from HKD 3,900 thousand in the previous year[16] - As of September 30, 2019, the company's cash and cash equivalents totaled HKD 148,055 thousand, an increase from HKD 35,123 thousand at the end of the same period in 2018[16] Revenue Segments - The company’s revenue from publishing, procurement, and distribution of books is a key business segment, primarily operating in China[19] - Revenue from the publishing, procurement, and distribution of books was approximately HKD 386,300,000 during the period, primarily from China[57] - Revenue from advertising and media-related services was approximately HKD 50,400,000, an increase from HKD 46,000,000 in 2018[58] - Revenue from financing leasing and other financial services was approximately HKD 200,000, a decrease from HKD 2,800,000 in 2018[59] Expenses - The company’s administrative expenses for the six months ended September 30, 2019, were HKD 20,373,000, compared to HKD 19,573,000 in the same period of 2018, indicating a slight increase of 4%[5] - The group incurred finance costs of HKD 15,896 thousand for the six months ended September 30, 2019, compared to HKD 1,979 thousand in the same period of 2018[33] - Financial expenses for the period amounted to approximately HKD 15.9 million, up from HKD 2 million in 2018, mainly due to new trust loans obtained by the group[60] Corporate Governance - The board consists of three executive directors, two non-executive directors, and three independent non-executive directors[92] - The audit committee is responsible for reviewing the financial reporting system, risk management, and internal control systems[91] - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[90] - The company has complied with the corporate governance code as per GEM listing rules during the period[87] Employee and Shareholder Information - The group had 47 employees as of September 30, 2019, and provides various benefits including participation in mandatory provident fund schemes[73] - Major shareholders hold a combined 1,019,345,995 shares, representing 28.59% of the company's issued share capital[82] Future Plans and Investments - The company plans to expand its publishing and distribution business and is actively pursuing collaborations with Shanghai Children's Publishing House and BesTV Media Technology Group[62] - The company has made a minority equity investment of approximately HKD 22.17 million in a payment agency company in Shanghai during the period[74] - The company is in preliminary discussions with a well-known institution regarding an environmental industry fund[63] Miscellaneous - The group did not declare any interim dividend for the six months ended September 30, 2019, consistent with 2018[56] - The group has no significant contingent liabilities as of September 30, 2019[71] - The company did not redeem any of its listed securities during the period[86] - There were no reported interests in any business that may compete with the group as of September 30, 2019[85] - No individuals or corporations, apart from those disclosed, held any interests in the company's shares that required disclosure[84]
大地国际集团(08130) - 2020 Q1 - 季度财报
2019-08-14 09:04
D Dadi International Group Limited 大 地 國 際 集 團 有 限 公 司 ()前稱「Zhi Cheng Holdings Limited智城控股有限公司」) (於阿曼群島注意成立並於百張達存順之有限公司) (股份代號:8130) 2019 第一季度業績報告 VAR 2019 7018 2017 MANAGEMENT DISCUSSION AND ANALYSIS 香港聯合交易所有限公司(「聯交所」)GEM 之特色 GEM之定位,乃為相比起其他在聯交所上市之公司帶有較高投資風險之公司提供一個上市之市場。 有意投資之人士應了解投資於該等公司之潛在風險,並應經過審慎周詳之考慮後方作出投資決定。 GEM 之較高風險及其他特色表示GEM 較適合專業及其他經驗豐富投資者。 由於GEM 上市公司新興之性質所然,在GEM 買賣之證券可能會較於聯交所主板買賣之證券承受 較大之市場波動風險,同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責,對其準確性或完整性亦不發表任 何聲明,並明確表示,概不就因本報告全部或任何部份內容而產生或因倚賴 ...
大地国际集团(08130) - 2019 - 年度财报
2019-06-28 08:35
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) (前稱「Zhi Cheng Holdings Limited智城控股有限公司」) 2019 年 報 100% you 2002 2020 2019 2018 2017 0016 香港聯合交易所有限公司(「聯交所」)GEM 之特色 GEM 之定位,乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個上市之市場。有 意投資之人士應瞭解投資於該等公司之潛在風險,並應經過審慎周詳之考慮後方作出投資決定。 由於GEM 上市公司一般為中小型公司,在GEM 買賣之證券可能會較於主板買賣之證券承受較大之市場波動 風險,同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責,對其準確性或完整性亦不發表任何聲明,並 明確表示,概不就因本報告全部或任何部份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。 本報告乃遵照聯交所GEM 證券上市規則(「GEM 上市規則」)之規定而提供有關大地國際集團有限 ...
大地国际集团(08130) - 2019 Q3 - 季度财报
2019-02-13 08:45
ZHI CHENG HOLDINGS LIMITED 智城控股有限公司* (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) * 僅供參考 第三季度業績報告 2018 香港聯合交易所有限公司(「聯交所」)GEM之特色 GEM之定位,乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個上 市之市場。有意投資之人士應瞭解投資於該等公司之潛在風險,並應經過審慎周詳之考慮後方 作出投資決定。 由於GEM上市公司一般為中小型公司,在GEM買賣之證券可能會較於主板買賣之證券承受較 大之市場波動風險,同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責,對其準確性或完整性亦不發表 任何聲明,並明確表示,概不就因本報告全部或任何部份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。 本報告乃遵照聯交所GEM證券上市規則(「GEM上市規則」)之規定而提供有關智城控股有限公 司(「本公司」)之資料;本公司各董事(「董事」)共同及個別就本報告承擔全部責任。各董事在 經作出一切合理查詢後確認,就彼等所深知及確信,本報告所載資料在各重大方 ...