Financial Performance - Revenue for the six months ended September 30, 2021, was HK$35,581,000, a decrease of 15.4% from HK$41,858,000 in the same period of 2020[10]. - Gross profit for the period was HK$31,560,000, down from HK$32,556,000, reflecting a slight decline of 3.1%[10]. - Profit before tax was HK$5,599,000, a significant recovery from a loss of HK$76,419,000 in the previous year[10]. - Profit for the period attributable to owners of the company was HK$3,036,000, compared to a loss of HK$59,072,000 in the same period last year[10]. - Basic earnings per share for the period was HK0.05 cents, a turnaround from a loss of HK1.02 cents per share in 2020[10]. - The total comprehensive loss for the period was HK$4,482,000, compared to a comprehensive income of HK$13,443,000 in the previous year[11]. - The profit for the period was HK$3,036,000, compared to a loss of HK$2,163,000 in the previous period, indicating a significant turnaround[17]. - The Group reported a segment profit before tax of HK$5,599,000 in 2021, a significant improvement compared to a loss of HK$76,419,000 in 2020[36]. - The Group recorded a profit attributable to owners of the Company of HK$3,036,000 for the Period, a turnaround from a loss of HK$59,072,000 last period[121]. Asset and Liability Management - Total non-current assets increased to HK$944,837,000 as of September 30, 2021, up from HK$884,758,000 as of March 31, 2021[12]. - Current liabilities decreased to HK$104,350,000 from HK$142,635,000, indicating improved short-term financial health[12]. - Cash and cash equivalents rose to HK$550,781,000, compared to HK$454,297,000 at the end of March 2021, reflecting better liquidity[12]. - The net assets attributable to owners of the Company were HK$1,922,283,000 as of September 30, 2021, down from HK$1,965,892,000 as of March 31, 2021[14]. - The total equity as of September 30, 2021, was HK$1,948,511,000, compared to HK$1,569,021,000 in the previous year[20]. - As of September 30, 2021, the Group had net current assets of HK$998,750,000, down from HK$1,102,889,000 as of March 31, 2021[130]. - The Group's gearing ratio was 4.6% as of September 30, 2021, down from 7.1% as of March 31, 2021[130]. Revenue Streams - Revenue from mortgage loans and unsecured personal loans decreased to HK$31,624,000 in 2021 from HK$37,008,000 in 2020, representing a decline of approximately 14%[39]. - Gross rental income from investment properties was HK$7,795,000 in 2021, down from HK$8,423,000 in 2020, a decrease of about 7.4%[39]. - The Group's revenue from property investments decreased by 7.5% to HK$7,795,000 for the Period, down from HK$8,423,000 in 2020[124]. - Interest income from the money lending business fell from HK$37,008,000 in the previous period to HK$31,624,000 for the current period[118]. - The cruise ship charter services segment reported a loss of HK$27,462,000 in 2021, improving from a loss of HK$80,040,000 in 2020[36]. Investment Performance - Fair value gains on investment properties were HK$16,454,000, compared to a loss of HK$20,872,000 in the previous year, showing a positive shift[10]. - The Group's investment properties were revalued at an aggregate balance of HK$555,778,000 as of 30 September 2021, resulting in fair value gains of HK$16,454,000 during the six months ended 30 September 2021, compared to fair value losses of HK$20,872,000 in the same period of 2020[49]. - The fair value of equity investments at fair value through profit or loss was HK$89,348,000 as of September 30, 2021[110]. - The fair value of equity investments designated at fair value through other comprehensive income was HK$1,263,000 as of September 30, 2021[110]. Operational Efficiency - The cost of services provided decreased to HK$4,021,000 from HK$9,302,000, reflecting a reduction of 56.7%[10]. - Employee benefit expenses decreased to HK$8,785,000 from HK$10,020,000, reflecting a reduction of approximately 12.3%[45]. - Administrative and operating expenses increased by 10.4% to HK$40,572,000 from HK$36,747,000 last period, mainly due to increased special subsidies to the charterer of cruise ships[119]. - The depreciation expense decreased to HK$7,789,000 from HK$12,994,000, a reduction of approximately 40.0%[45]. Credit and Receivables Management - Trade receivables decreased to HK$31,813,000 from HK$43,413,000, indicating a reduction in outstanding customer payments[12]. - Loan receivables increased significantly to HK$146,426,000 from HK$87,770,000, suggesting a rise in lending activities[12]. - The Group's provision for impairment on loan and interest receivables was HK$1,951,000 as of September 30, 2021, down from HK$2,601,000 as of March 31, 2021, indicating a reduction of approximately 25.0%[67]. - The Group applies a minimal expected credit loss rate for trade receivables, indicating a strong credit control mechanism[62]. Shareholder Information - The total number of issued shares of the Company was 5,780,368,705 as of September 30, 2021[139]. - New Century Investment Pacific Limited held 3,556,133,691 shares, representing 61.52% of the Company's issued share capital[140]. - The total number of share options granted is 132,800,000, with an exercise price of HK$0.1532 per share[150]. - The Company operates a share option scheme to incentivize eligible participants contributing to the Group's success[146]. Governance and Compliance - The company has complied with all code provisions of the Corporate Governance Code throughout the six months ended September 30, 2021[150]. - The interim results for the six months ended September 30, 2021, have been reviewed by the auditor in accordance with Hong Kong standards[155]. - All directors confirmed compliance with the Model Code regarding securities transactions during the six months ended September 30, 2021[154].
新世纪集团(00234) - 2022 - 中期财报