Business Operations - The Group's principal activities include money lending, securities investment, and property leasing, among others[60]. - The Group continues to diversify into financial services, property development, and construction machinery businesses[60]. - The Group's strategy includes asset management and provision of repair and maintenance services[60]. - The Group's financial services include commodities, futures, and securities brokerage[60]. - The Group's overall business strategy focuses on resilience and stability amid the ongoing pandemic[53]. - The Group managed to lease out all upper levels of its investment property, 55 Mark Lane in the UK, which are designated for office use[57]. - The Group recorded an occupancy rate of approximately 80% for rental machinery during the period[55]. Financial Performance - The Group's revenue for the Period was approximately HK$166 million, representing a decrease of approximately 14% compared to HK$194 million in 2020, primarily due to a decline in the money lending business[84]. - The Group incurred a loss of approximately HK$130 million for the Period, significantly reduced from a loss of approximately HK$457 million in 2020, attributed to lower expected credit losses and fair value losses[81]. - The allowance for expected credit losses on financial assets was approximately HK$108 million, down from approximately HK$288 million in 2020[81]. - The Group recorded a fair value loss of approximately HK$116 million in its securities investment portfolio during the Period[71]. - Rental income from 55 Mark Lane contributed approximately HK$34 million, a slight decrease from approximately HK$36 million in 2020, while the fair value gain on investment property was approximately HK$129 million, compared to nil in 2020[73]. - Sales of construction machinery and spare parts were approximately HK$24 million, down from HK$26 million in 2020, while rental income from construction machinery increased to approximately HK$60 million from HK$50 million in 2020[76]. - Revenue from asset management, securities brokerage, commodities, futures, and other financial services was approximately HK$10 million, an increase from approximately HK$7 million in 2020, mainly due to enhanced asset management services[78]. Assets and Liabilities - As of June 30, 2021, Imperial Group had net current liabilities of approximately HK$10,162 million and net liabilities of approximately HK$3,092 million[96]. - As of March 31, 2021, Wealthking Group had net current assets of approximately HK$2,162 million and net assets of approximately HK$4,527 million[97]. - As of June 30, 2021, Qingdao Group had net assets of approximately HK$32,290 million[99]. - As of June 30, 2021, International Alliance Group had net current assets of approximately RMB700 million and net assets of approximately RMB1,242 million[101]. - As of June 30, 2021, CEFC Group had net current assets of approximately HK$167 million and net assets of approximately HK$218 million[112]. - The Group's total borrowings amounted to HK$3,232 million as of September 30, 2021, an increase from HK$2,730 million as of March 31, 2021[151]. - The gearing ratio as of September 30, 2021, was 47%, slightly up from 46% as of March 31, 2021[151]. - Approximately 97% of the Group's borrowings are secured by leasehold land and buildings, corporate note receivables, bank deposits, and machinery[157][158]. Employee and Administrative Expenses - As of September 30, 2021, the Group had approximately 167 employees, a decrease from 175 employees as of March 31, 2021[169]. - Administrative expenses increased by approximately 3% to HK$72 million, with staff costs accounting for approximately HK$33 million[122]. - Finance costs decreased by approximately 11% to HK$64 million compared to HK$72 million in the previous year[127]. - The net income tax expense increased to approximately HK$23 million, primarily due to deferred tax related to UK investment properties[129]. - Share-based payment expenses were approximately HK$4 million during the period, down from approximately HK$39 million in the prior period[124]. Shareholding and Corporate Governance - The percentage of shareholdings is calculated based on the monthly return of equity issuers as of September 30, 2021[94]. - The total number of shares held by substantial shareholders indicates a strong concentration of ownership within a few entities[199]. - The company has a significant number of underlying shares held by various shareholders, indicating potential for future market movements[199]. - The data reflects a diverse shareholder base with substantial interests, which may influence corporate governance and strategic decisions[199]. - As of September 30, 2021, Li Shao Yu holds approximately 51.10% of the company's shares[196]. - Asia Link Capital Investment Holdings Limited is a beneficial owner with 3,357,578,773 shares, representing 45.45% of the total issued share capital[198]. - Haitong Securities Co., Limited holds 1,948,333,338 shares, accounting for 26.38% of the total issued share capital[200]. - Huang Shiying and Huang Tao each hold 800,000,000 shares, which is 10.83% of the total issued share capital[198]. - China Construction Bank Corporation has an interest of 454,930,000 shares, representing 6.16% of the total issued share capital[198]. - Liu Yang and Atlantis Capital Group each have interests totaling 748,466,681 shares, which is 10.13% of the total issued share capital[200]. - Dong Zimeng holds 614,192,681 shares, accounting for 8.31% of the total issued share capital[200]. COVID-19 Impact and Response - The Group implemented precautionary measures against COVID-19, including remote work arrangements and regular sanitization[58]. - The Group maintained operations despite challenges posed by the COVID-19 pandemic[53]. - The COVID-19 pandemic is impacting global economic recovery, but the Group is implementing prudent business strategies to explore high-quality asset investment opportunities[179]. Miscellaneous - The Group had no material contingent liabilities as of September 30, 2021[166]. - The Group's revenues and other incomes are primarily denominated in HK$, US$, GBP, and RMB, exposing it to foreign currency exchange risk[167]. - The Group has not made any material acquisitions or disposals during the reporting period[175]. - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2021, compared to nil for the same period in 2020[171]. - No share options or share awards were granted during the reporting period under the respective schemes[192]. - The Group does not currently have a foreign currency hedging policy but monitors foreign exchange exposure regularly[167]. - The Group recognized an allowance for expected credit losses on financial assets of approximately HK$108 million during the period, a decrease from approximately HK$288 million in the prior period[118].
信铭生命科技(00474) - 2022 - 中期财报