鼎亿集团投资(00508) - 2022 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2021, was HK$77,918,000, a decrease of 42$134,147,000 in the same period of 2020[13] - Gross profit for the same period was HK$77,331,000, down 35.4$119,638,000 in 2020[13] - Loss before tax amounted to HK$51,280,000, compared to a profit of HK$86,502,000 in the prior year[13] - The net loss for the period was HK$62,675,000, a significant decline from a profit of HK$71,961,000 in the previous year[13] - Basic and diluted loss per share was HK$0.85, compared to earnings of HK$0.98 per share in 2020[13] - Total comprehensive expense for the period was HK$39,338,000, contrasting with total comprehensive income of HK$186,246,000 in the same period last year[15] - The total comprehensive income for the period ended September 30, 2021, was HK$23,337,000, compared to HK$186,246,000 for the same period in 2020, showing a decline of 87.5%[28] - Profit for the period for the six months ended September 30, 2021, was HK$62,675,000, a decrease from HK$71,961,000 in the previous year, representing a decline of 12.9%[28] Assets and Liabilities - As of September 30, 2021, total assets amounted to HK$3,900,921,000, an increase from HK$3,873,047,000 as of March 31, 2021[17] - Current liabilities increased significantly to HK$1,694,870,000 from HK$1,282,129,000, primarily due to a rise in contract liabilities[20] - The company reported net current assets of HK$2,206,051,000, a decrease from HK$2,590,918,000[20] - Total equity decreased to HK$1,434,514,000 from HK$1,473,869,000, reflecting a decline in reserves[20] - Cash and cash equivalents dropped significantly to HK$125,046,000 from HK$306,515,000, indicating liquidity challenges[17] - Total liabilities increased to HK$2,550,702 as of 30 September 2021, compared to HK$2,482,233 as of 31 March 2021, marking an increase of approximately 2.8%[63] Cash Flow - For the six months ended September 30, 2021, net cash generated from operating activities was HK$302,603,000, compared to HK$165,684,000 for the same period in 2020, representing an increase of 82.7%[29] - The net cash used in financing activities for the six months ended September 30, 2021, was HK$500,902,000, compared to net cash generated of HK$62,051,000 in 2020, indicating a significant shift in cash flow[29] - Cash and cash equivalents at the end of the period were HK$125,046,000, down from HK$254,501,000 at the end of the same period in 2020, reflecting a decrease of 50.9%[29] Segment Performance - For the six months ended September 30, 2021, the total revenue was HK$77,918,000, with external revenue from securities trading business at HK$40,000, loan financing business at HK$75,285, and properties development business at HK$2,593[55] - The segment profit for the securities trading business was a loss of HK$7,448, while the loan financing business generated a profit of HK$48,886, and the properties development business incurred a loss of HK$7,932, resulting in a total segment profit of HK$33,506[55] - The Group recorded a revenue of approximately HK$3 million from property development during the period, down from approximately HK$50 million in 2020, with a segment loss of approximately HK$8 million[164] - Loan financing revenue was approximately HK$75 million, a decrease from approximately HK$84 million in 2020, with segment profit of approximately HK$49 million[157] Investments and Development - The company has a significant amount of development properties valued at HK$1,089,533,000, reflecting ongoing investment in future projects[17] - The Group has been exploring investment opportunities in resources and energy projects, properties development, financial technology, pharmaceutical, and ocean industry[175] - The Group anticipates further revenue and positive results from property development in the coming years upon completion of properties under development[164] Debt and Financing - Finance costs for the period were HK$70,501,000, slightly down from HK$70,633,000 in 2020[13] - The effective interest expense on convertible bonds decreased to HK$63,673,000 in 2021 from HK$70,132,000 in 2020, a reduction of 9$279,500,000 at a 7% coupon rate, convertible into 328,823,529 shares at HK$0.85 per share[133] - The Group further issued convertible bonds totaling HK$630,000,000, also convertible at the same rate of HK$0.85 per share into 741,176,471 shares[133] Shareholder Information - The company did not pay or propose any dividends during the six months ended September 30, 2021, or 2020[102] - The Board resolved not to declare an interim dividend for the six months ended 30 September 2021, compared to nil in 2020[196] - As at 30 September 2021, the total number of issued shares was 7,356,783,015, with an issued share capital of approximately HK$73,567,830[165] Regulatory Compliance - The Company is required to maintain a register of interests and short positions as mandated by the Securities and Futures Ordinance[200] - The interests and short positions of the Directors and chief executive in the Company's ordinary shares and underlying shares are recorded as per the Securities and Futures Ordinance[199]