首都创投(02324) - 2023 - 中期财报

Financial Performance - The Group reported a turnover of HK$(60,228,181) for the six months ended March 31, 2023, compared to HK$ (40,707,096) for the same period in 2022, indicating a decline in revenue[9]. - The operating loss for the period was HK$(58,389,855), compared to HK$ (48,171,089) in the previous year, representing an increase in losses of about 21%[9]. - Loss before tax was HK$(59,761,225), up from HK$ (49,730,781) in the prior year, marking a year-on-year increase of approximately 20%[9]. - The company reported a comprehensive loss of HK$59,761,225 for the six months ended March 31, 2023, compared to a loss of HK$49,730,781 for the same period in 2022[15]. - The net loss attributable to equity holders of the Company for the Period was approximately HK$59.8 million, an increase from HK$49.7 million in the previous year, reflecting a worsening financial performance[75]. - The loss on listed investments increased to approximately HK$68.3 million for the Period, compared to a net loss of approximately HK$52.0 million recognized during the six months ended 31 March 2022[75]. Expenses and Costs - Administrative expenses increased to HK$(8,426,649) from HK$ (5,722,107) year-on-year, reflecting a rise of approximately 47%[9]. - Total staff costs, including directors' remuneration and share-based payments, amounted to HK$2,393,732, a decrease from HK$6,406,821 in the previous year[38]. - The total short-term benefits, including share-based payments, for key management personnel amounted to HK$2,393,732, an increase from HK$2,253,391 in the previous year[71]. Assets and Equity - The net assets decreased to HK$409,149,258 as of March 31, 2023, down from HK$ 468,910,483 as of September 30, 2022, indicating a decline of about 13%[12]. - The net asset value per share decreased to HK$0.97 from HK$ 1.12, reflecting a reduction of approximately 13%[12]. - The total assets less current liabilities decreased to HK$425,822,872 from HK$ 485,584,097, indicating a decline of about 12%[12]. - As of March 31, 2023, the total equity of Capital VC Limited decreased to HK$409,149,258 from HK$468,910,483 as of October 1, 2022, reflecting a loss of HK$59,761,225 during the period[15]. - The accumulated losses increased to HK$1,048,274,518 as of March 31, 2023, from HK$988,513,293 as of October 1, 2022[15]. Cash Flow and Liquidity - The Group's cash and bank balances increased to HK$ 56,275,112 from HK$16,692,655, showing a significant improvement in liquidity[12]. - The net cash used in operating activities for the six months ended March 31, 2023, was HK$29,149,284, compared to HK$24,858,915 for the same period in 2022[18]. - The net cash from investing activities significantly increased to HK$68,731,741 for the six months ended March 31, 2023, up from HK$11,722,571 in the previous year[18]. - The cash and cash equivalents at March 31, 2023, amounted to HK$56,275,112, a substantial increase from HK$17,739,779 at the same date in 2022[18]. - The current ratio maintained a healthy level of 9.6 as of March 31, 2023, down from 15.0 on September 30, 2022[96]. - The gearing ratio was low at 10.9$4,564,583, compared to a loss of HK$1,162,994 for the same period in 2022, representing an increase of 292$63,790,160, up from HK$50,987,981 in 2022, indicating a 25$6,383,054, while the investment in unlisted equity securities resulted in a loss of HK$68,347,579, leading to a total segment result loss of HK$58,389,855[34]. - The Group's significant investments included 654 million shares of WLS Holdings Limited valued at approximately HK$43.2 million, representing 12.1$62 million, while bonds from Hao Wen Holdings Limited totaled HK$42.5 million[101][102]. Corporate Governance - The Audit Committee, comprising three independent non-executive directors, reviewed the unaudited interim results for the six months ended March 31, 2023[142]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed full compliance by all directors during the period[145]. - The company complied with the Corporate Governance Code provisions, with a noted deviation regarding the separation of roles of chairman and chief executive[146]. - The company has a strong corporate governance structure to ensure effective oversight of management[146]. - The roles of the Chairman and CEO are separated, allowing for efficient decision-making by the executive directors[148].