胜龙国际(01182) - 2024 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2023, increased to HK$132,063,000, up 62.5$81,187,000 in the same period last year[9]. - Gross profit rose to HK$11,709,000, representing a 21.5$9,624,000 in the previous year[9]. - Profit from continuing operations reached HK$3,791,000, a significant increase of 127.3$1,667,000 in the prior year[9]. - Profit for the period from continuing operations was HK$1,587,000, compared to HK$115,000 in the same period last year, marking a substantial increase[9]. - Total comprehensive loss for the period was HK$2,726,000, an improvement from a loss of HK$6,287,000 in the previous year[9]. - The company reported a basic earnings per share of HK$0.45, compared to a loss per share of HK$0.61 in the previous year[9]. - For the six months ended September 30, 2023, the total comprehensive income was a loss of HK$2,726,000, compared to a loss of HK$6,287,000 for the same period in 2022, indicating an improvement of approximately 57%[12]. - The company reported a loss before tax of HK$3,507,000 for the six months ended September 30, 2023, compared to a profit of HK$1,048,000 in the previous year[34]. - The Group reported a net profit attributable to owners of approximately HK$1.6 million for the Reporting Period, compared to a net loss of approximately HK$1.6 million in the Corresponding Period[150]. Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2023, was HK$30,063,000, a significant recovery from a cash outflow of HK$10,717,000 in the previous year[16]. - Cash and cash equivalents at the end of the period increased to HK$117,251,000, up from HK$74,604,000 at the same time last year, representing a growth of approximately 57%[16]. - Bank and cash balances improved to HK$117,251,000, up from HK$91,789,000 at the end of the previous fiscal year[11]. - The bank and cash balances increased to HK$117,251,000 as of September 30, 2023, up from HK$91,789,000 as of March 31, 2023, indicating improved liquidity[37]. - The effect of changes in foreign exchange rates resulted in a decrease of HK$3,065,000 in cash and cash equivalents during the current period[16]. Assets and Liabilities - Current assets increased to HK$226,346,000 as of September 30, 2023, compared to HK$200,172,000 as of March 31, 2023[11]. - Net assets decreased slightly to HK$113,144,000 from HK$115,870,000 as of March 31, 2023[11]. - The total liabilities for continuing operations increased to HK$118,719,000 as of September 30, 2023, compared to HK$90,385,000 as of March 31, 2023, representing a rise of 31.2$1,181,217,000 as of September 30, 2023, slightly reduced from HK$1,185,171,000 a year earlier[12]. Operational Highlights - The company continues to focus on expanding its market presence and enhancing operational efficiency to drive future growth[9]. - The principal activities of the company remain focused on gold processing and trading in the People's Republic of China[19]. - Revenue from gold processing and trading business for the six months ended September 30, 2023, was HK$132,063,000, representing an increase of 62.5% compared to HK$81,187,000 in the same period of 2022[46]. - The segment profit for gold processing and trading business was HK$7,929,000, up from HK$5,008,000 in the previous year, reflecting a year-on-year increase of 58.4$95.9 million during the reporting period, compared to HK$42.7 million in the corresponding period[135]. - Revenue from gold-laden carbon processing was approximately HK$36.1 million during the reporting period, slightly down from HK$38.2 million in the corresponding period[130]. Employee and Compensation - The Group had 67 employees as of September 30, 2023, a slight decrease from 68 employees as of March 31, 2023[185]. - The Group continues to review employee remuneration packages, offering various benefits including a provident fund, discretionary bonuses, and medical allowances[186]. - The Group's key management personnel received total compensation of HK$672,000 during the reporting period, down from HK$890,000 in the previous year[120]. Share Capital and Ownership - As of September 30, 2023, Liu Shiwei holds 230,214,906 shares, representing approximately 65.87$300,000,000, with issued and fully paid shares also unchanged at HK$3,495,000 as of September 30, 2023[99]. Taxation and Compliance - The Group recognized a current PRC Enterprise Income Tax expense of HK$1,920,000 for the six months ended September 30, 2023, up from HK$503,000 in the previous year[65]. - The Group had no assessable profit for Hong Kong Profits Tax for the six months ended September 30, 2023, and 2022, thus no provision was required[67]. - The tax rate for subsidiaries in the PRC remained at 25$7,634,000 for the same period in 2022[95]. - The loss from discontinued operations for the period was HK$1,666,000, resulting in a loss per share of HK$0.00, compared to a loss per share of HK$0.66 in 2022[95][96]. Future Outlook - The Group expects gold prices to remain stably high and rise further in the coming years, focusing on gold processing and trading as its core business[171]. - The establishment of a self-owned gold processing plant remains a long-term goal, as it can generate higher revenues and maximize profits[172]. - The preparation works for the new gold ore processing plant in Henan Province have been suspended due to land acquisition issues, with ongoing assessments for a new plant in Yunnan Province[176].