阿尔法企业(00948) - 2024 - 中期财报

Corporate Information This section provides an overview of the company's board and committee changes, along with essential company details Board of Directors and Committee Composition The company's board and committees underwent significant changes during the reporting period, including Mr. Zhao Lei's appointment as Executive Director and CEO and Mr. Chen Xu's resignation - Mr. Zhao Lei was re-designated from Independent Non-executive Director to Executive Director and appointed Chief Executive Officer on September 25, 2023[4][6] - Mr. Chen Xu resigned as Executive Director and a member of several committees on August 28, 2023[4][6] - Mr. Zhao Lei ceased to be a member of the Audit Committee and Chairman of the Remuneration Committee and Credit Committee on September 25, 2023, but remains a member of the latter two[4][6] - Mr. Li Chak Hung was appointed Chairman of the Credit Committee on September 25, 2023[5][6] Company Details The Company Secretary is Mr. Chan Chun Hong, with authorized representatives including Mr. Zhao Lei and Mr. Chan Chun Hong, and Crowe (HK) CPA Limited as auditor - Company Secretary is Mr. Chan Chun Hong[6] - Authorized representatives include Mr. Zhao Lei (appointed September 25, 2023) and Mr. Chan Chun Hong; Mr. Chen Xu resigned on August 28, 2023[9][10] - Auditor is Crowe (HK) CPA Limited[9][10] - Principal bankers include Bank of China (Hong Kong) Limited, Citibank (Hong Kong) Limited, and Dah Sing Bank Limited[10][11] - Company stock code is 948, and the website is www.hk-alpha.com[10](index=10&type=chunk)[11] Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income This statement presents the Group's financial performance, including revenue, gross profit, and net loss for the period Financial Performance Overview For the six months ended September 30, 2023, the company's revenue significantly decreased by 59.7% to HK$95,441 thousand, and gross profit fell from HK$39,544 thousand to HK$1,898 thousand, transitioning from operating profit to a net loss of HK$33,685 thousand Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (for the six months ended September 30) | Indicator | 2023 (HK$ thousand) | 2022 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 95,441 | 236,935 | | Cost of sales | (93,543) | (197,391) | | Gross profit | 1,898 | 39,544 | | Impairment losses on financial assets | (18,509) | (5,253) | | Other income | 2,015 | 15,932 | | Other gains and losses, net | (6,852) | (7,702) | | Selling and distribution expenses | (2,740) | (13,409) | | Administrative expenses | (5,376) | (7,782) | | (Loss)/Profit from operations | (29,564) | 21,330 | | Finance costs | (2,715) | (1,525) | | (Loss)/Profit before taxation | (32,279) | 19,805 | | Income tax expense | (1,406) | (3,078) | | (Loss)/Profit for the period from continuing operations | (33,685) | 16,727 | | Profit for the period from discontinued operations | – | 3,770 | | (Loss)/Profit for the period | (33,685) | 20,497 | | Total comprehensive (loss)/income for the period, net of income tax | (36,793) | 17,154 | | Basic and diluted (loss)/earnings per share (HK cents) | (9.6) | 6.0 | - Basic and diluted loss per share from continuing operations for the period was 9.6 HK cents, compared to earnings of 4.9 HK cents in the prior period[16] Condensed Consolidated Statement of Financial Position This statement outlines the Group's financial position, detailing assets, liabilities, and equity at the reporting date Financial Position Overview As of September 30, 2023, the company's total assets less current liabilities decreased to HK$122,683 thousand from HK$158,820 thousand as of March 31, 2023, with net assets and total equity attributable to shareholders both at HK$122,027 thousand Condensed Consolidated Statement of Financial Position (as of September 30) | Indicator | Sep 30, 2023 (HK$ thousand) | Mar 31, 2023 (HK$ thousand) | | :--- | :--- | :--- | | Non-current assets | 51,898 | 57,516 | | Current assets | 177,508 | 212,928 | | Current liabilities | 106,723 | 111,624 | | Net current assets | 70,785 | 101,304 | | Total assets less current liabilities | 122,683 | 158,820 | | Non-current liabilities | 656 | – | | Net assets | 122,027 | 158,820 | | Share capital | 435,252 | 435,252 | | Reserves | (313,225) | (276,432) | | Total equity attributable to shareholders of the Company and total equity | 122,027 | 158,820 | - Investment property within non-current assets decreased from HK$42,094 thousand to HK$40,289 thousand, while property, plant and equipment increased from HK$360 thousand to HK$1,333 thousand[18] - Cash and bank balances within current assets significantly decreased from HK$13,686 thousand to HK$928 thousand[18] Condensed Consolidated Statement of Changes in Equity This statement details the changes in the Group's equity attributable to shareholders, including profit/loss and other comprehensive income Equity Changes Overview For the six months ended September 30, 2023, total equity attributable to shareholders decreased from HK$158,820 thousand as of April 1, 2023, to HK$122,027 thousand, primarily due to a loss for the period of HK$33,685 thousand and comprehensive loss from exchange differences in foreign currency translation reserve Condensed Consolidated Statement of Changes in Equity (for the six months ended September 30) | Indicator | Share Capital (HK$ thousand) | Share Premium (HK$ thousand) | Foreign Currency Translation Reserve (HK$ thousand) | Accumulated Losses (HK$ thousand) | Total Equity (HK$ thousand) | | :--- | :--- | :--- | :--- | :--- | :--- | | At April 1, 2023 (audited) | 435,252 | 592,019 | (8,891) | (859,560) | 158,820 | | Loss for the period | – | – | – | (33,685) | (33,685) | | Exchange differences arising from translation of foreign operations | – | – | (3,108) | – | (3,108) | | Total comprehensive loss for the period | – | – | (3,108) | (33,685) | (36,793) | | At September 30, 2023 (unaudited) | 435,252 | 592,019 | (11,999) | (893,245) | 122,027 | - Accumulated losses increased from HK$859,560 thousand as of April 1, 2023, to HK$893,245 thousand as of September 30, 2023[22] Condensed Consolidated Statement of Cash Flows This statement summarizes the Group's cash flows from operating, investing, and financing activities, and the net change in cash and cash equivalents Cash Flow Overview For the six months ended September 30, 2023, the company reported net cash used in operating activities of HK$1,478 thousand, net cash