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复兴亚洲(00274) - 2024 - 年度业绩
RA SILK ROADRA SILK ROAD(HK:00274)2024-07-29 04:01

Financial Performance - The company reported a total revenue of HKD 374,146,000 for the fifteen months ending March 31, 2024, compared to HKD 207,435,000 for the previous year, representing an increase of 80.4%[2] - The gross profit for the same period was HKD 30,896,000, down from HKD 70,092,000, indicating a decline of 56.0%[2] - The operating loss increased to HKD 51,824,000 from HKD 9,321,000, reflecting a significant deterioration in operational performance[2] - The company recorded a pre-tax loss of HKD 93,059,000, compared to a loss of HKD 60,542,000 in the previous year, marking a 53.8% increase in losses[3] - The net loss attributable to owners of the company was HKD 53,018,000, compared to HKD 38,831,000, representing a 36.5% increase in losses[4] - The total loss for the reportable segments was HKD (68,667,000), compared to a loss of HKD (49,812,000) in the previous year, representing an increase in losses of about 37.8%[20] - The company reported a loss of approximately HKD 91,400,000, an increase of about 47.7% from a loss of HKD 61,900,000 in the same period last year[67] Revenue Segmentation - The mining products segment generated revenue of HKD 142,499,000, up from HKD 119,474,000, reflecting an increase of about 19.2%[21] - The trading and wholesale segment reported revenue of HKD 231,647,000, compared to HKD 87,961,000, indicating a substantial growth of approximately 163.5%[21] - The mining segment reported revenue of approximately HKD 142,500,000 and a loss of about HKD 61,400,000 for the fifteen months ending March 31, 2024, due to high mining costs and limited mineral reserves[61] - The revenue from the non-ferrous metal trading and frozen meat and agricultural products wholesale and trading segments was approximately HKD 231,600,000, a significant increase of about 163.4% from HKD 88,000,000 in the previous year[66] Assets and Liabilities - The total assets less current liabilities amounted to HKD 50,382,000, a recovery from a negative position of HKD 101,781,000 in the previous year[6] - The current net current liabilities stand at HKD 140,808,000, indicating a significant liquidity challenge[8] - Reportable segment assets totaled HKD 351,332,000 as of March 31, 2024, compared to HKD 240,381,000 as of December 31, 2022, marking an increase of approximately 46.2%[20] - Total liabilities for reportable segments decreased to HKD 262,374,000 from HKD 342,983,000, a reduction of about 23.5%[20] - Trade receivables increased to HKD 17,760,000 as of March 31, 2024, from HKD 14,578,000 as of December 31, 2022[40] - Total trade and other payables amounted to HKD 105,591,000 as of March 31, 2024, compared to HKD 94,065,000 as of December 31, 2022[43] - The total borrowings as of March 31, 2024, were HKD 186,889,000, a decrease from HKD 315,763,000 as of December 31, 2022[44] Financial Strategies and Support - The company raised approximately HKD 22,200,000 by issuing 800,000,000 shares at a subscription price of HKD 0.028 per share on April 19, 2024[9] - The company is actively seeking additional financial support, including the issuance of convertible bonds or loans, to improve its financial situation[9] - The company plans to raise funds through various means, including issuing convertible bonds and new shares, depending on market conditions[82] - The company is actively seeking investment opportunities and potential partnerships to improve and expand its revenue sources[82] Operational Challenges and Future Outlook - The company anticipates challenges in future performance due to high mining costs and limited exploration investment, impacting profitability[61] - The company aims to enhance its risk resilience amid uncertain economic conditions, focusing on strategic management and business expansion[81] - The company has taken measures to improve its operating capital and cash flow situation to alleviate liquidity pressure during the fifteen months ending March 31, 2024[98] - The company remains cautiously optimistic about its mining and trading business outlook for the coming years[81] Compliance and Governance - The company emphasizes compliance with the Hong Kong Listing Rules and relevant financial reporting standards[112] - The board and audit committee confirmed their responsibility for monitoring the group's risk management and internal control systems, which are reviewed at least annually[100] - An independent review of the internal control system was conducted, and the board believes that the risk management and internal control systems were effective during the reporting period[103] Employee and Management Acknowledgment - The company expresses gratitude to employees for their unwavering efforts and to shareholders and business partners for their continued support[113] - The company acknowledges the contributions of its management team in the report[113] - The company employed 522 staff as of March 31, 2024, an increase from 486 employees on December 31, 2022[88]