Financial Performance - For the six months ended June 30, 2021, the total revenue was HK$127,319,000, a decrease of 66.0% compared to HK$374,636,000 for the same period in 2020[12]. - The gross profit for the same period was HK$44,968,000, down 75.1% from HK$180,570,000 in the previous year[12]. - The loss before tax for the period was HK$136,196,000, compared to a profit of HK$26,180,000 in the prior year[15]. - The loss attributable to owners of the company for the period was HK$138,510,000, a significant decline from a profit of HK$6,042,000 in the same period last year[16]. - Basic and diluted loss per share was HK(0.87) cent, compared to earnings of HK0.04 cent per share in the previous year[17]. - Total comprehensive loss for the period attributable to owners of the company was HK$139,231,000, compared to a comprehensive income of HK$28,709,000 in the prior year[20]. - The company reported a total comprehensive loss for the period of HK$138,510,000 for the six months ended June 30, 2021[28]. - The Group incurred a loss for the period of HK$138,510,000, compared to a profit of HK$6,042,000 for the six months ended 30 June 2020, indicating a substantial downturn in financial performance[47]. - The net loss before tax for the Period was approximately HK$136.2 million, compared to a profit before tax of approximately HK$26.2 million for the six months ended 30 June 2020[157]. - The net loss after tax for the Period was approximately HK$138.5 million, compared to a net profit after tax of approximately HK$6.0 million for the same period in 2020[158]. Revenue Breakdown - The financial investments and services segment generated revenue of HK$45,626,000, while the brokerage and commission segment contributed HK$65,537,000, with both segments showing significant declines compared to the previous year[47]. - Commission income from debt capital market services recorded approximately HK$43.6 million during the period[170]. - Commission income from securities and futures dealing was approximately HK$5.7 million, up from HK$3.3 million in the same period last year, while interest income from securities margin decreased to approximately HK$17.0 million from HK$22.2 million[168]. Assets and Liabilities - Total non-current assets decreased to HK$723,460,000 as of June 30, 2021, from HK$763,781,000 at December 31, 2020, representing a decline of approximately 5.8%[23]. - Total current assets decreased to HK$1,322,508,000 as of June 30, 2021, down from HK$1,788,699,000 at December 31, 2020, reflecting a decrease of about 26.1%[23]. - Total current liabilities decreased to HK$809,054,000 as of June 30, 2021, compared to HK$1,187,176,000 at December 31, 2020, a reduction of approximately 31.8%[25]. - Total assets as of 30 June 2021 amounted to HK$2,045,968,000, a decrease from HK$2,552,480,000 as of 30 June 2020[55]. - The Group's total liabilities increased to HK$896,045,000 from HK$1,275,206,000 in the previous year, reflecting a shift in financial structure[55]. - The Group's net asset value as of June 30, 2021, was approximately HK$1,149.9 million, down from HK$1,277.3 million as of December 31, 2020[192]. Cash Flow and Investments - Net cash flows used in operating activities for the six months ended June 30, 2021, were HK$44,945,000, an improvement from HK$61,544,000 in the same period of 2020[34]. - Net cash flows from investing activities amounted to HK$57,096,000 for the six months ended June 30, 2021, compared to HK$101,561,000 in the same period of 2020[34]. - The Group's cash and bank balances as of June 30, 2021, were approximately HK$83.2 million, compared to HK$140.4 million as of December 31, 2020[193]. - The Group recorded an unrealized loss on equity and fund investments of approximately HK$50.6 million and a realized gain of approximately HK$24.3 million during the period[181]. - The interest income from debt investments amounted to approximately HK$6.8 million, with an unrealized fair value gain of approximately HK$7.2 million[182]. Shareholder Information - The company did not declare any dividends for the period[16]. - The company has resolved not to pay any interim dividend for the period, consistent with the previous year[67]. - The company reported a share premium account of HK$4,671,704,000 as of June 30, 2021[32]. - The company reported a total of 15,969,650,461 issued and fully paid ordinary shares as of June 30, 2021, unchanged from December 31, 2020[113]. Financial Management - Administrative expenses for the period were HK$80,982,000, a decrease from HK$100,322,000 in the previous year[13]. - The company is focusing on improving its financial performance and exploring new market opportunities[12]. - The company has adopted new accounting standards effective from January 1, 2021, with no significant financial effect on the interim financial statements[42]. - The Group will continue to pursue a prudent investment strategy amid macroeconomic challenges, including potential US interest rate hikes and geopolitical tensions[190].
中达集团控股(00139) - 2021 - 中期财报