Financial Performance - The company reported a revenue of HKD 98,098,000 for the six months ended September 30, 2019, a decrease of 9.4% compared to HKD 108,013,000 for the same period in 2018[7]. - The net loss attributable to the company's owners for the period was HKD 29,611,000, compared to a loss of HKD 39,154,000 in the previous year, representing a 24.5% improvement[9]. - The company reported a basic and diluted loss per share of HKD 0.56, compared to HKD 0.79 in the same period last year, reflecting an improvement in loss per share[9]. - For the six months ended September 30, 2019, total revenue from external customers was HKD 31,772 million, a decrease from HKD 41,357 million in the same period of 2018, representing a decline of approximately 23.2%[42]. - The company reported a pre-tax loss of HKD 45,957 million for the six months ended September 30, 2018, indicating a significant financial challenge compared to the current period[42]. - The company reported unallocated expenses of HKD 29,609 million, which impacted overall profitability for the reporting period[42]. Assets and Liabilities - The total assets as of September 30, 2019, were HKD 809,258,000, down from HKD 1,091,144,000 as of March 31, 2019, indicating a decrease of 25.8%[10]. - As of September 30, 2019, the total equity of the company was HKD 536,267,000, a decrease from HKD 548,510,000 as of March 31, 2019, representing a decline of approximately 2.26%[12]. - The company's current liabilities, including accounts payable, decreased from HKD 106,438,000 as of March 31, 2019, to HKD 72,721,000 as of September 30, 2019, a reduction of approximately 31.67%[12]. - The total assets less current liabilities amounted to HKD 543,638,000 as of September 30, 2019, compared to HKD 550,510,000 as of March 31, 2019, showing a decrease of about 1.24%[12]. - The company's net liabilities classified as held for sale amounted to HKD 265,620,000 as of September 30, 2019, compared to HKD 221,588,000 as of March 31, 2019, reflecting an increase of about 19.87%[12]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2019, was HKD (4,365,000), compared to HKD (46,308,000) for the same period in 2018, indicating an improvement[18]. - The company reported a net cash outflow from investing activities of HKD (21,416,000) for the six months ended September 30, 2019, compared to HKD (7,006,000) in the previous year, reflecting increased investment expenditures[18]. - The net cash used in financing activities was HKD (32,756,000) for the six months ended September 30, 2019, compared to a net cash inflow of HKD 11,631,000 in the same period of 2018, indicating a shift in financing strategy[18]. Expenses - The company’s administrative expenses were HKD 61,856,000, up from HKD 50,745,000 in the previous year, indicating a rise of 21.5%[7]. - The company incurred financing costs of HKD 9,803,000, which increased from HKD 7,707,000 in the previous period[7]. - Depreciation expenses increased to HKD 4,501,000, up from HKD 702,000 in the previous year, with the addition of right-of-use assets contributing HKD 3,312,000[51]. - Employee costs decreased to HKD 26,999,000 from HKD 28,312,000, while share-based payment expenses were HKD 10,332,000, a new expense category[51]. Investments and Financing - The company made capital expenditures of HKD 17,048 million, indicating ongoing investment in non-current assets[46]. - The company’s total loans receivable, net of expected credit loss provisions, was HKD 196,424,000 as of September 30, 2019, compared to HKD 169,462,000 as of March 31, 2019[57]. - The mortgage financing segment's total loan portfolio was approximately HKD 136,339,000 as of September 30, 2019, showing a slight increase compared to March 31, 2019, with revenue from this segment amounting to HKD 11,382,000[85]. Corporate Governance - The company maintains a high level of corporate governance, adhering to the corporate governance code as per listing rules[111]. - The company is committed to enhancing corporate governance practices continuously[111]. - The company’s audit committee, composed of five independent non-executive directors, reviewed the unaudited interim financial statements for the review period[139]. Shareholder Information - Major shareholders include Mr. Zhang with 1,303,448,437 shares, representing 24.22% of total shares[108]. - The company did not recommend an interim dividend for the period, consistent with the previous year[53]. - The company issued a total of 989,226,416 warrants, with an initial subscription price of HK$0.01 per share, approved by shareholders on September 24, 2018[137].
STYLAND HOLD(00211) - 2020 - 中期财报