Financial Performance - The company reported a loss attributable to shareholders of approximately HKD 99,457,000 for the six months ended September 30, 2020, an increase of about 200.8% compared to a loss of HKD 33,060,000 in the same period last year[3]. - Total revenue decreased by approximately 22.5% to HKD 56,234,000, down from HKD 72,558,000 in the previous year[3]. - Basic loss per share increased from HKD 0.08 to HKD 0.25 after adjusting for the share split[3]. - The company reported a pre-tax loss of HKD 93,445,000, compared to a pre-tax loss of HKD 26,015,000 in the previous year, indicating a substantial increase in losses[44]. - Loss attributable to shareholders for the period was HKD 99,457,000, compared to HKD 33,060,000 in the same period last year, reflecting a significant increase in losses[44]. - Basic loss per share was HKD 0.25, compared to HKD 0.08 in the previous year, indicating a worsening financial performance[44]. Revenue Breakdown - The warehouse operations segment's revenue fell by approximately 34.9% to HKD 7,421,000, with profit dropping about 95.5% to HKD 143,000[7]. - The investment property segment's total rental income decreased by 5.2% to HKD 45,847,000, with profit declining to HKD 29,246,000[9]. - The financial investment segment's revenue dropped approximately 76.8% to HKD 2,966,000, while profit increased by about 444.9% to HKD 51,274,000 due to fair value gains[10]. - Warehouse operating income decreased to HKD 7,421,000 from HKD 11,394,000, representing a decline of 34.6%[44]. - Property investment income was HKD 45,847,000, down 5.3% from HKD 48,364,000 year-on-year[44]. - Interest income significantly dropped to HKD 1,535,000 from HKD 10,455,000, a decrease of 85.3%[44]. Asset and Equity Changes - Cash and bank balances decreased by 25.4% to HKD 595,140,000 from HKD 798,077,000 as of March 31, 2020[15]. - The net asset value of the company decreased by approximately 2.5% to HKD 4,407,848,000, with net asset value per share dropping to HKD 10.88[16]. - The company's non-current assets totaled HKD 3,414,637, a decrease from HKD 3,585,459 as of March 31, 2020, representing a decline of approximately 4.8%[46]. - The company's current assets increased to HKD 1,134,462 from HKD 1,072,789, reflecting a growth of about 5.7%[46]. - The total equity attributable to shareholders decreased to HKD 4,407,848 from HKD 4,519,455, a decline of about 2.5%[48]. Dividends and Shareholder Information - The board declared an interim dividend of HKD 0.09 per share, compared to HKD 0.0267 per share in the previous year[5]. - The company paid dividends totaling HKD 12,150 during the period, down from HKD 135,000 in the previous year, reflecting a decrease of approximately 91%[50]. - The total equity held by Mr. Lui Wing-yee amounted to 41,501,580 shares, representing approximately 10.25% of the company's issued shares[22]. - Major shareholder Jian Nan Financial Limited held 147,610,335 shares, representing approximately 36.45% of the company's issued shares[26]. Fair Value and Impairment - The company recorded a fair value loss on investment properties of HKD 170,000,000, compared to a loss of HKD 66,900,000 in the previous year[13]. - The company experienced a significant impairment loss on investment properties amounting to HKD 170,000,000[44]. - The fair value of the company's investment properties decreased to HKD 3,159,600,000 as of September 30, 2020, down from HKD 3,351,900,000 as of March 31, 2020, reflecting a loss of HKD 170,000,000 during the period[84]. Compliance and Governance - The company has complied with all provisions of the corporate governance code, except for certain specified provisions[33]. - The board is actively seeking suitable candidates to comply with listing rules regarding independent non-executive directors[36]. Other Financial Metrics - The group recorded a foreign exchange gain of HKD 120,000, compared to no gain for the same period last year[19]. - The company’s total tax expense for the six months ended September 30, 2020, was HKD 6,012,000, down from HKD 7,045,000 for the same period in 2019[77]. - The company’s total liabilities decreased slightly to HKD 89,804 from HKD 89,819, indicating a marginal reduction[46].
安全货仓(00237) - 2021 - 中期财报