Financial Performance - Revenue for the six months ended September 30, 2021, was HK$253,999,000, an increase from HK$245,870,000 in the same period of 2020, representing a growth of approximately 3%[11] - Gross profit for the period was HK$8,129,000, compared to HK$7,182,000 in the previous year, indicating an increase of about 13.2%[12] - Loss for the period attributable to owners of the company was HK$4,236,000, compared to a loss of HK$3,343,000 in the same period of 2020, reflecting a decline in performance[12] - Total comprehensive loss for the period attributable to owners of the company was HK$6,801,000, up from HK$3,319,000 in the prior year, indicating a worsening financial position[12] - Basic and diluted loss per share was HK$1.3, compared to HK$1.1 in the previous year, showing an increase in loss per share[12] - The company reported a loss before taxation of HK$2,218,000, an improvement from a loss of HK$3,343,000 in the previous year[12] Expenses and Costs - Administrative expenses decreased to HK$7,497,000 from HK$10,437,000, a reduction of approximately 28.3%[12] - Finance costs for the period were HK$2,170,000, compared to HK$3,275,000 in the same period of 2020, reflecting a decrease of approximately 33.7%[12] - The company experienced a write-down of inventories amounting to HK$13,089,000, a significant increase from HK$3,292,000 in the previous year[22] - Staff costs, including directors' emoluments, increased to HK$5,222,000 in 2021 from HK$4,448,000 in 2020, marking a rise of 17.4%[86] Assets and Liabilities - As of September 30, 2021, total assets amounted to HK$172,191,000, a decrease from HK$189,843,000 as of March 31, 2021, representing a decline of approximately 9.3%[15] - Current liabilities decreased to HK$74,875,000 from HK$87,694,000, reflecting a reduction of about 14.6%[15] - The net current assets stood at HK$97,316,000, down from HK$102,149,000, indicating a decrease of approximately 4.1%[15] - Cash and bank balances decreased to HK$38,103,000 from HK$70,379,000, representing a decline of approximately 46%[15] - The total equity attributable to owners of the company was HK$143,691,000, down from HK$150,492,000, indicating a decrease of about 4.5%[15] Segment Performance - Revenue from external customers for the milk products segment was HK$240,324,000, while the mobile business segment generated HK$12,797,000, totaling HK$253,999,000[40] - Adjusted EBITDA for the milk products segment was HK$16,435,000, while the mobile business segment reported a loss of HK$14,000,000, resulting in a total adjusted EBITDA of HK$3,161,000[40] - The reportable segment profit (adjusted EBITDA) for the Milk Products Business was approximately HK$16.4 million, up from HK$9.0 million in the previous year[146] - For the six months ended 30 September 2021, the revenue of the Mobile Business was approximately HK$12.8 million, representing a decrease of 53.6% compared to HK$27.6 million in the same period last year[151] Corporate Governance and Shareholder Information - The company is an investment holding company, with its parent company being Well Dynasty Investments Limited, indicating a structured corporate governance[28] - Well Dynasty Investments Limited acquired approximately 56.61% of the entire issued share capital of the Company, becoming the controlling shareholder[181] - Ms. Chong Sok Un is deemed to be interested in approximately 61.07% of the entire issued share capital of the Company as of 30 September 2021[181] - The Company has complied with the Corporate Governance Code throughout the six months ended 30 September 2021[185] Market Strategy and Future Outlook - The company continues to explore new strategies for market expansion and product development to enhance future performance[11] - The Milk Products Business is expected to become a new bright spot for the Group's performance, with a focus on expanding market share in Asian markets, especially in the PRC[177] - The Group's focus remains on cross-border milk powder trading in the PRC, Hong Kong, and Australia[146] - The Mobile Business faced significant operational pressure due to intensified competition and the ongoing impacts of COVID-19, resulting in reduced profitability[173]
阿尔法企业(00948) - 2022 - 中期财报