Financial Performance - Revenue for the six months ended September 30, 2019, was HK$44,276,000, an increase of 1.5% from HK$43,620,000 in the same period of 2018[11] - Gross profit for the same period was HK$14,293,000, representing a gross margin of 32.3%, compared to HK$12,445,000 in 2018[11] - Loss from operations decreased to HK$5,103,000, down from HK$12,970,000 in the previous year, indicating improved operational efficiency[11] - Loss before tax was HK$6,905,000, a reduction of 48.9% compared to HK$13,539,000 in the prior period[11] - Total comprehensive loss for the period was HK$6,905,000, compared to HK$13,508,000 in the same period last year[11] - Basic and diluted loss per share was HK$0.29, an improvement from HK$0.64 in the previous year[11] - For the six months ended September 30, 2019, the total comprehensive loss amounted to HK$6,905,000, compared to a loss of HK$13,508,000 for the same period in 2018, representing a decrease of approximately 48%[15] - The group reported a loss before tax of HK$6.905 million, a reduction from a loss of HK$13.539 million in the previous year[72] - The segment loss for the outsourced business process management was HK$1.735 million, an improvement from a loss of HK$6.516 million in the same period last year[72] Assets and Liabilities - Non-current assets decreased to HK$10,708,000 from HK$8,063,000 as of March 31, 2019[13] - Current assets totaled HK$58,665,000, down from HK$64,444,000 as of March 31, 2019[13] - Net current assets decreased to HK$23,384,000 from HK$32,934,000[13] - Total equity as of September 30, 2019, was HK$34,092,000, down from HK$40,997,000 as of March 31, 2019[13] - The total liabilities increased to HK$35.281 million as of September 30, 2019, compared to HK$31.510 million as of March 31, 2019[77] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2019, was HK$14,503,000, an improvement from HK$22,101,000 in the previous year, indicating a reduction of about 34%[19] - The cash and cash equivalents at the end of the period were HK$11,277,000, down from HK$38,166,000 at the end of the previous period, reflecting a decrease of approximately 70%[19] - The company reported a net cash generated from financing activities of HK$7,963,000 for the six months ended September 30, 2019, compared to HK$61,369,000 in the same period of the previous year, a decrease of approximately 87%[19] Segment Performance - Revenue from the outsourced business process management segment was HK$42.012 million, while the information technology services segment reported no revenue[72] - The money lending services segment generated revenue of HK$2.264 million, compared to no revenue in the same period last year[72] - Revenue from electronic gaming equipment management services in Macau was HK$42,012,000, a decrease of 3.7% from HK$43,620,000 in the previous year[85] - Revenue generated from the money lending business was approximately HK$2.3 million, with a segment profit of approximately HK$2.0 million during the reporting period[200] Investments and Fair Value - The Group's investment in Primus, a company in the USA, amounts to HK$155,460,000, representing 20.82% equity interest, classified as equity investments at fair value through other comprehensive income[117] - A loss of HK$54,157,000 from changes in fair value of equity investments was recognized in other comprehensive income for the year ended March 31, 2019[118] - The Group's Level 3 fair value measurements as of March 31, 2019, were valued by an independent valuer with relevant qualifications and recent experience in valuation[59] Management and Strategy - The Group's overall financial strategy includes a focus on managing credit risk through the grouping of receivables based on shared credit risk characteristics[135] - The Group's overall strategy remains unchanged from prior periods, focusing on optimizing the debt and equity balance to maximize returns to shareholders[159] - The Directors consider the cost of capital and associated risks as part of their regular review of the capital structure[159] Share Capital and Dividends - The company’s share capital remained unchanged at HK$23,663,000 from April 1, 2019, to September 30, 2019[15] - No dividend was recommended for the six months ended September 30, 2019, and 2018[100] Other Financial Information - The Group incurred no provision for Hong Kong profits tax as there were no assessable profits for the periods ended September 30, 2019, and 2018[94] - The Group's financial statements for the six months ended September 30, 2019, are unaudited, reflecting interim performance[138]
胜龙国际(01182) - 2020 - 中期财报