Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 117,995,000, compared to HKD 25,082,000 for the same period in 2020, representing a significant increase[12]. - Gross profit for the period was HKD 43,262,000, compared to a gross loss of HKD 4,130,000 in the previous year[12]. - The company reported a net loss of HKD 29,900,000 for the six months ended September 30, 2021, compared to a net loss of HKD 20,781,000 in the same period of 2020[12]. - Basic and diluted loss per share was HKD 3.87, compared to HKD 2.76 for the same period in the previous year[12]. - Total comprehensive loss for the period was HKD 24,406,000, compared to HKD 10,240,000 in the same period of 2020[12]. - The company reported a basic loss attributable to owners of HKD 29,641,000 for the six months ended September 30, 2021, compared to a loss of HKD 21,141,000 for the same period in 2020, representing an increase in loss of approximately 40%[61]. Cash Flow and Investments - For the six months ended September 30, 2021, the net cash generated from operating activities was HKD 38,619 thousand, compared to a net cash used of HKD 21,821 thousand in the same period of 2020, representing a significant improvement[27]. - The net cash used in investing activities was HKD 26,475 thousand for the six months ended September 30, 2021, compared to a net cash generated of HKD 1,819 thousand in the same period of 2020, indicating a shift towards increased investment[27]. - The total cash and cash equivalents increased to HKD 216,417 thousand as of September 30, 2021, up from HKD 155,967 thousand at the end of the same period in 2020, showing a positive cash flow trend[27]. - The company reported a cash balance of HKD 189,768 thousand in bank deposits and cash, compared to HKD 101,905 thousand in the previous year, indicating improved liquidity[27]. Assets and Liabilities - As of September 30, 2021, non-current assets increased to HKD 342,806 thousand from HKD 319,846 thousand as of March 31, 2021, representing a growth of approximately 7.5%[14]. - Current assets decreased to HKD 232,119 thousand from HKD 240,342 thousand, a decline of about 3.4%[14]. - Total liabilities increased to HKD 308,044 thousand from HKD 257,873 thousand, marking an increase of approximately 19.4%[16]. - The company's equity attributable to owners decreased to HKD 122,183 thousand from HKD 146,307 thousand, a decrease of around 16.5%[16]. - The company's total assets less current liabilities increased to HKD 433,221 thousand from HKD 407,456 thousand, reflecting a growth of about 6.3%[16]. Segment Performance - The company operates in three main segments: coal mining, renewable energy solutions, and IT services, with a focus on resource allocation and performance evaluation[36]. - The coal mining business generated revenue of HKD 105,030,000, while renewable energy and IT services contributed HKD 1,893,000 and HKD 11,072,000, respectively[40]. - Revenue from coal sales reached HKD 105,030,000 for the six months ended September 30, 2021, compared to HKD 11,531,000 in the same period of 2020, representing a significant increase of 810.5%[51]. - Renewable energy solutions service revenue was HKD 1,893,000 for the six months ended September 30, 2021, up from HKD 384,000 in 2020, marking an increase of 394.3%[51]. - The IT services business generated service revenue of approximately HKD 11,072,000, a decrease of about 15.9% compared to HKD 13,167,000 in the previous year, attributed to intense competition and the ongoing impact of COVID-19[130]. Operational Changes and Strategies - The company aims to enhance its market presence and explore new strategies for growth in the upcoming periods[12]. - The company plans to continue focusing on the development of existing businesses while aiming to diversify its operations in the long term[126]. - The group continues to seek market expansion and development in technology and renewable energy sectors, aiming for diversification into higher growth industries[166]. Employee and Management Costs - Employee costs (excluding directors' remuneration) increased to HKD 19,034,000 in 2021 from HKD 16,612,000 in 2020, reflecting a rise of 14.4%[54]. - The total compensation for key management personnel for the six months ended September 30, 2021, was HKD 3,633,000, a slight decrease from HKD 3,685,000 in the previous year[123]. Shareholder Information - The company has issued a total of 765,373,584 ordinary shares with a par value of HKD 0.10, amounting to HKD 76,537 million as of September 30, 2021[91]. - The direct interest held by Jinbiao Investment Limited is 569,616,589 shares, with an additional potential issuance of 1,000,000,000 shares from convertible bonds, which could further increase their stake[196][197]. Convertible Bonds and Financing - The fair value of the convertible bonds as of September 30, 2021, was approximately HKD 216,573,000, an increase of about HKD 45,290,000 from HKD 171,283,000 as of March 31, 2021[142]. - The company has extended the maturity date of the convertible bonds multiple times, with the latest extension pushing the maturity to March 13, 2023[98]. - The discount rate used for the valuation of the convertible bonds was 13.13% as of September 30, 2021[119]. Regulatory and Compliance - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position during the reporting period[33]. - The financial data presented is unaudited but has been reviewed by the company's audit committee and external auditors in accordance with the relevant standards[31].
南南资源(01229) - 2022 - 中期财报