Financial Performance - For the six months ended March 31, 2020, the turnover was HK$49,358,393, a decrease from HK$47,686,670 in the same period of 2019, reflecting a decline of approximately 3.5%[11] - The operating loss for the period was HK$59,897,813, compared to an operating loss of HK$65,974,495 in the previous year, indicating an improvement of about 9.5%[11] - Loss before tax was HK$60,940,058, slightly better than the loss of HK$66,439,000 recorded in the same period last year, representing a reduction of approximately 8.5%[11] - The total comprehensive loss attributable to equity holders of the Company for the period was HK$60,940,058, compared to HK$66,439,000 in the previous year, marking a decrease of approximately 8.5%[12] - The comprehensive loss for the period ended March 31, 2020, was HK$60,940,058, compared to a loss of HK$66,439,000 for the same period in 2019, showing a reduction in losses of about 8.5%[21] - The net loss attributable to equity holders of the Company was approximately HK$60.9 million, a decrease from HK$66.4 million in 2019, primarily due to strengthened cost control measures[73] Expenses and Costs - Administrative expenses decreased to HK$8,879,799 from HK$16,452,249, showing a significant reduction of about 46%[11] - The total staff costs for the six months ended March 31, 2020, were HK$4,437,867, compared to HK$4,072,236 in 2019, reflecting an increase of 9%[40] - The depreciation on plant and equipment for the six months ended March 31, 2020, was HK$26,100, significantly lower than HK$4,575,753 in the previous year, indicating a substantial reduction in depreciation expenses[40] Assets and Liabilities - Current assets totaled HK$476,766,772 as of March 31, 2020, compared to HK$393,873,523 as of September 30, 2019, indicating an increase of about 21%[14] - The total equity as of March 31, 2020, was HK$488,292,798, a decline from HK$670,990,538 as of March 31, 2019, representing a decrease of approximately 27.2%[21] - The accumulated losses increased to HK$920,675,628 as of March 31, 2020, from HK$737,746,888 as of March 31, 2019, indicating an increase of approximately 24.8%[21] - Cash and cash equivalents decreased to HK$12,251,842 as of March 31, 2020, from HK$13,958,969 as of March 31, 2019, a decline of approximately 12.2%[21] - The carrying amount of prepayments, deposits, and other receivables as of March 31, 2020, was HK$121,295,799, compared to HK$140,464,753 as of September 30, 2019[60] Cash Flow - For the six months ended March 31, 2020, the net cash used in operating activities was HK$20,478,393, a significant improvement compared to HK$79,992,888 for the same period in 2019, indicating a reduction of approximately 74.4%[21] - The net cash from investing activities for the same period was HK$6,685,233, down from HK$37,089,520 in 2019, reflecting a decrease of about 82.0%[21] Financial Instruments and Investments - The Group reported a net realized loss on financial assets of HK$57,769,788, compared to a loss of HK$39,799,733 for the same period in 2019, representing an increase of 45.1%[34] - The Group's total segment revenue for the six months ended March 31, 2020, was HK$9,117,630 from unlisted bonds, while the investment in listed securities resulted in a loss of HK$60,018,155, leading to a total segment result of HK$57,791,313 loss[35] - The fair value of financial assets at fair value through profit or loss as of March 31, 2020, was HK$192,689,582, down from HK$241,797,106 as of September 30, 2019, indicating a decrease of 20.3%[52] - The Group's investments in financial assets at amortized cost increased to HK$189,892,112 as of March 31, 2020, compared to HK$167,674,481 as of September 30, 2019, representing a growth of 13.2%[54] Share Capital and Options - The total share capital remained unchanged at 68,872,062 shares as of March 31, 2020, consistent with the previous year[21] - A total of 220,000,000 share options were granted to certain directors and employees, representing approximately 8.0% of the issued share capital, with an exercise price of HK$0.025 per share[108] - The fair value of the share options granted was HK$2,106,500, and no options were exercised during the six months ended March 31, 2020[108] Governance and Compliance - The Audit Committee, comprising three independent non-executive directors, reviewed the accounting principles and practices adopted by the Company as of 31 March 2020[117] - The Company has complied with the Corporate Governance Code provisions, except for deviations regarding the roles of chairman and chief executive[123] - The Company confirmed that all directors complied with the Model Code for Securities Transactions during the Period[118]
首都创投(02324) - 2020 - 中期财报