Financial Performance - The turnover for the six months ended March 31, 2021, was HK$53,181,523, compared to HK$49,358,393 for the same period in 2020, representing an increase of approximately 7%[9] - The operating profit for the period was HK$47,944,772, a significant recovery from an operating loss of HK$59,897,813 in the previous year[9] - Profit before tax for the period was HK$47,040,285, compared to a loss before tax of HK$60,940,058 in the same period last year[9] - The total comprehensive income attributable to equity holders of the Company for the period was HK$47,040,285, a turnaround from a loss of HK$60,940,058 in the previous year[10] - Basic earnings per share for the period was 13.87 HK cents, compared to a loss of 22.12 HK cents per share in the same period last year[10] - The company reported a profit of HK$47,040,285 for the period, contributing positively to the total equity[14] - Profit attributable to the equity holders of the Company for the six months ended 31 March 2021 was HK$47,040,285, compared to a loss of HK$60,940,058 for the same period in 2020[44] Assets and Liabilities - Non-current assets as of March 31, 2021, totaled HK$154,701,313, an increase from HK$99,687,915 as of September 30, 2020[12] - Current assets as of March 31, 2021, were HK$381,351,645, slightly down from HK$390,095,882 as of September 30, 2020[12] - The net current assets decreased slightly to HK$355,829,369 from HK$361,886,793, indicating a decline of about 1.5%[13] - The total liabilities increased to HK$510,530,682 from HK$461,574,708, reflecting an increase of approximately 10.6%[13] - As of March 31, 2021, the net asset value of the Group was HK$510,530,682, an increase from HK$448,670,719 as of September 30, 2020, representing a growth of approximately 13.5%[68] Cash Flow - The net cash used in operating activities for the six months ended March 31, 2021, was HK$16,223,210, an improvement compared to HK$20,478,393 for the same period in 2020, showing a reduction of about 20.9%[18] - The net cash from investing activities rose significantly to HK$15,697,160 from HK$6,685,233, marking an increase of approximately 134.5%[18] - The cash and cash equivalents at March 31, 2021, were HK$16,317,324, compared to HK$12,251,842 at the same date in 2020, representing an increase of about 33.5%[18] Investments - The Group's profit before tax for the six months ended 31 March 2021 was HK$47,040,285, compared to a loss of HK$60,940,058 for the same period in 2020[42] - The segment revenue from investments in listed equity securities for the six months ended 31 March 2021 was HK$40,237,509, compared to a loss of HK$60,018,155 in the same period of 2020[35] - The Group's listed investments generated a net unrealised gain of approximately HK$33.5 million during the Period[90] - The net realised gain on listed investments for the Period was approximately HK$6.7 million, consisting of a realised gain of approximately HK$6.9 million net of a realised loss of approximately HK$0.2 million[91] Administrative Expenses - Administrative expenses decreased to HK$5,554,433 from HK$8,879,799, reflecting improved cost management[9] - The Group's total staff costs for the six months ended 31 March 2021 were HK$5,013,746, an increase from HK$4,437,867 in the previous year[37] Share Capital and Equity - The share capital increased to HK$85,809,562 from HK$68,872,062, reflecting an increase of approximately 24.6%[14] - The reserves grew to HK$424,721,120 from HK$379,798,657, indicating an increase of about 11.8%[13] - The number of ordinary shares issued increased to 343,238,249 as of March 31, 2021, from 275,488,249 as of September 30, 2020, reflecting a share consolidation and conversion of convertible bonds[68] Corporate Governance - The Audit Committee, comprising three independent non-executive directors, reviewed the accounting principles and practices adopted by the Company as of March 31, 2021[163] - The Company has complied with the Corporate Governance Code, with deviations noted regarding the separation of roles between the chairman and the chief executive[169] - All non-executive directors are subject to retirement by rotation, although they do not have a specific term of appointment[170] Market Conditions and Future Outlook - The Hang Seng Index rose from 23,459 points on 30 September 2020 to 28,378 points on 31 March 2021, reflecting a recovery in the market[99] - The management believes that the private education industry will only return to pre-COVID-19 levels once the pandemic is under control[126] - The Group plans to adopt cautious measures to manage its investment portfolio amid an optimistic global investment outlook[102]
首都创投(02324) - 2021 - 中期财报