Financial Performance - The Group's revenue for the six months ended 30 September 2021 was approximately HK$18,763,000, representing a decrease of approximately 44.4% compared to the same period in the previous financial year[7]. - The Group's gross profit for the same period was approximately HK$2,104,000, a decrease of approximately HK$80,000 compared to the previous financial year[7]. - Loss attributable to owners of the Company for the six months ended 30 September 2021 amounted to approximately HK$20,303,000, compared to HK$8,314,000 for the same period in 2020[7]. - The loss before tax for the six months ended 30 September 2021 was HK$25,547,000, compared to HK$8,836,000 for the same period in 2020[10]. - Total comprehensive loss for the period was HK$25,574,000, compared to HK$10,340,000 for the same period in 2020[12]. - Basic and diluted loss per share from continuing and discontinued operations was HK(1.39) cents for the six months ended 30 September 2021, compared to HK(0.57) cents for the same period in 2020[13]. - The total comprehensive loss for the period attributable to owners of the Company was HK$20,330,000, compared to HK$8,033,000 in the same period last year, representing an increase of 153.5%[14]. - The loss for the period attributable to owners of the Company was HK$20,303,000, compared to HK$8,314,000 in the previous year, indicating a year-over-year increase of 144.5%[14]. - Loss per share from continuing operations was HK(1.39) cents, compared to HK(0.45) cents in the same period last year, reflecting a decline of 208.9%[16]. Expenses - Selling expenses for the six months ended 30 September 2021 were HK$820,000, an increase from HK$588,000 in the previous year[10]. - Administrative expenses increased to HK$22,266,000 for the six months ended 30 September 2021, compared to HK$12,090,000 for the same period in 2020[10]. - Other gains and losses, net for the period were a loss of HK$4,931,000, compared to a gain of HK$839,000 in the previous year[10]. Assets and Liabilities - Total non-current assets increased to HK$10,496,000 from HK$8,944,000, marking a growth of 17.4%[19]. - Current assets totaled HK$154,643,000, slightly up from HK$154,466,000, indicating a marginal increase of 0.1%[19]. - Total current liabilities rose significantly to HK$107,233,000 from HK$9,415,000, representing a substantial increase of 1,137.5%[19]. - Net assets decreased to HK$57,906,000 from HK$83,480,000, a decline of 30.6%[21]. - The equity attributable to owners of the Company was HK$40,859,000, down from HK$61,189,000, reflecting a decrease of 33.3%[21]. - Cash and cash equivalents decreased to HK$100,605,000 from HK$109,508,000, a decline of 8.2%[19]. - Non-controlling interests decreased to HK$17,047,000 from HK$22,291,000, indicating a reduction of 23.5%[21]. Cash Flow - For the six months ended 30 September 2021, the net cash used in operating activities was HK$119, compared to HK$10,291 for the same period in 2020, indicating a significant improvement[30]. - The net cash outflow from the disposal of subsidiaries was HK$1,002 in 2020, while there was no such outflow reported for 2021[30]. - The company incurred HK$7,389 in purchases of intangible assets during the six months ended 30 September 2021, with no such purchases in the previous year[30]. - The company reported a net decrease in cash and cash equivalents of HK$8,876 for the six months ended 30 September 2021, compared to HK$12,756 in the previous year[36]. Business Segments - The Group's revenue from the Fintech Business was reported as zero, indicating a need for further development or market penetration in this segment[55]. - The segment results showed a profit of HK$1,006,000 from the Gold and Jewellery Business, while the Lending Business incurred a loss of HK$4,714,000, resulting in a total segment loss of HK$3,708,000[56]. - The Lending Business continued to grow during the period under review, with nine major outstanding loan receivables amounting to HK$39,312,000 as of 30 September 2021[155]. - The Group's Fintech Business, which commenced in 2019, is still in the development stage and has not generated revenue, resulting in a loss for this segment[159]. Share Capital and Options - The total number of shares in issue as of September 30, 2021, is 1,457,238,414[166]. - The company has a share option scheme that provides incentives to eligible participants contributing to the group's success[169]. - The maximum number of shares that may be allotted upon exercise of options under the 2011 Scheme is equivalent to 10% of the shares in issue as of the 2016 AGM[174]. - The total number of share options granted to employees of the group was 15,460,000, with an exercise price of HK$0.59 per share[185]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[194]. - The Board has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee[198]. - The Audit Committee was established on March 7, 2000, and is responsible for reviewing the Group's financial reporting system and risk management procedures[200].
朗华国际集团(08026) - 2022 - 中期财报