Financial Performance - The group's revenue for the six months ended September 30, 2021, was approximately HKD 29,200,000, a decrease of about 30% compared to the same period last fiscal year[7]. - The gross profit for the six months ended September 30, 2021, was approximately HKD 22,291,000, down from HKD 39,570,000 in the same period last year[7]. - The loss attributable to the owners of the company for the six months ended September 30, 2021, was approximately HKD 17,614,000, compared to a profit of HKD 7,780,000 in the same period last year[7]. - The basic and diluted loss per share for the six months ended September 30, 2021, was HKD (0.78), compared to earnings of HKD 0.36 in the same period last year[12]. - The total comprehensive loss for the six months ended September 30, 2021, was HKD (1,906,000), compared to a total comprehensive income of HKD 15,134,000 in the same period last year[12]. - The company reported a pre-tax loss of (17,614) thousand HKD for the six months ended September 30, 2021, compared to a profit in the previous year, indicating a significant downturn in performance[32]. - For the three months ended September 30, 2021, the company reported a loss attributable to owners of the company of HKD (9,471) thousand, compared to a profit of HKD 12,145 thousand in the same period of 2020[49]. - The group recorded revenue of approximately HKD 29,200,000 for the six months ended September 30, 2021, a decrease of 30% compared to the same period last fiscal year, primarily due to the horse and financial services segments[75]. - The group reported a loss attributable to owners of approximately HKD 17,614,000 for the six months ended September 30, 2021, compared to a profit of HKD 7,780,000 in the same period last fiscal year, mainly due to the overall revenue decline[76]. Assets and Liabilities - Non-current assets as of September 30, 2021, totaled HKD 158,213,000, compared to HKD 65,529,000 as of March 31, 2021[14]. - Current assets as of September 30, 2021, included cash and cash equivalents of HKD 82,773,000, down from HKD 106,926,000 as of March 31, 2021[14]. - Total liabilities as of September 30, 2021, were HKD 146,586,000, compared to HKD 159,771,000 as of March 31, 2021[14]. - The company's net assets as of September 30, 2021, were HKD 160,071,000, significantly up from HKD 61,979,000 as of March 31, 2021[17]. - The total liabilities of the company as of September 30, 2021, were HKD 171,067 thousand, compared to HKD 162,320 thousand as of March 31, 2021[67]. - The company's trade receivables, net of expected credit loss provisions, amounted to HKD 2,909 thousand as of September 30, 2021, compared to HKD 2,363 thousand as of March 31, 2021[59]. - The company reported a total of HKD 9,648 thousand in prepayments, deposits, and other receivables as of September 30, 2021, compared to HKD 3,182 thousand as of March 31, 2021[62]. Cash Flow and Operating Activities - The net cash used in operating activities for the six months ended September 30, 2021, was (37,116) thousand HKD, compared to 42,746 thousand HKD in the same period of 2020, indicating a significant decline[21]. - Cash and cash equivalents at the end of the period were 82,773 thousand HKD, down from 124,760 thousand HKD at the end of the same period in 2020, a decrease of approximately 33.7%[21]. - The company incurred total employee benefits expenses of 10,532 thousand HKD for the six months ended September 30, 2021, compared to 11,110 thousand HKD in the same period of 2020, showing a reduction of about 5.2%[44]. - The company’s investment activities generated a net cash inflow of 61 thousand HKD for the six months ended September 30, 2021, a recovery from a net outflow of (1,610) thousand HKD in the same period of 2020[21]. Business Operations and Strategy - The company plans to continue focusing on its core business segments while exploring opportunities for market expansion and new product development[22]. - The group completed the purchase of cryptocurrency mining equipment on April 30, 2021, and commenced cryptocurrency mining operations[79]. - The group has restructured its horse segment and leased certain lands and farms in Australia to an independent third party to improve performance and cash flow[80]. - The group plans to seek strategic alliances to accelerate business development and improve financial conditions amid ongoing challenges from the US-China trade dispute and COVID-19 pandemic[86]. Corporate Governance and Shareholder Information - The Audit Committee was established on November 29, 2000, and is responsible for reviewing the financial reporting process and internal control mechanisms of the group[116]. - The Remuneration Committee, formed on March 18, 2005, consists of three independent non-executive directors and is tasked with recommending policies regarding the remuneration of directors and senior management[118]. - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance with GEM Listing Rules[119]. - The company has applied and complied with all provisions of the corporate governance code as per GEM Listing Rules, with minor deviations noted[120]. - The Board of Directors includes five executive directors and three independent non-executive directors as of the report date[124]. - The company has not granted any stock options during the six-month period ending September 30, 2021, and no options were exercised[105]. - The company has no provisions for preemptive rights in its articles of association or under Cayman Islands law[114]. - There are no reported conflicts of interest or competition with the company's business from directors or major shareholders[115]. - The company has not been notified of any other relevant interests or short positions in its shares as of September 30, 2021[113].
帝国金融集团(08029) - 2022 - 中期财报