Financial Performance - For the six months ended September 30, 2020, the group recorded revenue of approximately HKD 50.8 million, a decrease of about 59.9% compared to HKD 126.8 million for the same period in 2019[8] - The group's attributable loss decreased to approximately HKD 100,000 for the six months ended September 30, 2020, compared to a loss of HKD 315.5 million for the same period in 2019[8] - Revenue from alcoholic beverage sales for the six months ended September 30, 2020, was HKD 23.8 million, down from HKD 40.4 million in the same period of 2019[10] - The group reported an operating loss of HKD 20.0 million for the six months ended September 30, 2020, compared to an operating loss of HKD 64.6 million for the same period in 2019[10] - The group’s pre-tax profit (loss) for the six months ended September 30, 2020, was HKD 40.6 million, compared to a loss of HKD 311.6 million for the same period in 2019[10] - The group’s net profit (loss) for the six months ended September 30, 2020, was HKD 32.5 million, compared to a loss of HKD 315.5 million for the same period in 2019[10] - The basic earnings per share for the six months ended September 30, 2020, was HKD 0.12, an improvement from a loss of HKD 5.72 in the same period of 2019[12] - Total comprehensive income for the three months ended September 30, 2020, was HKD 46,549,000, compared to a loss of HKD 301,410,000 in the same period of 2019[12] - The company reported a net profit of HKD 33,709,000 for the six months ended September 30, 2020, compared to a net loss of HKD 296,784,000 for the same period in 2019[60] Revenue Breakdown - Alcohol beverage sales revenue for the six months ended September 30, 2020, was HKD 23,816,000, down 41.1% from HKD 40,352,000 in the same period of 2019[35] - Loan referral service revenue for the six months ended September 30, 2020, was HKD 4,472,000, a decrease of 16.2% compared to HKD 5,340,000 for the same period in 2019[35] - Auction revenue for the six months ended September 30, 2020, was HKD 3,524,000, an increase of 35.6% from HKD 2,598,000 in the same period of 2019[35] - The loan financing business reported revenue of approximately HKD 23.5 million, down from HKD 48.9 million in the previous year[129] Costs and Expenses - The group’s total operating costs for the six months ended September 30, 2020, were HKD 50.8 million, a decrease from HKD 126.8 million in the same period of 2019[10] - Total employee costs for the six months ended September 30, 2020, were HKD 26,085,000, down from HKD 37,981,000 in 2019, reflecting a decrease of 31.2%[57] - Administrative and other operating expenses decreased by approximately 59.4% to about HKD 13.6 million, down from HKD 33.5 million in 2019[130] - Financing costs were approximately HKD 21.5 million, compared to HKD 28.7 million in the previous year[130] Assets and Liabilities - Non-current assets as of September 30, 2020, totaled HKD 229,183,000, a decrease from HKD 240,567,000 as of March 31, 2020[14] - Current assets decreased to HKD 466,326,000 as of September 30, 2020, from HKD 622,947,000 as of March 31, 2020[14] - Current liabilities increased to HKD 342,958,000 as of September 30, 2020, compared to HKD 538,197,000 as of March 31, 2020[16] - The total liabilities of the group as of September 30, 2020, were HKD 473,472,000, compared to HKD 665,599,000 as of March 31, 2020[47] - The total equity attributable to owners of the company was HKD 222,037,000 as of September 30, 2020, up from HKD 197,915,000 as of March 31, 2020[16] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2020, was HKD 118,397,000, an increase of 44.6% compared to HKD 81,866,000 for the same period in 2019[26] - The net cash used in financing activities for the six months ended September 30, 2020, was HKD (130,819,000), compared to HKD (99,361,000) for the same period in 2019[26] - The cash and cash equivalents decreased by HKD 9,081,000 for the six months ended September 30, 2020, compared to a decrease of HKD 5,468,000 in the same period of 2019[26] - The total cash and cash equivalents as of September 30, 2020, were HKD 39,986,000, down from HKD 46,046,000 as of September 30, 2019[26] Corporate Governance - The board confirmed that the information in the report is accurate and complete, with no misleading or fraudulent elements[2] - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[178] - The audit committee has reviewed the unaudited consolidated results for the six months ending September 30, 2020, and found them to comply with applicable accounting standards and GEM listing rules[182] - The company has complied with the corporate governance code as per GEM listing rules for the six months ending September 30, 2020[181] Shareholder Information - The total issued and fully paid shares as of September 30, 2020, amounted to 5,192,726,898 shares[91] - Royal Spectrum holds 1,968,000,000 shares, representing approximately 37.90% of the company's issued shares[154] - Devoss Global Holdings Limited has a total equity of 1,974,000,000 shares, accounting for 38.01% of the issued shares[154] - CVP holds 504,872,727 shares, which is about 9.72% of the total issued shares[154] - 丁先生 controls 2,629,280,363 shares, representing 50.63% of the company's issued shares[156] Future Outlook - The group anticipates ongoing uncertainty due to the COVID-19 pandemic, which is expected to impact performance until 2021 when recovery signs are expected[146] - The group has not entered into any agreements for significant acquisitions or investments as of the report date[143]
麦迪森控股(08057) - 2021 - 中期财报