Financial Performance - The company recorded unaudited revenue of approximately HKD 30,700,000 for the first half of the fiscal year 2020, a decrease of about 19.0% compared to HKD 37,900,000 for the same period in fiscal year 2019[4]. - The company reported a basic net profit of approximately HKD 3,500,000 for the first half of fiscal year 2020, down from HKD 4,300,000 in the same period of fiscal year 2019[4]. - Basic and diluted earnings per share for the first half of fiscal year 2020 were HKD 0.37, compared to HKD 0.49 for the same period in fiscal year 2019[5]. - The total profit for the first half of fiscal year 2020 was HKD 3,466,000, down from HKD 13,284,000 in the first half of fiscal year 2019[8]. - The company reported a profit before tax of HKD 4,614,000 for the second quarter of fiscal year 2020, compared to HKD 16,736,000 for the same quarter in fiscal year 2019[8]. - The company’s net profit attributable to owners for the first half of fiscal year 2020 was HKD 2,947,000, compared to HKD 12,908,000 for the same period in fiscal year 2019[8]. - The adjusted profit for the first half of fiscal year 2020 was HKD 3,669,000, a decrease of approximately 39.6% compared to HKD 6,075,000 in the same period of 2019[119]. Revenue Breakdown - The decrease in revenue was primarily due to a reduction in income from corporate finance services, offset by a decrease in expenses related to the proposed transfer of the company's listing status to the main board of the Stock Exchange, reduced to approximately HKD 200,000 from HKD 1,800,000 in the previous year[4]. - Revenue from corporate finance services for the second quarter of fiscal year 2020 was HKD 4,389,000, down 66% from HKD 12,916,000 in the same period of fiscal year 2019[40]. - Revenue from corporate finance services decreased by approximately 41.0%, from about HKD 14,000,000 in the first half of fiscal year 2019 to approximately HKD 6,100,000 in the first half of fiscal year 2020[103]. - Revenue from property investment increased by approximately 4.6% to about HKD 19,200,000 in the first half of fiscal year 2020, compared to HKD 18,300,000 in the first half of fiscal year 2019[104]. - The total external revenue and segment revenue for property investment in the first half of fiscal year 2020 was HKD 19,157,000, an increase of 5% from HKD 18,316,000 in the first half of fiscal year 2019[42]. Expenses and Costs - The company’s administrative and operating expenses for the first half of fiscal year 2020 were HKD 19,339,000, a decrease from HKD 23,072,000 in the same period of fiscal year 2019[8]. - The company’s financial costs for the first half of fiscal year 2020 were HKD 2,398,000, down from HKD 2,833,000 in the first half of fiscal year 2019[8]. - The company reported a total employee cost of HKD 6,995,000 for the first half of fiscal year 2020, down from HKD 7,766,000 in the same period of 2019[54]. - Property expenses increased by approximately 53.3% to about HKD 8,300,000, primarily due to repair and maintenance costs following a fire incident at a property in Suginami, Japan[115]. Dividends - The company proposed an interim dividend of HKD 0.02 per share for the first half of fiscal year 2020, consistent with the interim dividend of HKD 0.02 per share in the first half of fiscal year 2019[5]. - The board proposed an interim dividend of HKD 0.02 per share for the first half of the 2020 fiscal year, consistent with the previous year's interim dividend[130]. Assets and Liabilities - Total assets minus current liabilities amounted to HKD 636,578 thousand as of September 30, 2019, compared to HKD 625,492 thousand as of March 31, 2019, reflecting an increase of approximately 1.73%[14]. - The company's current liabilities decreased to HKD 66,045 thousand from HKD 70,007 thousand, showing a reduction of about 5.67%[15]. - The total equity attributable to the owners of the company was HKD 461,078 thousand as of September 30, 2019, up from HKD 450,683 thousand, marking an increase of approximately 2.91%[15]. - The company’s total liabilities were HKD 474,341 thousand, reflecting a slight increase from HKD 463,039 thousand in the previous period[17]. - The total liabilities decreased to HKD 228,282,000 as of September 30, 2019, from HKD 232,460,000 as of March 31, 2019[45]. Cash Flow - Net cash generated from operating activities for the first half of the fiscal year 2020 was HKD 12,118,000, an increase from HKD 10,535,000 in the same period of the previous year[24]. - Cash and cash equivalents at the end of the first half of fiscal year 2020 were HKD 37,805,000, down from HKD 45,246,000 at the end of the previous year[24]. - The company incurred a net cash outflow from investing activities of HKD 270,000 in the first half of fiscal year 2020[24]. - The company paid HKD 2,611,000 in interest during the first half of fiscal year 2020, compared to HKD 2,956,000 in the same period of the previous year[24]. Shareholder Information - As of September 30, 2019, Mr. Ye held a beneficial interest in 572,552,000 shares, representing approximately 71.6% of the company's issued share capital[138]. - KHHL holds an 80% equity interest in the company through its wholly-owned subsidiary, Flying Castle Limited, with Mr. Ye being one of the beneficiaries[145]. - Major shareholder Flying Castle Limited owns 570,052,000 shares, representing 71.3% of the company's issued share capital[148]. - The company maintains a public float as required by GEM listing rules[154]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[166]. - The company has complied with GEM Listing Rules regarding corporate governance and has not provided any loans to any entities or affiliates[161].
浩德控股(08149) - 2020 - 中期财报