Financial Performance - The company recorded unaudited revenue of approximately HKD 25,800,000 for the six months ended September 30, 2021, a decrease of about 7.1% compared to HKD 27,800,000 for the same period in 2020[5]. - The reported and underlying profit for the first half of the fiscal year 2022 was approximately HKD 3,700,000, an improvement from a reported net loss of approximately HKD 500,000 in the first half of fiscal year 2021[5]. - Basic and diluted earnings per share for the first half of fiscal year 2022 were HKD 0.41, compared to HKD 0.54 for the same period in fiscal year 2021[5]. - The net profit for the second quarter of fiscal year 2022 was HKD 1,754,000, compared to a net loss of HKD 2,399,000 in the second quarter of fiscal year 2021[9]. - Total income for the first half of fiscal year 2022 was HKD 25,820,000, while total income for the first half of fiscal year 2021 was HKD 27,782,000[9]. - The company reported a total comprehensive income of HKD 531,000 for the first half of fiscal year 2022, compared to HKD 7,183,000 for the same period in fiscal year 2021[13]. - The company reported a total comprehensive income of HKD 465,635 thousand for the period ending September 30, 2021, compared to HKD 464,163 thousand for the previous period, indicating a marginal increase[19]. - The company reported a basic profit of approximately HKD 3,700,000 for the first half of fiscal year 2022, down from approximately HKD 4,800,000 in the same period of fiscal year 2021[117]. - The adjusted profit for the first half of the fiscal year 2022 was HKD 3,742,000, a decrease of approximately 22.7% compared to HKD 4,838,000 in the first half of the fiscal year 2021, primarily due to reduced income from corporate financing and consulting services[130][131]. Dividends - The company did not recommend the payment of any interim dividend for the first half of fiscal year 2022[6]. - The company did not recommend any interim dividend for the first half of fiscal year 2022, compared to an interim dividend of HKD 0.001 per share in the first half of the previous year[59]. - The board did not recommend any interim dividend for the first half of the fiscal year 2022[141]. Expenses and Costs - Administrative and operating expenses for the first half of fiscal year 2022 were HKD 11,441,000, down from HKD 12,922,000 in the first half of fiscal year 2021[9]. - The total employee costs, excluding directors' remuneration, were HKD 4,778,000 for the first half of fiscal year 2022, down 20.5% from HKD 6,010,000 in the same period last year[56]. - Property expenses decreased by approximately 7.0% to about HKD 6,400,000 in the first half of fiscal year 2022, mainly due to reduced maintenance costs and the absence of agency fees for Hong Kong rental properties[126]. - The financial costs for the first half of fiscal year 2022 amounted to HKD 2,212,000, a decrease of 8% from HKD 2,405,000 in the first half of the previous year[53]. - The company's employee costs decreased due to a reduction in overall headcount, which partially offset the decline in revenue[119]. Assets and Liabilities - As of September 30, 2021, total non-current assets amounted to HKD 667,927 thousand, a slight decrease from HKD 671,988 thousand as of March 31, 2021, reflecting a 0.5% decline[15]. - Current assets totaled HKD 38,790 thousand as of September 30, 2021, down from HKD 41,490 thousand as of March 31, 2021, indicating a decrease of approximately 6.5%[15]. - Total liabilities decreased from HKD 81,296 thousand as of March 31, 2021, to HKD 78,722 thousand as of September 30, 2021, representing a reduction of about 3.2%[15]. - The company's equity attributable to owners increased slightly from HKD 449,634 thousand as of March 31, 2021, to HKD 450,571 thousand as of September 30, 2021, showing a growth of 0.2%[17]. - Non-current liabilities decreased from HKD 168,019 thousand to HKD 162,360 thousand, reflecting a decline of approximately 3.9%[17]. - Total assets as of September 30, 2021, were HKD 706,717,000, a slight decrease from HKD 713,478,000 as of March 31, 2021[47]. - Total liabilities as of September 30, 2021, were HKD 241,082,000, down from HKD 249,315,000 as of March 31, 2021[47]. - The group's current assets as of September 30, 2021, were HKD 38,790,000, while current liabilities were HKD 78,722,000, resulting in a current ratio of 0.5[133]. - The capital debt ratio decreased from approximately 43.5% as of March 31, 2021, to approximately 41.4% as of September 30, 2021, mainly due to net repayments of existing loans amounting to about HKD 8,200,000[136]. Cash Flow - For the first half of the fiscal year 2022, the net cash generated from operating activities was HKD 10,960,000, compared to HKD 9,954,000 in the same period of fiscal year 2021, representing an increase of approximately 10.1%[26]. - The net cash used in investing activities for the first half of fiscal year 2022 was HKD (486,000), a significant improvement from HKD (1,854,000) in the first half of fiscal year 2021[26]. - The net cash used in financing activities increased to HKD (10,513,000) in the first half of fiscal year 2022, compared to HKD (7,904,000) in the same period of fiscal year 2021, indicating a rise of approximately 33%[26]. - As of the end of the first half of fiscal year 2022, cash and cash equivalents decreased to HKD 35,984,000 from HKD 40,979,000 at the end of the first half of fiscal year 2021, reflecting a decline of about 12.1%[26]. - The total cash and cash equivalents at the beginning of the period were HKD 36,640,000, which was impacted by a foreign exchange loss of HKD (617,000)[26]. - The group recorded a foreign exchange loss of approximately HKD 2,700,000 for the first half of the fiscal year 2022, compared to a foreign exchange gain of approximately HKD 9,100,000 in the same period of the previous year[144]. Revenue Sources - Revenue from corporate financing and consulting services for the second quarter of the fiscal year 2022 was HKD 3,812,000, a decrease of 16% compared to HKD 4,540,000 in the same period of the previous year[34]. - Total rental income from investment properties for the second quarter of the fiscal year 2022 was HKD 9,262,000, down 5.9% from HKD 9,845,000 in the same quarter of the previous year[35]. - Net rental income for the first half of the fiscal year 2022 was HKD 12,332,000, compared to HKD 12,857,000 in the first half of the previous year, reflecting a decrease of 4.1%[35]. - The company's self-investment income fell by approximately 5.1% to about HKD 18,700,000 in the first half of fiscal year 2022, attributed to a decrease in the occupancy rate of the Japanese property portfolio and recent depreciation of the yen[116]. - The rental income from the Japanese property portfolio decreased, primarily due to a decline in occupancy rates and recent yen depreciation[123]. - Other income fell from approximately HKD 1,400,000 in the first half of fiscal year 2021 to about HKD 60,000 in the first half of fiscal year 2022, mainly due to the absence of government subsidies under the employment support scheme[124]. Shareholder Information - As of September 30, 2021, Mr. Ye holds a total of 558,450,000 shares, representing approximately 69.5% of the company's issued share capital[158]. - Mr. Ye is a trust beneficiary with 557,200,000 shares, accounting for 69.4% of the company's issued share capital[158]. - KHHL, through its wholly-owned subsidiary Flying Castle Limited, is deemed to hold 557,200,000 shares in the company, representing 69.4% of the issued share capital[158]. - Ms. Chen, as the founder of the trust, holds 557,200,000 shares and an additional 1,250,000 shares, totaling 69.4% and 0.2% respectively[158]. - Yuanta Asia Investment Limited holds 44,250,000 shares, which is approximately 5.5% of the company's issued share capital[158]. - The total number of shares held by Mr. Zeng is 22,400,000, which represents 2.8% of the company's issued share capital[158]. - Ms. Liang holds 9,400,000 shares, accounting for 1.2% of the company's issued share capital[158]. - The company has no disclosed interests or positions held by directors or senior management in any of its subsidiaries or associated companies as of September 30, 2021[156]. - The company has no other disclosed interests or positions held by major shareholders or other individuals in the company's shares or related securities as of September 30, 2021[158]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the first half of the 2022 financial year[170]. - The audit committee, composed of three independent non-executive directors, reviewed the group's unaudited consolidated results for the first half of the 2022 financial year[175]. - The company has not provided any loans to any entities or associated companies[170]. - The company has not received any notifications of non-compliance from directors during the reporting period[171]. - The company maintained the public float required by GEM listing rules throughout the first half of the 2022 financial year[164]. - No share options were granted during the first half of the 2022 financial year, and there were no unexercised share options as of September 30, 2021[167]. Financing Activities - The group obtained secured bank loans of HKD 30,000,000 in the first half of the 2022 fiscal year, compared to HKD 19,864,000 in the same period of the previous year, marking an increase of about 51.4%[79]. - The group repaid approximately HKD 38,152,000 of secured bank loans in the first half of the 2022 fiscal year, up from HKD 24,182,000 in the same period of the previous year, representing an increase of about 57.8%[79]. - The group entered into a financing agreement with Dah Sing Bank for a revolving loan of HKD 60,000,000 for investment and working capital purposes[174].
浩德控股(08149) - 2022 - 中期财报