Financial Performance - The Group reported unaudited condensed consolidated results for the six months ended September 30, 2021, with comparative figures for the same period in 2020[15]. - Revenue for the three months ended September 30, 2021, was HK$20,965,000, a decrease of 30.5% compared to HK$30,122,000 in 2020[16]. - Profit before taxation for the six months ended September 30, 2021, was HK$21,342,000, compared to HK$15,896,000 in 2020, reflecting a 34.5% increase[16]. - Basic earnings per share for the three months ended September 30, 2021, was HK$0.94, down from HK$4.85 in 2020, indicating a decline of 80.6%[18]. - The total comprehensive income for the period ended September 30, 2021, was HK$18,021,000, compared to HK$13,444,000 for the same period in 2020[31]. - For the six months ended September 30, 2021, profit for the period was HK$18,021,000, compared to HK$13,444,000 for the same period in 2020, representing an increase of approximately 34.5%[102]. Revenue and Segment Analysis - Total revenue from external customers amounted to HK$51,498,000, with HK$49,908,000 from goods transferred at a point in time and HK$1,586,000 from other resources[67]. - For the six months ended 30 September 2021, total revenue was HK$51,494,000, an increase of 30.3% compared to HK$39,497,000 in the same period of 2020[89]. - Tuition fee revenue from financial quotient and education courses was HK$49,908,000, up 140.3% from HK$20,786,000 in the previous year[89]. - Revenue from the OEM Business, Retail Business, and Wholesaling Business decreased to nil for the six months ended 30 September 2021 due to the outbreak of coronavirus in Hong Kong[198]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$49.9 million for the six months ended 30 September 2021, representing a substantial increase of approximately 140% compared to the same period in 2020[199]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2021, amounted to HK$237,522,000, slightly down from HK$239,026,000 as of March 31, 2021[22]. - Non-current assets increased to HK$169,449,000 as of September 30, 2021, compared to HK$168,570,000 as of March 31, 2021[20]. - Consolidated total assets reached HK$314,481,000, while consolidated total liabilities were HK$110,447,000[70]. - Reportable segment liabilities totaled HK$63,622,000, with promissory note payables at HK$26,030,000[70]. Cash Flow and Investments - The net cash used in operating activities was HK$6,649,000, compared to HK$39,186,000 generated in the same period of 2020[32]. - The net cash used in investing activities for the six months ended September 30, 2021, was HK$1,176,000, a decrease from HK$10,129,000 generated in the same period of 2020[32]. - The net cash used in financing activities for the six months ended September 30, 2021, was HK$54,632,000, compared to HK$9,193,000 in 2020[34]. - The company reported a cash and cash equivalents balance of HK$10,487,000 at the end of the period, down from HK$42,252,000 at the end of the previous year[34]. Strategic Initiatives - Future outlook suggests potential growth opportunities in emerging markets, with a focus on expanding the product line[15]. - The Group is investing in new product development and technology to enhance competitive advantage[15]. - Market expansion strategies are being evaluated to increase the Group's footprint in key regions[15]. - The Group is considering strategic acquisitions to bolster its market position and diversify offerings[15]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the interim report[92]. Corporate Governance and Compliance - The Board remains committed to transparency and accuracy in reporting financial performance and strategic initiatives[15]. - The Group's interim financial statements for the six months ended 30 September 2021 are prepared in accordance with the Hong Kong Financial Reporting Standards, with no significant effects on results or financial position[43]. - The company changed its name from L & A International Holdings Limited to Legendary Group Limited on August 31, 2021[36]. - A winding-up petition was filed by two shareholders holding over 3% of the Company's issued shares, with the High Court ordering the Company to be wound up on 1 November 2021[172]. Employee and Management Compensation - The total employee benefits expenses for the six months ended September 30, 2021 amounted to HK$6,037,000, up from HK$2,843,000 in 2020, indicating a significant increase of approximately 112.5%[102]. - Directors' remuneration for the six months ended September 30, 2021 totaled HK$825,000, an increase from HK$724,000 in 2020, representing an increase of approximately 14%[102]. - For the three months ended September 30, 2021, the total compensation for directors and key management personnel was HK$453,000, compared to HK$391,000 in the same period of 2020, reflecting an increase of approximately 15.9%[162].
传承教育集团(08195) - 2022 - 中期财报