Revenue and Profitability - For the six months ended September 30, 2021, Bingo Group Holdings Limited generated revenue of HK$3.4 million from its Cinema Business, a significant increase from HK$1.3 million in the corresponding period of 2020, representing a growth of approximately 161.5%[22] - The gross profit from the Cinema Business during the same period was HK$1.9 million, compared to HK$0.7 million in the corresponding period, indicating an increase of about 171.4%[22] - The Group recorded a total turnover of approximately HK$3.4 million, representing an increase of approximately HK$2.1 million compared to approximately HK$1.3 million in the corresponding period[31] - Revenue from cinema business for the three months ended September 30, 2021, was HK$1,540,000, an increase of 21.8% compared to HK$1,264,000 for the same period in 2020[76] - Total revenue for the six months ended September 30, 2021, reached HK$3,370,000, compared to HK$1,264,000 for the same period in 2020, representing a significant increase of 167.5%[76] Loss and Expenses - The loss for the period was approximately HK$8.2 million, a decrease of approximately HK$7.6 million from the loss of HK$15.8 million in the corresponding period[31] - The loss for the period was HK$4,475,000, a decrease from HK$8,899,000 in the previous year, reflecting an improvement of approximately 49.7%[55] - The Group's loss attributable to owners was HK$3,950,000 for the three months ended September 30, 2021, compared to HK$7,731,000 in the same period last year, marking a reduction of approximately 48.9%[55] - The total comprehensive loss for the period ended September 30, 2021, was HK$8,245,000, compared to HK$15,996,000 for the same period in 2020, showing an improvement of approximately 48.6%[68] - The company reported a total comprehensive loss of HK$7,518,000 for the six months ended September 30, 2021, compared to HK$14,304,000 for the same period in 2020, indicating a reduction of approximately 47.5%[68] Administrative and Operating Expenses - Administrative expenses decreased from approximately HK$13.7 million in the corresponding period to approximately HK$8.4 million during the period[31] - The Group's administrative expenses decreased significantly to HK$4,052,000 from HK$7,911,000 year-on-year, showing a reduction of about 48.7%[55] - The total employee costs for the period were approximately HK$4,900,000, down from HK$5,400,000 in the previous year, indicating a decrease of about 9.3%[42] - Key management personnel remuneration totaled HK$1,245,000 for the six months ended 30 September 2021, compared to HK$943,000 for the same period in 2020[184] Assets and Liabilities - As of 30 September 2021, the Group had total assets of approximately HK$36.5 million, down from HK$43.9 million as of 31 March 2021[32] - Cash and cash equivalents amounted to approximately HK$8.6 million as of 30 September 2021, compared to HK$15.3 million as of 31 March 2021[32] - The debt ratio was approximately 0.94 as of 30 September 2021, up from approximately 0.80 as of 31 March 2021[32] - Net current assets decreased to HK$1,296,000 as of September 30, 2021, from HK$7,649,000 as of March 31, 2021, reflecting a decline of 83.0%[64] - Total assets less current liabilities amounted to HK$17,557,000 as of September 30, 2021, down from HK$28,804,000 as of March 31, 2021, a decrease of 39.1%[64] Business Operations and Strategy - The ongoing development of the Cinema Business has positioned it as the primary revenue generator for the Group during the reporting period[21] - The Group continues to focus on Filmed Entertainment, New Media Exploitations, Licensing Businesses, and Cinema Business as its core operations[20] - The Group's strategic focus on cinema investment and management is expected to drive future growth and profitability[20] - The Group continues to explore business opportunities in the PRC cinema industry and online gaming, aiming to leverage growth potential in these sectors[47] Investments and Financial Instruments - The Group has granted a loan of RMB16.0 million (approximately HK$19.2 million) to the joint venture company for VR and MR projects, indicating a strategic investment in emerging technologies[48] - The company is actively managing its financial instruments, including the restructuring of convertible bonds to optimize capital structure[95] - The company has convertible bonds with a principal amount of HK$25 million, with Tranche 2 due on 1 June 2022[94] Share Capital and Equity - On 18 October 2021, the company issued 171,060,000 shares at a placing price of HK$0.034 per share, raising net proceeds of approximately HK$5.5 million[192] - As of 30 September 2021, Mr. Chiau Sing Chi holds 27,573,529 shares, representing 3.22% of the issued share capital[199] - The company’s total equity decreased to HK$2,142,000 as of September 30, 2021, from HK$8,821,000 as of March 31, 2021, reflecting a decline of 75.8%[64] Impairments and Losses - The company reported a loss of approximately HK$3,456,000 due to the termination of a cinema operation, including impairment losses on various assets[146] - The impairment of right-of-use assets was HK$369 million, reflecting potential challenges in asset utilization[91] Currency and Exchange - The Group recorded an exchange loss of HK$35,000 for the three months ended September 30, 2021, compared to an exchange gain of HK$957,000 in 2020[127] - The company reported an exchange difference arising on translation of HK$90,000 for the period ended September 30, 2021[68] Staff and Employment - As of September 30, 2021, the Group employed 58 staff, down from 65 as of 31 March 2021, with total staff costs of approximately HK$4.9 million during the period[38] - The Group employed 58 staff members as of September 30, 2021, down from 65 employees as of March 31, 2021, reflecting a reduction of approximately 10.8%[42]
比高集团(08220) - 2022 - 中期财报