Financial Performance - For the three months ended September 30, 2021, the revenue was HKD 19,639 thousand, an increase from HKD 16,926 thousand in the same period of 2020, representing a growth of 10.1%[5] - The gross profit for the six months ended September 30, 2021, was HKD 2,653 thousand, down from HKD 2,920 thousand in the same period of 2020, indicating a decrease of 9.1%[5] - The net loss for the three months ended September 30, 2021, was HKD 2,929 thousand, compared to a net loss of HKD 1,128 thousand in the same period of 2020, reflecting an increase in loss of 159.8%[5] - Total comprehensive loss for the six months ended September 30, 2021, was HKD 8,583 thousand, compared to HKD 4,256 thousand in the same period of 2020, which is an increase of 102.7%[7] - The basic and diluted loss per share for the six months ended September 30, 2021, was HKD 1.19, compared to HKD 0.59 for the same period in 2020, indicating an increase of 101.7%[7] - The company reported a net loss of HKD 8,600,000 for the period, compared to a net loss of HKD 4,300,000 in the same period last year, mainly due to increased marketing expenses[61] Revenue Breakdown - For the six months ended September 30, 2021, the total revenue was HKD 36,120,000, representing an increase of 2.9% compared to HKD 35,094,000 for the same period in 2020[26] - The revenue from natural resources and commodity trading was HKD 18,368,000, a decrease of 8.0% from HKD 19,965,000 in the previous year[26] - The revenue from consumer goods sales increased by 18.9% to HKD 16,740,000 from HKD 14,089,000 year-on-year[26] - The subsidiary, Maidis Group, recorded revenue of HKD 16,700,000, up from HKD 14,100,000 in the previous year, indicating a recovery in operations[64] - The lending business maintained stable growth with revenue of HKD 1,000,000, consistent with the previous year, indicating ongoing market demand[66] Cash Flow and Liquidity - The company's cash and cash equivalents decreased to HKD 19,161 thousand as of September 30, 2021, down from HKD 28,561 thousand as of March 31, 2021, a decline of 32.8%[9] - The net cash flow used in operating activities was HKD (5,111,000), compared to a positive cash flow of HKD 1,477,000 in the same period last year[19] - The total cash and cash equivalents at the end of the period decreased to HKD 19,161,000 from HKD 28,561,000 at the beginning of the period[19] - The company's cash and cash equivalents as of September 30, 2021, were HKD 19,200,000, down from HKD 28,600,000 as of March 31, 2021[69] Assets and Liabilities - The total assets less current liabilities as of September 30, 2021, were HKD 60,495 thousand, down from HKD 69,112 thousand as of March 31, 2021, a decline of 12.4%[11] - The company's equity attributable to owners as of September 30, 2021, was HKD 60,513 thousand, compared to HKD 69,096 thousand as of March 31, 2021, a decrease of 12.4%[11] - The company's total liabilities as of September 30, 2021, were not disclosed in the provided content, indicating a need for further financial analysis to assess overall financial health[50] - The company's debt-to-equity ratio was zero as of September 30, 2021, compared to 12.3% as of March 31, 2021, due to the repayment of corporate bonds[71] Operating Expenses - Operating expenses for the period were HKD 9,100,000, a significant increase of 169.0% from HKD 7,000,000 in the previous year[61] - The cost of goods sold for the six months ended September 30, 2021, was HKD 33,467,000, up from HKD 32,174,000 in the same period of 2020, indicating a 4% increase[34] - The cost of goods sold for the same period was HKD 33,500,000, up from HKD 32,200,000, reflecting the increase in revenue[58] Other Income and Financial Activities - The company reported other income of HKD 2,000 thousand for the three months ended September 30, 2021, compared to HKD 593 thousand in the same period of 2020, a significant increase of 236.5%[5] - Other income increased to HKD 2,000,000 from HKD 1,100,000, primarily due to the reversal of impairment losses on loans to invested companies[58] - The company reported a net loss of HKD 1,400,000 from securities investments, compared to a net loss of HKD 600,000 in the previous year, reflecting market volatility[67] Corporate Governance - The company has adopted a code of conduct for securities trading by directors, compliant with GEM Listing Rules[98] - The board of directors will continue to monitor and review corporate governance principles to ensure compliance[100] - The audit committee consists of three independent non-executive directors, including Mr. Tam Chak Chi (Chairman), Mr. Lau Wing Shing, and Mr. Chan Ka Hung[102] - The board of directors includes five members: two executive directors, Ms. Lam Shuk and Mr. Tse Shing Yu, and three independent non-executive directors[103] - The company complied with the corporate governance code throughout the review period, with minor exceptions regarding the notice period for board meetings[99] Future Plans and Developments - The company plans to allocate more resources to its consumer goods and fashion apparel sales segment, which has significant growth potential[62] - The company plans to continue developing its existing business through organic growth or acquisitions, aiming to diversify its operations to enhance shareholder returns[84]
富誉控股(08269) - 2022 - 中期财报