Financial Performance - For the six months ended September 30, 2020, the group recorded revenue of approximately HKD 9,819,000, a decrease of about 35.7% compared to HKD 15,270,000 for the same period in 2019[5] - The group reported an unaudited consolidated loss attributable to owners of approximately HKD 4,074,000 for the six months ended September 30, 2020, compared to a loss of HKD 10,900,000 for the same period in 2019[5] - For the three months ended September 30, 2020, the group recorded revenue of HKD 4,240,000, down from HKD 10,956,000 for the same period in 2019[7] - The gross profit for the six months ended September 30, 2020, was HKD 9,333,000, compared to HKD 13,968,000 for the same period in 2019[7] - The group’s total comprehensive loss for the six months ended September 30, 2020, was HKD 4,454,000, compared to HKD 11,717,000 for the same period in 2019[9] - The group’s basic and diluted loss per share for the six months ended September 30, 2020, was HKD 0.61, compared to HKD 1.64 for the same period in 2019[7] - The group reported a loss before tax of HKD 3,528,000 for the six months ended September 30, 2020, compared to a loss of HKD 11,633,000 for the same period in 2019[30] - The company recorded a loss of HKD 10,900,000 during the period, compared to a loss of HKD 11,666,000 in the prior period, indicating a slight improvement in performance[15] Revenue Breakdown - The revenue from financial information services increased to HKD 171,000 for the six months ended September 30, 2020, compared to HKD 100,000 in the same period last year, representing a growth of 71%[25] - Advertising and investor relations service revenue decreased to HKD 8,366,000 for the six months ended September 30, 2020, down from HKD 14,292,000, a decline of approximately 41.5%[25] - The financial information, advertising, and investor relations services segment generated revenue of HKD 8,537,000, down 40.0% from HKD 14,392,000 in the previous year[30] - The company’s investment property rental income for the six months ended September 30, 2020, was HKD 696,000, down from HKD 877,000 in the previous year, a decrease of approximately 20.6%[25] - The group’s revenue from advertising and investor relations services experienced a significant decline due to the impact of COVID-19, which led to the postponement of events and reduced related income[64] Cash Flow and Assets - For the six months ended September 30, 2020, the company reported a net cash inflow from operating activities of HKD 2,753,000, a significant improvement from a net outflow of HKD 8,812,000 in the same period last year[17] - The group’s cash and cash equivalents increased to HKD 10,964,000 as of September 30, 2020, compared to HKD 8,296,000 as of March 31, 2020[11] - The total assets as of September 30, 2020, amounted to HKD 112,946,000, slightly up from HKD 112,143,000 as of March 31, 2020[11] - The net asset value as of September 30, 2020, was HKD 51,838,000, down from HKD 56,111,000 as of March 31, 2020[13] - The group’s total liabilities increased from HKD 56,032,000 as of March 31, 2020, to HKD 61,108,000 as of September 30, 2020[36] Shareholder Information - The group’s total issued and paid-up ordinary shares remained at 15,000,000,000 with a par value of HKD 0.01 per share as of both September 30, 2020, and March 31, 2020[54] - Major shareholder Pablos holds 343,997,678 shares, accounting for 51.61% of the total equity[93] - Ms. Lau holds 43,458,058 shares and has a controlled interest of 391,597,678 shares, representing 65.37% of the issued shares[88] - The company did not engage in any purchase, sale, or redemption of its listed shares during the six months ending September 30, 2020[105] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[100] - There were no reported conflicts of interest involving directors, management shareholders, or major shareholders during the reporting period[99] - The company has complied with the corporate governance code as per GEM listing rules, with some deviations noted[106] - The roles of the Chairman and CEO are currently held by the same individual, which the board believes benefits management and business development[107] - The board will continue to review the situation and consider separating the roles of Chairman and CEO when appropriate[107]
财华社集团(08317) - 2021 - 中期财报