Financial Performance - For the six months ended September 30, 2021, the group recorded revenue of approximately HKD 8,380,000, a decrease of about 14.7% compared to HKD 9,819,000 for the same period in 2020[7]. - The group reported an unaudited consolidated loss attributable to owners of approximately HKD 11,968,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,074,000 for the same period in 2020[7]. - The gross profit for the six months ended September 30, 2021, was HKD 8,020, compared to HKD 9,333 for the same period in 2020[9]. - The group incurred a loss before tax of HKD 10,308,000 for the six months ended September 30, 2021, compared to a loss of HKD 3,528,000 for the same period in 2020[9]. - The group reported a basic and diluted loss per share of HKD 1.8 for the six months ended September 30, 2021, compared to HKD 0.61 for the same period in 2020[9]. - The group reported a loss of HKD 10,384,000 for the period, which is a significant increase compared to the loss of HKD 3,603,000 in the previous year[34]. - The company reported a net loss attributable to shareholders of approximately HKD 11,968,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,074,000 in the same period of 2020[73]. Revenue Breakdown - Revenue from advertising and investor relations services was HKD 7,301,000, down 12.7% from HKD 8,366,000 in the previous year[29]. - The financial information, advertising, and investor relations services segment generated revenue of HKD 7,491,000, while the securities business contributed HKD 106,000, and the loan business brought in HKD 15,000[34]. - The company’s income from financial services was HKD 190,000 for the six months, a slight increase from HKD 171,000 in the previous year[29]. - The company reported a decrease in rental income from investment properties to HKD 768,000 from HKD 696,000 year-over-year[29]. - The company’s interest income for the six months was HKD 15,000, compared to no income in the same period last year[29]. Assets and Liabilities - The total assets as of September 30, 2021, amounted to HKD 112,343,000, a decrease from HKD 119,303,000 as of March 31, 2021[14]. - The net asset value as of September 30, 2021, was HKD 32,667,000, down from HKD 43,363,000 as of March 31, 2021[16]. - Total liabilities were HKD 79,676,000, resulting in a net asset position of HKD 32,667,000[40]. - The total outstanding bank borrowings amounted to approximately HKD 12,024,000 as of September 30, 2021, down from HKD 23,540,000 as of March 31, 2021[76]. - The company's debt-to-equity ratio was approximately 119.6% as of September 30, 2021, compared to 92.2% as of March 31, 2021[78]. Cash Flow - Operating cash flow for the six months ended September 30, 2021, was a net outflow of HKD 6,439,000, compared to a net inflow of HKD 2,753,000 in 2020[21]. - The company reported a net decrease in cash and cash equivalents of HKD 9,261,000 for the period, compared to an increase of HKD 3,438,000 in the prior year[21]. - The total cash and cash equivalents at the end of the period were HKD 8,483,000, down from HKD 10,964,000 at the end of the previous year[21]. - Cash and cash equivalents amounted to HKD 8,483,000 as of September 30, 2021, compared to HKD 18,059,000 as of March 31, 2021[55]. Employee and Administrative Expenses - The company’s employee benefits expenses, including directors' remuneration, amounted to HKD 12,281,000 for the six months ended September 30, 2021, compared to HKD 10,592,000 in the previous year, indicating an increase of approximately 16%[43]. - Total employee costs for the six months ended September 30, 2021, amounted to approximately HKD 12,281,000, up from HKD 10,592,000 in 2020, representing a year-on-year increase of about 15.9%[87]. - The company’s total administrative expenses decreased to HKD 1,816,000 from HKD 2,661,000 in the previous year[29]. - General and administrative expenses increased by approximately 13.2% to HKD 19,673,000 from HKD 17,379,000 in the previous year[72]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[101]. - The company has complied with the corporate governance code as per GEM listing rules, with the exception of the separation of roles between the Chairman and CEO[106]. - The Chairman, Ms. Lau, has been managing the group's business since 2011, providing consistent leadership[106]. - The board believes that the dual role of Chairman and CEO is beneficial for the group's management and business development[106]. Shareholder Information - As of September 30, 2021, the company had 666,538,774 issued ordinary shares[91]. - Pablos and Maxx Capital each held 343,997,678 shares, representing approximately 51.61% of the total issued shares[93]. - Executive Director Ms. Lau held 43,458,058 shares directly and had control over 391,597,678 shares, amounting to 65.27% of the issued shares[89]. - The average number of issued shares for the periods ended September 30, 2021, remained at 666,538,774 shares[47]. Dividends and Recommendations - The board of directors does not recommend the payment of any dividend for the six months ended September 30, 2021[7]. - The company did not recommend the payment of dividends for the six months ended September 30, 2021[47].
财华社集团(08317) - 2022 - 中期财报