Financial Performance - For the six months ended September 30, 2020, the company reported revenue of HKD 7,596,000, a decrease of 82.0% compared to HKD 42,256,000 for the same period in 2019[4] - The gross profit for the same period was HKD 2,593,000, down 80.4% from HKD 13,187,000 in 2019[4] - The company incurred a loss before tax of HKD 11,461,000, compared to a profit of HKD 850,000 in the previous year[4] - The total comprehensive loss for the period was HKD 10,228,000, compared to a comprehensive income of HKD 980,000 in the same period last year[8] - The company reported a basic and diluted loss per share of HKD (1.15) for the six months ended September 30, 2020, compared to earnings of HKD 0.01 in the same period last year[4] - The company reported a total comprehensive loss attributable to owners of the company of (15,945) thousand HKD as of September 30, 2020[79] - The group recorded a net loss attributable to owners of approximately HKD 11.5 million, compared to a profit of HKD 0.07 million in 2019, primarily due to reduced revenue and gross profit from decreased transaction volume [170] Assets and Liabilities - As of September 30, 2020, total assets amounted to HKD 85,184,000, an increase from HKD 83,098,000 as of March 31, 2020[16] - The company’s total liabilities were HKD 18,742,000, compared to HKD 7,304,000 as of March 31, 2020[21] - The company’s equity attributable to owners was HKD 66,442,000, down from HKD 75,794,000 as of March 31, 2020[21] - The company had trade receivables of HKD 4,211,000 as of September 30, 2020, down from HKD 5,626,000 as of March 31, 2020[119] - The company reported trade payables of HKD 5,648,000 as of September 30, 2020, compared to HKD 8,128,000 as of March 31, 2020[124] - The total assets and total liabilities as of September 30, 2020, were approximately HKD 93.8 million and HKD 27.4 million, respectively, with a debt-to-equity ratio of 26.4% [172] Cash Flow - The company’s cash and cash equivalents were HKD 32,962,000, down from HKD 36,915,000 as of March 31, 2020[10] - The net cash used in operating activities for the six months ended September 30, 2020, was (15,018) thousand HKD, compared to a net cash inflow of 1,277 thousand HKD for the same period in 2019[82] - The cash and cash equivalents at the end of the reporting period were 32,962 thousand HKD, down from 50,159 thousand HKD at the beginning of the period, representing a decrease of approximately 34.2%[82] - Operating cash used was HKD 15,065,000 for the six months ended September 30, 2020, compared to cash generated of HKD 2,388,000 in the same period of 2019[152] Revenue Breakdown - Revenue from external customers in Thailand for the six months ended September 30, 2020, was HKD 3,334,000, a decrease of 83.9% compared to HKD 20,719,000 for the same period in 2019[93] - Merchant acquiring transaction fee income for the six months ended September 30, 2020, was HKD 6,160,000, a decline of 80.7% from HKD 31,927,000 in the same period of 2019[99] - The group's total revenue from merchant acquiring business was approximately HKD 7.6 million, a decrease from HKD 42.3 million in 2019, with merchant acquiring transaction fee income at HKD 6.2 million (down from HKD 31.9 million) and foreign exchange discount income at HKD 1.4 million (down from HKD 9.4 million) [162] Expenses - The total employee costs for the six months ended September 30, 2020, were HKD 5,674,000, an increase of 40.1% from HKD 4,050,000 in the same period of 2019[103] - General administrative expenses increased slightly by about 3.8% to approximately HKD 8.2 million, primarily due to higher salaries and benefits for directors and employees [166] - Total expenses for property, plant, and equipment amounted to approximately HKD 591,000 for the six months ended September 30, 2020, a significant decrease from HKD 3,423,000 in the same period of 2019[115] Investments and Future Plans - The group is actively exploring investment opportunities in online and offline payment-related businesses in the Asia-Pacific region and has raised funds through a convertible bond placement in June 2020 [159] - The group is seeking strategic partnerships with China New Economy Investment Co., Ltd. to invest in financial technology and information technology sectors in China, particularly in the Greater Bay Area [160] - The group plans to continue evaluating the demand for new smart point-of-sale terminals, having purchased approximately 1,100 units for deployment[189] COVID-19 Impact - The group continues to monitor the impact of the COVID-19 pandemic on its financial condition and operational performance, adjusting its business strategies accordingly [160] - The expansion into Cambodia has been delayed due to the COVID-19 pandemic, with operations yet to commence[192] Other Financial Information - The company did not incur any corporate income tax in Thailand for the period due to tax losses, compared to an estimated tax provision of HKD 577,000 in 2019[107] - The company had no significant capital expenditure commitments as of September 30, 2020[153] - The board approved the interim financial statements on November 6, 2020[154]
东方支付集团控股(08613) - 2021 - 中期财报