Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 15,524,000, an increase of about 34.9% compared to the same period last year[12]. - The gross profit for the same period was approximately HKD 3,148,000, down from HKD 6,135,000 in the previous fiscal year[12]. - The loss attributable to owners of the company for the six months ended September 30, 2024, was approximately HKD 21,532,000, compared to a loss of HKD 3,613,000 in the same period last year[12]. - The total comprehensive loss for the period was HKD 18,427,000, compared to HKD 6,452,000 in the previous year[18]. - Basic and diluted loss per share for the period was HKD 0.96, compared to HKD 0.21 in the previous year[21]. - The group reported total revenue of HKD 15,524 thousand for the six months ended September 30, 2024, compared to HKD 11,508 thousand for the same period in 2023, representing a year-on-year increase of 35%[54]. - The group incurred a total loss before tax of HKD 26,587 thousand for the six months ended September 30, 2024, compared to a loss of HKD 3,613 thousand for the same period in 2023[57]. - The company reported a net loss of approximately HKD 22,342,000 for the six months ended September 30, 2024, compared to a net loss of HKD 3,613,000 for the same period in 2023[40]. - The company recorded a total of HKD 100,740,000 in promissory notes payable as of September 30, 2024[40]. - The company reported a loss on the early redemption of notes amounting to HKD 4,257,000 for the six months ended September 30, 2024, compared to HKD 1,512,000 in 2023, an increase of 182%[5]. Costs and Expenses - The group reported a significant increase in direct costs, which rose to HKD 12,376,000 from HKD 5,373,000 in the previous year[14]. - Administrative expenses for the period were HKD 13,943,000, slightly up from HKD 13,912,000 in the previous year[14]. - The direct costs increased by approximately HKD 7,000,000 to about HKD 12,400,000, primarily due to additional direct costs from the new electrical business[114]. - Employee benefit expenses totaled HKD 7,090,000 for the six months ended September 30, 2024, down from HKD 9,136,000 in 2023, reflecting a decrease of 22%[70]. - The other losses increased from approximately HKD 2,700,000 to about HKD 8,400,000, mainly due to losses from the sale of investment properties[115]. Cash Flow and Financial Position - The company generated a net cash outflow from operating activities of HKD (9,037,000) for the six months ended September 30, 2024, compared to a net cash inflow of HKD 2,948,000 for the same period in 2023[36]. - The company had cash and cash equivalents of approximately HKD 58,077,000 as of September 30, 2024, compared to HKD 47,600,000 as of March 31, 2024[36]. - As of September 30, 2024, the company recorded current liabilities net amounting to HKD 69,646,000, down from HKD 80,650,000 as of March 31, 2024[40]. - The company’s total liabilities as of September 30, 2024, were HKD 43,180,000, compared to HKD 47,894,000 as of March 31, 2024, indicating a decrease of 10%[90]. - The company’s equity attributable to owners amounted to HKD (64,565,000) as of September 30, 2024, compared to HKD (46,948,000) as of March 31, 2024[31]. - The group’s net liabilities as of September 30, 2024, were approximately HKD 65,365,000, compared to HKD 46,948,000 as of March 31, 2024[126]. Corporate Governance and Management - The company has established corporate governance procedures to ensure independent evaluation and review of business opportunities and performance[151]. - The Audit Committee was established on November 29, 2000, and is responsible for reviewing the financial reporting process and internal control mechanisms[155]. - The Remuneration Committee, formed on March 18, 2005, provides recommendations on the remuneration policies for directors and senior management[156]. - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules, except for the absence of the chairman at the 2023 annual general meeting due to unforeseen circumstances[161]. - The Board of Directors consists of three executive directors and two independent non-executive directors as of the report date[163]. Business Operations and Strategy - The group has five operating segments: cryptocurrency business, financial services, horse services, property investment, and appliance sales, each managed separately due to different market needs[56]. - The group continues to implement various strategies to enhance revenue and control costs to achieve profitability and positive cash flow[44]. - The company plans to implement strict monitoring procedures on receivables to improve cash flow and financial condition[40]. - The group plans to adopt a flexible approach to further develop its Bitcoin mining business despite the recent Bitcoin halving[124]. - The company completed a major transaction involving the proposed share subscription, acquiring approximately 51% equity in Unlimited Technology International Limited[130]. Shareholder Information - As of September 30, 2024, Fresh Success Investment Limited, controlled by Mr. Zheng Dinggang, holds 1,437,914,040 shares, representing 61.61% of the issued share capital[144]. - Raywell Holdings Limited, owned by Mr. Yang Keqin, holds 135,430,000 shares, accounting for 5.80% of the issued share capital[144]. - The company did not adopt any share option schemes during the six months ending September 30, 2024, nor were there any unexercised options from previous schemes[140]. - There were no purchases, sales, or redemptions of shares by the company or its subsidiaries during the six months ending September 30, 2024[141].
帝国金融集团(08029) - 2025 - 中期业绩