Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 10,864,000, a decrease of 28.5% compared to HKD 15,202,000 for the same period in 2023[12]. - The company reported a gross profit of HKD 5,921,000, down 42.5% from HKD 10,360,000 in the previous year[12]. - The loss before tax for the period was HKD 1,230,000, significantly improved from a loss of HKD 15,115,000 in the same period last year[12]. - The net loss for the period was HKD 1,552,000, compared to a net loss of HKD 15,463,000 in the previous year, indicating a substantial reduction in losses[12]. - Financial income from loans decreased to HKD 2,473,000, down 16.1% from HKD 2,950,000 in the prior year[12]. - Other income fell to HKD 8,391,000, a decline of 31.5% from HKD 12,252,000 in the same period last year[12]. - Marketing and administrative expenses were reduced to HKD 7,164,000, down 21.1% from HKD 9,090,000 in the previous year[12]. - The fair value gain on financial assets was HKD 718,000, a significant recovery from a loss of HKD 15,668,000 in the previous year[12]. - The company reported a loss attributable to owners of HKD (1,133) thousand for the six months ended September 30, 2024, compared to a loss of HKD (15,099) thousand for the same period in 2023, representing a significant improvement[14]. - The basic and diluted loss per share decreased to HKD (0.40) from HKD (5.40) year-over-year, indicating a reduction in losses per share[14]. Assets and Liabilities - Total non-current assets as of September 30, 2024, were HKD 331 thousand, a decrease from HKD 362,825 thousand as of March 31, 2024[16]. - Current assets increased to HKD 101,318 thousand from HKD 58,396 thousand, reflecting a growth of approximately 73.5%[16]. - Current liabilities rose to HKD 62,630 thousand from HKD 45,490 thousand, indicating an increase of about 37.7%[16]. - The total equity attributable to owners of the company increased to HKD 31,188 thousand from HKD 27,679 thousand, reflecting a growth of approximately 12.1%[18]. - The company’s cash and cash equivalents at the end of the period were HKD 5,655 thousand, compared to HKD 3,892 thousand at the end of the previous period[24]. - The aging analysis of trade receivables as of September 30, 2024, shows a total of HKD 10,344,000, with HKD 5,070,000 overdue between 181 to 365 days[58]. - The company’s loan portfolio as of September 30, 2024, included HKD 36,625,000 in loans overdue between 181 to 365 days and HKD 16,800,000 overdue for more than 365 days[61]. - The total borrowings of the group, including loans and promissory notes, were approximately HKD 36,500,000 as of September 30, 2024, down from HKD 38,700,000 as of March 31, 2024[106]. - The net asset liability ratio was 0.9 as of September 30, 2024, improved from 1.2 as of March 31, 2024[106]. Cash Flow - The net cash generated from operating activities was HKD 1,251 thousand for the six months ended September 30, 2024, compared to HKD 1,582 thousand in the prior year[24]. - The company reported a net increase in cash and cash equivalents of HKD 2,312 thousand, up from HKD 1,243 thousand in the same period last year[24]. - The group’s cash and bank balance as of September 30, 2024, was approximately HKD 5,700,000, an increase from HKD 3,400,000 as of March 31, 2024[104]. Revenue Breakdown - Revenue from asset advisory and valuation services for the six months ended September 30, 2024, was HKD 6,908,000, a decrease from HKD 10,916,000 for the same period in 2023, representing a decline of approximately 36.5%[48]. - The financial services segment generated revenue of HKD 2,473,000 for the six months ended September 30, 2024, compared to HKD 2,950,000 in the same period of 2023, reflecting a decline of approximately 16.1%[48]. - Revenue from media advertising services was HKD 511,000 for the six months ended September 30, 2024, compared to HKD 300,000 in the same period of 2023, representing an increase of approximately 70.7%[48]. - Revenue from corporate services and consulting was HKD 972,000 for the six months ended September 30, 2024, down from HKD 1,036,000 in 2023, reflecting a decrease of about 6.2%[48]. Corporate Governance - The company has complied with the GEM Listing Rules Appendix C1 Corporate Governance Code, except for rule C.2.1, which requires the roles of Chairman and CEO to be separate[142]. - The current board of directors is of a single gender, and the nomination committee aims to appoint at least one director of a different gender by December 31, 2024, in accordance with GEM Listing Rule 17.104[144]. - The audit committee has reviewed the unaudited condensed consolidated results and believes they have been prepared in accordance with applicable accounting standards and GEM Listing Rules[145]. Future Outlook - The company plans to continue focusing on cost management and operational efficiency to improve financial performance in the future[11]. - The group will closely monitor credit risk and continue to enhance competitiveness to ensure an appropriate balance between returns and risks in a rapidly changing industry and economy[84]. - The group has no plans for significant investments or capital assets beyond those disclosed in the interim report as of September 30, 2024[85]. Shareholder Information - The total number of issued shares as of September 30, 2024, is 279,812,344[1]. - Brilliant One Holdings Limited holds 3,108,500 shares, representing approximately 1.11% of the total issued shares[2]. - Laberie Holdings Limited and 财讯传媒集团有限公司 each hold 56,000,000 shares, accounting for 20.01% of the total issued shares[3]. - 茹晓鴿女士 holds 46,630,000 shares, which is 16.66% of the total issued shares[4]. - The total number of unexercised share options available under the new plan as of September 30, 2024, is 23,318,234[5]. - No share options were granted, exercised, canceled, or expired during the reporting period[6]. - The company did not repurchase any shares listed on GEM during the reporting period[7]. - There were no management or administrative contracts established during the reporting period, aside from service contracts with directors or full-time employees[8]. - All directors confirmed compliance with the trading code during the reporting period[9]. - No interests in competing businesses were reported by directors or major shareholders during the period[10].
亚太金融投资(08193) - 2025 - 中期业绩