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 fiscal year[7]. - The gross profit for the same period was approximately HKD 3,148,000, down from HKD 6,135,000 in the previous fiscal year[7]. - 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[7]. - The total comprehensive loss for the period was HKD 18,427,000, compared to HKD 6,452,000 in the previous year[13]. - The basic and diluted loss per share for the period was HKD 0.96, compared to HKD 0.21 in the previous year[13]. - 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[33]. - The group incurred a pre-tax loss of HKD 26,587 million for the six months ended September 30, 2024, compared to a pre-tax loss of HKD 3,613 million for the same period in 2023[50]. - The group reported a basic and diluted loss per share of HKD 22,342 million for the six months ended September 30, 2024, compared to HKD 4,843 million for the same period in 2023[67]. - The group recorded a loss of approximately HKD 22,300,000 for the six months ended September 30, 2024, an increase of about HKD 10,500,000 compared to the loss of approximately HKD 3,600,000 for the same period last year[107]. - The loss attributable to the owners of the company was approximately HKD 21,500,000, compared to approximately HKD 3,600,000 in the previous period[108]. Dividend and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[7]. - The group did not declare any interim dividend for the six months ended September 30, 2024, consistent with the previous year[66]. - Fresh Success Investment Limited holds 1,437,914,040 shares, representing 61.61% of the issued share capital[133]. - Raywell Holdings Limited owns 135,430,000 shares, accounting for 5.80% of the issued share capital[133]. Cash Flow and Liquidity - The group's cash and cash equivalents increased to HKD 58,077,000 from HKD 47,600,000 as of March 31, 2024[16]. - Cash and cash equivalents at the end of the period were HKD 58,077,000, an increase from HKD 57,423,000 in the previous year[29]. - The company experienced a net cash outflow from operating activities of HKD 9,037,000, compared to a net cash inflow of HKD 2,948,000 in the prior year[29]. - The company recorded a net cash inflow from investing activities of HKD 32,696,000, compared to a net cash outflow of HKD 737,000 in the previous year[29]. - The company plans to implement strict monitoring of receivables to improve cash flow and financial condition[37]. Assets and Liabilities - The total assets less current liabilities amounted to HKD (65,365,000) as of September 30, 2024, compared to HKD (42,564,000) as of March 31, 2024[20]. - The group's total liabilities increased to HKD 186,522,000 from HKD 185,917,000 as of March 31, 2024[16]. - Total liabilities as of September 30, 2024, amounted to approximately HKD 65,365,000, down from HKD 80,650,000 as of March 31, 2024[33]. - As of September 30, 2024, the group's net liabilities were approximately HKD 65,365,000, up from approximately HKD 46,948,000 as of March 31, 2024[115]. Revenue Breakdown - Cryptocurrency business revenue reached HKD 4,850 million, while financial services revenue was HKD 2,714 million, contributing to the overall revenue growth[50]. - Revenue from financial services decreased by approximately HKD 1,200,000, while revenue from cryptocurrency business increased by approximately HKD 300,000[101]. - The newly added electrical business generated revenue of approximately HKD 7,500,000 during the reporting period[101]. - The group's geographical revenue distribution showed HKD 15,109 million from Hong Kong and HKD 415 million from Australia for the six months ended September 30, 2024[56]. Operational Performance - The group’s total operating expenses for the six months ended September 30, 2024, were HKD 7,090 million, a decrease from HKD 9,136 million in the same period of 2023[63]. - Interest income from financial services was HKD 1,834 million, down from HKD 2,924 million in the previous year[47]. - Direct costs increased by approximately HKD 7,000,000 to about HKD 12,400,000 due to additional costs from the new electrical business[103]. - Other losses rose from approximately HKD 2,700,000 to about HKD 8,400,000, primarily due to losses from the sale of investment properties[104]. Corporate Governance - The company has established corporate governance procedures to ensure independent evaluation and review of business opportunities and performance[140]. - The audit committee, consisting of two independent non-executive directors, reviewed the performance for the six months ending September 30, 2024[144]. - The company has complied with all provisions of the corporate governance code, except for the absence of the chairman at the 2023 annual general meeting[150]. - The board consists of three executive directors and two independent non-executive directors as of the report date[152]. Other Information - The company acknowledges significant uncertainty regarding its ability to continue as a going concern due to its financial situation[38]. - The company is in discussions with creditors to extend the maturity of its debts and seek alternative financing solutions[37]. - The company completed the acquisition of a subsidiary on April 22, 2024, for a consideration of HKD 10,400, involving a 51% stake in the target company[91]. - The cash and cash equivalents acquired from the subsidiary amounted to HKD 529,000[98]. - The company acquired property, plant, and equipment at a cost of approximately HKD 0 for the six months ended September 30, 2024, compared to HKD 974,000 in the previous year[73]. - Trade receivables as of September 30, 2024, amounted to HKD 2,974,000, up from HKD 1,174,000 as of March 31, 2024[75]. - Prepayments, deposits, and other receivables increased to HKD 8,563,000 as of September 30, 2024, from HKD 5,141,000 as of March 31, 2024[81]. - The total number of employees increased to 31 as of September 30, 2024, from 26 in the previous year, with total compensation for the six months amounting to approximately HKD 7,090,000[121]. - No stock option plans were adopted or in existence during the six months ending September 30, 2024[129]. - The company and its subsidiaries did not purchase, sell, or redeem any shares during the six months ending September 30, 2024[130]. - The group has no investment properties following the completion of a major transaction related to the sale of investment properties in September 2024[114].
帝国金融集团(08029) - 2025 - 中期财报