Revenue and Profitability - Total revenue for the six months ended September 30, 2024, was HKD 10.864 million, a decrease from HKD 15.202 million in the same period in 2023[12] - Gross profit for the period was HKD 5.921 million, down from HKD 10.360 million in the previous year[12] - Net loss for the period was HKD 1.552 million, significantly lower than the HKD 15.463 million loss in 2023[12] - Basic and diluted loss per share was HKD 0.40, compared to HKD 5.40 in the same period last year[14] - Revenue from asset advisory and valuation services decreased to 6,908 thousand HKD in 2024 from 10,916 thousand HKD in 2023, a decline of 36.7%[48] - Revenue from corporate services and consulting services decreased to 972 thousand HKD in 2024 from 1,036 thousand HKD in 2023, a decline of 6.2%[48] - Revenue from media advertising services increased to 511 thousand HKD in 2024 from 300 thousand HKD in 2023, a growth of 70.3%[48] - Revenue from financial services decreased to 2,473 thousand HKD in 2024 from 2,950 thousand HKD in 2023, a decline of 16.2%[48] - Total revenue decreased to 10,864 thousand HKD in 2024 from 15,202 thousand HKD in 2023, a decline of 28.5%[47] - Revenue from Hong Kong decreased to 10,336 thousand HKD in 2024 from 14,902 thousand HKD in 2023, a decline of 30.6%[47] - Revenue from Mainland China (excluding Hong Kong) increased to 528 thousand HKD in 2024 from 300 thousand HKD in 2023, a growth of 76%[47] - The company reported a pre-tax loss of 1,133 thousand HKD in 2024 compared to a pre-tax loss of 15,099 thousand HKD in 2023[54] - The company's revenue for the period was approximately HKD 10,900,000, a decrease of 28.5% compared to the same period last year, primarily due to a decline in revenue from asset advisory and asset valuation services[80] - The company's loss attributable to owners was approximately HKD 1,100,000, a significant improvement from the loss of HKD 15,100,000 in the same period last year, driven by the reversal of fair value losses on financial assets[81] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 101.318 million, up from HKD 58.396 million as of March 31, 2024[16] - Net current assets increased to HKD 38.688 million from HKD 12.906 million as of March 31, 2024[16] - Non-current liabilities decreased from 38,804 thousand HKD to 23,600 thousand HKD, primarily due to the reduction in other borrowings and lease liabilities[18] - The company's net asset value increased from 29,734 thousand HKD to 32,824 thousand HKD, reflecting growth in equity attributable to the company's owners[18] - Equity attributable to the company's owners rose from 27,679 thousand HKD to 31,188 thousand HKD, supported by an increase in share capital and reserves[18] - The company's total equity increased from 29,734 thousand HKD to 32,824 thousand HKD, reflecting overall growth in shareholder value[18] - The company's share capital increased from 23,319 thousand HKD to 27,982 thousand HKD, indicating potential capital-raising activities or share issuances[21] - The company's reserves decreased from 4,360 thousand HKD to 3,206 thousand HKD, possibly due to dividend distributions or other adjustments[18] - The company's non-controlling interests decreased from 2,055 thousand HKD to 1,636 thousand HKD, reflecting changes in minority ownership[18] - Total trade receivables (net of provisions) slightly increased to 10,344 thousand HKD as of September 30, 2024, from 10,082 thousand HKD as of March 31, 2024[58] - Loans receivable aged 181-365 days surged to 36,625 thousand HKD as of September 30, 2024, compared to 0 as of March 31, 2024[61] - Loans receivable aged over 365 days decreased to 16,800 thousand HKD as of September 30, 2024, from 77,813 thousand HKD as of March 31, 2024[61] - Total loans receivable decreased to 55,456 thousand HKD as of September 30, 2024, from 87,414 thousand HKD as of March 31, 2024[61] - Cash and bank balances increased to 5,655 thousand HKD as of September 30, 2024, from 3,363 thousand HKD as of March 31, 2024[62] - Trade payables aged over 365 days increased to 1,976 thousand HKD as of September 30, 2024, from 1,338 thousand HKD as of March 31, 2024[62] - Total trade payables decreased to 3,190 thousand HKD as of September 30, 2024, from 3,911 thousand HKD as of March 31, 2024[62] - The company maintained a loan portfolio net amount of approximately HKD 55,400,000 as of September 30, 2024, with loans to individual borrowers ranging from HKD 300,000 to HKD 13,300,000, with terms of 1 to 2 years and fixed interest rates of 6% to 10% per annum[77] - The net receivables from the largest borrower and the top five borrowers were approximately HKD 13,300,000 and HKD 47,200,000, accounting for 24.0% and 85.2% of the company's total loan receivables, respectively[77] - As of September 30, 2024, the company's bank and cash balances were approximately HKD 5.7 million, up from HKD 3.4 million on March 31, 2024[104] - Net current assets as of September 30, 2024, were approximately HKD 38.7 million, compared to HKD 12.9 million on March 31, 2024[104] - Total borrowings as of September 30, 2024, were approximately HKD 36.5 million, down from HKD 38.7 million on March 31, 2024[106] Financial Performance and Cash Flow - Loan interest income decreased to HKD 2.473 million from HKD 2.950 million in the previous year[12] - Other income remained relatively stable at HKD 390 thousand compared to HKD 377 thousand in 2023[12] - Marketing and administrative expenses decreased to HKD 7.164 million from HKD 9.090 million in the previous year[12] - Financial costs were HKD 1.095 million, almost unchanged from HKD 1.094 million in 2023[12] - Cash and cash equivalents increased by 2,312 thousand HKD, reaching 5,655 thousand HKD at the end of the period, driven by positive cash flows from operating and financing activities[24] - Operating cash flow decreased slightly from 1,582 thousand HKD to 1,251 thousand HKD, indicating a minor decline in cash generation from core operations[24] - The company's marketing and administrative expenses decreased by 21.2% to HKD 7,200,000 due to cost control measures implemented during the period[80] - The company recorded a net fair value gain of approximately HKD 700,000 on financial assets at fair value through profit or loss, compared to a net loss of HKD 15,700,000 in the same period last year[80] - The company holds financial assets at fair value through profit or loss with a total market value of approximately HKD 32,800,000 as of September 30, 2024, primarily consisting of Hong Kong-listed equity securities[87] - The company recorded unrealized gains of approximately HKD 700,000 on its equity securities during the period, compared to unrealized losses of HKD 15,700,000 in the same period last year[92] - The current ratio improved to 1.6 as of September 30, 2024, from 1.3 on March 31, 2024[104] - The net gearing ratio decreased to 0.9 as of September 30, 2024, from 1.2 on March 31, 2024[106] Share Capital and Equity - Issued share capital increased to 279,812 thousand shares as of September 30, 2024, from 233,182 thousand shares as of April 1, 2024, due to the issuance of 46,630 thousand shares[64] - The company completed a share subscription agreement on August 30, 2024, issuing 46,630,000 shares at HKD 0.1 per share to raise additional funds for general working capital needs[95] - Total proceeds from share subscription amounted to approximately HKD 4.7 million, with net proceeds of HKD 4.6 million, to be used for general working capital[97] - The company issued 46,630,000 subscription shares on August 26, 2024[100] - The total number of share options available for grant under the new plan as of April 1, 2024, and September 30, 2024, is 23,318,234[131] - No share options were granted, exercised, canceled, or lapsed under the new plan during the period[130] - Laberie Holdings Limited and Caixun Media Group each held 20.01% of the company's issued shares as of September 30, 2024[119] Corporate Governance and Compliance - The company did not recommend any dividend for the period ending September 30, 2024, consistent with the same period in 2023[53] - The company did not acquire or write off any property, plant, and equipment during the period ending September 30, 2024[57] - The company has not redeemed any GEM-listed shares, nor has it or any of its subsidiaries purchased or sold any such shares during the period[136] - The monthly salaries of independent non-executive directors were adjusted: Mr. Shi Weijie, Mr. Su Guoxin, and Mr. Deng Weiji were reduced from HKD 12,000 to HKD 6,000[139][140][141] - The company aims to appoint at least one director of a different gender to the board by December 31, 2024, to achieve gender diversity[144] - The company has complied with the GEM Listing Rules' corporate governance code, except for the separation of the roles of chairman and CEO, which are currently held by the same person[142] - The audit committee has reviewed the unaudited condensed consolidated results and the report, confirming compliance with applicable accounting standards and GEM Listing Rules[145] Employee and Operational Costs - The company employed 19 staff as of September 30, 2024, up from 18 on March 31, 2024[110] - Total employee costs for the period were approximately HKD 5.7 million, down from HKD 6.5 million in the same period last year[110] Trade Receivables and Payables - Trade receivables (net of provisions) aged 0-30 days decreased to 1,432 thousand HKD as of September 30, 2024, from 4,218 thousand HKD as of March 31, 2024[58] - Trade receivables aged 181-365 days increased significantly to 5,070 thousand HKD as of September 30, 2024, compared to 1,949 thousand HKD as of March 31, 2024[58]
亚太金融投资(08193) - 2025 - 中期财报