Financial Performance - For the six months ending December 31, 2024, total revenue was HKD 147,813,000, a decrease of 84.3% compared to HKD 941,434,000 in the same period of 2023[3] - Gross profit for the same period was HKD 77,055,000, compared to HKD 5,749,000 in 2023, indicating a significant increase[3] - The company reported a loss before tax of HKD 324,020,000, compared to a profit of HKD 591,908,000 in the previous year[3] - The net loss attributable to shareholders was HKD 309,884,000, a substantial decline from a profit of HKD 593,272,000 in the prior year[3] - The company’s basic and diluted loss per share was HKD 45.5, compared to a profit of HKD 22.8 in the previous year[3] - Other comprehensive loss for the period was HKD 106,460,000, compared to a gain of HKD 55,448,000 in the same period last year[4] - Total revenue from external customers for the six months ended December 31, 2024, was HKD 147,813,000, compared to HKD 941,434,000 for the same period in 2023, representing a significant decline[30] - The company reported a comprehensive loss before tax of HKD 324,020,000 for the six months ended December 31, 2024, compared to a profit of HKD 591,908,000 for the same period in 2023[21][25] - The company reported a net loss of HKD 309,884,000 for the six months ended December 31, 2024, compared to a profit of HKD 593,272,000 for the same period in 2023[42] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 3,960,305,000, down from HKD 4,219,922,000 as of June 30, 2024[6] - Current assets amounted to HKD 2,571,120,000, slightly decreasing from HKD 2,584,253,000 in the previous period[6] - The company's cash and cash equivalents were HKD 605,982,000, an increase from HKD 574,680,000 in the previous period[6] - The total liabilities increased to HKD 672,905,000 from HKD 360,639,000, indicating a rise in financial obligations[7] - The total liabilities of the company as of December 31, 2024, amounted to HKD 672,905,000, compared to HKD 360,639,000 as of June 30, 2024[23][27] - The company's equity in associates decreased to HKD 1,297,726,000 as of December 31, 2024, down from HKD 1,515,506,000 in June 2024[44] - As of December 31, 2024, the group's non-current assets amounted to HKD 1,389,185,000, down from HKD 1,633,082,000 as of June 30, 2024[93] - The group's current assets net value was HKD 1,900,523,000, a decrease from HKD 2,252,960,000 as of June 30, 2024, with a current ratio of 3.8 times[93] - Total borrowings (excluding lease liabilities) as of December 31, 2024, were HKD 578,774,000, significantly up from HKD 280,105,000 as of June 30, 2024[94] Segment Performance - The company has three reportable segments: Commodity Trading, Resource Investment, and Major Investments and Financial Services[18] - The company recorded a segment performance loss of HKD 186,483,000 in the resources investment sector for the six months ended December 31, 2024[21] - The company’s segment performance in the financial services sector showed a profit of HKD 3,597,000 for the six months ended December 31, 2024[21] - The company’s commodity business recorded a segment loss of HKD 6,468,000 in the first half of fiscal year 2025, a significant decline from a profit of HKD 69,373,000 in the same period of the previous fiscal year[85] - The group recorded a segment loss of HKD 191,956,000, primarily due to weak commodity markets affecting resource investment and commodity business segments, which incurred losses of HKD 183,612,000 and HKD 6,468,000 respectively[51] Investments and Fair Value - The investment in Shougang Fushan recorded a fair value loss of HKD 93,513,000, with a carrying value of HKD 352,056,000 as of December 31, 2024[66] - The resource investment segment reported a fair value loss of HKD 199,084,000 for the first half of the 2025 fiscal year, compared to a gain of HKD 214,274,000 in the same period of the previous year[70] - The gold segment recorded a fair value gain of HKD 55,082,000 in the first half of the fiscal year 2025, with a book value of HKD 719,663,000 as of December 31, 2024[79] - The commodities segment recorded a fair value loss of HKD 128,771,000 in the first half of fiscal year 2025, with a book value of HKD 479,352,000 as of December 31, 2024[81] - The base metals segment, including copper, nickel, zinc, aluminum, tin, and cobalt, recorded a fair value loss of HKD 21,592,000, with copper prices down 9.8% and nickel prices down 11.6%[82] - The energy segment recorded a fair value loss of HKD 61,989,000 in the first half of fiscal year 2025, with a book value of HKD 262,074,000 as of December 31, 2024[83] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.10 per share, totaling HKD 135,664,000, compared to HKD 130,249,000 for the interim dividend in the previous year[40] - The company declared a final dividend of HKD 0.10 per share, amounting to approximately HKD 135,664,000, paid on December 16, 2024[109] Risk Management and Compliance - The group has established a comprehensive risk management framework, regularly reviewing and updating policies to enhance risk management[99] - Financial risks include market risk, credit risk, and liquidity risk, with market risk further divided into foreign exchange risk, interest rate risk, and other price risks[101] - The group regularly monitors the effectiveness of standards used to identify significant increases in credit risk[92] - The group employs an expected credit loss model for assessing loan impairment, based on historical credit loss experience and adjustments for specific borrower factors[90] - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[112] Market Outlook - The board believes that market sentiment will be influenced by commodity prices, interest rate changes, geopolitical situations, and macroeconomic performance[110] - The company maintains a cautious outlook on the global economy and commodity demand due to potential trade tensions, particularly between the US and China[111] Other Notable Points - The company has not been affected by the revised HKFRS 16 regarding lease liabilities, as there were no variable lease payments dependent on indices or exchange rates[9] - There were no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the six months ending December 31, 2024[105] - The company has no significant capital commitments as of December 31, 2024[106] - There are no known significant contingent liabilities as of the announcement date and December 31, 2024[107] - The company is actively seeking potential investment opportunities to maximize shareholder value[110]
亚太资源(01104) - 2025 - 中期业绩