Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 11,264,000, a decrease of about 27% compared to HKD 15,524,000 for the same period last year[8] - The gross profit for the same period was approximately HKD 6,633,000, compared to HKD 3,148,000 in the previous fiscal year[9] - The loss attributable to owners of the company for the six months was approximately HKD 17,104,000, an improvement from a loss of HKD 21,532,000 in the same period last year[9] - The total comprehensive loss for the period was HKD 15,536,000, compared to HKD 18,427,000 in the previous year[13] - The basic and diluted loss per share for the period was HKD 0.77, compared to HKD 0.96 in the previous year[13] - For the six months ended September 30, 2025, the company reported a net loss of approximately HKD 17,981,000, compared to a net loss of HKD 22,342,000 for the same period in 2024, indicating an improvement of about 19.5%[22] - The company recorded a total comprehensive loss of HKD 15,536,000 for the six months ended September 30, 2025[22] - The company reported a loss of approximately HKD 18,000,000 for the six months ended September 30, 2025, an improvement of about HKD 4,300,000 compared to a loss of approximately HKD 22,300,000 in the previous period[60] - The loss attributable to the company's owners was approximately HKD 17,100,000, compared to approximately HKD 21,500,000 in the previous period[61] Assets and Liabilities - The company's non-current assets as of September 30, 2025, amounted to HKD 4,760,000, an increase from HKD 2,622,000 as of March 31, 2025[14] - Current assets totaled HKD 84,542,000, a decrease from HKD 87,279,000 as of March 31, 2025[14] - Current liabilities were HKD 96,297,000, significantly reduced from HKD 171,001,000 as of March 31, 2025[14] - As of September 30, 2025, the company recorded current liabilities net worth of approximately HKD 6,995,000, a decrease from HKD 83,772,000 as of March 31, 2025[22] - The total liabilities net worth as of September 30, 2025, was approximately HKD 97,473,000, compared to HKD 81,937,000 as of March 31, 2025, reflecting an increase of about 19%[22] - The company's equity attributable to owners decreased to approximately HKD 92,865,000 as of September 30, 2025, from HKD 78,206,000 as of March 31, 2025[17] - The group’s total liabilities and financial costs were reported at HKD 8,501,000 for the current period[32] - The group's net liabilities as of September 30, 2025, were approximately HKD 97,473,000, an increase from HKD 81,937,000 as of March 31, 2025, reflecting a significant rise in financial obligations[64] Cash Flow - The company generated a net cash outflow of HKD 5,127,000 from operating activities for the six months ended September 30, 2025, compared to a net cash outflow of HKD 9,037,000 for the same period in 2024[20] - The company had cash and cash equivalents of approximately HKD 28,516,000 as of September 30, 2025, down from HKD 58,077,000 at the end of the previous period[20] - Cash and bank balances as of September 30, 2025, were approximately HKD 28,516,000, a decrease of about 3.4% from the balance as of March 31, 2025[64] Revenue Breakdown - Cryptocurrency business revenue was HKD 1,220,000, down 74.9% from HKD 4,850,000 in the previous year[30] - Financial services revenue amounted to HKD 5,393,000, while the group incurred a segment loss of HKD 2,459,000 in this category[32] - The group reported total revenue of HKD 11,264,000 for the six months ended September 30, 2025, a decrease of 27.5% from HKD 15,524,000 in the same period of 2024[30] Operational Strategies - The company plans to implement strict monitoring procedures for receivables to improve cash flow and financial condition[22] - The group plans to implement various strategies to enhance revenue and control costs to improve profitability and operational cash flow[26] - The group is actively negotiating with creditors to extend debt maturities and seeking alternative debt or equity financing to meet cash flow needs[26] Corporate Governance - The board confirmed that the information provided in the report is accurate and complete, with no misleading elements[6] - The Audit Committee was established on November 29, 2000, and is responsible for reviewing the financial reporting process and internal control mechanisms[82] - The Remuneration Committee, formed on March 18, 2005, consists of three independent non-executive directors, with specific responsibilities for recommending policies regarding executive compensation[83] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[85] - The company has applied and complied with all provisions of the corporate governance code as per GEM Listing Rules, with one exception regarding the attendance of the chairman at the annual general meeting[86] - The board of directors includes four executive directors and three independent non-executive directors as of the report date[88] Employee Information - Employee benefits expenses totaled HKD 7,540,000, an increase from HKD 7,090,000 in the previous year[43] - The total number of employees as of September 30, 2025, was 21, down from 31 in the previous year, with total compensation amounting to approximately HKD 7,540,000[69] Dividends - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025[9] - The company did not declare or recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[42] Business Activities - The company continues to engage in various business activities, including lending, securities, futures brokerage, asset management, and cryptocurrency investments[21] - The group commenced its Bitcoin mining business in April 2021 and remains confident in its future development despite recent market price fluctuations[63] - The group anticipates a decline in revenue from its horse breeding segment in the upcoming fiscal year due to aging breeding stock and has no intention to further invest in this segment[63] Other Information - The company acquired property, plant, and equipment at a cost of approximately HKD 980,000 during the six months ended September 30, 2025[47] - Trade receivables amounted to HKD 1,729,000 as of September 30, 2025, with an expected credit loss provision of HKD 309,000[48] - Trade payables increased to HKD 4,277,000 as of September 30, 2025, compared to HKD 3,492,000 as of March 31, 2025[51] - Administrative expenses for the six months ended September 30, 2025, were HKD 16,300,000, nearly unchanged from HKD 13,900,000 in the previous year[57] - Major shareholders include Fresh Success Investment Limited, holding 143,791,404 shares, representing 61.61% of the issued share capital[70] - The group has not engaged in any significant acquisitions or disposals during the reporting period[68] - The group has not adopted any share option schemes during the six months ending September 30, 2025[74] - The group has no significant contracts in which any director or executive officer has a direct or indirect interest as of the end of the reporting period[76] - The group has not established any foreign exchange hedging arrangements and closely monitors foreign currency exchange rate fluctuations to manage foreign exchange risk[66] - The group has recognized a net foreign exchange gain of HKD 21,000 for the current period, compared to a loss of HKD 281,000 in the previous year[37]
帝国金融集团(08029) - 2026 - 中期业绩