Financial Performance - For the six months ended September 30, 2025, the company reported a total revenue of HKD 5,202, a decrease of 31.8% compared to HKD 7,629 in the same period of 2024[6] - The company incurred an operating loss of HKD 46,298, compared to an operating loss of HKD 10,074 in the previous year, reflecting a significant increase in losses[6] - The net loss attributable to the owners of the company for the period was HKD 50,134, compared to a loss of HKD 10,597 in the same period last year, representing a 373.5% increase in losses[6] - The company reported a basic and diluted loss per share of HKD 0.57 for the current period, compared to HKD 0.25 in the previous year, reflecting a worsening financial performance[7] - The company recognized a fair value loss of HKD 45,388 on financial assets measured at fair value through profit or loss, which was a new entry in the current period[6] Assets and Liabilities - The company's total assets as of September 30, 2025, amounted to HKD 207,231, an increase from HKD 167,878 as of March 31, 2025[8] - The company's total liabilities increased significantly to HKD 116,741 from HKD 37,603, indicating a rise in financial obligations[8] - The company’s net asset value per share increased to HKD 1.753 as of September 30, 2025, up from HKD 0.253 on March 31, 2025[49] - The total outstanding bonds payable as of September 30, 2025, amounted to approximately HKD 17,122,000, with an interest rate of 5%[44] Cash Flow - The company’s cash and cash equivalents decreased to HKD 1,662 from HKD 2,222, indicating a decline in liquidity[8] - The net cash used in operating activities was HKD 22,270,000, compared to a net cash used of HKD 17,953,000 in the same period of 2023[10] - The net cash used in investing activities for the six months ended September 30, 2024, was HKD 50,038,000, with no cash inflow reported[10] - The net cash from financing activities for the six months ended September 30, 2024, was HKD (31,267,000), a decrease from HKD 67,889,000 in the previous year[10] - Total cash and cash equivalents as of September 30, 2024, amounted to HKD 7,169,000, up from HKD 2,222,000 as of the same date in 2023[10] Shareholder Information - Major shareholders include individuals holding over 5% of the company's shares, with the largest being He Jun at 20,530,000 shares, representing approximately 9.89%[69] - The company has issued a maximum of 155,659,455 rights shares at a subscription price of HKD 1.00 per share, aiming to raise approximately HKD 155.7 million before expenses[48] - The new share scheme adopted on September 30, 2024, will remain effective for ten years, allowing the company to issue a total of 4,323,948 shares, representing 2.1% of the total issued shares (excluding treasury shares) as of April 1, 2025, and September 30, 2025[73] Governance and Compliance - The company has complied with the corporate governance code, with exceptions regarding the insurance for directors and the separation of roles between the chairman and CEO[77] - The audit committee, composed entirely of independent non-executive directors, is responsible for reviewing the group's financial information and overseeing the financial reporting system and internal controls[79] - The interim results for the period have been reviewed by the audit committee before being recommended for approval to the board[81] Operational Highlights - The company aims to integrate IT resources and build a high-quality professional IT service team in Guangdong Province[43] - The company aims to implement effective and compliant internal controls and to pragmatically deploy investment strategies to enhance financial conditions and provide substantial returns to shareholders[66] Other Financial Metrics - Other income decreased by approximately 31.8% from HKD 7,629,000 for the six months ended September 30, 2024, to HKD 5,202,000 for the six months ended September 30, 2025, primarily due to a decrease in foreign exchange gains of about HKD 2,915,000[52] - Fair value losses on financial assets measured at fair value through profit or loss were approximately HKD 309,000 for the six months ended September 30, 2025, a significant decrease of 98.47% compared to losses of approximately HKD 20,220,000 for the same period in 2024[53] - The net realized loss on financial assets measured at fair value through profit or loss increased by 100% to HKD 45,388,000 for the current period compared to the six months ended September 30, 2024[54] - Administrative expenses decreased by approximately 29.69% from HKD 8,253,000 for the six months ended September 30, 2024, to HKD 5,803,000 for the six months ended September 30, 2025, mainly due to reductions in employee benefits and rental expenses[56] - Financial costs increased by approximately 633.46% from HKD 523,000 for the six months ended September 30, 2024, to HKD 3,836,000 for the six months ended September 30, 2025, primarily due to increased interest expenses on other borrowings[57]
资本界金控(00204) - 2026 - 中期财报