Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 344,429,000, a decrease of 6.9% compared to HKD 370,323,000 in the same period of 2021[5] - Net profit for the period was HKD 85,549,000, representing an increase of 20.9% from HKD 70,749,000 in the previous year[5] - Basic and diluted earnings per share increased to HKD 3.53 cents from HKD 2.94 cents, reflecting a growth of 20.1%[7] - Total comprehensive income for the period was HKD 31,232,000, down from HKD 52,830,000 in the same period last year, a decrease of 41.1%[5] - The company reported a pre-tax profit of HKD 103,059,000 for the six months ended September 30, 2022, compared to HKD 90,079,000 in the same period of 2021, representing an increase of approximately 14.4%[13] - The income tax expense for the reporting period was HKD 17,510,000, a decrease of 8.4% from HKD 19,330,000 for the six months ended September 30, 2021[44] - The unaudited consolidated profit attributable to the company's owners was approximately HKD 84,690,000, an increase of about HKD 14,175,000 or approximately 20.1% year-on-year[67] Assets and Liabilities - Non-current assets, including property, plant, and equipment, amounted to HKD 413,345,000 as of September 30, 2022, down from HKD 427,480,000 as of March 31, 2022[9] - Current assets totaled HKD 1,181,958,000, a decrease from HKD 1,283,628,000 as of March 31, 2022[9] - Total liabilities decreased to HKD 110,963,000 from HKD 121,689,000, indicating a reduction of 8.8%[9] - The company's equity attributable to owners decreased to HKD 1,743,227,000 from HKD 1,855,463,000, a decline of 6.0%[11] - Total assets as of September 30, 2022, were HKD 1,924,173,000, a decrease from HKD 2,057,888,000 as of March 31, 2022[33] - The group's liabilities as of September 30, 2022, were HKD 172,762,000, compared to HKD 135,836,000 as of March 31, 2022[33] Cash Flow and Investments - Operating cash flow before changes in working capital decreased to HKD 96,568,000 from HKD 106,261,000, a decline of about 9.6% year-over-year[13] - Net cash generated from operating activities was HKD 70,987,000, down from HKD 116,353,000, indicating a decrease of approximately 39.1%[13] - The net cash used in investing activities was HKD 186,582,000, a substantial improvement from a net cash used of HKD 5,298,000 in the prior year[15] - The group’s capital expenditure during the reporting period was approximately HKD 1,596,000, compared to approximately HKD 6,283,000 for the six months ended September 30, 2021[69] Revenue Breakdown - Revenue from publishing and advertising was HKD 254,165,000, down 6.3% from HKD 271,285,000 year-on-year[28] - Internet subscription and advertising revenue decreased to HKD 60,442,000 from HKD 67,227,000, representing a decline of 10.5%[28] - Revenue from external customers in Hong Kong was HKD 335,948,000, down from HKD 358,599,000 in the previous year[38] - Oriental Daily's overall revenue decreased by approximately HKD 17,120,000, a decline of about 6.3% compared to the same period last year[79] - On.cc's revenue also fell by approximately HKD 6,785,000, down about 10.1% year-on-year[79] Dividends - The company paid dividends totaling HKD 143,876,000 during the reporting period, compared to HKD 167,854,000 in the same period last year, reflecting a decrease of approximately 14.3%[19] - The company declared a final dividend of HKD 0.03 per share and a special dividend of HKD 0.03 per share, totaling approximately HKD 143,876,000, compared to HKD 167,854,000 for the same period last year[45] - The board declared an interim dividend of HKD 0.03 per share and a special dividend of HKD 0.02 per share, to be distributed on December 22, 2022[73] Foreign Exchange and Other Income - The company reported a foreign exchange loss of HKD 54,317,000 during the period, compared to a gain of HKD 17,919,000 in the previous year[5] - Other income increased significantly to HKD 32,269,000 from HKD 14,765,000, marking a growth of 118.5%[5] - The company reported a significant foreign exchange loss of HKD 53,050,000 during the period, impacting overall financial results[19] Shareholding Structure - As of September 30, 2022, Mr. Ma Chengfa holds 1,547,851,284 shares, representing 64.55% of the company's total issued shares[92] - Mr. Ma Jinghao holds 95,916,000 shares, accounting for 4.00% of the company's total issued shares[92] - The total number of issued shares as of September 30, 2022, is 2,397,917,898[94] - Conyers Trustee Services (BVI) Limited, as trustee of Ocean Trust, holds 1,547,851,284 shares, which is 64.55% of the company[98] - Ocean Greatness Limited and Marsun Holdings Limited also hold 1,547,851,284 shares each, representing 64.55%[98] - Magicway Investment Limited holds 1,222,941,284 shares, which is 51.00% of the company[98] - Ever Holdings Limited holds 324,910,000 shares, accounting for 13.55% of the company[98] - Perfect Deal Trading Limited holds 149,870,000 shares, representing 6.25% of the company[98] - The company has not disclosed any other individuals holding shares or related interests as of September 30, 2022[99] Operational Challenges - The company faced uncertainties in its business environment due to the COVID-19 pandemic, impacting its operations and financial condition[90] - The group expects advertising revenue to continue to be under pressure, impacting overall profitability for the fiscal year[82]
东方企控集团(00018) - 2023 - 中期财报