Financial Performance - Revenue for the six months ended September 30, 2022, was HK$87,203,000, a decrease of 66.4% compared to HK$259,170,000 in the same period of 2021[10]. - Gross profit for the period was HK$3,551,000, down from HK$40,913,000, reflecting a significant decline in profitability[10]. - Loss before taxation was HK$36,021,000, compared to a profit of HK$34,805,000 in the previous year[10]. - The loss attributable to owners of the company was HK$10,541,000, compared to a loss of HK$5,942,000 in the same period last year[11]. - Total comprehensive expense for the period was HK$23,701,000, a significant increase from HK$1,004,000 in the prior year[11]. - The Group reported a loss for the period of HK$34,805,000 for the six months ended September 30, 2022, compared to a profit of HK$18,042,000 in 2021, marking a shift of 292.5%[94]. - No interim dividend was declared for the reporting period, consistent with the previous year where no dividend was paid[98]. Assets and Liabilities - Non-current assets increased to HK$954,254,000 as of September 30, 2022, from HK$777,404,000 as of March 31, 2022[13]. - Current liabilities decreased to HK$2,010,838,000 from HK$2,251,927,000, indicating improved management of short-term obligations[13]. - The net assets decreased to HK$696,368 thousand from HK$720,069 thousand, representing a decline of approximately 3.3%[14]. - Total assets less current liabilities increased to HK$927,314 thousand from HK$907,924 thousand, reflecting a growth of approximately 2.1%[14]. - Non-current liabilities, including borrowings and lease liabilities, rose to HK$230,946 thousand, up from HK$187,855 thousand, indicating an increase of about 22.9%[14]. - The Group's total non-current assets as of September 30, 2022, were HK$731,069,000, compared to HK$493,374,000 as of March 31, 2022, reflecting an increase of 48.2%[80]. - The total amount of completed properties held for sale and properties under development for sale is HK$1,601,135,000, compared to HK$1,802,459,000 as of 31 March 2022, representing a decrease of approximately 11.2%[141]. Cash Flow - For the six months ended September 30, 2022, cash flows from operating activities showed a net cash outflow of HK$ (15,061) thousand compared to an inflow of HK$ 23,218 thousand in the same period of 2021[30]. - Cash used in investing activities was HK$ (241,106) thousand, a significant increase from HK$ (61,800) thousand in the previous year, indicating a higher investment outflow[30]. - The company reported a net decrease in cash and cash equivalents of HK$232,200,000 for the six months ended September 30, 2022, compared to a decrease of HK$55,207,000 in the prior year[32]. - Cash and cash equivalents at the end of the period were HK$288,584,000, down from HK$584,197,000 at the end of the same period in 2021[32]. - The company reported cash and bank balances of HK$288,584,000, a decrease from HK$522,507,000 as of March 31, 2022[13]. Revenue Breakdown - The Group reported revenue from property sales of HK$33,627,000 for the six months ended September 30, 2022, a decrease of 86.8% compared to HK$254,505,000 in the same period of 2021[55]. - Revenue from international business settlement services was HK$0 for the current period, down from HK$4,412,000 in the previous year[55]. - Sales of contact lenses increased significantly to HK$26,376,000 from HK$232,000, marking a substantial growth[55]. - Revenue from leasing and trading of computer equipment was HK$27,200,000, compared to HK$259,149,000 in the prior year, indicating a decline[55]. - Financing service income was reported as HK$0 for the current period, down from HK$259,170,000 in the previous year[55]. Management and Strategy - The Directors believe the Group will have sufficient financial resources to meet its working capital requirements in the foreseeable future[54]. - The Group will actively negotiate with financial institutions for the renewal of borrowings to secure necessary funds[54]. - The company continues to focus on enhancing its manufacturing production and management capabilities through investments in technology and infrastructure[108]. Impairment and Credit Risk - The Group recognized a full impairment loss of RMB 36,808,000 (approximately HK$ 44,773,000) for the International Business Settlement Segment due to a recoverable amount determined to be nil[110]. - The Group's management considers the credit risk associated with trade and other receivables to be minimal, with a general provision for impairment loss recognized[153]. - The loss allowance for trade receivables was HK$330,000 as of 30 September 2022, compared to HK$135,000 as of 31 March 2022, reflecting an increase in credit risk management[144]. Shareholder Information - As of September 30, 2022, the total number of issued and fully paid ordinary shares is 20,319,072,320[196]. - The authorized ordinary shares amount to 498,000,000,000, with non-voting convertible preference shares totaling 2,000,000,000[196]. - The contributed surplus of the Group reflects the difference between the nominal value of shares and share premium, adjusted for dividends and capital reductions[197].
国际商业结算(00147) - 2023 - 中期财报