Financial Performance - Revenue for the six months ended December 31, 2021, was HKD 15,181,000, a slight decrease of 0.84% compared to HKD 15,310,000 in the same period of 2020[9]. - Gross profit for the same period was HKD 9,865,000, down 4.22% from HKD 10,300,000 year-on-year[9]. - The net loss for the six months ended December 31, 2021, was HKD 69,089,000, significantly higher than the loss of HKD 16,140,000 in the previous year, representing an increase of 328.5%[11]. - The loss attributable to owners of the company was HKD 70,859,000, compared to HKD 15,004,000 in the same period last year[9]. - Total comprehensive loss for the period was HKD 71,964,000, compared to HKD 11,505,000 in the previous year, indicating a substantial increase in losses[11]. - The company reported a basic and diluted loss per share of HKD 12.64 cents, compared to HKD 2.69 cents in the previous year[9]. - The group reported a pre-tax loss of HKD 70,859,000 for the six months ended December 31, 2021, compared to a loss of HKD 15,004,000 in the same period of 2020[56]. Assets and Liabilities - Non-current assets as of December 31, 2021, totaled HKD 1,561,589,000, a decrease from HKD 1,584,051,000 as of June 30, 2021[13]. - Current assets included cash and bank balances of HKD 161,850,000, down from HKD 183,179,000 as of June 30, 2021[13]. - The company's total assets less current liabilities amounted to HKD 1,785,582,000, down from HKD 1,859,680,000[15]. - The equity attributable to owners of the company was HKD 1,772,063,000, a decrease from HKD 1,845,797,000 as of June 30, 2021[15]. - The total equity as of December 31, 2021, was HKD 1,772,063 thousand, compared to HKD 1,788,272 thousand at the end of the previous year, indicating a slight decrease in total equity[19]. Cash Flow - The net cash used in operating activities for the six months ended December 31, 2021, was HKD (4,524) thousand, compared to HKD 1,235 thousand in the same period of 2020, indicating a significant decline[17]. - The net cash used in investing activities decreased to HKD (14,797) thousand from HKD (36,353) thousand year-over-year, showing an improvement in investment cash flow[17]. - The net cash generated from financing activities was HKD 1,878 thousand, down from HKD 18,613 thousand in the previous year, reflecting a reduction in financing activities[17]. - The total cash and cash equivalents at the end of the period stood at HKD 161,850 thousand, a substantial increase from HKD 91,218 thousand at the end of the previous year[17]. - The cash and cash equivalents decreased by HKD 17,443 thousand during the period, compared to a decrease of HKD 16,505 thousand in the same period last year[17]. Segment Information - Reported segment revenue from external customers was HKD 15,181,000 for the six months ended December 31, 2021, a slight decrease from HKD 15,310,000 in the same period of 2020[39]. - The reported segment loss for the period was HKD (54,644,000), compared to a loss of HKD (33,269,000) in the previous year[43]. - Total assets for the reported segments amounted to HKD 1,232,990,000 as of December 31, 2021, compared to HKD 1,224,711,000 in the previous year[39]. Investment and Property Development - The group has 13 commercial and residential properties in Hong Kong, the UK, and Japan for investment purposes, and two commercial properties in Hong Kong for sale[86]. - The group participated in a property development project in the UK during the period[86]. - The group is involved in a property development project in Birmingham, UK, with a site area of 15,800 square feet, expected to be completed in Q1 2022[114]. - The group acquired two serviced apartments in Niseko, Hokkaido, Japan, which are expected to gradually recover rental income starting July 2021 after a drop in occupancy rates exceeding 90% due to COVID-19[127]. Corporate Governance and Management - The company has maintained a high level of corporate governance, adhering to all corporate governance codes during the reporting period[156]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the period, ensuring compliance with applicable accounting standards[159]. - The monthly remuneration for the Chairman and Executive Director, Mr. Pang, has been adjusted from HKD 529,000 to HKD 550,000, effective from January 1, 2022[150]. - The monthly remuneration for the CEO and Company Secretary, Mr. Lee, has been adjusted from HKD 105,000 to HKD 110,000, effective from January 1, 2022[150]. Shareholder Information - The company has a total of 19,248,000 stock options outstanding as of December 31, 2021[138]. - The company’s major shareholder, Pang Weixin, holds 52,109,600 shares, representing approximately 9.29% of the total issued shares[142]. - Pang Weixin also controls 334,641,966 shares, which accounts for approximately 59.67% of the total issued shares[142]. - As of December 31, 2021, the total number of shares held by major shareholders includes 386,751,566 shares, representing approximately 68.96% of the company's issued shares[147].
宏辉集团(00183) - 2022 - 中期财报