Financial Performance - The Group's revenue for the year ended March 31, 2023, was nil, unchanged from the previous year[80]. - The loss attributable to owners of the Company for the year was approximately HK$22,802,000, an increase of approximately HK$2,792,000 or 13.95% compared to the loss of HK$20,010,000 in the previous year[80]. - The net asset value per share as of March 31, 2023, was HK$0.759, down from HK$0.980 in 2022[80]. - As of March 31, 2023, the Group had cash and cash equivalents of approximately HK$3,997,000, a decrease from approximately HK$51,574,000 in 2022[80]. - The Group's net current assets and net assets were approximately HK$225,346,000 and HK$273,676,000, respectively, as of March 31, 2023[80]. - The current ratio was approximately 5.34 as of March 31, 2023, down from 16.52 in 2022[80]. - The gearing ratio as of March 31, 2023, was approximately 16.15%, an increase from 1.20% in 2022[80]. - Total debts amounted to approximately HK$44,185,000 as of March 31, 2023, compared to HK$2,694,000 in 2022[80]. - Administrative and other expenses for the year ended March 31, 2023, were approximately HK$26,132,000, a decrease of approximately HK$10,860,000 or 29.36% from the previous year[71]. - Finance costs for the year ended March 31, 2023, were approximately HK$2,832,000, an increase of approximately HK$560,000 from HK$2,272,000 in 2022[72]. - For the year ended March 31, 2023, the Group's other income was approximately HK$10,331,000, an increase of approximately HK$231,000 or 2.29% compared to approximately HK$10,100,000 for the year ended March 31, 2022[82]. - The net gain on financial assets at fair value through profit or loss for the year ended March 31, 2023, was approximately HK$2,518,000, an increase of approximately HK$17,786,000 or 116.49% compared to a loss of approximately HK$15,268,000 for the year ended March 31, 2022[82]. - Impairment losses under the expected credit loss model recognized for the year ended March 31, 2023, amounted to approximately HK$6,687,000[85]. - Total employee costs, including director remuneration, for the year ended March 31, 2023, were approximately HK$6,048,000, a decrease from approximately HK$17,058,000 in the previous year[85]. Shareholder Information - The Group's reserves available for distribution to shareholders as of March 31, 2023, are approximately HK$222,129,000, an increase from HK$166,301,000 in 2022[31]. - The maximum number of Placing Shares is 492,200,000, representing approximately 20% of the entire issued share capital of the Company[4]. - The net proceeds from the Placing are approximately HK$37.4 million, intended for future investment opportunities, repayment of borrowings, and general working capital[4]. - The gross proceeds from the Rights Issue are approximately HK$127 million, with net proceeds estimated at HK$122 million after expenses[7]. - Approximately HK$100 million from the Rights Issue will be allocated for future investments over the next twelve months, and approximately HK$22 million for general working capital over the next twenty-four months[7]. - The Company does not recommend the payment of dividends for the year[2]. - The Company did not recommend the payment of a dividend for the year ended 31 March 2023[123]. Business Operations - The Group's business nature has not undergone significant changes during the year[2]. - The company has no major customers or suppliers due to its business model focused on investment for capital appreciation[44]. - The Group's principal activities remain focused on investment for short to long-term capital appreciation and investment in both listed and unlisted securities[183]. - The Company continues to focus on identifying future investment opportunities as part of its growth strategy[199]. - The sentiment of capital markets has rapidly changed following the lifting of pandemic restrictions in China, prompting the Company to adopt a more active investment strategy[141]. - The Group aims to implement efficient and compliant internal controls to strengthen its financial situation and provide favorable returns to shareholders[131]. - The Group will maintain a cautious and proactive approach in seeking potential business opportunities in the market[152]. - The Board has reassessed recent market conditions and determined the need for a more active approach in investment strategies[152]. Management and Governance - The Management Discussion and Analysis section provides a detailed review of the Group's performance and future business development[2]. - The Company has maintained excellent relationships with key stakeholders, including bankers and service providers, which are crucial for operational success[27]. - The Company has experienced changes in its board of directors, with several resignations and appointments occurring in 2022 and 2023[102]. - The independent non-executive directors bring diverse experience and expertise to the Board, enhancing governance and strategic oversight[188]. - The company has a diverse board with members holding significant experience in finance, law, and investment management, enhancing its strategic decision-making capabilities[165][166][170][173]. Financial Strategy - The Group's investment strategy will explore more diversified investment opportunities across various industries in the new financial year[131]. - The listed securities held by the Company have made gains this year, and the Company plans to continue holding these securities for medium to long-term appreciation[141]. - The financial results for the year ended 31 March 2023 are detailed in the consolidated statement of profit or loss and other comprehensive income[123]. - The Group's financial performance indicators are detailed in the Annual Report, specifically in the Management Discussion and Analysis section[186]. - The Company has complied with all relevant regulatory requirements during the year under review, including the Listing Rules and the Securities and Futures Ordinance[138]. Capital Structure - The Company underwent a share consolidation in February 2023, consolidating every 10 ordinary shares of HK$0.01 each into 1 consolidated share of HK$0.10 each[107]. - The net proceeds raised from the placing of new shares on 15 September 2022 amounted to approximately HK$37.4 million, intended for future investment opportunities, repayment of borrowings, and general working capital[199]. - Approximately HK$17.4 million of the raised funds is allocated for a commercial bill in the public transport sector, HK$6.0 million for investment in a Hong Kong listed company in the logistics sector, HK$10.0 million for investment in a US dollar-denominated fund, and HK$4.0 million for general working capital[199].
资本界金控(00204) - 2023 - 年度财报