Financial Performance - The group recorded revenue of approximately HKD 164,000, compared to HKD 75,000 in the same period last year, indicating a significant increase[11]. - Revenue for the six months ended June 30, 2022, was HKD 164,418,000, compared to HKD 74,721,000 for the same period in 2021, representing a 119.9% increase[83]. - The loss attributable to owners was approximately HKD 6,579,000, up from HKD 3,259,000 in the previous year, with a basic loss per share of HKD 0.027[11]. - The loss before tax for the six months ended June 30, 2022, was HKD 6,579,484,000, compared to a loss of HKD 3,258,752,000 in the same period of 2021, indicating a 102.5% increase in losses[83]. - Total comprehensive loss for the period was HKD 6,579,925,000, compared to HKD 3,258,958,000 in the previous year, reflecting a 102.5% increase[83]. - Basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.027, compared to HKD 0.014 for the same period in 2021, indicating a 92.9% increase in loss per share[83]. Expenses and Costs - Administrative and other operating expenses were approximately HKD 3,867,000, down from HKD 4,837,000 in the previous year[12]. - Total employee costs for the six months ended June 30, 2022, amounted to HKD 2,421,000, a decrease from HKD 2,637,859 in the previous year[27]. - The company incurred finance costs of HKD 204,962 for the six months ended June 30, 2022, compared to HKD 270,924 in the previous year[134]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 14,669,000,000, down from HKD 19,408,131,000 as of December 31, 2021, representing a decrease of 24.5%[87]. - Net assets attributable to equity holders as of June 30, 2022, were HKD 12,869,411,000, compared to HKD 19,449,336,000 as of December 31, 2021, indicating a decline of 33.8%[87]. - Current liabilities increased to HKD 3,457,296,000 as of June 30, 2022, from HKD 1,677,896,000 as of December 31, 2021, representing a 106.5% increase[87]. - Non-current liabilities decreased to HKD 996,234,000 as of June 30, 2022, from HKD 1,629,542,000 as of December 31, 2021, reflecting a decrease of 38.9%[87]. Cash Flow - Operating cash flow for the period was HKD (841,065) thousand, compared to HKD 2,409,366 thousand in the previous period, indicating a significant decrease[96]. - Net cash used in operating activities was HKD (676,647) thousand, down from HKD 2,484,087 thousand year-over-year[96]. - Cash and cash equivalents as of June 30, 2022, were HKD 1,471,748,000, compared to HKD 1,419,050,000 as of December 31, 2021, showing a slight increase of 3.7%[87]. - The company reported a significant decrease in interest income received, down to HKD 20 thousand from HKD 694 thousand[96]. Investments - The group has no major investments or capital asset agreements signed as of the report date, but will explore potential investment opportunities[34]. - The group’s investment strategy focuses on achieving return growth and capital appreciation through investments in listed equity securities and non-listed debt securities[154]. - The fair value of listed equity securities (excluding suspended securities) was HKD 11,851,276, while suspended securities had a fair value of HKD 1,141,156[119]. Corporate Governance - The company has adopted corporate governance principles that comply with the best interests of the company and its shareholders[66]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ended June 30, 2022[69]. - The company has complied with the corporate governance code provisions during the six months ended June 30, 2022[66]. Shareholder Information - Major shareholder Hong Kong Jintai Feng Group Limited holds 57,950,000 shares, representing 24.10% of the issued share capital as of June 30, 2022[55]. - Sun Oxford Co., Limited, owned by Mr. He Yu, holds 27,800,000 shares, accounting for 11.56% of the issued share capital[55]. - The total number of issued shares as of June 30, 2022, was 240,480,000, unchanged from December 31, 2021[177]. Future Outlook - The management anticipates a challenging global economic environment in the future and will adopt prudent measures to manage existing investments[35]. - The company continues to monitor the impact of the COVID-19 pandemic on its financial performance, which remains uncertain[184].
核心经济投资(00339) - 2022 - 中期财报