Financial Performance - The Group recorded a total revenue of approximately HK$161 million for the Period, a decrease from approximately HK$166 million in 2021[90]. - The revenue for the financial services business was approximately HK$5 million for the Period, a decrease from approximately HK$10 million in 2021, primarily due to a decline in the value and volume of transactions in securities brokerage[55][56]. - Rental income from investment properties was approximately HK$29 million, down from approximately HK$34 million in 2021, with a fair value loss of approximately HK$9 million compared to a gain of approximately HK$129 million in 2021[85]. - The Group incurred a loss of approximately HK$4 million for the Period, significantly improved from a loss of approximately HK$130 million in 2021[89]. - Revenue from money lending, asset management, and securities brokerage decreased by approximately HK$25 million, attributed to a decline in loan receivables and transaction volumes[96]. Investment Activities - A fair value loss of approximately HK$68 million was recorded in the securities investment business during the Period, an improvement from a fair value loss of approximately HK$116 million in 2021[81]. - The Group's investment portfolio included various securities such as listed and unlisted equity securities, unlisted funds, and unlisted debts[81]. - Approximately HK$15 million and HK$30 million of the fair value loss were related to investments in Riverwood Multi-Growth Fund and Tisé Opportunities SPC, respectively[82]. - The Group's investment in Riverwood Fund was redeemed for approximately HK$45 million, resulting in a fair value gain of approximately HK$1 million, with a further fair value loss adjustment of approximately HK$16 million as of September 30, 2022[84]. - The Group recognized a fair value loss of approximately HK$9 million for investment properties, a significant decrease from a gain of approximately HK$129 million in the previous year[146]. Operational Challenges - The Hong Kong economy remained vulnerable due to uneven recovery across sectors, high inflation, and ongoing COVID-19 impacts[44]. - The Group faced challenges from geopolitical tensions and supply chain disruptions, impacting overall business activities[44]. - The construction industry in Hong Kong was affected by COVID-19, but the Group managed to adapt and maintain rental income growth[45]. - The Group's response to COVID-19 included deep cleaning and sanitization of facilities to ensure employee safety[47]. - The Group maintained operations during COVID-19 by implementing precautionary measures, including remote work arrangements and daily COVID-19 testing for employees[47]. Business Strategy - The Group continues to pursue a long-term business strategy of diversifying into financial services, property development, and construction machinery[49]. - The Group's principal activities include securities investment, financial services, asset management, and property leasing, among others[49]. - The Group's focus on government infrastructure projects helped mitigate some of the adverse effects of the pandemic[45]. Financial Position - As of September 30, 2022, the Group's current assets were approximately HK$2,231 million, a decrease from HK$2,266 million as of March 31, 2022[184]. - The Group's current liabilities were approximately HK$2,179 million as of September 30, 2022, down from HK$2,451 million as of March 31, 2022[185]. - Total borrowings decreased to HK$2,709 million as of September 30, 2022, from HK$2,981 million as of March 31, 2022[191]. - The net debts of the Group were HK$2,368 million as of September 30, 2022, compared to HK$2,765 million as of March 31, 2022[191]. - The total equity of the Group was HK$2,696 million as of September 30, 2022, down from HK$2,827 million as of March 31, 2022[191]. Shareholding and Fair Value - The company reported a fair value loss of HK$21 million for the period ending September 30, 2022, representing a 1.97% impact on total assets[103]. - The fair value of financial assets at fair value through profit or loss was reported as HK$522 million as of September 30, 2022[102]. - The company’s shareholding percentage decreased from 15.86% to 14.34% for Bank of Qingdao Company Limited between March 31, 2022, and September 30, 2022[103]. - The company experienced a fair value gain of HK$13 million for the period ending September 30, 2022, which was a 0.22% increase in total assets[103]. - Approximately 98% of the Group's borrowings are secured by investment properties, corporate note receivables, property, plant and equipment, financial assets, and bank deposits[196][197].
信铭生命科技(00474) - 2023 - 中期财报