Financial Performance - Revenue for the six months ended December 31, 2021, was HKD 5,205,000, a significant decrease from HKD 196,374,000 in the same period of 2020, representing a decline of approximately 97.4%[8] - The gross profit for the same period was HKD 4,001,000, down from HKD 7,607,000, indicating a decrease of about 47.5%[8] - The company reported a loss attributable to equity holders of HKD 39,707,000, compared to a loss of HKD 23,447,000 in the previous year, reflecting an increase in loss of approximately 69.2%[8] - The total comprehensive loss for the period was HKD 40,399,000, compared to a gain of HKD 5,727,000 in the prior period[10] - The company reported a pre-tax loss of HKD 23,996,000 for the six months ended December 31, 2021, compared to a loss of HKD 23,447,000 in the previous year[43] - The company reported a net loss of HKD 23,996,000 for the six months ended December 31, 2021, after tax expenses of HKD 707,000[53] - The company reported a loss of HKD (39,707,000) for the period, compared to a loss of HKD (23,447,000) in the previous year[34] - The group confirmed a net gain of HKD 999,000 from the sale of financial assets at fair value for the six months ended December 31, 2021, compared to HKD 220,000 for the same period in 2020[118] Assets and Liabilities - The net asset value as of December 31, 2021, was HKD 1,008,349,000, down from HKD 1,048,748,000 as of June 30, 2021, indicating a decrease of about 3.9%[12] - The company’s total liabilities increased to HKD 523,803,000 from HKD 503,956,000, representing an increase of approximately 3.6%[11] - The total assets as of December 31, 2021, amounted to HKD 1,633,669,000, while total liabilities were HKD (625,320,000)[34] - As of December 31, 2021, the group's current assets were HKD 1,260,786,000 and current liabilities were HKD 523,803,000, resulting in a current ratio of approximately 2.4 times[129] - The total equity and total bank and other borrowings as of December 31, 2021, were HKD 1,008,349,000 and HKD 279,347,000, respectively, with a debt-to-equity ratio of approximately 28%[129] Cash Flow and Financing - The company’s cash and cash equivalents stood at HKD 94,484,000, compared to HKD 72,022,000 as of June 30, 2021, showing an increase of about 31.1%[11] - The net cash used in operating activities was HKD (7,757,000), an improvement from HKD (11,960,000) in the previous year[19] - The company incurred interest expenses of HKD 2,805,000 for the six months ended December 31, 2021, down from HKD 6,356,000 in the same period of 2020[48] - The company’s financing costs were HKD 2,807,000, a slight decrease from HKD 3,076,000 in the previous year, indicating a reduction of approximately 8.8%[8] - The group has a total of HKD 262,190,000 in bank and other borrowings as of December 31, 2021, down from HKD 272,190,000 as of June 30, 2021[138] Investment Properties - The company recorded a net decrease in the fair value of investment properties of HKD 15,500,000 for the period, compared to a decrease of HKD 34,700,000 in the previous year[8] - The fair value of investment properties as of December 31, 2021, was HKD 301,200,000, a decrease from HKD 316,700,000 as of June 30, 2021[107] - The fair value loss of investment properties amounted to HKD 15,500,000 for the six months ended December 31, 2021, down from HKD 34,700,000 in the same period of 2020[121] - The investment segment reported a loss of HKD (11,345,000) for the period, while the property investment segment generated revenue of HKD 2,196,000[32] Administrative and Employee Costs - The company’s administrative expenses increased to HKD 12,199,000 from HKD 9,446,000, reflecting an increase of about 29.4%[8] - The total employee cost for the six months ended December 31, 2021, was HKD 4,310,000, slightly lower than HKD 4,401,000 in the previous year[50] - Total employee costs, including directors' remuneration, amounted to HKD 4,310,000 for the six months ended December 31, 2021, compared to HKD 4,401,000 in 2020, reflecting a decrease of approximately 2.07%[146] Corporate Governance and Compliance - The board is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions of the corporate governance code during the reporting period, except for specific deviations noted[159] - The company has applied for a waiver to extend the compliance deadline for having at least three independent non-executive directors until June 6, 2022[150] - The company has adopted the standard code of conduct for securities trading as per Appendix 10 of the listing rules, and all directors confirmed compliance during the six-month period ending December 31, 2021[165] Future Outlook and Strategy - The group plans to strengthen internal control and risk management mechanisms while seeking opportunities for development in 2022[114] - The group aims for quality development amidst global economic uncertainties and challenges in the second half of 2021[114] - The company anticipates that property development will be completed within one year as of December 31, 2021[60]
诺科达科技(00519) - 2022 - 中期财报