Financial Performance - For the six months ended December 31, 2021, the company reported a revenue of HK$8,256,000, a decrease from HK$29,175,000 in the same period of 2020, representing a decline of approximately 71.7%[10] - The gross loss for the period was HK$22,668,000, compared to a gross profit of HK$5,197,000 in the previous year, indicating a significant deterioration in profitability[10] - The total comprehensive loss for the period was HK$82,063,000, which includes a loss attributable to owners of the company of HK$72,346,000[12] - The loss per share attributable to owners of the company was HK(0.46) cent, compared to HK(0.16) cent in the prior year, reflecting a worsening financial performance[12] - The company reported a comprehensive loss for the period of HK$82,063,000, compared to a loss of HK$72,346,000 in the previous period[22] - The company reported a loss before taxation of HK$72,544,000 for the period, highlighting ongoing financial difficulties[128] - The loss attributable to owners of the Company for the six months ended 31 December 2021 was HK$72,346,000, compared to HK$24,444,000 for the same period in 2020[181] - The loss from continuing operations for the six months ended 31 December 2021 was HK$72,346,000, compared to HK$22,114,000 for the same period in 2020[181] Assets and Liabilities - As of December 31, 2021, total non-current assets amounted to HK$383,235,000, down from HK$460,658,000 as of June 30, 2021, indicating a decrease of approximately 16.8%[14] - Current assets totaled HK$469,271,000, a decrease from HK$539,796,000 in the previous period, representing a decline of about 13.0%[14] - The company's total current liabilities were HK$78,523,000, down from HK$142,279,000, showing a reduction of approximately 44.8%[14] - Net current assets stood at HK$390,748,000, slightly down from HK$397,517,000, indicating a marginal decrease of about 1.9%[14] - As of December 31, 2021, the net assets of the company were HK$720,846,000, a decrease from HK$802,909,000 as of June 30, 2021, representing a decline of approximately 10.2%[17] - The total non-current liabilities amounted to HK$52,960,000, slightly down from HK$55,266,000 as of June 30, 2021, indicating a reduction of about 4.2%[17] - The consolidated total assets as of December 31, 2021, were HK$852,506,000, down from HK$1,000,454,000 as of June 30, 2021[138] - Total segment liabilities amounted to HK$131,660,000, a decrease from HK$197,545,000 in the previous period[138] Cash Flow - For the six months ended December 31, 2021, the company generated net cash from operating activities of HK$58,197,000, compared to a cash outflow of HK$13,123,000 in the same period of 2020[26] - The company reported a net decrease in cash and cash equivalents of HK$148,853,000 for the six months ended December 31, 2021, compared to a decrease of HK$19,586,000 in the prior year[26] - Cash and cash equivalents at the end of the period were HK$200,543,000, down from HK$337,264,000 at the end of December 2020, reflecting a decline of approximately 40.5%[26] Segment Information - The Group has four reportable segments: hotel hospitality, money lending services, trading and distribution of liquor and wine, and investments in listed securities and funds[124] - Total segment revenue for the six months ended December 31, 2021, was HK$29,175,000, a significant increase from HK$13,156,000 in the same period of 2020[128] - The hotel hospitality business reported a segment revenue of HK$8,256,000, while the money lending services generated HK$1,629,000[128] - The liquor and wine segment experienced a revenue of HK$18,951,000, indicating a substantial growth compared to previous periods[128] - Total segment loss for the six months was HK$61,128,000, compared to a loss of HK$5,764,000 in the prior year[128] - Unallocated corporate income and expenses netted a loss of HK$9,915,000, contributing to the overall financial performance[128] Accounting Policies and Standards - The company has not adopted any new HKFRSs that have been issued but are not yet effective, maintaining consistency in accounting policies[31] - The Group adopted new/revised Hong Kong Financial Reporting Standards (HKFRSs) effective from July 1, 2021, with no significant impact on the condensed consolidated financial statements[37] - The Group's financial reporting is aligned with the latest HKFRSs to ensure compliance and accuracy in financial statements[40] - The amendments to HKAS 1 clarify that the classification of liabilities as current or non-current is based on rights existing at the end of the reporting period[79] - The amendments to HKFRS Practice Statement 2 provide guidance on applying the concept of materiality to accounting policy disclosures[81] - Companies are required to disclose significant accounting policy information rather than just the significant accounting policies themselves, enhancing transparency[88] Other Financial Information - The company received bank interest income of HK$191,000 during the reporting period[26] - The company received government grants totaling HK$3,663,000, which supported its business operations without any unfulfilled conditions[148] - The total tax credit for the period was HK$198,000, compared to HK$533,000 in the previous year, indicating a reduction in tax benefits[169] - The company did not recommend any interim dividend for the six months ended December 31, 2021, consistent with the previous year[177] - The basic loss per share for the six months ended 31 December 2021 was calculated based on a weighted average number of ordinary shares of 15,695,532[187] - The diluted loss per share was not presented due to the anti-dilutive effect of share options and convertible preference shares[188]
德泰新能源集团(00559) - 2022 - 中期财报