Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 246,388,000, a decrease of 44.8% compared to HKD 445,916,000 in the same period last year[4]. - Gross profit for the same period was HKD 14,316,000, down 65.9% from HKD 42,018,000 year-on-year[4]. - The company recorded a loss before tax of HKD 43,625,000, compared to a profit of HKD 12,865,000 in the previous year[4]. - The net loss for the period was HKD 45,480,000, a significant decline from a profit of HKD 9,385,000 in the prior year[4]. - Basic loss per share for the period was HKD 13.65, compared to earnings of HKD 2.80 per share in the previous year[8]. - The company reported a net loss of HKD 45,480,000 for the six months ended September 30, 2022, compared to a profit of HKD 9,385,000 in the same period last year[15]. - The net loss for the six months ended September 30, 2022, was HKD 45.5 million, a significant decline from a net profit of HKD 9.4 million in the previous year, resulting in a net profit margin drop from 2.1% to -18.5%[71]. - Gross profit fell by 66% to HKD 14.3 million, with the gross profit margin decreasing from 9.4% to 5.8% due to increased material costs and transportation delays[71]. Assets and Liabilities - Total assets as of September 30, 2022, were HKD 1,804,970,000, down from HKD 1,822,540,000 as of March 31, 2022[10]. - Current assets decreased to HKD 743,310,000 from HKD 822,890,000, reflecting a reduction in inventory and trade receivables[10]. - The company’s total liabilities decreased to HKD 794,284,000 from HKD 859,443,000, reflecting improved financial management[13]. - The company’s total assets as of September 30, 2022, amounted to HKD 1,010,686,000, a decrease from HKD 1,140,427,000 at the end of the previous period[15]. - The group’s trade payables amounted to HKD 46.148 million as of September 30, 2022, compared to HKD 82.530 million as of March 31, 2022[55]. Cash Flow and Investments - Operating cash flow before changes in working capital was negative HKD 13,170,000, a significant decline from positive HKD 2,891,000 in the previous year[17]. - Cash and cash equivalents decreased by HKD 47,807,000, compared to a decrease of HKD 130,286,000 in the prior year[19]. - The company’s cash flow from operating activities was positive at HKD 69,199,000, compared to a negative cash flow of HKD 66,706,000 in the previous year[17]. - The company invested approximately HKD 4.1 million in fixed assets for expanding and upgrading manufacturing facilities for the six months ended September 30, 2022, compared to HKD 5.8 million in the same period of 2021[78]. Inventory and Trade Receivables - The company reported a significant decrease in inventory, which fell to HKD 60,409,000 from HKD 95,494,000 year-on-year[10]. - Trade receivables also decreased to HKD 89,743,000 from HKD 165,587,000, indicating a tighter cash flow situation[10]. - Trade receivables from product sales amounted to HKD 90.074 million as of September 30, 2022, down from HKD 165.973 million as of March 31, 2022[53]. - Trade receivables decreased by HKD 192.3 million to HKD 89.7 million, with trade receivables turnover days improving from 115 to 66 days[77]. Segment Performance - For the six months ended September 30, 2022, the total revenue from the segments was HKD 246,388,000, with Europe contributing HKD 48,329,000, the Americas HKD 161,728,000, Asia HKD 31,563,000, and other regions HKD 4,768,000[30]. - The total segment loss for the same period was HKD 19,043,000, with the Americas reporting the highest loss of HKD 12,500,000[30]. Corporate Governance and Shareholder Information - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules, except for a vacancy in the company secretary position[99]. - Major shareholders include Credit Suisse Trust Limited holding approximately 46.34% of the company's shares as of September 30, 2022[93]. - The company has no significant changes in the board of directors during the six months ended September 30, 2022, except for the appointment of a new independent non-executive director[100]. Employee and Operational Information - As of September 30, 2022, the company employed about 1,680 employees, a decrease from 2,180 employees in 2021[80]. - The remuneration paid to directors during the interim period was HKD 4.521 million, compared to HKD 5.688 million for the six months ended September 30, 2021[58]. - The group plans to focus on strict cost control and operational streamlining to improve efficiency amid a challenging business environment[74]. - The group aims to seek growth opportunities through new customers and product categories, particularly in the online sales channels in mainland China[74]. Other Financial Information - The company did not declare an interim dividend for the six months ended September 30, 2022, compared to HKD 0.08 per share in the previous year[45]. - The company paid dividends of HKD 6,661,000 during the period, a decrease from HKD 77,091,000 in the previous year[19]. - The group recognized an impairment loss of HKD 24.879 million due to business performance being below management's expectations, with no impairment loss recorded for the six months ended September 30, 2021[50]. - The fair value of investment properties increased by HKD 1,517,000 during the period, compared to an increase of HKD 13,960,000 in the previous year[47].
亚伦国际(00684) - 2023 - 中期财报