Financial Performance - For the six months ended June 30, 2022, the Group reported revenue of HK$365,628,000, an increase of 3.1% from HK$352,522,000 in the same period of 2021[12]. - Gross profit for the same period was HK$13,106,000, compared to HK$16,130,000 in 2021, reflecting a decrease of 18.7%[12]. - Operating profit from continuing operations was HK$12,993,000, a significant recovery from a loss of HK$23,319,000 in the prior year[12]. - Profit for the period from continuing operations was HK$11,803,000, compared to a loss of HK$23,056,000 in the same period of 2021[12]. - The total profit before tax from continuing operations was HK$10,478,000, compared to a loss of HK$25,059,000 in the previous year[12]. - The profit for the period from continuing operations is HK$11,803,000, compared to a loss of HK$14,383,000 in the same period last year[14]. - The basic and diluted earnings per share attributable to owners of the Company from continuing operations is HK$0.98 cents, a significant improvement from a loss of HK(1.91) cents in the previous year[14]. - Total comprehensive expenses for the period amounted to HK$1,176,000, compared to HK$6,937,000 in the same period last year[15]. Expenses and Costs - The Group incurred administrative expenses of HK$12,708,000, down from HK$32,413,000 in the previous year, indicating a reduction of 60.8%[12]. - The Group's finance costs increased to HK$2,515,000 from HK$1,740,000, representing a rise of 44.6%[12]. - Fair value loss on investment properties was HK$3,471,000, slightly improved from HK$3,683,000 in the same period last year[12]. Cash Flow and Liquidity - The Group's cash flow management remains a focus, with ongoing efforts to optimize operational efficiency and reduce costs[12]. - The net current liabilities improved to HK$(55,731,000) from HK$(87,493,000) at the end of the previous year[17]. - Current liabilities decreased to HK$248,134,000 from HK$278,582,000 at the end of the previous year, indicating improved liquidity[18]. - The cash and bank balances increased to HK$116,183,000 from HK$114,006,000 at the end of the previous year[17]. - The company recorded a net increase in cash and cash equivalents of HK$3,074,000, compared to HK$32,920,000 in the prior year[28]. - Cash and cash equivalents at the end of the period stood at HK$116,118,000, up from HK$39,695,000 a year earlier[28]. - The company’s cash flow from financing activities resulted in a net outflow of HK$15,595,000, contrasting with a net inflow of HK$47,069,000 in the prior year[26]. Assets and Equity - Non-current assets increased to HK$201,283,000 from HK$236,970,000 at the end of the previous year[17]. - The total equity of the Company is HK$81,739,000, slightly down from HK$82,915,000 at the end of the previous year[18]. - The Company reported a loss of HK$249,225,000 accumulated as of June 30, 2022, reflecting ongoing financial challenges[20]. - The total equity attributable to owners of the company decreased to HK$81,739,000 from HK$82,915,000 at the beginning of the year[20]. Strategic Outlook - Future outlook includes potential market expansion and strategic initiatives to enhance product offerings and technological advancements[12]. - The Group aims to further develop its property management services business segment to generate stable income and operating cash flows[31]. - The company is exploring market expansion opportunities in securities investments, aiming to diversify its portfolio[151]. - Future outlook includes strategic initiatives to improve operational efficiency and reduce losses from continuing operations[135]. Segment Performance - For the six months ended June 30, 2022, total revenue and investment income amounted to HK$365,628,000, with segment revenues from property investment and development at HK$2,381,000 and property management services at HK$7,717,000[40]. - The coal mining segment generated revenue of HK$353,513,000, contributing significantly to the overall performance of the group[40]. - The securities investments segment reported an investment income of HK$2,017,000, indicating ongoing engagement in listed securities[40]. - The property management services segment achieved a profit of HK$5,685,000, reflecting effective management and service delivery[40]. - The group has seven reportable segments, including property investment and development, property management services, securities investments, trading of mineral concentrates, coal mining, and others[36]. Financial Reporting and Compliance - The unaudited condensed consolidated financial statements have been prepared under the historical cost convention, except for investment properties and equity investments measured at fair value[32]. - The accounting policies adopted are consistent with those used in the preparation of the Group's annual financial statements for the year ended December 31, 2021, with some amendments effective from January 1, 2022[34]. - The financial statements are presented in HK$ and all values are rounded to the nearest thousand[32]. - The directors believe the Group will be able to finance its operations and meet its financial obligations as they fall due[32].
新华联资本(00758) - 2022 - 中期财报