Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 81,529,000, a decrease of 47.2% compared to HKD 154,225,000 for the same period in 2021[5] - Gross profit for the same period was HKD 37,047,000, down from HKD 108,244,000, reflecting a significant decline in profitability[5] - The company reported a loss of HKD 66,231,000 for the period, compared to a profit of HKD 29,383,000 in the previous year, indicating a shift in financial performance[5] - Total comprehensive loss for the period was HKD 136,362,000, compared to a comprehensive income of HKD 33,656,000 in the prior year[8] - The company reported a basic and diluted loss per share of HKD 1.78 for the period, compared to earnings of HKD 0.77 in the same period last year[5] - The company reported a loss of HKD 15,633,000 for the six months ended June 30, 2022, compared to a profit of HKD 19,165,000 in the same period of 2021, indicating a shift to negative profitability[156] - The company reported a loss attributable to shareholders of HKD 66,229,000 for the six months ended June 30, 2022, compared to a profit of HKD 29,480,000 in the same period of 2021[194] Assets and Liabilities - Non-current assets as of June 30, 2022, amounted to HKD 2,581,664,000, a slight decrease from HKD 2,653,228,000 at the end of 2021[10] - Current assets totaled HKD 1,156,020,000, showing a marginal increase from HKD 1,148,458,000 as of December 31, 2021[10] - The company's total assets were HKD 3,737,684,000, down from HKD 3,801,686,000 at the end of the previous year[12] - The total equity attributable to owners of the company decreased to HKD 2,052,753,000 from HKD 2,193,442,000[12] - Total assets as of June 30, 2022, amounted to HKD 3,664,992,000, with liabilities totaling HKD 1,690,942,000[167] - The total liabilities reached HKD 1,614,529, with HKD 944,337 from the China segment[169] Cash Flow - The company reported a net cash inflow from operating activities of HKD 109,817,000 for the six months ended June 30, 2022, compared to HKD 200,654,000 in the same period of 2021, representing a decrease of approximately 45%[154] - The net cash outflow from investing activities was HKD 74,154,000 for the six months ended June 30, 2022, compared to an inflow of HKD 49,233,000 in the same period of 2021, indicating a significant shift in investment strategy[154] - The company experienced a net increase in cash and cash equivalents of HKD 26,805,000 for the six months ended June 30, 2022, down from HKD 193,293,000 in the previous year, reflecting a decline of approximately 86%[157] - As of June 30, 2022, the total cash and cash equivalents stood at HKD 71,908,000, a decrease from HKD 254,978,000 at the end of the same period in 2021, indicating a liquidity challenge[157] - The company’s financing activities resulted in a net cash outflow of HKD 8,858,000 for the six months ended June 30, 2022, compared to an outflow of HKD 56,594,000 in the same period of 2021, showing improved cash management[154] Revenue Segments - The property investment segment reported revenue of HKD 18,641,000, while the jewelry products segment generated HKD 39,422,000 in revenue[163] - Revenue from jewelry sales was HKD 39,422,000, down from HKD 40,789,000 in the previous year, reflecting a decline of 3.4%[179] - The group recognized government subsidies related to COVID-19 amounting to HKD 384,000 under the "Employment Support Scheme"[182] Investment and Expenses - The company recorded a depreciation expense of HKD 10,552 for property, plant, and equipment[171] - The total cost of sold inventory was HKD 35,050,000, compared to HKD 38,614,000 in the previous year, showing a reduction[191] - The total cost of property, plant, and equipment acquired during the six months ended June 30, 2022, was HKD 79,971,000, an increase from HKD 73,659,000 in 2021[196] - The impairment loss on property, plant, and equipment recognized in the income statement for the six months ended June 30, 2021, was HKD 3,515,000[196] Accounting and Standards - The group applied new accounting standards effective from January 1, 2022, which did not have a significant impact on the financial statements[161] - The expected credit loss provision for loans was HKD (1,241,000), compared to HKD (4,805,000) in the previous year, indicating an improvement[185] Other Financial Metrics - Interest income from bank deposits was reported at HKD 28,000, contributing to the overall financial performance[163] - The fair value changes of derivative financial instruments resulted in a gain of HKD 3,266[171] - The investment property fair value changes generated a gain of HKD 5,000[171] - The group reported a significant decrease in the fair value of financial assets, with a net loss of HKD (493,000) compared to a gain of HKD 61,930,000 in the previous year[179] - The company did not declare any interim dividends for the six months ended June 30, 2022, consistent with the previous year[192]
永恒策略(00764) - 2022 - 中期财报