Financial Performance - Revenue for the twelve months ended September 30, 2022, was HKD 689,926,000, an increase of 30.6% from HKD 528,559,000 in the previous year[5] - Gross profit for the same period was HKD 163,433,000, up 24.2% from HKD 131,508,000 year-over-year[5] - The company reported a profit of HKD 41,899,000 for the period, a significant recovery from a loss of HKD 359,353,000 in the previous year[5] - Basic earnings per share for the current period was HKD 0.46, compared to a loss per share of HKD 4.51 in the previous year[5] - The adjusted profit before tax for the total group was HKD 39,173 thousand, a recovery from a loss of HKD 356,209 thousand in the previous year[40][44] - The company reported a basic loss attributable to ordinary equity holders of HKD 37,821,000 for the twelve months ended September 30, 2022, compared to a loss of HKD 349,589,000 for the previous year, indicating a significant improvement[83] - The company’s diluted loss per share was HKD 60,075,000 for the current period, compared to a diluted loss of HKD 390,986,000 for the previous year, showing a notable reduction in losses[83] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 3,989,407,000, compared to HKD 3,804,068,000 in the previous year, reflecting a growth of 4.9%[14] - Current liabilities decreased to HKD 577,931,000 from HKD 1,277,595,000, indicating improved liquidity management[14] - The company's net assets increased to HKD 3,904,979,000 from HKD 3,639,582,000, representing a growth of 7.3% year-over-year[14] - The company’s total liabilities as of September 30, 2022, were HKD 3,639,582 thousand, reflecting an increase from the previous year[20] - The company’s accounts payable increased to HKD 116,564,000 as of September 30, 2022, compared to HKD 82,735,000 the previous year, reflecting a rise of approximately 40.9%[105] Cash Flow and Investments - The net cash flow used in operating activities for the twelve months ended September 30, 2022, was HKD (281,727) thousand, compared to HKD (7,127) thousand for the previous year[26] - The company recorded a net cash outflow from investing activities of HKD (96,548) thousand for the twelve months ended September 30, 2022[28] - The cash and cash equivalents at the end of the period were HKD 135,443 thousand, down from HKD 150,053 thousand at the end of the previous year[28] - The company’s non-current assets included investments in non-listed companies totaling HKD 1,100,758,000 as of September 30, 2022, up from HKD 1,003,844,000 the previous year, reflecting a growth of approximately 9.7%[86] - The company’s loans receivable, net of impairment, stood at HKD 766,041,000 as of September 30, 2022, slightly up from HKD 765,686,000 the previous year[96] Market Expansion and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5] - The company plans to expand its market presence, particularly in mainland China, where it generated HKD 429,626 thousand in total customer contract revenue[51] - The company aims to launch new products in the upcoming fiscal year to drive revenue growth[20] - The company expects to continue its market expansion and product development strategies in the upcoming fiscal year[64] - The company has initiated a strategy to acquire complementary businesses to strengthen its market position[20] Revenue Segmentation - The revenue from the Mobility Technology Solutions segment was HKD 185,579 thousand, up from HKD 104,845 thousand, indicating a year-over-year increase of about 77.1%[49] - The Jewelry Products, Watches, and Other Goods segment generated revenue of HKD 465,899 thousand, compared to HKD 377,246 thousand in the prior year, reflecting a growth of approximately 23.4%[49] - Total customer contract revenue reached HKD 482,091 thousand, with HKD 104,845 thousand from automotive services and HKD 377,246 thousand from jewelry products[58] - Revenue from the Chinese mainland amounted to HKD 344,012 thousand, while Hong Kong contributed HKD 83,689 thousand[62] Financial Instruments and Fair Value - The fair value of financial instruments is assessed to be reasonably close to their carrying amounts due to their short maturity periods[124] - The company’s financial instruments include various valuation methods, such as scenario analysis and option pricing models, to determine fair values[127] - The fair value of non-listed investments in preferred shares increased by HKD 1,277,000 due to a 1% rise in the risk-free rate[133] - The fair value of non-listed investments in convertible bonds decreased by HKD 2,170,000 with a 1% increase in the risk-free rate[133] - The total fair value of financial assets measured at fair value was HKD 1,150,993, while the total for the previous year was HKD 1,003,844[133] Industry Trends - In the first nine months of 2022, China's new energy vehicle sales accounted for 62% of global sales, with cumulative sales of pure electric vehicles increasing by 98.2% to approximately 3 million units[191] - Global sales of pure electric vehicles reached 2 million units in Q3 2022, a 75% increase year-over-year, with projections indicating a rise to 13% of total global light vehicle sales in 2022[190] - The global luxury car market is projected to grow from approximately $15 million units in 2021 to a compound annual growth rate of 8% to 14% by 2031[196] - The global automotive engineering services outsourcing market is expected to reach $74 billion in 2022, with a projected compound annual growth rate of 20.5% from 2022 to 2032[197] - The China Passenger Car Association has raised its 2022 forecast for new energy vehicle sales to approximately 6.5 million units, reflecting strong market growth[191]
APOLLO出行(00860) - 2022 - 中期财报