Revenue Performance - For the six months ended 30 June 2022, the Group reported revenue of approximately HK$18.4 million, representing a decrease of approximately 59.8% compared to HK$45.8 million for the same period in 2021[4]. - The Group recorded revenue of approximately HK$18.4 million from its Financial Services Business for the six months ended June 30, 2022, down from approximately HK$45.8 million for the same period in 2021[45]. - Revenue from contracts with customers for the six months ended June 30, 2022, was HK$17,703,000, a decrease of 59.3% compared to HK$43,478,000 for the same period in 2021[159]. - Revenue from EAM services for the six months ended June 30, 2022, was approximately HK$12.1 million, a decline of 48.7% from HK$23.6 million for the same period in 2021[50]. - Revenue generated from fund management services during the six months ended June 30, 2022, amounted to approximately HK$5.3 million, down 66.7% from HK$15.9 million for the same period in 2021[52]. - Financial advisory and consultancy fee income fell to HK$304,000, down 77.0% from HK$1,319,000 in the same period last year[161]. - Fund management service income for the six months ended June 30, 2022, was HK$5,251,000, down 66.9% from HK$15,904,000 in the prior year[161]. - The Media segment reported no revenue for the six months ended June 30, 2022, compared to HK$64,928,000 for the same period in 2021[184]. Loss and Financial Position - The Group's loss for the period attributable to owners was approximately HK$25.3 million, a decrease from HK$52.9 million in the same period of 2021[10]. - The loss for the period attributable to owners of the Company was approximately HK$25,274,000 for the six months ended June 30, 2022, a decrease from HK$52,864,000 in 2021[191]. - Loss before tax from continuing operations was HK$25,535,000, improved from a loss of HK$35,262,000 in the prior year[117]. - The Group recorded a net unrealized loss on financial assets at fair value through profit or loss of approximately HK$1.9 million for the six months ended June 30, 2022, compared to a net unrealized gain of approximately HK$0.7 million for the same period in 2021[82]. - The accumulated losses increased to HK$742,518,000 as of June 30, 2022, compared to HK$717,597,000 at the beginning of the year[125]. - The total current assets decreased to HK$248,855,000 from HK$293,396,000, a decline of 15.1%[121]. - Net assets decreased to HK$177,095,000 from HK$202,369,000, a decline of 12.5%[124]. Expenditure and Cost Management - Staff expenditure decreased by approximately HK$17.0 million to approximately HK$12.6 million, representing a decrease of approximately 57.4% compared to HK$29.6 million in the same period of 2021[11]. - Employee benefit expenses, excluding directors' remuneration, decreased to HK$9,502,000 in 2022 from HK$23,421,000 in 2021, reflecting a 59.5% reduction[169]. - Other operating expenses from continuing operations totaled HK$6,267,000 for the six months ended June 30, 2022, down from HK$12,602,000 in 2021, a decrease of 50.3%[172]. - Finance costs for the six months ended June 30, 2022, were HK$4,577,000, compared to HK$5,789,000 in 2021, representing a 20.9% decrease[180]. Investment and Financial Resources - The gross proceeds from the Share Subscription were approximately HK$61.6 million, with net proceeds also approximately HK$61.6 million after deducting applicable costs[22]. - The Group's liquidity and financial resources were strengthened through the Share Subscription, which aimed to broaden the shareholder base without incurring additional finance costs[18]. - As of June 30, 2022, the Group's cash and cash equivalents amounted to approximately HK$137.2 million, a decrease from approximately HK$147.4 million as of December 31, 2021[25]. - The Group's total indebtedness increased to approximately HK$117.0 million as of June 30, 2022, compared to approximately HK$97.8 million as of December 31, 2021, with a gearing ratio of 66.1%[27]. - The Group's total assets were approximately HK$314.2 million as of June 30, 2022, down from approximately HK$342.0 million as of December 31, 2021[28]. Market Conditions and Strategic Adjustments - The decrease in revenue was primarily due to unfavorable macroeconomic conditions, including potential increases in interest rates and geopolitical tensions, which reduced investors' risk appetite and transaction frequency[5]. - The overall business environment is expected to remain challenging due to the ongoing COVID-19 pandemic, prompting the Group to strategically streamline resource allocation among business segments[87]. - The Group continues to review and adjust its strategies for the Financial Services Business to achieve corporate goals and plans for future development[43]. - The Group is exploring new opportunities in emerging financial markets to further develop its Financial Services Business[75]. Discontinued Operations - The company discontinued its media business operations as of November 1, 2021, following the early termination of the advertising agreement with Citybus Limited and New World First Bus Services Limited[136]. - The Media segment was terminated during the year ended December 31, 2021, and is classified as a discontinued operation[156]. - The loss for the period from discontinued operations was HK$18,364,000 in 2021, with no losses reported for 2022[184]. Auditor and Compliance - Ernst & Young resigned as the external auditor on July 22, 2022, and Baker Tilly Hong Kong Limited was appointed to fill the vacancy[89]. - The independent auditor's review report included a qualified conclusion regarding the carrying values of the Group's interest in the private equity fund[88]. - The Group has not provided sufficient and appropriate additional information regarding the operations and financial position of the issuers for management's assessment[109].
贝森金融(00888) - 2022 - 中期财报