Financial Performance - The company reported a revenue of HK$3,757,000 for the six months ended June 30, 2022, compared to HK$959,000 in the same period of 2021, indicating a significant increase[5]. - The loss before income tax for the period was HK$43,182,000, a decline from a profit of HK$35,149,000 in the previous year[5]. - The total comprehensive loss attributable to owners of the company for the period was HK$43,182,000, compared to a profit of HK$35,149,000 in the same period last year[5]. - Basic and diluted loss per share was HK$6.17, compared to earnings of HK$5.02 per share in the prior year[5]. - The company reported a loss of HK$43,182,000 for the six months ended June 30, 2022, compared to a profit for the same period in 2021[16]. - For the six months ended 30 June 2022, the company reported a loss attributable to owners of HK$43,182,000 compared to a profit of HK$35,149,000 in the same period of 2021[45]. - The loss was primarily due to a change from a gain of approximately HK$45,071,000 in fair value of financial assets at fair value through profit or loss in 2021 to a loss of approximately HK$33,984,000 in 2022[148]. Expenses and Costs - Administrative expenses decreased to HK$9,654,000 from HK$10,322,000 year-over-year, reflecting a reduction in operational costs[5]. - Finance costs totaled HK$391,000 for the six months ended 30 June 2022, down from HK$559,000 in 2021, reflecting a decrease of 30%[38]. - Directors' remuneration increased to HK$4,559,000 in 2022 from HK$3,435,000 in 2021, marking a rise of 32.7%[40]. - Staff costs slightly increased to HK$1,758,000 in 2022 from HK$1,733,000 in 2021, showing a marginal growth of 1.4%[40]. - Total staff costs for the six months ended June 30, 2022, amounted to approximately HK$6,317,000, an increase from approximately HK$5,168,000 for the same period in 2021[175]. Assets and Liabilities - As of June 30, 2022, net current assets decreased to HK$163,655,000 from HK$206,816,000 as of December 31, 2021, representing a decline of approximately 20.8%[12]. - Total equity as of June 30, 2022, was HK$171,031,000, down from HK$214,213,000 at the end of 2021, indicating a decrease of about 20.2%[12]. - The net asset value per share decreased to HK$0.24 as of June 30, 2022, compared to HK$0.31 at the end of 2021, reflecting a decline of approximately 22.6%[12]. - The company’s total liabilities decreased to HK$24,541,000 as of June 30, 2022, from HK$35,905,000 at the end of 2021, indicating a decrease of approximately 31.6%[12]. - The Group's net current assets decreased to approximately HK$163,655,000 as of June 30, 2022, compared to approximately HK$206,816,000 as of December 31, 2021[171]. - The carrying amounts of financial assets and liabilities at amortized cost were not materially different from their fair value as of June 30, 2022, and December 31, 2021[111]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended June 30, 2022, was HK$12,489,000, significantly up from HK$1,614,000 for the same period in 2021, marking an increase of about 671.5%[20]. - Cash and cash equivalents increased to HK$3,754,000 at the end of the reporting period from HK$2,206,000 at the beginning, showing a rise of approximately 70.1%[20]. - The company reported a market value of HK$170,190,000 for its investments as of June 30, 2022, with a total cost of investment amounting to HK$167,537,000, indicating a positive return on investment[122]. - The company holds a 2.91% equity interest in Brockman Mining Limited, with a market value of HK$44,597,000 as of June 30, 2022, compared to a cost of investment of HK$17,933,000, showing a substantial appreciation[122]. - The company is committed to expanding its investment portfolio, focusing on both listed and unlisted securities to enhance overall returns and mitigate risks[126]. Strategic Initiatives - The company is focusing on strategic initiatives to improve financial performance and explore new market opportunities[4]. - The company is actively considering market expansion strategies to enhance its competitive position[4]. - The investment strategy includes making investments in both listed and unlisted financial instruments, with a focus on capital gains and income from dividends or interests[149]. - The Board remains focused on finding and investing in companies with attractive value and strong growth prospects[172]. Market and Economic Conditions - The outlook for 2022 is relatively weak due to geopolitical tensions, rising yields, a strong USD, and record high inflation[172]. - The majority of the Group's investments and business transactions are denominated in Hong Kong dollars, resulting in minimal foreign exchange exposure[171]. Corporate Governance - The audit committee reviewed the 2022 interim report and the condensed consolidated financial statements for the six months ended June 30, 2022[195]. - The Group reported no significant contingent liabilities or commitments at the end of the reporting period[73]. - The Group did not have any material acquisition or disposal of subsidiaries during the six months ended June 30, 2022[172]. Changes in Company Structure - The Company changed its name from "Global Mastermind Capital Limited" to "Walnut Capital Limited," effective from 23 June 2022[146].
胡桃资本(00905) - 2022 - 中期财报