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胜龙国际(01182) - 2023 - 中期财报
SUCCESS DRAGONSUCCESS DRAGON(HK:01182)2022-12-05 08:46

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$88,821,000, a decrease of 18% compared to HK$108,359,000 in the same period of 2021[12]. - Gross profit for the same period was HK$11,963,000, down 44% from HK$21,361,000 year-on-year[12]. - The company reported a loss of HK$1,551,000 for the period, compared to a profit of HK$4,436,000 in the previous year[12]. - Total comprehensive loss for the period amounted to HK$6,287,000, contrasting with a total comprehensive income of HK$4,720,000 in the prior year[12]. - Basic and diluted loss per share was HK$0.61, compared to earnings of HK$3.00 per share in the same period last year[12]. - The company reported a total comprehensive loss of HK$6,287,000 for the period, reflecting ongoing challenges[15]. - The Group reported a loss of approximately HK$1,551,000 for the six months ended September 30, 2022, compared to a profit of approximately HK$4,436,000 in the same period of 2021[79]. - The Group recorded a net loss attributable to owners of approximately HK$1.6 million for the reporting period, compared to a net profit of approximately HK$4.4 million in the corresponding period[196]. Revenue Breakdown - Money lending services generated revenue of HK$516,000, down from HK$3,792,000 in the prior year, reflecting a significant decline[36]. - Gold processing and trading business revenue was HK$81,187,000, a decrease of 5% from HK$85,468,000 in the same period last year[36]. - Revenue from electronic gaming equipment management services in Macau was HK$7,118, a decline of 63% compared to HK$19,099 in the prior year[49]. - Revenue from the outsourced business process management segment contributed approximately 8.0% to total revenue, down from 17.6% in the previous year, with earnings of approximately HK$7.1 million, a decrease of approximately HK$12.0 million or 62.7%[185]. - Revenue from the money lending business was approximately HK$0.5 million, significantly down from approximately HK$3.8 million in the corresponding period, due to the decision to terminate operations during the reporting period[186]. - The contribution of the gold processing and trading business to the Group's total revenue increased from approximately 78.9% in the corresponding period to approximately 91.4% in the reporting period[166]. Expenses and Costs - Administrative and other operating expenses were HK$13,372,000, slightly down from HK$13,885,000 in the previous year[12]. - Selling and distribution costs decreased by approximately HK$0.3 million or 43.4% to approximately HK$0.4 million, primarily due to reduced advertising and promotion activities[192]. - Administrative and other operating expenses decreased by approximately HK$0.5 million or 3.7% to approximately HK$13.4 million, mainly due to a reduction in professional fees and miscellaneous expenses[193]. - Finance costs decreased significantly to HK$252,000 from HK$1,460,000 year-on-year, indicating improved cost management[12]. - The Group's cost of sales decreased by approximately HK$10.1 million or approximately 11.7%, from approximately HK$87.0 million to approximately HK$76.8 million, primarily due to reduced revenue in the outsourced business process management and money lending segments[183]. Assets and Liabilities - As of September 30, 2022, total assets less current liabilities amounted to HK$111,987,000, a significant increase from HK$52,585,000 as of March 31, 2022[14]. - Current assets increased to HK$184,483,000 from HK$129,631,000, driven by a rise in inventories to HK$56,524,000 from HK$19,376,000[14]. - Total equity increased to HK$111,987,000 as of September 30, 2022, compared to HK$49,880,000 as of April 1, 2022[15]. - Total liabilities decreased to HK$84,180,000 from HK$92,036,000, indicating improved financial stability[40]. - Trade payables rose significantly to HK$45,142,000 from HK$13,758,000, indicating increased operational liabilities[14]. Cash Flow and Financing - The company reported a net cash used in operating activities of HK$10,717,000 for the six months ended September 30, 2022, compared to HK$1,206,000 for the same period in 2021[19]. - Cash and cash equivalents at the end of the period reached HK$74,604,000, up from HK$31,469,000 at the end of the previous year[19]. - The company raised HK$71,301,000 from rights issues during the reporting period[19]. - The Group completed a rights issue on 27 June 2022, raising gross proceeds of approximately HK$71.3 million by issuing up to 209,711,740 Rights Shares at a subscription price of HK$0.34 each[119]. Strategic Initiatives - The management discussed potential strategies for market expansion and new product development in the upcoming quarters[12]. - The company is focusing on enhancing operational efficiency and exploring merger and acquisition opportunities to drive future growth[12]. - The Group aims to develop new procurement and revenue channels in the gold processing market[157]. Other Information - The Group has not yet applied new HKFRSs that are issued but not effective, and is assessing their potential impact[29]. - The Group has no significant events after the reporting period that need to be disclosed[150]. - There were no related party transactions and balances except for those disclosed elsewhere in the financial statements[129].