Financial Performance - The turnover for the six months ended March 31, 2022, was HK$40,707,096, a decrease of 76.6% compared to HK$53,181,523 for the same period in 2021[9]. - The operating loss for the period was HK$48,171,089, compared to an operating profit of HK$47,944,772 in the previous year[9]. - The profit attributable to equity holders of the Company for the period was a loss of HK$49,730,781, compared to a profit of HK$47,040,285 in the same period last year[10]. - Basic and diluted earnings per share for the period were both HK$-12.25, compared to HK$13.87 and HK$13.53 respectively for the previous year[10]. - The Company reported a comprehensive loss for the period of HK$49,730,781 for the six months ended March 31, 2022[18]. - The Group's profit before tax for the six months ended 31 March 2022 was a loss of HK$49,730,781, compared to a profit of HK$47,040,285 in the previous year[42]. - For the six months ended 31 March 2022, the Group recorded a negative turnover of approximately HK$40.7 million, compared to a positive turnover of HK$53.2 million in the same period of 2021, resulting in a net loss attributable to equity holders of approximately HK$49.7 million, down from a profit of HK$47.0 million in 2021[83]. Assets and Liabilities - Non-current assets as of March 31, 2022, totaled HK$144,482,470, down from HK$159,344,644 as of September 30, 2021[12]. - Current assets decreased to HK$389,097,385 from HK$394,971,951 as of September 30, 2021[12]. - The total equity as of March 31, 2022, was HK$499,544,998, down from HK$510,530,682 as of March 31, 2021[18]. - The net asset value per share decreased to HK$1.19 from HK$1.53 as of September 30, 2021[12]. - The company had a total accumulated losses of HK$950,118,524 as of March 31, 2022, compared to HK$916,858,240 as of March 31, 2021[18]. - As of March 31, 2022, the net asset value (NAV) of the Group was approximately HK$499.5 million, representing a decrease of approximately 5.1% from HK$526.2 million as of 30 September 2021[86]. Cash Flow - For the six months ended March 31, 2022, the net cash used in operating activities was HK$24,858,915, compared to HK$16,223,210 for the same period in 2021, indicating an increase in cash outflow[18]. - The net cash from investing activities for the same period was HK$11,722,571, a decrease from HK$15,697,160 in the previous year[18]. - The net cash from financing activities was HK$18,963,779, with no financing activities reported in the same period of the previous year[18]. - The cash and cash equivalents at March 31, 2022, were HK$17,739,779, compared to HK$16,317,324 at the same date in 2021, showing an increase[18]. - The Group's bank balances increased to approximately HK$17.7 million as of 31 March 2022, up from approximately HK$11.9 million as of 30 September 2021[103][107]. Share Capital and Equity - The company issued 17,160,000 new shares during the reporting period, contributing to an increase in total equity[18]. - The number of ordinary shares issued increased to 420,128,249 as of March 31, 2022, compared to 343,238,249 as of September 30, 2021, reflecting a growth of approximately 22.5%[69][71]. - The Company successfully raised approximately HK$17.2 million from a placing completed on 25 October 2021, with net proceeds of approximately HK$16.9 million fully used for working capital and investments[157]. - A total of 68,640,000 new shares were fully placed at a net placement price of approximately HK$0.246 per share[161]. - The Company granted 25,200,000 share options to certain employees, representing approximately 6.0% of the issued share capital, with an exercise price of HK$0.275 per share[169]. Expenses and Costs - Administrative expenses for the period were HK$5,722,107, slightly up from HK$5,554,433 in the previous year[9]. - Total staff costs for the period increased to HK$6,406,821 from HK$5,013,746 in the previous year[37]. - The company paid investment management fees of HK$300,000 to Evergrande Securities (Hong Kong) Limited during the period, compared to HK$188,710 in the previous year[72]. Investments - The Group's investment in AMCO United Holding Limited generated coupons of HK$3,787,500 for the six months ended 31 March 2022[60]. - The Group holds 24,312,000 shares of Hong Kong Education (Int'l) Investments Limited valued at HK$38,169,840 as of 31 March 2022[54]. - The Group recorded bond coupons of approximately HK$19.4 million during the period[101][106]. - The Group acquired new bonds from SEEC Group Limited at a principal of HK$20 million with a coupon rate of 6% and a term of 6 years, and extended bonds from AMCO United Holding Limited with a principal of HK$30 million and a coupon rate of 10.5%, due in January 2027[84]. Corporate Governance - The company confirmed full compliance with the Model Code for Securities Transactions by Directors during the period[181]. - The company complied with the Corporate Governance Code provisions, with some deviations noted regarding the separation of roles for chairman and chief executive[182]. - The Audit Committee, comprising three independent non-executive directors, reviewed the accounting principles and practices adopted by the company as of March 31, 2022[177]. Market Conditions and Future Outlook - The Group plans to adopt cautious measures to manage its investment portfolio due to ongoing uncertainties in the global investment market[102][106]. - The Group anticipates that the full resumption of business will not occur in the near future due to ongoing threats from COVID-19 variants[119]. - The Group is exploring opportunities for mergers and acquisitions in the education sector to increase market share and revenue base[120].
首都创投(02324) - 2022 - 中期财报