Financial Performance - The Group's revenue for the six months ended 30 September 2022 was approximately HK$43,884,000, representing an increase of approximately 133.9% compared to the same period last year[8]. - The gross profit for the same period was approximately HK$2,568,000, an increase of approximately HK$464,000 compared to the previous financial year[8]. - The loss attributable to owners of the Company for the six months ended 30 September 2022 was approximately HK$22,500,000, compared to HK$20,303,000 for the same period in 2021[8]. - The total comprehensive loss for the period was HK$29,968,000, compared to HK$25,574,000 for the same period last year[22]. - Basic and diluted loss per share for the period was HK(1.54) cents, compared to HK(1.39) cents for the same period in 2021[24]. - The loss before tax for the six months ended 30 September 2022 was HK$28,822,000, compared to HK$25,547,000 for the same period in 2021[11]. - The Group recorded a loss of approximately HK$28,822,000 for the six months ended 30 September 2022, compared to a loss of approximately HK$25,547,000 for the same period in 2021, mainly due to losses in the Fintech business and administrative expenses[144]. Expenses - Selling expenses for the six months ended 30 September 2022 were HK$112,000, a decrease from HK$820,000 in the previous year[11]. - Administrative expenses increased to HK$28,489,000 from HK$22,266,000 in the same period last year[11]. - Employee benefits expenses increased to HK$11,046,000 for the six months ended 30 September 2022, up from HK$7,926,000 in the same period of 2021, reflecting a rise of approximately 39.5%[77]. - Other losses decreased from approximately HK$4,931,000 for the six months ended 30 September 2021 to approximately HK$2,740,000 for the six months ended 30 September 2022, with government grants of HK$200,000 recognized related to Covid-19 subsidies[144]. Assets and Liabilities - Total non-current assets decreased from HK$15,930,000 to HK$15,533,000, a decline of 2.5%[28]. - Current assets increased from HK$152,871,000 to HK$163,382,000, representing a growth of 6.6%[28]. - Total current liabilities decreased significantly from HK$93,662,000 to HK$51,262,000, a reduction of 45.2%[28]. - Net current assets improved from HK$59,209,000 to HK$112,120,000, an increase of 89.4%[28]. - Total assets less current liabilities rose from HK$75,139,000 to HK$127,653,000, an increase of 69.9%[30]. - The Group's liabilities totaled HK$104,362,000, with the Fintech Business accounting for HK$30,047,000 of this amount[69]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HK$13,230,000, compared to HK$119,000 for the same period in 2021[49]. - Cash and cash equivalents decreased from HK$92,144,000 to HK$76,916,000, a decline of 16.5%[28]. - Net cash used in investing activities was HK$371,000, a significant decrease from HK$7,449,000 in the prior year[49]. - Net cash used in financing activities amounted to HK$481,000, down from HK$1,308,000 in the previous year[49]. Business Segments - The Group's total revenue for the six months ended September 30, 2022, was HK$43,884,000, with external sales from the Gold and Jewellery Business contributing HK$41,793,000[58]. - The segment results showed a profit of HK$298,000 for the Gold and Jewellery Business, while the Lending Business reported a profit of HK$1,004,000, and the Fintech Business incurred a loss of HK$22,782,000, resulting in an overall loss before tax of HK$28,822,000[60]. - Revenue from the Gold and Jewellery Business increased by approximately HK$24,167,000, from approximately HK$17,626,000 for the six months ended 30 September 2021 to approximately HK$41,793,000 for the six months ended 30 September 2022[164]. - The increase in revenue from the Gold and Jewellery Business was mainly attributed to higher wholesale of golden jewellery products in the PRC[164]. Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2022[8]. - The total issued and fully paid ordinary shares remained at 1,457,239,000 as of both September 30, 2022, and March 31, 2022[115]. - The current share option scheme, effective for 10 years from September 10, 2021, replaced the previous scheme that expired in August 2021[187]. - The nominal subscription price for shares under the new scheme is determined by the Board and cannot be less than the highest of the closing price on the Offer Date or the average closing price for the preceding five business days[187]. Strategic Plans - The Group intends to expand its sales channels for the secondary gold sales agency business by identifying more jewellery wholesaler customers in South China[163]. - The Group aims to strengthen its gold and jewelry business by seeking more wholesale customers in Southern China and increasing sales to high-end corporate clients[168]. - The Group plans to focus on expanding its user base and improving service quality in its fintech business, which was initiated in 2019[170][174]. - The Group will periodically review market conditions and profitability, adjusting business volume and resource allocation accordingly[173][176].
朗华国际集团(08026) - 2023 - 中期财报