Financial Performance - Revenue for the six months ended September 30, 2022, was approximately HKD 30.4 million, a decrease of about 34.3% compared to HKD 46.3 million for the same period in 2021[3] - The company reported a loss of approximately HKD 3.6 million for the six months ended September 30, 2022, compared to a profit of HKD 0.8 million for the same period in 2021[3] - Basic loss per share attributable to owners of the company was HKD 0.52 for the six months ended September 30, 2022, compared to a profit of HKD 0.12 for the same period in 2021[3] - Total segment revenue for the six months ended September 30, 2022, was HKD 30,419,000, a decrease of 34.4% from HKD 46,301,000 in the same period of 2021[37][39] - The reported segment profit for the six months ended September 30, 2022, was HKD 4,663,000, down from HKD 7,482,000 in the previous year, reflecting a decline of 37.5%[41] - The group reported a loss attributable to owners of approximately HKD 3.6 million for the six months ended September 30, 2022, compared to a profit of HKD 0.8 million in the same period last year[119] Revenue Breakdown - Revenue from assessment and consultancy services for the six months ended September 30, 2022, was HKD 17,993,000, down 44.3% from HKD 32,295,000 in the previous year[34] - Interest income from financing services for the six months ended September 30, 2022, was HKD 12,253,000, slightly down from HKD 12,312,000 in the same period of 2021[34] - Financing services contributed approximately 40.2% to the total revenue, with stable interest income of about HKD 12.3 million for both the six months ended September 30, 2022, and 2021[110] - The securities brokerage, placement, and underwriting segment accounted for about 0.6% of total revenue, with a decline in income from HKD 1.7 million to HKD 0.2 million due to poor market sentiment in Hong Kong[110] - The group's total revenue for the six months ended September 30, 2022, was significantly impacted, with a 44.3% decrease in service fee income from valuation and advisory services, dropping from approximately HKD 32.3 million to HKD 18.0 million[110] Expenses and Costs - Employee benefit expenses for the six months ended September 30, 2022, were HKD 19.95 million, down from HKD 23.14 million for the same period in 2021[5] - Financial costs for the six months ended September 30, 2022, were HKD 3.21 million, compared to HKD 1.42 million for the same period in 2021[5] - The company incurred total expenses of HKD 1,701,000 for the three months ended September 30, 2022, compared to HKD 941,000 in the same period of 2021, representing an increase of approximately 80.8%[50] - Employee benefits expenses totaled approximately HKD 19.9 million for the six months ended September 30, 2022, compared to HKD 23.1 million for the same period in 2021[144] Cash Flow and Assets - For the six months ended September 30, 2022, the company reported a net cash outflow from operating activities of HKD 7,985,000, compared to HKD 77,666,000 for the same period in 2021, indicating a significant improvement[17] - The company recorded a net cash inflow from investing activities of HKD 4,971,000 for the six months ended September 30, 2022, compared to a net cash outflow of HKD 8,664,000 in the same period of 2021[17] - The net cash inflow from bank borrowings for the six months ended September 30, 2022, was HKD 9,604,000, an increase from HKD 7,000,000 in the same period of 2021[17] - The company's cash and cash equivalents decreased by HKD 3,138,000, ending with a balance of HKD 5,285,000 as of September 30, 2022, compared to HKD 11,521,000 at the same time in 2021[17] - As of September 30, 2022, the total receivables and interest amounted to HKD 638,519,000, an increase from HKD 626,127,000 as of March 31, 2022[65] Liabilities and Borrowings - The total liabilities as of September 30, 2022, increased to HKD 123,413,000 from HKD 119,594,000 as of March 31, 2022[41] - Total bank borrowings amounted to approximately HKD 58.8 million as of September 30, 2022, up from HKD 49.2 million as of March 31, 2022[130] - The bank borrowings increased to HKD 58,816,000 as of September 30, 2022, from HKD 49,212,000 as of March 31, 2022, representing an increase of approximately 19%[85] - The non-current portion of bank borrowings was HKD 1,622,000 as of September 30, 2022, indicating a shift in the maturity profile of the debt[85] Corporate Governance and Compliance - The board of directors confirmed compliance with the securities trading code during the six months ending September 30, 2022[163] - The company has adhered to all provisions of the corporate governance code as per GEM listing rules, except for the separation of roles between the Chairman and CEO, which are held by the same individual[164] - The audit committee consists of three members, all independent non-executive directors, ensuring no prior or current auditors are part of the committee[169] Employee and Management Information - The total remuneration for key management personnel for the six months ended September 30, 2022, was HKD 2,264,000, slightly down from HKD 2,302,000 in the same period of 2021[102] - The company provided discretionary bonuses to employees to retain high-caliber personnel, emphasizing that its professional team is its most valuable asset[107] - The group employed a total of 69 full-time employees as of September 30, 2022, down from 80 employees a year earlier[144] Future Plans and Strategies - The company plans to continue focusing on its core business areas while exploring opportunities for market expansion and potential acquisitions[19] - The group plans to continue exploring various acquisition opportunities and business collaborations to strengthen its market position in Hong Kong's valuation and advisory industry[127] - The group aims to enhance its core strategy by providing comprehensive quality services to become a leading valuation and advisory service provider in Hong Kong[127] - The group will monitor its financial condition and seek new business opportunities to achieve growth and profitability amid a challenging market environment[127]
罗马元宇宙集团(08072) - 2023 - 中期财报