Financial Performance - The unaudited revenue for the six months ended September 30, 2022, was approximately HKD 149.5 million, an increase of about 391.8% compared to approximately HKD 30.4 million in the same period last year[22]. - The company reported an unaudited loss attributable to owners of approximately HKD 10.8 million, compared to a profit of approximately HKD 129.8 million in the same period last year, primarily due to the absence of a one-time debt restructuring gain of approximately HKD 140.9 million recognized in the previous year[22]. - Revenue from natural gas sales during the interim period was approximately HKD 126.3 million[31]. - The contribution to total unaudited revenue from the United States and China was approximately 7% and 92%, respectively, compared to 36% and 58% in the previous year[24]. - The operating loss, excluding one-time gains, decreased from approximately HKD 11.1 million in the previous year to approximately HKD 10.8 million in the current interim period[22]. - The group's unaudited revenue from power and data cable business decreased by approximately 23.7% to about HKD 23,200,000 (2021: approximately HKD 30,400,000) due to intensified competition and the rise of multifunctional cables[32]. - Total comprehensive loss for the six months ended September 30, 2022, was HKD 10,869 thousand, a significant decrease from HKD 130,791 thousand in the same period last year[49]. - The company reported a comprehensive loss of HKD 9,383,000 for the six months ended September 30, 2022, compared to a profit of HKD 130,252,000 in the same period of 2021[171]. - The company reported a net loss of HKD 9,383,000 for the six months ended September 30, 2022, compared to a profit of HKD 130,252,000 in the same period of 2021[171]. Cash Flow and Assets - The company’s cash and cash equivalents increased to HKD 117,078 thousand as of September 30, 2022, compared to HKD 73,304 thousand as of March 31, 2022[73]. - The company reported a net increase in cash and cash equivalents of HKD 20,898,000 for the period, with cash and cash equivalents totaling HKD 35,783,000 as of September 30, 2022[149]. - Non-current assets decreased to HKD 25,187 thousand as of September 30, 2022, from HKD 27,812 thousand as of March 31, 2022[69]. - The company’s total liabilities increased to HKD 103,871 thousand as of September 30, 2022, compared to HKD 53,499 thousand as of March 31, 2022[80]. - The company's total assets as of September 30, 2022, amounted to HKD 113,169,000, while total liabilities were HKD 76,641,000, indicating a debt-to-asset ratio of approximately 67.8%[166]. Operational Highlights - The company is actively promoting clean energy trade business and developing downstream customer markets to match supply and demand for clean energy[31]. - The company is focusing on both domestic and international natural gas trade, primarily through pipeline and liquefied natural gas (LNG) operations[31]. - The group established a joint venture for the research, production, and sale of aerogel products in China with a registered capital of RMB 25,000,000 (approximately HKD 29,250,000), with the group contributing RMB 15,000,000 (approximately HKD 17,550,000) for a 60% stake[34][36]. - The group aims to provide stable business and continuous gas supply to upstream units while ensuring competitive pricing for downstream customers[31]. - The group is focused on developing its clean energy industry chain and utilizing cutting-edge technology to enhance energy efficiency and reduce environmental impact[33]. Employee and Cost Management - The total employee cost for the interim period was approximately HKD 10,700,000 (2021: approximately HKD 6,200,000) reflecting an increase in workforce from 114 to 133 full-time employees[38]. - The company reported a decrease in sales costs to HKD 140,738 thousand for the six months ended September 30, 2022, down from HKD 20,655 thousand in the previous year[49]. - The company’s total expenses decreased to HKD 9,433,000 for the six months ended September 30, 2022, from HKD 10,560,000 in the same period of 2021[171]. Financing and Investments - The company issued new shares and convertible bonds, raising a total of HKD 20,000,000, which will support its financing activities[142]. - The company has made significant investments in property, plant, and equipment, with a cash outflow of HKD 4,781,000 for advance payments during the period[122]. - The group has no significant investments or disposals during the interim period, nor any major acquisitions or disposals of subsidiaries or associates[42]. - The group aims to leverage its experience through investments or acquisitions in energy-related businesses to achieve sustainable growth and maximize returns for shareholders[38]. Dividends and Shareholder Returns - The board does not recommend the payment of any dividend for the interim period[23]. - The company did not recommend any interim dividend for the six months ended September 30, 2022, consistent with the previous year[193]. Segment Reporting - The company’s segment reporting shows a loss of HKD 2,577,000 in one of its divisions, with total segment liabilities of HKD 20,304,000 as of March 31, 2022[168]. - The company reported a total segment profit of HKD 622,000 for the six months ended September 30, 2022, compared to a loss of HKD 2,577,000 in the same period of 2021[171].
百能国际能源(08132) - 2023 - 中期财报