Financial Performance - Revenue for the six months ended March 31, 2022, was HKD 4,369,000, compared to HKD 1,970,000 for the same period in 2021, representing a 121% increase[17]. - The net loss before tax for the six months ended March 31, 2022, was HKD 3,831,000, a reduction from a loss of HKD 7,323,000 in the same period of 2021, indicating a 48% improvement[17]. - The company reported a basic and diluted loss per share of HKD 0.38 for the six months ended March 31, 2022, compared to HKD 0.73 for the same period in 2021, indicating a 48% improvement[17]. - For the six months ended March 31, 2022, the company reported a loss attributable to equity shareholders of HKD 3,831,000, compared to a loss of HKD 7,323,000 for the same period in 2021, representing a 47.7% improvement in losses year-over-year[52]. - The net loss for the six months ended March 31, 2022, was approximately HKD 3.8 million, a decrease from HKD 7.3 million in 2021, attributed to increased revenue and reduced employee benefit expenses[88]. Assets and Liabilities - Total assets as of March 31, 2022, were HKD 37,125,000, down from HKD 41,836,000 as of September 30, 2021, reflecting a decrease of 11.5%[20]. - The total equity as of March 31, 2022, was HKD 28,063,000, down from HKD 31,894,000 as of September 30, 2021, representing a decrease of 12.2%[23]. - The company’s non-current assets decreased to HKD 302,000 from HKD 1,036,000, a decline of 70.9%[20]. - The company’s cash and cash equivalents decreased to HKD 14,700,000 from HKD 18,904,000, a decline of 22%[20]. - The company had cash and cash equivalents of HKD 14,700,000 as of March 31, 2022, down from HKD 18,904,000 as of September 30, 2021, indicating a decrease of 22.4%[61]. Revenue Sources - Major clients contributing over 10% of total revenue included Client A with HKD 1,050,000, Client B with HKD 820,000, and Client C with HKD 710,000 for the six months ended March 31, 2022[46]. - The company's corporate finance advisory services revenue increased by approximately 106.5% for the six months ended March 31, 2022, compared to the same period last year[75]. - The asset management advisory services generated revenue of HKD 0.3 million for the three months ended March 31, 2022[77]. Expenses and Cost Management - Employee benefit expenses for the six months ended March 31, 2022, were HKD 4,438,000, a reduction from HKD 6,507,000 in the same period of 2021, showing a 31.8% decrease[17]. - The financial costs for the six months ended March 31, 2022, were HKD 40,000, down from HKD 71,000 in the same period of 2021, indicating a 43.7% reduction[17]. - The company paid no dividends during the six months ended March 31, 2022, compared to HKD (4,000) thousand paid in the same period of 2021[35]. - The company did not declare any dividends for the six months ended March 31, 2022, consistent with the previous year[50]. Investment and Market Performance - The total return from the company's equity investment fund since its initial investment date in March 2020 was approximately HKD 4.4 million, representing a return rate of about 36.7%[77]. - The Hang Seng Index declined by approximately 15.8% from February 28, 2020, to March 31, 2022, while the company outperformed the market with a return of 36.7%[78]. - The company is in the process of establishing an equity investment fund with a target size between HKD 100 million and HKD 150 million, which is expected to generate significant management fee income[78]. - The group plans to continue cautious investment decisions in securities trading due to anticipated market volatility stemming from global events[104]. Challenges and Future Outlook - The ongoing COVID-19 pandemic and geopolitical uncertainties have negatively impacted the company's performance, but management believes this is temporary[80]. - Future performance will depend on the recovery speed from the pandemic and the successful implementation of the company's business plans and strategies[80]. - The company has faced delays in several significant transactions due to tightening measures in Hong Kong and lockdowns in mainland China[74]. - The company is actively maintaining communication with clients and adjusting its business strategies to improve performance in a competitive environment[75]. Governance and Compliance - The board confirmed compliance with the corporate governance code during the reporting period, with some deviations explained[108]. - The audit committee, composed of three independent non-executive directors, is responsible for reviewing the group's annual, semi-annual, and quarterly reports, as well as overseeing risk management and internal control systems[123]. - The audit committee reviewed the unaudited consolidated performance of the group for the six months ending March 31, 2022[124].
宝积资本(08168) - 2022 - 中期财报