Financial Performance - The group's revenue for the six months ended June 30, 2022, was HKD 129,851,000, representing an increase of 62.3% compared to HKD 79,983,000 for the same period in 2021[10] - The group reported a loss of HKD 675,000 for the six months ended June 30, 2022, compared to a profit of HKD 1,944,000 for the same period in 2021[10] - The total comprehensive loss for the six months ended June 30, 2022, was HKD 1,404,000, compared to a total comprehensive income of HKD 847,000 for the same period in 2021[12] - The group reported a loss before tax of HKD 675,000 for the six months ended June 30, 2022, compared to a profit of HKD 2,722,000 in the same period of 2021[30] - Basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.11, compared to earnings per share of HKD 0.34 for the same period in 2021[12] Cash Flow and Financial Position - The group's cash and cash equivalents increased to HKD 14,977,000 as of June 30, 2022, from HKD 4,039,000 as of December 31, 2021[14] - The company reported a net cash flow from operating activities of HKD (8,250) thousand for the six months ended June 30, 2022, compared to HKD 8,518 thousand in the same period of 2021[19] - The net cash used in investing activities was HKD (1,310) thousand for the six months ended June 30, 2022, with no cash used in the same period of 2021[19] - The net cash generated from financing activities was HKD 21,227 thousand for the six months ended June 30, 2022, compared to cash used of HKD (4,075) thousand in the same period of 2021[19] - The company's cash balance as of June 30, 2022, was approximately HKD 15 million, an increase from approximately HKD 4 million as of December 31, 2021[85] Assets and Liabilities - The group's total assets decreased to HKD 422,586,000 as of June 30, 2022, from HKD 441,645,000 as of December 31, 2021[14] - The group’s total liabilities as of June 30, 2022, were HKD 134,625,000, down from HKD 154,749,000 as of December 31, 2021[30] - The company's debt as of June 30, 2022, was approximately HKD 96.36 million, up from approximately HKD 71.34 million as of December 31, 2021[87] - The company's debt-to-equity ratio was approximately 32% as of June 30, 2022, compared to 23% as of December 31, 2021[88] Revenue Breakdown - The wine business generated revenue of HKD 127,306,000 for the six months ended June 30, 2022, compared to HKD 79,983,000 in the same period of 2021, representing a growth of 59.2%[30] - The food business reported revenue of HKD 2,545,000 for the six months ended June 30, 2022, while there was no revenue in the same period of 2021[39] - Total revenue for the group increased to HKD 129,851,000 for the six months ended June 30, 2022, up from HKD 79,983,000 in the prior year, marking a growth of 62.2%[39] Expenses and Costs - The group incurred finance costs of HKD 2,297,000 for the six months ended June 30, 2022, compared to HKD 1,806,000 for the same period in 2021, indicating increased borrowing costs[10] - The company's administrative expenses increased by approximately 2.6 times to about HKD 4.4 million for the six months ended June 30, 2022, from approximately HKD 1.7 million in 2021[78] - The company's financial costs rose by approximately 27% to about HKD 2.3 million for the six months ended June 30, 2022, compared to approximately HKD 1.8 million in 2021[79] Shareholder Information - The company proposed a rights issue on April 28, 2022, to issue 293,288,167 shares at a subscription price of HKD 0.10 per share, aiming to raise approximately HKD 29.3 million before expenses[71] - The company issued 63,000,000 shares as part of the acquisition of Win Everest Group[59] - No interim dividend was recommended for the mid-year of 2022 and 2021[46] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the interim financial statements and confirmed compliance with applicable accounting standards[111] - The board confirmed compliance with the corporate governance code during the six months ending June 30, 2022[109] - The board of directors consists of executive directors Huang Wei and Dou Sheng, and independent non-executive directors Li Liqiang, Su Yiquan, and Hu Yongquan[112] Employee and Management Information - The group employed approximately 17 staff members as of June 30, 2022, and offers competitive compensation and internal training programs[95] - Short-term employee benefits for key management personnel amounted to HKD 436,000 for the six months ended June 30, 2022, compared to HKD 795,000 for the same period in 2021[70]
百利达集团控股(08179) - 2022 - 中期财报