Financial Performance - For the six months ended September 30, 2022, the company recorded unaudited revenue of approximately HKD 28.94 million, a decrease of about 28.11% compared to the same period last year[4]. - The company reported an unaudited loss attributable to owners of approximately HKD 8.66 million for the six months ended September 30, 2022, compared to an unaudited profit of approximately HKD 0.26 million in the same period last year[4]. - Basic and diluted loss per share for the six months ended September 30, 2022, was approximately HKD 3.32 cents, compared to earnings of approximately HKD 0.20 cents per share in the previous year[4]. - For the three months ended September 30, 2022, the company recorded unaudited revenue of HKD 15.27 million, down from HKD 22.19 million in the same period last year[6]. - Gross profit for the six months ended September 30, 2022, was HKD 4.03 million, compared to HKD 8.61 million for the same period last year[6]. - The total comprehensive loss attributable to owners for the six months ended September 30, 2022, was HKD 8.14 million, compared to a profit of HKD 0.28 million in the same period last year[8]. - Total revenue for the six months ended September 30, 2022, was HKD 28,944,000, a decrease of 28.1% compared to HKD 40,263,000 for the same period in 2021[37]. - The operating loss for the period was HKD 24,824,000, down from HKD 31,620,000 in the previous year, indicating a reduction of 21.5%[44]. - The company reported a loss of HKD 8,655 thousand for the period, compared to a loss of HKD 8,138 thousand in the same period last year[15]. Revenue Breakdown - Sales from electronic products amounted to HKD 16,218 thousand, down 35.0% from HKD 25,003 thousand in the previous year[26]. - Revenue from restaurant services was HKD 12,726 thousand, a decline of 16.8% compared to HKD 15,260 thousand in the prior year[26]. - Revenue from Hong Kong decreased to HKD 13,491,000 from HKD 16,024,000, representing a decline of 15.4%[37]. - Revenue from European countries dropped significantly to HKD 10,108,000 from HKD 17,972,000, a decrease of 43.5%[37]. - Sales revenue from electronic products for the six-month period was approximately HKD 16.22 million, a decrease of about 35.14% year-on-year[72]. Expenses and Liabilities - The company incurred administrative and other expenses of HKD 12.65 million for the six months ended September 30, 2022, compared to HKD 12.22 million in the previous year[6]. - Selling and distribution expenses for the six-month period were approximately HKD 0.65 million, a decrease of about 44.02% compared to HKD 1.16 million in the same period last year[75]. - Administrative and other expenses increased by approximately 3.49% to HKD 12.65 million for the six-month period ended September 30, 2022[76]. - The company's total liabilities included bank borrowings of HKD 1,950,000, which increased from HKD 1,596,000 in the previous year[44]. Cash Flow and Assets - The net cash generated from operating activities was HKD 1,533 thousand, a significant improvement from a net cash used of HKD 3,226 thousand in the same period last year[17]. - The total cash and cash equivalents at the end of the period increased to HKD 5,744 thousand, compared to HKD 2,750 thousand at the end of the previous year[17]. - Cash and bank balances increased from approximately HKD 4.04 million as of March 31, 2022, to HKD 5.74 million as of September 30, 2022[78]. - The company's total assets less current liabilities amounted to HKD 48.60 million as of September 30, 2022[12]. Shareholder Information - The weighted average number of ordinary shares issued during the period was 260,551,080, significantly increased from 130,413,003 shares in the previous year[54]. - Major shareholders include Siu Yik Tung Jamie with 45,153,919 shares, accounting for 12.62% of the issued share capital[114]. - Lissington Limited holds 90,827,518 shares, representing 25.38% of the total issued share capital[114]. - ECGO International Limited owns 88,004,813 shares, which is 24.60% of the total issued share capital[114]. Corporate Governance - The company emphasizes high-quality governance and compliance with the GEM Listing Rules, ensuring transparency and accountability to shareholders[122]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results for the six months ending September 30, 2022[126]. - The company has adopted the GEM Listing Rules as its code of conduct for directors' securities transactions, with no known violations reported[121]. Future Plans and Investments - The company plans to utilize unspent IPO proceeds of approximately HKD 0.47 million within one year from the report date[90]. - The company aims to utilize the funds raised for general corporate purposes, including the expansion of its e-commerce business[98]. - The company did not engage in any significant investments, acquisitions, or disposals of subsidiaries during the six-month period[80].
毅高国际控股(08218) - 2023 - 中期财报