Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 21,605,000, a decrease of 13.5% compared to HKD 24,833,000 for the same period in 2021[9] - Gross profit for the same period was HKD 14,578,000, down 20.4% from HKD 18,403,000 in 2021[9] - The company reported a loss attributable to owners of HKD 10,209,000 for the six months ended September 30, 2022, compared to a profit of HKD 1,875,000 in 2021[9] - The company reported a basic loss per share of HKD 0.92 for the six months ended September 30, 2022, compared to earnings of HKD 0.36 in 2021[9] - The group reported a pre-tax loss of HKD 10,209,000 for the six months ended September 30, 2022, compared to a profit of HKD 1,875,000 for the same period in 2021[40] - The company reported a net loss of HKD 10,209,000 for the six months ended September 30, 2022, compared to a net loss of HKD 11,123,000 for the same period in 2021, indicating a slight improvement in performance[16] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 66,875,000, a decrease from HKD 75,375,000 as of March 31, 2022[11] - Current liabilities increased to HKD 81,941,000 from HKD 79,478,000 as of March 31, 2022[11] - The company’s total liabilities decreased to HKD 6,948,000 from HKD 9,749,000 as of March 31, 2022[13] - The company’s equity increased to HKD 21,494,000 as of September 30, 2022, compared to HKD 6,603,000 as of March 31, 2022[13] - As of September 30, 2022, the company's current liabilities net value was approximately HKD 4.1 million, down from HKD 15.1 million as of March 31, 2022[65] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HKD 18,028,000, compared to HKD 16,842,000 in the previous year, indicating an increase in cash outflow[19] - Cash and cash equivalents at the end of the period were HKD 19,729,000, down from HKD 28,035,000 in the previous year, showing a decrease of about 29.8%[19] - The company raised HKD 27,000,000 through a rights issue, which contributed to its financing activities net cash inflow of HKD 18,912,000 for the period[19] Revenue Breakdown - Revenue from the sale of women's lingerie and related products for the six months ended September 30, 2022, was HKD 18,319,000, a decrease of 12.7% from HKD 20,937,000 in the same period of 2021[31] - Revenue from beauty services for the same period was HKD 293,000, down from HKD 753,000 in the previous year, representing a decline of approximately 61.0%[31] Employee and Operational Costs - Total employee costs increased to HKD 12,758,000 for the six months ended September 30, 2022, up from HKD 10,590,000 in the previous year, representing a growth of approximately 20.5%[6] - The group reported a total inventory cost of HKD 7,027,000 for the six months ended September 30, 2022, compared to HKD 6,430,000 in the previous year, indicating a rise in inventory expenses[6] Capital Expenditure - The group purchased property, plant, and equipment amounting to approximately HKD 1,847,000 for the six months ended September 30, 2022, compared to HKD 211,000 in the same period of 2021, reflecting a substantial increase in capital expenditure[44] Shareholder Information - The major shareholder, Global Succeed Group Limited, holds 120,000,000 shares, representing 13.33% of the company's issued share capital[92] - Global Succeed's ownership in the company was diluted from approximately 43.75% to about 25.40% after issuing 48 million and 102 million shares in 2021[95] - Following a rights issue completed on August 19, 2022, the net proceeds amounted to approximately HKD 26.0 million, further diluting Global Succeed's stake to about 17.78%[96] - As of September 30, 2022, Global Succeed's ownership was further reduced to approximately 13.33% after selling 40 million shares[96] Corporate Governance - The company has committed to adopting best corporate governance practices, with a focus on separating the roles of chairman and CEO[102] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended September 30, 2022, confirming compliance with applicable accounting standards and GEM listing rules[107] - There were no known conflicts of interest among directors or major shareholders as of September 30, 2022[101] Future Plans - The management plans to optimize resource allocation and upgrade core lingerie products based on consumer demand[59] - The company aims to invest in the development of e-commerce specific lingerie products and online shopping markets[59] - The group has no significant future plans for major investments or capital assets as of September 30, 2022[77]
海纳星空科技(08297) - 2023 - 中期财报