Financial Performance - For the six months ended September 30, 2022, the company's revenue and gross profit were approximately HKD 176.8 million and HKD 41.4 million, representing increases of approximately 500.6% and 154.4% compared to the same period in 2021[4]. - The company recorded a loss attributable to owners of approximately HKD 4.6 million for the review period, compared to a loss of approximately HKD 45.9 million in the same period of 2021[4]. - The basic and diluted loss per share attributable to owners for the review period was approximately HKD 0.19, compared to HKD 2.11 in the same period of 2021[4]. - The total comprehensive loss for the six months ended September 30, 2022, was approximately HKD 68.7 million, compared to HKD 47.2 million in the same period of 2021[10]. - The company reported a pre-tax loss from continuing operations of HKD 2.1 million for the three months ended September 30, 2022, compared to a loss of HKD 26.7 million in the same period of 2021[6]. - The company reported a total loss of HKD 57,148,000 for the period[47]. - The company incurred a loss of HKD 17,420 million for the period, with a pre-tax loss of HKD 17,347 million[71]. - The net loss attributable to equity holders was approximately HKD 4,600,000, significantly reduced from HKD 45,900,000 in the previous year[114]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to approximately HKD 717.0 million, compared to HKD 524.8 million as of March 31, 2022[12]. - Current liabilities increased to HKD 804,726 thousand as of September 30, 2022, compared to HKD 573,491 thousand as of March 31, 2022, reflecting a growth of 40.2%[14]. - The company’s total liabilities increased to HKD 189,949 thousand as of September 30, 2022, remaining unchanged from March 31, 2022[14]. - The company’s total liabilities increased to HKD 599,627 million, reflecting a significant rise compared to previous periods[86]. - The company’s net asset value as of September 30, 2022, was HKD 129,033 thousand, down from HKD 193,914 thousand as of March 31, 2022, reflecting a decrease of 33.5%[14]. - Total assets less current liabilities stood at HKD 143,046 thousand as of September 30, 2022, down from HKD 213,169 thousand as of March 31, 2022, indicating a decrease of 32.8%[14]. Cash Flow - Net cash used in operating activities for the six months ended September 30, 2022, was HKD (3,812) thousand, a significant improvement from HKD (28,004) thousand in the same period of 2021[25]. - The company reported a net cash outflow from financing activities of HKD (3,107) thousand for the six months ended September 30, 2022, compared to a net inflow of HKD 45,084 thousand in the same period of 2021[28]. - The company incurred a net cash outflow from investing activities of HKD (4,103) thousand for the six months ended September 30, 2022, compared to HKD (13,766) thousand in the same period of 2021[25]. - The net cash inflow from operating activities was HKD 8,303 million, while the net cash outflow from investing activities was HKD 12,688 million, resulting in a total cash outflow of HKD 4,948 million[71]. Revenue Segments - Total revenue from prepaid card and online payment business for the six months ended September 30, 2022, was HKD 176,465,000, with a segment profit of HKD 10,596,000[44]. - The company generated revenue of HKD 172,048,000 from merchant and technical support services for the six months ended September 30, 2022, compared to HKD 24,472,000 in the same period of the previous year, reflecting a substantial increase[39]. - Revenue from prepaid card and internet payment business contributed approximately HKD 176,500,000, while high-end equity business generated about HKD 300,000[108]. - Total revenue for the three months ended September 30, 2022, was HKD 53,810,000, compared to HKD 15,784,000 in the same period of the previous year[39]. - Total revenue from prepaid card and online payment business reached HKD 28,850,000 for the period[47]. Shareholder Information - As of September 30, 2022, Zhang Chang holds 437,230,000 shares, representing 18.47% of the total shares[130]. - Vered Capital Limited owns 260,090,000 shares, accounting for 10.99% of the total shares[130]. - The total number of shares that may be issued upon the exercise of options under the share option plan is capped at 30% of the total issued shares[139]. - The maximum number of shares that can be issued upon full exercise of options under the share option plan is 197,301,869, which is approximately 10.00% of the total issued shares[139]. Corporate Governance - The company has complied with all corporate governance codes during the review period[156]. - The audit committee reviewed the unaudited interim results for the six months ending September 30, 2022, and found them to be prepared in accordance with applicable accounting standards[159]. - The board of directors is responsible for overseeing the company's overall strategy and development, as well as monitoring internal control policies[155]. - The company has established various committees, including a nomination committee, remuneration committee, audit committee, internal control committee, and compliance committee[155]. - The company is committed to ensuring the accuracy of financial reporting and compliance with relevant regulations[155]. Strategic Initiatives - The company is actively negotiating with bondholders regarding existing and future settlement schedules, aiming to secure necessary financial support[38]. - The company is implementing cost control measures to enhance profitability and improve future cash flows[38]. - The company plans to continue enhancing its payment network systems and expanding its market presence through strategic investments and partnerships[75]. - The company aims to provide a one-stop solution combining payment, benefits, and credit services to its users[105]. - The company plans to leverage resources from its subsidiaries to expand the prepaid card business nationwide[106]. - The company has established partnerships with major commercial and retirement property developers to support strong business growth[106].
中国支付通(08325) - 2023 - 中期财报