SDM教育(08363) - 2021 Q4 - 年度财报

Financial Health - As of December 31, 2021, the group recorded current liabilities net value of approximately HKD 412,849,000 and net liabilities of HKD 218,190,000, raising significant doubts about the group's ability to continue as a going concern[5] COVID-19 Impact - The company successfully managed the impact of the COVID-19 outbreak, generating sufficient cash flow from operations, and anticipates improved profitability due to the easing of lockdown policies and border restrictions in Hong Kong[8] Financing Strategies - The company is in discussions with noteholders regarding potential repayment of convertible notes, and will continue to seek alternative financing and borrowing as additional sources of funds[8]