Financial Performance - The company recorded revenue of approximately HKD 39,600,000 for the six months ended March 31, 2023, representing an increase of about 31.6% compared to HKD 30,100,000 for the same period in 2022[8]. - The loss for the six months ended March 31, 2023, was approximately HKD 21,800,000, compared to a loss of HKD 4,400,000 for the same period in 2022, primarily due to increased administrative and operational expenses[8]. - Basic and diluted loss per share for the six months ended March 31, 2023, was approximately HKD 2.78, compared to HKD 0.72 for the same period in 2022[8]. - The total comprehensive loss for the six months ended March 31, 2023, was HKD 21,837,000, compared to HKD 2,616,000 for the same period in 2022[12]. - The company reported a net loss attributable to owners of the company of HKD 21,464,000 for the six months ended March 31, 2023, compared to HKD 4,345,000 for the same period in 2022[12]. - The total comprehensive loss for the period was HKD 21,464,000, indicating a significant impact on the company's financial performance[21]. - The pre-tax loss for the period was HKD 21,180,000, compared to a loss of HKD 4,238,000 for the same period in 2022[40]. Revenue Breakdown - Revenue from continuing operations for the six months ended March 31, 2023, was HKD 39,428,000, up from HKD 29,603,000 in the same period of 2022[10]. - Total revenue for the six months ended March 31, 2023, was HKD 39,588,000, an increase of 31.3% compared to HKD 30,137,000 for the same period in 2022[40]. - The licensed business generated revenue of HKD 6,759,000, up from HKD 6,217,000, reflecting an 8.7% increase year-over-year[40]. - Non-licensed business revenue rose significantly to HKD 32,669,000 from HKD 23,386,000, marking an increase of 39.9%[40]. - Revenue from Hong Kong for the six months ended March 31, 2023, was HKD 34,610,000, up from HKD 26,543,000, representing a 30.4% increase[42]. Expenses and Liabilities - Administrative and other operating expenses increased to HKD 69,351,000 for the six months ended March 31, 2023, compared to HKD 30,175,000 for the same period in 2022[10]. - Employee benefits expenses for continuing operations increased to HKD 30,666,000 for the six months ended March 31, 2023, up from HKD 18,458,000 in 2022, representing a 66.5% increase[57]. - The total interest expenses for continuing operations decreased to HKD 862,000 for the six months ended March 31, 2023, from HKD 1,626,000 in 2022, a reduction of 47%[54]. - The group incurred a tax expense of HKD 604,000 for the six months ended March 31, 2023, while no tax was recorded for the same period in 2022[60]. - The group’s total employee costs for continuing operations reached HKD 54,674,000 for the six months ended March 31, 2023, compared to HKD 18,998,000 in 2022, marking a 187% increase[57]. Assets and Equity - Non-current assets increased significantly to HKD 112,719,000 in March 2023 from HKD 72,982,000 in September 2022, representing a growth of approximately 54%[13]. - Current assets net increased to HKD 66,351,000 in March 2023 from HKD 10,844,000 in September 2022, marking a substantial increase of about 511%[15]. - Total liabilities decreased to HKD 41,096,000 in March 2023 from HKD 181,415,000 in September 2022, a reduction of approximately 77%[15]. - The company's equity attributable to owners rose to HKD 169,645,000 in March 2023 from HKD 69,840,000 in September 2022, reflecting an increase of about 143%[15]. - The goodwill increased to HKD 84,831,000 in March 2023 from HKD 43,671,000 in September 2022, indicating a growth of approximately 94%[13]. Cash Flow and Financing - The net cash used in operating activities for the six months ended March 31, 2023, was HKD (18,827) thousand, compared to HKD (14,830) thousand for the same period in 2022[26]. - The cash inflow from financing activities amounted to HKD 34,900 thousand, a significant increase from HKD (4,250) thousand in the prior period[26]. - The company issued new shares generating proceeds of HKD 39,330 thousand during the financing activities[26]. - The company has a government loan of approximately HKD 240,000,000, which is interest-free and due for repayment by December 31, 2023[106]. Share Capital and Options - The company's share capital increased to HKD 8,533,000 in March 2023 from HKD 7,212,000 in September 2022, reflecting an increase of approximately 18%[15]. - The company granted 44,600,000 share options to directors and employees as of December 30, 2022, with a fair value of approximately HKD 23,032,000[123]. - The exercise price of the share options is set at HKD 0.88, with an expected price volatility of 99.53% over a projected term of 10 years[126]. - No share options were exercised, cancelled, or lapsed during the period, and the related expenses of HKD 23,032,000 were recognized in profit or loss[128]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[197]. - The board of directors includes both executive and independent non-executive members, ensuring a balanced governance structure[198]. - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[194]. Strategic Initiatives - The company plans to enhance its strategy to become a comprehensive one-stop financial service provider following the acquisition of Earning Joy[118]. - The company has entered into a letter of intent with Cloudnifier Corporation Limited to develop and distribute big data platforms for financial institutions[156]. - The company plans to continue seeking opportunities in both licensed and non-licensed businesses, with a focus on acquisitions in the Greater Bay Area[175].
亦辰集团(08365) - 2023 - 中期财报