Financial Performance - For the six months ended March 31, 2022, the group's unaudited revenue was approximately HKD 13.8 million, a decrease of about 35.3% compared to the same period in 2021[7] - The group's unaudited gross profit for the same period was approximately HKD 5.2 million, down approximately 50.0% year-on-year[7] - The group recorded an unaudited net loss of approximately HKD 9.1 million for the six months ended March 31, 2022, compared to a net loss of approximately HKD 2.9 million for the same period in 2021[7] - Basic loss per share for the six months ended March 31, 2022, was HKD 0.91, compared to HKD 0.29 for the same period in 2021[8] - The company reported revenue of HKD 13,765,000 for the six months ended March 31, 2022, a decrease of 35.4% compared to HKD 21,269,000 for the same period in 2021[25] - The company incurred a loss attributable to owners of HKD 9,114,000 for the six months ended March 31, 2022, compared to a loss of HKD 2,865,000 for the same period in 2021, representing an increase in loss of 217.5%[34] - Gross profit decreased from approximately HKD 10.3 million for the six months ended March 31, 2021, to about HKD 5.2 million for the six months ended March 31, 2022, a decline of approximately 49.5%[55] - The group recorded a loss of approximately HKD 9.1 million for the six months ended March 31, 2022, compared to a loss of approximately HKD 2.9 million for the six months ended March 31, 2021, mainly due to a decrease in revenue[61] Dividends and Shareholder Returns - The board of directors decided not to declare any dividend for the six months ended March 31, 2022, consistent with the previous year[8] - The company did not declare any dividends for the six months ended March 31, 2022, consistent with the previous year[32] - The board of directors decided not to declare an interim dividend for the six months ended March 31, 2022, consistent with the previous year[82] Assets and Liabilities - As of March 31, 2022, total non-current assets amounted to HKD 23.8 million, compared to HKD 7.0 million as of September 30, 2021[14] - Current assets totaled HKD 74.1 million as of March 31, 2022, down from HKD 84.4 million as of September 30, 2021[14] - The total equity as of March 31, 2022, was HKD 58.8 million, a decrease from HKD 67.9 million as of September 30, 2021[14] - The group reported a decrease in cash and cash equivalents to HKD 62.4 million as of March 31, 2022, from HKD 65.9 million at the beginning of the period[17] - As of March 31, 2022, the total trade receivables amounted to HKD 14.653 million, with a credit loss provision of HKD 6.550 million, resulting in net receivables of HKD 8.103 million[43] - The total lease liabilities as of March 31, 2022, were HKD 23.899 million, compared to HKD 5.016 million as of September 30, 2021[40] - The current ratio as of March 31, 2022, was 3.1 times, compared to 3.8 times as of September 30, 2021[63] - As of March 31, 2022, the group had no significant contingent liabilities[76] - The group has no major uncompleted capital commitments as of March 31, 2022[75] - As of March 31, 2022, the company had no mortgaged assets[79] Operating Activities - The group's net cash from operating activities for the six months ended March 31, 2022, was HKD 1.98 million, compared to HKD 2.13 million for the same period in 2021[17] - The cash outflow for leases for the six months ended March 31, 2022, was approximately HKD 5.553 million, compared to HKD 6.453 million for the same period in 2021[40] - The incremental borrowing rate applicable to lease liabilities was 5.25% for both periods[41] Employee and Administrative Expenses - Employee benefits expenses for the six months ended March 31, 2022, totaled HKD 11,023,000, an increase of 16.7% from HKD 9,435,000 in the previous year[31] - Sales expenses increased from approximately HKD 1.2 million for the six months ended March 31, 2021, to approximately HKD 1.6 million for the six months ended March 31, 2022, primarily due to increased employee costs[57] - Administrative expenses slightly decreased from approximately HKD 12.8 million for the six months ended March 31, 2021, to approximately HKD 12.5 million for the six months ended March 31, 2022[58] Market Outlook - The company anticipates a gradual recovery in the capital markets in 2022, driven by a strong IPO market and the introduction of the SPAC listing framework in Hong Kong[51] Corporate Governance and Compliance - The company complied with all corporate governance codes as per GEM listing rules during the reporting period[94] - The audit committee reviewed the unaudited consolidated results for the six months ended March 31, 2022, and confirmed compliance with applicable accounting standards[97] Other Information - The company has not purchased or sold any property, plant, and equipment during the six months ended March 31, 2022[35] - The company has not applied any new or revised Hong Kong Financial Reporting Standards that would significantly impact the financial statements for the foreseeable future[24] - The company has not incurred any income tax liabilities due to the absence of taxable profits during the reporting period[29] - The company employed a total of 55 full-time employees as of March 31, 2022, down from 59 employees a year earlier[80] - The company has not granted any stock options under its stock option plan since its adoption, and there were no unexercised options as of March 31, 2022[91] - There were no significant events requiring disclosure after March 31, 2022, up to the report date[83] - The group did not have any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended March 31, 2022[77] - The company did not repurchase any of its listed securities during the six months ended March 31, 2022[96] - There were no business interests that could potentially compete with the company's operations as of March 31, 2022[92]
钜京控股(08450) - 2022 - 中期财报