Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 173,869,000, a decrease of 20% compared to HKD 217,507,000 for the same period in 2021[9] - The company reported a loss of HKD 6,935,000 for the six months ended September 30, 2022, compared to a loss of HKD 467,000 for the same period in 2021[9] - The group reported a net loss of HKD 6,935,000 for the six months ended September 30, 2022, compared to a loss of HKD 467,000 in the same period of 2021[40] - The company recorded a total comprehensive loss of HKD 7,592,000 for the six months ended September 30, 2022, compared to a loss of HKD 277,000 in the same period of the previous year[14] - Total revenue decreased by approximately HKD 43.6 million or 20.1% to about HKD 173.9 million for the six months ended September 30, 2022, compared to approximately HKD 217.5 million for the same period in 2021[61] Cost Management - Employee benefit expenses decreased by 13% to HKD 23,026,000 from HKD 26,656,000 year-on-year[9] - Transportation costs decreased by 31% to HKD 67,923,000 from HKD 98,746,000 year-on-year[9] - The total employee costs for the six months ended September 30, 2022, were HKD 23,026,000, a decrease from HKD 26,836,000 in the same period of 2021[36] - Warehousing operating costs decreased by approximately HKD 1.1 million or 7.7% to about HKD 12.9 million for the six months ended September 30, 2022, from approximately HKD 14.0 million for the same period in 2021[71] - Other expenses decreased by approximately HKD 1.6 million or 34.3% to about HKD 3.1 million for the six months ended September 30, 2022, from approximately HKD 4.7 million for the same period in 2021[72] Assets and Liabilities - Total assets decreased to HKD 87,908,000 from HKD 106,881,000 as of March 31, 2022[11] - The company’s current liabilities increased to HKD 96,523,000 from HKD 103,831,000 as of March 31, 2022[11] - The net current liabilities position was HKD 8,615,000 as of September 30, 2022, compared to a net current assets position of HKD 3,050,000 as of March 31, 2022[11] - As of September 30, 2022, the company's non-current liabilities increased to HKD 20,540,000 from HKD 19,968,000 as of March 31, 2022, representing a growth of approximately 2.86%[12] - The net asset value decreased to HKD 47,068,000 from HKD 54,660,000, indicating a decline of about 13.9%[12] Cash Flow - The company reported a net cash inflow from operating activities of HKD 6,444,000 for the six months ended September 30, 2022, down from HKD 11,121,000 in the same period of 2021, a decrease of approximately 42.5%[16] - Cash and cash equivalents at the end of the period were HKD 8,170,000, a significant decrease from HKD 29,581,000 at the end of the previous year, reflecting a decline of about 72.4%[16] - Cash and bank balances as of September 30, 2022, totaled approximately HKD 8.2 million, down from HKD 21.7 million as of March 31, 2022[84] Revenue Breakdown - Revenue from air cargo terminal operations, transportation services, and warehousing and other value-added services decreased significantly, with air cargo terminal operations revenue dropping from HKD 50,381,000 in 2021 to HKD 49,081,000 in 2022 for the six-month period[24] - Revenue from Hong Kong operations for the six months ended September 30, 2022, was HKD 169,017,000, down 20.5% from HKD 212,630,000 in 2021[28] - Major customers contributing over 10% of the group's revenue included Customer A with HKD 70,874,000 and Customer B with HKD 52,063,000 for the six months ended September 30, 2022, both showing declines from the previous year[31] Future Outlook - The company has not provided specific guidance for future performance in the report[9] - There is no mention of new products, technologies, or market expansion strategies in the interim report[9] - The company aims to leverage existing industry knowledge to expand core strengths and explore more business opportunities in the future[60] Shareholder Information - 3C Holding Limited holds 330,120,000 shares, representing approximately 68.8% of the company's issued share capital[98] - Kwan Cheng Limited owns about 6.2% of the company's total issued share capital, equating to 29,880,000 shares[99] - The group did not declare any dividends for the six months ended September 30, 2022[37] - The company did not declare or recommend any dividends for the six months ended September 30, 2022, consistent with the same period in 2021[92] Compliance and Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2022, ensuring compliance with applicable accounting standards and GEM Listing Rules[113] - The report complies with all requirements set forth by the GEM listing rules[115] - The mid-term report for the fiscal year 2022/2023 is available on the company's website and the Hong Kong Stock Exchange website[115] - The chairman of the board, Mr. Chan Lit Pong, presented the mid-term report on November 14, 2022[116]
亚洲速运(08620) - 2023 - 中期财报