Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 10,537,000, a significant increase of 199% compared to HKD 3,517,000 for the same period in 2022[4] - The cost of services provided for the same period was HKD 8,006,000, up from HKD 2,922,000 in 2022, resulting in a gross profit of HKD 2,531,000, compared to HKD 595,000 in the previous year[4] - The company recorded a loss before tax of HKD 18,074,000 for the six months ended September 30, 2023, a slight improvement from a loss of HKD 19,897,000 in the same period of 2022[4] - Total comprehensive loss for the period was HKD 18,200,000, compared to HKD 20,503,000 in the previous year, indicating a reduction in overall losses[6] - The company reported a basic and diluted loss per share of HKD 0.97 for the six months ended September 30, 2023, an improvement from HKD 1.66 in the same period of 2022[4] - The total loss attributable to equity holders for the six months ended September 30, 2023, was HKD 18,074,000, a decrease from HKD 19,897,000 in the same period of 2022[38] - The company recorded a net loss attributable to shareholders of approximately HKD 18.1 million for the reporting period, a decrease from HKD 19.9 million in 2022[1] Assets and Liabilities - As of September 30, 2023, the company's total assets less current liabilities stood at HKD 45,754,000, down from HKD 58,925,000 as of March 31, 2023[10] - The company's net asset value decreased to HKD 40,035,000 from HKD 52,352,000 as of March 31, 2023, reflecting a decline in equity[10] - Trade receivables increased to HKD 13,320,000 from HKD 8,326,000, indicating a growth in outstanding customer payments[8] - The company’s accumulated losses increased to HKD 123,950,000 as of September 30, 2023, from HKD 105,876,000 as of April 1, 2023[12] - The company’s total liabilities included a repayment of bonds amounting to HKD 8,162,000 during the financing activities[14] - The total assets and total liabilities as of September 30, 2023, were approximately HKD 91.6 million and HKD 51.6 million, respectively, compared to HKD 111.5 million and HKD 59.1 million as of March 31, 2023[2] Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2023, was HKD 10,964,000, compared to a net cash used of HKD 10,813,000 in the same period of 2022[14] - The company reported a net cash used in financing activities of HKD 2,730,000 for the six months ended September 30, 2023, compared to HKD 5,244,000 in the previous year[14] - Cash and cash equivalents decreased by HKD 4,049,000 during the reporting period, ending with HKD 6,907,000 compared to HKD 11,015,000 at the beginning of the period[14] - The company issued share capital amounting to HKD 5,883,000 during the financing activities, contributing to the overall cash flow[14] - The company has allocated HKD 12.8 million for improving smart point-of-sale terminals, with HKD 2.4 million remaining unutilized as of September 30, 2023[122] Operational Developments - The company has not disclosed any new product developments or market expansion strategies during this reporting period[4] - There were no significant mergers or acquisitions reported in the latest financial results[4] - The company completed the acquisition of bCode optical scanning technology on March 30, 2023, which will enhance its service offerings in the Philippines[91] - The company continues to monitor the impact of the COVID-19 pandemic on its operations and is adjusting its business strategies accordingly[89] - The company anticipates ongoing challenges in its Thai operations due to residual effects of the pandemic and competition from other tourist destinations[89] Shareholder Information - The company did not recommend any dividend for the six months ended September 30, 2023, consistent with the previous year[40] - The company has no predetermined dividend payout ratio and any future dividends will depend on various factors including operating performance and financial condition[6] - The company’s total issued and paid-up ordinary shares as of September 30, 2023, is 1,898,106,667[73] - Major shareholder Mobile Technology Holdings Limited holds 476,666,667 shares, accounting for approximately 25.11% of the company's issued shares[140] - The company has not granted any options under the share option scheme since its adoption on September 18, 2018, with a total of 100,000,000 shares available for issuance under the scheme, representing 10% of the total shares issued at the time of listing[162] Corporate Governance - The company has adopted the corporate governance code as a framework to protect shareholder interests and enhance corporate value since its listing on GEM on October 16, 2018[148] - The board of directors believes that the current arrangement of combining the roles of CEO and Chairman is beneficial for timely decision-making[150] - The company has not complied with certain GEM listing rules regarding the number of independent non-executive directors and the composition of the audit committee[153] - The company is committed to maintaining high standards of corporate governance and will review its board structure regularly[151] - The audit committee reviewed the interim financial statements and found them to comply with applicable accounting standards and adequately disclosed[166]
东方支付集团控股(08613) - 2024 - 中期财报