Financial Performance - Revenue for the six months ended September 30, 2023, was approximately HKD 23.1 million, a decrease of about 24.0% compared to HKD 30.4 million for the same period in 2022[2] - Loss attributable to owners of the company was approximately HKD 3.7 million, compared to a loss of HKD 3.6 million for the same period in 2022[2] - Basic loss per share attributable to owners of the company was HKD 0.52[3] - Total comprehensive loss for the six months ended September 30, 2023, was HKD 3.6 million, compared to HKD 3.6 million for the same period in 2022[3] - The total comprehensive income for the period was a loss of HKD 3,686,000, compared to a loss of HKD 3,572,000 in the same period of 2022, indicating a slight increase in losses[7] - The group recorded a loss attributable to owners of the company of approximately HKD 3.7 million for the six months ended September 30, 2023, compared to a loss of approximately HKD 3.6 million in the same period in 2022[104] Assets and Liabilities - Non-current assets as of September 30, 2023, totaled HKD 37.4 million, down from HKD 63.5 million as of March 31, 2023[4] - Current assets as of September 30, 2023, amounted to HKD 439.8 million, an increase from HKD 409.3 million as of March 31, 2023[4] - Total liabilities as of September 30, 2023, were HKD 133.2 million, compared to HKD 126.6 million as of March 31, 2023[4] - The total assets as of September 30, 2023, amounted to HKD 409,700,000, compared to HKD 425,422,000 as of September 30, 2022[31] - The total liabilities as of September 30, 2023, were HKD 33,943,000, an increase from HKD 27,628,000 in the previous year[31] - Total assets as of September 30, 2023, amounted to HKD 477,139,000, an increase of 1% from HKD 472,803,000 as of March 31, 2023[34] - Total liabilities increased to HKD 137,285,000 as of September 30, 2023, compared to HKD 131,906,000 as of March 31, 2023, reflecting a rise of 4%[34] Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2023, was HKD 65,000, a significant improvement compared to a cash outflow of HKD 7,908,000 in the same period of 2022[10] - The company reported a net cash inflow from investing activities of HKD 1,122,000 for the six months ended September 30, 2023, compared to HKD 4,971,000 in the previous year, indicating a decrease of approximately 77.5%[10] - The financing activities resulted in a net cash outflow of HKD 907,000 for the six months ended September 30, 2023, compared to a net outflow of HKD 124,000 in the same period of 2022[10] - The company’s cash and cash equivalents increased to HKD 6,808,000 as of September 30, 2023, from HKD 6,528,000 at the beginning of the period, representing a growth of approximately 4.3%[10] - The company raised HKD 4,584,000 from the placement of shares during the period, contributing positively to its cash flow[10] Employee Expenses - The company reported a decrease in employee benefit expenses to HKD 15.3 million for the six months ended September 30, 2023, from HKD 19.9 million in the same period of 2022[3] - Employee benefit expenses for the six months ended September 30, 2023, totaled HKD 15,271,000, a decrease of 23% from HKD 19,947,000 in the same period of 2022[41] - Employee benefits expenses for the six months ended September 30, 2023, were approximately HKD 15.3 million, compared to HKD 19.9 million for the same period in 2022, reflecting a decrease of about 23.1%[128] Revenue Breakdown - Revenue from assessment and consultancy services for the six months ended September 30, 2023, was HKD 11,213,000, down 37.5% from HKD 17,993,000 in the previous year[29] - The financing services interest income for the six months ended September 30, 2023, was HKD 9,525,000, a decrease of 22.2% from HKD 12,253,000 in the same period of 2022[29] - Revenue from valuation and advisory services contributed approximately 48.5% to total revenue, decreasing from about HKD 18.0 million to approximately HKD 11.2 million, a decline of 37.7%[98] - Revenue from financing services contributed approximately 41.2% to total revenue, with interest income dropping from about HKD 12.3 million to approximately HKD 9.5 million, a decrease of 22.3%[98] - The securities brokerage, placement, and underwriting segment accounted for approximately 10.3% of total revenue, increasing significantly from about HKD 0.2 million to approximately HKD 2.4 million[98] Corporate Governance - The company has adhered to all provisions of the corporate governance code as of September 30, 2023, except for the separation of roles between the Chairman and the CEO, which are held by the same individual[144] - The audit committee consists of three members, all of whom are independent non-executive directors, and has reviewed the interim financial statements[150] - The company emphasizes maintaining a high-quality board composition and effective accountability systems to protect shareholder interests[144] - The board believes that having the same person serve as both Chairman and CEO provides strong leadership and enhances efficiency in decision-making[144] Strategic Focus - The company continues to focus on investment holding and providing advisory services, with no new product launches or significant market expansions reported in the current period[11] - The company plans to continue focusing on expanding its assessment and consultancy services despite the recent revenue decline[28] - The group aims to expand its advisory services and explore various merger and acquisition opportunities to strengthen its market position in Hong Kong[113] - The group has submitted an application to the Securities and Futures Commission to engage in virtual asset-related activities, pending regulatory approval[113] Shareholder Information - The company did not declare any dividends for the reporting period[2] - The company did not recommend the payment of dividends for the six months ended September 30, 2023, consistent with the same period in 2022[48] - Aperto Investments Limited holds 230,360,000 shares, representing 27.34% of the issued shares as of September 30, 2023[139] - The company did not repurchase any of its listed shares on GEM during the six months ended September 30, 2023[140] Other Financial Information - The company’s total equity attributable to owners was HKD 348.6 million as of September 30, 2023, slightly down from HKD 349.7 million as of March 31, 2023[6] - The accumulated losses increased to HKD 308,962,000 as of September 30, 2023, from HKD 305,276,000 as of April 1, 2023, reflecting an increase of approximately 0.9%[7] - The company’s loans bear interest rates ranging from approximately 6% to 48% as of September 30, 2023[58] - The company’s investment properties are valued based on the highest and best use measurement, with no significant differences from their actual use[55]
罗马元宇宙集团(08072) - 2024 - 中期财报