Financial Performance - The company's unaudited revenue for the six months ended September 30, 2023, was approximately HKD 229.4 million, an increase of about 53.4% compared to approximately HKD 149.5 million in the same period last year[9]. - Revenue from natural gas sales increased by approximately 66.2% to about HKD 209.9 million, up from approximately HKD 126.3 million in the previous year, driven by the expansion of the refined oil and chemical products business[14]. - Revenue from the power and data cable business decreased by approximately 15.9% to about HKD 19.5 million, down from approximately HKD 23.2 million, due to intensified competition and the growing popularity of multifunctional cables and wireless connections[15]. - For the six months ended September 30, 2023, the company's revenue was approximately HKD 229,367,000, an increase of 53.4% compared to HKD 149,528,000 for the same period in 2022[29]. - The total revenue for the six months ended September 30, 2023, was HKD 229,367,000, representing a 53.4% increase from HKD 149,528,000 in the same period of 2022[45]. Loss and Profitability - The unaudited loss attributable to the owners of the company increased from approximately HKD 10.8 million to approximately HKD 13.9 million, primarily due to a decrease in gross profit[9]. - The gross profit for the six months ended September 30, 2023, was HKD 3,056,000, a decrease of 65.3% from HKD 8,790,000 in the previous year[29]. - The operating loss for the six months ended September 30, 2023, was HKD 10,680,000, compared to a loss of HKD 5,929,000 for the same period in 2022, indicating a worsening performance[29]. - For the six months ended September 30, 2023, the company reported a loss attributable to owners of HKD 13,928,000, compared to a loss of HKD 10,804,000 for the same period in 2022, representing a 29.5% increase in losses[30]. - The total comprehensive loss attributable to owners for the six months ended September 30, 2023, was HKD 13,402,000, compared to HKD 11,225,000 in 2022, indicating a 19.4% increase[30]. - The total segment loss for the six months ended September 30, 2023, was HKD 7,996,000, compared to a profit of HKD 219,000 in the same period of 2022[44]. - The company reported a consolidated loss of HKD 14,108,000 for the six months ended September 30, 2023, compared to a loss of HKD 9,383,000 in the same period of 2022[44]. Cash Flow and Financial Position - The company's cash and bank balances were approximately HKD 24,200,000 as of September 30, 2023, a decrease of 49.5% from HKD 47,900,000 as of March 31, 2023[21]. - The net cash used in operating activities for the six months ended September 30, 2023, was HKD 15,893,000, compared to a net cash inflow of HKD 9,882,000 in 2022, indicating a significant shift in cash flow[37]. - The company reported a net cash outflow from financing activities of HKD 4,897,000 for the six months ended September 30, 2023, compared to a net cash inflow of HKD 12,125,000 in 2022, showing a reversal in financing cash flow[37]. - The company's total liabilities amounted to approximately HKD 53,300,000, down from HKD 60,000,000 as of March 31, 2023[21]. - The company's current liabilities totaled HKD 85,396,000 as of September 30, 2023, down from HKD 107,415,000 as of March 31, 2023, a decrease of 20.5%[32]. - The company's total assets as of September 30, 2023, were HKD 86,902,000, a decrease from HKD 113,169,000 as of September 30, 2022[43]. - The company's total equity attributable to owners decreased to HKD (7,196,000) as of September 30, 2023, from HKD 6,101,000 as of March 31, 2023, indicating a significant decline in equity[33]. Shareholder Information - As of September 30, 2023, the major shareholder, Mr. Liang Yongchang, holds 1,501,078,281 shares, accounting for 55.71% of the issued share capital[74]. - Mr. Zhang Yesheng directly holds 161,000,000 shares, representing 5.975% of the issued share capital[74]. - The company has not entered into any arrangements during the interim period that would allow directors or major shareholders to profit from acquiring shares or bonds of the company[73]. - The company has not granted any share options to directors or major shareholders during the interim period[69]. - The total number of shares that can be issued under the 2021 plan is capped at 253,346,545 shares, representing 9.4% of the total issued shares[70]. Corporate Governance - The company’s governance practices are aligned with the GEM Listing Rules, ensuring compliance with corporate governance codes[66]. - The company has established an audit committee to review the unaudited consolidated results for the interim period[84]. - All directors confirmed compliance with the trading standards during the interim period[85]. - The company has no direct or indirect competition or conflicts of interest with its directors, controlling shareholders, or their close associates during the reporting period[90].
百能国际能源(08132) - 2024 - 中期财报