Financial Performance - For the six months ended September 30, 2023, the group's unaudited revenue was approximately HKD 40,006,000, a decrease of about 30.68% compared to the same period in 2022[5]. - The loss attributable to owners of the company for the six months ended September 30, 2023, was approximately HKD 1,763,000, compared to a profit of approximately HKD 2,931,000 in the same period of 2022[5]. - The loss per share from continuing operations for the six months ended September 30, 2023, was approximately HKD 0.07[5]. - The group's gross profit for the six months ended September 30, 2023, was HKD 6,100,000, down from HKD 10,049,000 in the same period of 2022[6]. - The group reported a pre-tax loss from continuing operations of HKD 1,452,000 for the six months ended September 30, 2023, compared to a profit of HKD 4,279,000 in the same period of 2022[6]. - For the six months ended September 30, 2023, the company reported a total comprehensive loss of HKD 1,763,000, compared to a comprehensive profit of HKD 2,931,000 for the same period in 2022, representing a shift of 160%[11]. - The company's total revenue for the six months ended September 30, 2023, was HKD 40,006,000, a decrease of 31% from HKD 57,714,000 in the same period of 2022[21]. - The company incurred a net loss of HKD 1,763,000 for the six months ended September 30, 2023, compared to a profit of HKD 2,931,000 for the same period in 2022, indicating a significant downturn in performance[11]. Revenue Breakdown - Revenue from the dry bulk shipping and logistics services segment for the six months ended September 30, 2023, was HKD 32,842,000, a decrease of 29% from HKD 46,414,000 in the same period of 2022[21]. - Revenue from the IP automation and entertainment segment for the six months ended September 30, 2023, was HKD 7,164,000, down 37% from HKD 11,300,000 in the same period of 2022[21]. - The dry bulk shipping and logistics services generated revenue of HKD 32,840,000, a decrease of about 29.24% compared to HKD 46,410,000 in 2022, primarily due to a decline in international logistics and global economic downturn[46]. - The IP automation and entertainment business reported revenue of approximately HKD 7,160,000, down about 36.60% from HKD 11,300,000 in the previous year, mainly due to reduced income from brand management and marketing consulting services[47]. Expenses and Liabilities - The administrative and operating expenses for the six months ended September 30, 2023, were HKD 7,517,000, compared to HKD 6,370,000 in the same period of 2022[6]. - The total liabilities as of September 30, 2023, were HKD 22,524,000, with segment liabilities for dry bulk shipping at HKD 14,670,000 and IP automation and entertainment at HKD 6,316,000[25]. - Employee benefits expenses, including salaries and bonuses, totaled HKD 4,177,000 for the six months ended September 30, 2023, compared to HKD 2,822,000 for the same period in 2022[26]. - The total employee benefits expenses for the six months ended September 30, 2023, amounted to approximately HKD 4,496,000, compared to HKD 2,971,000 in the same period last year[57]. Assets and Equity - Total current assets as of September 30, 2023, were HKD 38,781,000, a slight decrease from HKD 40,038,000 as of March 31, 2023[8]. - The net current assets as of September 30, 2023, were HKD 16,628,000, down from HKD 18,714,000 as of March 31, 2023[10]. - The total equity attributable to owners of the company as of September 30, 2023, was HKD 17,515,000, compared to HKD 19,278,000 as of March 31, 2023[10]. - The total equity attributable to owners of the company decreased to HKD 17,515,000 as of September 30, 2023, from HKD 20,579,000 as of September 30, 2022, reflecting a decline of 15%[11]. - As of September 30, 2023, the group's total assets and net asset value were approximately HKD 40,039,000 and HKD 17,515,000, respectively[51]. Dividends and Corporate Governance - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2023[5]. - The board did not recommend any dividend for the six months ended September 30, 2023, consistent with the previous year[27]. - The company has adopted a code of conduct regarding securities trading by directors, which complies with the GEM Listing Rules[81]. - The company has adhered to the corporate governance code as per the GEM Listing Rules, with the exception of the chairman's attendance at the annual general meeting[82]. - The board of directors has established an audit committee to oversee financial reporting and internal control systems, consisting of three independent non-executive directors[85]. - The unaudited condensed consolidated interim financial statements for the six months ended September 30, 2023, have been reviewed by the audit committee and comply with applicable accounting standards and regulations[85]. Business Operations and Future Plans - The company has successfully met the resumption guidelines set by the Stock Exchange, allowing for the resumption of trading on October 3, 2023[60]. - The company demonstrated substantial, viable, and sustainable business operations in compliance with GEM Listing Rule 17.26, as confirmed by the Listing Review Committee[61]. - The company has maintained sufficient operational levels and asset values to support its operations during the suspension of trading since May 17, 2022[62]. - The logistics service business has resumed operations, focusing on dry bulk shipping and related agency services, contributing to revenue growth[65]. - The company has completed renovations for a large-scale entertainment experience park in Westwood, contributing to revenue in Q3 2022[65]. - The Huizhou children's amusement park commenced operations in May 2023, with a total area of 1,500 square meters, expected to generate sustainable income over the next 10 years[68]. - The Baoan children's amusement park began operations in August 2023, ahead of the initial schedule, also expected to provide ongoing revenue[68]. - A distribution agreement was signed with Shanghai Fengka Games for the Pokémon card game, enhancing distribution channels and accessibility for fans[69]. - The company is actively seeking partnerships to open entertainment venues in Hong Kong and Macau, expanding its market presence[66]. - The group seeks to diversify its entertainment business by leveraging its experience in operating entertainment stores, amusement parks, and IP products to provide brand management and marketing consulting services for cultural industry parks and shopping centers in China, Hong Kong, and Macau[70]. - The group has been providing consulting services for brand building, marketing, and business development in the cultural and creative industry parks since 2021, aiming to expand revenue sources through existing IP-related entertainment brand construction and marketing teams[70]. Shareholder Information - As of September 30, 2023, the company has a total of 15,000 stock options unexercised, with 12,500 options held by employees and 2,500 options held by consultants[72]. - Ms. He Chaozhen holds 407,890,000 shares, representing approximately 15.61% of the company, while Ms. Wen Yingyi holds 441,900,000 shares, representing approximately 16.91%[74]. - Mr. Chen Yufeng is a major shareholder with 251,462,500 shares, accounting for approximately 9.62% of the company, and Mr. Lin Jinhong holds 163,900,000 shares, representing approximately 6.27%[76]. - The company and its subsidiaries did not purchase, redeem, or sell any of the company's listed securities during the six months ending September 30, 2023[78].
宏海控股集团(08020) - 2024 - 中期财报