Financial Performance - For the six months ended September 30, 2023, the company reported a revenue of HKD 61,619,000, compared to HKD 29,510,000 for the same period in 2022, representing a 108.5% increase[3] - The gross profit for the same period was HKD 41,408,000, significantly up from HKD 21,397,000 in 2022, indicating a 93.8% increase[3] - The operating loss narrowed to HKD 194,000 from HKD 26,109,000 in the previous year, showing a substantial improvement[3] - The net loss for the period was HKD 4,592,000, a significant reduction from HKD 30,001,000 in the prior year, reflecting a 84.7% decrease[3] - The group reported a net loss of HKD 4,592,000 for the six months ended September 30, 2023, compared to a net loss of HKD 11,609,000 for the same period in 2022, indicating an improvement in performance[33] - Operating cash flow for the six months ended September 30, 2023, was HKD 22,665,000, up from HKD 17,851,000 in the previous year, representing a 27.5% increase[24] - The group's total comprehensive income for the period was HKD 4,663,000, compared to a loss of HKD 11,609,000 in the prior year, showing a significant recovery[24] - The group experienced a significant improvement in profit, reporting a profit of HKD 3,250 thousand for the six months ended September 30, 2023, compared to a loss of HKD 21,843 thousand in the same period last year[47] Assets and Liabilities - The total assets as of September 30, 2023, were HKD 664,991,000, down from HKD 688,100,000 as of March 31, 2023[10] - Non-current assets decreased to HKD 568,025,000 from HKD 591,139,000, indicating a decline of 3.9%[10] - The total liabilities decreased to HKD 325,214,000 from HKD 348,394,000, showing a reduction of 6.7%[13] - The group’s current liabilities net amount improved to approximately HKD 23,434,000 as of September 30, 2023, from HKD 35,715,000 as of March 31, 2023[33] - The total liabilities as of September 30, 2023, were HKD 116,235,000, down from HKD 126,105,000 as of March 31, 2023, reflecting a decrease of 7.8%[76] Cash Flow and Financing - The company reported financing income of HKD 282,000, up from HKD 58,000 in the previous year, marking a 386.2% increase[3] - The company’s cash and cash equivalents stood at HKD 34,976,000, down from HKD 37,528,000 as of March 31, 2023[10] - Cash and cash equivalents increased by HKD 5,628,000 during the six months, resulting in a closing balance of HKD 31,525,000, compared to HKD 5,514,000 at the end of the previous year[27] - The group’s net cash used in investing activities was HKD 9,710,000, compared to a net cash inflow of HKD 6,733,000 in the previous year, indicating a shift in investment strategy[24] - As of September 30, 2023, the group had outstanding borrowings of RMB 30,000,000 (approximately HKD 32,190,000) with an interest of RMB 10,900,000 (approximately HKD 11,696,000) at a fixed annual interest rate of 7.5%[78] Revenue Segments - The group reported segment revenue of HKD 29,510 thousand for the period, with contributions from various segments including HKD 15,186 thousand from licensing and HKD 7,291 thousand from cinema operations[41] - Revenue from Mainland China surged to HKD 38,941,000, compared to HKD 8,570,000 in the previous year, marking an increase of 354.5%[51] - Revenue from film screenings and licensing increased from approximately HKD 7,300,000 to HKD 27,800,000, highlighting the success of new media partnerships[92] - The group's cinema operations in China saw revenue increase from approximately HKD 7,000,000 to HKD 15,000,000 due to the gradual recovery post-COVID-19[95] Investments and Expenditures - The group incurred capital expenditures of HKD 1,233,000 for the purchase of property, machinery, and equipment, down from HKD 2,596,000 in the previous year, reflecting a reduction in investment[24] - The group recorded depreciation of property, plant, and equipment amounting to HKD 6,098 thousand for the period[41] - The group recorded a fair value loss on investment properties of HKD 12,086 thousand during the period[41] - The investment property portfolio experienced a revaluation loss of about HKD 10,200,000, down from HKD 12,100,000 in the previous year[96] Corporate Governance and Compliance - Major shareholder Li Guoxing held a beneficial interest of 56.06% in the company as of September 30, 2023[104] - The group has complied with the corporate governance code as per the listing rules during the six months ending September 30, 2023[116] - The group has adopted a code of conduct for securities trading by directors, ensuring compliance with the standard code[118] - The Audit Committee, consisting of three independent non-executive directors, reviewed the interim performance for the six months ended September 30, 2023[120] Dividends and Share Repurchase - The company did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[64] - The group does not recommend the payment of an interim dividend for the six months ended September 30, 2023, compared to no dividend in 2022[88] - The company did not repurchase any shares during the six months ended September 30, 2023[119]
美亚娱乐资讯(00391) - 2024 - 中期财报