Financial Performance - For the three months ended December 31, 2023, the company reported revenue of HKD 1,478,998,000, a 2.5% increase from HKD 1,437,847,000 in the same period of 2022[8] - For the six months ended December 31, 2023, the company achieved revenue of HKD 2,908,186,000, representing a 20% increase compared to HKD 2,426,138,000 in the prior year[8] - The gross profit for the three months ended December 31, 2023, was HKD 7,618,000, compared to HKD 758,000 in the same period of 2022, indicating a significant improvement[8] - The company reported a loss before tax of HKD 2,327,000 for the three months ended December 31, 2023, a reduction from a loss of HKD 3,055,000 in the previous year[8] - The total comprehensive loss for the six months ended December 31, 2023, was HKD 6,550,000, down from HKD 17,298,000 in the same period of 2022, showing a positive trend[9] - For the six months ended December 31, 2023, the company reported total revenue of HKD 2,908,186 thousand, an increase of 19.8% compared to HKD 2,426,138 thousand for the same period in 2022[23] - The company incurred a loss of HKD 6,405 thousand during the period, compared to a loss of HKD 16,202 thousand in the same period last year, representing a 60.5% improvement[14] - The company reported a loss before tax of HKD 5,377 for the six months ended December 31, 2023, compared to a loss of HKD 15,465 for the same period in 2022, representing a 65.2% improvement[27] - The group recorded revenue of approximately HKD 2,908,190,000 for the six months ending December 31, 2023, representing a 20% increase compared to HKD 2,426,140,000 in the same period of 2022[44] - Gross profit increased from HKD 4,480,000 in 2022 to HKD 15,860,000 in 2023, with the overall gross margin rising from 0.18% to 0.54%[44] - The group recorded a net loss attributable to owners of approximately HKD 6,400,000, a reduction from HKD 16,200,000 in the previous year[47] Assets and Liabilities - As of December 31, 2023, the company's non-current assets totaled HKD 18,415,000, a decrease from HKD 21,145,000 as of June 30, 2023[11] - The company's cash and cash equivalents stood at HKD 84,436,000 as of December 31, 2023, down from HKD 105,081,000 at the end of June 2023[11] - As of December 31, 2023, the total assets less current liabilities amounted to HKD 344,454 thousand, a decrease from HKD 353,591 thousand as of June 30, 2023[12] - The company's cash and cash equivalents decreased to HKD 84,436 thousand from HKD 146,974 thousand year-on-year, reflecting a decline of 42.5%[18] - The company’s equity attributable to owners was HKD 337,960 thousand, down from HKD 346,085 thousand as of June 30, 2023[14] - Trade payables amounted to HKD 37,101,000 as of December 31, 2023, down from HKD 68,148,000 as of June 30, 2023[43] Operational Highlights - The revenue from fresh agricultural products trade was HKD 2,832,914 thousand, up 19.9% from HKD 2,361,693 thousand year-on-year[23] - Fresh agricultural products segment generated revenue of HKD 2,832,914, accounting for 97.4% of total revenue[27] - The group recorded revenue of approximately HKD 2,832,910,000 for the period, an increase from HKD 2,361,690,000 in 2022, representing a growth of 19.9%[55] - The gross profit for the trading segment increased to HKD 7,620,000, up from HKD 2,520,000 in 2022, indicating significant operational maturity[55] - The group has suspended heating services since May 2023 due to fluctuations in international commodity and energy prices, resulting in no revenue from this segment[54] - The group continues to monitor market conditions to assess the feasibility of resuming operations in the heating services segment[54] Cash Flow and Financing - The net cash used in operating activities was HKD 30,711 thousand, compared to a net cash inflow of HKD 24,365 thousand in the previous year[18] - The company’s financing activities generated a net cash inflow of HKD 1,470 thousand, compared to a net cash outflow of HKD 10,817 thousand in the previous year[18] - The company incurred financing costs of HKD 573 for the six months ended December 31, 2023, down from HKD 736 in the same period of 2022[30] - The group has no bank borrowings as of December 31, 2023[74] Corporate Governance and Shareholder Information - The company has confirmed compliance with the corporate governance code and has not appointed a new CEO since the resignation in January 2021[93] - Major shareholders include Hsu Kung Ming with 110,069,000 shares (29.38%) and Yan Weiwei with 74,474,000 shares (19.88%) as of December 31, 2023[85] - The company has adopted a share option scheme allowing the issuance of a total of 26,662,511 shares, representing approximately 7.12% of the issued shares as of the report date[87] - No options have been granted under the share option scheme since its adoption[87] - There are no interests held by directors or major shareholders in any competing businesses[88] - The company has maintained a high level of corporate governance to enhance shareholder value[93] Future Outlook - Future outlook and performance guidance were not explicitly provided in the report[8] - The company continues to focus on expanding its fresh agricultural products trade and mining services as key growth areas moving forward[26] - The group is actively seeking new strategic opportunities in line with China's modernization tasks and carbon neutrality goals[66] - The group plans to continue investing in water resource management, property investment and development, and infrastructure categories in the second half of 2023[66] - The group aims to enhance its risk management capabilities while maintaining stable growth in core businesses[66]
都都控股(08250) - 2024 - 中期财报