Financial Performance - For the six months ended December 31, 2023, the company's revenue was HKD 22,329,000, a decrease of 68.4% compared to HKD 70,606,000 in the same period of 2022[2] - The gross profit for the same period was HKD 8,037,000, down 48.5% from HKD 15,595,000 year-on-year[2] - The company reported a loss before tax of HKD 36,118,000, compared to a loss of HKD 27,628,000 in the previous year, representing a 30.1% increase in losses[3] - The total comprehensive loss for the period was HKD 39,361,000, a decrease of 17.0% from HKD 47,458,000 in the prior year[3] - The basic and diluted loss per share for the period was HKD 1.24, compared to HKD 1.02 in the same period last year, reflecting a 21.6% increase in loss per share[3] - The company reported a total loss of HKD 35,564,000 for the six months ended December 31, 2023, compared to a loss of HKD 25,510,000 for the same period in 2022[12] - The group’s revenue decreased by 68% from HKD 70,606,000 to HKD 22,329,000 for the six months ending December 31, 2023[61] - The group recorded a net loss for the period increased by 39% to HKD 35,564,000, primarily due to the fair value loss of financial assets[70] Asset and Equity Position - The company's non-current assets increased to HKD 396,957,000 as of December 31, 2023, up from HKD 349,304,000 as of June 30, 2023[4] - The company's total assets less current liabilities stood at HKD 890,837,000, slightly down from HKD 897,996,000[4] - Total assets as of December 31, 2023, amounted to HKD 1,279,627,000, with liabilities totaling HKD 480,283,000, resulting in a net asset position[11] - The total equity attributable to the owners of the company was HKD 796,872,000, a slight decrease from HKD 797,464,000[4] - The total equity of the company as of December 31, 2023, was HKD 799,344,000, with total bank and other borrowings at HKD 210,123,000, maintaining a debt-to-equity ratio of approximately 26%[73] Cash Flow and Liquidity - Cash and cash equivalents rose to HKD 52,789,000 from HKD 20,609,000, indicating a significant increase in liquidity[4] - As of December 31, 2023, the company's current assets were HKD 882,670,000, down from HKD 950,514,000 as of June 30, 2023, while current liabilities decreased to HKD 388,790,000 from HKD 401,822,000, resulting in a current ratio of approximately 2.3[73] Segment Performance - The performance of the resort and property development segment reported a profit of HKD 2,856,000, while the property investment and investment holding segments reported losses of HKD 3,855,000 and HKD 20,037,000 respectively, leading to a total segment loss of HKD 21,036,000[11] Investment and Fair Value - The fair value loss on financial assets amounted to HKD 19,551,000, indicating significant impairment in the investment portfolio[12] - The fair value of investment properties as of December 31, 2023, was HKD 329,744,000, up from HKD 280,900,000 at the beginning of the reporting period, showing an increase of approximately 17.4%[23] - The fair value of the company's investment properties was HKD 329,744,000 as of December 31, 2023, up from HKD 280,900,000 as of June 30, 2023[50] - The fair value loss of financial assets measured at fair value through profit or loss increased by 114% to HKD 19,551,000, primarily due to the decline in the share price of 卓爾智聯[63] Costs and Expenses - Total employee costs for the six months ended December 31, 2023, amounted to HKD 6,408,000, compared to HKD 6,077,000 for the same period in 2022, reflecting an increase of approximately 5.4%[18] - Administrative expenses increased from approximately HKD 11,017,000 for the six months ending December 31, 2022, to about HKD 14,820,000 for the same period in 2023[46] - Financing costs increased to HKD 5,145,000 for the six months ended December 31, 2023, up from HKD 4,540,000 in the previous year[16] Share Issuance and Dividends - The group issued 550,000,000 new shares at HKD 0.068 per share, increasing the total issued shares to 3,055,105,739 as of December 31, 2023[39] - The net proceeds from the share issuance will be used for general working capital of approximately HKD 26,558,000 and potential investment opportunities of approximately HKD 10,000,000[40] - The group did not recommend an interim dividend for the six months ended December 31, 2023, compared to no dividend for the same period in 2022[41] Legal and Compliance - The group has a pending civil lawsuit involving claims of approximately HKD 21,848,000 related to construction deposits and loans[42] - The company has adhered to the corporate governance code, with the exception of the separation of the roles of Chairman and CEO, which are held by the same individual[86] Future Outlook - The company aims to optimize its asset structure and business development quality while seeking new development opportunities amidst external challenges in 2024[60]
诺科达科技(00519) - 2024 - 中期业绩