Revenue and Income - Revenue for the six months ended December 31, 2023, was HK$13,848,000, a decrease of 7.7% compared to HK$15,004,000 for the same period in 2022[5]. - Service income decreased to HK$9,573,000, down 19.6% from HK$11,910,000 in the previous year[5]. - The hotel hospitality business generated revenue of approximately HK$9.6 million, down from approximately HK$11.9 million in the previous year, with a segment loss of approximately HK$0.9 million[140]. - The hotel hospitality business contributed approximately 69% of the Group's total revenue for the period[141]. - The revenue from the liquor and wine business for the six months ended December 31, 2023, was HK$35,000, compared to nil for the same period in 2022, with a segment loss of approximately HK$0.2 million[178]. - Dividend income from investments in listed securities increased to HK$4,240,000, up 47.7% from HK$2,867,000 in the previous year[27]. Loss and Financial Performance - The net loss for the period attributable to owners of the Company was HK$54,554,000, compared to a loss of HK$47,745,000 in the prior year, representing an increase in loss of 14.5%[5]. - Total comprehensive income for the period attributable to owners was a loss of HK$47,893,000, compared to a loss of HK$40,342,000 in the same period last year[6]. - The total segment loss for the six months ended December 31, 2023, was HK$48,335,000, compared to a loss of HK$47,226,000 in the prior year, indicating a slight increase in losses[37]. - The loss attributable to owners of the Company for the same period was approximately HK$54.6 million, compared to a loss of approximately HK$47.7 million in the prior year[139]. - The basic and diluted loss per share attributable to owners was HK(0.35) cent, compared to HK(0.30) cent in the previous year[6]. Assets and Liabilities - Current assets decreased to HK$280,694,000 from HK$332,313,000, a decline of 15.5%[8]. - Non-current assets increased to HK$277,689,000 from HK$270,459,000, an increase of 2.4%[8]. - Total current liabilities decreased to HK$41,624,000 from HK$56,640,000, a reduction of 26.5%[8]. - As of December 31, 2023, the total equity of the company decreased to HK$478,255,000 from HK$526,148,000 as of June 30, 2023, representing a decline of approximately 9.1%[9]. - The total borrowings as of December 31, 2023, were HK$30,990,000, down from HK$46,184,000 as of June 30, 2023[115]. Cash Flow - The net cash used in operating activities for the six months ended December 31, 2023, was HK$10,329,000, compared to a net cash generated of HK$814,000 for the same period in 2022[13]. - The net cash generated from investing activities was HK$9,687,000 for the six months ended December 31, 2023, a significant decrease from HK$37,861,000 in the prior year[13]. - The company's cash and cash equivalents at the end of the period were HK$119,843,000, slightly down from HK$120,833,000 at the end of December 2022[13]. - As of December 31, 2023, the Group had approximately HK$120.5 million in cash and deposits, a decrease from approximately HK$124.3 million as of June 30, 2023[192][195]. Investments and Fair Value - The Group's listed securities had a fair value of HK$146.8 million as of 31 December 2023, an increase from HK$118.2 million as of 30 June 2023[131][134]. - The fair value loss of listed securities for the six months ended December 31, 2023, was HK$27,927,000, compared to a loss of HK$44,727,000 for the same period in 2022[88]. - The Group's investment strategy includes a buy and hold approach, diversifying investments across different industries[185]. - The Group managed a portfolio of listed securities, with specific investments including CLP Holdings Limited, which accounted for approximately 2.52% of the Group's total asset value[182]. Loans and Receivables - Gross loans and interest receivables amounted to HK$220,972,000 as of December 31, 2023, down from HK$230,689,000 as of June 30, 2023[98]. - The Group's loans receivable as of December 31, 2023, amounted to approximately HK$146.9 million, down from HK$161.9 million as of June 30, 2023[158]. - The Group's loan portfolio consisted of four individual borrowers and three corporate borrowers, with total outstanding principal and interest receivables amounting to approximately HK$220.97 million as of December 31, 2023[160]. - The expected credit loss for loan receivables was HK$8,693,000 as of June 30, 2023, with a reversal of HK$200,000 recorded for the period ending December 31, 2023[107]. Management and Future Outlook - The management remains optimistic about the future of the hotel hospitality business despite the challenges faced during the pandemic[152]. - The Group has plans to renovate the Resort Towers and develop adjacent land for villas, although the implementation has faced disruptions due to the decline in the tourism industry in Japan[144]. - Renovation works for the annex and one of the two towers are scheduled to commence in April 2024, during the off-season for the hotel hospitality business in Niseko[150]. - The outlook for the hotel hospitality businesses indicates a continued recovery in Japan, particularly in Niseko, driven by an increase in foreign tourists due to the depreciation of the Japanese Yen[189].
德泰新能源集团(00559) - 2024 - 中期财报