Financial Performance - The company reported revenue of HKD 5,735,000 for the six months ended March 31, 2024, representing an increase of 12.0% compared to HKD 5,119,000 in the same period of 2023[7] - The company incurred a pre-tax loss of HKD 2,663,000, compared to a loss of HKD 2,404,000 in the previous year, indicating a deterioration of 10.8%[7] - Basic and diluted loss per share was HKD 0.24, compared to HKD 0.23 in the prior year, showing an increase of 4.3% in loss per share[7] - For the six months ended March 31, 2024, the company reported a total loss of HKD 2,663,000, compared to a loss of HKD 2,404,000 for the same period in 2023, representing an increase in loss of approximately 10.8%[15] - The company reported a decrease in trade receivables by HKD 281,000 for the six months ended March 31, 2024, compared to an increase of HKD 729,000 in the same period of 2023[15] - Net loss for the six months ended March 31, 2024, was approximately HKD 2.7 million, an increase from HKD 2.4 million in the same period of 2023[64] - Other income decreased slightly to HKD 496,000 from HKD 512,000, reflecting a decline of 3.1% year-over-year[7] Assets and Liabilities - Non-current assets increased significantly to HKD 1,013,000 from HKD 69,000, marking a growth of 1,367.2%[9] - Current assets decreased to HKD 27,634,000 from HKD 39,579,000, a decline of 30.2%[9] - Total equity decreased to HKD 27,680,000 from HKD 30,343,000, a reduction of 8.8%[11] - The company reported a net current asset value of HKD 26,911,000, down from HKD 30,518,000, indicating a decrease of 11.5%[9] - The company’s total equity attributable to shareholders decreased to HKD 27,680,000 as of March 31, 2024, down from HKD 30,343,000 as of September 30, 2023, a decline of approximately 8.8%[13] - The company’s total assets as of March 31, 2024, were not explicitly stated in the provided documents, but the financial performance indicates a need for strategic adjustments to improve overall financial health[19] Cash Flow - The company recorded a net cash inflow from operating activities of HKD 6,219,000 for the six months ended March 31, 2024, compared to an outflow of HKD 811,000 in the previous year[15] - The company’s cash and cash equivalents decreased to HKD 21,371,000 as of March 31, 2024, from HKD 22,933,000 at the end of the previous period, reflecting a decrease of approximately 6.8%[16] - The company had cash and cash equivalents totaling HKD 21,371,000 as of March 31, 2024, a decrease of about 10.9% from HKD 23,967,000 as of September 30, 2023[43] - The company’s financing activities resulted in a net cash outflow of HKD 8,219,000 for the six months ended March 31, 2024, compared to a net inflow of HKD 6,090,000 in the same period of 2023[16] Employee and Operational Expenses - Employee benefits expenses for the six months ended March 31, 2024, were approximately HKD 6.6 million, up from HKD 5.3 million in the same period of 2023, reflecting an increase of about HKD 1.3 million[61] - The company incurred employee benefits expenses of HKD 6,558,000, which is a 24% increase from HKD 5,290,000 in the previous year[30] - The company incurred a depreciation expense of HKD 149,000 for the six months ended March 31, 2024, compared to HKD 58,000 in the same period of 2023, indicating an increase of 157.0%[15] Strategic Initiatives - The company has adopted a competitive pricing strategy in response to intense price competition in the corporate finance advisory sector[55] - The company is actively exploring and expanding new business areas, particularly in asset management advisory services[56] - The board believes that the company's professional team continues to provide high-quality services, which will contribute to ongoing improvements in performance[58] Governance and Compliance - The board confirmed compliance with the corporate governance code during the six months ended March 31, 2024[78] - The company has established an audit committee in compliance with GEM listing rules, consisting of three independent non-executive directors[90] - The audit committee is responsible for reviewing the group's annual, semi-annual, and quarterly reports, as well as overseeing risk management and internal control systems[90] Client and Revenue Sources - Major clients contributing over 10% of total revenue included Client A with HKD 990,000, Client B with HKD 600,000, and Client C with HKD 600,000, indicating a diversification in revenue sources[28] Other Financial Information - The company did not declare any dividends for the six months ended March 31, 2024, consistent with the previous year[32] - The group had no capital commitments or contingent liabilities as of March 31, 2024, consistent with the previous year[73] - The group maintained a prudent financial management strategy, ensuring a stable liquidity position throughout the reporting period[68] - The group had no foreign currency hedging arrangements but closely monitored foreign currency risks[71]
宝积资本(08168) - 2024 - 中期财报