Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 233 million, an increase from HKD 127 million in the same period last year, representing an 83% growth[6] - Gross profit for the same period was HKD 36 million, compared to HKD 13 million in the previous year, indicating a significant improvement[6] - The company incurred a loss before tax of HKD 21 million, a reduction from a loss of HKD 58 million in the corresponding period last year, reflecting a 64% improvement[6] - The total loss for the period was HKD 26 million, down from HKD 67 million in the previous year, marking a 61% decrease[8] - The company reported a loss of HKD 26 million for the six months ended September 30, 2022, compared to a loss of HKD 60 million in the corresponding period[19] - The group recorded revenue of HKD 233 million for the period ending September 30, 2022, representing an increase of approximately 83% compared to HKD 127 million for the corresponding period[85] - The group reported an unaudited loss attributable to shareholders of HKD 26 million, an improvement of about 54% from a loss of HKD 56 million in the corresponding period[85] Cash Flow and Liquidity - The company's cash and bank balances as of September 30, 2022, stood at HKD 1,457 million, a decrease from HKD 1,589 million as of March 31, 2022[10] - Operating cash flow before changes in working capital for the six months ended September 30, 2022, was negative HKD 26 million, compared to negative HKD 66 million for the same period in 2021[15] - The company reported a net cash outflow from financing activities of HKD 480 million for the six months ended September 30, 2022, compared to a net inflow of HKD 1,369 million in the same period of the previous year[16] - The company’s total cash and cash equivalents, including restricted bank deposits, were HKD 1,457 million as of September 30, 2022[57] - The company has taken measures to alleviate liquidity pressure and improve its financial position, including optimizing human resources and controlling capital expenditures[22] Assets and Liabilities - Current assets totaled HKD 8,764 million, down from HKD 9,273 million at the end of the previous fiscal year[10] - Current liabilities were reported at HKD 5,572 million, slightly up from HKD 5,405 million as of March 31, 2022[10] - The total liabilities, including non-current liabilities, amounted to HKD 2,842 million, down from HKD 3,474 million, indicating a reduction of about 18.2%[11] - The company’s total liabilities to equity ratio improved to approximately 7.9 as of September 30, 2022, compared to 8.6 as of March 31, 2022, indicating a strengthening of the balance sheet[11] - The group's assets as of September 30, 2022, totaled HKD 8,773 million, while liabilities were HKD 8,414 million, indicating a stable financial position[33] Revenue Streams - Revenue from property sales to external customers was HKD 119 million, while sales of home appliances, wires, and cables amounted to HKD 88 million[27] - Revenue from the Chinese market was HKD 207 million, compared to HKD 98 million in the previous year, showcasing strong growth in this region[35] - The segment for home appliances reported revenue of HKD 98 million, showing a recovery from the previous period[30] - Revenue from the home appliance, wire, and cable trade in China decreased to HKD 88 million, down approximately 10% from HKD 98 million in the corresponding period[94] Development and Projects - The company has initiated pre-sales for all its properties under development, receiving deposits of approximately HKD 2,763 million as of September 30, 2022, up from HKD 2,305 million as of March 31, 2022[21] - The company has seven property development projects as of September 30, 2022, consistent with the number as of March 31, 2022[21] - The total contracted sales for the period, including the Ningxiang project, amounted to approximately RMB 823 million, with an average selling price of RMB 8,700 per square meter[88] - The total gross floor area of ongoing projects increased to approximately 1,121,700 square meters, up from 837,900 square meters in the previous year[89] Shareholder Information - The total issued and paid-up capital as of September 30, 2022, was HKD 55 million, with 5,492,233 shares issued[76] - Mr. Tam holds a total of 3,616,712,779 shares, representing approximately 73.85% of the issued share capital[110] - Sino Bright Enterprises Co., Ltd. owns 1,023,463,423 shares, accounting for 18.63% of the issued share capital[113] Corporate Governance - The board confirms compliance with all principles and provisions of the corporate governance code during the reporting period[118] - The company has adopted the standard code of conduct for securities transactions by directors, confirming compliance during the reporting period[122] - The audit committee has reviewed and confirmed the unaudited interim results for the period, agreeing on all accounting treatments adopted[124]
敏捷控股(00186) - 2023 - 中期财报