2021-12-23-港交所-IBI_GROUP_HLDGS_中期报告2021_2022_42页_18mb

Financial Highlights:

• The Group's revenue and other gains/(losses) for the six months ended September 30, 2021, was approximately HK$169.4 million, a decrease of 34.5% compared to HK$258.5 million for the same period in 2020.
• Gross profit increased by approximately HK$4.5 million or 18.4%, from HK$24.4 million to HK$28.8 million.

Corporate Information:

• Management structure, board members, auditors, registered office, and major shareholders have been updated. Operations are primarily in Hong Kong; though declined in Macau due to the ongoing COVID-19 pandemic.

Chairman's Statement:

• Highlights challenges from the global pandemic and Macau market, while strategic investments have shown improvement. The Group is focusing on recovery and expects a gradual return to normal business conditions in 2022.

Management Discussion and Analysis:

• Dividend received under FVTPL increased to approximately HK$0.9 million due to dividends from equity investments.
• Comparatively, Strategic Investment (FVTPL Trading) performance improved from HK$3.7 million loss to HK$0.4 million profit.
• Cov Series: Profit Before Tax increased, marking a positive trend.

Condensed Statements:

• Condensed Consolidated Statement of Profit or Loss showed profits at HK$12.02 million (up from HK$10.59 million, 15.1% increase).
• Financial Position: Total Assets at HK$164.35 million, Total Equity at HK$161.23 million.
• Cash flows: Net cash generated from operations was HK$80,703,000, reflecting resilience.

Events After Reporting Period:

• Successful disposal and repurchase of HSBC Holdings Plc shares, leading to a new significant asset location (Japan).

Other Information:

• Compliance with Corporate Governance Code, dividend distribution, and the rights and interests of substantial shareholders. Financial and operational review post-interim.

Additional Summary Insights:

• Increased vaccination rates and potential easing of border controls indicate a positive external environment for future recovery.
• Ongoing shifts in asset location due to strategic decisions, potentially diversifying risk and enhancing growth capacity.
• Board's discussion regarding the concurrent roles of chairman and CEO has not yet led to a change; they believe the current structure's suitability for the group's benefit.