1
Contents
目錄
阿爾法企業控股有限公司 • 二零二一年中期報告
Corporate Information 公司資料 2
Condensed Consolidated Statement of Profit or Loss and
Other Comprehensive Income
簡明綜合損益及其他全面收益表 4
Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 5
Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 6
Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 7
Notes to the Unaudited Condensed Consolidated Interim
Financial Information
未經審核簡明綜合中期財務資料附註 9
Report on Review of Interim Financial Information 中期財務資料審閱報告 28
Management Discussion and Analysis 管理層討論與分析 30
Corporate Governance and Other Information 企業管治及其他資料 37
Contents 目錄
2
Corporate Information
公司資料
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
BOARD OF DIRECTORS
Executive Directors
Mr. Xiong Jianrui (Chairman)
Mr. Yi Peijian (Chief Executive Officer)
Mr. Chen Zeyu
Independent Non-executive Directors
Mr. Li Chak Hung
Mr. Choi Kin Man
Mr. Ngai Wah Sang
COMMITTEES
Audit Committee
Mr. Li Chak Hung (Chairman)
Mr. Choi Kin Man
Mr. Ngai Wah Sang
Remuneration Committee
Mr. Ngai Wah Sang (Chairman)
Mr. Xiong Jianrui
Mr. Chen Zeyu
Mr. Li Chak Hung
Mr. Choi Kin Man
Nomination Committee
Mr. Xiong Jianrui (Chairman)
Mr. Chen Zeyu
Mr. Li Chak Hung
Mr. Choi Kin Man
Mr. Ngai Wah Sang
COMPANY SECRETARY
Mr. Chan Chun Hong
AUTHORISED REPRESENTATIVES
Mr. Xiong Jianrui
Mr. Chan Chun Hong
董事會
執行董事
熊劍瑞先生（主席）
易培劍先生（行政總裁）
陳澤宇先生
獨立非執行董事
李澤雄先生
蔡健民先生
魏華生先生
委員會
審核委員會
李澤雄先生（主席）
蔡健民先生
魏華生先生
薪酬委員會
魏華生先生（主席）
熊劍瑞先生
陳澤宇先生
李澤雄先生
蔡健民先生
提名委員會
熊劍瑞先生（主席）
陳澤宇先生
李澤雄先生
蔡健民先生
魏華生先生
公司秘書
陳振康先生
法定代表
熊劍瑞先生
陳振康先生
Corporate Information 公司資料
3
Corporate Information
公司資料
阿爾法企業控股有限公司 • 二零二一年中期報告
核數師
國富浩華（香港）會計師事務所有限公司
香港銅鑼灣
禮頓道77號禮頓中心9樓
註冊辦事處
Continental Building, 25 Church Street
Hamilton, HM 12, Bermuda
股份過戶登記處
卓佳證券登記有限公司
香港皇后大道東183號合和中心54樓
法律顧問
胡百全律師事務所
香港中環
遮打道10號太子大廈12樓1225室
主要往來銀行
中國銀行（香港）有限公司
花旗銀行（香港）有限公司
大新銀行有限公司
主要辦事處
香港灣仔
告士打道138號聯合鹿島大廈19樓1902室
股份代號
948
網址
AUDITOR
Crowe (HK) CPA Limited
9th Floor, Leighton Centre, 77 Leighton Road
Causeway Bay, Hong Kong
REGISTERED OFFICE
Continental Building, 25 Church Street
Hamilton, HM 12, Bermuda
SHARE REGISTRAR
Tricor Investor Services Limited
Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong
LEGAL ADVISER
P. C. Woo & Co.
Room 1225, 12th Floor, Prince’s Building
10 Chater Road, Central, Hong Kong
PRINCIPAL BANKER
Bank of China (Hong Kong) Limited
Citibank (Hong Kong) Limited
Dah Sing Bank, Limited
PRINCIPAL OFFICE
Room 1902, 19th Floor, Allied Kajima Building
138 Gloucester Road, Wanchai, Hong Kong
STOCK CODE
948
WEBSITE
4 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
簡明綜合損益及其他全面收益表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
Alpha Professional Holdings Limited 阿爾法企
業控股有限公司*（「本公司」）董事（「董事」）會
（「董事會」）謹此宣佈，本公司及其附屬公司
（統稱「本集團」）截至二零二一年九月三十
日止六個月之未經審核綜合業績，連同截至
二零二零年九月三十日止六個月之比較數字
如下：
The board (the “Board”) of directors (the “Directors”) of Alpha Professional
Holdings Limited (the “Company”) announces that the unaudited
consolidated results of the Company and its subsidiaries (collectively, the
“Group”) for the six months ended 30 September 2021 with comparative
figures for the six months ended 30 September 2020 are as follows:
Six months ended
30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
Notes HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Revenue 收入 5 253,999 103,200
Cost of sales 銷售成本 (245,870) (96,018)
Gross profit 毛利 8,129 7,182
Other income 其他收入 6 1,032 382
Other gains and losses 其他收益及虧損 7 (2,594) (198)
Selling and distribution costs 銷售及分銷開支 (1,240) (204)
Administrative expenses 行政費用 (7,497) (10,437)
LOSS FROM OPERATIONS 來自經營之虧損 (2,170) (3,275)
Finance costs 融資成本 8(a) (48) (68)
LOSS BEFORE TAXATION 除稅前虧損 8 (2,218) (3,343)
Income tax expenses 所得稅開支 9 (2,018) –
LOSS FOR THE PERIOD
ATTRIBUTABLE TO OWNERS
OF THE COMPANY
本公司股東
應佔本期間
虧損 (4,236) (3,343)
OTHER COMPREHENSIVE (LOSS)/
INCOME FOR THE PERIOD, NET
OF INCOME TAX
本期間其他全面
（虧損）╱收益，
扣除所得稅
Item that may be reclassified subsequently
to profit or loss:
其後可能重新分類至損益
的項目：
Exchange differences on translation
of foreign operations
換算海外業務引致的
匯兌差額 (2,565) 24
Other comprehensive (loss)/income
for the period, net of income tax
本期間其他全面（虧損）╱
收益，扣除所得稅 (2,565) 24
TOTAL COMPREHENSIVE LOSS
FOR THE PERIOD ATTRIBUTABLE
TO OWNERS OF THE COMPANY
本公司股東應佔
本期間全面虧損
總額 (6,801) (3,319)
HK cents HK cents
港仙 港仙
(Unaudited) (Unaudited)
（未經審核） （未經審核）
LOSS PER SHARE 每股虧損 11
Basic and diluted 基本及攤薄 () ()
Condensed Consolidated Statement of Profit or Loss and
Other Comprehensive Income 簡明綜合損益及其他全面收益表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
The notes on pages 9 to 27 form an integral part of these condensed
consolidated interim financial information.
第9至27頁之附註為本簡明綜合中期財務資
料之組成部分。
5
Condensed Consolidated Statement of Financial Position
簡明綜合財務狀況表
At 30 September 2021 於二零二一年九月三十日
阿爾法企業控股有限公司 • 二零二一年中期報告
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
Notes HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Non-current assets 非流動資產
Investment property 投資物業 12 42,648 45,208
Property, plant and equipment 物業、廠房及設備 13 3,061 2,199
Goodwill 商譽 14 2,161 2,161
Rental deposit 租賃按金 15 317 96
48,187 49,664
Current assets 流動資產
Inventories 存貨 61,863 52,641
Trade and other receivables 貿易及其他應收款項 15 71,688 66,286
Tax recoverable 可收回稅項 537 537
Cash and bank balances 現金及銀行結餘 38,103 70,379
172,191 189,843
Current liabilities 流動負債
Trade and other payables 貿易及其他應付款項 16 67,914 82,414
Contract liabilities 合約負債 3,146 3,847
Lease liabilities 租賃負債 1,307 949
Tax payable 應付稅項 2,508 484
74,875 87,694
Net current assets 流動資產淨額 97,316 102,149
Total assets less current liabilities 總資產減流動負債 145,503 151,813
Non-current liabilities 非流動負債
Lease liabilities 租賃負債 1,812 1,321
Net assets 資產淨額 143,691 150,492
Capital and reserves 資本及儲備
Share capital 股本 18 391,672 391,672
Reserves 儲備 (247,981) (241,180)
Equity attributable to owners of
the Company and total equity
本公司股東應佔權益及
權益總額 143,691 150,492
Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表
At 30 September 2021 於二零二一年九月三十日
The notes on pages 9 to 27 form an integral part of these condensed
consolidated interim financial information.
第9至27頁之附註為本簡明綜合中期財務資
料之組成部分。
6 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Condensed Consolidated Statement of Changes in Equity
簡明綜合權益變動表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
Share
capital
Share
premium
Foreign
currency
translation
reserve
Accumulated
losses
Total
equity
股本 股份溢價
外幣
換算儲備 累計虧損 權益總額
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元 千港元
At 1 April 2020
(audited)
於二零二零年四月一日
（經審核） 329,662 596,081 (82) (814,238) 111,423
Loss for the period 本期間虧損 – – – (3,343) (3,343)
Exchange differences on translation
of foreign operations
換算海外業務引致的
匯兌差額 – – 24 – 24
Total comprehensive loss
for the period
本期間全面虧損
總額 – – 24 (3,343) (3,319)
Issuance of shares of the Company
(the “Share(s)”) upon placing
(note 18)
於配售發行本公司
股份（「股份」）
（附註18） 62,010 (7,010) – – 55,000
Share issue expense under placing 於配售發行股份之開支 – (1,249) – – (1,249)
At 30 September 2020
(unaudited)
於二零二零年九月三十日
（未經審核） 391,672 587,822 (58) (817,581) 161,855
At 1 April 2021
(audited)
於二零二一年四月一日
（經審核） 391,672 587,822 229 (829,231) 150,492
Loss for the period 本期間虧損 – – – (4,236) (4,236)
Exchange differences on translation
of foreign operations
換算海外業務引致的
匯兌差額 – – (2,565) – (2,565)
Total comprehensive loss
for the period
本期間全面虧損
總額 – – (2,565) (4,236) (6,801)
At 30 September 2021
(unaudited)
於二零二一年九月三十日
（未經審核） 391,672 587,822 (2,336) (833,467) 143,691
The notes on pages 9 to 27 form an integral part of these condensed
consolidated interim financial information.
第9至27頁之附註為本簡明綜合中期財務資
料之組成部分。
Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
7
Condensed Consolidated Statement of Cash Flows
簡明綜合現金流量表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
Notes HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Operating activities 經營活動
Loss before taxation 除稅前虧損 (2,218) (3,343)
Adjustments for: 調整：
Interest income 利息收入 6 (4) –
Gain on lease modification 租賃修訂收益 7 – (96)
Finance costs 融資成本 8(a) 48 68
Depreciation 折舊 8(c) 687 823
Write-drown of inventories 存貨撇減 8(c) 13,089 3,292
Impairment loss of
trade receivables
貿易應收款項
減值虧損 8(c) – 1,608
Impairment loss of prepayment 預付款項減值虧損 8(c) – 1,501
Operating cash flows before working
capital changes
營運資金變動前之
經營現金流量 11,602 3,853
Increase in inventories 存貨增加 (22,311) (68,344)
(Increase)/decrease in trade and
other receivables
貿易及其他應收款項
（增加）╱減少 (5,623) 49,868
(Decrease)/increase in trade and
other payables
貿易及其他應付款項
（減少）╱增加 (14,500) 51,902
Decrease in contract liabilities 合約負債減少 (701) (5,623)
Cash (used in)/generated from
operations
經營（所用）╱所得
現金 (31,533) 31,656
The People’s Republic of China
Enterprise Income Tax paid
已付中華人民共和國
企業所得稅 (3) (13)
Net cash (used in)/generated from
operating activities
經營活動（所用）╱所得
現金淨額 (31,536) 31,643
Investing activities 投資活動
Interest received 已收利息 4 –
Purchase of property, plant and
equipment
購置物業、廠房及
設備 (38) –
Net cash used in investing activities 投資活動所用現金淨額 (34) –
Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
8 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Condensed Consolidated Statement of Cash Flows
簡明綜合現金流量表
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
Notes HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Financing activities 融資活動
Capital element of lease
rentals paid
已付租賃租金之
資本部分 (664) (687)
Interest element of lease
rentals paid
已付租賃租金之
利息部分 (48) (64)
Net proceeds from issuance of
Shares upon placing
來自於配售發行股份之
所得款項淨額 18 – 53,751
Repayment of other borrowing 償還其他借貸 – (10,000)
Interest paid for other borrowing 已付其他借貸利息 – (67)
Net cash (used in)/generated from
financing activities
融資活動（所用）╱ 所得
現金淨額 (712) 42,933
Net (decrease)/increase in cash and
cash equivalents
現金及現金等價物
（減少）╱增加淨額 (32,282) 74,576
Cash and cash equivalents at
beginning of the period
期初現金及現金
等價物 70,379 27,908
Effect of foreign exchange rate
changes, net
外匯匯率變動之
影響，淨額 6 24
Cash and cash equivalents at end
of the period
期末現金及現金
等價物 38,103 102,508
The notes on pages 9 to 27 form an integral part of these condensed
consolidated interim financial information.
第9至27頁之附註為本簡明綜合中期財務資
料之組成部分。
9
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
1. 一般資料
本公司（註冊編號39519）於二零零七
年一月三十日根據百慕達一九八一年
公司法在百慕達註冊成立為獲豁免
有限公司。本公司的註冊辦事處位於
Continental Building, 25 Church Street,
Hamilton, HM 12, Bermuda。其主要營
業地點位於香港灣仔告士打道138號
聯合鹿島大廈19樓1902室。
於二零二一年九月三十日，本公司母
公司為華得投資有限公司（一間於香
港註冊成立的有限公司）。本公司最終
母公司為Miracle Planet Developments
Limited（一間於英屬處女群島註冊成
立之有限公司），本公司最終控股方為
莊舜而女士。
本公司為一間投資控股公司。其附屬
公司的主要業務為奶粉及嬰兒食品貿
易（「奶類產品業務」）、提供手機解決
方案（「手機業務」）及物業投資（「物業
投資」）。
2. 編製基準
簡明綜合中期財務資料乃根據香港聯
合交易所有限公司（「聯交所」）證券上
市規則（「上市規則」）之適用披露規
定，包括遵守由國際會計準則理事會
（「國際會計準則理事會」）頒佈之國際
會計準則（「國際會計準則」）第34號「中
期財務報告」而編製。其於二零二一年
十一月三十日獲授權刊發。
簡明綜合中期財務資料乃根據與二零
二一年度財務報表所採納之相同會計
政策編製，惟載於附註3預期將於二零
二二年度財務報表反映的會計政策變
動除外。
編製符合國際會計準則第34號的簡明
綜合中期財務資料要求管理層作出判
斷、估計及假設，而該等判斷、估計及
假設會影響政策的應用及所呈報資產
及負債、期內截至目前為止的收入及
開支的金額。實際結果可能與該等估
計有所不同。
簡明綜合中期財務資料包括選定的解
釋附註，其包括對了解本集團自二零
二一年度財務報表以來的財務狀況及
表現變動而言屬重要的事件及交易的
解釋。簡明綜合中期財務資料及當中
附註並不包括根據國際財務報告準則
（「國際財務報告準則」）編製完整財務
報表所需的所有資料。
1. GENERAL INFORMATION
The Company (Registration No. 39519) was incorporated in Bermuda
on 30 January 2007 under the Companies Act 1981 of Bermuda as
an exempted company with limited liability. The registered office of
the Company is located at Continental Building, 25 Church Street,
Hamilton, HM 12, Bermuda. Its principal place of business is located
at Room 1902, 19th Floor, Allied Kajima Building, 138 Gloucester
Road, Wanchai, Hong Kong.
At 30 September 2021, the Company’s parent was Well Dynasty
Investments Limited, a company incorporated in Hong Kong with
limited liability. The ultimate parent of the Company was Miracle Planet
Developments Limited, a company incorporated in the British Virgin
Islands with limited liability, and the ultimate controlling party of the
Company was Ms. Chong Sok Un.
The Company is an investment holding company. The principal
activities of its subsidiaries are trading of milk powder and baby foods
(the “Milk Products Business”), provision of mobile handset solution
(the “Mobile Business”) and property investment (the “Property
Investment”).
2. BASIS OF PREPARATION
The condensed consolidated interim financial information has been
prepared in accordance with the applicable disclosure provisions of
the Rules Governing the Listing of Securities (the “Listing Rules”) on
The Stock Exchange of Hong Kong Limited (the “Stock Exchange”)
including compliance with International Accounting Standard (“IAS”)
34 “Interim Financial Reporting” issued by the International Accounting
Standards Board (“IASB”). It was authorised for issue on 30 November
2021.
The condensed consolidated interim financial information has been
prepared in accordance with the same accounting policies adopted in
the 2021 annual financial statements, except for the accounting policy
changes that are expected to be reflected in the 2022 annual financial
statements which are set out in note 3.
The preparation of the condensed consolidated interim financial
information in conformity with IAS 34 requires management to make
judgements, estimates and assumptions that affect the application of
policies and reported amounts of assets and liabilities, income and
expenses on a period to date basis. Actual results may differ from
these estimates.
The condensed consolidated interim financial information contains
selected explanatory notes. The notes include an explanation of
events and transactions that are significant to an understanding of
the changes in financial position and performance of the Group since
the 2021 annual financial statements. The condensed consolidated
interim financial information and notes thereon do not include all of the
information required for a full set of financial statements prepared in
accordance with International Financial Reporting Standards (“IFRSs”).
Notes to the Unaudited Condensed Consolidated Interim
Financial Information 未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
10 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
2. 編製基準（續）
簡明綜合中期財務資料所載有關截至
二零二一年三月三十一日止財政年度
的財務資料（作為比較資料）並不構成
本公司於該財政年度的法定年度綜合
財務報表，惟乃摘錄自該等財務報表。
截至二零二一年三月三十一日止年度
的法定年度綜合財務報表可於本公司
註冊辦事處及主要營業地點查閱。
3. 應用新訂及經修訂國際財務報告
準則
於本報告期，本集團已首次應用下列
由國際會計準則理事會頒佈於二零
二一年四月一日或之後開始之年度期
間強制生效的新訂及經修訂國際財務
報告準則，以編製本集團簡明綜合中
期財務資料：
國際財務報告準則
第16號修訂本
COVID-19相關租
金寬減
國際財務報告準則
第9號、國際會計
準則第39號、國際
財務報告準則
第7號、國際財務
報告準則第4號及
國際財務報告準則
第16號修訂本
利率基準改革－
第二階段
概無發展對本集團於中期財務資料已
編製或呈列的當前或先前期間業績及
財務狀況造成重大影響。本集團並無
採用於本會計期間仍未生效的任何新
準則或詮釋。
4. 分部資料
本集團按不同分部管理其業務，而各
業務分部乃以業務線（產品及服務）而
組成。與為了進行資源分配及表現評
估而在內部向執行董事（主要營運決策
者）呈報資料之方式一致，本集團呈列
以下三個須予報告分部。組成以下須
予報告分部時並無整合不同的經營分
部。
1. 奶類產品業務；
2. 手機業務；及
3. 物業投資。
2. BASIS OF PREPARATION (Continued)
The financial information relating to the financial year ended 31 March
2021 that is included in the condensed consolidated interim financial
information as comparative information does not constitute the
Company’s statutory annual consolidated financial statements for that
financial year but is derived from those financial statements. Statutory
annual consolidated financial statements for the year ended 31 March
2021 are available in the Company’s registered office and principal
place of business.
3. APPLICATION OF NEW AND REVISED INTERNATIONAL
FINANCIAL REPORTING STANDARDS
In the current reporting period, the Group has applied, for the first
time, the following new and amendments to IFRSs issued by the
IASB which are mandatory effective for the annual period beginning
on or after 1 April 2021 for the preparation of the Group’s condensed
consolidated interim financial information:
Amendments to IFRS 16 COVID-19 Related Rent Concessions
Amendments to IFRS 9,
IAS 39, IFRS 7, IFRS 4
and IFRS 16
Interest Rate Benchmark Reform –
Phase 2
None of the developments have had a material effect on how the
Group’s results and financial position for the current or prior periods
have been prepared or presented in the interim financial information.
The Group has not applied any new standard or interpretation that is
not yet effective for the current accounting period.
4. SEGMENT INFORMATION
The Group manages its businesses by divisions, which are organised
by business lines (products and services). In a manner consistent with
the way in which information is reported internally to the executive
Directors (the chief operating decision maker) for the purposes of
resource allocation and performance assessment, the Group has
presented the following three reportable segments. No operating
segments have been aggregated to form the following reportable
segments.
1. The Milk Products Business;
2. The Mobile Business; and
3. The Property Investment.
11
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
4. 分部資料（續）
為實現多元化，本集團一直在探索其
他行業的不同商機，以擴闊收入來源
及提升本集團的業務表現。本集團自
二零二一年二月開始及發展物業投
資，因而截至二零二零年九月三十日
止六個月並無呈列該分部之比較資
料。
奶類產品業務之收入主要來自銷售奶
粉及嬰兒食品。
手機業務之收入主要來自銷售及分銷
手機及其零件。
物業投資之收入主要來自物業租賃產
生的租金收入。
(a) 分部業績、資產及負債
為了評估分部表現及在各分部
之間分配資源，執行董事按以下
基準監察各個須予報告分部的
業績、資產及負債：
分部資產包括所有有形資產、無
形資產及流動資產，惟企業資產
除外。分部負債包括個別分部的
活動應佔之貿易及其他應付款
項、合約負債、租賃負債及應付
稅項。
收入及開支乃根據分部所產生
的銷售以及分部動用的開支或
分部應佔之資產折舊另外產生
之開支，分配至須予報告分部。
用於申報分部溢利╱（虧損）之
方法為「經調整EBITDA」，即「扣
除利息、稅項、折舊及攤銷前之
經調整盈利」，其中「利息」被視
為包括投資收入而「折舊及攤
銷」被視為包括非流動資產之減
值虧損。為計量經調整EBITDA，
本集團之盈利乃對並非指定屬
於個別分部之項目作出進一步
調整，例如董事及核數師的薪酬
以及其他總辦事處或企業行政
開支。
4. SEGMENT INFORMATION (Continued)
In view of diversification, the Group has been exploring different
business opportunities in other sectors to broaden the sources of
income and to boost the business performance of the Group. The
Group commenced and developed the Property Investment since
February 2021 and thus no comparative information of this segment
for the six months ended 30 September 2020 is presented.
The Milk Products Business derives revenue primarily from the sales of
milk powder and baby foods.
The Mobile Business derives revenue primarily from the sales and
distribution of mobile handsets and their components.
The Property Investment derives revenue primarily from rental income
arising from the lease of a property.
(a) Segment results, assets and liabilities
For the purposes of assessing segment performance and
allocating resources between segments, the executive Directors
monitor the results, assets and liabilities attributable to each
reportable segment on the following bases:
Segment assets include all tangible, intangible assets and
current assets with the exception of corporate assets. Segment
liabilities include trade and other payables, contract liabilities,
lease liabilities and tax payable attributable to the activities of
the individual segments.
Revenue and expenses are allocated to the reportable
segments with reference to sales generated by those segments
and the expenses incurred by those segments or which
otherwise arise from the depreciation of assets attributable to
those segments.
The measure used for reporting segment profit/(loss) is
“adjusted EBITDA” . “adjusted earnings before interest,
taxes, depreciation and amortisation”, where “interest” is
regarded as including investment income and “depreciation and
amortisation” is regarded as including impairment losses on
non-current assets. To arrive at adjusted EBITDA, the Group’s
earnings are further adjusted for items not specifically attributed
to individual segments, such as Directors’ and auditors’
remuneration and other head office or corporate administration
costs.
12 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
4. 分部資料（續）
(a) 分部業績、資產及負債（續）
按收入確認時間劃分來自客戶
合約之收入連同就截至二零
二一年及二零二零年九月三十
日止六個月之資源分配及評估
分部表現為目的而向執行董事
所提供與本集團須予報告分部
相關之資料載於下文。
4. SEGMENT INFORMATION (Continued)
(a) Segment results, assets and liabilities (Continued)
Disaggregation of revenue from contracts with customers
by the timing of revenue recognition, as well as information
regarding the Group’s reportable segments as provided to the
executive Directors for the purposes of resource allocation and
assessment of segment performance for the six months ended
30 September 2021 and 2020 is set out below.
Six months ended 30 September 2021
截至二零二一年九月三十日止六個月
Milk
Products
Business
Mobile
Business
Property
Investment Total
奶類產品業務 手機業務 物業投資 總計
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核） （未經審核）
Reportable segment revenue 須予報告分部收入
Disaggregated by timing of
revenue recognition
按收入確認
時間劃分
Point in time 即時確認 239,571 12,797 – 252,368
Over time 隨時間推移 753 – 878 1,631
Revenue from external
customers and reportable
segment revenue
來自外部客戶之
收入及須予報告
分部收入 240,324 12,797 878 253,999
Profit or loss 損益
Reportable segment profit/(loss)
(adjusted EBITDA)
須予報告分部溢利╱（虧損）
（經調整EBITDA） 16,435 (14,000) 726 3,161
Bank interest income 銀行利息收入 4
Depreciation 折舊 (687)
Finance costs 融資成本 (48)
Unallocated head office and
corporate interest and
expenses other than bank
interest income, depreciation
and finance costs
未分配之總辦事處及
企業利息及開支
（銀行利息收入、
折舊及融資
成本除外） (4,648)
Consolidated loss
before taxation
除稅前綜合
虧損 (2,218)
13
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
4. 分部資料（續）
(a) 分部業績、資產及負債（續）
4. SEGMENT INFORMATION (Continued)
(a) Segment results, assets and liabilities (Continued)
At 30 September 2021
於二零二一年九月三十日
Milk
Products
Business
Mobile
Business
Property
Investment Total
奶類產品業務 手機業務 物業投資 總計
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核） （未經審核）
Reportable segment assets 須予報告分部資產 132,237 33,904 44,312 210,453
Unallocated head office and
corporate assets
未分配之總辦事處及
企業資產
– Cash and bank balances －現金及銀行結餘 8,219
– Other unallocated assets －其他未分配之資產 1,706
Consolidated total assets 綜合資產總額 220,378
Reportable segment liabilities 須予報告分部負債 53,102 8,832 562 62,496
Unallocated head office and
corporate liabilities
未分配之總辦事處及
企業負債 14,191
Consolidated total liabilities 綜合負債總額 76,687
14 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
4. 分部資料（續）
(a) 分部業績、資產及負債（續）
4. SEGMENT INFORMATION (Continued)
(a) Segment results, assets and liabilities (Continued)
Six months ended 30 September 2020
截至二零二零年九月三十日止六個月
Milk
Products
Business
Mobile
Business Total
奶類產品業務 手機業務 總計
HK$’000 HK$’000 HK$’000
千港元 千港元 千港元
(Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核）
Reportable segment revenue 須予報告分部收入
Disaggregated by timing of
revenue recognition
按收入確認
時間劃分
Point in time 即時確認 74,990 27,574 102,564
Over time 隨時間推移 636 – 636
Revenue from external
customers and reportable
segment revenue
來自外部客戶之
收入及須予報告
分部收入 75,626 27,574 103,200
Profit or loss 損益
Reportable segment profit/(loss)
(adjusted EBITDA)
須予報告分部溢利╱（虧損）
（經調整EBITDA） 9,005 (7,908) 1,097
Depreciation 折舊 (823)
Finance costs 融資成本 (68)
Unallocated head office and
corporate interest and
expenses other than bank
interest income, depreciation
and finance costs
未分配之總辦事處及
企業利息及開支
（銀行利息收入、
折舊及融資
成本除外） (3,549)
Consolidated loss before
taxation
除稅前綜合
虧損 (3,343)
15
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
4. 分部資料（續）
(a) 分部業績、資產及負債（續）
於截至二零二一年及二零二零
年九月三十日止六個月，並無分
部間收入。
4. SEGMENT INFORMATION (Continued)
(a) Segment results, assets and liabilities (Continued)
At 31 March 2021
於二零二一年三月三十一日
Milk
Products
Business
Mobile
Business
Property
Investment Total
奶類產品業務 手機業務 物業投資 總計
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(Audited) (Audited) (Audited) (Audited)
（經審核） （經審核） （經審核） （經審核）
Reportable segment assets 須予報告分部資產 112,624 45,442 46,148 204,214
Unallocated head office and
corporate assets
未分配之總辦事處及
企業資產
– Cash and bank balances －現金及銀行結餘 33,347
– Other unallocated assets －其他未分配之資產 1,946
Consolidated total assets 綜合資產總額 239,507
Reportable segment liabilities 須予報告分部負債 67,559 6,114 485 74,158
Unallocated head office and
corporate liabilities
未分配之總辦事處及
企業負債 14,857
Consolidated total liabilities 綜合負債總額 89,015
There are no inter-segment revenue during the six months
ended 30 September 2021 and 2020.
16 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
4. 分部資料（續）
(b) 地區資料
以下為 ( i )本集團來自外部客戶
之收入及(ii)本集團投資物業、物
業、廠房及設備、商譽及非流動
租賃按金之所在地區分析。客
戶所在地區按所提供服務或貨
物送達所在地劃分。投資物業、
物業、廠房及設備及非流動租賃
按金之所在地區乃基於所考慮
資產的實際位置而定。就商譽而
言，乃基於彼等獲分配的經營所
在地而定。
4. SEGMENT INFORMATION (Continued)
(b) Geographical information
The following is an analysis of geographical location of (i) the
Group’s revenue from external customers and (ii) the Group’s
investment property, property, plant and equipment, goodwill
and non-current rental deposit. The geographical location
of customers is based on the location at which the services
were provided or the goods were delivered. The geographical
location of investment property, property, plant and equipment
and non-current rental deposit is based on the physical location
of the asset under consideration. In the case of goodwill, it
is based on the location of the operation to which they are
allocated.
Revenue from
external customers Non-current assets
來自外部客戶之收入 非流動資產
Six months ended
30 September
At
30 September
2021
At
31 March
2021截至九月三十日止六個月
2021 2020 於二零二一年 於二零二一年
二零二一年 二零二零年 九月三十日 三月三十一日
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(Unaudited) (Unaudited) (Unaudited) (Audited)
（未經審核） （未經審核） （未經審核） （經審核）
Hong Kong (place of domicile) 香港（居駐地點） – 1,660 3,849 2,552
Australia 澳洲 226,348 32,921 42,648 45,208
The People’s Republic of China
(the “PRC”)
中華人民共和國
（「中國」） 18,449 41,155 1,690 1,904
Afghanistan 阿富汗 – 1,597 – –
Bangladesh 孟加拉 112 11,298 – –
India 印度 8 5,628 – –
Poland 波蘭 3,026 1,493 – –
Russia 俄羅斯 6,056 441 – –
Vietnam 越南 – 6,993 – –
Others 其他 – 14 – –
253,999 103,200 48,187 49,664
17
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
5. 收入
按主要產品或服務類別劃分之來自客
戶合約之收入如下：
按收入確認時間及按地區市場劃分之
來自客戶合約之收入分別於附註4(a)及
4(b)披露。
6. 其他收入
5. REVENUE
Disaggregation of revenue from contracts with customers by major
products or service lines is as follows:
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Revenue from contracts with
customers within the scope of
IFRS 15
符合國際財務報告準則
第15號範圍的來自
客戶合約之收入
Disaggregated by major products
or service lines
按主要產品或服務
類別劃分
– Sales of milk powder and baby foods －銷售奶粉及嬰兒食品 239,571 74,990
– Sales and distribution of mobile
handsets and their components
－銷售及分銷手機及
其零件 12,797 27,574
– Franchise fee income －特許權費收入 753 636
253,121 103,200
Revenue from other sources 來自其他來源之收入
Gross rentals from investment property 投資物業租金總額
– Lease payments that are fixed －固定租賃付款 878 –
253,999 103,200
Disaggregation of revenue from contracts with customers by the
timing of revenue recognition and by geographic markets are
disclosed in notes 4(a) and 4(b), respectively.
6. OTHER INCOME
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Interest income on financial assets
measured at amortised cost
– Bank interest income
按攤銷成本計量之
金融資產利息收入
－銀行利息收入 4 –
Government subsidy 政府補助 – 324
Sundry income 雜項收入 1,028 58
1,032 382
18 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
7. 其他收益及虧損
8. 除稅前虧損
除稅前虧損乃於扣除╱（計入）以下各
項後達致：
備註：
# 存貨成本包括存貨撇減13,089,000港元
（二零二零年：3,292,000港元）。
7. OTHER GAINS AND LOSSES
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Net foreign exchange loss 匯兌虧損淨額 (2,594) (294)
Gain on lease modification 租賃修訂收益 – 96
(2,594) (198)
8. LOSS BEFORE TAXATION
Loss before taxation is arrived at after charging/(crediting) the
following:
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
(a) Finance costs: (a) 融資成本：
Interest on lease liabilities 租賃負債之利息 48 64
Interest on other borrowing 其他借貸之利息 – 4
Total interest expense on financial
liabilities not at fair value through
profit or loss
未按公平價值計入
損益之金融負債
利息開支總額 48 68
(b) Staff costs (including Directors’
emoluments):
(b) 員工成本
（包括董事酬金）：
Salaries, wages and other benefits 薪金、工資及其他福利 5,056 4,391
Retirement benefits scheme
contributions
退休福利計劃
供款 166 57
5,222 4,448
(c) Other items: (c) 其他項目：
Cost of inventories# 存貨成本# 245,870 96,018
Depreciation charges 折舊費用
– Owned property, plant and
equipment
－自有物業、廠房及
設備 40 44
– Right-of-use assets －使用權資產 647 779
Impairment loss of trade receivables 貿易應收款項減值虧損 – 1,608
Impairment loss of prepayment 預付款項減值虧損 – 1,501
Short-term lease expense 短期租賃開支 – 31
Rentals receivable from investment
property less direct outgoings of
HK$114,000 (2020: Nil)
來自投資物業之應收租金
減直接支出114,000
港元（二零二零年：無） (764) –
Remark:
# Cost of inventories include write-down of inventories of HK$13,089,000 (2020:
HK$3,292,000).
19
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
9. 所得稅
於損益內確認的金額：
附註：
(i) 截至二零二一年九月三十日止六個月
的香港利得稅乃按本期間估計應課稅
溢利以稅率%計提撥備，惟本集團
一間附屬公司根據利得稅兩級制為合
資格企業。就該附屬公司而言，首2百
萬港元之應課稅溢利以%的稅率徵
稅，而其餘應課稅溢利以%的稅率
徵稅。
由於本集團該期間並無應課稅溢利，故
並無就截至二零二零年九月三十日止
六個月計提香港利得稅撥備。
(ii) 截至二零二一年九月三十日止六個月，
本集團於中國成立的附屬公司須按25%
的稅率繳納中國企業所得稅。由於本集
團於截至二零二零年九月三十日止六
個月並無應課稅溢利，故並無於簡明綜
合中期財務資料就中國企業所得稅計
提撥備。
(iii) 截至二零二一年九月三十日止六個月，
本集團於澳洲成立的附屬公司須按30%
的稅率繳納澳洲企業所得稅。
(iv) 本集團截至二零二一年及二零二零年
九月三十日止六個月毋須繳納百慕達
及英屬處女群島司法轄區的任何稅項。
9. INCOME TAX
Amounts recognised in profit or loss:
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Current tax 即期稅項
– Hong Kong Profits Tax for the period －本期間香港利得稅 1,979 –
– PRC Enterprise Income Tax for
the period
－本期間中國企業
所得稅 3 –
1,982 –
Under-provision in respect of prior years 過往年度撥備不足
– Australia Corporate Income Tax －澳洲企業所得稅 36 –
Income tax expenses 所得稅開支 2,018 –
Notes:
(i) The provision for Hong Kong Profits Tax for the six months ended 30
September 2021 is calculated at % of the estimated assessable profits
for the period, except for one subsidiary of the Group which is a qualifying
corporation under the two-tiered profits tax rate regime. For this subsidiary, the
first HK$2 million of assessable profits are taxed at % and the remaining
assessable profits are taxed at %.
No Hong Kong Profits Tax has been provided for the six months ended 30
September 2020 as the Group had no assessable profits for that period.
(ii) The Group’s subsidiaries established in the PRC are subject to the PRC
Enterprise Income Tax at 25% for the six months ended 30 September 2021.
No PRC Enterprise Income Tax has been provided for in the condensed
consolidated interim financial information as the Group had no assessable
profits for the six months ended 30 September 2020.
(iii) The Group’s subsidiaries established in Australia are subject to Australia
Corporate Income Tax at 30% for the six months ended 30 September 2021.
(iv) The Group is not subject to any taxation under the jurisdictions of Bermuda
and the British Virgin Islands for the six months ended 30 September 2021
and 2020.
20 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
10. 股息
董事會不建議派付截至二零二一年九
月三十日止六個月的中期股息（二零二
零年：無）。
11. 每股虧損
(a) 每股基本虧損
每股基本虧損乃根據本公司股
東應佔本期間虧損4,236,000 港
元（二零二零年：3,343,000港元）
及於本期間已發行普通股的加
權平均數約314,360,000股（二零
二零年：309,965,000股）計算，
計算如下：
(b) 每股攤薄虧損
於截至二零二一年及二零二零
年九月三十日止六個月，並無已
發行之潛在攤薄普通股。截至
二零二一年及二零二零年九月
三十日止六個月之每股攤薄虧
損與每股基本虧損相同。
10. DIVIDEND
The Board does not recommend the payment of an interim dividend
for the six months ended 30 September 2021 (2020: Nil).
11. LOSS PER SHARE
(a) Basic loss per share
The calculation of basic loss per share is based on the
loss for the period attributable to owners of the Company
of HK$4,236,000 (2020: HK$3,343,000) and the weighted
average number of approximately 314,360,000 (2020:
309,965,000) ordinary shares in issue during the period,
calculated as follows:
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
’000 ’000
千股 千股
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Weighted average number of
ordinary shares:
普通股加權
平均數：
Issued ordinary shares at 1 April 於四月一日已發行普通股 314,360 264,360
Effect of Shares issued upon placing 因配售而發行股份的影響 – 45,605
Weighted average number of
ordinary shares
普通股加權
平均數 314,360 309,965
Basic loss per share
(HK cents per share)
每股基本虧損
（每股港仙） () ()
(b) Diluted loss per share
There were no dilutive potential ordinary shares in issue during
the six months ended 30 September 2021 and 2020. The
diluted loss per share is the same as the basic loss per share
for the six months ended 30 September 2021 and 2020.
21
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
12. 投資物業
本集團根據經營租賃出租投資物業。
租賃的初始存續期間通常為三年，其
後可選擇續訂租約，屆時所有條款均
重新磋商。該等租賃概無包括可變租
賃付款。
物業的公平價值計量
(i) 公平價值層級
下表呈列本集團投資物業於報
告期末按經常性基準計量並分
類為三個等級公平價值層級（定
義見國際財務報告準則第13號
「公平價值計量」）的公平價值。
公平價值計量分類之等級乃參
考估值技術所採用輸入數據之
可觀察程度及重要性而釐定如
下：
－ 第一級估值：公平價值僅
採用第一級輸入數據，即
於計量日相同資產或負債
於活躍市場之未經調整報
價計量
－ 第二級估值：公平價值採
用第二級輸入數據，即未
符合第一級之可觀察輸入
數據計量，而不使用顯著
不可觀察輸入數據。不可
觀察輸入數據為無法獲得
市場數據之輸入數據
12. INVESTMENT PROPERTY
Fair value
公平價值
At 30 September At 31 March
2021 2021
於二零二一年 於二零二一年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
At beginning of the period/year 於本期間╱年度初 45,208 –
Additions 添置 – 46,812
Fair value adjustment 公平價值調整 – (2,410)
Exchange adjustments 匯兌調整 (2,560) 806
At end of the period/year 於本期間╱年度末 42,648 45,208
The Group leases out an investment property under operating lease.
The lease typically run for an initial period of three years, with an
option to renew the lease after that date at which time all terms are
renegotiated. None of the lease includes variable lease payments.
Fair value measurement of property
(i) Fair value hierarchy
The following table presents the fair value of the Group’s
investment property measured at the end of the reporting
period on a recurring basis, categorised into the three-level fair
value hierarchy as defined in IFRS 13 “Fair Value Measurement”.
The level into which a fair value measurement is classified is
determined with reference to the observability and significance
of the inputs used in the valuation technique as follows:
– Level 1 valuations: Fair value measured using only Level
1 inputs . unadjusted quoted prices in active markets
for identical assets or liabilities at the measurement date
– Level 2 valuations: Fair value measured using Level 2
inputs . observable inputs which fail to meet Level
1, and not using significant unobservable inputs.
Unobservable inputs are inputs for which market data are
not available
22 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
12. 投資物業（續）
物業的公平價值計量（續）
(i) 公平價值層級（續）
－ 第三級估值：公平價值採
用顯著不可觀察輸入數據
計量
於截至二零二一年九月三十日
止六個月，並無第一級及第二級
間之轉撥，或自第三級轉入或轉
出（二零二一年三月三十一日：
無）。本集團之政策為於公平價
值層級各等級間之轉撥產生之
報告期末確認。
於二零二一年九月三十日，本集
團之投資物業已被重估。估值
乃由澳洲獨立估值師行Hymans
Valuers and Auctioneers （其員工
具備澳洲物業學會註冊估值師
之資格，對被估值之物業所在位
置及所屬類別具有近期相關之
估值經驗）進行。本集團管理層
已就於各報告日期進行估值時
所採用之估值假設及估值結果
與估值師進行討論。
12. INVESTMENT PROPERTY (Continued)
Fair value measurement of property (Continued)
(i) Fair value hierarchy (Continued)
– Level 3 valuations: Fair value measured using significant
unobservable inputs
Fair value measurements as at
30 September 2021 categorised into
於二零二一年九月三十日之公平價值計量分類
Fair value at
30 September
2021 Level 1 Level 2 Level 3
於二零二一年
九月三十日
之公平價值 第一級 第二級 第三級
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核） （未經審核）
Recurring fair value measurement 經常性公平價值計量
Investment property located in Australia 位於澳洲之投資物業 42,648 – 42,648 –
Fair value measurements as at
31 March 2021 categorised into
於二零二一年三月三十一日之公平價值計量分類
Fair value at
31 March
2021 Level 1 Level 2 Level 3
於二零二一年
三月三十一日
之公平價值 第一級 第二級 第三級
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(Audited) (Audited) (Audited) (Audited)
（經審核） （經審核） （經審核） （經審核）
Recurring fair value measurement 經常性公平價值計量
Investment property located in Australia 位於澳洲之投資物業 45,208 – 45,208 –
During the six months ended 30 September 2021, there were
no transfers between Level 1 and Level 2, or transfers into or
out of Level 3 (31 March 2021: Nil). The Group’s policy is to
recognise transfers between levels of fair value hierarchy as at
the end of the reporting period in which they occur.
The Group’s investment property was revalued as at 30
September 2021. The valuation was carried out by an
independent firm of valuers in Australia, Hymans Valuers and
Auctioneers, who have among their staff Certified Practising
Valuers of The Australian Property Institute with recent
experience in the location and category of property being
valued. The management of the Group has discussed with the
valuer on the valuation assumptions and valuation results when
the valuation is performed at each reporting date.
23
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
12. 投資物業（續）
物業的公平價值計量（續）
(ii) 第二級公平價值計量所用的估值
技術及輸入數據
位於澳洲的投資物業的公平價
值乃使用市場比較法釐定，其經
參考可供比較物業利用市場公
開數據按每平方呎或平方米價
格基準計算的近期售價。
由於COVID-19疫情持續，市場
波動較大，導致本期間估值的
不確定性較高，獨立專業物業
估值師就位於澳洲於二零二一
年九月三十日估值為7,500,000
澳元（相等於 4 2 , 6 4 8 , 0 0 0港
元）（二零二一年三月三十一
日：7 , 5 0 0 , 0 0 0澳元（相等於
45,208,000港元））的投資物業的
估值報告中加入不確定性條文。
13. 物業、廠房及設備
附註： 於截至二零二一年九月三十日止六個
月，本集團就辦公室之使用訂立新的
租賃協議，因此，確認使用權資產增加
1,480,000港元（截至二零二一年三月
三十一日止年度：2,064,000 港元）。
使用權資產
按相關資產類別劃分的使用權資產賬
面淨值分析如下：
12. INVESTMENT PROPERTY (Continued)
Fair value measurement of property (Continued)
(ii) Valuation techniques and inputs used in Level 2 fair value
measurements
The fair value of investment property located in Australia is
determined using market comparison approach by reference
to recent sales price of comparable properties on a price per
square feet or meter basis using market data which is publicly
available.
The ongoing COVID-19 pandemic has resulted in greater
market volati l ity which has led to a higher degree of
uncertainties in respect of the valuation in the current period,
and the independent professional property valuer included
uncertainty clauses in the valuation report in respect of
investment property located in Australia valued at AUD
7,500,000 (equivalent to HK$42,648,000) as at 30 September
2021 (31 March 2021: AUD7,500,000 (equivalent to
HK$45,208,000)).
13. PROPERTY, PLANT AND EQUIPMENT
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Carrying amount at beginning of the period/
year
於本期間╱年度初的
賬面值 2,199 3,394
Additions (note) 添置（附註） 1,518 2,064
Depreciation charge during the period/year 於本期間╱年度內之折舊費用 (687) (1,556)
Reassessment 重新評估 – (1,824)
Exchange adjustments 匯兌調整 31 121
Carrying amount at end of the period/year 於本期間╱年度末的賬面值 3,061 2,199
Note: During the six months ended 30 September 2021, the Group entered into
new lease agreement for use of office and therefore recognised the additions
to right-of-use assets of HK$1,480,000 (year ended 31 March 2021:
HK$2,064,000).
Right-of-use assets
The analysis of the net book value of right-of-use assets by class of
underlying asset is as follows:
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Properties leased for own use, carried at
depreciated cost
供自用的租賃物業，
以折舊成本列賬 2,944 2,082
24 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
14. 商譽
收購金蟻投資有限公司及其附屬公司
已確認商譽2,161,000港元並分配至奶
類產品業務的現金產生單位。
15. 貿易及其他應收款項
除預期將於一年以後收回的租賃按金
317,000港元（二零二一年三月三十一
日：96,000港元）外，所有貿易及其他
應收款項預期於一年內被收回或被確
認為開支。
14. GOODWILL
Goodwill of HK$2,161,000 was recognised from acquisition of Golden
Ant Investment Limited and its subsidiaries and allocated to cash
generating unit of the Milk Products Business.
15. TRADE AND OTHER RECEIVABLES
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Trade receivables, net of loss allowance
(note)
貿易應收款項，扣除虧損
撥備（附註） 68,996 22,364
Other receivables 其他應收款項 1,084 19
Financial assets measured at
amortised cost
按攤銷成本計量之
金融資產 70,080 22,383
Prepayments to suppliers 向供應商作出的預付款項 1,490 43,513
Other prepaid expenses 其他預付開支 86 145
Rental deposits 租賃按金 317 337
Other deposits 其他按金 32 4
72,005 66,382
Representing: 其中：
Current 流動 71,688 66,286
Non-current 非流動 317 96
72,005 66,382
Except for the rental deposit of HK$317,000 (31 March 2021:
HK$96,000) which is expected to be recovered after more than
one year, all of the trade and other receivables are expected to be
recovered or recognised as expense within one year.
25
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
15. 貿易及其他應收款項（續）
附註：
賬齡分析
於報告期末，根據發票日期的貿易應收款項（扣
除虧損撥備）的賬齡分析如下：
貿易應收款項自記賬日期起計0至90日（二零
二一年三月三十一日：0至90日）內到期。
16. 貿易及其他應付款項
所有貿易及其他應付款項預期於一年
內獲支付或須按要求償還。
15. TRADE AND OTHER RECEIVABLES (Continued)
Note:
Aging analysis
As of the end of the reporting period, the aging analysis of trade receivables based on
invoice date and net of loss allowance, is as follows:
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
0 to 30 days 0至30日 55,926 22,364
31 to 60 days 31至60日 8,914 –
61 to 90 days 61至90日 4,156 –
68,996 22,364
Trade receivables are due within 0 to 90 days (31 March 2021: 0 to 90 days) from the
date of billing.
16. TRADE AND OTHER PAYABLES
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Trade payables (note) 貿易應付款項（附註） 48,538 63,154
Other payables 其他應付款項 2,181 1,939
Accruals 應計費用 1,142 1,857
Salary payable 應付薪金 3,924 3,468
Financial liabilities measured at
amortised cost
按攤銷成本計量之
金融負債 55,785 70,418
Deposit received 已收按金 426 452
Other tax payable 其他應付稅項 11,703 11,544
67,914 82,414
All of the trade and other payables are expected to be settled within
one year or are repayable on demand.
26 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
16. 貿易及其他應付款項（續）
附註：
賬齡分析
於報告期末，根據發票日期的貿易應付款項的
賬齡分析如下：
17. 重大關連方交易
除在此未經審核簡明綜合中期財務資
料內其他部分詳述之交易外，本集團
於報告期間有以下與關連方進行之交
易。
於報告期間，本集團主要管理人員之
薪酬（包括付予董事及若干最高薪僱員
之金額）如下：
上述薪酬總額已計入「員工成本」內（見
附註8(b)）。
16. TRADE AND OTHER PAYABLES (Continued)
Note:
Aging analysis
As of the end of the reporting period, the aging analysis of trade payables based on
invoice date were as follows:
At 30 September
2021
At 31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
0 to 30 days 0至30日 39,545 63,154
31 to 60 days 31至60日 8,993 –
48,538 63,154
17. MATERIAL RELATED PARTY TRANSACTIONS
In addition to the transactions detailed elsewhere in these unaudited
condensed consolidated interim financial information, the Group had
the following transactions with related parties during the reporting
period.
Remuneration for key management personnel of the Group, including
amounts paid to the Directors and certain of the highest paid
employees, during the reporting period is as follows:
Six months ended 30 September
截至九月三十日止六個月
2021 2020
二零二一年 二零二零年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Short-term employee benefits 短期僱員福利 3,125 2,750
Post-employment benefits 離職後福利 36 27
3,161 2,777
Total above-mentioned remuneration is included in “staff costs” (see
note 8(b)).
27
Notes to the Unaudited Condensed Consolidated Interim Financial Information
未經審核簡明綜合中期財務資料附註
For the six months ended 30 September 2021 截至二零二一年九月三十日止六個月
阿爾法企業控股有限公司 • 二零二一年中期報告
18. 股本
普通股股東有權收取不時宣派的股息
及有權於本公司大會上按其所持每一
股股份投一票。所有普通股在有關本
公司剩餘資產方面均享有同等地位。
附註：
配售股份
於二零二零年四月十七日，合共50,000,000股
本公司普通股（「配售股份」）已根據配售協議
的條款及條件按配售價每股配售股份港
元成功配售予不少於六名獨立承配人，以獲得
所得款項淨額53,751,000港元（所得款項總額
55,000,000港元減去開支1,249,000港元）。
18. SHARE CAPITAL
Number
of Shares
Amount
equivalent to
Amount
equivalent to
股份數目 相等於金額 相等於金額
US$’000 HK$’000
千美元 千港元
(Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核）
Authorised: 法定：
At 1 April 2020, 31 March 2021,
1 April 2021 and
30 September 2021,
ordinary shares of
US$ each
於二零二零年四月一日、二
零二一年三月三十一日、
二零二一年四月一日及二
零二一年九月三十日每股
面值美元的普通股 625,000,000 100,000 778,000
Issued and fully paid: 已發行及繳足：
At 1 April 2020, ordinary shares
of US$ each
於二零二零年四月一日
每股面值美元的普通股 264,360,383 42,298 329,662
Issuance of Shares upon placing
(note)
於配售發行股份
（附註） 50,000,000 8,000 62,010
At 31 March 2021, 1 April 2021
and 30 September 2021,
ordinary shares of
US$ each
於二零二一年三月三十一日、
二零二一年四月一日及
二零二一年九月三十日
每股面值美元的普通股 314,360,383 50,298 391,672
The owners of the ordinary shares are entitled to receive dividends as
declared from time to time and are entitled to one vote per Share at
meetings of the Company. All ordinary shares rank equally with regard
to the Company’s residual assets.
Note:
Placing of Shares
On 17 April 2020, a total of 50,000,000 ordinary shares of the Company (the “Placing
Share(s)”) have been successfully placed to not less than six independent placees at
the placing price of HK$ per Placing Share pursuant to the terms and conditions
of the placing agreement to generate net proceeds of HK$53,751,000 (gross proceeds
of HK$55,000,000 less expenses of HK$1,249,000).
28 ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Report on Review of Interim Financial Information
中期財務資料審閱報告
致ALPHA PROFESSIONAL HOLDINGS
LIMITED 阿爾法企業控股有限公司*董事會
（於百慕達註冊成立的有限公司）
引言
吾等已審閱載於第4至27頁Alpha Professional
Holdings Limited 阿爾法企業控股有限公司*
（「貴公司」）及其附屬公司（統稱「貴集團」）
的中期簡明綜合財務資料，此中期簡明綜合
財務資料包括 貴集團於二零二一年九月
三十日的簡明綜合財務狀況表及截至當日止
六個月的相關簡明綜合損益及其他全面收
益表、簡明綜合權益變動表及簡明綜合現金
流量表以及若干解釋附註。香港聯合交易所
有限公司證券上市規則規定須根據當中相
關條文及國際會計準則第34號「中期財務報
告」（「國際會計準則第34號」）編製中期財務
資料報告。 貴公司董事須負責根據國際會
計準則第34號編製及公平呈列本中期財務資
料。吾等負責根據吾等之審閱對本中期財務
資料作出結論，並按照協定之委聘條款僅向
作為整體之 閣下報告吾等之結論，除此之
外，別無其他用途。吾等概不就本報告之內
容向任何其他人士承擔責任或接受責任。
審閱範圍
吾等根據香港會計師公會頒佈之香港審閱委
聘準則第2410號「實體之獨立核數師審閱中
期財務資料」進行審閱。中期財務資料之審閱
包括詢問（主要對負責財務及會計事務之人
士），以及採納分析及其他審閱程序。審閱之
範圍遠小於根據香港審計準則進行之審核，
故吾等無法確保吾等已知悉可通過審核辨別
之所有重要事項。因此，吾等並不發表審核
意見。
TO THE BOARD OF DIRECTORS OF
ALPHA PROFESSIONAL HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
INTRODUCTION
We have reviewed the interim condensed consolidated financial information
of Alpha Professional Holdings Limited (the “Company”) and its subsidiaries
(collectively the “Group”) set out on pages 4 to 27, which comprise the
condensed consolidated statement of financial position of the Group as of
30 September 2021 and the related condensed consolidated statement of
profit or loss and other comprehensive income, condensed consolidated
statement of changes in equity and condensed consolidated statement of
cash flows for the six-month period then ended, and certain explanatory
notes. The Rules Governing the Listing of Securities on the Stock Exchange
of Hong Kong Limited require the preparation of a report on interim financial
information to be in compliance with the relevant provisions thereof and
International Accounting Standard 34 “Interim Financial Reporting” (“IAS
34”). The directors of the Company are responsible for the preparation and
fair presentation of this interim financial information in accordance with IAS
34. Our responsibility is to express a conclusion on this interim financial
information based on our review, and to report our conclusion solely to you,
as a body, in accordance with our agreed terms of engagement, and for no
other purpose. We do not assume responsibility towards or accept liability to
any other person for the contents of this report.
SCOPE OF REVIEW
We conducted our review in accordance with Hong Kong Standard on
Review Engagements 2410 “Review of Interim Financial Information
Performed by the Independent Auditor of the Entity” issued by the Hong
Kong Institute of Certified Public Accountants. A review of interim financial
information consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted
in accordance with Hong Kong Standards on Auditing and consequently
does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
Report on Review of Interim Financial Information 中期財務資料審閱報告
29
Report on Review of Interim Financial Information
中期財務資料審閱報告
阿爾法企業控股有限公司 • 二零二一年中期報告
結論
根據吾等之審閱，吾等並無發現任何事項，
令吾等相信中期簡明綜合財務資料於所有重
大方面未有按照國際會計準則第34號編製。
國富浩華（香港）會計師事務所有限公司
執業會計師
香港，二零二一年十一月三十日
史楚珍
執業證書編號P05049
* 僅供識別
CONCLUSION
Based on our review, nothing has come to our attention that causes us to
believe that the interim condensed consolidated financial information is not
prepared, in all material respects, in accordance with IAS 34.
Crowe (HK) CPA Limited
Certified Public Accountants
Hong Kong, 30 November 2021
Sze Chor Chun, Yvonne
Practising Certificate Number P05049
30
Management Discussion and Analysis
管理層討論與分析
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
財務業績
截至二零二一年九月三十日止六個月，本公
司及其附屬公司（統稱「本集團」）的收入約為
百萬港元（二零二零年：百萬港
元），較去年同期增加%。本集團的收入
增加主要由於截至二零二一年九月三十日止
六個月的奶粉及嬰兒食品貿易（「奶類產品業
務」）的收入較二零二零年同期增加%。
本期間虧損約為百萬港元（二零二零年：
百萬港元）。每股基本虧損為港仙（二
零二零年：港仙）。
截至二零二一年九月三十日止六個月，本集
團的行政費用約為百萬港元（二零二零
年：百萬港元），較去年同期減少%。
此乃主要由於本集團確認的貿易應收款項減
值虧損及預付款項減值虧損減少。
業務回顧
本集團主要從事奶類產品業務、提供手機解
決方案（「手機業務」）及物業投資（「物業投
資」）。
奶類產品業務
本集團繼續集中其奶類產品業務於中華人
民共和國（「中國」）、香港及澳洲進行跨境奶
粉貿易。於本期間，本集團主要銷售(i)來自澳
洲及新西蘭的三個奶粉品牌「A2」、「Bubs」及
「愛他美」；(ii)成人奶粉「CapriLac」；以及(iii)
嬰幼兒保健品 —「Vita Bubs」。
截至二零二一年九月三十日止六個月，奶類
產品業務的收入約為百萬港元（二零
二零年：百萬港元），其中銷售奶粉及
嬰兒食品收入約為百萬港元（二零二零
年：百萬港元），特許權費收入約為
百萬港元（二零二零年：百萬港元），以及
相關毛利約為百萬港元（二零二零年：
百萬港元）。須予報告分部溢利（經調整
EBITDA）約為百萬港元（二零二零年：
百萬港元）。
FINANCIAL RESULTS
The revenue of the Company and its subsidiaries (collectively the “Group”)
for the six months ended 30 September 2021 was approximately HK$
million (2020: HK$ million), representing an increase of %
compared to the same period of last year. The increase in revenue of the
Group was primarily attributable to the increase of % in revenue of the
trading of milk powder and baby foods (the “Milk Products Business”) for the
six months ended 30 September 2021 as compared to the corresponding
period in 2020. The loss for the period was approximately HK$ million
(2020: HK$ million). The basic loss per share amounted to cents
(2020: cents).
For the six months ended 30 September 2021, the administrative expenses
of the Group amounted to approximately HK$ million (2020: HK$
million), representing a decrease of % as compared to the same period
of last year. This was mainly due to the decrease in impairment loss of trade
receivables and impairment loss of prepayment recognised by the Group.
BUSINESS REVIEW
The Group is principally engaged in the Milk Products Business, the provision
of mobile handset solution (the “Mobile Business”) and property investment
(the “Property Investment”).
Milk Products Business
The Group continues to run its Milk Products Business focusing on cross-
border milk powder trading in the People’s Republic of China (the “PRC”),
Hong Kong and Australia. During the period, the Group mainly sold (i) milk
powder of three brands from Australia and New Zealand, namely “A2”,
“Bubs” and “Aptamil”; (ii) adult milk powder of “CapriLac”; and (iii) an infant
health care product – “Vita Bubs”.
For the six months ended 30 September 2021, the revenue of the Milk
Products Business was approximately HK$ million (2020: HK$
million), of which the revenue of sales of milk powder and baby foods
was approximately HK$ million (2020: HK$ million), franchise
fee income was approximately HK$ million (2020: HK$ million), and
the corresponding gross profit was approximately HK$ million (2020:
HK$ million). The reportable segment profit (adjusted EBITDA) was
approximately HK$ million (2020: HK$ million).
Management Discussion and Analysis 管理層討論與分析
31
Management Discussion and Analysis
管理層討論與分析
阿爾法企業控股有限公司 • 二零二一年中期報告
手機業務
2019冠狀病毒病（「COVID-19」）自二零二
零年年初在全球爆發以來一直持續至今。於
本期間，手機業務的運營及業績不可避免地
受到疫情影響。面對疫情，手機業務處於被
動位置，無力從縮減的經營中重新挽回已經
減少的訂單及銷售量。科技產業發展日新月
異，產品生命週期短促，手機業務在訂單和
銷售量下跌的影響下，進一步確認存貨撇減
約百萬港元，為本集團本期間業績帶來
不利影響。截至二零二一年九月三十日止六
個月，手機業務的收入約為百萬港元（二
零二零年：百萬港元），較去年同期下降
%。須予報告分部虧損（經調整EBITDA）
約為百萬港元（二零二零年：百萬港
元）。
物業投資
本集團擁有位於152 Milperra Road, Revesby,
NSW 2212, New South Wales, Australia之一
塊總佔地面積約2,462平方米之地塊，及一個
建於其上內部可供租用總面積約1,906平方
米之倉庫（「物業」）。於二零二一年九月三十
日，物業的公平價值為百萬澳元（二零
二一年三月三十一日：百萬澳元）（相等於
約百萬港元（二零二一年三月三十一日：
百萬港元），佔本集團資產總額約%
（二零二一年三月三十一日：%））。截
至二零二一年九月三十日止六個月，物業出
租予一名承租人，並為本集團帶來租金收入
約百萬港元（二零二零年：無）。須予報告
分部溢利（經調整EBITDA）約為百萬港元
（二零二零年：無）。
財務回顧
財務資源、流動資金及資本架構
本集團截至二零二一年九月三十日止六個月
之資本開支及日常經營主要由來自其經營產
生之現金提供資金。本集團定期檢討其流動
資金及財務需求。
於二零二一年九月三十日，本集團之流動
資產約為百萬港元（二零二一年三月
三十一日：百萬港元）及流動負債約為
百萬港元（二零二一年三月三十一日：
百萬港元）。本集團流動資金之流動比
率（流動資產除以流動負債）為倍（二零
二一年三月三十一日：倍）。
Mobile Business
The Coronavirus disease 2019 (the “COVID-19”) has continued since its
worldwide outbreak from the beginning of 2020. The operation and results
of the Mobile Business during the period were inevitably affected due to
the pandemic. In its passive position coping with the pandemic, the Mobile
Business is unable to recapture the already dropping orders and sales
from its scaled-down operations. The ever-evolving technology industry
makes short product life cycles. Under the influence of the decline in orders
and sales volume, the Mobile Business further recognised write-down of
inventories which amounts to approximately HK$ million, adversely
affecting the Group’s results for the period. For the six months ended 30
September 2021, the revenue of the Mobile Business was approximately
HK$ million (2020: HK$ million), representing a decrease of %
as compared with the corresponding period of last year. The reportable
segment loss (adjusted EBITDA) was approximately HK$ million (2020:
HK$ million).
Property Investment
The Group owns a piece of land at 152 Milperra Road, Revesby, NSW 2212,
New South Wales, Australia, with a total site area of approximately 2,462
square metres and has a warehouse erected thereon with a total internal
lettable area of approximately 1,906 square metres (the “Property”). As at
30 September 2021, the fair value of the Property was million (31
March 2021: million) (equivalent to approximately HK$ million
(31 March 2021: HK$ million), representing approximately % (31
March 2021: %) of the total assets of the Group). For the six months
ended 30 September 2021, the Property was leased to a lessee and
generated rental income to the Group of approximately HK$ million (2020:
Nil). The reportable segment profit (adjusted EBITDA) was approximately
HK$ million (2020: Nil).
FINANCIAL REVIEW
Financial Resources, Liquidity and Capital Structure
The Group’s capital expenditure and daily operations for the six months
ended 30 September 2021 are mainly funded by cash generated from
its operations. The liquidity and financing requirements of the Group are
reviewed on a regular basis.
As at 30 September 2021, the Group had current assets of approximately
HK$ million (31 March 2021: HK$ million) and current liabilities
of approximately HK$ million (31 March 2021: HK$ million). The
liquidity of the Group as evidenced by the current ratio (current assets over
current liabilities) was times (31 March 2021: times).
32
Management Discussion and Analysis
管理層討論與分析
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
於二零二一年九月三十日，本集團之貿易及
其他應收款項約為百萬港元（二零二一
年三月三十一日：百萬港元），該增加乃
主要由於在本期間授予奶類產品業務的新
客戶較長的信貸期。本集團之存貨由於二零
二一年三月三十一日之約百萬港元增加
至於二零二一年九月三十日之約百萬港
元，而本集團之貿易及其他應付款項由於二
零二一年三月三十一日之約百萬港元減
少至於二零二一年九月三十日之約百萬
港元。
於二零二一年九月三十日，本集團持有之現
金及銀行結餘約為百萬港元（二零二一
年三月三十一日：百萬港元），其中%
（二零二一年三月三十一日：%）以港元
（「港元」）或美元（「美元」）計值及%（二
零二一年三月三十一日： %）以澳元（「澳
元」）計值。現金及銀行結餘較二零二一年三
月三十一日減少約百萬港元，乃主要由
於在經營活動中使用現金，尤其是在奶類產
品業務。
於二零二一年九月三十日，本集團並無任
何未償還借貸（二零二一年三月三十一日：
無）。
本集團之策略為盡可能維持最低的資產負債
比率。本集團於二零二一年九月三十日之資
產負債比率（通過負債淨額除以權益總額計
算）如下：
As at 30 September 2021, the Group’s trade and other receivables were
approximately HK$ million (31 March 2021: HK$ million), the
increase of which was mainly attributable to a longer credit period having
been granted to a new customer of the Milk Products Business during the
period. The inventories of the Group increased from approximately HK$
million as at 31 March 2021 to approximately HK$ million as at 30
September 2021 and the trade and other payables of the Group decreased
from approximately HK$ million as at 31 March 2021 to approximately
HK$ million as at 30 September 2021.
As at 30 September 2021, the Group maintained cash and bank balances
of approximately HK$ million (31 March 2021: HK$ million), of
which % (31 March 2021: %) were denominated in Hong Kong
dollars (“HK$”) or United States dollars (“US$”) and % (31 March 2021:
%) were denominated in Australian dollars (“AUD”). The decrease of cash
and bank balances of approximately HK$ million as compared to the
position as at 31 March 2021 was mainly due to the use of cash in operating
activities, especially for the Milk Products Business.
The Group had no outstanding borrowing as at 30 September 2021 (31
March 2021: Nil).
The Group’s strategy was to maintain the gearing ratio at the lowest as
possible. The gearing ratio (calculated by net debt over total equity) of the
Group as at 30 September 2021 was as follows:
At
30 September
2021
At
31 March
2021
於二零二一年
九月三十日
於二零二一年
三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Total debt (sum of current liabilities and
non-current liabilities)
負債總額（流動負債及
非流動負債總和） 76,687 89,015
Less: cash and bank balances 減：現金及銀行結餘 (38,103) (70,379)
Net debt 負債淨額 38,584 18,636
Total equity 權益總額 143,691 150,492
Gearing ratio 資產負債比率 % %
33
Management Discussion and Analysis
管理層討論與分析
阿爾法企業控股有限公司 • 二零二一年中期報告
財資政策及財務管理
本集團的財資政策旨在確保(i)能夠滿足本集
團資本承擔、投資及運營的資金需求；及(ii)能
夠管理流動資金，以確保資金流入被配對以
履行所有到期還款之責任，加強現金流量管
理。
本集團旨在最大限度地減低其財務風險。本
集團政策為不從事投機性衍生金融交易，亦
不將現有資本資源投資於具有重大風險之金
融產品。
外匯波動風險
本集團之外匯風險主要來自以外幣（主要以
澳元及美元）計值之交易、營運資金及投資。
於截至二零二一年九月三十日止六個月，本
集團並無使用任何金融工具作對沖用途，而
於二零二一年九月三十日，本集團並無任何
未償還之對沖工具。
本集團將密切監察本集團現有業務及未來潛
在新投資產生的匯率風險，並將於適當時實
施必要對沖安排以減輕任何重大外匯風險。
本集團資產抵押
本集團於二零二一年九月三十日並無就其資
產作任何抵押（二零二一年三月三十一日：
無）。
或然負債
本集團於二零二一年九月三十日並無或然負
債（二零二一年三月三十一日：無）。
重大資本承擔
本集團於二零二一年九月三十日並無重大資
本承擔（二零二一年三月三十一日：無）。
所持重大投資
除「業務回顧 — 物業投資」一段所披露外，於
二零二一年九月三十日及截至該日止六個
月，本集團並無持有其他重大投資。
重大收購及出售
截至二零二一年九月三十日止六個月，本集
團並無任何重大收購及出售附屬公司、聯營
公司或合營企業。
Treasury Policy and Financial Management
The Group’s treasury policy aims to ensure that (i) the funding requirements
for capital commitments, investments and operations of the Group can be
fulfilled; and (ii) liquidity can be managed to ensure that fund inflows are
matched against all maturing repayment obligations to enhance cash flow
management.
The Group aims to minimise its financial risk exposure. The Group’s policy
is not to engage in speculative derivative financial transactions and not to
invest its existing capital resources in financial products with significant risks.
Risk of Foreign Exchange Fluctuation
The Group’s foreign exchange risk primarily arises from transactions, working
capitals and investments denominated in foreign currencies, mainly in AUD
and US$. During the six months ended 30 September 2021, the Group did
not use any financial instruments for hedging purpose and the Group did not
have any hedging instruments outstanding as at 30 September 2021.
The Group will monitor closely the exchange rate risk arising from the
Group’s existing operations and potential new investments in future and
will implement necessary hedging arrangements to mitigate any significant
foreign exchange risk when and if appropriate.
Charge on Group Assets
As at 30 September 2021, the Group did not have any charges on its assets
(31 March 2021: Nil).
Contingent Liabilities
The Group had no contingent liabilities as at 30 September 2021 (31 March
2021: Nil).
Material Capital Commitments
The Group had no material capital commitments as at 30 September 2021
(31 March 2021: Nil).
Significant Investments Held
Save as disclosed in the paragraph headed “Business Review – Property
Investment”, the Group did not hold other significant investments as at and
for the six months ended 30 September 2021.
Material Acquisitions and Disposals
The Group had no material acquisitions and disposals of subsidiaries,
associates or joint ventures for the six months ended 30 September 2021.
34
Management Discussion and Analysis
管理層討論與分析
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
報告期結束後事項
除本報告「控股股東變更及無條件強制性現
金要約」一段所披露的華得（定義見下文）就
要約股份（定義見下文）提出無條件強制性現
金要約外，自二零二一年九月三十日後至本
報告日期，並無發生任何影響本集團並需要
披露的重大事項。
僱員
於二零二一年九月三十日，本集團有32名僱
員（二零二一年三月三十一日：23名）。於截
至二零二一年九月三十日止六個月，僱員成
本總額（包括董事酬金）約為百萬港元（二
零二零年：百萬港元）。本集團維持具競
爭力之薪酬政策。僱員薪酬包括薪金及酌情
表現花紅，乃經參考本集團之業績、市場水
平以及僱員個別表現和貢獻而釐定。本集團
定期檢討包括表現花紅在內之薪酬待遇。
業務發展
於本期間，本集團繼續向奶類產品業務投放
資源，在本集團上下持續的努力下，其業績
得到明顯的提升。奶類產品業務於本期間的
半年收入已超越上一個財政年度的全年紀
錄，繼續為本集團整體業績帶來支持。本集
團現時主要銷售「A2」、「Bubs」及「愛他美」
奶粉品牌。其中，「Bubs」品牌的銷售量較上
一財政年度之下半年上升達92%，而「A2」品
牌的銷售則維持穩步增長趨勢。另外，本集
團也在本期間引入銷售「A2」品牌的成人及
孕婦奶粉系列產品，憑藉其優良的品質，產
品有一定市場和客戶。截至二零二二年三月
三十一日止財政年度之下半年，本集團將會
在維持原有市場（即澳洲及中國）銷售計劃的
基礎上，推進「Bubs」品牌商品在香港地區銷
售的計劃。未來，本集團奶類產品業務將會
繼續積極推動產品多樣性發展，以滿足客戶
群體的更多需求。
而手機業務方面，競爭白熱化、國際政局和
環境轉變、貿易爭端、原材料成本上漲加上
持續近兩年的COVID-19疫情的影響均削弱
了中小型手機生產加工廠廠商的生存空間，
為本集團手機業務的運營及業績表現帶來極
大壓力。去年失去的杜拜、南非、孟加拉及越
南市場至今一直未能收復。本期間手機業務
只收到少量的細型新訂單，盈利能力已大不
如前，甚至繼續出現虧損。
Event after the End of the Reporting Period
Save as the making of an unconditional mandatory cash offer for the Offer
Shares (as defined below) by Well Dynasty (as defined below) which was
disclosed in the paragraph headed “Change of Controlling Shareholder
and the Unconditional Mandatory Cash Offer” in this report, there were no
significant events affecting the Group and requiring disclosure that has taken
place subsequent to 30 September 2021 and up to the date of this report.
EMPLOYEES
As at 30 September 2021, the Group had 32 employees (31 March 2021:
23). Total staff cost, including Directors’ emoluments, of approximately
HK$ million (2020: HK$ million) was incurred during the six months
ended 30 September 2021. The Group maintains a policy of paying
competitive remuneration. Remuneration of employees which included
salary and discretionary performance bonus is decided with reference to the
results of the Group, the market level as well as individual performance and
contributions. Remuneration packages (including performance bonuses) are
reviewed on a regular basis by the Group.
BUSINESS DEVELOPMENT
During the period, the Group continued to devote resources to the Milk
Products Business. With the persistent efforts of the Group, the performance
of the Milk Products Business improved significantly. The half-year revenue of
the Milk Products Business during the period exceeded the annual record of
the previous financial year and continued to provide support to the Group’s
overall performance. The Group currently mainly sells milk powder under
the brands of “A2”, “Bubs” and “Aptamil”. The sales volume of the “Bubs”
brand increased by 92% as compared to the second half of the last financial
year, while the sales of the “A2” brand maintained a steady growth trend. In
addition, the Group also introduced during the period a series of milk powder
products for adults and pregnant women under the brand of “A2”, and the
products achieved satisfactory sales performance with its high quality. In
the second half of the financial year ending 31 March 2022, the Group will
expand the sale of products under the “Bubs” brand to Hong Kong while
maintaining the sales plan for the existing markets, such as Australia and the
PRC. In the future, with the Milk Products Business, the Group will continue
to actively promote product diversification to meet the increasing demand
from its customers.
In terms of the Mobile Business, intensifying competition, changes in the
international political situation and environment, trade disputes, the rise in
costs of raw materials, as well as the impacts of the COVID-19 that have
lasted for nearly two years, have reduced the viability of small and medium
scale mobile handset manufacturers and processors and put tremendous
pressure on the operations and performance of the Group’s Mobile
Business. The markets of Dubai, South Africa, Bangladesh and Vietnam that
had been lost last year have not been recovered yet. During the period, the
Mobile Business only received a few small new orders, and its profitability
significantly deteriorated and even continued to record a loss.
35
Management Discussion and Analysis
管理層討論與分析
阿爾法企業控股有限公司 • 二零二一年中期報告
展望
本集團一直以來的業務策略為(i)鞏固現有業
務基礎；(ii)強化本集團之競爭優勢；及(iii)積極
尋求業務發展及多元化的機遇。在業務發展
及多元化上，本集團於二零二零年二月開拓
奶類產品業務，並於二零二一年二月開展物
業投資。
奶類產品業務目前表現出色，未來本集團會
繼續積極深化其良好的業務基礎，透過提供
高品質的產品和良好的客戶體驗獲取客戶忠
誠度及拓展新客戶群，並進一步擴大其於亞
洲市場（特別是中國市場）的奶類產品銷售份
額，努力維持奶類產品業務的增長。期望奶
類產品業務能成為日後貢獻本集團業績的新
亮點。物業投資則為本集團提供了一項穩定
的租金收入來源，而物業所潛在的自用性將
有利本集團將來發展。
手機業務方面，本集團主要是通過ODM手機
代工對外進行出口。在COVID-19爆發影響
下，能接收到的訂單相應減少，本集團只能
盡可能縮減其手機業務經營規模，並通過節
流積極降低運營成本，以應對挑戰，靜待疫
情結束市場回暖後重新出發。
現時COVID-19疫情依然持續，各地專家也未
能估計疫症何時結束，但隨著各國已接種新
冠疫苗的人口增加，疫情的嚴重性應有望減
輕。未來疫情的發展及其對環球經濟的進一
步影響仍有待觀察。企業面臨危機的同時也
見到機遇，儘管本集團現時並未有任何重大
投資或資本資產之詳細計劃，為了提升業務
表現及維持長期價值，本集團定必遵照其業
務策略繼續發展。
OUTLOOK
The Group’s business strategy has been to (i) reinforce the existing business
foundation; (ii) strengthen the Group’s competitive edge; and (iii) actively
seek opportunities for business development and diversification. In respect
of business development and diversification, the Group developed its Milk
Products Business in February 2020 and commenced Property Investment in
February 2021.
The Milk Products Business is performing well and the Group will continue
to build on its strong business foundation by providing high quality products
and good customer experience to gain customer loyalty and develop new
customer base, and further expand its market share of milk products in the
Asian markets, especially in the PRC, in an effort to sustain the growth of the
Milk Products Business. The Milk Products Business is expected to become
a new bright spot for the Group’s performance in the future. The Property
Investment provides a stable source of rental income for the Group and the
potential owner-occupancy of the property will benefit the Group’s future
development.
In terms of the Mobile Business, the Group mainly focused on export trading
through ODM of mobile handsets. As a result of the COVID-19 outbreak,
orders reduced and the Group had to scale down the operations of the
Mobile Business as much as possible and actively reduce operating costs
through cost cutting measures to meet the challenges and wait for the
market to rebound once the pandemic ends.
The COVID-19 pandemic is still ongoing and experts around the world
are unable to estimate when the pandemic will end, but the severity of the
pandemic is expected to diminish as the number of people vaccinated
with the COVID-19 vaccine increases in various countries. The future
development of the pandemic and its further impact on the global economy
remains to be seen. Although the Group does not have any detailed plans
for material investments or capital assets, the Group will continue to develop
in line with its business strategy in order to enhance its performance and
maintain its long-term value, as it sees opportunities alongside the crisis.
36
Management Discussion and Analysis
管理層討論與分析
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
控股股東變更及無條件強制性現金要約
本公司獲Alpha Professional Development
Limited（「APDL」，本公司當時的控股股東）
告知，APDL與華得投資有限公司（「華得」）已
於二零二一年九月二十九日（交易時段後）訂
立買賣協議，據此，APDL已有條件同意出售
而華得已有條件同意收購177,965,114股本
公司股份（「銷售股份」）（佔本公司全部已發
行股本約%）。銷售股份之買賣於二零
二一年九月二十九日完成（「完成」）後，華得
已成為本公司的母公司及控股股東，持有本
公司全部已發行股本約%。
華得為M i r a c l e P l a n e t D e v e l o p m e n t s
Limited的全資附屬公司，而Miracle Planet
Developments Limited則由莊舜而女士（「莊
女士」）全資擁有。緊接完成前，Vigor Online
Offshore Limited（China Spirit Limited的全資
附屬公司）擁有14,000,000股本公司股份，
而莊女士於China Spirit Limited擁有100%實
益權益。於二零二一年九月三十日，莊女士
被視為於本公司全部已發行股本中擁有約
%的權益而被視為本公司的最終控制
方。
華得已根據香港證券及期貨事務監察委員會
發佈的收購及合併守則就本公司的所有已發
行股份（華得及其一致行動人士已擁有及／
或已同意收購者除外）（「要約股份」）提出無
條件強制性現金要約（「要約」），要約項下共
有26份有效接納涉及合共15,061,501股要約
股份。要約的詳情載於本公司日期分別為二
零二一年十月四日、二零二一年十月二十二
日及二零二一年十一月二十九日的聯合公告
及本公司日期為二零二一年十一月八日的綜
合文件。
CHANGE OF CONTROLLING SHAREHOLDER AND THE
UNCONDITIONAL MANDATORY CASH OFFER
The Company was informed by Alpha Professional Development Limited
(“APDL”), the then controlling shareholder of the Company, that on 29
September 2021 (after trading hours), APDL and Well Dynasty Investments
Limited (“Well Dynasty”) had entered into a sale and purchase agreement,
pursuant to which APDL has conditionally agreed to sell and Well Dynasty
has conditionally agreed to acquire 177,965,114 shares of the Company
(the “Sale Shares”) representing approximately % of the entire issued
share capital of the Company. Following the completion of the sale and
purchase of the Sale Shares which took place on 29 September 2021 (the
“Completion”), Well Dynasty has become the parent and the controlling
shareholder of the Company holding approximately % of the entire
issued share capital of the Company.
Well Dynasty is a wholly-owned subsidiary of Miracle Planet Developments
Limited, which in turn is a company wholly-owned by Ms. Chong Sok Un
(“Ms. Chong”). Immediately prior to Completion, Vigor Online Offshore
Limited, a wholly-owned subsidiary of China Spirit Limited, owned
14,000,000 shares of the Company, and Ms. Chong owned 100% beneficial
interests in China Spirit Limited. As at 30 September 2021, Ms. Chong was
deemed to be interested in approximately % of the entire issued share
capital of the Company and was regarded as the ultimate controlling party of
the Company.
In accordance with the Code on Takeovers and Mergers issued by the
Securities and Futures Commission of Hong Kong, Well Dynasty has made
an unconditional mandatory cash offer (the “Offer”) for all the issued shares
of the Company (other than those shares already owned and/or agreed
to be acquired by Well Dynasty and parties acting in concert with it) (the
“Offer Shares”) and there were 26 valid acceptances in respect of a total
of 15,061,501 Offer Shares under the Offer. Details of the Offer were set
out in the joint announcements of the Company dated 4 October 2021,
22 October 2021 and 29 November 2021, respectively and the composite
document of the Company dated 8 November 2021.
37
Corporate Governance and Other Information
企業管治及其他資料
阿爾法企業控股有限公司 • 二零二一年中期報告
COMPLIANCE WITH CORPORATE GOVERNANCE CODE
The Company has complied with the applicable code provisions of the
Corporate Governance Code as set out in Appendix 14 to the Rules
Governing the Listing of Securities (the “Listing Rules”) on The Stock
Exchange of Hong Kong Limited (the “Stock Exchange”) throughout the six
months ended 30 September 2021.
DIRECTORS’ SECURITIES TRANSACTIONS
The Company has adopted the Model Code for Securities Transaction by
Directors of Listed Issuers (the “Model Code”) as set out in Appendix 10 to
the Listing Rules.
Specific enquiry has been made to each of the directors of the Company
(the “Directors”) and all Directors confirmed that they have complied with
the required standards as set out in the Model Code throughout the six
months ended 30 September 2021.
AUDIT COMMITTEE REVIEW
The audit committee of the Company (the “Audit Committee”) has reviewed
with the management the accounting principles and practices adopted by
the Company and its subsidiaries (collectively the “Group”) and discussed
financial reporting matters including a general review of the unaudited
interim financial report for the six months ended 30 September 2021.
In carrying out this review, the Audit Committee has relied on a review
conducted by the Group’s external auditor in accordance with Hong Kong
Standard on Review Engagements 2410 “Review of Interim Financial
Information Performed by the Independent Auditor of the Entity” issued by
the Hong Kong Institute of Certified Public Accountants as well as reports
obtained from management. The Audit Committee has not undertaken
detailed independent audit checks.
PURCHASE, SALE OR REDEMPTION OF THE LISTED
SECURITIES OF THE COMPANY
Neither the Company nor any of its subsidiaries had purchased, sold or
redeemed any of the listed securities of the Company for the six months
ended 30 September 2021.
INTERIM DIVIDEND
The board of the Directors does not recommend the payment of an interim
dividend for the six months ended 30 September 2021 (2020: Nil).
遵守企業管治守則
本公司於整個截至二零二一年九月三十日
止六個月內已遵守香港聯合交易所有限公司
（「聯交所」）證券上市規則（「上市規則」）附錄
14所載之企業管治守則之適用守則條文。
董事之證券交易
本公司已採納上市規則附錄10所載上市發行
人董事進行證券交易的標準守則（「標準守
則」）。
經對每名本公司董事（「董事」）作出具體查詢
後，全體董事均確認，彼等於截至二零二一年
九月三十日止六個月內已遵守標準守則所載
之所需標準。
審核委員會之審閱
本公司審核委員會（「審核委員會」）連同管理
層已審閱本公司及其附屬公司（統稱「本集團」）
所採納之會計原則及慣例，並就財務匯報事項
進行商討，包括對截至二零二一年九月三十日
止六個月之未經審核中期財務報告作出概括
之審閱。審核委員會乃倚賴本集團外聘核數師
按照香港會計師公會頒佈之香港審閱工作準
則第2410號「由實體的獨立核數師對中期財務
資料的審閱」所作出之審閱結果以及管理層之
報告進行上述審閱。審核委員會並無進行詳細
之獨立核數審查。
購買、出售或贖回本公司上市證券
本公司或其任何附屬公司於截至二零二一年
九月三十日止六個月內概無購買、出售或贖回
本公司任何上市證券。
中期股息
董事會不建議派付截至二零二一年九月三十
日止六個月的中期股息（二零二零年：無）。
Corporate Governance and Other Information 企業管治及其他資料
38
Corporate Governance and Other Information
企業管治及其他資料
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
Corporate Governance and Other Information 企業管治及其他資料
董事資料之變更
自本公司二零二一年年報（「二零二一年年報」）
報告日期起根據上市規則第(1)條須予
披露之董事資料之變更載列如下：
自二零二一年八月十八日起，李澤雄先生已辭
任聖馬丁國際控股有限公司（股份代號：482）
的獨立非執行董事。
股本
於二零二一年九月三十日，本公司已發行
股份（「股份」）總數為每股面值美元之
314,360,383股股份（二零二一年三月三十一
日：每股面值美元之314,360,383股股份）。
本公司於截至二零二一年九月三十日止六個
月之股本變動詳情載於未經審核簡明綜合中
期財務資料附註18。
購股權計劃
本公司已於二零二零年九月八日舉行之股東
週年大會上採納購股權計劃（「購股權計劃」）。
購股權計劃由二零二零年九月八日起生效，除
另行取消或修訂外，有效期為該日起計十年。
購股權計劃之主要條款概要已載於二零二一
年年報內。
自二零二零年九月八日採納購股權計劃至二
零二一年九月三十日，概無根據購股權計劃授
出、行使、失效或註銷購股權。於二零二一年
九月三十日，根據購股權計劃，本公司概無未
行使的購股權。
董事於證券之權益
於二零二一年九月三十日，概無董事、本公司
主要行政人員及彼等之聯繫人於本公司或其
任何相聯法團（定義見證券及期貨條例第XV
部）的股份、相關股份或債券中擁有任何其他
個人、家族、公司及其他權益或淡倉而須記錄
於根據證券及期貨條例第352條須存置的登記
冊內，或根據標準守則另行知會本公司及聯交
所。
CHANGES IN DIRECTORS’ INFORMATION
The changes in Directors’ information since the date of the 2021 annual
report of the Company (the “2021 Annual Report”) required to be disclosed
pursuant to Rule (1) of the Listing Rules are set out below:
Mr. Li Chak Hung resigned as an independent non-executive director of
Sandmartin International Holdings Limited (Stock Code: 482) with effect
from 18 August 2021.
SHARE CAPITAL
As at 30 September 2021, the total number of issued shares of the
Company (the “Shares”) was 314,360,383 of US$ each (31 March
2021: 314,360,383 Shares of US$ each).
Details of movements in share capital of the Company for the six months
ended 30 September 2021 are set out in note 18 to the unaudited
condensed consolidated interim financial information.
SHARE OPTION SCHEME
The Company had adopted a share option scheme (the “Share Option
Scheme”) at the annual general meeting held on 8 September 2020. The
Share Option Scheme became effective on 8 September 2020 and, unless
otherwise cancelled or amended, will remain in force for 10 years from that
date. A summary of the principal terms of the Share Option Scheme was set
out in the 2021 Annual Report.
Since the adoption of the Share Option Scheme on 8 September 2020
and up to 30 September 2021, no share options under the Share Option
Scheme were granted, exercised, lapsed or cancelled. As at 30 September
2021, the Company has no outstanding options under the Share Option
Scheme.
DIRECTORS’ INTERESTS IN SECURITIES
As at 30 September 2021, none of the Directors, chief executives of the
Company nor their associates had any other personal, family, corporate
and other interests or short positions in the shares, underlying shares or
debentures of the Company or any of its associated corporations (within the
meaning of Part XV of the SFO) as recorded in the register required to be
kept under section 352 of the SFO or as otherwise notified to the Company
and the Stock Exchange pursuant to the Model Code.
39
Corporate Governance and Other Information
企業管治及其他資料
阿爾法企業控股有限公司 • 二零二一年中期報告
主要股東及其他人士之權益
於二零二一年九月三十日，以下人士或實體
（並非董事或本公司主要行政人員）於股份或
相關股份中，擁有或被視為擁有根據證券及期
貨條例第336條規定須存置在登記冊內，或另
行知會本公司的權益或淡倉：
於股份及相關股份之好倉
SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’
INTERESTS
As at 30 September 2021, the following persons or entities, other than
Directors or chief executives of the Company, had or were deemed to have
interests or short positions in the Shares or underlying Shares which were
recorded in the register required to be kept by the Company under section
336 of the SFO, or which were notified to the Company:
Long Position in the Shares and Underlying Shares
Name of shareholder
股東名稱
Capacity
身份
Number of
issued Shares held
所持已發行
股份數目
Approximate
percentage of
the total number
of issued Shares
(Note 1)
佔已發行股份總數
之概約百分比（附註1）
Well Dynasty Investments Limited
(“Well Dynasty”)
Beneficial owner
實益擁有人
177,965,114 %
華得投資有限公司（「華得」）
Chong Sok Un (“Ms. Chong”) Interests of controlled corporation 191,965,114 %
莊舜而（「莊女士」） 受控法團權益 (Note 2)
（附註2)
Sun Hung Kai Structured
Finance Limited (“SHKSFL”)
Person having a security interest in
shares
177,965,114 %
新鴻基結構融資有限公司
（「新鴻基結構融資」）
持有股份的保證權益的人士 (Note 3)
（附註3)
Shipshape Investments Limited Interests of controlled corporation 177,965,114 %
Shipshape Investments Limited 受控法團權益 (Note 3)
（附註3)
Sun Hung Kai & Co. Limited Interests of controlled corporation 177,965,114 %
新鴻基有限公司 受控法團權益 (Note 3)
（附註3)
Allied Group Limited Interests of controlled corporation 177,965,114 %
聯合集團有限公司 受控法團權益 (Note 4)
（附註4)
Lee Seng Hui Interests of controlled corporation 177,965,114 %
李成輝 受控法團權益 (Note 4)
（附註4)
Lee Seng Huang Interests of controlled corporation 177,965,114 %
李成煌 受控法團權益 (Note 4)
（附註4)
Lee Su Hwei Interests of controlled corporation 177,965,114 %
李淑慧 受控法團權益 (Note 4)
（附註4)
40
Corporate Governance and Other Information
企業管治及其他資料
ALPHA PROFESSIONAL HOLDINGS LIMITED • Interim Report 2021
附註：
1. 已發行股份總數之百分比乃根據於二零二一年
九月三十日已發行之314,360,383股股份而定。
2. 華得為Miracle Planet Developments Limited之
全資附屬公司，而Miracle Planet Developments
Limited為莊女士全資擁有之公司。Vigor Online
Offshore Limited為China Spirit Limited之全資
附屬公司，擁有14,000,000股股份。莊女士於
China Spirit Limited擁有100%實益權益。因此，
莊女士被視為(i)透過Miracle Plant Developments
Limited及華得擁有177,965,114股股份；及(ii)
透過China Spirit Limited及Vigor Online Offshore
Limited於14,000,000股股份中擁有權益。
3. 於二零二一年九月三十日，根據華得（作為按揭
人）與新鴻基結構融資簽訂日期為二零二一年
九月二十九日的股份按揭，據此，177,965,114
股股份按揭質押予新鴻基結構融資，以作為持
續抵押。
新鴻基結構融資由Shipshape Investments
Limited全資擁有，而Shipshape Investments
Limited由新鴻基有限公司全資擁有。因此，透
過新鴻基結構融資於177,965,114股股份中擁
有之保證權益，Shipshape Investments Limited
及新鴻基有限公司均被視為於177,965,114股
股份中擁有權益。
4. 於二零二一年九月三十日，新鴻基有限公司由
聯合集團有限公司（「聯合集團」）透過其附屬公
司擁有約%，聯合集團因而被視為於擁有
新鴻基有限公司所持股份之權益。
於二零二一年九月三十日，李成輝先生、李淑
慧女士及李成煌先生為Lee and Lee Trust（全權
信託）的信託人。Lee and Lee Trust控制聯合集
團已發行股份總數約%（包括李成輝先生
的個人權益），因而被視為擁有聯合集團所持股
份之權益。
除上文披露者外，於二零二一年九月三十日，
概無其他人士或實體（並非董事或本公司主要
行政人員）於股份或相關股份中，擁有或被視
為擁有根據證券及期貨條例第336條規定須存
置在登記冊內，或另行知會本公司的權益或淡
倉。
Notes:
1. The percentage of the total number of issued Share is based on the 314,360,383
Shares issued as at 30 September 2021.
2. Well Dynasty is a wholly-owned subsidiary of Miracle Planet Developments Limited,
which in turn is a company wholly owned by Ms. Chong. Vigor Online Offshore
Limited, a wholly-owned subsidiary of China Spirit Limited, owns 14,000,000 Shares.
Ms. Chong owns 100% beneficial interests in China Spirit Limited. Accordingly, Ms.
Chong is deemed to have an interest of (i) 177,965,114 Shares through Miracle Planet
Developments Limited and Well Dynasty; and (ii) 14,000,000 Shares through China
Spirit Limited and Vigor Online Offshore Limited.
3. As at 30 September 2021, 177,965,114 Shares were mortgaged to SHKSFL as a
continuing security under a share mortgage dated 29 September 2021 entered into
by Well Dynasty (as mortgagor) and SHKSFL.
SHKSFL was wholly owned by Shipshape Investments Limited which was in turn
wholly owned by Sun Hung Kai & Co. Limited. Therefore, through SHKSFL’s security
interest in the 177,965,114 Shares, each of Shipshape Investments Limited and Sun
Hung Kai & Co. Limited was deemed to be interested in the 177,965,114 Shares.
4. As at 30 September 2021, Sun Hung Kai & Co. Limited was owned as to
approximately % by Allied Group Limited (“AGL”) via its subsidiaries. AGL was
therefore deemed to have an interest in the shares in which Sun Hung Kai & Co.
Limited was interested.
Mr. Lee Seng Hui, Ms. Lee Su Hwei and Mr. Lee Seng Huang are the trustees of
the Lee and Lee Trust, being a discretionary trust. The Lee and Lee Trust controlled
approximately % of the total number of issued shares of AGL (inclusive of Lee
Seng Hui’s personal interests) as at 30 September 2021, and was therefore deemed
to have an interest in the shares in which AGL was interested.
Save as disclosed above, as at 30 September 2021, there were no other
persons or entities, other than Directors or chief executives of the Company,
had or were deemed to have interests or short positions in the Shares or
underlying Shares which were recorded in the register required to be kept
under section 336 of the SFO, or which were notified to the Company.
封面
目錄
公司資料
簡明綜合損益及其他全面收益表
簡明綜合財務狀況表
簡明綜合權益變動表
簡明綜合現金流量表
未經審核簡明綜合中期財務資料附註
中期財務資料審閱報告
管理層討論與分析
企業管治及其他資料
封底
