Financial Performance - The company reported a consolidated profit of $150 million for the fiscal year, representing a 10% increase compared to the previous year[95]. - The Group's consolidated revenue for the year ended December 31, 2024, was approximately HK$1,074,248,000, representing an increase of approximately 3.7% compared to HK$1,036,268,000 in 2023[26]. - Non-gaming revenue decreased to approximately HK$863,966,000 in 2024 from approximately HK$989,503,000 in 2023, while gaming revenue increased significantly to approximately HK$210,282,000 from approximately HK$46,765,000[26]. - The loss attributable to the owners of the Company was approximately HK$494,142,000, a decrease from approximately HK$522,439,000 in 2023, with a basic and diluted loss per share of HK51.54 cents compared to HK114.59 cents in the previous year[27]. - The consolidated net asset value of the Company as of December 31, 2024, was approximately HK$6,340,262,000, down from approximately HK$7,405,721,000 in 2023[28]. Revenue Growth and Market Expansion - User data showed a growth of 25% in active users, reaching 2 million by the end of the fiscal year[95]. - The company provided a revenue guidance of $200 million for the next fiscal year, indicating a projected growth of 15%[95]. - New product launches contributed to a 30% increase in sales in the last quarter, with three new products introduced[95]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[95]. - A strategic acquisition of a local competitor was completed for $50 million, expected to enhance market capabilities[95]. Operational Efficiency and Cost Management - The company aims to reduce operational costs by 5% through efficiency improvements in the upcoming year[95]. - The management is actively exploring new strategies to improve operational efficiency and reduce costs[27]. - Research and development expenses increased by 12%, focusing on innovative technologies and product enhancements[95]. Customer Satisfaction and Experience - Customer satisfaction ratings improved to 85%, up from 78% last year, reflecting enhanced service quality[95]. - The company introduced a Hanbok rental service and various promotional events to enhance customer experiences amid intense competition[41]. Gaming Business Performance - The gaming business recorded net revenue of approximately HK$210,282,000, representing a substantial increase of approximately 350% compared to HK$46,765,000 in 2023[47]. - The gaming business segment reported a loss of approximately HK$139,281,000, an improvement from a loss of approximately HK$258,417,000 in 2023[52]. - The Company aims to enhance its gaming business segment, which has shown significant growth in revenue[26]. Property Development and Real Estate - Revenue from sales of residential properties amounted to approximately HK$97,093,000, down from approximately HK$201,969,000 in 2023[50]. - The property development segment generated revenue of approximately HK$97,093,000 from residential property sales, down from HK$201,969,000 in 2023, indicating a decline due to macroeconomic conditions[54]. - As of December 31, 2024, approximately HK$259,623,000 was classified as completed properties for sale, a decrease from HK$345,807,000 in 2023[54]. Financial Position and Liabilities - The Group's total liabilities were approximately HK$1,545,197,000 as of December 31, 2024, down from approximately HK$1,795,347,000 in 2023[72]. - The Group's current ratio decreased to 0.53 as of December 31, 2024, compared to 2.69 in 2023, primarily due to the classification of bank borrowings as current liabilities[70]. - The Group's gearing ratio was 19.6% as of December 31, 2024, compared to 19.5% in 2023[72]. Corporate Governance - The board does not recommend the payment of a final dividend for the year, consistent with the previous year[129]. - The board is committed to high standards of corporate governance to enhance investor confidence and maximize shareholder returns[136]. - The Company has complied with all code provisions set out in the Corporate Governance Code, except for one instance of absence by an independent non-executive director[137]. - The Board aims to maintain a minimum of 15% female representation, with a long-term target of gender parity by the end of 2034[159]. Risk Management - The Group has established risk management and internal control systems to monitor and manage significant risks affecting business strategy and performance[62]. - The Group faced risks from changes in government regulations and policies that could significantly affect development plans and budgets[69]. - Environmental risks could lead to substantial costs due to various health and environmental protection laws[69]. Future Outlook - Future outlook includes continued investment in gaming and entertainment facilities to capitalize on market opportunities[25]. - The group plans to focus on facility upgrades and host large gaming tournaments in 2025 to enhance competitiveness and attract tourists[57]. - The company does not rule out the possibility of conducting debt and/or equity fundraising exercises to support future developments and investments[101].

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 1,074,248,000, representing an increase of 3.7% compared to HKD 1,036,268,000 in 2023[3] - The net loss attributable to equity holders for the year was HKD 494,142,000, a slight improvement from a loss of HKD 522,439,000 in the previous year[4] - The segment performance showed a loss before tax of HKD 494,086,000 for 2024, compared to a loss of HKD 522,748,000 in 2023, indicating an improvement in financial performance[15] - The group reported a pre-tax loss of HKD 108,397,000 for 2024, a decrease of 18.2% from HKD 132,700,000 in 2023[21] - The group’s other income and gains totaled HKD 1,288,000 in 2024, a significant decrease from HKD 20,222,000 in 2023[20] - The group recorded a net impairment of approximately HKD 11,041,000 for trade receivables and other receivables, an increase from HKD 9,852,000 in the previous year[54] Assets and Liabilities - The company's total assets decreased to HKD 7,885,459,000 from HKD 9,201,068,000, reflecting a decline of approximately 14.3%[5][6] - The company’s non-current assets decreased to HKD 7,120,785,000 from HKD 8,358,982,000, indicating a reduction of about 14.8%[5][6] - The company’s equity attributable to equity holders decreased to HKD 6,340,262,000 from HKD 7,405,721,000, a decline of approximately 14.4%[6] - The total liabilities for the year ended December 31, 2024, were HKD 1,545,197,000, compared to HKD 1,795,347,000 in 2023, showing a reduction of about 13.9%[16] - The total liabilities decreased from HKD 329,340,000 in 2023 to HKD 266,053,000 in 2024, indicating a decline of approximately 19.2%[36] Revenue Segmentation - The company reported segment revenue from the integrated resort development of HKD 754,803,000, while the gaming business generated HKD 210,282,000, and property development contributed HKD 109,163,000 for 2024[13] - Non-gaming revenue for the year was approximately HKD 863,966,000, while gaming revenue was approximately HKD 210,282,000, compared to HKD 989,503,000 and HKD 46,765,000 respectively in the previous year[43] - The integrated resort development segment recorded revenue of approximately HKD 754,803,000 for the year, a decrease of about 2.9% compared to HKD 777,558,000 in the previous fiscal year[47] - The gaming business segment achieved a significant revenue increase to approximately HKD 210,282,000, representing a growth of about 350% from HKD 46,765,000 in the previous fiscal year[48] - The property development segment reported revenue from residential property sales of approximately HKD 97,093,000, down from HKD 201,969,000 in the previous year, while property management revenue increased to approximately HKD 12,070,000 from HKD 9,976,000[50] Cash Flow and Financial Position - The group’s cash and cash equivalents decreased to HKD 56,435,000 in 2024 from HKD 68,757,000 in 2023, a drop of 17.9%[29] - Cash and cash equivalents increased to HKD 310,915,000 in 2024 from HKD 266,043,000 in 2023, representing a growth of approximately 16.8%[33] - The group has secured bank loans totaling HKD 1,231,252,000, backed by properties valued at HKD 1,408,989,000 as of 2024[38] - The group has interest-bearing bank borrowings of approximately HKD 1,204,252,000, which are due in June 2025[65] - The group has capital commitments of HKD 53,447,000 for properties under development as of the reporting period[67] Share Capital and Fundraising - The company issued 845,250,000 shares at HKD 0.034 per share, raising a total cash subscription price of HKD 28,739,000, increasing the issued share capital by HKD 8,453,000 and share premium account by HKD 20,286,000[41] - A rights issue was conducted, issuing 1,014,301,000 shares at HKD 0.26 per share, resulting in a total cash consideration of HKD 263,718,000, increasing the issued share capital by HKD 10,143,000 and share premium account by HKD 253,575,000[41] - The company announced a proposed capital reorganization on April 18, 2024, involving a share consolidation and capital reduction, which was approved by shareholders on June 13, 2024[60][61] - The company raised approximately HKD 258.6 million from a rights issue, with funds allocated for maintenance, renovation, and upgrades of Jeju Shinhwa World, among other uses[63][64] Operational Developments - The company has enhanced its marketing efforts for dining services and introduced traditional Korean costume rental services to attract more visitors[46] - The Jeju Shinhwa World has become a premier integrated resort in Northeast Asia, featuring over 2,000 quality rooms and various entertainment options, including a water park and theme park[44] - The group plans to continue facility upgrades and host major gaming tournaments in 2025 to enhance competitiveness and attract visitors[51] - The group remains open to exploring further development opportunities in the Jeju Myth World residential project despite a slowdown in the property market[52] Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements reflect the group's financial position as of December 31, 2024, in accordance with Hong Kong Financial Reporting Standards[82] - The audit committee consists of three independent non-executive directors, and there have been no disagreements between the board and the audit committee regarding accounting principles and financial statements[85]

e D SHIN HWA WORLD LIMITED 神話世界有限公司 (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立及於百慕達存續之有限公司) Stock Code 股份代號：00582 2024 INTERIM REPORT 中期報告 Corporate Information 公司資料 2 Unaudited Interim Results of the Group 本集團之未經審核中期業績 4 Report on Review of Interim Financial Information 中期財務資料的審閱報告 5 7 Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 8 Condensed Consolidated Statement of Financi ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 524,725,000, representing a 25.5% increase from HKD 418,094,000 in the same period of 2023[2]. - The net loss attributable to equity holders for the period was HKD 231,540,000, compared to a net loss of HKD 338,939,000 in the prior year, indicating a 31.7% improvement[2][3]. - The basic and diluted loss per share for the period was HKD 45.62, down from HKD 74.34 in the same period last year, reflecting a 38.6% reduction in loss per share[2]. - The adjusted loss before tax for the six months ended June 30, 2024, was HKD 231,520,000, compared to a loss of HKD 337,962,000 for the same period in 2023[12]. - The company reported a net loss attributable to shareholders of HKD 231,540,000 for the six months ended June 30, 2024, compared to a net loss of HKD 338,939,000 for the same period in 2023, representing a decrease in loss of approximately 31.7%[21]. - The company reported a total tax expense of HKD 20,000 for the six months ended June 30, 2024, compared to HKD 977,000 in the same period of 2023, indicating a significant reduction in tax liabilities[19]. Assets and Liabilities - Total non-current assets decreased to HKD 7,729,365,000 from HKD 8,358,982,000, a decline of 7.5%[4]. - Current assets totaled HKD 745,239,000, down from HKD 842,086,000, representing a 11.5% decrease[4]. - Total liabilities increased significantly, with current liabilities rising to HKD 1,655,515,000 from HKD 312,553,000, indicating a substantial increase in financial obligations[5]. - The company's total equity decreased to HKD 6,757,069,000 from HKD 7,405,721,000, a decline of 8.7%[5]. - As of June 30, 2024, the company's net asset value was approximately HKD 6,757,069,000, down from HKD 7,405,721,000 as of December 31, 2023[40]. - The current ratio decreased to 0.45 as of June 30, 2024, compared to 2.69 as of December 31, 2023, primarily due to reclassification of bank loans[46]. - The total liabilities of the group were approximately HKD 1,717,535,000 as of June 30, 2024, down from HKD 1,795,347,000 as of December 31, 2023[46]. Revenue Segments - For the six months ended June 30, 2024, total revenue from the integrated resort development segment was HKD 265,318,000, while the gaming business generated HKD 114,871,000[12]. - Non-gaming revenue for the same period was approximately HKD 409,854,000, while gaming revenue was approximately HKD 114,871,000, compared to HKD 394,290,000 and HKD 23,804,000 respectively in the previous year[40]. - The integrated resort development segment reported revenue of approximately HKD 339,336,000, a decrease of about 2% compared to HKD 347,838,000 in the same period of 2023[42]. - The gaming business segment recorded net revenue of approximately HKD 114,871,000, representing a significant increase of over 380% compared to HKD 23,804,000 in the same period of 2023[43]. - The property development segment achieved a profit of approximately HKD 30,930,000, a substantial increase of 92% compared to HKD 16,153,000 in the same period of 2023[44]. Cash Flow and Financing - The bank loan balance as of June 30, 2024, was HKD 1,359,415,000, which is due within one year[9]. - The company expects to refinance the bank loans maturing in June 2025, ensuring sufficient operating capital for the foreseeable future[9]. - The company is in discussions for refinancing existing bank loans maturing in June 2025, with new financing expected to be implemented in 2024[56]. - The company plans to utilize the proceeds from the rights issue for general working capital and specific operational enhancements[52]. - The company has maintained a focus on ensuring sufficient liquidity to meet operational needs through a combination of internal resources and financing options[56]. Operational Focus and Strategy - The company continues to focus on the development and operation of integrated leisure and entertainment resorts, as well as property development, as part of its strategic direction[6]. - The group plans to continue upgrading facilities and improving services to enhance performance in the competitive market[45]. - The group is exploring opportunities to effectively utilize land at Jeju Shinhwa World to expand revenue sources in the long term[45]. - The group remains cautious regarding capital commitments and will act prudently in future development and investment plans to maintain liquidity[45]. - The group anticipates that an increase in designated flights and routes to Jeju will significantly improve business performance[45]. Employee and Operational Metrics - As of June 30, 2024, the group had approximately 1,531 employees, with total employee costs amounting to approximately HKD 263,912,000, compared to HKD 255,864,000 for the six months ended June 30, 2023[58]. Shareholder Information - The company has issued 507,150,231 shares as of June 30, 2024, with a par value of HKD 0.01 per share[33]. - Following a rights issue on July 23, 2024, the company raised approximately HKD 263,718,000 by issuing 1,014,300,462 shares at HKD 0.26 per share, increasing its issued share capital to approximately HKD 15,215,000[38]. - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[20]. Miscellaneous - The company did not adopt any new accounting standards that would have a significant financial impact on the interim financial data[11]. - The independent auditor's review concluded that there were no matters that caused them to believe the interim financial information was not prepared in accordance with Hong Kong Accounting Standard 34[63]. - The group has no significant events after the reporting period that would materially affect its operations and financial performance[62].

Financial Performance - The company reported a consolidated profit of $XX million for the fiscal year, representing a YY% increase compared to the previous year[1]. - The Group's consolidated revenue for the year ended December 31, 2023, was approximately HK$1,036,268,000, a decrease of approximately 25.3% compared to HK$1,386,800,000 in 2022[29]. - Non-gaming revenue for the year was approximately HK$989,503,000, down from approximately HK$1,340,673,000 in 2022[29]. - Gaming revenue increased slightly to approximately HK$46,765,000 from approximately HK$46,127,000 in 2022[29]. - The loss attributable to the owners of the Company was approximately HK$522,439,000, compared to a loss of approximately HK$216,911,000 in 2022[30]. - Basic and diluted loss per share attributable to owners of the parent was HK12.36 cents, up from HK5.13 cents in 2022[30]. - The consolidated net asset value as of December 31, 2023, was approximately HK$7,405,721,000, down from approximately HK$8,117,383,000 in 2022[31]. - The consolidated net asset value per share attributable to owners of the parent was approximately HK$1.75, compared to approximately HK$1.92 in 2022[31]. - The increase in consolidated net loss was attributed to pressure on room prices and occupancy rates due to competition and increased marketing and operating expenses[30]. - The downturn in the property market and rising interest rates contributed to a decrease in residential property sales[30]. Revenue and Market Growth - User data showed a growth of ZZ% in active users, reaching a total of AA million users by the end of the reporting period[1]. - The company provided a revenue guidance of $BB million for the next quarter, indicating a projected growth of CC% year-over-year[1]. - New product launches contributed to a revenue increase of $DD million, accounting for EE% of total sales during the reporting period[1]. - Market expansion efforts have led to a YY% increase in market share in the Asia-Pacific region, with plans to enter additional markets in the coming year[1]. Investments and Strategic Initiatives - The company is investing $FF million in R&D for new technologies aimed at enhancing user experience and operational efficiency[1]. - The company completed a strategic acquisition for $GG million, expected to enhance its service offerings and customer base[1]. - A new marketing strategy was implemented, resulting in a 10% increase in customer engagement metrics[1]. Operational Performance - The company reported a cash flow from operations of $HH million, reflecting a strong liquidity position[1]. - The Integrated Resort Development segment generated revenue of approximately HK$777,558,000, a decrease of approximately 17.8% from HK$946,200,000 in 2022, with a segment loss of approximately HK$203,715,000 compared to a loss of HK$154,120,000 in the previous year[46][50]. - The gaming business showed recovery momentum, with both rolling volume and non-rolling volume increasing compared to the previous financial year, although a decline in winning percentage negatively impacted segment revenue[48][51]. - The company faced pressure on room prices and occupancy rates due to intense competition and domestic customers traveling abroad after the easing of travel restrictions[45][49]. Customer Experience and Facilities - The company launched various promotional events and new facilities, including a premium cinema and a media-based story park, to enhance customer experiences[45]. - Jeju Shinhwa World features over 2,000 high-quality guest rooms and suites, including a five-star rated Marriott Resort and other lifestyle hotels, catering to diverse guest segments[37][41]. - The Shinhwa Waterpark is the largest water park in Jeju, covering 18,000 square meters and offering various attractions suitable for all ages[39][42]. - The MICE business capitalizes on the largest column-free ballroom in Jeju, hosting numerous high-profile regional and international events[44]. - The Shinsegae Simon Jeju Premium Center offers one-stop shopping, attracting both domestic and foreign tourists with a range of luxury and local brands[44]. Financial Position and Liabilities - As of December 31, 2023, the Group's non-current assets were approximately HK$8,358,982,000, a decrease from approximately HK$8,739,920,000 in 2022[75]. - The Group's net current assets as of December 31, 2023, were approximately HK$529,533,000, down from approximately HK$959,703,000 in 2022[75]. - The current ratio decreased to 2.69 as of December 31, 2023, compared to 3.69 in 2022, primarily due to reduced cash and cash equivalents used in operating activities[75]. - The Group's total liabilities amounted to approximately HK$1,795,347,000 as of December 31, 2023, down from approximately HK$1,938,639,000 in 2022[77]. - The gearing ratio was 19.5% as of December 31, 2023, slightly up from 19.3% in 2022[77]. Corporate Governance - The Board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition[134]. - The Company has received annual confirmations of independence from the three independent non-executive directors, ensuring compliance with Listing Rules[136]. - The Acting Chairperson, Ms. Chan Mee Sze, is responsible for monitoring Board effectiveness and enhancing corporate governance practices[133]. - The Company has established a code of conduct and compliance manual to ensure adherence to corporate governance standards[170]. - The Company aims to maintain a minimum of 15% female representation on the Board, with a long-term goal of achieving gender parity by the end of 2034[152]. Risk Management and Compliance - The board is responsible for maintaining effective risk management and internal control systems to safeguard shareholder investments[196]. - The Company’s compliance with legal and regulatory requirements was reviewed by the Audit Committee[170]. - The Company has implemented a comprehensive induction program for newly appointed directors to understand their duties and the group's operations[187]. - The Company will continue to monitor currency and interest rate risks closely, particularly due to fluctuations in KRW and USD[99][100].

智通财经APP获悉，神话世界(00582)复牌低开近18%，截至发稿，跌17.95%，报0.032港元，成交额20.02万港元。 消息面上，神话世界公布，建议股本重组，将股份10合1，紧随进行一供二，发行最多10.14亿股；供股价0.26港元，较停牌前理论收市价折让33.33%。集资总额2.64亿港元，所得净额2.59亿港元，拟用于济州神话世界的保养、翻新及设施升级；发展度假区业务及博彩业务；利息开支；及一般营运资金。 值得注意的是，资料显示，神话世界大股东仰智慧2020年12月因涉嫌操纵证券市场被中证监立案调查，2023年6月卸任公司董事。 ...

智通财经APP讯，神话世界(00582)发布公告，该公司拟进行股本重组，将涉及以下事项：股份合并，每10股公司已发行股本中每股0.01港元的现有股份将合并为1股每股0.10港元的合并股份;股本削减，公司的已发行股本将予削减，方法为透过注销于股份合并后公司已发行股本中合并股份总数中任何零碎合并股份，将公司已发行股本中合并股份总数向下凑整至最接近整数;及届时的每股已发行合并股份注销0.09港元公司实缴股本，致使每股已发行合并股份的面值由0.10港元削减至0.01港元。 于本公告日期，现有股份于联交所的每手买卖单位为1200股现有股份。董事会建议，于股本重组生效后，将于联交所的每手买卖单位由1200股现有股份更改为6000股经调整股份。 待股本重组及更改每手买卖单位生效后，按于记录日期每持有1股经调整股份获发1股供股股份的基准，以认购价每股供股股份0.26港元进行供股，以透过发行最多10.14亿股供股股份(假设自本公告日期起至记录日期(包括该日)已发行股份总数并无变动(因股本重组而导致者除外))筹集最多约2.64亿港元(扣除开支前)。 供股的估计所得款项净额将约为2.59亿港元(假设自本公告日期起至记录日期(包括该 ...

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,036,268,000, a decrease of 25.2% compared to HKD 1,386,800,000 in 2022[4] - The company reported a loss before tax of HKD 522,748,000, compared to a loss of HKD 235,049,000 in the previous year, representing a 122.4% increase in losses[4] - Basic and diluted loss per share for the year was HKD 12.36, compared to HKD 5.13 in 2022, indicating a significant increase in per-share losses[4] - Total comprehensive loss for the year was HKD 711,662,000, compared to HKD 692,952,000 in 2022, reflecting a slight increase in overall losses[6] - The segment performance showed a total loss before tax of HKD 522,748,000 for 2023, compared to a loss of HKD 235,049,000 in 2022, indicating a worsening performance[18] - The net loss attributable to the company's owners for the year was approximately HKD 522,439,000, compared to a loss of HKD 216,911,000 in 2022, with a basic and diluted loss per share of HKD 0.1236[54] Assets and Liabilities - Non-current assets decreased to HKD 8,358,982,000 from HKD 8,739,920,000 in 2022, a decline of 4.4%[8] - Current assets also decreased to HKD 842,086,000 from HKD 1,316,102,000, representing a 36.0% decline[8] - Total liabilities decreased from HKD 1,938,639,000 in 2022 to HKD 1,795,347,000 in 2023, a reduction of 7.4%[9] - The company's net asset value decreased to HKD 7,405,721,000 from HKD 8,117,383,000, a decline of 8.8%[9] - The total assets as of December 31, 2023, amounted to HKD 9,201,068,000, down from HKD 10,056,022,000 in 2022, reflecting a decrease of about 8.5%[19] - The total liabilities increased to HKD 1,795,347,000 in 2023 from HKD 1,938,639,000 in 2022, showing a reduction of approximately 7.4%[22] - As of December 31, 2023, the total liabilities of the group were approximately HKD 1,795,347,000, a decrease from HKD 1,938,639,000 in 2022, resulting in a debt-to-asset ratio of 19.5% compared to 19.3% in 2022[70] Revenue Breakdown - Non-gaming revenue for the year was approximately HKD 989,503,000, down from HKD 1,340,673,000 in the previous year, while gaming revenue was approximately HKD 46,765,000, slightly up from HKD 46,127,000[54] - The integrated resort development segment generated revenue of approximately HKD 777,558,000 for the year, a decrease of about 17.8% compared to HKD 946,200,000 in the previous year[61] - The gaming business recorded a net revenue of approximately HKD 46,765,000, slightly up from HKD 46,127,000 in the previous year, but incurred a segment loss of approximately HKD 258,417,000, compared to HKD 173,965,000 in the previous year[63] - Sales from residential properties and property management amounted to approximately HKD 201,969,000 and HKD 9,976,000 respectively, down from HKD 386,143,000 and HKD 8,330,000 in the previous year[64] Expenses and Costs - The company reported a net financial cost of HKD 102,886,000 for 2023, compared to HKD 98,570,000 in 2022, indicating an increase in financial expenses[18] - Employee benefits expenses increased to HKD 535,150,000 in 2023, up 14.1% from HKD 469,015,000 in 2022[29] - The total depreciation and amortization for the segments amounted to HKD 293,788,000 in 2023, compared to HKD 488,809,000 in 2022, showing a significant reduction[19] - Depreciation and amortization expenses decreased significantly to HKD 295,192,000 in 2023 from HKD 490,330,000 in 2022, a reduction of 39.8%[29] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 266,043,000 in 2023 from HKD 503,421,000 in 2022, a decline of 47.3%[44] - As of December 31, 2023, the group's cash and bank balances were approximately HKD 266,043,000, down from HKD 503,421,000 in the previous year[69] - The current ratio decreased to 2.69 from 3.69 in the previous year, primarily due to cash and cash equivalents reduction used for operating activities and partial repayment of bank borrowings[68] Future Plans and Developments - The group plans to continue gradual maintenance, renovation, and facility upgrades at Jeju Shinhwa World, including the launch of a new premium cinema equipped with advanced sound systems[66] - The group will focus on the feasibility of further residential development in Jeju Shinhwa World to optimize land use and expand revenue sources[66] - The board believes that the reopening of borders will drive the recovery of the tourism industry, despite current pressures on room rates and occupancy[65] - The group will maintain a cautious approach to capital commitments and will act prudently in future development and investment plans to ensure robust liquidity[65] Shareholder Information - The group did not recommend a final dividend for the year ended December 31, 2023, consistent with 2022[35] - The group reported a loss per share of HKD 0.00 for both 2023 and 2022, with no potential diluted shares outstanding[36][37] - The group plans to issue 845,250,000 new ordinary shares at a subscription price of HKD 0.034 per share, which will represent approximately 16.67% of the enlarged issued share capital post-issue[51] Regulatory and Compliance - The company adopted new and revised Hong Kong Financial Reporting Standards during the year, which did not have a significant financial impact on the financial statements[15] - The audit committee consists of three independent non-executive directors, with no disagreements reported between the board and the audit committee for the year[95] - The annual report will be published in accordance with listing rules and will be sent to shareholders at an appropriate time[97]

Financial Performance - Revenue for the six months ended June 30, 2023, was HK$418,094,000, a decrease of 39.4% compared to HK$691,554,000 in the same period of 2022 [23]. - Loss before tax for the period was HK$317,513,000, compared to a loss of HK$82,265,000 in the prior year, representing a significant increase in losses [23]. - Loss attributable to owners of the parent for the period was HK$338,939,000, up from HK$105,358,000 in the previous year, indicating a 221.5% increase in losses [23]. - Basic and diluted loss per share attributable to owners of the parent was HK8.02 cents, compared to HK2.49 cents in the same period last year [23]. - Total comprehensive loss for the period attributable to owners of the parent was HK$629,363,000, compared to HK$739,404,000 in the same period last year, showing a decrease of 14.9% [25]. - The company reported a loss for the period of HK$338,939,000, contributing to a total comprehensive loss of HK$629,363,000 for the period [33]. - The accumulated losses increased to HK$8,872,430,000 as of June 30, 2023, compared to HK$8,228,341,000 at the beginning of the year [33]. - The total tax charge for the period was HK$21,426,000, a slight decrease from HK$23,093,000 in the previous year [99]. Cash and Liquidity - The Group's cash incident is under investigation, with restricted cash of KRW 10,150,000,000 (approximately HK$ 60,325,000) and additional cash of KRW 3,250,000,000 (approximately HK$ 19,316,000) seized by the Jeju Police, totaling KRW 13,400,000,000 (approximately HK$ 79,641,000) [18]. - Cash and cash equivalents at the end of the period were HK$ 313,885,000, down from HK$ 513,984,000 at the end of June 2022, reflecting a net decrease of HK$ 180,178,000 [39]. - The company reported a net cash flow decrease of HK$ 180,178,000 in cash and cash equivalents, reflecting operational challenges [39]. - The Group's cash and bank balances as of June 30, 2023, were approximately HK$313,885,000, down from approximately HK$503,421,000 as of December 31, 2022 [195]. - The current ratio decreased to 2.7 as of June 30, 2023, compared to 3.69 as of December 31, 2022, primarily due to a decrease in cash and cash equivalents [194]. Assets and Liabilities - Total non-current assets decreased to HK$8,295,228,000 as of June 30, 2023, from HK$8,739,920,000 at the end of 2022, reflecting a decline of 5.1% [30]. - Current assets decreased to HK$1,108,671,000 as of June 30, 2023, down from HK$1,316,102,000 at the end of 2022, a reduction of 15.8% [30]. - Net current assets were HK$697,417,000, down from HK$959,703,000 at the end of 2022, indicating a decrease of 27.3% [30]. - Non-current liabilities decreased to HK$1,504,625,000 as of June 30, 2023, from HK$1,582,240,000 at the end of 2022, a decline of 4.9% [30]. - The Group's total liabilities were approximately HK$1,915,879,000 as of June 30, 2023, a slight decrease from approximately HK$1,938,639,000 as of December 31, 2022 [196]. - The gearing ratio increased to 20.4% as of June 30, 2023, compared to 19.3% as of December 31, 2022 [196]. Operational Insights - The management discussion and analysis section provides insights into the Group's performance and future outlook [8]. - The Group continues to monitor the situation closely, with updates provided as investigations progress [18]. - The financial results reflect the Group's ongoing commitment to maintaining robust financial practices amid challenges [8]. - The decline in revenue was attributed to intense competition, a decrease in residential property sales, increased operating expenses due to inflation, and the absence of a prior period reversal of impairment [158]. - The Group is engaged in the development and operation of integrated leisure and entertainment resorts, gaming, and property development, indicating a diversified business model [42]. Segment Performance - For the six months ended June 30, 2023, total segment revenue was HK$418,094,000, a decrease of 39.5% compared to HK$691,554,000 for the same period in 2022 [78][84]. - The Integrated Resort Development segment generated revenue of HK$347,838,000, while the Gaming Business and Property Development segments contributed HK$23,804,000 and HK$46,452,000, respectively [78]. - The Property Development segment reported a profit of HK$16,153,000, contrasting with losses in the other segments, which indicates potential growth in this area [78]. - Non-gaming revenue for the Period was approximately HK$394,290,000, down from approximately HK$658,918,000 in 2022, while gaming revenue decreased to approximately HK$23,804,000 from approximately HK$32,636,000 [157]. Future Outlook - The Group plans to reformulate its marketing strategy to seize opportunities from the rebound of tourism following the easing of travel restrictions in early 2023 [187]. - Rising interest rates and inflation are expected to challenge the Group's operations, leading to cautious capital commitments and prudent future development plans [189]. - The Group is exploring further residential development in Jeju Shinhwa World to better utilize land and broaden income streams [190]. - The Group will continue to evaluate its funding needs and explore fundraising opportunities as they arise [190].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 Shin Hwa World Limited 神 話 世 界 有 限 公 司 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：00582） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 神話世界有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此提呈本公司及其附 屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「本期間」）之未經審核 中期業績，連同二零二二年同期之比較數字。本公司之審核委員會（「審核委員會」） 已與本公司管理層審閱及討論本集團本期間之未經審核中期財務資料。 ...