Financial Performance - For the six months ended June 30, 2023, the company recorded revenue of $8.8 million, a 40.7% increase from $6.2 million for the same period in 2022[6]. - Profit for the same period increased from $1.5 million in 2022 to $2.0 million in 2023, with basic and diluted earnings per share rising from $0.25 to $0.29[6]. - Revenue increased by 40.7% from $6.2 million for the six months ended June 30, 2022, to $8.8 million for the six months ended June 30, 2023, driven by growth in cross-border digital marketing services and cross-border e-commerce SaaS solutions[19]. - Revenue from standardized digital marketing services rose by 35.3% to $4.7 million, while revenue from customized digital marketing services increased by 48.4% to $2.3 million[19]. - Revenue from cross-border e-commerce SaaS solutions surged by 601.6% to $1.4 million, attributed to an increase in the number of clients and independent stores established through the Powershopy platform[19]. - Gross profit increased by 57.4% to $7.6 million, with gross margin rising from 77.4% to 86.6% due to reduced sales costs and increased revenues from various service segments[20]. - Net profit increased by 36.3% to $2.0 million, with net profit margin slightly decreasing from 23.8% to 23.1% due to higher administrative expenses and financial costs[26]. - Operating profit increased to $4,358,000 from $2,498,000, reflecting a 74.5% year-over-year growth[62]. - Profit before tax for the six months was $2,371,000, compared to $1,727,000 in the previous year, marking a 37.3% increase[62]. - The total comprehensive income for the six months ended June 30, 2023, was $2,014 thousand, with a profit of $2,024 thousand[69]. Client and Market Expansion - The total billing from marketing clients increased from $222.6 million to $288.4 million year-over-year[7]. - The company aims to expand its cross-border digital marketing services and SaaS solutions, focusing on emerging markets like Southeast Asia[9]. - The company serves over 2,500 marketing clients across various industries, including e-commerce and online gaming[6]. - The company emphasizes a customer-oriented development approach to create diverse marketing solutions[7]. - The company plans to promote its cross-border e-commerce SaaS solutions, utilizing 13.3% (approximately HKD 12.9 million) of the net proceeds, expected to be completed by the end of 2025[51]. Financial Management and Investments - The company is committed to prudent financial management to ensure healthy key financial indicators[6]. - The company seeks opportunities for collaboration or investment that can enhance its existing business capabilities[9]. - The company plans to invest in and innovate its Adorado and Powershopy platforms to optimize and upgrade its services[9]. - The company plans to continue optimizing and upgrading its Adorado and Powershopy platforms to expand client coverage and enhance brand reputation in overseas markets[17]. - The company has established partnerships with major social media operators including Meta, Google, TikTok, Twitter, LinkedIn, YouTube, and Snapchat[7]. Employee and Operational Costs - As of June 30, 2023, the company had 80 full-time employees, down from 87 a year earlier, with total employee costs recorded at $1.9 million[16]. - Administrative expenses rose from $1.8 million to $2.9 million, primarily due to listing expenses[21]. - Employee costs decreased to $1,883,000 from $2,100,000, reflecting a reduction of 10.4%[85]. Debt and Cash Flow - Financial costs increased from $0.8 million to $2.0 million, mainly due to rising market interest rates impacting bank loan interest[23]. - Cash and cash equivalents decreased from $27.7 million as of December 31, 2022, to $15.4 million as of June 30, 2023, mainly due to higher total payments to media publishers and extended payment terms for key customers[30]. - Bank loans increased from $29.0 million as of December 31, 2022, to $33.2 million as of June 30, 2023, to support business expansion and development[29]. - The debt-to-equity ratio rose from 20.7% as of December 31, 2022, to 73.5% as of June 30, 2023, due to increased bank loan balances despite an increase in total equity[33]. - The company reported a net cash used in operating activities of $(30,302) thousand for the six months ended June 30, 2023, compared to $24,051 thousand for the same period in 2022[70]. Shareholder Information - No interim dividend was recommended for the six months ended June 30, 2023, compared to $7.8 million for the same period in 2022[31]. - The company had no significant contingent liabilities or major investments during the relevant period, and no plans for significant investments or capital assets as of June 30, 2023[37]. - The company reported a basic and diluted earnings per share of $0.29 for the six months ended June 30, 2023, compared to $0.25 for the same period in 2022[62]. - The company raised $17,835 thousand through the issuance of shares during the financing activities[70]. - The company issued 599,000,000 fully paid shares through capitalization of the share premium account on March 3, 2023[108]. Future Outlook and Strategic Initiatives - The company is investing $FF million in R&D for new technologies, focusing on AI and AR applications[130]. - Market expansion efforts are underway in the Asia-Pacific region, targeting a growth rate of GG% in that market segment[132]. - A new marketing strategy has been implemented, aiming to increase brand awareness by II% over the next six months[134]. - The board has approved a share buyback program worth $LL million to enhance shareholder value[131].

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of $8,764,000, a 40.7% increase from $6,227,000 in the same period of 2022[2] - Gross profit for the same period was $7,588,000, up 57.5% from $4,821,000 year-over-year[2] - Operating profit increased to $4,358,000, representing a 74.4% rise compared to $2,498,000 in the prior year[2] - The company achieved a net profit of $2,024,000, which is a 36.2% increase from $1,485,000 in the previous year[2] - Basic and diluted earnings per share were reported at 0.29 cents, compared to 0.25 cents in the same period last year[2] - Revenue increased from $6.2 million for the six months ended June 30, 2022, to $8.8 million for the six months ended June 30, 2023, representing a growth of approximately 41.9%[35] - Pre-tax profit for the six months ended June 30, 2023, was $2,016,000, significantly up from $799,000 in the same period of 2022, marking an increase of approximately 152.4%[15] - Basic earnings per share for the six months ended June 30, 2023, were $2,024,000, compared to $1,485,000 for the same period in 2022, reflecting an increase of approximately 36.3%[19] Assets and Liabilities - The total assets as of June 30, 2023, were $3,588,000, an increase from $2,777,000 at the end of 2022[3] - Current assets net value rose to $21,593,000 from $4,082,000 at the end of 2022[4] - The company’s total equity increased significantly to $24,270,000 from $6,313,000 at the end of 2022[6] - Trade receivables as of June 30, 2023, amounted to $134,299,000, up from $113,212,000 as of December 31, 2022, indicating a growth of approximately 18.6%[22] - The company reported a total of $84,484,000 in trade and other payables as of June 30, 2023, down from $99,773,000 as of December 31, 2022, representing a decrease of approximately 15.3%[25] - The company’s bank loans as of June 30, 2023, totaled $33,227,000, up from $29,021,000 as of December 31, 2022, representing an increase of approximately 14.3%[27] - The debt-to-equity ratio increased from 20.7% to 73.5%, primarily due to the increase in bank loan balances despite an increase in total equity[55] Revenue Breakdown - Revenue from standardized digital marketing services was $4,659,000, up from $3,444,000 in the previous year[12] - Customized digital marketing services revenue reached $2,303,000, compared to $1,552,000 in the same period last year[12] - Revenue from cross-border online store SaaS solutions surged by 601.6% to $1.4 million, attributed to an increase in customer numbers and the number of independent stores established through the Powershopy platform[42] - Revenue increased by 40.7% from $6.2 million for the six months ended June 30, 2022, to $8.8 million for the six months ended June 30, 2023, driven by growth in cross-border digital marketing services and cross-border online store SaaS solutions[41] - Revenue from standardized digital marketing services rose by 35.3% to $4.7 million, while customized digital marketing services revenue increased by 48.4% to $2.3 million[41] Expenses and Costs - The company incurred research and development costs of $592,000 for the six months ended June 30, 2023, compared to $668,000 in the same period of 2022, showing a decrease of approximately 11.4%[16] - Administrative expenses rose from $1.8 million to $2.9 million, primarily due to listing expenses[45] - Interest expenses on bank loans rose from $0.8 million for the six months ended June 30, 2022, to $2.0 million for the six months ended June 30, 2023[58] IPO and Capital Management - The net proceeds from the IPO on March 31, 2023, amounted to $15,943,000 after deducting direct listing expenses of $1,892,000[33] - The company's authorized share capital increased from $50,000 to $20,000,000 following a resolution passed on March 3, 2023[32] - 41.7% of the net proceeds are allocated to enhancing the company's R&D capabilities, with a target completion by the end of 2025[61] - 15.0% of the net proceeds are designated for strengthening the company's localized service capabilities in overseas markets, also expected to be completed by the end of 2025[62] - The company has adopted a prudent financial management policy to ensure liquidity for daily operations and capital expenditures[57] - The company continues to utilize the net proceeds from the IPO according to the purposes outlined in the prospectus[63] Corporate Governance and Future Outlook - The announcement is made by the Chairman and CEO, Li Xiang, on August 30, 2023[67] - The board of directors includes executive directors Li Xiang and Yu Lu, and independent non-executive directors Zhao Yan, Gong Peiyue, and Li Guotai[67] - The company is committed to complying with the listing rules and providing all necessary information[67] - The financial performance details for the first half of 2023 will be disclosed in the upcoming interim report[67] - The company aims to enhance transparency and communication with shareholders through timely disclosures[67] - Future outlook and performance guidance will be addressed in the interim report[67] - The company is focused on strategic growth and market expansion initiatives[67] - The company is actively engaged in new product and technology development[67] Dividends - The company did not declare an interim dividend for the six months ended June 30, 2023, compared to $7,800,000 declared for the same period in 2022[29] - No interim dividend was recommended for the six months ended June 30, 2023[54]

Financial Performance - The company recorded revenue of $16.4 million in 2022, a year-on-year increase of 14.5% from $14.3 million in 2021[7]. - Profit decreased from $5.8 million in 2021 to $5.5 million in 2022, with basic earnings per share at $0.0092 compared to $0.0096 in 2021[7]. - Revenue increased from $14.3 million in 2021 to $16.4 million in 2022, representing a growth of 14.5% driven by cross-border digital marketing services and cross-border online store SaaS solutions[20]. - Revenue from standardized digital marketing services rose from $7.8 million in 2021 to $9.1 million in 2022, an increase of 17.0% despite a decline in total billing amounts due to COVID-19 impacts[20]. - Revenue from cross-border online store SaaS solutions surged from $31,000 in 2021 to $1.4 million in 2022, indicating significant growth since its launch in November 2021[20]. - Gross profit increased from $12.2 million in 2021 to $13.9 million in 2022, while the overall gross margin slightly decreased from 84.8% to 84.3%[22]. - Administrative expenses rose from $3.2 million in 2021 to $4.7 million in 2022, primarily due to $2.1 million in listing expenses incurred in 2022[23]. - Net profit decreased from $5.8 million in 2021 to $5.5 million in 2022, with a net profit margin decline from 40.3% to 33.4% attributed to increased administrative expenses[26]. Market Position and Strategy - The company served over 1,900 marketing clients across various industries, including e-commerce and online gaming[7]. - The company holds a 6.2% market share in China's cross-border e-commerce digital marketing services, ranking third by total billing amount in 2021[13]. - The company plans to continue optimizing and upgrading its Adorado and Powershopy platforms through investment and innovation[10]. - The company aims to expand its customer base and establish overseas operations, particularly targeting emerging markets like Southeast Asia[10]. - The company is focused on enhancing its cross-border digital marketing services and SaaS solutions[10]. - The company has partnered with major social media operators globally, including Google, TikTok, and YouTube, to enhance its service offerings[8]. Financial Management and Capital Structure - The company emphasizes a prudent financial management approach to ensure healthy financial indicators[7]. - The company is committed to creating greater value for shareholders through business expansion in 2023[11]. - Financial costs rose from $1.2 million in 2021 to $1.9 million in 2022, mainly due to increased market interest rates resulting from multiple rate hikes by the U.S. Federal Reserve[24]. - The debt-to-equity ratio significantly decreased from 350.7% as of December 31, 2021, to 20.7% as of December 31, 2022, due to reduced bank loan balances and increased cash[35]. - The asset-liability ratio decreased from 528.8% as of December 31, 2021, to 459.7% as of December 31, 2022, despite a reduction in total equity due to dividend declaration[34]. Human Resources and Governance - The company had a total of 83 full-time employees as of December 31, 2022, down from 107 employees as of December 31, 2021[81]. - The company has established a remuneration committee to review the remuneration structure of directors and senior management based on operational performance and market practices[81]. - The company has adopted a board diversity policy to ensure a diverse range of skills, knowledge, and experience among board members[118]. - The gender ratio among employees, including senior management, is approximately 1:1.5 (male: female)[119]. - The board consists of five members, with two female directors contributing to gender diversity[119]. Corporate Governance and Compliance - The board is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[110]. - The company has adopted a code of conduct for securities trading in compliance with listing rules[124]. - The independent non-executive directors have confirmed their independence as per the listing rules[74]. - The company has established an audit committee to review and supervise its financial reporting procedures and internal control systems[142]. - The company has implemented training programs for senior management and employees on anti-corruption, anti-bribery, and anti-money laundering compliance[144]. Environmental, Social, and Governance (ESG) Initiatives - The report covers the fiscal year from January 1, 2022, to December 31, 2022, focusing on the group's performance in sustainable development and environmental, social, and governance (ESG) strategies[155]. - The group aims to integrate sustainable development into its overall strategy, policies, and business plans to enhance value while achieving sustainability goals[162]. - The company emphasizes sustainable development and actively promotes a green supply chain and public environmental projects[168]. - The company integrates environmental, social, and governance (ESG) risks into its risk assessment and management system[167]. - The company aims to enhance transparency in data disclosure to protect shareholder interests[172]. Customer Relations and Service Quality - The company emphasizes personalized and customer-centric services, ensuring real-time follow-up on customer feedback throughout the entire process[184]. - The company received one customer complaint this year, which was resolved satisfactorily through timely communication[188]. - The company actively collects customer feedback to enhance service quality, with no complaints related to products or services reported this year[188].

Financial Performance - The preliminary financial performance for the year ended December 31, 2022, has been announced[1] - The announcement was made in accordance with the Hong Kong Stock Exchange Listing Rules[1] - The company encourages shareholders and potential investors to review the detailed performance in the prospectus dated March 21, 2023[1] Board of Directors - The board of directors includes executive directors Li Xiang and Yu Lu, along with independent non-executive directors Zhao Yan, Gong Peiyue, and Li Guotai[1]