YUXING INFOTECH(08005)

Search documents
裕兴科技(08005) - 2023 Q3 - 季度财报
2023-11-15 09:03
Financial Performance - For the nine months ended September 30, 2023, the group's revenue was approximately HKD 78.6 million, a decrease of 38.1% compared to the same period last year[3]. - The group recorded a gross profit of approximately HKD 28.6 million for the nine months ended September 30, 2023, compared to HKD 14.9 million for the same period in 2022[3]. - The loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately HKD 24.0 million, significantly reduced from HKD 130.8 million in the same period last year[3]. - The basic loss per share for the nine months ended September 30, 2023, was approximately HKD 0.97, compared to HKD 5.26 for the same period in 2022[3]. - The total comprehensive loss for the period was HKD 19.4 million, compared to HKD 42.8 million for the same period in 2022[6]. - The company reported a net loss of HKD 6,402,000 for the three months ended September 30, 2023, compared to a net loss of HKD 14,058,000 for the same period in 2022[27]. - The company’s total other income for the nine months ended September 30, 2023, was HKD 41,383,000, compared to a loss of HKD 51,842,000 for the same period in 2022[27]. - The group recorded a net gain of approximately HKD 27.0 million from financial assets measured at fair value, compared to a net loss of approximately HKD 71.3 million in the same period last year[85]. - The group recorded a cryptocurrency reversal of approximately HKD 22.6 million during the period, compared to a write-down of approximately HKD 21.4 million in the same period last year[67]. Equity and Dividends - As of September 30, 2023, the total equity attributable to owners of the company was approximately HKD 1,789.6 million, down from HKD 1,827.2 million as of December 31, 2022[3]. - The board of directors does not recommend the payment of any dividend for the nine months ended September 30, 2023, consistent with the previous year[3]. - The company has not declared any dividends for the nine months ended September 30, 2023, consistent with the previous year[30]. Income and Expenses - The income tax expense for the nine months ended September 30, 2023, was HKD 1,498,000, compared to HKD 1,360,000 for the same period in 2022, reflecting an increase of 10.2%[28]. - Distribution and sales expenses decreased by 26.1% to approximately HKD 3.6 million, while general and administrative expenses increased by 65.4% to approximately HKD 108.1 million, primarily due to intangible asset amortization related to cryptocurrency mining equipment[89]. Business Operations - The company continues to explore new strategies for market expansion and product development to improve future performance[3]. - The company is focused on expanding its market presence and enhancing its product offerings in the information appliance sector[59]. - The company is engaged in the sale and distribution of information appliances, including high-definition set-top boxes and OTT/IPTV set-top boxes, leveraging its extensive experience in hardware and software design[39]. - The group faces challenges in revenue predictability due to tight supply of microchips for its information appliance business[94]. - The information appliance business faces threats from intense competition due to rapid technological product iterations[112]. Assets and Liabilities - As of September 30, 2023, the group's net current assets were approximately HKD 1,319.6 million, significantly up from approximately HKD 494.4 million as of December 31, 2022[70]. - The group had no contingent liabilities as of September 30, 2023, consistent with the previous year[72]. - The company’s interest income from bank deposits for the three months ended September 30, 2023, was HKD 184,000, a decrease of 68.0% compared to HKD 575,000 for the same period in 2022[27]. - The debt-to-equity ratio decreased to 21.0% as of September 30, 2023, from 23.5% on December 31, 2022, due to a reduction in trade and other payables and repayment of bank loans[91]. Environmental and Compliance - The company is committed to minimizing adverse environmental impacts and encourages resource recycling and energy conservation among employees[113]. - The group has no significant waste production or air pollutants emissions, emphasizing environmental protection in daily operations[113]. - The company has adopted trading standards as per GEM Listing Rules for directors' securities transactions, ensuring compliance during the reporting period[126]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing financial information and overseeing risk management[125]. - The board of directors has established an audit committee to assist in financial oversight and ensure compliance with internal controls[128]. Shareholder Information - As of September 30, 2023, Unicorn Resources Inc. holds a 29.80% stake in the company, with 741,379,800 shares[101]. - The total number of shares outstanding as of September 30, 2023, was 2,487,704,800[103]. - As of September 30, 2023, Mr. Cong Yu holds a 29.80% stake in the company through Unicorn, which owns 741,379,800 shares[115].
裕兴科技(08005) - 2023 Q3 - 季度业绩
2023-11-09 12:28
YUXING INFOTECH INVESTMENT HOLDINGS LIMITED 裕 興 科 技 投 資 控 股 有 限 公 司 * (於百慕達註冊成立之有限公司) (股份代號:8005) 第三季度業績公佈 截至二零二三年九月三十日止九個月 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板 上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風 險,並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險,同時無法保證在GEM買賣之證券會有高流通量 之市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公佈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。 本公佈的資料乃遵照聯交所《GEM證券上市規則》(「GEM上市規則」)而刊載,旨在 提供有關裕興科技投資控股有限公司(「本公司」)及其附屬公司(統稱「集團」)的資 料。本公司的董事(「董 ...
裕兴科技(08005) - 2023 - 中期财报
2023-08-15 10:00
Financial Performance - For the six months ended June 30, 2023, the group's revenue was approximately HKD 35.8 million, a decrease of 60.2% compared to the same period last year[9]. - The group recorded a gross profit of approximately HKD 11.7 million for the six months ended June 30, 2023, compared to HKD 9.9 million for the same period in 2022[9]. - The loss attributable to owners of the company for the six months ended June 30, 2023, was approximately HKD 4.5 million, significantly improved from a loss of HKD 105.4 million in the same period last year[9]. - Basic loss per share for the six months ended June 30, 2023, was approximately HKD 0.18, compared to HKD 4.24 for the same period in 2022[9]. - The company reported a total comprehensive loss of HKD 39.9 million for the six months ended June 30, 2023, compared to a total comprehensive loss of HKD 45.1 million for the same period in 2022[13]. - The company reported a net loss of HKD 10,680,000 for the first half of 2023, a significant improvement from a net loss of HKD 47,260,000 in the same period of 2022[188]. Equity and Assets - As of June 30, 2023, total equity attributable to owners of the company was approximately HKD 1,808.8 million, slightly down from HKD 1,827.2 million as of December 31, 2022[9]. - The group's total assets less current liabilities amounted to HKD 1,860.8 million as of June 30, 2023, compared to HKD 1,878.9 million as of December 31, 2022[16]. - Current liabilities totaled HKD 324.7 million as of June 30, 2023, down from HKD 376.1 million as of December 31, 2022[16]. - Non-current liabilities were approximately HKD 53.8 million as of June 30, 2023, compared to HKD 53.0 million as of December 31, 2022[16]. - Total equity amounted to HKD 2,090,217 thousand, reflecting a decrease of HKD 105,885 thousand compared to the previous period[19]. - The total amount of assets classified as held for sale reached HKD 850,200 thousand, with no previous amount reported[33]. Cash Flow and Financing - For the six months ended June 30, 2023, the net cash used in operating activities was HKD (42,373,000), a decrease from HKD (112,736,000) in the same period of 2022, indicating improved cash flow management[38]. - The net cash used in investing activities was HKD (43,737,000), compared to a net cash generated of HKD 101,567,000 in the prior year, reflecting a shift in investment strategy[38]. - The net cash used in financing activities was HKD (1,712,000), significantly improved from HKD (11,254,000) in the previous year, suggesting reduced reliance on external financing[38]. - The total cash and cash equivalents decreased to HKD 88,720,000 as of June 30, 2023, down from HKD 319,592,000 at the end of the previous year, indicating a tighter liquidity position[38]. - The group has no significant outstanding debts apart from lease liabilities and certain loans as of June 30, 2023[97]. Investment Properties and Valuation - The company anticipates selling investment properties located in the United States within the next twelve months, indicating a strategic shift in asset management[45]. - The fair value of financial assets measured at fair value through profit or loss was approximately HKD 15,582,000 as of June 30, 2023, down from HKD 16,429,000 at the end of 2022, reflecting market fluctuations[47]. - The fair value of the investment property located in the United States was approximately HKD 796,858,000 as of May 31, 2022, with an average adjustment price of USD 1,279 per square foot[54]. - The group's investment properties measured at fair value in profit or loss amounted to HKD 107,681,000 as of June 30, 2023, compared to HKD 79,957,000 as of December 31, 2022[62]. - The company reported a net change in fair value of investment properties of HKD 27,724,000 during the reporting period[65]. Segment Performance - The group's revenue from various business segments includes HKD 24.122 million from IDC, HKD 11.535 million from other services, and a total income of HKD 35.769 million[78]. - The net loss from the IDC segment was HKD 6.023 million, while the other segments reported varying performances, leading to an overall segment performance of HKD 22.891 million[78]. - Rental income from the leasing business was approximately HKD 4.2 million, reflecting a slight decrease of 14.5% compared to the same period last year, attributed to currency depreciation and lower occupancy rates[91]. - The group recognized a revaluation net loss of approximately HKD 2.0 million from investment properties due to decreased rental rates[92]. Risk Management and Governance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with corporate governance standards[123]. - The company is committed to improving risk management systems across various aspects of its operations, facing risks from geopolitical tensions and macroeconomic conditions due to the COVID-19 pandemic[131]. - The group adopts a prudent treasury policy and continuously assesses the financial status of clients to minimize credit risk[103]. Shareholder Information - The total number of shares outstanding as of June 30, 2023, was 2,487,704,800 shares[118]. - Unicorn Resources Inc. holds a 29.80% stake in the company, with 741,379,800 shares, indicating significant ownership concentration[138]. - The company has a total of 179,211,680 shares issued under the share option plan, representing 10% of the total issued shares as of the adoption date[135].
裕兴科技(08005) - 2023 - 中期业绩
2023-08-10 14:26
YUXING INFOTECH INVESTMENT HOLDINGS LIMITED 裕 興 科 技 投 資 控 股 有 限 公 司 * (於百慕達註冊成立之有限公司) (股份代號:8005) 中期業績公佈 截至二零二三年六月三十日止六個月 香港聯合交易所有限公司(「聯交所」) GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板 上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風 險,並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險,同時無法保證在GEM買賣之證券會有高流通量 之市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公佈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。 本公佈的資料乃遵照聯交所《GEM證券上市規則》(「GEM上市規則」)而刊載,旨在 提供有關裕興科技投資控股有限公司(「本公司」)及其附屬公司(統稱「集團」)的資 料。本公司的董事(「董事 ...
裕兴科技(08005) - 2023 Q1 - 季度财报
2023-05-15 08:34
Financial Performance - For the three months ended March 31, 2023, the company reported revenue of HKD 12,604,000, a decrease from HKD 29,545,000 in the same period of 2022, representing a decline of approximately 57.6%[25] - The gross profit for the same period was HKD 2,363,000, compared to HKD 1,002,000 in 2022, indicating an increase of approximately 135.8%[25] - The operating profit for the period was HKD 17,398,000, a significant improvement from an operating loss of HKD 26,706,000 in the previous year[25] - The net profit for the period was HKD 16,393,000, compared to a net loss of HKD 28,284,000 in the same quarter of 2022, marking a turnaround[25] - Basic earnings per share for the period was HKD 0.67, compared to a loss per share of HKD 1.13 in the same period last year[25] - The profit attributable to owners of the company for the three months ended March 31, 2023, was approximately HKD 16.8 million, compared to a loss of HKD 28.2 million in the same period last year[40] - Basic earnings per share for the three months ended March 31, 2023, were approximately HKD 0.67, compared to a loss of HKD 1.13 per share in the previous year[40] - The company reported a profit attributable to shareholders of approximately HKD 16.8 million for the three months ended March 31, 2023, compared to a loss of HKD 28.2 million for the same period in 2022[89] Revenue Sources - Revenue from the information appliance business was approximately HKD 8.6 million, a decrease of 67.6% compared to the same period last year due to seasonal effects[83] - The IDC business generated revenue of approximately HKD 4.0 million, an increase of 33.3% year-over-year, driven by stable income from the Shatin IDC[84] - Rental income from IDC properties increased to HKD 4.0 million from HKD 3.0 million year-on-year[35] - Rental income from the leasing division was approximately HKD 2.1 million, a decrease of 4.3% from HKD 2.3 million in the previous fiscal year[61] Costs and Expenses - General and administrative expenses increased by 51.1% to approximately HKD 32.7 million, primarily due to amortization of intangible assets related to cryptocurrency mining equipment[87] - Financing costs decreased by 72.7% to approximately HKD 0.2 million, down from HKD 0.6 million in the previous year, reflecting improved operational cash flow[88] - Distribution and selling expenses decreased by 49.3% to approximately HKD 1.1 million, compared to HKD 2.1 million in the previous year, due to reduced logistics and transportation costs[85] Assets and Liabilities - As of March 31, 2023, the total equity attributable to owners of the company was approximately HKD 1,848.5 million, compared to HKD 1,827.2 million as of December 31, 2022[40] - As of March 31, 2023, the group's current assets net value was approximately HKD 521.9 million, with cash and bank balances of about HKD 132.8 million[65] - The current ratio was 2.5, up from 2.3 on December 31, 2022[107] - The debt-to-equity ratio as of March 31, 2023, was 21.3%, a decrease from 23.5% on December 31, 2022[107] - The company held approximately HKD 135.8 million in assets as collateral for loans as of March 31, 2023, compared to HKD 135.3 million on December 31, 2022[108] Market Conditions and Risks - The company noted that revenue may be unpredictable due to tight supply of microchips affecting the information appliance business[5] - The group is actively monitoring potential pressures from rising raw material costs in the information appliance business[69] Compliance and Governance - The company has established an audit committee to oversee financial reporting and internal controls[17] - The group will continue to comply with applicable laws and regulations in China, Hong Kong, and the United States to ensure compliance[72] - The company has adopted trading compliance standards as per GEM Listing Rules for directors' trading of its securities[122] Dividends and Investments - The company does not recommend the payment of dividends for the three months ended March 31, 2023[37] - The company did not engage in any significant investments or acquisitions during the reporting period[92] - The company has no significant investment or capital asset plans as of March 31, 2023[68] - The company has not entered into any contracts regarding the management or administration of its overall business or any significant business during the period[119] Other Income and Gains - Other income and net gains amounted to approximately HKD 49.8 million, compared to a net loss of HKD 3.8 million for the same period in 2022, attributed to a rebound in the stock market during the first quarter[63] - The net gain from foreign exchange was HKD 386,000, compared to a loss of HKD 363,000 in the previous year[35] - The company recorded a net gain of HKD 44.9 million from fair value adjustments, compared to a loss of HKD 10.8 million in the previous year[35] - The net income from financial assets measured at fair value was approximately HKD 44.9 million, a recovery from a loss of HKD 10.8 million in the previous year, attributed to a rebound in the stock market[84] Property Acquisition - The acquisition of investment property in Meishan, Sichuan, was completed on March 20, 2023, with internal renovation work expected to begin shortly thereafter[61]
裕兴科技(08005) - 2023 Q1 - 季度业绩
2023-05-11 13:18
YUXING INFOTECH INVESTMENT HOLDINGS LIMITED 裕 興 科 技 投 資 控 股 有 限 公 司 * (於百慕達註冊成立之有限公司) (股份代號:8005) 第一季度業績公佈 截至二零二三年三月三十一日止三個月 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板 上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風 險,並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險,同時無法保證在GEM買賣之證券會有高流通量 之市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公佈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。 本公佈的資料乃遵照聯交所《GEM證券上市規則》(「GEM上市規則」)而刊載,旨在 提供有關裕興科技投資控股有限公司(「本公司」)及其附屬公司(統稱「集團」)的資 料。本公司的董事(「 ...
裕兴科技(08005) - 2022 - 年度财报
2023-03-31 08:34
Economic Challenges and Performance - The company faced significant challenges in 2022 due to the ongoing impact of the COVID-19 pandemic, resulting in lower-than-expected economic growth in China and globally[7]. - The company reported stable performance in its core business compared to 2021, despite global economic downturns impacting its investment operations[8]. - The company maintains a cautious outlook for global economic recovery post-pandemic, emphasizing sustainable development and future growth as primary goals[11]. Business Operations and Revenue - The information home appliance business experienced operational disruptions due to lockdowns, affecting manufacturing and logistics in the first half of 2022, but sales rebounded strongly in the second half[7][8]. - The company's revenue for the fiscal year 2022 was HKD 223.2 million, an increase of 30.1% compared to HKD 171.7 million in 2021[17]. - The information appliance business generated approximately HKD 208.2 million in revenue for 2022, a 48.4% increase from the previous year[30]. - The IDC business reported revenue of approximately HKD 15.0 million in 2022, a decrease of 52.3% compared to the previous year, highlighting challenges in this segment[32]. Financial Performance and Losses - The operating loss for 2022 was HKD 259.7 million, compared to a loss of HKD 165.4 million in 2021, indicating a deterioration in operational performance[17]. - The loss attributable to shareholders for 2022 was HKD 290.1 million, up from HKD 172.5 million in 2021, reflecting increased financial challenges[17]. - The total assets decreased to HKD 2,255.1 million in 2022 from HKD 2,505.4 million in 2021, showing a decline in the company's asset base[24]. - The net equity attributable to shareholders fell to HKD 1,827.2 million in 2022 from HKD 2,096.3 million in 2021, indicating a significant reduction in shareholder value[24]. Investment and Future Plans - The company plans to integrate big data and digital transformation concepts into its downstream information home appliance business, capturing future opportunities[9]. - The company plans to complete the registration and renovation procedures for the Shanghai IDC project by Q2 2023, which is expected to improve future performance[33]. - The company aims to improve its financial performance through strategic investments and operational efficiencies[94]. Risk Management and Compliance - The company faces risks including supply chain issues for microchips, potential cost pressures in the information appliances business, and regulatory challenges for digital asset investments[79]. - The group has established and implemented key risk management processes, including procedures for handling and disclosing insider information[188]. - The company has a communication policy to promote effective communication with shareholders and stakeholders, encouraging active participation in company activities[193]. Governance and Management - The management team includes experienced professionals with backgrounds in finance, technology, and business development[85][86][87][88][89]. - The company has established a robust governance structure with a dedicated audit committee[91]. - The board consists of nine members, including six executive directors and three independent non-executive directors[154]. - The company has adopted a remuneration policy for directors that aligns with market practices and reflects performance and responsibilities[122]. Employee and Diversity Initiatives - The gender ratio among employees shows 36.6% female and 63.4% male, indicating a commitment to gender diversity across the organization[169]. - The board aims to achieve at least 2.8% (4) female directors, 2.1% (3) female senior management, and 35.2% (50) female employees, which is considered satisfactory[170]. Financial Summary and Audit - The group reported its financial performance for the year ending December 31, 2022, in the annual report's "Chairman's Report" and "Management Discussion and Analysis" sections[98]. - The auditor's fees for the year ended December 31, 2022, amounted to HKD 1,775,000, including HKD 1,650,000 for statutory audit services and HKD 125,000 for non-audit services[181]. - The audit committee held five meetings during the year to review financial performance and compliance procedures[141].
裕兴科技(08005) - 2022 - 年度业绩
2023-03-23 22:07
YUXING INFOTECH INVESTMENT HOLDINGS LIMITED 裕 興 科 技 投 資 控 股 有 限 公 司 * (於百慕達註冊成立之有限公司) (股份代號:8005) 年度業績公佈 截至二零二二年十二月三十一日止年度 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風 險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公佈全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 本公佈的資料乃遵照聯交所《GEM證券上市規則》(「GEM上市規則」)而刊載,旨在 提供有關裕興科技投資控股有限公司(「本公司」)及其附屬公司(統稱「集團」)之資 料。本公司的董事(「董事 ...
裕兴科技(08005) - 2022 Q3 - 季度财报
2022-11-15 14:37
| --- | --- | --- | |--------|-----------------------------------------------|---------------------------------------------------------------------------------| | | | Yuxing InfoTech Investment Holdings Limited 裕 興 科 技 投 資 控 股 有 限 公 司 | | | ( 於百慕建註冊成立之有限公司 ) 股份代號: 8005 | | | | | | | | | | | 供假日 | | | 1 裕興科技投資控股有限公司 二零二二年第三季度業績報告 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板上市之 公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風險,並應經過 審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險,同時無法保證在G ...
裕兴科技(08005) - 2022 - 中期财报
2022-08-12 09:18
Financial Performance - For the six months ended June 30, 2022, the group's revenue was approximately HKD 89.8 million, an increase of 20.2% compared to the same period last year[5]. - The group recorded a gross profit of approximately HKD 9.9 million for the six months ended June 30, 2022, down from HKD 20.7 million in the same period last year[5]. - The loss attributable to owners of the company for the six months ended June 30, 2022, was approximately HKD 105.4 million, compared to HKD 69.7 million for the same period last year[5]. - The basic loss per share for the six months ended June 30, 2022, was HKD 4.24, compared to HKD 2.83 for the same period last year[5]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 69.6 million, compared to HKD 61.3 million for the same period last year[9]. - The company reported a net loss of HKD 57,463,000 for the six months ended June 30, 2022, compared to a net loss of HKD 48,746,000 for the same period in 2021[48][50]. - The company reported a pre-tax loss of HKD 104,643,000 for the period, with income tax expenses of HKD 1,242,000[38]. Equity and Dividends - As of June 30, 2022, the total equity attributable to owners of the company was approximately HKD 2,027.2 million, down from HKD 2,096.3 million as of December 31, 2021[5]. - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2022[5]. - The total equity attributable to owners of the company decreased to HKD 2,027,220 thousand from HKD 2,096,274 thousand, a decline of approximately 3.3%[12]. - The company did not declare an interim dividend for the period[160]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to HKD 2,457,182,000, an increase from HKD 2,505,444,000 as of December 31, 2021[42][43]. - Total liabilities as of June 30, 2022, were HKD 436,532,000, compared to HKD 415,227,000 as of December 31, 2021, indicating an increase in liabilities[42][43]. - Total current assets decreased to HKD 1,095,061 thousand from HKD 1,247,533 thousand, representing a decline of about 12.2%[10]. - Total liabilities increased to HKD 412,127 thousand from HKD 389,329 thousand, indicating a rise of about 5.8%[12]. - Net assets decreased to HKD 2,020,650 thousand from HKD 2,090,217 thousand, reflecting a decline of approximately 3.3%[12]. Cash Flow - For the six months ended June 30, 2022, the net cash used in operating activities was HKD (112,238,000), compared to a net cash generated of HKD 71,635,000 in the same period of 2021[17]. - The net cash generated from investment activities was HKD 101,567,000, slightly down from HKD 106,774,000 in the previous year[17]. - The net cash used in financing activities was HKD (11,254,000), a significant decrease from HKD 127,309,000 in the prior year[17]. - The cash and cash equivalents at the end of the reporting period decreased to HKD 319,592,000 from HKD 485,955,000 in the previous year[17]. Investment and Assets Valuation - The fair value of investment properties was reported at HKD 887,236,000, with HKD 796,848,000 classified under Level 3 fair value measurement[24]. - The fair value of financial assets measured at fair value through profit or loss decreased by HKD 33,081,000 during the period[28]. - The fair value of the company's investments in private equity funds was approximately HKD 14,794,000 as of June 30, 2022, down from HKD 51,110,000 at the end of 2021[82]. - The total fair value of non-listed equity securities was approximately HKD 222,188,000 as of June 30, 2022[89]. Segment Performance - The segment performance for the information appliances division showed a loss of HKD 9,848,000, while the IDC segment reported a loss of HKD 3,903,000[38]. - The revenue from the information electronics business for the six months ended June 30, 2022, was HKD 82,055,000, compared to HKD 54,342,000 for the same period in 2021, marking an increase of approximately 51%[48]. - The IDC business revenue recorded approximately HKD 7.0 million, a significant decline of 65.7% from HKD 20.4 million in the previous fiscal year[129]. - The investment segment recorded a loss of approximately HKD 87.2 million during the period, compared to a loss of about HKD 52.3 million in the same period last year, mainly due to the unresolved Russia-Ukraine crisis and the collapse of Terra (Luna) and TerraUSD (UST)[125]. Operational and Strategic Developments - The company plans to expand its market presence in China, Hong Kong, Australia, and other overseas markets, focusing on enhancing its service offerings[44]. - The group plans to strengthen risk assessment and adopt more conservative cost-saving policies in response to the economic downturn caused by the resurgence of COVID-19[122]. - The group has further invested in mining machines for Bitcoin mining, indicating a strategic move towards digital assets[125]. Shareholder Information - The company’s major shareholder, Unicorn Resources Inc., holds 741,379,800 shares, representing 29.80% of the total issued share capital[175]. - The company’s directors and senior management collectively own 4,604,000 shares, accounting for 0.19% of the total issued share capital[172]. - The total number of shares as of June 30, 2022, is 2,487,704,800 shares[179]. Compliance and Governance - The board has established an audit committee consisting of three independent non-executive directors[184]. - The audit committee has reviewed the financial statements and confirmed compliance with applicable accounting standards[186]. - The company has complied with all applicable laws and regulations in China, Hong Kong, and the United States during the reporting period[158].