智傲控股(08282) - 2024 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 20,046,000, a decrease of 74.1% compared to HKD 77,359,000 for the same period in 2023[10] - Gross profit for the same period was HKD 7,547,000, down 51.6% from HKD 15,594,000 in 2023[10] - Operating profit for the six months was HKD 142,000, a significant improvement from an operating loss of HKD 9,836,000 in 2023[10] - The company reported a net profit of HKD 142,000 for the period, compared to a net loss of HKD 9,861,000 in the previous year[10] - The company’s total comprehensive income for the period was HKD 988,000, compared to a total comprehensive loss of HKD 10,255,000 in 2023[10] - The total comprehensive loss for the period was HKD (10,255) thousand, compared to a loss of HKD (200) thousand in the previous period[15] - The company's net profit for the six months ended June 30, 2024, was approximately HKD 0.1 million, compared to a net loss of HKD 9.9 million for the same period in 2023[49] Assets and Equity - Total assets as of June 30, 2024, were HKD 25,201,000, an increase from HKD 11,504,000 as of December 31, 2023[12] - The company's equity attributable to owners increased to HKD 25,402,000 from HKD 11,940,000 at the end of 2023[12] - The company reported a total equity of HKD 25,402 thousand as of June 30, 2024, down from HKD 34,324 thousand as of June 30, 2023[15] - The company’s accumulated losses reached HKD (122,100) thousand as of June 30, 2024, compared to HKD (99,820) thousand at the same time in 2023[15] Cash Flow - For the six months ended June 30, 2024, the company reported a net cash outflow from operating activities of HKD (6,744) thousand, compared to HKD (5,523) thousand for the same period in 2023[17] - The net cash outflow from investing activities was HKD (6,214) thousand for the six months ended June 30, 2024, compared to HKD (3,336) thousand in 2023[17] - The financing activities generated a cash inflow of HKD 12,273 thousand for the six months ended June 30, 2024, compared to a cash outflow of HKD (664) thousand in 2023[17] - As of June 30, 2024, the company's cash and cash equivalents decreased to HKD 4,002 thousand from HKD 17,894 thousand at the end of the previous year[17] Revenue Breakdown - Software services revenue was HKD 11,097,000, down 79.7% from HKD 54,467,000 in 2023, while gaming business revenue was HKD 8,949,000, down 60.9% from HKD 22,892,000[24] - The group had one customer contributing over 10% of total revenue in 2024, compared to two customers in 2023[27] Expenses - Administrative expenses decreased by approximately 68.6% to HKD 6.1 million for the six months ended June 30, 2024, from HKD 19.4 million in the same period of 2023[48] - Sales expenses decreased by approximately 80.8% to HKD 1.4 million for the six months ended June 30, 2024, from HKD 7.3 million in the same period of 2023[47] - The cost of services provided decreased by approximately 79.8% to HKD 12.5 million for the six months ended June 30, 2024, from HKD 61.8 million in the same period of 2023[45] Shareholder Information - Liu Mr. holds 14,288,677 shares, representing approximately 39.69% of the company's equity, while Huang Mr. holds 6,071,625 shares, representing approximately 16.87%[65] - Topliu Limited, wholly owned by Liu Mr., is a beneficial owner of 14,288,677 shares, accounting for approximately 39.89% of the company's equity[66] Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[74] - The company has adopted a code of conduct for securities trading, which has been adhered to by all directors during the reporting period[73] - The audit committee was established on December 23, 2015, and complies with GEM listing rules, ensuring at least one member has appropriate professional qualifications in accounting or finance[78] Rights Issue - The company completed a rights issue on January 24, 2024, raising net proceeds of approximately HKD 12.2 million[51] - The company announced a rights issue on November 21, 2023, to raise approximately HKD 13.2 million, with a subscription price of HKD 1.10 per share, representing a premium of about 6.8% over the theoretical closing price of HKD 1.03 on the announcement date[52] - As of June 30, 2024, the net proceeds from the rights issue were utilized as follows: HKD 5.5 million for developing and operating cybersecurity business, HKD 2.0 million for legal and professional fees, and HKD 0.4 million for expanding workforce[53] Other Information - The company has no specific plans for significant investments or acquisitions of capital assets as of June 30, 2024[56] - The company faces foreign currency risk primarily from overseas revenue and payments in USD and JPY, with no current foreign currency hedging policy in place[57] - There have been no significant events after June 30, 2024, up to the date of this report[79] - The interim results announcement and report will be published on the Hong Kong Stock Exchange and the company's website, with printed copies available upon request[80]