Financial Performance - The group recorded revenue of approximately HKD 192.79 million for the reporting period, a decrease of about 10.5% compared to HKD 215.51 million in the same period last year[6]. - The net loss for the reporting period was HKD 14.31 million, compared to a profit of HKD 48.91 million in the same period last year[6]. - For the six months ended December 31, 2022, the company's revenue was HKD 192,786,000, a decrease of 10.6% compared to HKD 215,510,000 in the same period of 2021[33]. - The company reported a total comprehensive loss attributable to equity holders of HKD (18,499) thousand for the six months ended December 31, 2022, compared to a profit of HKD 49,423 thousand in the same period of 2021[34]. - Basic and diluted loss per share was HKD (2.67) for the six months ended December 31, 2022, down from HKD 9.10 in the previous year[34]. - The pre-tax loss for the six months ended December 31, 2022, was HKD 14,321,000, compared to a profit of HKD 48,909,000 in the same period of 2021[51]. - The company reported a net cash outflow from operating activities of HKD (20,796) thousand for the six months ended December 31, 2022, compared to a cash inflow of HKD 23,707 thousand in the same period of 2021[38]. Revenue Breakdown - Revenue from party product trading was approximately HKD 93.64 million, a decrease of 4.38% from HKD 97.93 million in the same period last year[7]. - Revenue from commodity trading increased by 39.73% to approximately HKD 99.15 million, up from HKD 70.96 million in the same period last year[9]. - Revenue from party product trading was HKD 93,639,000, down from HKD 97,927,000, while commodity trading revenue increased to HKD 99,147,000 from HKD 70,959,000[45]. - Revenue from mainland China was HKD 180,247,000, up from HKD 168,886,000 year-over-year, indicating a growth of about 6.5%[68]. - The company reported a significant increase in revenue from customer contracts in Malaysia, generating HKD 12,518,000, compared to no revenue in the previous year[68]. - Major customer A contributed HKD 81,100,000 in revenue, a substantial increase from HKD 47,813,000 in the prior year, reflecting a growth of approximately 69.5%[71]. Expenses and Costs - The operating expenses for the reporting period decreased by 14.1% to HKD 22.14 million, reflecting the company's cost control measures[6]. - The cost of sales and services for the same period was HKD (187,969,000), resulting in a gross profit of HKD 4,817,000, down from HKD 48,167,000 in the previous year[33]. - The financing costs for the period were HKD (291,000), a decrease from HKD (772,000) in the previous year[33]. - The income tax expense for the period was HKD 167,000, compared to HKD 29,000 in the same period of 2021[49]. Assets and Liabilities - The group had a net current asset of HKD 151.03 million as of December 31, 2022, down from HKD 174.09 million as of June 30, 2022[11]. - The total assets less current liabilities amounted to HKD 172.97 million as of December 31, 2022, compared to HKD 187.58 million as of June 30, 2022[11]. - The cash and bank balance was approximately HKD 76.59 million as of December 31, 2022, down from HKD 99.19 million as of June 30, 2022[11]. - The company's total equity attributable to equity holders decreased to HKD 169,837 thousand as of December 31, 2022, from HKD 188,336 thousand as of June 30, 2022[35]. - The company's total liabilities amounted to HKD 206,165 thousand as of December 31, 2022, compared to HKD 239,639 thousand as of June 30, 2022[36]. Share Capital and Ownership - As of December 31, 2022, the company had a total issued share capital of 537,245,104 shares[21]. - The company’s major shareholder, Dr. Wu, holds 72.79% of the issued share capital[20]. - Neo Tech Inc. holds 72.74% of the company's issued share capital, fully owned by the chairman and executive director, Dr. Wu[22]. - Total issued and paid-up shares were 1,000,000,000 with a par value of HKD 0.01 per share as of December 31, 2022[56]. Corporate Governance and Compliance - The company has adhered to the corporate governance code during the reporting period, with no significant deviations noted[26]. - The audit committee reviewed the interim report, ensuring compliance with financial reporting standards[29]. - The board approved the unaudited interim consolidated financial statements for the six months ended December 31, 2022, on February 28, 2023[85]. Future Outlook and Plans - The company is confident that revenue and gross profit from its business will improve post-COVID-19 due to ongoing support from shareholders and management[18]. - The company plans to utilize the remaining funds from the rights issue by June 30, 2024[15]. - The company continues to explore opportunities for developing asset management business in Hong Kong and other countries[18]. - The company has not engaged in any significant mergers, acquisitions, or disposals during the reporting period[15]. - The company has not made any significant investments during the reporting period[15]. Employee and Management Information - The company had a total of 44 employees as of December 31, 2022, an increase from 42 employees on June 30, 2022[17]. - The total compensation for key management personnel for the six months ended December 31, 2022, was HKD 1,548,000, a decrease from HKD 1,841,000 in the same period of 2021[80]. Miscellaneous - The company did not recommend any interim dividend for the six months ended December 31, 2022, and 2021[50]. - The company did not issue any share options during the reporting period, and there were no unexercised options as of December 31, 2022[25]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[26]. - The company has no capital commitments that have not been recognized in the financial statements as of December 31, 2022[81]. - No significant events affecting the company and its subsidiaries occurred after December 31, 2022, up to the report date[84].
INTL GENIUS(00033) - 2023 - 中期财报