Financial Performance - Basic earnings per share for the first half of 2023 was HKD 0.115, a decrease of 55% compared to HKD 0.256 in the same period of 2022[2] - Revenue from continuing operations for the first half of 2023 was HKD 1,310,613, down 25% from HKD 1,742,494 in the first half of 2022[6] - The adjusted net profit for the first half of 2023 was HKD 349,414, a decrease of 12% from HKD 395,343 in the same period of 2022[6] - The company reported a total profit of HKD 357,007 for the first half of 2023, down 57% from HKD 824,564 in the same period of 2022[6] - The net profit attributable to the owners of the company was HKD 316,301, a decrease of 55% compared to HKD 710,401 in the first half of 2022[6] - The gross profit for the same period was HKD 476,332, down 21% from HKD 602,867 in 2022[28] - Operating profit decreased to HKD 69,735 from HKD 201,163, reflecting a decline of 65.3% year-over-year[28] - The total profit for the period was HKD 357,007, down from HKD 824,564 in the previous year, indicating a decline of 56.7%[31] - The company reported a net loss from foreign exchange differences of HKD 139,016 for the period[31] - The company recorded a total comprehensive income of HKD 26,515 for the first half of 2023, down from HKD 198,520 in the same period of 2022[173] Assets and Liabilities - Total equity as of June 30, 2023, was HKD 7,580,130, reflecting a 1% increase from HKD 7,554,282 at the end of 2022[2] - The total assets as of June 30, 2023, amounted to HKD 10,389,172, a decline of 9% from HKD 11,455,311 at the end of 2022[2] - The total liabilities as of June 30, 2023, were HKD 2,809,042, down from HKD 3,901,029 at the end of 2022[12] - The company’s total assets as of June 30, 2023, were approximately HKD 239,345,000, down from HKD 331,143,000 as of December 31, 2022, indicating a decrease of about 27.7%[150] - The company’s total liabilities decreased from HKD 2,807,871,000 as of December 31, 2022, to HKD 2,067,634,000 as of June 30, 2023[109] Cash Flow and Investments - The company achieved a net cash inflow from operating activities of HKD 736,522,000 for the period[174] - The company reported a net cash inflow of HKD 34,766,000 from operating activities during the terminated operations period[166] - The company’s investment in joint ventures as of June 30, 2023, was HKD 3,512,246 thousand, an increase from HKD 3,399,895 thousand at the end of 2022, representing a growth of about 3.3%[200] Taxation - The company recorded a tax credit of HKD 66,018,000 for continuing operations, compared to a tax expense of HKD 94,605,000 in the prior year, reflecting a significant turnaround[52][74] - The company reported a tax credit of HKD 66,018 for the first half of 2023, compared to a tax expense of HKD 81,402 in the same period of 2022[199] Employee and Operational Costs - Employee benefits expenses rose to HKD 424,363,000, compared to HKD 365,546,000 in the previous year, which is an increase of 16%[6] - Research and development costs, including employee costs, amounted to HKD 133,553,000 for the six months ended June 30, 2023, up from HKD 112,816,000 in the previous year, indicating an 18% increase[6] Future Outlook and Strategy - The company continues to focus on its fintech services, which include microloans, supply chain financing, and credit assessment services[23] - The company plans to continue focusing on digital payment solutions and financial technology services to drive future growth[42] - The company plans to issue asset-backed securities with a maximum issuance scale of RMB 1,000,000,000 (approximately HKD 1,230,000,000) by December 31, 2023[150] Shareholder Information - The company did not declare or pay any dividends for the six months ended June 30, 2023, consistent with the previous year[79] - The company had three classes of potential dilutive shares for the six months ended June 30, 2023, down from four classes in the same period of 2022[85] Miscellaneous - The company has not made any significant changes to its accounting policies or made retrospective adjustments due to the adoption of revised standards[19] - There were no significant impacts expected from new accounting standards that have been issued but not yet adopted[20]
高阳科技(00818) - 2023 - 中期业绩