Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 123.6 million, a decrease from HKD 182.2 million for the same period in 2022, representing a decline of about 32%[1] - The loss attributable to the company's owners for the period was approximately HKD 9.2 million, compared to a profit of HKD 35.2 million for the same period in 2022, primarily due to a decrease in revenue from the digital asset segment[1] - Basic and diluted loss per share for the period was approximately HKD 0.17, compared to earnings of HKD 0.66 per share for the same period in 2022[1] - The gross profit for the period was HKD 34,159,000, down from HKD 86,680,000 in the prior year, indicating a significant reduction in profitability[70] - The group recorded a net loss attributable to shareholders of approximately HKD 9.2 million, compared to a profit of HKD 35.2 million in the same period last year[126] - The group’s total revenue was approximately HKD 123.6 million, a decrease of about 32.2% from HKD 182.2 million in the same period last year[122] - The company reported a profit before tax of HKD 41,898 thousand, leading to a net profit of HKD 34,838 thousand after tax expenses of HKD 7,060 thousand[24] - The company reported a total comprehensive loss of HKD 9,673,000 for the period, compared to a total comprehensive income of HKD 34,259,000 in the prior year[70] Cash Flow and Investments - Net cash generated from operating activities was HKD 10,012 thousand, a significant improvement from a cash outflow of HKD 123,878 thousand in the previous year[6] - The net cash used in investing activities was HKD 9,722 thousand, compared to HKD 3,066 thousand in the previous year, indicating increased investment activity[6] - The net decrease in cash and cash equivalents for the period was HKD 6,474 thousand, compared to a decrease of HKD 53,300 thousand in the previous year[6] - As of September 30, 2023, the group's bank and cash balance was approximately HKD 85.0 million, down from HKD 90.6 million as of March 31, 2023[150] Assets and Liabilities - The company reported a total asset value of HKD 1,075,068 thousand as of September 30, 2023, down from HKD 1,105,194 thousand as of March 31, 2023[10] - The total liabilities amounted to HKD 876,146 thousand, a slight decrease from HKD 896,599 thousand in the previous period[10] - The company’s total liabilities as of September 30, 2023, were HKD 876,146 thousand, with significant liabilities from related party loans amounting to HKD 73,917 thousand[28] - The group’s total assets and total liabilities as of September 30, 2023, were approximately HKD 1,075.1 million and HKD 876.1 million, respectively, resulting in a debt ratio of approximately 81.5%[190] Revenue Segments - Revenue from the digital asset trading and fair value changes was HKD 30,753 thousand, down from HKD 71,367 thousand in the previous year, reflecting a decline of approximately 57%[13] - The company’s revenue from external customers in Hong Kong was HKD 121,700 thousand for the six months ended September 30, 2023, compared to HKD 166,294 thousand in the same period last year[38] - Revenue from the construction engineering segment increased by approximately 6.0% to about HKD 89.9 million compared to HKD 84.8 million in the same period last year[106] - Revenue from trust and custody services was approximately HKD 1.0 million, a decrease of about 41.2% from HKD 1.7 million in the same period last year[112] Operational Highlights - The company is focusing on expanding its digital asset services, including on-chain anti-money laundering solutions and API development[27] - The group has five ongoing projects with a total contract value of approximately HKD 293.8 million as of September 30, 2023[101] - The group secured three new contracts during the period with a total value of approximately HKD 453.4 million[108] - The group actively participated in the Greenwich Economic Forum and announced the upgrade of its OKLink product line, which includes new features like Onchain AML and Chaintelligence[159] Employee and Cost Management - The total employee cost for the period reached approximately HKD 37.4 million, compared to HKD 56.2 million for the same period in 2022[161] - The group employed 104 staff members as of September 30, 2023, down from 107 as of March 31, 2023[161] Governance and Compliance - The company has established an audit committee in accordance with the listing rules, ensuring proper governance and oversight[174] - The audit committee reviewed the group's interim financial results, confirming compliance with applicable accounting standards and regulations[169] - The group has adopted a code of conduct for securities trading by directors, ensuring compliance with the standards set forth in the listing rules[167] Market Outlook - The overall inflation rate is projected to decrease from 9.2% in 2022 to 5.9% in 2023, and further to 4.8% in 2024, while core inflation is expected to decline to 4.5% in 2024[131] - The global economic growth is forecasted to slow from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024, significantly below historical averages[131] Future Plans - The group aims to continue driving blockchain technology applications in finance and other sectors while maintaining sustainable returns for shareholders[161] - The group will continue to assess business opportunities in the technology services segment and adjust its development strategy accordingly[183]
欧科云链(01499) - 2024 - 中期业绩