Financial Performance - The unaudited condensed consolidated results for the six months ended September 30, 2022, show a significant performance overview for the Group [13]. - The Group reported a revenue increase of 25% compared to the same period in 2021, reflecting strong market demand [13]. - Revenue for the three months ended September 30, 2022, was HK$9,044,000, a decrease of 27.5% compared to HK$12,422,000 in the same period of 2021 [14]. - Revenue for the six months ended September 30, 2022, was HK$21,354,000, down 17.5% from HK$25,854,000 in the prior year [40]. - The Group's total revenue from sales of biometrics identification devices and security products for the six months ended September 30, 2022, was HK$14,001,000, down 20.0% from HK$17,752,000 in 2021 [40]. - The Group reported a net loss of approximately HK$7.9 million for the six months ended September 30, 2022, compared to a net loss of approximately HK$5.3 million for the same period in 2021 [149]. User and Market Growth - User data indicates a growth in active users by 15% year-over-year, highlighting the effectiveness of recent marketing strategies [13]. - The Company is planning market expansion into Southeast Asia, targeting a 10% market share within the next two years [13]. - The Group aims to expand its market share in Hong Kong and Macau and become a leading biometrics identification solutions provider in the PRC [183]. Future Outlook and Strategy - The Company has outlined a future outlook with a projected revenue growth of 30% for the next fiscal year, driven by new product launches [13]. - A strategic acquisition is in progress, expected to enhance the Company's capabilities and broaden its customer base [13]. - The Group plans to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau [137]. - The Group intends to utilize unutilized net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices as part of its expansion plan in Southern China [138]. Research and Development - Investment in research and development has increased by 20%, focusing on innovative technologies to enhance service offerings [13]. - Approximately HK$5.0 million was allocated to improve the information technology system, with the full amount spent as of September 30, 2022 [189]. - The Group spent approximately HK$15.2 million to set up a new software development center in the PRC to enhance and develop its software [190]. Financial Position and Cash Flow - Net cash used in operating activities for the six months ended September 30, 2022, was HK$6,993,000, slightly improved from HK$8,007,000 in the same period of 2021 [22]. - Cash and cash equivalents at the end of the period were HK$29,114,000, down from HK$48,891,000 at the end of the same period in 2021, indicating a decrease of 40.5% [22]. - As of September 30, 2022, the Group had no bank borrowings, maintaining a healthy financial position to support business expansion [151]. Expenses and Losses - Gross profit for the six months ended September 30, 2022, was HK$7,398,000, down 30.5% from HK$10,686,000 in the previous year [14]. - Loss for the period was HK$6,003,000 for the three months ended September 30, 2022, compared to a loss of HK$3,285,000 in the same period of 2021, representing an increase of 82.5% [14]. - Administrative expenses rose to approximately HK$12.7 million for the six months ended September 30, 2022, compared to approximately HK$12.5 million for the same period in 2021 [146]. Corporate Governance - The Group is committed to high standards of corporate governance, ensuring public accountability and safeguarding shareholder interests [192]. - The roles of chairman and CEO are held by the same individual, which the Board believes is in the best interest of effective management and business development [194].
懒猪科技(08379) - 2023 - 中期财报