Revenue Performance - The group's revenue for the six months ended June 30, 2024, was approximately HKD 34,574,000, a decrease of about HKD 4,903,000 from HKD 39,477,000 for the same period in 2023, representing a decline of approximately 12.42%[3] - Revenue from the photography services segment decreased by approximately 29.50% to about HKD 23,441,000, down from HKD 33,249,000 in the previous year[3] - Revenue from the medical services segment increased by approximately 78.76% to about HKD 11,133,000, compared to HKD 6,228,000 for the same period in 2023[3] - Photography services revenue was HKD 23,441,000, down from HKD 33,249,000, while medical service revenue increased to HKD 11,133,000 from HKD 6,228,000[14] Profitability and Loss - The group's gross profit for the six months ended June 30, 2024, was approximately HKD 10,839,000, with a gross profit margin of about 31.35%, compared to HKD 13,056,000 and a margin of 33.07% in 2023[3] - The loss attributable to equity shareholders for the six months ended June 30, 2024, was approximately HKD 199,000, compared to a profit of HKD 3,708,000 for the same period in 2023[3] - The company reported a basic and diluted loss per share of HKD (0.02) for the six months ended June 30, 2024, compared to earnings of HKD 0.46 in 2023[5] - The company reported a net loss of HKD 199,000 for the period, compared to a loss of HKD 3,708,000 in the previous period[8] Comprehensive Income - Total comprehensive income for the six months ended June 30, 2024, was approximately HKD 434,000, significantly lower than HKD 4,084,000 for the same period in 2023[5] - The total comprehensive income for the period was HKD 434,000, compared to HKD 4,084,000 in the previous period, reflecting a significant decrease[8] Expenses and Costs - The administrative expenses for the six months ended June 30, 2024, were approximately HKD 10,188,000, compared to HKD 9,331,000 in 2023[4] - Total corporate and administrative expenses amounted to HKD 6,970,000, leading to a pre-tax profit of HKD 392,000 for the reporting period[16] - Total employee costs increased to 9,135,000 HKD for the six months ended June 30, 2024, up from 7,818,000 HKD in the same period of 2023, representing a rise of 16.8%[20] Assets and Liabilities - As of June 30, 2024, total non-current assets amounted to HKD 19,753,000, a decrease of 15.5% from HKD 23,175,000 as of December 31, 2023[6] - Current assets totaled HKD 30,200,000, slightly down from HKD 31,265,000, reflecting a decrease of 3.4%[6] - Total liabilities decreased to HKD 17,222,000 from HKD 16,020,000, indicating a rise of 7.5%[6] - The net asset value as of June 30, 2024, was HKD 12,978,000, down from HKD 15,245,000, a decline of 14.9%[6] - The company's total equity attributable to shareholders decreased to HKD 24,169,000 from HKD 28,686,000, a drop of 15.8%[7] Cash Flow - The net cash flow from operating activities for the first half of 2024 was HKD 6,292,000, down from HKD 6,496,000 in the previous year, reflecting a decrease of approximately 3.1%[9] - Cash and cash equivalents increased to HKD 24,919,000 at the end of June 2024, up from HKD 20,333,000 at the end of June 2023, representing a growth of approximately 22.5%[10] - The company reported a net cash used in financing activities of HKD 6,064,000 for the first half of 2024, compared to HKD 2,927,000 in the same period last year, indicating increased financing costs[10] Shareholder Information - The company did not recommend the payment of any interim dividend for the six months ended June 30, 2024[3] - The company declared a special dividend of HKD 4,500,000, impacting the equity attributable to shareholders[8] - As of June 30, 2024, directors and senior management hold approximately 53.45% of the company's shares through Causeway Treasure, which owns 427,600,560 shares[65] - Major shareholders include Causeway Treasure with 53.45% ownership (427,600,560 shares) and ME Group International Plc. with 13.75% ownership (109,972,500 shares) as of June 30, 2024[68] Strategic Developments - The group continues to focus on expanding its medical services in Hong Kong and enhancing its photography services in both Hong Kong and mainland China[16] - The group is reallocating resources to develop the medical services business, including purchasing equipment and upgrading IT systems to enhance service quality and reliability[40] - The company plans to establish or acquire new clinics and medical-related businesses to further expand its medical services operations[40] - The introduction of the non-Chinese citizen permit is expected to increase demand for identification photos, contributing additional revenue to the photography services business[38] Governance and Compliance - The company has maintained a high level of corporate governance, adhering to all applicable rules of the GEM listing[60] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended June 30, 2024, and found them to comply with applicable accounting standards and regulations[74]
名仕快相(08483) - 2024 - 中期业绩