Financial Performance - The Group reported an unaudited revenue of $XX million for the six months ended June 30, 2024, representing a YY% increase compared to the same period in 2023[11]. - Revenue for the six months ended June 30, 2024, increased to HK$88,811,000, up 11% from HK$79,051,000 in the same period of 2023[12]. - The Group's revenue for the six months ended 30 June 2024 was HK$88,811,000, an increase of 12.2% compared to HK$79,051,000 for the same period in 2023[23]. - Profit attributable to equity holders of the Company decreased to HK$12,062,000, down 8.6% from HK$13,200,000 in the prior year[12]. - Basic and diluted earnings per share were HK$1.51, a decrease from HK$1.65 in the previous year[12]. - Profit before income tax for the six months ended June 30, 2024, was HK$12,062,000, a decrease from HK$13,200,000 in 2023, representing a decline of approximately 8.6%[46]. - The total interim dividend declared for 2024 is HK$45 million, compared to HK$65 million for the same period in 2023, reflecting a reduction of approximately 30.8%[49]. - The Group recorded a net profit of approximately HK$12.1 million for the six months ended 30 June 2024, compared to HK$13.2 million for the same period in 2023, reflecting a decrease of about 8.3%[79]. User and Market Growth - User data showed an increase in active users by ZZ% year-over-year, reaching a total of AA million users as of June 30, 2024[11]. - The Company has provided a positive outlook for the next quarter, projecting a revenue growth of BB% based on current market trends and user acquisition strategies[11]. - The Company is exploring market expansion opportunities in the Asia-Pacific region, targeting a market share increase of DD% by the end of 2025[11]. - The Group has received an increasing number of project quotation invitations from potential and current customers, leading to cautious optimism about future business prospects[79]. Operational Efficiency and Cost Management - Ongoing research and development efforts have led to the introduction of new technologies, which are anticipated to enhance operational efficiency by EE%[11]. - Cost management strategies implemented have resulted in a reduction of operational expenses by FF%, improving overall profitability margins[11]. - Direct costs increased to approximately HK$59.0 million, up by approximately HK$8.8 million or 17.5% from HK$50.2 million for the six months ended 30 June 2023[85]. - Gross profit rose to approximately HK$29.8 million, an increase of approximately HK$1.0 million or 3.3% from HK$28.9 million for the six months ended 30 June 2023[85]. Assets and Liabilities - Total assets as of June 30, 2024, were HK$176,090,000, up from HK$172,218,000 as of December 31, 2023[14]. - Net assets increased to HK$165,159,000 from HK$153,097,000 at the end of the previous period[14]. - Current liabilities decreased to HK$18,221,000 from HK$25,814,000 at the end of 2023[14]. - Trade receivables as of June 30, 2024, amounted to HK$60,130,000, with an expected credit loss allowance of HK$2,221,000, resulting in a net trade receivable of HK$57,909,000[53]. - Trade payables decreased to HK$1.025 million as of 30 June 2024 from HK$2.922 million as of 31 December 2023, indicating a reduction of approximately 65%[62]. Shareholder and Governance - The Company aims to enhance shareholder value through a proposed dividend increase of GG% in the upcoming fiscal year[11]. - The Group is committed to providing competitive compensation and a harmonious work environment to attract and retain qualified personnel[93]. - The Group regularly reviews its human resources policies to ensure compliance with laws and regulations[93]. - The company emphasizes the importance of corporate governance practices to maintain shareholder trust and long-term value creation[109]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and compliance[114]. Sustainability and Future Outlook - Management has emphasized the importance of sustainability initiatives, aiming for a reduction in carbon footprint by HH% over the next three years[11]. - New product launches are expected to contribute an additional $CC million in revenue, with a focus on innovative technology solutions[11]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[80]. Employment and Human Resources - The Group had a total of 446 employees as of 30 June 2024, a decrease from 455 employees as of 31 December 2023[90]. - The Group did not have any significant investments or material acquisitions during the six months ended 30 June 2024[92]. - The Group has no potentially dilutive ordinary shares in issue during the six months ended June 30, 2024, and 2023, resulting in diluted earnings per share being the same as basic earnings per share[48].
宝燵控股(08601) - 2024 - 中期财报