Financial Performance - For the six months ended June 30, 2024, the unaudited revenue was approximately HKD 21,628,000, a decrease of 42.3% compared to approximately HKD 37,469,000 for the same period in 2023[2] - The group recorded an unaudited loss attributable to owners of the company of approximately HKD 3,049,000, compared to an unaudited profit of approximately HKD 1,259,000 in 2023[2] - Gross profit for the six months ended June 30, 2024, was HKD 6,566,824, down from HKD 11,644,338 in the same period of 2023[3] - Total comprehensive loss for the period attributable to owners of the company was HKD 3,124,239, compared to a total comprehensive income of HKD 1,799,878 in 2023[5] - The company reported a basic and diluted loss per share of HKD 0.580 for the six months ended June 30, 2024, compared to earnings per share of HKD 0.240 in 2023[5] - The company reported a loss before tax of HKD 3,050,402 for the six months ended June 30, 2024, compared to a profit before tax of HKD 1,257,580 for the same period in 2023[14] - Financial expenses for the six months ended June 30, 2024, were HKD 121,492, an increase from HKD 98,338 in the same period of 2023[20] - The company reported a gross inventory cost of HKD 15,061,348 for the six months ended June 30, 2024, down from HKD 25,824,628 in the same period of 2023[18] - Other income was HKD 82,650, including bank interest income of HKD 3,105 and miscellaneous income of HKD 79,545, compared to HKD 811,412 in the same period of 2023[37] Dividends and Shareholder Information - The board of directors did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[2] - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[25] - Major shareholders include Golden Dice Co., Ltd. with 15.00% and Best Heaven Limited with 6.01% of the company's shares as of June 30, 2024[55] - The company has a total of 37,179,250 share options outstanding as of June 30, 2024, with an exercise price of HKD 0.20[56] - As of June 30, 2024, the company's directors and key executives hold a total of 4,500,000 share options, representing approximately 0.88% to 1.68% of the issued share capital[53] Assets and Liabilities - The company's net assets as of June 30, 2024, were HKD 37,314,481, down from HKD 40,439,820 as of December 31, 2023[8] - Current liabilities increased to HKD 26,403,817 from HKD 24,698,994, indicating a rise in financial obligations[7] - Total assets as of June 30, 2024, amounted to HKD 66,089,327, while total liabilities were HKD 28,774,846[15] - The company's total equity as of June 30, 2024, was HKD 38,487,371, an increase from HKD 36,688,518 at the beginning of the period[9] - The company's total liabilities included other borrowings amounting to HKD 243,902 as of June 30, 2024[15] - Current assets were approximately HKD 19,300,000, down from HKD 26,500,000 as of December 31, 2023, while current liabilities increased to approximately HKD 26,400,000 from HKD 24,700,000[42] - The current ratio decreased to 0.7 as of June 30, 2024, compared to 1.1 as of December 31, 2023[42] - The group's debt-to-equity ratio was 8.1% as of June 30, 2024, down from 11.3% as of December 31, 2023[48] Cash Flow - The company reported a net cash inflow from operating activities of HKD 631,624 for the six months ended June 30, 2024, compared to a net outflow of HKD 146,506 in the same period last year[10] - The net cash outflow from investing activities was HKD 5,122,468 for the six months ended June 30, 2024, significantly higher than HKD 548,459 in the previous year[10] - The net cash inflow from financing activities was HKD 4,013,397, contrasting with a net outflow of HKD 2,783,285 in the prior year[10] - The company experienced a decrease in cash and cash equivalents of HKD 477,447, compared to a decrease of HKD 3,478,250 in the same period last year[10] - The company’s cash and cash equivalents at the end of the period were HKD 6,554,583, up from HKD 2,765,798 at the end of the previous year[10] - As of June 30, 2024, the group had cash and bank balances of approximately HKD 6,600,000, down from HKD 7,200,000 as of December 31, 2023[42] Operational Highlights - The company did not disclose any new product developments or market expansion strategies during the reporting period[3] - The group had no taxable profits in China for the six months ended June 30, 2024, resulting in no provision for corporate income tax[23] - The group reported inventory of HKD 2,550,336 for finished goods as of June 30, 2024, compared to HKD 1,036,738 as of December 31, 2023[33] - The group is exposed to foreign currency risk primarily from investments in television programs and overseas sales and purchases, mainly denominated in RMB and USD[52] - The group recorded a net other loss of approximately HKD 590,000 during the reporting period, compared to HKD 1,120,000 for the same period in 2023[38] - Administrative expenses increased slightly by about HKD 390,000 or 3.7% to approximately HKD 10,890,000 from HKD 10,500,000 in the same period of 2023[40] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2024, confirming compliance with applicable accounting standards and sufficient disclosure[57] - The company believes it has adhered to all provisions of the corporate governance code during the six months ended June 30, 2024, except for the separation of the roles of Chairman and CEO, which are held by the same individual due to the company's small scale[58] - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the six months ended June 30, 2024[61]
品创控股(08066) - 2024 - 中期业绩