Revenue Performance - The group's revenue for the six months ended June 30, 2024, decreased by approximately HKD 4,903,000 to about HKD 34,574,000, compared to HKD 39,477,000 for the same period in 2023[12]. - 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[12]. - 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[12]. - Total revenue for the six months ended June 30, 2024, was HKD 34,574,000, a decrease of 12% from HKD 39,477,000 in the same period of 2023[37]. - Photography service revenue was HKD 23,441,000, down 29% from HKD 33,249,000 year-on-year[37]. - Medical service revenue increased significantly to HKD 11,133,000, up 79% from HKD 6,228,000 in the previous year[37]. - For the six months ended June 30, 2024, the total revenue from external customers was HKD 34,574,000, a decrease of 12.1% compared to HKD 39,477,000 for the same period in 2023[44]. - The group reported a total of HKD 1,935,000 in non-current assets for deposits related to utilities as of June 30, 2024, down from HKD 2,255,000 in December 2023[62]. 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 33.07% in the previous year[12]. - 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[12]. - Operating profit for the six months ended June 30, 2024, was HKD 739,000, down from HKD 3,956,000 in the previous year[15]. - The profit before tax for the six months ended June 30, 2024, was HKD 392,000, compared to HKD 3,677,000 in the previous year[15]. - The company reported a net profit of HKD 252,000 for the period, down from HKD 3,733,000 in the previous year[15]. - Total comprehensive income for the six months ended June 30, 2024, was HKD 434,000, compared to HKD 4,084,000 for the same period in 2023, representing a decrease of approximately 89.4%[17]. - Basic and diluted earnings per share for the period were (0.02) HKD, down from 0.46 HKD in the previous year[17]. - The company reported a basic loss attributable to equity shareholders of approximately HKD 199,000 for the six months ended June 30, 2024, compared to a profit of approximately HKD 3,708,000 for the same period in 2023[56]. Cash Flow and Assets - Cash and bank balances increased from HKD 20,669,000 to HKD 24,919,000, an increase of about 20.9%[19]. - Operating cash flow for the six months ended June 30, 2024, was HKD 6,292,000, slightly down from HKD 6,496,000 in the same period last year[24]. - The company reported a net cash inflow of HKD 4,061,000 for the six months ended June 30, 2024, compared to HKD 3,349,000 in the same period of 2023[26]. - Cash and cash equivalents at the end of the period were HKD 24,919,000, up from HKD 20,333,000 at the end of June 2023, reflecting a net increase of HKD 4,061,000[26]. - The company recorded a decrease in trade receivables from HKD 2,854,000 to HKD 2,160,000, a reduction of approximately 24.3%[19]. - Current assets decreased from HKD 31,265,000 to HKD 30,200,000, a reduction of approximately 3.4%[19]. - Non-current assets decreased from HKD 23,175,000 as of December 31, 2023, to HKD 19,753,000 as of June 30, 2024, a decline of about 14.5%[19]. - The company has stored all unutilized net proceeds in licensed banks in Hong Kong as of the date of the mid-term report[127]. Liabilities and Equity - The company’s total liabilities increased from HKD 16,020,000 to HKD 17,222,000, an increase of about 7.5%[19]. - The total equity of the group was approximately HKD 23,879,000 as of June 30, 2024, down from HKD 26,798,000 as of June 30, 2023[93]. - The debt-to-asset ratio increased to 52.20% as of June 30, 2024, from 49.52% as of June 30, 2023[93]. - The company had no outstanding bank loans as of June 30, 2024, compared to HKD 2,000,000 on June 30, 2023[93]. Operational Developments - The company operates primarily in two segments: photography services in Hong Kong and mainland China, and medical services in Hong Kong[39]. - The group is reallocating resources to develop its medical services business, including purchasing equipment and upgrading IT infrastructure to enhance service quality and reliability[77]. - A new clinic was established in Kowloon and began operations in January 2024, contributing to the increase in medical services revenue[77]. - The group is exploring various potential projects related to its photography services business, aiming to diversify its business model and enhance its core operations[79]. - The group plans to continue evaluating the profitability of its photo booths and adjust their locations accordingly to optimize revenue generation[79]. - The company has actively sought to recruit suitable medical professionals and related equipment to further expand its medical services business[127]. Dividends and Shareholder Information - The company does not recommend the distribution of any interim dividend for the six months ended June 30, 2024[12]. - The company did not declare any interim dividend for the six months ended June 30, 2024, while a special dividend of HKD 4,500,000 was approved for the year ended December 31, 2023[54]. - As of June 30, 2024, Causeway Treasure holds 427,600,560 shares, representing approximately 53.45% of the company's equity[114]. - Both Mr. Chan Wing Chai and Mr. Chan Tin Ki own about 47.25% of Causeway Treasure, while Ms. Au Yeung Ying Ho holds approximately 5.5%[115]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the six months ending June 30, 2024[122]. - The company has established an audit committee in compliance with GEM listing rules to oversee financial reporting and risk management[122]. - There are no known interests or holdings in competing businesses by directors or major shareholders as of June 30, 2024[121]. - The company has not adopted any new accounting standards that would have a significant impact on its financial performance for the current period[34].
名仕快相(08483) - 2024 - 中期财报