名科国际(08100) - 2024 - 中期业绩

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$62,942,000, representing a 44.8% increase from HK$43,500,000 in the same period of 2023[6] - Gross profit for the period was HK$32,278,000, compared to HK$30,325,000 in 2023, indicating a growth of 6.4%[6] - Profit before tax for the six months was HK$2,170,000, a significant recovery from a loss of HK$1,420,000 in the previous year[6] - Profit for the period attributable to owners of the Company was HK$191, compared to a loss of HK$2,951,000 in 2023[6] - Basic earnings per share for the period was HK$0.04, recovering from a loss per share of HK$0.66 in the same period last year[6] - Other income and gains for the period amounted to HK$2,575,000, compared to a loss of HK$1,509,000 in 2023[6] - The company reported a profit of HK$1,392,000 for the six months ended June 30, 2024, compared to a loss of HK$2,037,000 in the same period of 2023, marking a significant turnaround[7] - Total comprehensive income for the period was HK$1,410,000, a recovery from a total comprehensive loss of HK$2,036,000 in the prior year[7] Cash Flow and Assets - For the six months ended June 30, 2024, the net cash used in operating activities was HK$ (3,683,000), a significant decrease from HK$ 36,965,000 in the same period of 2023[14] - The total cash and cash equivalents at June 30, 2024, were HK$ 58,909,000, down from HK$ 86,284,000 at the end of June 2023[14] - The Group's net assets increased to HK$220,684,000 as of June 30, 2024, compared to HK$219,274,000 at the end of 2023[10] - Current assets totaled HK$120,408,000, slightly up from HK$118,953,000 at the end of 2023[9] - Total assets amounted to approximately HK$275,855,000 as of June 30, 2024, compared to approximately HK$272,946,000 as of December 31, 2023[92] Liabilities and Equity - Current liabilities increased to HK$37,052,000 from HK$35,303,000 at the end of 2023, indicating a rise in short-term obligations[9] - The company's equity attributable to owners was HK$181,074,000 as of June 30, 2024, compared to HK$180,865,000 at the end of 2023[10] - Total liabilities were approximately HK$55,171,000 as of June 30, 2024, compared to approximately HK$53,672,000 as of December 31, 2023[92] Segment Performance - The Software Business generated revenue of HK$36,091,000, while the Corporate Management Solutions and I.T. Contract Services Business contributed HK$11,145,000[33] - Segment profit for the Software Business was HK$5,652,000, and for the Securities Investment Business, it was HK$2,450,000[33] - The Corporate Management Solutions and I.T. Contract Services Business reported a segment profit of HK$91,000, while the B2C Online Sales Platform and B2B Product Trading Business had a profit of HK$126,000[33] Share Capital and Dividends - The company does not recommend the payment of any dividend for the period, consistent with the previous year[51] - The Group's share capital remained unchanged at HK$4,444,000 with 444,448,000 ordinary shares issued and fully paid as of June 30, 2024[67] Corporate Governance and Compliance - The audit committee has reviewed the group's unaudited condensed consolidated financial statements for the period[129] - The company has complied with the code provisions set out in Part 2 of Appendix C1 to the GEM Listing Rules during the period[129] - The Board proposed amendments to the Bye-laws to modernize corporate governance practices and comply with regulatory requirements[124] Future Outlook and Strategy - The Group aims to enhance profitability by consolidating and expanding software product sales channels, particularly in European countries and the United States[97] - The Group continues to strengthen its sales and distribution channels, particularly in emerging markets in the Asia-Pacific region[82] - The management will continue to monitor the Hong Kong financial market closely due to expected volatility from geopolitical tensions and changing government policies[85] Employee and Operational Changes - As of June 30, 2024, the Group had 20 employees, a decrease from 22 employees as of December 31, 2023[97] - The Group's financial performance reflects ongoing challenges in operating cash flow and liquidity management[14] Legal Matters - Perfect Growth Limited, a wholly-owned subsidiary, is involved in ongoing litigation regarding the October 2015 Placing, with claims including the nullification of share allotments and damages for alleged conspiracies[96]