Financial Performance - For the six months ended June 30, 2024, the group's revenue was approximately HKD 39.8 million, an increase of about 5.6% compared to HKD 37.7 million for the same period in 2023[2] - The gross profit margin for the six months ended June 30, 2024, was approximately 9.9%, compared to 3.7% for the same period in 2023[2] - The group recorded a period loss of approximately HKD 0.1 million for the six months ended June 30, 2024, significantly reduced from a loss of HKD 5.5 million in the same period of 2023[2] - Basic loss per share for the six months ended June 30, 2024, was approximately HKD 0.05, compared to HKD 1.89 for the same period in 2023[2] - The company reported a pre-tax loss of HKD 56,000 for the current period, a significant reduction from a pre-tax loss of HKD 5,443,000 in the same period last year[11] - The company reported a loss of HKD 139,000 for the six months ended June 30, 2024, compared to a loss of HKD 5.451 million for the same period in 2023[18] Assets and Liabilities - Total assets as of June 30, 2024, were approximately HKD 110.6 million, compared to HKD 107.6 million as of December 31, 2023[3] - Current liabilities as of June 30, 2024, amounted to approximately HKD 36.6 million, an increase from HKD 31.0 million as of December 31, 2023[3] - The net asset value as of June 30, 2024, was approximately HKD 75.0 million, down from HKD 76.6 million as of December 31, 2023[3] - The total trade receivables, net of credit loss provisions, amounted to HKD 27.749 million as of June 30, 2024, compared to HKD 27.385 million as of December 31, 2023[22] - Trade payables increased to HKD 18.470 million as of June 30, 2024, from HKD 18.127 million as of December 31, 2023[23] Cash Flow - For the six months ended June 30, 2024, the net cash generated from operating activities was HKD 1,861,000, a decrease of 57.8% compared to HKD 4,428,000 for the same period in 2023[5] - Total cash used in investing activities was HKD 4,832,000, significantly higher than HKD 1,398,000 in the previous year, indicating increased investment outflows[5] - The net cash generated from financing activities was HKD 2,803,000, a turnaround from a net cash outflow of HKD 16,149,000 in the prior period, reflecting improved financing conditions[5] - The total cash and cash equivalents at the end of the period were HKD 23,027,000, down from HKD 25,081,000 at the end of June 2023[5] Revenue Segments - Revenue from the sale of self-manufactured industrial aluminum electrolytic capacitors rose from approximately HKD 29.7 million to approximately HKD 33.7 million during the same period[27] - The sales of electronic components generated revenue of HKD 6,181,000, a decrease from HKD 8,084,000 in the same period last year, indicating a decline in this segment[11] - The gross profit from the sale of industrial aluminum electrolytic capacitors was HKD 3,627,000, compared to HKD 913,000 in the previous year, showing a substantial improvement in profitability[11] - Revenue from the sale of industrial aluminum electrolytic capacitors increased from approximately HKD 29.7 million to approximately HKD 33.7 million, a rise of about HKD 4.0 million[29] - Gross profit increased from approximately HKD 1.4 million to approximately HKD 3.9 million due to cost-saving measures implemented by management[27] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Mr. Wen[60] - The board believes that Mr. Wen's dual role as Chairman and CEO is in the best interest of the company due to his founding and management experience[60] - An audit committee has been established, consisting of three independent non-executive directors, to oversee internal audit functions and financial reporting processes[64] - The audit committee is chaired by Mr. Huang, who possesses appropriate professional accounting qualifications[64] - The audit committee has reviewed the company's unaudited interim results for the six months ending June 30, 2024[64] Shareholding Structure - As of June 30, 2024, Mr. Wen holds 7,870,000 shares in the company, representing 2.73% of the total equity[51] - Vertical Investment, wholly owned by Mr. Wen, holds 180,000,000 shares, accounting for 62.50% of the company's equity[52] - Ms. Sun Koon Kwan, as a spouse of Mr. Wen, has a beneficial interest in 187,870,000 shares, which is 65.23% of the total equity[52] - The major shareholder, Mr. Wen, holds a 65.33% equity interest in the company as of the announcement date[63] Other Information - The board of directors did not recommend the payment of any dividend for the six months ended June 30, 2024, consistent with the previous year[2] - The company has not granted any stock options under its stock option plan since its adoption on October 24, 2017[56] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2024[61] - There are no known interests held by directors or major shareholders in competing businesses as of June 30, 2024[58] - No significant events occurred from June 30, 2024, to the date of the announcement[51]
数盟资本(08375) - 2024 - 中期业绩