Financial Performance - Revenue for the six months ended June 30, 2024, increased to HK$62,942,000, up 44.8% from HK$43,500,000 in the same period of 2023[6] - Gross profit for the same period was HK$32,278,000, compared to HK$30,325,000 in 2023, reflecting a growth of 6.4%[6] - Profit for the period was HK$1,392,000, a significant recovery from a loss of HK$2,037,000 in the previous year[7] - Basic earnings per share for the period was HK$0.04, compared to a loss per share of HK$0.66 in 2023[6] - Total comprehensive income for the period was HK$1,410,000, compared to a loss of HK$2,036,000 in the same period last year[7] - 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 loss on trade and other receivables of HK$478,000, an improvement from a loss of HK$814,000 in the previous year[6] - For the six months ended June 30, 2024, the company reported other income of HK$345,000, a decrease of 65.4% from HK$997,000 in 2023[21] - Profit before tax for the six months ended June 30, 2024, was HK$7,022,000, an increase of 16.9% from HK$6,005,000 in 2023[23] - The company incurred a current tax expense of HK$778,000 for the period, up from HK$617,000 in 2023, reflecting a 26% increase[24] Assets and Liabilities - The financial position as of June 30, 2024, remains under review, with further details expected in subsequent reports[8] - As of June 30, 2024, total assets less current liabilities amounted to HK$238,803,000, an increase from HK$237,643,000 as of December 31, 2023, reflecting a growth of approximately 0.49%[9] - The net current assets as of June 30, 2024, were HK$83,356,000, slightly down from HK$83,650,000 at the end of 2023, indicating a decrease of about 0.35%[9] - The company'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, representing a growth of approximately 0.64%[10] - The total liabilities decreased slightly from HK$18,369,000 as of December 31, 2023, to HK$18,119,000 as of June 30, 2024, reflecting a reduction of approximately 1.36%[9] - The Group's total liabilities as of June 30, 2024, amounted to HK$275,855,000, with segment liabilities for the Software Business at HK$45,957,000[44] - 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] Cash Flow and Equity - 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 generated in the same period of 2023[14] - The cash and cash equivalents at June 30, 2024, were HK$58,909,000, down from HK$86,284,000 at the same time in 2023, showing a decrease of approximately 31.7%[14] - The total equity attributable to owners of the company as of June 30, 2024, was HK$181,074,000, up from HK$180,865,000 at the end of 2023, reflecting a growth of about 0.12%[10] - The company reported a net decrease in cash and cash equivalents of HK$24,464,000 for the six months ended June 30, 2024, compared to an increase of HK$15,624,000 in the same period of 2023[14] - The reserves increased to HK$176,630,000 as of June 30, 2024, from HK$176,421,000 at the end of 2023, indicating a growth of approximately 0.12%[10] Revenue Segmentation - Revenue from the sale of computer and mobile phone software and toolbar advertisement was HK$36,091,000, slightly down from HK$36,163,000 in 2023[20] - Provision of corporate management solutions and I.T. contract services revenue increased to HK$11,145,000 from HK$7,205,000, marking a growth of 54.1%[20] - E-commerce revenue, including business-to-customer online sales and business-to-business product trading, surged to HK$15,706,000 from HK$132,000, indicating a significant increase[20] - 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] - Revenue from the corporate management solutions and I.T. contract services segment was approximately HK$11,145,000, a 54.7% increase year-on-year, but segment profit decreased to approximately HK$91,000 due to fierce competition[84] - Revenue from the B2C online sales platform and B2B product trading business was approximately HK$15,706,000, with a segment profit of approximately HK$126,000, recovering from a loss of approximately HK$26,000 in the previous year[84] Operational Efficiency - The Group's performance indicates a recovery trend compared to the previous year's loss, highlighting improvements in operational efficiency and revenue generation[35] - The effective cost control measures implemented by the Group contributed significantly to the increase in segment profit for the Software Business[79] - The segment profit for the Software Business increased to approximately HK$5,652,000, representing a 19.1% increase compared to the corresponding period in 2023, primarily due to effective cost control[79] Market and Strategic Focus - The Group continues to focus on product innovation, with new software versions expected to launch in late 2024, featuring updates and hard drive optimization[81] - The Group is expanding its distribution channels in emerging markets, particularly in the Asia-Pacific region, while also enhancing its digital marketing efforts[82] - The company aims to strengthen its market position in the software industry through product innovation and effective cost control measures[83] - The company will continue to explore business opportunities in emerging markets in the Asia-Pacific region[83] Corporate Governance and Compliance - The Group's registered office is located in Bermuda, with a principal place of business in Hong Kong[19] - The Group's financial statements should be read in conjunction with the annual audited consolidated financial statements for the year ended December 31, 2023[19] - The Group adopted all new and revised HKFRSs relevant to its operations effective from January 1, 2024, with no significant changes to accounting policies[17] - The Group is assessing the potential impact of new and revised HKFRSs that will be effective in future periods[18] - The company changed its name from "GET Holdings Limited" to "Famous Tech International Holdings Limited," effective June 27, 2024, to better reflect its focus on technology and enhance competitiveness[95] Shareholder Information - The total number of shares issued as of June 30, 2024, was 444,448,237[106] - Wong Jing Shong holds a beneficial interest of 333,336,177 shares, representing 75.0% of the total issued share capital[104] - The Group did 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] 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 aims to strengthen its presence in European countries and the United States to enhance long-term profitability[97] - The Group will continue to develop and improve diverse PC performance optimization and anti-virus software, increasing the variety of products in the Software Business[97]
智易控股(08100) - 2024 - 中期财报