Financial Performance - Revenue for the three months ended June 30, 2021, was HK$24,307,000, a decrease of 44% compared to HK$43,321,000 in the same period of 2020[12] - Gross profit for the six months ended June 30, 2021, was HK$29,786,000, down 22% from HK$38,487,000 in the same period of 2020[12] - Profit for the period attributable to owners of the Company for the three months ended June 30, 2021, was HK$1,890,000, compared to a loss of HK$1,108,000 in the same period of 2020[12] - Earnings per share for the three months ended June 30, 2021, was HK$0.24, compared to a loss per share of HK$0.63 in the same period of 2020[12] - Total comprehensive income for the period for the six months ended June 30, 2021, was HK$2,660,000, compared to a loss of HK$5,497,000 in the same period of 2020[15] - The Company reported a profit before tax of HK$2,382,000 for the three months ended June 30, 2021, compared to a loss before tax of HK$379,000 in the same period of 2020[12] - For the six months ended June 30, 2021, the company reported earnings attributable to owners of HK$1,070,000, compared to a loss of HK$2,820,000 in the same period of 2020[59] - Basic earnings per share for the six months ended June 30, 2021, was HK$0.20, an improvement from a loss of HK$2.10 per share in the same period of 2020[65] - The Group's total profit for the period was HK$2,761,000, reflecting a recovery from previous losses[75] Revenue Breakdown - For the six months ended June 30, 2021, revenue from contracts with customers was HK$49,608,000, a decrease of 72% compared to HK$177,186,000 for the same period in 2020[39] - Revenue from sales of computer and mobile phone software and toolbar advertisement was HK$36,234,000, down 13% from HK$41,964,000 in the previous year[39] - Revenue from the provision of corporate management solutions and I.T. contract services was HK$13,219,000, a decrease of 7% compared to HK$14,220,000 in the same period last year[39] - The Software Business segment generated revenue of HK$36,234,000 for the six months ended June 30, 2021, while the Corporate Management Solutions and I.T. Contract Services Business reported a revenue of HK$13,219,000[76] - Revenue from the Corporate Management Solutions and I.T. Contract Services Business segment was approximately HK$13,219,000, a decrease of approximately 7.0% compared to HK$14,220,000 in the same period last year[186] - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$155,000, a significant decrease from approximately HK$121,002,000 in the same period last year[193] Assets and Liabilities - The total assets of the Company as at June 30, 2021, were HK$XXX million, reflecting the financial position of the Company[17] - As of June 30, 2021, total assets less current liabilities amounted to HK$284,695,000, slightly up from HK$284,456,000 as of December 31, 2020[19] - The net current assets decreased to HK$116,807,000 from HK$120,182,000, indicating a decline of approximately 2.8%[19] - Total equity as of June 30, 2021, was HK$268,822,000, a slight decrease from HK$268,844,000 at the end of 2020[24] - Segment assets as of June 30, 2021, totaled HK$243,942,000, with the Software Business contributing HK$186,346,000[97] - Total assets amounted to HK$326,665,000, with segment assets contributing HK$309,046,000[109] - Total liabilities were reported at HK$57,821,000, with segment liabilities accounting for HK$56,313,000[109] Cash Flow and Investments - The company reported a net cash generated from operating activities of HK$11,763,000 for the six months ended June 30, 2021, a significant decrease of 74% compared to HK$45,236,000 in the same period of 2020[29] - Cash and cash equivalents at June 30, 2021, were HK$109,209,000, down from HK$118,174,000 at the beginning of the year[29] - The company reported a net cash used in investing activities of HK$19,137,000 for the six months ended June 30, 2021, compared to HK$18,055,000 in the prior year[29] - Development costs capitalized during the period amounted to HK$19,239,000, indicating ongoing investment in growth initiatives[97] Operational Challenges and Future Outlook - The management remains optimistic about future growth despite the challenges faced in the current market environment[12] - The business environment remains uncertain due to the COVID-19 pandemic, impacting global macro-economy and customer behavior[181] - The Group aims to strengthen and expand its distribution channels in emerging markets, particularly in the Asia-Pacific region[179] - The Board will continue to monitor the performance of the Software Business segment and the potential impacts of the pandemic[181] - The Group plans to expand its customer base to improve the financial performance of the Corporate Management Solutions and I.T. Contract Services Business segment[188] - The Group will continue to explore potential investment opportunities and closely monitor the Hong Kong financial market due to expected volatility from geopolitical tensions and pandemic impacts[199] Research and Development - The Company has made significant investments in research and development to innovate new products and technologies[12] - The Group continues to invest in research and development to enhance network security and software products, with a focus on product innovation[177] - New software products released include IObit Software Updater 4 in April 2021 and Smart Defrag 7 in May 2021, with a new version of IObit Uninstaller expected in Q3 2021[177] Segment Performance - The segment recorded a loss of approximately HK$1,997,000, representing a decrease in loss of approximately 86.9% compared to a loss of approximately HK$15,233,000 in the corresponding period last year[186] - The segment loss for the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$408,000, compared to a loss of approximately HK$7,839,000 in the corresponding period in 2020[193] - The B2C Online Sales Platform and B2B Product Trading Business segment has been temporarily suspended due to market challenges and the impact of COVID-19[196]
智易控股(08100) - 2021 - 中期财报