Financial Performance - The group's revenue decreased by 74.6% from approximately HKD 11.8 million in the same period last year to approximately HKD 3.0 million for the six months ended June 30, 2021[6]. - Gross profit fell by 94.2%, from approximately HKD 3.3 million to approximately HKD 0.2 million, with a gross margin decline from 28.1% to 6.5%[6]. - The total comprehensive loss for the period was approximately HKD 9.4 million, a reduction from approximately HKD 29.0 million in the same period last year[6]. - The company reported a pre-tax loss of approximately HKD 9.4 million for the six months ended June 30, 2021, compared to a pre-tax loss of approximately HKD 28.9 million in the same period last year[14]. - The company reported a net loss of HKD 9,395,039 for the six months ended June 30, 2021, compared to a net loss of HKD 28,954,269 for the same period in 2020, indicating an improvement in performance[19]. - The company has incurred a total comprehensive loss of HKD 9,395,039 for the first half of 2021, reflecting ongoing challenges in the market[19]. - The company recorded a net loss attributable to shareholders of approximately HKD 9.4 million, a decrease from a net loss of about HKD 29.0 million in the same period last year[96]. Revenue Breakdown - Customer contract revenue for the six months ended June 30, 2021, was approximately HKD 3.0 million, compared to HKD 11.8 million in the same period last year[14]. - Total revenue for the six months ended June 30, 2021, was HKD 3,005,972, a decrease from HKD 11,835,848 for the same period in 2020, representing a decline of approximately 74.6%[31]. - Revenue from electronic gaming equipment sales was HKD 1,915,771, with the breakdown including HKD 1,391,174 from electronic gaming tables and HKD 524,597 from spare parts[31]. - Consulting and technical services generated revenue of HKD 898,689, with HKD 490,071 from consulting services and HKD 408,618 from technical support[31]. - Maintenance services contributed HKD 191,512 to total revenue, indicating a focus on service offerings alongside equipment sales[31]. - The Macau market accounted for HKD 2,877,488 of total revenue, highlighting its significance as the primary revenue source[31]. - Revenue recognized at a point in time was HKD 2,108,483, while revenue recognized over time was HKD 897,489, indicating a diverse revenue recognition strategy[31]. Operational Costs and Expenses - Operating expenses decreased by 9.1% to approximately HKD 9.5 million, down from approximately HKD 10.5 million in the same period last year[6]. - The company incurred total employee costs of HKD 6,244,570 for the six months ended June 30, 2021, compared to HKD 6,585,537 in the same period of 2020[41]. - The depreciation expense for property and equipment was HKD 727,892 for the six months ended June 30, 2021, down from HKD 935,575 in the same period of 2020[41]. - Operating cash flow for the six months ended June 30, 2021, was a net cash outflow of HKD 7,147,651, compared to a net cash inflow of HKD 3,832,298 in 2020[22]. Assets and Liabilities - As of June 30, 2021, total assets decreased to HKD 51,444,695 from HKD 63,177,641 in 2020, representing a decline of approximately 18.6%[17]. - The company's non-current assets totaled HKD 3,179,075 as of June 30, 2021, down from HKD 3,556,659 in 2020, a decrease of about 10.6%[17]. - The company’s total equity as of June 30, 2021, was HKD 46,691,878, down from HKD 56,086,917 in 2020, representing a decrease of about 16.7%[19]. - The company’s total liabilities decreased to HKD 7,368,522 from HKD 9,635,774, a reduction of approximately 23.5%[17]. - Cash and cash equivalents decreased to HKD 39,695,751 from HKD 52,102,819 year-over-year, reflecting a reduction of approximately 23.7%[22]. Market and Strategic Focus - The company plans to continue focusing on the procurement and distribution of electronic gaming equipment and related services, aiming for market expansion in the gaming sector[24]. - The company is exploring opportunities to provide equipment and services to integrated resorts in Macau, targeting a market of 39 million tourists and 700,000 local consumers[99]. - The company has renamed its inactive subsidiary to focus on operating smart vending machines targeting tourists and customers in Macau and the Greater Bay Area[73]. - The company is establishing a wholly foreign-owned enterprise in China to expand its business into the Greater Bay Area, targeting a consumer base of 70 million[99]. Compliance and Governance - The company has adopted the corporate governance code and has complied with all applicable provisions during the reporting period[127]. - The audit committee consists of three independent non-executive directors and has reviewed the unaudited financial statements for the period[139]. - The company has confirmed compliance with the trading standards for securities transactions by all directors during the reporting period[128]. Dividend and Share Capital - The company did not declare an interim dividend for the period, consistent with the previous year[7]. - As of June 30, 2021, the company's issued share capital remained at 1,000,000,000 shares with a par value of HKD 0.01 per share[65]. - The company has not granted any options under the share option scheme as of June 30, 2021[63]. - No stock options have been granted or exercised during the reporting period, and there are no outstanding stock options as of June 30, 2021[135].
亚洲先锋娱乐(08400) - 2021 - 中期财报