Financial Performance - Total revenue for 1H2021 was HK$2,216,068, an increase of 9.6% compared to HK$2,022,166 in 1H2020[12] - Gross profit for the period was HK$616,658, representing a gross margin of approximately 27.8%, up from HK$409,627 in 1H2020[14] - Operating profit increased significantly to HK$445,614, compared to HK$142,735 in the previous year, marking a growth of 212.5%[15] - Profit for the period reached HK$3,373,474, a substantial increase from HK$215,015 in 1H2020, reflecting a year-on-year growth of 1,570.5%[19] - Earnings per share for profit attributable to the owners of the Company was HK$1.19, compared to HK$0.06 in the same period last year[22] - The consolidated turnover for Hi Sun Technology (China) Limited in 1H2021 was HK$2,216.1 million, representing a 10% increase compared to HK$2,008.7 million in 1H2020[32] - Profit for the period in 1H2021 totaled HK$3,373.5 million, a significant increase from HK$215.0 million in 1H2020[32] - The EBITDA for 1H2021 was HK$398.9 million, reflecting a 15% increase from HK$346.7 million in 1H2020[32] - The company reported a total comprehensive income for the period of HK$1,785.5 million, compared to HK$153.7 million in 1H2020[29] Revenue by Segment - Payment processing solutions generated revenue of HK$1,676,083, up from HK$1,593,937, indicating a growth of 5.2%[9] - Fintech solutions and services revenue increased to HK$101,500 from HK$77,254, representing a growth of 31.3%[9] - Information security chips and solutions revenue rose to HK$205,092, compared to HK$170,757, marking a growth of 20.0%[9] - Segmental turnover from external customers in the fintech solutions and services segment was HK$98.8 million, up 47% from HK$67.2 million in the first half of 2020[54] - The segmental turnover for fintech solutions and services was HK$100.8 million, a 32% increase from HK$76.7 million in the first half of 2020[40] - The turnover for information security chips and solutions was HK$205.1 million, up from HK$170.8 million in the first half of 2020, marking a 20% increase[43] - The electronic power meters and solutions segment reported a turnover of HK$57.2 million, reflecting a 61% increase from HK$35.5 million in the first half of 2020[58] Operating Profit and Loss - Segmental operating profit was HK$485,131, a significant increase from HK$176,092 in 1H2020[9] - The operating profit for 1H2021 was HK$280.1 million, a 24% increase from HK$225.7 million in 1H2020[32] - The operating profit for the payment processing solutions segment was HK$280.1 million, representing a 24% increase from HK$225.0 million in the first half of 2020[39] - The operating profit for fintech solutions and services improved to HK$20.4 million from an operating loss of HK$12.7 million in the first half of 2020[40] - The operating profit for information security chips and solutions increased to HK$38.2 million, compared to HK$16.7 million in the first half of 2020, reflecting a 129% growth[45] - The operating loss for the electronic power meters segment decreased to HK$7.4 million from HK$8.1 million in the first half of 2020[67] Assets and Liabilities - Total assets as of 30 June 2021 amounted to HK$11,295.3 million, up from HK$9,717.1 million as of 31 December 2020[33] - Net current assets as of 30 June 2021 were HK$4,076.4 million, compared to HK$3,778.5 million as of 31 December 2020[33] - The Group's net asset value was HK$8,155.0 million as of June 30, 2021, compared to HK$6,367.5 million at the end of 2020, with a net asset value per share of HK$2.937[148] - The Group's cash and bank balances stood at HK$4,492.2 million as of June 30, 2021, down from HK$4,628.0 million as of December 31, 2020[148] - The total liabilities for trade and bills payables, including other payables and accruals, amounted to HK$2,135,331, down from HK$2,369,414, indicating a decrease of approximately 9.9%[129] - The company’s liquidity position remains strong with significant cash reserves, despite the restrictions on customer reserve accounts mandated by the People's Bank of China[123] Investments and Fair Value Gains - The fair value gain on convertible preference shares of Cloopen Group was approximately HK$197.8 million, contributing to the increase in net profit[32] - The deemed disposal gain from ordinary shares of Cloopen prior to its IPO was approximately HK$2,857.9 million[32] - The company reported a fair value gain of HK$199.4 million on financial assets, compared to a loss of HK$8.4 million in the first half of 2020[44] - The non-cash aggregate gain related to the Cloopen Listing in 1H2021 was approximately HK$3,055.7 million, with a deemed disposal gain of approximately HK$2,857.9 million recognized in profit or loss[79][83] - The Group's investment in Cloopen was valued at HK$1,841.4 million as of June 30, 2021, representing approximately 16.3% of the Group's total assets[151] Market Outlook and Strategic Initiatives - The company remains optimistic about the market demand for its payment terminals in the post-COVID-19 era[92] - The company has prepared adequately to seize significant opportunities in the post-COVID-19 landscape[92] - The company plans to strengthen compliance and anti-money laundering risk management in the second half of 2021, alongside increasing investment in risk prevention and control[197][199] - The economic outlook for 2021 is expected to remain challenging, but the company is cautiously optimistic about the recovery direction due to successful COVID-19 control measures in China[195][198] - The company aims to complete the renewal of the Operating License for Non-Bank Payment Institutions on time in the second half of 2021[197][199] Employee and Operational Insights - The total number of employees as of June 30, 2021, was 2,532, with competitive remuneration packages including fixed monthly income and annual performance-related bonuses[187][189] - The company ensures comprehensive employee remuneration packages and sponsors selected employees for external training courses[187][189] - The company introduced over 1,000 SaaS service providers to enhance payment and information services for offline small and micro merchants[196][199] - The company launched several innovative technology products in the first half of 2021, including "JIM Community," "JIM Good Days," and "JIM Smart Shelves," aimed at enhancing digital transformation for merchants[197][199]
高阳科技(00818) - 2021 - 中期财报