Revenue Growth - Overall revenue increased by 54% year-on-year, driven by strong performance from the OSL digital asset platform, with total revenue from the platform growing by 70%[19] - SaaS transaction volume surged by 3,029% to HKD 4.9 billion, while SaaS revenue increased by 32% year-on-year[19] - The number of active customers grew over tenfold year-on-year, with revenue from strategic customers increasing by over 300%[19] - The total revenue for the period was HKD 152.8 million, an increase of approximately 54.2% or HKD 53.7 million compared to HKD 99.1 million in the same period last year[28] - The overall revenue for the first half of 2021 was HKD 150 million, representing a 54.2% increase compared to HKD 99.1 million in the same period of 2020[38] - Revenue from the OSL digital asset and blockchain platform business was HKD 114 million, a 69.5% increase from HKD 67.3 million in the same period last year[29] - OSL's revenue from wholesale brokerage business increased by 65.0% year-on-year to HKD 105.3 million in the first half of 2021, compared to HKD 63.8 million in the same period last year[40] - Digital asset trading revenue reached HKD 104,340,000, a 67% increase from HKD 62,435,000 in the previous year[114] Financial Performance - The operating loss for the period was HKD 141.4 million, an increase of 74.3% or HKD 60.3 million from a net operating loss of HKD 81.1 million in the same period last year[28] - The net loss for the period was HKD 157.9 million, an increase of HKD 58.3 million from HKD 99.6 million in the same period last year[33] - The company reported a cumulative loss of HKD (963,715) thousand, compared to a loss of HKD (806,066) thousand in the previous year, reflecting a worsening of approximately 19%[51] - The company reported a total comprehensive loss of HKD 158,099 thousand for the period, compared to a loss of HKD 102,675 thousand in the previous year, representing an increase in losses of 54%[52] - The company reported a loss attributable to owners of HKD 158,099,000 for the six months ended June 30, 2021, compared to a loss of HKD 102,019,000 for the same period in 2020, representing a 55.2% increase in losses[129] Asset and Liability Management - The total assets of the platform reached HKD 38 billion, reflecting a 36% increase from HKD 28 billion as of December 31, 2020[15] - As of June 30, 2021, the total assets of the group amounted to HKD 5.49 billion, an increase from HKD 4.04 billion as of December 31, 2020, while total liabilities rose to HKD 4.16 billion from HKD 3.87 billion[34] - The total liabilities increased to HKD 4,164,171 thousand from HKD 3,879,391 thousand, indicating a growth of approximately 7%[51] - The company's equity attributable to owners increased to HKD 4,193 thousand, up from HKD 3,366 thousand, showing a growth of approximately 25%[51] - The group’s total borrowings as of June 30, 2021, were HKD 265,573,000, down from HKD 566,317,000 as of December 31, 2020[160] Investment and Strategic Initiatives - The company successfully completed two share placements totaling HKD 1.24 billion, indicating strong interest from institutional investors[19] - The company made a strategic investment in AllInfra, a blockchain company providing climate-related products and services[19] - The company is investing significantly in technology and talent to expand OSL's scale and commercialize partnerships with major banks[21] - The company plans to allocate approximately HKD 225 million for maintaining sufficient liquidity to meet regulatory requirements and expand its prime brokerage business[23] - The company is exploring future market expansions in the UK, Singapore, and the US[24] Regulatory and Compliance - A new regulatory framework for digital assets is expected to come into effect in 2022, which may increase enforcement against unregulated platforms, benefiting OSL as a licensed participant[21] - OSL is positioned as one of the most compliant digital asset platforms globally, ready to serve institutional clients[22] - The company believes that global acceptance of digital assets will drive continuous growth, supported by increasing regulatory clarity[22] Operational Efficiency - The company emphasizes the importance of environmental, social, and governance (ESG) strategies and aims to integrate sustainability into its culture[22] - The group maintains a cautious approach to financial risk management and does not engage in high-risk principal financial investments[35] - The group plans to enhance its capabilities in technology, security, risk, and compliance to meet emerging regulatory standards and operational requirements of partners[45] Shareholder and Equity Information - The company did not recommend an interim dividend for the six months ended June 30, 2021[33] - The company has established policies to ensure sales to reputable and creditworthy customers, which include monitoring procedures for overdue receivables[140] - The total number of issued and fully paid shares increased to 419,282,096 from 336,621,033 at the beginning of the period, representing a growth of approximately 24.5%[162] - The company issued 79,113,360 new shares during the period, raising a total of HKD 657,549,000 in share premium at a subscription price of HKD 15.50 per share[162] Digital Asset Focus - The company is focusing on expanding its digital asset and blockchain services as a key growth strategy moving forward[98] - The company holds digital assets primarily for facilitating over-the-counter trading and providing automated trading services through its proprietary platform[94] - The digital assets and blockchain platform business focuses on facilitating trading and providing technology solutions as SaaS[97]
BC科技集团(00863) - 2021 - 中期财报