Financial Performance - Revenue for the six months ended June 30, 2021, increased to HK$101,074,000, representing a 10.1% growth compared to HK$91,611,000 in 2020[4] - Gross profit for the same period rose to HK$14,213,000, up from HK$12,717,000, indicating a gross margin improvement[4] - Loss for the period attributable to the owners of the Company was HK$946,000, a significant reduction from a loss of HK$12,771,000 in the previous year[4] - The company reported a loss per share of HK$0.10 for the period, compared to a loss per share of HK$1.68 in the previous year[4] - The Group's unaudited consolidated loss for the period was approximately HK$0.9 million, a significant decrease from approximately HK$12.8 million in the same period of 2020, primarily due to an unrealized gain on financial assets of approximately HK$9.0 million[80] - The company reported a loss before tax of HK$13,004,000 for the six months ended June 30, 2021, compared to a loss of HK$305,000 in the same period of 2020[30] Revenue Segmentation - Total revenue for the six months ended June 30, 2021, was HK$101,074,000, with the cross-border e-commerce segment contributing HK$55,789,000, which is a significant portion of the total revenue[23] - The telephones and related equipment segment generated revenue of HK$4,620,000, while the used computer-related components segment contributed HK$29,654,000[23] - Interest income from the money lending business amounted to HK$10,222,000, showcasing a stable income stream from this segment[23] - Approximately 55.2% of the Group's total revenue was contributed by B2B cross-border e-commerce and payment business[79] - Revenue from the processing and trading of used computer-related components accounted for approximately 29.3% of total revenue[79] Assets and Liabilities - Trade and other receivables increased to HK$60,027,000, compared to HK$40,919,000 at the end of 2020, reflecting a 46.8% rise[5] - Loan receivables grew to HK$175,166,000, up from HK$168,595,000, showing a 3.4% increase[5] - Financial assets at fair value through profit or loss (FVTPL) increased to HK$73,427,000 from HK$61,050,000, marking a 20.3% growth[5] - Current liabilities rose to HK$77,255,000, compared to HK$44,121,000 at the end of 2020, indicating a 75.2% increase[5] - Total segment assets increased to HK$337,119,000 as of June 30, 2021, from HK$299,153,000 at the end of 2020, marking a growth of 13%[30] - Total segment liabilities rose to HK$80,214,000 as of June 30, 2021, compared to HK$44,121,000 at the end of 2020, indicating a 82% increase[34] Cash Flow - Net cash used in operating activities for the six months ended June 30, 2021, was HK$7,337,000, compared to HK$4,953,000 in the same period of 2020, indicating an increase of approximately 48%[10] - Net cash used in investing activities was HK$2,314,000 for the first half of 2021, while there were no cash outflows recorded in the same period of 2020[10] - Net cash used in financing activities decreased to HK$565,000 in 2021 from HK$1,290,000 in 2020, reflecting a reduction of approximately 56%[10] - The total cash and cash equivalents at the end of the period were HK$11,399,000, down from HK$23,930,000 in 2020, representing a decrease of about 52%[10] Corporate Governance - The Company emphasizes high standards of corporate governance practices[125] - The Company has adopted the Model Code regarding directors' securities transactions and all Directors have complied with the required standards throughout the six months ended June 30, 2021[133] - The Company has complied with the principles set out in the Corporate Governance Code, with noted deviations addressed by the Board[134] - The Company has maintained a balanced understanding of shareholder views through its governance practices, despite some directors' absence at meetings[136] Future Plans and Opportunities - The Group plans to develop a virtual asset trading platform to capitalize on the growing market for digital assets, aiming to enhance its financial services income stream[82] - The Group will continue to seek potential investment and business opportunities to broaden its income sources and further develop existing business segments[83] - The Group remains optimistic about the cross-border e-commerce business and plans to capture more market opportunities as they arise[90]
新确科技(01063) - 2021 - 中期财报