Financial Performance - The total revenue for the six months ended June 30, 2019, was approximately HKD 70,531,000, an increase of about 2.9% compared to HKD 68,510,000 for the same period in 2018[5] - The profit attributable to the owners of the company for the six months ended June 30, 2019, was approximately HKD 5,717,000, representing an increase of approximately 444.6% from HKD 1,050,000 in the same period of 2018[5] - Earnings per share for the six months ended June 30, 2019, was approximately HKD 0.02, compared to HKD 0.004 for the same period in 2018[5] - The operating profit for the six months ended June 30, 2019, was HKD 7,391,000, compared to HKD 2,462,000 for the same period in 2018[7] - The company reported a total comprehensive income of HKD 5,717,000 for the six months ended June 30, 2019, compared to HKD 1,050,000 for the same period in 2018[7] - The pre-tax profit for the six months ended June 30, 2019, was HKD 7,063 thousand, significantly up from HKD 2,273 thousand in the same period of 2018, reflecting a growth of approximately 210.4%[29] - The gross profit margin improved from approximately 8% for the six months ended June 30, 2018, to about 15.5% for the same period in 2019[57] - Profit attributable to owners increased by approximately 444.6% from about HKD 1,100,000 in the six months ended June 30, 2018, to approximately HKD 5,700,000 in the same period of 2019[67] Assets and Liabilities - Total assets less current liabilities as of June 30, 2019, amounted to HKD 119,542,000, an increase from HKD 113,923,000 as of December 31, 2018[11] - The net asset value attributable to the owners of the company as of June 30, 2019, was HKD 119,267,000, compared to HKD 113,579,000 as of December 31, 2018[11] - The total assets for the reporting segments amounted to HKD 97,346 thousand as of June 30, 2019, compared to HKD 88,290 thousand as of June 30, 2018, indicating an increase of approximately 10.4%[23] - The total liabilities for the reporting segments were HKD 37,179 thousand as of June 30, 2019[23] - Total trade payables as of June 30, 2019, were HKD 34,389,000, a decrease from HKD 50,135,000 as of December 31, 2018, reflecting a reduction of approximately 31.4%[46] Cash Flow - The company had cash and cash equivalents of HKD 35,800,000 as of June 30, 2019, down from HKD 47,848,000 as of December 31, 2018[9] - The net cash used in operating activities for the six months ended June 30, 2019, was HKD (11,266) thousand, a decrease from HKD 19,654 thousand in the same period of 2018[16] - The total cash and cash equivalents decreased by HKD 12,048 thousand for the six months ended June 30, 2019, compared to an increase of HKD 6,029 thousand in the same period of 2018[16] - The net cash used in investing activities for the six months ended June 30, 2019, was HKD (533) thousand, a decrease from HKD (13,101) thousand in the same period of 2018[16] - The net cash used in financing activities for the six months ended June 30, 2019, was HKD (249) thousand, a decrease from HKD (524) thousand in the same period of 2018[16] Employee Expenses - Employee benefit expenses for the six months ended June 30, 2019, were HKD 46,320,000, compared to HKD 39,176,000 for the same period in 2018[7] - Employee benefits expenses for the six months ended June 30, 2019, totaled HKD 48,423 thousand, an increase from HKD 41,152 thousand in the same period of 2018, representing a growth of approximately 17.5%[31] Dividends - The company did not declare any interim dividends for the period[14] - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2019, consistent with the previous year[38] Revenue Breakdown - Revenue from outsourced inbound customer contact services decreased by approximately 37.8% to about HKD 6,100,000 for the six months ended June 30, 2019, compared to HKD 9,800,000 in 2018[58] - Revenue from outsourced outbound customer contact services decreased by approximately 27.3% to about HKD 17,800,000 for the six months ended June 30, 2019, compared to HKD 24,500,000 in 2018[59] - Revenue from personnel dispatch services increased by approximately 8.8% to about HKD 29,100,000 for the six months ended June 30, 2019, compared to HKD 26,800,000 in 2018[62] - Financial services revenue significantly increased to approximately HKD 11,300,000 for the six months ended June 30, 2019, from HKD 1,300,000 in 2018, with a gross profit margin of about 38.4%[65] Corporate Governance - The company has complied with all provisions of the GEM Corporate Governance Code during the six-month period ending June 30, 2019[72] - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2019, and confirmed compliance with Hong Kong Generally Accepted Accounting Principles[84] Shareholder Information - As of June 30, 2019, Mr. Tang Chengbo holds a beneficial interest in 210,000,000 shares, representing 75% of the issued share capital of the company[79] - The weighted average number of ordinary shares in issue remained constant at 280,000,000 for both periods under review[39] Other Financial Information - The company did not redeem any of its listed securities nor did it purchase or sell any of its listed securities during the six-month period ending June 30, 2019[85] - The company did not recognize any deferred tax liabilities in the financial statements due to the absence of significant timing differences[37] - The company recorded a significant decrease in related party transactions for property leasing expenses, amounting to HKD 443,000 for the six months ended June 30, 2019, down from HKD 1,279,000 in the same period of 2018[49] - The group maintained a current ratio of approximately 2.72 and a debt-to-asset ratio of 12.8% as of June 30, 2019, compared to 2.48 and 12.6% respectively at the end of 2018[70] - The group plans to continue growth strategies by strengthening fund management capabilities to explore new opportunities in the financial sector[55] - The group has successfully secured significant contracts for providing ongoing advisory services across various investment instruments, indicating a recovery in financial services performance[55] - As of June 30, 2019, the group has pledged approximately HKD 9,000,000 in bank deposits for bank financing and trade receivables financing[71]
易通讯集团(08031) - 2019 - 中期财报