Financial Performance - Total revenue for the six months ended June 30, 2020, was approximately HKD 54,506,000, a decrease of about 22.7% compared to HKD 70,531,000 for the same period in 2019[5]. - Profit attributable to owners for the six months ended June 30, 2020, was approximately HKD 1,376,000, a decrease of about 75.9% from HKD 5,717,000 in the same period of 2019[5]. - Earnings per share for the six months ended June 30, 2020, was approximately HKD 0.5 cents, down from HKD 2 cents for the same period in 2019[5]. - Operating profit for the six months ended June 30, 2020, was HKD 1,985,000, compared to HKD 7,391,000 for the same period in 2019[7]. - Total comprehensive income for the six months ended June 30, 2020, was HKD 1,376,000, down from HKD 5,717,000 in the same period of 2019[7]. - The operating profit for the six months ended June 30, 2020, was 6,128 thousand HKD, down from 10,931 thousand HKD in the same period of 2019, indicating a decrease of about 44.1%[28]. - The company’s total liabilities as of June 30, 2020, were 31,866 thousand HKD, compared to 37,179 thousand HKD as of June 30, 2019, reflecting a decrease of about 14.2%[24]. - The company's attributable profit decreased by approximately 75.9%, from HKD 5,700,000 for the six months ended June 30, 2019, to approximately HKD 1,400,000 for the same period in 2020, primarily due to reduced revenue from multimedia customer contact services and financial services[71]. Assets and Liabilities - Non-current assets as of June 30, 2020, totaled HKD 26,358,000, a decrease from HKD 29,134,000 as of December 31, 2019[9]. - Current assets as of June 30, 2020, amounted to HKD 55,523,000, compared to HKD 57,899,000 as of December 31, 2019[9]. - Total liabilities as of June 30, 2020, were HKD 45,183,000, an increase from HKD 38,465,000 as of December 31, 2019[9]. - Net assets attributable to owners as of June 30, 2020, were HKD 122,546,000, compared to HKD 121,170,000 as of December 31, 2019[11]. - The total assets as of June 30, 2020, amounted to 79,704 thousand HKD, a decrease from 97,346 thousand HKD as of June 30, 2019, representing a decline of approximately 18.0%[24]. Cash Flow and Expenses - The net cash used in operating activities for the six months ended June 30, 2020, was (3,567) thousand HKD, compared to (533) thousand HKD in the same period of 2019, reflecting a significant increase in cash outflow[17]. - Employee benefits expenses for the six months ended June 30, 2020, totaled 40,210 thousand HKD, down from 46,320 thousand HKD in the same period of 2019, indicating a decrease of about 13.3%[30]. - The company incurred depreciation and amortization expenses of 5,558 thousand HKD for the six months ended June 30, 2020, compared to 5,575 thousand HKD in the same period of 2019, showing a slight decrease[24]. - The financial expenses for the six months ended June 30, 2020, were 164 thousand HKD, down from 328 thousand HKD in the same period of 2019, indicating a reduction of approximately 50%[28]. Revenue Breakdown - The revenue from outsourced inbound customer contact services was approximately HKD 5.4 million, a decrease of about 12.4% compared to HKD 6.1 million in 2019[61]. - The revenue from outsourced outbound customer contact services was approximately HKD 8.3 million, a decrease of about 53.6% compared to HKD 17.8 million in 2019[63]. - The revenue from personnel dispatch services was approximately HKD 22.5 million, a decrease of about 22.9% compared to HKD 29.1 million in 2019[64]. - Revenue from customer contact service center equipment management services increased by approximately 101.3% to about HKD 7.5 million, up from HKD 3.7 million in 2019[66]. - Financial services revenue for the six months ended June 30, 2020, was approximately HKD 8,500,000, a decrease from HKD 11,300,000 for the same period in 2019, representing a decline of about 24.1%[67]. - The gross profit margin for financial services decreased to approximately 26.7% for the six months ended June 30, 2020, down from 38.4% for the same period in 2019[67]. - Revenue from "other" services, including system maintenance and software sales, remained stable at approximately HKD 2,500,000 for the six months ended June 30, 2020, consistent with the same period in 2019[70]. - Gross profit from "other" services increased to approximately HKD 700,000 for the six months ended June 30, 2020, compared to HKD 500,000 for the same period in 2019, driven by increased system sales including multimedia licenses[70]. Dividends and Shareholder Information - The company did not declare any interim dividends for the period ended June 30, 2020[14]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2020, compared to no dividend in the same period of 2019[37]. - As of June 30, 2020, the company’s major shareholder, Wan Shi Da Enterprises Limited, holds 210,000,000 shares, representing 75% of the issued share capital[83]. - The executive director, Mr. Tang Chengbo, has a beneficial interest in the shares held by Wan Shi Da Enterprises Limited, which he fully owns[83]. - No other directors or major executives held any additional interests or short positions in the company’s shares as of June 30, 2020[85]. Compliance and Governance - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2020, confirming compliance with Hong Kong Generally Accepted Accounting Principles and full disclosure[88]. - The company did not redeem any of its listed securities nor did it purchase or sell any listed securities during the six months ended June 30, 2020[90]. Future Outlook - The company is currently evaluating the impact of new accounting standards on its performance and financial position, which may affect future reporting periods[19]. - The management will continue to focus on core competencies to maintain stable operations in the short term while preparing for opportunities during economic recovery[57]. - The group has implemented various health measures and business continuity arrangements to address workplace safety issues during the COVID-19 pandemic[55]. - The group has initiated new services during the review period, contributing positively to overall performance despite the challenges faced[55].
易通讯集团(08031) - 2020 - 中期财报