Financial Performance - Total revenue for the six months ended December 31, 2020, was HKD 33,095,000, compared to HKD 41,114,000 for the same period in 2019, representing a decrease of approximately 19.5%[4] - The gross profit for the six months ended December 31, 2020, was HKD 4,211,000, down from HKD 7,077,000 in the previous year, indicating a decline of about 40.5%[4] - The net profit for the six months ended December 31, 2020, was HKD 145,000, compared to a loss of HKD 4,731,000 in the same period of 2019, showing a significant improvement[5] - The company reported a basic loss per share of HKD 0.03 for the six months ended December 31, 2020, compared to a loss of HKD 0.63 for the same period in 2019, indicating a significant reduction in losses[4] - The company reported a net loss attributable to shareholders of approximately HKD 2,975,000 for the six months ended December 31, 2020, compared to a loss of HKD 4,571,000 for the same period in 2019[34] - The company reported a loss attributable to shareholders of approximately HKD 2,975,000 for the six months ended December 31, 2020, a decrease of about 34.92% compared to HKD 4,571,000 for the same period in 2019[58] Assets and Liabilities - The company's total assets as of December 31, 2020, were HKD 83,061,000, down from HKD 140,513,000 as of June 30, 2020, reflecting a decrease of approximately 40.9%[7] - The total assets for the company as of December 31, 2020, were HKD 86,111,000, compared to HKD 107,505,000 in 2019[19] - The total liabilities as of December 31, 2020, were HKD 34,056,000, compared to HKD 28,091,000 in 2019[19] - The company's non-current liabilities, specifically lease liabilities, decreased to HKD 6,793,000 from HKD 8,051,000, indicating a reduction of about 15.6%[8] - The total liabilities as of December 31, 2020, were HKD 37,313,000, a decrease of 63.5% from HKD 102,419,000 as of June 30, 2020[23] Equity and Share Capital - The total equity attributable to the owners of the company increased to HKD 71,042,000 from HKD 64,141,000, representing an increase of approximately 10.5%[8] - As of December 31, 2020, the company had issued and paid-up capital of 789,745,615 ordinary shares at HKD 0.10 each[66] - The total issued share capital as of December 31, 2020, was 789,745,615 shares[76] Cash Flow - The net cash generated from operating activities for the six months ended December 31, 2020, was HKD 41,986,000, compared to a net cash used of HKD 22,887,000 in 2019[12] - The company's cash and cash equivalents as of December 31, 2020, were HKD 18,893,000, slightly down from HKD 19,624,000 as of June 30, 2020[7] - The company's cash and cash equivalents at the end of the period were HKD 18,893,000, down from HKD 25,294,000 in the previous year[12] - The financing activities resulted in a net cash outflow of HKD 46,292,000 for the six months ended December 31, 2020[12] Revenue Segmentation - The swimwear and apparel segment generated revenue of approximately HKD 8,602,000, a significant decrease from HKD 24,305,000 in the same period of 2019[58] - The e-commerce and online shopping segment reported revenue of approximately HKD 21,561,000, an increase from HKD 16,340,000 in the previous year[59] - The lending segment generated revenue of approximately HKD 2,932,000, with a gross profit margin of 100%[60] Operational Changes - The company plans to continue expanding its e-commerce and online shopping services as part of its growth strategy[15] - The company has closed its production base in Cambodia and shifted all customer orders to its production base in China due to the pandemic[70] - The company plans to continue developing its lending business and allocate sufficient resources to meet business demands[70] Employee and Governance - The group had 94 full-time employees as of December 31, 2020, down from 722 on June 30, 2020[67] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the six months ending December 31, 2020[82] - There were no known conflicts of interest among directors, major shareholders, and management regarding the company's business as of December 31, 2020[81] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15, except for clause A.4.1 regarding the specific term appointment of non-executive directors[84] Rights Issue and Share Options - The company completed a rights issue, raising approximately HKD 9,800,000 before expenses[48] - The net proceeds from the rights issue are allocated for e-commerce and online shopping services, with HKD 4.9 million planned for the lending business[68] - The new share option plan was approved to reward eligible participants for their contributions to the company's success[71] - As of December 31, 2020, the company had no unexercised share options under the plan[72]
荟萃国际(控股)(08041) - 2021 - 中期财报