Financial Performance - For the six months ended June 30, 2021, the group recorded unaudited revenue of approximately HKD 37,193,000, a decrease of 1.1% compared to the same period in 2020[5] - The unaudited profit attributable to owners of the company for the six months ended June 30, 2021, was approximately HKD 688,000[5] - Gross profit for the six months ended June 30, 2021, was HKD 9,926,677, down from HKD 13,050,106 in the same period of 2020, representing a decrease of approximately 23.1%[6] - The total comprehensive income for the six months ended June 30, 2021, was HKD 1,397,234, compared to HKD 2,164,919 for the same period in 2020, reflecting a decline of approximately 35.4%[7] - The company reported a basic and diluted earnings per share of HKD 0.131 for the six months ended June 30, 2021, down from HKD 0.390 in the same period of 2020[7] - The company achieved total revenue of HKD 37,193,004 for the six months ended June 30, 2021, with a profit before tax of HKD 688,109[20] - The net loss for the six months ended June 30, 2021, was HKD 687,280, compared to a net loss of HKD 137,622 for the same period in 2020[28] Dividends and Equity - The board of directors did not recommend the payment of any interim dividend for the six months ended June 30, 2021[5] - The company's equity attributable to owners was HKD 51,561,493 as of June 30, 2021, compared to HKD 50,164,134 as of December 31, 2020, indicating an increase of approximately 2.8%[10] - The company’s total equity increased to HKD 51,792,213 as of June 30, 2021, from HKD 47,876,011 at the beginning of the period[12] - The company did not declare any interim dividend for the six months ended June 30, 2021, consistent with the previous year[35] Assets and Liabilities - Non-current assets as of June 30, 2021, amounted to HKD 52,360,136, an increase from HKD 49,560,219 as of December 31, 2020[9] - Current assets decreased to HKD 41,033,641 as of June 30, 2021, from HKD 44,401,769 as of December 31, 2020[9] - The total assets as of June 30, 2021, amounted to HKD 93,393,777, compared to HKD 93,961,988 as of December 31, 2020[24] - The total liabilities as of June 30, 2021, were HKD 41,601,564, compared to HKD 43,567,009 as of December 31, 2020, indicating a reduction in liabilities[24] - The net current asset value as of June 30, 2021, was HKD 5,961,354, down from HKD 8,358,255 as of December 31, 2020[10] Cash Flow - The company reported a net cash inflow from operating activities of HKD 744,653 for the six months ended June 30, 2021, compared to a net outflow of HKD 2,794,234 in the same period of 2020[14] - The company’s cash and cash equivalents at the end of the period were HKD 8,299,522, a decrease of HKD 615,480 from the beginning balance of HKD 8,819,535[14] - The financing activities resulted in a net cash outflow of HKD 2,099,194 for the period[14] - Cash and bank balances as of June 30, 2021, were approximately HKD 8,300,000, down from HKD 8,800,000 at the end of 2020[66] Operational Highlights - The sales of smart cards generated revenue of HKD 37,178,444, contributing significantly to the overall revenue[20] - The sales of smart cards for the six months ended June 30, 2021, were HKD 37,178,444, compared to HKD 37,590,722 in 2020, reflecting a decrease of 1.1%[25] - The company reported a loss of HKD 1,547,580 from the sales and trading of scrap metals[20] - Revenue from SIM card production for the reporting period was approximately HKD 37,200,000, a slight decline of about HKD 400,000 or 1.1% compared to approximately HKD 37,600,000 in the same period of 2020[53] Expenses - The company’s financial expenses amounted to HKD 198,996, while net exchange losses were HKD 687,280[20] - Financial expenses for the six months ended June 30, 2021, were HKD 198,996, a decrease from HKD 206,565 in 2020[29] - Administrative expenses rose to approximately HKD 10,900,000, an increase of HKD 1,200,000 or 12.4% compared to the previous year[59] - Employee costs, including director remuneration, were approximately HKD 12,400,000, compared to HKD 11,000,000 for the same period last year[67] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial results for the three and six months ended June 30, 2021[83] - The company has complied with the GEM Listing Rules regarding corporate governance, except for the separation of the roles of Chairman and CEO[84] - The company has adopted a code of conduct for directors' securities transactions, which complies with GEM Listing Rules[86] - As of June 30, 2021, there were no interests held by directors or management shareholders in any business that competes directly or indirectly with the company[87] Shareholder Information - As of June 30, 2021, major shareholders include Golden Dice Co., Ltd. with 12.02% (63,142,512 shares) and Best Heaven Limited with 6.01% (31,586,500 shares)[80] - The total unexercised stock options as of June 30, 2021, amounted to 37,629,250 shares, with an exercise price of HKD 0.20, and an average remaining term of approximately 6.51 years[82]
品创控股(08066) - 2021 - 中期财报