Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 163.79 million, an increase of 11.5% compared to HKD 145.48 million for the same period in 2020[7] - The net profit for the six months ended June 30, 2021, was HKD 6.04 million, a decrease of 57.8% from HKD 14.60 million in the same period of 2020[7] - The total comprehensive income for the second quarter of 2021 was HKD 7.44 million, compared to HKD 13.53 million in the second quarter of 2020[7] - The company reported a loss before tax of HKD 8,772,000 for the six months ended June 30, 2021, compared to a profit of HKD 7,080,000 for the same period in 2020[25] - Net profit attributable to the company's owners was approximately HKD 6.2 million, a decrease of about 2% compared to HKD 6.3 million in the same period in 2020[55] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 275.59 million, an increase from HKD 179.34 million as of December 31, 2020[8] - Current liabilities increased significantly to HKD 211.78 million from HKD 123.93 million as of December 31, 2020[9] - Non-current liabilities increased to HKD 212.69 million as of June 30, 2021, compared to HKD 124.83 million as of December 31, 2020[9] - The company’s total liabilities increased to HKD 166,159,000 as of June 30, 2021, compared to HKD 78,761,000 as of December 31, 2020[39] Equity and Earnings - The company reported a basic and diluted earnings per share of HKD 0.94 for the six months ended June 30, 2021, down from HKD 2.25 for the same period in 2020[7] - The company's equity attributable to owners increased to HKD 136.86 million as of June 30, 2021, from HKD 133.68 million as of December 31, 2020[9] - The company’s total equity increased to HKD 136,860,000 as of June 30, 2021, from HKD 129,672,000 at the beginning of the year[12] Cash Flow - For the six months ended June 30, 2021, the net cash used in operating activities was HKD (15,549,000), compared to HKD (30,426,000) for the same period in 2020, indicating a significant improvement[15] - The total cash and cash equivalents at the end of the period were HKD 54,585,000, slightly down from HKD 56,305,000 at the end of June 2020[15] - The company’s financing activities generated net cash of HKD 16,671,000 during the reporting period, compared to HKD 5,873,000 in the prior year[15] Revenue Breakdown - Revenue from OEM customers was HKD 97,727,000, while revenue from retail distributors was HKD 52,532,000 for the six months ended June 30, 2021[25] - The electronic products segment generated revenue of approximately HKD 150.3 million, an increase of about 5.8% compared to the same period in 2020 (HKD 142.1 million)[46] - The construction design segment contributed revenue of approximately HKD 13.5 million, a decrease of about 7.5% compared to the same period in 2020 (HKD 14.6 million)[47] Operational Focus - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[7] - The company continues to focus on expanding its product offerings in the computer and multimedia electronics sectors, aiming to enhance revenue streams[21] Other Financial Metrics - The average credit period granted by trade suppliers ranges from 30 to 150 days[39] - Selling and distribution expenses rose by 11.5% to approximately HKD 3.8 million, primarily due to costs associated with operating an online store and additional marketing efforts[52] - Administrative expenses decreased by approximately 2.4% to HKD 21.8 million compared to HKD 22.3 million in the same period in 2020[53] - The group recorded a tax credit of approximately HKD 14.8 million for the period, compared to a tax expense of HKD 1.2 million in the same period in 2020[54] Shareholder Information - The company did not recommend any interim dividend for the six-month period ended June 30, 2021, consistent with the previous year[35] - The company has not granted any share options under the incentive scheme since its adoption in December 2001[67] - There were no arrangements made for directors to benefit from purchasing shares or debentures of the company or any other entity during the half-year period[68] - The company maintained sufficient public float throughout the half-year period[69] - The company has complied with the GEM Listing Rules regarding the required standards for directors' securities transactions[70]
新华联合投资(08159) - 2021 - 中期财报