Financial Performance - For the six months ended June 30, 2020, the revenue was HKD 31,250,000, a decrease of 11.5% compared to HKD 35,600,000 for the same period in 2019[5]. - The gross profit for the six months was HKD 10,024,000, down 43.5% from HKD 17,677,000 in the previous year[5]. - The operating loss for the six months was HKD 47,119,000, compared to a loss of HKD 49,799,000 in the same period of 2019, indicating a slight improvement[5]. - The net loss attributable to owners for the six months was HKD 55,068,000, compared to HKD 52,038,000 in the previous year, reflecting a 5.8% increase in losses[7]. - The company reported a total comprehensive loss of HKD 55,068,000 for the six months ended June 30, 2020, compared to a loss of HKD 51,179,000 in the previous period[13]. - The basic and diluted loss per share for the six months was HKD 10.88, compared to HKD 10.97 for the same period in 2019[7]. - The company recorded a loss attributable to owners of approximately HKD 51,200,000 for the six months ended June 30, 2020, compared to a loss of about HKD 55,500,000 in 2019[74]. Assets and Liabilities - Total assets decreased to HKD 184,457,000 as of June 30, 2020, down from HKD 206,256,000 at the end of 2019[10]. - Current liabilities increased to HKD 110,238,000 from HKD 100,145,000 at the end of 2019, indicating a rise in short-term financial obligations[11]. - The company’s total equity was negative at HKD 26,689,000 as of June 30, 2020, compared to positive equity of HKD 27,018,000 at the end of 2019[11]. - The total liabilities of the company as of June 30, 2020, were HKD 211,146,000, with allocated liabilities from operating segments amounting to HKD 171,202,000[37]. - The total borrowings of the group as of June 30, 2020, were approximately HKD 76.4 million, an increase from HKD 55.9 million as of December 31, 2019[78]. Cash Flow - The company reported cash and cash equivalents of HKD 26,827,000, down from HKD 32,708,000 at the end of 2019[10]. - The net cash used in operating activities was HKD 26,411,000 for the six months ended June 30, 2020, an improvement from HKD 30,149,000 in the same period last year[18]. - The company generated net cash from financing activities amounting to HKD 24,940,000, slightly up from HKD 24,487,000 in the previous year[20]. - The cash and cash equivalents at the end of the period were HKD 26,827,000, down from HKD 27,717,000 at the end of the previous year[27]. Revenue Breakdown - Revenue from the sale of beauty products was HKD 18,186,000, while revenue from providing treatment services was HKD 12,466,000 for the six months ended June 30, 2020[34]. - Revenue from beauty product sales decreased by approximately 58.9% to about HKD 600,000, while revenue from treatment services decreased by approximately 33.3% to about HKD 18,200,000[71]. - Revenue from engineering business increased by approximately 80.9% to contribute about HKD 12,500,000 to total revenue, compared to HKD 6,900,000 in the same period of 2019[71]. Market and Strategic Outlook - The company anticipates that the 5G commercial era will significantly boost the service robot market in China, which is expected to become the largest market for service robots[90]. - The domestic service robot market share is currently less than 30%, indicating significant market potential for growth[91]. - The company anticipates that the aging population and rising labor costs will continue to release market potential for service robots in the future[91]. - The board expects challenges for the beauty business due to the severe economic conditions and social conflicts in Hong Kong[93]. - The company is preparing for potential risks due to the global economic downturn and uncertainties caused by the pandemic[92]. - The global supply chain risks have increased due to pandemic-related production halts and delays, affecting consumption, investment, and trade[93]. Corporate Governance and Shareholding - The company has adhered to the corporate governance code as per GEM listing rules during the mid-year period[122]. - The company holds 151,425,197 shares, representing approximately 29.91% of total shares issued as of June 30, 2020[94][96]. - The company’s major shareholders include Tai Dong with 29.91% and HKBridge Absolute Return Fund with 12.67% of shares[99]. - Tai Dong holds equity in 151,425,197 shares of the company, fully owned by Mr. Su Zhi Tuan[102]. - The total number of issued shares as of June 30, 2020, is 506,219,666[106]. - The Audit Committee, consisting of three independent non-executive directors, reviewed the group's unaudited interim results for the six months ending June 30, 2020[121].
超人智能(08176) - 2020 - 中期财报