Financial Performance - The company's revenue for the six months ended June 30, 2021, was HKD 12,466,000, an increase of 20.0% compared to HKD 10,384,000 for the same period in 2020[5] - Gross profit for the six months ended June 30, 2021, was HKD 1,275,000, a decrease of 38.7% from HKD 2,082,000 in the previous year[5] - The operating loss for the six months ended June 30, 2021, was HKD 51,266,000, compared to a loss of HKD 6,410,000 for the same period in 2020, indicating a significant increase in losses[5] - The net loss attributable to the owners of the company for the six months ended June 30, 2021, was HKD 45,055,000, compared to HKD 51,179,000 in the same period of 2020[5] - The company reported a total comprehensive loss of HKD 55,612,000 for the six months ended June 30, 2021, compared to HKD 59,465,000 for the same period in 2020[5] - The basic and diluted loss per share for continuing operations was HKD 0.0841 for the six months ended June 30, 2021, compared to HKD 0.1036 for the same period in 2020[66] - The company reported a net cash outflow from operating activities of HKD (22,342) million for the six months ended June 30, 2021[82] - The company reported a total revenue of HKD 24,349,000 for the six months ended June 30, 2021, with a loss before tax of HKD 58,100,000[117] - The company incurred a loss of HKD 58,100,000 for the period, reflecting a significant decline compared to the previous period's loss of HKD 55,068,000[117][125] Assets and Liabilities - Total assets decreased from HKD 141,237 million in December 2020 to HKD 61,850 million in June 2021, representing a decline of approximately 56.3%[68] - Cash and cash equivalents dropped significantly from HKD 57,966 million in December 2020 to HKD 29,209 million in June 2021, a decrease of about 49.5%[68] - Total liabilities decreased from HKD 259,780 million in December 2020 to HKD 235,929 million in June 2021, a reduction of approximately 9.2%[70] - Trade payables increased from HKD 1,521 million in December 2020 to HKD 4,309 million in June 2021, an increase of about 184.5%[70] - The total equity attributable to owners decreased from HKD 118,543 million in December 2020 to HKD 174,079 million in June 2021, reflecting a decline of approximately 47.0%[72] - The company’s total assets decreased from HKD 141,237,000 as of June 30, 2020, to HKD 61,850,000 as of June 30, 2021[125] Operational Changes - The company experienced a significant increase in administrative expenses, totaling HKD 50,088,000 for the six months ended June 30, 2021, compared to HKD 26,933,000 in the previous year[5] - The company reported a significant impairment loss of HKD 18,266,000 related to goodwill during the period[123] - The company has terminated its beauty business operations, which has been reclassified as discontinued operations in the financial statements[112] - The engineering products segment generated revenue of HKD 10,343,000, while the beauty products segment, which has been discontinued, contributed HKD 768,000[117] - The company incurred a goodwill impairment loss of approximately HKD 18,600,000 related to the terminated beauty business[173] Revenue Breakdown - Revenue from continuing operations in mainland China and Canada decreased to HKD 10,343,000 for the six months ended June 30, 2021, down from HKD 12,466,000 in the same period of 2020, representing a decline of approximately 17.0%[128] - Revenue from discontinued operations in Hong Kong was HKD 14,005,000 for the six months ended June 30, 2021, compared to HKD 18,784,000 in the same period of 2020, indicating a decrease of about 25.0%[128] - Engineering business revenue decreased by approximately 17.0% to about HKD 10,300,000, contributing to the total revenue[168] Shareholder Information - As of June 30, 2021, the group had a total of 506,219,666 shares issued, with a significant shareholder holding 29.91% of the shares[193][195] - Tai Dong holds a beneficial interest of 151,425,197 shares, representing approximately 29.91% of the company's total shares[198] - 港橋投资有限公司 (HK Bridge) has a beneficial interest of 41,666,666 shares, accounting for about 8.23% of the total shares[198] - HK Bridge Absolute Return Fund, L.P. owns 64,148,063 shares, which is approximately 12.67% of the total shares[198] - On Top Global Limited possesses 24,397,946 shares, representing around 4.82% of the total shares[198] - 麗科控股集團有限公司 (啟科控股) controls 130,212,675 shares, equating to about 25.72% of the total shares[198] - KE10MA Holdings Inc. has a beneficial interest of 29,286,971 shares, which is approximately 5.79% of the total shares[198] - Greater Harmony Limited holds 30,000,000 shares, representing about 5.93% of the total shares[200] - 高振順 also has a controlled interest in 30,000,000 shares, accounting for approximately 5.93% of the total shares[200] Employee and Operational Costs - As of June 30, 2021, the group employed 88 staff members, with total employee costs amounting to approximately HKD 16,800,000, a decrease from HKD 25,200,000 for the same period in 2020[184] - Administrative expenses decreased by approximately 46.2% to about HKD 26,900,000, primarily due to reduced R&D and employee costs[172] Market Outlook - The Chinese robot market is projected to reach RMB 81.3 billion in 2021, with a compound annual growth rate (CAGR) of 15.8% expected from 2021 to 2025, potentially reaching RMB 146.3 billion by 2025[188] - The government has allocated an estimated budget of RMB 560 million to support the development of artificial intelligence as a strategic emerging industry[187] - The integration of artificial intelligence in manufacturing is expected to achieve a CAGR of 39.7% from 2019 to 2027, with a market size projected to reach USD 27 billion by 2027[190] - The group anticipates that advancements in robotics and their applications will accelerate the commercial rollout of AI service robots, which are expected to have a broad market[189] - The group plans to continue integrating new technologies to diversify its robot products, enhancing usability and expanding into broader consumer markets[191]
超人智能(08176) - 2021 - 中期财报