Revenue Performance - The total revenue for the group during the reporting period was approximately HKD 128,700,000, a significant increase of HKD 121,600,000 compared to HKD 7,100,000 for the same period last year[16]. - Revenue from the big data center services amounted to HKD 127,700,000, primarily due to the commencement of operations of the second and third data centers[11]. - The online gaming business generated revenue of HKD 200,000, a decrease of HKD 200,000 compared to the same period last year, attributed to reduced promotional activities during the COVID-19 pandemic[12]. - The lending business contributed revenue of approximately HKD 800,000, following the granting of a loan of HKD 30,000,000 at an annual interest rate of 10%[13]. - The lottery business recorded revenue of approximately HKD 30,000, attributed to providing technical solutions to the China Welfare Lottery Issuance Management Center[15]. - For the six months ended June 30, 2020, the company reported revenue of HKD 128,734,000, a significant increase from HKD 7,105,000 in the same period of 2019, representing a growth of approximately 1,711%[45]. - The revenue from the big data center services segment reached HKD 127,707,000 for the six months ended June 30, 2020, compared to HKD 6,584,000 in the same period of 2019, reflecting a growth of 1,838%[71]. Financial Performance - The group recorded a loss of HKD 32,400,000 for the reporting period, an increase of HKD 17,500,000 compared to a loss of HKD 14,900,000 in the same period of 2019[21]. - The company incurred a loss before tax of HKD 32,937,000 for the six months ended June 30, 2020, compared to a loss of HKD 14,946,000 in the same period of 2019, reflecting a deterioration in financial performance[45]. - The total comprehensive loss for the six months ended June 30, 2020, was HKD 38,523,000, compared to HKD 15,324,000 in 2019, indicating an increase in overall losses[50]. - The company’s loss attributable to owners for the six months ended June 30, 2020, was HKD 30,116,000, compared to HKD 14,747,000 in the same period of 2019, reflecting a worsening financial position[50]. - The loss for the six months ended June 30, 2020, was HKD 13,204,000, compared to a loss of HKD 2,803,000 in the same period of 2019, indicating a deterioration in financial performance[83]. Operational Capacity and Investments - The total operational capacity of the three data centers exceeds 225,000 data processors, covering a total area of over 18,000 square meters[8]. - The group made a significant investment of approximately HKD 93,600,000 in the construction of the third data center, which was completed in late June 2020, covering an area of 10,500 square meters[24]. - The construction of the third data center was delayed by one month due to the COVID-19 pandemic but was completed in late June 2020[8]. - The integrated management software implemented in the data centers allows clients to remotely monitor their data processors and receive real-time notifications of any anomalies[11]. Employee and Operational Costs - Employee costs increased by HKD 6,800,000 due to the expansion of new big data center services, with staff numbers rising from 36 to 129[21]. - Employee benefits costs for the period amounted to HKD 14,200,000, up from HKD 7,400,000 in the previous year, reflecting a 92% increase in employee-related expenses[41]. - The company employed a total of 129 employees as of June 30, 2020, a significant increase from 36 employees as of June 30, 2019, indicating a substantial expansion in workforce[41]. Assets and Liabilities - As of June 30, 2020, the net asset value of the group's property, plant, and equipment was HKD 252,200,000, an increase of HKD 87,700,000 from HKD 164,500,000 on December 31, 2019[24]. - The group's bank balance and cash as of June 30, 2020, was HKD 45,700,000, down from HKD 95,000,000 on December 31, 2019, primarily due to the expansion of the data center[26]. - The group's net current assets as of June 30, 2020, were HKD 71,500,000, a decrease from HKD 150,200,000 on December 31, 2019[27]. - Total non-current assets increased to HKD 302,359,000 as of June 30, 2020, compared to HKD 194,232,000 as of December 31, 2019, representing a growth of 55.8%[52]. - Current assets decreased to HKD 151,677,000 as of June 30, 2020, down from HKD 217,683,000 as of December 31, 2019, a decline of 30.3%[52]. - Total liabilities increased to HKD 80,212,000 as of June 30, 2020, compared to HKD 67,445,000 as of December 31, 2019, an increase of 18.3%[52]. Shareholder and Corporate Governance - The company proposed a share consolidation, merging every ten existing shares into one new share, which was approved by shareholders on May 26, 2020[29]. - The company has a beneficial owner, 500.com Limited, holding 127,871,432 shares, representing approximately 40.48% of the total issued shares[120]. - The company emphasizes the importance of good corporate governance to protect shareholder interests and maintains high transparency for all shareholders[125]. - The audit committee is responsible for reviewing and supervising the financial reporting process and monitoring risk management and internal controls[129]. - There were changes in the board of directors, with Mr. Yan Hao resigning as an independent non-executive director and Mr. Huang Jian appointed as the new independent non-executive director[130].
加幂科技(08198) - 2020 - 中期财报