Revenue Performance - Total revenue for the reporting period was approximately HKD 171,900,000, an increase of HKD 43,200,000 compared to HKD 128,700,000 in the same period last year[13]. - Data center services generated revenue of approximately HKD 170,000,000, up HKD 42,300,000 from HKD 127,700,000 in the same period last year[8]. - The lending business contributed approximately HKD 1,500,000 in revenue, an increase of HKD 700,000 compared to HKD 800,000 in the same period last year[15]. - The online gaming business recorded revenue of HKD 300,000, an increase of HKD 100,000 from HKD 200,000 in the same period last year[16]. - Revenue for the six months ended June 30, 2021, was HKD 171,888,000, an increase of 33.5% from HKD 128,734,000 in the same period last year[41]. - Revenue from big data center services reached HKD 170,044,000 for the six months ended June 30, 2021, a significant increase from HKD 127,707,000 in the same period of 2020, representing a growth of approximately 33.1%[88]. - The company’s revenue from online gaming business was HKD 344,000 for the six months ended June 30, 2021, compared to HKD 247,000 in the same period of 2020, indicating growth[88]. Operational Developments - The company has constructed a new data center in Hong Kong, expected to contribute revenue by the end of Q3 2021[6]. - The company decided to suspend its online gaming operations to better allocate resources towards its core businesses[11]. - The company has begun expanding into self-mining cryptocurrency operations, having purchased 1,807 data processors in 2021, with expected revenue contribution in Q3 of this year[19]. - All three data centers in China are currently non-operational due to regulatory actions and ongoing renovations[5]. Financial Performance - The company recorded a loss of approximately HKD 37,200,000 for the reporting period, an increase of 15% compared to a loss of HKD 32,400,000 in the same period last year[18]. - Gross profit decreased by approximately HKD 13,900,000, primarily due to the impact of the dry season on hydropower production and the suspension of power supply to the subsidiary operating the big data center[18]. - The company reported a loss before tax of HKD 37,199,000 for the six months ended June 30, 2021, compared to a loss of HKD 32,937,000 in the previous year[41]. - The company recorded a total comprehensive loss of HKD 18,768,000 for the six months ended June 30, 2021, compared to a loss of HKD 38,523,000 in the same period last year[44]. - The company reported a loss attributable to owners of HKD 14,372,000 for the three months ended June 30, 2021, compared to a loss of HKD 12,494,000 for the same period in 2020, representing an increase of 15.1%[47]. - The company reported a basic and diluted loss per share of HKD 2.67 for the three months ended June 30, 2021, compared to a loss of HKD 4.62 for the same period in 2020, showing an improvement of 42.3%[47]. Assets and Liabilities - As of June 30, 2021, the net asset value of the company's property, machinery, and equipment was HKD 237,800,000, down from HKD 263,300,000 as of December 31, 2020[22]. - The total non-current assets decreased to HKD 288,197,000 as of June 30, 2021, down from HKD 318,869,000 as of December 31, 2020, reflecting a decline of 9.6%[48]. - Current assets increased to HKD 163,660,000 as of June 30, 2021, compared to HKD 135,670,000 as of December 31, 2020, marking an increase of 20.6%[48]. - The total liabilities decreased from HKD 409,710,000 as of December 31, 2020, to HKD 388,127,000 as of June 30, 2021, a reduction of 5.3%[50]. - The company has no bank borrowings as of June 30, 2021, maintaining a debt ratio of zero[24]. Shareholder Information - The total number of issued shares of the company as of June 30, 2021, was 548,378,822 shares[1]. - The total number of ordinary shares increased from 379,023,983 to 548,378,822 between January 1, 2021, and June 30, 2021[106]. - BIT Mining holds a significant stake in the company with 327,868,805 shares, representing 59.79% of the total issued shares[172]. - The company issued a total of 169,354,839 shares at a subscription price of HKD 0.62 per share to BIT Mining Limited, raising approximately HKD 105,000,000[37]. Corporate Governance - The company emphasizes good corporate governance to protect shareholder interests, with no significant deviations from GEM listing rules during the reporting period[177]. - The audit committee, consisting of two independent non-executive directors and one non-executive director, oversees the financial reporting process and risk management[181]. - The company has established a remuneration committee and a nomination committee to maintain high standards of corporate governance[179]. - There were no reported conflicts of interest among directors and major shareholders during the reporting period[176]. Future Outlook and Strategy - Future outlook indicates a projected revenue growth of 15% year-over-year for the next fiscal period[184]. - The company is investing in new product development, focusing on innovative gaming technologies to enhance user experience[184]. - Market expansion strategies include targeting new demographics and geographic regions to increase market share[184]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[184]. - A new marketing strategy has been implemented to boost brand visibility and attract a younger audience[184]. - The company aims to improve operational efficiency by 10% through technology upgrades and process optimization[184]. - User retention rates have improved by 5% compared to the previous year, indicating successful engagement initiatives[184]. - The company plans to allocate 20% of its annual budget towards research and development for future innovations[184].
加幂科技(08198) - 2021 - 中期财报