智傲控股(08282) - 2021 - 中期财报

Financial Performance - Total revenue for the six months ended June 30, 2021, was HKD 23,465,000, a decrease of 2.9% from HKD 24,158,000 in the same period of 2020[8] - Gross profit for the six months ended June 30, 2021, increased to HKD 6,557,000, representing a 53.3% increase from HKD 4,277,000 in 2020[8] - The company reported a loss before tax of HKD 5,904,000 for the six months ended June 30, 2021, compared to a loss of HKD 5,815,000 in the same period of 2020[8] - The company reported a basic and diluted loss per share of HKD 0.04 for the six months ended June 30, 2021, unchanged from the same period in 2020[8] - The company recorded a net loss of approximately HKD 5.9 million for the six months ended June 30, 2021, compared to a net loss of approximately HKD 5.8 million for the same period in 2020[47] - Revenue decreased by approximately 2.9% to about HKD 23.5 million for the six months ended June 30, 2021, down from approximately HKD 24.2 million for the same period in 2020[48] Expenses - The company incurred selling expenses of HKD 6,953,000 for the six months ended June 30, 2021, which is a 60.5% increase from HKD 4,329,000 in the same period of 2020[8] - The company’s administrative expenses for the six months ended June 30, 2021, were HKD 5,645,000, a slight decrease from HKD 5,976,000 in 2020[8] - The total employee cost for the six months ended June 30, 2021, was approximately HKD 7.4 million, compared to HKD 8.8 million for the same period in 2020[69] - The company’s total expenses for the six months ended June 30, 2021, included employee costs of HKD 5,400 thousand, down from HKD 6,811 thousand in 2020, a reduction of 20.7%[28] - Selling expenses increased by approximately 62.8% to about HKD 7.0 million for the six months ended June 30, 2021, compared to approximately HKD 4.3 million for the same period in 2020[52] - Administrative expenses slightly decreased by approximately 6.7% to about HKD 5.6 million for the six months ended June 30, 2021, from approximately HKD 6.0 million in the same period of 2020[53] Cash Flow and Assets - Cash and cash equivalents as of June 30, 2021, were HKD 26,878,000, down from HKD 38,158,000 at the end of 2020[10] - The net cash used in operating activities for the six months ended June 30, 2021, was HKD (6,468) thousand, compared to HKD (4,446) thousand for the same period in 2020, representing an increase of 45.6%[13] - The net cash used in investing activities for the six months ended June 30, 2021, was HKD (4,036) thousand, up from HKD (1,300) thousand in 2020, indicating a significant increase of 210.3%[13] - The total cash and cash equivalents decreased to HKD 26,878 thousand at the end of the period, down from HKD 38,110 thousand at the end of June 30, 2020, reflecting a decline of 29.5%[13] - Non-current assets increased to HKD 7,805,000 as of June 30, 2021, compared to HKD 5,532,000 at the end of 2020, driven by an increase in intangible assets[10] - Accounts receivable increased to approximately HKD 4,517,000 as of June 30, 2021, from approximately HKD 3,558,000 as of December 31, 2020[37] Equity and Capital - The company’s total equity decreased to HKD 28,008,000 as of June 30, 2021, from HKD 34,051,000 at the end of 2020[10] - The company reported a capital commitment of approximately HKD 2.6 million for the acquisition of intangible assets as of June 30, 2021, compared to HKD 1.0 million as of December 31, 2020[67] - The group’s debt-to-asset ratio was approximately 38.2%, an increase from 36.7% as of December 31, 2020[79] Market Strategy and Operations - The company is focusing on expanding its market presence and enhancing its product offerings to drive future growth[12] - The company had no single customer contributing 10% or more to total revenue during the period, indicating a diversified customer base[26] - The company had no significant acquisitions or disposals of subsidiaries and associates during the six months ended June 30, 2021[59] - There were no major investments held by the company during the six months ended June 30, 2021[60] - As of June 30, 2021, the company had no specific plans for significant investments or capital assets[61] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards[91] - The company has adopted the GEM Listing Rules and has complied with all applicable code provisions during the reporting period[84] - The chairman and CEO roles are held by the same individual, which deviates from the GEM Listing Rules, but the board believes this arrangement ensures consistent strategy execution[86] - The company confirmed compliance with the minimum public float requirement of 25% as of the report date[87] Dividends and Share Options - The company did not declare or pay any dividends for the six months ended June 30, 2021, consistent with the same period in 2020[32] - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2021[70] - No share options were granted, exercised, expired, or lapsed during the six months ended June 30, 2021[90] - The company has a share option scheme approved by shareholders, which is valid for 10 years from the listing date[88] Employment and Staff - The company employed 48 staff members in Hong Kong and Taiwan as of June 30, 2021, down from 53 staff members a year earlier[69]