Financial Performance - The group recorded revenue of approximately HKD 29.2 million for the six months ended June 30, 2019, a decrease of about 5.2% compared to HKD 30.8 million for the same period in 2018[5]. - The group reported a loss attributable to owners of approximately HKD 0.7 million for the six months ended June 30, 2019, compared to a profit of HKD 2.6 million for the same period in 2018[5]. - The decrease in revenue was primarily due to the discontinuation of the old version of Ahsay™ backup software and a reduction in bulk purchases by customers[6]. - The group reported a loss before tax of HKD 508, compared to a profit of HKD 3.336 million for the same period in 2018[63]. - The total comprehensive loss for the six months ended June 30, 2019, was HKD 826, compared to a total comprehensive income of HKD 2.621 million for the same period in 2018[63]. - Basic loss per share for the six months ended June 30, 2019, was HKD (0.04), compared to earnings of HKD 0.13 for the same period in 2018[63]. - The company reported a net loss of HKD 866,000 for the six months ended June 30, 2019, compared to a profit of HKD 2,625,000 in the same period of 2018[71]. Revenue Sources - The revenue from online backup software and related services was HKD 29,145,000, while the information sharing services contributed HKD 91,000[115]. - The profit (loss) from the online backup software and related services segment was HKD 2,842,000, whereas the information sharing services segment reported a loss of HKD 4,149,000, resulting in a total segment loss of HKD 1,307,000[115]. - The company generated HKD 13,325,000 from leasing software licenses during the six months ended June 30, 2019, compared to HKD 14,074,000 in the same period of 2018, reflecting a decrease of approximately 5.3%[115]. Expenses and Costs - Employee costs rose by approximately 4.8% to HKD 21.9 million for the six months ended June 30, 2019, compared to HKD 20.9 million for the same period in 2018[8]. - Total employee costs for the six months ended June 30, 2019, amounted to HKD 21,864,000, an increase of 4.8% from HKD 20,866,000 in the same period of 2018[121]. - Total other expenses for the six months ended June 30, 2019, were HKD 8,448,000, an increase of 20.2% from HKD 7,025,000 in the same period of 2018[122]. - Advertising and marketing expenses for the six months ended June 30, 2019, were HKD 1,477,000, up 34.8% from HKD 1,096,000 in the same period of 2018[122]. - The company incurred depreciation expenses of HKD 1,741,000 for property, plant, and equipment, and right-of-use assets combined during the reporting period[71]. Cash and Assets - The group maintained a net cash position as of June 30, 2019, with current assets of approximately HKD 91.1 million[15]. - Cash and cash equivalents decreased to HKD 86,636,000 as of June 30, 2019, down from HKD 89,296,000 at the beginning of the year[71]. - Non-current assets increased to HKD 15,371,000 in June 2019 from HKD 7,142,000 in December 2018, primarily due to the addition of right-of-use assets and goodwill[65]. - The company’s total assets decreased to HKD 82,856,000 in June 2019 from HKD 78,205,000 in December 2018[65]. Investments and Acquisitions - Ahsay Systems Limited has agreed to invest 250 million KRW (approximately 1.7 million HKD) in Ahsay Korea Co., Ltd., acquiring a 50% stake after the investment is completed[22]. - The company holds a 28.57% stake in Ahsay Korea Co., Ltd after investing a total of approximately HKD 1,675,000 in two rounds of investment[142]. - The acquisition of Asys Korea was completed on April 29, 2019, allowing the company to expand its core backup business in South Korea[144]. - The total consideration for the acquisition was HKD 670,000, with identifiable net liabilities of HKD 293,000 recognized[147]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[46]. - The company has maintained high standards of corporate governance, adhering to all provisions of the GEM listing rules[47]. - The audit committee reviewed the interim financial information and confirmed compliance with applicable accounting standards and GEM listing rules[55]. Employee Management - The group had 103 employees as of June 30, 2019, an increase from 79 employees as of June 30, 2018, primarily due to the redistribution of human resources to the Philippines office[49]. - The company did not face any significant difficulties in recruiting and retaining qualified employees during the reporting period[53]. - The company provided various training programs to enhance employees' professional skills and knowledge related to their responsibilities[53]. Accounting Policies - The company adopted new accounting policies, including the application of the Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2019, which did not have a significant impact on the financial position and performance for the period[84]. - The company recognized lease liabilities of HKD 8,496,000 and right-of-use assets of HKD 8,567,000 as of January 1, 2019[108]. - The company applied HKFRS 16 for the first time, resulting in the recognition of a right-of-use asset of HKD 8,567,000 and lease liabilities of HKD 8,496,000[150].
亚势备份(08290) - 2019 - 中期财报