Financial Performance - For the three months ended June 30, 2019, the revenue was HKD 49,195,000, representing an increase of 6.3% compared to HKD 46,235,000 for the same period in 2018[6]. - The gross profit for the six months ended June 30, 2019, was HKD 34,888,000, up 6.1% from HKD 32,874,000 in the previous year[6]. - The profit for the period attributable to owners of the company for the six months ended June 30, 2019, was HKD 6,554,000, an increase of 11.8% from HKD 5,860,000 in 2018[6]. - The total revenue for the six months ended June 30, 2019, was HKD 75,763,000, up from HKD 70,359,000 in 2018, marking an increase of approximately 7.1%[24]. - Revenue from financial printing services rose to HKD 70,688,000 in 2019, compared to HKD 64,182,000 in 2018, representing an increase of about 10.5%[24]. - The total comprehensive income for the six months ended June 30, 2019, was HKD 6,471,000, compared to HKD 5,860,000 for the same period in 2018, marking an increase of 10.4%[7]. - Basic and diluted earnings per share for the six months ended June 30, 2019, were HKD 1.64, up from HKD 1.47 in the same period of 2018[34]. - The company reported a basic and diluted earnings per share of HKD 2.21 for the three months ended June 30, 2019, compared to HKD 2.15 for the same period in 2018[7]. - Net profit after tax increased by approximately HKD 0.6 million, or 10.5%, from approximately HKD 5.9 million for the six months ended June 30, 2018, to approximately HKD 6.5 million for the six months ended June 30, 2019[52]. Assets and Liabilities - The total assets as of June 30, 2019, amounted to HKD 125,529,000, compared to HKD 107,312,000 as of December 31, 2018, reflecting a growth of 16.9%[9]. - The net asset value attributable to owners of the company increased to HKD 91,479,000 as of June 30, 2019, from HKD 84,936,000 at the end of 2018, representing a rise of 7.2%[10]. - Trade receivables as of June 30, 2019, were HKD 32.0 million, compared to HKD 25.5 million as of December 31, 2018[37]. - Trade payables as of June 30, 2019, were HKD 16.9 million, an increase from HKD 11.5 million as of December 31, 2018[39]. - Current assets rose to approximately HKD 115.1 million as of June 30, 2019, from approximately HKD 98.7 million as of December 31, 2018[56]. - The group’s debt-to-equity ratio was approximately 3.0% as of June 30, 2019[61]. Cash Flow - For the six months ended June 30, 2019, the net cash used in operating activities was HKD (991,000), compared to HKD 172,000 for the same period in 2018, representing a significant decline[15]. - The net cash generated from investing activities increased to HKD 2,853,000 in 2019 from HKD 2,698,000 in 2018, indicating a positive trend in investment returns[15]. - The net cash used in financing activities was HKD (398,000) for the first half of 2019, compared to HKD (212,000) in the same period of 2018, reflecting increased financing costs[15]. - The total cash and cash equivalents at the end of the period increased to HKD 60,225,000 from HKD 64,941,000 year-over-year, showing a decrease of approximately 7.5%[15]. - The company’s cash and bank balances stood at HKD 60,225,000 as of June 30, 2019, compared to HKD 58,761,000 at the end of 2018, showing a slight increase of 2.5%[9]. Expenses - The company’s administrative expenses for the six months ended June 30, 2019, were HKD 20,441,000, up from HKD 19,772,000 in the previous year, reflecting a rise of 3.4%[6]. - Total employee benefits expenses for the six months ended June 30, 2019, amounted to HKD 23.2 million, an increase from HKD 21.1 million in 2018[30]. - Selling expenses increased by approximately HKD 0.7 million, or 11.4%, from approximately HKD 5.8 million for the six months ended June 30, 2018, to approximately HKD 6.4 million for the six months ended June 30, 2019[48]. - Administrative expenses rose by approximately HKD 0.7 million, or 3.4%, from approximately HKD 19.8 million for the six months ended June 30, 2018, to approximately HKD 20.4 million for the six months ended June 30, 2019[50]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per GEM Listing Rules during the six months ending June 30, 2019[72]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2019[78]. - No directors or major shareholders participated in any competing business during the six months ending June 30, 2019[74]. - The company did not purchase, sell, or redeem any of its listed securities in the six months ending June 30, 2019[71]. Future Outlook and Strategy - The company continues to focus on enhancing its financial printing services and expanding its market presence in Hong Kong[24]. - The company plans to continue seeking business development opportunities and explore potential acquisitions to strengthen its revenue base[42]. - The company maintains a positive outlook despite economic uncertainties, focusing on core business and potential growth opportunities[42]. Shareholder Information - As of June 30, 2019, HM Ultimate holds 297,000,000 shares, representing 74.25% of the company's issued voting shares[68]. - Mr. Yu, Mr. Xie, and Mr. Chen beneficially own 53.0%, 24.5%, and 22.5% of HM Ultimate, respectively[69]. - No share options were granted in the six months ending June 30, 2019, and 50,000 options expired during this period[70]. - The total amount of share-based payments recognized for the six months ended June 30, 2019, was approximately HKD 72,000, up from HKD 54,000 in the same period of 2018[32].
HM INTL HLDGS(08416) - 2019 - 中期财报