Financial Performance - For the six months ended December 31, 2019, the group's revenue was approximately RM 19.6 million, a decrease of 9.9% compared to RM 21.7 million in the same period last year[9]. - Gross profit for the same period decreased by 15.7% to approximately RM 8.0 million from RM 9.5 million in the previous year[10]. - The group reported a loss of approximately RM 0.9 million for the six months ended December 31, 2019, while profit excluding listing expenses and tax credits would be approximately RM 4.6 million, a decrease of 34.9% from RM 7.1 million in the previous year[10]. - Basic loss per share for the period was (0.44) sen compared to earnings of 1.40 sen in the same period last year[13]. - Total comprehensive loss for the period was RM 2.1 million, compared to a profit of RM 2.5 million in the same period last year[13]. - The company reported a pre-tax profit of RM 339,833 for the six months ended December 31, 2019, compared to RM 4,690,999 for the same period in 2018, showing a decline of approximately 92.8%[30]. - The company experienced a cash outflow from operating activities of RM 3,698,755 for the six months ended December 31, 2019, contrasting with a cash inflow of RM 7,258,457 for the same period in 2018[30]. - The total cost of inventory recognized as an expense for the six months ended December 31, 2019, was RM 1,446,155, compared to RM 772,392 in the same period of 2018[79]. - The total depreciation of property, plant, and equipment for the six months ended December 31, 2019, was RM 1,388,811, down from RM 1,529,432 in the same period of 2018[79]. - The company incurred a net foreign exchange loss of RM (211,147) for the six months ended December 31, 2019, compared to a gain of RM 295,908 in the same period of 2018[76]. Revenue Breakdown - The company reported total revenue of RM 19,575,146 for the six months ended December 31, 2019, compared to RM 21,714,246 for the same period in 2018, representing a decrease of approximately 9.9%[67]. - Hardware sales generated RM 2,912,905 in revenue for the six months ended December 31, 2019, up from RM 808,754 in the same period of 2018, indicating a significant increase[67]. - The company’s total revenue from network connection services was RM 10,065,783 for the six months ended December 31, 2019, compared to RM 9,811,242 for the same period in 2018, showing an increase of approximately 2.6%[67]. - The company’s revenue from network management and security services was RM 2,395,555 for the six months ended December 31, 2019, compared to RM 3,954,729 in the same period of 2018, reflecting a decrease of about 39.4%[67]. - The company’s total revenue from customer contracts related to leased hardware was RM 16,464,232 for the six months ended December 31, 2019, compared to RM 19,193,456 for the same period in 2018, a decline of approximately 14.3%[67]. Assets and Liabilities - As of December 31, 2019, the total assets amounted to RM 58,488,648, an increase from RM 34,987,835 as of June 30, 2019, reflecting a growth of approximately 67.1%[19]. - Total liabilities as of December 31, 2019, were RM 14,701,055, a slight decrease from RM 15,630,277 as of June 30, 2019, representing a reduction of about 5.9%[19]. - The company’s equity attributable to owners was RM 54,122,835 as of December 31, 2019, compared to RM 31,369,654 as of June 30, 2019, reflecting a growth of about 72.3%[19]. - The company’s cash and cash equivalents increased to RM 21,028,617 as of December 31, 2019, compared to RM 9,307,471 as of June 30, 2019, representing a growth of about 125.5%[19]. - The company’s total liabilities, including trade payables and accrued expenses, amounted to 4,179,520 MYR as of December 31, 2019, down from 6,620,610 MYR, indicating a reduction of about 37%[104]. Strategic Initiatives - The company aims to enhance its market presence and explore new product development opportunities in the upcoming quarters[8]. - The management is focused on cost control measures to improve profitability moving forward[8]. - The company is actively seeking strategic partnerships to expand its market reach and operational capabilities[8]. - Future guidance indicates a cautious outlook due to market volatility and competitive pressures[8]. - The company aims to enhance its market position and competitiveness through the financial resources obtained from its listing[123]. Shareholder Information - The company declared dividends totaling RM 1,350,000 during the reporting period, which included RM 500,000 and RM 850,000 on different dates[27]. - The company did not recommend any interim dividend for the six months ended December 31, 2019, consistent with the previous year[88]. - Tan Datuk holds 337,500,000 shares, representing 56.25% of the company's equity[172]. - Advantage Sail Limited, beneficially owned by Tan Datuk, holds 303,750,000 shares, accounting for 50.625% of the issued shares[173]. - Robust Cosmos Limited, beneficially owned by Ms. Kwong, holds 33,750,000 shares, which is 5.625% of the issued shares[173]. Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting standards[177]. - The company’s financial statements for the six months ended December 31, 2019, were prepared in accordance with applicable accounting standards[180]. - The company adopted and complied with the corporate governance code since its listing on December 9, 2019, with some deviations noted[181]. - All directors confirmed compliance with the trading standards from the listing date until December 31, 2019[182]. - The board consists of executive and independent non-executive directors, ensuring a balanced governance structure[190].
比特元宇宙(08645) - 2020 - 中期财报