Financial Performance - For the six months ended June 30, 2024, the company reported a net loss of HKD 48,819,000, compared to a net loss of HKD 85,103,000 for the same period in 2023, representing a 42.6% improvement in losses[2] - The group reported a net loss of approximately HKD 48,819,000 for the six months ending June 30, 2024[6] - The group reported a loss before tax of HKD 49,145,000 for the six months ended June 30, 2024, compared to a loss of HKD 85,081,000 for the same period in 2023[13] - The group reported a pre-tax loss of HKD 47,969,000 for the six months ended June 30, 2024, compared to a loss of HKD 83,951,000 for the same period in 2023, indicating a reduction in losses by approximately 43%[21] - For the six months ended June 30, 2024, the company recorded a loss attributable to shareholders of HKD 48,000,000, a decrease in loss of 42.9% compared to a loss of HKD 84,000,000 for the same period in 2023[47] Revenue and Profitability - The company's revenue from interest income on lending activities increased significantly to HKD 1,675,000, compared to HKD 296,000 in the previous year, marking a growth of 465.2%[1] - The group's revenue for the six months ended June 30, 2024, was HKD 74,267,000, a decrease of 28.2% compared to HKD 103,367,000 for the same period in 2023[14] - The revenue from the production and sale of packaging products was HKD 41,494,000, down from HKD 61,033,000, representing a decline of 32.1%[14] - The revenue from the production and sale of Laiyin algae products was HKD 5,528,000, down from HKD 16,808,000, indicating a decline of 67.1%[14] - The overall gross profit margin for the group was 43.7%, an increase from 34.4% for the same period in 2023[47] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 414,191,000, down from HKD 444,856,000 at the end of 2023, reflecting a decrease of 6.9%[3] - The company's cash and cash equivalents decreased to HKD 13,757,000 from HKD 34,493,000, a decline of 60.1%[3] - The total liabilities increased to HKD 464,754,000 as of June 30, 2024, compared to HKD 380,713,000 at the end of 2023, representing an increase of 22.1%[3] - The company's non-current liabilities decreased to HKD 132,663,000 from HKD 205,554,000, a reduction of 35.4%[4] - As of June 30, 2024, accounts receivable amounted to HKD 45,763,000, an increase of 16% from HKD 39,356,000 as of December 31, 2023[26] Cost Management and Operational Strategies - The group will implement cost control measures in sales, administrative, and capital expenditures to increase internal cash generation[6] - The group plans to actively seek new financing sources, including additional loans from directors, to address liquidity issues[6] - The board is confident that the financial situation will improve following the implementation of the proposed measures, ensuring sufficient working capital for the next 12 months[7] Shareholder Information - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with no dividend declared for the same period in 2023[20] - The average number of ordinary shares used for calculating basic and diluted loss per share remained constant at 2,805,952,000 shares for both periods[21] - The company has a total of 2,805,952,000 shares issued and fully paid as of both December 31, 2023, and June 30, 2024[35] Investments and Financing - Shanghai Tongyun Internet Technology Co., Ltd. agreed to invest RMB 1,500,000 (approximately HKD 1,641,000) to subscribe for 1,500,000 shares of a private equity fund[25] - The company has additional investments in the fund amounting to RMB 4,500,000 (approximately HKD 4,882,000) as of June 30, 2024[63] - The company raised net proceeds of HKD 406,100,000 from share placements, with HKD 263,400,000 used for redeeming convertible notes[65] Taxation - The group reported a tax provision of HKD (326,000) for the six months ended June 30, 2024, compared to HKD 22,000 in 2023, reflecting a significant increase in tax liabilities[19] - The group’s tax rate for qualifying entities in Hong Kong is 8.25% on the first HKD 2,000,000 of profits, and 16.5% on profits exceeding that threshold[18] Market Outlook - The management anticipates a challenging market environment due to rising interest rates and geopolitical developments, emphasizing a cautious strategy[65]
透云生物(01332) - 2024 - 中期业绩