Financial Performance - Revenue for the six months ended June 30, 2024, was HK$22,397,000, a decrease of 23.5% compared to HK$29,269,000 in the same period of 2023[5]. - Gross profit for the same period was HK$10,939,000, down 41.6% from HK$18,694,000 in 2023[5]. - Loss for the period was HK$9,888,000, slightly improved from a loss of HK$10,683,000 in the prior year, representing a decrease of 7.4%[6]. - Total comprehensive income for the period was HK$9,938,000, compared to HK$10,620,000 in 2023, indicating a decrease of 6.4%[5]. - Basic and diluted loss per share for the period was HK$6.34, compared to HK$6.24 in the same period of 2023[7]. - The company reported a loss for the period of HK$9,888,000 for the six months ended June 30, 2024, compared to a loss of HK$10,614,000 for the same period in 2023, showing a slight improvement[12]. - The group reported a total segment loss of HK$3,513,000 for the six months ended June 30, 2024, compared to a profit of HK$2,590,000 for the same period in 2023, marking a significant turnaround[26]. - The Group recorded a net loss after tax of approximately HK$9,888,000 for the Period, a decrease from approximately HK$10,683,000 in the six months ended 30 June 2023[75]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HK$21,475,000, a decrease from HK$28,705,000 in the same period of 2023, representing a decline of approximately 25.4%[22]. - Revenue from sales of technology software systems was HK$1,021,000, down from HK$2,746,000 in 2023, indicating a decrease of about 62.8%[22]. - Revenue from software licensing fees amounted to HK$9,571,000, compared to HK$11,058,000 in 2023, reflecting a decline of approximately 13.4%[22]. - Revenue from the money lending business increased by approximately 63.5% to HK$922,000, up from HK$564,000 in the same period last year[60]. - The Group's financial trading software solutions generated revenue of HK$21,475,000 for the six months ended June 30, 2024, compared to HK$28,705,000 in 2023, marking a decrease of approximately 25.4%[23]. Expenses and Costs - Administrative expenses were HK$18,323,000, down 30.9% from HK$26,531,000 in the previous year[5]. - Staff costs for the six months ended June 30, 2024, amounted to HK$18,179,000, a decrease of 15.5% from HK$21,574,000 in the same period of 2023[32]. - The company incurred finance costs of HK$148,000 for the six months ended June 30, 2024, compared to HK$177,000 in the same period of 2023[31]. Assets and Liabilities - As of June 30, 2024, total net assets increased to HK$54,109,000 from HK$37,536,000 as of December 31, 2023, representing a growth of approximately 44.1%[10]. - Total assets less current liabilities rose to HK$56,099,000 as of June 30, 2024, up from HK$39,707,000 at the end of 2023, reflecting an increase of approximately 41.3%[9]. - Consolidated total assets increased to HK$83,186,000 as of June 30, 2024, up from HK$68,597,000 as of December 31, 2023, representing a growth of 21.2%[27]. - Consolidated total liabilities decreased to HK$29,077,000 as of June 30, 2024, down from HK$31,061,000 as of December 31, 2023, a reduction of 6.4%[27]. - The company's accrued expenses and other payables as of June 30, 2024, totaled HK$12,416,000, down from HK$16,303,000 as of December 31, 2023, a decrease of about 23.8%[45]. Cash Flow and Financing - The company reported net cash used in operating activities of HK$9,493,000 for the six months ended June 30, 2024, compared to HK$5,795,000 for the same period in 2023, indicating a decline in cash flow from operations[13]. - Cash and cash equivalents at the end of the period stood at HK$23,369,000, up from HK$17,109,000 at the end of June 2023, marking an increase of approximately 36.5%[13]. - The company issued shares through a rights issue, raising HK$26,511,000 during the period, contributing to the increase in equity[12]. - The Group raised approximately HK$27.98 million through a Rights Issue, issuing up to 378,174,702 new ordinary shares at a subscription price of HK$0.074 per share[80][82]. Shareholder Information - As of June 30, 2024, Ms. Tin Yat Yu Carol held 145,868,000 shares, representing approximately 28.93% of the total issued shares of the Company[98]. - The total number of issued shares of the Company as of June 30, 2024, was 504,232,936 shares[98]. - The Company did not recommend any dividend for the six months ended June 30, 2024, consistent with the same period in 2023[34]. Governance and Compliance - The Audit Committee reviewed the unaudited condensed consolidated results and confirmed compliance with applicable accounting standards and adequate disclosures[104]. - The Company complied with all applicable code provisions in the Corporate Governance Code during the reporting period[102]. - The Company has adopted a code of conduct for securities transactions by Directors, which all Directors confirmed compliance with[102]. Future Outlook and Strategy - The Group aims to diversify its income sources by seeking opportunities in IT services related to artificial intelligence, blockchain technology, and application development[59]. - The Group will continue to focus on improving operational efficiency and maintaining competitiveness in the financial trading software solutions market[58]. - The Group will actively explore suitable investment opportunities while balancing risks and opportunities to generate returns for shareholders[97].
汇财金融投资(08018) - 2024 - 中期财报