Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 149,889, a decrease of 3.8% compared to HKD 154,759 for the same period in 2023[2] - The operating profit for the same period was HKD 8,617, down 22.9% from HKD 11,186 in 2023[2] - The net profit attributable to equity shareholders was HKD 7,231, a decrease of 19.9% from HKD 9,031 in the previous year[2] - Basic and diluted earnings per share were HKD 1.44, down from HKD 1.80 in 2023, representing a decline of 20%[2] - The group reported a pre-tax profit of HKD 8,408 for the six months ended June 30, 2024, compared to HKD 10,469 for the same period in 2023, reflecting a decrease of approximately 20%[12][14] - The group recorded a profit of approximately HKD 7 million for the six months ended June 30, 2024, a decrease of about 22.0% compared to the previous period[34] Revenue Breakdown - Supply chain management services revenue for the six months ended June 30, 2024, was HKD 73,210, a decrease of 5% from HKD 77,123 in the same period of 2023[10] - Marketing planning and sales revenue for the six months ended June 30, 2024, was HKD 76,679, down 1% from HKD 77,636 in the same period of 2023[10] - Revenue from supply chain management services fell by about 5.1%, from HKD 77.1 million to HKD 73.2 million during the same period[30] - Revenue from marketing and sales services decreased by approximately 1.2%, from HKD 77.6 million to HKD 76.7 million, attributed to a decline in demand for disinfectant products and more conservative consumer spending[30] Cash Flow and Assets - Cash generated from operating activities increased significantly to HKD 71,847, compared to HKD 25,673 in the prior year, marking an increase of 179.5%[6] - Total assets decreased to HKD 283,808 from HKD 296,737 as of December 31, 2023, reflecting a decline of 4.4%[3] - Current assets net value was HKD 57,812, down from HKD 83,510 in the previous year, indicating a decrease of 30.8%[4] - The company’s cash and cash equivalents increased to HKD 67,164 from HKD 42,524, showing a growth of 57.9%[6] - As of June 30, 2024, the company's net current assets were approximately HKD 57,800,000, with cash and cash equivalents of about HKD 67,200,000, compared to HKD 83,500,000 and HKD 38,000,000 respectively as of December 31, 2023[36] Equity and Dividends - The company’s total equity attributable to equity shareholders decreased to HKD 109,171 from HKD 111,977, a decline of 2.5%[4] - The company declared a special dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, compared to HKD 0.03 per share and HKD 15,056,000 for the previous year[18] - The company plans to pay an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, compared to no interim dividend for the previous period[18] Expenses and Liabilities - Total income tax expense for the six months ended June 30, 2024, was HKD 1,359, slightly lower than HKD 1,428 for the same period in 2023[17] - The group incurred legal and professional fees of HKD 985 for the six months ended June 30, 2024, an increase from HKD 892 in the same period of 2023[16] - Other expenses increased by approximately 9.6%, from HKD 7.4 million to HKD 8.1 million, primarily due to increased general office and administrative costs in marketing and sales services[32] Market Conditions and Strategy - The local GDP in Hong Kong increased by 3.3% year-on-year as of Q2 2024, while the retail sales value index dropped by 9.7%[27] - Macau's retail sales value decreased by 23.1% year-on-year as of Q2 2024[27] - The management remains cautious about the group's performance in the second half of 2024 due to potential ongoing global economic recession[29] - The company plans to continue focusing on supply chain management services and market planning and sales, with no specific new product launches or acquisitions mentioned in the report[7] - The group has established a new subsidiary in Hong Kong for marketing and sales services, indicating a commitment to growth despite market challenges[28] - The group is focusing on expanding its cold chain business through collaboration with a European multinational food and beverage processing group[28] Shareholder Information - The company’s major shareholders include individuals with significant holdings, such as Mr. Yang with 97,200,000 shares, representing 19.37% of the issued share capital[46] - Best Matrix Global Limited holds 143,796,000 shares, representing 28.65% of the company's issued share capital[49] - Leader Speed Limited owns 76,060,000 shares, accounting for 15.16% of the company's issued share capital[49] - Orange Blossom International Limited has 82,088,000 shares, which is 16.36% of the company's issued share capital[49] - Ms. Lo Wai Yi, as a spouse, holds 97,200,000 shares, equating to 19.37% of the company's issued share capital[49] - Ms. Chan Pik San, as a spouse, owns 147,764,000 shares, representing 29.44% of the company's issued share capital[49] - Ms. Wong Su Fung, as a spouse, holds 81,912,000 shares, which is 16.32% of the company's issued share capital[49] Corporate Governance - The company has established an audit committee to ensure effective internal controls and risk management[55] - The company believes that the board, composed of experienced and capable individuals, ensures a balance of power and authority[54] - There are no significant contracts in which the company's directors have a direct or indirect material interest as of June 30, 2024[52] - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or any other entity during the six months ending June 30, 2024[51] Accounting and Compliance - The group has not applied any new accounting standards or interpretations that have not yet come into effect during the accounting period[9] - The group expects to reflect changes in accounting policies in the annual financial statements for the year ending December 31, 2024[9] - The company confirmed new right-of-use assets and lease liabilities of approximately HKD 69,000,000 related to lease agreements renewed on June 20, 2024[41] Employment and Workforce - The company employed 191 full-time employees as of June 30, 2024, down from 206 as of December 31, 2023[42]
环宇物流(亚洲)(06083) - 2024 - 中期业绩