Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 13,882,000, representing an increase of 10.3% from HKD 12,591,000 in the same period of 2023[3] - Gross profit decreased to HKD 2,597,000, down 19.2% from HKD 3,213,000 year-on-year[3] - Loss attributable to owners of the company for the period was HKD 482,000, compared to a loss of HKD 38,000 in the same period last year[3] - The basic and diluted loss per share was HKD 0.4, compared to HKD 0.1 for the same period in 2023[3] - The company recorded a pre-tax loss of HKD 158,000 for the period, compared to a pre-tax profit of HKD 263,000 in the same period last year[9] - The group recorded a consolidated loss attributable to shareholders of HKD 500,000 (2023: HKD 40,000), with a basic and diluted loss per share of HKD 0.4 cents (2023: HKD 0.1 cents)[23] Assets and Liabilities - The total assets less current liabilities amounted to HKD 20,746,000 as of June 30, 2024, down from HKD 21,428,000 at the end of 2023[5] - As of June 30, 2023, total assets amounted to HKD 29,017 million, with allocated assets of HKD 20,092 million across various segments[10] - The company reported a total liability of HKD 8,271 million as of June 30, 2023, with segment liabilities totaling HKD 7,109 million[10] - As of June 30, 2024, total assets were HKD 29,000,000 (December 31, 2023: HKD 27,000,000) and total liabilities were HKD 8,300,000 (December 31, 2023: HKD 5,600,000)[25] Revenue Segmentation - The home goods segment generated revenue of HKD 9,792,000, a substantial increase from HKD 4,351,000 in the previous year[9] - Revenue from external customers in Hong Kong increased to HKD 4,090 million for the six months ended June 30, 2024, compared to HKD 2,410 million in the same period of 2023[10] - Revenue from the People's Republic of China and the United States reached HKD 13,882 million for the six months ended June 30, 2024, up from HKD 12,591 million in the previous year[10] Expenses - Administrative expenses decreased to HKD 2,734,000 from HKD 3,082,000 year-on-year, reflecting a reduction of 11.3%[3] - Employee costs (excluding directors' remuneration) rose to HKD 908 million for the six months ended June 30, 2024, compared to HKD 611 million in the same period of 2023[12] Cash Flow - The net cash outflow from operating activities was HKD 7,400,000 (2023: HKD 800,000), resulting in a total net cash outflow of HKD 7,600,000 (2023: HKD 900,000)[24] Corporate Governance - The company has established an audit committee composed of three independent non-executive directors to ensure the accuracy and fairness of financial reporting[46] - The audit committee has reviewed the unaudited condensed interim results for the reporting period and believes they have been prepared in accordance with applicable accounting standards and GEM listing rules, ensuring full disclosure[47] - The board of directors includes executive directors and independent non-executive directors, indicating a diverse governance structure[47] - The company secretary is responsible for the announcement, reflecting the importance of corporate governance[47] Shareholder Information - Major shareholders include Mr. Jin Guangwu with a 29.8% stake and Rising Sun Investment Limited with a 9.9% stake in the company[31] - The company has adopted two share plans: the Share Option Plan and the Share Award Plan, both effective from January 1, 2023, with a total of 2,846,716 shares available for grant as of June 30, 2024, representing 10% of the issued shares as of June 30, 2023[32] - The maximum number of shares that can be issued under the Share Option Plan to service providers is capped at 284,671 shares, which is 1% of the issued shares as of June 30, 2023[34] Future Outlook - The outlook remains uncertain due to global economic challenges, including the US-China conflict and high global interest rates[26] - The group aims to achieve sustainable profit growth by actively responding to market volatility and seizing suitable business opportunities[26] Miscellaneous - The company has not reported any new product developments or market expansions during this period[3] - The company did not acquire any property, plant, or equipment during the reporting period, consistent with the previous year[15] - The company has not proposed any interim dividend for the reporting period, similar to the previous year[14] - There were no significant events after the reporting period that would impact the financial results[22] - The company has not engaged in any business that competes or may compete with its group during the reporting period[43] - The company will maintain its website for public access to the announcement, promoting stakeholder engagement[47] - The announcement date is August 27, 2024, indicating the timeliness of the financial reporting[47]
曼妠(08186) - 2024 - 中期业绩