Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 105,424,000, an increase of 2.7% compared to HKD 102,657,000 for the same period last year[2]. - The loss attributable to equity holders of the company for the six months was HKD 4,811,000, compared to a loss of HKD 1,945,000 in the same period last year[3]. - Basic and diluted loss per share for continuing operations was HKD 0.5 cents, up from HKD 0.2 cents in the previous year[4]. - The company reported a gross profit of HKD 7,581,000, down from HKD 11,523,000 in the previous year[2]. - The company reported a total comprehensive loss of HKD 17,754,000 for the period, compared to a total comprehensive loss of HKD 1,375,000 in the previous year[4]. - The comprehensive loss for the six months ended June 30, 2024, was HKD 17,754,000, compared to a comprehensive loss of HKD 3,771,000 for the same period in 2023, indicating a significant increase in losses[7]. - The company reported a cumulative loss of HKD 311,514,000 as of June 30, 2024, up from HKD 275,197,000 as of June 30, 2023, representing an increase of approximately 13%[7]. - The total comprehensive loss attributable to owners for the six months ended June 30, 2024, was HKD 9,957,000, compared to HKD 3,771,000 for the same period in 2023, highlighting a worsening financial performance[7]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 732,260,000, an increase from HKD 588,504,000 as of December 31, 2023[6]. - Total liabilities increased to HKD 321,109,000 from HKD 157,462,000 as of December 31, 2023[6]. - As of June 30, 2024, the total equity amounted to HKD 411,151,000, a decrease from HKD 472,738,000 as of January 1, 2023, reflecting a decline of approximately 13%[7]. - The company’s non-current assets decreased to HKD 114,016,000 from HKD 140,422,000 as of December 31, 2023[5]. - Cash and cash equivalents as of June 30, 2024, were approximately HKD 301,516,000, an increase of about 23.0% from HKD 245,234,000 as of December 31, 2023[48]. - Trade receivables amounted to approximately HKD 171,230,000, an increase of about 12.0% compared to the previous amount as of December 31, 2023[49]. - The company’s trade payables as of June 30, 2024, totaled HKD 5,265,000, reflecting a decrease from HKD 20,528,000 at the end of the previous year[32]. Revenue Breakdown - Revenue from environmental maintenance services decreased to HKD 81,351,000, down 11% from HKD 91,318,000 year-on-year[17]. - Revenue from property leasing was HKD 996,000, a decline of 27% compared to HKD 1,364,000 in the previous year[17]. - Revenue from media advertising was HKD 3,791,000, with no revenue reported in the same period last year[17]. - Revenue from cosmetics trading increased significantly to HKD 19,142,000, compared to HKD 8,994,000 in the previous year, representing a 112% growth[17]. - The environmental maintenance business generated revenue of approximately HKD 81,351,000, a decrease of about 10.7% compared to HKD 91,318,000 in the same period last year[39]. - The media advertising business generated revenue of approximately HKD 3,791,000, with a total of 54 advertising contracts signed, expecting to achieve at least RMB 150 million in total advertising revenue for the year[40]. - Total revenue for the group was approximately HKD 105,424,000, an increase of about 2.7% compared to HKD 102,657,000 in the same period last year, primarily due to increased revenue from the cosmetics trade business[43]. Expenses and Financial Income - General and administrative expenses for the six months ended June 30, 2024, totaled HKD 12,113,000, an increase from HKD 11,240,000 in the same period of 2023[19]. - Financial income for the period was HKD 2,109,000, down from HKD 3,263,000 in the previous year[20]. - Income tax expense for the six months ended June 30, 2024, was HKD 2,280,000, compared to HKD 1,697,000 in the same period of 2023[21]. - The cost of revenue for the period was approximately HKD 97,843,000, an increase of about 7.4% compared to HKD 91,134,000 in the same period last year[44]. Corporate Actions and Governance - The company did not declare any interim dividend for the period[4]. - The company did not recommend the payment of an interim dividend for the current period, consistent with the previous year[57]. - The board approved the sale of the medical device business for RMB 22,500,000 on April 30, 2024, to mitigate losses and improve liquidity[37]. - The company sold 90% of its stake in Shanghai Youmitai Medical Technology Co., Ltd. for RMB 22,500,000, completing the sale on August 1, 2024[53]. - The company has adopted a share award scheme to recognize and reward contributions from eligible participants, with a maximum limit of 10% of the issued share capital[60]. - The company has complied with the corporate governance code throughout the interim period[65]. - The audit committee, composed of three independent non-executive directors, reviewed the interim financial results[67]. Future Outlook and Strategy - The company plans to continue expanding its media advertising and cosmetics trading businesses, exploring opportunities in high-growth sectors in China post-pandemic[61]. - The company expresses gratitude to employees, shareholders, and business partners for their continuous support and trust amid market challenges[69]. Employee Information - As of June 30, 2024, the company had 898 employees, an increase from 872 employees as of June 30, 2023[56].
网誉科技(01483) - 2024 - 中期业绩