Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 524,725,000, representing a 25.5% increase from HKD 418,094,000 in the same period of 2023[2]. - The net loss attributable to equity holders for the period was HKD 231,540,000, compared to a net loss of HKD 338,939,000 in the prior year, indicating a 31.7% improvement[2][3]. - The basic and diluted loss per share for the period was HKD 45.62, down from HKD 74.34 in the same period last year, reflecting a 38.6% reduction in loss per share[2]. - The adjusted loss before tax for the six months ended June 30, 2024, was HKD 231,520,000, compared to a loss of HKD 337,962,000 for the same period in 2023[12]. - The company reported a net loss attributable to shareholders of HKD 231,540,000 for the six months ended June 30, 2024, compared to a net loss of HKD 338,939,000 for the same period in 2023, representing a decrease in loss of approximately 31.7%[21]. - The company reported a total tax expense of HKD 20,000 for the six months ended June 30, 2024, compared to HKD 977,000 in the same period of 2023, indicating a significant reduction in tax liabilities[19]. Assets and Liabilities - Total non-current assets decreased to HKD 7,729,365,000 from HKD 8,358,982,000, a decline of 7.5%[4]. - Current assets totaled HKD 745,239,000, down from HKD 842,086,000, representing a 11.5% decrease[4]. - Total liabilities increased significantly, with current liabilities rising to HKD 1,655,515,000 from HKD 312,553,000, indicating a substantial increase in financial obligations[5]. - The company's total equity decreased to HKD 6,757,069,000 from HKD 7,405,721,000, a decline of 8.7%[5]. - As of June 30, 2024, the company's net asset value was approximately HKD 6,757,069,000, down from HKD 7,405,721,000 as of December 31, 2023[40]. - The current ratio decreased to 0.45 as of June 30, 2024, compared to 2.69 as of December 31, 2023, primarily due to reclassification of bank loans[46]. - The total liabilities of the group were approximately HKD 1,717,535,000 as of June 30, 2024, down from HKD 1,795,347,000 as of December 31, 2023[46]. Revenue Segments - For the six months ended June 30, 2024, total revenue from the integrated resort development segment was HKD 265,318,000, while the gaming business generated HKD 114,871,000[12]. - Non-gaming revenue for the same period was approximately HKD 409,854,000, while gaming revenue was approximately HKD 114,871,000, compared to HKD 394,290,000 and HKD 23,804,000 respectively in the previous year[40]. - The integrated resort development segment reported revenue of approximately HKD 339,336,000, a decrease of about 2% compared to HKD 347,838,000 in the same period of 2023[42]. - The gaming business segment recorded net revenue of approximately HKD 114,871,000, representing a significant increase of over 380% compared to HKD 23,804,000 in the same period of 2023[43]. - The property development segment achieved a profit of approximately HKD 30,930,000, a substantial increase of 92% compared to HKD 16,153,000 in the same period of 2023[44]. Cash Flow and Financing - The bank loan balance as of June 30, 2024, was HKD 1,359,415,000, which is due within one year[9]. - The company expects to refinance the bank loans maturing in June 2025, ensuring sufficient operating capital for the foreseeable future[9]. - The company is in discussions for refinancing existing bank loans maturing in June 2025, with new financing expected to be implemented in 2024[56]. - The company plans to utilize the proceeds from the rights issue for general working capital and specific operational enhancements[52]. - The company has maintained a focus on ensuring sufficient liquidity to meet operational needs through a combination of internal resources and financing options[56]. Operational Focus and Strategy - The company continues to focus on the development and operation of integrated leisure and entertainment resorts, as well as property development, as part of its strategic direction[6]. - The group plans to continue upgrading facilities and improving services to enhance performance in the competitive market[45]. - The group is exploring opportunities to effectively utilize land at Jeju Shinhwa World to expand revenue sources in the long term[45]. - The group remains cautious regarding capital commitments and will act prudently in future development and investment plans to maintain liquidity[45]. - The group anticipates that an increase in designated flights and routes to Jeju will significantly improve business performance[45]. Employee and Operational Metrics - As of June 30, 2024, the group had approximately 1,531 employees, with total employee costs amounting to approximately HKD 263,912,000, compared to HKD 255,864,000 for the six months ended June 30, 2023[58]. Shareholder Information - The company has issued 507,150,231 shares as of June 30, 2024, with a par value of HKD 0.01 per share[33]. - Following a rights issue on July 23, 2024, the company raised approximately HKD 263,718,000 by issuing 1,014,300,462 shares at HKD 0.26 per share, increasing its issued share capital to approximately HKD 15,215,000[38]. - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[20]. Miscellaneous - The company did not adopt any new accounting standards that would have a significant financial impact on the interim financial data[11]. - The independent auditor's review concluded that there were no matters that caused them to believe the interim financial information was not prepared in accordance with Hong Kong Accounting Standard 34[63]. - The group has no significant events after the reporting period that would materially affect its operations and financial performance[62].
神话世界(00582) - 2024 - 中期业绩