Financial Performance - For the six months ended June 30, 2024, the company reported a profit of HKD 40,693,000, an increase of 4.4% compared to HKD 38,840,000 for the same period in 2023[4] - The company's revenue for the six months ended June 30, 2024, was HKD 122,652,000, a slight decrease of 1.8% from HKD 124,920,000 in the previous year[3] - Basic earnings per share increased to HKD 5.12 for the six months ended June 30, 2024, compared to HKD 4.89 for the same period in 2023, reflecting a growth of 4.7%[3] - Total comprehensive income for the period was HKD 40,707,000, up from HKD 38,935,000 in the prior year, representing an increase of 2.0%[4] - The company's net income before tax for the reporting period was HKD 46,003,000, reflecting the overall profitability of the business[14] - The pre-tax profit for the six months ended June 30, 2024, was HKD 55,832,000, a decrease of 5.4% from HKD 58,852,000 in 2023[18] - The unaudited profit after tax for the first half of 2024 was HKD 40,700,000, an increase of 4.8% from HKD 38,800,000 in the same period last year[44] Assets and Liabilities - Non-current assets increased to HKD 42,539,000 as of June 30, 2024, compared to HKD 40,660,000 as of December 31, 2023, marking a growth of 4.6%[5] - Current assets decreased to HKD 491,952,000 as of June 30, 2024, down from HKD 504,921,000 at the end of 2023, a decline of 2.6%[5] - The company's total liabilities decreased to HKD 162,383,000 as of June 30, 2024, compared to HKD 164,477,000 at the end of 2023, a reduction of 1.3%[5] - The net asset value as of June 30, 2024, was HKD 366,887,000, down from HKD 376,204,000 at the end of 2023, indicating a decrease of 2.7%[5] - As of June 30, 2024, the total assets were HKD 534,500,000, down from HKD 545,600,000 at the end of 2023[47] - The cash and bank deposits totaled HKD 436,500,000, a slight decrease from HKD 444,700,000 at the end of 2023[46] - The company has no borrowings as of June 30, 2024, maintaining a debt-free status[47] - As of June 30, 2024, the capital and reserves attributable to shareholders amounted to HKD 366,900,000, a decrease of approximately HKD 9,300,000 from HKD 376,200,000 as of December 31, 2023[49] Revenue Segments - The electronic commerce segment generated revenue of HKD 85,211,000, while the identity management segment contributed HKD 26,157,000, and other services brought in HKD 18,454,000[14] - Total revenue for the e-commerce business increased by 7.9% year-on-year to HKD 85,200,000 in the first half of 2024, compared to HKD 79,000,000 in 2023[34] - Revenue from the GETS segment rose by 6.6% to HKD 74,600,000, up from HKD 70,000,000 in the previous year[34] - Revenue from the Supply Chain Solutions segment grew by 17.9% to HKD 10,600,000, compared to HKD 9,000,000 in 2023[34] - The identity management segment saw a decrease in revenue from HKD 29,388,000 in 2023 to HKD 22,242,000 in 2024[16] - The revenue for the other services segment in the first half of 2024 was HKD 15,200,000, a decrease of 8.4% compared to HKD 16,600,000 in 2023[41] Dividends and Shareholder Returns - The company declared dividends amounting to HKD 50,062,000 for the previous year, reflecting a significant return to shareholders[7] - The interim dividend declared was HKD 0.037 per share, consistent with the previous year's dividend[22] - The interim dividend declared for the six months ended June 30, 2024, is HKD 0.037 per share, consistent with the previous year, representing 72.3% of the profit attributable to shareholders for the period[57] Operational Strategies and Future Outlook - The company continues to explore new strategies for market expansion and product development to enhance future growth prospects[2] - The GETS business unit is expected to show positive development trends in the second half of 2024, driven by market expansion and increased overall business volume[36] - The identity management business is anticipated to significantly improve performance in the second half of 2024 due to rising market demand for compliance solutions[40] - The company is developing new products to address increasing cybersecurity threats and mobile security issues, with expectations to launch these products later in the year[40] - New orders have been successfully obtained in the supply chain application business, indicating a better outlook for the second half of 2024[37] - The company is confident in the overall outlook for the electronic commerce segment for the full year 2024, barring any major global economic disasters[37] Corporate Governance and Compliance - The company’s accounting policies remain consistent with those used in the annual financial statements for the year ended December 31, 2023, with no significant impact from the new accounting standards adopted[10] - The company has not adopted any new accounting standards or interpretations that are not yet effective during the reporting period[10] - The company confirmed compliance with all applicable corporate governance codes during the reporting period[53] - The board of directors held four meetings during the six months ended June 30, 2024, with full attendance from the chairman and non-executive directors[55] Employee and Cost Management - Employee costs totaled HKD 54,267,000, down 4.7% from HKD 56,964,000 in the previous year[18] - The group employed 233 employees as of June 30, 2024, down from 244 employees as of June 30, 2023, with employee costs for the period totaling HKD 55,800,000, compared to HKD 58,900,000 in the previous year[52] Miscellaneous - The company issued 6,800,000 stock options under the 2014 Stock Option Plan at a price of HKD 1.00 each[33] - The group did not purchase, sell, or redeem any of its listed securities during the reporting period[58] - The external auditor reviewed the interim financial report, although it was not audited[57] - The mid-term report for the six months ending June 30, 2024, will be published within the regulatory deadline and available on the company's website and the Hong Kong Stock Exchange news site[60]
贸易通(00536) - 2024 - 中期业绩