Financial Performance - The company's revenue for the first half of 2024 was approximately 66.5 million THB, a decrease of about 66.7% compared to 199.4 million THB in the first half of 2023[1] - The net profit for the first half of 2024 was approximately 1.2 million THB, compared to a net profit of approximately 0.9 million THB in the first half of 2023[2] - Gross profit for the first half of 2024 was 16.5 million THB, down from 40.3 million THB in the same period last year, reflecting a significant decline in revenue[2] - The basic and diluted earnings per share for the first half of 2024 were 0.20 THB, slightly down from 0.22 THB in the same period last year[2] - The company reported a gross margin of approximately 24.8% for the first half of 2024, compared to 20.2% in the first half of 2023[2] - The company reported a net loss of 231,892 thousand Thai Baht for the six months ended June 30, 2024, compared to a net loss of 233,093 thousand Thai Baht for the same period in 2023[7] - The company incurred a net cash outflow of 18,018 thousand Thai Baht from financing activities for the six months ended June 30, 2024, compared to a net outflow of 7,595 thousand Thai Baht in the same period of 2023[9] - The company did not propose an interim dividend for the six months ended June 30, 2024, consistent with the same period in 2023[22] Assets and Liabilities - The company's total assets as of June 30, 2024, were 818.3 million THB, compared to 951.9 million THB as of December 31, 2023[3] - The total liabilities for the company as of June 30, 2024, were 339.6 million THB, down from 474.4 million THB in the previous year[4] - As of June 30, 2024, the total equity amounted to 478,690 thousand Thai Baht, a slight increase from 477,489 thousand Thai Baht as of January 1, 2024[7] - The company's cash and cash equivalents amounted to 82.1 million THB as of June 30, 2024, compared to 80.2 million THB at the end of 2023[3] - Trade receivables decreased to 100.8 million THB as of June 30, 2024, from 209.7 million THB at the end of 2023[3] - The company's total trade payables aged over three months increased to 135,346,000 THB as of June 30, 2024, compared to 105,362,000 THB as of December 31, 2023, representing an increase of approximately 28.5%[36] - The company's lease liabilities as of June 30, 2024, amount to THB 7,688,000, down from THB 11,336,000 as of June 30, 2023[29] Cash Flow and Financing - Cash flow from operating activities for the six months ended June 30, 2024, was 21,597 thousand Thai Baht, a decrease from 21,982 thousand Thai Baht in the previous year[9] - The cash and cash equivalents decreased by 3,063 thousand Thai Baht as of June 30, 2024, compared to an increase of 32,075 thousand Thai Baht in the previous year[10] - The net amount of bank and other borrowings decreased by approximately 33.3 million THB to about 381.6 million THB as of June 30, 2024, compared to 414.9 million THB as of December 31, 2023[65] - The total minimum lease receivables for the year ending June 30, 2024, is projected to be THB 52,348,000, while the present value of receivables for the year ending December 31, 2023, is THB 75,398,000[26] Operational Highlights - The company has plans for market expansion and new product development in the upcoming quarters to improve performance[1] - The company has established significant projects since its inception in 2004, including the BAAC ATM project and a tsunami detection system[51] - The company expanded its customer base into rural areas of Thailand through various ATM and passbook projects[51] - The project for Customer F includes setting up 2,900 ATMs and 790 passbook machines from 2020 to 2025, providing operational support and maintenance services[84] Governance and Compliance - The audit committee has reviewed the unaudited consolidated interim financial statements for the six months ending June 30, 2024, and believes they comply with relevant accounting standards[82] - The company has maintained high standards of corporate governance and has adhered to all applicable governance codes[79] - The company has established an audit committee responsible for overseeing financial reporting and internal control measures[82] Shareholder and Market Activities - The company successfully placed 80,000,000 shares at a price of 0.375 HKD per share, raising a total of 30 million HKD, with a net amount of approximately 28.8 million HKD after expenses[45] - The net proceeds from the share placement will be used for general working capital[45] - The company raised approximately 20.0 million HKD from a rights issue completed on September 14, 2023, with a net amount of about 19.0 million HKD after expenses[67] Employee and Labor Costs - The total remuneration for key management personnel amounted to 7,759,000 THB for the six months ending June 30, 2024, down from 9,031,000 THB for the same period in 2023[48] - The labor cost, including salaries, bonuses, social insurance, and provident fund, was approximately 20.7 million THB, representing 31.1% of the group's revenue for the six months ended June 30, 2024[72] - As of June 30, 2024, the group had 57 employees, a decrease from 60 employees as of December 31, 2023[72]
PLATT NERA(01949) - 2024 - 中期业绩