Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 147.05 million, a decrease of about HKD 6.04 million or 4% compared to HKD 153.09 million for the same period last year[1]. - The net loss attributable to shareholders for the six months ended June 30, 2024, was approximately HKD 40.6 million, a decrease of about HKD 0.99 million from HKD 41.59 million for the same period last year[1]. - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.74, compared to HKD 0.75 for the same period last year[1]. - The gross profit for the six months ended June 30, 2024, was HKD 12.31 million, an increase from HKD 10.66 million for the same period last year[2]. - The company reported a total comprehensive loss of HKD 69.23 million for the six months ended June 30, 2024, compared to HKD 95.59 million for the same period last year[3]. - The company reported a loss before tax of HKD 41,115,000 for the six months ended June 30, 2024, compared to a loss of HKD 51,459,000 in 2023[18]. - The net loss attributable to shareholders for the six months ended June 30, 2024, was HKD 40,595,000, compared to a loss of HKD 41,592,000 for the same period in 2023[21]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 147,049,000, a decrease of 3.4% from HKD 153,091,000 in 2023[12]. - Water supply and related services revenue was HKD 132,560,000, down from HKD 135,320,000, reflecting a decline of 2.0%[12]. - Rental and property management service revenue decreased to HKD 12,001,000 from HKD 14,595,000, a drop of 17.8%[12]. - The financial services segment reported revenue of approximately HKD 34,000, a significant decrease of 82% compared to HKD 187,000 in the same period last year, due to poor performance in the Hong Kong stock market[46]. Cash and Assets - Cash and cash equivalents as of June 30, 2024, were HKD 112.20 million, down from HKD 233.85 million as of June 30, 2023[6]. - The total assets less current liabilities as of June 30, 2024, were HKD 1,147.90 million, compared to HKD 1,257.29 million as of December 31, 2023[5]. - The company has unutilized bank financing of HKD 439,277,000 as of June 30, 2024[11]. - The company's total equity attributable to shareholders was HKD 744,258,000 as of June 30, 2024[7]. - The fair value of investment properties decreased by HKD 32,590,000 during the period, resulting in a net value of HKD 588,708,000 as of June 30, 2024[24]. Liabilities and Financial Position - As of June 30, 2024, the company's current liabilities net amount to HKD 302,006,000[11]. - The company's accumulated losses amounted to HKD 583,552,000 as of June 30, 2024[7]. - The total liabilities to total assets ratio increased to 71% on June 30, 2024, compared to 69% on December 31, 2023[76]. - The company has a total of HKD 817,075,000 in secured bank loans as of June 30, 2024, down from HKD 866,798,000 as of December 31, 2023[38]. Dividends and Share Capital - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. - The company's issued and paid-up share capital remains at HKD 55,130,000, with 5,513,000,000 shares as of June 30, 2024[41]. Operational Insights - The group plans to continue focusing on property investment and development in China and overseas, seeking potential investment opportunities to increase recurring income and achieve capital appreciation[47]. - The group anticipates that the water supply and property investment and development businesses will continue to provide stable income sources[48]. - The group is committed to maintaining high corporate governance standards and effective management systems to enhance competitiveness and long-term shareholder returns[48]. Audit and Governance - The independent review report for the interim results has been conducted by the auditor without any modifications, confirming the group's financial standing[86]. - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting process and risk management systems[87]. - The interim financial report for the six months ending June 30, 2024, has not been audited but has been reviewed by the company's auditor[87].
环球实业科技(01026) - 2024 - 中期业绩