Financial Performance - For the six months ended June 30, 2024, the Group's revenue decreased by approximately 6.3% to approximately HK$29,930,000 compared to HK$31,932,000 in 2023[7]. - Gross profit for the same period was approximately HK$5,521,000, a decrease of 10.9% from HK$6,199,000 in 2023[7]. - The loss attributable to owners of the Company for the period was approximately HK$28,162,000, an increase of 32.5% from HK$21,251,000 in 2023, primarily due to provisions for expected credit loss on loans and interest receivables[7]. - The loss before income tax for the period was approximately HK$28,403,000, compared to HK$21,324,000 in 2023[10]. - Total comprehensive income for the six months ended June 30, 2024, was a loss of HK$29,771,000, compared to a loss of HK$23,962,000 in the same period of 2023[11]. - Basic and diluted loss per share for the period was HK$1.27, compared to HK$1.06 in the previous year, indicating a deterioration in earnings per share[11]. Segment Performance - Apparel operations recorded a gross profit of approximately HK$464,000, down from HK$1,836,000 in 2023[7]. - Money lending operations earned a gross profit of approximately HK$3,056,000, compared to HK$4,124,000 in 2023[7]. - IP application and products operations recorded a gross profit of approximately HK$2,001,000, up from HK$239,000 in 2023[7]. - The company reported a total segment loss of HK$12,700,000 for the six months ended June 30, 2024, compared to a loss of HK$7,915,000 in the money lending services segment, indicating a worsening performance[25]. Cash Flow and Liquidity - For the six months ended June 30, 2024, the company reported a net cash used in operating activities of HK$50,031,000, compared to HK$29,041,000 in the same period of 2023, representing an increase of 72.5%[15]. - Cash and cash equivalents at the end of the period decreased to HK$8,320,000 from HK$24,340,000 at the end of the same period in 2023, reflecting a decline of 65.8%[15]. - The company experienced a net decrease in cash and cash equivalents of HK$21,664,000 for the reporting period, compared to a decrease of HK$25,360,000 in the previous year, showing an improvement of 14.3%[15]. Assets and Liabilities - Current assets increased to HK$197,518,000 as of June 30, 2024, from HK$162,923,000 at the end of 2023, representing a growth of approximately 21.2%[12]. - Total liabilities as of June 30, 2024, were HK$91,931,000, including segment liabilities of HK$43,520,000[28]. - Non-current liabilities decreased significantly to HK$1,403,000 from HK$26,425,000, indicating a reduction of approximately 94.7%[13]. - The total trade payables increased to HK$24,404,000 as of June 30, 2024, from HK$7,743,000 as of December 31, 2023, showing a substantial increase of 215.5%[84]. Expenses - Administrative expenses decreased to approximately HK$22,023,000 from HK$33,144,000 in 2023[10]. - Selling and distribution expenses for the six months ended June 30, 2024, were approximately HK$1,533,000, a decrease of 12.0% from HK$1,743,000 in 2023, representing 5.1% of revenue[140]. - Finance costs increased by 1.8% to approximately HK$3,315,000 for the six months ended June 30, 2024, compared to HK$3,257,000 in 2023[144]. Share Capital and Financing - The total share capital increased to HK$24,953,000 as of June 30, 2024, from HK$21,371,000 at the end of 2023, indicating a growth of 16.1%[94]. - The total outstanding shares increased to 2,495,276,324 as of June 30, 2024, from 2,137,076,324 at the end of 2023, an increase of 16.8%[94]. - The Company issued 28,200,000 new ordinary shares at HK$0.126 per share on March 4, 2024, and 330,000,000 shares at HK$0.1 per share on May 30, 2024[95]. Corporate Governance and Compliance - The Audit Committee reviewed the unaudited interim condensed consolidated financial information for the six months ended June 30, 2024[194]. - The Company complied with the Corporate Governance Code during the reporting period, with a noted deviation regarding the separation of the roles of chairman and chief executive officer[195].
天机控股(01520) - 2024 - 中期业绩