Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 8,105,000, representing a 61.5% increase compared to HKD 5,031,000 for the same period in 2023[5] - Gross profit for the period was HKD 3,650,000, compared to HKD 5,031,000 in the previous year, indicating a decrease of 27.4%[5] - Loss before tax for the period was HKD 15,547,000, compared to a loss of HKD 13,417,000 in the same period last year, reflecting an increase in loss of 15.9%[5] - The company reported a total comprehensive loss of HKD 15,324,000 for the period, compared to HKD 13,730,000 in the previous year, an increase of 11.6%[5] - Basic and diluted loss per share was HKD 2.54, compared to HKD 2.42 for the same period in 2023[5] - Other income and gains for the period were HKD 86,000, a significant decrease from HKD 1,573,000 in the previous year[5] - The company reported a net cash outflow from operating activities of HKD 16,747 million for the six months ended June 30, 2024, compared to HKD 9,335 million for the same period in 2023[10] - The company reported a loss attributable to equity holders of approximately HKD 15,300,000 for the six months ended June 30, 2024, compared to a loss of approximately HKD 13,700,000 for the same period in 2023[51] Expenses and Liabilities - Operating and administrative expenses decreased to HKD 12,531,000 from HKD 13,743,000, a reduction of 8.8%[5] - Financing costs increased to HKD 6,843,000 from HKD 6,409,000, an increase of 6.8%[5] - The company’s total liabilities increased to HKD 104,825 million as of June 30, 2024, compared to HKD 91,252 million as of December 31, 2023, marking an increase of approximately 15.0%[8] - The company’s equity as of June 30, 2024, showed a deficit of HKD 50,128 million, worsening from a deficit of HKD 34,804 million as of December 31, 2023[8] - Total current liabilities rose significantly to HKD 20,208 million from HKD 13,196 million, an increase of approximately 53.0%[7] Assets and Cash Flow - As of June 30, 2024, total non-current assets decreased to HKD 24,712 million from HKD 27,961 million as of December 31, 2023, representing a decline of approximately 8.1%[6] - Current assets increased to HKD 29,985 million from HKD 28,752 million, showing a growth of about 4.3%[7] - Cash and cash equivalents decreased to HKD 6,387 million from HKD 11,490 million, a decline of approximately 44.4%[10] - The group recorded cash and bank balances of approximately HKD 6.4 million as of June 30, 2024, down from HKD 14.2 million as of December 31, 2023[67] Revenue Segments - Revenue from financial services increased to HKD 3,528 million from HKD 2,097 million, a rise of about 68.3%[13] - The financial services segment generated revenue of HKD 3,787 million, up from HKD 2,343 million, reflecting a growth of 61.6% year-over-year[15] - The corporate consulting business generated revenue of approximately HKD 3,400,000 for the six months ended June 30, 2024, an increase from HKD 2,300,000 in the same period of 2023[55] - The digital business segment reported a loss of HKD 6,220 million, compared to a loss of HKD 2,333 million in the previous year, indicating a significant increase in losses[15] - The digital business recorded revenue of approximately HKD 900,000 for the six months ended June 30, 2024, compared to HKD 400,000 in 2023, but incurred a segment loss of approximately HKD 6,200,000, worsening from a loss of HKD 2,300,000 in 2023[56] Strategic Initiatives - The company continues to explore new strategies for market expansion and product development to improve future performance[1] - The company’s digital business leverages blockchain, AI, and immersive technologies to create value for users and brands, indicating a strategic focus on innovation[51] - The company has entered into a put option agreement for the acquisition of NOIZChain, allowing for a potential buyback of shares, reflecting ongoing strategic expansion efforts[50] - The group is exploring significant opportunities in the entertainment and education sectors by investing in live concerts and events in Hong Kong, Macau, and Taiwan[60] - The group is strategically considering diversification into the US and other regions to expand its customer base and potentially increase revenue sources[61] Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[91] - The company has adhered to the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[90] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024, confirming compliance with applicable accounting standards[91] - The company has confirmed that all directors have complied with the trading standards throughout the reporting period[87] Shareholder Information - The total number of shares held by major shareholder Huilang is 756,261,569, which accounts for approximately 125.13% of the total issued share capital as of June 30, 2024[84] - The total number of shares held by independent directors and other qualified participants under the stock option plan is 1,816,215, with 340,540 options having expired[76] - The total number of issued shares is 604,395,612[85] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2024[88]
声扬集团(08163) - 2024 - 中期业绩