Financial Performance - The company reported a revenue of HKD 2,968,000 for the six months ended June 30, 2024, representing a 71.2% increase from HKD 1,735,000 in the same period of 2023[2] - Gross profit for the period was HKD 1,549,000, compared to HKD 694,000 in the previous year, indicating a significant improvement in profitability[2] - The operating loss decreased to HKD 3,167,000 from HKD 7,112,000 year-on-year, reflecting better cost management[2] - The total comprehensive loss for the period was HKD 14,250,000, an improvement from HKD 29,858,000 in the prior year[3] - The net loss attributable to the owners of the company was HKD 10,632,000, compared to HKD 28,756,000 in the same period last year[3] - The company reported a basic and diluted loss per share of HKD 1.38, an improvement from HKD 2.81 in the previous year[3] - The company reported a loss attributable to shareholders of approximately HKD 8,400,000 for the six months ended June 30, 2024, compared to HKD 14,800,000 in the previous year[31] Assets and Liabilities - The company's total assets decreased to HKD 17,637,000 as of June 30, 2024, down from HKD 27,554,000 at the end of 2023[4] - Current liabilities increased to HKD 32,377,000 from HKD 24,902,000, indicating a rise in short-term financial obligations[4] - The company’s total equity decreased to HKD 158,968,000 from HKD 144,718,000, reflecting ongoing financial challenges[4] - The company’s total equity as of June 30, 2024, was HKD 206,916,000, an increase from HKD 200,345,000 as of January 1, 2023[6] - As of June 30, 2024, the total amount of secured borrowings was approximately HKD 128.1 million, down from HKD 131.2 million as of December 31, 2023, with an interest rate of 18%[33] Cash Flow - Cash and cash equivalents decreased to HKD 9,707,000 from HKD 12,003,000, indicating a reduction in liquidity[4] - The net cash used in operating activities for the six months ended June 30, 2024, was HKD 2,539,000, a significant improvement from a net cash outflow of HKD 9,663,000 in the same period of 2023[7] - The company’s financing activities generated a net cash outflow of HKD 2,193,000 for the six months ended June 30, 2024, compared to a net inflow of HKD 13,157,000 in the same period of 2023[7] Operational Efficiency - Sales and distribution costs for the six months ended June 30, 2024, were approximately HKD 200,000, a decrease of 81.9% from HKD 1,100,000 in the previous year[31] - Administrative expenses for the same period were approximately HKD 4,200,000, down 52% from HKD 8,800,000 in the previous year, primarily due to reduced R&D and employee costs[31] - The company recorded a gross loss of HKD 1,088,000 in employee costs for the six months ended June 30, 2024, compared to HKD 3,975,000 in the same period of 2023[13] - The company’s total employee cost for the six months ended June 30, 2024, was approximately HKD 1.2 million, significantly reduced from HKD 4 million for the same period in 2023[37] - The company employed 12 employees as of June 30, 2024, down from 33 employees a year earlier[37] Corporate Governance - The company has adopted its own code of conduct for securities trading applicable to all directors and relevant employees, confirming compliance for the six months ending June 30, 2024[43] - The audit committee, consisting of three independent non-executive directors, has reviewed the group's unaudited interim results for the six months ending June 30, 2024[46] - The company has maintained high standards of corporate governance, ensuring compliance with GEM Listing Rules Appendix C1 throughout the six months ending June 30, 2024[47] - The roles of the chairman and CEO are clearly defined and separated, with the chairman currently being Mr. Su Zhenhui, while the search for a suitable CEO is ongoing[48] - Following the resignation of a board member, the company’s board has become single-gender, failing to meet the diversity requirements under GEM Listing Rule 17.104, and will appoint a suitable candidate within three months[49] Market Outlook - The outlook for the robotics industry indicates a significant growth potential, with the Chinese intelligent robotics market expected to approach RMB 100 billion by 2025[40] - The company continues to develop and improve its robot products, with a focus on commercial patrol robots and special-purpose robots for government agencies[30] Related Party Transactions - The total amount of related party transactions for the sale of robotic equipment and intelligent project services was approximately RMB 523,000 (about HKD 566,000) during the period[32] Shareholder Information - Major shareholders include Mr. Su Zhitun, holding approximately 24.93% of the company's shares, and Rongke Holdings Group Limited, holding about 21.44%[41] - The average number of ordinary shares for the calculation of basic and diluted loss per share increased to 607,464 thousand shares from 527,475 thousand shares year-on-year[16] Dividend Policy - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with no dividend declared for the same period in 2023[15] Investment Activities - The company did not engage in any significant investments or acquisitions of subsidiaries, associates, or joint ventures during the six months ended June 30, 2024[38][39] - The company did not acquire any properties, plants, or equipment during the six months ended June 30, 2024, consistent with the previous year[17] Risk Management - The company has no foreign currency derivatives to hedge foreign exchange risks but closely monitors these risks[36]
超人智能(08176) - 2024 - 中期业绩