Financial Performance - The company reported a revenue of HKD 28,283,000 for the six months ended June 30, 2024, a decrease of 30.9% compared to HKD 41,012,000 in the same period of 2023[1]. - The gross loss for the period was HKD 21,374,000, compared to a gross loss of HKD 40,263,000 in the previous year, indicating an improvement[1]. - The net loss attributable to the owners of the company was HKD 26,039,000, a reduction from HKD 38,958,000 in the prior year, reflecting a 33.5% decrease in losses[2]. - The basic and diluted loss per share was HKD 0.08, compared to HKD 0.13 in the same period last year, showing a 38.5% improvement[2]. - Total comprehensive loss for the period was HKD 26,540,000, down from HKD 43,379,000 in the previous year, representing a 38.8% decrease[3]. - The company reported a net loss of approximately HKD 25,431,000 for the six months ended June 30, 2024, compared to a net loss of HKD 39,284,000 for the same period in 2023[8]. - The group reported a loss attributable to owners of the company of approximately HKD 26,000,000 for the six months ended June 30, 2024, down from HKD 39,000,000 in the same period in 2023[49]. Assets and Liabilities - Non-current assets decreased to HKD 40,114,000 from HKD 50,198,000 as of December 31, 2023, indicating a decline of 20.1%[4]. - Current assets also fell to HKD 36,653,000 from HKD 50,731,000, a decrease of 27.8%[4]. - As of June 30, 2024, the company's current liabilities and total liabilities were approximately HKD 239,154,000 and HKD 279,207,000, respectively, compared to HKD 208,024,000 and HKD 252,815,000 in 2023[8]. - The total liabilities due within one year as of June 30, 2024, were HKD 308,648,000, compared to HKD 300,767,000 in 2023[24]. - The debt-to-asset ratio increased from 298.0% as of December 31, 2023, to 402.1% as of June 30, 2024[51]. Cash Flow - The company reported a net cash outflow from operating activities of HKD 4,113,000, an improvement from HKD 17,261,000 in the previous year[7]. - Cash and cash equivalents at the end of the period were HKD 9,488,000, down from HKD 22,138,000 at the end of the same period last year[7]. - The group had cash and bank balances of approximately HKD 9,500,000, down from HKD 10,200,000 as of December 31, 2023[50]. Revenue Segments - Revenue from external customers for the online gaming segment was HKD 12,404,000, while the cloud computing and data storage segment generated HKD 2,152,000[12]. - Online gaming revenue increased by approximately 61.2% to HKD 12,404,000 for the six months ended June 30, 2024, compared to HKD 7,697,000 for the same period in 2023[42]. - Revenue from cloud computing and data storage business was approximately HKD 2,152,000, a decrease of about 43.4% compared to HKD 3,804,000 for the same period in 2023[43]. - Esports business revenue was approximately HKD 12,002,000, an increase of about 7.0% compared to HKD 11,221,000 for the same period in 2023[44]. - Home products business revenue was approximately HKD 803,000, a significant decrease from HKD 17,621,000 for the same period in 2023[45]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the period[70]. - The company adhered to the corporate governance code, with the roles of chairman and CEO being separated, although the CEO's responsibilities were shared among board members during the reporting period[69]. - The company confirmed compliance with the standard code of conduct for securities transactions by all directors during the reporting period[71]. - The company is committed to maintaining high standards of corporate governance and business practices[69]. Future Plans and Strategies - The company plans to implement measures to improve cash flow and financial condition, including monitoring accounts receivable and tightening cost controls[9]. - The board believes that the company will have sufficient cash resources to meet operational funding requirements and financial obligations for at least the next twelve months[9]. - The company is actively developing the Holosens project, a social metaverse platform, and is exploring the integration of generative AI technology[41]. - The company plans to expand its product range in the home products sector and increase outsourcing to improve cost flexibility[45]. - The company aims to explore opportunities in IT consulting services to diversify its revenue sources[43]. Share Options and Equity - The total number of options available under the share option plan as of June 30, 2024, is 31,103,600, which corresponds to 11.52% of the company's issued share capital[62][63]. - The share option plan aims to encourage and reward eligible participants for their contributions to the group[59]. - The plan will remain effective until June 28, 2028, after which no new options will be granted, but existing options can still be exercised[63]. - The company has issued a total of 35,836,032 shares, which is approximately 11.52% of the total issued shares[63]. - As of June 30, 2024, Diamond State Holdings Limited holds 214,428,488 shares, representing 68.94% of the total issued share capital of the company[56]. Investment Properties - The company recorded a fair value gain of HKD 1,912,000 from investment properties during the reporting period[12]. - The investment property in Malaysia had a fair value of HKD 20,342,000 as of June 30, 2024, up from HKD 19,169,000 as of December 31, 2023[31]. - The rental income from operating leases reported was HKD 622,000 for the six months ended June 30, 2024, compared to HKD 1,643,000 for the same period in 2023[28]. - The total minimum lease payments receivable as of June 30, 2024, amounted to HKD 1,981,000, compared to HKD 427,000 as of December 31, 2023[29]. - The group reported a fair value loss of HKD 515,000 and a foreign exchange difference of HKD 812,000 for investment properties classified under Level 3 fair value measurement[32].
帝国科技集团(00776) - 2024 - 中期业绩