Financial Performance - The company reported a total comprehensive loss attributable to owners of HK$18,650,000 for the six months ended June 30, 2024, compared to a loss of HK$10,931,000 in the same period of 2023[3]. - Revenue for the period was HK$166,000, showing a slight increase from HK$164,000 in the previous year[3]. - Other income increased to HK$360,000, while the loss arising on changes in fair value of financial assets at fair value through profit or loss was HK$11,786,000, up from HK$4,217,000 in 2023[3]. - The loss per share for the period was HK$2.26, compared to HK$1.41 in the previous year[3]. - The company reported a loss of HK$18,650,000 for the period, which impacted the accumulated losses, increasing them to HK$791,647,000[7]. - For the six months ended June 30, 2024, the Group reported a loss attributable to owners of the Company of HK$18,650,000, compared to a loss of HK$10,931,000 for the same period in 2023[26]. - For the six months ended June 30, 2024, the Group recorded a loss attributable to owners of approximately HK$18,650,000, compared to a loss of approximately HK$10,931,000 in the same period of 2023, primarily due to an increase in loss from changes in fair value of financial assets by approximately HK$7,569,000[83]. Expenses and Costs - Administrative expenses rose to HK$7,291,000 from HK$6,778,000 year-on-year[3]. - The total staff costs for the six months ended June 30, 2024, were approximately HK$4,402,000, compared to approximately HK$3,840,000 for the same period in 2023[120]. - Directors' remuneration increased to HK$2,587,000 in 2024 from HK$2,360,000 in 2023, while staff costs rose to HK$1,815,000 from HK$1,480,000[23]. - Rental expenses paid to related companies decreased to HK$420,000 for the six months ended June 30, 2024, compared to HK$1,106,000 in the same period of 2023, representing a reduction of approximately 62%[49]. Assets and Liabilities - The company's cash and cash equivalents significantly increased to HK$12,044,000 from HK$1,595,000 as of December 31, 2023[4]. - As of June 30, 2024, net current assets increased to HK$101,426,000 from HK$64,655,000 as of December 31, 2023, representing a growth of 56.8%[5]. - Total equity rose to HK$108,610,000 as of June 30, 2024, compared to HK$71,883,000 at the end of 2023, marking an increase of 50.9%[5]. - Current liabilities decreased from HK$11,851,000 to HK$11,152,000[4]. - Non-current assets decreased slightly from HK$7,228,000 to HK$7,184,000[4]. - The carrying amounts of financial assets and liabilities at amortized cost were not materially different from their fair value as of June 30, 2024, and December 31, 2023[68]. Cash Flow and Financing - Net cash used in operating activities for the six months ended June 30, 2024, was HK$45,018,000, a significant decrease from HK$360,000 generated in the same period of 2023[9]. - The financing activities generated a net cash inflow of HK$54,941,000, contrasting with a cash outflow of HK$1,098,000 in the same period of 2023[9]. - The Group's outstanding borrowings as of June 30, 2024, were approximately HK$10,000,000, slightly down from HK$10,236,000 as of December 31, 2023[102]. - The gearing ratio as of June 30, 2024, was 9.2%, down from 14.2% as of December 31, 2023[105]. - The debt-to-equity ratio was 9.2%, down from 14.2% on December 31, 2023[110]. Share Capital and Equity - The company issued new shares resulting in a capital increase of HK$56,727,000 during the period, contributing to the overall equity growth[7]. - The Company issued 1,050,500,887 shares with a par value of HK$0.01 each as of June 30, 2024, up from 700,333,925 shares on December 31, 2023[114]. - The weighted average number of ordinary shares for calculating basic and diluted loss per share increased to 823,500,000 in 2024 from 772,629,000 in 2023[27]. - As of June 30, 2024, the total number of issued and fully paid shares increased to 1,050,500,887 from 700,333,925 at the end of 2023[46]. Investments - The company holds a 2.91% equity interest in Affluent Partners Holdings Limited, with net assets attributable to the company amounting to HK$ 14,914 thousand and a cost of investment of HK$ 44,597 thousand[71]. - The market value of the company's investment in US Treasury N/B as of June 30, 2024, was HK$ 20,639 thousand, with a cost of investment of HK$ 20,532 thousand[70]. - The total cost of investments as of June 30, 2024, was HK$ 146,772 thousand, with a market value of HK$ 93,453 thousand[70]. - The Group's major investments as of 30 June 2024 included approximately HK$77,430,000 in listed financial instruments and approximately HK$18,677,000 in direct investments in unlisted financial instruments[86]. - The company’s investment in Tencent Holdings Limited has a cost of HK$ 29,341 thousand, with net assets attributable to the company of HK$ 622 thousand[71]. Strategic Outlook - The company continues to adopt a going concern basis of accounting, indicating confidence in its operational sustainability for the foreseeable future[10]. - The Board emphasizes a conservative strategy to preserve capital and manage risks amid ongoing global challenges[116]. - The company continues to focus on general operational funding and future investments as part of its strategic outlook[48]. Events After Reporting Period - There were no significant events that occurred after the reporting period[80]. - No significant events occurred after the reporting period[133].
胡桃资本(00905) - 2024 - 中期财报