Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HK$105,424,000, representing an increase of 2.7% compared to the same period in the previous financial year[4]. - Loss from continuing operations attributable to shareholders increased to HK$3,933,000 for the Interim Period, compared to HK$1,124,000 for the Corresponding Period[4]. - Loss attributable to equity holders of the Company amounted to HK$4,811,000 for the Interim Period, up from HK$1,945,000 in the Corresponding Period[4]. - Basic and diluted loss per share for profit from continuing operations for the Interim Period was HK0.5 cents[4]. - Total loss for the period was HK$7,664,000, compared to a loss of HK$465,000 in the previous year[7]. - The total comprehensive loss for the six months ended June 30, 2024, was HK$17,754,000, compared to HK$1,375,000 in the same period of 2023, indicating a significant increase in losses[8]. - Loss attributable to equity holders from continuing operations was HK$3,933,000, up from HK$1,124,000 in 2023, reflecting a worsening operational performance[8]. - The company recorded a basic and diluted loss per share of HK$0.6 for the period, compared to HK$0.3 in the previous year, indicating a decline in profitability[9]. - The company incurred a loss for the period of HK$4,811 million, contributing to a total comprehensive loss of HK$10,090 million[13]. - The Group's gross profit for the Interim Period was HK$7,581,000, down from HK$11,523,000 in the Corresponding Period[6]. Cash Flow and Assets - The company reported a net cash outflow from operating activities of HK$71,205 million for the period, compared to a net inflow of HK$4,061 million in the previous period[15]. - The cash and cash equivalents at the end of the period stood at HK$301,516 million, up from HK$185,323 million at the end of the previous period[15]. - The company declared no dividends for the period, consistent with the previous year[9]. - The company reported a current income tax expense of HK$2,280,000 for the six months ended June 30, 2024, compared to HK$1,697,000 in 2023, reflecting an increase in tax obligations[58][59]. - The company experienced a foreign exchange loss of HK$10,090,000 due to translation differences on foreign operations, compared to a loss of HK$910,000 in 2023[8]. - The company reported a total asset increase to HK$732,260,000 as of June 30, 2024, compared to HK$588,504,000 at the end of 2023, representing a growth of approximately 24.5%[10]. - Cash and cash equivalents rose to HK$301,516,000 from HK$245,234,000, marking an increase of approximately 22.9%[10]. - Total liabilities increased to HK$321,109,000 from HK$157,462,000, reflecting a rise of approximately 104.5%[12]. Segment Performance - Revenue from environmental maintenance services was HK$81,351,000, down from HK$91,318,000 in 2023, indicating a decrease of about 11%[47]. - The trading business, particularly in cosmetic products, saw significant growth, with revenue increasing to HK$19,142,000 from HK$8,994,000, marking a rise of approximately 113%[47]. - Revenue from media advertisement business reached HK$3,791,000, compared to no revenue in the same period last year, indicating a successful entry into this segment[47]. - Rental income from property leasing was HK$996,000, down from HK$1,364,000 in 2023, reflecting a decrease of approximately 27%[47]. - Discontinued operations in medical device sales generated revenue of HK$3,328,000, down from HK$7,289,000 in the previous year, a decline of about 54%[47]. - The geographical revenue breakdown showed that revenue from China was HK$87,330,000, down from HK$93,663,000, while revenue from Hong Kong increased to HK$18,094,000 from HK$8,994,000[44]. Operational Changes - The company completed the disposal of its medical devices business for a consideration of RMB22,500,000 on April 30, 2024, aiming to cut losses and reallocate resources[60][61]. - The Group's strategic decision to sell the medical devices business was influenced by the unstable market conditions and poor sales performance in that segment[86]. - The Group invested in the media advertisement business starting June 2024, expanding its operational segments[82]. - The Group's capital expenditure for the Interim Period was approximately HK$1,057,273, primarily used in the environmental maintenance business, compared to HK$Nil in the corresponding period[102]. Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the Interim Period[109]. - The Audit Committee consists of three independent non-executive directors, chaired by Mr. Lam Ka Tak[110]. - The unaudited interim financial results for the Group have been reviewed by the Audit Committee[110]. - The Group has no material contingent liabilities as of June 30, 2024[105]. - The Company does not recommend payment of a dividend for the Interim Period[105].
网誉科技(01483) - 2024 - 中期财报