Financial Performance - The Group reported revenue of HKD 58,631,000 for the six months ended June 30, 2024, representing an increase of 35.1% compared to HKD 43,419,000 in the same period of 2023[9]. - Gross profit for the period was HKD 4,755,000, down 22.0% from HKD 6,092,000 year-on-year[9]. - The Group incurred an operating loss of HKD 2,128,000, compared to an operating profit of HKD 952,000 in the previous year[9]. - The net loss attributable to equity holders of the Company was HKD 2,784,000, compared to a loss of HKD 46,000 in the same period last year[10]. - Basic and diluted loss per share for the period was HKD 2.42, compared to HKD 0.04 in the previous year[10]. - The Group's total comprehensive loss for the period was HKD 2,891,000, compared to a total comprehensive income of HKD 17,000 in the same period of 2023[9]. - The Group's financing costs increased to HKD 795,000 from HKD 625,000 year-on-year, reflecting a rise of 27.2%[9]. - Other income and gains for the period amounted to HKD 1,864,000, compared to HKD 207,000 in the previous year, indicating a significant increase[9]. - The Group's administrative and other operating expenses rose to HKD 8,865,000 from HKD 5,405,000, marking an increase of 63.5%[9]. Assets and Liabilities - Total assets as of June 30, 2024, decreased to HKD 102,366,000 from HKD 104,305,000 as of December 31, 2023, representing a decline of approximately 1.4%[11]. - Non-current assets, including property, plant, and equipment, decreased from HKD 24,107,000 to HKD 22,428,000, a reduction of about 7%[11]. - Current liabilities increased to HKD 59,595,000 from HKD 56,382,000, marking an increase of approximately 3.8%[12]. - Total equity decreased to HKD 39,085,000 as of June 30, 2024, down from HKD 41,976,000 as of December 31, 2023, reflecting a decline of about 6.9%[11]. - The company’s borrowings decreased from HKD 17,753,000 to HKD 12,497,000, a reduction of approximately 29.5%[12]. - The company’s inventory and trade and other receivables decreased from HKD 4,083,000 to HKD 3,872,000, a decline of about 5.2%[11]. - The group’s total liabilities as of June 30, 2024, were HKD 63,281,000, slightly down from HKD 63,908,000 in the previous year[27]. - The group’s total equity decreased from HKD 61,745,000 to HKD 58,321,000, reflecting a decline of 5.5%[27]. Cash Flow - The company reported a net cash inflow from operating activities of HKD 6,569,000 for the six months ended June 30, 2024, compared to HKD 888,000 for the same period in 2023[16]. - The company’s cash and cash equivalents at the end of the period were HKD 2,019,000, down from HKD 4,837,000 at the end of 2023, indicating a decrease of approximately 58%[16]. - The company reported a cash outflow from investing activities of HKD 611,000 for the six months ended June 30, 2024, compared to HKD 10,410,000 for the same period in 2023[16]. Revenue Segmentation - Revenue for the foundation and related engineering business reached HKD 58,209,000, a 37.4% increase from HKD 42,394,000 in the same period last year[21]. - Alcohol beverage trading revenue decreased to HKD 422,000, down 58.8% from HKD 1,025,000 year-on-year[21]. - Revenue from external customers for the six months ended June 30, 2024, was HKD 58,631,000, an increase from HKD 43,419,000 in 2023, representing a growth of 35.1%[30]. Future Outlook and Strategy - The Group is focusing on market expansion and new product development strategies to improve future performance[4]. - The company remains cautiously optimistic about future prospects despite global economic uncertainties, believing in gradual recovery and long-term stable growth[51]. - The company is committed to investing in technological innovation and talent development to maintain its competitive edge in the foundation engineering market in Hong Kong[51]. - The company is closely monitoring the growing demand for alcoholic beverages in mainland China, indicating potential market expansion opportunities[51]. Employee and Corporate Governance - The total employee cost for the six months ended June 30, 2024, was approximately HKD 19.4 million, compared to HKD 11.7 million in the previous year[66]. - The total number of full-time employees in Hong Kong increased to 125 as of June 30, 2024, from 80 as of December 31, 2023[66]. - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[39]. - The company has adhered to all applicable corporate governance codes as per GEM Listing Rules during the six months ending June 30, 2024[78]. - The audit committee has reviewed the financial reporting processes and internal controls, ensuring compliance with applicable accounting standards and GEM Listing Rules for the six months ending June 30, 2024[80]. Shareholder Information - As of June 30, 2024, the company has a total of 115,000,000 ordinary shares issued, with a significant shareholder, Qihao, holding 51,000,000 shares, representing 44.35% of the equity[73]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the six months ending June 30, 2024[74]. - There were no competitive businesses or conflicts of interest reported involving directors, major shareholders, or their close associates during the six months ending June 30, 2024[75].
基地锦标集团(08460) - 2024 - 中期财报