Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 147.05 million, a decrease of about 4% compared to HKD 153.09 million for the same period last year[2]. - Net loss attributable to shareholders for the six months ended June 30, 2024, was approximately HKD 40.6 million, a slight decrease from HKD 41.59 million in the previous year[2]. - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.74, compared to HKD 0.75 for the same period last year[2]. - Total comprehensive loss for the six months ended June 30, 2024, was HKD 69.234 million, down from HKD 95.592 million in the previous year[6]. - The company recorded a net loss of HKD 61,554,000 for the six months ended June 30, 2024, compared to the previous year's performance, indicating ongoing financial challenges[16]. - The group reported a revenue of approximately HKD 147,049,000 for the six months ended June 30, 2024, a decrease of 4% or about HKD 6,042,000 compared to HKD 153,091,000 in the same period last year[78]. - The group recorded a net loss attributable to shareholders of approximately HKD 40,595,000, a slight decrease of about HKD 997,000 from a net loss of HKD 41,592,000 in the previous year[79]. Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to HKD 1,449.902 million, a decrease from HKD 1,517.086 million as of December 31, 2023[7]. - Current assets as of June 30, 2024, totaled HKD 507.132 million, down from HKD 525.296 million as of December 31, 2023[8]. - Total liabilities as of June 30, 2024, were HKD 809.138 million, compared to HKD 785.097 million as of December 31, 2023[9]. - Net assets as of June 30, 2024, were HKD 543.862 million, a decrease from HKD 613.513 million as of December 31, 2023[9]. - The net current liabilities as of June 30, 2024, were HKD 302,006,000, highlighting liquidity concerns[16]. - The group's total liabilities decreased to HKD 147,774,000 as of June 30, 2024, from HKD 154,217,000 as of December 31, 2023, indicating a reduction of approximately 4.1%[61]. - The asset-liability ratio as of June 30, 2024, was 71%, up from 69% as of December 31, 2023[97]. Cash Flow - For the six months ended June 30, 2024, the net cash generated from operating activities was HKD 51,420,000, a decrease of 18.1% compared to HKD 62,807,000 for the same period in 2023[10]. - The net cash used in investing activities was HKD (10,510,000), significantly improved from HKD (186,143,000) in the previous year, indicating a reduction in capital expenditures[10]. - The net cash used in financing activities was HKD (51,227,000), compared to HKD (58,155,000) in the prior year, reflecting a decrease of 11.5%[10]. - The total cash and cash equivalents decreased by HKD 10,317,000, a significant improvement from a decrease of HKD 181,491,000 in the same period last year[10]. - As of June 30, 2024, the company had cash and cash equivalents of HKD 213,816,000, down from HKD 367,706,000 at the end of June 2023[10]. Revenue Breakdown - Revenue from water supply and related services was HKD 132,560,000, down from HKD 135,320,000, reflecting a decline of 2.0%[17]. - The property investment and development segment recorded revenue of approximately HKD 12,001,000, a decrease of about HKD 2,594,000 from HKD 14,595,000 in the previous year, attributed to a slowdown in market recovery and weakened consumer sentiment[78]. - The financial services segment generated revenue of approximately HKD 34,000, down 82% from HKD 187,000 in the same period last year, due to poor performance in the Hong Kong stock market affecting investor confidence[78]. Cost Management - The company reported a decrease in operating costs, employee costs, administrative expenses, and financial costs contributing to the reduced net loss[2]. - Employee costs, including directors' remuneration, decreased to HKD 24,847,000 from HKD 28,363,000, a reduction of 12.0%[21]. - General and administrative expenses were approximately HKD 33,776,000, a decrease of about HKD 908,000, mainly due to reduced operating and employee costs[82]. - Financial expenses were approximately HKD 21,118,000, a decrease of about HKD 4,432,000, primarily due to the repayment of part of the bank loans[84]. Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024[2]. - The company has a significant shareholder structure, with 永城, 朱女士, and Affluent Vast collectively holding 1,561,140,000 shares, representing 28.32% of the total issued share capital[114]. - 博舜 holds 600,000,000 shares, accounting for 10.88% of the total issued share capital[114]. - The company has not disclosed any other individuals with significant shareholdings or derivatives as of June 30, 2024[116]. Corporate Governance and Strategy - The company emphasizes the importance of environmental, social, and governance (ESG) responsibilities and is committed to maintaining high corporate governance standards and effective resource allocation[80]. - The company will continue to focus on market expansion and new strategies[136]. - The board consists of a total of seven members, ensuring diverse oversight[136]. - The company aims to enhance shareholder value through strategic initiatives[136].
环球实业科技(01026) - 2024 - 中期财报