Financial Performance - The Group recorded revenue of approximately HK$125.3 million for the six months ended June 30, 2024, an increase of 6.1% compared to approximately HK$118.1 million for the same period in 2023[13]. - The overall gross profit increased to approximately HK$24.8 million, representing a decrease of 69.9% compared to approximately HK$14.6 million for the six months ended June 30, 2023[13]. - The Group achieved a consolidated net profit of approximately HK$5.7 million for the Period, compared to a net loss of approximately HK$4.6 million for the six months ended June 30, 2023[13]. - Revenue for the six months ended June 30, 2024, was approximately HK$125.3 million, a 6.5% increase from HK$118.1 million for the same period in 2023[25]. - The Group recorded a profit of approximately HK$5.7 million for the period, compared to a loss of approximately HK$4.6 million for the same period in 2023[31]. - Profit for the period attributable to owners of the Company was HK$3,019,000, a significant recovery from a loss of HK$5,427,000 in the same period last year[48]. - The profit before taxation for the period was HK$8,507,000, compared to a loss before taxation of HK$3,220,000 in the previous year[64]. - The Group's profit for the period was HK$5,711,000, a recovery from a loss of HK$4,568,000 in the same period of 2023[64]. - The total comprehensive income for the period was a loss of HK$1,804,000, compared to a loss of HK$15,501,000 in the previous year, reflecting improved financial performance[52]. Revenue Breakdown - Revenue from financial services and consumer goods business contributed approximately HK$82.1 million to the Group for the six months ended June 30, 2024[14]. - Revenue from construction and ancillary services increased by 75.6% to approximately HK$43.2 million, compared to approximately HK$24.6 million in the prior year[26]. - Revenue from the consumer goods business accounted for approximately 65.5% of total revenue, amounting to approximately HK$82.1 million, down from approximately HK$93.6 million in the previous year[29]. - Revenue from external customers in Hong Kong was HK$19,975,000, while revenue from the PRC was HK$82,146,000, and from Macau was HK$23,200,000[72]. - Revenue from the consumer goods business decreased to HK$82,146,000 from HK$93,550,000, reflecting a decline of about 12.1%[63]. Economic Outlook - The economic environment in Hong Kong, Macau, and the PRC is expected to recover in 2024, which may enhance the Group's business performance[15]. - The Group anticipates a recovery in the economic environment in 2024, which is expected to enhance business performance and lead to more construction projects in Hong Kong and Macau[32]. Strategic Initiatives - The Group plans to commence more construction projects and ancillary works in Hong Kong and Macau to maintain a stable revenue stream in 2024[15]. - The Group aims to maximize shareholder value by exploring new business opportunities in consumer goods and other sectors[15]. - The Group's pragmatic approach in executing business strategies will continue to focus on broadening the revenue and profit base[15]. - The Group aims to maximize shareholder value by exploring new business opportunities in the consumer goods sector and other areas to broaden its revenue and profit base[32]. Financial Position - As of June 30, 2024, the Group had total cash and bank balances of approximately HK$32.6 million, down from approximately HK$40.4 million at the end of 2023[41]. - The Group maintained a current ratio of approximately 4.0 times as of June 30, 2024, compared to approximately 3.9 times at the end of 2023[41]. - The gearing ratio was approximately 19.0% as of June 30, 2024, a decrease from approximately 20.3% at the end of 2023[42]. - Total assets as of June 30, 2024, increased to HK$487,035,000 from HK$455,907,000 as of December 31, 2023, reflecting a growth of 6.8%[51]. - Net assets attributable to owners of the Company increased to HK$377,262,000 from HK$354,421,000, marking a rise of 6.4%[51]. - The Group had no pledged assets, contingent liabilities, or significant capital commitments as of June 30, 2024[45]. Cash Flow and Financing - Cash flows from operating activities showed a net cash used of HK$29,520,000 for the first half of 2024, a decrease from HK$142,670,000 in the same period of 2023[54]. - The net cash from financing activities was HK$24,021,000 for the first half of 2024, compared to HK$143,683,000 in the same period of 2023, indicating a decrease in financing activity[56]. - The company issued shares resulting in proceeds of HK$27,216,000 during the first half of 2024, while share issuance costs amounted to HK$381,000[56]. Shareholder Information - The company does not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[85]. - The weighted average number of ordinary shares in issue increased from 1,296,000,000 in 2023 to 1,555,200,000 in 2024[88]. - As of June 30, 2024, Mr. Xiao Yi holds 512,000 shares, representing approximately 0.04% of the company's shareholding[121]. Governance and Compliance - The Company has maintained compliance with the Corporate Governance Code throughout the year ended June 30, 2024[139]. - The Audit Committee reviewed the accounting principles and practices adopted by the Group for the six months ended June 30, 2024[156].
旷逸国际(01683) - 2024 - 中期财报