Revenue Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 271,400,000, a decrease of about 2.3% compared to HKD 277,800,000 for the same period in 2023[6]. - Revenue from electronic payment and related services decreased by approximately HKD 25,600,000 to about HKD 138,200,000, primarily due to reduced consumer spending by travelers in Macau and the end of the electronic consumption subsidy program in June 2023[6]. - Revenue from the lottery business increased by approximately HKD 12,400,000 to about HKD 126,400,000, driven by an increase in the number of lottery hardware contracts and delivery volumes[6]. - Total revenue for the six months ended September 30, 2024, was HKD 271,394,000, a decrease of 2.3% from HKD 277,784,000 in the same period of 2023[27]. - Electronic payment services generated revenue of HKD 129,533,000, down 15.7% from HKD 153,764,000 year-over-year[27]. - Lottery business revenue increased to HKD 126,341,000, up 11.4% from HKD 113,428,000 in the previous year[27]. - Revenue from mainland China increased to HKD 126,332,000 for the six months ended September 30, 2024, compared to HKD 113,977,000 in 2023, representing an increase of 10.5%[38]. - Revenue from Macau decreased to HKD 145,039,000 for the six months ended September 30, 2024, down 11.5% from HKD 163,807,000 in 2023[38]. Financial Performance - The operating loss for the six months was approximately HKD 28,900,000, a reduction from HKD 38,500,000 for the same period in 2023, attributed to a decrease in operating expenses by about HKD 15,100,000[8]. - The net loss for the period was approximately HKD 1,600,000, significantly improved from a loss of HKD 10,500,000 in the previous year[8]. - The group recorded a fair value gain of approximately HKD 3,100,000 from convertible loans provided to an Indian joint venture, compared to a fair value loss of HKD 300,000 in the previous period[8]. - Basic and diluted earnings per share for the period were HKD 0.017, compared to a loss of HKD 0.076 in the same period last year[12]. - The group’s total comprehensive income for the period amounted to HKD 15,169,000, a significant improvement from a loss of HKD 49,754,000 in the previous year[12]. - The company reported a loss before tax of HKD 2,245,000 for the six months ended September 30, 2024, compared to a loss of HKD 13,728,000 in the same period of 2023[34]. - Total operating expenses for the six months ended September 30, 2024, were HKD 131,294,000, a decrease of 10.3% from HKD 146,423,000 in 2023[40]. Assets and Liabilities - Total assets increased to HKD 5,222,057 thousand as of September 30, 2024, compared to HKD 3,729,660 thousand as of March 31, 2024, representing a growth of 40.0%[14]. - Non-current assets rose to HKD 2,133,174 thousand, up from HKD 1,998,092 thousand, indicating an increase of 6.8%[14]. - Current liabilities increased to HKD 2,243,554 thousand from HKD 950,123 thousand, reflecting a significant rise of 136.1%[16]. - The company reported a total equity of HKD 2,830,796 thousand as of September 30, 2024, up from HKD 2,652,814 thousand, which is an increase of 6.7%[17]. - The company’s total liabilities increased to HKD 2,391,261 thousand from HKD 1,076,846 thousand, representing a rise of 121.0%[17]. - Cash and cash equivalents at the end of the period were HKD 1,261,528 thousand, compared to HKD 1,074,260 thousand at the end of the same period last year, marking an increase of 17.4%[22]. Acquisitions and Investments - The company completed the acquisition of a controlling interest in Ant Bank (Macau) on September 2, 2024, holding approximately 51.5% of its issued share capital, which has been consolidated into the group’s financials[60]. - The acquisition cost related to Ant Bank (Macau) was approximately HKD 2,294,000, recognized as an expense in the group’s income statement for the six-month period[60]. - The total consideration for the acquisition of Ant Bank (Macau) is HKD 274,951,000, comprising cash consideration of HKD 129,320,000 and equity contribution of HKD 145,631,000[62]. - The identifiable net assets of Ant Bank (Macau) at acquisition amounted to HKD 339,935,000, leading to goodwill of HKD 74,936,000[62]. Market and Strategic Focus - The company is focusing on expanding its digital banking services and enhancing its electronic payment offerings in Macau and mainland China[30]. - Future outlook includes continued investment in new technologies and market expansion strategies to drive growth in the electronic payment and banking sectors[30]. - The group aims to become a global leader in banking and integrated digital financial technology, providing diverse services including banking, electronic payments, and local consumer services[82]. - The group is positioned as the exclusive lottery platform for Alibaba Group and Ant Group, enhancing its market presence in Macau[76]. - The group plans to leverage Alibaba and Ant Group's ecosystem resources to enhance synergy across its services, including life services, cultural entertainment, and e-commerce[82]. Corporate Governance and Compliance - The company maintains a high level of corporate governance to enhance transparency and protect shareholder interests[187]. - The company has not established a dividend policy due to the absence of distributable reserves under Bermuda law[191]. - The company has updated its corporate governance practices, including an annual contribution review of directors[190]. - The company has appointed a new independent non-executive director, effective May 14, 2024, to ensure compliance with GEM listing rules[193]. - The company has revised its articles of association to comply with the latest GEM listing rules, effective from June 11, 2024[197].
亚博科技控股(08279) - 2024 - 中期业绩