Financial Performance - The company reported revenue of HKD 19,976,000 for the six months ending December 31, 2024, compared to HKD 99,003,000 for the same period in 2023, representing a decrease of approximately 79.8%[5] - The cost of goods sold was HKD 19,845,000, leading to a gross profit of HKD 131,000, compared to a gross loss of HKD 24,932,000 in the previous year[5] - The company recorded a net loss attributable to shareholders of HKD 343,000 for the current period, compared to a net loss of HKD 1,828,000 for the same period last year, indicating an improvement in performance[5] - Other income and gains amounted to HKD 2,742,000, down from HKD 29,846,000 in the previous year, reflecting a significant decline[5] - The basic and diluted earnings per share were HKD 0.05, compared to HKD 0.36 in the same period last year, showing a decrease in profitability[7] - The group reported revenue from internet advertising agency services of HKD 19,976,000 for the year ending December 31, 2024, and HKD 98,805,000 for the year ending December 31, 2023[19] - Revenue from digital industry empowerment platform business was HKD 198,000 for the year ending December 31, 2024, and HKD 99,003,000 for the year ending December 31, 2023[19] - The group reported a current tax expense of HKD 171,000 for the year ending December 31, 2024, with a prior year excess provision of HKD (140,000)[22] - The company recorded revenue of approximately HKD 20 million for the six months ending December 31, 2024, a decrease of about 79.8% compared to HKD 99 million for the same period in 2023[41] - The cost of sales for the same period was approximately HKD 19.8 million, down about 84% from HKD 123.9 million in the previous year, primarily due to the contraction of the old business[42] - The gross profit margin for the six months ending December 31, 2024, was approximately 0.7%, an improvement of 25.9% compared to a gross loss margin of 25.2% in the previous year[42] - Other income, gains, and losses for the six months ending December 31, 2024, amounted to a net gain of approximately HKD 2.7 million, down from HKD 29.8 million in the same period of 2023[45] - The group recorded a profit of approximately HKD 0.3 million for the six months ended December 31, 2024, compared to HKD 1.8 million for the same period in 2023[50] Assets and Liabilities - The company reported a total current assets of HKD 110,404,000 as of December 31, 2024, compared to HKD 97,218,000 as of June 30, 2024, representing an increase of approximately 13.5%[9] - Trade receivables amounted to HKD 14,468,000, showing a significant increase from HKD 5,655,000 in the previous period, indicating a growth of approximately 155.5%[9] - The total liabilities decreased from HKD 55,338,000 to HKD 37,829,000, reflecting a reduction of about 31.5%[9] - The company's total assets, net of current liabilities, stood at HKD 55,071,000, down from HKD 59,395,000, indicating a decline of approximately 7.3%[9] - The company's equity totaled HKD 55,071,000, compared to HKD 59,395,000 in the previous period, representing a decrease of about 7.3%[9] - The company's trade payables and notes payable amounted to HKD 18,105 thousand as of December 31, 2024[10] - The group had no outstanding borrowings as of December 31, 2024, down from HKD 1.9 million as of June 30, 2024[52] - The debt-to-equity ratio was approximately 0% as of December 31, 2024, compared to 3.1% as of June 30, 2024[52] Business Operations - The company operates primarily in the internet advertising agency services and digital industry empowerment platform business[10] - The company aims to continue developing its digital industry empowerment platform and expand its business in response to the rapid recovery of the Chinese economy[40] - The company has invested in the research and development of its digital industry empowerment platform to enhance personalized advertising capabilities and customer engagement[36] - The group has strategic business units for different products and services, including internet advertising agency services and digital industry empowerment platform business[18] Corporate Governance - The company has maintained a consistent accounting policy in line with Hong Kong Financial Reporting Standards as of December 31, 2024[12] - The financial statements are prepared based on historical cost principles, ensuring consistency in reporting[13] - The company is registered in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange[10] - The group expects that the newly issued and amended Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[16] - The group has implemented the revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which includes changes related to lease liabilities and classification of liabilities[15] - The group has not applied the newly issued and amended financial reporting standards that are not yet effective, indicating a cautious approach to regulatory changes[16] - The company has adopted a set of conduct rules for directors regarding securities trading, compliant with GEM listing rules[68] - The company has adhered to the corporate governance code as per GEM listing rules, with some deviations disclosed[69] - The audit committee has been established in accordance with GEM listing rules, consisting of Mr. Chen Ce (Chairman), Ms. Zhu Minli, and Ms. Zhu Xiaolin, all of whom are independent non-executive directors[74] - The audit committee reviewed the financial statements for the six months ending December 31, 2024, prior to making recommendations to the board for approval[74] - Ms. Zhu Minli and Ms. Zhu Xiaolin were appointed as independent non-executive directors effective January 20, 2025[74] Employee and Tax Information - Total employee costs for the six months ended December 31, 2024, were approximately HKD 0.8 million, a decrease from HKD 1.6 million for the same period in 2023[62] - The group provides a monthly contribution of 5% of employees' monthly income to the Mandatory Provident Fund, with a maximum monthly contribution of HKD 1,500[64] - The group is responsible for making contributions to the retirement benefit plan for eligible employees in China, calculated as a percentage of applicable salary costs[64] - The corporate income tax rate in China is set at 25% for the year 2023, but the group did not report any taxable profits subject to this tax[23] Dividends and Share Information - The company does not recommend paying dividends for the six months ending December 31, 2024, similar to the previous year[25] - The group has not issued any potential ordinary shares for the years ending December 31, 2024, and December 31, 2023, resulting in no diluted loss per share being presented[27] - The total issued and paid-up capital was 6,872 million shares as of the reporting date[32] - There have been no purchases, sales, or redemptions of the company's listed securities as of December 31, 2024[67]
瓦普思瑞元宇宙(08093) - 2025 - 中期业绩