Financial Performance - For the six months ended December 31, 2024, the group's revenue was approximately HKD 63,889,000, an increase of about HKD 13,215,000 or 26.1% compared to the same period last year[12]. - The gross profit for the same period decreased by approximately HKD 7,312,000 or 50.3% to about HKD 7,213,000[12]. - The loss per share for the six months ended December 31, 2024, was approximately HKD 1.03 cents, compared to HKD 1.84 cents for the same period in 2023[12]. - The company reported a pre-tax loss of approximately HKD 7,663,000 for the six months ended December 31, 2024, compared to HKD 11,607,000 for the same period last year[13]. - The company recorded a net loss of approximately HKD 7,320,000 for the six months ended December 31, 2024, compared to HKD 11,019,000 for the same period in 2023[13]. - The group reported a loss of HKD 2,871,000 for the six months ended December 31, 2024, compared to a loss of HKD 7,172,000 in the same period of 2023, indicating an improvement in performance[42]. - The group recorded a net loss of approximately HKD 7,320,000, a decrease of HKD 3,699,000 or 33.6% compared to the previous period[117]. Assets and Liabilities - Non-current assets as of December 31, 2024, totaled approximately HKD 33,576,000, down from HKD 39,766,000 as of June 30, 2024[18]. - Current assets increased to approximately HKD 124,966,000 as of December 31, 2024, compared to HKD 93,542,000 as of June 30, 2024[18]. - Total assets decreased from 75,958 thousand HKD to 72,041 thousand HKD, indicating a decline of approximately 3.8%[19]. - The net asset value decreased from 70,391 thousand HKD to 65,632 thousand HKD, representing a reduction of about 6.5%[21]. - The company’s total liabilities decreased to HKD 80,770,000 as of December 31, 2024, from HKD 37,872,000 as of June 30, 2024, indicating a significant increase in financial stability[63]. Cash Flow and Financial Stability - Operating cash flow improved to 4,625 thousand HKD from a negative 6,103 thousand HKD year-over-year, showing a significant turnaround[26]. - The company reported a net cash decrease of 375 thousand HKD compared to a much larger decrease of 12,121 thousand HKD in the previous year[28]. - Cash and cash equivalents at the end of the period increased to 27,502 thousand HKD from 4,930 thousand HKD, marking a substantial improvement[28]. - The company has maintained a prudent treasury policy and closely monitored its liquidity position throughout the reporting period[122]. Revenue Sources - Revenue from network support and connectivity services in Malaysia was HKD 36,554,000, while in China, e-commerce revenue was HKD 8,960,000 and IP licensing for online games was HKD 18,375,000[42]. - E-commerce sales surged by approximately HKD 3,415,000 or 7,266.0% to about HKD 3,462,000, driven by collaboration with OPPO Guangdong Mobile Communications[104]. - Revenue from online game IP licensing management services rose by approximately HKD 12,160,000 or 195.7% to about HKD 18,375,000[104]. - The network service provider license expiration will significantly reduce network connectivity services in Malaysia, with related revenue and gross profit for the six months ending December 31, 2024, being approximately HKD 14,893,000 and HKD 2,112,000, respectively, accounting for about 23.3% and 29.3% of the group's total revenue and gross profit[92]. Employee and Operational Changes - Employee costs decreased to HKD 10,065,000 in 2024 from HKD 14,634,000 in 2023, a reduction of approximately 31.5%[7]. - The company employed 69 staff members as of December 31, 2024, down from 128 employees a year earlier[150]. - The company plans to hire additional e-commerce market developers in 2025 to explore more product categories and online sales channels[88]. Strategic Initiatives - The company plans to continue focusing on network support services and e-commerce, aiming for market expansion in these areas[31]. - The company has initiated a new business in online gaming IP licensing management starting November 2023[80]. - The company is exploring opportunities in the Chinese market for network support and connectivity services, with a potential partnership with a leading Chinese network service provider expected to be finalized in Q1 2025, aiming to generate revenue in Q2 2025[94]. - The company aims to streamline operations by divesting underperforming assets, focusing on more competitive business areas to improve overall performance[87]. Shareholder and Governance Matters - The company has adopted a share incentive plan on April 14, 2023, which was approved by shareholders and became effective on April 21, 2023, allowing for a maximum issuance of 60,000,000 shares, representing 10% of the total issued share capital[160][165]. - The company has appointed Oriental Fortune Securities Limited as the initial trustee for the share incentive plan, ensuring independence from the company[162]. - The company has confirmed compliance with the trading standards for directors as per GEM Listing Rules for the six months ending December 31, 2024[187]. - The audit committee consists of four members, including three independent non-executive directors, ensuring a wealth of experience in business, finance, and legal matters[183].
比特元宇宙(08645) - 2025 - 中期财报