Financial Performance - For the six months ended December 31, 2024, the Company reported revenue of HK$19,976,000, a decrease of 79.8% compared to HK$99,003,000 in the same period of 2023[8]. - The gross profit for the period was HK$131,000, compared to a gross loss of HK$24,932,000 in the previous year, indicating a significant improvement[8]. - Profit before tax for the six months was HK$203,000, down from HK$1,999,000 in the prior year, reflecting a decline of 89.8%[8]. - The Company recorded a profit attributable to owners of HK$343,000, compared to HK$1,828,000 in the same period last year, representing a decrease of 81.2%[8]. - Total comprehensive income attributable to owners of the Company for the year was a loss of HK$4,324,000, compared to a gain of HK$5,805,000 in the previous year[9]. - The company reported a loss for the period of HK$343,000 for the six months ended December 31, 2024, compared to a loss of HK$1,828,000 in the same period of the previous year[15]. - Total comprehensive income for the period was a loss of HK$4,324,000, which includes a loss of HK$343,000 and other comprehensive expenses of HK$4,667,000[15]. - The Group recorded profits of approximately HK$0.3 million for the six months ended December 31, 2024, compared to HK$1.8 million for the same period in 2023[98]. - The Group recorded a profit of approximately HK$0.3 million for the six months ended December 31, 2024, compared to a profit of HK$1.8 million for the same period in 2023, indicating a decrease in profitability[102]. Revenue Breakdown - The Group's revenue from internet advertising agency services for the six months ended December 31, 2024, was HK$19,976,000, a decrease of 79.8% compared to HK$98,805,000 for the same period in 2023[34]. - The digitalization empowerment platform business generated no revenue for the six months ended December 31, 2024, compared to HK$198,000 in 2023[34]. - Total revenue for the six months ended December 31, 2024, was HK$19,976,000, down from HK$99,003,000 in 2023, reflecting a decline of 79.8%[34]. - The cost of sales amounted to approximately HK$19.8 million for the six months ended 31 December 2024, a decrease of approximately 84% from HK$123.9 million for the same period in 2023[84]. - The gross profit margin for the six months ended 31 December 2024 was approximately 0.7%, an increase of 25.9% compared to a gross loss margin of approximately 25.2% for the same period in 2023[85]. Assets and Liabilities - Trade receivables increased to HK$14,468,000 from HK$5,655,000, showing a rise of 155.5%[11]. - Current assets totaled HK$110,404,000, up from HK$97,218,000, indicating a growth of 13.5%[11]. - Current liabilities increased to HK$55,338,000 from HK$37,829,000, reflecting a rise of 46.2%[11]. - Net current assets decreased to HK$55,066,000 as of December 31, 2024, down from HK$59,389,000 on June 30, 2024, representing a decline of approximately 7.3%[12]. - Total assets less current liabilities also fell to HK$55,071,000 from HK$59,395,000, indicating a decrease of about 7.3%[12]. Cash Flow and Financing - Cash generated from operating activities was HK$3,303,000 for the six months ended December 31, 2024, compared to a cash outflow of HK$7,526,000 in the prior year[18]. - Cash and cash equivalents at the end of the period stood at HK$4,554,000, down from HK$7,101,000 a year earlier, reflecting a decrease of approximately 35.5%[18]. - The company issued shares amounting to HK$9,312,000 during the period, increasing the share capital to HK$6,872,000 as of December 31, 2024[15]. - The gross proceeds from the issuance of 101,600,000 shares were estimated at HK$12.7 million, with net proceeds of approximately HK$12.6 million intended for future business development and repayment of borrowings[117]. - The Group's total debt to equity ratio was 0% as of December 31, 2024, down from 3.1% as of June 30, 2024, reflecting a reduction in outstanding borrowings to HK$0 million[106]. Corporate Governance - The Company has adopted a code of conduct for securities transactions in compliance with GEM Listing Rules[171]. - The Corporate Governance Code has been adopted as per the requirements during the six months ended December 31, 2024[172]. - The Group complied with the Corporate Governance Code during the six months ended December 31, 2024, with some deviations noted[176]. - The Audit Committee reviewed the audited consolidated interim results for the six months ended December 31, 2024, prior to recommending them to the Board for approval[183]. - The Board consists of both executive and independent non-executive Directors, reflecting a balanced governance approach[184]. Employee and Workforce - As of December 31, 2024, the Group had a total workforce of 14 employees, with total staff costs for the six months ended December 31, 2024, approximately HK$0.8 million, a decrease of 50% from HK$1.6 million for the same period in 2023[136][140]. - The Group's employee remuneration policy is reviewed annually, and includes salaries, discretionary bonuses, and pension scheme contributions[137][140]. - The Group provides various training programs to enhance employees' technical skills and safety awareness[139][141]. Strategic Initiatives - The Company continues to explore new strategies for market expansion and product development to enhance future performance[6]. - The Group is committed to product development and business expansion, consolidating existing businesses and seeking new opportunities[78]. Shareholding Structure - As of December 31, 2024, the Company had 687,200,000 shares in issue[153][156]. - Mr. Gan Xiaohua holds 8,005,000 shares, representing approximately 1.16% of the issued share capital as of December 31, 2024[149]. - Zhu Yongjun holds 38,398,786 shares, representing approximately 5.59% of the issued share capital[159]. - 7Road Holdings Limited owns 54,000,000 shares, accounting for 12.86% of the issued share capital[159]. - Xie Ming has a beneficial ownership of 56,750,000 shares, which is 8.26% of the issued share capital[160]. - Shanghai Angell Asset Management Company Limited holds 72,497,169 shares, representing 10.55% of the issued share capital[160]. - Jilin Province Investment Group's deemed shareholdings are based on a 37.03% capital commitment in SHIC[169]. Risk Management - The Group's risk management policy aims to minimize adverse effects from market risks, ensuring efficient and effective operations[127]. - The Group has not engaged in any significant acquisitions or disposals for the year ending December 31, 2024[133]. - There were no major events or changes in risk management strategies reported during the period[132].
瓦普思瑞元宇宙(08093) - 2025 - 中期财报