Financial Performance - For the six months ended June 30, 2025, Nexion Technologies Limited reported revenue of HKD 7,953,000, an increase of 14.4% compared to HKD 6,946,000 for the same period in 2024[8] - The cost of goods sold was HKD 4,002,000, resulting in a gross profit of HKD 3,951,000 for the six months ended June 30, 2025[8] - The loss before tax from continuing operations was HKD 1,338,000, a significant improvement from a loss of HKD 3,431,000 in the same period of 2024, representing a reduction of 61.0%[8] - The total comprehensive loss for the period was HKD 213,000, compared to a total comprehensive loss of HKD 4,339,000 in the previous year, indicating a substantial decrease of 95.1%[9] - Basic and diluted loss per share from continuing operations was HKD 0.15, improved from HKD 0.37 in the same period of 2024[10] - The company reported a net loss of HKD 3,569,000 for the six months ended June 30, 2025, compared to a loss of HKD 3,698,000 for the same period in 2024, indicating a slight improvement[14] - The company incurred a total comprehensive loss of HKD 4,057,000 for the six months ended June 30, 2025, compared to a total comprehensive loss of HKD 4,339,000 for the same period in 2024[13] - The company recorded a loss of approximately HKD 1,338,000, improved from a loss of approximately HKD 3,785,000 in the previous period, driven by increased performance in the cybersecurity solutions and IT software development segment[65] Assets and Liabilities - Non-current assets increased to HKD 6,801,000 as of June 30, 2025, compared to HKD 5,908,000 as of December 31, 2024, reflecting a growth of 15.1%[11] - Current assets decreased to HKD 16,503,000 from HKD 19,989,000, a decline of 17.4%[11] - Current liabilities decreased to HKD 7,205,000 from HKD 9,597,000, a reduction of 25.0%[11] - As of June 30, 2025, the company's total assets amounted to HKD 16,087,000, a decrease of 1.3% from HKD 16,300,000 as of December 31, 2024[12] - The company’s equity attributable to owners decreased to HKD 16,087,000 from HKD 16,773,000, representing a decline of 4.1%[13] - The group’s total liabilities, including trade and other payables, amounted to HKD 7,196,000 as of June 30, 2025, compared to HKD 9,591,000 at the end of December 2024[49] Cash Flow and Investments - Cash and cash equivalents decreased to HKD 6,493,000 from HKD 13,539,000, reflecting a decline of 52.0% year-over-year[14] - The company’s operating cash flow for the six months ended June 30, 2025, was negative at HKD 3,587,000, slightly better than the negative HKD 3,698,000 reported in 2024[14] - The company’s net cash used in investing activities was HKD 1,125,000 for the six months ended June 30, 2025, compared to a net cash inflow of HKD 37,000 in 2024[14] - The group has no bank borrowings or debts, with total assets of approximately HKD 23,304,000 and total liabilities of approximately HKD 7,217,000 as of June 30, 2025[66] Operational Efficiency and Strategy - The company continues to focus on improving operational efficiency and reducing costs to enhance profitability in future periods[8] - The company continues to focus on providing cybersecurity solutions and IT software, including Software as a Service (SaaS)[15] - The group established a strategic partnership with a leading cloud hosting provider in Malaysia, enhancing opportunities for high-value project bids and negotiations, expected to expand market reach and strengthen its position in the IT industry[56] Share Capital and Governance - As of June 30, 2025, the company's issued share capital is approximately HKD 8,878,000, comprising 887,760,000 ordinary shares[67] - The major shareholder, Alpha Sense Investments, holds 154,838,000 shares, representing 17.44% of the issued share capital[81] - The company has issued 147,960,000 shares at a placement price of HKD 0.024 per share, raising a net amount of approximately HKD 3,434,000 for general working capital[76] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim consolidated financial statements and confirmed compliance with applicable accounting standards[90] - The company has adhered to the corporate governance code during the reporting period, with a notable exception regarding the roles of the chairman and CEO being held by the same individual until May 12, 2025[84] Employee and Operational Costs - Employee costs and related expenses decreased to approximately HKD 2,999,000 from approximately HKD 3,398,000, mainly due to a reduction in director remuneration and a decrease in staff numbers as resources were reallocated from the SaaS business[63] - General and administrative expenses decreased from approximately HKD 1,958,000 to approximately HKD 1,435,000, primarily due to reduced activities in the SaaS segment and strict cost control measures implemented by the group[64] - The total employee cost for the period is approximately HKD 2,999,000, a decrease of about HKD 399,000 compared to the previous period[74] Dividends and Shareholder Returns - No interim dividend was recommended for the six months ended June 30, 2025, consistent with the previous year[33] - The company does not recommend the payment of an interim dividend for the period[73] Compliance and Regulatory Matters - The company has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on its financial performance for the six months ended June 30, 2025[19] - There are no significant contingent liabilities as of June 30, 2025, and December 31, 2024[70] - The company has established a code of conduct for securities trading by directors, which complies with GEM listing rules[87]
NEXION TECH(08420) - 2025 - 中期业绩