Financial Performance - For the six months ended June 30, 2025, the group's revenue was approximately HKD 44.5 million, an increase of about 11.6% compared to HKD 39.8 million for the same period in 2024[6]. - The gross profit margin for the six months ended June 30, 2025, was approximately 4.3%, down from 9.9% for the same period in 2024[6]. - The group reported a loss of approximately HKD 8.3 million for the six months ended June 30, 2025, compared to a loss of HKD 0.1 million for the same period in 2024[6]. - Basic loss per share for the six months ended June 30, 2025, was approximately HKD 2.89, compared to HKD 0.05 for the same period in 2024[6]. - The company experienced a net loss before tax of HKD 8,336,000 for the six months ended June 30, 2025, compared to a net loss of HKD 56,000 for the same period in 2024, indicating a significant decline in profitability[18][19]. - The company recorded a net loss of approximately HKD 8.3 million for the six months ending June 30, 2025, compared to a loss of about HKD 0.1 million for the same period in 2024[45]. Assets and Liabilities - Non-current assets as of June 30, 2025, amounted to HKD 30.6 million, an increase from HKD 29.0 million as of December 31, 2024[8]. - Current assets as of June 30, 2025, totaled HKD 66.6 million, slightly down from HKD 67.6 million as of December 31, 2024[8]. - Current liabilities increased to HKD 34.3 million as of June 30, 2025, compared to HKD 26.6 million as of December 31, 2024[8]. - Total equity as of June 30, 2025, was HKD 62.9 million, down from HKD 69.7 million as of December 31, 2024[8]. - The company's total assets as of June 30, 2025, were approximately HKD 97.6 million, compared to HKD 96.6 million as of December 31, 2024[49]. - The company's total equity attributable to owners decreased from HKD 76,618,000 as of January 1, 2024, to HKD 62,910,000 as of June 30, 2025, reflecting a decline of approximately 17.9%[9]. Revenue Breakdown - Revenue from China increased to HKD 35,001,000 in 2025 from HKD 33,830,000 in 2024, representing a growth of 3.5%[20]. - Other Asian regions, excluding Hong Kong and China, generated revenue of HKD 9,239,000 in 2025, up from HKD 5,726,000 in 2024, marking a significant increase of 61.8%[20]. - The gross profit from the sale of industrial aluminum electrolytic capacitors was HKD 35,353,000, while the profit from electronic component trading was HKD 9,113,000, contributing to a total segment profit of HKD 1,918,000[18]. - Revenue from the sale of industrial aluminum electrolytic capacitors rose from approximately HKD 33.7 million to approximately HKD 35.4 million[37]. Expenses and Cash Flow - The company experienced a significant increase in administrative expenses, which rose to HKD 9.1 million for the six months ended June 30, 2025, compared to HKD 6.3 million for the same period in 2024[7]. - Operating cash flow for the six months ended June 30, 2025, was HKD 6,381,000, a substantial increase from HKD 1,861,000 in the previous year, reflecting improved cash generation from operations[10]. - The company incurred total expenses of HKD 1,573,000 during the period, which included a loss of HKD 139,000 and foreign exchange losses of HKD 1,434,000[9]. - Sales costs increased by approximately 18.5%, rising from about HKD 35.9 million to approximately HKD 42.5 million[38]. Dividends and Shareholder Information - The board of directors did not recommend the payment of any dividend for the six months ended June 30, 2025, consistent with the previous year[6]. - The company did not declare or pay any dividends during the two periods[25]. - Major shareholders include Super Date Co., Ltd, holding 188,150,000 shares, representing 65.33% of the company's equity[61]. Corporate Governance and Compliance - The company has adopted trading compliance standards for directors, ensuring adherence to regulations regarding insider trading[64]. - The company has adhered to the corporate governance code as per GEM listing rules, except for deviation from C.2.1, which states that the roles of Chairman and CEO should be separate[68]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2025[72]. Subsidiary and Business Development - The company established a subsidiary in Dubai to support new business development in SaaS solutions and innovative digital products[35]. - The Dubai subsidiary plans to utilize the proprietary internal algorithm system (PAS) to integrate AI, web3.0 token mechanisms, big data, and cloud computing technologies[36]. - The company aims to expand its influence in the Asia-Pacific, Middle East, and Europe regions through strong operational capabilities in Dubai[36]. Employment and Compensation - The total number of full-time employees increased from 134 to 151, with total compensation for the six months amounting to approximately HKD 11.8 million, up from HKD 9.5 million[54].
数盟资本(08375) - 2025 - 中期财报