Financial Performance - The company recorded a revenue of HK$125.5 million for the first half of 2022, a decrease of 2.4% or HK$3.0 million compared to HK$128.5 million in the same period last year[24]. - Operating profit for the period was HK$37.3 million, down 3.4% or HK$1.3 million from HK$38.6 million in the previous year[24]. - Profit before tax decreased by 51.1% to HK$17.6 million, compared to HK$35.9 million in the first half of 2021[26]. - Profit for the period was HK$14.6 million, representing a decline of 51.5% or HK$15.4 million from HK$30.0 million in the same period last year[26]. - Basic earnings per share were HK$1.83, down from HK$3.78 in the previous year[18]. - The company declared an interim dividend of HK$1.83 per share, compared to HK$2.8 per share in the same period last year[19]. Segment Performance - The performance of the E-Commerce and Identity Management segments recorded negative results, while the Other Services segment saw an increase in revenue and profit[27]. - The E-Commerce segment's revenue decreased by 3.7% to HK$85.6 million, with a segment profit decline of 9.3% to HK$29.9 million[32]. - The IDM business revenue fell by 13.5% to HK$22.3 million, with a segment profit decrease of 14.8% to HK$2.4 million[33]. - The Other Services segment, including Smart PoS, reported a revenue increase of 26.9% to HK$17.6 million, with segment profit rising 32.3% to HK$9.3 million[34]. - The Supply Chain Solutions business saw a revenue increase of 71.8%, rising from HK$6.9 million to HK$11.9 million[32]. Asset and Liability Overview - Total assets as of June 30, 2022, were HK$524.6 million, down from HK$564.5 million at the end of 2021[20]. - Net assets decreased to HK$340.9 million from HK$378.6 million as of December 31, 2021[20]. - As of June 30, 2022, the Group had total cash and bank deposits of HK$199.0 million, down from HK$209.2 million as of 31 December 2021[94]. - The Group held investments in other financial assets with an aggregate carrying amount of HK$232.9 million as of 30 June 2022, down from HK$266.6 million as of 31 December 2021[94]. - The Group had no borrowings as of 30 June 2022, consistent with the position as of 31 December 2021[94]. Market Outlook - The outlook for the remainder of 2022 remains uncertain due to global economic tensions and the impact of the pandemic on supply chains[39]. - The GETS business outlook for the second half of 2022 is uncertain due to external factors such as the Russia-Ukraine conflict, rising inflation, and new pandemic waves, which may negatively impact Hong Kong's economic performance[56]. - The company is cautiously optimistic about its three business segments, expecting improvements in Supply Chain Solutions and IDM for the remainder of the year[40]. - The anticipated shrinkage of the GETS business is expected to lead to a moderate drop in the overall E-Commerce business for 2022[62]. Investment Strategy - The Group's investment strategy has shifted to a prudent approach due to recent market volatility and global economic outlook[136]. - The Group's cash surplus reserves were parked in bank deposits and other financial assets to improve yield during volatile market conditions[134]. - The Group fully disposed of its investment in corporate bonds measured at fair value through other comprehensive income during the period[94]. Employee and Director Compensation - The Group's remuneration policy includes various commission, incentive, and bonus schemes to motivate staff performance[139]. - The Share Option Scheme 2014 allows the Board to grant options to employees and directors, with a limit of 1% of the company's issued shares to any one grantee in a 12-month period[147]. - The purpose of the Share Option Scheme 2014 is to attract and retain talent while providing incentives for employees and directors to promote the company's success[148]. Corporate Governance - The Company confirmed compliance with all provisions of the Corporate Governance Code during the six months ended 30 June 2022[187]. - All Directors attended the Board meetings held on 22 March 2022 and 21 June 2022, with a total of two meetings convened during the reporting period[190]. - The interim financial report for the six months ended 30 June 2022 was reviewed by the external auditor KPMG and the Audit Committee, although it was not audited[194].
贸易通(00536) - 2022 - 中期财报