Financial Performance - The group's revenue for the six months ended June 30, 2023, was HKD 28,897,000, a decrease of 0.6% compared to HKD 29,075,000 for the same period in 2022[8]. - The net loss attributable to shareholders for the period was approximately HKD 59,810,000, compared to a net loss of approximately HKD 5,450,000 in 2022, with a basic loss per share of HKD 0.52[8]. - The group recorded a net loss of approximately HKD 436,600,000 for the year ended December 31, 2022, compared to a net profit of HKD 291,200,000 for the year ended December 31, 2021[24]. - The revenue for the group was approximately HKD 802,000,000 for the year ended December 31, 2022, a decrease of about 10.4% from HKD 895,400,000 in 2021[24]. - The group reported a net loss of HKD 60,611,000 for the six months ended June 30, 2023, compared to a loss of HKD 7,464,000 in the same period of 2022[73]. - The group experienced a gross profit of HKD 11,251,000, down from HKD 17,058,000 in the previous year, indicating a decrease of about 34.3%[73]. - The group’s total comprehensive loss for the period was HKD 104,670,000, compared to a loss of HKD 57,665,000 in the same period last year, reflecting an increase of approximately 81.5%[75]. High-Tech Business Segment - The high-tech business segment generated revenue of approximately HKD 17,479,000, an increase from HKD 10,335,000 in the previous year[12]. - The high-tech business segment recorded a profit of approximately HKD 2,908,000, recovering from a loss of HKD 6,692,000 in the previous year[12]. - The group is actively seeking opportunities to expand the range of services and products offered in the high-tech business segment[9]. - The board is focused on ensuring the sustainable development of the high-tech business despite competitive pressures in China[15]. - Revenue from high-tech business increased to HKD 17,479,000, up from HKD 10,335,000 year-on-year, reflecting a growth of approximately 69.5%[100]. Investment and Securities - The group recorded a fair value loss of approximately HKD 21,854,000 from investment properties, compared to a fair value loss of approximately HKD 4,400,000 in the previous year[16]. - The securities trading and investment segment recorded a loss of approximately HKD 52,665,000 for the period, compared to a loss of HKD 4,332,000 in 2022[19]. - The total unrealized loss on securities investments measured at fair value through profit or loss was approximately HKD 39,851,000, compared to HKD 85,000 in 2022[19]. - The group sold part of its securities investments to realize its investments and reallocate resources to more promising areas[19]. - The company recorded a net loss of HKD 4,483,000 from securities trading and investment for the period, compared to a gain of HKD 33,000 in the previous year[100]. Financing and Costs - The group incurred financing costs of approximately HKD 4,793,000 during the period, up from HKD 3,741,000 in 2022[19]. - The company has implemented a credit policy to mitigate business-related risks, including a credit review process for significant loan transactions[45]. - The company plans to raise up to approximately HKD 69,657,000 through a rights issue at a subscription price of HKD 0.6 per share, with a maximum of 116,095,491 shares to be issued[93]. - Financing costs for the six months ended June 30, 2023, totaled HKD 9,743 million, compared to HKD 6,683 million in the same period of 2022, representing an increase of 45.7%[106]. Assets and Liabilities - As of June 30, 2023, total cash and bank balances were approximately HKD 6,645,000, down from HKD 38,983,000 on December 31, 2022[56]. - Total borrowings amounted to approximately HKD 370,098,000, slightly down from HKD 372,583,000 on December 31, 2022, with bank borrowings at approximately HKD 282,096,000[56]. - The capital debt ratio was approximately 44.01% as of June 30, 2023, compared to 39.83% on December 31, 2022[57]. - The net asset value as of June 30, 2023, was approximately HKD 840,993,000, down from HKD 935,461,000 on December 31, 2022[57]. - The total assets as of June 30, 2023, amounted to HKD 1,287,091 million, down from HKD 1,372,511 million at the end of 2022, reflecting a decrease of 6.2%[104]. Corporate Governance and Management - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are held by the same individual, Liang Jian[179]. - The company aims to attract suitable talent to support its ongoing development and contributions to the group[172]. - The company has adopted a standard code of conduct for directors regarding securities trading, confirming compliance during the reporting period[178]. - The company’s audit committee reviewed the interim results in accordance with the relevant corporate governance codes[181]. Shareholder Information - The company reported a total remuneration for key management personnel of HKD 2,951,000 for the six months ended June 30, 2023, compared to HKD 2,144,000 for the same period in 2022, reflecting an increase of approximately 37.6%[153]. - The total issued share capital as of June 30, 2023, is HKD 250,000, with 623,700,000 ordinary shares outstanding[143]. - The company completed a rights issue, raising approximately HKD 52,431,000 after expenses, increasing its share capital by about HKD 24,560,000[143]. - The company has a weighted average remaining contractual life of approximately 0.21 years for unexercised share options as of June 30, 2023, down from 0.68 years as of December 31, 2022[147].
未来世界控股(00572) - 2023 - 中期财报